Document:

EX-4.1

 Exhibit 4.1 

December 18, 2014 
 Officer’s
Certificate 
 5.250% Senior Notes due 2020 

Officer’s Certificate under Section 2.01 of the Indenture 

Pursuant to Article II of the Indenture, dated as of March 19, 2014 (as it may be amended or supplemented, the “Indenture”),
between The ADT Corporation (the “Company”) and Wells Fargo Bank, National Association as trustee (the “Trustee”) and the Board Resolutions dated as of September 19, 2014 and November 11, 2013, of which
copies certified by the Secretary or an Assistant Secretary of the Company are being delivered herewith under Section 2.01 of the Indenture, 

A. The Company’s 5.250% Senior Notes due 2020 (the “Notes”) are hereby established. The Notes shall be in substantially the form
attached hereto as Annex 1. 
 B. The Notes will be general unsecured and unsubordinated obligations of the Company and will be ranked equally among
all of the Company’s other existing and future unsecured and unsubordinated debt. 
 C. The terms and characteristics of the Notes shall be as follows
and as shall be set forth in the form of Note attached hereto as Annex 1: 
 (1) The Notes constitute a series of securities having the
title “5.250% Senior Notes due 2020”; 
 (2) The initial aggregate principal amount of the Notes that may be authenticated and
delivered under the Indenture (except for Notes authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Notes pursuant to Section 2.05, 2.06, 2.07, 2.11 or 3.03) is $300,000,000; 

(3) The entire Outstanding principal of the Notes shall be payable on March 15, 2020; 

(4) The rate at which the Notes shall bear interest shall be 5.250% per year. The basis upon which interest shall be calculated shall be
that of a 360-day year consisting of twelve 30-day months. 
 (5) The date from which interest shall accrue on the Notes shall be
December 18, 2014, or the most recent Interest Payment Date to which interest has been paid or provided for. The Interest Payment Dates for the Notes shall be March 15 and September 15 of each year, beginning March 15, 2015.
Interest shall be payable on each Interest Payment Date to the Holders of record at the close of business on the March 1 and September 1 prior to each Interest Payment Date (a “regular record date”); 

 (6) (a) The Notes will be subject to redemption at the Company’s option on any date (a
“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).
The Notes will be redeemable at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Company in writing, 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 50 basis points, plus accrued and unpaid interest, if any, thereon to the Redemption
Date. 
 (b) As used herein: 

“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. 
 “Comparable
Redemption Treasury Issue” means the United States Treasury security selected by the Quotation Agent as being the most recently issued United States Treasury note or bond as displayed by Bloomberg LP (or any successor service) on screens
PX1 through PX8 (or any other screens as may replace such screens on such service) that has a remaining term comparable to the remaining term of the Notes to be redeemed. 

“Comparable Redemption Treasury Price”, with respect to any Redemption Date, means (i) 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 (ii) if the Quotation Agent obtains fewer than four such Redemption Reference Treasury Dealer Quotations, the average of all such Redemption Reference Treasury Dealer Quotations. 

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

“Redemption Reference Treasury Dealer” means four primary U.S. Government securities dealers in the United
States selected by the Company. 

  
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 “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; 

Except as provided herein, in Section 9 below and in Article XI of the Indenture, the Notes shall not be subject to redemption, repurchase
or repayment at the option of any Holder thereof, upon the occurrence of any particular circumstances or otherwise. The Notes will not have the benefit of any sinking fund. 

(7) The Notes shall be substantially in the form attached hereto as Annex 1 the terms of which are herein incorporated by reference;

 (8) The Notes shall be issuable in denominations of $2,000 or any integral multiple of $1,000 in excess thereof; 

(9) Change of Control Triggering Event: 

(a) If a Change of Control Triggering Event occurs, unless the Company has exercised its option to redeem the Notes, it shall
be required to make an offer (a “Change of Control Offer”) to each Holder of the Notes to repurchase, at the Holder’s election, all or any part (equal to $1,000 or an integral multiple of $1,000 in excess thereof) of that
Holder’s Notes on the terms set forth herein. In a Change of Control Offer, the Company shall be required to offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest, if any,
on the Notes repurchased to the date of repurchase (a “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event or, at the Company’s option, prior to any Change of Control, but after public
announcement of the transaction that constitutes or may constitute the Change of Control, a written notice shall be sent to the Trustee and to the Holders of the Notes describing in reasonable detail the transaction that constitutes or may
constitute the Change of Control Triggering Event and offering to repurchase such Notes on the date specified in the notice, which date shall be no earlier than 30 days and no later than 60 days from the date such notice is sent (a “Change
of Control Payment Date”). The notice shall, if sent prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Triggering Event occurring on or prior to the Change
of Control Payment Date. 
 (b) In order to accept the Change of Control Offer, the Holder must deliver (or otherwise comply
with alternative instructions in accordance with the procedures of the Depositary) to the paying agent, at least five Business Days prior to the Change of Control Payment Date, its Note together with the form entitled “Election Form”
(which form is contained in the form of note attached hereto as Exhibit A) duly completed, or a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange or the Financial Industry Regulatory
Authority, Inc., or a commercial bank or trust company in the United States setting forth: 
 (i) the name of the Holder of
such Note; 

  
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 (ii) the principal amount of such Note; 

(iii) the principal amount of such Note to be repurchased; 

(iv) the certificate number or a description of the tenor and terms of such Note; 

(v) a statement that the Holder is accepting the Change of Control Offer; and 

(vi) a guarantee that such Note, together with the form entitled “Election Form” duly completed, will be received by
the paying agent at least five Business Days prior to the Change of Control Payment Date. 
 (c) Any exercise by a Holder of
its election to accept the Change of Control Offer shall be irrevocable. The Change of Control Offer may be accepted for less than the entire principal amount of a Note, but in that event the principal amount of such Note remaining outstanding after
repurchase must be equal to $2,000 or an integral multiple of $1,000 in excess thereof. 
 (d) On the Change of Control
Payment Date, the Company shall, to the extent lawful: 
 (i) accept for payment all Notes or portions of such Notes properly
tendered pursuant to the Change of Control Offer; 
 (ii) deposit with the paying agent an amount equal to the Change of
Control Payment in respect of all Notes or portions of Notes properly tendered; and 
 (iii) deliver or cause to be delivered
to the Trustee the Notes properly accepted together with an Officer’s Certificate stating the aggregate principal amount of Notes or portions of Notes being repurchased. 

(e) The Company shall not be required to make a Change of Control Offer upon the occurrence of a Change of Control Triggering
Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and the third party purchases all Notes properly tendered and not withdrawn under its offer. In
addition, the Company shall not repurchase any Notes if there has occurred and is continuing on the Change of Control Payment Date an Event of Default under the Indenture, other than a default in the payment of the Change of Control Payment upon a
Change of Control Triggering Event. 
 (f) The Company shall comply with the requirements of Rule 14e-1 under the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder to the extent those laws and regulations are 

  
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applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any such securities laws or regulations
conflict with this Section 9, the Company shall comply with those securities laws and regulations and shall not be deemed to have breached its obligations under this Section 9 by virtue of any compliance with such laws or regulations; 

(10) The Notes shall be issuable in whole in the registered form of one or more Global Securities, and the Depository for such Global
Securities shall be The Depository Trust Company, New York, New York; 
 (11) The Notes are not convertible into shares of common stock or
other securities of the Company; 
 (12) The Notes will not be issued with guarantees; 

(13) The following additional covenants shall apply with respect to the Notes so long as any of the Notes remain Outstanding (but subject to
defeasance, as provided in the Indenture): 
 (a) 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 Notes (together with, if the Company shall so determine, any other Indebtedness of the Company ranking equally with the Notes, 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: 
 (i) liens
existing on the date the Notes are first issued; 
 (ii) 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; 

(iii) 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;

  
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 (iv) 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 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 accessions thereto
and improvements and replacements thereof and the proceeds of the foregoing); 
 (v) liens securing Indebtedness owing by any
Restricted Subsidiary to the Company or a Subsidiary thereof; 
 (vi) 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); 

(vii) 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; 
 (viii)
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

  
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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; 
 (ix) 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 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; 
 (x) 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; 

(xi) liens not permitted by the foregoing clauses (i) to (x), 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 (i)
through (x), inclusive, together with the Attributable Debt in respect of Sale and Lease-Back Transactions permitted by paragraph (i) under subsection (b) below, do not exceed the greater of $100,000,000 or 10% of Consolidated Net Worth;
and 
 (xii) 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 (i) to (xii), inclusive; provided, however, that the principal amount of Indebtedness secured thereby unless otherwise excepted under clauses (i) through (xi) 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 replacements therefor) that secured the lien
so extended, renewed or replaced (plus improvements and construction on real property). 
 (b) Limitation on Sale and
Lease-Back Transactions. The Company will not, and will not permit any Restricted Subsidiary to, enter into any Sale and Lease-Back Transaction unless: 

(i) 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 Notes pursuant
to Section 13(a) above; or 

  
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 (ii) 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 Notes, or of Funded Indebtedness of the Company or a consolidated Subsidiary ranking on a parity with or senior to the Notes; provided that there shall be credited to the amount of net
proceeds required to be applied pursuant to this clause (b)(ii) an amount equal to the sum of (x) the principal amount of Notes delivered within 180 days of the effective date of such Sale and Lease-Back Transaction to the Trustee for
cancellation and (y) the principal amount of other Funded Indebtedness voluntarily retired by the Company within such 180-day period, excluding retirements of Notes and other Funded Indebtedness as a result of conversions or pursuant to
mandatory sinking fund or mandatory prepayment provisions. 
 (14) The Notes will be Unrestricted Securities under the Indenture; 

(15) Additional Terms 

(a) Additional Events of Default: Each of the following additional events shall be established and shall constitute an
“Event of Default” under Section 6.01(a) of the Indenture with respect to the Notes so long as any of the Notes remain Outstanding: 

“(8) an event of default shall happen and be continuing with respect to the Company’s Indebtedness for borrowed money (other than
Non-Recourse Indebtedness) under any indenture or other instrument evidencing or under which the Company 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 United States generally accepted accounting principles and as of the date of the most recently prepared consolidated balance sheet of the Company) 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 by the trustee to the Company or by the holders of at least 25% in aggregate principal amount of outstanding securities of such series to the Trustee and the Company; provided however that: 

(i) if such event of default under such indenture or instrument shall be remedied or cured by the Company 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 Securityholders; and 

  
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 (ii) subject to the provisions of Sections 7.01 and 7.02 of the Indenture, the Trustee shall
not be charged with knowledge of any such event of default unless written notice thereof shall have been given to a Responsible Officer of the Trustee by the Company, 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 default shall have occurred, or by the Holders of not less than 25% in the aggregate principal amount of Outstanding Securities of such series.” 

(b) Additional Defined Terms: As used herein, the following defined terms shall have the following meanings with respect
to the Notes only: 
 “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 or additional rental, 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. 

“Change of Control” means the occurrence of any of the following: (1) the direct or indirect sale, lease,
transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or more series of related transactions, of all or substantially all of the assets of the Company and its subsidiaries, taken as a whole, to any person
other than the Company or a direct or indirect wholly-owned subsidiary of the Company; (2) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any person 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 Company’s outstanding Voting Stock or other Voting Stock into which the Company’s Voting Stock
is reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; (3) the Company consolidates with, or merges with or into, any person, or any person consolidates with, or merges with or into, the
Company, in any such event pursuant to a transaction in which 

  
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any of the Company’s outstanding Voting Stock or the Voting Stock of such other person is converted into or exchanged for cash, securities or other property, other than any such transaction
where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person or any direct or indirect parent company
of the surviving person immediately after giving effect to such transaction; (4) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors or (5) the adoption of a plan relating
to the Company’s liquidation or dissolution. Notwithstanding the foregoing, a transaction shall not be deemed to involve a Change of Control under clause (1), (2) or (5) above if: (i) the Company becomes a direct or indirect
wholly-owned subsidiary of a holding company or a holding company becomes the successor to the Company under Section 10.02 of the Indenture pursuant to a transaction that is permitted under Section 10.01 of the Indenture and (ii) the
direct or indirect holders of the Voting Stock of such holding company immediately following that transaction (or a series of related transactions) are substantially the same (and hold in the same proportions) as the holders of the Company’s
Voting Stock immediately prior to that transaction. The term “person,” as used in this definition, means any Person and any two or more Persons as provided in Section 13(d)(3) of the Exchange Act. 

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Rating Event. 

“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 the Company and its subsidiaries as of the end of a fiscal quarter of the Company, prepared in accordance with United States generally accepted accounting principles 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 the Company and its subsidiaries as of the end of a fiscal quarter of the Company, prepared in accordance with United States generally accepted accounting
principles as in effect on the date of the consolidated balance sheet. “Intangible Assets” means the amount (if any) stated under the heading “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. 
 “Continuing
Director” means, as of any date of determination, any member of the Company’s Board of Directors who: 
 (1) was a member of
such Board of Directors on the date hereof; or 
 (2) was nominated for election, elected or appointed to such Board of Directors pursuant to
a proposal by a majority of the Continuing Directors who were members of such board of directors at the time of such nomination, election or appointment (either by a specific vote or by approval of the Company’s proxy statement in which such
member was named as a nominee for election as a director, without objection to such nomination). 

  
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 “Fitch” means Fitch Inc., and its successors. 

“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. 

“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 the Company and its
Subsidiaries as of the end of a fiscal quarter of the Company prepared in accordance with United States generally accepted accounting principles 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
United States generally accepted accounting principles), (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 agreements, in each case in the ordinary course of business, (v) all obligations as lessee to the extent capitalized in accordance with United States generally accepted accounting
principles 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 are 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, and the equivalent investment grade credit rating from any replacement
rating agency or rating agencies selected by the Company. 
 “Moody’s” means Moody’s
Investors Service, Inc., and its successors. 
 “Non-Recourse Indebtedness” means Indebtedness
upon the enforcement of which recourse may be had by the holder(s) thereof only to identified assets of the Company or any of its Subsidiaries and not to such entity personally (subject to, for the avoidance of doubt, customary exceptions contained
in non-recourse financings to the non-recourse nature of the obligations thereunder). 

  
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 “Principal Property” means any U.S. manufacturing,
processing or assembly plant or any U.S. warehouse or distribution facility of the Company or any of its Subsidiaries that is used by any U.S. Subsidiary of the Company and (A) is owned by the Company or any Subsidiary of the Company 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 the Company 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 the Company and its subsidiaries as of the applicable date. 

“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 Notes or fails to make a rating of the Notes 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.

 “Rating Event” means the rating on the Notes is lowered by at least two of the three Rating
Agencies and such Notes are rated below an Investment Grade Rating by at least two of the three Rating Agencies on any day during the period (which period shall be extended so long as the rating of such Notes is under publicly announced
consideration for a possible downgrade by any of the Rating Agencies) commencing 60 days prior to the first public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control and ending 60 days
following consummation of such Change of Control. 
 “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 the Company or any of its 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. 

  
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 “S&P” means Standard & Poor’s Ratings
Services, a division of The McGraw-Hill Companies, Inc., and its successors. 
 “Voting Stock”
means, with respect to any specified “Person” as of any date, 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. 

D. Sections A through C of this Officer’s Certificate and the Notes are subject to the provisions regarding supplemental indentures and amendments set
forth in Article IX of the Indenture. Capitalized terms used but not defined in this Officer’s Certificate shall have the meanings ascribed thereto in the Indenture. 

Officer’s Certificate under Sections 2.04 and 14.06 of the Indenture 

Pursuant to Sections 2.04 and 14.06 of the Indenture, Ravi Tulsyan, the Senior Vice President and Treasurer of the Company, in his capacity as an officer of
the Company, does hereby certify on behalf of the Company as follows: 
 (1) All conditions precedent under the Indenture to the issuance and
authentication of the Notes and the delivery of the Notes have been complied with; 
 (2) The undersigned has read the conditions and
definitions relating thereto referred to in paragraph 1 above; 
 (3) The statements of the undersigned contained herein are based upon the
undersigned’s participation in the issuance of the Notes by the Issuer and a review of the Indenture; 
 (4) The undersigned has made
such examination or investigation as is necessary in the undersigned’s opinion to enable the undersigned to express an informed opinion as to whether the conditions referred to in paragraph 1 above have been complied with. The undersigned is of
the opinion that the Indenture and this Officer’s Certificate are legal, valid and binding obligation of the Company, enforceable against the Company in accordance with their terms. 

[Remainder of page intentionally left blank] 

  
 13 

 IN WITNESS WHEREOF, I have signed this Officer’s Certificate as of the date first above written. 

 

			
	THE ADT CORPORATION
		
	By:	 	/s/ Ravi Tulsyan
	Name:	 	Ravi Tulsyan
	Title:	 	Senior Vice President and Treasurer

 [Signature Page to Officer’s Certificate] 

 Annex 1 

FORM OF 5.250% SENIOR NOTES DUE 2020 

[Insert the Private Placement Legend and/or the Global Security legend, as applicable] 

5.250% SENIOR NOTES DUE 2020 
  

			
	No. [            ]	  	$[            ]

 CUSIP No. [            ] 

THE ADT CORPORATION 
 promises to pay to
[        ] or registered assigns, the principal sum of [        ] Dollars on March 15, 2020. 

Interest Payment Dates: March 15 and September 15 

Record Dates: March 1 and September 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 manually 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. 
 Date:
[            ] 
  

			
	THE ADT CORPORATION
		
	 By:
	 	 
	Name:	 	
	 Title:
	 	
		
	 By:
	 	 
	Name:	 	
	 Title:
	 	

 CERTIFICATE OF AUTHENTICATION 

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

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 
		 	Authorized Signatory
		
	Dated:	 	

  
 16 

 THE ADT CORPORATION 

5.250% Senior Notes due 2020 

This security is one of a duly authorized series of debt securities of The ADT Corporation, a Delaware 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 March 19, 2014 (the “Base Indenture”), duly executed and delivered between the Company
and Wells Fargo Bank, National Association (the “Trustee”), as modified by an Officer’s Certificate, dated as of December 18, 2014 (the “Officer’s Certificate”) of the Company. The Base Indenture as modified by the
Officer’s Certificate 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 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 Officer’s Certificate, as applicable. 
 1. Interest. The Company
promises to pay interest on the principal amount of this Security at an annual rate of 5.250%. The Company will pay interest semi-annually on March 15 and September 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 March 15, 2015. Interest will be
calculated on the basis of a 360-day year consisting of twelve 30-day months. 
 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. 

  
 17 

 3. Paying Agent and Registrar. Initially, Wells Fargo Bank, National
Association, 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 or any of its Subsidiaries may act in any such
capacity. 
 4. Indenture. The terms of the Securities include those stated in the Indenture (which shall include, for the
avoidance of doubt, terms set forth in the Officer’s Certificate) 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
entitled to the benefits of all such terms and 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 “5.250% Senior Notes due 2020”, initially limited to $300,000,000 in aggregate principal amount. 

The Company will furnish to any Securityholder upon written request and without charge a copy of the Indenture. Requests may be made to: The
ADT Corporation, 1501 Yamato Road, Boca Raton, FL 33431, Attention: Investor Relations. 
 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 given to the Securityholders thereof not less than 30 days nor more than 90 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 such Securities to be redeemed and (ii) as determined by the Quotation Agent and delivered to the Company in writing, 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 50 basis points, plus, in either the case of clause (i) or clause (ii), accrued
and unpaid interest, if any, thereon to the Redemption Date. This Security is also subject to redemption to the extent provided in Article XI 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 any 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. If a Change of Control Triggering Event occurs, unless the Company has exercised its option
to redeem this Security, it shall be required to make an offer to the holder of this Security to repurchase, at such holder’s election, all or a part (equal to $1,000 or an integral multiple of $1,000 in excess thereof; provided that any
remaining principal amount thereof shall be at least the minimum authorized denomination thereof), of this 

  
 18 

 
Security, in cash equal to 101% of the aggregate principal amount of this Security repurchased, plus accrued and unpaid interest, if any, to the date of repurchase. Within 30 days following any
Change of Control Triggering Event, or at the Company’s option, prior to any Change of Control, but after public announcement of the transaction that constitutes or may constitute the Change of Control Triggering Event, a written notice shall
be sent to the Trustee and to the Securityholders describing in reasonable detail the transaction that constitutes or may constitute the Change of Control Triggering Event and offering to repurchase this Security on the date specified in the notice,
which date shall be no earlier than 30 days and no later than 60 days from the date such notice is sent. 
 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 Security 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 of the same series and ending at the close of business on the day of such mailing; (ii) register the transfer of or exchange any Security of any series
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 of any series between the applicable record
date and the next succeeding Interest Payment Date. 
 8. Persons Deemed Owners. The registered Securityholder may be
treated as its owner for all purposes. 
 9. Repayment to the Company. Any funds or Governmental Obligations deposited with any
paying agent or the Trustee, or then held by the Company, in trust for payment of principal of, premium, if any, or interest on the Securities of a particular series that are not applied but remain unclaimed by the holders of such Securities for at
least one year after the date upon which the principal of, premium, if any, or interest on such Securities shall have respectively become due and payable, shall be repaid to the Company or (if then held by the Company) shall be discharged from such
trust. After return to the Company, Holders entitled to the money or securities must look to the Company for payment as unsecured general creditors. 

10. Amendments, Supplements and Waivers. The Indenture contains provisions permitting the Company and the Trustee, with the
consent of the holders of not less than a majority in aggregate principal amount of the securities of each series at the time Outstanding affected by such supplemental indenture or indentures to enter into supplemental indentures for the purpose of
adding, changing or eliminating any provisions of the Indenture or any supplemental indenture or of modifying in any manner not covered elsewhere in the Indenture the rights of the holders of the securities of such series; provided,
however, that no such 

  
 19 

 
supplemental indenture, without the consent of the holders of each Security then Outstanding and affected thereby, shall: (i) extend a fixed maturity of or any installment of principal of
any Securities of any series 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 any Security of any series; (iii) reduce the premium payable upon the redemption of any Security; (iv) make any Security payable in Currency other than that stated in the Security;
(v) impair the right to institute suit for the enforcement of any payment on or after the fixed maturity thereof (or in the case of redemption, on or after the redemption date); or (vi) reduce the percentage of Securities, the holders of
which are required to consent to any such supplemental indenture or indentures. The Indenture also contains provisions permitting the holders of not less than a majority in aggregate principal amount of the Outstanding securities of each series
affected thereby, on behalf of all of the holders of the securities of such series, to waive any past Default under the Indenture, and its consequences, except a Default in the payment of the principal of, premium, if any, or interest on any
security of such series or a Default in respect of a covenant or provision of the Indenture that cannot be modified or amended without the consent of the holder of each Outstanding security of such affected series. Any such consent or waiver by the
registered Securityholder shall be conclusive and binding upon such holder and upon all future holders and owners of this Security and of any Security 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 of a series issued pursuant to the Indenture occurs and is continuing, the Trustee or the holders of at least 25% in aggregate principal amount of the Securities of such series
then Outstanding, by notice in writing to the Company (and to the Trustee if notice is given by such holders), 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 holders, unless
such holders have offered the Trustee indemnity satisfactory to it. Upon satisfaction of certain conditions set forth in the Indenture, the holders of a majority in principal amount of the Outstanding securities of a series issued pursuant to the
Indenture 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 of such series. 

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 Company or of any predecessor or successor
corporation, either directly or through the Company or any such predecessor or successor corporation, 

  
 20 

 
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 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 manually signs the certificate of authentication attached to the other side of this Security. 
 16. Additional
Amounts. The Company is obligated to pay Additional Amounts on this Security to the extent provided in the Indenture. 

17. 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). 

18. Governing Law. The Indenture and this Security 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. 

  
 21 

 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:                         

  
 22 

 ELECTION FORM 

TO BE COMPLETED ONLY IF THE HOLDER 

ELECTS TO ACCEPT THE CHANGE OF CONTROL OFFER 
  

 
 The undersigned
hereby irrevocably requests and instructs the Company to repurchase the within Security (or the portion thereof specified below), pursuant to its terms, on the Change of Control Payment Date specified in the Change of Control Offer, for the Change
of Control Payment specified in the within Security, to the undersigned,
                                         
   , at                                     
                                        
                             (please print or typewrite name, address and telephone number of the
undersigned). 
 For this election to accept the Change of Control Offer to be effective, the undersigned must (A) deliver, to the
address of the paying agent set forth below or at such other place or places of which the Company shall from time to time notify the Holder of the within Security, either (i) the Security with this “Election Form” form duly completed,
or (ii) a telegram, telex, facsimile transmission or a letter from a member of a national securities exchange or the Financial Industry Regulatory Authority, Inc. or a commercial bank or a trust company in the United States setting forth
(a) the name of the Holder of the Security, (b) the principal amount of the Security, (c) the principal amount of the Security to be repurchased, (d) the certificate number or description of the tenor and terms of the Security,
(e) a statement that the option to elect repurchase is being exercised, and (f) a guarantee stating that the Security to be repurchased, together with this “Election Form” duly completed, will be received by the paying agent at
least five Business Days prior to the Change of Control Payment Date or (B) otherwise comply with alternative instructions in accordance with the procedures of the depositary. The address of the paying agent is
[            ]; Attention: [            ], unless otherwise specified in the Change of Control Offer. 

If less than the entire principal amount of the within Security is to be repurchased, specify the portion thereof (which principal amount must
be $1,000 or an integral multiple of $1,000 in excess thereof; provided that any remaining principal amount shall be at least the minimum authorized denomination thereof) which the Holder elects to have repurchased:
$                    . 
  

			
	Holder:
		
	By:	 	 
		 	Name:
		 	Title:

  
 23Camp Separation Agreement Final

SEPARATION AGREEMENT AND GENERAL RELEASE

This Separation Agreement and General Release ("Agreement"), effective as of the date described in Section 13 below (the “Effective Date”), is made and entered into by and between Washington Real Estate Investment Trust ("WRIT") and William T. Camp ("Employee").

WHEREAS, Employee has been employed by WRIT, which employment will cease as set forth in this Agreement in connection with Employee’s resignation from WRIT; and

WHEREAS, the parties desire to amicably resolve all matters between them on a full and final basis;

NOW, THEREFORE, in consideration of the promises contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:

1.  Resignation and Return of Property:  Employee will continue to serve as Executive Vice President & CFO of WRIT through March 2, 2015 (the “Resignation Date”) or such shorter period as may be determined by the President & CEO and communicated to Employee in writing.  Consistent with the foregoing, Employee shall resign from the following positions on the Resignation Date or on such earlier date as may be determined by the President & CEO and communicated to Employee in writing (and shall execute all documents reasonably requested by WRIT to effectuate such resignations): (a) Executive Vice President & CFO of WRIT, and (b) all officer, board of director and board of manager positions (or comparable positions) with all affiliated entities of WRIT (collectively, “Affiliates”).  If Employee is no longer serving as Executive Vice President & CFO, Employee will continue as an employee of WRIT through the Resignation Date at his current salary.

Employee will diligently pursue the responsibilities of the Executive Vice President & CFO as long as he remains in such position. Thereafter, as an employee of WRIT, Employee will assist WRIT in (a) transitioning the role of the chief finance officer to a new person elected by the Board and (b) performing such other duties as shall be reasonably requested by the President & CEO.  On or before the Resignation Date, Employee will return all property of WRIT and its Affiliates, and all copies, excerpts or summaries of such property, in his possession, custody or control. 

2.  Final Paycheck and Severance Benefits:  Subject to Employee’s compliance with and non-revocation of this Agreement, WRIT will provide Employee with the following benefits:

(a)  Accrued Salary and Vacation. WRIT will pay Employee for all earned but unpaid salary and vacation accrued up to the Resignation Date in accordance with its normal payroll practices.

(b)   2014 STIP.  WRIT will pay to Employee in 2015 by March 15, 2015, all compensation (if any) earned by Employee during the 2014 performance period pursuant to the 

1

provisions of the WRIT’s Short-Term Incentive Plan dated January 1, 2014 (the “STIP”).  Any Restricted Shares issued to the Participant with respect to the 2014 Performance Period shall become fully vested under clause (e) below. 

2015 STIP.  WRIT will pay to Employee in 2016 by March 15, 2016, all compensation (if any) earned by Employee during the 2015 performance period accruing up to the Resignation Date pursuant to  the provisions dealing with involuntary termination of employment without cause in Section 4.5 of the STIP. Pursuant to such provisions, the Participant (i.e., Employee) shall receive an Award calculated based on the actual levels of achievement of the performance goals for the entire 2015 Performance Period, but the Award shall be prorated in the proportion that the number of days elapsed from the beginning of the 2015 Performance Period through the date the Participant ceases to be an employee of WRIT bears to the total number of days in the Performance Period.  Any Restricted Shares issued to the Participant with respect to the 2015 Performance Period shall be fully vested.  

(c)  2014-15 LTIP. WRIT will pay to Employee six months after the Resignation Date (in accordance with WRIT’s Long-Term Incentive Plan dated January 1, 2014 (the “LTIP”)) all compensation (if any) earned by Employee during the 2014 and 2015 performance periods accruing up to the Resignation Date pursuant to the provisions dealing with involuntary termination of employment without cause in Section 4.5 of the LTIP. Pursuant to such provisions, the Participant (i.e., Employee) shall receive the regular 2014 Award, the regular 2015 Award and the one-time transition 2014 Award pursuant to Section 5.12 of the LTIP, in each case calculated based on the actual levels of achievement of the performance goals as of the Resignation Date (or, in the specific case of the 33.34% portion of the one-time transition 2014 Award referenced in Section 5.12(a)(i) of the LTIP, calculated based on the actual levels of achievement of the performance goals as of the end of the one-year performance period (i.e., December 31, 2014)), but the Awards shall be prorated in the proportion that the number of days elapsed from the beginning of the Performance Period through the date the Participant ceases to be an employee of WRIT bears to the total number of days in the Performance Period.  Any Restricted Shares issued to the Participant with respect to such Performance Period shall be fully vested.  

      (d)  Restricted Stock Units:  All of Employee’s unvested Restricted Stock Units will be vested by the Resignation Date and all of Employee’s Restricted Stock Units (including previously vested Restricted Stock Units that have not yet been paid) will be issued in common shares of WRIT six months after the Resignation Date pursuant to Section 12 of WRIT’s Long-Term Incentive Plan effective January 1, 2009.    

(e)  Restricted Shares:  All of Employee’s unvested Restricted Shares will become immediately vested as of the Resignation Date and have already been issued to Employee.

(f)  SERP Vesting:  Employee will become fully vested in his account under WRIT’s Supplemental Executive Retirement Plan (the “SERP”) as of the Resignation Date, which will be paid pursuant to the SERP, which is based on Employee’s election of a lump-sum payment.   

2

Payment is subject to at least a six month wait after the Resignation Date to comply with the requirements of Section 409A of the Code. 

(g)  Severance Plan:  WRIT will make an aggregate severance cash payment to Employee in the amount of $148,077 (the “Severance Payment”), which represents an amount equal to  Employee’s salary for 22 weeks from the Resignation Date (the “Severance Period”).  Provided Employee remains in compliance with this Agreement, the Severance Payment shall be paid to Employee in a lump sum on the first regular payroll date after the Resignation Date and no later than March 15, 2015.

(h)  Counsel Fees:  WRIT will reimburse Employee for his counsel fees up to a maximum of $7,500 no later than March 15, 2015.

Nothing in Sections 2(b) to 2(f) shall be construed to modify or reduce the benefits to which Employee would otherwise be entitled under the plan documents setting forth the terms of the benefit programs referenced therein (i.e., 2014 STIP, 2015 STIP, 2014-2015 LTIP, Restricted Stock Units, Restricted Shares, SERP) as would apply in the event of a termination of the Employee, not for cause, occurring on March 2, 2015.  In the event of any conflict in the description of the benefits contained in Section 2(b) to 2(f) and the plan documents, the terms of the plan documents will control.

It is understood and agreed that in accepting the benefits set forth in clauses (a) through (h) above, Employee will forfeit any rights he may have to any other form of compensation from WRIT, except as provided otherwise in Sections 2 and 3.  Subject to restriction of Section 409A, all shares received by Employee shall be unrestricted and Employee shall be free to sell or transfer. All amounts payable as described in this Section 2 shall be subject to applicable federal and state tax and payroll withholding requirements, which in the case of amounts issued in common shares of WRIT may be satisfied by WRIT’s deduction of shares with a fair market value equal to the withholding required.

3.  Benefits:  If applicable, Employee (and if applicable, Employee’s dependents) will continue to participate in WRIT’s group health plan through the Resignation Date in accordance with its terms and conditions. Thereafter, Employee will be eligible to continue participation in WRIT’s group health plan at his own expense in accordance with and to the extent required by the federal COBRA law, provided that, subject to Employee’s compliance with and non-revocation of this Agreement, WRIT will pay Employee’s and Employee’s dependents’ COBRA premium for 18 months or until Employee becomes eligible for other coverage, whichever is sooner.  Except as expressly provided otherwise in this Agreement, Employee's entitlement to, participation in, and accrual of, all other salary, compensation or benefits from WRIT shall cease as of the Resignation Date, except that Employee shall have such rights in such benefits as are required by law and plan documents, including without limitation, Employee’s vested benefits in WRIT’s 401(k) plan, in accordance with and to the extent permitted by plan documents.

4.  References: Employee will direct all requests for employment references from WRIT to WRIT’s Executive Vice President – Accounting and Administration (Laura M. Franklin) or 

3

WRIT’s Director of Human Resources, Compensation & Benefits. If WRIT receives a request for reference concerning Employee which is directed to said latter person, WRIT will follow its normal policy of confirming dates of employment, position, duties and salary. 

5.  Unemployment Compensation Benefits:  WRIT will not contest any claim for unemployment benefits that Employee makes for any period after the Severance Period.

6.  Mutual Releases:

A.  Employee’s Release:  In consideration for the benefits described herein, and for other good and valuable consideration, which are of greater value than Employee would normally be entitled upon Resignation, Employee, on behalf of himself, his heirs, executors, administrators, attorneys, agents, representatives and assigns, hereby forever releases WRIT and its Affiliates, and its and their officers, directors, trustees, owners, shareholders, employees, insurers, benefit plans, agents, attorneys and representatives, and each of their predecessors, successors and assigns, from any and all claims, demands, suits, actions, damages, losses, expenses, charges or causes of action of any nature whatsoever, whether known or unknown, relating in any way to any act, omission, event, relationship, conduct, policy or practice prior to the Employee’s execution of this Agreement, including without limitation his employment with WRIT and the termination thereof  (“Claims”). This release includes without limitation Claims for discrimination, harassment, retaliation or any other violation under the Age Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Maryland Human Rights Act, the Montgomery County Human Rights Act, and any other Claims under all other federal, state or local laws; Claims for breach of contract; Claims for wrongful discharge; Claims for emotional distress, defamation, fraud, misrepresentation or any other personal injury; Claims for unpaid compensation; Claims relating to benefits; Claims for attorneys' fees and costs, Claims for reinstatement or employment; and all other Claims under any federal, state or local law or cause of action.  Employee represents that he has not filed any such Claims, and he further agrees not to assert or file any such Claims in the future or to seek or accept any monetary relief with respect to Claims filed by him or on his behalf with the EEOC or any other fair employment agency to the fullest extent permitted by law.  It is understood and agreed that this Release does not apply to claims for breach of this Agreement or Claims that cannot be released by law.

B.  WRIT’s Release:  In consideration for the benefits described herein, and for other good and valuable consideration, WRIT and its Affiliates hereby forever release Employee, his  heirs, executors, administrators, agents, representatives and assigns, from any and all claims, demands, suits, actions, damages, losses, expenses, charges or causes of action of any nature whatsoever, whether known or unknown, relating in any way to any act, omission, event, relationship, conduct, policy or practice prior to the date Employee signs this Agreement (“WRIT’s Claims”).  This release includes without limitation WRIT’s Claims for breach of any contract or duty; WRIT’s Claims for emotional distress, defamation, fraud, misrepresentation or any other personal injury; WRIT’s Claims for overpaid compensation; WRIT’s Claims relating to benefits; WRIT’s Claims for attorneys' fees and costs; and all other WRIT’s Claims under any federal, state or local law or cause of action.  WRIT represents that it has not filed any such 

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WRIT’s Claims, and it further agrees not to assert or file any such WRIT’s Claims in the future.  It is understood and agreed that this Release does not apply to claims for breach of this Agreement, WRIT’s Claims that cannot be released by law, or WRIT’s Claims for fraud, embezzlement, intentional misconduct or any other malfeasance or any WRIT’s Claims as to which indemnification of officers is not permitted pursuant to WRIT’s written documents governing indemnification of officers.

7.  Reinstatement:  Employee waives all claims for reinstatement or employment with WRIT and its Affiliates, and its and their successors and assigns, and he agrees not to seek such reinstatement or employment in the future unless the parties agree otherwise in writing.

8.  Confidentiality:  Except as necessary to enforce or effectuate this Agreement or as required by law or otherwise to satisfy SEC filing or disclosure requirements (it being understood that WRIT intends to file this Agreement and a summary of this Agreement with the SEC), or to the extent WRIT in good faith deems necessary in communications with analysts and institutional investors, the parties agree to keep this Agreement, the existence of this Agreement, and the terms of this Agreement strictly confidential.  Subject to the foregoing, Employee shall not disclose the same to any third party except as necessary to his attorneys, accountants and immediate family members (and only on the condition that they maintain such confidentiality and Employee guarantees such confidentiality).  Also subject to the foregoing, WRIT shall not disclose the same to any third party except its board of trustees, officers, attorneys, accountants and employees responsible for effectuating the Agreement.  Notwithstanding the foregoing, if either party is asked about the reasons for Employee’s resignation, they may state in substance that Employee resigned to pursue other career alternatives or words substantially to that effect. 

9.  Nondisparagement and Nonassistance:  Employee agrees not to disparage, or provide any disparaging information relating to, WRIT or any of its Affiliates or its or their past, present or future management, officers, trustees or employees to any person or entity who is not a party to this Agreement, and he agrees not to provide any form of assistance to, or to cooperate with, any person or entity asserting or intending to assert any claim or legal proceeding against WRIT or any of its Affiliates except as may be required by law or legal process.  WRIT shall instruct its Human Resources Department and its Officers not to disparage, or provide any disparaging information relating to, Employee to any person or entity who is not a party to this Agreement, and it agrees not to provide any form of assistance to, or to cooperate with, any person or entity asserting or intending to assert any claim or legal proceeding against Employee, except as may be required by law or legal process or as to any Claims that WRIT may have (if any) which it has not released pursuant to Section 6(B).

10.  Cooperation: Employee agrees to reasonably cooperate with WRIT upon request by answering questions and providing information about matters of which he has personal knowledge.  In the event that WRIT becomes involved in any civil or criminal litigation, administrative proceeding or governmental investigation, Employee shall, upon request, provide reasonable cooperation and assistance to WRIT, including without limitation, furnishing relevant information, attending meetings and providing statements and testimony; it being understood that shall not be obligated if such cooperation or assistance would be in violation of any agreements 

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which Employee may hereafter enter into, or materially interfere with Employee’s employment, business or family engagements.  WRIT will pay to Employee an hourly rate of $150 for time which Employee spends in furtherance of such cooperation and reimburse Employee for all reasonable and necessary expenses he incurs in complying with this Section 10, provided said time and expenses are reasonable and necessary and approved by WRIT in advance.

11.  Nondisclosure and Nonsolicitation: Employee shall not, except as required by law, use or disclose to any person or entity any Confidential Information.  For the purposes of this Section 11, “Confidential Information” means information Employee obtained through or as a consequence of his employment with WRIT relating to WRIT’s business or its tenants which is not in the public domain and includes, without limitation, trade secrets, tenant lists, lease rates, methods of operation, investment opportunities, business plans, leads, financial information, research and statistical data.  Information does not lose its protection as Confidential Information if it is disclosed in violation of an obligation not to disclose it.  During the Severance Period and for a period of twelve (12) months thereafter, Employee shall not directly or indirectly for himself or any other person or entity, whether as an employee, officer, director, consultant, agent, representative, partner, owner, stockholder or in any other capacity, a) solicit any person who then is or was at any time in the preceding six month period employed by WRIT as an employee or independent contractor,  to resign from WRIT or to accept employment as an employee or independent contractor with any other person or entity; or b) solicit any person or entity who then is or was at any time in the preceding six month period in a business relationship with WRIT to end or curtail such relationship or to engage in business of the type engaged in by WRIT with another person or entity.  Employee agrees that these restrictions are reasonable and necessary for the protection of WRIT’s business.  Employee further agrees that in the event he breaches any provision in this Section 11, WRIT shall be entitled to injunctive relief in addition to such other relief as a court may deem proper.

12.  Miscellaneous: This Agreement represents the entire agreement of the parties, and supersedes all other agreements, discussions and understandings of the parties, concerning the subject matter.  All other express or implied agreements of the parties not expressly contained or incorporated by reference herein are terminated and of no further force or effect.  This Agreement may not be modified in any manner except in a written document signed by both parties.  Should any provision of this Agreement be held to be invalid or unenforceable by a court of competent jurisdiction, it shall be deemed severed from the Agreement, and the remaining provisions of the Agreement shall continue in full force and effect, provided that, should the court determine that any provision of Section 11 is unenforceable, the court shall modify such provision to make it valid to the maximum extent permitted by law.  In the event of any litigation to enforce this Agreement, the prevailing party shall be awarded his or its reasonable attorneys’ fees and costs.

13.     Consultation and Consideration: WRIT hereby advises Employee to consult with an attorney at his own expense prior to signing this Agreement.  Employee may take up to twenty-one (21) days from the date he is given this Agreement to consider it, but he may sign it sooner if he wishes.  If he signs the Agreement, he will have a period of seven (7) days to revoke his signature (the "Revocation Period").  Thus, this Agreement will not become effective or 

6

enforceable until the date that each party has signed the Agreement and the Revocation Period has expired without Employee exercising his right of revocation (the "Effective Date").  Any notice of revocation must be in writing and must be received by Laura Franklin prior to the expiration of the Revocation Period.  Regardless of whether Employee revokes this Agreement, his employment has been or will be terminated as of the Resignation Date. If Employee signs this Agreement, he represents that he has had sufficient time to consider it, and that he enters into it knowingly and voluntarily with full understanding of its meaning and effect.  

14.  Governing Law:    This Agreement shall be construed exclusively in accordance with the laws of the State of Maryland, without regard to the principles of conflicts of laws therein.

15.  Assignment: This Agreement shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns.  Employee may not assign any right or obligation hereunder without WRIT’s prior written consent.  WRIT may assign its rights and obligations here under to any successor in interest.

16. Section 409A of the Code. To the extent that such requirements are applicable, this Agreement is intended to comply with the requirements of Section 409A of the Internal Revenue Code (“Section 409A”) and shall be interpreted and administered in accordance with that intent.  If any provision of the Agreement would otherwise conflict with or frustrate this intent, that provision will be interpreted and deemed amended so as to avoid the conflict.  Employee has incurred or will incur a “separation from service” within the meaning of Section 409A as of the Resignation Date. All amounts paid hereunder shall be paid pursuant to the provisions of the plan from which paid, and in the event of any conflict between the provisions of such plan and this Agreement, the plan shall govern.   

17.  Counterparts: This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and together which shall constitute one and the same instrument.

18.  Nonadmissions:  By entering into this Agreement, neither party is admitting that it did anything wrong or improper or that it has any liability to the other party.

19.  Consulting Services:  Employee will provide consulting services, as an independent contractor and not as an employee, to WRIT at reasonable and mutually agreed times by the parties for a six month period commencing on the day after the Resignation Date (it being understood that such consulting services will not require "full time" involvement from Employee and the level of such consulting services are reasonably anticipated by the parties to be no more than 20% (twenty percent) of the average level of services Employee performed for WRIT over the immediately preceding 36 (thirty-six) month period, but will instead involve advisory services on a reasonable basis upon request by WRIT). In exchange for providing such consulting services, WRIT will pay Employee a monthly fee of $15,000, payable each month during such six month period (subject to adjustment as provided in the following sentence).  Notwithstanding the foregoing, such monthly fee shall be reduced by up to $7,500 (the amount of such reduction to be determined by WRIT in its discretion) if and when Employee commences 

7

full-time employment with a successor employer during such six month period.  Employee shall advise WRIT if Employee commences such employment.

Employee has had an opportunity to carefully review and consider this Agreement with an attorney, and he has had sufficient time to consider it.  After such careful 
consideration, he knowingly and voluntarily enters into this Agreement with full understanding of its meaning and effect.

[REMAINDER OF PAGE BLANK]

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IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement.

	
									
	WILLIAM T. CAMP
	 
	WASHINGTON REAL ESTATE
	 

	 
	 
	 
	 
	INVESTMENT TRUST
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 

	/s/ William T. Camp
	 
	By:
	 
	/s/ Paul T. McDermott
	 

	Signature
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	Title:
	CEO and President
	 

	 
	 
	 
	 
	 
	 
	 
	 

	Date:
	12/17/14
	 
	Date:
	12/17/14
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

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