EX-4.3



 Exhibit 4.3 

Execution Copy 
 THIS
FIRST SUPPLEMENTAL INDENTURE, dated as of April 26, 2013 (this “Supplemental Indenture”), is by and among U.S. Coatings Acquisition Inc., a corporation incorporated under the laws of the State of Delaware (“U.S.
Co-Issuer”), and Flash Dutch 2 B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands with corporate seat in Amsterdam, The Netherlands
(“Dutch Co-Issuer” and, together with U.S. Co-Issuer, the “Issuers”), each of the parties identified as a New Guarantor on the signature page hereto (a “New Guarantor”) and Wilmington Trust,
National Association, as trustee (the “Trustee”). 
 W I T N E S S E T H 

WHEREAS, the Issuers, certain guarantors listed on the signature pages thereto and the Trustee are parties to an indenture dated as of
February 1, 2013 (the “Indenture”), providing for the issuance of the Issuers’ 7.375% Senior Notes due 2021 (the “Notes”); 

WHEREAS, Section 3.11 of the Indenture provides that under certain circumstances the New Guarantors shall execute and deliver to the
Trustee a supplemental indenture pursuant to which the New Guarantors shall unconditionally guarantee all of the Issuers’ obligations under the Notes and the Indenture on the terms and conditions set forth herein; and 

WHEREAS, pursuant to Section 9.1 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,
the Issuers, the New Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders as follows: 

1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

2. Agreements to Become Guarantor. The New Guarantor hereby unconditionally guarantees the Issuers’ obligations for the due and
punctual payment of the principal of, premium, if any, and interest on all the Notes and the performance and observance of each other obligation and covenant set forth in the Indenture to be performed or observed on the part of the Issuers, on the
terms and subject to the conditions and restrictions set forth in Article X of the Indenture and agrees to be bound by all other provisions of the Indenture and the Notes applicable to a Guarantor therein. 

3. Ratification of Indenture; Supplemental Indenture Part of Indenture. Except as expressly amended hereby, the Indenture is in all
respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or
hereafter authenticated and delivered shall be bound hereby. 
 4. No Recourse Against Others. No manager, managing director,
director, officer, employee, incorporator or holder of any Equity Interests in Dutch Co-Issuer, U.S. Co-Issuer, any Subsidiary or any direct or indirect parent of Dutch Co-Issuer, as such, shall have any liability for any obligations of the Issuers
or the New Guarantor under the Notes, the Indenture, the Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes, by accepting a Note, waives and releases all such liability.
This waiver and release are part of the consideration for issuance of the Notes. This waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy. 







 5. Notices. For purposes of Section 12.1 of the Indenture, the address for notices to
the New Guarantor shall be: 
 U.S. Coatings Acquisition Inc. 

Flash Dutch 2 B.V. 
 c/o The
Carlyle Group 
 1001 Pennsylvania Avenue Northwest 

Washington, DC 20004 
 Facsimile:
(202) 347-1818 
 Tel: (202) 729-2626 

Attention: Martin Sumner; Wesley Bieligk 

6. Governing Law. This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New
York. 
 7. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an
original, but all of them together shall represent the same agreement. Delivery of an executed counterpart of a signature page to this Supplemental Indenture by telecopier, facsimile or other electronic transmission (i.e. a “pdf” or
“tif”) shall be effective as delivery of a manually executed counterpart thereof. 
 8. Effect of Headings. The section
headings herein are for convenience only and shall not affect the construction hereof. 
 9. The Trustee. The Trustee shall not be
responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the New Guarantor. 

[remainder of page intentionally blank] 







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

					
	U.S. COATINGS ACQUISITION INC.
		
	By:	 	 /s/ Martin W. Sumner

		 	Name:	 	Martin W. Sumner
		 	Title:	 	President and Secretary
	
	FLASH DUTCH 2 B.V.
		
	By:	 	 /s/ Martin W. Sumner

		 	Name:	 	Martin W. Sumner
		 	Title:	 	Managing Director A
	
	 Intertrust (Netherlands) B.V.

Managing Director B

		
	By:	 	 /s/ D.J. Jaarsma

		 	Name:	 	D.J. Jaarsma
		 	Title:	 	Proxyholder
		
	By:	 	 /s/ D.A. de Vries

		 	Name:	 	D.A. de Vries
		 	Title:	 	Proxyholder



  
 [Signature Page to the
Dollar Notes First Supplemental Indenture] 








 
					
	France Coatings Co., as a New Guarantor
		
	By:	 	 /s/ Jean-Claude BARTNICKI

		 	Name:	 	Jean-Claude BARTNICKI
		 	Title:	 	Chairman (Président)



  
 [Signature Page to the
Dollar Notes First Supplemental Indenture] 








 
					
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

as Trustee

		
	By:	 	 /s/ Joseph P O’Donnell

		 	Name:	 	Joseph P O’Donnell
		 	Title:	 	Vice President



  
 [Signature Page to the
Dollar Notes First Supplemental Indenture]