Document:

TENTH SUPPLEMENTAL INDENTURE

 Exhibit 4.1 
 VIACOM INC. 
 AND 

THE BANK OF NEW YORK MELLON 
 Trustee 
  

 
 TENTH
SUPPLEMENTAL INDENTURE 
 Dated as of February 28, 2012 

To Indenture dated as of April 12, 2006 
 between 
 VIACOM INC. 

and 
 THE BANK OF
NEW YORK MELLON 
 Trustee 
  

 
 1.250% Senior
Notes due 2015 
 4.500% Senior Debentures due 2042 

 TENTH SUPPLEMENTAL INDENTURE, dated as of February 28, 2012, 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 by the First Supplemental Indenture, dated as of April 12, 2006, between the Company and the Trustee, as further supplemented by the Second Supplemental Indenture, dated as of June 16, 2006, between the Company and
the Trustee, as further supplemented by the Third Supplemental Indenture, dated as of December 13, 2006, between the Company and the Trustee, as further supplemented by the Fourth Supplemental Indenture, dated as of October 5, 2007,
between the Company and the Trustee, as further supplemented by the Fifth Supplemental Indenture, dated as of August 26, 2009, between the Company and the Trustee, as further supplemented by the Sixth Supplemental Indenture, dated as of
September 29, 2009, between the Company and the Trustee, as further supplemented by the Seventh Supplemental Indenture, dated as of February 22, 2011, between the Company and the Trustee, as further supplemented by the Eighth Supplemental
Indenture, dated as of March 31, 2011, between the Company and the Trustee and as further supplemented by the Ninth Supplemental Indenture, dated as of December 12, 2011, between the Company and the Trustee (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 1.250% Senior Notes due 2015 (the “Senior
Notes”) and 4.500% Senior Debentures due 2042 (the “Senior Debentures”) under the Indenture; 
 NOW,
THEREFORE, THIS TENTH SUPPLEMENTAL INDENTURE WITNESSETH: 
 SECTION 1. For the purpose of this Tenth 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 $500,000,000 and the Senior Debentures in an initial aggregate principal amount of $250,000,000 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 30 nor more than 60 days’
prior notice, on any date prior to their maturity 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 if redemption had not been made, determined by discounting, on a semiannual basis, the remaining principal and interest at the
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 if the redemption had not been made, 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 

  
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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 Maturity, as of the payment date of the principal being redeemed or paid, plus (ii) 0.15%, in the case of the Senior Notes, or 0.30%, in the case of the Senior Debentures. If no maturity exactly
corresponds to the Maturity, yields for the two published maturities most closely corresponding to the Maturity shall be so calculated and the Reinvestment Rate shall be interpolated or extrapolated 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. 

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 Senior Debentures, as the case may be,
means that such Senior Notes or 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 such Senior Notes or 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 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; 

  
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	 	(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 such Senior Notes or 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 

 

	 	(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. 

  
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 “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 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 February 23, 2012 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 Senior Debentures or fails to make a rating of the Senior Notes or 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. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc.

 SECTION 2.5 The following Section 1108 is hereby added to the Indenture: 

  
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 SECTION 1108. Change of Control. (a) Upon the occurrence of a
Change of Control Repurchase Event in respect of the Senior Notes or Senior Debentures, the Company shall make an offer to each holder of such 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 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, 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 the Senior Notes 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 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 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 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;

  

	 	(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 the 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

  
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properly tendered the purchase price for the 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 Senior Notes and Senior Debentures surrendered, as the case may be. 

(e) The Company shall not be required to make an offer to repurchase the Senior Notes 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 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 

  
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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 Senior Debentures. 

(g) The Senior Notes and 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 TENTH SUPPLEMENTAL INDENTURE. 

SECTION 4. This Tenth 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 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.

  
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 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. 

  
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 IN WITNESS WHEREOF, the parties have caused this Tenth 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/ SHERMA THOMAS

		 	Name: Sherma Thomas
		 	Title: Senior Associate

 Signature Page to Supplemental Indenture 

 EXHIBIT A TO TENTH 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. 

  
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 VIACOM INC. 
 1.250% Senior Note due 2015 
  

					
	No.	  		  	$
			
		  		  	CUSIP: 92553P AK8

 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 February 27, 2015 at the office or agency of the Company referred
to below, and to pay interest thereon in arrears on August 27, 2012 and semiannually thereafter, on February 27 and August 27 in each year, from February 28, 2012, or from the most recent Interest Payment Date to which interest
has been paid or duly provided for, at the rate of 1.250% 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
February 12 or August 12, 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 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 by the
First Supplemental Indenture dated as of April 12, 2006 between the Company and the Trustee, as further supplemented by the Second 

  
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Supplemental Indenture dated as of June 16, 2006 between the Company and the Trustee, as further supplemented by the Third Supplemental Indenture dated as of December 13, 2006 between
the Company and the Trustee, as further supplemented by the Fourth Supplemental Indenture dated as of October 5, 2007 between the Company and the Trustee, as further supplemented by the Fifth Supplemental Indenture dated as of August 26,
2009 between the Company and the Trustee, as further supplemented by the Sixth Supplemental Indenture dated as of September 29, 2009 between the Company and the Trustee, as further supplemented by the Seventh Supplemental Indenture dated as of
February 22, 2011 between the Company and the Trustee, as further supplemented by the Eighth Supplemental Indenture dated as of March 31, 2011 between the Company and the Trustee, as further supplemented by the Ninth Supplemental Indenture
dated as of December 12, 2011 between the Company and the Trustee and as further supplemented by the Tenth Supplemental Indenture dated as of February 28, 2012 between the Company and 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 1.250% Senior Notes due 2015, initially limited in aggregate principal
amount to $500,000,000. This Security is a global Security representing $             of the Securities. 
 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 30 nor more than 60 days’ prior notice, on any date prior to their maturity 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

  
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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 in compliance with the requirements of the principal U.S. national securities
exchange, if any, on which the Securities of this series are listed or, if they are not listed on a U.S. national securities exchange, 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 

  
 A-4

 
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. 

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. 

  
 A-5

 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. 
 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: February 28, 2012	  		 	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: February 28, 2012 

  
 A-8

 EXHIBIT B TO TENTH 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. 
 4.500% Senior Debenture due 2042 
  

					
	No.	 		  	$
			
		 		  	CUSIP: 92553P AL6

 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 February 27, 2042 at the office or agency of the Company referred
to below, and to pay interest thereon in arrears on August 27, 2012 and semiannually thereafter, on February 27 and August 27 in each year, from February 28, 2012, or from the most recent Interest Payment Date to which interest
has been paid or duly provided for, at the rate of 4.50% 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
February 12 or August 12, 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 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 by the
First Supplemental Indenture dated as of April 12, 2006 between the Company and the Trustee, as further supplemented by the Second 

  
 B-2

 
Supplemental Indenture dated as of June 16, 2006 between the Company and the Trustee, as further supplemented by the Third Supplemental Indenture dated as of December 13, 2006 between
the Company and the Trustee, as further supplemented by the Fourth Supplemental Indenture dated as of October 5, 2007 between the Company and the Trustee, as further supplemented by the Fifth Supplemental Indenture dated as of August 26,
2009 between the Company and the Trustee, as further supplemented by the Sixth Supplemental Indenture dated as of September 29, 2009 between the Company and the Trustee, as further supplemented by the Seventh Supplemental Indenture dated as of
February 22, 2011 between the Company and the Trustee, as further supplemented by the Eighth Supplemental Indenture dated as of March 31, 2011 between the Company and the Trustee, as further supplemented by the Ninth Supplemental Indenture
dated as of December 12, 2011 between the Company and the Trustee and as further supplemented by the Tenth Supplemental Indenture dated as of February 28, 2012 between the Company and 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 4.500% Senior Debentures due 2042, initially limited in aggregate principal
amount to $250,000,000. This Security is a global Security representing $             of the Securities. 
 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 30 nor more than 60 days’ prior notice, on any date prior to their maturity 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

  
 B-3

 
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 in compliance with the requirements of the principal U.S. national securities
exchange, if any, on which the Securities of this series are listed or, if they are not listed on a U.S. national securities exchange, 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 

  
 B-4

 
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. 

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. 

  
 B-5

 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. 
 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: February 28, 2012	 		 		 	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: February 28, 2012 

  
 B-8Letter Agreement

 Exhibit 10.24 

 
 February 13, 2012 

 
 PERSONAL & CONFIDENTIAL 

 
 Mr. E. Mitchell Norville 

71 Hundreds Road 
 Wellesley, MA 02481 
 Dear Mitch: 

 
 This letter (the “Agreement”) confirms the agreement that we
have reached regarding your separation from service from Boston Properties Limited Partnership and any of its affiliated and/or related entities (the “Company”) as its Executive Vice President and Chief Operating Officer. The
purpose of this Agreement is to provide for an orderly and amicable transition in connection with your separation from service that includes provisions for severance pay and benefits, non-competition, non-solicitation, confidentiality and a release
of claims as required by the Employment Agreement dated November 29, 2002, as amended, between you and Boston Properties, Inc. (the “Employment Agreement”). 

 
 Of course, regardless of whether you provide a release of claims as required
by the Employment Agreement, the Company will still pay you your base salary, pro-rated accrued target bonus and any accrued but unused vacation time through your Separation Date. Also, you will be granted (i) a cash bonus of $950,000 for 2011
which will be paid no later than March 15, 2012, (ii) an option to acquire 20,469 shares of common stock of Boston Properties, Inc.(“Stock”) with an exercise price equal to the fair market value of the Stock on the date of grant,
and (iii) a long term incentive award with a value of $1,321,500. Both the option grant and long term incentive award shall be subject to the terms and provisions of the award agreements. In addition, the Company will provide you with the right
to continue group medical insurance coverage under COBRA and your rights under other benefit and incentive plans and programs would be governed by the applicable plan terms and governing practices consistent with your status as a terminated employee
effective on your Separation Date. 
  
 With those understandings and
in exchange for the promises of you and the Company set forth below, you and the Company agree as follows: 
  

	1.	Separation from Service 

  

You hereby confirm that effective February 29, 2012 (the “Separation Date”), you will resign from your full-time employment and
resign with respect to any and all positions that you hold with the Company. Between now and the Separation Date, you will continue to work with Mort Zuckerman, Doug Linde and the other members of the Company’s senior management to ensure an
orderly transition of your duties, responsibilities and business relationships. 
  

	2.	Severance Benefits 

  

(a) Severance Pay. The Company will pay you severance pay in an amount equal to $1,450,000, which is the sum of your annual
base salary of $500,000 and $950,000, the amount of your cash bonus received in respect of 2011 (“Severance Amount”). The Severance Amount will be paid in equal installments in accordance with the Company’s payroll practice
over a 12-month period beginning with the first payroll date that occurs at least 30 days after the Separation Date. For purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), each installment
payment is a separate payment.  
  

(b) Pro-rated Bonus. You will be entitled to a pro-rated bonus in the amount equal to $83,333,33. This amount will be paid,
subject to appropriate withholdings, in a lump sum within 15 days of your Separation Date.  
  
 (c) Accelerated Vesting. On the Separation Date, you will become vested in the LTIP Units and option shares listed in Exhibit A attached hereto. You will also be permitted to retain
the pro-rated portion of your 2011 outperformance award. The pro-rated portion is determined to be 35.9489 percent, i.e., 394 divided by 1,096.  

 Mr. E. Mitchell Norville 
 February 13, 2012 
  Page
 2
 
  

 (d) Health Benefits. Your rights and obligations under COBRA will be explained in
a separate letter to you describing your medical insurance continuation rights under COBRA. To continue your medical insurance coverage after the Separation Date, you must elect COBRA continuation coverage. If you elect COBRA continuation coverage
and provided that you are not covered under another health plan, the Company shall continue to pay for medical insurance premiums for coverage of you and your beneficiaries to the same extent as if you had remained employed in the same
position you held as of the execution of this Agreement for 12 months following the Separation Date. Since such payment is taxable income to you, the Company will withhold additional taxes from the Severance Amount due to you. You will be
responsible for the remaining portion of such coverage as if you remained employed. You hereby authorize the deduction of the portion for which you are responsible from your Severance Amount. 
  
 (e) Outplacement. The Company agrees to pay $50,000 to New Directions or Essex Partners to provide you
with outplacement services. Such payment will be paid within 90 days of the Separation Date. 
  
 (f) References. Mr. Linde will provide a verbal reference on your behalf in response to calls that he receives from prospective employers or regarding consulting opportunities. 

 

	3.	Stock Transactions 

  

You will be subject to the Company’s insider trading policy and procedures until the beginning of the next open quarterly trading window following
the completion of your consulting services after which you will no longer be obligated to comply with the Company’s trading blackout restrictions regarding the purchase or sale of Company stock or the exercise of Company stock options, although
you will be subject to laws regarding insider trading, including, without limitation, any prohibitions arising from the possession of material, nonpublic information. 

 

	4.	Consulting Services 

  

You agree to provide consulting services for the Company for a period of two months after the Separation Date on an as-requested basis, provided that the
parties may mutually agree to extend the consulting period up until August 1, 2012. In consideration of your consulting services, the Company will provide you with a monthly fee of $20,000 per month (“Consulting Fees”). Such
Consulting Fees will be paid biweekly during the period you are providing consulting services. It is not expected that you will be asked to provide services for more than an average of one eight hour day per week and to the extent reasonable, the
Company will schedule such consulting services at mutually agreeable times and places. You will be permitted to pursue and accept new employment while you are providing consulting services provided that it does not breach your obligations under
Section 9. 
  

	5.	Tax Treatment 

  

The Company shall undertake to make deductions, withholdings and tax reports with respect to payments and benefits under this Agreement to the extent that
it reasonably and in good faith determines that it is required to make such deductions, withholdings and tax reports. The Company will use best efforts to promptly notify you of the basis for all such deductions, withholdings and/or tax reports (as
well as copies of any such reports or filings) and will make personnel from its finance department available to you or your advisors in the event you have any questions regarding the basis for any such deductions, withholdings and/or tax reports.
Payments under this Agreement, other than the Consulting Fees shall be in amounts net of any such deductions or withholdings. You shall be responsible for self-employment taxes and other tax payments with respect to the Consulting Fees. Nothing in
this Agreement shall be construed to require the Company to make any payments to compensate you for any adverse tax effect associated with any payments or benefits or for any deduction or withholding from any payment or benefit. 

 Mr. E. Mitchell Norville 
 February 13, 2012 
  Page
 3
 
  

	6.	Release of Claims 

  

	 	(a)	Release of Your Claims 

  

In consideration of, among other terms, the payments and benefits described in Section 2, the extent to which you acknowledge you would otherwise not
be entitled, you voluntarily release and forever discharge the Company, its affiliated and/or related entities, its and their respective predecessors, successors and assigns, its and their respective employee benefit plans and fiduciaries of such
plans, and the current and former officers, directors, shareholders (but solely in their capacity as shareholders), employees, attorneys, accountants and agents of each of the foregoing, and except as to shareholders, in their official and personal
capacities (collectively referred to as the “Releasees”) generally from all claims, demands, debts, damages and liabilities of every name and nature, known or unknown (“Claims”), that, as of the date when you sign
this Agreement, you have, ever had, now claim to have or ever claimed to have had against any or all of the Releasees. This release includes, without limitation, all Claims: 

 

	 	•	 	 relating to your employment by and separation from service with the Company; 

 

	 	•	 	 of wrongful discharge; 

  

	 	•	 	 of breach of contract; 

  

	 	•	 	 of retaliation or discrimination under federal, state or local law (including, without limitation, Claims of age discrimination or retaliation under
the Age Discrimination in Employment Act, Claims of disability discrimination or retaliation under the Americans with Disabilities Act, Claims of discrimination or retaliation under Title VII of the Civil Rights Act of 1964 and Claims of
discrimination or retaliation under Mass. Gen. Laws ch. 151B); 

  

	 	•	 	 under any other federal or state statute (including, but not limited to, the Employee Retirement Income Security Act of 1974, as amended);

  

	 	•	 	 of defamation or other torts; 

  

	 	•	 	 of violation of public policy; 

  

	 	•	 	 for wages, bonuses, incentive compensation, stock, stock options, vacation pay or any other compensation or benefits; and 

 

	 	•	 	 for damages or other remedies of any sort, including, without limitation, compensatory damages, punitive damages, injunctive relief and attorney’s
fees; 

  
 provided, however, that
this release shall not affect your rights as a terminated employee as of the Separation Date under the Company’s benefit and incentive plans and governing practices, including, but not limited to, your stock option, outperformance award,
restricted stock, LTIP Units, operating units, deferred compensation, employee stock purchase and 401K plans or programs, or your rights under this Agreement. This release will also not release the following claims: (a) any claim to enforce
this Agreement or for breach of this Agreement; (b) any claim for vested benefits pursuant to any Employee Retirement Income Security Act (ERISA) plan; (c) any counterclaim against any individual released in this Agreement (but not the
Company) who first files any claim against you; and (d) any claim for Workers’ Compensation benefits or COBRA benefits. 
  

You agree that you shall not seek or accept damages of any nature, other equitable or legal remedies for your own benefit, attorney’s fees or costs
from any of the Releasees with respect to any Claim released by this Agreement. As a material inducement to the Company to enter into this Agreement, you represent that you have not assigned to any third party and you have not filed with any agency
or court any Claim released by this Agreement. 

 Mr. E. Mitchell Norville 
 February 13, 2012 
  Page
 4
 
  

	 	(b)	Release of the Company’s Claims 

  

In consideration for, among other terms, your release of Claims pursuant to the preceding subsection, the Company voluntarily releases and forever
discharges you generally from all Claims that, as of the date when the Company signs this Agreement, the Company has, ever had, now claims to have or ever claimed to have had against you, including, without limitation, all Claims relating to your
employment by and separation from employment with the Company; provided that the Company does not release you from any civil Claim that is based on conduct that also satisfies the elements of a criminal offense (“Excepted
Claim”). The Company has no knowledge or reason to believe that the Company has any Excepted Claim against you. 
  

	7.	Return of Property 

  

You agree that on or before the Separation Date, you will return to the Company all Company property, including, without limitation, keys and access
cards, credit cards, files and any documents (including computerized data and any copies made of any computerized data or software) containing information concerning the Company or its finances, customers and business relationships (in the latter
two cases, actual or prospective). If you discover that you continue to retain any such property, you shall return it to the Company immediately. 
  

	8.	Confidential Information 

  

You understand and agree that you have been employed in a position of confidence and trust and have had access to information concerning the Company that
the Company treats as confidential and the disclosure of which could negatively affect the Company’s interests (“Confidential Information”). Confidential Information includes, without limitation, financial information, business
plans, prospects and opportunities which have been discussed or considered by management of the Company but does not include any information which has become part of the public domain (other than as a result of a disclosure by you in violation of
this Agreement or other obligation). You agree that you shall not use or disclose any Confidential Information at any time after the Separation Date without the written consent of the Company. 
  

	9.	Non-competition and Non-solicitation 

  

Because your services to the Company are special and because you have access to the Company’s confidential information, you covenant and agree that
until the end of a one-year period following the Separation Date, you shall not, without the prior written consent of the Company (authorized by approval of the Board of Directors of the Company, including the approval of a majority of the
independent Directors of the Company), directly or indirectly: 
  
 (a) engage, participate or assist in, either individually or as an owner, partner, employee, consultant, director, officer, trustee, or agent of any of any of the following businesses (or their
subsidiaries, affiliates, successors or assigns which engage directly or indirectly in the acquisition, development, construction, operation, management of leasing of any commercial real estate property): Alexandria Real Estate Equities, Inc.,
Brandywine Realty Trust, Corporate Office Properties Trust, Digital Realty Trust, Inc., Douglas Emmett, Inc., Duke Realty Corporation, Kilroy Realty Corporation, Liberty Property Trust, Mack-Cali Realty Corporation, SL Green Realty Corp., and
Vornado Realty Trust; 
  
 (b) intentionally interfere
with, disrupt or attempt to disrupt the relationship, contractual or otherwise, between the Company or its affiliates and any tenant, supplier, contractor, lender, employee, or governmental agency or authority; or 

 Mr. E. Mitchell Norville 
 February 13, 2012 
  Page
 5
 
  

 (c) call upon, compete for, solicit, divert, or take away, or attempt to divert or take
away any of the tenants or employees of the Company or its affiliates, either for yourself or for any other business, operation, corporation, partnership, association, agency, or other person or entity. 

 

	10.	Nondisparagement 

  

You agree not to make any disparaging statements concerning the Company or any of its affiliates, subsidiaries or current or former officers, directors,
shareholders, but only in their capacity as shareholders, or employees who you have knowledge of on the Separation Date. You further agree not to take any actions or conduct yourself in any way that would reasonably be expected to affect adversely
the reputation or goodwill of the Company and its current and former officers, directors, shareholders [but only in their capacity as shareholders], employees, attorneys, or accountants who you have knowledge of on the Separation Date. Nothing in
this paragraph, however, will prohibit you from competing with the companies and individuals referenced in this Section (except as specifically prohibited in Section 9) and you will be able to compare your services and products as well as those
of any future employer or of any entity to whom you provide consulting services, to that of the companies or individuals referenced in this Section. You further agree that you shall not voluntarily provide information to or otherwise cooperate with
any individual or entity that is contemplating or pursuing litigation against any of the Releasees or that is undertaking any investigation or review of any of the Releasees’ activities or practices; provided, however, that you may
participate in or otherwise assist in any investigation or inquiry conducted by the EEOC or the Massachusetts Commission Against Discrimination. These nondisparagement obligations shall not in any way affect your obligation to testify truthfully in
any legal proceeding. 
  
 The Company will instruct Mort Zuckerman,
Douglas T. Linde, Frank Burt and its Board of Directors not to take any action or make any statement, orally or in writing, which disparages or criticizes you or that would harm your reputation; provided, however, that neither the Company nor
the individuals referenced in this Section are prohibited from competing against you and they will be able to compare their services and products to those that you or any future employer or any entity to whom you provide consulting services may
offer. 
  

	11.	Information Concerning Actual, Potential or Alleged Financial Irregularities 

  
 You represent that you are not aware of any actual, potential or alleged financial irregularities concerning the Company that
have not otherwise been disclosed to and acted upon by the Company’s audit committee. 
  

	12.	Litigation and Regulatory Cooperation 

  

You acknowledge that you continue to be bound by the requirement to provide post-termination litigation and regulatory cooperation to the extent set forth
in Paragraph 18 of the Employment Agreement. 
  

	13.	Suspension, Termination, and Recoupment of Payments and Attorneys’ Fees 

  
 If you violate any of your obligations in any material respect under Sections 8, 9 or 10 of this Agreement as
reasonably determined by the Company in good faith, in addition to any other legal or equitable remedies it may have for such breach, the Company shall have the right to terminate or suspend its payments to you under Section 2 of this
Agreement; provided, however, that you shall have the right to collect any such payments if a court of competent jurisdiction finds that you did not violate your obligations hereunder with respect to the obligations specified in the notice from the
Company. To the extent that such payments have already been made, you will be obligated to return such payments to the Company upon demand to the extent necessary to compensate the Company for any damages found by a court of competent jurisdiction.
The termination, suspension or recoupment of such payments in the event of such breach by you will not affect your continuing 

 Mr. E. Mitchell Norville 
 February 13, 2012 
  Page
 6
 
  

 
obligations under this Agreement. Notwithstanding the foregoing, this provision shall not apply to the extent that your breach of this Agreement consists of initiating a legal action in which you
contend that the release set forth in Section 6 is invalid, in whole or in part, due to the provisions of 29 U.S.C. § 626(f). 
  

	14.	Legal Representation and Absence of Reliance 

  

This Agreement is a legally binding document, and your signature will commit you to its terms. You confirm that you have been advised to consult with an
attorney before signing this Agreement, and that an attorney has represented you in negotiating this Agreement. 
  
 You acknowledge that you have carefully read and fully understand all of the provisions of this Agreement and that you are voluntarily entering into this Agreement. You also acknowledge that in signing
this Agreement, you are not relying on any representations by any representative of the Company concerning the meaning of any aspect of this Agreement. 
  

	15.	Enforceability 

  

If any portion or provision of this Agreement (including, without limitation, any portion or provision of any section of this Agreement) shall to any
extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal or
unenforceable, shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. You understand that by entering into this Agreement, the Company is not admitting
that it violated any legal obligation that it owed to you. 
  

	16.	Waiver 

  

No waiver of any provision of this Agreement shall be effective unless made in writing and signed by the waiving party. The failure of any party to
require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach.

  

	17.	Entire Agreement 

  

This Agreement is the entire agreement between you and the Company with respect to your retirement from the Company and the items identified in the
introductory paragraph of this Agreement. All previous agreements or promises between you and the Company with respect to your retirement or other termination of employment are superseded, null and void except to the extent referenced in this
Agreement. This Agreement shall be binding upon each of the parties and upon their respective heirs, administrators, representatives, personal representatives, executors, successors and assigns and shall inure to the benefit of each party and to
their heirs, administrators, representatives, personal representatives, executors, successors and assigns. 
  

	18.	Indemnification 

  

To the full extent permitted by law and subject to the Company’s Certificate of Incorporation and Bylaws, the Company shall indemnify you with
respect to any actions commenced against you in your capacity as a director or officer or former director or officer of the Company, and the Company shall advance on a timely basis any expenses incurred in defending such actions. The Company agrees
to use its best efforts to secure and maintain directors’ and officers’ liability insurance with respect to you. 

 Mr. E. Mitchell Norville 
 February 13, 2012 
  Page
 7
 
  

	19.	Interpretation and Enforcement 

  

This Agreement shall be interpreted and enforced under the laws of the Commonwealth of Massachusetts, without regard to conflict of law principles. In the
event of any dispute, this Agreement shall be construed as a whole, shall be interpreted in accordance with its fair meaning and shall not be construed strictly for or against either you or the Company. In the event that any provision or portion of
a provision of this Agreement shall be determined to be unenforceable, the remainder of this Agreement shall be enforced to the fullest extent possible as if such provision or portion of a provision were not included. This Agreement may be modified
only by a written agreement signed by you and an authorized representative of the Company. 
  

	20.	Section 409A 

  

To the extent any payment or benefit that you are entitled to receive under this Agreement would be considered deferred compensation within the meaning of
Section 409A of the Code, such payment shall not be payable, and such benefit shall not be provided, until the date that is the earlier of (a) six months and a day from your separation from service or (b) your death. The Company
acknowledges that your separation from service will occur on the Separation Date. 
  

	21.	Time for Consideration and Effective Date 

  

You have the opportunity to consider this Agreement for 21 days before signing it. To accept this Agreement, you must return a signed original of
this Agreement so that it is received by the undersigned at or before the expiration of this 21-day period. If you sign this Agreement within less than 21 days of the date of its delivery to you, you acknowledge by signing this Agreement that such
decision was entirely voluntary and that you had the opportunity to consider this Agreement for the entire 21-day period. For the period of seven days from the date when this Agreement becomes fully executed, you have the right to revoke this
Agreement by written notice to the undersigned. For such a revocation to be effective, it must be delivered so that it is received by the undersigned at or before the expiration of the seven-day revocation period. This Agreement shall not become
effective or enforceable during the revocation period. This Agreement shall become effective on the first business day following the expiration of the revocation period. 

 Mr. E. Mitchell Norville 
 February 13, 2012 
  Page
 8
 
  

 If you agree to these terms, please sign and date below and return this Agreement to me within the time
limitation set forth above. 
  

			
	 Sincerely,

	
	 BOSTON PROPERTIES LIMITED PARTNERSHIP

		
	 By:
  
	 	 BOSTON PROPERTIES, INC.,
 its sole general partner

		
	 By:
	 	/s/ Douglas T. Linde
		 	 Douglas T. Linde, President

	
	 BOSTON PROPERTIES, INC.

		
	 By:
	 	/s/ Douglas T. Linde
		 	 Douglas T. Linde, President

  
 Accepted and agreed to: 

 

									
	(Sign) 	 	 /s/ E. Mitchell Norville
	 		 	Date: 	 	February 13, 2012
		 	E. Mitchell Norville	 		 		 	

 EXHIBIT A 

 
 Additional Vesting 

 

			
	 Award
	  	 Additional Vesting

	 2009 LTIP Award
	  	10,417 units
		
	 2010 LTIP Award
	  	6,359 units
		
	 2011 LTIP Award
	  	3,564 units
		
	 2012 LTIP Award
	  	3,162 units
		
	 2011 Option Grant
	  	4,464 option shares
		
	 2012 Option Grant
	  	5,117 option shares

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00200-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00200-of-00352.parquet"}]]