Document:

EX-10.106

 Exhibit 10.106 
 MASTER LETTER OF CREDIT AGREEMENT 
 Master Letter of Credit Agreement
between TD Bank, NA (the “Bank”) and Smith & Wesson Holding Corporation and Smith & Wesson Corp. (collectively, the “Customer”). 
 In consideration of issuance by Bank, or a correspondent bank if Bank so requests, from time to time, upon Customer’s application and at Bank’s option, of one or more standby or commercial
letters of credit (all the provisions of this Agreement, except as specifically noted otherwise, apply to both standby and commercial letters of credit, and both such types of letters of credit are hereinafter referred to as a “Credit”)
the undersigned Customer, intending to be legally bound hereby, agrees with Bank that the following terms and conditions shall apply to each Credit issued by Bank for Customer’s account: 

1. Applications for the Issuance of Credit: Customer shall request the issuance of any Credit pursuant to this
Agreement by completing Bank’s then current application form or by any other means permitted by Bank’s then current application procedures (hereinafter, each such request shall be referred to as an “Application”). Each
Application shall constitute a certification by Customer that any representation, warranty or commitment made by Customer in this Agreement is true and correct as of the date of such Application. Upon Bank’s receipt of an Application, Bank may
elect but shall not be required to issue a Credit in response thereto. Amendments to any Application and requests to amend any Credit issued by Bank shall be in accordance with Bank procedures governing such amendments. Upon Bank’s receipt of a
request for amendment of a Credit, Bank may elect, but shall not be required, to so amend such Credit. Customer expressly acknowledges and agrees that in order to make Applications or request amendments by certain means permitted by Bank’s
procedures (including, but not limited to, electronic transmissions), Customer shall be required to execute one or more additional agreements governing Customer’s mutual rights and duties with respect thereto. From time to time, Bank may
request a correspondent bank to issue the Credit. 
 2. Customer’s Payment Obligations: 

(a) Customer agrees to pay Bank UPON DEMAND and in same-day funds at Bank’s (or such other place as Bank shall designate):

 (i) as to any drafts or claims payable in United States currency drawn under or made in connection with any Credit,
all amounts paid or payable by Bank under or pursuant to such Credit; 
 (ii) as to any drafts or claims payable in
currency other than United States currency drawn under or made in connection with any Credit, the equivalent in United States currency of the amount paid or payable by Bank at Bank’s then-applicable selling rate of exchange for such foreign
currency, for cable transfers to the place of payment of the foreign currency, together with interest thereon from the date of Bank’s payment or, if Bank elects, the actual cost to Bank (after exchange commissions) of settlement of Bank’s
obligation to the drawer of the draft of claimant of funds under the Credit; 
 (iii) a fee or commission for each Credit
issued by Bank at such rate as Bank determines to be proper in connection with any Credit; 
 (iv) all costs and expenses
incurred by Bank or any correspondent bank in connection with the Credit or this Agreement, including reasonable attorney and paralegal fees, disbursements and other legal expenses including, without limitation, such fees and expenses arising in any
bankruptcy proceedings, (collectively “Legal Expenses”) and charges of other banks; 
 (v) such amounts as may
be necessary to compensate Bank for any increased cost attributable to a Credit resulting from any law or regulation, any change in any law or regulation, or any interpretation thereof by any court or administrative or governmental authority charged
or claiming to be charged with the administration thereof, or any change in generally accepted accounting principles applicable to Bank, which shall (i) impose, modify or make applicable any reserve, special deposit or similar requirement against
any Credits issued by Bank or with respect to this Agreement, the Credit or any related document or any transactions hereunder or thereunder, or (ii) impose on Bank any other condition regarding this Agreement, the Credit or any related document, or
(iii) subject Bank to any tax, similar measure, shall be to increase the cost to Bank of issuing or maintaining any Credit or reduce the amount of principal of, interest on, or any fee or compensation receivable by Bank in respect of any Credit or
this Agreement; 

 (vi) a fee which will adequately compensate Bank, in Bank’s reasonable judgment,
for any adverse impact on Bank due to any change in applicable law or regulations, or any interpretation thereof by any court or administrative or governmental authority charged or claiming to be charged with the administration thereof, or any
change in generally accepted accounting principles applicable to Bank, which do not increase any cost to Bank or decrease any fee or compensation to Bank. For the purpose of Section 2(a)(v) and (vi) of this Agreement, Bank’s determination of
such increased cost and the allocable share attributable to each Credit shall be deemed correct in the absence of manifest error, and any other reference to Bank shall be deemed to include any person to whom Bank has sold a participation in any
Credit under this Agreement. 
 (vii) any amounts arising and owing from Customer or for which Customer is liable,
arising under any agreements, relating to any such Credit or any application. 
 (b) All payments to which Bank is
entitled pursuant to this Section 2 shall be made by Customer in United States currency, unless Customer obtains Bank’s prior consent to receive payments in another currency. In the event Bank so consents, Customer agrees to pay Bank, in
accordance with Bank’s then-current exchange rates, plus Bank’s applicable exchange commissions. 
 (c) All
payments to which Bank is entitled pursuant to this Section 2 shall be made to Bank free and clear of and without deduction for any present and future taxes, exchange regulation charges or other levies, deductions or withholdings of any kind and all
liabilities with respect thereto. 
 (d) If Bank so elects, Customer authorizes Bank to charge any of Customer’s
accounts with Bank at any of Bank’s branches for all monies paid or owed by Customer to Bank in connection with any Credit. Alternatively, Customer expressly authorizes Bank to obtain, on Customer’s behalf, payment from any of Bank’s
affiliates where Customer maintains any account or accounts. 
 (e) If any amounts payable to Bank pursuant to this
Section 2 are not paid when due, such amounts shall thereafter bear interest at the default rate of four percent (4%) greater than the floating rate of Zero Percent (0%) above Wall Street Journal Prime Rate, or if such Wall Street Journal
Prime Rate shall cease to be published, a comparable rate established by Bank in its reasonable discretion. Interest shall be calculated thereon for the actual number of days that principal is outstanding based on a year of 360 days. If such
increased rate’ of interest may not be collected under applicable law due to amount limitations then at the maximum rate of interest, if any, which may be collected under applicable law. Customer expressly acknowledges and agrees that Bank
shall have the unrestricted right to demand payment reasonably in advance of the presentation of any sight drafts or payment demands or the maturity of any time drafts and that, for all purposes of this Agreement, the date of Bank’s demand
shall be the date upon which payment is due Bank. 
 (f) The drawn amount (to the extent unreimbursed to Bank) and the
undrawn amount of all Credits shall constitute outstanding advances by Bank for purposes of calculating credit availability under any line of credit or revolving credit facility made available by Bank to Customer. 

(g) Customer agrees to indemnify, defend and hold harmless Bank and Bank’s correspondents from any loss, cost (including, but
not limited to Legal Expenses), or damage arising in connection with any request for issuance of, payment under, or otherwise related to a Credit not involving Bank’s gross negligence or willful misconduct, including but not limited to (i) any
failure of the Customer to comply with the terms of this Agreement, (ii) obligations and responsibilities imposed by foreign laws or customs for which the Customer is liable to indemnify the Bank under the UCP, or (iii) Bank’s dishonor of a
draft or demand at the Customer’s request or pursuant to an injunction. For purposes of the indemnification obligations provided for in this Section (2)(g), “Bank” shall include Bank’s officers, directors, employees agents and
affiliates. Bank shall have the right to select counsel employed by Customer in any defense initiated pursuant to this Section (2)(g). 

  
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 3. Customer Examination of Credits, Instruments and Documents;
Discrepancies: 
 (a) As to any Credit to be issued by Bank, Customer will promptly examine a copy of the Credit
(and any amendments thereof) sent to Customer by Bank and all instruments and documents (or copies thereof) delivered to Customer from time to time by Bank, as Customer will, within one (1) business day of Customer’s receipt thereof, notify
Bank by telecommunication or other expeditious means of communications of any discrepancy, irregularity or claim of non-compliance with Customer instructions as set forth in the appropriate Application. Customer will be conclusively deemed to have
waived any such claim against Bank and any correspondent bank in connection with any Credit unless Customer notifies Bank in accordance with the preceding sentence. As used in this Agreement, the term “business day” shall mean any day upon
which Bank is open for the conduct of substantially all of Bank’s banking functions. 
 (b) In the event Bank
notifies Customer of any discrepancy between any instruments or documents presented under any Credit and the requirements of such Credit, Customer will, within one (1)business day of Customer’s receipt of such notice (or such shorter interval
as circumstances may require and Bank shall advise Customer), notify Bank by telecommunication or other expeditious means of communication as to Customer’s acceptance or non-acceptance thereof. Customer will be conclusively deemed to have
waived any claim of improper honor or dishonor of any Credit, unless Customer notifies Bank in accordance with the preceding sentence. 
 4. Commercial Credits: 
 The provisions of this Section 4 apply only to
commercial Credits: 
 (a) Customer will keep all property shipped in connection with any commercial Credit insured in
amounts, against risks and with insurers satisfactory to Bank, assign the policies or certificates to Bank or make loss payable to Bank, at Bank’s option, and furnish Bank on request with evidence of compliance with the foregoing. If Bank at
any time and in connection with any commercial Credit, deems such insurance inadequate, Bank may procure additional insurance at Customer’s expense. 
 (b) Customer will procure all licenses and comply with all formalities necessary for the import, export and shipping of any property in connection with any commercial Credit and shall comply with
all applicable domestic and foreign laws, orders and regulations (including those relating to exchange); upon Bank’s request Customer shall promptly furnish Bank with certificates evidencing such compliance. Customer hereby certifies and
warrants to Bank that transactions with respect to any property shipped in connection with any commercial Credit are not prohibited under any United States law, order or regulation and that any shipment covered by any Credit or any documents
required thereunder shall fully conform to all existing United States laws, orders and regulations. 
 (c) If Bank, at
its discretion, delivers to Customer all or part of the goods or documents referred to in or shipped in connection with any commercial Credit before full payment of all Obligations (as defined in Section 6 hereof) secured thereby, Customer will
execute and deliver such security agreements and financing statements, and will carry and furnish evidence of such assurance, as Bank may request, and Customer will pay all required filing fees. Bank’s rights specified herein shall be in
addition to Bank’s rights under any applicable law or other agreement. 
 (d) If Bank agrees to issue any commercial
Credit permitting the direct consignment of goods to Customer or Customer’s agents, Customer agrees to hold any goods so received in trust for Bank readily identifiable and stored separately and intact under separate accounting as Bank’s
property and to execute and deliver such security agreements as Bank deems appropriate until Customer has: (i) accepted or rejected the related documents; and (ii) made full payment of all indebtedness arising under such Credit. 

  
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 (e) If Bank, in Bank’s discretion, and at the Customer’s request, delivers
to Customer all or any part of the documents referred to in or goods shipped in connection with any commercial Credit prior to Bank’s acceptance or payment of the related draft or drafts, or, in the case of any undertaking by Bank to expedite
the delivery of goods prior to the arrival of the pertinent documents, Customer is authorizing Bank to accept and pay such draft(s) notwithstanding any discrepancies that may arise in relation thereto. 

(f) Except as written instructions expressly to the contrary have been received by Bank from Customer in any Application or prior
to the issuing of any commercial Credit and incorporated in such commercial Credit, Customer agrees that (i) drafts under any commercial Credit may, at drawer’s option, be drawn “without recourse”, (ii) commercial Credit advice may,
at Bank’s option, be sent either to the commercial Credit beneficiary or to a correspondent bank and commercial Credits may be designated as freely negotiable with the correspondent named; (iii) part shipments may be made under any commercial
Credit and Bank or correspondent bank may honor the related draft or payment demand without inquiry, regardless of any apparent disproportion between the quantity shipped and the amount of the related draft or payment demand, and the total amount of
the commercial Credit and total quantity to be shipped under the commercial Credit; (iv) Bank may accept or pay, as complying with the terms of, any commercial Credit, any drafts or other documents otherwise in order which may be signed or issued by
the administrator, executor, trustee in bankruptcy, debtor in possession, assignee for benefit of creditors, liquidator, receiver, successor, legal representatives or other party succeeding de facto or de jure to the powers, rights or privileges of
the party who is authorized under the commercial Credit to draw or issue any drafts or other documents, and (v) Bank and any of Bank’s correspondents may (A) receive, and accept as a “bill of lading” or “airbill” under any
commercial Credit any document issued or purporting to be issued by or on behalf of any carrier which acknowledges receipt of property for transportation, whatever the specific provisions of such document, (B) without limiting any other provisions
of this Agreement, accept documents of any character which comply with the provisions, definitions, interpretations and practices contained in the International Chamber of Commerce Uniform Customs and Practice for Documentary Credits No. 600
(effective July 1, 2007) and subsequent revisions thereof which shall supersede inconsistent provisions of applicable law to the extent not prohibited by applicable law, and (C) accept or pay any draft or payment demand dated on or before the
expiration of any time limit expressed in any commercial Credit, regardless of when drawn and when or whether negotiated, provided the other required documents are dated prior to the expiration date of the commercial Credit. 

5. Responsibilities and Limitations Thereon: 

(a) Bank or its correspondent bank shall honor drafts which comply with the terms and conditions of the Credit and shall not be
required to consult with Customer prior to doing so. Bank or correspondent bank, in its sole discretion, shall determine whether the beneficiary’s presentation appears on its face to conform with the terms and conditions of the Credit.

 (b) Customer agrees that neither Bank nor any correspondent bank shall be responsible for, and Customer’s
obligation to pay or reimburse Bank shall not be affected by (i) acts or omissions of any other person, including, without limitation, any beneficiary or assignee of any Credit, and any correspondent bank, agent or sub-agent; (ii) the existence,
character, nature, quality, quantity, condition, packing, value or delivery of goods purporting to be represented by documents, or any difference of goods from that expressed in documents; (iii) the validity, sufficiency, genuineness or
collectability of documents (including insurance) or instruments, or of any endorsements thereon; (iv) any irregularity in connection with shipment including, without limitation, any default or fraud by the shipper or others, the time, place, manner
or order of shipment, non-shipment of goods or partial or incomplete shipments, failure to arrive or delay in arrival of goods or documents, or failure to give notice of shipment or arrival of goods or documents; (v) breach of contract or fraud
between Customer and any Credit beneficiary or any other party or the use which may be made of any Credit or funds obtained thereunder by any Credit beneficiary or other party; (vi) consequences of compliance with laws, orders, regulations or
customs in effect in places of negotiation or payment of any Credit; (vii) failure of drafts or other payment demands to bear reference or adequate reference to any Credit, failure of documents to accompany drafts at negotiation, failure of
negotiating banks to comply with Bank’s directions, or failure of any party to surrender or take up any Credit, or failure of any party to note the amount of any draft or payment demand on the reverse side of any Credit, or forward documents
apart from drafts as required by the terms of any Credit (each of which requirements Bank may waive even if included in any Credit); (viii) errors, omissions, interruptions or delays in transmission or delivery of any messages, however sent and
whether plain or in code or cipher, or errors in translation or interpretation of technical or other terms; or (ix) without limiting the foregoing, any act or omission of Bank not done or omitted in bad faith. 

  
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 (c) Bank shall have no duty to inquire into: (I) the existence of any disputes or
controversies between Customer and the beneficiary of any Credit or any other person, or (ii) the truth, accuracy or occurrence of any fact or event referred to in any certificate or other document presented under or in connection with any Credit.
Bank’s sole obligation shall be limited to honoring requests for payment made under and in compliance with any Credit notwithstanding: (A) any assistance which Bank may have rendered in connection with the preparation of the wording of the
Credit or any certificate or other documents required to be presented thereunder, or (B) any awareness or knowledge which Bank may have concerning any transaction giving rise to any Credit. 

(d) If Customer requests the inclusion in any Credit of any provision for credit advances to the beneficiary, Bank may make in
such Credit any provision in that respect which Bank deems appropriate, under which any bank entitled to negotiate drafts under the Credit, acting in its discretion in each instance and upon written request from the beneficiary, may make any one or
more clean advances at any time on or prior to the date by which drafts and documents are to be negotiated under the Credit. The aggregate of such advances shall in no event be more than the amount specified in the related Application, and in no
event shall any such advance exceed the amount remaining available under the Credit at the time of advance If the beneficiary fails to repay the advancing bank for any such advance, Customer shall on demand pay Bank the amount thereof as if such
advance were evidenced by a draft or drafts under the Credit, together with interest on each such amount for the period that the same shall have been outstanding at the rate required by the advancing bank, unless limited by the Credit, otherwise at
the rate referenced in Section 2 of this Agreement. It is understood that neither Bank nor any bank which makes any such advance shall be obligated to inquire into the use that may be made thereof by the beneficiary and that Bank and each such bank
shall be without liability for any wrongful use that may be made by the beneficiary of any funds so advanced. 
 6.
Security, Default: 
 (a) Customer hereby grants Bank a continuing security interest in and recognizes
and admits Bank’s unqualified right to the possession and disposition of any and all property shipped under or pursuant to or in connection with any Commercial Credit or in any way relative thereto, and in and to all shipping documents,
warehouse receipts, policies or certificates of insurance and other documents or instruments accompanying or relative to drafts and in and to the proceeds to each and all of the foregoing, all to be held by Bank subject to the terms of this
Agreement as collateral security for the prompt and unconditional payment of any and every obligation and liability of Customer to Bank and Bank’s claims of every nature and description against Customer, whether or not represented by negotiable
instruments or other writings, whether now existing or hereafter incurred, originally contracted with Bank and/or with another or others and now or hereafter owing to or acquired in any manner by Bank, whether contracted by Customer alone or jointly
or severally with another or others, direct or indirect, absolute or contingent, secured or not secured, matured or unmatured including, without limitation, all amounts owing to Bank from Customer under this Agreement (all of the foregoing are
hereinafter called “Obligations”). 
 (b) In order to further secure the payment of such Obligations, Bank is
hereby also granted a continuing security interest for the amount of all Obligations upon any and all property in which Customer has an interest, now or hereafter in Bank’s actual or constructive possession, or now or hereafter in transit to
Bank or Bank’s correspondents or agents from or for Customer, whether for safekeeping, custody, pledge, transmission, collection or otherwise, including without limitation, investment property, and in all of Customer’s now existing or
hereafter arising deposit accounts with Bank or Bank’s affiliates and credits with, and Customer’s claims against Bank at any time. In addition to all other rights and remedies, Bank shall have the rights of a secured party under the UCC.
Failure of Bank to take necessary steps to preserve rights against any parties with respect to any property in Bank’s possession shall not be deemed a failure to exercise reasonable care. 

  
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 (c) The property referred to in subsections (a), (b) and (c) of this Section 6, and
any other property in which Bank may now or hereafter be granted a security interest or which may be deposited with Bank or Bank’s agents to secure Obligations, are hereinafter collectively called “Collateral”. Without notice to or
further assent by Customer, the liability of any party for or upon Obligations or Collateral may from time to time, in whole or in part, be renewed, extended, modified, compromised or settled for cash, credit or otherwise by Bank, upon any terms and
conditions Bank may deem advisable, and Bank may discharge or release said other person(s) from such liabilities and/or exchange, sell or surrender any of the Collateral from time to time. Bank shall not be liable for any failure to collect or
demand payment of or to protest or give any notice of non-payment respecting the Collateral or any part thereof, or for any delay in so doing. Bank shall not be required to keep the Collateral identifiable or otherwise to take any action with
respect thereto. Without notice Bank may exercise any of Customer’s rights with respect to Collateral and may, at any time or times, before or after maturity of any Obligations, transfer into the name of Bank or Bank’s nominee all or any
part of the Collateral. Bank may endorse Customer’s name or names on all notes, checks, drafts, bills of exchange, money orders or commercial paper included in Collateral or representing the proceeds thereof. 

(d) If Customer shall fail to perform any agreement herein contained or contained in any security agreement or other agreement or
application for issuance of a Credit delivered by Customer to Bank, or if Customer defaults in the punctual payment of any sum payable upon Obligations or Collateral, or upon the happening with respect to Customer of any of the following: the
commencement of any proceeding suit or action for reorganization, dissolution or liquidation; suspension or liquidation of Customer’s usual business; insolvency; the filing of a petition under any of the provisions of the Bankruptcy Act or
amendments thereto; dissolution or death; application for, or appointment of, a conservator, rehabilitator or receiver for any of Customer or Customer’s property in any jurisdiction; issuance of any injunction or an order of attachment; the
calling of a meeting of creditors; appointment of a committee of creditors or liquidating agent; offering a composition or extension to creditors; assignment for benefit of creditors; making or sending notice of an intended bulk transfer; failure,
after demand, to furnish any financial information or to permit the inspection of books or records of account; the making of any misrepresentation to Bank for the purpose of obtaining credit or an extension of credit; or if the condition or affairs
of Customer shall so change, as, in Bank’s opinion, shall impair Bank’s security interest or increase Bank’s credit risk, or if Bank otherwise deems itself insecure – then in any of those events all of the said Obligations,
although not yet due, shall, without notice or demand, forthwith become and be immediately due and payable at Bank’s option, notwithstanding any time, credit or grace period otherwise allowed under any of said Obligations or under any
instrument evidencing the same. 
 (e) Upon the happening of any of the events set forth in subsection (d) hereof and at
any time thereafter, Bank shall have, in addition to all other rights and remedies, the remedies of a secured party under the Uniform Commercial Code then in effect in the State of Massachusetts. Upon Bank’s request, Customer shall
assemble the Collateral and make the same available to Bank at a place to be designated by Bank which is reasonably convenient to Bank and Customer. Bank will give Customer at least five (5) days’ notice of the time and place of any public sale
of any of the Collateral, or of the time after which any private sale or any other intended disposition thereof is to be made. No such notice need to be given with respect to Collateral which is perishable or threatens to decline speedily in value
or is a type customarily sold on a recognized market. Any sale or other disposition of Collateral permitted hereunder may be made without any warranties by Bank, may be made by an auctioneer or by any other means (at Bank’s discretion), may be
made without any registration of securities, and all such sales or dispositions will be deemed to be commercially reasonable. Bank may apply the net proceeds of any sale, lease or other disposition of Collateral, after deducting all costs and
expenses of every kind incurred therein or incidental to the retaking, holding, preparing for sale, selling, leasing or the like of the Collateral or in any way relating to Customer’s rights thereunder (including Legal Expenses) to the payment,
in whole or in part, in such order as Bank. may elect, of one or more of said Obligations, whether due or not due, absolute or contingent, making proper rebate for interest or discount on items not then due, and only after so applying such proceeds
and after the payment by Bank of any other amounts required by any existing or future provision of law (including Section 9-504(1)(c) of the Uniform Commercial Code of any jurisdiction in which any of the Collateral may at the time be located) need
Bank account for the surplus, if any. Customer shall remain liable to Bank for the payment of any deficiency, with interest. 

  
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 (f) Customer authorizes Bank to file financing statements at any time with respect to
any Collateral. At any time on Bank’s request, Customer will sign financing statements, security agreements or other agreements with respect to any Collateral, or upon Customer’s failure to do so Customer hereby irrevocably appoints Bank
(and its duly authorized officers) as its true and lawful agent and attorney-in­ fact to execute the aforesaid documents on its behalf or to take any action desirable to Bank, in its discretion, to effect, protect, perfect, or preserve
Bank’s lien or mortgage interest on the Collateral and any liquidation thereof provided for herein, and any expense borne by the Bank in exercising such power of attorney shall be due on demand from Customer and secured by the Collateral.
Bank’s address for purposes of demanding termination of security interests created hereby shall be: 
 TD Bank, NA

 ATTN: Collateral Department 
 2059 Springdale Road 
 Cherry Hill, New Jersey 08003. 

Customer agrees to pay all filing fees and reimburse Bank for all costs and expenses of any kind incurred in any way in connection with the Collateral.

 (g) Bank may assign or transfer all or any part of said Obligations and may transfer, as security therefore, all or
any part of the Collateral and thereafter Bank shall be fully discharged from all liability and responsibility with respect to the Collateral so transferred and the transferee shall be vested with all of Bank’s powers and rights hereunder with
respect to such Collateral, but with respect to any Collateral not so transferred, Bank shall retain all rights and powers hereby given. 
 7. Miscellaneous: 
 (a) Customer shall furnish Bank
with a list of persons authorized to act for Customer in connection with this Agreement, any Application or any Credit issued by Bank. Bank shall be authorized and entitled to rely upon any written or electronically-transmitted Application or other
communication or any message received or purporting to be received from one of such persons or any other person reasonably believed by Bank to be duly authorized to act for Customer hereunder. 

(b) Customer will not assign any of Customer’s rights and obligations hereunder unless Bank’s prior consent is obtained.
Customer acknowledges and agrees that Bank may freely assign or delegate any of Bank’s rights and duties hereunder or in connection with any Credit issued by Bank to any entity which: (i) is controlled by Bank; or (ii) under common control with
Bank; or (iii) controls Bank. 
 (c) Customer further covenants and agrees that none of the transactions contemplated by
this Agreement are intended to and shall not constitute a “deposit” within the meaning of 12 U.S.C sS 1813(1) and in the event of Bank’s failure to fulfill Bank’s obligations in whole or in part, with respect to a draw on any
Credit, neither Customer nor Customer’s successors or assigns will make any claim against the Federal Deposit Insurance Corporation with respect thereto. 
 (d) This Agreement shall continue in full force and effect as to all Credits which Bank may issue for Customer’s account or on Customer’s behalf. This Agreement is not a commitment to
issue or amend any one or more Credits, and notwithstanding anything to the contrary herein, Bank shall be entitled to refuse to issue or amend any Credits without cause and in Bank’s complete discretion. 

(e) Bank may request another bank to issue the Credit on Customer’s behalf. Such arrangement shall be deemed independent of
the underlying transaction for which the Credit is obtained. Customer acknowledges and agrees that such a Credit may be subject to foreign laws, customs and regulations which may be in force in any place of negotiation or payment thereof and
Customer agrees that Customer’s obligations to Bank under this Agreement shall not be excused or modified as a result of any such laws, customs or regulations or the effect of such laws, customs or regulations on such Credit. 

  
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 (f) If any provision of these terms and conditions is, or becomes, prohibited or
unenforceable in any jurisdiction, such prohibition or unenforceability shall not invalidate, affect or impair any of the remaining provisions hereof or render unenforceable the provision in any other jurisdiction. 

(g) No delay on Bank’s part or on the part of any assignee in exercising any power or right hereunder shall operate as a
waiver of any power or right, nor shall any single or partial exercise of any power or right hereunder preclude other or further exercise thereof or the exercise of any other power or right. The rights and remedies herein expressly specified are
cumulative and not exclusive of any other rights or remedies which Bank or Bank’s assigns may otherwise have or would have under applicable law. 
 (h) The word “Customer” is used herein for convenience of reference only and shall be deemed to refer to the undersigned and to each of them if more than one, regardless of number, each
of which shall be jointly and severally liable hereunder and all provisions hereof regarding Customer’s liabilities or property and security shall apply to any liability or any security or property of Customer. If this Agreement is signed by a
partnership, the members thereof shall be individually bound and liable hereunder. 
 (i) The word “Bank” is intended
to mean TD Bank, N.A. and/or any of its affiliates as circumstances warrant their participation in a transaction contemplated by this Agreement. “Affiliates” shall be deemed to mean any entities owned by Bank or under common ownership with
Bank. 
 (j) Except and to the extent inconsistent with the specific provisions of this Agreement each Credit hereunder
and all transactions in connection therewith shall be interpreted, construed and enforced according to: (i) the International Chamber of Commerce Uniform Customs and Practice for Documentary Credits No. 600 (effective July 1, 2007) or the
International Standby Practices of the International Chamber of Commerce (ISP 98) Publication No. 590 and subsequent revisions thereof which shall supersede inconsistent provisions of applicable law to the extent not prohibited by applicable law, as
applicable to each Credit; and (ii) the laws of the State of Massachusetts, including, without limitation, the Uniform Commercial Code. Customer irrevocably submits in any legal proceeding relating to this Agreement or any Application or any
Credit issued hereunder to the non-exclusive in personam jurisdiction of any court sitting in the State of Massachusetts and agrees to suit being brought in any such court and waives any objection to the venue of any proceeding in any
such court. Customer further consents to being joined in any legal proceeding brought against Bank concerning any Credit issued for Customer’s account and accept the jurisdiction and venue of any court where such proceeding is instituted.
Whenever there shall be a conflict between the regulations of the International Chamber of Commerce regulations and the laws of the State of Massachusetts the International Chamber of Commerce regulations shall prevail. 

(k) Bank and Customer agree that neither of them nor any permitted assignee or successor shall (i) seek a jury trial in any
lawsuit, proceeding, counterclaim or action arising under or relating to this Agreement, any Credit, Application or any related instruments, or the dealings or the relationship between or among any of them, or (ii) seek to consolidate any such
action with any other action in which a jury trial cannot be or has not been waived. Customer has had an opportunity to discuss the provisions of this paragraph fully with counsel of Customer’s choosing, and these provisions shall be subject to
no exceptions. Neither the Bank nor the Customer has agreed with or represented to the other that the provisions of this paragraph will not be fully enforced in all instances. 
 (l) The Customer hereby (0 acknowledges that any transaction contemplated by this Agreement is a commercial transaction and (ii) waives all rights to a judicial hearing of any kind prior to the
exercise by the Bank of its rights to possession of the Collateral without judicial process or of its rights to replevy, attach or levy upon the Collateral without prior notice or hearing. Customer acknowledges that it has been advised by counsel of
its choice with respect to the provisions of this Section 7 and of this Agreement generally. 

  
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 IN WITNESS WHEREOF, the parties have executed this Agreement this 15th day of August, 2013.

  

							
	TD BANK, N.A.	 	 BORROWER: Smith & Wesson Holding
 Corporation

				
	By:	 	/s/ Maria Goncalves	 	By:	 	/s/ Jeffrey D. Buchanan
		 	    Maria Goncalves	 		 	        Jeffrey D. Buchanan
	Its:	 	    Duly Authorized Representative	 	Its:	 	        EVP, CFO and Treasurer
			
		 		 	
Address:                2100
Roosevelt Avenue
 Springfield, Massachusetts
 01102

			
		 		 	TIN #87-0543688
			
		 		 	BORROWER: Smith & Wesson Corp.
				
		 		 	By:	 	 /s/ Jeffrey D. Buchanan

		 		 		 	        Jeffrey D. Buchanan
		 		 	Its:	 	        EVP, CFO and Treasurer
			
		 		 	
Address:                2100
Roosevelt Avenue
 Springfield, Massachusetts
 01102

			
		 		 	TIN #13-3386737

  
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 TD BANK, N.A. 
 1441 Main Street 
 Springfield, MA 01103 

August 15, 2013 
 Smith &
Wesson Holding Corporation 
 and its Subsidiaries 
 2100 Roosevelt Avenue 
 Springfield, MA 01102 

 

	 	Re:	Master Letter of Credit Agreement 

 Ladies and
Gentlemen: 
 Reference is made to that certain Master Letter of Credit Agreement of even date herewith between TD Bank, N.A.
(the “Bank”) and you on behalf of your subsidiaries (the “Customer”) (as the same may be amended, modified or supplemented from time to time, the “Letter of Credit Agreement”). 

Reference is further made to that to that certain Credit Agreement of even date herewith among the Customer and its subsidiaries, TD
Bank, N.A., as Administrative Agent, and the Lenders from time to time party thereto (the “Loan Agreement”). 
 This
letter agreement modifies and amends the Letter of Credit Agreement and terms defined therein shall have the same meanings herein. 
 In consideration of various financial accommodations made available by the Bank to the Customer and its Subsidiaries, the parties hereto agree as follows: 

1. Notwithstanding anything to the Section 2(a)(iii) of the Letter of Credit Agreement to the contrary, the fee for each Credit issued by
Bank shall be .75% per annum; provided, however, in the event of a default under the Letter Credit Agreement or “Default” under and as defined in the Loan Agreement, such fee shall be increased to be 2.00% per annum.

 2. Notwithstanding anything in Section 2(e) of the Letter of Credit Agreement to the contrary, if any amounts payable to Bank
pursuant to Section 2 of the Letter of Credit Agreement are not paid when due, such amount shall thereafter bear interest at the Base Rate (under and as defined in the Loan Agreement), plus 1.50% per annum (i.e., Pricing Level 1 of the Applicable
Rate under and as defined in the Loan Agreement), plus 2.00% per annum (i.e., the increase in the interest rate described in the Default Rate under and as defined in the Loan Agreement). 

 3. Notwithstanding anything in the Letter of Credit Agreement, including, without limitation
Section 6 to the contrary, the obligations of Customer under the Letter of Credit Agreement are unsecured. The Bank acknowledges and agrees that any grant of security interest by Customer in favor of the Bank described in the Letter of Credit
Agreement is null and void and of no force and effect. 
 4. Notwithstanding anything in the Letter of Credit Agreement to the
contrary, in addition to all other rights and remedies of the Bank under the Letter of Credit Agreement, in the event any Credit is outstanding at the time that Customer prepays, or is required, to repay, the Obligations (as defined in the Loan
Agreement) or the Commitments (as defined in the Loan Agreement) are terminated, the Customer shall pledge to and deposit with or deliver to Bank as collateral for all liabilities and indebtedness in respect of the Credits, (a) cash or deposit
account balances or (b) backstop letters of credit entered into on terms, from issuers and in an amounts satisfactory to the Bank. 

 Kindly acknowledge your agreement with respect to the foregoing and your acceptance of the
terms of this letter agreement by returning to TD Bank, N.A. an executed counterpart hereof as soon as possible. 
  

			
	Sincerely,
	
	TD BANK, N.A.
		
	By:	 	/s/ Maria Goncalves
		 	Name: Maria Goncalves
		 	Title: Regional Vice President

 Agreed and Accepted by: 
 SMITH & WESSON HOLDING CORPORATION 
  

			
		
	By:	 	/s/ Jeffrey D. Buchanan
		 	Name: Jeffrey D. Buchanan
		 	Title: EVP, CFO and Treasurer

  
 (Signature
Page to Letter Agreement re Master Letter of Credit Agreement)EX-4.1

 Exhibit 4.1 
 EXECUTION COPY 
 VIACOM INC. 

AND 
 THE BANK OF
NEW YORK MELLON 
 Trustee 
  

 
 SIXTEENTH
SUPPLEMENTAL INDENTURE 
 Dated as of August 19, 2013 

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

and 
 THE BANK OF
NEW YORK MELLON 
 Trustee 
  

 
 $500,000,000
2.500% Senior Notes due 2018 
 $1,250,000,000 4.250% Senior Notes due 2023 

$1,250,000,000 5.850% Senior Debentures due 2043 

 SIXTEENTH SUPPLEMENTAL INDENTURE, dated as of August 19, 2013, 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 three new series of Securities consisting of 2.500% Senior Notes due 2018 (the “Senior Notes due 2018”), 4.250% Senior Notes due 2023 (the
“Senior Notes due 2023,” and, together with the Senior Notes due 2018, the “Senior Notes”) and 5.850% Senior Debentures due 2043 (the “Senior Debentures due 2043” or “Senior
Debentures”) under the Indenture; 
 NOW, THEREFORE, THIS SIXTEENTH 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 Sixteenth 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 due 2018 in an initial aggregate principal amount of $500,000,000, the Senior Notes due 2023 in an initial aggregate principal amount of $1,250,000,000 and the Senior Debentures in
an initial aggregate principal amount of $1,250,000,000 on the date hereof. The forms of the Senior Notes due 2018, the Senior Notes due 2023 and the Senior Debentures are set forth in Exhibit A, Exhibit B and Exhibit C hereto,

 
respectively. The Senior Notes due 2018, the Senior Notes due 2023 and the Senior Debentures shall include the legends set forth on the face of Exhibit A, Exhibit B and Exhibit C hereto,
respectively, substantially in the form so set forth, except to the extent otherwise provided herein. 
 SECTION 2.2    The
Senior Notes due 2018, the Senior Notes due 2023 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, Exhibit B and
Exhibit C 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 due 2023 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 on or after June 1, 2023, in the case of the
Senior Notes due 2023, and on or after March 1, 2043, 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 30 days, but not more than 60 days, before the Redemption Date to each Holder of the Senior Notes due 2023 or Senior Debentures, as the case may be, to be redeemed. 

The Senior Notes due 2018, Senior Notes due 2023 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, in the case of the Senior Notes due 2018, on any date prior to
June 1, 2023, in the case of the Senior Notes due 2023, and on any date prior to March 1, 2043, 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 

  
 2 

 
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 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 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 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) 0.20%, in the case of the Senior Notes due 2018, 0.30%, in the case of the Senior Notes due 2023 or 0.35%, 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, 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. 
 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 either series of Senior Notes or the Senior Debentures, as
the case may be, means that such series of 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 such series of 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 

  
 3 

 
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; 

 

	 	(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. 

  
 4 

 “Change of Control Repurchase Event” in respect of either series
of 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 series of 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 

 

	 	(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 relevant series of 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 August 12, 2013 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. 

  
 5 

 “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 relevant series of Senior Notes or the Senior Debentures or fails to make a rating of the relevant series of
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. 

 “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 either series of Senior Notes or the Senior Debentures, the
Company shall make an offer to each holder of such series of Senior Notes and/or the 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 the applicable 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 the applicable 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 either series of 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 either series of 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 

  
 6 

 
Control Repurchase Event provisions of either series of 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;

  

	 	(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 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 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 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 

  
 7 

 
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 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 each series of
Senior Notes and the Senior Debentures. 
 (g)    Each series of 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.

  
 8 

 (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
SIXTEENTH SUPPLEMENTAL INDENTURE. 
 SECTION 4.    This Sixteenth 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 each series of 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 Sixteenth 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 SIXTEENTH 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. 
 2.500% Senior Note due 2018 
  

					
	No.	 	 	$                           
     	  
		
		 	 	CUSIP: 92553P AS1	  

 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
September 1, 2018 at the office or agency of the Company referred to below, and to pay interest thereon in arrears on March 1, 2014 and semiannually thereafter, on March 1 and September 1 in each year, from August 19, 2013,
or from the most recent Interest Payment Date to which interest has been paid or duly provided for, at the rate of 2.500% 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 15 or August 15, 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 Sixteenth Supplemental Indenture dated as of August 19, 2013 between the Company and the

  
 A-2

 
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 2.500% Senior Notes due 2018, initially limited in aggregate principal amount to $500,000,000. 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 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). 

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. 

  
 A-3

 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. 
 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

  
 A-4

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

  
 A-5

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

							
	Dated: August 19, 2013	 		 	VIACOM INC.
		 		 	as Issuer
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:

  
 A-6

 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: August 19, 2013 

  
 A-7

 EXHIBIT B TO SIXTEENTH 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. 
 4.250% Senior Note due 2023 
  

					
	No.	 	 	$                           
     	  
		
		 	 	CUSIP: 92553P AT9	  

 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
September 1, 2023 at the office or agency of the Company referred to below, and to pay interest thereon in arrears on March 1, 2014 and semiannually thereafter, on March 1 and September 1 in each year, from August 19, 2013,
or from the most recent Interest Payment Date to which interest has been paid or duly provided for, at the rate of 4.250% 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 15 or August 15, 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 Sixteenth Supplemental Indenture dated as of August 19, 2013 between the Company and the

  
 B-2

 
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 4.250% Senior Notes due 2023, initially limited in aggregate principal amount to $1,250,000,000. 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 30 nor more than 60 days’ prior notice, on any date prior to June 1, 2023 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 30 nor more than 60 days’ prior notice, on any date on or after June 1, 2023 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). 

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 

  
 B-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. 

  
 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: August 19, 2013	 		 	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: August 19, 2013 

  
 B-8

 EXHIBIT C TO SIXTEENTH 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. 

  
 C-1

 VIACOM INC. 
 5.850% Senior Debenture due 2043 
  

			
	No.	  	$            
		
		  	CUSIP: 92553P AU6

 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
September 1, 2043 at the office or agency of the Company referred to below, and to pay interest thereon in arrears on March 1, 2014 and semiannually thereafter, on March 1 and September 1 in each year, from August 19, 2013,
or from the most recent Interest Payment Date to which interest has been paid or duly provided for, at the rate of 5.850% 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 February 15 or August 15, 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 Sixteenth Supplemental Indenture dated as of August 19, 2013 between the Company and the

  
 C-2

 
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 5.850% Senior Debentures due 2043, initially limited in aggregate principal amount to $1,250,000,000. 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 30 nor more than 60 days’ prior notice, on any date prior to March 1, 2043 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 30 nor more than 60 days’ prior notice, on any date on or after March 1, 2043 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). 

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 

  
 C-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. 

  
 C-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. 

  
 C-5

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

  
 C-6

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

 

							
	Dated: August 19, 2013	 		 	VIACOM INC.
		 		 	as Issuer
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:

  
 C-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: August 19, 2013 

  
 C-8

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