Document:

Form of Rights Agreement between WABCO Holdings Inc. and Rights Agent

 Exhibit 4.1 
  

 WABCO HOLDINGS INC. 
 and 
 THE BANK OF NEW YORK 
 Rights Agent 
  

 FORM OF RIGHTS AGREEMENT 
 Dated as of
[                    ], 2007 
  

 TABLE OF CONTENTS 
  

					
	Section	  	Page
	Section 1.	  	Certain Definitions	  	1
			
	Section 2.	  	Appointment of Rights Agent	  	5
			
	Section 3.	  	Issue of Right Certificates	  	5
			
	Section 4.	  	Form of Right Certificates	  	8
			
	Section 5.	  	Countersignature and Registration	  	8
			
	Section 6.	  	Transfer, Split Up, Combination and Exchange of Right Certificates; Mutilated, Destroyed, Lost or Stolen Right Certificates	  	9
			
	Section 7.	  	Exercise of Rights; Purchase Price; Expiration Date of Rights	  	10
			
	Section 8.	  	Cancellation and Destruction of Right Certificates	  	11
			
	Section 9.	  	Reservation and Availability of Capital Stock	  	12
			
	Section 10.	  	Preferred Stock Record Date	  	13
			
	Section 11.	  	Adjustment of Purchase Price, Number and Kind of Shares or Number of Rights	  	13
			
	Section 12.	  	Certificate of Adjusted Purchase Price or Number of Shares	  	22
			
	Section 13.	  	Consolidation, Merger or Sale or Transfer of Assets or Earning Power	  	22
			
	Section 14.	  	Fractional Rights and Fractional Shares	  	24
			
	Section 15.	  	Rights of Action	  	26
			
	Section 16.	  	Agreement of Right Holders	  	26
			
	Section 17.	  	Right Certificate Holder Not Deemed a Stockholder	  	27
			
	Section 18.	  	Concerning the Rights Agent	  	27
			
	Section 19.	  	Merger or Consolidation or Change of Name of Rights Agent	  	28
			
	Section 20.	  	Duties of Rights Agent	  	28
			
	Section 21.	  	Change of Rights Agent	  	30
			
	Section 22.	  	Issuance of New Right Certificates	  	31

  

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	Section 23.	  	Redemption	  	31
			
	Section 23A	  	Exchange	  	32
			
	Section 24.	  	Notice of Certain Events	  	33
			
	Section 25.	  	Notices	  	34
			
	Section 26.	  	Supplements and Amendments	  	34
			
	Section 27.	  	Successors	  	35
			
	Section 28.	  	Determinations and Actions by the Board of Directors, etc	  	35
			
	Section 29.	  	Benefits of this Agreement	  	36
			
	Section 30.	  	Severability	  	36
			
	Section 31.	  	Governing Law	  	36
			
	Section 32.	  	Counterparts	  	36
			
	Section 33.	  	Descriptive Headings	  	36
		
	Exhibit A—Certificate of Designation, Preferences and Rights	  	
	Exhibit B—Form of Right Certificate	  	
	Exhibit C—Form of Summary of Rights	  	

  

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 RIGHTS AGREEMENT 
 RIGHTS AGREEMENT, dated as of [                    ], 2007 (the “Agreement”), between WABCO Holdings Inc.,
a Delaware corporation (the “Company”), and The Bank of New York (the “Rights Agent”). 
 W I T N E S S E T H :

 WHEREAS, the Board of Directors of the Company has authorized and declared a dividend of one Right for each share of Common Stock, par
value $.01 per share, of the Company outstanding at the Close of Business on [                    ], 2007 (the “Record Date”), each Right
representing the right to purchase one one-hundredth (1/100th) of a share of Junior Participating Cumulative Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the form of Certificate of
Designation attached hereto as Exhibit A, and has further authorized the issuance of one Right with respect to each share of Common Stock of the Company that shall become outstanding between the Record Date and the earliest of the
Distribution Date, the Expiration Date and the Final Expiration Date (as such terms are hereinafter defined); 
 NOW, THEREFORE, in
consideration of the premises and the mutual agreements herein set forth, the parties hereby agree as follows: 
 Section 1. Certain
Definitions. For purposes of this Agreement, the following terms have the meanings indicated: 
 (a) “Acquiring Person” shall
mean any Person who or which, together with all Affiliates and Associates of such Person, shall be the Beneficial Owner of 15% or more of the Common Stock of the Company then outstanding, but shall not include (i) the Company, (ii) any
Subsidiary of the Company, or (iii) any employee benefit plan of the Company or any of its Subsidiaries or any Person organized, appointed or established by the Company or such Subsidiary as a fiduciary for or pursuant to the terms of any such
employee benefit plan. Notwithstanding the foregoing, (x) no Person shall become an “Acquiring Person” as a result of an acquisition of Common Stock by the Company which, by reducing the number of shares of Common Stock outstanding,
increases the proportionate number of shares Beneficially Owned by such Person to 15% or more of the Common Stock of the Company then outstanding, provided, however, that if a Person shall become the Beneficial Owner of 15% or more of
the Common Stock of the Company by reason of share purchases by the Company and, after such share purchases by the Company, shall become the Beneficial Owner of any additional Common Stock of the Company other than as a direct or indirect result of
any corporate action taken by the Company, then such Person shall be deemed to be an “Acquiring Person”, and (y) if the Board of Directors of the Company determines in good faith that a Person who would otherwise be an “Acquiring
Person”, as defined pursuant to the foregoing provisions of this Section 1(a), has become such inadvertently (including, without limitation, because (i) such Person was unaware that it Beneficially Owned 15% or more of the Common
Stock of the Company or (ii) such Person was aware of the extent of such Beneficial Ownership but such Person acquired Beneficial Ownership of such shares of Common Stock without the intention to change or 

 
influence the control of the Company and without actual knowledge of the consequences of such Beneficial Ownership under this Rights Agreement), and such
Person divests itself as promptly as practicable of a sufficient number of shares of Common Stock so that such Person would no longer be an “Acquiring Person”, as defined pursuant to the foregoing provisions of this Section 1(a), then
such Person shall not be deemed to be, or have been, an “Acquiring Person” for any purposes of this Agreement, and no Stock Acquisition Time shall be deemed to have occurred. All questions as to whether a Person who would otherwise be a
Acquiring Person has become such inadvertently shall be determined in good faith by the Board of Directors of the Company, which determination shall be conclusive. 
 (b) “Adjustment Shares” shall have the meaning set forth in Section 11(a)(ii). 
 (c)
“Affiliate” and “Associate,” when used with reference to any Person, shall have the respective meanings ascribed to such terms in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), as in effect on the Record Date. 
 (d) A Person shall be deemed the “Beneficial Owner” of
and shall be deemed to “beneficially own” any securities: 
 (i) which such Person or any of such Person’s
Affiliates or Associates, directly or indirectly, has the right to vote or dispose of, including pursuant to any agreement, arrangement or understanding (whether or not in writing); provided, however, that a Person shall not be deemed
the Beneficial Owner of, or to beneficially own, any security if the agreement, arrangement or understanding to vote such security (1) arises solely from a revocable proxy given to such Person in response to a public proxy or consent
solicitation made pursuant to, and in accordance with, the applicable rules and regulations of the Exchange Act and (2) is not also then reportable on Schedule 13D under the Exchange Act (or any comparable or successor report); 
 (ii) which such Person or any of such Person’s Affiliates or Associates has the right to acquire (whether such right is exercisable
immediately or only after the passage of time) pursuant to any agreement, arrangement or understanding (whether or not in writing), or upon the exercise of conversion rights, exchange rights, rights (other than these Rights), warrants or options, or
otherwise, provided, however, that a Person shall not be deemed the Beneficial Owner of, or to beneficially own, (A) securities tendered pursuant to a tender or exchange offer made by or on behalf of such Person or any of such
Person’s Affiliates or Associates until such tendered securities are accepted for purchase or exchange, or (B) securities issuable upon exercise of Rights at any time prior to the occurrence of either a Section 11(a)(ii) Event or a
Section 13 Event, or (C) securities issuable upon exercise of Rights from and after the occurrence of either a Section 11(a)(ii) Event or a Section 13 Event, which Rights were acquired by such Person or any of such Person’s
Affiliates or Associates prior to the Distribution Date or pursuant to Section 3(a) or Section 22 hereof (the 

  

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“Original Rights”) or pursuant to Section 11(i) hereof in connection with an adjustment made with respect to any Original Rights; or

 (iii) which are beneficially owned, directly or indirectly, by any other Person (or any Affiliate or Associate thereof)
with which such Person or any of such Person’s Affiliates or Associates has any agreement, arrangement or understanding (whether or not in writing) for the purpose of acquiring, holding, voting (except pursuant to a revocable proxy as described
in subparagraph (i) of this paragraph (d)) or disposing of any securities of the Company in a manner that relates or is reasonably likely potentially to relate to influencing the control or management of the Company; 
 provided, however, that nothing in this paragraph (d) shall cause a person engaged in business as an underwriter of securities to be the Beneficial
Owner of, or to beneficially own, any securities acquired through such person’s participation in good faith in a firm commitment underwriting until the expiration of forty days after the date of such acquisition. 
 (e) “Business Day” shall mean any day other than a Saturday, Sunday or a day on which banking institutions in the State of New York are
authorized or obligated by law or executive order to close. 
 (f) “Certificate of Designation” shall mean the Certificate of
Designation of Junior Participating Cumulative Preferred Stock setting forth the powers, preferences, rights, qualifications, limitations and restrictions of such series of preferred stock of the Company, a form of which is attached hereto as
Exhibit A. 
 (g) “Close of Business” on any given date shall mean 5:00 P.M., New York City time, on such date;
provided, however, that if such date is not a Business Day it shall mean 5:00 P.M., New York City time, on the next succeeding Business Day. 
 (h) “Common Stock” when used with reference to the Company shall mean the Common Stock, par value $.01 per share, of the Company. “Common Stock” when used with reference to any Person other than
the Company which is organized in corporate form shall mean the capital stock with the greatest voting power, or the equity securities or other equity interest having power to control or direct the management, of such Person, or, if such Person is a
Subsidiary of another Person, the capital stock with the greatest voting power of the Person which ultimately controls such first-mentioned Person. “Common Stock” when used with reference to any Person which is not organized in corporate
form shall mean units of beneficial interest which (i) shall represent the right to participate generally in the profits and losses of such Person (including, without limitation, any flow-through tax benefits resulting from an ownership
interest in such Person) and which (ii) shall be entitled to exercise the greatest voting power of such Person or, in the case of a limited partnership, shall have the power to remove the general partner or partners. 
 (i) “Common Stock Equivalents” shall have the meaning set forth in Section 11(a)(iii). 
  

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 (j) “Company” shall have the meaning set forth in the first paragraph of this Agreement.

 (k) “Current Market Price” shall have the meaning set forth in Section 11(d). 
 (l) “Current Value” shall have the meaning set forth in Section 11(a)(iii). 
 (m) “Distribution Date” shall have the meaning specified in Section 3(a). 
 (n) “Equivalent Preference Stock” shall have the meaning set forth in Section 11(b). 
 (o) “Expiration Date” shall have the meaning specified in Section 7(a). 
 (p) “Final Expiration Date” shall have the meaning specified in Section 7(a). 
 (q) “NYSE” shall have the meaning set forth in Section 11(d). 
 (r) “Outside Directors” shall have the meaning set forth in Section 11(a)(ii). 
 (s) “Person” shall mean any individual, firm, corporation, partnership, trust or other entity, and shall include any successor (by merger or
otherwise) of such entity. 
 (t) “Preferred Stock” shall mean shares of Junior Participating Cumulative Preferred Stock, par
value $.01 per share, of the Company, having the rights, preferences and limitations set forth in the form of Certificate of Designation attached to this Agreement as Exhibit A, and, to the extent there are not a sufficient number of shares
of Junior Participating Cumulative Preferred Stock authorized to permit the full exercise of the then outstanding Rights, any other series of preferred stock of the Company designated for such purpose by the Board of Directors of the Company
containing terms substantially similar to the terms of the Junior Participating Cumulative Preferred Stock. 
 (u) “Principal
Party” shall have the meaning set forth in Section 13(b). 
 (v) “Purchase Price” shall have the meaning set forth in
Section 4(a). 
 (w) “Record Date” shall have the meaning set forth in the WHEREAS clause at the beginning of this Agreement.

 (x) “Redemption Price” shall have the meaning set forth in Section 23(a). 
 (y) “Right” shall have the meaning set forth in the WHEREAS clause at the beginning of this Agreement. 
 (z) “Right Certificate” shall have the meaning set forth in Section 3(a). 
  

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 (aa) “Rights Agent” shall have the meaning set forth in the first paragraph of this Agreement.

 (bb) “Section 11(a)(ii) Event” shall have the meaning set forth in Section 11(a)(ii). 
 (cc) “Section 11(a)(ii) Trigger Date” shall have the meaning set forth in Section 11(a)(iii). 
 (dd) “Section 13 Event” shall have the meaning set forth in Section 13(a). 
 (ee) “Spread” shall have the meaning set forth in Section 11(a)(iii). 
 (ff) “Stock Acquisition Time” shall mean the time of occurrence of the first public announcement by the Company that an Acquiring Person has
become such. 
 (gg) “Subsidiary” shall mean, with respect to any Person, any corporation or other entity of which securities or
other ownership interests having ordinary voting power sufficient, in the absence of contingencies, to elect a majority of the board of directors or other persons performing similar functions are at the time beneficially owned, directly or
indirectly, by such Person or otherwise controlled by such Person. 
 (hh) “Substitution Period” shall have the meaning set forth
in Section 11(a)(iii). 
 (ii) “Summary of Rights” shall have the meaning set forth in Section 3(b). 
 (jj) “Trading Day” shall have the meaning set forth in Section 11(d). 
 Section 2. Appointment of Rights Agent. The Company hereby appoints the Rights Agent to act as agent for the Company in accordance with the
terms and conditions hereof, and the Rights Agent hereby accepts such appointment. The Company may from time to time appoint such Co-Rights Agents as it may deem necessary or desirable. Any actions which may be taken by the Rights Agent pursuant to
the terms of this Agreement may be taken by any such Co-Rights Agent. 
 Section 3. Issue of Right Certificates. (a) Until
the earlier of the Close of Business on (i) the tenth Business Day after the Stock Acquisition Time, or (ii) the tenth Business Day, or such specified or unspecified later date as may be determined by action of the Board of Directors of
the Company, after the date of the commencement of (as determined by reference to Rule 14d-2(a), as now in effect under the Exchange Act), or first public announcement of the intent of any Person (other than the Company, any Subsidiary of the
Company, any employee benefit plan of the Company or of any Subsidiary of the Company, or any Person organized, appointed or established by the Company or such Subsidiary as a fiduciary pursuant to the terms of any such employee benefit plan) to
commence (which intention to commence remains in effect for five Business Days after such announcement), a tender or exchange offer for an amount of Common Stock of the Company which, together with 

  

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the shares of such stock already owned by such Person, constitutes 15% or more of the outstanding Common Stock of the Company (including any such date which
is after the date of this Agreement and prior to the issuance of the Rights) (the earlier of such dates described in clauses (i) and (ii) above being herein referred to as the “Distribution Date”), (x) the Rights will be
evidenced (subject to the provisions of paragraph (b) or (c) of this Section 3) by the balances indicated in the book-entry account system of the transfer agent for the Common Stock registered in the names of the holders of the Common
Stock (which shares of Common Stock shall also be deemed to represent certificates for Rights) or, in the case of certificated shares, the certificates for the Common Stock registered in the names of the holders of the Common Stock (which
certificates for Common Stock shall also be deemed to be certificates for Rights), and (y) the right to receive Right Certificates will be transferable only in connection with the transfer of the underlying Common Stock. As soon as practicable
after the Distribution Date, the Rights Agent will send, by first class, insured, postage-prepaid mail, to each record holder of Common Stock as of the Close of Business on the Distribution Date, at the address of such holder shown on the records of
the Company, a Right Certificate, in substantially the form of Exhibit B hereto (a “Right Certificate”), evidencing one Right for each share of Common Stock so held, subject to adjustment as provided herein and to the provisions of
Section 14(a). As of the Distribution Date, the Rights will be evidenced solely by such Right Certificates. 
 (b) On the Record Date
or as soon as practicable thereafter, the Company will send a copy of a Summary of Rights to Purchase Preferred Stock, in substantially the form attached hereto as Exhibit C (the “Summary of Rights”), by first-class, postage-prepaid
mail, to each record holder of Common Stock as of the Close of Business on the Record Date, at the address of such holder shown on the records of the Company. With respect to the Common Stock outstanding as of the Record Date, until the earlier of
the Distribution Date or the Expiration Date, the Rights will be evidenced by the balances indicated in the book-entry account system of the transfer agent for the Common Stock or, in the case of certificated shares, such certificates for the Common
Stock and the registered holders of the Common Stock shall also be the registered holders of the associated Rights. Until the earliest of the Distribution Date, the Expiration Date and the Final Expiration Date, the transfer of any shares of Common
Stock outstanding on the Record Date shall also constitute the transfer of the Rights associated with the Common Stock. 
 (c) Rights shall
be issued in respect of all shares of Common Stock issued (or delivered from the Company’s treasury) after the Record Date but prior to the earliest of the Distribution Date, the Expiration Date or the Final Expiration Date and shall bear the
following legends: 
 (i) Confirmation and account statements sent to holders of shares of Common Stock in book-entry form
(which shares of Common Stock shall also be deemed to represent certificates for Rights) shall bear the following legend: 
 The shares of Common Stock, par value $0.01 per share, of WABCO Holdings Inc. (the “Corporation”) entitle the holder thereof to certain Rights as set forth in a Rights Agreement between the Corporation and The Bank of New York,
dated as of [ ], 2007 (the “Rights Agreement”), the terms of 

  

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which are hereby incorporated herein by reference and a copy of which is on file at the principal executive offices of the Corporation. Under certain
circumstances, as set forth in the Rights Agreement, such Rights will be evidenced by separate certificates and will no longer be evidenced by the shares to which this statement relates. The Corporation will mail to the holder of shares to which
this statement relates a copy of the Rights Agreement without charge promptly after receipt of a written request therefor. Under certain circumstances set forth in the Rights Agreement, Rights issued to an Acquiring Person or any Associate or
Affiliate thereof (as such terms are defined in the Rights Agreement) may be null and void. The Rights shall not be exercisable, and shall be void so long as held, by a holder in any jurisdiction where the requisite qualification for the issuance to
such holder, or the exercise by such holder of the Rights in such jurisdiction, shall not have been obtained or be obtainable. 
 With respect to shares of
Common Stock in book-entry form for which there has been sent a confirmation or account statement containing the foregoing legend, until the earlier of (i) the Expiration Date or (ii) the Distribution Date, the Rights associated with the
Common Stock represented by such shares of Common Stock shall be evidenced by such shares of Common Stock alone and registered holders of Common Stock shall also be the registered holders of the associated Rights, and the transfer of any of such
shares of Common Stock shall also constitute the transfer of the Rights associated with such shares of Common Stock. 
 (ii)
In the case of certificated shares, certificates representing shares of Common Stock (which certificates shall also be deemed to be certificates for Rights) shall bear the following legend if such certificates are issued after the Record Date but
prior to the earliest of the Distribution Date, the Expiration Date or the Final Expiration Date: 
 This certificate also evidences and
entitles the holder hereof to certain Rights as set forth in a Rights Agreement between WABCO Holdings Inc. (the “Corporation”) and The Bank of New York, dated as of
[                    ], 2007 (the “Rights Agreement”), the terms of which are hereby incorporated herein by reference and a copy of which
is on file at the principal executive offices of the Corporation. Under certain circumstances, as set forth in the Rights Agreement, such Rights will be evidenced by separate certificates and will no longer be evidenced by this certificate. The
Corporation will mail to the holder of this certificate a copy of the Rights Agreement without charge promptly after receipt of a written request therefor. Under certain circumstances set forth in the Rights Agreement, Rights issued to an Acquiring
Person or any Associate or Affiliate thereof (as such terms are defined in the Rights Agreement) may be null and void. The Rights shall not be exercisable, and shall be void so long as held, by a holder in any jurisdiction where the requisite
qualification for the issuance to such holder, or the exercise by such holder of the Rights in such jurisdiction, shall not have been obtained or be obtainable. 
 With respect to such certificates containing the foregoing legend, until the earlier of (i) the Expiration Date or (ii) the Distribution Date, the Rights associated with the Common Stock represented by such certificates shall be
evidenced by such certificates alone, and the surrender 

  

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for transfer of any of such certificates shall also constitute the transfer of the Rights associated with the Common Stock represented by such certificates.

 Section 4. Form of Right Certificates. (a) The Right Certificates (and the forms of election to purchase shares,
certificate and assignment to be printed on the reverse thereof) shall be substantially in the form set forth in Exhibit B hereto and may have such marks of identification or designation and such legends, summaries or endorsements printed
thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Agreement, or as may be required to comply with any applicable law or with any rule or regulation made pursuant thereto or with any rule or
regulation of any stock exchange on which the Rights may from time to time be listed, or to conform to usage. Subject to the provisions of Sections 11 and 22 hereof, the Right Certificates, whenever distributed, which are distributed in respect of
shares of Common Stock which were issued and outstanding as of the Record Date, shall be dated as of the Record Date, on their face shall entitle the holders thereof to purchase such number of one one-hundredths of a share of Preferred Stock as
shall be set forth therein at the price per one one-hundredth of a share of Preferred Stock set forth therein (the “Purchase Price”), but the number and type of securities purchasable upon the exercise of each Right and the Purchase Price
thereof shall be subject to adjustment as provided in this Agreement. 
 (b) Any Right Certificate issued pursuant to Section 3(a) or
Section 22 hereof that represents Rights beneficially owned by: (i) an Acquiring Person or any Associate or Affiliate of an Acquiring Person, (ii) a transferee of an Acquiring Person (or of any such Associate or Affiliate) who becomes
a transferee after the Acquiring Person becomes such, or (iii) a transferee of an Acquiring Person (or of any such Associate or Affiliate) who becomes a transferee prior to or concurrently with the Acquiring Person becoming such and receives
such Rights pursuant to either (A) a transfer (whether or not for consideration) from the Acquiring Person to holders of equity interests in such Acquiring Person or to any Person with whom the Acquiring Person has any continuing agreement,
arrangement or understanding regarding the transferred Rights or (B) a transfer which the Board of Directors of the Company has determined is part of a plan, arrangement or understanding (whether or not in writing) which has as a primary
purpose or effect the avoidance of the provisions of Section 7(e), Section 11(a)(ii) or of Section 13 with respect to the limitation of the Rights beneficially owned by an Acquiring Person (or any Associate or Affiliate thereof), and
any Right Certificate issued pursuant to Section 6 or Section 11 hereof upon transfer, exchange, replacement or adjustment of any other Right Certificate referred to in this sentence, shall contain (to the extent feasible) the following
legend modified as necessary to apply to such Person: 
 The Rights represented by this Certificate are or were beneficially owned by a Person
who was or became an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement). Accordingly, this Certificate and the Rights represented hereby may become null and void in the circumstances specified
in Section 7(e) of the Rights Agreement. 
 Section 5. Countersignature and Registration. (a) The Right Certificates
shall be executed on behalf of the Company manually or by facsimile signature by the Chairman of the Board, the Chief Executive Officer or any Vice President and have affixed thereto the Company’s seal or a facsimile thereof which shall be
attested by the Secretary, the Acting 

  

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Secretary or any Assistant Secretary, either manually or by facsimile signature. The Right Certificates shall be countersigned by the Rights Agent manually
and shall not be valid for any purpose unless so countersigned. In case any officer of the Company who shall have signed any of the Right Certificates shall cease to be such officer of the Company before countersignature by the Rights Agent and
issuance and delivery by the Company, such Right Certificates, nevertheless, may be countersigned by the Rights Agent, and issued and delivered by the Company with the same force and effect as though the person who signed such Right Certificates had
not ceased to be such officer of the Company; and any Right Certificate may be signed on behalf of the Company by any person who, at the actual date of the execution of such Right Certificate, shall be a proper officer of the Company to sign such
Right Certificate, although at the date of the execution of this Rights Agreement any such person was not such an officer. 
 (b) Following
the Distribution Date, the Rights Agent will keep or cause to be kept, at its principal office in New York, New York, books for registration and transfer of the Right Certificates issued hereunder. Such books shall show the names and addresses of
the respective holders of the Right Certificates, the number of Rights evidenced on its face by each of the Right Certificates and the date and certificate number of each of the Right Certificates. 
 Section 6. Transfer, Split Up, Combination and Exchange of Right Certificates; Mutilated, Destroyed, Lost or Stolen Right Certificates.
(a) Subject to the provisions of Sections 4(b), 7(e) and 14 hereof, at any time after the Close of Business on the Distribution Date, and at or prior to the Close of Business on the earlier of the Expiration Date and the Final Expiration Date,
any Right Certificate or Right Certificates may be transferred, split up, combined or exchanged for another Right Certificate or Right Certificates, entitling the registered holder to purchase a like number of shares of Preferred Stock (or other
securities, cash, and/or assets, as the case may be) as the Right Certificate or Right Certificates surrendered then entitled such holder to purchase. Any registered holder desiring to transfer, split up, combine or exchange any Right Certificate
shall make such request in writing delivered to the Rights Agent, and shall surrender the Right Certificate or Right Certificates to be transferred, split up, combined or exchanged, with the form of assignment and certificate appropriately executed,
at the principal office of the Rights Agent in New York, New York. Neither the Rights Agent nor the Company shall be obligated to take any action whatsoever with respect to the transfer of any such surrendered Right Certificate or Right Certificates
until the registered holder shall have completed and signed the certificate contained in the form of assignment on the reverse side of such Right Certificate or Right Certificates and shall have provided such additional evidence of the identity of
the Beneficial Owner (or former Beneficial Owner) or Affiliates or Associates thereof as the Company shall reasonably request. Thereupon the Rights Agent shall countersign and deliver to the Person entitled thereto a Right Certificate or Right
Certificates, as the case may be, as so requested. The Company may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer, split up, combination or exchange of any Right
Certificates. 
 (b) Upon receipt by the Company and the Rights Agent of evidence reasonably satisfactory to them of the loss, theft,
destruction or mutilation of a Right Certificate, and, in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to them, and, if requested by the Company, reimbursement to the Company and the Rights Agent of all
reasonable expenses incidental thereto, and upon surrender to the Rights Agent and cancellation 

  

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of the Right Certificate if mutilated, the Company will execute and deliver a new Right Certificate of like tenor to the Rights Agent for counter-signature
and delivery to the registered owner in lieu of the Right Certificate so lost, stolen, destroyed or mutilated. 
 Section 7. Exercise
of Rights; Purchase Price; Expiration Date of Rights. (a) Subject to Section 7(e) hereof, the registered holder of any Right Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein) in whole or in
part at any time after the Distribution Date upon surrender of the Right Certificate, with the form of election to purchase and certificate on the reverse side thereof duly executed, to the Rights Agent at the principal office of the Rights Agent in
New York, New York, together with payment of the Purchase Price for each one one-hundredth of a share of Preferred Stock as to which the Rights are exercised, at or prior to the earliest of (i) the Close of Business on
[                    ], 2017 (the “Final Expiration Date”), (ii) the time at which the Rights are redeemed as provided in
Section 23, (iii) the time at which the Rights are exchanged as provided in Section 23A, or (iv) the time at which the Rights expire pursuant to Section 13(d) (such earliest time being herein referred to as the
“Expiration Date”). 
 (b) The Purchase Price for each one one-hundredth of a share of Preferred Stock issued pursuant to the
exercise of a Right shall initially be $[ ], shall be subject to adjustment from time to time as provided in Sections 11 and 13 hereof and shall be payable in lawful money of the United States of America in accordance with paragraph (c) below.

 (c) Upon receipt of a Right Certificate representing exercisable Rights, with the form of election to purchase and certificate duly
executed, accompanied by payment (by certified check or bank draft payable to the order of the Company) of the Purchase Price for the Preferred Stock (or other shares, securities, cash or other assets, as the case may be) to be purchased and an
amount equal to any applicable transfer tax required to be paid by the holder of the Rights pursuant hereto in cash, or by certified check or bank draft payable to the order of the Company, the Rights Agent shall, subject to Section 20(k)
hereof, thereupon promptly (i) (A) requisition from any transfer agent of the Preferred Stock (or make available, if the Rights Agent is the transfer agent) certificates for the number of one one-hundredths of a share of Preferred Stock to
be purchased (and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests), or (B) if the Company shall have elected to deposit the total number of shares of Preferred Stock issuable upon exercise of the
Rights hereunder with a depositary agent, requisition from the depositary agent depositary receipts representing such number of one one-hundredths of a share of Preferred Stock as are to be purchased (in which case certificates for the shares of
Preferred Stock represented by such receipts shall be deposited by the transfer agent with the depositary agent) and the Company hereby directs the depositary agent to comply with such request, (ii) when appropriate, requisition from the
Company the amount of cash to be paid in lieu of issuance of fractional shares in accordance with Section 14, (iii) after receipt of such certificates or depositary receipts, cause the same to be delivered to or upon the order of the
registered holder of such Right Certificate, registered in such name or names as may be designated by such holder, and (iv) when appropriate, after receipt, promptly deliver such cash to or upon the order of the registered holder of such Right
Certificate. In the event that the Company is obligated to issue other securities of the Company, pay cash and/or distribute other property pursuant to Section 11(a) hereof, the Company will make all 

  

 10 

 
arrangements necessary so that such other securities, cash and/or other property are available for distribution by the Rights Agent, if and when appropriate.

 (d) In case the registered holder of any Right Certificate shall exercise less than all the Rights evidenced thereby, a new Right
Certificate evidencing Rights equivalent to the Rights remaining unexercised shall be issued by the Rights Agent and delivered to the registered holder of such Right Certificate or to his duly authorized assigns, subject to the provisions of
Section 14 hereof. 
 (e) Notwithstanding anything in this Agreement to the contrary, from and after the first occurrence of a
Section 11(a)(ii) Event, any Rights beneficially owned by (i) an Acquiring Person or an Associate or Affiliate of an Acquiring Person, (ii) a transferee of any such Acquiring Person (or of any such Associate or Affiliate) who becomes
a transferee after such Acquiring Person becomes such, or (iii) a transferee of any such Acquiring Person (or of any such Associate or Affiliate) who becomes a transferee prior to or concurrently with such Acquiring Person becoming such and
receives such Rights pursuant to either (A) a transfer (whether or not for consideration) from such Acquiring Person to holders of equity interests in such Acquiring Person or to any Person with whom such Acquiring Person has any continuing
agreement, arrangement or understanding regarding the transferred Rights or (B) a transfer which the Board of Directors of the Company has determined is part of a plan, arrangement or understanding which has as a primary purpose or effect the
avoidance of this Section 7(e), shall become null and void without any further action and no holder of such Rights shall have any rights whatsoever with respect to such Rights, whether under any provision of this Agreement or otherwise. The
Company shall use all reasonable efforts to ensure that the provisions of this Section 7(e) and Section 4(b) hereof are complied with but shall have no liability to any holder of Right Certificates or any other Person as a result of its
failure to make any determination with respect to an Acquiring Person or any of its respective Affiliates, Associates or transferees hereunder. 
 (f) Notwithstanding anything in this Agreement to the contrary, neither the Rights Agent nor the Company shall be obligated to undertake any action with respect to a registered holder of any Right Certificate upon the occurrence of any
purported transfer or exercise as set forth in this Section 7 unless such registered holder shall have (i) completed and signed the certificate following the form of assignment or election to purchase set forth on the reverse side of the
Right Certificate surrendered for such assignment or exercise, and (ii) provided such additional evidence of the identity of the Beneficial Owner (or former Beneficial Owner) or Affiliates or Associates thereof as the Company shall reasonably
request. 
 Section 8. Cancellation and Destruction of Right Certificates. All Right Certificates surrendered for the purpose of
exercise, transfer, split up, combination or exchange shall, if surrendered to the Company or to any of its agents, be delivered to the Rights Agent for cancellation or in cancelled form, or, if surrendered to the Rights Agent, shall be cancelled by
it, and no Right Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Rights Agreement. The Company shall deliver to the Rights Agent for cancellation and retirement, and the Rights Agent shall
so cancel and retire, any other Right Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. The Rights Agent shall deliver all cancelled Right Certificates to the Company, or shall, at the written 

  

 11 

 
request of the Company, destroy such cancelled Right Certificates, and in such case shall deliver a certificate of destruction thereof to the Company.

 Section 9. Reservation and Availability of Capital Stock. (a) The Company covenants and agrees that it will cause to be
reserved and kept available out of its authorized and unissued shares of Preferred Stock or any authorized and issued shares of Preferred Stock held in its treasury (and will use its best efforts, following the occurrence of a Section 11(a)(ii)
Event, to cause to be reserved and kept available out of its authorized and unissued shares of Common Stock and/or other securities or out of its authorized and issued shares of Common Stock and/or other securities held in its treasury), the number
of shares of Preferred Stock (and, following the occurrence of a Section 11(a)(ii) Event, Common Stock and/or other securities) that will be sufficient to permit the exercise in full of all outstanding Rights. 
 (b) So long as the shares of Preferred Stock and Common Stock and/or other securities issuable and deliverable upon the exercise of the Rights may be
listed on any national securities exchange, the Company shall use its best efforts to cause, from and after such time as the Rights become exercisable, all shares reserved for such issuance to be listed on such exchange upon official notice of
issuance upon such exercise. 
 (c) The Company shall use its best efforts to (i) file, as soon as practicable following the earliest
date after the first occurrence of a Section 11(a)(ii) Event on which the consideration to be delivered by the Company upon exercise of the Rights has been determined in accordance with Section 11(a)(iii) hereof, or as soon as is required
by law following the Distribution Date, as the case may be, a registration statement under the Securities Act of 1933, as amended (the “Act”), with respect to the securities purchasable upon exercise of the Rights on an appropriate form,
(ii) cause such registration statement to become effective as soon as practicable after such filing, and (iii) cause such registration statement to remain effective (with a prospectus at all times meeting the requirements of the Act) until
the earlier of (A) the date as of which the Rights are no longer exercisable for such securities, and (B) the date of the expiration of the Rights. The Company will also take such action as may be appropriate under, or to ensure compliance
with, the securities or “blue sky” laws of the various states in connection with the exercisability of the Rights. The Company may, acting by resolution of its Board of Directors, temporarily suspend, for a period of time not to exceed
ninety (90) days after the date set forth in clause (i) of the first sentence of this Section 9(b), the exercisability of the Rights in order to prepare and file such registration statement and permit it to become effective. Upon any
such suspension, the Company shall issue a public announcement stating that the exercisability of the Rights has been temporarily suspended, as well as a public announcement at such time as the suspension is no longer in effect. Notwithstanding any
provision of this Agreement to the contrary, the Rights shall not be exercisable in any jurisdiction unless the requisite qualification in such jurisdiction shall have been obtained. 
 (d) The Company covenants and agrees that it will take all such action as may be necessary to ensure that all one one-hundredths of a share of Preferred
Stock (and, following the occurrence of a Section 11(a)(ii) Event, Common Stock and/or other securities) delivered upon exercise of Rights shall, at the time of delivery of the certificates for such shares (subject to payment of the Purchase
Price), be duly and validly authorized and issued and fully paid and nonassessable shares. 
  

 12 

 (e) The Company further covenants and agrees that it will pay when due and payable any and all federal
and state transfer taxes and charges which may be payable in respect of the issuance or delivery of the Right Certificates or of any shares of Preferred Stock (or shares of Common Stock and/or other securities, as the case may be) upon the exercise
of Rights. The Company shall not, however, be required to pay any transfer tax which may be payable in respect of any transfer or delivery of Right Certificates to a person other than, or the issuance or delivery of certificates or depositary
receipts or entries in the book-entry account system of the transfer agent for a number of one one-hundredths of a share of Preferred Stock (or shares of Common Stock and/or other securities, as the case may be), in a name other than that of, the
registered holder of the Right Certificate evidencing Rights surrendered for exercise or to issue or deliver any certificates for shares of Preferred Stock (or Common Stock and/or other securities, as the case may be) or depositary receipts or
entries in the book-entry account system of the transfer agent for Preferred Stock upon the exercise of any Rights until any such tax shall have been paid (any such tax being payable by the holder of such Right Certificate at the time of surrender)
or until it has been established to the Company’s satisfaction that no such tax is due. 
 Section 10. Preferred Stock Record
Date. Each person in whose name any certificate or entry in the book-entry account system of the transfer agent for a number of one one-hundredths of a share of Preferred Stock (or shares of Common Stock and/or other securities, as the case may
be) is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of shares of Preferred Stock (or shares of Common Stock and/or other securities, as the case may be) represented thereby on, and such
certificate or entry in the book-entry account system of the transfer agent shall be dated, the date upon which the Right Certificate evidencing such Rights was duly surrendered and payment of the Purchase Price (and any applicable transfer taxes)
was made; provided, however, that if the date of such surrender and payment is a date upon which the Preferred Stock (or shares of Common Stock and/or other securities, as the case may be) transfer books of the Company are closed, such
person shall be deemed to have become the record holder of such shares (fractional and otherwise) on, and such certificate or entry in the book-entry account system of the transfer agent shall be dated, the next succeeding Business Day on which the
Preferred Stock (or shares of Common Stock and/or other securities, as the case may be) transfer books of the Company are open. Prior to the exercise of the Rights evidenced thereby, the holder of a Right Certificate, as such, shall not be entitled
to any rights of a stockholder of the Company with respect to shares for which the Rights shall be exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and
shall not be entitled to receive any notice of any meetings or other proceedings of the Company, except as provided herein. 
 Section 11. Adjustment of Purchase Price, Number and Kind of Shares or Number of Rights. The Purchase Price, the number and kind of shares, or fractions thereof, covered by each Right and the number of Rights outstanding are
subject to adjustment from time to time as provided in this Section 11. 
 (a) (i) In the event the Company shall at any time after the
date of this Agreement (A) declare a dividend on the Preferred Stock payable in shares of Preferred Stock, (B) subdivide the outstanding Preferred Stock into a greater number of shares, (C) combine or consolidate the outstanding
Preferred Stock into a smaller number of shares, or (D) issue any shares of its capital stock in a reclassification of the Preferred Stock (including any such 

  

 13 

 
reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided
in Section 7(e) and this Section 11(a), the Purchase Price in effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of
Preferred Stock or capital stock, as the case may be, issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive, upon payment of the Purchase Price then in effect,
the aggregate number and kind of shares of Preferred Stock or capital stock, as the case may be, which, if such Right had been exercised immediately prior to such date and at a time when the Preferred Stock transfer books of the Company were open,
he would have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification. 
 If an event occurs which would require an adjustment under both Section 11(a)(i) and Section 11(a)(ii), the adjustment provided for in this Section 11(a)(i) shall be in addition to, and shall be made prior to, any adjustment
required pursuant to Section 11(a)(ii). 
 (ii) In the event (a “Section 11(a)(ii) Event”) that any Person,
alone or together with its Affiliates and Associates, shall become an Acquiring Person, unless the event causing such Person to become an Acquiring Person is a Section 13 Event or is an acquisition of Common Stock of the Company pursuant to a
tender or exchange offer for all outstanding Common Stock of the Company at a price and on terms determined by at least a majority of the members of the Board of Directors of the Company who are not Acquiring Persons or representatives, nominees,
Affiliates or Associates of an Acquiring Person (the “Outside Directors”), after receiving advice from one or more investment banking firms, to be (A) at a price which is fair to stockholders (taking into account all factors which
such Outside Directors deem relevant, including, without limitation, prices which could reasonably be achieved if the Company or its assets were to be sold on an orderly basis designed to realize maximum value) and (B) otherwise in the best
interests of the Company and its stockholders, then proper provision shall be made so that each holder of a Right (except as provided below and in Section 7(e) hereof), shall thereafter have the right to receive, upon exercise thereof following
the Distribution Date at the then current Purchase Price in accordance with the terms of this Agreement, in lieu of a number of one-hundredths of a share of Preferred Stock, such number of shares of Common Stock of the Company as shall equal the
result obtained by (x) multiplying the then current Purchase Price by the then number of one one-hundredths of a share of Preferred Stock for which a Right was exercisable immediately prior to the first occurrence of such Section 11(a)(ii)
Event, whether or not such Right was then exercisable, and (y) dividing that product (which, following such first occurrence, shall thereafter be referred to as the “Purchase Price” for each Right and for all purposes of this
Agreement) by 50% of the Current Market Price per share of the Common Stock of the Company (determined pursuant to Section 11(d)) on the date of the occurrence of such Section 11(a)(ii) Event (such number of shares being hereinafter
referred to as the “Adjustment Shares”). The Company shall notify the Rights Agent as to any Persons who are deemed by the Company to be Acquiring Persons or Associates, Affiliates or transferees (as described in 

  

 14 

 
subparagraphs (ii) and (iii) of Section 7(e)) of such Persons and shall identify any Rights pertaining thereto. 
 (iii) In lieu of issuing shares of Common Stock of the Company in accordance with Section 11(a)(ii) hereof, the Company, acting by
resolution of its Board of Directors, may (and, in the event that the number of shares of Common Stock which are authorized by the Company’s Certificate of Incorporation but not outstanding or reserved for issuance for purposes other than upon
exercise of the Rights are not sufficient to permit the exercise in full of the Rights in accordance with Section 11(a)(ii), the Company, acting by resolution of its Board of Directors, shall) : (A) determine the excess of (1) the value of
the Adjustment Shares issuable upon the exercise of a Right (the “Current Value”), over (2) the Purchase Price attributable to each Right (such excess, the “Spread”) and (B) with respect to each Right (subject to
Section 7(e)), make adequate provision to substitute for the Adjustment Shares, upon payment of the applicable Purchase Price, (1) cash, (2) a reduction in the Purchase Price, (3) Common Stock or other equity securities of the
Company (including, without limitation, shares, or units of shares, of preferred stock which the Board of Directors of the Company has deemed to have the same value as shares of Common Stock of the Company (such shares or units of preferred stock
hereinafter called “Common Stock Equivalents”)), (4) debt securities of the Company, (5) other assets, or (6) any combination of the foregoing having an aggregate value equal to the Current Value, where such aggregate value
has been determined by action of the Board of Directors of the Company based upon the advice of a nationally recognized investment banking firm selected by the Board of Directors of the Company which has theretofore performed no services for the
Company or any Subsidiary of the Company in the past five years; provided, however, if the Company shall not have made adequate provision to deliver value pursuant to clause (B) above within thirty (30) days following the
later of (x) the first occurrence of a Section 11(a)(ii) Event and (y) the first date that the right to redeem the Rights pursuant to Section 23 hereof, as such date may be amended pursuant to Section 26 hereof, shall expire
(the later of (x) and (y) being referred to herein as the “Section 11(a)(ii) Trigger Date”), then the Company shall be obligated to deliver, upon the surrender for exercise of a Right and without requiring payment of the Purchase
Price, shares of Common Stock of the Company (to the extent available) and then, if necessary, cash, securities and/or assets, that in the aggregate have a value equal to the Spread. If, after the occurrence of a Section 11(a)(ii) Event, the
number of shares of Common Stock that are authorized by the Company’s Certificate of Incorporation but not outstanding or reserved for issuance for purposes other than upon exercise of the Rights are not sufficient to permit exercise in full of
the Rights in accordance with Section 11(a)(ii) hereof and the Company, acting by resolution of its Board of Directors, shall determine in good faith that it is likely that sufficient additional shares of Common Stock could be authorized for
issuance upon exercise in full of the Rights, the thirty (30) day period set forth above may be extended to the extent necessary, but not more than ninety (90) days after the Section 11(a)(ii) Trigger Date, in order that the Company
may seek stockholder approval for the authorization of such additional shares (such period 

  

 15 

 
as it may be extended, the “Substitution Period”). To the extent that the Company determines that some action is to be taken pursuant to the terms
of this Section 11(a)(iii), the Company (x) shall provide, subject to Section 7(e), that such action shall apply uniformly to all outstanding Rights, and (y) may suspend the exercisability of the Rights until the expiration of
the Substitution Period in order to seek such stockholder approval for the authorization of additional shares and/or to decide the appropriate form of distribution to be made pursuant to the first sentence of this Section 11(a)(iii) and to
determine the value thereof. In the event of any such suspension, the Company shall issue a public announcement stating that the exercisability of the Rights has been temporarily suspended, as well as a public announcement at such time as the
suspension is no longer in effect. For purposes of this Section 11(a)(iii), the value of the Common Stock shall be the Current Market Price per share of Common Stock (as determined pursuant to Section 11(d)) on the date of the first
occurrence of the Section 11(a)(ii) Event, and the per share or per unit value of any Common Stock Equivalents shall be deemed to equal the Current Market Price per share of the Common Stock of the Company on such date. 
 (b) In the event that the Company shall fix a record date for the issuance of rights, options or warrants to all holders of shares of Preferred Stock
entitling them (for a period expiring within 45 calendar days after such record date) to subscribe for or purchase Preferred Stock (or shares having the same rights, privileges and preferences as the shares of Preferred Stock (“Equivalent
Preference Stock”)) or securities convertible into shares of Preferred Stock or Equivalent Preference Stock at a price per share of Preferred Stock or Equivalent Preference Stock (or having a conversion price per share, if a security
convertible into shares of Preferred Stock or Equivalent Preference Stock) less than the Current Market Price per share of the Preferred Stock (as defined in Section 11(d)) on such record date, the Purchase Price to be in effect after such
record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the number of shares of Preferred Stock outstanding on such record date plus the
number of additional shares of Preferred Stock and/or Equivalent Preference Stock which the aggregate offering price of the total number of such shares so to be offered (and/or the aggregate initial conversion price of the convertible securities so
to be offered) would purchase at such Current Market Price, and the denominator of which shall be the number of shares of Preferred Stock outstanding on such record date plus the number of additional shares of Preferred Stock and/or
Equivalent Preference Stock to be offered for subscription or purchase (or into which the convertible securities so to be offered are initially convertible). In case such subscription price may be paid in a consideration part or all of which shall
be in a form other than cash, the value of such consideration shall be as determined in good faith by the Board of Directors of the Company, whose determination shall be described in a statement filed with the Rights Agent. Preferred Stock owned by
or held for the account of the Company shall not be deemed outstanding for the purpose of any such computation. Such adjustment shall be made successively whenever such a record date is fixed; and in the event that such rights, options or warrants
are not so issued, the Purchase Price shall be adjusted to be the Purchase Price which would then be in effect if such record date had not been fixed. 
  

 16 

 (c) In case the Company shall fix a record date for the making of a distribution to all holders of
Preferred Stock (including any such distribution made in connection with a consolidation or merger in which the Company is the continuing or surviving corporation) of evidences of indebtedness or assets (other than a regular periodic cash dividend
at a rate not in excess of 125% of the rate of the last regular periodic cash dividend theretofore paid or a dividend payable in Preferred Stock) or subscription rights or warrants (excluding those referred to in Section 11(b)), the Purchase
Price to be in effect after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the Current Market Price per share of Preferred Stock
(as defined in Section 11(d)) on such record date, less the fair market value (as determined in good faith by the Board of Directors of the Company, whose determination shall be described in a statement filed with the Rights Agent) of the
portion of the assets or evidences of indebtedness so to be distributed or of such subscription rights or warrants applicable to one share of Preferred Stock, and the denominator of which shall be such Current Market Price per share of Preferred
Stock. Such adjustments shall be made successively whenever such a record date is fixed, and in the event that such distribution is not so made, the Purchase Price shall again be adjusted to be the Purchase Price which would then be in effect if
such record date had not been fixed. 
 (d) (i) For the purpose of any computation hereunder, the “Current Market Price” per share
of Common Stock on any date shall be deemed to be the average of the daily closing prices per share of such Common Stock for the 30 consecutive Trading Days (as such term is hereinafter defined) immediately prior to such date; provided,
however, that in the event that the Current Market Price per share of Common Stock is determined during a period following the announcement by the issuer of such Common Stock of (a) a dividend or distribution on such Common Stock payable
in shares of such Common Stock or securities convertible into such Common Stock or (b) any subdivision, combination or reclassification of such Common Stock, and prior to the expiration of 30 Trading Days after the ex-dividend date for such
dividend or distribution, or the record date for such subdivision, combination or reclassification, as the case may be, then, and in each such case, the “Current Market Price” shall be appropriately adjusted to take into account the
ex-dividend trading. The closing price for each day shall be the last sale price, regular way, or, in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, in either case as reported in the
principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the New York Stock Exchange or, if the shares of Common Stock are not listed or admitted to trading on the New York Stock Exchange, as
reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which the shares of Common Stock are listed or admitted to trading or, if the shares of Common
Stock are not listed or admitted to trading on any national securities exchange, the last quoted price or, if not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported by the New York Stock Exchange
(“NYSE”) or such other system then in use, or, if on any such date the shares of Common Stock are not quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional market maker making a
market in shares of Common Stock selected by the Company, acting by resolution of the Board of Directors of the Company. If on any such date no market maker is making a market in shares of Common Stock, the fair value of such shares on such date as
determined in good faith by the Company, acting by resolution of the Board of Directors of the Company, shall be used. The term “Trading Day” shall mean a day on which the principal 

  

 17 

 
national securities exchange on which the shares of Common Stock are listed or admitted to trading is open for the transaction of business or, if the shares
of Common Stock are not listed or admitted to trading on any national securities exchange but are quoted on NYSE, a day on which NYSE is in operation or if the shares of Common Stock are neither listed or admitted to trading on any national
securities exchange nor quoted on NYSE, a Monday, Tuesday, Wednesday, Thursday or Friday on which banking institutions in the State of New York are not authorized or obligated by law or executive order to close. If the current per share market price
of the Common Stock cannot be determined in the manner provided above, or if the Common Stock is not publicly held or not so listed or traded, “Current Market Price” per share of Common Stock shall mean the fair value per share as
determined in good faith by the Company, acting by resolution of the Board of Directors of the Company, whose determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes. 
 (ii) For the purpose of any computation hereunder, the “Current Market Price” per share of Preferred Stock shall be determined
in the same manner as set forth for the Common Stock in Section 11(d)(i) hereof (other than the last sentence thereof). If the Current Market Price per share of Preferred Stock cannot be determined in the manner provided above or if the
Preferred Stock is not publicly held or listed or traded in a manner described in Section 11(d)(i) hereof, the “Current Market Price” per share of Preferred Stock shall be conclusively deemed to be an amount equal to 100 (as such
number may be appropriately adjusted for such events as stock splits, stock dividends and recapitalizations with respect to the Common Stock occurring after the date of this Agreement) multiplied by the Current Market Price per share of the
Common Stock. If neither the Common Stock nor the Preferred Stock is publicly held or so listed or traded, the “Current Market Price” per share of Preferred Stock shall mean the fair value per share as determined in good faith by the
Company, acting by resolution of its Board of Directors, whose determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes. For all purposes of this Agreement, the “Current Market
Price” of one one-hundredth of a share of Preferred Stock shall be equal to the “Current Market Price” of one share of Preferred Stock divided by 100. 
 (e) Anything herein to the contrary notwithstanding, no adjustment in the Purchase Price shall be required unless such adjustment would require an
increase or decrease of at least 1% in such price; provided, however, that any adjustments which by reason of this Section 11(e) are not required to be made shall be carried forward and taken into account in any subsequent
adjustment. All calculations under this Section 11 shall be made to the nearest cent or to the nearest ten-thousandth of a share of Common Stock or other share or the nearest one-millionth of a share of Preferred Stock, as the case may be.
Notwithstanding the first sentence of this Section 11(e), any adjustment required by this Section 11 shall be made no later than the earlier of (i) three years from the date of the transaction which requires such adjustment or
(ii) the date of the expiration of the right to exercise any Rights. 
 (f) If as a result of an adjustment made pursuant to
Section 11(a) or Section 13(a), the holder of any Right thereafter exercised shall become entitled to receive any shares of capital stock of the Company other than Preferred Stock, thereafter the Purchase Price 

  

 18 

 
and the number of such other shares so receivable upon exercise of any Right and the number of Rights outstanding shall be subject to adjustment from time to
time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Preferred Stock contained in Sections 11(a), (b), (c), (e), (g), (h), (i), (j), (k) and (m) and the provisions of Sections 7, 9, 10, 13
and 14 with respect to the Preferred Stock shall apply on like terms to any such other shares. 
 (g) All Rights originally issued by the
Company subsequent to any adjustment made to the Purchase Price hereunder shall evidence the right to purchase, at the adjusted Purchase Price, the number of one one-hundredths of a share of Preferred Stock purchasable from time to time hereunder
upon exercise of the Rights, all subject to further adjustment as provided herein. 
 (h) Unless the Company shall have exercised its
election as provided in Section 11(i), upon each adjustment of the Purchase Price as a result of the calculations made in Section 11(b) and (c), each Right outstanding immediately prior to the making of such adjustment shall thereafter
evidence the right to purchase, at the adjusted Purchase Price, that number of one one-hundredths of a share of Preferred Stock (calculated to the nearest one-millionth of a share of Preferred Stock) obtained by (i) multiplying
(A) the number of one one-hundredths of a share covered by a Right immediately prior to such adjustment of the Purchase Price by (B) the Purchase Price in effect immediately prior to such adjustment of the Purchase Price and
(ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of the Purchase Price. 
 (i) The Company may elect on or after the date of any adjustment of the Purchase Price to adjust the number of Rights, in substitution for any adjustment in the number of one one-hundredths of a share of Preferred Stock purchasable upon the
exercise of a Right. Each of the Rights outstanding after such adjustment of the number of Rights shall be exercisable for the number of one one-hundredths of a share of Preferred Stock for which a Right was exercisable immediately prior to such
adjustment. Each Right held of record prior to such adjustment of the number of Rights shall become that number of Rights (calculated to the nearest ten-thousandth) obtained by dividing the Purchase Price in effect immediately prior to
adjustment of the Purchase Price by the Purchase Price in effect immediately after adjustment of the Purchase Price. The Company shall make a public announcement of its election to adjust the number of Rights, indicating the record date for the
adjustment, and, if known at the time, the amount of the adjustment to be made. This record date may be the date on which the Purchase Price is adjusted or any day thereafter, but, if the Right Certificates have been issued, shall be at least 10
days later than the date of the public announcement. If Right Certificates have been issued, upon each adjustment of the number of Rights pursuant to this Section 11(i), the Company shall, as promptly as practicable, cause to be distributed to
holders of record of Right Certificates on such record date Right Certificates evidencing, subject to Section 14 hereof, the additional Rights to which such holders shall be entitled as a result of such adjustment, or, at the option of the
Company, shall cause to be distributed to such holders of record in substitution and replacement for the Right Certificates held by such holders prior to the date of adjustment, and upon surrender thereof, if required by the Company, new Right
Certificates evidencing all the Rights to which such holders shall be entitled after such adjustment. Right Certificates so to be distributed shall be issued, executed and countersigned in the manner provided for herein (and may bear, at the option
of the Company, the adjusted Purchase Price) and shall be registered in 

  

 19 

 
the names of the holders of record of Right Certificates on the record date specified in the public announcement. 
 (j) Irrespective of any adjustment or change in the Purchase Price or the number of shares of Preferred Stock, or fraction thereof, issuable upon the
exercise of the Rights, the Right Certificates theretofore and thereafter issued may continue to express the Purchase Price per one one-hundredth of a share and the number of shares which were expressed in the initial Right Certificates issued
hereunder. 
 (k) Before taking any action that would cause an adjustment reducing the Purchase Price below the then par value, if any, of
the one one-hundredths of a share of Preferred Stock issuable upon exercise of the Rights, the Company shall take any corporate action which may, in the opinion of counsel, be necessary in order that the Company may validly and legally issue fully
paid and nonassessable shares of Preferred Stock at such adjusted Purchase Price. 
 (l) In any case in which this Section 11 shall
require that an adjustment in the Purchase Price be made effective as of a record date for a specified event, the Company may elect to defer until the occurrence of such event the issuing to the holder of any Right exercised after such record date
the Preferred Stock, or a fraction thereof, and other capital stock or securities of the Company, if any, issuable upon such exercise over and above the Preferred Stock and other capital stock or securities of the Company, if any, issuable upon such
exercise on the basis of the Purchase Price in effect prior to such adjustment; provided, however, that the Company shall deliver to such holder a due bill or other appropriate instrument evidencing such holder’s right to receive
such additional shares (fractional or otherwise) or securities upon the occurrence of the event requiring such adjustment. 
 (m) Anything
in this Section 11 to the contrary notwithstanding, the Company, acting by resolution of its Board of Directors, shall be entitled to make such reductions in the Purchase Price, in addition to those adjustments expressly required by this
Section 11, as and to the extent that it in its sole discretion shall determine to be advisable in order that any consolidation or subdivision of the Preferred Stock, any issuance wholly for cash of any Preferred Stock at less than the current
market price, any issuance wholly for cash of Preferred Stock or securities which by their terms are convertible into or exchangeable for Preferred Stock, any stock dividends or any issuance of rights, options or warrants referred to herein above in
this Section 11, hereafter made by the Company to holders of its Preferred Stock shall not be taxable to such shareholders. 
 (n) The
Company covenants and agrees that it shall not, at any time after the Distribution Date, (i) consolidate with any other Person (other than a Subsidiary of the Company in a transaction that complies with Section 11(o) hereof),
(ii) merge with or into any other Person (other than a Subsidiary of the Company in a transaction that complies with Section 11(o) hereof), or (iii) sell or transfer (or permit any Subsidiary to sell or transfer), in one transaction
or in a series of related transactions, assets, cash flow or earning power aggregating more than 50% of the assets, cash flow or earning power of the Company and its Subsidiaries (taken as a whole) to any other Person or Persons (other than the
Company and/or any of its Subsidiaries in one or more transactions each of which complies with Section 11(o) hereof), if (x)

  

 20 

 
at the time of or immediately after such consolidation, merger or sale there are any rights, warrants or other instruments or securities outstanding or
agreements in effect that would substantially diminish or otherwise eliminate the benefits intended to be afforded by the Rights or (y) prior to, simultaneously with or immediately after such consolidation, merger or sale, the stockholders of
the Person who constitutes, or would constitute, the “Principal Party” for purposes of Section 13(a) shall have received a distribution of Rights previously owned by such Person or any of its Affiliates and Associates. 
 (o) The Company covenants and agrees that, after the Distribution Date, it will not, except as permitted by Section 23, Section 23A or
Section 26 hereof, take (or permit any Subsidiary to take) any action if at the time such action is taken it is reasonably foreseeable that such action will diminish substantially or eliminate the benefits intended to be afforded by the Rights.

 (p) Anything in this Agreement to the contrary notwithstanding, in the event the Company shall at any time after the date of this
Agreement and prior to the Distribution Date (i) declare or pay any dividend on the Common Stock of the Company payable in such Common Stock or (ii) subdivide the outstanding Common Stock of the Company into a greater number of shares (by
reclassification or otherwise than by payment of dividends in such Common Stock) or (iii) combine or consolidate the outstanding Common Stock of the Company into a smaller number of shares, then in any such case, (x) the number of one
one-hundredths of a share of Preferred Stock purchasable after such event upon proper exercise of each Right shall be determined by multiplying the number of one one-hundredths of a share of Preferred Stock so purchasable immediately prior to such
event by a fraction, the numerator of which is the number of shares of Common Stock of the Company outstanding immediately before such event and the denominator of which is the number of shares of such Common Stock outstanding immediately after such
event and (y) action shall be taken such that each share of Common Stock of the Company outstanding immediately after such event shall have issued with respect to it that number of Rights which each share of such Common Stock outstanding
immediately prior to such event had issued with respect to it. The adjustments provided for in this Section 11(p) shall be made successively whenever such a dividend is declared or paid or such a subdivision, combination or consolidation is
effected. If an event occurs which would require an adjustment under Section 11(a)(ii) and this Section 11(p), the adjustments provided for in this Section 11(p) shall be in addition and prior to any adjustment required pursuant to
Section 11(a)(ii). 
  

 21 

 Section 12. Certificate of Adjusted Purchase Price or Number of Shares. Whenever an
adjustment is made as provided in Sections 11 and 13, the Company shall (a) promptly prepare a certificate setting forth such adjustment, and a brief statement of the facts accounting for such adjustment, (b) promptly file with the Rights
Agent and with each transfer agent for the Common Stock and Preferred Stock a copy of such certificate and (c) mail a brief summary thereof to each holder of a Right Certificate (or if prior to the Distribution Date, to each holder of shares of
Common Stock) in accordance with Section 25 of this Agreement. Notwithstanding the foregoing sentence, the failure of the Company to make such certificates or give such notice shall not affect the validity or the force or effect of the
requirement for such adjustment. The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment therein contained. Any adjustment to be made pursuant to Sections 11 and 13 shall be effective as of the date of the
event giving rise to such adjustment. 
 Section 13. Consolidation, Merger or Sale or Transfer of Assets or Earning Power.
(a) In the event (a “Section 13 Event”) that, following the Stock Acquisition Time, directly or indirectly, (x) the Company shall consolidate with, or merge with and into, any other Person (other than a Subsidiary of the Company
in a transaction which complies with Section 11(o)) and the Company shall not be the surviving or continuing corporation of such merger, consolidation or combination, (y) any Person (other than a Subsidiary of the Company in a transaction
which complies with Section 11(o)) shall consolidate with the Company, or merge with and into the Company, and the Company shall be the surviving or continuing corporation of such merger or consolidation and, in connection therewith, all or
part of the Common Stock shall be changed into or exchanged for stock or other securities of any Person or cash or any other property, or (z) the Company shall sell or otherwise transfer (or one or more of its Subsidiaries shall sell or
otherwise transfer), in one or more transactions, assets, cash flow or earning power aggregating more than 50% of the assets, cash flow or earning power of the Company and its Subsidiaries (taken as a whole and calculated on the basis of the
Company’s most recent regularly prepared financial statement) to any other Person or Persons (other than the Company or any Subsidiary of the Company in one or more transactions each of which complies with Section 11(o)), then, and in each
such case (except as provided in Section 13(d)), proper provision shall be made so that (i) each holder of a Right (except as otherwise provided in Section 7(e)) shall thereafter have the right to receive, upon the exercise thereof at
the then current Purchase Price in accordance with the terms of this Agreement, such number of validly authorized and issued, fully paid, nonassessable and freely tradable shares of Common Stock of the Principal Party (as hereinafter defined), not
subject to any liens, encumbrances, rights of call, rights of first refusal or other adverse claims, as shall be equal to the result obtained by (A) multiplying the then current Purchase Price by the number of one one-hundredths of a share of
Preferred Stock for which a Right was exercisable immediately prior to the first occurrence of a Section 13 Event (or, if a Section 11(a)(ii) Event has occurred prior to the first occurrence of a Section 13 Event, multiplying the
number of one one-hundredths of a share of Preferred Stock for which a Right was exercisable immediately prior to the first occurrence of a Section 11(a)(ii) Event by the Purchase Price in effect immediately prior to such first occurrence), and
dividing that product (which, following the first occurrence of a Section 13 Event, shall be referred to as the “Purchase Price” for each Right and for all purposes of this Agreement) by (B) 50% of the Current Market Price per
share of Common Stock of such Principal Party (determined pursuant to Section 11(d)) on the date of consummation of such merger, consolidation, sale or transfer; (ii) such Principal Party shall thereafter be liable for, and shall assume,
by virtue of such Section 13 

  

 22 

 
Event, all the obligations and duties of the Company pursuant to this Agreement; (iii) the term “Company” shall thereafter be deemed to refer
to such Principal Party, it being specifically intended that the provisions of Section 11 shall apply only to such Principal Party following the first occurrence of a Section 13 Event; (iv) such Principal Party shall take such steps
(including, but not limited to, the reservation of a sufficient number of shares of its Common Stock in accordance with Section 9 hereof) in connection with such consummation as may be necessary to assure that the provisions hereof shall
thereafter be applicable, as nearly as reasonably may be possible, in relation to its Common Stock thereafter deliverable upon the exercise of the Rights; and (v) the provisions of Section 11(a)(ii) hereof shall be of no effect following
the first occurrence of any Section 13 Event. The Company shall not consummate any such merger, consolidation, sale or transfer unless prior thereto the Company and such issuer shall have executed and delivered to the Rights Agent a
supplemental agreement containing the provisions required by this Section 13. 
 (b) “Principal Party” shall mean 

(i) in the case of any transaction described in clause (x) or (y) of the first sentence of Section 13(a) hereof, the
Person that is the issuer of any securities into which shares of Common Stock of the Company are converted in such merger or consolidation, and if no securities are so issued, the Person that is the other party to such merger or consolidation; and

 (ii) in the case of any transaction described in clause (z) of the first sentence of Section 13(a), the Person
that is the party receiving the greatest portion of the assets, cash flow or earning power transferred pursuant to such transaction or transactions; 
 provided, however, that in any such case, (1) if the Common Stock of such Person is not at any time and has not been continuously over the preceding twelve month period registered under Section 12 of the Exchange
Act, and such Person is a direct or indirect Subsidiary of another Person the Common Stock of which is and has been so registered, “Principal Party” shall refer to such other Person; and (2) in case such Person is a Subsidiary,
directly or indirectly, of more than one Person, the Common Stock of two or more of which are and have been so registered, “Principal Party” shall refer to whichever of such Persons is the issuer of the Common Stock having the greatest
aggregate market value. 
 (c) The Company shall not consummate any Section 13 Event unless the Principal Party shall have a sufficient
number of shares of authorized Common Stock which have not been issued or reserved for issuance to permit the exercise in full of the Rights in accordance with this Section 13 and unless prior thereto the Company and such issuer shall have
executed and delivered to the Rights Agent a supplemental agreement containing the provisions set forth in paragraphs (a) and (b) of this Section 13 and further providing that, as soon as practicable after the date of any such
Section 13 Event, the Principal Party will: 
 (i) prepare and file a registration statement under the Act with respect
to the Rights and the securities purchasable upon exercise of the Rights on an appropriate form and will use its best efforts to cause such 

  

 23 

 
registration statement to (A) become effective as soon as practicable after such filing and (B) remain effective (with a prospectus at all times
meeting the requirements of the Act) until the Expiration Date; 
 (ii) take all such other action as may be necessary to
enable the Principal Party to issue the securities purchasable upon exercise of the Rights, including but not limited to the registration or qualification of such securities under all requisite securities laws of jurisdictions of the various states
and the listing of such securities on such exchanges and trading markets as may be necessary or appropriate; and 
 (iii)
deliver to holders of the Rights historical financial statements for the Principal Party and each of its Affiliates which comply in all respects with the requirements for registration on Form 10 under the Exchange Act. 
 The provisions of this Section 13 shall similarly apply to successive mergers or consolidations or sales or other transfers. In the event that a Section 13
Event shall occur at any time after the occurrence of a Section 11(a)(ii) Event, the Rights which have not theretofore been exercised shall thereafter become exercisable in the manner described in Section 13(a). 
 (d) Notwithstanding anything in this Agreement to the contrary, this Section 13 shall not be applicable to a transaction described in subparagraphs
(x) and (y) of Section 13(a) if (i) such transaction is consummated with a Person or Persons who acquired Common Stock of the Company pursuant to a tender offer or exchange offer for all outstanding Common Stock of the Company
which complies with the provisions of Section 11(a)(ii)(A) and (B) (or a wholly owned Subsidiary of any such Person or Persons), (ii) the price per share of Common Stock of the Company offered in such transaction is not less than the
price per share of Common Stock of the Company paid to all holders of Common Stock of the Company whose shares were purchased pursuant to such tender offer or exchange offer and (iii) the form of consideration being offered to the remaining
holders of Common Stock of the Company pursuant to such transaction is the same as the form of consideration paid pursuant to such tender offer or exchange offer. Upon consummation of any such transaction contemplated by this Section 13(d), all
Rights hereunder shall expire. 
 (e) The Company covenants and agrees that it will not, after the Stock Acquisition Time, engage in any
Section 13 Event if at the time of or after such event there are any charter or by-law provisions or any rights, warrants or other instruments outstanding or any other action taken which would diminish or otherwise eliminate the benefits
intended to be afforded by the Rights. 
 Section 14. Fractional Rights and Fractional Shares. (a) The Company shall not be
required to issue fractions of Rights or to distribute Right Certificates which evidence fractional Rights. In lieu of such fractional Rights, there shall be paid to the registered holders of the Right Certificates with regard to which such
fractions of Rights would otherwise be issuable, an amount in cash equal to the same fraction of the current market value of a whole Right. For the purposes of this Section 14(a), the current market value of a whole Right shall be the closing

  

 24 

 
price of the Rights for the Trading Day immediately prior to the date on which such fractional Rights would have been otherwise issuable. The closing price
of the Rights for any day shall be the last sale price, regular way, or, in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated transaction
reporting system with respect to securities listed or admitted to trading on the New York Stock Exchange or, if the Rights are not listed or admitted to trading on the New York Stock Exchange, as reported in the principal consolidated transaction
reporting system with respect to securities listed on the principal national securities exchange on which the Rights are listed or admitted to trading or, if the Rights are not listed or admitted to trading on any national securities exchange, the
last quoted price or, if not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported by NYSE or such other system then in use or, if on any such date the Rights are not quoted by any such organization,
the average of the closing bid and asked prices as furnished by a professional market maker making a market in the Rights (selected by the Company, acting by resolution of its Board of Directors). If on any such date no such market maker is making a
market in the Rights, the fair value of the Rights on such date as determined in good faith by the Company, acting by resolution of its Board of Directors, shall be used. 
 (b) The Company shall not be required to issue fractions of shares of Preferred Stock (other than fractions which are integral multiples of one
one-hundredths of a share of Preferred Stock) upon exercise of the Rights or to distribute certificates or make any entries in the book-entry account system of the transfer agent which evidence fractional shares (other than fractions which are
integral multiples of one one-hundredths of a share of Preferred Stock). Fractions of Preferred Stock in integral multiples of one one-hundredths of a share of Preferred Stock may, at the election of the Company, be evidenced by depositary receipts,
pursuant to an appropriate agreement between the Company and a depositary selected by it, provided that such agreement shall provide that the holders of depositary receipts shall have all the rights, privileges and preferences to which they
are entitled as beneficial owners of the Preferred Stock. In lieu of fractional shares which are not integral multiples of one one-hundredths of a share of Preferred Stock, the Company may pay to the registered holders of Right Certificates at the
time such Right Certificates are exercised as herein provided an amount in cash equal to the same fraction of the current market value of one share of Preferred Stock. For purposes of this Section 14(b), the current market value of a share of
Preferred Stock shall be the closing price of a share of Preferred Stock (as determined pursuant to the second sentence of Section 11(d)(ii)) for the Trading Day immediately prior to the date of such exercise. 
 (c) Following the occurrence of a Section 11(a)(ii) Event or a Section 13 Event, the Company shall not be required to issue fractions of
shares of its Common Stock upon exercise of the Rights or to distribute certificates or make any entries in the book-entry account system of the transfer agent which evidence fractional shares of its Common Stock. In lieu of fractional shares of its
Common Stock, the Company may pay to the registered holders of Right Certificates at the time such Rights are exercised as herein provided an amount in cash equal to the same fraction of the current market value of one share of its Common Stock. For
purposes of this Section 14(c), the current market value of one share of Common Stock of the Company shall be the closing price of one share of Common Stock of the Company (as determined pursuant to Section 11(d)(i)) for the Trading Day
immediately prior to the date of such exercise. 
  

 25 

 (d) The holder of a Right by the acceptance of the Rights expressly waives his right to receive any
fractional Rights or any fractional shares upon exercise of a Right except as permitted by this Section 14. 
 Section 15.
Rights of Action. All rights of action in respect of this Agreement, except the rights of action vested in the Rights Agent pursuant to Section 18, are vested in the respective registered holders of the Right Certificates (and, prior to
the Distribution Date, the registered holders of Common Stock); and any registered holder of any Right Certificate (or, prior to the Distribution Date, of Common Stock), without the consent of the Rights Agent or of any holder of any other Right
Certificate (or, prior to the Distribution Date, of Common Stock), may, in his own behalf and for his own benefit, enforce, and may institute and maintain any suit, action or proceeding against the Company to enforce, or otherwise act in respect of,
his right to exercise the Rights evidenced by such Right Certificate in the manner provided in such Right Certificate and in this Agreement. Without limiting the foregoing or any remedies available to the holders of Rights, it is specifically
acknowledged that the holders of Rights would not have an adequate remedy at law for any breach of this Agreement and will be entitled to specific performance of the obligations hereunder, and injunctive relief against actual or threatened
violations of the obligations of any Person subject to this Agreement. 
 Section 16. Agreement of Right Holders. Every holder of
a Right by accepting such Right consents and agrees with the Company and with every other holder of a Right that: 
 (a) prior to the
Distribution Date, the Rights shall be evidenced by the balances indicated in the book-entry account system of the transfer agent for the Common Stock registered in the names of the holders of the Common Stock (which shares of Common Stock shall
also be deemed to represent certificates for Rights) or, in the case of certificated shares, the certificates for the Common Stock registered in the names of the holders of the Common Stock (which certificates for shares of Common Stock shall also
constitute certificates for Rights) and each Right will be transferable only in connection with the transfer of Common Stock; 
 (b) after
the Distribution Date, the Right Certificates are transferable only on the registry books of the Rights Agent if surrendered at the principal office of the Rights Agent, duly endorsed or accompanied by a proper instrument of transfer and with the
appropriate forms and certificates duly completed and fully executed; 
 (c) subject to sections 6(a) and 7(f) hereof, the Company and the
Rights Agent may deem and treat the Person in whose name the Right Certificate (or, prior to the Distribution Date, the associated balance indicated in the book-entry account system of the transfer agent for the Common Stock or, in the case of
certificated shares, the associated Common Stock certificate) is registered as the absolute owner thereof and of the Rights evidenced thereby (notwithstanding any notations of ownership or writing on the Right Certificates or the associated balance
indicated in the book-entry account system of the transfer agent for the Common Stock or, in the case of certificated shares, the associated Common Stock certificate, made by anyone other than the Company or the Rights Agent) for all purposes
whatsoever, and neither the Company nor the Rights Agent shall be affected by any notice to the contrary; and 
  

 26 

 (d) notwithstanding anything in this Agreement to the contrary, neither the Company nor the Rights Agent
shall have any liability to any holder of a Right or other Person as a result of its inability to perform any of its obligations under this Agreement by reason of any preliminary or permanent injunction or other order, decree or ruling issued by a
court of competent jurisdiction or by a governmental, regulatory or administrative agency or commission, or any statute, rule, regulation or executive order promulgated or enacted by any governmental authority, prohibiting or otherwise restraining
performance of such obligation; provided, however, the Company must use its best efforts to have any such order, decree or ruling lifted or otherwise overturned as soon as possible. 
 Section 17. Right Certificate Holder Not Deemed a Stockholder. No holder, as such, of any Right or Right Certificate shall be entitled to
vote, receive dividends or be deemed for any purpose the holder of one one-hundredth of a share of Preferred Stock or any other securities of the Company which may at any time be issuable on the exercise of the Rights represented thereby, nor shall
anything contained herein or in any Right Certificate be construed to confer upon the holder of any Right or Right Certificate, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any
matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting stockholders (except as provided in Section 24), or to receive
dividends or subscription rights, or otherwise, until the Right or Rights evidenced by such Right Certificate shall have been exercised in accordance with the provisions hereof. 
 Section 18. Concerning the Rights Agent. (a) The Company agrees to pay to the Rights Agent reasonable compensation for all services
rendered by it hereunder and, from time to time, on demand of the Rights Agent, its reasonable expenses and counsel fees and other disbursements incurred in the administration and execution of this Agreement and the exercise and performance of its
duties hereunder. The Company also agrees to indemnify the Rights Agent for, and to hold it harmless against, any loss, liability, or expense, incurred without negligence, bad faith, or willful misconduct on the part of the Rights Agent, for
anything done or omitted by the Rights Agent in connection with the acceptance and administration of this Agreement, including the costs and expenses of defending against any claim of liability in the premises. 
 (b) The Rights Agent shall be protected and shall incur no liability for or in respect of any action taken, suffered or omitted by it in connection with
its administration of this Agreement in reliance upon any Right Certificate or certificate for Preferred Stock or Common Stock or any balance indicated in the book-entry account system of the transfer agent, or for other securities of the Company,
instrument of assignment or transfer, power of attorney, endorsement, affidavit, letter, notice, direction, consent, certificate, statement, or other paper or document believed by it to be genuine and to be signed, executed and, where necessary,
verified or acknowledged, by the proper Person or Persons. 
  

 27 

 Section 19. Merger or Consolidation or Change of Name of Rights Agent. (a) Any
corporation into which the Rights Agent or any successor Rights Agent may be merged or with which it may be consolidated, or any corporation resulting from any merger or consolidation to which the Rights Agent or any successor Rights Agent shall be
a party, or any corporation succeeding to the corporate trust or stock transfer business of the Rights Agent or any successor Rights Agent, shall be the successor to the Rights Agent under this Agreement without the execution or filing of any paper
or any further act on the part of any of the parties hereto; provided, however, that such corporation would be eligible for appointment as a successor Rights Agent under the provisions of Section 21. The purchase of all or
substantially all of the Rights Agent’s assets employed in the performance of transfer agent activities shall be deemed a merger or consolidation for purposes of this Section 19. In case at the time such successor Rights Agent shall
succeed to the agency created by this Agreement, any of the Right Certificates shall have been countersigned but not delivered, any such successor Rights Agent may adopt the countersignature of the predecessor Rights Agent and deliver such Right
Certificates so countersigned; and in case at that time any of the Right Certificates shall not have been countersigned, any successor Rights Agent may countersign such Right Certificates either in the name of the predecessor Rights Agent or in the
name of the successor Rights Agent; and in all such cases such Right Certificates shall have the full force provided in the Right Certificates and in this Agreement. 
 (b) In case at any time the name of the Rights Agent shall be changed and at such time any of the Right Certificates shall have been countersigned but not delivered, the Rights Agent may adopt the countersignature
under its prior name and deliver Right Certificates so countersigned; and in case at that time any of the Right Certificates shall not have been countersigned, the Rights Agent may countersign such Right Certificates either in its prior name or in
its changed name; and in all such cases such Right Certificates shall have the full force provided in the Right Certificates and in this Agreement. 
 Section 20. Duties of Rights Agent. The Rights Agent undertakes the duties and obligations imposed by this Agreement upon the following terms and conditions, by all of which the Company and the holders of Right Certificates, by
their acceptance thereof, shall be bound: 
 (a) The Rights Agent may consult with legal counsel (who may be legal counsel for the Rights
Agent or the Company), and the opinion of such counsel shall be full and complete authorization and protection to the Rights Agent as to any action taken or omitted by it in good faith and in accordance with such opinion. 
 (b) Whenever in the performance of its duties under this Agreement the Rights Agent shall deem it necessary or desirable that any fact or matter
(including, without limitation, the identity of an Acquiring Person and the determination of the Current Market Price per share of Preferred Stock and Common Stock) be proved or established by the Company prior to taking or suffering any action
hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a certificate signed by the Chairman of the Board, the Chief Executive Officer,

  

 28 

 
any Vice President, the Treasurer, the Secretary or Acting Secretary of the Company and delivered to the Rights Agent; and such certificate shall be full
authorization to the Rights Agent for any action taken or suffered in good faith by it under the provisions of this Agreement in reliance upon such certificate. 
 (c) The Rights Agent shall be liable hereunder only for its own negligence, bad faith, or willful misconduct. 
 (d) The Rights Agent shall not be liable for or by reason of any of the statements of fact or recitals contained in this Agreement or in the Right Certificates (except as to its countersignature thereof) or be required to verify the same,
but all such statements and recitals are and shall be deemed to have been made by the Company only. 
 (e) The Rights Agent shall not be
under any responsibility in respect of the validity of this Agreement or the execution and delivery hereof (except the due execution hereof by the Rights Agent) or in respect of the validity or execution of any Right Certificate (except its
countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or condition contained in this Agreement or in any Right Certificate; nor shall it be responsible for any adjustment required under the provisions
of Sections 11 or 13 or responsible for the manner, method or amount of any such adjustment or the ascertaining of the existence of facts that would require any such adjustment (except with respect to the exercise of Rights evidenced by Right
Certificates after actual notice of any such adjustment), nor shall it be responsible for any determination by the Board of Directors of the Company of the Current Market Price of the Rights or Preferred Stock or Common Stock, nor shall it by any
act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any shares of Common Stock or Preferred Stock or other securities to be issued pursuant to this Agreement or any Right Certificate or as to
whether any shares of Preferred Stock or Common Stock or other securities will, when issued, be validly authorized and issued, fully paid and nonassessable. 
 (f) The Company agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered all such further and other acts, instruments and assurances as may
reasonably be required by the Rights Agent for the carrying out or performing by the Rights Agent of the provisions of this Agreement. 
 (g) The Rights Agent is hereby authorized and directed to accept instructions with respect to the performance of its duties hereunder from the Chairman of the Board, the Chief Executive Officer, any Vice President, the Secretary, the Acting
Secretary, any Assistant Secretary, the Treasurer or any Assistant Treasurer of the Company, and to apply to such officers for advice or instructions in connection with its duties, and it shall not be liable for any action taken or suffered to be
taken by it in good faith in accordance with instructions of any such officer. 
 (h) The Rights Agent and any stockholder, director,
officer or employee of the Rights Agent may buy, sell or deal in any of the Rights or other securities of the Company or become pecuniarily interested in any transaction in which the Company may be interested, or 

  

 29 

 
contract with or lend money to the Company or otherwise act as fully and freely as though it were not Rights Agent under this Agreement. Nothing herein shall
preclude the Rights Agent from acting in any other capacity for the Company or for any other legal entity, except it may not act for an Acquiring Person in an investment banking capacity, or otherwise assist an Acquiring Person in ways hostile to
the Company, without the consent of the Company. 
 (i) The Rights Agent may execute and exercise any of the rights and powers hereby vested
in it or perform any duty hereunder either itself or by or through its attorneys or agents, and the Rights Agent shall not be answerable or accountable for any act, omission, default, neglect or misconduct of any such attorneys or agents or for any
loss to the Company or to holders of the Rights resulting from any such act, omission, default, neglect or misconduct, provided reasonable care was exercised in the selection and continued employment thereof. 
 (j) No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise incur any financial liability in the
performance of any of its duties hereunder or in the exercise of its rights if there shall be reasonable grounds for believing that repayment of such funds or adequate indemnification against such risk or liability is not reasonably assured to it.

 (k) If, with respect to any Right Certificate surrendered to the Rights Agent for exercise or transfer, the certificate attached to the
form of assignment or form of election to purchase, as the case may be, has either not been completed or indicates an affirmative response to clause 1 and/or 2 thereof, the Rights Agent shall not take any further action with respect to such
requested exercise or transfer without first consulting with the Company. 
 Section 21. Change of Rights Agent. The Rights Agent
or any successor Rights Agent may resign and be discharged from its duties under this Agreement upon 30 days’ notice in writing mailed to the Company and to each transfer agent of the Common Stock and Preferred Stock by registered, certified or
express mail, and to the holders of the Right Certificates by first-class mail. The Company may remove the Rights Agent or any successor Rights Agent upon 30 days’ notice in writing, mailed to the Rights Agent or successor Rights Agent, as the
case may be, and to each transfer agent of the Common Stock and Preferred Stock by registered, certified or express mail, and to the holders of the Right Certificates by first-class mail. If the Rights Agent shall resign or be removed or shall
otherwise become incapable of acting, the Company shall appoint a successor to the Rights Agent. If the Company shall fail to make such appointment within a period of 30 days after giving notice of such removal or after it has been notified in
writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right Certificate (who shall, with such notice, submit his Right Certificate for inspection by the Company), then the registered holder of
any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such a court, shall be a corporation organized and doing business
under the laws of the United States or of any state of the United States, in good standing, which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination by federal or state
authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at 

  

 30 

 
least $50 million. After appointment, the successor Rights Agent shall be vested with the same powers, rights, duties and responsibilities as if it had been
originally named as Rights Agent without further act or deed; but the predecessor Rights Agent shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance,
conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment the Company shall file notice thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock and Preferred
Stock, and mail a notice thereof in writing to the registered holders of the Right Certificates. Failure to give any notice provided for in this Section 21, however, or any defect therein, shall not affect the legality or validity of the
resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be. 
 Section 22.
Issuance of New Right Certificates. Notwithstanding any of the provisions of this Agreement or of the Rights to the contrary, the Company may, at its option, issue new Right Certificates evidencing Rights in such form as may be approved by
resolution of its Board of Directors, to reflect any adjustment or change in the Purchase Price and the number or kind or class of shares of stock or other securities or property purchasable under the Right Certificates made in accordance with the
provisions of this Agreement. In addition, in connection with the issuance or sale of Common Stock following the Distribution Date and prior to the redemption or expiration of the Rights, the Company (a) shall, with respect to shares of Common
Stock so issued or sold pursuant to the exercise of stock options or under any employee plan or arrangement, or upon the exercise, conversion or exchange of securities, notes or debentures hereinafter issued by the Company, and (b) may, in any
other case, if deemed necessary or appropriate by the Board of Directors of the Company, issue Right Certificates representing the appropriate number of Rights in connection with such issuance or sale; provided, however, that (i) no such Right
Certificates shall be issued if, and to the extent that, the Company shall be advised by counsel that such issuance would create a significant risk of material adverse tax consequences to the Company or the Person to whom such Right Certificates
would be issued, and (ii) no such Right Certificates shall be issued if, and to the extent that, appropriate adjustment shall otherwise have been made in lieu of the issuance thereof. 
 Section 23. Redemption. (a) The Company may, by resolution of its Board of Directors, at its option, at any time prior to the earlier of
(x) the Close of Business on the tenth Business Day following the Stock Acquisition Time or (y) the Close of Business on the Final Expiration Date, redeem all but not less than all of the then outstanding Rights at a redemption price of
$.01 per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such redemption price being hereinafter referred to as the “Redemption Price”). Notwithstanding
anything contained in this Agreement to the contrary, the Rights shall not be exercisable after the first occurrence of a Section 11(a)(ii) Event until such time as the Company’s right of redemption under this Section 23(a) has
expired. The Board of Directors of the Company may, in its discretion, at any time prior to the Stock Acquisition Time, extend the time within which to redeem the then outstanding Rights prior to their exercise. The redemption of the Rights by the
Board of Directors may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. The Company may, at its option, pay the Redemption Price in cash, Common Stock (based on
the Current Market Price of the Common Stock at the time of redemption) or any other form of consideration deemed appropriate by the Board of Directors of the Company. 
  

 31 

 (b) Immediately upon the action of the Board of Directors of the Company ordering the redemption of the
Rights (or at such time subsequent to such action as the Board of Directors may determine), evidence of which shall have been filed with the Rights Agent, and without any further action and without any notice, the right to exercise the Rights will
terminate and the only right thereafter of the holders of Rights shall be to receive the Redemption Price. Within 10 days after the action of the Board of Directors ordering the redemption of the Rights, the Company shall give notice of such
redemption to the holders of the then outstanding Rights by mailing such notice to all such holders at their last addresses as they appear upon the registry books of the Rights Agent or, prior to the Distribution Date, on the registry books of the
transfer agent for the Common Stock. Any notice which is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of redemption will state the method by which the payment of the
Redemption Price will be made. Neither the Company nor any of its Affiliates or Associates may redeem, acquire or purchase any Rights at any time in any manner other than that specifically set forth in this Section 23, and other than in
connection with the repurchase of Common Stock of the Company prior to the Distribution Date. 
 Section 23A Exchange.
(a) The Board of Directors of the Company may, at its option, at any time after any Person becomes an Acquiring Person, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become void
pursuant to the provisions of Section 7(e)) for Common Stock at an exchange ratio of one share of Common Stock per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof
(such exchange ratio being hereinafter referred to as the “Exchange Ratio”). Notwithstanding the foregoing, the Board of Directors shall not be empowered to effect such exchange at any time after any Person (other than the Company, any
wholly owned Subsidiary of the Company, any employee benefit plan of the Company or any such Subsidiary, or any entity holding Common Stock as a fiduciary for or pursuant to the terms of any such employee benefit plan), together with all Affiliates
and Associates of such Person, becomes the Beneficial Owner of 50% or more of the Common Stock then outstanding. 
 (b) Immediately upon the
action of the Board of Directors of the Company ordering the exchange of any Rights pursuant to paragraph (a) of this Section 23A, evidence of which shall have been filed with the Rights Agent, and without any further action and without
any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of shares of Common Stock equal to the number of such Rights held by such holder multiplied
by the Exchange Ratio. The Company shall promptly give public notice of any such exchange; provided, however, that the failure to give, or any defect in, such notice shall not affect the validity of such exchange. The Company shall
promptly mail a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any notice which is mailed in the manner herein provided shall be deemed given,
whether or not the holder receives the notice. Each such notice of exchange will state the method by which the exchange of the Common Stock for Rights will be effected and, in the event of any partial exchange, the number of Rights which will be
exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights which have become void pursuant to the provisions of Section 7(e)) held by each holder of Rights. 
  

 32 

 (c) In any exchange pursuant to this Section 23, the Company, at its option, may substitute
Preferred Stock (or Equivalent Preference Stock, as such term is defined in paragraph (b) of Section 11 hereof) for Common Stock exchangeable for Rights, at the initial rate of one one-hundredth of a share of Preferred Stock (or Equivalent
Preference Stock) for each share of Common Stock, as appropriately adjusted to reflect stock splits, stock dividends and other similar transactions after the date hereof. 
 (d) In the event that there shall not be sufficient shares of Common Stock issued but not outstanding or authorized but unissued to permit any exchange
of Rights as contemplated in accordance with this Section 23A, the Company shall take all such action as may be necessary to authorize additional Common Stock for issuance upon exchange of the Rights. 
 (e) The Company shall not be required to issue fractions of Common Stock or to distribute certificates or make any entries in the book-entry account
system of the transfer agent which evidence fractional Common Stock. In lieu of such fractional shares, the Company shall pay to the registered holders of the Right Certificates with regard to which such fractional shares would otherwise be issuable
an amount in cash equal to the same fraction of the current market value of a whole share of Common Stock. For the purposes of this paragraph (d), the current market value of a whole share of Common Stock shall be the closing price of a share of
Common Stock (as determined pursuant to the second sentence of Section 11(d)) for the Trading Day immediately prior to the date of exchange pursuant to this Section 23A. 
 Section 24. Notice of Certain Events. (a) In case the Company shall propose (i) to pay any dividend payable in stock of any class
to the holders of its Preferred Stock or to make any other distribution to the holders of its Preferred Stock (other than a regular quarterly dividend out of earnings on retained earnings of the Company at a rate not in excess of 125% of the rate of
the last regular quarterly cash dividend theretofore paid), or (ii) to offer to the holders of Preferred Stock options, rights or warrants to subscribe for or to purchase any additional Preferred Stock or shares of stock of any class or any
other securities, rights or options, or (iii) to effect any reclassification of the Preferred Stock (other than a reclassification involving only the subdivision of outstanding shares of Preferred Stock), or (iv) to effect any merger,
consolidation or other combination into or with, or to effect any sale or other transfer (or to permit one or more of its Subsidiaries to effect any sale or other transfer), in one or more transactions, of more than 50% of the assets, cash flow or
earning power of the Company and its Subsidiaries (taken as a whole) to, any other Person, or (v) to effect the liquidation, dissolution or winding up of the Company, then, in each such case, the Company shall give to each holder of a Right, in
accordance with Section 25 hereof, a notice of such proposed action, which shall specify the record date for the purposes of such stock dividend, distribution of rights or warrants, or the date on which such reclassification, merger,
consolidation, combination, sale, transfer, liquidation, dissolution or winding up is to take place and the date of participation therein by the holders of Common Stock and/or Preferred Stock, if any such date is to be fixed, and such notice shall
be so given in the case of any action covered by clause (i) or (ii) above at least twenty days prior to the record date for determining holders of Preferred Stock for purposes of such action, and in the case of any such other action, at
least twenty days prior to the date of the taking of such proposed action or the date of participation therein by the holders of Common Stock and/or Preferred Stock, whichever shall be the earlier. The failure to give notice required by this
Section 24 or 

  

 33 

 
any defect therein shall not affect the legality or validity of the action taken by the Company or the vote upon any such action. 
 (b) In case any of the events set forth in Section 11(a)(ii) or Section 13(a) of this Agreement shall occur, then, in any such case,
(i) the Company shall as soon as practicable thereafter give to each holder of a Right Certificate, to the extent feasible and in accordance with Section 25, a notice of the occurrence of such event, which shall specify the event and the
consequences of the event to holders of Rights under Section 11(a)(ii) or Section 13(a), and (ii) all references in Section 24(a) hereof to Preferred Stock shall be deemed thereafter to refer also to Common Stock or other
securities issuable in respect of the Rights. 
 Section 25. Notices. Notices or demands authorized by this Agreement to be given
or made by the Rights Agent or by the holder of any Right Certificate to or on the Company shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed (until another address is filed in writing with the Rights Agent)
as follows: 
 WABCO Holdings Inc. 
 [                                      ]

 Attention: [                   ]

 Subject to the provisions of Section 21, any notice or demand authorized by this Agreement to be given or made by the Company or by the holder of any
Right Certificate to or on the Rights Agent shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed (until another address is filed in writing with the Company) as follows: 
 The Bank of New York 
 101 Barclay Street 11
East 
 New York, New York 10286 
 Attn: Stock Transfer Administration 
 Notices or demands authorized by this Agreement to be given or made by the Company or the Rights Agent to the
holder of any Right Certificate (or if prior to the Distribution Date to each holder of shares of Common Stock) shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed to such Right holder (or if prior to the
Distribution Date to such holder of Common Stock) at the address of such holder as shown on the registry books of the Company. 
 Section 26. Supplements and Amendments. The Company may, by resolution of its Board of Directors, and the Rights Agent shall, if the Company so directs, supplement or amend any provision of this Agreement in any respect
whatsoever (including without limitation any extension of the period in which the Rights may be redeemed) at any time prior to the Stock Acquisition Time, without the approval of any holders shares of Common Stock or, after the Distribution Date, of
Right Certificates. From and after the Stock Acquisition Time, the Company may, by resolution of its Board of Directors, and the Rights Agent shall, if the Company so directs, supplement or amend this Agreement without the approval of any holders of
shares of Common Stock or of Right Certificates in order (i) to cure any ambiguity, (ii) to correct or supplement any provision contained herein which may be defective or inconsistent 

  

 34 

 
with any other provisions herein, (iii) to shorten or lengthen any time period hereunder or (iv) to change or supplement or make any other
provisions in regard to matters or questions arising hereunder which the Company and the Rights Agent may deem necessary or desirable, which shall not adversely affect the interests of the holders of Right Certificates (other than an Acquiring
Person or an Affiliate or Associate thereof); provided, however, that this Agreement may not be supplemented or amended to lengthen, pursuant to clause (iii) of this sentence, (A) a time period relating to when the Rights may
be redeemed or to modify the ability (or inability) of the Board of Directors of the Company to redeem the Rights, in either case at such time as the Rights are not then redeemable or (B) any other time period unless such lengthening is for the
purpose of protecting, enhancing or clarifying the rights of or the benefits to the holders of Rights (other than an Acquiring Person or an Affiliate or Associate of any such Person). Upon the delivery of a certificate from an appropriate officer of
the Company which states that the proposed supplement or amendment is in compliance with the terms of this Section 26, the Rights Agent shall execute such supplement or amendment. Prior to the Stock Acquisition Time, the interests of the
holders of Rights shall be deemed coincident with the interests of the holders of Common Stock. 
 Section 27. Successors. All
the covenants and provisions of this Agreement by or for the benefit of the Company or the Rights Agent shall bind and inure to the benefit of their respective successors and assigns hereunder. 
 Section 28. Determinations and Actions by the Board of Directors, etc. For all purposes of this Agreement, any calculation of the number of
shares of Common Stock outstanding at any particular time, including for purposes of determining the particular percentage of such outstanding shares of Common Stock of which any Person is the Beneficial Owner, shall be made in accordance with the
last sentence of Rule 13d-3(d)(1)(i) of the General Rules and Regulations under the Exchange Act. The Board of Directors of the Company (with, where specifically provided for herein, the concurrence of the Outside Directors) shall have the exclusive
power, authority and discretion to administer this Agreement and to exercise all rights and powers specifically granted to such Board of Directors (with, where specifically provided for herein, the concurrence of the Outside Directors) or to the
Company, or as may be necessary or advisable in the administration of this Agreement, including, without limitation, the right and power to (i) interpret the provisions of this Agreement, and (ii) make all determinations deemed necessary
or advisable for the administration of this Agreement (including, but not limited to, a determination to redeem or not redeem the Rights, to amend the Agreement or to find or to announce publicly that any Person has become an Acquiring Person). All
such actions, calculations, interpretations and determinations (including, for purposes of clauses (i) and (iii) below, all omissions with respect to the foregoing) which are done or made by the Board of Directors of the Company (with,
where specifically provided for herein, the concurrence of the Outside Directors), the Outside Directors or the Company (i) shall be within the discretion of the Board of Directors (with, where specifically provided for herein, the concurrence
of the Outside 

  

 35 

 
Directors), (ii) shall be final, conclusive and binding on the Company, the Rights Agent, the holders of the Right Certificates and all other parties,
and (iii) shall not subject the Board of Directors of the Company or the Outside Directors to any liability to the holders of the Rights and Right Certificates. 
 Section 29. Benefits of this Agreement. Nothing in this Agreement shall be construed to give to any Person other than the Company, the Rights Agent and the registered holders of the Right Certificates
(and, prior to the Distribution Date, registered holders of the Common Stock) any legal or equitable right, remedy or claim under this Agreement; but this Agreement shall be for the sole and exclusive benefit of the Company, the Rights Agent and the
registered holders of the Right Certificates (and, prior to the Distribution Date, registered holders of the Common Stock). 
 Section 30. Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms,
provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated, provided, however, that notwithstanding anything in this Agreement to the
contrary, if any such term, provision, covenant or restriction is held by such court or authority to be invalid, void or unenforceable and the Board of Directors of the Company determines in its good faith judgment that severing the invalid language
from this Agreement would adversely affect the purpose or effect of this Agreement, the right of redemption set forth in Section 23 hereof shall be reinstated and shall not expire until the Close of Business on the tenth Business Day following
the date of such determination by the Board of Directors. Without limiting the foregoing, if any provision of this Agreement requiring that a determination be made by the Board of Directors with the concurrence of a majority of the Outside Directors
or by the Outside Directors is held by a court of competent jurisdiction or other authority to be invalid, void, or unenforceable, such determination shall then be made by the Board of Directors in accordance with applicable law and the
Company’s certificate of incorporation and by-laws. 
 Section 31. Governing Law. This Agreement and each Right Certificate
issued hereunder shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts to be made and performed
entirely within such State. Notwithstanding anything to the contrary contained herein, any dispute regarding the carrying out of its obligations hereunder by the Rights Agent shall be governed by the laws of the State of New York. 
 Section 32. Counterparts. This Agreement may be executed in any number of counterparts and each of such counterparts shall for all purposes
be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 
 Section 33.
Descriptive Headings. Descriptive headings of the several Sections of this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof. 
  

 36 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and their
respective corporate seals to be hereunto affixed and attested, all as of the day and year first above written. 
  

			
	WABCO HOLDINGS INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	THE BANK OF NEW YORK
		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT A 
 CERTIFICATE OF DESIGNATION OF JUNIOR 
 PARTICIPATING CUMULATIVE PREFERRED STOCK 
 Par Value $.01 Per Share 
 of 
 WABCO Holdings Inc. 
 Pursuant to
Section 151 of the General Corporation Law of the State of Delaware 
 We,
[                    ], [                ], and
[             ], [                     ] of WABCO Holdings Inc., a corporation organized
and existing under the General Corporation Law of the State of Delaware, in accordance with the provisions of Section 103 thereof, DO HEREBY CERTIFY: 
 That pursuant to the authority conferred upon the Board of Directors by the Certificate of Incorporation of the said Corporation, the said Board of Directors on [ ], 2007, by the affirmative vote of at least a
majority of the members of the Board of Directors, adopted the following resolution creating a series of 4,000,000 shares of Preferred Stock, par value $.01 per share: 
 RESOLVED, that pursuant to the authority vested in the Board of Directors of this Corporation in accordance with the provisions of its Certificate of Incorporation, a series of Preferred Stock of the Corporation be,
and it hereby is, created, and that the designation and amount thereof and the voting powers, preferences and relative participating, optional and other special rights of the shares of such series, and the qualifications, limitations or restrictions
thereof are as follows: 
 Section 1. Designation and Amount. 
 The shares of such series shall be designated as Junior Participating Cumulative Preferred Stock, par value $.01 per share (the “Junior Preferred
Stock”) and the number of shares constituting such series initially shall be 4,000,000. Such number of shares may be increased or decreased by resolution of the Board of Directors; provided, that no decrease shall reduce the number of
shares of Junior Preferred Stock to a number less than the number of shares reserved for issuance upon the exercise of outstanding options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible
into Junior Preferred Stock. 
 Section 2. Dividends and Distributions. 
 (A) Subject to the rights of the holders of any shares of any series of preferred stock (or any similar stock) ranking prior and superior
to the Junior Preferred Stock with respect to dividends, the holders of shares of Junior Preferred Stock, in preference to the holders of Common Stock and of any other junior stock which may be outstanding, shall 

  

 A-1 

 
be entitled to receive, when, as and if declared by the Board of Directors out of funds legally available for the purpose, quarterly dividends payable in
cash on the first day of January, April, July and October in each year (each such date being referred to herein as a “Quarterly Dividend Payment Date”), commencing on the first Quarterly Dividend Payment Date after the first issuance of a
share or fraction of a share of Junior Preferred Stock, in an amount per share (rounded to the nearest cent) equal to the greater of (a) $[            ] per share
($[            ] per annum)], or (b) subject to the provision for adjustment hereinafter set forth, 100 times the aggregate per share amount of all cash dividends, and 100 times the
aggregate per share amount (payable in kind) of all non-cash dividends or other distributions, other than a dividend payable in shares of Common Stock or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise),
declared on the Common Stock since the immediately preceding Quarterly Dividend Payment Date, or, with respect to the first Quarterly Dividend Payment Date, since the first issuance of any share or fraction of a share of Junior Preferred Stock. In
the event the Corporation shall at any time declare or pay any dividend on Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or
otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount to which holders of shares of Junior Preferred Stock were entitled immediately prior to
such event under clause (b) of the preceding sentence shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of
which is the number of shares of Common Stock that were outstanding immediately prior to such event. 
 (B) The Corporation
shall declare a dividend or distribution on the Junior Preferred Stock as provided in paragraph (A) of this Section immediately after it declares a dividend or distribution on the Common Stock (other than a dividend payable in shares of Common
Stock); provided that, in the event no dividend or distribution shall have been declared on the Common Stock during the period between any Quarterly Dividend Payment Date and the next subsequent Quarterly Dividend Payment Date, a dividend of
$[            ] per share ($[            ] per annum) on the Junior Preferred Stock shall nevertheless be payable on such
subsequent Quarterly Dividend Payment Date. 
 (C) Dividends shall begin to accrue and be cumulative on outstanding shares of
Junior Preferred Stock from the Quarterly Dividend Payment Date next preceding the date of issue of such shares of Junior Preferred Stock, unless the date of issue of such shares is prior to the record date for the first Quarterly Dividend Payment
Date, in which case dividends on such shares shall begin to accrue from the date of issue of such shares, or unless the date of issue is a Quarterly Dividend Payment Date or is a date after the record date for the determination of holders of shares
of Junior Preferred Stock entitled to receive a quarterly dividend and before such Quarterly Dividend Payment Date, in either of which events such dividends shall begin to accrue and be cumulative from such Quarterly Dividend Payment Date. Accrued
but unpaid dividends shall accumulate but shall not bear interest. Dividends paid on the shares of Junior Preferred Stock in an amount less than the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro
rata on a share-by-share basis among all such shares at 

  

 A-2 

 
the time outstanding. The Board of Directors may fix a record date for the determination of holders of shares of Junior Preferred Stock entitled to receive
payment of a dividend or distribution declared thereon, which record date shall be not more than 60 days prior to the date fixed for the payment thereof. 
 Section 3. Voting Rights. 
 The holders of shares of Junior Preferred Stock shall have the
following voting rights. 
 (A) Subject to the provisions for adjustment as hereinafter set forth, each share of Junior
Preferred Stock shall entitle the holder thereof to 100 votes (and each one one-hundredth of a share of Junior Preferred Stock shall entitle the holder thereof to one vote) on all matters submitted to a vote of the stockholders of the Corporation.
In the event the Corporation shall at any time declare or pay any dividend on Common Stock payable in shares of Common Stock or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by classification or
otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the number of votes per share to which holders of shares of Junior Preferred Stock were entitled
immediately prior to such event shall be adjusted by multiplying such number by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares
of Common Stock that were outstanding immediately prior to such event. 
 (B) Except as otherwise provided herein, in the
Certificate of Incorporation, in any other certificate of designation creating a series of preferred stock or any similar stock, or by law, the holders of shares of Junior Preferred Stock and the holders of shares of Common Stock and any other
capital stock of the Corporation having general voting rights shall vote together as one class on all matters submitted to a vote of stockholders of the Corporation. 
 (C) If at any time the Corporation shall not have declared and paid all accrued and unpaid dividends on the Junior Preferred Stock as
provided in Section 2 hereof for four consecutive Quarterly Dividend Payment Dates, then, in addition to any voting rights provided for in paragraphs (A) and (B), the holders of the Junior Preferred Stock shall have the exclusive right,
voting separately as a class, to elect two directors on the Board of Directors of the Corporation (such directors, the “Preferred Directors”). The right of the holders of the Junior Preferred Stock to elect the Preferred Directors shall
continue until all such accrued and unpaid dividends shall have been paid. At such time, the terms of any of the Preferred Directors shall terminate. At any time when the holders of the Junior Preferred Stock shall have thus become entitled to elect
Preferred Directors, a special meeting of stockholders shall be called for the purpose of electing such Preferred Directors, to be held within 30 days after the right of the holders of the Junior Preferred Stock to elect such Preferred Directors
shall arise, upon notice given in the manner provided by law or the by-laws of the Corporation for giving notice of a special meeting of stockholders (provided however, that such a special meeting shall not be 

  

 A-3 

 
called if the annual meeting of stockholders is to convene within said 30 days). At any such special meeting or at any annual meeting at which the holders of
the Junior Preferred Stock shall be entitled to elect Preferred Directors, the holders of a majority of the then outstanding Junior Preferred Stock present in person or by proxy shall be sufficient to constitute a quorum for the election of such
directors. The persons elected by the holders of the Junior Preferred Stock at any meeting in accordance with the terms of the preceding sentence shall become directors on the date of such election. 
 Section 4. Certain Restrictions. 
 (A) Whenever quarterly dividends or other dividends or distributions payable on the Junior Preferred Stock as provided in Section 2 are in arrears, thereafter and until all accrued and unpaid dividends and
distributions, whether or not declared, on shares of Junior Preferred Stock outstanding shall have been paid in full, the Corporation shall not: 
 (i) declare or pay dividends or, make any other distributions on any shares or stock ranking junior (either as to dividends or upon liquidation, dissolution or winding-up) to the Junior Preferred Stock; 
 (ii) declare or pay dividends, or make any other distributions, on any shares of stock ranking on a parity (either as to dividends or upon
liquidation, dissolution or winding-up) with the Junior Preferred Stock except dividends paid ratably on the Junior Preferred Stock, and all such parity stock on which dividends are payable or in arrears in proportion to the total amounts to which
the holders of all such shares are then entitled; 
 (iii) redeem or purchase or otherwise acquire for consideration shares of
any stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding-up) with the Junior Preferred Stock, provided that the Corporation may at any time redeem, purchase or otherwise acquire shares of any such
parity stock in exchange for shares of any stock of the of the Corporation ranking junior (either as to dividends or upon dissolution, liquidation or winding-up) to the Junior Preferred Stock; or 
 (iv) purchase or otherwise acquire for consideration any shares of Junior Preferred Stock, or any shares of stock ranking on a parity
(either as to dividends or upon liquidation, dissolution or winding-up) with the Junior Preferred Stock, except in accordance with a purchase offer made in writing or by publication (as determined by the Board of Directors) to all holders of such
shares upon such terms as the Board of Directors, after consideration of the respective annual dividend rates and other relative rights and preferences of the respective series or classes, shall determine in good faith will result in fair and
equitable treatment among the respective series or classes. 
 (B) The Corporation shall not permit any subsidiary of the
Corporation to purchase or otherwise acquire for consideration any shares of stock of the Corporation 

  

 A-4 

 
unless the Corporation could, under paragraph (A) of this Section 4, purchase or otherwise acquire such shares at such time and in such manner.

 Section 5. Reacquired Shares. 
 Any shares of Junior Preferred Stock purchased or otherwise acquired by the Corporation in any manner whatsoever, shall be retired and cancelled promptly after the acquisition thereof. All such shares shall upon their
cancellation become authorized but unissued shares of preferred stock, without designation as to series, and may be reissued as part of a new series of preferred stock to be created by resolution or resolutions of the Board of Directors, subject to
the conditions and restrictions on issuance set forth herein, in the Certificate of Incorporation, in any other certificate of designation creating a series of preferred stock or any similar stock or as otherwise required by law. 
 Section 6. Liquidation, Dissolution or Winding-Up. 
 Upon any voluntary or involuntary liquidation, dissolution or winding-up of the Corporation, no distribution shall be made (A) to the holders of
shares of stock ranking junior (either as to dividends or upon liquidation, dissolution or winding-up) to the Junior Preferred Stock unless prior thereto, the holders of shares of Junior Preferred Stock shall have received the higher of
(i) $[            ] per share, plus an amount equal to accrued and unpaid dividends and distributions thereon, whether or not declared, to the date of such payment, or
(ii) an aggregate amount per share, subject to the provision for adjustment hereinafter set forth, equal to 100 times the aggregate amount to be distributed per share to holders of Common Stock; nor shall any distribution be made (B) to
the holders of stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding-up) with the Junior Preferred Stock, except distributions made ratably on the Junior Preferred Stock and all other such parity stock in
proportion to the total amounts to which the holders of all such shares are entitled upon such liquidation, dissolution or winding-up. In the event the Corporation shall at any time declare or pay any dividend on Common Stock payable in shares of
Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of
Common Stock, then in each such case the aggregate amount to which holders of shares of Junior Preferred Stock are entitled immediately prior to such event under the provision in clause (A) of the preceding sentence shall be adjusted by
multiplying such amount by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately
prior to such event. 
 Section 7. Consolidation, Merger, etc. 
 In case the Corporation shall enter into any consolidation, merger, combination or other transaction in which the shares of Common Stock are exchanged for
or changed into other stock or securities, cash and/or any other property, or otherwise changed, then in any such case each share of Junior Preferred Stock shall at the same time be similarly exchanged or changed into an amount per share (subject to
the provision for adjustment hereinafter set forth) equal to 100 times the aggregate amount of stock, securities, cash and/or any other property (payable in 

  

 A-5 

 
kind), as the case may be, into which or for which each share of Common Stock is changed or exchanged. In the event the Corporation shall at any time declare
or pay any dividend on Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of
Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount set forth in the preceding sentence with respect to the exchange or change of shares of Junior Preferred Stock shall be adjusted by
multiplying such amount by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately
prior to such event. 
 Section 8. No Redemption. 
 The shares of Junior Preferred Stock shall not be redeemable. 
 Section 9. Rank. 
 Unless otherwise provided in the Certificate of Incorporation or a certificate of designation relating to a subsequent series of preferred stock of the
Corporation, the Junior Preferred Stock shall rank junior to all other series of the Corporation’s preferred stock as to the payment of dividends and the distribution of assets on liquidation, dissolution or winding-up, and senior to the Common
Stock of the Corporation. 
 Section 10. Amendment. 
 The Certificate of Incorporation, as amended and restated, shall not be amended in any manner which would materially alter or change the powers, preferences or special rights of the Junior Preferred Stock so as to
affect them adversely without the affirmative vote of the holders of at least two-thirds of the outstanding shares of Junior Preferred Stock, voting together as a single series. 
 Section 11. Fractional Shares. 
 Junior Preferred Stock may be issued in fractions of a share (in one one-hundredths (1/100) of a share and integral multiples thereof) which shall entitle the holder, in proportion to such holder’s fractional shares, to exercise
voting rights, receive dividends, participate in distributions and to have the benefit of all other rights of holders of Junior Preferred Stock. 
  

 A-6 

 IN WITNESS WHEREOF, this Certificate of Designation is executed on behalf of the Corporation by its
[    ] and attested by its [    ] this [    ] day of [                    ], 2007.

  

			
	 By:
	 	  

	Name:	 	
	Title:	 	

  

			
	ATTEST:
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 A-7 

 EXHIBIT B 
 [Form of Face of Right Certificate] 
  

			
	Certificate No. R-	  	                     Rights

 NOT EXERCISABLE AFTER
[                    ], 2017 OR EARLIER IF NOTICE OF REDEMPTION IS GIVEN. THE RIGHTS ARE SUBJECT TO REDEMPTION, AT THE OPTION OF THE COMPANY, AT $.01
PER RIGHT ON THE TERMS SET FORTH IN THE RIGHTS AGREEMENT. [THE RIGHTS REPRESENTED BY THIS CERTIFICATE WERE ISSUED TO A PERSON WHO WAS AN ACQUIRING PERSON OR AN ASSOCIATE OR AFFILIATE THEREOF (AS SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT). THIS
RIGHT CERTIFICATE AND THE RIGHTS REPRESENTED HEREBY BECOME NULL AND VOID AS PROVIDED IN SECTION 7(e) OF THE RIGHTS AGREEMENT.]1 
 Right Certificate 
 WABCO HOLDINGS INC. 
 This certifies that
                    , or registered assigns, is the registered owner of the number of Rights set forth above, each of which entitles the owner
thereof, subject to the terms, provisions and conditions of the Rights Agreement dated as of [                    ], 2007 (the “Rights
Agreement”) between WABCO Holdings Inc., a Delaware corporation (the “Company”), and The Bank of New York (the “Rights Agent”), to purchase from the Company at any time after the Distribution Date (as such term is defined in
the Rights Agreement) and prior to 5:00 P.M. (New York City time) on [                    ], 2017, at the principal office of the Rights Agent, or
its successors as Rights Agent, in New York, New York, one one-hundredth of a share of Junior Participating Cumulative Preferred Stock, par value $.01 per share (the “Preferred Stock”), of the Company, at a purchase price of
$[            ] per one one-hundredth of a share (the “Purchase Price”) by certified bank check or money order payable to the order of the Company, upon presentation and surrender
of this Right Certificate with the Form of Election to Purchase duly executed. The number of Rights evidenced by this Right Certificate (and the number of shares which may be purchased upon exercise thereof) set forth above, and the Purchase Price
per share set forth above, are the number and Purchase Price as of [                    ], 2007, based on the shares of Preferred Stock of the
Company as constituted at such date. 
 As provided in the Rights Agreement, the Purchase Price and the number of one one-hundredths of a
share of Preferred Stock or other securities which may be purchased upon the exercise of the Rights evidenced by this Right Certificate are subject to modification and adjustment upon the happening of certain events. 

	 1
	 The portion of the legend in brackets shall be inserted only if applicable.

  

 B-1 

 This Right Certificate is subject to all of the terms, provisions and conditions of the Rights Agreement,
which terms, provisions and conditions are hereby incorporated herein by reference and made a part hereof and to which Rights Agreement reference is hereby made for a full description of the rights, limitations of rights, obligations, duties and
immunities hereunder of the Rights Agent, the Company and the holders of the Right Certificates. Copies of the Rights Agreement are on file at the principal executive offices of WABCO Holdings Inc. and the above-mentioned office of the Rights Agent.

 This Right Certificate, with or without other Right Certificates, upon surrender at the principal office of the Rights Agent, may be
exchanged for another Right Certificate or Right Certificates of like tenor and date evidencing Rights entitling the holder to purchase a like aggregate number of one one-hundredths of a share of Preferred Stock as the Rights evidenced by the Right
Certificate or Right Certificates surrendered shall have entitled such holder to purchase. If this Right Certificate shall be exercised in part, the holder shall be entitled to receive upon surrender hereof another Right Certificate or Right
Certificates for the number of whole Rights not exercised. 
 Subject to the provisions of the Rights Agreement, the Rights evidenced by this
Certificate may be redeemed by the Company at its option at a redemption price of $.01 per Right. Subject to the provisions of the Rights Agreement, the Rights evidenced by this Right Certificate may be exchanged by the Company in whole or in part
for Common Stock of the Company under certain circumstances. 
 No fractional shares of Common Stock will be issued upon the exercise of any
Right or Rights evidenced hereby, but in lieu thereof a cash payment will be made, as provided in the Rights Agreement. 
 No holder of this
Right Certificate shall be entitled to vote or receive dividends or be deemed for any purpose the holder of Common Stock or of any other securities of the Company which may at the time be issuable on the exercise hereof, nor shall anything contained
in the Rights Agreement or herein be construed to confer upon the holder hereof, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any
meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting stockholders (except as provided in the Rights Agreement), or to receive dividends or subscription rights, or
otherwise, until the Right or Rights evidenced by this Right Certificate shall have been exercised as provided in the Rights Agreement. 
 This Right Certificate shall not be valid or obligatory for any purpose until it shall have been countersigned by the Rights Agent. 
  

 B-2 

 [Form of Reverse of Right Certificate] 
 FORM OF ASSIGNMENT 
 (To be executed by the registered holder if such holder desires to
transfer the Right Certificate.) 
  

			
	 FOR VALUE RECEIVED
	 	  

			
	hereby sells, assigns and transfers unto	 	  

	  

 (Please print name and address of transferee) 
 this Right Certificate, together with all right, title and interest therein, and does hereby irrevocably constitute and appoint
                                        
Attorney, to transfer the within Right Certificate on the books of the within named Company, with full power of substitution. 
 Dated:
                    ,          
  

	
	  
 Signature

	
	(Signature must conform in all respects to name of holder as set forth on the face of this Right Certificate, without alteration or enlargement or any change whatsoever.)

 Signature Guaranteed: 

	
	  

  

 B-3 

 (To be completed if applicable) 
 The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by an Acquiring Person or an Affiliate or
Associate thereof (as defined in the Rights Agreement). 
  

	
	  

	 Signature

	
	(Signature must conform in all respects to name of holder as set forth on the face of this Right Certificate, without alteration or enlargement or any change whatsoever.)

  

 B-4 

 FORM OF ELECTION TO PURCHASE 
 (To be executed if holder desires to exercise the Right Certificate.) 
 To WABCO Holdings Inc.: 
 The undersigned hereby irrevocably elects to exercise
                 Rights represented by this Right Certificate to purchase the shares of Preferred Stock issuable upon the exercise of such Rights and requests
that certificates for such shares be issued, or an entry in the book-entry account system of the transfer agent be made, in the name of: 
 Please insert
social security or other identifying number: 
  

	
	  

	(Please print name and address)
	
	  

	

 If such number of Rights shall not be all the Rights evidenced by this Right Certificate, a new Right Certificate
for the balance remaining of such Rights shall be registered in the name of and delivered to: 
 Please insert social security or other identifying number:

  

	
	  

	(Please print name and address)
	
	  

	

 Dated:
                    ,          
  

	
	  

	 Signature

	
	(Signature must conform in all respects to name of holder as set forth on the face of this Right Certificate, without alteration or enlargement or any change whatsoever.)

 Signature Guaranteed: 
  

	
	
	  

 (To be completed if applicable) 
  

 B-5 

 The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially
owned by an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement). 
  

	
	  
 Signature

	
	(Signature must conform in all respects to name of holder as set forth on the face of this Right Certificate, without alteration or enlargement or any change whatsoever.)

  

 B-6 

 NOTICE 
 In the event the certification set forth above in the Forms of Assignment and Election to Purchase is not completed, the Company will deem the beneficial owner of the Rights evidenced by this Right Certificate to be
an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and, in the case of an Assignment, will affix a legend to that effect on any Right Certificates issued in exchange for this Right Certificate. 

 

 B-7 

 EXHIBIT C 
 WABCO Holdings Inc. 
 SUMMARY OF RIGHTS TO PURCHASE 
 PREFERRED STOCK 
 On
[                    ], 2007, the Board of Directors of WABCO Holdings Inc. (the “Company”) declared a dividend distribution of one Right
for each outstanding share of Common Stock, par value $.01 per share (the “Common Stock”), of the Company. The distribution was payable on
[                    ], 2007 to stockholders of record on
[                    ], 2007 (the “Record Date”). Each Right entitles the registered holder to purchase from the Company one one-hundredth
of a share of its Junior Participating Cumulative Preferred Stock, par value $.01 per share (the “Preferred Stock”) at a price of $[            ] per one one-hundredth of a share
(the “Purchase Price”), subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement (the “Rights Agreement”) between the Company and The Bank of New York, as Rights Agent (the “Rights
Agent”). 
 Until the earlier to occur of (i) ten business days following the time (the “Stock Acquisition Time”) of a
public announcement by the Company that a person or group of affiliated or associated persons (other than (x) the Company, (y) any subsidiary of the Company, or (z) any employee benefit plan of the Company or its subsidiaries) has
acquired beneficial ownership (as defined in the Rights Agreement) of 15% or more of the outstanding shares of Common Stock of the Company (such 15% beneficial owner, an “Acquiring Person”), or (ii) ten business days, or such later
date as may be determined by the Board of Directors of the Company, after the date of the commencement or announcement by a person of an intention to make a tender offer or exchange offer for an amount of Common Stock which, together with the shares
of such stock already owned by such person, constitutes 15% or more of the outstanding shares of such Common Stock (the earlier of such dates being called the “Distribution Date”), the Rights will be evidenced by the balances indicated in
the book-entry account system of the transfer agent for the Common Stock registered in the names of the holders of the Common Stock or, in the case of certificated shares, the Common Stock certificates. The Rights Agreement provides that, until the
Distribution Date, the Rights will be transferred with and only with the Company’s Common Stock. Until the Distribution Date (or earlier redemption or expiration of the Rights), (i) the Rights will be evidenced by the balances indicated in
the book-entry account system of the transfer agent for the Common Stock registered in the names of the holders of the Common Stock or, in the case of certificated shares, the Common Stock certificates, and will be transferred with and only with
such shares or, in the case of certificated shares, Common Stock certificates, (ii) confirmation and account statements sent to holders of shares of Common Stock in book-entry form or, in the case of certificated shares, new Common Stock
certificates issued after the Record Date, will contain a notation incorporating the Rights Agreement by reference and (iii) the transfer of any shares of Common Stock or, in the case of certificated shares, certificates for Common Stock,
outstanding will also constitute the transfer of the Rights associated with such shares of Common Stock or, in the case of certificated shares, the Common Stock represented by such certificates, even without a copy of this Summary of Rights 

  

 C-1 

 
attached thereto. As soon as practicable following the Distribution Date, separate certificates evidencing the Rights (the “Right Certificates”)
will be mailed to holders of record of the Company’s Common Stock as of the close of business on the Distribution Date and such separate Right Certificates alone will evidence the Rights. 
 The Rights are not exercisable until the Distribution Date. The Rights will expire on
[                    ], 2017, unless earlier redeemed by the Company as described below. 
 The Purchase Price payable, and the number of shares of Preferred Stock or other securities or property issuable upon exercise of the Rights, are subject
to adjustment from time to time to prevent dilution (i) in the event of a stock dividend on, or a subdivision, combination or reclassification of the Preferred Stock, (ii) upon the fixing of a record date for the issuance to holders of
Preferred Stock of certain rights, options or warrants to subscribe for shares of Preferred Stock or convertible securities at less than the current market price of shares of Preferred Stock or (iii) upon the fixing of a record date for the
making of a distribution to holders of shares of Preferred Stock of evidences of indebtedness or assets (excluding regular periodic cash dividends not exceeding 125% of the last regular periodic cash dividend or dividends payable in shares of
Preferred Stock) or of subscription rights or warrants (other than those referred to above). The number of Rights and number of shares of Preferred Stock issuable upon the exercise of each Right are also subject to adjustment in the event of a stock
split, combination or stock dividend on the Common Stock prior to the Distribution Date. 
 In the event that after the Stock Acquisition
Time the Company is acquired in a merger or other business combination transaction or 50% or more of its assets, cash flow or earning power are sold or otherwise transferred, proper provision shall be made so that each holder of a Right shall
thereafter have the right to receive, upon the exercise thereof at the then current exercise price of the Right, that number of shares of common stock of the acquiring company which at the time of such transaction would have a market value (as
defined in the Rights Agreement) of two times the exercise price of the Right. In the event that the Company were the surviving corporation of a merger and its Common Stock were changed or exchanged, proper provision shall be made so that each
holder of a Right will thereafter have the right to receive upon exercise that number of shares of common stock of the acquiring company having a market value of two times the exercise price of the Right. 
 In the event that a person or group becomes an Acquiring Person (otherwise than pursuant to a tender offer or exchange offer for all outstanding shares
of Common Stock at a price and on terms which are determined to be fair and in the best interests of the Company and its stockholders by a majority of the members of the Board of Directors of the Company, proper provision shall be made so that each
holder of a Right, other than Rights that were beneficially owned by the Acquiring Person, which will thereafter be void, will thereafter have the right to receive upon exercise that number of shares of Common Stock having a market value (as defined
in the Rights Agreement) of two times the exercise price of the Right. A person or group will not be an Acquiring Person if the Board of Directors of the Company after receiving advice from one or more investment banking firms determines that such
person or group became an Acquiring Person inadvertently and such person or group promptly divests itself of a sufficient number of shares of Common Stock so that such person or group is no longer an Acquiring Person. 
  

 C-2 

 At any time prior to the earlier of (i) ten business days after the Stock Acquisition Time and
(ii) [                    ], 2017, the Company, by resolution of its Board of Directors, may redeem the Rights in whole, but not in part, at a
price of $.01 per Right (the “Redemption Price”). The Company may, at any time prior to the Stock Acquisition Time, extend the time in which the Rights may be redeemed. Immediately upon the action of the Board of Directors of the Company
electing to redeem the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price. 
 At any time after a person becomes an Acquiring Person and prior to the acquisition by such person of 50% or more of the outstanding Common Stock of the Company, the Board of Directors of the Company may exchange the
Rights (other than Rights beneficially owned by such Acquiring Person which have become void), in whole or in part, for Common Stock of the Company at an exchange ratio of one share of Common Stock per Right (subject to adjustment). Immediately upon
the action of the Board of Directors of the Company ordering the exchange of any Rights, the right to exercise such Rights will terminate and the only right of a holder of such Rights shall be to receive that number of shares of Common Stock equal
to the number of such Rights held by such holder multiplied by the exchange ratio. 
 Each share of Preferred Stock purchasable upon
exercise of the Rights will have a minimum preferential dividend of $[            ] per year, but will be entitled to receive, in the aggregate, a dividend of 100 times the dividend
declared on a share of Common Stock. In the event of liquidation, dissolution or winding-up of the Company, the holders of the shares of Preferred Stock will be entitled to receive a minimum liquidation payment of
$[            ] per share, but will be entitled to receive an aggregate liquidation payment equal to 100 times the payment to be made per share of Common Stock. Each share of Preferred
Stock will have 100 votes, voting together with the shares of Common Stock. In addition, if dividends on the Preferred Stock are in arrears for four consecutive quarterly payment periods, the holders of the Preferred Stock will have the right,
voting as a class, to elect two members of the Board of Directors. In the event of any merger, consolidation or other transaction in which shares of Common Stock are exchanged, each share of Preferred Stock will be entitled to receive 100 times the
amount and type of consideration received per share of Common Stock. The rights of the shares of Preferred Stock as to dividends and liquidation, and in the event of mergers and consolidations, are protected by anti-dilution provisions. 

Until a Right is exercised, the holder thereof, as such, will have no rights as a stockholder of the Company, including, without limitation, the right
to vote or to receive dividends. 
 The Rights and the Rights Agreement can be amended by the Board of Directors of the Company in any
respect (including, without limitation, any extension of the period in which the Rights may be redeemed) at any time prior to the Stock Acquisition Time. From and after such a time, without the approval of all holders of the Common Stock or all
holders of the Rights, the Board of Directors may only supplement or amend the Rights Agreement in order (i) to cure any ambiguity, (ii) to correct or supplement any provision contained in the Rights Agreement which may be defective or
inconsistent with any other provision in the Rights Agreement, (iii) to shorten or lengthen any time period under the Rights Agreement or (iv) to make any changes or supplements which the Company and the Rights Agent may deem necessary or
desirable which 

  

 C-3 

 
shall not adversely affect the interests of the holders of Right Certificates (other than an Acquiring Person or an affiliate or associate thereof).

  
 A copy of the Rights Agreement is available free of charge from the
Company. This summary description of the Rights does not purport to be complete and is qualified in its entirety by reference to the Rights Agreement, which is hereby incorporated herein by reference. 
  

 C-4Form of Indemnification and Cooperation Agreement

 Exhibit 10.4 
 FORM OF INDEMNIFICATION AND COOPERATION AGREEMENT 
 This INDEMNIFICATION AND COOPERATION
AGREEMENT (this “Agreement”) is made and entered into as of July [__], 2007 by and among American Standard Companies Inc. (“ASD”), Ideal Standard, France SAS (“IS France”), Ideal Standard
GmbH & Co. OHG (“IS Belgium”), WABCO Austria GesmbH (“WABCO Austria”), Ideal Standard GmbH (Germany) (“IS Germany”), Ideal Standard Italia s.r.l. (Italy) (“IS Italy”),
Ideal Standard Nederland BV (“Venlo”), WABCO Holdings Inc. (“WABCO”) and American Standard Europe BVBA (“ASE,” and together with WABCO and WABCO Austria, the “Indemnitors”). Each of
the foregoing parties is individually referred to herein as a “Party” and collectively as the “Parties.” Certain capitalized terms used herein are defined in Section 1.1. Capitalized terms used herein and not
otherwise defined herein shall have the meanings ascribed to such terms in the Distribution Agreement (defined below). 
 RECITALS

 WHEREAS, the Board of Directors of ASD has determined that it is appropriate, desirable and in the best interests of ASD and its
shareholders to separate ASD into three separate companies: (i) one comprising the VCS Business, which shall be owned and conducted, directly or indirectly, by WABCO, all of the common stock of which is intended to be distributed to ASD
shareholders, (ii) one comprising the HVAC Business, which shall continue to be owned and conducted, directly or indirectly, by ASD and (iii) one comprising the B&K Business, which ASD currently intends to sell to one or more third
parties; 
 WHEREAS, as part of the foregoing, ASD and WABCO have entered into the Separation and Distribution Agreement, dated as of July
[__], 2007 (the “Distribution Agreement”), which provides, among other things, for the pro-rata distribution by ASD of all of its shares in WABCO Common Stock to the holders of ASD Common Stock, and the execution and delivery of
certain other agreements in order to facilitate and provide for the foregoing, including without limitation, the Tax Sharing Agreement, the Employee Matters Agreement, the Transition Services Agreement and this Agreement; 
 WHEREAS, on March 28, 2007, the Charged Parties, along with a number of other companies not affiliated with ASD or WABCO, received a Statement of
Objections from the European Commission (the “Statement of Objections”) alleging infringements of European Union competition rules by certain bathroom fixture and fittings companies, including the Charged Parties; 
 WHEREAS, the Parties acknowledge and agree that the Indemnifiable Matters relate to the B&K Business that is conducted by a division of ASD which is
intended to be sold and, upon completion of such sale, will no longer be owned by ASD or WABCO; 
 WHEREAS, given the standard practice of
the European Commission, it is anticipated that each Charged Party will be held jointly and severally liable for any fines or other 

  

 1 

 
judgments that may be rendered against or imposed on any of the other Charged Parties in connection with the Bathroom Fittings and Fixtures Proceedings;

 WHEREAS, the alleged wrongdoings, as outlined in the Statement of Objections, are alleged to have occurred between May 5, 1988 and
November 9, 2004, and while it is expected that a fine will be imposed in the Bathroom Fixtures and Fittings Proceedings, the exposure relating thereto is a contingent liability the amount of which is uncertain as of the date hereof;

 WHEREAS, this Agreement constitutes an integral part of the overall allocation of Assets and Liabilities in the Separation (including the
determination by ASD not to transfer any Indebtedness to WABCO (other than Indebtedness incurred by WABCO in connection with the Distribution) and to indemnify WABCO and its Affiliates against the Remainco Liabilities (which include, among other
things, significant asbestos liabilities which are attributable, in part, to historical operations of the VCS Business)) and the determination by ASD to proceed with the Separation on the basis of this overall allocation; 
 WHEREAS, the Parties acknowledge that WABCO will receive substantial benefits from the Separation and the transactions contemplated by the Distribution
Agreement and Ancillary Agreements, and in consideration thereof, WABCO, WABCO Austria and ASE have agreed to enter this Agreement to provide for the indemnification, cooperation and other obligations specified herein; 
 WHEREAS, the Parties desire to set forth the agreements, understandings and procedures pursuant to which the Indemnitors shall indemnify, defend and hold
harmless the Indemnitees against the Indemnifiable Losses relating to the Indemnifiable Matters; 
 WHEREAS, the Parties have also concluded
that it is in their common interests with respect to the Indemnifiable Matters to cooperate with one another and to provide access to documents, information, and analyses, with respect to the Indemnifiable Matters; and 
 WHEREAS, the Parties recognize and acknowledge that any unauthorized disclosure or dissemination of any documents or information exchanged between the
Parties would be detrimental to them and to the conduct of any potential claims. 
 NOW, THEREFORE, in consideration of the recitals and of
the respective agreements and covenants contained herein, and intending to be legally bound hereby, the Parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.1 Certain Definitions. For purposes of this Agreement, the following terms shall have the meanings specified: 
 (a) “Accepted and Confirmed Bank guarantee” shall have the meaning specified in Section 4.1(b)(ii). 
  

 2 

 (b) “Appeal Deadline Date” means the date specified in the Initial Decision or as
required under applicable Laws of the European Union in respect of the Bathroom Fittings and Fixtures Proceedings pursuant to which the Charged Parties are required to submit an appeal to the Initial Decision rendered against such Charged Party.

 (c) “ASD” shall have the meaning specified in the Preamble to this Agreement. 
 (d) “ASD Charged Parties” means ASD and any other member of the ASD Group (other than any WABCO Charged Party or B&K Charged Party)
that is or becomes a named party in the Bathroom Fittings and Fixtures Proceedings from and after the Effective Time. 
 (e) “ASD
Election Notice” shall have the meaning specified in Section 2.2(c). 
 (f) “ASD Non-Appeal Notice” shall have
the meaning specified in Section 2.2(c). 
 (g) “ASE” shall have the meaning specified in the Preamble to this
Agreement. 
 (h) “Bathroom Fittings and Fixtures Proceedings” means the proceedings initiated by the Commission of the
European Communities contemplated by that certain Statement of Objections, dated March 26, 2007, relating to case COMP/E-1/39.092, as the same may be amended, supplemented or superseded by a new Statement of Objections, including any appeals
relating thereto. 
 (i) “B&K Buyer Parties” means those Persons that acquire all or any portion of the B&K Business
pursuant to a B&K Sale. 
 (j) “B&K Charged Parties” means, collectively, Venlo, IS France, IS Belgium, IS Germany
and IS Italy and any member of the ASD Group that is sold to a B&K Buyer Party and is or becomes a named party in the Bathroom Fittings and Fixtures Proceedings from and after the Effective Time. 
 (k) “B&K Sale Agreement” shall have the meaning specified in Section 4.5. 
 (l) “Change in Control” means, and shall be deemed to have occurred if, on or after the Effective Time, (i) any “person”
(as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than a trustee or other fiduciary holding securities under an employee benefit plan of WABCO or any of its Subsidiaries acting in such
capacity, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of WABCO representing more than 35% of the total voting power represented by WABCO’s then outstanding
Voting Securities, (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the board of directors of WABCO and any new director whose election by the board of directors of WABCO or nomination
for election by WABCO’s stockholders was approved by a vote of at least two thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was
previously so approved, cease for any reason to constitute a majority thereof, (iii) the stockholders of WABCO approve a merger or consolidation of WABCO with any other corporation other than a merger or consolidation that would result in the
Voting Securities of WABCO outstanding 

  

 3 

 
immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving entity) at
least 65% of the total voting power represented by the Voting Securities of WABCO or such surviving entity outstanding immediately after such merger or consolidation, (iv) the stockholders of WABCO approve a plan of complete liquidation of
WABCO or an agreement for the sale or disposition by WABCO of (in one transaction or a series of related transactions) all or substantially all of its assets, or (v) WABCO shall file or have filed against it, and such filing shall not be
dismissed, any bankruptcy, insolvency or dissolution proceedings, or a trustee, administrator or creditors committee shall be appointed to manage or supervise the affairs of WABCO. 
 (m) “Charged Party” means any ASD Charged Party, B&K Charged Party or WABCO Charged Party. 
 (n) “Common Interest Materials” shall have the meaning specified in Section 3.4(b). 
 (o) “Defense Agreement” shall have the meaning specified in Section 3.3. 
 (p) “Defense Costs” shall mean fees, costs and expenses incurred on or after the Effective Time by a Party in connection with the
defense of any Indemnifiable Matter, including, without limitation, legal, consultant, expert, economists, witness, accounting and other professional fees and expenses, but excluding, for the avoidance of doubt, the payment of any amounts to
Governmental Entities in connection with any such Indemnifiable Matter. 
 (q) “Dispute” shall have the meaning specified in
Section 5.1. 
 (r) “Distribution Agreement” shall have the meaning specified in the Recitals to this Agreement.

 (s) “Escrow Account” shall have the meaning specified in Section 4.1(b). 
 (t) “Escrow Agreement” shall have the meaning specified in Section 4.1(b). 
 (u) “Escrowed Amount” shall have the meaning specified in Section 4.1(b). 
 (v) “Indemnifiable Loss” and “Indemnifiable Losses” shall mean any and all fines, penalties, judgments, obligations,
interest and amounts paid in settlement, in each case arising solely out of the Indemnifiable Matters and that are imposed on any Indemnitee (whether directly or indirectly, through contract, operation of law or otherwise, or through theories of
successor or transferee liability, de facto merger or similar indirect theory of liability), including, without limitation, the Initial Decision Amount (as may be modified pursuant to any appeal judgment(s)) and the amount of any interest that will
accrue on the Initial Decision Amount and will be due and owing to the European Commission between the Payment Due Date and the date on which the fine and any accrued interest thereon have been paid in full following the rendering of a final
resolution of the Bathroom Fittings and Fixtures Proceedings (including the final judgment concluding the appeal process initiated by the Charged Parties in connection with the Bathroom Fittings and Fixtures Proceedings), in each case determined in
accordance with the Initial Decision and the applicable rules in force in the European Union. 
  

 4 

 (w) “Indemnifiable Matters” shall mean (i) the Bathroom Fittings and Fixtures
Proceedings, and (ii) following a B&K Sale, any indemnification claims that may be brought against any member of the ASD Group (and their respective Affiliates and their respective directors, officers, employees and agents, in each case,
together with their respective heirs, executors, administrators, successors and assigns) by any B&K Buyer Party or any of their respective Affiliates (including any B&K Charged Party) or their Representatives solely in connection with the
Bathroom Fittings and Fixtures Proceedings. For the avoidance of doubt, third party Actions that have arisen or may arise prior to or after the Effective Time that relate to or arise out of the subject matter of the Bathroom Fittings and Fixtures
Proceedings (including, without limitation, shareholder lawsuits but excluding the Bathroom Fittings and Fixtures Proceedings themselves and excluding any indemnification claims brought by a B&K Buyer Party or any of their respective Affiliates
(including any B&K Charged Party) or Representatives), are not Indemnifiable Matters under this Agreement. The Distribution Agreement (rather than this Agreement) addresses, allocates responsibility and indemnification obligations for, and shall
exclusively control, with respect to such third party Actions. 
 (x) “Indemnitees” shall mean the ASD Charged Parties and
the B&K Charged Parties and their respective Affiliates (other than any member of the WABCO Group or a WABCO Charged Party) and their respective directors, officers, employees and agents, in each case, together with their respective heirs,
executors, administrators, successors and assigns, and, if applicable, the B&K Buyer Parties and other assignees following any assignment by ASD in accordance with Section 6.3 hereof. 
 (y) “Indemnitee Representative” shall have the meaning specified in Section 6.17. 
 (z) “Indemnitors” shall have the meaning set forth in the Preamble to this Agreement. 
 (aa) “Indemnitor Representative” shall have the meaning specified in Section 6.16. 
 (bb) “Initial Decision” shall mean the initial decision rendered by the European Commission in the Bathroom Fittings and Fixtures
Proceedings in which the Initial Decision Amount is imposed. 
 (cc) “Initial Decision Amount” shall mean the aggregate
amount of the fines (or other amounts, if any) imposed by the European Commission on all Charged Parties on the Initial Decision Date as reflected in the Initial Decision. 
 (dd) “Initial Decision Date” shall mean the first date upon which the European Commission imposes a fine on any Charged Party and/or any
of the other Indemnitees or Indemnitors (or any other member of the ASD Group or WABCO Group) in the Bathroom Fittings and Fixtures Proceedings. 
 (ee) “IS Belgium” shall have the meaning specified in the Preamble to this Agreement. 
 (ff) “IS
France” shall have the meaning specified in the Preamble to this Agreement. 
  

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 (gg) “IS Germany” shall have the meaning specified in the Preamble to this Agreement.

 (hh) “IS Italy” shall have the meaning specified in the Preamble to this Agreement. 
 (ii) “New York Courts” shall have the meaning specified in Section 6.6. 
 (jj) “Non-Appeal Notice” shall mean either a WABCO Non-Appeal Notice or an ASD Non-Appeal Notice, as applicable. 
 (kk) “Party” shall have the meaning specified in the Preamble to this Agreement. 
 (ll) “Payment Due Date” means the date specified in the Initial Decision or as required under the rules in force in the European Union
in respect of the Bathroom Fittings and Fixtures Proceedings pursuant to which the Charged Parties are required to make payment of the Initial Decision Amount. 
 (mm) “Privilege” shall have the meaning specified in Section 3.3(a). 
 (nn)
“Privileged Information” shall have the meaning specified in Section 3.3(a). 
 (oo) “Release Date”
shall have the meaning specified in Section 4.2. 
 (pp) “Representative” shall mean any Affiliates, directors,
officers, members, partners, employees, accountants, agents, counsel and other professional advisors of any of the Parties to this Agreement. 
 (qq) “Statement of Objections” shall have the meaning specified in the Recitals to this Agreement. 
 (rr)
“Venlo” shall have the meaning specified in the Preamble to this Agreement. 
 (ss) “Voting Securities”
means any securities of WABCO that vote generally in the election of directors. 
 (tt) “WABCO” shall have the meaning
specified in the Preamble to this Agreement. 
 (uu) “WABCO Austria” shall have the meaning specified in the Preamble to
this Agreement. 
 (vv) “WABCO Charged Parties” means ASE, WABCO Austria and any other member of the WABCO Group that is or
becomes a named party in the Bathroom Fittings and Fixtures Proceedings from and after the Effective Time. 
 (ww) “WABCO Election
Notice” shall have the meaning specified in Section 2.2(c). 
 (xx) “WABCO Non-Appeal Notice” shall have the
meaning specified in Section 2.2(c). 
  

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 ARTICLE II 
 INDEMNIFICATION 
 Section 2.1 Indemnification; Release. 
 (a) The Indemnitors shall, jointly and severally, indemnify and hold harmless the Indemnitees from and against, and shall reimburse the Indemnitees with
respect to, any and all Indemnifiable Losses, whether arising prior to or following the Effective Time and whether or not arising out of any acts or omissions by any Indemnitee occurring prior to or following the Effective Time. For the avoidance of
doubt, Indemnifiable Losses shall not include Defense Costs. 
 (b) The Indemnitors hereby remise, release and forever discharge the
Indemnitees from any and all Liabilities whatsoever, whether at law or in equity (including any right of contribution), whether arising under any contract, by operation of law or otherwise (or any theories of successor or transferee liability or de
facto merger or similar indirect theory of liability), including for fraud or willful misconduct, existing or arising from any acts or events occurring or failing to occur or alleged to have occurred or to have failed to occur or any conditions
existing or alleged to have existed on or before the date of this Agreement, in each case relating to any of the Indemnifiable Matters. The Indemnitors hereby unconditionally and irrevocably agree, on behalf of themselves and any of their
Affiliates, that they shall not initiate, pursue or cause or be initiated or pursued, directly or indirectly, any judicial proceeding or Action seeking a judgment, holding or declaration that this Agreement or any of the indemnification or release
obligations of the Indemnitors provided hereunder is, was or would be illegal, invalid or unenforceable in accordance with its terms, and the Indemnitors unconditionally and irrevocably agree that they shall not raise or assert any defense to this
effect in any such proceeding or Action. The Indemnitors acknowledge that they will receive substantial direct and indirect benefits from the transactions contemplated by the Distribution Agreement and the Ancillary Agreements (including, without
limitation, the assumption by ASD of the Remainco Liabilities) and that the waiver, release and agreements set forth in this Section 2.1(b) are knowingly made in contemplation of such benefits and after the advice of counsel. 
 Section 2.2 Bathroom Fittings and Fixtures Proceedings. 
 (a) The defense of the Bathroom Fittings and Fixtures Proceedings shall be controlled, respectively, by WABCO (on behalf of itself, the WABCO Charged Parties and the B&K Charged Parties) and ASD (on behalf of
itself and the ASD Charged Parties); provided, however, from and after the time a B&K Sale is consummated, upon the prior written consent of ASD, the B&K Buyer Parties (on behalf of themselves and the B&K Charged Parties) shall have the
right to observe but not otherwise participate in the defense of the Bathroom Fittings and Fixtures Proceedings, the specific scope of such observation to be determined by mutual agreement of ASD and WABCO in good faith, it being understood that,
without WABCO’s prior written consent, such observation shall in no event constitute active control or participation in the defense, including, without limitation, affirmative rights to determine whether to appeal the Initial Decision or take
other actions contemplated by this Section 2.2 (on behalf of the WABCO Charged Parties or B&K Charged Parties). 
  

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 (b) ASD shall be entitled to select and engage counsel on behalf of itself and the ASD Charged Parties in
respect of their defense and involvement in the Bathroom Fittings and Fixtures Proceedings. The Indemnitor Representative shall be entitled to select counsel on behalf of the WABCO Charged Parties and B&K Charged Parties in respect of the their
involvement and defense in the Bathroom Fittings and Fixtures Proceedings; it being acknowledged that the Indemnitor Representative shall provide prior notice to ASD and the B&K Charged Parties of the selection of any such counsel other than
counsel retained by the WABCO Charged Parties and B&K Charged Parties at the Effective Time and it is further acknowledged that to the extent the Indemnitor Representative (on behalf of the WABCO Charged Parties and B&K Charged Parties)
choose not to retain either Baker & McKenzie or McDermott Will & Emery, ASD shall be entitled to retain either such law firm and WABCO shall not object (and shall provide a waiver of privilege to the extent requested to do so by
ASD) in any way to ASD retaining such counsel on its own behalf in connection with any matter, including the Bathroom Fittings and Fixtures Proceedings. From and after the time a B&K Sale is consummated, upon the prior written consent of ASD,
the B&K Buyer Parties (on behalf of themselves and the B&K Charged Parties) shall be entitled to select counsel on behalf of the B&K Charged Parties in respect of their observation of the Bathroom Fittings and Fixtures Proceedings to the
limited extent contemplated by Section 2.2(a); it being understood that the Defense Costs associated with such counsel shall be the responsibility of the B&K Charged Parties as further provided in Section 2.2(e) hereof. 
 (c) Once an Initial Decision is rendered in the Bathroom Fittings and Fixtures Proceedings, and to the extent that the Charged Parties have standing
under applicable Law to appeal the Initial Decision, (i) ASD (on behalf of the ASD Charged Parties) shall have the right, in its sole discretion and without the consent of any other Party, to appeal the Initial Decision with respect to the
decision rendered against any ASD Charged Party, (ii) WABCO (on behalf of the WABCO Charged Parties and the B&K Charged Parties) shall have the right (or may designate ASE with the right), in its sole discretion and without the consent of
any other Party, to appeal the Initial Decision with respect to the decision rendered against any WABCO Charged Party or any B&K Charged Party, (iii) the WABCO Charged Parties and the B&K Charged Parties may not decide to forego an
appeal to the Initial Decision with respect to the decision rendered against any WABCO Charged Party or any B&K Charged Party if the failure to appeal the Initial Decision would, in any way (as determined in good faith by ASD) prejudice
ASD’s appeal of the Initial Decision with respect to the decision rendered against any ASD Charged Party; it being understood that if the Indemnitor Representative provides written notice to ASD no later than twenty Business Days prior to the
Appeal Deadline Date that it does not wish to appeal the Initial Decision with respect to the decision rendered against any WABCO Charged Party or any B&K Charged Party (a “WABCO Non-Appeal Notice”), ASD shall have the right, if
it has determined in good faith that such non-appeal would, in any way prejudice ASD’s appeal of the Initial Decision with respect to the decision rendered against any ASD Charged Party, to cause the WABCO Charged Parties and the B&K
Charged Parties to appeal the Initial Decision with respect to the decision rendered against the WABCO Charged Parties and the B&K Charged Parties by delivering a written notice at least ten Business Days after its receipt of the WABCO
Non-Appeal Notice to the Indemnitor Representative and the B&K Charged Parties of its election to exercise such right (the “ASD Election Notice”), and upon delivery of the ASD Election Notice the provisions of Section 4.7
shall become applicable, (iv) ASD (on behalf of the ASD Charged Parties) may not decide to forego an 

  

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appeal to the Initial Decision with respect to the decision rendered against any ASD Charged Party if the failure to appeal the Initial Decision would, in
any way (as determined in good faith by WABCO) prejudice WABCO’s (or ASE’s, as applicable) appeal of the Initial Decision (on behalf of the WABCO Charged Parties and B&K Charged Parties) with respect to the decision rendered against
any WABCO Charged Party or B&K Charged Party; it being understood that if ASD provides written notice to the Indemnitor Representative no later than twenty Business Days prior to the Appeal Deadline Date that it does not wish to appeal the
Initial Decision with respect to the decision rendered against any ASD Charged Party (an “ASD Non-Appeal Notice”), the Indemnitor Representative shall have the right, if it has determined in good faith that such non-appeal would, in
any way prejudice WABCO’s (or ASE’s, as applicable) appeal of the Initial Decision with respect to the decision rendered against any WABCO Charged Party or B&K Charged Party, to cause the ASD Charged Parties to appeal the Initial
Decision with respect to the decision rendered against the ASD Charged Parties by delivering a written notice at least ten Business Days after its receipt of the ASD Non-Appeal Notice to ASD of its election to exercise such right (the “WABCO
Election Notice”), and upon delivery of the WABCO Election Notice the provisions of Section 4.8 shall become applicable and (v) except in connection with an appeal initiated by WABCO or ASE (or ASD, in the case of an ASD Election
Notice), as applicable, on behalf of the B&K Charged Parties, the B&K Charged Parties shall not have the right to otherwise appeal the Initial Decision with respect to the decision rendered against any B&K Charged Party, unless the
B&K Charged Parties agree to indemnify the ASD Charged Parties and the WABCO Charged Parties for any fines imposed on the B&K Charged Parties in the Bathroom Fittings and Fixtures Proceedings with such indemnification to be provided pursuant
to an agreement that is mutually acceptable to ASD and WABCO. Upon prior written notice delivered by WABCO or ASE (or ASD, in the case of an ASD Election Notice), as applicable, the B&K Charged Parties agree to be a party to any appeal of the
Initial Decision initiated by WABCO or ASE (or ASD, in the case of an ASD Election Notice), as applicable, on behalf of the WABCO Charged Parties and B&K Charged Parties. 
 (d) Each of ASD (on behalf of the ASD Charged Parties) and WABCO (on behalf of the WABCO Charged Parties and B&K Charged Parties) will give the other
Party prompt notice of any intent to appeal the Initial Decision with respect to the decision rendered against such Charged Parties; provided, that any Non-Appeal Notice must be delivered in accordance with Section 2.2(c). Any written
submissions and responses, or the provision of any information or documents to Governmental Entities, in each case, with respect to the Bathroom Fittings and Fixtures Proceedings, including the contents of any submissions in the appeals process, if
applicable, shall be prepared by ASD (with respect to any such matters submitted on behalf of any ASD Charged Party) and WABCO (with respect to any such matters submitted on behalf of any WABCO Charged Party or any B&K Charged Party); provided,
that if ASD delivers an ASD Election Notice, the contents of any such submissions on behalf of any WABCO Charged Party or any B&K Charged Party shall be prepared at the direction of ASD (which may include preparation by counsel to the WABCO
Charged Parties and B&K Charged Parties existing as of the Effective Time or at the time of any such submission) and with consultation with the Indemnitor Representative; provided, further, however, if WABCO delivers a WABCO Election Notice, the
contents of any such submissions on behalf of any ASD Charged Party shall be prepared at the direction of WABCO or ASE, as applicable (which may include preparation by counsel to the ASD Charged Parties existing as of the Effective Time or at the

  

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time of any such submission) and with consultation with ASD. The Parties shall, and shall cause their Affiliates to, promptly inform the other of any
communication from any Governmental Entity relating to the Bathroom Fixtures and Fittings Proceedings and shall promptly furnish the other with copies of any such written notices or other communications. In the event that any Party or its Affiliates
receives a request for information or other documentary material from any such Governmental Entity relating to the Bathroom Fixtures and Fittings Proceedings, ASD or WABCO, as the case may be, shall endeavor in good faith to make, or cause to be
made, as soon as reasonably practicable and after consultation with the other Party, an appropriate response in compliance with such request and to provide the other Parties (and their counsel), upon request, advance drafts of all filings or
submissions in connection therewith. ASD or WABCO, as applicable, shall provide the other with a reasonable opportunity in light of the circumstances to review and comment on such filings or submissions (including any memorandum of law, pleadings
and briefs) and shall consider in good faith modifications or comments to such filings or submissions that are requested by the other. ASD and WABCO shall each offer the other the opportunity to jointly participate in any scheduled hearings or other
meetings with Governmental Entities with respect to the Bathroom Fittings and Fixtures Proceedings, except in the unusual circumstance where it is impractical (given the timing and circumstances) to do so, provided that in such case, the Party
participating in such informal meeting or discussions shall promptly provide notice to the other Parties of the content and substance of any such meetings or discussions. For the avoidance of doubt, the Parties acknowledge that the information and
documents referred to in this Section 2.2(d) shall be subject to Sections 3.3 and 3.4 of this Agreement. 
 (e) In connection with the
Bathroom Fittings and Fixtures Proceedings, (i) ASD shall be responsible for the Defense Costs of the ASD Charged Parties incurred prior to the delivery of a WABCO Election Notice, if any, or if no WABCO Election Notice is delivered, at all
times from and after the Effective Time, and (ii) WABCO shall be responsible for the Defense Costs of the WABCO Charged Parties and the B&K Charged Parties incurred prior to the delivery of an ASD Election Notice, if any, or if no ASD
Election Notice is delivered, at all times from and after the Effective Time; provided, however, if the B&K Charged Parties engage counsel on their own behalf to the limited extent permitted by Section 2.2(a), the B&K Buyer Parties
and/or B&K Charged Parties, as applicable, shall be responsible for the Defense Costs associated with the B&K Charged Parties limited involvement in the Bathroom Fittings and Fixtures Proceedings. If and only if ASD delivers an ASD Election
Notice in accordance with Section 2.2(c), then from and after the delivery of such ASD Election Notice, ASD shall be responsible for the Defense Costs of the WABCO Charged Parties and the B&K Charged Parties incurred at the direction of
ASD. If and only if WABCO delivers a WABCO Election Notice in accordance with Section 2.2(c), then from and after the delivery of such WABCO Election Notice, WABCO shall be responsible for the Defense Costs of the ASD Charged Parties incurred
at the direction of WABCO. 
 (f) Notwithstanding anything to the contrary contained in this Agreement, the rights and obligations of the
Parties with respect to the settlement of the Bathroom Fixtures and Fittings Proceedings shall be governed exclusively by this Section 2.2(f). No Charged Party may consent to the entry of any judgment or enter into any settlement with respect
to the Bathroom Fittings and Fixtures Proceedings, whether prior to the Initial Decision Date or at any time thereafter, including during any appeal thereof, without the consent of ASD and WABCO; 

  

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provided, that, WABCO may enter into any settlement with respect to the Bathroom Fittings and Fixtures Proceedings without the consent of any other Party if
and only if the settlement relates solely to monetary damages to be borne by the Indemnitors and includes a unconditional release of the ASD Charged Parties from any Liabilities in connection therewith and unconditionally absolves the ASD Charged
Parties from any wrongdoing in connection therewith. 
 (g) Following the consummation of a B&K Sale, if ASD shall receive notice or
otherwise learn of the assertion of any indemnification claim that may be brought against ASD or any of its Affiliates or their respective Representatives by the B&K Buyer Parties or any of their Affiliates (including, following a B&K Sale,
any B&K Charged Party) or their Representatives that relate to the Bathroom Fittings and Fixtures Proceedings and as to which ASD is or may be entitled to indemnification pursuant to this Agreement, ASD shall notify the Indemnitor Representative
in writing, and in reasonable detail, of such claim promptly (and in any event within five (5) Business Days) after receipt by ASD of written notice of, or upon becoming aware of, such claim; provided, however, that the failure to
provide notice of any such claim pursuant to this sentence shall not release any of the Indemnitors from any of their obligations hereunder except and solely to the extent the Indemnitors shall have been materially prejudiced as a result of such
failure. Thereafter, ASD shall deliver to the Indemnitor Representative, promptly (and in any event within five (5) Business Days) after ASD’s receipt thereof, copies of all notices and documents received by ASD relating to such claim.

 ARTICLE III 
 COOPERATION AND
OTHER MATTERS 
 Section 3.1 Cooperation. Each Party to this Agreement, through and with the involvement of its respective counsel to
the extent contemplated by Section 2.2(a), shall in good faith cooperate, engage in communications and share and exchange documents, information, and analyses in connection with, and in order to respond to, the Indemnifiable Matters. Such
cooperation shall include, without limitation, (i) the provision to the other Parties to this Agreement of records and information which are necessary to the defense or appeal of such Indemnifiable Matters and which are reasonably requested by
any other Party and making employees (and, to the extent reasonably feasible, former employees) available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder, regardless of whether any
conflict of interest exists between or among any Parties hereto with respect to any Indemnifiable Matter and (ii) consultation regarding the defense of the Indemnifiable Matters. For the avoidance of doubt, the Parties acknowledge that the
information and documents referred to in this Section 3.1 shall be subject to Sections 3.3, 3.4 and 4.6 of this Agreement. 
 Section
3.2 Witness Services. Subject to Section 4.6, each of the Parties shall use their respective reasonable efforts to make available to the other Parties, upon reasonable written request, their and their Affiliates officers, directors,
employees and agents as witnesses to the extent that such individuals may reasonably be required to testify or otherwise cooperate in connection with the defense of the Indemnifiable Matters (including any appeals relating thereto). 
  

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 Section 3.3 Privileged Information. 
 (a) Each Party hereto agrees to maintain, preserve and assert all privileges, including privileges arising under or relating to the attorney-client
relationship (which shall include the attorney-client and work product privileges), not heretofore waived, that relate, directly or indirectly, to the Indemnifiable Matters (each a “Privilege”). Each Party hereto acknowledges and
agrees that any costs associated with asserting any Privilege shall be borne by the Party requesting that such Privilege be asserted. Each Party agrees that it shall not waive any Privilege that could be asserted under applicable Law without the
prior written consent of ASD (in the case of a waiver by any member of the WABCO Group, or following a B&K Sale, any waiver by a B&K Charged Party) or WABCO (in the case of a waiver by an ASD Charged Party or any waiver by a B&K Charged
Party). The rights and obligations created by this Section 3.3 shall apply to all information relating to the Indemnifiable Matters as to which, but for the Distribution, either Party would have been entitled to assert or did assert the
protection of a Privilege (“Privileged Information”), including (i) any and all information generated prior to the Effective Time but which, after the Effective Time, is in the possession of either Party and (ii) all
information generated, received or arising after the Effective Time that refers to or relates to Privileged Information generated, received or arising prior to the Effective Time. In connection with the Bathroom Fittings and Fixtures Proceedings,
the respective counsel of the Parties hereto shall enter into a customary joint defense agreement containing provisions consistent with this Article III in the form attached as Exhibit A hereto (the “Defense Agreement”). If, at any
time from and after the consummation of a B&K Sale, a B&K Charged Party elects to engage its own counsel in respect of the B&K Charged Parties involvement in the Bathroom Fittings and Fixtures Proceedings in accordance with
Section 2.2(b) of this Agreement, such Charged Party shall ensure that its counsel shall execute a joinder to the Defense Agreement pursuant to which such counsel will agree to be bound by the rights and restrictions imposed on the other
counsel party to the Defense Agreement as of the date hereof. 
 (b) Upon receipt by any Party of any subpoena, discovery or other request
that may call for the production or disclosure of Privileged Information or if any Party obtains knowledge that any current or former employee of such Party has received any subpoena, discovery or other request that may call for the production or
disclosure of Privileged Information of the other Parties, such Party shall notify promptly the other Parties of the existence of the request and shall provide the other Parties a reasonable opportunity to review the information and to assert any
rights it may have under this Section 3.3 or otherwise to prevent the production or disclosure of Privileged Information. The Parties hereto agree that they will not produce or disclose any information or document over which they reasonably
believe another Party has any claim of Privilege under this Section 3.3 unless (i) the Party who may claim a Privilege has provided its written consent to such production or disclosure (which consent shall not be unreasonably withheld) or
(ii) a court of competent jurisdiction has issued a ruling that the information is not entitled to protection under any applicable Privilege. 
 (c) ASD’s (on behalf of the members of the ASD Group) transfer of books and records and other information to the members of the WABCO Group, and ASD’s agreement to permit WABCO to possess Privileged Information existing or
generated prior to the Effective Time, are made in reliance on WABCO’s agreement, as set forth in Distribution Agreement, to maintain the confidentiality of Privileged Information and to assert and maintain all applicable 

  

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Privileges. The access to information being granted pursuant to this Agreement and the Distribution Agreement, the agreement to provide witnesses and
individuals pursuant to Section 3.2 of this Agreement and the transfer of Privileged Information to WABCO pursuant to this Agreement and the Distribution Agreement shall not be deemed a waiver of any Privilege that has been or may be asserted
under this Section 3.3 or otherwise. Nothing in this Agreement or the Distribution Agreement shall operate to reduce, minimize or condition the rights granted to ASD in, or the obligations imposed upon WABCO by, this Section 3.3.

 Section 3.4 Common Interest. (a) The Parties hereto and their respective counsel believe that (i) there is a mutuality of
interest with respect to the Indemnifiable Matters and (ii) communications between or among the Parties’ counsel and communications involving the Parties in the presence of such counsel regarding Indemnifiable Matters have been and will
continue to be essential to the provision of legal advice regarding Indemnifiable Matters and the continued effective representation of the Parties in connection with Indemnifiable Matters. Accordingly, it is the intention and understanding of the
each of the Parties, on behalf of itself and its respective counsel and other Representatives, that any communications among the Parties or their counsel regarding Indemnifiable Matters are confidential and protected from disclosure to any third
party by the attorney-client, common interest and work-product privileges, whether or not so identified or marked. The protection from disclosure includes, but is not limited to, disclosure in litigation relating to Indemnifiable Matters.
Notwithstanding anything to the contrary herein, nothing shall prevent the disclosure of the existence of this Agreement or the terms hereof. 
 (b) “Common Interest Materials” shall include, without limitation, all work and communications preparatory to the identification of and related to the defense of the Indemnifiable Matters. In order to accomplish the
objectives of this Agreement, the Parties agree that the following shall be deemed to be Common Interest Materials and shall be covered by this Agreement: (i) all work product and communications relating to the Indemnifiable Matters or this
Agreement, (ii) all communications and information relating to the Indemnifiable Matters or this Agreement made or given by, between, or among the Parties hereto or their respective counsel and disclosed by one Party or its counsel to any other
Party or its counsel, (iii) memoranda of law and all analyses and materials related to Indemnifiable Matters, (iv) all agreements, contracts and other memoranda, including preparatory materials, drafts and all oral and written
communications pertaining to Indemnifiable Matters, and (v) any documents or information that would otherwise be protected by any applicable privilege or work product protection from disclosure to third parties other than the Parties hereto.
For the avoidance of doubt, Common Interest Materials shall not include this Agreement or any information relating the Indemnifiable Matters or to a Party which is or becomes publicly available other than through a breach of this Agreement by the
disclosing Party. 
 (c) No Common Interest Materials received by a Party, or its counsel, from another Party, or its counsel, shall be
disclosed to any third party without prior consent of the Party that has supplied the materials pursuant to this Agreement (which consent shall not be unreasonably withheld). Notwithstanding the foregoing and any other restriction or limitation
contained herein, in the event of any dispute between or among the Parties, each Party may disclose Common Interest Material in or in connection with any proceeding resulting from such dispute to the extent reasonably necessary, but shall use its
reasonable best efforts to obtain a 

  

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confidentiality stipulation with respect to the Common Interest Materials. In addition, if Common Interest Materials are required by applicable Law to be
disclosed in connection with any Action or otherwise, or are requested to be disclosed to any Governmental Entity, any Party may disclose such materials (to the extent lawful to do so) if (i) before doing so it uses its reasonable best efforts
in consultation with the relevant other Parties (or their counsel) to obtain a confidentiality stipulation with respect to such disclosure and (ii) if such efforts are not successful, it limits the scope of any disclosures to only that portion
of the Common Interest Materials which it believes in good faith, after consultation with outside counsel, that it is required to furnish under applicable Law or in order to appropriately conduct such Action or the defense thereof, as the case may
be. 
 (d) The Parties agree that if any attempt is made by any third party to secure or obtain Common Interest Materials, the other Parties
shall be promptly notified and shall be given copies of any writings or documents, including subpoenas, summonses and the like, which relate to the attempt by the third party to obtain the information and such other Parties shall be given a
reasonable opportunity to oppose the production of such requested Common Interest Material. 
 (e) The Parties agree that the Common Interest
Materials created or produced by any other Party to this Agreement shall only be used in connection with the Indemnifiable Matters to which they relate. Except as otherwise expressly set forth herein, a Party may not use any Common Interest Material
that are created or produced by any other Party in connection with any other matter or proceeding without the express prior written consent of the Party that created or produced such material. However, nothing in this Agreement shall prevent any
Party from using Common Interest Materials that it created or produced in any other subsequent proceeding or matter. The Common Interest Materials shall remain the property of the producing Party and, following the conclusion of any Action, shall be
returned to such Party upon twenty (20) days’ written notice. 
 (f) Each Party acknowledges that, as a result of this Agreement,
legal counsel for each of the other Parties may have access to confidential information of such Party in the form of Common Interest Materials. Each Party hereby acknowledges and agrees that nothing in this Agreement and no sharing of information
with such legal counsel pursuant to the terms of this Agreement shall be deemed to create an attorney-client relationship between any attorney and anyone other than the client of that attorney. Each Party hereby represents and agrees that it will
not seek to disqualify counsel for any other Party from continuing to represent such other Party in any subsequent proceedings, whether or not that other Party’s interests become adverse to it, on the basis of access to information obtained
hereunder. 
 (g) Each of the Parties hereto agrees, on behalf of itself and its respective counsel and other Representatives, that to the
extent the Parties, their counsel and other Representatives of the Parties have already been in communication with one another about Indemnifiable Matters, their communications and work-product are subject to Section 3.4. 
  

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 ARTICLE IV 
 COVENANTS 
 Section 4.1 Payment; Timing; Escrow. 
 (a) Payment. The Parties acknowledge and agree that the Indemnitors shall be responsible for and shall pay, on behalf of the Indemnitees, any and
all Indemnifiable Losses imposed on any of the Indemnitees in connection with the Indemnifiable Matters and the Indemnitees shall in no event be required to make any such payment and then seek indemnification hereunder; provided, however, if ASD or
any of the other Indemnitees makes any such payment for any reason whatsoever, nothing herein shall limit its rights to seek indemnification from the Indemnitors in accordance with Section 2.1 hereof, except to the extent provided in
Section 4.7(c), if applicable. 
 (b) Escrow. Following the Initial Decision Date and at least thirty (30) calendar days
prior to the Payment Due Date (the “Funding Date”), WABCO shall or shall cause any other Indemnitor to deposit the Initial Decision Amount (the “Escrowed Amount”) by wire transfer in immediately available cash into an
escrow account (the “Escrow Account”) with a third party banking institution which is mutually acceptable to ASD and WABCO to be governed by an escrow agreement entered into among WABCO, the WABCO Charged Parties, ASD and the escrow
agent (the “Escrow Agreement”) in substance and form reasonably acceptable to ASD and WABCO, which Escrow Agreement shall contain customary terms and conditions and shall reflect the agreed upon mechanics set forth in this
Section 4.1. Following the deposit of the Escrowed Amount into the Escrow Account, seven Business Days prior to the Payment Due Date (or such earlier date as ASD and WABCO may mutually agree): 
 (i) if, in accordance with Section 2.2, neither WABCO (on behalf of the WABCO Charged Parties or B&K Charged Parties) nor ASD (on
behalf of the ASD Charged Parties) appeal the Initial Decision by the Appeal Deadline Date, the Escrowed Amount will be released (pursuant to a written instruction that ASD is required to deliver to the escrow agent in accordance with the Escrow
Agreement) to the European Commission in the manner specified in the Initial Decision or otherwise provided by applicable Law; or 
 (ii) if, in accordance with Section 2.2, WABCO (on behalf of the WABCO Charged Parties or B&K Charged Parties) or ASD (on behalf of the ASD Charged Parties) appeal the Initial Decision by the Appeal Deadline Date with respect to
the decision rendered against any such Charged Party, the Escrowed Amount will be released seven Business Days prior to the Payment Due Date (pursuant to a written instruction that ASD is required to deliver to the escrow agent in accordance with
the Escrow Agreement) to the European Commission in the manner specified in the Initial Decision or otherwise provided by applicable Law; provided, however, in lieu of the foregoing, if, at least nine Business Days prior to the Payment Due Date,
WABCO provides or causes to be provided (x) a bank guarantee that is accepted by the European Commission which guarantees the Initial Decision Amount and the amount of any interest that will accrue on the Initial Decision Amount and will be due
and owing to the European Commission between the Payment Due Date and the date on which the fine 

  

 15 

 
and any accrued interest thereon have been paid in full following the rendering of a final resolution of the Bathroom Fittings and Fixtures Proceedings
(including the final judgment concluding the appeal process initiated by the Charged Parties in connection with the Bathroom Fittings and Fixtures Proceedings), in each case determined in accordance with the Initial Decision and the applicable rules
in force in the European Union (with copies of such bank guarantee being simultaneously provided to ASD and the escrow agent) and (y) such other evidence, to ASD’s reasonable satisfaction, that the European Commission has accepted the bank
guarantee in the form and amount provided by WABCO, the Escrowed Amount shall be released if ASD determines, in its good faith discretion, that clause (x) and (y) above have been satisfied (such guarantee being referred to herein as an
“Accepted and Confirmed Bank Guarantee”), pursuant to a written instruction delivered by ASD to the escrow agent in accordance with the Escrow Agreement, by wire transfer of immediately available funds to an account designated by
WABCO. For the avoidance of doubt, from and after the time WABCO provides or causes to be provided an Accepted an Confirmed Bank Guarantee in accordance with this Agreement (whether through an Early Payment or pursuant to this
Section 4.1(b)(ii)), according to the standard practice of the European Commission, WABCO shall have the right, with the consent of ASD, to replace such bank guarantee, in whole or in part, with a provisional payment in the manner specified by
the Initial Decision or as otherwise agreed by the European Commission and ASD. 
 (c) Interest. Any interest that accrues on the
Escrowed Amount between the date such funds are deposited into the Escrow Account and the date such funds are released from the Escrow Account pursuant to any of subclauses (i) or (ii) above shall be delivered to WABCO, after deduction for
any fees and expenses of the escrow agent and its reasonable expenses of outside advisors, at the time such Escrowed Amount is so released. 
 (d) Early Payment. Notwithstanding anything to the contrary contained in this Section 4.1, if (i) with the prior written consent of ASD, WABCO (on behalf of the WABCO Charged Parties and the B&K Charged Parties) pays or
causes to be paid the Initial Decision Amount in cash to the European Commission prior to the Funding Date or (ii) WABCO (on behalf of the WABCO Charged Parties and the B&K Charged Parties) provides or causes to be provided prior to the
Funding Date an Accepted an Confirmed Bank Guarantee (each, an “Early Payment”), neither WABCO nor any other Indemnitor shall have any obligation to deposit any funds into the Escrow Account on the Funding Date or thereafter.

 Section 4.2 Letter of Credit. From and after the date hereof until the date (the “Release Date”) the Indemnitors
pay the Escrowed Amount in cash to the Escrow Account in accordance with Section 4.1 (or the date an Early Payment is made) if a Change of Control of WABCO should occur, then, upon the demand of ASD, WABCO (or any such successor) shall be
required to post a letter of credit or similar security obligation reasonably acceptable to ASD in respect of the Indemnifiable Losses under this Agreement in an amount equal to $880,000,000 USD (which amount shall be converted to EURO at the time
such letter of credit or similar security obligation is required to be posted, based on the prevailing exchange rate at the close of business on the second Business Day immediately prior to such time such letter of credit or similar security
obligation is required to be posted) or, if an Initial Decision has been rendered, such other amount as may be specified in the Initial Decision; provided, however, in 

  

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the event of a Change of Control of WABCO, with ASD’s prior written consent (which may be withheld in its sole and absolute discretion) in lieu of WABCO
posting such letter of credit or similar security obligation, the Person acquiring WABCO may provide to ASD and the other Indemnitees a full, unconditional and irrevocable guarantee of the Indemnitors obligations hereunder. In the event of a Change
of Control of WABCO, such letter of credit, similar security obligation or guarantee, as applicable, shall be posted or delivered at or prior to the consummation of such Change of Control. For the avoidance of doubt, the posting of such a letter of
credit, similar security obligation or guarantee, as applicable, shall in no event relieve the Indemnitors (or their respective successors) with respect to any Indemnifiable Losses under this Agreement, and shall not result in a cap on the
Indemnitors’ (or any respective successors) Indemnifiable Losses with respect thereto. The letter of credit or similar security obligation shall provide that, without any further action on the part of any Indemnitor, funds thereunder shall be
released to ASD (or, at the direction of ASD, to the applicable Indemnitee) upon such time as ASD provides a written instruction to the applicable bank or other issuer of such letter of credit, that any such Indemnitee is entitled to be reimbursed
for Indemnifiable Losses under this Agreement. Upon such payment in full to the Indemnitees, the letter of credit shall be terminated. 
 Section 4.3 Public Announcements. No Party hereto shall issue any press release or make any similar public announcement or communication concerning any information relating to any Indemnifiable Matter, without the prior written
consent of ASD (in the case of a public statement by any member of the WABCO Group or, following a B&K Sale, a statement by any B&K Charged Party) or WABCO (in the case of a public statement by any member of the ASD Group), in each case such
consent not to be unreasonably withheld. Notwithstanding the foregoing, either ASD or WABCO may make or cause to be made any such press release or similar public announcement or communication as such Party may deem necessary or appropriate,
including in order to comply with the requirements of any applicable Laws or the rules and regulations of each stock exchange upon which the securities of ASD or WABCO, as applicable, are listed; provided, that to the extent in the good faith
judgment of ASD or WABCO it is reasonably practicable to do so, ASD or WABCO, as applicable, (x) will provide the other with a reasonable opportunity in light of the circumstances to review the intended communication and (y) consider in
good faith modifications to the intended communication that are requested by the other. For the avoidance of doubt, the Parties acknowledge that, without the written consent of any Party, this Agreement may be filed as an exhibit to any periodic or
current report filed by ASD or WABCO from and after the date hereof. 
 Section 4.4 Access to Information and Confidentiality. The
Parties acknowledge that Sections 7.2 and 7.4 of the Distribution Agreement are hereby incorporated by reference but solely as they relate to the Indemnifiable Matters. 
 Section 4.5 B&K Buyer Parties Cooperation. ASD shall in good faith seek to include a provision in any definitive sale agreement relating to a B&K Sale (the “B&K Sale Agreement”)
whereby WABCO would be a third party beneficiary of the obligations of the B&K Buyer Parties (i) to cooperate with WABCO in connection with the Bathroom Fittings and Fixtures Proceedings and (ii) to acknowledge that WABCO will have
authority and control over the investigation, prosecution, defense and appeal of the Bathroom Fittings and Fixtures Proceedings on behalf of the B&K Charged Parties. Notwithstanding the foregoing, the parties 

  

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acknowledge and agree that, as of the Effective Time, no agreement relating to a B&K Sale will have been finalized with any B&K Buyer Parties and
that, as a result, neither ASD nor any B&K Charged Party can ensure that any of the provisions set forth in the first sentence hereof will be included in the B&K Sale Agreement. Therefore, WABCO acknowledges that ASD shall have no liability
hereunder if any such definitive B&K Sale Agreement does not include such provisions for the benefit of WABCO. 
 Section 4.6 ASD
Cooperation. Nothing in this Agreement shall be deemed to impose any obligation on ASD to cooperate with WABCO or any of the WABCO Charged Parties and/or any of the B&K Charged Parties (or B&K Buyer Parties) with respect to the
production of any documentation or information not subject to Section 3.3. that would, in the good faith judgment of ASD, prejudice in any respect any substantive, procedural or jurisdictional defenses that ASD may assert with respect to the
Bathroom Fittings and Fixtures Proceedings. This Section 4.6 shall also apply in respect of the cooperation referred to in Section 3.2. For the avoidance of doubt, this Section 4.6 shall not affect ASD’s obligation to cooperate to the
extent that in the reasonable judgment of WABCO, ASD’s cooperation is required to assist WABCO with its substantive defense. 
 Section
4.7 ASD Election Notice. Notwithstanding anything to the contrary contained in this Agreement, in the event that WABCO delivers a WABCO Non-Appeal Notice and ASD responds by delivering an ASD Election Notice, in each case in accordance with
Section 2.2, then: 
 (a) if the Escrowed Funds were released to the European Commission in accordance with Section 4.1(b)(ii) and
the Initial Decision Amount is reduced on appeal following the rendering of a final resolution of the Bathroom Fittings and Fixtures Proceedings (including the final judgment concluding the appeal process initiated by, or at the direction of, ASD in
connection with the Bathroom Fittings and Fixtures Proceedings) then ASD shall have the right to, and the WABCO Charged Parties and B&K Charged Parties acknowledge that ASD shall be entitled to, the amount of such reduction, plus accrued
interest on such reduction amount determined in accordance with the applicable rules in force in the European Union, which such amount shall be distributed to ASD when refunded by the European Commission; 
 (b) if, in lieu of the Escrowed Funds being released to the European Commission in accordance with Section 4.1(b)(ii), WABCO provided, or caused to
be provided, a bank guarantee to the European Commission covering the Initial Decision Amount plus interest as required pursuant to Section 4.1(b)(ii) and the Initial Decision Amount is reduced on appeal following the rendering of a final
resolution of the Bathroom Fittings and Fixtures Proceedings (including the final judgment concluding the appeal process initiated by, or at the direction of, ASD in connection with the Bathroom Fittings and Fixtures Proceedings) then WABCO is
hereby obligated to pay, or cause to be paid, to ASD a cash amount equal to the amount of such reduction; and the amount of the fine, as so reduced, plus accrued interest shall be paid by WABCO (or its designees (including bank guarantor as may be
provided in the relevant bank guarantee)) to the European Commission in accordance with applicable rules in force in the European Union; and 
 (c) if the Initial Decision Amount is increased on appeal following the rendering of a final resolution of the Bathroom Fittings and Fixtures Proceedings (including the final judgment concluding the appeal process initiated by, or at the
direction of, ASD in connection with the Bathroom Fittings and Fixtures Proceedings) then ASD hereby agrees to indemnify and hold harmless WABCO, the WABCO Charged Parties and the B&K Charged Parties from and against, and shall reimburse and be
responsible for the payment to the European 

  

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Commission of, any such increased amount; it being understood that ASD is only responsible for the amount by which the fine was increased over the Initial
Decision Amount and the Indemnitors remain responsible for, and indemnify the Indemnitees in accordance with Section 2.2 with respect to, the payment of the Initial Decision Amount plus accrued interest. 
 Section 4.8 WABCO Election Notice. Notwithstanding anything to the contrary contained in this Agreement, in the event that ASD delivers an ASD
Non-Appeal Notice and WABCO responds by delivering a WABCO Election Notice, in each case in accordance with Section 2.2, then: 
 (a) if
the Escrowed Funds were released to the European Commission in accordance with Section 4.1(b)(ii) and the Initial Decision Amount is reduced on appeal following the rendering of a final resolution of the Bathroom Fittings and Fixtures
Proceedings (including the final judgment concluding the appeal process initiated by, or at the direction of, WABCO or ASE, as applicable, in connection with the Bathroom Fittings and Fixtures Proceedings) then WABCO shall have the right to, and the
ASD Charged Parties and B&K Charged Parties acknowledge that WABCO shall be entitled to, the amount of such reduction, plus accrued interest on such reduction amount determined in accordance with the applicable rules in force in the European
Union, which such amount shall be distributed to WABCO when refunded by the European Commission; 
 (b) if, in lieu of the Escrowed Funds
being released to the European Commission in accordance with Section 4.1(b)(ii), WABCO provided, or caused to be provided, a bank guarantee to the European Commission covering the Initial Decision Amount plus interest as required pursuant to
Section 4.1(b)(ii) and the Initial Decision Amount is reduced on appeal following the rendering of a final resolution of the Bathroom Fittings and Fixtures Proceedings (including the final judgment concluding the appeal process initiated by, or
at the direction of, WABCO or ASE, as applicable, in connection with the Bathroom Fittings and Fixtures Proceedings) then WABCO shall have no obligation to pay, or cause to be paid, to ASD the amount of such reduction; and the amount of the fine, as
so reduced, plus accrued interest shall be paid by WABCO (or its designees (including bank guarantor as may be provided in the relevant bank guarantee)) to the European Commission in accordance with applicable rules in force in the European Union;
and 
 (c) if the Initial Decision Amount is increased on appeal following the rendering of a final resolution of the Bathroom Fittings and
Fixtures Proceedings (including the final judgment concluding the appeal process initiated by, or at the direction of, WABCO or ASE, as applicable, in connection with the Bathroom Fittings and Fixtures Proceedings) then the Indemnitors hereby agree
to indemnify and hold harmless the Indemnitees from and against, and shall reimburse and be responsible for the payment to the European Commission of, any such increased amount in addition to the Initial Decision Amount in accordance with
Section 2.2 with respect to, the payment of the Initial Decision Amount plus accrued interest. 
  

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 ARTICLE V 
 DISPUTE RESOLUTION 
 Section 5.1 Negotiation. The Parties shall make a good faith attempt to resolve
any dispute arising in connection with the Agreement (a “Dispute”) through negotiation. Within 10 days after notice of a Dispute is given by either ASD (on behalf of any Indemnitee) to WABCO (on behalf of any Indemnitor), or vice versa,
ASD and the Indemnitor Representative shall select one or more representatives who are the general counsel or other senior executive officer of such disputing Party and such representatives shall meet and make a good faith attempt to resolve such
Dispute and shall continue to negotiate in good faith in an effort to resolve such Dispute without the necessity of any formal proceedings. 
 Section 5.2 Arbitration. If such representatives fail to resolve the Dispute within the 10 day period, unless otherwise mutually agreed by ASD and WABCO, ASD or WABCO shall have the right to submit such Dispute to final and binding
arbitration. It is the intent of the Parties that any such arbitration be structured in such a way as to result in a resolution of such Dispute as promptly as practicable in accordance herewith. The arbitration panel shall consist of 3 members, one
selected by ASD, one selected by WABCO and the third to be mutually agreed upon by ASD and WABCO. The Party instituting the arbitration proceeding shall provide notice to the other Parties describing in reasonable detail the nature of the Dispute,
the claims of the disputing Party and the requested relief. Within 15 days of receipt of a demand for arbitration, the other Party shall furnish the disputing Party with a written statement answering the claims, in reasonable detail, of the
disputing Party. All Parties will provide all reasonable cooperation to the other Party and the arbitration panel in conducting the arbitration proceeding. The prevailing Party in any arbitration shall be entitled to expense reimbursement, including
costs of attorneys’ and other professional fees, incurred in connection with the arbitration. In connection with any Dispute, the arbitration panel shall be obligated to apply solely principles of Law. Any arbitration shall be conducted
pursuant to the Rules. The decision of the arbitration panel shall be final and non-appealable and may be enforced in any court of competent jurisdiction. 
 Section 5.3 Discovery. With respect to discovery in an arbitration proceeding, the arbitration panel must allow each Party to make discovery requests for documents of the other Parties where the information
sought is reasonably calculated to lead to discovery of admissible evidence, and each Party agrees to respond to such discovery request within a reasonable time. 
 Section 5.4 Awards. The arbitration panel shall be instructed to use best efforts to complete all arbitration hearings within 2 weeks from the date of the arbitrator’s appointment and render a decision
within 1 month from such date. The arbitration panel shall be entitled, if appropriate, to award any remedy in such proceedings that is permitted under this Agreement and applicable Law, including monetary damages, specific performance and other
forms of legal and equitable relief. The Parties hereby waive any claim to exemplary, punitive, multiple or similar damages in excess of compensatory damages, attorneys’ fees, costs and expenses of arbitration, except as may be expressly
required by statute or as necessary to indemnify a Party for a Third Party Claim and the arbitration panel is not empowered to and shall not award such damages. Any final award must provide that the Party against whom an award is issued shall comply
with the order within a specified period of time, not to exceed 10 days. 
  

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 Section 5.5 Pre-Hearing Procedure and Disposition. Nothing contained herein is intended to or
shall be construed to prevent any Party, from applying to any court of competent jurisdiction for interim measures or other provisional relief in connection with the subject matter of any Dispute, including to compel a Party to arbitrate any Dispute
or to require witnesses to obey subpoenas issued by the arbitrator(s). Without prejudice to such provisional remedies as may be available under the jurisdiction of a court, the arbitral tribunal shall have full authority to grant provisional
remedies and to direct the Parties to request that any court modify or vacate any temporary or preliminary relief issued by such court, and to award damages for the failure of any Party to respect the arbitral tribunal’s orders to that effect.
The Parties agree to accept and honor any orders relating to interim or provisional remedies that are issued by the arbitrator(s) and agree that any such interim order or remedy may be enforced, as necessary, in any court of competent jurisdiction.

 ARTICLE VI 
 MISCELLANEOUS

 Section 6.1 Authorization; Enforceability. Each of the Parties hereto represents and warrants that: (i) the execution,
delivery and performance of this Agreement and the transactions contemplated by this Agreement (1) are within the corporate or other legal authority of such Party, (2) have been duly authorized by all necessary corporate or other
proceedings by such Party and (3) do not and will not conflict with or result in any breach or contravention of any applicable Law or any Contract or of the certificate of incorporation, bylaws, or any similar organizational documents of such
Party; and (ii) the execution and delivery of this Agreement will result in a valid and legally binding obligation of such Party enforceable against it in accordance with the terms and provisions hereof. 
 Section 6.2 Notices. All notices, requests, claims, demands and other communications under this Agreement as between the Parties, shall be in
writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt unless the day of receipt is not a Business Day or the time of receipt in such Business Day is after 6:00 p.m. (addressee’s local time), in
which case it shall be deemed to have been duly given or made at 9:00 a.m. (addressee’s local time) on the next Business Day) by delivery in person, by overnight courier service, by facsimile with receipt confirmed (followed by delivery of an
original via overnight courier service) or by registered or certified mail (postage prepaid, return receipt requested) to the respective Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given
in accordance with this Section 6.2): 
  

 21 

 If to ASD or any other ASD Charged Party, to: 
 American Standard Companies Inc. 
 One Centennial Avenue 
 P.O. Box 6820 
 Piscataway, NJ 08855-6820 
 Attn: Mary Beth Gustafsson, Esq. 
 Facsimile: 732-980-6057 
 With a copy to: 
 Skadden, Arps, Slate, Meagher & Flom LLP 
 Four Times Square 
 New York, New York 10036 
 Attn: Eileen T. Nugent 
         Thomas W. Greenberg

 Facsimile: 212-735-2000 
 To an Indemnitor, to: 
 c/o WABCO Holdings Inc. 
 [ADDRESS] 
 Attn: 
 Facsimile: 
 With a copy to: 
 [        ] 
 [ADDRESS] 
 Attn: 
 Facsimile: 
 Following a B&K Sale, if to a B&K Charged Party, to the B&K Buyer Parties at the address specified in notice provisions in the agreement relating to such B&K Sale. 
 Section 6.3 Successors and Assigns; Additional WABCO Parties. 
 (a) This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns. Neither this Agreement, nor any rights, interests or obligations
hereunder, may be directly or indirectly assigned, delegated, sublicensed or transferred by any of the Indemnitors, in whole or in part, to any other Person without the prior written consent of ASD. ASD shall have the right, without the prior
consent of the Indemnitors or any other Party hereto, at any time, to assign all or a portion of its rights to indemnification under this Agreement to any B&K Buyer Party. In addition, ASD may assign all or any portion of its rights hereunder to
any of its Affiliates or in connection with a collateral assignment for the benefit of its lenders. Promptly following any such assignment 

  

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permitted pursuant to the prior two sentences, ASD shall provide written notice to the Indemnitor Representative and the other Parties of such assignment.
WABCO may assign all or any portion of its rights hereunder to any of its Affiliates or in connection with a collateral assignment for the benefit of its lenders. Nothing in any such assignment relieves the Indemnitors of their obligations to ASD or
any other Indemnitee. 
 (b) If, at any time following the Effective Time, any member of the WABCO Group (other than WABCO, ASE and WABCO
Austria) becomes a named party in the Bathroom Fittings and Fixtures Proceedings (such newly named party, an “Additional WABCO Party” and collectively, the “Additional WABCO Parties”), WABCO shall cause the
Additional WABCO Parties to execute and deliver one or more joinder agreements to this Agreement reasonably acceptable to ASD to the effect that such Additional WABCO Parties are parties hereto, that such Additional WABCO Parties agree to be bound
by the obligations of the Indemnitors and the WABCO Charged Parties herein, and that any references to “WABCO Charged Parties” or “Indemnitors” in this Agreement and any obligation of the Indemnitors and the WABCO Charged Parties
shall be deemed a collective reference to, and the joint and several obligations of, WABCO, the Indemnitors and such other Additional WABCO Parties. 
 Section 6.4 Amendment, Modification and Waiver. This Agreement may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered on behalf of each of the Parties
hereto. 
 Section 6.5 Governing Law. This Agreement shall be governed by and construed in accordance with the internal Laws, and not
the Laws governing conflicts of Laws (other than Sections 5-1401 and 5-1402 of the New York General Obligations Law), of the State of New York. 
 Section 6.6 Consent to Jurisdiction. Each of the Parties irrevocably submits to the exclusive jurisdiction of (a) the Supreme Court of the State of New York, New York County, and (b) the United States District Court for the
Southern District of New York (the “New York Courts”), for the purposes of any suit, action or other proceeding to compel arbitration or for provisional relief in aid of arbitration in accordance with this Agreement or for
provisional relief to prevent irreparable harm, and to the non-exclusive jurisdiction of the New York Courts for the enforcement of any award issued thereunder. Each of the Parties further agrees that service of any process, summons, notice or
document by United States registered mail to such Party’s respective address set forth in Section 6.2 shall be effective service of process for any action, suit or proceeding in the New York Courts with respect to any matters to which it
has submitted to jurisdiction in this Section 6.6. Each of the Parties irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated
hereby in the New York Courts, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum.

 Section 6.7 Specific Performance. The Parties to this Agreement acknowledge and agree that the Indemnitees would suffer irreparable
damage in the event that the Indemnitors fail to perform any of their obligations under the Agreement in accordance with the specific 

  

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terms of the Agreement or otherwise breaches any such obligations or any of the provisions of this Agreement were not performed in accordance with their
specific terms and that remedies at law would be inadequate to protect the Indemnitees against any actual or threatened breach of this Agreement by the Indemnitors. Accordingly, notwithstanding anything to the contrary contained in the Agreement,
and without prejudice to any other rights and remedies otherwise available to the Indemnitees, the Indemnitors agree to the granting of equitable relief in the Indemnitees favor, including injunctive relief to prevent or cure breaches of this
Agreement by the Indemnitors and specific performance requiring the Indemnitors to perform their obligations under this Agreement, in each case in an arbitration proceeding (without first complying with the negotiation provisions described above) or
in court without proof of actual damages. WABCO shall reimburse the Indemnitees for reasonable legal fees and other costs incurred to enforce this Agreement. 
 Section 6.8 Further Assurances. WABCO hereby agrees to, and to cause the other Indemnitors to, execute and deliver, for the benefit of the Indemnitees (including any assignee of any Indemnitee permitted under
this Agreement), such documents as may be reasonably requested by ASD (on behalf of the Indemnitees), evidencing the Indemnitors agreement that the indemnification obligations set forth in this Agreement inure to the benefit of and are enforceable
by the Indemnitees and their permitted assigns. 
 Section 6.9 Construction. Unless otherwise stated, references to Articles and
Sections are references to Articles and Sections of this Agreement. 
 Section 6.10 Third Parties. Nothing in this Agreement, express
or implied, is intended to or shall confer upon any Person other than the Parties hereto any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement; provided, however, that the Indemnitees, to the extent not a
Party hereto, and the B&K Buyer Parties or other assignees permitted under Section 6.3 shall, from and after any assignment of indemnification rights by ASD, be third party beneficiaries to enforce the rights to indemnification from the
Indemnitors under this Agreement. 
 Section 6.11 Counterparts. This Agreement may be executed in counterparts, each of which shall be
deemed to be an original, but all of which shall constitute one and the same agreement. 
 Section 6.12 Severability. In the event any
one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect or incapable of being enforced by any rule of Law or public policy, the validity, legality and enforceability of the remaining
provisions contained herein shall not in any way be affected or impaired thereby and will nevertheless remain in full force and effect, and the Parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable
provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 Section 6.13 Entire Agreement. This Agreement, the Distribution Agreement, the Defense Agreement and the other Ancillary Agreements and any Annexes, Exhibits and Schedules attached hereto and thereto, shall
constitute the entire agreement among the Parties 

  

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with respect to the subject matter hereof and shall supersede all previous negotiations, commitments and writings, both written and verbal, among the Parties
or any of them with respect to the subject matter hereof and thereof. Notwithstanding anything to the contrary contained in the Distribution Agreement, the provisions of the Agreement and the Defense Agreement shall exclusively govern and control
all the respective rights, responsibilities and obligations of the Parties after the Effective Time with respect to the Indemnifiable Matters. Except as set forth in the preceding sentence, nothing in the Agreement shall modify or limit the rights
and remedies of ASD or WABCO under the Distribution Agreement or any of the Ancillary Agreements (other than this Agreement) relating to, arising out of or resulting from any breach by ASD or WABCO of the Distribution Agreement or any of the
Ancillary Agreements (other than this Agreement). In the event of any conflict between the terms and conditions of this Agreement and the terms and conditions of the Distribution Agreement or any Ancillary Agreement, the terms and conditions of this
Agreement shall control with respect to the Indemnifiable Matters. 
 Section 6.14 No Circumvention. The Parties agree not to directly
or indirectly take any actions, act in concert with any Person who takes an action, or cause or allow any of such Parties’ Affiliates to take any actions (including the failure to take a reasonable action) such that the resulting effect is to
undermine the effectiveness of any of the provisions of this Agreement (including, without limitation, adversely affecting the rights or ability of Indemnitees to successfully pursue indemnification or payment pursuant to this Agreement).

 Section 6.15 Survival. The rights and obligations of the Indemnitors and Indemnitees under the Agreement shall survive the sale or
other transfer by any such Party of any assets or businesses or the assignment by it of any Liabilities or the sale by any Indemnitee or Indemnitor of the capital stock or other equity interests of any Subsidiary to any Person, including, in each
case, any Change of Control of such Party. In addition, if WABCO sells any other Indemnitor, the obligations of WABCO and such Indemnitor under this Agreement shall remain joint and several regardless of any arrangements made between WABCO, such
Indemnitor and the Person that acquires such Indemnitor. 
 Section 6.16 Appointment of Indemnitor Representative. 
 (a) Each of the Indemnitors hereby authorizes, directs and appoints WABCO (the “Indemnitor Representative”), to act as the sole and
exclusive agent, attorney-in-fact and representative of the affiliated Indemnitors, with full power of substitution with respect to all matters under this Agreement, including determining, giving and receiving notices and process hereunder,
contesting and settling any and all claims for indemnification pursuant to this Agreement or resolving any other disputes hereunder. Any actions taken, exercises of rights, power or authority and any decision or determination made by the Indemnitor
Representative consistent therewith, shall be absolutely and irrevocably binding on each of the Indemnitors as if such Indemnitor personally had taken such action, exercised such rights, power or authority or made such decision or determination in
such Indemnitor’s individual capacity. Notwithstanding anything to the contrary contained in this Agreement, any action required to be taken by any Indemnitor hereunder or any action which such Indemnitor, at its election, has the right to take
hereunder, shall be taken only by the Indemnitor Representative and no Indemnitor acting on its own shall be entitled to take any such action. All deliveries, including any notices 

  

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hereunder, to be made by any Indemnitee to any Indemnitor hereunder shall be made exclusively to the Indemnitor Representative on behalf of the Indemnitors,
and any delivery so made to the Indemnitor Representative shall constitute full performance of the obligations hereunder of the Indemnitee to the Indemnitors. The Indemnitee shall not be liable for allocation of particular deliveries among the
Indemnitors. 
 (b) Notwithstanding any notice received by any Indemnitee to the contrary (except any notice of the appointment of a
successor Indemnitor Representative approved by the Indemnitee) and absent bad faith or willful misconduct, each Indemnitee (i) shall be fully protected in relying upon and shall be entitled to rely upon, shall have no liability to any
Indemnitor with respect to, actions, decisions and determinations of the Indemnitor Representative and (ii) shall be entitled to assume that all actions, decisions and determinations of the Indemnitor Representative are fully authorized by each
of the Indemnitors. 
 (c) The Indemnitor Representative shall not be liable to any Indemnitor, Indemnitee or any such Person’s
respective Affiliates for any decisions made or actions taken by the Indemnitor Representative. Each of the Indemnitors agree, to indemnify its respective Indemnitor Representative from and against any damages that the Indemnitor Representative may
incur as a result of acting as the Indemnitor Representative hereunder or in connection with the performance of any of its duties hereunder to the fullest extent permitted by applicable Law, except to the extent that such damages are caused by
actions taken by, or omitted to be taken by, the Indemnitor Representative in bad faith. 
 Section 6.17 Appointment of Indemnitee
Representative. 
 (a) Each of the Indemnitees hereby authorizes, directs and appoints ASD (the “Indemnitee
Representative”), to act as the sole and exclusive agent, attorney-in-fact and representative of the affiliated Indemnitees, with full power of substitution with respect to all matters under this Agreement, including determining, giving and
receiving notices and process hereunder, contesting and settling any and all claims for indemnification pursuant to this Agreement or resolving any other disputes hereunder. Any actions taken, exercises of rights, power or authority and any decision
or determination made by the Indemnitee Representative consistent therewith, shall be absolutely and irrevocably binding on each of the Indemnitees as if such Indemnitee personally had taken such action, exercised such rights, power or authority or
made such decision or determination in such Indemnitee’s individual capacity. Notwithstanding anything to the contrary contained in this Agreement, any action required to be taken by any Indemnitee hereunder or any action which such Indemnitee,
at its election, has the right to take hereunder, shall be taken only by the Indemnitee Representative and no Indemnite acting on its own shall be entitled to take any such action. All deliveries, including any notices hereunder, to be made by any
Indemnitor to any Indemnitee hereunder shall be made exclusively to the Indemnitee Representative on behalf of the Indemnitees, and any delivery so made to the Indemnitee Representative shall constitute full performance of the obligations hereunder
of the Indemnitor to the Indemnitees. The Indemnitor shall not be liable for allocation of particular deliveries among the Indemnitees. 
 (b) Notwithstanding any notice received by any Indemnitors to the contrary (except any notice of the appointment of a successor Indemnitee Representative) and absent bad faith or 

  

 26 

 
willful misconduct, each Indemnitor (i) shall be fully protected in relying upon and shall be entitled to rely upon, shall have no liability to any
Indemnitee with respect to, actions, decisions and determinations of the Indemnitee Representative and (ii) shall be entitled to assume that all actions, decisions and determinations of the Indemnitee Representative are fully authorized by each
of the Indemnitees. 
 (c) The Indemnitee Representative shall not be liable to any Indemnitee, Indemnitor or any such Person’s
respective Affiliates for any decisions made or actions taken by the Indemnitee Representative. Each of the Indemnitees agree, to indemnify its respective Indemnitee Representative from and against any damages that the Indemnitee Representative may
incur as a result of acting as the Indemnitee Representative hereunder or in connection with the performance of any of its duties hereunder to the fullest extent permitted by applicable Law, except to the extent that such damages are caused by
actions taken by, or omitted to be taken by, the Indemnitee Representative in bad faith. 
 [REMAINDER OF PAGE INTENTIONALLY BLANK]

  

 27 

 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed by their duly authorized
officers as of the day and year first above written. 
  

			
	AMERICAN STANDARD COMPANIES INC.
		
	By:	 	  
		 	Name:
		 	Title:
	
	WABCO HOLDINGS INC.
		
	By:	 	  
		 	Name:
		 	Title:
	
	AMERICAN STANDARD EUROPE BVBA
		
	By:	 	  
		 	Name:
		 	Title:
	
	IDEAL STANDARD FRANCE SAS
		
	By:	 	  
		 	Name:
		 	Title:
	
	IDEAL STANDARD GMBH & CO OHG
		
	By:	 	  
		 	Name:
		 	Title:

  

 28 

			
	WABCO AUSTRIA GESMBH
		
	By:	 	  
		 	Name:
		 	Title:
	
	IDEAL STANDARD GMBH
		
	By:	 	  
		 	Name:
		 	Title:
	
	IDEAL STANDARD ITALIA S.R.L.
		
	By:	 	  
		 	Name:
		 	Title:
	
	IDEAL STANDARD NEDERLAND BV
		
	By:	 	  
		 	Name:
		 	Title:

  

 29

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]