Document:

EX-10.3

 Exhibit 10.3 

EXECUTION COPY 

ADMINISTRATION AGREEMENT 

among 
 NISSAN AUTO RECEIVABLES
2014-B OWNER TRUST 
 as Issuer 

NISSAN MOTOR ACCEPTANCE CORPORATION, 

as Administrator 
 WELLS FARGO
BANK, NATIONAL ASSOCIATION, 
 as Indenture Trustee 

and 
 WILMINGTON TRUST, NATIONAL
ASSOCIATION, 
 as Owner Trustee 

Dated as of December 10, 2014 

 TABLE OF CONTENTS 

 

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

  

					
		  	-i-	  	(Nissan 2014-B Administration Agreement)

 This ADMINISTRATION AGREEMENT, dated as of December 10, 2014 (this
“Agreement”), among NISSAN AUTO RECEIVABLES 2014-B OWNER TRUST, a Delaware statutory trust (the “Issuer”), NISSAN MOTOR ACCEPTANCE CORPORATION, a California corporation, as administrator (the
“Administrator”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity but solely as Indenture Trustee (as defined below), and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national
banking association with trust powers, not in its individual capacity but solely as Owner Trustee (as defined below). 
 W I T N E S S E T H:

 WHEREAS, beneficial ownership interests in the Issuer represented by the Nissan Auto Receivables 2014-B Owner Trust Asset Backed
Certificates (the “Certificates”) have been issued in connection with the formation of the Issuer pursuant to the Amended and Restated Trust Agreement, dated as of December 10, 2014 (the “Trust Agreement”),
between Nissan Auto Receivables Corporation II (“NARC II”), a Delaware corporation, as depositor, and Wilmington Trust, National Association, as owner trustee (the “Owner Trustee”); 

WHEREAS, the Issuer is issuing the Nissan Auto Receivables 2014-B Owner Trust 0.23000% Asset Backed Notes, Class A-1, the Nissan Auto
Receivables 2014-B Owner Trust 0.60% Asset Backed Notes, Class A-2, the Nissan Auto Receivables 2014-B Owner Trust 1.11% Asset Backed Notes, Class A-3, and the Nissan Auto Receivables 2014-B Owner Trust 1.66% Asset Backed Notes,
Class A-4 (collectively, the “Notes”) pursuant to the Indenture, dated as of December 10, 2014, (as amended and supplemented from time to time, the “Indenture”), between the Issuer and Wells Fargo Bank,
National Association, as indenture trustee (the “Indenture Trustee”); capitalized terms used herein and not defined herein shall have the meanings ascribed thereto in the Sale and Servicing Agreement, dated as of December 10,
2014, among the Issuer, Nissan Motor Acceptance Corporation (“NMAC”), as servicer, and NARC II, as seller (the “Sale and Servicing Agreement”), as the case may be; 

WHEREAS, the Issuer and other parties have entered into certain agreements in connection with the issuance of the Certificates and the Notes,
including the Purchase Agreement, dated as of December 10, 2014 (the “Purchase Agreement”), between NMAC, as seller, and NARC II, as purchaser, the Trust Agreement, the Indenture, this Agreement, the Note Depository Agreement
and the Sale and Servicing Agreement (collectively, the “Basic Documents”); 
 WHEREAS, pursuant to the Basic Documents,
the Issuer is required to perform certain duties in connection with the Certificates, the Notes and the Collateral; 
 WHEREAS, the Issuer
desires to appoint NMAC as administrator to perform certain of the duties of the Issuer under the Basic Documents and to provide such additional services consistent with the terms of this Agreement and the Basic Documents as the Issuer may from time
to time request; and 
 WHEREAS, the Administrator has the capacity to provide the services required hereby and is willing to perform such
services for the Issuer on the terms set forth herein. 

  

					
		  		  	(Nissan 2014-B Administration Agreement)

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

  

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

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

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

(C) preparing, obtaining and/or filing of all instruments, opinions and certificates and other documents required for the
release of Collateral (Section 2.09); 
 (D) maintaining an office in the Minneapolis, Minnesota, for the registration of
transfer or exchange of Notes (Section 3.02); 
 (E) causing newly appointed Paying Agents, if any, to deliver to the
Indenture Trustee the instrument specified in the Indenture regarding funds held in trust (Section 3.03); 
 (F) directing
the Indenture Trustee to deposit moneys with Paying Agents, if any, other than the Indenture Trustee (Section 3.03); 

  

					
		  	2	  	(Nissan 2014-B Administration Agreement)

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

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

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

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

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

  

					
		  	3	  	(Nissan 2014-B Administration Agreement)

 (Q) preparing Issuer Orders and obtaining Opinions of Counsel with respect to
the execution of any supplemental indentures, and mailing notices to the Noteholders with respect thereto (Sections 9.01, 9.02 and 9.03); 

(R) executing and delivering new Notes conforming to the provisions of any supplemental indenture, as appropriate (Section
9.06); 
 (S) preparing all Officer’s Certificates, Opinions of Counsel and Independent Certificates with respect to
any requests by the Issuer to the Indenture Trustee to take any action under the Indenture (Section 11.01(a)); 
 (T)
preparing and delivering Officer’s Certificates and obtaining Independent Certificates, if necessary, for the release of property or securities from the lien of the Indenture (Section 11.01(c)); 

(U) preparing and delivering to the Noteholders and the Indenture Trustee any agreements with respect to alternate payment and
notice provisions (Section 11.06); and 
 (V) recording the Indenture, if applicable (Section 11.14). 

(ii) The Administrator shall also: 

(A) pay the Indenture Trustee and the Owner Trustee from time to time the reasonable compensation provided for in the
Indenture and the Trust Agreement, respectively; 
 (B) reimburse the Indenture Trustee and the Owner Trustee for all
reasonable expenses, disbursements and advances incurred or made by the Indenture Trustee or the Owner Trustee to the extent the Indenture Trustee or the Owner Trustee is entitled to such reimbursement pursuant to Section 6.07 of the Indenture
or Sections 8.01 and 8.02 of the Trust Agreement, as applicable; and 
 (C) indemnify the Indenture Trustee and the Owner
Trustee and the other Indemnified Parties for, and hold each harmless against, any losses, liability or expense to the extent the Indenture Trustee or the Owner Trustee or the other Indemnified Parties are entitled to such indemnification pursuant
to the Indenture or the Trust Agreement, as applicable. 
  

	 	(b)	Additional Duties. 

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

  

					
		  	4	  	(Nissan 2014-B Administration Agreement)

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

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

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

  

					
		  	5	  	(Nissan 2014-B Administration Agreement)

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

	 	(c)	Non-Ministerial Matters. 

 (i) With respect to matters that in the
reasonable judgment of the Administrator are non-ministerial, the Administrator shall not take any action unless within a reasonable time before the taking of such action the Administrator shall have notified the Owner Trustee of the proposed action
and the Owner Trustee shall not have withheld consent thereto or provided an alternative direction. For the purpose of the preceding sentence, “non-ministerial matters” shall include, without limitation: 

(A) the amendment of the Indenture or execution of any supplement to the Indenture; 

(B) the initiation of any claim or lawsuit by the Issuer and the compromise of any action, claim or lawsuit brought by or
against the Issuer (other than in connection with the collection of the Receivables); 
 (C) the amendment, change or
modification of any of the Basic Documents; 
 (D) the appointment of successor Note Registrars or successor Paying Agents
pursuant to the Indenture or the appointment of successor Administrators, or the consent to the assignment by the Note Registrar, Paying Agent or Indenture Trustee of its obligations, in each case under the Indenture; and 

  

					
		  	6	  	(Nissan 2014-B Administration Agreement)

 (E) the removal of the Indenture Trustee. 

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

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

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

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

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

  

					
		  	7	  	(Nissan 2014-B Administration Agreement)

 6. NO JOINT VENTURE. Nothing contained in this Agreement shall (i) constitute the Administrator and
any of the Issuer, the Owner Trustee or the Indenture Trustee as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) be construed to impose any liability as such on any of
them or (iii) be deemed to confer on any of them any express, implied or apparent authority to incur any obligation or liability on behalf of the others. 

7. OTHER ACTIVITIES OF ADMINISTRATOR. Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in its or
their sole discretion, from acting as an administrator for any other person or entity, or in a similar capacity therefor, even though such person or entity may engage in business activities similar to those of the Issuer, the Owner Trustee or the
Indenture Trustee. 
 8. TERM OF AGREEMENT; RESIGNATION AND REMOVAL OF ADMINISTRATOR. 

 

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

 

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

 

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

 

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

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

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

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

  

					
		  	8	  	(Nissan 2014-B Administration Agreement)

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

  

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

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

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

 Nissan Auto Receivables 2014-B Owner Trust 

In care of: Wilmington Trust, National Association 

Rodney Square North 
 1100 North
Market Street 
 Wilmington, DE 19890 

Attention: Nissan Auto Receivables 2014-B Owner Trust 

with a copy to: 
 Nissan Auto
Receivables 2014-B Owner Trust 
 In care of: Nissan Motor Acceptance Corporation 

One Nissan Way 
 Franklin, TN
37067 
 Attention: Treasurer 
  

	 	(b)	if to the Administrator, to: 

 Nissan Motor Acceptance Corporation 

One Nissan Way 
 Franklin, TN
37067 
 Attention: Treasurer 

  

					
		  	9	  	(Nissan 2014-B Administration Agreement)

 (c) if to the Indenture Trustee, to: 

Wells Fargo Bank, National Association 

MAC N9311-161 
 Sixth Street and
Marquette Avenue 
 Minneapolis, MN 55479 

Attention: Corporate Trust Services – Asset Backed Securities Department 

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

11. AMENDMENTS. 
  

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

 (i) the Administrator
delivers an Officer’s Certificate or Opinion of Counsel to the Indenture Trustee to the effect that such amendment will not materially and adversely affect the interests of the Noteholders; or 

(ii) the Rating Agency Condition is satisfied with respect to such amendment; 

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

 

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

  

					
		  	10	  	(Nissan 2014-B Administration Agreement)

 (i) the Holders of Notes evidencing not less than a majority of the Outstanding
Amount of the Notes; and 
 (ii) the Holders of the Certificates evidencing a majority of the Certificate Balance. 

It shall not be necessary for the consent of Noteholders or Certificateholders to approve the particular form of any proposed amendment or
consent, but it will be sufficient if such consent approves the substance thereof. 
 12. SUCCESSOR AND ASSIGNS. This Agreement may not be assigned by
the Administrator unless such assignment is consented to in writing by the Issuer, the Owner Trustee and the Indenture Trustee, and the conditions precedent to appointment of a successor Administrator set forth in Section 8 are
satisfied. An assignment with such consent and satisfaction, if accepted by the assignee, shall bind the assignee hereunder in the same manner as the Administrator is bound hereunder. Notwithstanding the foregoing, this Agreement may be assigned by
the Administrator without the consent of the Issuer, the Owner Trustee and the Indenture Trustee to a corporation or other organization that is a successor (by merger, consolidation or purchase of assets) to the Administrator, provided that such
successor organization executes and delivers to the Issuer, the Owner Trustee and the Indenture Trustee an agreement in which such corporation or other organization agrees to be bound hereunder by the terms of said assignment in the same manner as
the Administrator is bound hereunder. Subject to the foregoing, this Agreement shall bind any successors or assigns of the parties hereto. 
 13.
GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without reference to its conflict of law provisions (other than Section 5-1401 of the General Obligations Law of
the State of New York), and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws. 
 14. NO
PETITION. Notwithstanding any prior termination of this Agreement, the Administrator shall not, prior to the date which is one year and one day after payment in full of all obligations of each Bankruptcy Remote Party in respect of all securities
issued by any Bankruptcy Remote Party, acquiesce, petition or otherwise invoke or cause such Bankruptcy Remote Party to invoke the process of any court or government authority for the purpose of commencing or sustaining a case against such
Bankruptcy Remote Party under any federal or state bankruptcy, insolvency or similar law, or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of such Bankruptcy Remote Party or any substantial
part of its property, or ordering the winding up or liquidation of the affairs of the Issuer. 
 15. HEADINGS. The section headings hereof have been
inserted for convenience of reference only and shall not be construed to affect the meaning, construction or effect of this Agreement. 
 16.
COUNTERPARTS. This Agreement may be executed in counterparts, each of which when so executed shall together constitute but one and the same agreement. 

  

					
		  	11	  	(Nissan 2014-B Administration Agreement)

 17. SEVERABILITY OF PROVISIONS. If any one or more of the agreements, provisions or terms of this
Agreement shall be for any reason whatsoever held invalid or unenforceable in any jurisdiction, then such agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the other provisions of this Agreement or the other rights of the parties hereto. 
 18. NOT
APPLICABLE TO NMAC IN OTHER CAPACITIES. Nothing in this Agreement shall affect any obligation, right or benefit NMAC may have in any other capacity or under any Basic Document. 

19. LIMITATION OF LIABILITY OF OWNER TRUSTEE AND INDENTURE TRUSTEE. Notwithstanding anything contained herein to the contrary, this instrument has been
countersigned by Wilmington Trust, National Association, not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer, and Wells Fargo Bank, National Association, not in its individual capacity but solely in its capacity
as Indenture Trustee under the Indenture and in no event shall Wilmington Trust, National Association in its individual capacity, Wells Fargo Bank, National Association, in its individual capacity, or any Certificateholder have any liability for the
representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the
Issuer. Additionally, the Indenture Trustee in its capacity hereunder shall be afforded the same indemnities, protections, rights, powers and immunities set forth in the Indenture as if such indemnities, protections, rights, powers and immunities
were specifically set forth herein. 
 20. USAGE OF TERMS. With respect to all terms in this Agreement, the singular includes the plural and the
plural the singular; words importing any gender include the other genders; references to “writing” include printing, typing, lithography and other means of reproducing words in a visible form; references to agreements and other contractual
instruments include all subsequent amendments, amendments and restatements, and supplements thereto or changes therein entered into in accordance with their respective terms and not prohibited by this Agreement; references to Persons include their
permitted successors and assigns; references to laws include their amendments and supplements, the rules and regulations thereunder and any successors thereto; the term “including” means “including without limitation;” and the
term “or” is not exclusive. 
 [Signature Page Follows] 

  

					
		  	12	  	(Nissan 2014-B Administration Agreement)

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

					
	NISSAN AUTO RECEIVABLES 2014-B OWNER TRUST
		
	By:	 	WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustees
			
		 	By:	 	 /s/ Dorri Costello

		 	Name: Dorri Costello
		 	Title: Assistant Vice President
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Indenture Trustee
		
	By:	 	 /s/ Marianna C. Stershic

	Name: Marianna C. Stershic
	Title: Vice President
	
	NISSAN MOTOR ACCEPTANCE CORPORATION, as Administrator
		
	By:	 	 /s/ Mark Kaczynski

	Name: Mark Kaczynski
	Title: President
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee
		
	By:	 	 /s/ Dorri Costello

	Name: Dorri Costello
	Title: Assistant Vice President

  

					
		  	S-1	  	(Nissan 2014-B Administration Agreement)Eighteenth Supplemental Indenture, dated as of December 10, 2014, between Viacom

 Exhibit 4.1 

VIACOM INC. 
 AND 

THE BANK OF NEW YORK MELLON 

Trustee 
  

 
 EIGHTEENTH
SUPPLEMENTAL INDENTURE 
 Dated as of December 10, 2014 

To Indenture dated as of April 12, 2006 

between 
 VIACOM INC. 

and 
 THE BANK OF NEW YORK MELLON

 Trustee 
  

 
  

 
 $400,000,000 2.750% Senior Notes due 2019 

$600,000,000 4.850% Senior Debentures due 2034 

 EIGHTEENTH SUPPLEMENTAL INDENTURE, dated as of December 10, 2014, between VIACOM INC., a
Delaware corporation (the “Company”), and THE BANK OF NEW YORK MELLON, a New York banking corporation, as trustee (the “Trustee”) to the Indenture, dated as of April 12, 2006, between the Company and the
Trustee, as supplemented from time to time (as so supplemented and as supplemented hereby, the “Indenture”). 
 RECITALS OF
THE COMPANY 
 WHEREAS, Section 901(5) of the Indenture permits supplements thereto without the consent of Holders of Securities to
change any provisions of the Indenture with respect to a series of Securities, where there are no Securities Outstanding which are entitled to the benefit of such provision; and 

WHEREAS, as contemplated by Section 301 of the Indenture, the Company intends to issue from time to time two new series of Securities
consisting of 2.750% Senior Notes due 2019 (the “Senior Notes”) and 4.850% Senior Debentures due 2034 (the “Senior Debentures”) under the Indenture; 

 
 NOW, THEREFORE, THIS EIGHTEENTH SUPPLEMENTAL INDENTURE WITNESSETH: 

 
 For consideration, the adequacy and sufficiency of which are hereby
acknowledged by the parties hereto, each party agrees as follows, for the benefit of the other party and for the equal and proportionate benefit of all Holders of the Senior Notes and Senior Debentures as follows: 

 
 SECTION
1.                For the purpose of this Eighteenth Supplemental Indenture, all terms used herein, unless otherwise defined, shall have the meaning assigned to them in
the Indenture, as supplemented hereby. 
  
 SECTION
2.      For the sole benefit of the Holders of the Senior Notes and the Senior Debentures: 
  

SECTION 2.1              The Company shall issue the Senior Notes in an initial aggregate
principal amount of $400,000,000 and the Senior Debentures in an initial aggregate principal amount of $600,000,000 on the date hereof. The forms of the Senior Notes and the Senior Debentures are set forth in Exhibit A and Exhibit B hereto,
respectively. The Senior Notes and the Senior Debentures shall include the legends set forth on the face of Exhibit A and Exhibit B hereto, respectively, substantially in the form so set forth, except to the extent otherwise provided herein. 

 SECTION 2.2              The Senior Notes
and the Senior Debentures shall each be issued initially in the form of one or more permanent global Securities, in registered form substantially in the form set forth in Exhibit A and Exhibit B hereto, respectively (together, the “Global
Securities”), registered in the name of the nominee of The Depository Trust Company, as U.S. Depositary, deposited with the Trustee, as custodian for the Depositary, duly executed by the Company and authenticated by the Trustee as provided
in Section 303 of the Indenture. The aggregate principal amount of the Global Securities may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary or its nominee, in
accordance with the instructions given by the Holder thereof, as hereinafter provided. 
  

SECTION 2.3              Section 1101 of the Indenture is hereby
deleted in its entirety and replaced by the following Section 1101: 
 SECTION 1101.  Optional
Redemption.  The Senior Notes and/or Senior Debentures will be redeemable, in accordance with this Article Eleven, at any time, at the option of the Company, in whole or from time to time in part, upon not less than 15 nor more than 45
days’ prior notice, on any date on or after November 15, 2019, in the case of the Senior Notes, and on or after June 15, 2034, in the case of the Senior Debentures, to their maturity at a Redemption Price equal to the sum of 100% of
the principal amount thereof and any accrued and unpaid interest, to the Redemption Date (subject to the rights of holders of record on the relevant Regular Record Date that is on or prior to the Redemption Date to receive interest due on the
relevant Interest Payment Date). The Company shall mail notice of any such redemption at least 15 days, but not more than 45 days, before the Redemption Date to each Holder of the Senior Notes or Senior Debentures, as the case may be, to be
redeemed. 
 The Senior Notes and/or Senior Debentures will be redeemable, in accordance with this Article Eleven, at
any time, at the option of the Company, in whole or from time to time in part, upon not less than 15 nor more than 45 days’ prior notice, on any date prior to November 15, 2019, in the case of the Senior Notes, and on any date prior to
June 15, 2034, in the case of the Senior Debentures, at a Redemption Price equal to the sum of 100% of the principal amount thereof and the Make-Whole Amount and any accrued and unpaid interest, to the Redemption Date (subject to the rights of
holders of record on the relevant Regular Record Date that is on or prior to the Redemption Date to receive interest due on the relevant Interest Payment Date). The Make-Whole Amount with respect to such a redemption shall be calculated by an
independent investment banking institution of national standing appointed by the Company. If, for purposes of calculating the Make-Whole Amount, the Reinvestment Rate shall not be available as set forth in the definition thereof, the Reinvestment
Rate shall be calculated by interpolation or extrapolation of comparable rates selected by the independent investment banking institution. 

For purposes of this Section 1101, the term “Make-Whole Amount” means the excess, if any, of (i) the
aggregate present value as of the Redemption Date of the principal being redeemed and the amount of interest (exclusive of interest accrued to the Redemption Date) that would have been payable to the applicable Par Call Date if redemption had not
been made, determined by discounting, on a semiannual basis, the remaining principal and interest at 

  
 2 

 
the respective Reinvestment Rate described below (determined on the third business day preceding the Redemption Date) from the dates on which the principal and interest would have been payable on
the applicable Par Call Date, to the Redemption Date, over (ii) the aggregate principal amount of such Senior Notes or Senior Debentures, as the case may be. 

For purposes of this Section 1101, the term “Reinvestment Rate” means (i) the arithmetic mean of the
yields under the heading “Week Ending” published in the most recent Federal Reserve Statistical Release H.15 (or any comparable successor publication) under the caption “Treasury Constant Maturities” for the maturity (rounded to
the nearest month) corresponding to the remaining life to the applicable Par Call Date, as of the payment date of the principal being redeemed or paid, plus (ii) 0.20%, in the case of the Senior Notes, or 0.30%, in the case of the Senior
Debentures. If no maturity exactly corresponds to the applicable Par Call Date, yields for the two published maturities most closely corresponding to the applicable Par Call Date shall be so calculated and the Reinvestment Rate shall be interpolated
or extrapolated, as the case may be, on a straight-line basis, rounding to the nearest month. The most recent Federal Reserve Statistical Release H.15 published prior to the date of determination of the Make-Whole Amount shall be used for purposes
of calculating the Reinvestment Rate. 
 For purposes of this Section 1101, the term “Par Call Date” means
November 15, 2019, with respect to the Senior Notes, and June 15, 2034, with respect to the Senior Debentures. 
 SECTION
2.4              Section 101 of the Indenture is hereby amended by adding the following definitions, each in appropriate alphabetical order: 

“Below Investment Grade Rating Event” with respect to the Senior Notes or the Senior Debentures, as the case may be,
means that the Senior Notes or the Senior Debentures become rated below Investment Grade by all of the Rating Agencies on any date from the date of the public notice of an arrangement that results in a Change of Control until the end of the 60-day
period following public notice of the occurrence of a Change of Control (which period shall be extended so long as the rating of the Senior Notes or the Senior Debentures, as the case may be, is under publicly announced consideration for possible
downgrade by any of the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus
shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Repurchase Event hereunder) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not
announce or publicly confirm or inform the Trustee in writing at its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of
Control (whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event). 

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

 

	 	 (1)	 the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related
transactions, of all or substantially all of the properties or assets of the 

  
 3 

	 	 
Company and those of the subsidiaries of the Company, taken as a whole, to any “person” (individually and as that term is used in Section 13(d)(3) and Section 14(d)(2) of the
Exchange Act), other than the Company or one of its Affiliates; 

  

	 	(2)	the first day on which a majority of the members of the Board of Directors of the Company are not Continuing Directors; 

  

	 	(3)	the consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation) the result of which is that any “person” (individually and as that term is
used in Section 13(d)(3) and Section 14(d)(2) of the Exchange Act), other than the Company, one of its subsidiaries or Redstone Family Members, becomes the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of
the Company, and following such transaction or transactions, Redstone Family Members beneficially own less than 50% of the Voting Stock of the Company, in each case, measured by voting power rather than number of shares; or 

 

	 	(4)	the consummation of a so-called “going private/Rule 13e-3 Transaction” that results in any of the effects described in paragraph (a)(3)(ii) of Rule 13e-3 under the Exchange Act (or any successor provision)
with respect to each class of the Company’s common stock, following which Redstone Family Members beneficially own, directly or indirectly, more than 50% of the Voting Stock of the Company, measured by voting power rather than the number of
shares. 

 As used in this definition of “Change of Control,” an “Affiliate” of the
Company means any Person directly or indirectly controlling, controlled by or under direct or indirect common control with the Company, or directly or indirectly controlled by a Redstone Family Member, and “Voting Stock,” as applied to
stock of any Person, means shares, interests, participations or other equivalents in the equity interest (however designated) in such Person having ordinary voting power for the election of a majority of the directors (or the equivalent) of such
Person, other than shares, interests, participations or other equivalents having such power only by reason of the occurrence of a contingency. 

“Change of Control Offer” has the meaning assigned in Section 1108. 

“Change of Control Price” has the meaning assigned in Section 1108. 

“Change of Control Repurchase Event” in respect of the Senior Notes or the Senior Debentures means the occurrence of
both a Change of Control and a Below Investment Grade Rating Event in respect of the Senior Notes or the Senior Debentures. 

“Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the Company
who: 
  

	 	 (1)	was a member of such Board of Directors on the first date that any of the Senior Notes and Senior Debentures were issued; or 

  
 4 

	 	(2)	was nominated for election or elected to the Board of Directors of the Company (i) with the approval of Redstone Family Members representing not less than 50% of the Voting Stock of the Company, measured by voting
power rather than number of shares, or (ii) with the approval of a majority of the Continuing Directors who were members of the Board of Directors of the Company at the time of such nomination or election. 

“Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating
categories of Moody’s), BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or BBB- or better by Fitch (or its equivalent under any successor rating categories of Fitch) (or, in each case, if such
Rating Agency ceases to rate the Senior Notes or the Senior Debentures, as the case may be, for reasons outside of the Company’s control, the equivalent investment grade credit rating from any Rating Agency selected by the Company as a
replacement Rating Agency). 
 “Redstone Family Members” includes only the following persons:
(i) Mr. Sumner Redstone, (ii) the estate of Mr. Redstone; (iii) each descendant of Mr. Redstone or spouse or former spouse of Mr. Redstone and their respective estates, guardians, conservators or committees;
(iv) any spouse or former spouse of Mr. Redstone; (v) each “Family Controlled Entity” (as defined below); and (vi) the trustees, in their respective capacities as such, of each “Family Controlled Trust” (as
defined below). The term “Family Controlled Entity” means (i) any not-for-profit corporation if more than 50% of its board of directors is composed of Redstone Family Members; (ii) any other corporation if more than 50% of the
value of its outstanding equity is owned by Redstone Family Members; (iii) any partnership if more than 50% of the value of its partnership interests are owned by Redstone Family Members; and (iv) any limited liability or similar company
if more than 50% of the value of the company is owned by Redstone Family Members. The term “Family Controlled Trust” includes certain trusts existing on December 3, 2014 and any other trusts the primary beneficiaries of which are
Redstone Family Members, spouses of Redstone Family Members and/or charitable organizations, provided that if the trust is a wholly charitable trust, more than 50% of the trustees of such trust consist of Redstone Family Members. 

“Fitch” means Fitch Ratings, Ltd. 

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

“Rating Agency” means: 
  

	 	(1)	each of Moody’s, S&P and Fitch; and 

  

	 	(2)	if any of Moody’s, S&P or Fitch ceases to rate the Senior Notes or the Senior Debentures or fails to make a rating of the Senior Notes or the Senior Debentures, as the case may be, publicly available for
reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act selected by the Company as a replacement agency for any or all
of Moody’s, S&P or Fitch, as the case may be. 

  
 5 

 “S&P” means Standard & Poor’s Ratings Services, a
division of McGraw-Hill Financial, Inc. 
  
 SECTION
2.5              The following Section 1108 is hereby added to the Indenture: 

SECTION 1108.  Change of Control.  (a) Upon the occurrence of a Change of Control Repurchase
Event in respect of Senior Notes or Senior Debentures, the Company shall make an offer to each holder of Senior Notes and/or Senior Debentures as to which the Change of Control Repurchase Event has occurred to repurchase all or any part (equal to
$2,000 or an integral multiple of $1,000 in excess thereof) of such holder’s Senior Notes and/or Senior Debentures pursuant to the offer described in this Section 1108 (the “Change of Control Offer”) at a purchase price equal to
101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase (the “Change of Control Price”). Within 30 days following any Change of Control Repurchase Event in respect of Senior Notes
and/or Senior Debentures or, at the option of the Company, prior to any Change of Control, but after the public announcement of the Change of Control, the Company shall mail a notice to each holder describing the transaction or transactions that
constitute or may constitute the Change of Control Repurchase Event and offering to repurchase Senior Notes and/or Senior Debentures, as the case may be, on the payment date specified in the notice, which date will be no earlier than 30 days and no
later than 60 days from the date such notice is mailed. The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the offer to repurchase is conditioned on the Change of Control Repurchase Event occurring on
or prior to the payment date specified in the notice. 
 (b)        The Company
shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations to the extent those laws and regulations are applicable in connection with the repurchase of the Senior Notes or the Senior
Debentures as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Senior Notes or the Senior Debentures, the
Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Senior Notes or the Senior Debentures by virtue of such
conflict. 
 (c)         On the Change of Control Repurchase Event payment
date, the Company shall, to the extent lawful: 
  

	 	(1)	accept for payment all Senior Notes and Senior Debentures or portions of Senior Notes and Senior Debentures properly tendered pursuant to the Company’s offer; 

  
 6 

	 	(2)	deposit with the paying agent an amount equal to the aggregate purchase price in respect of all Senior Notes and Senior Debentures or portions of Senior Notes and Senior Debentures properly tendered; and

  

	 	(3)	deliver or cause to be delivered to the Trustee the Senior Notes and Senior Debentures properly accepted, together with an officers’ certificate stating the aggregate principal amount of Senior Notes and Senior
Debentures being purchased by the Company. 

 (d)         The
Paying Agent shall promptly pay, from funds deposited by the Company for such purpose, to each holder of Senior Notes and Senior Debentures properly tendered the purchase price for such Senior Notes and Senior Debentures, and the Trustee shall
promptly authenticate and mail (or cause to be transferred by book-entry) to each holder a new Senior Note and/or Senior Debenture equal in principal amount to any unpurchased portion of any Senior Notes or Senior Debentures surrendered, as the case
may be. 
 (e)         The Company shall not be required to make an offer to
repurchase the Senior Notes and/or Senior Debentures subject to any Change of Control Repurchase Event if a third party makes an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and
such third party purchases all Senior Notes and Senior Debentures properly tendered and not withdrawn under its offer. 
  

SECTION 2.6                The following Section 305A is hereby added to
the Indenture: 
 SECTION 305A.  Book-Entry Provisions for Global Securities.  (a) Each
Global Security initially shall (i) be registered in the name of the Depositary for such Global Security or the nominee of such Depositary, (ii) be delivered to the Trustee, as custodian for such Depositary, and (iii) bear legends as
set forth on the face of the form of the Senior Note or of the form of the Senior Debenture, as applicable. 
 Members of,
or Participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect to any Global Security held on their behalf by the Depositary, or the Trustee as its custodian, or under such Global
Security, and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall
prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the
operation of customary practices governing the exercise of the rights of a holder of any Security. 

(b)        Transfers of a Global Security shall be limited to transfers of such
Global Security in whole, but not in part, to the Depositary, its successors or their respective nominees. Transfers of interests in one Global Security to parties who will hold the interests through the same Global Security will be effected in the
ordinary way 

  
 7 

 
in accordance with the rules and operating procedures of the applicable Depositary. The provisions of the “Operating Procedures of the Euroclear System” and “Terms and Conditions
Governing Use of Euroclear” of Euroclear and the “General Terms and Conditions of Clearstream” and “Customer Handbook” of Clearstream shall be applicable to interests in the Global Securities that are held by Agent Members
through Euroclear and Clearstream. 
 (c)        Any beneficial interest in one of
the Global Securities that is transferred to a person who takes delivery in the form of an interest in another Global Security will, upon transfer, cease to be an interest in such Global Security and become an interest in such other Global Security
and, accordingly, will thereafter be subject to all transfer restrictions, if any, and other procedures applicable to beneficial interests in such other Global Security for so long as it remains such an interest. 

(d)        In connection with any transfer of a portion of the interests in a Global
Security to beneficial owners pursuant to paragraph (c) of this Section 305A, the Registrar shall reflect on its books and records the date and a decrease in the principal amount of such Global Security in an amount equal to the
principal amount of the interest in such Global Security to be transferred. 

(e)        In connection with the transfer of the Global Securities, in whole, to
beneficial owners pursuant to paragraph (b) of this Section 305A, the Global Securities shall be deemed to be surrendered to the Trustee for cancellation. 

(f)        The registered holder of a Global Security may grant proxies and otherwise
authorize any person, including Agent Members and persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Senior Notes and the Senior Debentures. 

(g)        The Senior Notes and the Senior Debentures are initially solely issuable
as Global Securities. Registered Securities shall be physically transferred to all beneficial owners in definitive form in exchange for their beneficial interests in a Global Security, if the Depositary with respect to such Global Securities
notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security, as the case may be, and a successor Depositary is not appointed by the Company within 90 days of such notice. 

(h)        All Senior Notes and Senior Debentures issued upon any transfer or
exchange of Senior Notes and Senior Debentures shall be valid, legally enforceable obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Senior Notes and Senior Debentures surrendered
upon such transfer or exchange. 
 SECTION 3.      THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN THIS EIGHTEENTH SUPPLEMENTAL
INDENTURE. 

  
 8 

 SECTION 4.      This Eighteenth Supplemental Indenture may be executed in any
number of counterparts, each of which when so executed shall be deemed to be an original, but such counterparts shall together constitute but one and the same instrument. 

SECTION 5.     Except as herein amended with respect to the Senior Notes and the Senior Debentures, all applicable terms, conditions
and provisions of the Indenture, as supplemented, shall continue in full force and effect and shall remain binding and enforceable in accordance with their respective terms. 

SECTION 6.    The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. The recitals and
statements herein are deemed to be those of the Company and not of the Trustee. 

  
 9 

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

					
	VIACOM INC.	 	
			
	By:  	 	 /s/ George S. Nelson
	 	
		 	Name: George S. Nelson
		 	Title: Senior Vice President and Treasurer

  
 Signature Page to
Supplemental Indenture 

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

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

  
 Signature Page to
Supplemental Indenture 

 EXHIBIT A TO EIGHTEENTH SUPPLEMENTAL INDENTURE 

Each Global Security shall bear the following legend: Unless this certificate is presented by an authorized
representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company (as defined below) or its 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. 

Any Global Security issued hereunder shall bear a legend in substantially the following form: This Security
is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of the Depositary or a nominee of the Depositary. This Security is exchangeable for Securities registered in the name of a person other
than the Depositary or its nominee only in the limited circumstances described in the Indenture, and may not be transferred except as a whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or
another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary. 

  
 A-1 

 VIACOM INC. 

2.750% Senior Note due 2019 
  

					
	No.	  	$            	  	
			
		  	CUSIP: 92553P AY8  	  	

 Viacom Inc., a Delaware corporation (herein called the “Company,”
which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
$             on December 15, 2019 at the office or agency of the Company referred to below, and to pay interest thereon in arrears on June 15, 2015 and semiannually thereafter,
on June 15 and December 15 in each year, from December 10, 2014, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, at the rate of 2.750% per annum, until the principal hereof is
paid or duly provided for. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid, in immediately available funds, to the Person in whose name this Security (or
one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the June 1 or December 1, as the case may be, next preceding such Interest Payment Date. Any such
interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date, and such defaulted interest, shall be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to the Holder of this Security not less than 10 days prior to such
Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, all as more
fully provided in said Indenture. Payment of the principal of and interest on this Security will be made at the Corporate Trust Office of the Trustee or such other office or agency of the Company as may be designated for such purpose, in such coin
or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that each installment of interest and principal on this Security may at the
Company’s option be paid in immediately available funds by transfer to an account maintained by the payee located in the United States. 

The statements set forth in the restrictive legends above are an integral part of the terms of this Security and by acceptance hereof each
holder of this Security agrees to be subject to and bound by the terms and provisions set forth in such legend. 
 This
Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), unlimited in aggregate principal amount, issued and to be issued in one or more series under an indenture dated as of April 12,
2006 between the Company and The Bank of New York Mellon, as trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), as supplemented from time to time and as further supplemented by the
Eighteenth Supplemental Indenture dated as of December 10, 2014 between the Company and 

  
 A-2 

 
the Trustee (as so supplemented, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights,
limitations of rights, duties, obligations and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of a
series designated as 2.750% Senior Notes due 2019, initially limited in aggregate principal amount to $400,000,000. This Security is a global Security representing
$                         of the Securities. All terms used in this Security which are defined in the Indenture shall have the
meanings assigned to them in the Indenture. 
 INCLUDE IF SECURITY IS A GLOBAL SECURITY: This Security is a
“book-entry” Security and is being registered in the name of Cede & Co. as nominee of The Depository Trust Company (“DTC”), a clearing agency. Subject to the terms of the Indenture, this Security will be held by a
clearing agency or its nominee, and beneficial interest will be held by beneficial owners through the book-entry facilities of such clearing agency or its nominee in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof.
As long as this Security is registered in the name of DTC or its nominee, the Trustee will make payments of principal of and interest on this Security by wire transfer of immediately available funds to DTC or its nominee. Notwithstanding the above,
the final payment on this Security will be made after due notice by the Trustee of the pendency of such payment and only upon presentation and surrender of this Security at its principal corporate trust office or such other offices or agencies
appointed by the Trustee for that purpose and such other locations provided in the Indenture. 
 If an
Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

The Securities of this series are not subject to any sinking fund and are subject to redemption prior to
maturity as set forth below. 
 The Securities of this series will be redeemable at any time, at the
option of the Company, in whole or in part, upon not less than 15 nor more than 45 days’ prior notice, on any date prior to November 15, 2019 at a Redemption Price equal to the sum of 100% of the principal amount thereof and the Make-Whole
Amount and any accrued and unpaid interest, to the Redemption Date (subject to the rights of holders of record on the relevant Regular Record Date that is on or prior to the Redemption Date to receive interest due on the relevant Interest Payment
Date). 
 The Securities of this series will be redeemable at any time, at the option of the Company, in
whole or in part, upon not less than 15 nor more than 45 days’ prior notice, on any date on or after November 15, 2019 at a Redemption Price equal to the sum of 100% of the principal amount thereof and any accrued and unpaid interest, to
the Redemption Date (subject to the rights of holders of record on the relevant Regular Record Date that is on or prior to the Redemption Date to receive interest due on the relevant Interest Payment Date). 

In the case of any partial redemption, selection of the Securities of this series for redemption will be
made by the Trustee by lot or by such other method as the Trustee in its sole 

  
 A-3 

 
discretion deems to be fair and appropriate; provided that no Securities of this series of $2,000 in principal amount or less shall be redeemed in part. If any Security is to be redeemed in part
only, the notice of redemption relating to such Security shall state the portion of the principal amount thereof to be redeemed. A new Security in principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder
thereof upon cancellation of the original Security. 
 INCLUDE IF SECURITY IS A GLOBAL SECURITY: In the
event of a deposit or withdrawal of an interest in this Security, including an exchange, transfer, repurchase or conversion of this Security in part only, the Trustee, as custodian of the Depositary, shall make an adjustment on its records to
reflect such deposit or withdrawal in accordance with the rules and procedures of the Depositary. 

The Indenture contains provisions for defeasance at any time of (a) the entire
indebtedness of the Company on this Security and (b) certain restrictive covenants and the related Defaults and Events of Default, upon compliance by the Company with certain conditions set forth therein, which provisions apply to this
Security. 
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less
than a majority in principal amount of the Outstanding Securities of each series affected thereby. The Indenture also contains provisions permitting the Holders of not less than specified percentages in aggregate principal amount of the Outstanding
Securities of each series, on behalf of the Holders of all the Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such
consent or waiver by or on behalf of the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof whether or not notation of such consent or waiver is made upon this Security. 
 As set
forth in, and subject to, the provisions of the Indenture, no Holder of any Security of this series will have any right to institute any proceeding with respect to the Indenture or for any remedy thereunder, unless such Holder shall have previously
given to the Trustee written notice of a continuing Event of Default with respect to this series, the Holders of not less than 25% in principal amount of the Outstanding Securities of this series shall have made written request to, and offered
indemnity reasonably satisfactory to, the Trustee to institute such proceeding as trustee, and the Trustee shall not have received from the Holders of a majority in principal amount of the Outstanding Securities of this series a direction
inconsistent with such request and shall have failed to institute such proceeding within 60 days; provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for the enforcement of payment of the
principal of or interest on this Security on or after the respective due dates expressed herein. 

  
 A-4 

 No reference herein to the Indenture and no provision of this
Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, place, and rate, and in the coin or currency, herein
prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registerable on the Security Register of the Company, upon surrender of this Security for registration of transfer at the office or agency of the Company maintained for such purpose in New York, New York or at such other
office or agency as the Company may designate, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in
writing, and thereupon one or more new Securities of this series of authorized denominations and for the same aggregate principal amount will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in denominations of
$2,000 and integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Securities of this series are exchangeable for a like aggregate principal amount of Securities of this
series and of a different authorized denomination, as requested by the Holder surrendering the same. 
 No
service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to the time of due presentment of this Security for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the absolute owner hereof for all purposes, whether or not this Security be overdue, and none of the Company, the Trustee or any agent of
the Company or the Trustee shall be affected by notice to the contrary. 
 If at any time, a Depositary is
unwilling or unable to continue as Depositary and a successor Depositary is not appointed by the Company within 90 days, then the Company will execute and the Trustee will authenticate and deliver Securities in definitive registered form, in
authorized denominations, and in an aggregate principal amount equal to the principal amount of this Security in exchange for this Security. Such Securities in definitive registered form shall be registered in such names and issued in such
authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Securities to the Persons in whose names such Securities are so
registered. 
 Unless the certificate of authentication hereon has been duly executed by or on behalf of
The Bank of New York Mellon, the Trustee under the Indenture, or its successor thereunder, by the manual or facsimile signature of one of its authorized officers, this Security shall not be entitled to any benefit under the Indenture, or be valid or
obligatory for any purpose. 

  
 A-5 

 This Security shall be governed by, and construed in accordance with, the laws
of the State of New York. 

  
 A-6 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

									
	Dated: December 10, 2014	 		 	VIACOM INC.	 	
		 		 	as Issuer	 	
		 		 	  
  

By:
	 	  
  

 
	 	
		 		 		 	Name:	 	
		 		 		 	Title:	 	

  
 A-7 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

 
 This is one of the Securities of a series referred to in the within-mentioned Indenture. 
  

							
	THE BANK OF NEW YORK MELLON,
	as Trustee

 
							
	  
  

By:
	 	  
  

 
	 	

 
							
	
	Authorized Signatory

  
 Dated: December 10, 2014 

  
 A-8 

 EXHIBIT B TO EIGHTEENTH SUPPLEMENTAL INDENTURE 

 
 Each Global Security shall bear the
following legend: Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company (as defined below) or its 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. 

Any Global Security issued hereunder shall bear a legend in substantially the following form: This Security
is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of the Depositary or a nominee of the Depositary. This Security is exchangeable for Securities registered in the name of a person other
than the Depositary or its nominee only in the limited circumstances described in the Indenture, and may not be transferred except as a whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or
another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary. 

  
 B-1 

 VIACOM INC. 

4.850% Senior Debenture due 2034 
  

			
	No.	  	$                                    
    
		  	  
 CUSIP: 92553P
AZ5        

 Viacom Inc., a Delaware corporation (herein called the “Company,”
which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
$               on December 15, 2034 at the office or agency of the Company referred to below, and to pay interest thereon in arrears on June 15, 2015 and semiannually
thereafter, on June 15 and December 15 in each year, from December 10, 2014, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, at the rate of 4.850% per annum, until the principal
hereof is paid or duly provided for. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid, in immediately available funds, to the Person in whose name this
Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the June 1 or December 1, as the case may be, next preceding such Interest Payment Date.
Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date, and such defaulted interest, shall be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to the Holder of this Security not less than 10 days prior
to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, all
as more fully provided in said Indenture. Payment of the principal of and interest on this Security will be made at the Corporate Trust Office of the Trustee or such other office or agency of the Company as may be designated for such purpose, in
such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that each installment of interest and principal on this Security may at the
Company’s option be paid in immediately available funds by transfer to an account maintained by the payee located in the United States. 

The statements set forth in the restrictive legends above are an integral part of the terms of this Security and by acceptance hereof each
holder of this Security agrees to be subject to and bound by the terms and provisions set forth in such legend. 
 This
Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), unlimited in aggregate principal amount, issued and to be issued in one or more series under an indenture dated as of April 12,
2006 between the Company and The Bank of New York Mellon, as trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), as supplemented from time to time and as further supplemented by the
Eighteenth Supplemental Indenture dated as of December 10, 2014 between the Company and 

  
 B-2 

 
the Trustee (as so supplemented, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights,
limitations of rights, duties, obligations and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of a
series designated as 4.850% Senior Debentures due 2034, initially limited in aggregate principal amount to $600,000,000. This Security is a global Security representing $             of the
Securities. All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

INCLUDE IF SECURITY IS A GLOBAL SECURITY: This Security is a “book-entry” Security and is being registered in the
name of Cede & Co. as nominee of The Depository Trust Company (“DTC”), a clearing agency. Subject to the terms of the Indenture, this Security will be held by a clearing agency or its nominee, and beneficial interest will be held
by beneficial owners through the book-entry facilities of such clearing agency or its nominee in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. As long as this Security is registered in the name of DTC or its
nominee, the Trustee will make payments of principal of and interest on this Security by wire transfer of immediately available funds to DTC or its nominee. Notwithstanding the above, the final payment on this Security will be made after due notice
by the Trustee of the pendency of such payment and only upon presentation and surrender of this Security at its principal corporate trust office or such other offices or agencies appointed by the Trustee for that purpose and such other locations
provided in the Indenture. 
 If an Event of Default with respect to Securities of this series shall occur
and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

The Securities of this series are not subject to any sinking fund and are subject to redemption prior to
maturity as set forth below. 
 The Securities of this series will be redeemable at any time, at the
option of the Company, in whole or in part, upon not less than 15 nor more than 45 days’ prior notice, on any date prior to June 15, 2034 at a Redemption Price equal to the sum of 100% of the principal amount thereof and the Make-Whole
Amount and any accrued and unpaid interest, to the Redemption Date (subject to the rights of holders of record on the relevant Regular Record Date that is on or prior to the Redemption Date to receive interest due on the relevant Interest Payment
Date). 
 The Securities of this series will be redeemable at any time, at the option of the Company, in
whole or in part, upon not less than 15 nor more than 45 days’ prior notice, on any date on or after June 15, 2034 to their maturity at a Redemption Price equal to the sum of 100% of the principal amount thereof and any accrued and unpaid
interest, to the Redemption Date (subject to the rights of holders of record on the relevant Regular Record Date that is on or prior to the Redemption Date to receive interest due on the relevant Interest Payment Date). 

  
 B-3 

 In the case of any partial redemption, selection of the
Securities of this series for redemption will be made by the Trustee by lot or by such other method as the Trustee in its sole discretion deems to be fair and appropriate; provided that no Securities of this series of $2,000 in principal amount or
less shall be redeemed in part. If any Security is to be redeemed in part only, the notice of redemption relating to such Security shall state the portion of the principal amount thereof to be redeemed. A new Security in principal amount equal to
the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the original Security. 

INCLUDE IF SECURITY IS A GLOBAL SECURITY: In the event of a deposit or withdrawal of an interest in this
Security, including an exchange, transfer, repurchase or conversion of this Security in part only, the Trustee, as custodian of the Depositary, shall make an adjustment on its records to reflect such deposit or withdrawal in accordance with the
rules and procedures of the Depositary. 
 The Indenture contains provisions for defeasance
at any time of (a) the entire indebtedness of the Company on this Security and (b) certain restrictive covenants and the related Defaults and Events of Default, upon compliance by the Company with certain conditions set forth therein,
which provisions apply to this Security. 
 The Indenture permits, with certain exceptions as therein
provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of not less than a majority in principal amount of the Outstanding Securities of each series affected thereby. The Indenture also contains provisions permitting the Holders of not less than specified percentages in aggregate
principal amount of the Outstanding Securities of each series, on behalf of the Holders of all the Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture
and their consequences. Any such consent or waiver by or on behalf of the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of
transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent or waiver is made upon this Security. 

As set forth in, and subject to, the provisions of the Indenture, no Holder of any Security of this series
will have any right to institute any proceeding with respect to the Indenture or for any remedy thereunder, unless such Holder shall have previously given to the Trustee written notice of a continuing Event of Default with respect to this series,
the Holders of not less than 25% in principal amount of the Outstanding Securities of this series shall have made written request to, and offered indemnity reasonably satisfactory to, the Trustee to institute such proceeding as trustee, and the
Trustee shall not have received from the Holders of a majority in principal amount of the Outstanding Securities of this series a direction inconsistent with such request and shall have failed to institute such proceeding within 60 days;
provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for the enforcement of payment of the principal of or interest on this Security on or after the respective due dates expressed
herein. 

  
 B-4 

 No reference herein to the Indenture and no provision of this
Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, place, and rate, and in the coin or currency, herein
prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registerable on the Security Register of the Company, upon surrender of this Security for registration of transfer at the office or agency of the Company maintained for such purpose in New York, New York or at such other
office or agency as the Company may designate, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in
writing, and thereupon one or more new Securities of this series of authorized denominations and for the same aggregate principal amount will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in denominations of
$2,000 and integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Securities of this series are exchangeable for a like aggregate principal amount of Securities of this
series and of a different authorized denomination, as requested by the Holder surrendering the same. 
 No
service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to the time of due presentment of this Security for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the absolute owner hereof for all purposes, whether or not this Security be overdue, and none of the Company, the Trustee or any agent of
the Company or the Trustee shall be affected by notice to the contrary. 
 If at any time, a Depositary is
unwilling or unable to continue as Depositary and a successor Depositary is not appointed by the Company within 90 days, then the Company will execute and the Trustee will authenticate and deliver Securities in definitive registered form, in
authorized denominations, and in an aggregate principal amount equal to the principal amount of this Security in exchange for this Security. Such Securities in definitive registered form shall be registered in such names and issued in such
authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Securities to the Persons in whose names such Securities are so
registered. 
 Unless the certificate of authentication hereon has been duly executed by or on behalf of
The Bank of New York Mellon, the Trustee under the Indenture, or its successor thereunder, by the manual or facsimile signature of one of its authorized officers, this Security shall not be entitled to any benefit under the Indenture, or be valid or
obligatory for any purpose. 

  
 B-5 

 This Security shall be governed by, and construed in accordance
with, the laws of the State of New York. 

  
 B-6 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

  

									
	Dated: December 10, 2014	 		 	VIACOM INC.	 	
		 		 	as Issuer	 	
					
		 		 	By:	 	  
	 	
		 		 		 	Name:	 	
		 		 		 	Title:	 	

  
 B-7 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of a series referred to in the within-mentioned Indenture. 

 
  

									
		 		 	THE BANK OF NEW YORK MELLON,
		 		 	as Trustee	 	
					
		 		 	By:	 	  
	 	
				
		 		 	Authorized Signatory	 	
				
	Dated: December 10, 2014	 		 		 	

  
 B-8

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