Document:

Employment Agreement b/w Asbury Automotive and Philip R. Johnson, dated 6/30/10

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of June 30, 2010, between Asbury Automotive
Group, Inc., a Delaware corporation (the “Company”), and Philip Johnson, an individual resident of the State of Georgia (the “Executive”). 

WHEREAS the Company and Executive entered in that certain Severance Pay Agreement for Key Employee, effective as of April 29, 2009
(the “Severance Agreement”); and 
 WHEREAS, the Company and Executive now wish to terminate and supersede the
Severance Agreement; 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and intending to be legally
bound hereby, the parties hereby agree as follows: 
 SECTION 1. Employment. The Company hereby employs Executive, and
Executive accepts employment by the Company, on the terms and conditions contained in this Agreement. 
 SECTION 2. Term.
The employment of Executive pursuant to the terms of this Agreement shall be effective as of July 1, 2010 (the “Effective Date”) and shall remain in effect through and until March 31, 2011 (the “Expiration Date”)
unless earlier terminated pursuant to Section 11 hereof. The period of time between the Effective Date and the Expiration Date pursuant to the terms of this Agreement is herein referred to as the “Term”. 

SECTION 3. Duties and Extent of Service. (a) During the Term, Executive shall serve as Human Resources Director of the
Company and, in addition, in such other capacity or capacities for the Company, as may be commensurate with Executive’s seniority and experience and as determined by the Company’s Vice President/Chief Human Resources Officer. 

(b) Executive shall report directly and exclusively to the Company’s Vice President/Chief Human Resources Officer. Executive shall
work an average of thirty (30) hours per week and shall provide regular reports of workload. 
 (c) Executive shall perform
such services and duties for the Company as are customarily performed by an employee in Executive’s position at a business such as the 

 
Company’s business and as the Company may assign or delegate to him from time to time, including, without limitation, the services and duties set forth in Exhibit A attached hereto.
Executive shall devote his full business knowledge and skill and reasonable best efforts to the performance of his duties for the Company and the promotion of its interests and, during the Term. Executive’s duties hereunder shall be performed
primarily at the Company’s corporate headquarters in Duluth, Georgia or such other location(s) as the Company may require. Notwithstanding the foregoing, Executive shall undertake normal business travel on behalf of the Company. 

SECTION 4. Base Salary. Executive shall be paid a base salary for the Term (the “Base Salary”) equal to $133,395,
payable in accordance with the Company’s normal payroll practices. 
 SECTION 5. Retention Bonus. Subject to
Section 11(a) hereof, Executive shall be eligible to receive a retention bonus (the “Retention Bonus”) equal to $200,000, payable in a single cash lump sum within ten (10) days following the Expiration Date, provided that
Executive is employed on the Expiration Date. 
 SECTION 6. Incentive Compensation. (a) For the years 2010 and 2011,
Executive shall not be eligible to earn an annual bonus. 
 (b) During the Term, Executive shall not be eligible to receive
equity grants or other awards granted under a long term incentive plan or program. Any time-based vesting stock option and restricted stock awards held by Executive on the Effective Date shall continue to vest during the Term in accordance with
their terms and conditions. The Company and Executive acknowledge that they are parties to those certain Performance Share Unit Award Agreements, dated February 6, 2008 and February 16, 2010 ( the “2008 Agreement” and “2010
Agreement,” respectively). Any awards granted under the 2008 Agreement and 2010 Agreement shall continue to vest during the Term in accordance with the terms and conditions of the applicable award agreement. Executive hereby accepts,
acknowledges and agrees that Executive must be employed by the Company or an affiliate (i) with respect to the 2008 Agreement, on the Payment Date (as defined therein) in order to be entitled to payment with respect to any awards granted
thereunder, and (ii) with respect to the 2010 Agreement, on each applicable Vesting Date (as defined therein) in order to be entitled to vesting with respect to any awards granted thereunder. 

SECTION 7. Fringe Benefits. During the Term, Executive shall be entitled to participate, to the extent eligible, in such medical,
dental, disability, life insurance and other benefit plans as the Company shall maintain for the benefit of employees generally, on the terms and subject to the conditions set forth in such plans. 

SECTION 8. Expenses; Vacation. Upon the receipt from Executive of expense vouchers and other documentation reasonably requested by
the Company, the Company shall reimburse Executive promptly in accordance with the Company’s policies and procedures for all reasonable expenses incurred by Executive in connection with Executive’s duties and responsibilities hereunder.
Executive shall be entitled to four (4) weeks paid vacation during the Term. 
  

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 SECTION 9. Noncompete, Nonrecruitment, and Nonsolicitation. (a) During the Term
of this Agreement and for two (2) years following the Date of Termination (as defined below), Executive shall not without the prior written consent of the Company, directly or indirectly compete against the Company by performing services that
are competitive with or similar to the human resources-related services that Executive provided for the Company during the last two (2) years of his employment with the Company with any business or activity which competes with the business of
the Company. The prohibition on “any business or activity which competes with the business of the Company” shall be limited to AutoNation, Inc., Sonic Automotive, Inc., Lithia Motors, Inc., Penske Automotive Group, Inc., Group One
Automotive Inc. and other competitive groups of similar size. 
 (b) During the Term and for one year thereafter, Executive
shall not, either directly or indirectly, on the Executive’s own behalf or in the service or on behalf of others, solicit or recruit away or attempt to solicit or recruit away the employment of any person employed by the Company about whom
Executive had knowledge during Executive’s employment with the Company, nor will Executive do anything to attempt to induce any such employee to terminate his/her employment with the Company. Executive understands and agrees that this
restriction would prevent him from suggesting, directly or indirectly, to another person or business that they direct their recruitment efforts to any particular employees of the Company. 

(c) During the Term and for two years thereafter, Executive shall not, directly or indirectly by assisting others, solicit or attempt to
solicit any business from any of the Company’s customers with whom Executive had material contact during the last eighteen months of his employment with the Company, for the purpose of providing products or services that are competitive with
those provided by the Company. 
 (d) It is the intent of the parties that this Agreement shall be considered severable in part
and in whole, and that if any covenant shall be determined to be unenforceable in any part, that portion of the Agreement shall be severed or modified by the Court so as to permit enforcement of this Agreement to the extent reasonable. It is agreed
by the parties that the obligations set forth herein shall be considered to be independent of any other obligations between the parties, and the existence of any other claim or defense shall not affect the enforceability of this Agreement or the
available remedies. 
 (e) Executive agrees that the provisions of this Section 9 are reasonable and properly required for
the adequate protection of the business and the goodwill of the Company. 
  

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 SECTION 10. Nondisclosure. 

(a) The parties hereto agree that during the course of his employment by the Company, Executive will have access to, and will gain
knowledge with respect to, the Company’s Confidential Information (defined below). The parties acknowledge that unauthorized disclosure or misuse of such Confidential Information would cause irreparable damage to the Company. Accordingly,
Executive agrees to the nondisclosure covenants in this Section 10. Executive represents that his experience and capabilities are such that the provisions of Section 9 hereof and this Section 10 will not prevent him from earning his
livelihood. Executive agrees that he shall not (except as may be required by law), without the prior written consent of the Company during his employment with the Company under this Agreement, and any extension or renewal hereof, and for a period of
two years after his termination of employment, use or disclose, or knowingly permit any unauthorized person to use, disclose or gain access to, any Confidential Information; provided, however, that Executive may disclose Confidential
Information to a person to whom disclosure is reasonably necessary or appropriate in connection with the performance by Executive of his duties under this Agreement. Upon termination of this Agreement for any reason, Executive shall return to the
Company the original and all copies of all documents and correspondence in his possession relating to the business of the Company or any affiliate, including but not limited to all Confidential Information, and shall not be entitled to any lien or
right of retention in respect thereof. 
 (b) For purposes of this Agreement, “Confidential Information” shall mean
all business information (whether or not in written form) which relates to the Company, any of its affiliates or their respective businesses or products or services and which is not known to the public generally, including but not limited to
technical information or reports; trade secrets; unwritten knowledge and “know-how”; operating instructions; training manuals; customer lists; customer buying records and habits; product sales records and documents, and product
development, marketing and sales strategies; market surveys; marketing plans; profitability analyses; product cost; long-range plans; information relating to pricing, competitive strategies and new product development; information relating to any
forms of compensation and other personnel-related information; contracts; and supplier lists. Notwithstanding anything herein to the contrary, “Confidential Information” shall not include any information that (i) at the time of
Executive is made aware of such information, is generally available to the public, (ii) after Executive becomes aware of such information, becomes generally available to the public through no act or omission of Executive or (iii) is made
available to Executive by a person (other than the Company, its affiliates or their respective directors or officers) who did not breach any confidentiality obligations to the Company or its affiliates in disclosing such information to Executive.

  

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 SECTION 11. Termination of Employment. 

(a) Executive’s employment shall terminate automatically upon Executive’s death during the Term. Either the Company or
Executive may terminate Executive’s employment in the event of Executive’s Disability during the Term, provided that Executive or the Company delivers a Notice of Termination (as defined below) in accordance with Section 11(d) hereof
at least fourteen (14) days prior to the “Date of Termination” (the date on which Executive incurs a “separation from service” from the Company (within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue
Code of 1986, as amended (the “Code”), and Treasury Regulation Section 1.409A-1(h))). Upon a termination of employment by reason of death or Disability, Executive (or his estate) shall be entitled to receive (i) the remaining
salary payments through the end of the Term, and (ii) the Retention Bonus, payable in a single cash lump sum within ten (10) days following the Date of Termination. 

(b) The Company may terminate Executive’s employment during the Term for Cause (as defined below), provided that the Company
delivers a Notice of Termination in accordance with Section 11(d) hereof at least seven (7) days prior to the Date of Termination. 

(c) Executive may terminate Executive’s employment during the Term for any reason, provided that Executive delivers a Notice of
Termination in accordance with Section 11(d) hereof at least fourteen (14) days prior to the Date of Termination. 

(d) Any termination by the Company for Cause or by reason of the Executive’s Disability, or by the Executive for any reason, shall
be communicated by a Notice of Termination to the other parties hereto given in accordance with Section 23(e) hereof. For purposes of this Agreement, a “Notice of Termination” means a written notice which (i) indicates the
specific termination provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment under the
provision so indicated and (iii) if the Date of Termination is other than the date of receipt of such notice, specifies the Date of Termination (which date shall be not more than thirty (30) days after the giving of such notice). The
failure by the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Cause shall not waive any right of the Company hereunder or preclude the Company from asserting such fact or circumstance in
enforcing the Executive’s or the Company’s rights hereunder. 
 (e) Upon termination of Executive’s employment
for any reason, unless otherwise specified in a written agreement between Executive and the Company, Executive shall be deemed to have resigned from all offices, directorships, and other employment positions if any, then held with the Company, and
shall take all actions reasonably requested by the Company to effectuate the foregoing. 
 (f) Executive hereby accepts,
acknowledges and agrees that all unvested time-based stock option and restricted stock awards held by Executive on the Expiration Date (or 

 

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the Date of Termination occurring other than for death or Disability, if earlier) shall be forfeited and shall expire on such date, and Executive shall have no rights to vesting or payment
thereunder. All vested time-based stock option awards held by Executive on the Expiration Date (or the Date of Termination occurring other than for death or Disability, if earlier) may be exercised within ninety (90) days following such date
and after such ninety (90) day period shall be forfeited and expire. 
 (g) Executive hereby accepts, acknowledges and
agrees that (i) if the Expiration Date (or the Date of Termination, if earlier) occurs prior to the Payment Date (as defined in the 2008 Agreement) any awards granted under the 2008 Agreement shall be forfeited and expire and (ii) any
unvested awards granted under the 2010 Agreement shall be forfeited and expire on the Expiration Date (or the Date of Termination, if earlier). As of the Expiration Date (or the Date of Termination, if earlier), Executive shall have no rights to
vesting or payment under the 2008 Agreement or the 2010 Agreement. 
 (h) Notwithstanding the foregoing, if during the Term, a
Date of Termination occurs as a result of Executive’s death or Disability, then the treatment of any outstanding equity awards held by Executive on such Date of Termination shall be governed by the terms and conditions of the applicable award
agreement. 
 SECTION 12. Change in Control. In the event of a Change of Control, the treatment of any outstanding equity
awards held by Executive on the date of consummation of the Change of Control shall be governed by the terms and conditions of the applicable award agreement. “Change of Control” shall mean the definition included in the applicable award
agreement, if any. Upon a Change of Control within the Term, Executive shall be entitled to receive (i) the remaining salary payments through the end of the Term, and (ii) the Retention Bonus, payable in a single cash lump sum within ten
(10) days following the Change of Control. 
 SECTION 13. Definitions. 

(a) The definition of “Disability” is Executive’s physical or mental disability or infirmity that prevents the performance
by Executive of his duties lasting (or likely to last, based on competent medical evidence presented to the Company) for a continuous period of six (6) months or longer. 

(b) The definition of “Cause” is: (i) Executive’s gross negligence or serious misconduct (including without
limitation any criminal, fraudulent or dishonest conduct) that is or may be injurious to the Company; (ii) Executive’s being convicted of, or entering a plea of nolo contendere to, any crime that constitutes a felony or involves moral
turpitude; (iii) Executive’s breach of Sections 9 or 10 hereof; (iv) Executive’s willful and continued failure to perform Executive’s duties on behalf of Company or (v) Executive’s material breach of a written
policy of the Company. 
  

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 SECTION 14. Payment of Accrued Obligations. Upon termination of Executive’s
employment with the Company for any reason, the Company shall pay Executive (or his estate, in the event of his death) Executive’s Base Salary earned through the Date of Termination and any vacation pay earned by Executive which has not been
paid as of the Date of Termination and shall pay any accrued benefits under any Company benefit plan pursuant to the terms of such plan. 

SECTION 15. Parachute Payment Limitation. 

(a) Notwithstanding anything in this Agreement to the contrary, if any severance pay or benefits payable under this Agreement (without
the application of this Section 15), either alone or together with other payments, awards, benefits or distributions (or any acceleration of any payment, award, benefit or distribution) pursuant to any agreement, plan or arrangement with the
Company or any of its affiliates (the “Total Payments”), would constitute a “parachute payment” (as defined in Section 280G of the Code), then the following shall occur: 

(i) Company’s independent auditors (the “Auditor”) shall compute the net present value to Executive of all the Total
Payments after reduction for the excise taxes imposed by Code Section 4999 and for any normal income taxes that would be imposed on Executive if such Total Payments constituted Executive’s sole taxable income; and 

(ii) The Auditor shall next compute the maximum Total Payments that can be provided without any such Total Payments being characterized
as “Excess Parachute Payments” (as defined in Code Section 280G) and reduce the result by the amount of any normal income taxes that would be imposed on Executive if such reduced Total Payments constituted Executive’s sole
taxable income. 
 (b) If the result derived in clause (i) above is greater than the result derived in clause
(ii) above, then the Company shall pay Executive the full amount of the Total Payments without reduction. If the result derived from clause (i) above is not greater than the result derived in clause (ii) above, then the Company shall
pay Executive the maximum Total Payments possible without any such Total Payments being characterized as Excess Parachute Payments. The determination of how such Total Payments will be reduced shall be made by Executive in good faith after
consultation with the Company. 
 SECTION 16. Termination; Survival. Subject to Section 11 hereof, this Agreement
shall terminate upon the death of Executive and may be terminated (a) by the Company (i) upon the Disability of Executive or (ii) for Cause or (b) by Executive for any reason. Notwithstanding the foregoing, if Executive’s
employment terminates in a manner giving rise to a payment or benefit under Section 11, 12 or 14 hereof, such Section(s) shall survive the termination of this Agreement. Any post-employment covenants (e.g., Sections 9 and 10) survive the
termination of Executive’s employment as set forth in the covenants. 
  

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 SECTION 17. Validity. The invalidity or unenforceability of any provision or
provisions of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 

SECTION 18. Resolution of Disputes. Any disputes arising under or in connection with this Agreement or arising from or in connection with
Executive’s employment or termination of employment shall be resolved by third party mediation of the dispute and, if such dispute is not resolved within thirty (30) days, by binding arbitration, to be held in or near the city in which the
Company maintains its corporate headquarters at the time of the dispute, in accordance with the rules and procedures of the American Arbitration Association. Judgment upon the award rendered by the arbitrator(s) may be entered in any court having
jurisdiction thereof. Each party shall bear his or its own costs of the mediation, arbitration or litigation. This clause shall not preclude or restrict the Company from seeking and obtaining injunctive relief in a court of competent jurisdiction.

  

			
	Initials    /s/ CRO                    	  	Initials    /s/
PJ                    
	Executive	  	For the Company

 SECTION 19.
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 

SECTION 20. Withholding. All payments hereunder shall be subject to any required withholding of Federal, state and local taxes
pursuant to any applicable law or regulation. 
 SECTION 21. Section Headings. The section headings in this Agreement are
for convenience of reference only, and they form no part of this Agreement and shall not affect its interpretation. 
 SECTION
22. Internal Revenue Code Section 409A. 
 (a) If any provision of this Agreement (or of any award of compensation,
including equity compensation or benefits) would cause Executive to incur any additional tax or interest under Section 409A of the Code or any regulations or Treasury guidance promulgated thereunder, the Company shall, after consulting with
Executive, reform such provision to comply with Section 409A of the Code, provided that the Company agrees to maintain, to the maximum extent practicable, the original intent and economic benefit to Executive of the applicable provision without
violating the provisions of Section 409A of the Code. 
 (b) Notwithstanding any provision to the contrary in this
Agreement, if Executive is deemed on the Date of Termination, as applicable, to be a “specified employee” 

 

 8 

 
within the meaning of that term under Section 409A(a)(2)(B) of the Code, then with regard to any payment or the provision of any benefit that is required to be delayed in compliance with
Section 409A(a)(2)(B) of the Code such payment or benefit shall not be made or provided (subject to the last sentence hereof) prior to the earlier of (A) the expiration of the six (6)-month period measured from the date of his
“separation from service” (as such term is defined under Section 409A of the Code) or (B) the date of his death (the “Delay Period”). Upon the expiration of the Delay Period, all payments and benefits delayed pursuant
to this Section 22 (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed Executive in a lump sum, and any remaining payments and benefits due under this
Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. Notwithstanding the foregoing, to the extent that the foregoing applies to the provision of any ongoing welfare benefits to Executive that
would not be required to be delayed if the premiums therefore were paid by Executive, Executive shall pay the full cost of premiums for such welfare benefits during the Delay Period and the Company shall pay Executive an amount equal to the amount
of such premiums paid by Executive during the Delay Period promptly after its conclusion. 
 (c) To the extent permitted under
Treasury Reg. §1.401A-2(b), the Company and Executive designate any payments that may be due Executive under Section 11 hereof to be treated as separate payments and not as installment payments. 

(d) Neither the Company nor Executive shall either accelerate or delay any payment due under this Agreement that constitutes
“nonqualified deferred compensation” within the meaning of Section 409A except to the extent permitted under Section 409A or regulations or Treasury guidance promulgated thereunder. 

SECTION 23. Miscellaneous. 

(a) This Agreement shall inure to the benefit of and shall be binding upon Executive and his executor, administrator, heirs, personal
representative and permitted assigns, and the Company and its successors and permitted assigns. Neither this Agreement nor any rights or obligations hereunder may be assigned by one party without the consent of the others, except that this Agreement
shall be binding upon and inure to the benefit of any successor or successors of the Company whether by merger, consolidation, sale of assets or otherwise and reference herein to the Company shall be deemed to include any such successor or
successors. 
 (b) Executive represents and warrants that (i) he is not subject to any agreement, understanding or
limitation that could hinder or impair Executive’s ability to perform his duties hereunder and (ii) Executive’s entry into, and performance of his obligations under, this Agreement will not interfere or otherwise violate any other
agreement to which Executive is a party or is bound. 
  

 9 

 (c) This Agreement shall be deemed to be made in, and in all respects shall be interpreted,
construed and governed by and in accordance with, the laws of the State of Georgia, without regard to the conflicts of law principles of such State. No provision of this Agreement or any related document shall be construed against or interpreted to
the disadvantage of any party hereto by any court or other governmental or judicial authority by reason of such party having or being deemed to have structured or drafted such provision. 

(d) This Agreement constitutes the entire agreement between the Company and Executive with respect to Executive’s employment by the
Company and supersedes all prior agreements, if any, whether written or oral, between them, relating to Executive’s employment by the Company, including, without limitation, the Severance Agreement. Notwithstanding the foregoing, this Agreement
does not supersede (except to the extent expressly provided herein) any of the terms or conditions of any time-based vesting stock option or restricted stock grants or any other similar agreements governing incentive compensation or stock grants
that were entered into prior to the date hereof. This Agreement may not be changed, waived, discharged or terminated orally, but only by an instrument in writing, signed by the party against which enforcement of such change, waiver, discharge or
termination is sought. 
 (e) All notices and other communications required or permitted hereunder shall be in writing and shall
be deemed given when (i) delivered personally, (ii) sent by certified or registered mail, postage prepaid, return receipt requested or delivered by overnight courier (provided that a written acknowledgment of receipt is obtained by the
overnight courier) to the party concerned at the address indicated below or to such changed address as such party may subsequently give such notice of: 
  

			
	 If to the

Company
	 	 Asbury Automotive Group Inc.

attn. General Counsel

		
		 	 2905 Premiere Parkway, Suite 300

Duluth, GA 30097

		
	 If to

Executive
	 	Philip Johnson
		
	 With a
 copy
to:
	 	

  

 10 

 [Remainder of Page Intentionally Left Blank] 

 

 11 

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

							
	ASBURY AUTOMOTIVE GROUP, INC.,
				
		 		 	By	 	 /s/ Charles R. Oglesby

		 		 		 	  Name: Charles R. Oglesby
		 		 		 	  Title:   President & Chief Executive Officer
		
		 	 /s/ Philip Johnson

		 	Philip Johnson

 

 Exhibit “A” 

SERVICES AND DUTIES 

Employee survey administration and rollout 
  

	 	•	 	 Work with selected GMs to 

  

	 	•	 	 Communicate results within the store 

  

	 	•	 	 Help select discussion topics for employee focus groups 

 

	 	•	 	 Monitor progress and follow-up communication of the recommendation from the focus groups 

 

	 	•	 	 Counsel and advise select managers on improving issues that are in the survey 

 

	 	•	 	 Help co-ordinate any follow-up surveys in stores with issues 

General Manager Selection tool 
  

	 	•	 	 Finish the creation of the GM selection tool with the Devine group 

 

	 	•	 	 Assist with the administration and interpretation of the tool with potential candidates 

HR Risk Profiles 
  

	 	•	 	 Insure the completion of the creation of the HR risk process to be presented to the Risk committee in July 

Compensation Committee 
  

	 	•	 	 Provide background and any assistance in preparing materials for the Compensation Committee meetings 

Proxy 2010 
  

	 	•	 	 Help with initial drafting of the 2010 CD&A and other HR proxy disclosures 

Executive search 
  

	 	•	 	 Participate as need in any search efforts 

  

	 	•	 	 Source and screen candidates as needed 

  

 12 

 Employee background and history 

 

	 	•	 	 Be a resource for past arrangements, contacts, and past practices 

 

	 	•	 	 Be available for consultation and advice related to any HR past practices 

Turnover reduction project w/ Ken Jackson 
  

	 	•	 	 Data collection, root cause analysis and corrective action proposals 

Lead the process improvement initiative 
  

	 	•	 	 Identify and select vendor to facilitate continuous process improvementForm of Rule 144A Global Note evidencing the 8 1/2% Senior Notes due 2018.

 Exhibit 4.6(c) 

FORM OF 144A GLOBAL NOTE 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), NEW YORK, NEW YORK, TO THE ISSUERS OR THEIR AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL
BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY
ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN
APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. 

THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE ISSUERS THAT (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED, ONLY (I) IN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (II)
OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT, (III) TO EITHER OF THE ISSUERS OR ANY OF THEIR SUBSIDIARIES, (IV) TO AN “INSTITUTIONAL ACCREDITED INVESTOR” (AS DEFINED IN RULE
501(A)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE TRANSFER OF THIS NOTE (THE FORM OF
WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUERS THAT SUCH TRANSFER IS IN

  

 A-1 

 
COMPLIANCE WITH THE SECURITIES ACT, (V) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (VI) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (VI), IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO,
NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE. 
  

 A-2 

  

			
	No.                     	 	$                    

RBS GLOBAL, INC. 

REXNORD LLC 

8 
1/2 % Senior Note due 2018 

CUSIP No. 75524DAL4 

ISIN No. US75524DAL47 

RBS GLOBAL, INC., a Delaware corporation, and REXNORD LLC, a Delaware limited liability company (“Rexnord” and, together with
RBS Global, the “Issuers”), promise to pay to Cede & Co., or registered assigns, the principal sum listed on the Schedule of Increases or Decreases in Global Security attached hereto on May 1, 2018. 

Interest Payment Dates: May 1 and November 1 

Record Dates: April 15 and October 15 

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

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

 

			
	RBS GLOBAL, INC.
		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 REXNORD LLC

		
	 By:
	 	  

		 	 Name:

		 	 Title:

Dated: 
  

 A-3 

			
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

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

		
	By:	 	 
		 	Authorized Signatory

  

 A-4 

 REVERSE OF NOTE 

RBS GLOBAL, INC. 

REXNORD LLC 

8 
1/2% Senior Note due 2018 
  

	1.	Interest 

 (a) RBS
GLOBAL, INC., a Delaware corporation (such corporation, and its successors and assigns under the Indenture hereinafter referred to, being herein called “RBS Global”) and REXNORD LLC, a Delaware limited liability company (such company, and
its successors and assigns under the Indenture hereinafter referred to, being herein called “Rexnord” and, together with RBS Global, the “Issuers”), promise to pay interest on the principal amount of this Security at the rate per
annum shown above. The Issuers shall pay interest semiannually on May 1 and November 1 of each year, commencing November 1, 2010. Interest on the Securities shall accrue from the most recent date to which interest has been paid or
duly provided for or, if no interest has been paid or duly provided for, from April 28, 2010 until the principal hereof is due. Interest shall be computed on the basis of a 360-day year of twelve 30-day months. The Issuers shall pay interest on
overdue principal at the rate borne by the Securities, and it shall pay interest on overdue installments of interest at the same rate to the extent lawful. 

(b) Registration Agreement. The Holder of this Security is entitled to the benefits of a Registration Agreement, dated as of
April 28, 2010, among the Issuers, the Guarantors and the Initial Purchasers. 
  

	2.	Method of Payment 

 The
Issuers shall pay interest on the Securities (except defaulted interest) to the Persons who are registered Holders at the close of business on the April 15 or October 15 next preceding the interest payment date even if Securities are
canceled after the record date and on or before the interest payment date (whether or not a Business Day). Holders must surrender Securities to the Paying Agent to collect principal payments. The Issuers shall pay principal, premium, if any, and
interest in money of the United States of America that at the time of payment is legal tender for payment of public and private debts. Payments in respect of the Securities represented by a Global Security (including principal, premium, if any, and
interest) shall be made by wire transfer of immediately available funds to the accounts specified by The Depository Trust Company or any successor depositary. The Issuers shall make all payments in respect of a certificated Security (including
principal, premium, if any, and interest) at the office of the Paying Agent, except that, at the option of the Issuers, payment of interest may be made by mailing a check to the registered address of each Holder thereof; provided,
however, that payments on the Securities may also be made, in the case of a Holder of at least $1,000,000 aggregate principal amount of Securities, by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United
States if such Holder elects payment by wire transfer by giving written notice to the Trustee or Paying Agent to such effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or such other date
as the Trustee may accept in its discretion). 
  

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	3.	Paying Agent and Registrar 

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

 

	4.	Indenture 

 The Issuers
issued the Securities under an Indenture dated as of April 28, 2010 (the “Indenture”), among the Issuers, the Guarantors and the Trustee. The terms of the Securities include those stated in the Indenture and those made part of the
Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date of the Indenture (the “TIA”). Terms defined in the Indenture and not defined herein have the meanings ascribed thereto
in the Indenture. The Securities are subject to all terms and provisions of the Indenture, and the Holders (as defined in the Indenture) are referred to the Indenture and the TIA for a statement of such terms and provisions. 

The Securities are senior unsecured obligations of the Issuers. This Security is one of the Original Securities referred to in the
Indenture. The Securities include the Original Securities, any Additional Securities (together with the Original Securities, the “Initial Securities”) and any Exchange Securities issued in exchange for the Initial Securities pursuant to
the Indenture. The Initial Securities and any Exchange Securities are treated as a single class of securities under the Indenture. The Indenture imposes certain limitations on the ability of RBS Global and its Restricted Subsidiaries to, among other
things, make certain Investments and other Restricted Payments, pay dividends and other distributions, incur Indebtedness, enter into consensual restrictions upon the payment of certain dividends and distributions by such Restricted Subsidiaries,
issue or sell shares of capital stock of RBS Global and such Restricted Subsidiaries, enter into or permit certain transactions with Affiliates, create or incur Liens and make Asset Sales. The Indenture also imposes limitations on the ability of the
Issuers and each Guarantor to consolidate or merge with or into any other Person or convey, transfer or lease all or substantially all of their property. 

To guarantee the due and punctual payment of the principal and interest on the Securities and all other amounts payable by the Issuers
under the Indenture and the Securities when and as the same shall be due and payable, whether at maturity, by acceleration or otherwise, according to the terms of the Securities and the Indenture, the Guarantors have, jointly and severally,
unconditionally guaranteed the Guaranteed Obligations on a senior unsecured basis pursuant to the terms of the Indenture. 
  

	5.	Optional Redemption 

Except as set forth in the following two paragraphs, the Securities shall not be redeemable at the option of the Issuers prior to
May 1, 2014. Thereafter, the Securities shall be redeemable at the option of the Issuers, in whole at any time or in part from time to time, upon on not less than 30 nor more than 60 days’ prior notice, at the following redemption prices
(expressed as a percentage of principal amount), plus accrued and unpaid interest and additional interest, if any, to the redemption date (subject to the right of the Holders of record on the 

 

 A-6 

 
relevant record date to receive interest due on the relevant interest payment date), if redeemed during the 12-month period commencing on May 1 of the years set forth below: 

 

				
	 Year
	  	Redemption Price	 
	 2014
	  	104.250	% 
	 2015
	  	102.125	% 
	 2016 and thereafter
	  	100.000	% 

 In addition,
prior to May 1, 2014, the Issuers may redeem the Securities at their option, in whole at any time or in part from time to time, upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail to each Holder’s
registered address, at a redemption price equal to 100% of the principal amount of the Securities redeemed plus the Applicable Premium as of, and accrued and unpaid interest and additional interest, if any, to, the applicable redemption date
(subject to the right of the Holders of record on the relevant record date to receive interest due on the relevant interest payment date). 

Notwithstanding the foregoing, at any time and from time to time on or prior to May 1, 2013, the Issuers may redeem in the aggregate
up to 35% of the original aggregate principal amount of the Securities (calculated after giving effect to any issuance of Additional Securities), with the net cash proceeds of one or more Equity Offerings (1) by the Issuers or (2) by any
direct or indirect parent of the Issuers, in each case, to the extent the net cash proceeds thereof are contributed to the common equity capital of the Issuers or used to purchase Capital Stock (other than Disqualified Stock) of the Issuers from it,
at a redemption price equal to 108.500% of the principal amount thereof plus accrued and unpaid interest and additional interest, if any, to the redemption date (subject to the right of the Holders of record on the relevant record date to receive
interest due on the relevant interest payment date); provided, however, that at least 65% of the original aggregate principal amount of the Securities (calculated after giving effect to any issuance of Additional Securities) must
remain outstanding after each such redemption; and provided further that such redemption shall occur within 90 days after the date on which any such Equity Offering is consummated upon not less than 30 nor more than 60 days’ notice
mailed to each Holder of Securities being redeemed and otherwise in accordance with the procedures set forth in the Indenture. Notice of any redemption upon any Equity Offering may be given prior to the completion thereof, and any such redemption or
notice may, at the Issuers’ discretion, be subject to one or more conditions precedent, including, but not limited to, completion of the related Equity Offering. 
  

	6.	Sinking Fund 

 The
Securities are not subject to any sinking fund. 
  

	7.	Notice of Redemption 

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

 A-7 

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

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

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

	9.	[Reserved] 

  

	10.	Denominations; Transfer; Exchange 

The Securities are in registered form, without coupons, in denominations of $2,000 and any integral multiple of $1,000 in excess thereof.
A Holder shall register the transfer of or exchange of Securities in accordance with the Indenture. Upon any registration of transfer or exchange, the Registrar and the Trustee may require a Holder, among other things, to furnish appropriate
endorsements or transfer documents and to pay any taxes required by law or permitted by the Indenture. The Registrar need not register the transfer of or exchange any Securities selected for redemption (except, in the case of a Security to be
redeemed in part, the portion of the Security not to be redeemed) or to transfer or exchange any Securities for a period of 15 days prior to a selection of Securities to be redeemed. 

 

	11.	Persons Deemed Owners 

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

 

	12.	Unclaimed Money 

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

 

	13.	Discharge and Defeasance 

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

 

	14.	Amendment; Waiver 

Subject to certain exceptions set forth in the Indenture, (i) the Indenture or the Securities may be amended with the written
consent of the Holders of at least a majority in aggregate principal amount of the outstanding Securities (voting as a single class) and (ii) any past default 

 

 A-8 

 
or compliance with any provisions may be waived with the written consent of the Holders of at least a majority in principal amount of the outstanding Securities. Subject to certain exceptions set
forth in the Indenture, without the consent of any Holder, the Issuers and the Trustee may amend the Indenture or the Securities (i) to cure any ambiguity, omission, defect or inconsistency; (ii) to provide for the assumption by a
Successor Company of the obligations of the Issuers under the Indenture and the Securities; (iii) to provide for the assumption by a Successor Guarantor of the obligations of a Guarantor under the Indenture and its Guarantee; (iv) to
provide for uncertificated Securities in addition to or in place of certificated Securities (provided that the uncertificated Securities are issued in registered form for purposes of Section 163(f) of the Code, or in a manner such that
the uncertificated Securities are described in Section 163(f)(2)(B) of the Code); (v) to add Guarantees with respect to the Securities; (vi) to add additional covenants of the Issuers for the benefit of the Holders or to surrender
rights and powers conferred on the Issuers; (vii) to comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture under the TIA; (viii) to make any change that does not adversely affect the
rights of any Holder; (ix) to provide for the issuance of the Exchange Securities or Additional Securities or (x) to conform the text of the Indenture, the Guarantees or the Securities to any provisions of the “Descriptions of
Notes” section of the Offering Circular to the extent that such provision in the “Description of Notes” section of the Offering Circular was intended to be a verbatim recitation of a provision of the Indenture, the Guarantees or the
Securities. 
  

	15.	Defaults and Remedies 

If an Event of Default occurs (other than an Event of Default relating to certain events of bankruptcy, insolvency or reorganization of
the Issuers) and is continuing, the Trustee or the Holders of at least 25% in principal amount of the outstanding Securities, in each case, by notice to the Issuers, may declare the principal of, premium, if any, and accrued but unpaid interest on
all the Securities to be due and payable. If an Event of Default relating to certain events of bankruptcy, insolvency or reorganization of the Issuers occurs, the principal of, premium, if any, and interest on all the Securities shall become
immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. Under certain circumstances, the Holders of a majority in principal amount of the outstanding Securities may rescind any such acceleration
with respect to the Securities and its consequences. 
 If an Event of Default occurs and is continuing, the Trustee shall be
under no obligation to exercise any of the rights or powers under the Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee reasonable indemnity or security satisfactory to it against any loss,
liability or expense and certain other conditions are complied with. Except to enforce the right to receive payment of principal, premium (if any) or interest when due, no Holder may pursue any remedy with respect to the Indenture or the Securities
unless (i) such Holder has previously given the Trustee notice that an Event of Default is continuing, (ii) the Holders of at least 25% in principal amount of the outstanding Securities have requested the Trustee in writing to pursue the
remedy, (iii) such Holders have offered the Trustee reasonable security or indemnity against any loss, liability or expense, (iv) the Trustee has not complied with such request within 60 days after the receipt of the request and the offer
of security or indemnity and (v) the Holders of a majority in principal amount of the outstanding Securities have not given the Trustee a direction inconsistent with such request within such 60-day period. Subject to certain restrictions, the
Holders of a majority in principal amount of the 
  

 A-9 

 
outstanding Securities are given the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred
on the Trustee. The Trustee, however, may refuse to follow any direction that conflicts with law or the Indenture or that the Trustee determines is unduly prejudicial to the rights of any other Holder or that would involve the Trustee in personal
liability. Prior to taking any action under the Indenture, the Trustee shall be entitled to indemnification satisfactory to it in its sole discretion against all losses and expenses caused by taking or not taking such action. 

 

	16.	Trustee Dealings with the Issuers 

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

	17.	No Recourse Against Others 

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

	18.	Authentication 

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

 

	19.	Abbreviations 

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

	20.	Governing Law 

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

	21.	CUSIP Numbers; ISINs 

The Issuers have caused CUSIP numbers and ISINs to be printed on the Securities and have directed the Trustee to use CUSIP numbers and
ISINs in notices (including notices of redemption) as a convenience to the Holders. No representation is made as to the accuracy of such numbers either as printed on the Securities or as contained in any notice or notice of redemption and reliance
may be placed only on the other identification numbers placed thereon. 
  

 A-10 

 The Issuers will furnish to any Holder of Securities upon written request and without
charge to the Holder a copy of the Indenture which has in it the text of this Security. 
  

 A-11 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: 

I or we assign and transfer this Security to: 
  

 
 (Print or type assignee’s
name, address and zip code) 
  
  

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

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

 
  

			
	Date:                             
                                         
                                         
  	  	Your Signature:                          
                                         
                          

 
  

Sign exactly as your name appears on the other side of this Security. 

Signature Guarantee: 
  

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

  

 A-12 

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR REGISTRATION OF TRANSFER RESTRICTED SECURITIES

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

 The undersigned (check one box below): 
  

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

 

	 ̈	has requested the Trustee by written order to exchange or register the transfer of a Security or Securities. 

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

CHECK ONE BOX BELOW 
  

					
	(1)	 	 ̈	 	to the Issuers or a Subsidiary thereof; or
			
	(2)	 	 ̈	 	to the Registrar for registration in the name of the Holder, without transfer; or
			
	(3)	 	 ̈	 	pursuant to an effective registration statement under the Securities Act of 1933; or
			
	(4)	 	 ̈	 	inside the United States to a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933) that purchases for its own account or for the
account of a qualified institutional buyer to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A under the Securities Act of 1933; or
			
	(5)	 	 ̈	 	outside the United States in an offshore transaction within the meaning of Regulation S under the Securities Act in compliance with Rule 904 under the Securities Act of 1933 and
such Security shall be held immediately after the transfer through Euroclear or Clearstream until the expiration of the Restricted Period (as defined in the Indenture); or
			
	(6)	 	 ̈	 	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933) that has furnished to the Trustee a signed
letter containing certain representations and

  

 A-13 

					
		 		 	agreements and, if applicable, an Opinion of Counsel; or
			
	(7)	 	 ̈	 	pursuant to another available exemption from registration provided by Rule 144 under the Securities Act of 1933.

Unless one of the boxes is checked, the Trustee will refuse to register any of the Securities evidenced by this certificate in the name of any Person
other than the registered Holder thereof; provided, however, that if box (5), (6) or (7) is checked, the Issuers or the Trustee may require, prior to registering any such transfer of the Securities, such legal opinions,
certifications and other information as the Issuers or the Trustee have reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the
Securities Act of 1933. 
  

			
	Date:                             
                                         
                                         
  	  	Your Signature:                          
                                         
                          

Signature Guarantee: 
  

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

  

 A-14 

 TO BE COMPLETED BY PURCHASER IF (4) ABOVE IS CHECKED. 

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

			
	Dated:                            
                                         
                                         
 	  	                             
                                         
                                         
             
		  	NOTICE: To be executed by an executive officer

  

 A-15 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 

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

									
	 Date of Exchange
	  	Amount of decrease in
Principal Amount of this
Global Security	  	Amount of increase in
Principal Amount of this
Global Security	  	Principal amount of this
Global Security following
such decrease or increase	  	Signature of authorized
signatory of Trustee or
Securities Custodian

 

 A-16 

 OPTION OF HOLDER TO ELECT PURCHASE 

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

			
	Asset Sale  ̈	 	Change of Control  ̈

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

$                     

 

					
	Date:                          
                                         
                                 	  	Your Signature:	 	                          
                                         
                              
		  		 	 (Sign exactly as your name

appears on the other side of
 this
Security)

Signature Guarantee:                    
                                         
                                         
                                         
                                         
                             

Signature must be guaranteed by a participant in a 

recognized signature guaranty medallion program or other 

signature guarantor program reasonably acceptable to the 

Trustee 
  

 A-17

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