Document:

EX-4.5

 Exhibit 4.5 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE
THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN
THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNTIL 40 DAYS AFTER THE LATER OF COMMENCEMENT OR COMPLETION OF THE OFFERING, AN OFFER OR SALE OF
SECURITIES WITHIN THE UNITED STATES BY A DEALER (AS DEFINED IN THE SECURITIES ACT) MAY VIOLATE THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IF SUCH OFFER OR SALE IS MADE OTHERWISE THAN IN ACCORDANCE WITH RULE 144A THEREUNDER. THIS SECURITY
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE OFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY , PRIOR TO THE DATE WHICH IS ONE YEAR AFTER THE
LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE COMPANY OR ANY AFFILIATE OF THE COMPANY WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF THIS SECURITY ) (THE “RESALE RESTRICTION TERMINATION DATE”) ONLY
(A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT
(“RULE 144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT
THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT AND OTHERWISE IN COMPLIANCE WITH
REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S, THE REGISTRAR’S, THE PAYING AGENT’S AND THE TRUSTEE’S
RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (D) PRIOR TO THE END OF THE 40 DAY DISTRIBUTION COMPLIANCE PERIOD WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT OR PURSUANT TO CLAUSE (E) PRIOR TO THE RESALE
RESTRICTION TERMINATION DATE TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF A HOLDER AFTER THE RESALE RESTRICTION TERMINATION
DATE. 

 CUSIP No. N31738 AB8 

ISIN No. USN31738AB82 
 REGULATION S
GLOBAL SECURITY 
 5.250% Senior Note due 2023 
  

			
	No.                    		$                    .

 Fiat Chrysler Automobiles N.V. 

Fiat Chrysler Automobiles N.V., a public company with limited liability (naamloze vennootschap) incorporated under Dutch law (herein
called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO, or registered assigns, the principal sum of
                     United States Dollars ($         ) on April 15, 2023, and to pay interest
thereon from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on April 15 and October 15 in each year, commencing October 15, 2015, and at the Maturity thereof, at the rate of
5.250% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date, as provided in such Indenture, or in respect of additional
interest, if any, as provided in Section 5 of the Registration Rights Agreement, shall be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be the April 1 or October 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest so payable, but not punctually paid or duly provided for, on any
Interest Payment Date shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a
Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful
manner not inconsistent with the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

Payment of the principal of (and premium, if any) and interest on this Security shall be made at the office or agency of the Company
maintained for that purpose in New York, New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, against surrender of this Security in the case of any
payment due at the Maturity of the principal hereof (other than any payment of interest that first becomes payable on a day other than an Interest Payment Date); provided that payment on this Global Security may be made pursuant to Applicable
Procedures of the Depositary as permitted in the Indenture; provided, however, that if the Company issues definitive securities in the limited circumstances set forth in the second paragraph on the reverse hereof, payment of

  
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interest, other than interest at maturity, or upon redemption, may be made by check mailed to the address of the Person entitled to the interest as it appears on the security register at the
close of business on the regular record date corresponding to the relevant interest payment date, provided, however, that (i) the Depositary, as holder of the Company’s Securities, or (ii) a Holder of more than Five Million
United States Dollars ($5,000,000) in aggregate principal amount of Securities in definitive form can require the Paying Agent to make payments of interest, other than interest due at maturity, or upon redemption, by wire transfer of immediately
available funds into an account maintained by the Holder in the United States, by sending appropriate wire transfer instructions as long as the Paying Agent receives the instructions not less than ten days prior to the applicable interest payment
date. The principal and interest payable in U.S. dollars at maturity, or upon redemption, shall be paid by wire transfer of immediately available funds against presentation of a definitive security at the office of the Paying Agent. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. Any provision of this Security shall supersede any provision of the Indenture to the extent inconsistent therewith for all purposes hereunder and thereunder. 

Unless the certificate of authentication hereon has been executed by the Trustee or an authentication agent on its behalf referred to on the
reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
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 IN WITNESS WHEREOF, the Company has caused this Note to be duly executed by manual or facsimile
signature by a duly authorized officer on behalf of the Company. 
 Dated: April 14, 2015 

 

					
	FIAT CHRYSLER AUTOMOBILES N.V.
		
	By:		  

	Name:		Richard K. Palmer
	Title:				Chief Financial Officer

 [Signature Page to Note] 

 This is one of the Securities of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: April 14, 2015 
  

			
	 The Bank of New York Mellon,
 As
Trustee

		
	By:		  

			Authorized Signatory

 [Trustee Authentication] 

 (REVERSE OF REGULATION S GLOBAL SECURITY) 

This Security is one of a duly authorized issue of securities of the Company of this series (herein called the “Securities”),
issued and to be issued in one or more series under an Indenture, dated as of April 14, 2015 (the “Indenture”), between the Company and The Bank of New York Mellon, as Trustee (the “Trustee”, which term
includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the
Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof initially limited in an aggregate principal amount to $1,500,000,000,
provided that the Company may, without the consent of any Holder, at any time and from time to time increase the initial principal amount. Unless otherwise defined, all capitalized terms shall have the meanings ascribed to them in the
Indenture. 
 Save for any provision as to withholding or deduction of taxes, no reference herein to the Indenture and no provision of this
Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency,
herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is
registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable, duly endorsed
by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities and of
like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities are issuable only in registered form without coupons in denominations of $200,000 and any integral multiples of $1,000 in
excess thereof. As provided in the Indenture and subject to certain limitations set forth therein and in Clause P herein, the Securities are exchangeable for a like aggregate principal amount of Securities and of like tenor of a different
authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
shall treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and none of the Company, the Trustee and any such agent shall be affected by notice to the contrary. 

  
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	A.	Optional Redemption 

 The Company may redeem the Securities, in whole or in part, at the
Company’s option, at any time and from time to time, upon notice as set forth in Clause B below, at a Redemption Price equal to the greater of (i) 101% of the principal amount of the Securities to be redeemed or (ii) the sum of
the present values of the remaining scheduled payments of principal, premium and interest (excluding accrued but unpaid interest to the Redemption Date) on the Securities to be redeemed to the Maturity, discounted to the applicable Redemption Date
thereof on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate plus 50 basis points, plus in each case unpaid interest, if any, accrued to, but not including, such Redemption Date. 

On and after the Redemption Date, interest will cease to accrue on the Securities or any portion of the Securities called for redemption,
unless the Company defaults in the payment of the Redemption Price and accrued interest. On or before the Redemption Date, the Company shall deposit with a paying agent or the Trustee money sufficient to pay the Redemption Price of and accrued
interest on the Securities to be redeemed on that date. The Trustee shall not be responsible for calculating the Redemption Price of the Securities. 
  

	B.	Selection and Notice 

 If the Company is redeeming less than all of the Securities at any
time, such Securities to be redeemed shall be selected in accordance with Applicable Procedures of the Depositary. 
 Notices of redemption
shall be mailed by first-class mail, postage prepaid, at least 30 but not more than 60 days before the Redemption Date to (w) each Holder of the Securities to be redeemed at such Holder’s registered address, (x) to the Trustee,
(y) to the Registrar to forward to each Holder of the Securities to be redeemed at such Holder’s registered address, or (z) otherwise in accordance with Applicable Procedures of the Depositary, except that redemption notices may be
given more than 60 days prior to a Redemption Date if the notice is issued in connection with a defeasance of the Securities pursuant to Clause L below, or a satisfaction and discharge of the Indenture pursuant to Clause O below. The Company may
provide in such notice that the payment of the Redemption Price and the performance of the Company’s obligations with respect to such redemption of the Securities may be performed by another Person and may, at the Company’s discretion, be
subject to one or more conditions precedent. 
 The Company shall issue a new Security in a principal amount equal to the unredeemed portion
of the original Security in the name of the Holder of the Securities upon cancellation of the original Security. Securities called for redemption become due on the date fixed for redemption. 

 

	C.	Open Market Purchases 

 The Company may acquire Securities by means other than a
redemption, whether by tender offer, open market purchases, negotiated transactions or otherwise, in accordance with applicable securities laws, so long as such acquisition does not otherwise violate the terms of the Indenture or the Securities.
Such Securities may be held, resold or, at the Company’s option, surrendered to the Trustee for cancellation. 

  
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	D.	Repurchase at the Option of Holders 

 If a Change of Control Event occurs, unless the
Company shall have previously or concurrently mailed a redemption notice with respect to all the then Outstanding Securities pursuant to Clause A and Clause B above, the Company shall make an offer to purchase all of the Securities
pursuant to the offer described below (the “Change of Control Offer”) at a price in cash (the “Change of Control Payment”) equal to 101.0% of the aggregate principal amount of the Securities, together with accrued
and unpaid interest, if any, to the date of purchase, subject to the right of Holders of record of the Securities on the relevant record date to receive interest due on the relevant interest payment date. 

In connection with any Change of Control Event (but not later than 30 days following any Change of Control Event), the Company shall send
notice of such Change of Control Offer by first-class mail, with a copy to the Trustee, the Paying Agent and the Registrar, to each Holder of the Securities to the address of such Holder appearing in the security register, or otherwise in accordance
with Applicable Procedures of the Depositary, with the following information: 
 (1) that a Change of Control Offer is being made pursuant
to this Clause D and that all Securities properly tendered pursuant to such Change of Control Offer shall be accepted for payment by the Company; 

(2) the purchase price and the purchase date, which shall be no earlier than 30 days nor later than 60 days from the date such notice is
mailed (the “Change of Control Payment Date”); 
 (3) that any Securities not properly tendered shall remain Outstanding
and continue to accrue interest; 
 (4) that unless the Company defaults in the payment of the Change of Control Payment, all Securities
accepted for payment pursuant to the Change of Control Offer shall cease to accrue interest on the Change of Control Payment Date; 

(5) that Holders shall be entitled to withdraw their tendered Securities and their election to require the Company to purchase such
Securities, provided, however, that the Paying Agent receives, not later than the close of business on the fifth Business Day preceding the Change of Control Payment Date a facsimile or electronic mail transmission or a letter setting forth
the name of the Holder of the Securities, the principal amount of such Securities tendered for purchase, and a statement that such Holder is withdrawing its tendered Securities and its election to have such Securities purchased; 

(6) that the Holders whose Securities are being repurchased only in part shall be issued new Securities equal in principal amount to
the unpurchased portion of the Securities surrendered, provided that the unpurchased portion of such Securities must be equal to a minimum of $200,000 and an integral multiple of $1,000 in principal amount in excess thereof; 

  
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 (7) if such notice is mailed prior to the occurrence of a Change of Control Event, stating that
the Change of Control Offer is conditional on the occurrence of such Change of Control Event; and 
 (8) other instructions, as determined
by the Company, consistent with the covenant described hereunder, that a Holder must follow to tender its Securities. 
 The Company shall
comply with the requirements of Section 14(e) of the Exchange Act and any other securities laws and regulations thereunder to the extent such laws or regulations are applicable in connection with the repurchase of Securities pursuant to a
Change of Control Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of the Indenture or the Securities, the Company shall comply with the applicable securities laws and regulations and shall
not be deemed to have breached the Company’s obligations described in the Indenture and the Securities by virtue thereof. 
 On the
Change of Control Payment Date, the Company shall, to the extent permitted by law: 
 (1) accept for payment all Securities or portions
thereof properly tendered pursuant to the Change of Control Offer; 
 (2) deposit with the Paying Agent an amount equal to the aggregate
Change of Control Payment in respect of all Securities or portions thereof so tendered; and 
 (3) deliver, or cause to be delivered, to the
Trustee for cancellation the Securities so accepted together with an Officer’s Certificate to the Trustee stating that such Securities or portions thereof have been tendered to and purchased by the Company. 

The Company shall not be required to make a Change of Control Offer following a Change of Control Event if a third party makes the Change of
Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in the Indenture and the Securities applicable to a Change of Control Offer made by the Company and purchases all Securities validly tendered and
not withdrawn under such Change of Control Offer. Notwithstanding anything to the contrary herein, a Change of Control Offer may be made in advance of a Change of Control Event, conditional upon the Change of Control, if at the time of making of the
Change of Control Offer (i) a definitive agreement is in place for the Change of Control, or (ii) a public offer has been made to acquire all of the outstanding common shares of the Company and has been declared unconditional. 

Except as set forth in Clause K below, the provisions in the Indenture and the Securities relative to the Company’s obligation to
make an offer to repurchase the Securities as a result of a Change of Control Event may be waived or modified at any time with the written consent of the Holders of a majority in principal amount of the then Outstanding Securities under the
Indenture. 
  

	E.	Negative Pledge 

 So long as any of the Securities remains Outstanding the Company shall
not create any mortgage, charge, pledge, lien, encumbrance or other security interest (“Lien”) 

  
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(other than a Permitted Lien) upon the Company’s assets to secure any Quoted Indebtedness or any Qualifying Guarantee of such Quoted Indebtedness, unless in any such case the Company grants,
for the benefit of Holders of the Securities, a security interest in such assets that is equal and ratable to the security interests in favor of the holders of the Quoted Indebtedness (or, in the case of a Lien securing Quoted Indebtedness that is
expressly subordinated or junior to the Securities, secured by a Lien that is senior in priority to such Lien). 
  

	F.	Paying Agent and Registrar 

 The Company shall maintain an office or agency in the
Borough of Manhattan, the City of New York, the State of New York, where the Securities may be presented for payment (the “Paying Agent”). The Company shall also maintain a Registrar in the Borough of Manhattan, City of New York,
the State of New York. The Registrar shall keep a register of the Securities and of their transfer and exchange. The Company may appoint one or more co-registrars and one or more additional paying agents. The term “Registrar”
includes any co-registrar. The term “Paying Agent” includes any additional paying agents. The Company initially appoints The Bank of New York Mellon as Registrar and Paying Agent in connection with the Securities and may change the Paying
Agent or the Registrar without prior notice to any Holder of a Security. 
  

	G.	Payment of Additional Amounts 

 The Company, a Paying Agent, or any other Person on
behalf of the Company, or any successor thereto (each, a “Payor”) shall make all payments in respect of the Securities free and clear of, and without withholding or deduction for, or on account of, any present or future taxes,
duties, assessments or governmental charges of whatever nature (collectively, “Taxes”) imposed, collected, withheld, assessed or levied by or on behalf of any jurisdiction in which the Payor is incorporated or tax resident, or any
governmental authority or political subdivision thereof or therein having the power to tax (a “Relevant Jurisdiction”), unless the withholding or deduction of the Taxes is required by law of any Relevant Jurisdiction. 

Where the withholding or deduction of Taxes is required by the law of any Relevant Jurisdiction, the Payor shall, subject to the exceptions
and limitations set forth below, pay as additional interest on the Securities such additional amounts (“Additional Amounts”) as are necessary so that the net payment by the Company or a Paying Agent or other Payor of the principal
of and interest on the Securities, after deduction for any present or future tax, assessment or governmental charge of a Relevant Jurisdiction, imposed by withholding with respect to the payment, shall not be less than the amount that would have
been payable in respect of the Securities had no withholding or deduction been required. The Company’s obligation to pay Additional Amounts shall not apply: 

(1) to any Taxes that are only payable because a present or former type of connection exists or existed between the Holder or beneficial owner
of the Securities and a Relevant Jurisdiction other than a connection related solely to purchase or ownership of Securities; 

  
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 (2) to any Holder that is not the sole beneficial owner of the Securities, or a portion thereof,
or that is a fiduciary or partnership, but only to the extent that the beneficial owner, a beneficiary or settlor with respect to the fiduciary, or a member of the partnership would not have been entitled to the payment of an Additional Amount had
such beneficial owner, beneficiary, settlor or member received directly its beneficial or distributive share of the payment; 
 (3) to any
Taxes that are imposed or withheld because the beneficial owner or any other Person failed to accurately comply with a request from the Company or any Paying Agent to meet certification, identification or information reporting requirements
concerning the nationality, residence or identity of the Holder or beneficial owner of Securities or to satisfy any information or reporting requirement, or to present the relevant Security (if certificated), if compliance such action is required as
a precondition to exemption from, or reduction in, such tax, assessment or other governmental charge by the Relevant Jurisdiction; 
 (4) to
any Taxes that are imposed other than by withholding or deduction by the Company or a paying agent from the payment; 
 (5) to any Taxes
that are imposed or withheld solely because of a change in law, regulation, or administrative or judicial interpretation that becomes effective after the day on which the payment becomes due or is duly provided for, whichever occurs later; 

(6) to any estate, inheritance, gift, sales, excise, transfer, wealth, personal property or similar Taxes; 

(7) to any Taxes any paying agent (which term may include the Company) must withhold from any payment of principal of or interest on any
Security, if such payment may be made without such withholding by any other paying agent; 
 (8) to any Taxes where withholding or deduction
of such Taxes is imposed on a payment to an individual and is required to be made pursuant to European Union Council Directive 2003/48/EC of June 3, 2003, European Union Council Directive 2014/48/EU of March 24, 2014, or any other European
Union Directive on the taxation of savings income in the form of interest payments implementing the conclusions of the ECOFIN (European Union Economic and Finance Ministers) Council Meeting of 26-27 November 2000 or any subsequent Council
Meeting amending or supplementing those conclusions, or any law implementing or complying with, or introduced in order to conform to, either or both of those Directives; 

(9) to any Taxes where withholding or deduction of such Taxes is imposed on a Security presented for payment by or on behalf of a beneficial
owner who would have been able to avoid the withholding or deduction by presenting the relevant global Security to another paying agent in a member state of the European Union; or 

(10) in the case of any combination of the above items. 

In addition, any amounts to be paid on the Securities shall be paid net of any deduction or withholding imposed or required pursuant to
Sections 1471 through 1474 of the Code, any current or future regulations or official interpretations thereof, any 

  
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agreement entered into pursuant to Section 1471(b) of the Code or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in
connection with the implementation of such Sections of the Code, and no additional amounts shall be required to be paid on account of any such deduction or withholding. 

The Securities are subject in all cases to any tax, fiscal or other law or regulation or administrative or judicial interpretation applicable.
Except as specifically provided in this Clause G or in Clause H below, the Company does not have to make any payment under the terms of this Security with respect to any Taxes imposed by any governmental authority or political subdivision
having the power to tax. 
  

	H.	Redemption Upon a Tax Event 

 If (a) a Payor becomes or will become obligated to pay
Additional Amounts with respect to the Securities (as set forth in Clause G above) as result of any change in, or amendment to, the laws or regulations of a Relevant Jurisdiction, or any change in the official interpretation of the laws or
regulations of a Relevant Jurisdiction, which change or amendment becomes effective after April 9, 2015, and (b) such obligation may not be avoided by the Company’s taking reasonable measures available to the Company, the Company may
at the Company’s option, having given not less than 30 days notice to the Holders of the Securities (which notice shall be irrevocable), redeem all, but not a portion of, the Securities at any time at their principal amount together with
interest accrued to, but excluding, the Redemption Date provided that no such notice of redemption shall be given earlier than 30 days prior to the earliest date on which the Company would be obliged to pay such Additional Amounts were a payment in
respect of the Securities then due. Prior to the publication of any notice of redemption pursuant to this paragraph, the Company shall deliver to the Trustee (i) a certificate stating that the requirements referred to in (a) and
(b) above are satisfied, and (ii) an Opinion of Counsel to the effect that the Company has or shall become obliged to pay such Additional Amounts as a result of the change or amendment, in each case to be held by the Trustee and made
available for viewing at the offices of the Trustee on written request by any Holder of the Securities. 
  

	I.	Consolidation, Merger and Sale of Assets 

 The Company may consolidate with or merge with
or into any other Person, and may sell, transfer, or lease or convey all or substantially all of the Company’s properties and assets to another Person; provided that the following conditions are satisfied: 

(1) When the Company merges or consolidates out of existence or sells or leases the Company’s properties and assets substantially as an
entirety, the other company or firm must be organized under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof, Canada or any province thereof, Japan, Switzerland or any member state of the European
Union or any political subdivision thereof; 
 (2) The Person the Company merges into or sells to shall expressly assume, by an indenture
supplemental to the Indenture, executed and delivered to the Trustee, the due and punctual payment of the principal of and any premium and interest on all Securities and the performance or observance of every covenant of the Indenture on the part of
the Company to be performed or observed; 

  
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 (3) The consolidation, merger or sale of assets must not cause a default on the Securities, and
the Company must not already be in default (unless the merger or other transaction would cure the default). For purposes of this no-default test, a default would include an Event of Default (as defined below) that has occurred and not been cured. A
default for this purpose would also include any event that would be an Event of Default if the requirements for giving the Company default notice or the Company’s default having to exist for a specific period of time were disregarded. 

If the Company consolidates with or merges with or into any other Person, or sells, transfers, or leases or conveys all or substantially all
of the Company’s properties and assets to another Person, in each case as described above, the successor Person in any such transaction shall succeed to, and be substituted for, and may exercise every right and power of, the Company under the
Indenture and the Securities, and the Company, as the predecessor Person, except in the case of a lease, shall be released from all of its obligations under the Indenture and the Securities. 

For the avoidance of doubt, this Clause I shall not restrict a distribution (whether in-kind, spin-off or any other transaction) in respect of
all or substantially all holders of the common shares of the Company consisting of capital stock of, or similar equity interests in, or relating to the business of Ferrari S.p.A. 

 

	J.	Reports and Other Information 

 The Company shall either (a) file with the
Commission or (b) provide to the Holders of the Securities such annual reports and information, documents and other reports as are specified in Sections 13 and 15(d) of the Exchange Act and applicable to foreign private issuers subject to such
Sections within the time periods prescribed for foreign private issuers. If at any time, the Company is not subject to the periodic reporting requirements of the Exchange Act for any reason, the Company shall nevertheless continue providing the
reports specified in the preceding sentence to the Holders of the Securities. The Company shall not take any action for the purpose of causing the Commission not to accept any such filings. In addition, the Company shall post any such required
reports on its website within the time periods that would apply whether or not the Company is required to file those reports with the Commission at such time. 
  

	K.	Modification and Waiver of the Securities 

 The Company may amend, modify, change, or
otherwise supplement, the Indenture and the Securities without a vote by or consent of the Holders of the Securities in order to: 
 (1)
comply with any requirement of the Commission in connection with the qualification of the Indenture under the Trust Indenture Act of 1939, as amended; 

(2) conform the Indenture and the form or terms of the Securities to the section “Description of the Notes” in the Offering
Memorandum, dated April 9, 2015; 

  
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 (3) cure any ambiguity, omission, mistake, defect or inconsistency that, as determined in good
faith by the Company, does not materially adversely affect the rights of the Holders of the Securities; 
 (4) make any change that, as
determined in good faith by the Company and conclusively evidenced by an Officer’s Certificate, would provide any additional rights or benefits to the Holders or that does not adversely affect the legal rights under the Indenture and the
Securities of any such Holder; 
 (5) add covenants for the benefit of the Holders or to surrender any right or power conferred upon the
Company; 
 (6) evidence and provide for the acceptance and appointment under the Indenture of a successor trustee thereunder pursuant to
the requirements thereof; or 
 (7) evidence the succession of another Person to, and the assumption by any such successor of, the
Company’s covenants in the Indenture and in the Securities. 
 Except as provided in the next paragraph, the Indenture and the
Securities may be amended or supplemented or waivers may be granted with the consent of the Holders of at least a majority in aggregate principal amount of the Securities then Outstanding, other than the Securities beneficially owned by the Company
or its subsidiaries. However, the Company may not obtain a waiver of a payment default or of any of the matters set forth in the following paragraph without the consent of each Holder affected thereby. 

The Company shall not make the following changes to the Securities without the approval of each Holder of the Securities affected thereby:

 (1) reduce the principal amount of Securities whose Holders must consent to an amendment, supplement or waiver; 

(2) reduce the principal amount of or change the fixed final maturity of any Security or alter or waive the provisions with respect to the
redemption of the Securities; 
 (3) reduce the rate of or change the time for payment of interest on any Security; 

(4) waive a default in the payment of principal of or premium, if any, or interest on the Securities (except a rescission of acceleration of
the Securities by Holders of at least a majority in aggregate principal amount of the Securities and a waiver of the payment default that resulted from such acceleration) or in respect of a covenant or provision contained in the Indenture or the
Securities which cannot be amended or modified without the consent of all affected Holders; 
 (5) make any Security payable in money other
than that stated therein; 
 (6) make any change in the provisions of the Indenture or the Securities relating to waivers of past defaults
or the rights of Holders to receive payments of principal of or premium, if any, or interest on the Securities; 
 (7) make any change in
these amendment and waiver provisions; 

  
 -14- 

 (8) impair the right of any Holder to receive payment of principal of, or interest on such
Holder’s Securities on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s Securities; or 

(9) make any change to the ranking of the Securities that would materially adversely affect the rights of Holders of the Securities. 

In each case, the required approval must be given by written consent of the Holders of the Securities. 

 

	L.	Legal Defeasance and Covenant Defeasance 

 The Company’s obligations under the
Indenture and this Security shall terminate (other than certain obligations set forth below) and shall be released upon payment in full of all of the Securities issued thereunder. The Company may, at the Company’s option and at any time, elect
to have all of the Company’s obligations discharged with respect to the Securities (“Legal Defeasance”) and cure all then existing Events of Default with respect to the Securities except for: 

(1) the rights of the Holders of the Securities to receive payments in respect of the principal of, premium, if any, and interest on the
Securities when such payments are due solely out of the trust created pursuant to the Indenture for the Securities; 
 (2) the
Company’s obligations with respect to the Securities concerning issuing temporary Securities, registration of the Securities, mutilated, destroyed, lost or stolen Securities and the maintenance of an office or agency for payment and money for
security payments held in trust; 
 (3) the rights, powers, trusts, duties and immunities of the Trustee, Registrar and Paying Agent and the
Company’s obligations in connection therewith; and 
 (4) the Legal Defeasance provisions of the Indenture. 

In addition, with respect to the Securities the Company may, at the Company’s option and at any time, elect to have the Company’s
obligations with respect to substantially all of the restrictive covenants in the Indenture and the Securities (“Covenant Defeasance”) and thereafter any omission to comply with such obligations shall not constitute a Default with
respect to the Securities. In the event Covenant Defeasance occurs with respect to the Securities, certain events (not including bankruptcy, receivership, rehabilitation and insolvency events pertaining to the Company) set forth in Clause M
below shall no longer constitute an Event of Default with respect to the Securities. 
 In order to exercise either Legal Defeasance or
Covenant Defeasance with respect to the Securities: 
 (1) the Company shall irrevocably deposit with the Trustee, in trust, for the benefit
of the Holders of the Securities, cash in U.S. dollars, Government Securities, or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal
amount of, premium, if any, and interest due on the Securities at Maturity or on the Redemption Date, as the case may be, of such principal amount, premium, if any, or interest on the Securities, and the Company must specify whether the Securities
are being defeased to maturity or to a particular Redemption Date; 

  
 -15- 

 (2) in the case of Legal Defeasance, the Company shall have delivered to the Trustee an Opinion
of Counsel confirming that, subject to customary assumptions and exclusions, 
 (a) the Company has received from, or there has been
published by, the Internal Revenue Service a ruling, or 
 (b) since the issuance of the Securities, there has been a change in the
applicable tax law, 
 in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, subject to customary
assumptions and exclusions, the Holders of the Securities shall not recognize income, gain or loss for U.S. federal income tax purposes, as applicable, as a result of such Legal Defeasance and shall be subject to U.S. federal income tax on the same
amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 
 (3) in the case
of Covenant Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel confirming that, subject to customary assumptions and exclusions, the Holders of the Securities shall not recognize income, gain or loss for U.S. federal
income tax purposes as a result of such Covenant Defeasance and shall be subject to such tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) no Default with respect to the Securities (other than that resulting from borrowing funds to be applied to make such deposit and any
similar and simultaneous deposit relating to such other Indebtedness, and in each case, the granting of Liens in connection therewith) shall have occurred and be continuing on the date of such deposit; 

(5) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a Default under any material
agreement or instrument governing Indebtedness (other than the Indenture) to which the Company is a party or the Company is bound (other than that resulting from any borrowing of funds to be applied to make the deposit required to effect such Legal
Defeasance or Covenant Defeasance and any similar and simultaneous deposit relating to other Indebtedness, and, in each case, the granting of Liens in connection therewith); 

(6) the Company shall have delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by the Company with
the intent of defeating, hindering, delaying or defrauding any of the Company’s creditors or others; and 
 (7) the Company shall have
delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel (which Opinion of Counsel may be subject to customary assumptions and exclusions) each stating that all conditions precedent provided for or relating to the Legal
Defeasance or the Covenant Defeasance, as the case may be, have been complied with. 

  
 -16- 

	M.	Events of Default 

 Each of the following is an “Event of Default” with
respect to the Securities: 
 (1) default for 5 days or more in the payment when due and payable, upon redemption, acceleration or
otherwise, of principal of, or premium, if any, on the Securities; 
 (2) default for 30 days or more in the payment when due of interest on
or with respect to the Securities; 
 (3) the Company’s failure to comply with the Company’s obligations set forth in
Clause I above with respect to the Securities; 
 (4) the Company’s failure to comply for 60 days after notice to the Company by
the Trustee or to the Company and the Trustee by Holders of at least 25 percent in principal amount of the Securities then Outstanding with the Company’s obligation to make a Change of Control Offer in accordance with Clause D above with
respect to the Securities; 
 (5) the Company’s failure to comply for 120 days after notice to the Company by the Trustee or to the
Company and the Trustee by Holders of at least 25 percent in principal amount of the Securities then Outstanding with the Company’s obligations to provide certain reports and other information pursuant to Sections 701 and 704 of the Indenture;

 (6) the Company’s failure to comply for 60 days after notice to the Company by the Trustee or to the Company and the Trustee by
Holders of at least 25 percent in principal amount of the Securities then Outstanding with any of the Company’s other obligations, covenants or agreements contained in the Indenture or the Securities; 

(7) the Company’s Indebtedness or the Indebtedness of a Material Subsidiary is not paid within any applicable grace period after final
maturity or is accelerated by the holders thereof because of a default and the total amount of such Indebtedness unpaid or accelerated exceeds €250.00 million; provided, however, that it shall be deemed not to be an Event of Default if
such Indebtedness is paid or otherwise acquired or retired (or for which such failure to pay or acceleration is waived or rescinded) within 30 Business Days after such failure to pay or such acceleration; and 

(8) events of bankruptcy, insolvency or reorganization with respect to the Company as set forth in Section 501(5) and (6) of the
Indenture. 
 If any Event of Default (other than of a type specified in Clause M(8) above) with respect to the Company occurs and is
continuing under the Indenture, the Trustee or the Holders of at least 25 percent in aggregate principal amount of the Securities then Outstanding shall have declared the principal, premium, if any, interest and any other monetary obligations on all
the then Outstanding Securities to be due and payable immediately. Notwithstanding the foregoing, in the case of an Event of Default arising under certain events of bankruptcy, insolvency or reorganization with respect to the Company (as described
in Clause M(8) above), all Outstanding Securities shall become due and payable without further action or notice. Holders of a majority in aggregate principal amount of the then Outstanding Securities under the Indenture by notice to the

  
 -17- 

 
Trustee may, on behalf of the Holders of all of the Securities, waive any existing Default with respect to the Securities and its consequences under the Indenture (except a continuing default in
the payment of interest on, premium, if any, or the principal of any Security held by a non-consenting Holder) and rescind any acceleration with respect to the Securities and its consequences (except if such rescission would conflict with any
judgment of a court of competent jurisdiction). In the event of any Event of Default specified in Clause M(7) above, such Event of Default and all consequences thereof (excluding any resulting payment default, other than as a result of acceleration
of the Securities) shall be annulled, waived and rescinded, automatically and without any action by the Trustee or the Holders, if within 30 days after such Event of Default arose: 

(1) the Indebtedness that is the basis for such Event of Default shall have been discharged; or 

(2) Holders thereof shall have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such Event of
Default; or 
 (3) the Default that is the basis for such Event of Default shall have been cured. 

Subject to the provisions of the Indenture relating to the duties of the Trustee thereunder, in case an Event of Default with respect to the
Securities occurs and is continuing, the Trustee shall be under no obligation to exercise any of the rights or powers under the Indenture at the request or direction of any of the Holders of the Securities thereunder unless such Holders shall have
offered to the Trustee indemnity or security satisfactory to the Trustee against any loss, liability or expense. Except to enforce the right to receive payment of principal, premium (if any) or interest when due, no Holder of the Securities shall
pursue any remedy with respect to the Indenture or the Securities unless: 
 (1) such Holder shall have previously given the Trustee notice
that an Event of Default is continuing; 
 (2) Holders of at least 25 percent in aggregate principal amount of the then Outstanding
Securities shall have requested the Trustee to pursue the remedy; 
 (3) Holders of the Securities shall have offered the Trustee security
or indemnity satisfactory to the Trustee against any loss, liability or expense; 
 (4) the Trustee shall not have complied with such
request within 60 days after the receipt thereof and the offer of security or indemnity; and 
 (5) Holders of a majority in aggregate
principal amount of the then Outstanding Securities shall not have given the Trustee a direction inconsistent with such request within such 60-day period. 

Subject to certain restrictions, under the Indenture the Holders of a majority in aggregate principal amount of the Securities are given the
right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee with respect to the Securities. The Trustee, however, may refuse to follow
any direction that conflicts with law or the Indenture or that the Trustee determines is unduly prejudicial to the rights of any other Holder of a Security or that would involve the Trustee in personal liability. 

  
 -18- 

 The Company shall deliver to the Trustee annually a statement regarding compliance with the
Indenture and the Securities, and the Company shall, within five Business Days after the dates on which a senior officer becomes aware of any default, deliver to the Trustee a statement specifying such default. 

 

	N.	No Personal Liability of Directors, Officers, Employees and Shareholders 

 None of the
Company’s past, present or future directors, officers, employees, or shareholders or any of their direct or indirect equity holders shall have any liability for any of the Company’s obligations under the Securities or the Indenture or for
any claim based on, in respect of, or by reason of such obligations or their creation. Each Holder by accepting the Securities waives and releases all such liability. The waiver and release are part of the consideration for issuance of the
Securities. 
  

	O.	Satisfaction and Discharge 

 The Indenture, if the Company so requests, shall cease to be
of further effect with respect to the Securities, other than as to certain rights of registration of transfer or exchange of the Securities, as provided for in Section 401 of the Indenture, and the Trustee, at the Company’s expense, shall
execute proper instruments acknowledging satisfaction and discharge of the Indenture and the Securities when: 
 (1) all Securities
previously authenticated and delivered under the Indenture, other than destroyed, lost or stolen Securities that have been replaced or paid and Securities that have been subject to defeasance, have been delivered to the Trustee for cancellation; or

 (2) all Securities issued under the Indenture not previously delivered to the Trustee for cancellation shall (i) have become due and
payable, (ii) become due and payable at their stated maturity within 60 days or (iii) become due and payable at redemption within 60 days under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee
in the Company’s name and expense; and 
 (3) the Company shall have irrevocably deposited or caused to be deposited with the Trustee
in trust for the purpose, an amount sufficient to pay and discharge the entire Indebtedness arising under the Securities not previously delivered to the Trustee for cancellation, for principal of, premium, if any, on and interest on the Securities
to the date of such deposit (in the case of Securities that have become due and payable) or to the stated maturity of the Securities or the Redemption Date, as the case may be; and 

(4) in either of the foregoing cases: (i) the Company shall have paid or caused to be paid all sums payable under the Indenture and the
Securities by the Company; (ii) no Default or Event of Default then exists; and (iii) the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent
provided in the Indenture relating to the satisfaction and discharge of the Indenture have been complied with. 

  
 -19- 

	P.	Exchanges Between Regulation S Global Security and Rule 144A Global Security 

 Prior to
the expiration of the 40th day after the Issue Date (such period through and including such 40th day, the “Distribution Compliance Period”), beneficial interests in a Regulation S Global Security may be exchanged for beneficial
interests in a Rule 144A Global Security only if the transferor first delivers to the Registrar a written certificate (in the form provided in the Indenture) to the effect that Securities are being transferred to a Person: 

(1) who the transferor reasonably believes to be a qualified institutional buyer within the meaning of Rule 144A in a transaction meeting the
requirements of Rule 144A; 
 (2) purchasing for its own account or the account of a qualified institutional buyer in a transaction
meeting the requirements of Rule 144A; and 
 (3) in accordance with all applicable securities laws of the states of the United States and
other jurisdictions. 
 Beneficial interests in a Rule 144A Global Security may be transferred to a Person who takes delivery in the form of
an interest in a Regulation S Global Security, whether before or after the expiration of the Distribution Compliance Period, only if the transferor first delivers to the Registrar a written certificate (in the form provided in the Indenture) to the
effect that such transfer is being made in accordance with Rule 903 or 904 of Regulation S or Rule 144 (if available). 
  

	Q.	Prescription Period 

 Any money that the Company deposits with the Trustee or any Paying
Agent for the payment of principal or any interest on the Securities that remains unclaimed for two years after the date upon which the principal and interest are due and payable shall be repaid to the Company upon the Company’s request unless
otherwise required by mandatory provisions of any applicable unclaimed property law. After that time, unless otherwise required by mandatory provisions of any unclaimed property law, the Holder of this Security shall be able to seek any payment to
which that Holder shall be entitled to collect only from the Company. 
  

	R.	Notices 

 So long as the Securities are issued in the form of Global Securities, notices
to Holders of the Securities shall be given only to the Depositary, in accordance with its Applicable Procedures. 
  

	S.	Further Issuances 

 The Company may from time to time, without notice to or the consent
of the Holders of the Securities, create and issue additional securities ranking pari passu with, and being part of the same series as, the Securities in all respects (or in all respects except for the payment of interest accruing prior to
the issue date of such further securities or except for the first payment of interest following the issue date of such further securities) 

  
 -20- 

 
and such further securities shall have the same terms as to status or otherwise as the Securities. Any such securities will constitute part of the same series of Securities for purposes of the
Indenture. For the avoidance of doubt, any Exchange Securities offered in exchange for these Securities as contemplated pursuant to the terms of the Registration Rights Agreement described Clause T hereof shall for purposes of the Indenture
constitute the same series of Securities as these Securities. 
  

	T.	Holders’ Compliance with Registration Rights Agreement 

 Each Holder of a Security,
by acceptance hereof, acknowledges and agrees to the provisions of the Registration Rights Agreement, dated April 14, 2015 between the Company and the representatives of the several initial purchasers referred to therein (the
“Registration Rights Agreement”), including the obligations of the Holders with respect to a registration of the Securities and the indemnification of the Company to the extent provided therein. 

 

	U.	Trustee 

 The Bank of New York Mellon is the Trustee under the Indenture with respect to
the Securities (the “Trustee”) and is also the Registrar and Paying Agent in connection with the Securities. The Company may maintain banking relationships with the Trustee in the ordinary course of business. 

 

	V.	Governing law 

 THIS SECURITY IS GOVERNED BY, AND SHALL BE CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK. 
  

	W.	Definitions 

 As used in this Security, the following terms have the following meanings
and, to the extent inconsistent with the meanings of such terms in the Indenture, shall supersede the same terms set forth therein: 

“Change of Control” means the occurrence of any of the following after the Issue Date: 

(1) the sale, lease or transfer, in one or a series of related transactions, of all or substantially all of the Company’s consolidated
assets, taken as a whole, directly or indirectly, to any Person other than a Permitted Holder; or 
 (2) any “person” or
“group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act, or any successor provision), other than one or more Permitted Holders, shall become the “beneficial owner” (as defined in Rules 13d-3 and 13d-5
under the Exchange Act, or any successor provision) of more than 50 percent of the voting power of the Company’s capital stock. 

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

  
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 “Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

 “Exchange Act” means the Securities Exchange Act of 1934, as amended (which term, as used herein, includes the rules and
regulations promulgated thereunder). 
 “Financial Services Subsidiary” means a Subsidiary of the Company: 

(1) which carries on no material business other than the offer and sale of financial services products to customers of Members of the Group in
any of the following areas: 
 (a) retail financing for the purchase, contract hire or lease of new or old equipment manufactured by a
Member of the Group or any other manufacturer whose products are from time to time sold through the dealer network of a Member of the Group; 

(b) other retail and wholesale financing programs reasonably related thereto, including, without limitation, financing to the dealer network
of any Member of the Group; 
 (c) insurance and credit card products and services reasonably related thereto, together with the
underwriting, marketing, servicing and other related support activities incidental to the offer and sale of such financial services products; and 

(d) licensed banking activities; or 

(2) a holding company of a Financial Services Subsidiary which carries on no material business or activity other than holding shares in that
Financial Services Subsidiary and/or activities described in Clause (1) of this definition. 
 “Government Securities”
means securities that are (i) direct obligations of the United States of America for the timely payment of which its full faith and credit is pledged, or (ii) obligations of a Person controlled or supervised by and acting as an agency or
instrumentality of the United States of America the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case, are not callable or redeemable at the option of
the issuers thereof, and shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such Government Securities or a specific payment of principal of or
interest on any such Government Securities held by such custodian for the account of the holder of such depository receipt; provided, however, that (except as required by law) such custodian is not authorized to make any deduction from
the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Securities or the specific payment of principal of or interest on the Government Securities evidenced by such
depository receipt. 
 “IFRS” means the International Financial Reporting Standards issued by the International Accounting
Standards Board. 

  
 -22- 

 “Indebtedness” means any indebtedness (whether principal, premium or interest)
for or in respect of (A) any notes, bonds, debenture stock, loan stock or other securities, (B) any Loan Financing, or (C) any liability under or in respect of any banker’s acceptance or banker’s acceptance credit; provided,
that (x) indebtedness of a Member of the Group to any other Member of the Group and (y) indebtedness that qualifies as Non-recourse Securitization Debt shall, in each case, not be deemed to be Indebtedness for purposes of Clause E above or
any other purpose of this Security. 
 “Industrial Subsidiary” means each Subsidiary of the Company other than a Financial
Services Subsidiary. 
 “Investment Grade” means a rating of BBB- or higher by S&P or a rating of Baa3 or higher by
Moody’s or the equivalent of such ratings. 
 “Issue Date” means April 14, 2015. 

“Loan Financing” means any money borrowed from (A) a bank, financial institution, hedge fund, pension fund, or insurance
company or (B) any other entity having as its principal business the lending of money and/or investing in loans, in each case other than public or quasi-public entities or international organizations with a public or quasi-public character.

 “Material Subsidiary” means (A) FCA Italy S.p.A. (and any other Person Controlled by the Company which FCA Italy
S.p.A. is consolidated or merged with or into or to whom all or substantially all of the assets of such entity is sold, assigned, transferred, leased or otherwise disposed of); (B) FCA US LLC (and any other Person Controlled by the Company
which FCA US LLC is consolidated or merged with or into or to whom all or substantially all of the assets of such entity is sold, assigned, transferred, leased or otherwise disposed of); (C) any Member of the Group the total assets of which on
a stand-alone basis (excluding intra-Group items and as determined from the entity’s most recent IFRS financial data used by the Company in the preparation of its most recent audited IFRS consolidated financial statements) constitutes five
percent or more of the consolidated total assets of the FCA Group (as determined from the Company’s most recent audited IFRS consolidated financial statements); (D) any Treasury Subsidiary or (E) any entity under the Company’s
direct or indirect Control that directly or indirectly Controls a Subsidiary that meets the requirements of the preceding clauses (A), (B), (C) or (D), provided that if any such entity Controls such a Subsidiary only pursuant to the aggregate
ownership test specified in the proviso to clause (1) of the definition of “Control”, “Controls” or “Controlled” below, then, and only then, the Company shall have the right to designate which such entities shall
be deemed to so Control such a Subsidiary provided that, in each case, such designated entities Control in the aggregate more than 50 percent of the relevant Subsidiary’s voting stock. For purposes of this definition of “Material
Subsidiary,” (i) the term “Control”, “Controls” or “Controlled” means (1) the direct or indirect ownership (beneficial or otherwise) of more than 50 percent of the voting stock of a
Person measured by voting power rather than number of shares, provided that to the extent that no single entity directly owns more than 50 percent of the voting stock of a Person, entities with aggregate direct or indirect ownership of more than 50
percent of the voting stock of a Person shall be deemed to Control such Person or (2) the power to appoint or remove all or the majority of the 

  
 -23- 

 
directors or other equivalent officers of a Person and (ii) no Financial Services Subsidiary shall be considered or deemed to be a Material Subsidiary. Notwithstanding the foregoing, a
Subsidiary shall be considered or deemed to be a Material Subsidiary only to the extent that such is located or domiciled in an OECD Country (or, to the extent that the Organization for Economic Co-operation and Development or a successor
organization no longer exists, the countries that were members of the relevant organization on the date such organization ceased to exist). 

“Member of the Group” means each of the Company and any direct or indirect subsidiaries it fully consolidates on a
line-by-line basis in accordance with IFRS. 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor
to its rating agency business. 
 “Non-recourse Securitization” means any securitization, asset backed financing or
transaction having similar effect under which an entity (or entities in related transactions) on commercially reasonable terms: 
 (1)
acquires receivables for principally cash consideration or uses existing receivables; and 
 (2) issues any notes, bonds, commercial paper,
loans or other securities (whether or not listed on a recognized stock exchange) to fund the purchase of or otherwise backed by those receivables and/or any shares or other interests referred to in Clause (3)(b) under “Permitted
Liens” below and the payment obligations in respect of such notes, bonds, commercial paper, loans or other securities: 
 (a) are
secured on those receivables; and 
 (b) are not guaranteed by any Member of the Group (other than as a result of any Lien which is granted
by any Member of the Group as permitted by Clause (3)(b) under “Permitted Liens” below or as to the extent of any Standard Securitization Undertakings). 

“Non-recourse Securitization Debt” means any Indebtedness incurred by a Securitization Entity pursuant to a securitization of
receivables where the recourse in respect of that Indebtedness to the Company is limited to: 
 (1) those receivables and/or related
insurance and/or any Standard Securitization Undertakings; and 
 (2) if those receivables comprise all or substantially all of the business
or assets of such Securitization Entity, the shares or other interests of any Member of the Group in such Securitization Entity. 

provided that any Indebtedness not qualifying as Non-recourse Securitization Debt solely because the extent of recourse to any Member
of the Group with respect to such Indebtedness is greater than that provided in Clauses (1) and (2) of this definition shall only not qualify as Non-recourse Securitization Debt with respect to the extent of such additional recourse. 

“OECD Country” means a country that is a member of the Organization for Economic Co-operation and Development or any
successor organization at the time of 

  
 -24- 

 
the occurrence of a payment default or acceleration specified in Clause M (or, to the extent that the Organization for Economic Co-operation and Development or a successor organization no
longer exists, at the time the relevant organization ceased to exist). 
 “Permitted Holder” means (i) Exor S.p.A. and
any other Person under the control of Giovanni Agnelli e C. S.a.p.az. and their successors, (ii) each of the owners and beneficial holders of interests in Giovanni Agnelli e C. S.a.p.az. (at the Issue Date and each of their spouses, heirs,
legatees, descendents and blood relatives to the third degree), or (iii) Giovanni Agnelli e C. S.a.p.az. Any Person or group whose acquisition of assets or beneficial ownership constitutes a Change of Control in respect of which a Change of
Control Offer is made in accordance with the requirements of Clause D above (or would result in a Change of Control Offer in the absence of the waiver of such requirement by Holders) shall thereafter constitute an additional Permitted Holder. 

“Permitted Liens” means: 

(1) Liens existing on the Issue Date; or 

(2) Liens arising by operation of law, by contract having an equivalent effect, from rights of set-off arising in the ordinary course of
business between the Company and any of the Company’s respective suppliers or customers, or from rights of set-off or netting arising by operation of law (or by contract having similar effect) by virtue of the provision to the Company of
clearing bank facilities or overdraft facilities; or 
 (3) any Lien over: 

(a) the receivables of a Securitization Entity (and any bank account to which such proceeds are deposited) which are subject to a Non-recourse
Securitization as security for Non-recourse Securitization Debt raised by such Securitization Entity in respect of such receivables; and/or 

(b) the shares or other interests owned by any Member of the Group in any Securitization Entity as security for Non-recourse Securitization
Debt raised by such Securitization Entity provided that the receivables or revenues which are the subject of the relevant Non-recourse Securitization comprise all or substantially all of the business of such Securitization Entity; or 

(4) any Liens on assets acquired by a Member of the Group after the Issue Date, provided that (i) such Lien was existing or agreed to be
created at or before the time the relevant asset was acquired by a Member of the Group, (ii) such Lien was not created in contemplation of such acquisition, and (iii) the principal amount then secured does not exceed the principal amount
of the committed financing then secured (whether or not drawn), with respect to such assets at the time the relevant asset was acquired by a Member of the Group; or 

(5) any Lien created to secure all or any part of the purchase price, or to secure Quoted Indebtedness incurred or assumed to pay all or any
part of the purchase price or cost of construction, of property (or any improvement thereon) acquired or constructed by the Company after the Issue Date, provided, that (i) any such Lien shall extend solely to the item or items of property (or
improvement thereon) so acquired or constructed and (ii) the principal amount of Quoted Indebtedness secured by any such Lien shall at no time exceed an amount equal to the fair market value of such property (or any improvement thereon) at the
time of such acquisition or construction; or 

  
 -25- 

 (6) any Lien securing Quoted Indebtedness incurred to refinance other Indebtedness itself secured
by a Lien included in Clauses (1), (2), (4) or (5) of this definition, but only if the principal amount of the Quoted Indebtedness is not increased and only the same assets are secured as were secured by the prior Lien; or 

(7) any Lien provided in favor of any bank or governmental (central or local), intergovernmental or supranational body, agency, department or
other authority securing any of the Company’s Quoted Indebtedness under a loan scheme operated by (or on behalf of) Banco Nacional de Desenvolvimento Economico e Social, Finame, Banco de Minas Gerais, the United States Department of Energy, the
United States Department of the Treasury, a member country of the OECD, Argentina, Brazil, China, India, South Africa or any supranational entity (such as the European Bank for Reconstruction and Development or the International Finance Corporation)
where the provision of such Lien is required for the relevant loan; or 
 (8) (i) any Lien created on the shares of capital stock of any of
the Company’s subsidiaries, and (ii) any Lien created on the assets of any of the Company’s subsidiaries of the type described in Clause (5) of this definition other than shares of capital stock of any of the Company’s
subsidiaries. 
 “Qualifying Guarantee” means a direct or indirect guarantee in respect of any Indebtedness or a direct or
indirect indemnity against the consequences of a default in the payment of any Indebtedness, other than, in each case, by endorsement of negotiable instruments, letters of credit or reimbursement agreements in the ordinary course of business. 

“Quoted Indebtedness” means any Indebtedness in the form of, or represented by, bonds, notes, debentures, loan stock or other
securities and which at the time of issue is, or is capable of being, quoted, listed or ordinarily dealt in on any stock exchange or over-the-counter market or other securities market (whether or not initially distributed by means of a private
placement). 
 “Rating Agencies” means (i) S&P and (ii) Moody’s or (iii) if S&P or Moody’s
or both shall not make a rating of the Securities publicly available, a securities rating agency or agencies, as the case may be, nationally recognized in the U.S. and selected by the Company, which shall be substituted for S&P or Moody’s
or both, as the case may be. 
 “Rating Date” means the date which is 60 days prior to the date of the public notice by the
Company or another Person seeking to effect a Change of Control of an arrangement that, as determined in good faith by the Company, is expected to result in a Change of Control. 

“Rating Decline” means the occurrence on any date from and after the date of the public notice by the Company or another
Person seeking to effect a Change of Control of an arrangement that, as determined in good faith by the Company, is expected to result in a Change of Control until the end of the 60 day period thereafter of a decline in the rating of the Securities
(i) in the event the Securities are rated below Investment Grade by both Rating Agencies on the Rating Date, by at least one notch in the gradation of the rating 

  
 -26- 

 
scale (e.g., + or – for S&P or 1, 2 and 3 for Moody’s) from both Rating Agencies’ rating of the Securities, or (ii) in the event the Securities are rated as Investment
Grade by either Rating Agency on the Rating Date, the rating of the Securities shall be reduced so that the Securities are rated below Investment Grade by both Rating Agencies. In no event shall the Trustee be responsible for monitoring or be
charged with knowledge of a Rating Decline. 
 “Securitization Entity” means any special purpose vehicle created for the
sole purpose of carrying out, or otherwise used solely for the purpose of carrying out a Non-recourse Securitization or any other Industrial Subsidiary which is effecting Non-recourse Securitization. 

“S&P” means Standard & Poor’s, a division of The McGraw Hill Companies, Inc., and any successor to its
rating agency business. 
 “Standard Securitization Undertakings” means representations, warranties, covenants and
indemnities entered into by any Member of the Group from time to time which are customary in relation to Non-recourse Securitization, including any performance undertakings with respect to servicing obligations or undertakings with respect to
breaches of representations or warranties. 
 “Treasury Rate” means, as of any Redemption Date, the yield to maturity as of
such Redemption Date of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two Business Days prior
to the Redemption Date (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to the Maturity; provided, however, that if the period
from the Redemption Date to the Maturity for the Securities is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. 

“Treasury Subsidiary” means (A) each Fiat Chrysler Finance Europe S.A., Fiat Chrysler Finance North America Inc., and
Fiat Chrysler Finance Canada Ltd. and (B) any other Subsidiary of the Company the primary purpose of which is borrowing funds, issuing securities or incurring Indebtedness. For the avoidance of doubt, “Treasury Subsidiary” does not,
and shall not be deemed to, include any Financial Services Subsidiary. 

  
 -27-EX-4.6

 Exhibit 4.6 

EXECUTION VERSION 
 REGISTRATION
RIGHTS AGREEMENT 
 by and between 

FIAT CHRYSLER AUTOMOBILES N.V., 

J.P. MORGAN SECURITIES LLC 

and 
 MERRILL LYNCH, PIERCE,
FENNER & SMITH INCORPORATED 
 Dated as of April 14, 2015 

 REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”) is made and entered into as of April 14, 2015, by and between Fiat
Chrysler Automobiles N.V., a public company with limited liability incorporated under the laws of the Netherlands (the “Company”), and J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as
representatives (the “Representatives”) of the other several initial purchasers named in Schedule 1 to the Purchase Agreement (as defined below) dated April 9, 2015 (collectively, the “Initial Purchasers”), each of
whom has agreed to purchase the Company’s 4.500% Senior Notes due 2020 (the “Initial 2020 Notes”) and the Company’s 5.250% Senior Notes due 2023 (the “Initial 2023 Notes”, and together with the 2020 Notes,
the “Initial Notes”) pursuant to the Purchase Agreement. 
 This Agreement is made pursuant to the Purchase Agreement,
dated April 9, 2015 (the “Purchase Agreement”), among the Company and the Representatives on behalf of the Initial Purchasers (i) for the benefit of the Initial Purchasers and (ii) for the benefit of the holders from
time to time of the Initial Notes, including the Initial Purchasers. In order to induce the Initial Purchasers to purchase the Initial Notes, the Company has agreed to provide the registration rights set forth in this Agreement. The execution and
delivery of this Agreement is a condition to the obligations of the Initial Purchasers set forth in Section 5(l) of the Purchase Agreement. 

The parties hereby agree as follows: 

1. Definitions. As used in this Agreement, the following capitalized terms shall have the following meanings: 

Additional Interest Payment Date: With respect to the Initial Notes, each Interest Payment Date. 

Broker-Dealer: Any broker or dealer registered under the Exchange Act. 

Business Day: Any day other than a Saturday, Sunday or U.S. federal holiday or a day on which banking institutions or trust companies
located in New York, New York are authorized or obligated to be closed. 
 Closing Date: The date of this Agreement. 

Commission: The Securities and Exchange Commission. 

Consummate: A registered Exchange Offer shall be deemed “Consummated” for purposes of this Agreement upon the occurrence of
(i) the filing and effectiveness under the Securities Act of the Exchange Offer Registration Statement relating to the Exchange Notes to be 

 
issued in the Exchange Offer, (ii) the maintenance of such Exchange Offer Registration Statement as continuously effective and the keeping of the Exchange Offer open for a period not less
than the minimum period required pursuant to Section 3(b) hereof, and (iii) the delivery by the Company to the Registrar under the Indenture of Exchange Notes in the same aggregate principal amount as the aggregate principal amount of
Initial Notes that were tendered during such period by Holders thereof pursuant to the Exchange Offer. 
 Effectiveness Target Date:
As defined in Section 5 hereof. 
 Exchange Act: The Securities Exchange Act of 1934, as amended. 

Exchange Offer: The registration by the Company under the Securities Act of the Exchange Notes pursuant to a Registration Statement
pursuant to which the Company offers the Holders of all outstanding Transfer Restricted Notes the opportunity to exchange all such outstanding Transfer Restricted Notes held by such Holders for Exchange Notes of the same series as such Transfer
Restricted Notes in an aggregate principal amount equal to the aggregate principal amount of the Transfer Restricted Notes tendered in such exchange offer by such Holders. 

Exchange Offer Registration Statement: The Registration Statement relating to the Exchange Offer, including the related Prospectus.

 Exchange 2020 Notes: The 4.500% Senior Notes due 2020 of the same series under the Indenture as the Initial 2020 Notes, to be
issued to Holders in exchange for Transfer Restricted Notes of the same series as the Initial 2020 Notes pursuant to this Agreement. 

Exchange 2023 Notes: The 5.250% Senior Notes due 2023 of the same series under the Indenture as the Initial 2023 Notes, to be issued to
Holders in exchange for Transfer Restricted Notes of the same series as the Initial 2023 Notes pursuant to this Agreement. 
 Exchange
Notes: The Exchange 2020 Notes together with the Exchange 2023 Notes. 
 Exempt Resales: The transactions in which the Initial
Purchasers propose to sell the Initial Notes to certain “qualified institutional buyers,” as such term is defined in Rule 144A under the Securities Act and to certain non-U.S. persons pursuant to Regulation S under the Securities Act.

 FINRA: Financial Industry Regulatory Authority, Inc. 

Holder: As defined in Section 2(b) hereof. 

Indemnified Holder: As defined in Section 8(a) hereof. 

Indenture: The Indenture, dated as of April 14, 2015, by and between the Company and The Bank of New York Mellon, as trustee (the
“Trustee”), pursuant to which the Notes are to be issued, as such Indenture has been or is amended or supplemented from time to time in accordance with the terms thereof. 

  
 -2- 

 Initial Placement: The issuance and sale by the Company of the Initial Notes to the
Initial Purchasers pursuant to the Purchase Agreement. 
 Initial 2020 Notes: As defined in the preamble hereto. 

Initial 2023 Notes: As defined in the preamble hereto. 

Initial Notes: As defined in the preamble hereto. 

Interest Payment Date: As defined in the Indenture and the Notes. 

Person: An individual, partnership, corporation, trust or unincorporated organization, or a government or agency or political
subdivision thereof. 
 Prospectus: The prospectus included in a Registration Statement, as amended or supplemented by any prospectus
supplement and by all other amendments thereto, including post-effective amendments, and all material incorporated by reference into such prospectus. 

Registration Default: As defined in Section 5 hereof. 

Registration Statement: Any registration statement of the Company relating to (a) an offering of Exchange Notes pursuant to an
Exchange Offer or (b) the registration for resale of Transfer Restricted Notes pursuant to the Shelf Registration Statement, which is filed pursuant to the provisions of this Agreement, in each case, including the Prospectus included therein,
all amendments and supplements thereto (including post-effective amendments) and all exhibits and material incorporated by reference therein. 

Notes: The Initial Notes together with the Exchange Notes. 

Securities Act: The Securities Act of 1933, as amended. 

Shelf Filing Deadline: As defined in Section 4(a) hereof. 

Shelf Registration Statement: As defined in Section 4(a) hereof. 

Suspension Period: As defined in Section 6 hereof. 

Transfer Restricted Notes: Each Initial Note, until the earliest to occur of (a) the date on which such Initial Note is exchanged
in the Exchange Offer for an Exchange Note entitled to be resold to the public by the Holder thereof without complying with the prospectus delivery requirements of the Securities Act, (b) the date on which such Initial Note has been effectively
registered under the Securities Act and disposed of in accordance with a Shelf Registration Statement and (c) the date on which such Initial Note is distributed to the public by a Broker-Dealer pursuant to the “Plan of Distribution”
contemplated by the Exchange Offer Registration Statement (including delivery of the Prospectus contained therein). 

  
 -3- 

 Trust Indenture Act: The Trust Indenture Act of 1939, as amended, which term, as used
herein, includes the rules and regulations of the Commission promulgated thereunder. 
 Underwritten Registration or Underwritten
Offering: A registration in which securities of the Company are sold to an underwriter for re-offering to the public. 
 2. Notes
Subject to this Agreement. 
 (a) Transfer Restricted Notes. The securities entitled to the benefits of this Agreement are the
Transfer Restricted Notes. 
 (b) Holders of Transfer Restricted Notes. A Person is deemed to be a holder of Transfer Restricted
Notes (each, a “Holder”) whenever such Person owns Transfer Restricted Notes. 
 3. Registered Exchange Offer. 

(a) Unless the Exchange Offer shall not be permissible under applicable law or Commission policy (after the procedures set forth in
Section 6(a) hereof have been complied with), the Company shall (i) cause to be filed with the Commission no later than 270 days after the Closing Date (or if such 270th day is not a
Business Day, the next succeeding Business Day), a Registration Statement under the Securities Act relating to the Exchange Notes and the Exchange Offer, (ii) use its reasonable efforts to cause such Registration Statement to become effective
no later than 360 days after the Closing Date (or if such 360th day is not a Business Day, the next succeeding Business Day), (iii) in connection with the foregoing, use its reasonable
efforts to file (A) all pre-effective amendments to such Registration Statement as may be necessary in order to cause such Registration Statement to become effective, (B) if applicable, a post-effective amendment to such Registration
Statement pursuant to Rule 430A under the Securities Act and (C) cause all necessary filings in connection with the registration and qualification of the Exchange Notes to be made under the state securities or blue sky laws of such
jurisdictions as are necessary to permit Consummation of the Exchange Offer, and (iv) upon the effectiveness of such Registration Statement, commence the Exchange Offer. The Exchange Offer Registration Statement shall be on the appropriate form
permitting registration of the Exchange Notes to be offered in exchange for the Transfer Restricted Notes and to permit resales of Initial Notes held by Broker-Dealers as contemplated by Section 3(c) hereof. 

(b) The Company shall use reasonable efforts to cause the Exchange Offer Registration Statement to be effective continuously and shall keep
the Exchange Offer open for a period of not less than the minimum period required under applicable federal and state securities laws to Consummate the Exchange Offer; provided, however, that in no event shall such period be less than 20
Business Days after the date notice of the Exchange Offer is mailed to the Holders. The Company shall cause the Exchange Offer to comply with all applicable federal and state securities laws. No securities other than the Exchange Notes shall be
included in the 

  
 -4- 

 
Exchange Offer Registration Statement. The Company shall use its reasonable efforts to cause the Exchange Offer to be Consummated as promptly as reasonably practicable after the Exchange Offer
Registration Statement has become effective, but in no event later than 390 days after the Closing Date (or if such 390th day is not a Business Day, the next succeeding Business Day). 

(c) The Company shall indicate in a “Plan of Distribution” section contained in the Prospectus forming a part of the Exchange Offer
Registration Statement that any Broker-Dealer who holds Initial Notes that are Transfer Restricted Notes and that were acquired for its own account as a result of market-making activities or other trading activities (other than Transfer Restricted
Notes acquired directly from the Company), may exchange such Initial Notes pursuant to the Exchange Offer; however, such Broker-Dealer may be deemed to be an “underwriter” within the meaning of the Securities Act and must, therefore,
deliver a prospectus meeting the requirements of the Securities Act in connection with any resales of the Exchange Notes received by such Broker-Dealer in the Exchange Offer, which prospectus delivery requirement may be satisfied by the delivery by
such Broker-Dealer of the Prospectus contained in the Exchange Offer Registration Statement. Such “Plan of Distribution” section shall also contain all other information with respect to such resales by Broker-Dealers that the Commission
may require in order to permit such resales pursuant thereto, but such “Plan of Distribution” shall not name any such Broker-Dealer or disclose the amount of Initial Notes held by any such Broker-Dealer except to the extent required by the
Commission. The Company and the Representatives acknowledge and agree that they do not believe that under current law, policies and interpretations of the Commission naming any such Broker-Dealer or disclosing the amount of Initial Notes held by any
such Broker-Dealer would be required. 
 (d) The Company shall use its reasonable efforts to keep the Exchange Offer Registration Statement
continuously effective, supplemented and amended as required by the provisions of Section 6(c) hereof to the extent necessary to ensure that it is available for resales of Initial Notes acquired by Broker-Dealers for their own accounts as a
result of market-making activities or other trading activities, and to ensure that it conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to time, for
a period ending on the earlier of (i) 180 days from the date on which the Exchange Offer Registration Statement is declared effective and (ii) the date on which a Broker-Dealer is no longer required to deliver a prospectus in connection
with market-making or other trading activities. 
 (e) The Company shall provide sufficient copies of the latest version of the Prospectus
to Broker-Dealers promptly upon request at any time during such 180-day (or shorter as provided in the foregoing sentence) period in order to facilitate such resales. 

4. Shelf Registration. 

(a) Shelf Registration. If (i) the Company is not required to file an Exchange Offer Registration Statement or to consummate the
Exchange Offer because the Exchange Offer is not permitted by applicable law or Commission policy (after the procedures set forth in Section 6(a) hereof have been complied with), (ii) for any reason the Exchange Offer is not Consummated

  
 -5- 

 
within 390 days after the Closing Date (or if such 390th day is not a Business Day, the next succeeding Business Day), or (iii) with
respect to any Holder of Transfer Restricted Notes (A) such Holder is prohibited by applicable law or Commission policy from participating in the Exchange Offer, or (B) such Holder may not resell the Exchange Notes acquired by it in the
Exchange Offer to the public without delivering a prospectus and that the Prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder, or (C) such Holder is a Broker-Dealer
and holds Initial Notes acquired directly from the Company or one of their affiliates, then, upon such Holder’s request, the Company shall 

(x) cause to be filed a shelf registration statement pursuant to Rule 415 under the Securities Act, which may be an amendment to the Exchange
Offer Registration Statement (in either event, the “Shelf Registration Statement”), no later than the later of (i) the 90th day after the date such filing obligation arises
and (ii) the 390th day after the Closing Date (or if such 390th day is not a Business Day, the next succeeding Business Day) (such
earliest date being the “Shelf Filing Deadline”), which Shelf Registration Statement shall provide for resales of all Transfer Restricted Notes the Holders of which shall have provided the information required pursuant to
Section 4(b) hereof; and 
 (y) use its reasonable efforts to cause such Shelf Registration Statement to be declared effective by the
Commission on or before the 90th day after the Shelf Filing Deadline (or if such 90th day is not a Business Day, the next succeeding Business
Day). 
 The Company shall use its reasonable efforts to keep such Shelf Registration Statement continuously effective, supplemented and
amended as required by the provisions of Sections 6(b) and (c) hereof to the extent necessary to ensure that it is available for resales of Initial Notes by the Holders of Transfer Restricted Notes entitled to the benefit of this
Section 4(a), and to ensure that it conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to time, for a period of at least one year following the
effective date of such Shelf Registration Statement (or shorter period that will terminate when all the Initial Notes covered by such Shelf Registration Statement have been sold pursuant to such Shelf Registration Statement). 

(b) Provision by Holders of Certain Information in Connection with the Shelf Registration Statement. No Holder of Transfer Restricted
Notes may include any of its Transfer Restricted Notes in any Shelf Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the Company in writing, within 10 Business Days after receipt of a request therefor, such
information as the Company may reasonably request for use in connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein. Each Holder as to which any Shelf Registration Statement is being effected agrees
to furnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such Holder not materially misleading. 

5. Additional Interest. If (i) any of the Registration Statements required by this Agreement is not filed with the
Commission on or prior to the last date specified for such filing in this Agreement, (ii) any of such Registration Statements has not been declared effective by the Commission on or prior to the last date specified for such effectiveness in
this Agreement (the 

  
 -6- 

 
“Effectiveness Target Date”), (iii) the Exchange Offer has not been Consummated within 40 Business Days after the Effectiveness Target Date with respect to the Exchange
Offer Registration Statement or (iv) any Registration Statement required by this Agreement is filed and declared effective but shall thereafter cease to be effective or fail to be usable for its intended purpose (except as specifically
permitted herein, including with respect to any Suspension Period as provided in Section 6(a) hereof) without being succeeded promptly by a post-effective amendment to such Registration Statement that cures such failure and that is itself
promptly declared effective (each such event referred to in clauses (i) through (iv), a “Registration Default”), the Company hereby agree that the interest rate borne by the Transfer Restricted Notes shall be increased by
0.125% per annum during the 90-day period immediately following the occurrence of any Registration Default and shall increase by 0.125% per annum at the end of each subsequent 90-day period, but in no event shall such increase exceed
0.50% per annum. Following the earlier of (x) the cure of all Registration Defaults relating to any particular Transfer Restricted Notes and (y) the day on which there are no outstanding Transfer Restricted Notes, the interest rate
borne by the relevant Transfer Restricted Notes will be reduced to the original interest rate borne by such Transfer Restricted Notes; provided, however, that, if after any such reduction in interest rate, a different Registration Default
occurs, the interest rate borne by the relevant Transfer Restricted Notes shall again be increased pursuant to the foregoing provisions. 

All obligations of the Company set forth in the preceding paragraph that are outstanding with respect to any Transfer Restricted Note at the
time such note ceases to be a Transfer Restricted Note shall survive until such time as all such obligations with respect to such note shall have been satisfied in full. 

Notwithstanding the foregoing, (i) the amount of additional interest payable shall not increase because more than one Registration
Default has occurred and is pending and (ii) a Holder of Transfer Restricted Notes that is not entitled to the benefits of the Shelf Registration Statement (because, e.g., such Holder has not elected to include information or has not timely
delivered such information to the Company pursuant to Section 4(b) hereof) shall not be entitled to additional interest with respect to a Registration Default that pertains to such Shelf Registration Statement following the time such Holder is
no longer entitled to the benefits of such Shelf Registration Statement (e.g., such time as the Holder elects not to include information or following the deadline to timely deliver information to the Company pursuant to Section 4(b) hereof).

 6. Registration Procedures. 

(a) Exchange Offer Registration Statement. In connection with the Exchange Offer, the Company shall comply with all of the provisions
of Section 6(c) hereof, shall use its reasonable efforts to effect such exchange to permit the sale of Transfer Restricted Notes being sold in accordance with the intended method or methods of distribution thereof, and shall comply with all of
the following provisions: 
 (i) If in the reasonable opinion of counsel to the Company there is a question as to whether the Exchange Offer
is permitted by applicable law, the Company hereby agrees to seek a no-action letter or other favorable decision from the Commission allowing the Company to Consummate an Exchange Offer for such Initial Notes. The Company hereby agrees to use
reasonable efforts to pursue the issuance of such a decision. 

  
 -7- 

 (ii) As a condition to its participation in the Exchange Offer pursuant to the terms of this
Agreement, each Holder of Transfer Restricted Notes shall furnish, upon the request of the Company, prior to the Consummation thereof, a written representation to the Company (which may be contained in the letter of transmittal contemplated by the
Exchange Offer Registration Statement) to the effect that (A) it is not an affiliate of the Company, (B) it is not engaged in, and does not intend to engage in, and has no arrangement or understanding with any Person to participate in, a
distribution of the Exchange Notes to be issued in the Exchange Offer and (C) it is acquiring the Exchange Notes in its ordinary course of business. In addition, all such Holders of Transfer Restricted Notes shall otherwise cooperate in the
Company’s preparations for the Exchange Offer. Each Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder using the Exchange Offer to participate in a distribution of the notes to be acquired in the Exchange Offer
(1) could not under Commission policy as in effect on the date of this Agreement rely on the position of the Commission enunciated in Morgan Stanley and Co., Inc. (available June 5, 1991) and Exxon Capital Holdings
Corporation (available May 13, 1988), as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993, and similar no-action letters (which may include any no-action letter obtained pursuant to clause
(i) above), and (2) must comply with the registration and prospectus delivery requirements of the Securities Act in connection with a secondary resale transaction and that such a secondary resale transaction should be covered by an
effective registration statement containing the selling note holder information required by Item 507 or 508, as applicable, of Regulation S-K if the resales are of Exchange Notes obtained by such Holder
in exchange for Initial Notes acquired by such Holder directly from the Company. 
 (b) Shelf Registration Statement. In connection
with any requirement to file a Shelf Registration Statement, the Company shall comply with all the provisions of Section 6(c) hereof and shall use its reasonable efforts to effect such registration to permit the sale of the Transfer Restricted
Notes being sold in accordance with the intended method or methods of distribution thereof, and pursuant thereto the Company will use reasonable efforts to prepare and file with the Commission a Registration Statement relating to the registration on
any appropriate form under the Securities Act, which form shall be available for the offer and sale of the Transfer Restricted Notes in accordance with the reasonable intended method or methods of distribution thereof. 

(c) General Provisions. In connection with any Registration Statement and any Prospectus required by this Agreement to permit the sale
or resale of Transfer Restricted Notes (including, without limitation, any Registration Statement and the related Prospectus required to permit resales of Initial Notes by Broker-Dealers), the Company shall: 

(i) use its reasonable efforts to keep such Registration Statement continuously effective and provide all requisite financial statements as
required by the Securities Act or any regulation thereunder; upon the occurrence of any event that would cause any such Registration Statement or the Prospectus contained therein (A) to contain a material misstatement or omission

  
 -8- 

 
or (B) not to be effective and usable for resale of Transfer Restricted Notes during the period required by this Agreement, the Company shall file promptly an appropriate amendment to such
Registration Statement (or if permitted file with the Commission a document incorporated by reference into the Registration Statement), in the case of clause (A), correcting any such misstatement or omission, and, in the case of either clause
(A) or (B), use its reasonable efforts to cause such amendment to be declared effective and such Registration Statement and the related Prospectus to become usable for their intended purpose(s) as soon as practicable thereafter; 

(ii) prepare and file with the Commission such amendments and post-effective amendments to the applicable Registration Statement as may
reasonably be necessary to keep the Registration Statement effective for the applicable period set forth in Section 3 or 4 hereof, as applicable, or such shorter period as will terminate when all Transfer Restricted Notes covered by such
Registration Statement have been sold; cause the Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 under the Securities Act, and to comply with the applicable provisions of
Rules 424 and 430A under the Securities Act in a timely manner; and comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such Registration Statement during the applicable period in accordance
with the reasonable intended method or methods of distribution by the sellers thereof set forth in such Registration Statement or supplement to the Prospectus; 

(iii) advise the underwriter(s), if any, and selling Holders reasonably promptly and, if requested by such Persons, to confirm such advice in
writing, (A) when the Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to any Registration Statement or any post-effective amendment thereto, when the same has become effective, (B) of
any request by the Commission for amendments to the Registration Statement or amendments or supplements to the Prospectus or for additional information relating thereto, (C) of the issuance by the Commission of any stop order suspending the
effectiveness of the Registration Statement under the Securities Act or of the suspension by any state securities commission of the qualification of the Transfer Restricted Notes for offering or sale in any jurisdiction, or the initiation of any
proceeding for any of the preceding purposes, (D) of the existence of any fact or the happening of any event that makes any statement of a material fact made in the Registration Statement, the Prospectus, any amendment or supplement thereto, or
any document incorporated by reference therein untrue, or that requires the making of any additions to or changes in the Registration Statement or the Prospectus in order to make the statements therein not misleading. If at any time the Commission
shall issue any stop order suspending the effectiveness of the Registration Statement, or any state securities commission or other regulatory authority shall issue an order suspending the qualification or exemption from qualification of the Transfer
Restricted Notes under state securities or blue sky laws, the Company shall use its reasonable best efforts to obtain the withdrawal or lifting of such order as soon as practicable thereafter; 

(iv) furnish without charge to each selling Holder named in any Registration Statement and each of the underwriter(s), if any, before filing
with the Commission, copies of any Registration Statement or any Prospectus included therein or any amendments or supplements to any such Registration Statement or Prospectus (including all documents incorporated by reference after the initial
filing of such Registration Statement but excluding 

  
 -9- 

 
exhibits thereto to the extent such documents are available through the Commission’s EDGAR system), which documents will be subject to the review and comment of such Holders and
underwriter(s), if any, in connection with such sale, if any, for a period of at least three Business Days, and the Company shall use its reasonable best efforts to reflect in any such Registration Statement or Prospectus or any amendment or
supplement to any such Registration Statement or Prospectus (including all such documents incorporated by reference) any reasonable comments that such Holders and underwriters, if any, propose; 

(v) promptly prior to the filing of any document that is to be incorporated by reference into a Registration Statement or Prospectus, provide
copies of such document to each selling Holder named in any such Registration Statement, and to the underwriter(s), if any, make the Company’s representatives available for discussion of such document prior to the filing thereof as such selling
Holders or underwriter(s), if any, reasonably may request; 
 (vi) make available, subject to customary confidentiality agreements, at
reasonable times for inspection by the managing underwriter(s), if any, participating in any disposition pursuant to such Registration Statement and any attorney or accountant retained by any of the underwriter(s) in connection therewith, all
financial and other records, pertinent corporate documents and properties of the Company and cause the Company’s officers, directors and employees to supply all information reasonably requested by any such Holder, underwriter, attorney or
accountant in connection with such Registration Statement or any post-effective amendment thereto subsequent to the filing thereof and prior to its effectiveness and to participate in meetings with investors to the extent requested by the managing
underwriter(s), if any; 
 (vii) if requested by any selling Holders or the underwriter(s), if any, promptly incorporate in any Registration
Statement or Prospectus, pursuant to a supplement or post-effective amendment if necessary, such information as such selling Holders and underwriter(s), if any, may reasonably request to have included therein, including, without limitation,
information relating to the “Plan of Distribution” of the Transfer Restricted Notes, information with respect to the principal amount of Transfer Restricted Notes being sold to such underwriter(s), the purchase price being paid therefor
and any other terms of the offering of the Transfer Restricted Notes to be sold in such offering; and make all required filings of such Prospectus supplement or post-effective amendment as soon as practicable after the Company is notified of the
matters to be incorporated in such Prospectus supplement or post-effective amendment; 
 (viii) use reasonable best efforts to cause the
Transfer Restricted Notes covered by the Registration Statement to be rated with the appropriate rating agencies, if so requested by the Holders of a majority in aggregate principal amount of Notes covered thereby or the underwriter(s), if any; 

(ix) furnish or otherwise make available to each selling Holder and each of the underwriter(s), if any, without charge, at least one copy of
the Registration Statement, as first filed with the Commission, and of each amendment thereto, including financial statements and schedules, all documents incorporated by reference therein and all exhibits (including exhibits incorporated therein by
reference); 

  
 -10- 

 (x) deliver to each selling Holder and each of the underwriter(s), if any, without charge, as
many copies of the Prospectus (including each preliminary prospectus) and any amendment or supplement thereto as such Persons reasonably may request; the Company hereby consents to the use of the Prospectus and any amendment or supplement thereto by
each of the selling Holders and each of the underwriter(s), if any, in connection with the offering and the sale of the Transfer Restricted Notes covered by the Prospectus or any amendment or supplement thereto; 

(xi) enter into such agreements (including an underwriting agreement), and make such representations and warranties, and take all such other
reasonable actions in connection therewith in order to expedite or facilitate the disposition of the Transfer Restricted Notes pursuant to any Registration Statement contemplated by this Agreement, all to such extent as may be reasonably requested
by the Holders of at least 10% aggregate principal amount of the Transfer Restricted Notes or any underwriter in connection with any sale or resale pursuant to any Registration Statement contemplated by this Agreement; and, whether or not an
underwriting agreement is entered into and whether or not the registration is an Underwritten Registration, the Company shall: 

(A) furnish to each selling Holder and each underwriter, if any, in such substance and scope as they may request and as are
customarily made by the Company to underwriters in similar underwritten offerings, upon the effectiveness of the Shelf Registration Statement: 

(1) a certificate, dated the date of effectiveness of the Shelf Registration Statement, signed by appropriate officers of the
Company, confirming, as of the date thereof, the matters set forth in paragraphs (i), (ii) and (iii) of Section 5(d) of the Purchase Agreement and such other matters as such parties may reasonably request; 

(2) opinions and a disclosure letter, each dated the date of effectiveness of the Shelf Registration Statement, as the case may
be, in customary form, of counsel for the Company, covering the matters set forth in Section 5(f) and (g) of the Purchase Agreement and such other matter as such parties may reasonably request; and 

(3) a customary comfort letter, dated the date of effectiveness of the Shelf Registration Statement, from of Reconta
Ernst & Young S.p.A., the independent registered public accounting firm for the Company, with respect to audited financial statements included or incorporated by reference in the Shelf Registration Statement, in the customary form and
covering matters of the type customarily requested to be covered in comfort letters by underwriters in connection with similar underwritten offerings, and covering or affirming the matters set forth in the comfort letter delivered pursuant to
Section 5(e) of the Purchase Agreement, without exception; 

  
 -11- 

 (B) set forth in full or incorporate by reference in the underwriting agreement,
if any, the indemnification provisions and procedures of Section 8 hereof with respect to all parties to be indemnified pursuant to said Section; and 

(C) deliver such other documents and certificates as may be reasonably requested by such parties to evidence compliance with
Section 6(c)(xi)(A) hereof and with any customary conditions contained in the underwriting agreement or other agreement entered into by the Company pursuant to this Section 6(c)(xi), if any. 

If at any time the representations and warranties of the Company contemplated in Section 6(c)(xi)(A)(1) hereof cease to be true and
correct, the Company shall so advise the underwriter(s), if any, and each selling Holder promptly and, if requested by such Persons, shall confirm such advice in writing; 

(xii) prior to any public offering of Transfer Restricted Notes, cooperate with the selling Holders, the underwriter(s), if any, and their
respective counsel in connection with the registration and qualification of the Transfer Restricted Notes under the state securities or blue sky laws of such jurisdictions as the selling Holders or underwriter(s), if any, may request and do any and
all other acts or things necessary or advisable to enable the disposition in such jurisdictions of the Transfer Restricted Notes covered by the Shelf Registration Statement; provided, however, that the Company shall not be required to
register or qualify as a foreign corporation where it is not then so qualified or to take any action that would subject it to the service of process in suits or to taxation, other than as to matters and transactions relating to the Registration
Statement, in any jurisdiction where it is not then so subject; 
 (xiii) shall issue, upon the request of any Holder of a series of Initial
Notes covered by the Shelf Registration Statement, Exchange Notes of such series having an aggregate principal amount equal to the aggregate principal amount of Initial Notes of such series surrendered to the Company by such Holder in exchange
therefor or being sold by such Holder; such Exchange Notes to be registered in the name of such Holder or in the name of the purchaser(s) of such Exchange Notes, as the case may be; in return, the Initial Notes held by such Holder shall be
surrendered to the Company for cancellation; 
 (xiv) cooperate with the selling Holders and the underwriter(s), if any, to facilitate the
timely preparation and delivery of certificates representing Transfer Restricted Notes to be sold and not bearing any restrictive legends; and enable such Transfer Restricted Notes to be in such denominations and registered in such names as the
Holders or the underwriter(s), if any, may request at least two Business Days prior to any sale of Transfer Restricted Notes made by such Holders or underwriter(s); 

(xv) use its reasonable efforts to cause the Transfer Restricted Notes covered by the Registration Statement to be registered with or approved
by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter(s), if any, to consummate the disposition of such Transfer Restricted Notes, subject to the proviso contained in
Section 6(c)(xii) hereof; 

  
 -12- 

 (xvi) if any fact or event contemplated by Section 6(c)(iii)(D) hereof shall exist or have
occurred, prepare a supplement or post-effective amendment to the Registration Statement or related Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to the purchasers
of Transfer Restricted Notes, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein not misleading; 

(xvii) use its reasonable efforts to provide a CUSIP number for all Notes not later than the effective date of the Registration Statement
covering such Notes, provide the Trustee under the Indenture with printed certificates for such Notes which are in a form eligible for deposit with the Depository Trust Company and take all other action necessary to ensure that all such Notes are
eligible for deposit with the Depository Trust Company; 
 (xviii) cooperate and assist in any filings required to be made with FINRA and in
the performance of any due diligence investigation by any underwriter that is required to be retained in accordance with the rules and regulations of FINRA; 

(xix) otherwise use its reasonable efforts to comply with all applicable rules and regulations of the Commission, and make generally available
to its note holders, as soon as practicable, a consolidated earning statement meeting the requirements of Rule 158 (which need not be audited) for the twelve-month period (A) commencing at the end of any fiscal quarter in which Transfer
Restricted Notes are sold to underwriters in a firm commitment or best efforts Underwritten Offering or (B) if not sold to underwriters in such an offering, beginning with the first month of the Company’s first fiscal quarter commencing
after the effective date of the Registration Statement; 
 (xx) use its commercially reasonable efforts to cause all Notes covered by the
Registration Statement to be listed on each securities exchange or automated quotation system on which the Initial Notes issued by the Company are then listed (or a similar securities exchange or automated quotation system) if requested by the
Holders of a majority in aggregate principal amount of Initial Notes or the managing underwriter(s), if any; and 
 (xxi) provide promptly
to each Holder upon request each document filed with the Commission pursuant to the requirements of Section 13 and Section 15 of the Exchange Act. 

Each Holder agrees by acquisition of a Transfer Restricted Note that the Company may suspend the use or effectiveness of the applicable
Registration Statement, or extend the time period in which it is required to file the applicable Registration Statement, for up to 30 consecutive days and up to 60 days in the aggregate, in each case in any 12-month period (a “Suspension
Period”), if the Company determines that any fact of the kind described in Section 6(c)(iii)(D) hereof exists, and that upon receipt of any notice to such effect from the Company such Holder will forthwith discontinue disposition of
Transfer Restricted Notes pursuant to the applicable Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 6(c)(xvi) hereof, or until it is advised in writing
(the “Advice”) by the Company that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated by reference in the Prospectus. If so directed by the Company, each
Holder will deliver to the Company (at the 

  
 -13- 

 
Company’s expense) all copies, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such Transfer Restricted Notes that was current at the time
of receipt of such notice. In the event the Company shall give any such notice, the time period regarding the effectiveness of such Registration Statement set forth in Section 3 or 4 hereof, as applicable, shall be extended by the number of
days during the Suspension Period; provided, however, that no such suspension or extension shall be taken into account in determining whether additional interest is due pursuant to Section 5 hereof or the amount of such additional
interest, it being agreed that the Company’s option to suspend use of a Registration Statement pursuant to this paragraph shall be treated as a Registration Default for purposes of Section 5 hereof. 

(d) Following the Consummation of the Exchange Offer or the effectiveness of an applicable Shelf Registration Statement and for so long as the
Notes are outstanding, if, in the judgment of the Representatives, the Initial Purchasers or any of their affiliates (as such term is defined in the Securities Act) are required to deliver a prospectus in connection with sales of, or market-making
activities with respect to, the Notes, the Company agrees to periodically amend the applicable Registration Statement so that the information contained therein complies with the requirements of Section 10 of the Securities Act, to amend the
applicable Registration Statement or supplement the related prospectus or the documents incorporated therein when necessary to reflect any material changes in the information provided therein so that the Registration Statement and the prospectus
will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing as of the date the prospectus is so delivered, not misleading
and to provide the Initial Purchasers with copies of each amendment or supplement filed and such other documents as the Initial Purchasers may reasonably request. The Company hereby expressly acknowledges that the indemnification and contribution
provisions of Section 8 hereof are specifically applicable and relate to each offering memorandum, Registration Statement, prospectus, amendment or supplement referred to in this Section 6(d). 

7. Registration Expenses. 

(a) All reasonable and documented expenses incident to the Company’s performance of or compliance with this Agreement will be borne by
the Company, regardless of whether a Registration Statement becomes effective, including, without limitation: (i) all registration and filing fees and expenses (including filings made by any Holder with FINRA (and, if applicable, the fees and
expenses of any “qualified independent underwriter” and one counsel that may be required by the rules and regulations of FINRA)); (ii) all fees and expenses of compliance with federal securities and state securities or blue sky laws;
(iii) all expenses of printing (including printing certificates for the Exchange Notes to be issued in the Exchange Offer and printing of Prospectuses), messenger and delivery services and telephone; (iv) all fees and disbursements of
counsel for the Company, and subject to Section 7(b) hereof, the Holders of Transfer Restricted Notes; (v) all application and filing fees in connection with listing the Exchange Notes on a securities exchange or automated quotation system
pursuant to the requirements thereof; and (vi) all fees and disbursements of independent certified public accountants of the Company (including the expenses of any special audit and comfort letters required by or incident to such performance).

  
 -14- 

 The Company will, in any event, bear its internal expenses (including, without limitation, all
salaries and expenses of its officers and employees performing legal or accounting duties), the expenses of any annual audit and the fees and expenses of any Person, including special experts, retained by the Company. 

(b) In connection with any Shelf Registration Statement required by this Agreement, the Company will reimburse the Holders of Transfer
Restricted Notes being registered pursuant to the Shelf Registration Statement for the reasonable fees and disbursements of not more than one counsel as may be chosen by the Holders of a majority in principal amount of the Transfer Restricted Notes
for whose benefit such Registration Statement is being prepared. 
 8. Indemnification. 

(a) The Company agrees to indemnify and hold harmless (i) each Holder and (ii) each Person, if any, who controls (within the meaning
of Section 15 of the Securities Act or Section 20 of the Exchange Act) any Holder (any of the Persons referred to in this clause (ii) being hereinafter referred to as a “controlling person”) and (iii) the respective
officers, directors, partners, employees, representatives and agents of any Holder or any controlling person (any Person referred to in clause (i), (ii) or (iii) may hereinafter be referred to as an “Indemnified Holder”),
to the fullest extent lawful, from and against any and all losses, claims, damages, liabilities, judgments, actions and expenses (including, without limitation, and as incurred, reimbursement of all reasonable costs of investigating, preparing,
pursuing, settling, compromising, paying or defending any claim or action, or any investigation or proceeding by any governmental agency or body, commenced or threatened, including the reasonable fees and expenses of counsel to any Indemnified
Holder), joint or several, based upon or arising out of any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement or Prospectus (or any amendment or supplement thereto), or any omission or alleged
omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, except insofar as such losses, claims, damages,
liabilities or expenses are caused by an untrue statement or omission or alleged untrue statement or omission that is made in reliance upon and in conformity with information relating to any of the Holders furnished in writing to the Company by any
of the Holders expressly for use therein. This indemnity agreement shall be in addition to any liability which the Company may otherwise have. 

In case any action or proceeding (including any governmental or regulatory investigation or proceeding) shall be brought or asserted against
any of the Indemnified Holders with respect to which indemnity may be sought against the Company, such Indemnified Holder (or the Indemnified Holder controlled by such controlling person) shall promptly notify the Company in writing; provided,
however, that the failure to give such notice shall not relieve the Company of its obligations pursuant to this Agreement except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by
such failure. Notwithstanding the foregoing sentence, in case any such action or proceeding shall be brought against any Indemnified Holder and it shall notify the Company of the commencement thereof, the Company shall be entitled to participate
therein and, to the extent that the Company shall elect, jointly with any other indemnifying party similarly notified, by written notice delivered to 

  
 -15- 

 
the indemnified party promptly after receiving the aforesaid notice from such Indemnified Holder, to assume the defense thereof with counsel reasonably satisfactory to such Indemnified Holder
(who shall not, except with the consent of the Indemnified Holder, be counsel to the Company); provided, however, if the defendants in any such action include both the Indemnified Holder and the indemnifying party and an Indemnified Holder
shall have reasonably concluded that a conflict may arise between the positions of the indemnifying party and the Indemnified Holder in conducting the defense of any such action or that there may be legal defenses available to it and/or other
Indemnified Holders which are different from or additional to those available to the indemnifying party, the Indemnified Holder or Holders shall have the right to select separate counsel to assume such legal defenses and to otherwise participate in
the defense of such action on behalf of such Indemnified Holder or Holders. After notice from the Company to such Indemnified Holder of its election so to assume the defense thereof, the Company shall not be liable under this Section 8 to such
Indemnified Holder for any legal expenses of other counsel or any other expenses, in each case subsequently incurred by such Indemnified Holder, in connection with the defense thereof other than reasonable costs of investigation unless (i) the
Indemnified Holder shall have employed separate counsel in accordance with the proviso to the immediately preceding sentence representing the Indemnified Holders who are parties to such action or (ii) the indemnifying party shall not have
employed counsel satisfactory to the Indemnified Holder to represent the Indemnified Holder within a reasonable time after notice of commencement of the action, in each of which cases the fees and expenses of counsel shall be at the expense of the
indemnifying party. The Company shall not be liable for any settlement effected without their prior written consent, which will not be unreasonably withheld. The Company shall not, without the prior written consent of each Indemnified Holder, settle
or compromise or consent to the entry of judgment in or otherwise seek to terminate any pending or threatened action, claim, litigation or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not any
Indemnified Holder is a party thereto), unless such settlement, compromise, consent or termination (i) includes an unconditional release of each Indemnified Holder from all liability arising out of such action, claim, litigation or proceeding
and (ii) does not include a statement as to, or an admission of, fault, culpability or a failure to act by or on behalf of the Indemnified Holder. 

(b) Each Holder of Transfer Restricted Notes agrees, severally and not jointly, to indemnify and hold harmless the Company and its directors
and officers who sign a Registration Statement, and any Person controlling (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) the Company and the respective officers, directors, partners, employees,
representatives and agents of each such Person, to the same extent as the foregoing indemnity from the Company to each of the Indemnified Holders, but only with respect to claims and actions based on information relating to such Holder furnished in
writing by such Holder expressly for use in any Registration Statement. In case any action or proceeding shall be brought against the Company, or their respective directors or officers or any such controlling person in respect of which indemnity may
be sought against a Holder of Transfer Restricted Notes, such Holder shall have the rights and duties given the Company, its directors and officers and such controlling person shall have the rights and duties given to each Holder by the preceding
paragraph. 

  
 -16- 

 (c) If the indemnification provided for in this Section 8 is unavailable to an indemnified
party under Section 8(a) or (b) hereof (other than by reason of exceptions provided in those Sections) in respect of any losses, claims, damages, liabilities, judgments, actions or expenses referred to therein, then each applicable
indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to
reflect the relative benefits received by the Company, on the one hand, and the Holders, on the other hand, from the Initial Placement (which in the case of the Company shall be deemed to be equal to the total net proceeds to the Company from the
Initial Placement (before deducting expenses)), or if such allocation is not permitted by applicable law, the relative fault of the Company, on the one hand, and the Holders, on the other hand, in connection with the statements or omissions which
resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative fault of the Company on the one hand and of the Indemnified Holder on the other shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company, on the one hand, or the Indemnified Holders, on
the other hand, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The amount paid or payable by a party as a result of the losses, claims, damages, liabilities
and expenses referred to above shall be deemed to include, subject to the limitations set forth in the second paragraph of Section 8(a) hereof, any legal or other fees or expenses reasonably incurred by such party in connection with
investigating or defending any action or claim. 
 The Company and each Holder of Transfer Restricted Notes agree that it would not be just
and equitable if contribution pursuant to this Section 8(c) were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation which does not take account of the
equitable considerations referred to in the immediately preceding paragraph. The amount paid or payable by an indemnified party as a result of the losses, claims, damages, liabilities or expenses referred to in the immediately preceding paragraph
shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions
of this Section 8, none of the Holders (and its related Indemnified Holders) shall be required to contribute, in the aggregate, any amount in excess of the amount by which the dollar amount of the proceeds received by such Holder with respect
to any Transfer Restricted Notes exceeds the amount of any damages which such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to
this Section 8(c) are several in proportion to the respective principal amount of Initial Notes held by each of the Holders hereunder and not joint. 

  
 -17- 

 9. Rule 144A. The Company hereby agrees with each Holder, if any time during the
period of one year from the date of this Agreement the Company is not subject to the information requirements of the Exchange Act, for so long as any Transfer Restricted Notes remain outstanding, to make available to any Holder or beneficial owner
of Transfer Restricted Notes in connection with any sale thereof and any prospective purchaser of such Transfer Restricted Notes from such Holder or beneficial owner, the information required by Rule 144A(d)(4) under the Securities Act in order to
permit resales of such Transfer Restricted Notes pursuant to Rule 144A under the Securities Act. 
 10. Participation in Underwritten
Registrations. No Holder may participate in any Underwritten Registration hereunder unless such Holder (a) agrees to sell such Holder’s Transfer Restricted Notes on the basis provided in any underwriting arrangements approved by
the Persons entitled hereunder to approve such arrangements and (b) completes and executes all reasonable questionnaires, powers of attorney, indemnities, underwriting agreements, lock-up letters and other documents required under the terms of
such underwriting arrangements. 
 11. Selection of Underwriters. The Holders of Transfer Restricted Notes covered by the
Shelf Registration Statement who desire to do so may sell such Transfer Restricted Notes in an Underwritten Offering. In any such Underwritten Offering, the investment banker(s) and managing underwriter(s) that will administer such offering will be
selected by the Holders of a majority in aggregate principal amount of the Transfer Restricted Notes included in such offering; provided, however, that such investment banker(s) and managing underwriter(s) must be reasonably satisfactory to
the Company. 
 12. Miscellaneous. 

(a) Remedies. The Company hereby agrees that monetary damages would not be adequate compensation for any loss incurred by reason of a
breach by it of the provisions of this Agreement and hereby agree to waive the defense in any action for specific performance that a remedy at law would be adequate. 

(b) No Inconsistent Agreements. The Company will not on or after the date of this Agreement enter into any agreement with respect to
its securities that is inconsistent with the rights granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof. The rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent with
the rights granted to the holders of the Company’s securities under any agreement in effect on the date hereof. 
 (c) Adjustments
Affecting the Notes. The Company will not take any action, or permit any change to occur, with respect to the Notes that would materially and adversely affect the ability of the Holders to Consummate any Exchange Offer. 

(d) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to
or departures from the provisions hereof may not be given unless the Company has (i) in the case of Section 5 hereof and this Section 12(d)(i), obtained the written consent of Holders of all outstanding Transfer

  
 -18- 

 
Restricted Notes and (ii) in the case of all other provisions hereof, obtained the written consent of Holders of a majority of the outstanding principal amount of Transfer Restricted Notes
(excluding any Transfer Restricted Notes held by the Company or its respective Affiliates). Notwithstanding the foregoing, a waiver or consent to departure from the provisions hereof that relates exclusively to the rights of Holders whose notes are
being tendered pursuant to the Exchange Offer and that does not affect directly or indirectly the rights of other Holders whose notes are not being tendered pursuant to such Exchange Offer may be given by the Holders of a majority of the outstanding
principal amount of Transfer Restricted Notes being tendered or registered; provided, however, that, with respect to any matter that directly or indirectly affects the rights of any Initial Purchaser hereunder, the Company shall obtain the
written consent of each such Initial Purchaser with respect to which such amendment, qualification, supplement, waiver, consent or departure is to be effective. 

(e) Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery,
first-class mail (registered or certified, return receipt requested), telex, telecopier, or air courier guaranteeing overnight delivery: 

(i) if to a Holder, at the address set forth on the records of the Registrar under the Indenture, with a copy to the Registrar under the
Indenture; and 
 (ii) if to the Company: 

Fiat Chrysler Automobiles N.V. 

25 St. James’s Street, London SW1A 1HA 

United Kingdom 
 Attention:
Chief Financial Officer 
 Telecopier No.: +44 (0)207 724 2829 

With a copy to: 
 Sullivan &
Cromwell LLP 
 125 Broad St. 

New York, New York 10004 

Telecopier No.: (212) 291-9101 

Attention: Scott D. Miller 
 All
such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when
receipt acknowledged, if telecopied; and on the next Business Day, if timely delivered to an air courier guaranteeing overnight delivery. 

Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to the Trustee at
the address specified in the Indenture. 

  
 -19- 

 (f) Successors and Assigns. This Agreement shall inure to the benefit of and be binding
upon the successors and assigns of each of the parties, including, without limitation, and without the need for an express assignment, subsequent Holders of Transfer Restricted Notes; provided, however, that this Agreement shall not inure to
the benefit of or be binding upon a successor or assign of a Holder unless and to the extent such successor or assign acquired Transfer Restricted Notes from such Holder. 

(g) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by telecopier, facsimile or other
electronic transmission (i.e., a “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart thereof. 

(h) Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning
hereof. 
 (i) Waiver of Immunity. To the extent that the Company has or hereafter may acquire any immunity (sovereign or otherwise)
from jurisdiction of any court of (i) the Netherlands, or any political subdivision thereof, (ii) the United Kingdom, or any political subdivision thereof, (iii) the United States, the State of New York or any political subdivision
thereof; or (iv) any jurisdiction in which it owns or leases property or assets (including without limitation Italy, or any political subdivision thereof) or from any legal process (whether through service of notice, attachment prior to
judgment, attachment in aid of execution, execution, set-off or otherwise) with respect to themselves or their respective property and assets or this Agreement, the Company hereby irrevocably waives such immunity in respect of its obligations under
this Agreement to the fullest extent permitted by applicable law. 
 (j) Governing Law. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR
DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICTS OF LAW RULES THEREOF. 

(k) Submission to Jurisdiction. The Company and the Initial Purchasers hereby submit to the non-exclusive jurisdiction of the U.S.
federal and New York state courts in the Borough of Manhattan in The City of New York in any suit or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. The Company waives any objection which it may now
or hereafter have to the laying of venue of any such suit or proceeding in such courts. The Company agrees that final judgment in any such suit, action or proceeding brought in such court shall be conclusive and binding upon the Company and may be
enforced in any court to the jurisdiction of which Company is subject by a suit upon such judgment. The Company irrevocably appoints Fiat Chrysler Finance North America, Inc., 7 Times Square, Suite 4306, New York, NY 10036, as its authorized
agent in the Borough of Manhattan in The City of New York upon which process may be served in any such suit or proceeding, and agrees to accept service of process upon such authorized agent, accompanied by

  
 -20- 

 
written notice of such service to the Company by the person serving the same to the address provided in this Section 12, and not dispute that such service will be in every respect effective
service of process upon the Company in any such suit or proceeding. The Company hereby represents and warrants that such authorized agent has accepted such appointment and has agreed to act as such authorized agent for service of process. 

(l) Severability. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstance,
is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby. 

(m) Entire Agreement. This Agreement is intended by the parties as a final expression of their agreement and intended to be a complete
and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein
with respect to the registration rights granted by the Company with respect to the Transfer Restricted Notes. This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter. 

  
 -21- 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

  

					
	Very truly yours,
	
	FIAT CHRYSLER AUTOMOBILES N.V.
		
	By:		 /s/ Richard K. Palmer

			Name:		Richard K. Palmer
			Title:		Chief Financial Officer

 Accepted: As of the date first written above 
  

					
	J.P. MORGAN SECURITIES LLC
		
	By:		 /s/ Chris Lingenfelter

			Name:		Chris Lingenfelter
			Title:		Vice President

  

					
	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
		
	By:		 /s/ Mark W. Kushemba

			Name:		Mark W. Kushemba
			Title:		Managing Director
		
			 For themselves and the other several

Initial Purchasers named in
 Schedule 1 to the Purchase
Agreement.

 [Signature Page to Registration Rights Agreement]

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