Document:

EX-10.61

 Exhibit 10.61 
 LEASEBACK AGREEMENT 
 (Agency to Company) 

THIS LEASEBACK AGREEMENT, dated as of November 1, 2011 (the “Leaseback Agreement”), is by and between the COUNTY OF
MONROE INDUSTRIAL DEVELOPMENT AGENCY, a public benefit corporation duly existing under the laws of the State of New York with offices at 8100 CityPlace, 50 West Main Street, Rochester, New York 14614 (the “Agency”) and MONRO SERVICE
CORPORATION, a Delaware corporation with its offices at 200 Holleder Parkway, Rochester, New York 14615 (the “Company”). 
 WITNESSETH: 
 WHEREAS, Title 1 of Article 18 A of the General Municipal Law
of the State of New York (the “Enabling Act”) was duly enacted into law as Chapter 1030 of the Laws of 1969 of the State of New York (the “State”); and 
 WHEREAS, the Enabling Act authorizes the creation of industrial development agencies for the benefit of the several counties, cities, villages and towns in the State and empowers such agencies, among
other things, to acquire, construct, reconstruct, lease, improve, maintain, equip and sell land and any building or other improvement, and all real and personal properties, including, but not limited to, machinery and equipment deemed necessary in
connection therewith, whether or not now in existence or under construction, which shall be suitable for manufacturing, warehousing, research, commercial or industrial facilities, including industrial pollution control facilities, in order to
advance job opportunities, health, general prosperity and the economic welfare of the people of the State and to improve their standard of living; and 
 WHEREAS, the Enabling Act further authorizes each such agency to lease any or all of its facilities at such rentals and on such other terms and conditions as it deems advisable, to issue its bonds for the
purpose of carrying out any of its corporate purposes and, as security for the payment of the principal and redemption price of, and interest on, any such bonds so issued and any agreements made in connection therewith, to mortgage any or all of its
facilities and to pledge the revenues and receipts from the leasing of its facilities; and 
 WHEREAS, pursuant to and in
connection with the provisions of the Enabling Act, Chapter 55 of the Laws of 1972 of the State (collectively with the Enabling Act, the “Act”) created the Agency which is empowered under the Act to undertake the providing, financing and
leasing of the facility described below; and 
 WHEREAS, the Company has requested the Agency to assist in a certain project
(the “Project”) consisting of: (A) the retention of a leasehold interest in the approximately 12-acre parcel of land located at 200 Holleder Parkway in the City of Rochester, New York (the “Land”) together with the existing
approximately 95,000 square foot headquarters, warehouse and distribution center thereon; (B) the construction on the Land of an approximately 70,000 square foot addition to the existing building (the “Improvements”); (C) the
acquisition and installation of various machinery and equipment (the “Equipment” and, together with the Land and the Improvements, the “Facility”); and (D) the lease of the Facility to the Company; and 

WHEREAS, the Agency has determined that providing the Facility will accomplish, in part, its public purposes; and 

WHEREAS, the Company has agreed with the Agency, on behalf of the Agency and as the Agency’s agent, to acquire a leasehold interest
in, and construct and equip the Improvements; and 
 WHEREAS, the Agency proposes to lease the Facility to the Company, and the
Company desires to rent the Facility from the Agency, upon the terms and conditions hereinafter set forth. 

 NOW THEREFORE, for and in consideration of the premises and the mutual covenants hereinafter
contained, the parties hereto hereby formally covenant, agree and bind themselves as follows: 
 REPRESENTATIONS AND COVENANTS

 Representations and Covenants of the Agency. 
 The Agency makes the following representations and covenants as the basis for the undertakings on its part herein contained: 
 The Agency is duly established under the provisions of the Act and has the power to enter into the transaction contemplated by this Leaseback Agreement and to carry out its obligations hereunder. Based
upon the representations of the Company as to the utilization of the Facility, the Facility is of a character included in the definition of “project” in the Act. 
 The Agency has been duly authorized to execute and deliver this Leaseback Agreement. 
 The Agency
will acquire a leasehold interest in the Facility, lease the Facility to the Company pursuant to this Leaseback Agreement and cause the Improvements to be constructed and equipped by the Company, all for the purpose of promoting the industry,
health, welfare, convenience and prosperity of the inhabitants of the State and the County of Monroe and improving their standard of living. The Land is more particularly described in Exhibit A attached hereto and made a part hereof and the
Equipment is more particularly described in Exhibit B attached hereto and made a part hereof. 
 Neither the execution and delivery of
this Leaseback Agreement, the consummation of the transactions contemplated hereby nor the fulfillment of or compliance with the provisions of this Leaseback Agreement will conflict with or result in a breach of any of the terms, conditions or
provisions of the Act or of any corporate restriction or any agreement or instrument to which the Agency is a party or by which it is bound, or will constitute a default under any of the foregoing, or result in the creation or imposition of any lien
of any nature upon any of the property of the Agency under the terms of any such instrument or agreement. 
 The Agency has been induced to
enter into this Leaseback Agreement by the undertaking of the Company to locate and maintain the Facility in the City of Rochester, Monroe County, New York. 
 The Rochester City Planning Board, as Lead Agency has determined that the Facility will not have a “significant effect” on the environment within the meaning of the State Environmental Quality
Review Act and the regulations of the Department of Environmental Conservation promulgated thereunder. 
 Representations and Covenants of
the Company. 
 The Company makes the following representations and covenants as the basis for the undertakings on its part
herein contained as of the date hereof: 
 The Company has power to enter into and to execute and deliver this Leaseback Agreement. 

Neither the execution and delivery of this Leaseback Agreement, the consummation of the transactions contemplated hereby nor the fulfillment of or
compliance with the provisions of this Leaseback Agreement will conflict with or result in a breach of any of the terms, conditions or provisions of any corporate restriction or any agreement or instrument to which the Company is a party or by which
it is bound, or will constitute a default under any of the foregoing, or result in the creation or imposition of any lien of any nature upon any of the property of the Company under the terms of any such instrument or agreement. 

The providing of the Facility by the Agency and the leasing thereof by the Agency to the Company will not result in the removal of a plant, facility or
other commercial activity of the Company from one area of the State to another area of the State nor result in the abandonment of one or more plants or facilities of the Company located within the State. 

The Facility and the operation thereof will conform with all applicable zoning, planning, building and environmental laws and regulations of governmental
authorities having jurisdiction over the Facility, and the Company shall defend, indemnify and hold the Agency harmless from any liability or expenses resulting from any failure by the Company to comply with the provisions of this subsection (d).

 The Company has transferred to the Agency insurable title to the leasehold interest and assets contemplated by this Leaseback Agreement and
all documents related hereto. 
 There is no litigation pending or, to the knowledge of the Company, threatened, in any court, either state or
federal, to which the Company is a party, and in which an adverse result would in any way diminish or adversely impact on the Company’s ability to fulfill its obligations under this Leaseback Agreement. 

Except as disclosed in any environmental assessment report submitted to the Agency by the Company, the Company represents and covenants to its actual
knowledge (i) the Facility complies and will comply in all respects with all environmental laws and regulations, (ii) that no pollutants, contaminants, solid wastes, or toxic or hazardous substances have been in the past or will be
discharged, released, stored, treated, generated, disposed of, or allowed to escape or exist on the Facility except in compliance with all applicable environmental laws, (iii) that no asbestos has been or will be incorporated into or disposed
of on the Facility except in compliance with all applicable environmental laws, (iv) that no underground storage tanks are or will be located on the Facility, and (v) that no 

 
investigation, order, agreement, notice, demand, or settlement with respect to any of the above is threatened, anticipated, in existence, or will be in existence. The Company upon receiving any
information or notice contrary to the representations contained in this Section shall immediately notify the Agency in writing with full details regarding the same. The Company hereby releases the Agency from liability with respect to, and agrees to
defend, indemnify, and hold harmless the Agency, its directors, officers, employees, agents, representatives, successors, and assigns from and against any and all claims, demands, damages, costs, orders, liabilities, penalties, and expenses
(including reasonable attorneys’ fees) related in any way to any violation of the covenants or failure to be accurate of the representations contained in this Section. In the event the Agency in its reasonable discretion deems it necessary to
perform due diligence with respect to any of the above, or to have an environmental audit performed with respect to the Facility, the Company agrees to pay the expenses of same to the Agency upon demand, and agrees that upon failure to do so, its
obligation for such expenses shall be deemed to be additional rent. 
 Any personal property acquired by the Company in the name of the Agency
shall be located in the City of Rochester, except for temporary periods during ordinary use. 
 Public Authorities Law Representations.

 The parties hereto hereby acknowledge that the Facility and the interest therein conveyed to the Agency under the Lease
Agreement, dated as of the date hereof, by and between the Company and the Agency (the “Lease Agreement”) and conveyed by the Agency back to the Company pursuant to the terms of this Leaseback Agreement is not a “Disposal” of
property as defined in Title
 5-A of the Public Authorities Law of the State because title to the property is not being transferred from the Agency to the Company and/or the beneficial interest in the property will remain with the Company.

 FACILITY SITE, DEMISING CLAUSES AND RENTAL PROVISIONS 
 Agreement to Lease to Agency. 
 The Company has leased or subleased, or has
caused to be leased or subleased, or will convey, or will cause to be conveyed, to the Agency a leasehold interest in the property, including any buildings, structures or improvements thereon more particularly described in Exhibit A
attached hereto and the Equipment and personal property described in Exhibit B attached hereto. The Company agrees that the Agency’s interest in such Facility will be sufficient for the purposes intended by this Leaseback
Agreement and agrees that it will defend, indemnify and hold the Agency harmless from any expense or liability arising out of a defect in title or a lien adversely affecting the Facility and will pay all reasonable expenses incurred by the Agency in
defending any action respecting title to or a lien affecting the Facility. 
 Construction and Equipping of the Facility. 

(a) The Company and the Agency agree and acknowledge that the Company will lease the Facility from the Agency pursuant to this Leaseback
Agreement. The Company, as agent for the Agency, will then construct and equip the Improvements. 
 (b) The Company, as agent
for the Agency, will undertake the Project. The Company hereby covenants and agrees to annually file with the State Department of Taxation and Finance, on or before February 15 or each calendar year, the Annual Report (i.e., NYS Form ST-340)
required by General Municipal Law Section 874(8) concerning the value of sales and use tax exemptions claimed by the Company, its agents, consultants and subcontractors while acting as agent for the Agency and to provide a copy of said Annual
Report to the Agency upon filing the same with the State Department of Taxation and Finance. Copies of the as-filed Annual Report should be addressed and delivered to the Agency pursuant to Section 5.10 of this Leaseback Agreement. 

Demise of Facility. 
 The
Agency hereby demises and leases the Facility to the Company and the Company hereby rents and leases the Facility from the Agency upon the terms and conditions of this Leaseback Agreement. 
 Remedies to be Pursued Against Contractors and Subcontractors and their Sureties. 
 In the event of a default by any contractor or any other person or subcontractor under any contract made by it in connection with the Facility or in the event of a breach of warranty or other liability
with respect to any materials, workmanship, or performance guaranty, the Company at its expense, either separately or in conjunction with others, may pursue any and all remedies available to it and the Agency, as appropriate, against the contractor,
subcontractor or manufacturer or supplier or other person so in default and against such surety for the performance of such contract. The Company, in its own name or in the name of the Agency, may prosecute or defend any action or proceeding or take
any other action involving any such contractor, subcontractor, manufacturer, supplier or surety or other person which the Company deems reasonably necessary, and in such event, the Agency, at the Company’s expense, hereby agrees to cooperate
fully with the Company and to take all action necessary to effect the substitution of the Company for the Agency (including but not limited to reasonable attorneys’ fees) in any such action or proceeding. 

 Duration of Lease Term; Quiet Enjoyment. 
 The Agency shall deliver to the Company sole and exclusive possession of the Facility (subject to the provisions of Section 5.3 hereof) and the leasehold estate created hereby shall commence as of
November 1, 2011. 
 The leasehold estate created hereby shall terminate at 11:59 P.M. on October 31, 2031 or on such earlier date as
may be permitted by Section 8.1 hereof. 
 (c) The Company hereby irrevocably appoints and designates the Agency as its
attorney-in-fact for the purpose of executing and delivering and recording any necessary terminations of lease together with any documents required in connection therewith and to take such other and further actions in accordance with this Leaseback
Agreement as shall be reasonably necessary to terminate the Agency’s leasehold interest in the Project upon the expiration or termination hereof. Notwithstanding any such expiration or termination of this Leaseback Agreement, the Company’s
obligations under Sections 3.3 and 5.2 hereof shall continue notwithstanding any such termination or expiration. 
 Rents. 

The Company shall pay rent for the Facility as follows: One ($1.00) Dollar annually. 
 In addition to the payments of rent pursuant to Section 2.6(a) hereof, throughout the term of this Leaseback Agreement, the Company shall pay to the Agency as additional rent, within thirty
(30) days of the receipt of demand therefor, an amount equal to the sum of the expenses of the Agency and the members thereof incurred (i) for the reason of the Agency’s leasing of the Facility and (ii) in connection with the
carrying out of the Agency’s duties and obligations under this Leaseback Agreement. 
 The Company hereby agrees to pay the Agency’s
administrative fee, the fees of local counsel to Agency and/or the fees of transaction counsel incurred from time to time during the Lease Term related to forms of financial assistance hereunder or under other State and federal programs or otherwise
related to the Project, and any and all fees, costs and expenses incurred in the acquisition, construction and/or renovation and equipping of the Facility, including recording fees and taxes and any other fees or expenses due hereunder. 

The Company agrees to make the above mentioned payments, without any further notice, in lawful money of the United States of America as, at the time of
payment, shall be legal tender for the payment of public or private debts. In the event the Company shall fail to timely make any payment required in this Section 2.6, the Company shall pay the same together with interest from the date said
payment is due at the rate of six percent (6%) per annum. 
 Obligations of Company Hereunder Unconditional. 

The obligations of the Company to make the payments required in Section 2.6 hereof and to perform and observe any and all of the
other covenants and agreements on its part contained herein shall be a general obligation of the Company and shall be absolute and unconditional irrespective of any defense or any rights of setoff, recoupment or counterclaim it may otherwise have
against the Agency. The Company agrees it will not (i) suspend, discontinue or abate any payment required by Section 2.6 hereof or (ii) fail to observe any of its other covenants or agreements in this Leaseback Agreement or
(iii) except as provided in Section 8.1 hereof, terminate this Leaseback Agreement for any cause whatsoever including, without limiting the generality of the foregoing, failure to complete the Facility, any defect in the title, design,
operation, merchantability, fitness or condition of the Facility or in the suitability of the Facility for the Company’s purposes and needs, failure of consideration, destruction of or damage to the Facility, commercial frustration of purpose,
or the taking by condemnation of title to or the use of all or any part the Facility, any change in the tax or other laws of the United States of America or administrative rulings of or administrative actions by the State or any political
subdivision of either, or any failure of the Agency to perform and observe any agreement, whether expressed or implied, or any duty, liability or obligation arising out of or in connection with this Leaseback Agreement, or otherwise. The Agency
covenants that it will not, subject to the provisions of Section 6.1 hereof, take, suffer or permit any action which will adversely affect, or create any defect in its title to the Facility or which will otherwise adversely affect the rights or
estates of the Company hereunder, except upon written consent of the Company. None of the foregoing shall relieve the Company of its obligations under Section 5.2 hereof. 
 Easements. 
 The Company shall have the sole and exclusive right and
obligation to execute any and all easements in connection with the Project and Facility. 
 MAINTENANCE, MODIFICATIONS, TAXES AND
INSURANCE 
 Maintenance and Modifications of Facility By Company. 
 The Company agrees that during the term of this Leaseback Agreement it or its operator will (i) keep the Facility in as reasonably a safe condition as its operations shall permit; (ii) make all
necessary repairs and replacements to the Facility (whether ordinary or extraordinary, structural or nonstructural, foreseen or unforeseen); (iii) operate the Facility in a sound and prudent manner; (iv) operate the Facility such that it
continues to qualify as a “project” under the Act and pursuant to the terms contained herein for the purposes described in the Application; and (v) indemnify and hold the Agency harmless from any liability or expenses from the failure
by the Company to comply with (i), (ii), (iii) or (iv) above. 

 The Company, at its own expense, from time to time, may make any structural additions, modifications or
improvements to the Facility or any addition, modifications or improvements to the Facility or any part thereof which it may deem desirable for its business purposes and uses that do not adversely affect the structural integrity or impair the
operating efficiency of the Facility or substantially change the nature of the Facility. All such structural additions, modifications or improvements so made by the Company shall become a part of the Facility; provided, however, the Company shall
not be qualified for a sales and use tax exemption when making said additions, modifications or improvements except to the extent (i) the Company is acting as agent for the Agency under the Agent Agreement which contemplates said additions,
modifications or improvements or (ii) as otherwise provided by law. Upon request, the Company agrees to deliver to the Agency all documents which may be necessary or appropriate to convey to the Agency title or other satisfactory interest in
such property. 
 Installation of Additional Equipment. 
 The Company from time to time may install additional machinery, equipment or other personal property in the Facility (which may be attached or affixed to the Facility), and such machinery, equipment or
other personal property shall not become, or be deemed to become, a part of the Facility. The Company from time to time may remove or permit the removal of such machinery, equipment or other personal property; provided that any such removal of such
machinery, equipment or other personal property shall not adversely affect the structural integrity of the Facility or impair the overall operating efficiency of the Facility for the purposes for which it is intended and provided further that if any
damage is occasioned to the Facility by such removal, the Company agrees to promptly repair such damage at its own expense. 
 Taxes,
Assessments and Utility Charges. 
 The Company agrees to pay, as the same respectively become due and payable, (i) all taxes and
governmental charges of any kind whatsoever which may at any time be lawfully assessed or levied against or with respect to the Facility and any machinery, equipment or other property installed or brought by the Company therein or thereon, including
without limiting the generality of the foregoing any taxes levied upon or with respect to the income or revenues of the Agency from the Facility, (ii) all payments under a certain payment-in-lieu of tax agreement by and between the parties
hereto, to be executed in connection with this transaction (as defined in Article IX hereof) by the parties simultaneously herewith, (iii) all utility and other charges, including “service charges”, incurred or imposed for the
operation, maintenance, use, occupancy, upkeep and improvement of the Facility, and (iv) all assessments and charges of any kind whatsoever lawfully made by any governmental body for public improvements; provided, that, with respect to special
assessments or other governmental charges that may lawfully be paid in installments over a period of years, the Company shall be obligated under this Leaseback Agreement to pay only such installments as are required to be paid during the term of
this Leaseback Agreement. 
 The Company may, at its own expense, and in its own name or on behalf of the Agency, in good faith contest any such
taxes, assessments and other charges. In the event of any such contest, the Company may not permit the taxes, assessments or other charges so contested to remain unpaid during the period of such contest and any appeal therefrom. 

If it should be determined that any state or local sales or compensatory use taxes are payable with respect to the [rehabilitation, renovation,]
construction, equipping, purchase or rental of machinery or equipment, materials or supplies in connection with the Facility, or are in any manner otherwise payable directly or indirectly in connection with the Facility, the Company shall pay the
same and defend and indemnify the Agency from and against any liability, expenses and penalties arising out of, directly or indirectly, the imposition of any such taxes. 

 Insurance Required. 
 At all times throughout the term of this Leaseback Agreement including, without limitation, during any period of construction of the Facility, the Company shall maintain insurance against such risks and
for such amounts as are customarily insured against by businesses of like size and type paying, as the same become due and payable, all premiums in respect thereto, including, but not necessarily limited to: 

Insurance against loss or damage by fire, lightning and other casualties, with a uniform standard extended coverage endorsement, such insurance to be in
an amount not less than the replacement cost of the Facility, exclusive of excavations and foundations, as determined by a recognized appraiser or insurer selected by the Company. As an alternative to the requirements in this subsection (a),
including the requirement of periodic appraisal, the Company may insure such property under a blanket insurance policy or policies covering not only the Facility, but other properties as well. 

Workers’ compensation insurance, disability benefits insurance, and each other form of insurance which the Agency or the Company is required by law
to provide, covering loss resulting from injury, sickness, disability or death of employees of the Company who are located at or assigned to the Facility. 
 Insurance against loss or losses from liabilities imposed by law or assumed in any written contract (including the contractual liability assumed by the Company under Section 5.2 hereof) and arising
from personal injury and death or damage to the property of others caused by any accident or occurrence, with limits of not less than $1,000,000 per accident or occurrence on account of personal injury, including death resulting therefrom, and
$1,000,000 per accident or occurrence on account of damage to the property of others, excluding liability imposed upon the Company by any applicable workmen’s compensation law; and a blanket excess liability policy in the amount not less than
$3,000,000, protecting the Company against any loss or liability or damage for personal injury or property damage. 
 Additional Provisions
Respecting Insurance. 
 All insurance shall be procured and maintained in financially sound and generally recognized responsible insurance
companies selected by the Company and authorized to write such insurance in the State. Such insurance may be written with deductible amounts comparable to those on similar policies carried by other companies engaged in businesses similar in size,
character and other respects to those in which the Company is engaged. All policies evidencing such insurance shall provide for (i) payment of the losses of the Company and the Agency as their respective interests may appear, and (ii) at
least thirty (30) days’ prior written notice of the cancellation thereof to the Company and the Agency. 
 All
such policies of insurance, or a certificate or certificates of the insurers that such insurance is in force and effect, shall be deposited with the Agency on or before the Closing Date. The Company shall deliver to the Agency on or before the first
business day of each calendar year thereafter, a certificate dated not earlier than the immediately preceding
December 1st reciting that the Company is carrying
insurance in the amounts and of the types required by Sections 3.4 and 3.5 hereof, effective through the end of the succeeding calendar year. Prior to the expiration of any such policy, the Company shall furnish the Agency with evidence that the
policy has been renewed or replaced or is no longer required by this Leaseback Agreement. 
 Within one hundred twenty (120) days after the
end of each of its fiscal years, the Company shall file with the Agency a certificate of the Company to the effect that the insurance it maintains with respect to the Project complies with the provisions of this Article III and that duplicate copies
of all policies or certificates thereof have been filed with the Agency and are in full force and effect. 
 Application of Net Proceeds of
Insurance. 
 The net proceeds of the insurance carried pursuant to the provisions of Section 3.4 hereof shall be
applied as follows: 
 the net proceeds of the insurance required by Section 3.4(a) hereof shall be applied
as provided in Section 4.1 hereof, and 
 the net proceeds of the insurance required by Sections 3.4(b) and
(c) hereof shall be applied toward extinguishment or satisfaction of the liability with respect to which such insurance proceeds may be paid. 
 Right of Agency to Pay Taxes, Insurance Premiums and Other Charges. 
 If the
Company fails (i) to pay any tax, assessment or other governmental charge required to be paid by Section 3.3 hereof or (ii) to maintain any insurance required to be maintained by Section 3.4 hereof, the Agency may pay such tax,
assessment or other governmental charge or the premium for such insurance. The Company shall reimburse the Agency for any amount so paid together with interest thereon from the date of payment at nine percent (9%) per annum. 

 DAMAGE, DESTRUCTION AND CONDEMNATION 
 Damage or Destruction. 
 If the Facility shall be damaged or destroyed (in whole or in part)
at any time during the term of this Leaseback Agreement: 
 the Agency shall have no obligation to replace,
repair, rebuild or restore the Facility; 
 there shall be no abatement or reduction in the amounts payable by
the Company under this Leaseback Agreement; and 
 except as otherwise provided in subsection (b) of this
Section 4.1, the Company shall promptly replace, repair, rebuild or restore the Facility to substantially the same condition and value as an operating entity as existed prior to such damage or destruction, with such changes, alterations and
modifications as may be desired by the Company. 
 All such replacements, repairs, rebuilding or restoration made pursuant to
this Section 4.1, whether or not requiring the expenditure of the Company’s own money, shall automatically become a part of the Facility as if the same were specifically described herein. 

The Company shall not be obligated to replace, repair, rebuild or restore the Facility, and the net proceeds of the insurance shall not be applied as
provided in subsection (a) of this Section 4.1, if the Company shall exercise its option to terminate this Leaseback Agreement pursuant to Section 8.1 hereof. 
 The Company may adjust all claims under any policies of insurance required by Section 3.4(a) hereof. 
 Condemnation. 
 If at any time during the term of this Leaseback Agreement the whole or any
part of title to, or the use of, the Facility shall be taken by condemnation, the Agency shall have no obligation to restore or replace the Facility and there shall be no abatement or reduction in the amounts payable by the Company under this
Leaseback Agreement. The Agency shall not have any interest whatsoever in any condemnation award, and the Company shall have the exclusive right to same. 
 Except as otherwise provided in subsection (b) of this Section 4.2, the Company shall promptly: 
 restore the Facility (excluding any land taken by condemnation) to substantially the same condition and value as an operating entity as existed prior to such condemnation, or 

acquire, by construction or otherwise, facilities of substantially the same nature and value as an operating entity as the
Facility. 
 The Facility, as so restored, or the substitute facilities, whether or not requiring the expenditure of the Company’s own
moneys, shall automatically become part of the Facility as if the same were specifically described herein. 
 The Company shall not be obligated
to restore the Facility or acquire substitute facilities, and the net proceeds of any condemnation award shall not be applied as provided in Section 4.2(a) hereof, if the Company shall exercise its option to terminate this Leaseback Agreement
pursuant to Section 8.1 hereof. 
 The Agency shall cooperate fully with the Company in the handling and conduct of any condemnation
proceeding with respect to the Facility. In no event shall the Agency voluntarily settle, or consent to the settlement of, any condemnation proceeding with respect to the Facility without the written consent of the Company. 

Condemnation of Company-Owned Property. 
 The Company shall be entitled to the proceeds of any condemnation award or portion thereof made for damage to or taking of any property which, at the time of such damage or taking, is not part of the
Facility. 
 SPECIAL COVENANTS 
 No Warranty of Condition or Suitability by the Agency. 
 THE AGENCY MAKES NO
WARRANTY, EITHER EXPRESS OR IMPLIED, AS TO THE CONDITION, TITLE, DESIGN, OPERATION, MERCHANTABILITY OR FITNESS OF THE FACILITY OR THAT SUCH FACILITY IS OR WILL BE SUITABLE FOR THE COMPANY’S PURPOSES OR NEEDS. 

 Hold Harmless Provisions. 
 The Company hereby releases the Agency from, agrees that the Agency shall not be liable for, and agrees to indemnify, defend and hold the Agency and its executive director, officers, members, agents
(other than the Company), directors and employees, and their respective successors, assigns or personal representatives (collectively, the “Indemnified Parties”), harmless from and against any and all (i) liability for loss or damage
to property or injury to or death of any and all persons that may be occasioned by any cause whatsoever pertaining to the Facility or arising by reason of or in connection with the occupation or the use thereof or the presence on, in or about the
Facility or (ii) liability arising from or expense incurred by the Agency’s financing, constructing, equipping, owning and leasing of the Facility, including without limiting the generality of the foregoing, all causes of action and
attorneys’ fees and any other expenses incurred in defending any suits or actions which may arise as a result of any of the foregoing. The foregoing indemnities shall apply notwithstanding the fault or negligence on the part of the Indemnified
Parties and irrespective of the breach of a statutory obligation or the application of any rule of comparative or apportioned liability. 

Right to Inspect the Facility. 
 The Agency and its duly authorized agents shall have the right at all reasonable times, and upon prior reasonable notice to the Company, to inspect the Facility; any inspections shall be conducted so as
not to interfere with the Company’s business operations. 
 Company to Maintain its Existence. 

The Company agrees that during the term of this Leaseback Agreement it will maintain its existence, will not dissolve or otherwise dispose
of all or substantially all of its assets. 
 Qualification in the State. 

Throughout the term of this Leaseback Agreement, the Company shall continue to be duly authorized to do business in the State. 

Agreement to Provide Information. 
 The Company agrees, whenever requested by the Agency, to provide and certify or cause to be provided and certified such information concerning the Company, the Facility and other topics necessary to
enable the Agency to make any report required by law or governmental regulation. 
 In accordance with Section 2.2(c) of this Leaseback
Agreement, the Company shall file the Annual Statement with the State Department of Taxation and Finance regarding the value of sales/use tax exemptions that the Company, its agents, consultants and subcontractors have claimed pursuant to the
benefits the Agency conferred upon it in connection with the Facility. The Company acknowledges that the penalty for failure to file such Annual Statement is a default under this Leaseback Agreement. 

Books of Record and Account; Financial Statements. 
 The Company at all times agrees to maintain proper accounts, records and books in which full and correct entries shall be made, in accordance with generally accepted accounting principles, of all business
and affairs of the Company. 

 Compliance With Orders, Ordinances, Etc. 
 The Company agrees that it will, throughout the term of this Leaseback Agreement, promptly comply with all statutes, codes, laws, acts, ordinances, orders, judgments, decrees, injunctions, rules,
regulations, permits, licenses, authorizations, directions and requirements of all federal, state, county, municipal and other governments, departments, commissions, boards, companies or associations insuring the premises, courts, authorities,
officials and officers, foreseen or unforeseen, ordinary or extraordinary, which now or at any time hereafter may be applicable to the Facility or any part thereof, or to any use, manner of use or condition of the Facility or any part thereof.

 Notwithstanding the provisions of subsection (a) of this Section 5.8, the Company may in good faith contest the validity of the
applicability of any requirement of the nature referred to in such subsection (a). In such event, the Company, with the prior written consent of the Agency (which shall not be unreasonably conditioned, delayed or withheld) may fail to comply with
the requirement or requirements so contested during the period of such contest and any appeal therefrom, unless the Agency shall notify the Company that it must comply with such requirement or requirements. 

Discharge of Liens and Encumbrances. 

The Company shall not permit or create or suffer to be permitted or created any lien, upon the Facility or any part thereof by reason of any labor,
services or materials rendered or supplied or claimed to be rendered or supplied with respect to the Facility or any part thereof. 

Notwithstanding the provisions of subsection (a) of this Section 5.9, the Company may in good faith contest any such lien. In such event, the
Company may permit the items so contested to remain undischarged and unsatisfied during the period of such contest and any appeal therefrom. 

Sales Tax. 
 The Company
shall file an Annual Statement with the New York State Department of Taxation and Finance regarding the value of sales tax exemptions that the Company, its agents, consultants or subcontractors have claimed pursuant to the benefits the Agency
conferred upon it in connection with the Facility. The Company shall also file a copy with the Agency on an annual basis. The Company acknowledges that the penalty for failure to file such statement is a default under the terms of this Leaseback
Agreement. 
 Depreciation Deductions and Investment Tax Credit. 
 The parties agree that the Company shall be entitled to all depreciation deductions with respect to any depreciable property (whether real property or personal property) in the Facility pursuant to
section 167 of the United States Internal Revenue Code (the “Code”) and to any investment credit pursuant to Section 38 of the Code with respect to any portion of the Facility. 
 RELEASE OF CERTAIN LAND; ASSIGNMENTS AND SUBLEASING; 
 MORTGAGE AND PLEDGE OF
INTERESTS 
 Restriction on Sale of Facility; Release of Certain Land. 

Except as otherwise specifically provided in this Article VI, the Agency shall not sell, convey, transfer, encumber or otherwise dispose
of the Facility or any part thereof or any of its rights under this Leaseback Agreement, without the prior written consent of the Company. 

Removal of Equipment. 
 The Agency shall
not be under any obligation to remove, repair or replace any inadequate, obsolete, worn out, unsuitable, undesirable or unnecessary item of Equipment. In any instance where the Company determines that any item of Equipment has become inadequate,
obsolete, worn out, unsuitable, undesirable or unnecessary, the Company may remove such item of Equipment from the Facility and may sell, trade in, exchange or otherwise dispose of the same, as a whole or in part. 

The Agency shall execute and deliver to the Company all instruments necessary or appropriate to enable the Company to sell or otherwise dispose of any
such item of Equipment. The Company shall pay any costs (including reasonable attorneys’ fees) incurred in transferring title to and releasing any item of Equipment removed pursuant to this Section 6.2. 

The removal of any item of Equipment pursuant to this Section 6.2 shall not entitle the Company to any abatement or diminution of the rents payable
under Section 2.6 hereof. 
 Assignment and Subleasing. 
 This Leaseback Agreement may not be assigned, with the exception of corporate reorganization or transfers for estate planning purposes, in whole or in part and the Facility may not be leased or subleased
as a whole or in part by the Company, without the consent of the Agency, which shall not be unreasonably conditioned, delayed or withheld. Notwithstanding the foregoing, the parties agree and understand that Monro Muffler Brake, Inc. (the
“Tenant”) will lease or sublease a portion of the Facility without further consent. 

 DEFAULT 
 Events of Default Defined. 
 Each of the following shall be an “Event of Default”
under this Leaseback Agreement: 
 If the Company fails to pay the amounts required to be paid pursuant to Section 2.6 of this Leaseback
Agreement and such failure shall have continued for a period of thirty (30) days after the Agency gives written notice of such failure to the Company; or 
 If there is any purposeful, willful and knowing breach by the Company of any of its other agreements or covenants set forth in this Leaseback Agreement; or 

If there is any failure by the Company to observe or perform any other covenant, condition or agreement required by this Leaseback Agreement to be
observed or performed and such failure shall have continued for a period of thirty (30) days after the Agency gives written notice to the Company, specifying that failure and stating that it be remedied, or in the case of any such default which
can be cured with due diligence but not within such 30-day period, the Company’s failure to proceed promptly to cure such default and thereafter prosecute the curing of such default with due diligence; or 

If any representation or warranty of the Company contained in this Leaseback Agreement is incorrect in any material respect when made; or 

If there is any failure by the Company to observe or perform any covenant, condition or agreement required by any other agreement between the Company and
the Agency to be observed or performed by the Company (including, but not limited to, the Agent Agreement and the PILOT Agreement) and such failure shall have continued for a period of thirty (30) days after the Agency gives written notice to
the Company specifying that failure and stating that it be remedied, or in the case of any such default which can be cured with due diligence but not within such thirty (30) day period, the Company’s failure to proceed promptly to cure
such default and thereafter prosecute the curing of such default with due diligence. 
 Notwithstanding the provisions of Section 7.1(a)
hereof, if by reason of force majeure either party hereto shall be unable in whole or in part to carry out its obligations under this Leaseback Agreement and if such party shall give notice and full particulars of such force majeure in writing to
the other party within a reasonable time after the occurrence of the event or cause relied upon, the obligations under this Leaseback Agreement of the party giving such notice, so far as they are affected by such force majeure, shall be suspended
during continuance of the inability, which shall include a reasonable time for the removal of the effect thereof. The suspension of such obligations for such period pursuant to this subsection (b) shall not be deemed an Event of Default under
this Section 7.1. 
 Notwithstanding anything to the contrary in this subsection (b), an event of force majeure shall not excuse, delay or
in any way diminish the obligations of the Company to make the payments required by Section 2.6 and Section 3.3 hereof, to obtain and continue in full force and effect the insurance required by Section 3.4 hereof, and to provide the
indemnity required by the Unassigned Rights as set forth in Section 10.10 hereof. The term “force majeure” as used herein shall include, without limitation, acts of God, strikes, lockouts or other industrial disturbances, acts of
public enemies, acts, priorities or orders of any kind of the government of the United States of America or of the State or any of their departments, agencies, governmental subdivisions, or officials, any civil or military authority, insurrections,
riots, epidemics, landslides, lightning, earthquakes, fire, hurricanes, storms, floods, washouts, droughts, arrests, restraint of government and people, civil disturbances, explosions, breakage or accident to machinery, transmission pipes or canals,
shortages of labor or materials or delays of carriers, partial or entire failure of utilities, shortage of energy or any other cause or event not reasonably within the control of the party claiming such inability and not due to its fault. The party
claiming such inability shall remove the cause for the same with all reasonable promptness. It is agreed that the settlement of strikes, lockouts and other industrial disturbances shall be entirely within the discretion of the party having
difficulty, and the party having difficulty shall not be required to settle any strike, lockout and other industrial disturbances by acceding to the demands of the opposing party or parties. 
 Remedies on Default. 
 Whenever any Event of Default shall have occurred and
be continuing, the Agency may take, to the extent permitted by law, any one or more of the following remedial steps; 

 Declare, by written notice to the Company, to be immediately due and payable, whereupon the same shall
become immediately due and payable: (i) all unpaid installments of rent payable pursuant to Section 2.6(a) hereof and (ii) all other payments due under this Leaseback Agreement. 

Take any other action as it shall deem necessary to cure any such Event of Default, provided that the taking of any such action shall not be deemed to
constitute a waiver of such Event of Default. 
 Take any other action at law or in equity which may appear necessary or desirable to collect
the payments then due or thereafter to become due hereunder, and to enforce the obligations, agreements or covenants of the Company under this Leaseback Agreement. 
 Terminate this Leaseback Agreement and convey the Facility to the Company or its designee. 

Remedies Cumulative. 
 No
remedy herein conferred upon or reserved to the Agency is intended to be exclusive of any other available remedy, but each and every such remedy shall be cumulative and in addition to every other remedy given under this Leaseback Agreement or now or
hereafter existing at law or in equity. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised
from time to time and as often as may be deemed expedient. 
 Agreement to Pay Attorneys’ Fees and Expenses. 

In the event the Company should default under any of the provisions of this Leaseback Agreement and the Agency should employ attorneys or
incur other expenses for the collection of amounts payable hereunder or the enforcement of performance or observance of any obligations or agreements on the part of the Company herein contained, the Company shall, on demand therefor, pay to the
Agency, the reasonable fees of such attorneys and such other expenses so incurred. 
 No Additional Waiver Implied by One Waiver.

 In the event any agreement contained herein should be breached by any party and thereafter waived by any other party, such
waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other breach hereunder. 
 EARLY
TERMINATION OF AGREEMENT; OBLIGATIONS OF COMPANY 
 Early Termination of Agreement. 

The Company shall have the option at any time to terminate this Leaseback Agreement upon delivery to the Agency notice pursuant to Section 8.2 hereof
signed by an authorized representative of the Company stating the Company’s intention to do so pursuant to this Section 8.1 and upon compliance with the requirements set forth in Section 8.2 hereof. 

The Agency shall have the option at any time to terminate this Leaseback Agreement upon any default of the Company under Paragraph 1(a) of the PILOT
Agreement (as hereinafter defined). 
 The Agency shall have the option at any time to terminate this Leaseback Agreement upon default of the
Company in the performance of any other obligation under this Leaseback Agreement as provided in Section 7.2(4) hereof. 
 Obligation to
Terminate Lease. 
 Upon termination of this Leaseback Agreement in accordance with Section 2.5 or Section 8.1
hereof, the Agency and the Company shall terminate the lease between the Company, as lessor and the Agency, as lessee dated as of the date hereof, executed simultaneously herewith (the “Lease Agreement”) for the consideration of One
($1.00) Dollar. The Company shall exercise its obligation and/or right as the case may be to terminate the Lease Agreement by giving written notice to the Agency. 

 Termination. 
 At the closing of any lease termination of the Facility pursuant to Section 8.2 hereof, the Agency shall, upon receipt of the consideration, deliver to the Company all necessary documents:

 To terminate the Lease Agreement and surrender to the Company the Facility being leased, as such Facility exists, subject only to the
following: 
 any liens to which title to such property was subject when leased to the Agency, 

any liens created at the request of the Company or to the creation of which the Company consented or in the creation of
which the Company acquiesced, 
 any liens resulting from the failure of the Company to perform or observe any of
the agreements on its part contained in this Leaseback Agreement, and 
 To release to the Company all of the Agency’s rights and interest
in and to any rights of action or any net proceeds of insurance or condemnation awards with respect to the Facility. 
 TAX ABATEMENT
PROGRAM 
 Section 9 The Company acknowledges that it is receiving an enhanced real property tax abatement
program whereby it pays property taxes on the real property pursuant to a Payment-in-Lieu-of-Tax Agreement, dated as of the date hereof, by and between the Agency and the Company (the “PILOT Agreement”), to be executed simultaneously
herewith. In consideration for this enhanced PILOT Agreement, the Company and the Tenant have agreed to create fifteen (15) additional full-time jobs within a three (3) year period as defined in the PILOT Agreement and maintain those jobs
throughout the term of the PILOT Agreement. The Company agrees and understands that the Agency or its duly appointed agent may examine the Company’s books and records during normal business hours and upon reasonable notice (a minimum of 48
hours) to determine the Company’s compliance with the JobsPlus Initiative. 
 MISCELLANEOUS 

Surrender of Facility. 

Except as otherwise expressly provided in this Leaseback Agreement, at the termination of this Leaseback Agreement, the Company shall
surrender possession of the Facility peaceably and promptly to the Agency in as good condition as at the commencement of the term of this Leaseback Agreement, loss by fire or other casualty covered by insurance, condemnation and ordinary wear, tear
and obsolescence only excepted. 
 Notices. 
 All notices, certificates and other communications hereunder shall be in writing and shall be sufficiently given and shall be deemed given when delivered and, if delivered by mail, shall be sent by
certified mail, postage prepaid, or by nationally recognized overnight courier, addressed as follows: 
  

			
	To the Agency:	  	County of Monroe Industrial
		  	Development Agency
		  	8100 CityPlace
		  	50 West Main Street
		  	Rochester, New York 14614
		  	Attention: Executive Director
		
	To the Company:	  	Monro Service Corporation
		  	200 Holleder Parkway
		  	Rochester, New York 14615
		  	Attention: David M. Baier, President
		
	With a Copy to:	  	Underberg & Kessler LLP
		  	300 Bausch & Lomb Place
		  	Rochester, New York 14604
		  	Attention: Katherine H. Karl, Esq.

 Binding Effect. 
 This Leaseback Agreement shall inure to the benefit of and shall be binding upon the Agency, the Company and their respective successors and assigns. 

Severability. 
 In the
event any provision of this Leaseback Agreement shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof. 

 Amendments, Changes and Modifications. 

This Leaseback Agreement may not be amended, changed, modified, altered or terminated without the concurring written consent of the
parties hereto. 
 Execution of Counterparts. 
 This Leaseback Agreement may be executed in several counterparts, each of which shall be an original and all of which together shall constitute but one and the same instrument. 

Applicable Law. 
 This
Leaseback Agreement shall be governed exclusively by the applicable internal laws of the State without reference to the principles of conflicts of laws. 
 Recording and Filing. 
 This Leaseback Agreement or a memorandum thereof,
shall be recorded or filed, as the case may be, in the Office of the Clerk of Monroe County, New York, or in such other office as may at the time be provided by law as the proper place for the recordation or filing thereof. 

Survival of Obligations. 

This Leaseback Agreement shall survive the performance of the obligations of the Company to make payments required by Section 2.6
hereof and all indemnities shall survive any termination or expiration of this Leaseback Agreement. 
 Unassigned Rights. 

Notwithstanding any assignment by the Agency to any mortgagees, the Company’s obligations as set forth hereinabove in Sections
1.2(d), 1.2(g), 2.1, 2.2, 2.6, 3.1(a), 3.4, 3.5, 5.2 and 7.4 (the “Unassigned Rights”) will not be assigned to any such mortgagee but shall remain as rights of the Agency. 
 Section Headings Not Controlling. 
 The headings of the several sections in
this Leaseback Agreement have been prepared for convenience of reference only and shall not control, affect the meaning or be taken as an interpretation of any provision of this Leaseback Agreement. 

Merger of the Agency. 

(a) Nothing contained in this Leaseback Agreement shall prevent the consolidation of the Agency with, or merger of the Agency into, or
assignment by the Agency of its rights and interests hereunder to, any other body corporate and politic and public instrumentality of the State of New York or political subdivision thereof which has the legal authority to perform the obligations of
the Agency hereunder, provided that upon any such consolidation, merger or assignment, the due and punctual performance and observance of all the agreements and conditions of this Leaseback Agreement to be kept and performed by the Agency shall be
expressly assumed in writing by the public instrumentality or political subdivision resulting from such consolidation or surviving such merger or to which the Agency’s rights and interests hereunder shall be assigned. 

(b) As of the date of any such consolidation, merger or assignment, the Agency shall give notice thereof in reasonable detail to the
Company. The Agency shall promptly furnish to the Company such additional information with respect to any such consolidation, merger or assignment as the Company reasonably may request. 

[Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the Agency and the Company have caused this Leaseback Agreement
to be executed in their respective corporate names, all as of the date first above written. 
  

			
	COUNTY OF MONROE INDUSTRIAL DEVELOPMENT AGENCY
		
	By:	 	 /s/ Judy A. Seil

	Name:	 	Judy A. Seil
	Title:	 	Executive Director
	
	MONRO SERVICE CORPORATION
		
	By:	 	 /s/ David M. Baier

	Name:	 	David M. Baier
	Title:	 	President

 STATE OF NEW YORK ) 
 COUNTY OF MONROE ) ss.: 
 On the 1st day of November, 2011, before me, the undersigned, a Notary Public
in and for said State, personally appeared Judy A. Seil, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that she
executed the same in her capacity, and that by her signature on the instrument, the individual or the person upon behalf of which the individual acted, executed the instrument. 

 

	
	 /s/ Lori A. Palmer

	Notary Public

 STATE OF NEW YORK ) 
 COUNTY OF MONROE ) ss.: 
 On the 1st day of February, 2012, before me, the undersigned, a Notary Public
in and for said State, personally appeared David M. Baier, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he
executed the same in his capacity, and that by his signature on the instrument, the individual or the person upon behalf of which the individual acted, executed the instrument. 

 

	
	 /s/ Kimberly A. Rudd

	 Notary PublicSeventh Supplemental Indenture

 Exhibit 4.1 
 EXECUTION COPY 
 COVIDIEN INTERNATIONAL FINANCE S.A., 

as Issuer 
 AND

 COVIDIEN PUBLIC LIMITED COMPANY AND COVIDIEN LTD., 
 as Guarantors 
 AND 

DEUTSCHE BANK TRUST 
 COMPANY AMERICAS, 
 as Trustee 

SEVENTH SUPPLEMENTAL INDENTURE 
 Dated as of May 30, 2012 
 $600,000,000 of 1.350% Senior Notes due 2015

 $650,000,000 of 3.200% Senior Notes due 2022 

 THIS SEVENTH SUPPLEMENTAL INDENTURE is dated as of May 30, 2012 among COVIDIEN
INTERNATIONAL FINANCE S.A., a Luxembourg company (the “Company”), COVIDIEN PUBLIC LIMITED COMPANY , an Irish company (“Covidien plc”), and COVIDIEN LTD., a Bermuda company (“Covidien Ltd.”, and
together with Covidien plc, the “Guarantors”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation (the “Trustee”). 
 RECITALS 
 A. WHEREAS, the Company, the Guarantors and the Trustee executed and
delivered an Indenture, dated as of October 22, 2007 (as supplemented prior to the date hereof, the “Base Indenture,” and as further supplemented by this Seventh Supplemental Indenture, the “Indenture”), to
provide for the issuance by the Company from time to time of unsubordinated debt securities evidencing its unsecured indebtedness. 
 B. WHEREAS, pursuant to the Base Indenture, the Company desires to establish two new series of its debt securities, to be known as its “1.350% Senior Notes due 2015” (the “2015
Notes”) and “3.200% Senior Notes due 2022” (the “2022 Notes” and, together with the 2015 Notes, the “Offered Securities”), the form and substance and the terms, provisions and conditions thereof
to be set forth as provided in the Base Indenture and this Seventh Supplemental Indenture; 
 C. WHEREAS, pursuant to a
resolution of its board of directors, the Company has authorized the issuance of the Offered Securities. 
 D. WHEREAS, the
entry into this Seventh Supplemental Indenture by the parties hereto is in all respects authorized by the provisions of the Base Indenture. 
 E. WHEREAS, the Company and the Guarantors desire to enter into this Seventh Supplemental Indenture pursuant to Section 9.01 of the Base Indenture to establish the terms of the Offered Securities in
accordance with Section 2.01 of the Base Indenture and to establish the form of the Offered Securities in accordance with Section 2.02 of the Base Indenture. 
 F. WHEREAS all things necessary to make this Seventh Supplemental Indenture a valid indenture and agreement according to its terms have been done. 

NOW, THEREFORE, for and in consideration of the foregoing premises, the Company, the Guarantors and the Trustee mutually covenant and
agree for the equal and proportionate benefit of the respective holders from time to time of the Offered Securities as follows: 

ARTICLE I 
 Section 1.1.
Terms of Offered Securities. 
 The following terms relate to the Offered Securities: 

(1) The Offered Securities constitute two new series of securities having the titles “1.350% Senior Notes due 2015” and
“3.200% Senior Notes due 2022.” 
 (2) The initial aggregate principal amount of the 2015 Notes that may be
authenticated and 

  
 2 

 
delivered under the Base Indenture (except for Offered Securities authenticated and delivered upon transfer of, or in exchange for, or in lieu of, other 2015 Notes pursuant to Section 2.05,
2.06, 2.07, 2.11, or 3.03 of the Base Indenture) is $600,000,000. The initial aggregate principal amount of the 2022 Notes that may be authenticated and delivered under the Base Indenture (except for Offered Securities authenticated and delivered
upon transfer of, or in exchange for, or in lieu of, other 2022 Notes pursuant to Section 2.05, 2.06, 2.07, 2.11, or 3.03 of the Base Indenture) is $650,000,000. 
 (3) The entire Outstanding principal amount of the 2015 Notes shall be payable on May 29, 2015 and the entire Outstanding principal amount of the 2022 Notes shall be payable on June 15, 2022.

 (4) The rate at which the 2015 Notes shall bear interest shall be 1.350% per year. The date from which interest shall
accrue on the 2015 Notes shall be May 30, 2012, or the most recent Interest Payment Date for the 2015 Notes to which interest has been paid or provided for. The Interest Payment Dates for the 2015 Notes shall be May 29 and November 29
of each year, beginning November 29, 2012. Interest shall be payable on each Interest Payment Date for the 2015 Notes to the holders of record at the close of business on the May 15 and November 15 prior to each Interest Payment Date
for the 2015 Notes. 
 The rate at which the 2022 Notes shall bear interest shall be 3.200% per year. The date from which
interest shall accrue on the 2022 Notes shall be May 30, 2012, or the most recent Interest Payment Date for the 2022 Notes to which interest has been paid or provided for. The Interest Payment Dates for the 2022 Notes shall be June 15 and
December 15 of each year, beginning December 15, 2012. Interest shall be payable on each Interest Payment Date for the 2022 Notes to the holders of record at the close of business on the June 1 and December 1 prior to each
Interest Payment Date for the 2022 Notes. 
 The basis upon which interest shall be calculated shall be that of a 360-day year
consisting of twelve 30-day months. 
 (5) The Offered Securities shall be issuable in whole in the form of one or more
registered Global Securities, and the Depository for such Global Securities shall be The Depository Trust Company, New York, New York. The Offered Securities shall be substantially in the form attached hereto as Exhibits A and B, the terms of which
are herein incorporated by reference. The Offered Securities shall be issuable in denominations of $2,000 or any integral multiple of $1,000 in excess thereof. 
 (6) The Offered Securities may not be redeemed at the option of the Company prior to the maturity date, except as provided in Article XIV of the Base Indenture and this Seventh Supplemental Indenture.

 (7) The Offered Securities will not have the benefit of any sinking fund. 

(8) Except as provided herein, the holders of the Offered Securities shall have no special rights in addition to those provided in the
Base Indenture upon the occurrence of any particular events. 
 (9) The Offered Securities will be general unsecured and
unsubordinated obligations of the Company and will be ranked equally among themselves. 

  
 3 

 (10) The Offered Securities are not convertible into shares of common stock or other
securities of the Company. 
 (11) The additional redemption provisions, restrictive covenants, Event of Default and defeasance
and discharge provisions set forth in Sections 1.3, 1.4, 1.5 and 1.6 shall be applicable to the Offered Securities. 
 Section 1.2.
Additional Defined Terms. 
 As used herein, the following defined terms shall have the following meanings with respect to
the Offered Securities only: 
 “Adjusted Redemption Treasury Rate” with respect to any Redemption Date means
the rate equal to the semiannual equivalent yield to maturity or interpolated (on a 30/360 day count basis) yield to maturity of the Comparable Redemption Treasury Issue, assuming a price for the Comparable Redemption Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Redemption Treasury Price for such Redemption Date. 

“Attributable Debt”, in connection with a Sale and Lease-Back Transaction, as of any particular time, means the
aggregate of present values (discounted at a rate that, at the inception of the lease, represents the effective interest rate that the lessee would have incurred to borrow over a similar term the funds necessary to purchase the leased assets) of the
obligations of the Company or any Restricted Subsidiary for net rental payments during the remaining term of the applicable lease, including any period for which such lease has been extended or, at the option of the lessor, may be extended. The term
“net rental payments” under any lease of any period shall mean the sum of the rental and other payments required to be paid in such period by the lessee thereunder, not including any amounts required to be paid by such lessee, whether or
not designated as rental payments or additional rental payments, on account of maintenance and repairs, reconstruction, insurance, taxes, assessments, water rates or similar charges required to be paid by such lessee thereunder or any amounts
required to be paid by such lessee thereunder contingent upon the amount of sales, maintenance and repairs, reconstruction, insurance, taxes, assessments, water rates or similar charges. 

“Below Investment Grade Rating Event” means the applicable Offered Securities are rated below an Investment Grade Rating
by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of the Change of Control (which
60-day period shall be extended so long as the rating of the Offered Securities 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 be deemed not to have occurred in respect of a particular Change of Control (and thus shall be deemed not to be a Below Investment Grade Rating Event for purposes of the definition of Change of
Control Triggering Event) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not publicly announce or publicly confirm or inform the Trustee in writing at its request that the reduction was the
result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below
Investment Grade Rating Event). 

  
 4 

 “Change of Control” means the occurrence of any of (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 assets of Covidien plc and its subsidiaries taken as a whole to
any person or group of persons for purposes of Section 13(d) of the Exchange Act other than Covidien plc or one of its subsidiaries or a person controlled by Covidien plc or one of its subsidiaries; (2) consummation of any transaction
(including any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than Covidien plc’s or its subsidiaries’ employee benefit plans, becomes
the beneficial owner (as defined in Rules 13(d)(3) and 13(d)(5) under the Exchange Act), directly or indirectly, of more than 50% of the outstanding voting stock of Covidien plc, measured by voting power rather than number of shares; or (3) the
replacement of a majority of the board of directors of Covidien plc over a two-year period from the directors who constituted the board of directors of Covidien plc at the beginning of such period, and such replacement shall not have been approved
by at least a majority of the board of directors of Covidien plc then still in office (either by a specific vote or by approval of a proxy statement in which such member was named as a nominee for election as a director, without objection to such
nomination) who either were members of such board of directors at the beginning of such period or whose election as a member of such board of directors was previously so approved; provided, that, a transaction effected to create a holding company
for Covidien plc will not be deemed to involve a Change of Control if: (1) pursuant to such transaction Covidien plc becomes a direct or indirect wholly-owned subsidiary of such holding company; (2) the direct or indirect holders of the
voting stock of such holding company immediately following that transaction are substantially the same as the holders of Covidien plc’s voting stock, if any, immediately prior to that transaction; and (3) immediately following the
transaction no person is the beneficial owner, directly or indirectly, of more than 50% of the voting power represented by the outstanding voting stock of such holding company. Following any such transaction, references in this definition to
Covidien plc shall be deemed to refer to such holding company. For purposes of this definition, “voting stock” of any specified “person” (as that term is used in Section 13(d)(3) of the Exchange Act) as of any date means the
capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 
 “Change of Control Triggering Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. 

“Comparable Redemption Treasury Issue” means the United States Treasury security selected by the Quotation Agent as
having a maturity comparable to the remaining term of the applicable Offered Securities to be redeemed that will be utilized at the time of selection and in accordance with customary financial practice in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of such Offered Securities. 
 “Comparable Redemption Treasury
Price” with respect to any Redemption Date means (x) the average of the Redemption Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Redemption Reference Treasury Dealer
Quotations (unless there is more than one highest or lowest quotation, in which case only one such highest and/or lowest quotation shall be excluded), or (y) if the Quotation Agent obtains fewer than four such Redemption Reference Treasury
Dealer Quotations, the average of all such Redemption Reference Treasury Dealer Quotations. 

  
 5 

 “Consolidated Net Worth” at any date means total assets less total
liabilities, in each case appearing on the most recently prepared consolidated balance sheet of Covidien plc and its subsidiaries as of the end of a fiscal quarter of Covidien plc, prepared in accordance with GAAP as in effect on the date of the
consolidated balance sheet. 
 “Consolidated Tangible Assets” at any date means total assets less all
intangible assets appearing on the most recently prepared consolidated balance sheet of Covidien plc and its subsidiaries as of the end of a fiscal quarter of Covidien plc, prepared in accordance with GAAP as in effect on the date of the
consolidated balance sheet. “Intangible assets” means the amount (if any) stated under the heading 

“Fitch” means Fitch Ratings Ltd. 
 “Funded Indebtedness” means any Indebtedness maturing by its terms more than one year from the date of the determination thereof, including any Indebtedness renewable or extendible at the
option of the obligor to a date later than one year from the date of the determination thereof. 
 “GAAP” means
generally accepted accounting principles set forth in the FASB Accounting Standards Codification or in such other statements by such other entity as may be approved by a significant segment of the accounting profession of the United States, as in
effect from time to time. At any time after the initial date of issuance of the Offered Securities, the Company may elect (by providing written notice to the Trustee) to apply International Financial Reporting Standards (“IFRS”) in
lieu of GAAP and, upon any such election, references herein to GAAP shall thereafter be construed to mean IFRS (except as otherwise provided herein); provided that any such election, once made, shall be irrevocable. 

“Goodwill and Other Intangible Assets, Net” or under any other heading of intangible assets separately listed, in each
case on the face of such consolidated balance sheet. 
 “Indebtedness” means, without duplication, the
principal amount (such amount being the face amount or, with respect to original issue discount bonds or zero coupon notes, bonds or debentures or similar securities, determined based on the accreted amount as of the date of the most recently
prepared consolidated balance sheet of Covidien plc and its Subsidiaries as of the end of a fiscal quarter of Covidien plc prepared in accordance with GAAP as in effect on the date of such consolidated balance sheet) of (i) all obligations for
borrowed money, (ii) all obligations evidenced by debentures, notes or other similar instruments, (iii) all obligations in respect of letters of credit or bankers acceptances or similar instruments or reimbursement obligations with respect
thereto (such instruments to constitute Indebtedness only to the extent that the outstanding reimbursement obligations in respect thereof are collateralized by cash or cash equivalents reflected as assets on a balance sheet prepared in accordance
with GAAP), (iv) all obligations to pay the deferred purchase price of property or services, except (A) trade and similar accounts payable and accrued expenses, (B) employee compensation, deferred compensation and pension obligations,
and other obligations arising from employee benefit programs and agreements or other similar employment arrangements, (C) obligations in respect of customer advances received and (D) obligations in connection with earnout and holdback

  
 6 

 
agreements, in each case in the ordinary course of business, (v) all obligations as lessee to the extent capitalized in accordance with GAAP and (vi) all Indebtedness of others
consolidated in such balance sheet that is guaranteed by the Company or any of its Subsidiaries or for which the Company or any of its Subsidiaries is legally responsible or liable (whether by agreement to purchase indebtedness of, or to supply
funds or to invest in, others). 
 “Investment Grade Rating” means a rating equal to or higher than BBB–
(or the equivalent) by Fitch, Baa3 (or the equivalent) by Moody’s and BBB– (or the equivalent) by S&P. 

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

“Non-Recourse Indebtedness” means Indebtedness upon the enforcement of which recourse may be had by the holder(s)
thereof only to identified assets of Covidien plc, Covidien Ltd. or the Company or any Subsidiary of Covidien plc, Covidien Ltd. or the Company and not to Covidien plc, Covidien Ltd. or the Company or any Subsidiary of Covidien plc, Covidien Ltd. or
the Company personally (subject to, for the avoidance of doubt, customary exceptions contained in non-recourse financings to the non-recourse nature of the obligations thereunder). 

“Principal Property” means any U.S. manufacturing, processing or assembly plant or any U.S. warehouse or distribution
facility of Covidien plc or any of its Subsidiaries that is used by any U.S. Subsidiary of the Company and (A) is owned by Covidien plc or any Subsidiary of Covidien plc on the date hereof, (B) the initial construction of which has been
completed after the date hereof, or (C) is acquired after the date hereof, in each case, other than any such plants, facilities, warehouses or portions thereof, that in the opinion of the Board of Directors of the Company, are not collectively
of material importance to the total business conducted by Covidien plc and its subsidiaries as an entirety, or that has a net book value (excluding any capitalized interest expense), on the date hereof in the case of clause (A) of this
definition, on the date of completion of the initial construction in the case of clause (B) of this definition or on the date of acquisition in the case of clause (C) of this definition, of less than 2.0% of Consolidated Tangible Assets on
the consolidated balance sheet of Covidien plc and its subsidiaries as of the applicable date. 
 “Prospectus”
means the base prospectus dated June 21, 2010, as supplemented by the prospectus supplement dated May 22, 2012. 

“Quotation Agent” means a Redemption Reference Treasury Dealer appointed as such agent by the Company. 

“Rating Agencies” means (1) each of Fitch, Moody’s and S&P; and (2) if any of Fitch, Moody’s or
S&P ceases to rate the applicable Offered Securities or fails to make a rating of such Offered Securities 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 certified by a resolution of the Company’s Board of Directors) as a replacement agency for Fitch, Moody’s or S&P, or all of them,
as the case may be. 
 “Redemption Date” shall mean, with respect to any redemption of any Offered Securities,
the date fixed for such redemption pursuant to the terms of the Indenture and such Offered Securities. 

  
 7 

 “Redemption Price” shall mean, with respect to any redemption of any
Offered Securities, the price at which such Offered Securities are to be redeemed as determined pursuant to the terms of the Indenture and Section 1.3 hereof. 
 “Redemption Reference Treasury Dealer” means (a) each of BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. or their affiliates which are
primary U.S. government securities dealers, and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. government securities dealer (a “Primary Treasury Dealer”), the Company will
substitute therefor another Primary Treasury Dealer selected by the Company and (b) any other Primary Treasury Dealer selected by the Company. 
 “Redemption Reference Treasury Dealer Quotations” with respect to each Redemption Reference Treasury Dealer and any Redemption Date means the average, as determined by the Quotation
Agent, of the bid and offer prices at 11:00 a.m., New York City time, for the Comparable Redemption Treasury Issue (expressed in each case as a percentage of its principal amount) for settlement on the Redemption Date quoted in writing to the
Quotation Agent by such Redemption Reference Treasury Dealer on the third business day preceding such Redemption Date. 

“Restricted Subsidiary” means any Subsidiary of the Company that owns or leases a Principal Property. 

“Sale and Lease-Back Transaction” means an arrangement with any Person providing for the leasing by the Company or a
Restricted Subsidiary of any Principal Property whereby such Principal Property has been or is to be sold or transferred by the Company or a Restricted Subsidiary to such Person other than Covidien plc, Covidien Ltd., the Company or any of their
respective Subsidiaries; provided, however, that the foregoing shall not apply to any such arrangement involving a lease for a term, including renewal rights, for not more than three years. 

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

 Section 1.3. Optional Redemption. 
 Each series of Offered Securities will be subject to redemption at the option of the Company on any Redemption Date prior to the maturity date, in whole or from time to time in part, in $1,000 increments
(provided that any remaining principal amount thereof shall be at least the minimum authorized denomination thereof), on not less than 30 nor more than 60 days’ prior notice mailed to the holders of Offered Securities to be redeemed.

 The Offered Securities will be redeemable at a Redemption Price equal to the greater of (i) 100% of the principal amount
of the Offered Securities to be redeemed, and (ii) an amount, as determined by the Quotation Agent and delivered to the Trustee, equal to the sum of the present values of the remaining scheduled payments of principal and interest thereon due on
any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the

  
 8 

 
Redemption Date (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus (A) 15 basis points in the case of the 2015 Notes and (B) 25
basis points in the case of the 2022 Notes plus, in the case of either clause (i) or clause (ii), accrued and unpaid interest, if any, to, but excluding, the Redemption Date. 

Notwithstanding the immediately preceding paragraph, the 2022 Notes will be redeemable on or after March 15, 2022 at a Redemption
Price equal to 100% of the principal amount of the 2022 Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. 
 Section 1.4. Additional Covenants. 
 The following additional covenants
shall apply with respect to the Offered Securities so long as any of the Offered Securities remain Outstanding (but subject to defeasance, as provided in the Indenture): 
 (1) Limitation on Liens. 
 The Company will not, and will not permit any
Restricted Subsidiary to, issue, assume or guarantee any Indebtedness that is secured by a mortgage, pledge, security interest, lien or encumbrance (each a “lien”) upon any property that at the time of such issuance, assumption or
guarantee constitutes a Principal Property, or any shares of stock of or Indebtedness issued by any Restricted Subsidiary, whether now owned or hereafter acquired, without effectively providing that, for so long as such lien shall continue in
existence with respect to such secured Indebtedness, the Offered Securities (together with, if the Company shall so determine, any other Indebtedness of the Company ranking equally with the Offered Securities, it being understood that for purposes
hereof, Indebtedness which is secured by a lien and Indebtedness which is not so secured shall not, solely by reason of such lien, be deemed to be of different ranking) shall be equally and ratably secured by a lien ranking ratably with or equal to
(or at the Company’s option prior to) such secured Indebtedness; provided, however, that the foregoing covenant shall not apply to: 
 (a) liens existing on the date the Offered Securities are first issued; 
 (b)
liens on the stock, assets or Indebtedness of a Person existing at the time such Person becomes a Restricted Subsidiary, unless created in contemplation of such Person becoming a Restricted Subsidiary; 

(c) liens on any assets or Indebtedness of a Person existing at the time such Person is merged with or into or consolidated with or
acquired by the Company or a Restricted Subsidiary or at the time of a purchase, lease or other acquisition of the assets of a corporation or firm as an entirety or substantially as an entirety by the Company or any Restricted Subsidiary;

 (d) liens on any Principal Property existing at the time of acquisition thereof by the Company or any Restricted Subsidiary,
or liens to secure the payment of the purchase price of such Principal Property by the Company or any Restricted Subsidiary, or to secure any Indebtedness incurred, assumed or guaranteed by the Company or a Restricted Subsidiary for the purpose of
financing all or any part of the purchase price of such Principal Property or 

  
 9 

 
improvements or construction thereon, which Indebtedness is incurred, assumed or guaranteed prior to, at the time of or within one year after such acquisition (or in the case of real property,
completion of such improvement or construction or commencement of full operation of such property, whichever is later); provided, however, that in the case of any such acquisition, construction or improvement, the lien shall not apply to any
Principal Property theretofore owned by the Company or a Restricted Subsidiary, other than the Principal Property so acquired, constructed or improved (and any accessions thereto and improvements and replacements thereof and the proceeds of the
foregoing); 
 (e) liens securing Indebtedness owing by any Restricted Subsidiary to the Company, the Guarantors or a subsidiary
thereof or by the Company to the Guarantors; 
 (f) liens in favor of the United States or any State thereof, or any department,
agency or instrumentality or political subdivision of the United States of America or any State thereof, or in favor of any other country or any political subdivision thereof, to secure partial, progress, advance or other payments pursuant to any
contract, statute, rule or regulation or to secure any Indebtedness incurred or guaranteed for the purpose of financing all or any part of the purchase price (or, in the case of real property, the cost of construction or improvement) of the
Principal Property subject to such liens (including liens incurred in connection with pollution control, industrial revenue or similar financings); 
 (g) pledges, liens or deposits under workers’ compensation or similar legislation, and liens thereunder that are not currently dischargeable, or in connection with bids, tenders, contracts (other
than for the payment of money) or leases to which the Company or any Restricted Subsidiary is a party, or to secure the public or statutory obligations of the Company or any Restricted Subsidiary, or in connection with obtaining or maintaining
self-insurance, or to obtain the benefits of any law, regulation or arrangement pertaining to unemployment insurance, old age pensions, social security or similar matters, or to secure surety, performance, appeal or customs bonds to which the
Company or any Restricted Subsidiary is a party, or in litigation or other proceedings in connection with the matters heretofore referred to in this clause, such as interpleader proceedings, and other similar pledges, liens or deposits made or
incurred in the ordinary course of business; 
 (h) liens created by or resulting from any litigation or other proceeding that
is being contested in good faith by appropriate proceedings, including liens arising out of judgments or awards against the Company or any Restricted Subsidiary with respect to which the Company or such Restricted Subsidiary in good faith is
prosecuting an appeal or proceedings for review or for which the time to make an appeal has not yet expired; or final unappealable judgment liens which are satisfied within 15 days of the date of judgment; or liens incurred by the Company or any
Restricted Subsidiary for the purpose of obtaining a stay or discharge in the course of any litigation or other proceeding to which the Company or such Restricted Subsidiary is a party; 

(i) liens for taxes or assessments or governmental charges or levies not yet due or delinquent; or that can thereafter be paid without
penalty, or that are being contested in good faith by appropriate proceedings; landlord’s liens on property held under lease; and any other liens or charges incidental to the conduct of the business of the Company or any Restricted

  
 10 

 
Subsidiary, or the ownership of their respective assets, that were not incurred in connection with the borrowing of money or the obtaining of advances or credit and that, in the opinion of the
Board of Directors of the Company, do not materially impair the use of such assets in the operation of the business of the Company or such Restricted Subsidiary or the value of such Principal Property for the purposes of such business; 

(j) liens to secure the Company’s or any Restricted Subsidiary’s obligations under agreements with respect to spot, forward,
future and option transactions, entered into in the ordinary course of business; 
 (k) liens not permitted by the foregoing
clauses (a) to (j), inclusive, if at the time of, and after giving effect to, the creation or assumption of any such lien, the aggregate amount of all outstanding Indebtedness of the Company and its Restricted Subsidiaries (without duplication)
secured by all such liens not so permitted by the foregoing clauses (a) through (j), inclusive, together with the Attributable Debt in respect of Sale and Lease-Back Transactions permitted by paragraph (a) under subsection (2) below
does not exceed the greater of $675,000,000 and 10% of Consolidated Net Worth; and 
 (l) any extension, renewal or replacement
(or successive extensions, renewals or replacements), in whole or in part, of any lien referred to in the foregoing clauses (a) to (k), inclusive; provided, however, that the principal amount of Indebtedness secured thereby unless otherwise
excepted under clauses (a) through (k) shall not exceed the principal amount of Indebtedness so secured at the time of such extension, renewal or replacement, and that such extension, renewal or replacement shall be limited to all or a
part of the assets (or any replacement assets therefor) that secured the lien so extended, renewed or replaced (plus improvements and construction on real property). 
 (2) Limitation on Sale/Leaseback Transactions. 
 The Company will not, and will
not permit any Restricted Subsidiary to, enter into any Sale and Lease-Back Transaction unless: 
 (a) the Company or such
Restricted Subsidiary, at the time of entering into a Sale and Lease-Back Transaction, would be entitled to incur Indebtedness secured by a lien on the Principal Property to be leased in an amount at least equal to the Attributable Debt in respect
of such Sale and Lease-Back Transaction, without equally and ratably securing the Offered Securities pursuant to subsection (1) above; or 
 (b) the direct or indirect proceeds of the sale of the Principal Property to be leased are at least equal to the fair value of such Principal Property (as determined by the Company’s Board of
Directors) and an amount equal to the net proceeds from the sale of the property or assets so leased is applied, within 180 days of the effective date of any such Sale and Lease-Back Transaction, to the purchase or acquisition (or, in the case of
real property, commencement of the construction) of property or assets or to the retirement (other than at maturity or pursuant to a mandatory sinking fund or mandatory redemption provision) of Securities, or of Funded Indebtedness of the Company or
a consolidated Subsidiary ranking on a parity with or senior to the Securities; provided that there shall be credited to the amount of net proceeds required to be applied pursuant to this clause (b) an amount equal to the sum of (i) the
principal amount of 

  
 11 

 
Securities delivered within 180 days of the effective date of such Sale and Lease-Back Transaction to the Trustee for retirement and cancellation and (ii) the principal amount of other
Funded Indebtedness voluntarily retired by the Company within such 180-day period, excluding retirements of Securities and other Funded Indebtedness as a result of conversions or pursuant to mandatory sinking fund or mandatory prepayment provisions.

 (3) Change of Control Triggering Event. 
 (a) Upon the occurrence of a Change of Control Triggering Event, unless the Company has exercised its right to redeem the Offered Securities pursuant to Section 1.3 hereof or Section 14.01 of
the Base Indenture, each holder will have the right to require that the Company purchase all or a portion, in $1,000 increments (provided, that any remaining principal amount thereof shall be at least the minimum authorized denomination
thereof), of such holder’s Offered Securities pursuant to Section 1.4(3)(b) hereof (the “Change of Control Offer”), at a repurchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if
any, to, but excluding, the repurchase date. 
 (b) Within 30 days following the date upon which the Change of Control
Triggering Event occurred, or at the Company’s option, prior to any Change of Control, but after the public announcement of the Change of Control, the Company shall send, by first class mail, a notice to each holder, with a copy to the Trustee,
which notice shall govern the terms of the Change of Control Offer. Such notice shall describe the transaction or transactions that constitute the Change of Control and shall state: 

(A) that the Change of Control Offer is being made pursuant to this Section 1.4(3) of this Seventh Supplemental
Indenture; 
 (B) that the Company is required to offer to purchase all of the outstanding principal amount of
Offered Securities, the repurchase price and, that on the date specified in such notice, which date shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed, other than as may be required by law (the
“Change of Control Payment Date”), and the Company shall repurchase the Offered Securities validly tendered and not withdrawn pursuant to this Section 1.4(3); 

(C) if mailed prior to the date of consummation of the Change of Control, shall state that the Change of Control Offer is
conditioned on the Change of Control Triggering Event occurring on or prior to the Change of Control Payment Date; 
 (D) that any Offered Security not tendered or accepted for payment shall continue to accrue interest; 
 (E) that, unless the Company defaults in making such payment, Offered Securities accepted for payment pursuant to the Change of Control Offer shall cease to accrue interest after the Change of Control
Payment Date; 
 (F) that holders electing to have an Offered Security purchased pursuant to a Change of Control
Offer may elect to have all or any portion of such Offered Security purchased; 

  
 12 

 (G) that holders of Offered Securities electing to have Offered Securities
purchased pursuant to a Change of Control Offer shall be required to surrender their Offered Securities, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Offered Security, or such other customary documents
of surrender and transfer as the Company may reasonably request, duly completed, or transfer the Offered Security by book-entry transfer, to the paying agent at the address specified in the notice prior to the close of business on the third Business
Day prior to the Change of Control Payment Date; 
 (H) that holders shall be entitled to withdraw their
election if the Company, the Depositary or the paying agent, as the case may be, receives, not later than the expiration of the Change of Control Offer, a facsimile transmission or letter setting forth the name of the holder, the principal amount of
the Offered Security the holder delivered for purchase and a statement that such holder is withdrawing its election to have such Offered Security purchased; 
 (I) that holders whose Offered Securities are purchased only in part shall be issued new Securities equal in principal amount to the unpurchased portion of the Securities surrendered (or transferred by
book-entry transfer); and 
 (J) the CUSIP number, if any, printed on the Offered Securities being repurchased
and that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or printed on the Offered Securities. 
 (c) The Company will not be required to make a Change of Control Offer if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for such an offer
made by the Company and such third party purchases all Offered Securities properly tendered and not withdrawn under its offer. 

(d) The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations
thereunder to the extent such laws and regulations are applicable in connection with the repurchase of Offered Securities pursuant to a Change of Control Offer. To the extent that any securities laws or regulations conflict with the provisions of
this Section 1.4(3), the Company shall comply with the applicable securities laws and regulations and shall be deemed not to have breached its obligations under this Section 1.4(3) by virtue thereof. 

Section 1.5. Additional Event of Default. 
 The following additional event shall be established and shall constitute an “Event of Default” under Section 6.01(a) of the Base Indenture with respect to the Offered Securities so long as
any of the Offered Securities remain Outstanding: 
 (9) an event of default shall occur and be continuing with respect to the Company’s or
any Guarantor’s Indebtedness for borrowed money (other than Non-Recourse Indebtedness) under any indenture or other instrument evidencing or under which the Company or any Guarantor 

  
 13 

 
shall have a principal amount outstanding (such amount with respect to original issue discount bonds or zero coupon notes, bonds or debentures or similar securities based on the accreted amount
determined in accordance with GAAP and as of the date of the most recently prepared consolidated balance sheet of the Company or any Guarantor, as the case may be) in excess of $100,000,000, and such event of default shall involve the failure to pay
the principal of such Indebtedness on the final maturity date thereof after the expiration of any applicable grace period with respect thereto, or such Indebtedness shall have been accelerated so that the same shall have become due and payable prior
to the date on which the same would otherwise have become due and payable, and such acceleration shall not be rescinded or annulled within ten Business Days after notice thereof shall have been given to the Company and the Guarantors by the Trustee,
or to the Company, the Guarantors and the Trustee by the holders of at least 25% in aggregate principal amount of the Outstanding Securities of all series affected thereby; provided that, if such event of default under such indenture or instrument
shall be remedied or cured by the Company or such Guarantor or waived by the requisite holders of such Indebtedness, then the Event of Default hereunder by reason thereof shall be deemed likewise to have been thereupon remedied, cured or waived
without further action upon the part of either the Trustee or any of the holders, and provided further, however, that subject to the provisions of Sections 7.01 and 7.02, the Trustee shall not be charged with knowledge of any such event of
default unless written notice thereof shall have been given to the Trustee by the Company or any Guarantor, as the case may be, by the holder or an agent of the holder of any such Indebtedness, by the trustee then acting under any indenture or other
instrument under which such event of default shall have occurred, or by the holders of not less than 25% in the aggregate principal amount of Outstanding Securities of all series affected thereby. 

Section 1.6. Defeasance and Discharge of Obligations 
 With respect to a redemption of all of the Offered Securities pursuant to Section 1.3 hereof, notwithstanding the provisions of Section 11.03(c) of the Base Indenture, for purposes of
determining whether the Company has satisfied the condition set forth in clause (i) of such Section 11.03(c), the amount of funds or Governmental Obligations that the Company must irrevocably deposit or cause to be deposited in trust with
the Trustee shall be determined using an assumed Redemption Price calculated as of the date of deposit of such funds or Governmental Obligations in trust (and not, for the avoidance of doubt, the Redemption Date); provided that: 

(a) at the time of deposit of such funds or Governmental Obligations in trust, the funds or Governmental Obligations in
trust must be sufficient, as evidenced by a certificate of a reputable firm of certified independent accountants, investment bank or appraisal firm, to pay and discharge the principal, premium, if any, and accrued and unpaid interest on the Offered
Securities on the Redemption Date with an assumed Redemption Price calculated as of the date of deposit of such funds or Governmental Obligations in trust; and 
 (b) the Company must irrevocably deposit or cause to be deposited additional funds or Governmental Obligations in trust, as necessary, on the Redemption Date, as required by Section 1.3 hereof,
necessary to pay the Redemption Price as determined on such date. 

  
 14 

 ARTICLE II 
 MISCELLANEOUS 
 Section 2.1. Definitions. 

Capitalized terms used but not defined in this Seventh Supplemental Indenture shall have the meanings ascribed thereto in the Base
Indenture. 
 Section 2.2. Confirmation of Indenture. 
 The Base Indenture, as supplemented and amended by this Seventh Supplemental Indenture, is in all respects ratified and confirmed, and the Base Indenture, this Seventh Supplemental Indenture and all
indentures supplemental thereto shall be read, taken and construed as one and the same instrument. 
 Section 2.3. Concerning the
Trustee. 
 In carrying out the Trustee’s responsibilities hereunder, the Trustee shall have all of the rights,
protections and immunities which it possesses under the Indenture. The recitals contained herein and in the Offered Securities, except the Trustee’s certificate of authentication, shall be taken as the statements of the Company, and the Trustee
assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Seventh Supplemental Indenture or of the Offered Securities. The Trustee shall not be accountable for the use or
application by the Company of the Offered Securities or the proceeds thereof. 
 Section 2.4. Governing Law. 

This Seventh Supplemental Indenture and the Offered Securities shall be deemed to be a contract made under the internal laws of the State
of New York, and for all purposes shall be construed in accordance with the laws of said State without regard to conflicts of laws principles that would require the application of any other law. 

Section 2.5. Separability. 
 In case any provision in this Seventh Supplemental Indenture shall for any reason be held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions
shall not in any way be affected or impaired thereby. 
 Section 2.6. Counterparts. 

This Seventh Supplemental Indenture may be executed in any number of counterparts each of which shall be an original, but such
counterparts shall together constitute but one and the same instrument. 
 Section 2.7 No Benefit. 

Nothing in this Seventh Supplemental Indenture, express or implied, shall give to any Person other than the parties hereto and their
successors or assigns, and the holders of the Offered Securities, any benefit or legal or equitable rights, remedy or claim under this Seventh Supplemental Indenture or the Base Indenture. 

  
 15 

 Section 2.8 Additional Debt Securities. 

In accordance with Section 2.01 of the Base Indenture, the Company may from time to time, without giving notice to or seeking the
consent of the holders of any series of notes, issue debt securities having the same ranking and the same interest rate, maturity and other terms (except for the issue date, the public offering price and the first interest payment date) as, and
ranking equally and ratably with, any applicable series of Offered Securities. Any additional Securities having such similar terms, together with the Offered Securities of the applicable series, will constitute a single series of Securities under
the Indenture, including for purposes of voting and redemptions; provided that if the additional Securities are not fungible with the Offered Securities of the applicable series for U.S. federal income tax purposes, the additional Securities will
have a separate CUSIP number. No such additional Securities may be issued if an Event of Default has occurred and is continuing with respect to the applicable series of Offered Securities. 

  
 16 

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

			
	COVIDIEN INTERNATIONAL FINANCE S.A.
		
	 By:
	 	 /s/ Michelangelo Stefani

	Name:	 	Michelangelo Stefani
	Title:	 	Managing Director

  

			
	COVIDIEN PUBLIC LIMITED COMPANY
		
	By:	 	 /s/ Charles J. Dockendorff

	Name:	 	Charles J. Dockendorff
	Title:	 	 Executive Vice President and

Chief Financial Officer

  

			
	COVIDIEN LTD.
		
	By:	 	 /s/ Charles J. Dockendorff

	Name:	 	Charles J. Dockendorff
	Title:	 	 Executive Vice President and

Chief Financial Officer

  

					
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
	BY DEUTSCHE BANK NATIONAL TRUST COMPANY
		
	By:	 	 /s/ Irina Golovashchuk

		 	Name:	 	Irina Golovashchuk
		 	Title:	 	Vice President
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
	
	BY DEUTSCHE BANK NATIONAL TRUST COMPANY
		
	By:	 	 Kenneth R. Ring

		 	Name:	 	Kenneth R. Ring
		 	Title:	 	Vice President

 [Signature Page to Seventh Supplemental Indenture] 

 EXHIBIT A 
 FORM OF 2015 NOTES 
 THIS GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS
DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE ANY SUCH NOTATIONS
HEREON AS MAY BE REQUIRED PURSUANT TO THE INDENTURE, (II) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.05(C) OF THE INDENTURE, (III) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION
PURSUANT TO THE INDENTURE AND (IV) THIS GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR TO ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF ANY ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY
(AND ANY PAYMENT IS MADE TO SUCH ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF
HAS AN INTEREST HEREIN. 
 1.350% SENIOR NOTES DUE 2015 

 

			
	No. [    ]	 	$[            ]

 CUSIP No. 22303Q AM2 
 COVIDIEN INTERNATIONAL FINANCE S.A. 
 promises to pay to Cede & Co. or registered
assigns, the principal sum as set forth in the Schedule of Exchanges of Notes attached hereto on May 29, 2015. 
  

			
	Interest Payment Dates:	  	May 29 and November 29
		
	Record Dates:	  	May 15 and November 15

 Each holder of this Security (as defined below), by accepting the same, agrees to and shall be bound by
the provisions hereof and of the Indenture described herein, and authorizes and directs the Trustee described herein on such holder’s behalf to be bound by such provisions. Each holder of this Security hereby waives all notice of the acceptance
of the provisions contained herein and in the Indenture and waives reliance by such holder upon said provisions. 
 This
Security shall not be entitled to any benefit under the Indenture, or be valid or become obligatory for any purpose, until the Certificate of Authentication hereon shall have been signed by or on behalf of the Trustee. The provisions of this
Security are continued on the reverse side hereof, and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be signed in accordance with Section 2.04
of the Indenture. 
  

			
	COVIDIEN INTERNATIONAL FINANCE S.A.
	
	  

	 Name:
	 	Michelangelo Stefani
	 Title:
	 	Managing Director

 Dated: [            ], 2012 

CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
	
	BY DEUTSCHE BANK NATIONAL TRUST COMPANY
		
	By:	 	  

		 	Name:
		 	Title:
	
	Dated: [            ], 2012

 GUARANTEE 
 For value received, Covidien public limited company and Covidien Ltd., jointly and severally, hereby absolutely, unconditionally and irrevocably guarantee to the holder of the Security upon which this
Guarantee is set forth, the payment of principal of, premium, if any, and interest on, such Security in the amounts and at the time when due and payable whether by declaration thereof or otherwise, and interest on the overdue principal and interest,
if any, of such Security, if lawful, to the holder of such Security and the Trustee on behalf of the holders, all in accordance with and subject to the terms and limitations of such Security and Article XV of the Indenture. This Guarantee will not
become effective until the Trustee or Authenticating Agent duly executes the certificate of authentication on the Security upon which this Guarantee is set forth. This Guarantee shall be governed by and construed in accordance with the laws of the
State of New York, without regard to conflict of law principles thereof. 
 Dated:
[            ], 2012 
 GIVEN under the Company Seal 

of COVIDIEN PUBLIC LIMITED COMPANY 
 in the
presence of: 
  

			
	By:	 	  

	Name:	 	Charles J. Dockendorff
	Title:	 	Executive Vice President and Chief Financial Officer

  

			
	COVIDIEN LTD.
		
	By:	 	  

	Name:	 	Charles J. Dockendorff
	Title:	 	Executive Vice President and Chief Financial Officer

 [REVERSE OF NOTE] 

Covidien International Finance S.A. 
 1.350% Senior Notes due 2015 
 This security is one of a duly authorized series of debt
securities of Covidien International Finance S.A., a Luxembourg company (the “Company”), issued or to be issued in one or more series under and pursuant to an Indenture for the Company’s unsubordinated debt securities, dated as
of October 22, 2007 (as supplemented prior to the date of the Seventh Supplemental Indenture (as defined below), the “Base Indenture”), duly executed and delivered by and among the Company, Covidien public limited company
(“Covidien plc”), Covidien Ltd. (“Covidien Ltd.,” and together with Covidien plc, the “Guarantors”) and Deutsche Bank Trust Company Americas (the “Trustee”), as supplemented by the
Seventh Supplemental Indenture, dated as of May 30, 2012 (the “Seventh Supplemental Indenture”), by and among the Company, the Guarantors and the Trustee. The Base Indenture as supplemented by the Seventh Supplemental Indenture
is referred to herein as the “Indenture.” By the terms of the Base Indenture, the debt securities issuable thereunder are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects as
provided in the Base Indenture. This security is one of the series designated on the face hereof (individually, a “Security,” and collectively, the “Securities”), and reference is hereby made to the Indenture for a
description of the rights, limitations of rights, obligations, duties and immunities of the Trustee, the Company, the Guarantors and the holders of the Securities (the “Securityholders”). Capitalized terms used herein and not
otherwise defined shall have the meanings given them in the Base Indenture or the Seventh Supplemental Indenture, as applicable. 
 1. Interest. The Company promises to pay interest on the principal amount of this Security at an annual rate of 1.350%. The Company will pay interest semi-annually on May 29 and
November 29 of each year (each such day, an “Interest Payment Date”). If any Interest Payment Date, redemption date or maturity date of this Security is not a Business Day, then payment of interest or principal (and premium, if
any) shall be made on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, and no interest shall accrue for the period after such date to the date of such payment on the next succeeding
Business Day. Interest on the Securities will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid, from the date of issuance; provided that, if there is no existing Default in
the payment of interest, and if this Security is authenticated between a regular record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; and
provided, further, that the first Interest Payment Date shall be November 29, 2012. Interest will be calculated on the basis of a 360-day year of twelve 30-day months. In certain circumstances, liquidated damages may be payable as
provided in Section 6.01 of the Indenture. Any such liquidated damages shall be payable in the same manner and on the same dates as the stated interest payable on this Security. 

2. Method of Payment. The Company will pay interest on the Securities (except defaulted interest), if any, to the
persons in whose name such Securities are registered at the close of business on the regular record date referred to on the facing page of this Security for such interest installment. In the event that the Securities or a portion thereof are called
for redemption 

 
and the Redemption Date is subsequent to a regular record date with respect to any Interest Payment Date and prior to such Interest Payment Date, interest on such Securities will be paid upon
presentation and surrender of such Securities as provided in the Indenture. The principal of and the interest on the Securities shall be payable in the coin or currency of the United States of America that at the time is legal tender for public and
private debt, at the office or agency of the Company maintained for that purpose in accordance with the Indenture. 

3. Paying Agent and Registrar. Initially, Deutsche Bank Trust Company Americas, the Trustee, will act as paying agent
and Security Registrar. The Company may change or appoint any paying agent or Security Registrar without notice to any Securityholder. The Company, the Guarantors or any of their Subsidiaries may act in any such capacity. 

4. Indenture. The terms of the Securities include those stated in the Indenture and those made part of the Indenture by
reference to the Trust Indenture Act of 1939 (“TIA”) as in effect on the date the Indenture is qualified. The Securities are subject to all such terms, and Securityholders are referred to the Indenture and TIA for a statement of
such terms. The Securities are unsecured general obligations of the Company and constitute the series designated on the face hereof as the “1.350% Senior Notes due 2015”, initially limited to $600,000,000 in aggregate principal amount. The
Company will furnish to any Securityholder upon written request and without charge a copy of the Base Indenture and the Seventh Supplemental Indenture. Requests may be made to: Covidien International Finance S.A., 4th Floor, 3b bd Prince Henri,
L-1724 Luxembourg, Attention: The Managing Directors. 
 5. Optional Redemption. The Securities will be subject
to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized
denomination thereof), on written notice, sent by first class mail, to the Securityholders thereof not less than 30 days nor more than 60 days prior to the date fixed for redemption in such notice (the “Redemption Date”).

 The Securities will be redeemable at a Redemption Price equal to the greater of (i) 100% of the principal amount of the
Securities to be redeemed, and (ii) an amount, as determined by the Quotation Agent and delivered to the Trustee, equal to the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after
the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day
months) at the Adjusted Redemption Treasury Rate, plus 15 basis points, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. 
 The Securities are also subject to redemption to the extent provided in Article XIV of the Indenture. 
 If the giving of the notice of redemption is completed as provided in the Indenture, interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless
the Company shall default in the payment of such Redemption Price and accrued interest with respect to any such Security or portion thereof. 

 The Company shall not be required to make mandatory redemption or sinking fund payments with
respect to the Securities. 
 6. Change of Control Triggering Event. Upon the occurrence of a Change of Control
Triggering Event, unless the Company has exercised its right to redeem this Security, the Securityholder of this Security will have the right to require that the Company purchase all or a portion, in $1,000 increments (provided that any
remaining principal amount thereof shall be at least the minimum authorized denomination thereof), of this Security at a repurchase price equal to 101% of the principal amount hereof, plus accrued and unpaid interest, if any, to, but
excluding, the repurchase date. Within 30 days following the date upon which the Change of Control Triggering Event occurred, or at the Company’s option, prior to any Change of Control, but after the public announcement of the Change of
Control, the Company shall send, by first class mail, a notice to each Securityholder, with a copy to the Trustee, which notice shall govern the terms of the Change of Control Offer. 

7. Denominations, Transfer, Exchange. The Securities are in registered form without coupons in the denominations of
$2,000 or any integral multiple of $1,000 in excess thereof. The transfer of Securities may be registered and Securities may be exchanged as provided in the Indenture. The Securities may be presented for exchange or for registration of transfer
(duly endorsed or with the form of transfer endorsed thereon duly executed if so required by the Company or the Security Registrar) at the office of the Security Registrar or at the office of any transfer agent designated by the Company for such
purpose. No service charge will be made for any registration of transfer or exchange, but a Securityholder may be required to pay any applicable taxes or other governmental charges. If the Securities are to be redeemed, the Company will not be
required to: (i) issue, register the transfer of, or exchange any Securities during a period beginning at the opening of business 15 days before the day of mailing of a notice of redemption of less than all of the Outstanding Securities and
ending at the close of business on the day of such mailing; (ii) register the transfer of or exchange any Securities or portions thereof selected for redemption, in whole or in part, except the unredeemed portion of any such Security being
redeemed in part; nor (iii) register the transfer of or exchange a Security between the applicable record date and the next succeeding Interest Payment Date. 
 8. Persons Deemed Owners. The registered Securityholder shall be treated as its owner for all purposes. 
 9. Repayment to the Guarantors or the Company. Any funds or Governmental Obligations deposited with any paying agent or the Trustee, or then held by the Guarantors or the Company, in trust for
payment of principal of, premium, if any, or interest on the Securities that are not applied but remain unclaimed by the Securityholders for at least one year after the date upon which the principal of, premium, if any, or interest on the Securities
shall have respectively become due and payable, shall be repaid to the Guarantors or the Company, as applicable, or (if then held by the Guarantors or the Company) shall be discharged from such trust. After return to the Company or the Guarantors,
Securityholders entitled to the money or securities must look to the Company or the Guarantors, as applicable, for payment as unsecured general creditors. 
 10. Amendments, Supplements and Waivers. The Base Indenture contains provisions permitting the Company, the Guarantors and the Trustee, with the consent of the Securityholders of not less
than a majority in aggregate principal amount of the Outstanding Securities to enter 

 
into supplemental indentures for the purpose of adding, changing or eliminating any provisions to the Base Indenture or supplemental indenture or indentures or of modifying in any manner not
covered elsewhere in the Base Indenture the rights of the Securityholders; provided, however, that no such supplemental indenture, without the consent of the Securityholders of each Note then Outstanding and affected thereby, shall:
(i) extend a fixed maturity of or any installment of principal of the Securities or reduce the principal amount thereof, or reduce the amount of principal of any original issue discount security that would be due and payable upon declaration of
acceleration of the maturity thereof; (ii) reduce the rate of or extend the time for payment of interest of the Securities; (iii) reduce the premium payable upon the redemption of the Securities; (iv) make any Security payable in
Currency other than that stated in the Securities; (v) impair the right to institute suit for the enforcement of any payment on or after the fixed maturity thereof (or in the case or redemption, on or after the redemption date); or
(vi) reduce the percentage of the Securities, the Securityholders of which are required to consent to any such supplemental indenture or indentures. The Base Indenture also contains provisions permitting the Securityholders of not less than a
majority in aggregate principal amount of the Outstanding Securities, on behalf of all of the Securityholders, to waive any past Default under the Base Indenture, and its consequences, except a Default in the payment of the principal of, premium, if
any, or interest on any Security or a Default in respect of a covenant or provision of the Base Indenture that cannot be modified or amended without the consent of the holder of each Outstanding Security. Any such consent or waiver by the registered
Securityholder shall be conclusive and binding upon such Securityholder and upon all future Securityholders and owners of this Security and of any Securities issued in exchange for this Security or in place hereof (whether by registration of
transfer or otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Security. 

11. Defaults and Remedies. If an Event of Default with respect to the Securities occurs and is continuing, the Trustee
or the Securityholders of at least 25% in aggregate principal amount of the Securities then Outstanding, by notice in writing to the Company and the Guarantors (and to the Trustee if notice is given by such Securityholders), may declare the unpaid
principal of, premium, if any, and accrued interest, if any, due and payable immediately. Subject to the terms of the Indenture, if an Event of Default under the Indenture shall occur and be continuing, the Trustee will be under no obligation to
exercise any of its rights or powers under the Indenture at the request or direction of any of the Securityholders, unless such Securityholders have offered the Trustee indemnity satisfactory to it. Upon satisfaction of certain conditions set forth
in the Indenture, the Securityholders of a majority in principal amount of the Outstanding Securities will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any
trust or power conferred on the Trustee, with respect to the Securities. 
 12. Trustee, Paying Agent and Security Registrar
May Hold Securities. The Trustee, subject to certain limitations imposed by the TIA, or any paying agent or Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would
have if it were not Trustee, paying agent or Security Registrar. 
 13. No Recourse Against Others. No recourse
under or upon any obligation, covenant or agreement of the Indenture, or of any Security, or for any claim based thereon or otherwise in respect hereof or thereof, shall be had against any incorporator, stockholder, officer or director,

 
past, present or future as such, of the Guarantors or the Company or of any predecessor or successor corporation, either directly or through the Guarantors or the Company or any such predecessor
or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that the Indenture and the obligations issued hereunder and
thereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, shareholders, officers or directors as such, of the Guarantors or the Company or of any
predecessor or successor corporation, or any of them, because of the creation of the indebtedness authorized by the Indenture, or under or by reason of the obligations, covenants or agreements contained in the Indenture or in the Securities or
implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, shareholder,
officer or director as such, because of the creation of the indebtedness authorized by the Indenture, or under or by reason of the obligations, covenants or agreements contained in the Indenture or in the Securities or implied therefrom, are hereby
expressly waived and released as a condition of, and as a consideration for, the acceptance of the Securities. 

14. Discharge of Indenture. The Indenture contains certain provisions pertaining to defeasance, which provisions shall
for all purposes have the same effect as if set forth herein. 
 15. Authentication. This Security shall not be
valid until the Trustee signs the certificate of authentication attached to the other side of this Security. 
 16.
Guarantees. All payments by the Company under the Indenture and this Note are fully and unconditionally guaranteed to the Securityholder of this Security, jointly and severally, by the Guarantors, as provided in the related Guarantee and the
Indenture. 
 17. Additional Amounts. The Company and the Guarantors are obligated to pay Additional Amounts on this Note
to the extent provided in Article XIV of the Indenture. 
 18. Abbreviations. Customary abbreviations may be
used in the name of a Securityholder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (=
Uniform Gifts to Minors Act). 
 19. Governing Law. The Base Indenture, the Seventh Supplemental Indenture and
this Security (and the Guarantee hereon) shall be deemed to be a contract made under the internal laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State. 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: (I) or (we) assign and transfer this Security to 

 

	
	  
	   

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

	
	  
	   

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

			
	and irrevocably appoint	 	  

	agent to transfer this Security on the books of the Company. The agent may substitute another to act for him.

 Date:
                      
  

					
	Your Signature:	 	  
	 	
	(Sign exactly as your name appears on the face of this Security)	 	
			
	Signature Guarantee:	 	  
	 	

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security purchased by the Company pursuant to Section 1.4(3) of the Seventh Supplemental
Indenture, check the box: 
  

			
	 ̈	  	 1.4(3) Change of Control Triggering Event

 If you want to elect to have only part of this Security purchased by the Company pursuant to
Section 1.4(3) of the Seventh Supplemental Indenture, state the amount: $        . 
  

									
	Date:	 	  
	 		  	Your Signature:	 	  

		 		 		  	(Sign exactly as your name appears on the other side of the Security)

 Tax I.D. number 
  

			
	Signature Guarantee:	 	  

		 	(Signature must be guaranteed by a participant in a recognized signature guarantee medallion program)

 SCHEDULE OF EXCHANGES OF NOTES 

The following exchanges of a part of this Global Note for Definitive Notes or a part of another Global Note have been made: 

 

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

 EXHIBIT B 
 FORM OF 2022 NOTES 
 THIS GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS
DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE ANY SUCH NOTATIONS
HEREON AS MAY BE REQUIRED PURSUANT TO THE INDENTURE, (II) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.05(C) OF THE INDENTURE, (III) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION
PURSUANT TO THE INDENTURE AND (IV) THIS GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR TO ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF ANY ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY
(AND ANY PAYMENT IS MADE TO SUCH ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF
HAS AN INTEREST HEREIN. 
 3.200% SENIOR NOTES DUE 2022 

 

			
		
	No. [    ]	  	$[                    ]

 CUSIP No. 22303Q AN0 
 COVIDIEN INTERNATIONAL FINANCE S.A. 
 promises to pay to Cede & Co. or registered
assigns, the principal sum as set forth in the Schedule of Exchanges of Notes attached hereto on June 15, 2022. 
  

			
	Interest Payment Dates:	    	June 15 and December 15
		
	Record Dates:	    	June 1 and December 1

 Each holder of this Security (as defined below), by accepting the same, agrees to and shall be bound by
the provisions hereof and of the Indenture described herein, and authorizes and directs the Trustee described herein on such holder’s behalf to be bound by such provisions. Each holder of this Security hereby waives all notice of the acceptance
of the provisions contained herein and in the Indenture and waives reliance by such holder upon said provisions. 
 This
Security shall not be entitled to any benefit under the Indenture, or be valid or become obligatory for any purpose, until the Certificate of Authentication hereon shall have been signed by or on behalf of the Trustee. The provisions of this
Security are continued on the reverse side hereof, and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be signed in accordance with Section 2.04
of the Indenture. 
  

			
	COVIDIEN INTERNATIONAL FINANCE S.A.
	
	  

	Name:	 	Michelangelo Stefani
	Title:	 	Managing Director

 CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

					
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
	
	BY    DEUTSCHE BANK NATIONAL TRUST COMPANY
		
		 	  

	By:	 	Authorized Signatory
	
	Dated: [            ], 20[    ]

 GUARANTEE 
 For value received, Covidien public limited company and Covidien Ltd., jointly and severally, hereby absolutely, unconditionally and irrevocably guarantee to the holder of the Security upon which this
Guarantee is set forth, the payment of principal of, premium, if any, and interest on, such Security in the amounts and at the time when due and payable whether by declaration thereof or otherwise, and interest on the overdue principal and interest,
if any, of such Security, if lawful, to the holder of such Security and the Trustee on behalf of the holders, all in accordance with and subject to the terms and limitations of such Security and Article XV of the Indenture. This Guarantee will not
become effective until the Trustee or Authenticating Agent duly executes the certificate of authentication on the Security upon which this Guarantee is set forth. This Guarantee shall be governed by and construed in accordance with the laws of the
State of New York, without regard to conflict of law principles thereof. 
 Dated:
[            ], 20[    ] 
 GIVEN under the Company Seal

 of COVIDIEN PUBLIC LIMITED COMPANY 

in the presence of: 
  

			
	By:	 	  

	Name:	 	Charles J. Dockendorff
	Title:	 	 Executive Vice President and

Chief Financial Officer

  

			
	COVIDIEN LTD.
		
	By:	 	  

	Name:	 	Charles J. Dockendorff
	Title:	 	 Executive Vice President and

Chief Financial Officer

 [REVERSE OF NOTE] 

Covidien International Finance S.A. 
 3.200% Senior Notes due 2022 
 This security is one of a duly authorized series of debt
securities of Covidien International Finance S.A., a Luxembourg company (the “Company”), issued or to be issued in one or more series under and pursuant to an Indenture for the Company’s unsubordinated debt securities, dated as
of October 22, 2007 (as supplemented prior to the date of the Seventh Supplemental Indenture (as defined below), the “Base Indenture”), duly executed and delivered by and among the Company, Covidien public limited company
(“Covidien plc”), Covidien Ltd. (“Covidien Ltd.,” and together with Covidien plc, the “Guarantors”) and Deutsche Bank Trust Company Americas (the “Trustee”), as supplemented by the
Seventh Supplemental Indenture, dated as of May 30, 2012 (the “Seventh Supplemental Indenture”), by and among the Company, the Guarantors and the Trustee. The Base Indenture as supplemented by the Seventh Supplemental Indenture
is referred to herein as the “Indenture.” By the terms of the Base Indenture, the debt securities issuable thereunder are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects as
provided in the Base Indenture. This security is one of the series designated on the face hereof (individually, a “Security,” and collectively, the “Securities”), and reference is hereby made to the Indenture for a
description of the rights, limitations of rights, obligations, duties and immunities of the Trustee, the Company, the Guarantors and the holders of the Securities (the “Securityholders”). Capitalized terms used herein and not
otherwise defined shall have the meanings given them in the Base Indenture or the Seventh Supplemental Indenture, as applicable. 
 1. Interest. The Company promises to pay interest on the principal amount of this Security at an annual rate of 3.200%. The Company will pay interest semi-annually on June 15 and
December 15 of each year (each such day, an “Interest Payment Date”). If any Interest Payment Date, redemption date or maturity date of this Security is not a Business Day, then payment of interest or principal (and premium, if
any) shall be made on the next succeeding Business Day with the same force and effect as if made on the date such payment was due, and no interest shall accrue for the period after such date to the date of such payment on the next succeeding
Business Day. Interest on the Securities will accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid, from the date of issuance; provided that, if there is no existing Default in
the payment of interest, and if this Security is authenticated between a regular record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; and
provided, further, that the first Interest Payment Date shall be December 15, 2012. Interest will be calculated on the basis of a 360-day year of twelve 30-day months. In certain circumstances, liquidated damages may be payable as
provided in Section 6.01 of the Indenture. Any such liquidated damages shall be payable in the same manner and on the same dates as the stated interest payable on this Security. 

2. Method of Payment. The Company will pay interest on the Securities (except defaulted interest), if any, to the
persons in whose name such Securities are registered at the close of business on the regular record date referred to on the facing page of this Security for such interest installment. In the event that the Securities or a portion thereof are called
for redemption 

 
and the Redemption Date is subsequent to a regular record date with respect to any Interest Payment Date and prior to such Interest Payment Date, interest on such Securities will be paid upon
presentation and surrender of such Securities as provided in the Indenture. The principal of and the interest on the Securities shall be payable in the coin or currency of the United States of America that at the time is legal tender for public and
private debt, at the office or agency of the Company maintained for that purpose in accordance with the Indenture. 

3. Paying Agent and Registrar. Initially, Deutsche Bank Trust Company Americas, the Trustee, will act as paying agent
and Security Registrar. The Company may change or appoint any paying agent or Security Registrar without notice to any Securityholder. The Company, the Guarantors or any of their Subsidiaries may act in any such capacity. 

4. Indenture. The terms of the Securities include those stated in the Indenture and those made part of the Indenture by
reference to the Trust Indenture Act of 1939 (“TIA”) as in effect on the date the Indenture is qualified. The Securities are subject to all such terms, and Securityholders are referred to the Indenture and TIA for a statement of
such terms. The Securities are unsecured general obligations of the Company and constitute the series designated on the face hereof as the “3.200% Senior Notes due 2022”, initially limited to $650,000,000 in aggregate principal amount. The
Company will furnish to any Securityholder upon written request and without charge a copy of the Base Indenture and the Seventh Supplemental Indenture. Requests may be made to: Covidien International Finance S.A., 4th Floor, 3b bd Prince Henri,
L-1724 Luxembourg, Attention: The Managing Directors. 
 5. Optional Redemption. The Securities will be subject
to redemption at the option of the Company on any date prior to the maturity date, in whole or from time to time in part, in $1,000 increments (provided that any remaining principal amount thereof shall be at least the minimum authorized
denomination thereof), on written notice, sent by first class mail, to the Securityholders thereof not less than 30 days nor more than 60 days prior to the date fixed for redemption in such notice (the “Redemption Date”).

 The Securities will be redeemable at a Redemption Price equal to the greater of (i) 100% of the principal amount of the
Securities to be redeemed, and (ii) an amount, as determined by the Quotation Agent and delivered to the Trustee, equal to the sum of the present values of the remaining scheduled payments of principal and interest thereon due on any date after
the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day year consisting of twelve 30-day
months) at the Adjusted Redemption Treasury Rate, plus 25 basis points, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. 
 Notwithstanding the immediately preceding paragraph, the Securities will be redeemable on or after March 15, 2022 at a Redemption Price equal to 100% of the principal amount of the Securities to be
redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. 
 The Securities are also
subject to redemption to the extent provided in Article XIV of the Indenture. 

 If the giving of the notice of redemption is completed as provided in the Indenture,
interest on such Securities or portions of Securities shall cease to accrue on and after the Redemption Date, unless the Company shall default in the payment of such Redemption Price and accrued interest with respect to any such Security or portion
thereof. 
 The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the
Securities. 
 6. Change of Control Triggering Event. Upon the occurrence of a Change of Control Triggering Event,
unless the Company has exercised its right to redeem this Security, the Securityholder of this Security will have the right to require that the Company purchase all or a portion, in $1,000 increments (provided that any remaining principal
amount thereof shall be at least the minimum authorized denomination thereof), of this Security at a repurchase price equal to 101% of the principal amount hereof, plus accrued and unpaid interest, if any, to, but excluding, the repurchase
date. Within 30 days following the date upon which the Change of Control Triggering Event occurred, or at the Company’s option, prior to any Change of Control, but after the public announcement of the Change of Control, the Company shall send,
by first class mail, a notice to each Securityholder, with a copy to the Trustee, which notice shall govern the terms of the Change of Control Offer. 
 7. Denominations, Transfer, Exchange. The Securities are in registered form without coupons in the denominations of $2,000 or any integral multiple of $1,000 in excess thereof. The
transfer of Securities may be registered and Securities may be exchanged as provided in the Indenture. The Securities may be presented for exchange or for registration of transfer (duly endorsed or with the form of transfer endorsed thereon duly
executed if so required by the Company or the Security Registrar) at the office of the Security Registrar or at the office of any transfer agent designated by the Company for such purpose. No service charge will be made for any registration of
transfer or exchange, but a Securityholder may be required to pay any applicable taxes or other governmental charges. If the Securities are to be redeemed, the Company will not be required to: (i) issue, register the transfer of, or exchange
any Securities during a period beginning at the opening of business 15 days before the day of mailing of a notice of redemption of less than all of the Outstanding Securities and ending at the close of business on the day of such mailing;
(ii) register the transfer of or exchange any Securities or portions thereof selected for redemption, in whole or in part, except the unredeemed portion of any such Security being redeemed in part; nor (iii) register the transfer of or
exchange a Security between the applicable record date and the next succeeding Interest Payment Date. 
 8. Persons
Deemed Owners. The registered Securityholder shall be treated as its owner for all purposes. 
 9. Repayment to the
Guarantors or the Company. Any funds or Governmental Obligations deposited with any paying agent or the Trustee, or then held by the Guarantors or the Company, in trust for payment of principal of, premium, if any, or interest on the Securities
that are not applied but remain unclaimed by the Securityholders for at least one year after the date upon which the principal of, premium, if any, or interest on the Securities shall have respectively become due and payable, shall be repaid to the
Guarantors or the Company, as applicable, or (if then held by the Guarantors or the Company) shall be discharged from such trust. After return to the Company or the Guarantors, Securityholders entitled to the money or securities must look to the
Company or the Guarantors, as applicable, for payment as unsecured general creditors. 

 10. Amendments, Supplements and Waivers. The Base Indenture contains
provisions permitting the Company, the Guarantors and the Trustee, with the consent of the Securityholders of not less than a majority in aggregate principal amount of the Outstanding Securities to enter into supplemental indentures for the purpose
of adding, changing or eliminating any provisions to the Base Indenture or supplemental indenture or indentures or of modifying in any manner not covered elsewhere in the Base Indenture the rights of the Securityholders; provided,
however, that no such supplemental indenture, without the consent of the Securityholders of each Security then Outstanding and affected thereby, shall: (i) extend a fixed maturity of or any installment of principal of the Securities or
reduce the principal amount thereof, or reduce the amount of principal of any original issue discount security that would be due and payable upon declaration of acceleration of the maturity thereof; (ii) reduce the rate of or extend the time
for payment of interest of the Securities; (iii) reduce the premium payable upon the redemption of the Securities; (iv) make any Security payable in Currency other than that stated in the Securities; (v) impair the right to institute
suit for the enforcement of any payment on or after the fixed maturity thereof (or in the case or redemption, on or after the redemption date); or (vi) reduce the percentage of the Securities, the Securityholders of which are required to
consent to any such supplemental indenture or indentures. The Base Indenture also contains provisions permitting the Securityholders of not less than a majority in aggregate principal amount of the Outstanding Securities, on behalf of all of the
Securityholders, to waive any past Default under the Base Indenture, and its consequences, except a Default in the payment of the principal of, premium, if any, or interest on any Security or a Default in respect of a covenant or provision of the
Base Indenture that cannot be modified or amended without the consent of the holder of each Outstanding Security. Any such consent or waiver by the registered Securityholder shall be conclusive and binding upon such Securityholder and upon all
future Securityholders and owners of this Security and of any Securities issued in exchange for this Security or in place hereof (whether by registration of transfer or otherwise), irrespective of whether or not any notation of such consent or
waiver is made upon this Security. 
 11. Defaults and Remedies. If an Event of Default with respect to the
Securities occurs and is continuing, the Trustee or the Securityholders of at least 25% in aggregate principal amount of the Securities then Outstanding, by notice in writing to the Company and the Guarantors (and to the Trustee if notice is given
by such Securityholders), may declare the unpaid principal of, premium, if any, and accrued interest, if any, due and payable immediately. Subject to the terms of the Indenture, if an Event of Default under the Indenture shall occur and be
continuing, the Trustee will be under no obligation to exercise any of its rights or powers under the Indenture at the request or direction of any of the Securityholders, unless such Securityholders have offered the Trustee indemnity satisfactory to
it. Upon satisfaction of certain conditions set forth in the Indenture, the Securityholders of a majority in principal amount of the Outstanding Securities will have the right to direct the time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities. 

12. Trustee, Paying Agent and Security Registrar May Hold Securities. The Trustee, subject to certain limitations imposed by the
TIA, or any paying agent or Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee, paying agent or Security Registrar. 

 13. No Recourse Against Others. No recourse under or upon any obligation,
covenant or agreement of the Indenture, or of any Security, or for any claim based thereon or otherwise in respect hereof or thereof, shall be had against any incorporator, stockholder, officer or director, past, present or future as such, of the
Guarantors or the Company or of any predecessor or successor corporation, either directly or through the Guarantors or the Company or any such predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by
the enforcement of any assessment or penalty or otherwise; it being expressly understood that the Indenture and the obligations issued hereunder and thereunder are solely corporate obligations, and that no such personal liability whatever shall
attach to, or is or shall be incurred by, the incorporators, shareholders, officers or directors as such, of the Guarantors or the Company or of any predecessor or successor corporation, or any of them, because of the creation of the indebtedness
authorized by the Indenture, or under or by reason of the obligations, covenants or agreements contained in the Indenture or in the Securities or implied therefrom; and that any and all such personal liability of every name and nature, either at
common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, shareholder, officer or director as such, because of the creation of the indebtedness authorized by the Indenture, or
under or by reason of the obligations, covenants or agreements contained in the Indenture or in the Securities or implied therefrom, are hereby expressly waived and released as a condition of, and as a consideration for, the acceptance of the
Securities. 
 14. Discharge of Indenture. The Indenture contains certain provisions pertaining to defeasance,
which provisions shall for all purposes have the same effect as if set forth herein. 

15. Authentication. This Security shall not be valid until the Trustee signs the certificate of authentication attached
to the other side of this Security 
 16. Guarantees. All payments by the Company under the Indenture and this Security
are fully and unconditionally guaranteed to the Securityholder of this Security, jointly and severally, by the Guarantors, as provided in the related Guarantee and the Indenture. 

17. Additional Amounts. The Company and the Guarantors are obligated to pay Additional Amounts on this Security to the extent
provided in Article XIV of the Indenture. 
 18. Abbreviations. Customary abbreviations may be used in the name
of a Securityholder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to
Minors Act). 
 19. Governing Law. The Base Indenture, the Seventh Supplemental Indenture and this Security
(and the Guarantee hereon) shall be deemed to be a contract made under the internal laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State. 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: (I) or (we) assign and transfer this Security to 

 

	
	  
	   

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

	
	  
	   

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

			
	and irrevocably appoint	 	  

	agent to transfer this Security on the books of the Company. The agent may substitute another to act for him.

 Date:
                     
  

					
	Your Signature:	 	  
	 	
	
(Sign exactly as your name appears on the face of this Security)
	 	
			
	Signature Guarantee:	 	  
	 	

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security purchased by the Company pursuant to Section 1.4(3) of the Seventh Supplemental
Indenture, check the box: 
  

			
	 ̈	  	 1.4(3) Change of Control Triggering Event

 If you want to elect to have only part of this Security purchased by the Company pursuant to
Section 1.4(3) of the Seventh Supplemental Indenture, state the amount: $        . 
  

									
	Date:	 	  
	 		  	Your Signature:	 	  

		 		 		  	(Sign exactly as your name appears on the other side of the Security)

 Tax I.D. number 
  

			
	Signature Guarantee:	 	  

		 	(Signature must be guaranteed by a participant in a recognized signature guarantee medallion program)

 SCHEDULE OF EXCHANGES OF NOTES 

The following exchanges of a part of this Global Note for Definitive Notes or a part of another Global Note have been made: 

 

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

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