Document:

exv4w3

EXHIBIT 4.3

 

UNCLE ACQUISITION 2010 CORP

as Issuer

and the Guarantors from time to time party hereto

8.625% Senior Notes due 2019

 

INDENTURE

Dated as of January 26, 2011

 

WILMINGTON TRUST FSB,

as Trustee, Paying Agent, Transfer Agent and Registrar

 

 

 

Trust Indenture Act Cross Reference Table**

This Cross Reference Sheet shows the location in the Indenture of the provisions inserted pursuant to
Sections 310-318(a), inclusive, of the Trust Indenture Act of 1939.

	 	 	 	 	 
	 	 	Notes
	TIA	 	Indenture
	Section	 	Section
	310(a)(1)

	 	 	7.09	 
	(a)(2)

	 	 	7.09	 
	(a)(3)

	 	 	N.A.	 
	(a)(4)

	 	 	N.A.	 
	(a)(5)

	 	 	7.09	 
	(b)

	 	 	7.07; 7.09	 
	311(a)

	 	 	N.A.	 
	(b)

	 	 	N.A.	 
	312(a)

	 	 	2.06	 
	(b)

	 	 	N.A.	 
	(c)

	 	 	N.A.	 
	313(a)

	 	 	N.A.	 
	(b)(1)

	 	 	N.A.	 
	(b)(2)

	 	 	N.A.	 
	(c)

	 	 	11.01	 
	(d)

	 	 	N.A.	 
	314(a)

	 	 	4.02;	 
	(b)

	 	 	N.A.	 
	(c)(1)

	 	 	11.02	 
	(c)(2)

	 	 	11.02	 
	(c)(3)

	 	 	N.A.	 
	(d)

	 	 	N.A.	 
	(e)

	 	 	11.03	 
	(f)

	 	 	4.08	 
	315(a)

	 	 	7.01	 
	(b)

	 	 	7.05; 11.01	 
	(c)

	 	 	7.01	 
	(d)

	 	 	7.01	 
	(e)

	 	 	6.11	 
	316(a)(1)(A)

	 	 	6.05	 
	(a)(1)(B)

	 	 	6.04	 
	(a)(2)

	 	 	N.A.	 
	(b)

	 	 	6.07	 
	(c)

	 	 	9.03	 
	317(a)(1)

	 	 	6.08	 
	(a)(2)

	 	 	6.09	 
	(b)

	 	 	2.05	 
	318(a)

	 	 	N.A.	 

N.A. means Not Applicable.

 

**   Note: This Cross-Reference Table shall not, for any purpose, be deemed to be a part of the Indenture.

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	 	Page	 
	ARTICLE I
	 
	Definitions and Incorporation by Reference
	 
	SECTION 1.01. Definitions.
	 	 	1	 
	SECTION 1.02. Other Definitions.
	 	 	40	 
	SECTION 1.03. Rules of Construction
	 	 	42	 
	 
	ARTICLE II
	 
	The Notes
	 
	SECTION 2.01. Amount of Notes
	 	 	43	 
	SECTION 2.02. Form and Dating
	 	 	44	 
	SECTION 2.03. Execution and Authentication
	 	 	44	 
	SECTION 2.04. Registrar and Paying Agent
	 	 	45	 
	SECTION 2.05. Paying Agent to Hold Money
	 	 	46	 
	SECTION 2.06. Holder Lists
	 	 	46	 
	SECTION 2.07. Transfer and Exchange
	 	 	46	 
	SECTION 2.08. Replacement Notes
	 	 	47	 
	SECTION 2.09. Outstanding Notes
	 	 	47	 
	SECTION 2.10. Temporary Notes
	 	 	48	 
	SECTION 2.11. Cancellation
	 	 	48	 
	SECTION 2.12. Defaulted Interest
	 	 	48	 
	SECTION 2.13. CUSIPs, Common Codes, ISINs, etc
	 	 	48	 
	SECTION 2.14. Calculation of Principal Amount of Notes
	 	 	49	 
	SECTION 2.15. Currency
	 	 	49	 
	 
	ARTICLE III
	 
	Redemption
	 
	SECTION 3.01. Redemption
	 	 	50	 
	SECTION 3.02. Applicability of Article
	 	 	50	 
	SECTION 3.03. Notices to Trustee
	 	 	50	 
	SECTION 3.04. Selection of Notes to Be Redeemed
	 	 	50	 
	SECTION 3.05. Notice of Optional Redemption
	 	 	50	 
	SECTION 3.06. Effect of Notice of Redemption
	 	 	52	 
	SECTION 3.07. Deposit of Redemption Price
	 	 	52	 
	SECTION 3.08. Notes Redeemed in Part
	 	 	52	 
	SECTION 3.09. Mandatory Redemption
	 	 	53	 

i

 

	 	 	 	 	 
	 	 	 	Page	 
	ARTICLE IV
	 
	Covenants
	 
	SECTION 4.01. Payment of Notes
	 	 	53	 
	SECTION 4.02. Reports and Other Information
	 	 	53	 
	SECTION 4.03. Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock
	 	 	55	 
	SECTION 4.04. Limitation on Restricted Payments
	 	 	62	 
	SECTION 4.05. Dividend and Other Payment Restrictions Affecting Subsidiaries
	 	 	68	 
	SECTION 4.06. Asset Sales
	 	 	71	 
	SECTION 4.07. Transactions with Affiliates
	 	 	74	 
	SECTION 4.08. Change of Control
	 	 	77	 
	SECTION 4.09. Compliance Certificate
	 	 	79	 
	SECTION 4.10. Further Instruments and Acts
	 	 	80	 
	SECTION 4.11. Future Guarantors
	 	 	80	 
	SECTION 4.12. Liens
	 	 	81	 
	SECTION 4.13. Maintenance of Office or Agency
	 	 	81	 
	SECTION 4.14. Taxes
	 	 	82	 
	SECTION 4.15. Suspension/Fall-Away of Covenants on Achievement of Investment Grade Status
	 	 	82	 
	 
	ARTICLE V
	 
	Successor Company
	 
	SECTION 5.01. When the Issuer, the Company or a Guarantor May Merge or Transfer Assets
	 	 	83	 
	 
	ARTICLE VI
	 
	Defaults and Remedies
	 
	SECTION 6.01. Events of Default
	 	 	87	 
	SECTION 6.02. Acceleration
	 	 	89	 
	SECTION 6.03. Other Remedies
	 	 	89	 
	SECTION 6.04. Waiver of Past Defaults
	 	 	90	 
	SECTION 6.05. Control by Majority
	 	 	90	 
	SECTION 6.06. Limitation on Suits
	 	 	90	 
	SECTION 6.07. Rights of the Holders to Receive Payment
	 	 	91	 
	SECTION 6.08. Collection Suit by Trustee
	 	 	91	 
	SECTION 6.09. Trustee May File Proofs of Claim
	 	 	91	 
	SECTION 6.10. Priorities
	 	 	92	 
	SECTION 6.11. Undertaking for Costs
	 	 	92	 
	SECTION 6.12. Waiver of Stay or Extension Laws
	 	 	92	 
	SECTION 6.13. Direction to Agents
	 	 	92	 

ii

 

	 	 	 	 	 
	 	 	 	Page	 
	ARTICLE VII
	 
	Trustee
	 
	SECTION 7.01. Duties of Trustee
	 	 	92	 
	SECTION 7.02. Rights of Trustee
	 	 	94	 
	SECTION 7.03. Individual Rights of Trustee
	 	 	96	 
	SECTION 7.04. Trustee’s Disclaimer
	 	 	96	 
	SECTION 7.05. Notice of Defaults
	 	 	96	 
	SECTION 7.06. Compensation and Indemnity
	 	 	96	 
	SECTION 7.07. Replacement of Trustee or Agent
	 	 	98	 
	SECTION 7.08. Successor Trustee by Merger
	 	 	99	 
	SECTION 7.09. Eligibility; Disqualification
	 	 	99	 
	 
	ARTICLE VIII
	 
	Discharge of Indenture; Defeasance
	 
	SECTION 8.01. Discharge of Liability on Notes; Defeasance
	 	 	99	 
	SECTION 8.02. Conditions to Defeasance
	 	 	100	 
	SECTION 8.03. Application of Trust Money
	 	 	101	 
	SECTION 8.04. Repayment to the Issuer
	 	 	101	 
	SECTION 8.05. Reinstatement
	 	 	102	 
	 
	ARTICLE IX
	 
	Amendments and Waivers
	 
	SECTION 9.01. Without Consent of the Holders
	 	 	102	 
	SECTION 9.02. With Consent of the Holders
	 	 	103	 
	SECTION 9.03. Revocation and Effect of Consents and Waivers
	 	 	104	 
	SECTION 9.04. Notation on or Exchange of Notes
	 	 	105	 
	SECTION 9.05. Trustee to Sign Amendments
	 	 	105	 
	SECTION 9.06. Payment for Consent
	 	 	105	 
	SECTION 9.07. Compliance with the Trust Indenture Act
	 	 	105	 
	 
	ARTICLE X
	 
	Guarantees
	 
	SECTION 10.01. Guarantees
	 	 	105	 
	SECTION 10.02. Limitation on Liability
	 	 	107	 
	SECTION 10.03. Successors and Assigns
	 	 	107	 
	SECTION 10.04. No Waiver
	 	 	107	 
	SECTION 10.05. Modification
	 	 	108	 
	SECTION 10.06. Release of Guarantor
	 	 	108	 
	SECTION 10.07. Contribution
	 	 	108	 

iii

 

	 	 	 	 	 
	 	 	 	Page	 
	SECTION 10.08. Withholding Taxes
	 	 	108	 
	 
	ARTICLE XI
	 
	Miscellaneous
	 
	SECTION 11.01. Notices
	 	 	111	 
	SECTION 11.02. Certificate and Opinion as to Conditions Precedent
	 	 	112	 
	SECTION 11.03. Statements Required in Certificate or Opinion
	 	 	113	 
	SECTION 11.04. When Notes Disregarded
	 	 	113	 
	SECTION 11.05. Rules by Trustee, Paying Agent and Registrar
	 	 	113	 
	SECTION 11.06. Legal Holidays
	 	 	113	 
	SECTION 11.07. Governing Law
	 	 	113	 
	SECTION 11.08. Consent to Jurisdiction and Service
	 	 	114	 
	SECTION 11.09. No Recourse Against Others
	 	 	114	 
	SECTION 11.10. Successors
	 	 	114	 
	SECTION 11.11. Multiple Originals
	 	 	114	 
	SECTION 11.12. Table of Contents; Headings
	 	 	114	 
	SECTION 11.13. Indenture Controls
	 	 	114	 
	SECTION 11.14. Severability
	 	 	114	 
	SECTION 11.15. Place of Performance
	 	 	115	 

iv

 

	 	 	 	 	 

	Appendix A

	 	—
	 	Provisions Relating to Notes
	 
	 	 	 	 
	EXHIBIT INDEX	 	 
	 
	 	 	 	 
	Exhibit A

	 	—
	 	Form of Note

v

 

     INDENTURE dated as of January 26, 2011 (as amended, supplemented
or otherwise modified from time to time, this “Indenture”) among UNCLE
ACQUISITION 2010 CORP, a Delaware corporation having its registered office
at 1209 Orange Street, Wilmington, DE 19801 (the “Issuer”), the Guarantors
from time to time party hereto, and WILMINGTON TRUST FSB, as trustee (the
“Trustee”), paying agent, registrar and transfer agent.

          Each party agrees as follows for the benefit of the other parties and for the equal and
ratable benefit of the Holders of (a) $400,000,000 aggregate principal amount of the 8.625% Senior
Notes due 2019 (the “Original Notes”) issued on the date hereof, (b) if and when issued pursuant to
a registered exchange offer for the Original Notes, the Exchange Notes (as defined herein) and (c)
any Additional Notes (as defined herein) that may be issued after the date hereof (all such
securities in clauses (a), (b) and (c) being referred to collectively as the “Notes”). Subject to
the conditions and compliance with the covenants set forth herein, the Issuer may issue an
unlimited aggregate principal amount of Additional Notes.

ARTICLE I

Definitions and Incorporation by Reference

          SECTION 1.01. Definitions.

     “Acquired Indebtedness” means, with respect to any specified Person:

(1) Indebtedness of any other Person existing at the time such other Person is merged, consolidated
or amalgamated with or into or became a Restricted Subsidiary of such specified Person (including,
for the avoidance of doubt, Indebtedness Incurred by such other Person in connection with, or in
contemplation of, such other Person merging, consolidating or amalgamating with or into or becoming
a Restricted Subsidiary of such specified Person); and

(2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person.

     “Additional Notes” means any Notes issued under the terms of this Indenture subsequent to the
Issue Date, it being understood that any Notes issued in exchange for or replacement of any
Original Note issued on the Issue Date shall not be an Additional Note, including any such Notes
issued pursuant to a Registration Rights Agreement.

     “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For
purposes of this definition, “control” (including, with correlative meanings, the terms
“controlling,” “controlled by” and “under common control with”), as used with respect to any
Person, means the possession, directly or indirectly, of the power to direct or cause the direction
of the management or policies of such Person, whether through the ownership of voting securities,
by agreement or otherwise.

 

 

     “Agent” means any Registrar, Paying Agent or the Transfer Agent.

     “Applicable Premium” (as determined by the Company) means, with respect to any Note at any
redemption date, the greater of (i) 1.00% of the principal amount of such Note and (ii) the excess,
if any, of (A) the present value at such redemption date of (1) the redemption price of such Note
on February 15, 2015 (such redemption price being described in Section 5 of the Form of Note,
exclusive of any accrued interest and additional interest, if any) plus (2) all required remaining
scheduled interest payments due on such Note through February 15, 2015 (excluding accrued but
unpaid interest and additional interest, if any, to the redemption date), computed using a discount
rate equal to the Treasury Rate at the redemption date plus 50 basis points over (B) the principal
amount of such Note on such redemption date.

     “Asset Sale” means:

(1) the sale, conveyance, transfer or other disposition (whether in a single transaction or a
series of related transactions) of property or assets (including by way of a Sale/Leaseback
Transaction) outside the ordinary course of business of the Company or any Restricted Subsidiary
(each referred to in this definition as a “disposition”) or

(2) the issuance or sale of Equity Interests (other than directors’ qualifying shares and shares
issued to foreign nationals or other third parties to the extent required by applicable law) of any
Restricted Subsidiary (other than to the Company or a Restricted Subsidiary and other than the
issuance of Preferred Stock of a Restricted Subsidiary issued in compliance with Section 4.03)
(whether in a single transaction or a series of related transactions),

     in each case other than:

     (a) a disposition of cash, Cash Equivalents or Investment Grade Securities or obsolete,
surplus or worn-out property or equipment in the ordinary course of business;

     (b) transactions permitted pursuant to Section 5.01 or any disposition that constitutes
a Change of Control;

     (c) any Restricted Payment or Permitted Investment that is permitted to be made, and is
made, under Section 4.04;

     (d) any disposition of assets or issuance or sale of Equity Interests of any Restricted
Subsidiary, which assets or Equity Interests so disposed or issued have an aggregate Fair
Market Value of less than $10.0 million;

     (e) any disposition of property or assets, or the issuance of securities, by a
Restricted Subsidiary to the Company or a Restricted Subsidiary or by the Company to a
Restricted Subsidiary;

     (f) any exchange of assets (including a combination of assets and Cash Equivalents) for
assets related to a Similar Business of comparable or greater Fair Market Value or, as
determined in good faith by senior management or the Board of Directors of

2

 

the Company, to be of comparable or greater usefulness to the business of the Company and
the Restricted Subsidiaries as a whole;

     (g) foreclosure, exercise of termination rights or any similar action with respect to
any property or any other asset of the Company or any Restricted Subsidiaries;

     (h) any sale of Equity Interests in, or Indebtedness or other securities of, an
Unrestricted Subsidiary;

     (i) the lease, assignment or sublease of any real or personal property in the ordinary
course of business;

     (j) any sale of inventory, trading stock or other assets in the ordinary course of
business;

     (k) any grant in the ordinary course of business of any license of patents, trademarks,
know-how or any other intellectual property;

     (l) an issuance of Capital Stock pursuant to an equity incentive or compensation plan
approved by the Board of Directors;

     (m) dispositions consisting of the granting of Permitted Liens;

     (n) dispositions of receivables in connection with the compromise, settlement or
collection thereof in the ordinary course of business or in bankruptcy or similar
proceedings and exclusive of factoring or similar arrangements;

     (o) any disposition of Capital Stock of a Restricted Subsidiary pursuant to an
agreement or other obligation with or to a Person (other than the Company or a Restricted
Subsidiary) from whom such Restricted Subsidiary was acquired or from whom such Restricted
Subsidiary acquired its business and assets (having been newly formed in connection with
such acquisition), made as part of such acquisition and in each case comprising all or a
portion of the consideration in respect of such sale or acquisition;

     (p) any surrender or waiver of contract rights or the settlement, release, recovery on
or surrender of contract, tort or other claims of any kind;

     (q) a transfer (including by capital contribution) of accounts receivable and related
assets of the type specified in the definition of “Receivables Financing” (or a fractional
undivided interest therein) by a Receivables Subsidiary or any Restricted Subsidiary (x) in
a Qualified Receivables Financing or (y) pursuant to any other factoring on arm’s length
terms or (z) in the ordinary course of business;

     (r) the sale of any property in a Sale/Leaseback Transaction not prohibited by this
Indenture with respect to any assets built or acquired by the Company or any Restricted
Subsidiary after the Issue Date;

3

 

     (s) in the ordinary course of business, any lease, assignment or sublease of any real
or personal property, in exchange for services (including in connection with any outsourcing
arrangements) of comparable or greater Fair Market Value or, as determined in good faith by
senior management or the Board of Directors of the Company, to be of comparable or greater
usefulness to the business of the Company and the Restricted Subsidiaries as a whole;
provided that any cash or Cash Equivalents received must be applied in accordance with
Section 4.06; and

     (t) sales or other dispositions of Equity Interests in joint ventures in existence on
the Issue Date.

     “Bank Indebtedness” means any and all amounts payable under or in respect of any Credit
Agreement and the other Credit Agreement Documents, in each case as amended, restated,
supplemented, waived, replaced, restructured, repaid, refunded, refinanced or otherwise modified
from time to time (including after termination of such Credit Agreement), including principal,
premium (if any), interest (including interest accruing on or after the filing of any petition in
bankruptcy or for reorganization relating to the Company whether or not a claim for post-filing
interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations,
guarantees and all other amounts payable thereunder or in respect thereof.

     “Board of Directors” means, as to any Person, the board of directors or managers, as
applicable, of such Person (or, if such Person is a partnership, the board of directors or other
governing body of the general partner of such Person) or any duly authorized committee thereof.

     “Business Day” means a day other than a Saturday, Sunday or other day on which banking
institutions are authorized or required by law to close in New York City.

     “Capital Stock” means:

(1) in the case of a corporation, corporate stock or shares;

(2) in the case of an association or business entity, any and all shares, interests,
participations, rights or other equivalents (however designated) of corporate stock;

(3) in the case of a partnership or limited liability company, partnership or membership interests
(whether general or limited); and

(4) any other interest or participation that confers on a Person the right to receive a share of
the profits and losses of, or distributions of assets of, the issuing Person.

     “Capitalized Lease Obligation” means, at the time any determination thereof is to be made, the
amount of the liability in respect of a capital lease that would at such time be required to be
capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in
accordance with GAAP.

4

 

     “Cash Equivalents” means:

(1) US dollars, pounds sterling, euro, the national currency of any member state in the European
Union or, in the case of any Restricted Subsidiary that is not organized or existing under the laws
of the United States, any member state of the European Union or any state or territory thereof,
such local currencies held by it from time to time in the ordinary course of business;

(2) securities issued or directly and fully guaranteed or insured by the US, U.K., Canadian, Swiss
or Japanese government or any country that is a member of the European Union or any agency or
instrumentality thereof in each case maturing not more than two years from the date of acquisition;

(3) certificates of deposit, time deposits and eurodollar time deposits with maturities of one year
or less from the date of acquisition, bankers’ acceptances, in each case with maturities not
exceeding one year and overnight bank deposits, in each case with any commercial bank whose
long-term debt is rated “A” or the equivalent thereof by Moody’s or S&P (or reasonably equivalent
ratings of another internationally recognized ratings agency);

(4) repurchase obligations for underlying securities of the types described in clauses (2) and (3)
above entered into with any financial institution meeting the qualifications specified in clause
(3) above;

(5) commercial paper issued by a corporation (other than an Affiliate of the Company) rated at
least “A-2” or the equivalent thereof by S&P or “P-2” or the equivalent thereof by Moody’s (or
reasonably equivalent ratings of another internationally recognized ratings agency) and in each
case maturing within one year after the date of acquisition;

(6) readily marketable direct obligations issued by any state of the United States of America, any
province of Canada, any member of the European Monetary Union, the United Kingdom, Switzerland or
Norway or any political subdivision thereof having one of the two highest rating categories
obtainable from either Moody’s or S&P (or reasonably equivalent ratings of another internationally
recognized ratings agency), in each case with maturities not exceeding two years from the date of
acquisition;

(7) Indebtedness issued by Persons (other than the Company or any of its Affiliates) with a rating
of “A” or higher from S&P or “A-2” or higher from Moody’s in each case with maturities not
exceeding two years from the date of acquisition;

(8) for the purpose of paragraph (a) of the definition of “Asset Sale,” any marketable securities
of third parties owned by the Company or the Restricted Subsidiaries on the Issue Date;

(9) interest in investment funds investing at least 95% of their assets in securities of the types
described in clauses (1) through (7) above; and

(10) instruments equivalent to those referred to in clauses (1) through (8) above denominated in
euro or any other foreign currency comparable in credit quality and tenor to those referred to

5

 

above and commonly used by corporations for cash management purposes in any jurisdiction outside
the United States to the extent reasonably required in connection with any business conducted by
any Subsidiary organized in such jurisdiction.

     “Change of Control” means the occurrence of any of the following events:

(1) the sale, lease or transfer, in one or a series of transactions, of all or Substantially All
the assets of the Company and its Subsidiaries, taken as a whole, to a Person other than, directly
or indirectly, any of the Permitted Holders;

(2) the Company becomes aware (by way of a report or any other filing pursuant to Section 13(d) of
the Exchange Act, proxy, vote, written notice or otherwise) of the acquisition by any Person or
group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any
successor provision), including any group acting for the purpose of acquiring, holding or disposing
of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act), other than any of
the Permitted Holders, in a single transaction or in a related series of transactions, by way of
merger, consolidation or other business combination or purchase of beneficial ownership (within the
meaning of Rule 13d-3 under the Exchange Act, or any successor provision), of more than 50% of the
total voting power of the Voting Stock of the Company; or

(3) the Company ceases to own, directly or indirectly, 100% of the Capital Stock of the Issuer,
other than directors’ qualifying shares or other de minimis shareholdings required by law.

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

     “Consolidated Interest Expense” means, with respect to any Person for any period, the sum,
without duplication, of:

(1) consolidated interest expense of such Person and its Restricted Subsidiaries for such period,
to the extent such expense was deducted in computing Consolidated Net Income (including
amortization of original issue discount and bond premium, the interest component of Capitalized
Lease Obligations, and net payments and receipts (if any) pursuant to interest rate Hedging
Obligations (provided, however, that if Hedging Obligations result in net benefits received by such
Person, such benefits shall be credited to reduce Consolidated Interest Expense to the extent paid
in cash unless, pursuant to GAAP, such net benefits are otherwise reflected in Consolidated Net
Income) and excluding amortization of deferred financing fees, debt issuance costs, commissions,
fees and expenses and expensing of any bridge commitment or other financing fees); plus

(2) consolidated capitalized interest of such Person and its Restricted Subsidiaries for such
period, whether paid or accrued (but excluding any capitalizing interest on Subordinated
Shareholder Funding); plus

(3) commissions, discounts, yield and other fees and charges Incurred in connection with any
Receivables Financing which are payable to Persons other than the Company and the Restricted
Subsidiaries; minus

6

 

(4) interest income for such period.

     “Consolidated Net Income” means, with respect to any Person for any period, the aggregate of
the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated
basis; provided, however, that, without duplication:

(1) any net after-tax extraordinary, nonrecurring or unusual gains or losses or income, expenses or
charges (less all fees and expenses relating thereto) including severance expenses, relocation
costs and expenses and expenses or charges related to any Equity Offering, Permitted Investment,
acquisition (including integration costs) or Indebtedness permitted to be Incurred by this
Indenture (in each case, whether or not successful), including any such fees, expenses, charges or
change in control payments made under the UCI Acquisition Document, in each case, shall be
excluded;

(2) any increase in amortization or depreciation or any one-time non-cash charges or increases or
reductions in Net Income, in each case resulting from purchase accounting in connection with the
UCI Transactions or any acquisition that is consummated after the Issue Date shall be excluded;

(3) the Net Income for such period shall not include the cumulative effect of a change in
accounting principles during such period;

(4) any net after-tax income or loss from discontinued operations and any net after-tax gains or
losses on disposal of discontinued operations shall be excluded;

(5) any net after-tax gains or losses (less all fees and expenses or charges relating thereto)
attributable to business dispositions or asset dispositions other than in the ordinary course of
business (as determined in good faith by the Board of Directors of the Company) shall be excluded;

(6) any net after-tax gains or losses (less all fees and expenses or charges relating thereto)
attributable to the early extinguishment of indebtedness or Hedging Obligations or other derivative
instruments shall be excluded;

(7) the Net Income for such period of any Person that is not a Subsidiary of such Person, or is an
Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, shall be
included only to the extent of the amount of dividends or distributions or other payments paid in
cash (or to the extent converted into cash) to the referent Person or a Restricted Subsidiary
thereof in respect of such period;

(8) solely for the purpose of determining the amount available for Restricted Payments under clause
(1) of the definition of Cumulative Credit, the Net Income for such period of any Restricted
Subsidiary (other than the Issuer or any Guarantor) shall be excluded to the extent that the
declaration or payment of dividends or similar distributions by such Restricted Subsidiary of its
Net Income is not at the date of determination permitted without any prior governmental approval
(which has not been obtained) or, directly or indirectly, by the operation of the terms of its
charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental
regulation applicable to that Restricted Subsidiary or its stockholders, unless such restrictions

7

 

with respect to the payment of dividends or similar distributions have been legally waived or are
permitted under Section 4.05; provided, however, that the Consolidated Net Income of such Person
shall be increased by the amount of dividends or other distributions or other payments actually
paid in cash (or converted into cash) by any such Restricted Subsidiary to such Person, to the
extent not already included therein;

(9) an amount equal to the amount of Tax Distributions actually made to any parent of such Person
in respect of such period in accordance with Section 4.04(b)(xii) shall be included as though such
amounts had been paid as income taxes directly by such Person for such period;

(10) any non-cash impairment charges or asset write-offs, and the amortization of intangibles
arising in each case pursuant to GAAP shall be excluded;

(11) any non-cash expense realized or resulting from stock option plans, employee benefit plans or
post-employment benefit plans, grants and sales of stock, stock appreciation or similar rights,
stock options or other rights to officers, directors and employees shall be excluded;

(12) any (a) one-time non-cash compensation charges, (b) the costs and expenses after the Issue
Date related to employment of terminated employees, (c) costs or expenses realized in connection
with, resulting from or in anticipation of the UCI Transactions or (d) costs or expenses realized
in connection with or resulting from stock appreciation or similar rights, stock options or other
rights existing on the Issue Date of officers, directors and employees, in each case of such Person
or any of its Restricted Subsidiaries, shall be excluded;

(13) accruals and reserves that are established or adjusted as a result of the UCI Transactions
(including as a result of the adoption or modification of accounting policies in connection with
the UCI Transactions) within 12 months after the Issue Date and that are so required to be
established in accordance with GAAP shall be excluded;

(14) solely for purposes of calculating EBITDA, (a) the Net Income of any Person and its Restricted
Subsidiaries shall be calculated without deducting the income attributable to, or adding the losses
attributable to, the minority equity interests of third parties in any non-wholly owned Restricted
Subsidiary except to the extent of dividends declared or paid in respect of such period or any
prior period on the shares of Capital Stock of such Restricted Subsidiary held by such third
parties and (b) any ordinary course dividend, distribution or other payment paid in cash and
received from any Person in excess of amounts included in clause (7) above shall be included;

(15) (a) (i) the non-cash portion of “straight-line” rent expense shall be excluded and (ii) the
cash portion of “straight-line” rent expense that exceeds the amount expensed in respect of such
rent expense shall be included and (b) non-cash gains, losses, income and expenses resulting from
fair value accounting required by the applicable standard under GAAP shall be excluded;

(16) unrealized gains and losses relating to hedging transactions and mark-to-market of
Indebtedness denominated in foreign currencies resulting from the applications of the applicable
standard under GAAP shall be excluded; and

8

 

(17) solely for the purpose of calculating Restricted Payments, the difference, if positive, of the
Consolidated Taxes of the Company calculated in accordance with GAAP and the actual Consolidated
Taxes paid in cash by the Company during any Reference Period shall be included.

     Notwithstanding the foregoing, for the purpose of Section 4.04 only, there shall be excluded
from Consolidated Net Income any dividends, repayments of loans or advances or other transfers of
assets from Unrestricted Subsidiaries of the Company or a Restricted Subsidiary to the extent such
dividends, repayments or transfers increase the amount of Restricted Payments permitted under
Section 4.04 pursuant to clauses (5) and (6) of the definition of Cumulative Credit.

     “Consolidated Non-cash Charges” means, with respect to any Person for any period, the
aggregate depreciation, amortization and other non-cash expenses of such Person and its Restricted
Subsidiaries reducing Consolidated Net Income of such Person for such period on a consolidated
basis and otherwise determined in accordance with GAAP, but excluding any such charge which
consists of or requires an accrual of, or cash reserve for, anticipated cash charges for any future
period.

     “Consolidated Taxes” means with respect to any Person for any period, provision for taxes
based on income, profits or capital, including, without limitation, national, state, franchise and
similar taxes and any Tax Distributions taken into account in calculating Consolidated Net Income.

     “Contingent Obligations” means, with respect to any Person, any obligation of such Person
guaranteeing any leases, dividends or other obligations that do not constitute Indebtedness
(“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly
or indirectly, including, without limitation, any obligation of such Person, whether or not
contingent:

(1) to purchase any such primary obligation or any property constituting direct or indirect
security therefor;

(2) to advance or supply funds:

     (a) for the purchase or payment of any such primary obligation, or

     (b) to maintain working capital or equity capital of the primary obligor or otherwise
to maintain the net worth or solvency of the primary obligor; or

(3) to purchase property, securities or services primarily for the purpose of assuring the owner of
any such primary obligation of the ability of the primary obligor to make payment of such primary
obligation against loss in respect thereof.

     “Corporate Trust Office” means the corporate trust office of the Trustee, which on the date
hereof is located at 50 South Sixth Street, Suite 1290, Minneapolis, MN 55402.

     “Credit Agreement” means (i) the Senior Secured Credit Facilities and (ii) whether or not the
instruments referred to in clause (i) remain outstanding, if designated by the Company to be

9

 

included in the definition of “Credit Agreement,” one or more (A) debt facilities or
commercial paper facilities, providing for revolving credit loans, term loans, receivables
financing (including through the sale of receivables to lenders or to special purpose entities
formed to borrow from lenders against such receivables) or letters of credit, (B) debt securities,
indentures or other forms of debt financing (including convertible or exchangeable debt instruments
or bank guarantees or bankers’ acceptances) or (C) instruments or agreements evidencing any other
Indebtedness, in each case, with the same or different borrowers or issuer and, in each case, as
amended, supplemented, modified, extended, restructured, renewed, refinanced, restated, replaced or
refunded in whole or in part from time to time.

     “Credit Agreement Documents” means the collective reference to the Credit Agreement, any notes
issued pursuant thereto and the guarantees thereof and any security or collateral documents entered
into in relation thereto, as amended, supplemented, restated, renewed, refunded, replaced,
restructured, repaid, refinanced or otherwise modified from time to time.

     “Cumulative Credit” means the sum of (without duplication):

(1) 50% of the Consolidated Net Income of the Company for the period (taken as one accounting
period, the “Reference Period”) from the beginning of the fiscal quarter during which the Issue
Date occurred to the end of the most recently ended fiscal quarter for which internal financial
statements of the Company are available at the time of such Restricted Payment (or, in the case
such Consolidated Net Income for such period is a deficit, minus 100% of such deficit); plus

(2) 100% of the aggregate net proceeds, including cash and the Fair Market Value of property other
than cash received by the Company after the Issue Date (other than net proceeds to the extent such
net proceeds have been used to Incur Indebtedness, Disqualified Stock or Preferred Stock pursuant
to Section 4.03(b)(xxii)) from the issue or sale of Equity Interests of the Company or Subordinated
Shareholder Funding to the Company (excluding Refunding Capital Stock (as defined below),
Designated Preferred Stock, Excluded Contributions and Disqualified Stock and other than Equity
Interests issued in connection with the UCI Transactions), including Equity Interests issued upon
exercise of warrants or options (other than an issuance or sale to a Restricted Subsidiary); plus

(3) 100% of the aggregate amount of contributions to the capital of the Company received in cash
and the Fair Market Value of property other than cash received after the Issue Date (other than
Excluded Contributions, Refunding Capital Stock, Designated Preferred Stock, and Disqualified Stock
and other than contributions (x) to the extent such contributions have been used to Incur
Indebtedness, Disqualified Stock, or Preferred Stock pursuant to Section 4.03(b)(xxii) or (y) made
in connection with the UCI Transactions); plus

(4) the principal amount of any Indebtedness, or the liquidation preference or maximum fixed
repurchase price, as the case may be, of any Disqualified Stock of the Company or any Restricted
Subsidiary thereof issued after the Issue Date (other than Indebtedness or Disqualified Stock
issued to a Restricted Subsidiary) which has been converted into or exchanged for Equity Interests
in or Subordinated Shareholder Funding of the Company (other than Disqualified

10

 

Stock) or any direct or indirect parent of the Company (provided in the case of any parent, such
Indebtedness or Disqualified Stock is retired or extinguished); plus

(5) 100% of the aggregate amount received after the Issue Date by the Company or any Restricted
Subsidiary in cash and the Fair Market Value of property other than cash received by the Company or
any Restricted Subsidiary:

     (a) from the sale or other disposition (other than to the Company or a Restricted
Subsidiary and other than in connection with the UCI Transactions) of Restricted Investments
made after the Issue Date by the Company or the Restricted Subsidiaries and from repurchases
and redemptions after the Issue Date of such Restricted Investments from the Company or the
Restricted Subsidiaries by any Person (other than the Company or any Restricted
Subsidiaries) and from repayments of loans or advances and releases of guarantees, which
constituted Restricted Investments made after the Issue Date (other than in each case to the
extent that the Restricted Investment was made pursuant to Section 4.04(b)(vii) or
4.04(b)(x)),

     (b) from the sale (other than to the Company or a Restricted Subsidiary) of the Capital
Stock of an Unrestricted Subsidiary, or

     (c) from a distribution or dividend from an Unrestricted Subsidiary; plus

(6) in the event any Unrestricted Subsidiary of the Company has been redesignated as a Restricted
Subsidiary after the Issue Date or has been merged, consolidated or amalgamated with or into, or
transfers or conveys its assets to, or is liquidated into, the Company or a Restricted Subsidiary
after the Issue Date, the Fair Market Value (and, if such Fair Market Value exceeds $20.0 million,
such Fair Market Value shall be set forth in a written resolution of a majority of the Board of
Directors of the Company) of the Investment of the Company in such Unrestricted Subsidiary at the
time of such redesignation, combination or transfer (or of the assets transferred or conveyed, as
applicable), after taking into account any Indebtedness associated with the Unrestricted Subsidiary
so designated or combined or any Indebtedness associated with the assets so transferred or conveyed
(other than in each case to the extent that the designation of such Subsidiary as an Unrestricted
Subsidiary was made pursuant to Section 4.04(b)(vii) or 4.04(b)(x) or constituted a Permitted
Investment.

     “Currency Agreement” means, in respect of a Person, any foreign exchange contract, currency
swap agreement, currency futures contract, currency option contract, currency derivative or other
similar agreement to which such Person is a party or beneficiary.

     “Default” means any event which is, or after notice or passage of time or both would be, an
Event of Default.

     “Designated Non-cash Consideration” means the Fair Market Value of non-cash consideration
received by the Company or one of the Restricted Subsidiaries in connection with an Asset Sale that
is so designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate, setting
forth the basis of such valuation, less the amount of Cash Equivalents received in connection with
a subsequent sale of such Designated Non-cash Consideration.

11

 

     “Designated Preferred Stock” means Preferred Stock of the Company or any direct or indirect
parent of the Company (other than Disqualified Stock), that is issued for cash (other than to the
Company or any of its Subsidiaries or an employee stock ownership plan or trust established by the
Company or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to
an Officers’ Certificate, on the issuance date thereof.

     “Disinterested Directors” means, with respect to any Affiliate Transaction, one or more
members of the Board of Directors of the Company or any parent company of the Company having no
material direct or indirect financial interest in or with respect to such Affiliate Transaction. A
member of any such Board of Directors shall not be deemed to have such a financial interest by
reason of such member’s holding of Equity Interests of the Company or any parent company of the
Company or any options, warrants or other rights in respect of such Equity Interests.

     “Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person
which, by its terms (or by the terms of any security into which it is convertible or for which it
is redeemable or exchangeable), or upon the happening of any event:

(1) matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (other
than as a result of a change of control or asset sale; provided that the relevant asset sale or
change of control provisions, taken as a whole, are not materially more disadvantageous to the
holders of the Notes than is customary in comparable transactions (as determined in good faith by
the Company));

(2) is convertible or exchangeable for Indebtedness or Disqualified Stock of such Person; or

(3) is redeemable at the option of the holder thereof, in whole or in part (other than solely as a
result of a change of control or asset sale),

in each case prior to 91 days after the maturity date of the Notes or the date the Notes are no
longer outstanding; provided, however, that only the portion of Capital Stock which so matures or
is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of
the holder thereof prior to such date shall be deemed to be Disqualified Stock; provided, further,
however, that if such Capital Stock is issued to any employee or to any plan for the benefit of
employees of the Company or its Subsidiaries or by any such plan to such employees, such Capital
Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased
by the Company in order to satisfy applicable statutory or regulatory obligations or as a result of
such employee’s termination, death or disability; provided, further, that any class of Capital
Stock of such Person that by its terms authorizes such Person to satisfy its obligations thereunder
by delivery of Capital Stock that is not Disqualified Stock shall not be deemed to be Disqualified
Stock.

     “Domestic Subsidiary” means, with respect to any Person, any Subsidiary of such Person that is
incorporated or organized under the laws of the United States of America or any state thereof or
the District of Columbia.

12

 

     “EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such
Person for such period plus, without duplication, to the extent the same was deducted in
calculating Consolidated Net Income:

(1) Consolidated Taxes; plus

(2) Consolidated Interest Expense; plus

(3) Consolidated Non-cash Charges; plus

(4) business optimization expenses and other restructuring charges, expenses or reserves; provided
that, with respect to each business optimization expense or other restructuring charge, expense or
reserve, the Company shall have delivered to the Trustee an Officers’ Certificate specifying and
quantifying such expense, charge or reserve and stating that such expense, charge or reserve is a
business optimization expense or other restructuring charge or reserve, as the case may be; plus

(5) the amount of management, monitoring, consulting and advisory fees and related expenses paid to
Rank (or any accruals relating to such fees and related expenses) during such period pursuant to
the terms of the agreements between Rank, the Company and its Subsidiaries as described with
particularity in the Offering Circular and as in effect on the Issue Date; plus

(6) all add backs reflected in the financial presentation of “Adjusted EBITDA” in the section
called “Summary — Summary Historical UCI International Financial Information” of the Offering
Circular in the amounts set forth in and as further described in that section of the Offering
Circular, but only to the extent such add backs occurred in the consecutive four quarter period
used in the calculations of Fixed Charge Coverage Ratio, Senior Secured First Lien Leverage Ratio
and Secured Leverage Ratio, as the case may be; less, without duplication;

(7) non-cash items increasing Consolidated Net Income for such period (excluding the recognition of
deferred revenue or any items which represent the reversal of any accrual of, or cash reserve for,
anticipated cash charges that reduced EBITDA in any prior period and any items for which cash was
received in a prior period); less

(8) all deductions reflected in the financial presentation of “Adjusted EBITDA” in the section
called “Summary — Summary Historical UCI International Financial Information” of the Offering
Circular in the amounts set forth in and as further described in that section of the Offering
Circular, but only to the extent such deductions occurred in the consecutive four quarter period
used in the calculations of Fixed Charge Coverage Ratio, Senior Secured First Lien Leverage Ratio
and Secured Leverage Ratio, as the case may be.

     “Equity Contribution” means the cash to be contributed by Rank to the Issuer as contemplated
in the UCI Acquisition Document.

     “Equity Interests” means Capital Stock and all warrants, options or other rights to acquire
Capital Stock (but excluding any debt security that is convertible into, or exchangeable for,
Capital Stock).

13

 

     “Equity Offering” means any public or private sale after the Issue Date of ordinary shares or
Preferred Stock of the Company or any direct or indirect parent of the Company (other than
Disqualified Stock), other than:

(1) public offerings registered on Form S-8;

(2) issuances to any Subsidiary of the Company; and

(3) any such public or private sale that constitutes an Excluded Contribution.

     “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and
regulations of the SEC promulgated thereunder.

     “Excluded Contributions” means the Cash Equivalents or other assets (valued at their Fair
Market Value as determined in good faith by senior management or the Board of Directors of the
Company) received by the Company, after the Issue Date from:

(1) contributions to its common equity capital; or

(2) the sale (other than to a Subsidiary of the Company or to any Subsidiary management equity plan
or stock option plan or any other management or employee benefit plan or agreement) of Capital
Stock (other than Disqualified Stock and Designated Preferred Stock) of the Company,

in each case designated as Excluded Contributions pursuant to an Officers’ Certificate executed by
an Officer of the Company on or promptly after the date such capital contributions are made or the
date such Capital Stock is sold, as the case may be.

     “Fair Market Value” means, with respect to any asset or property, the price that could be
negotiated in an arm’s-length, free market transaction, for cash, between a willing seller and a
willing and able buyer, neither of whom is under undue pressure or compulsion to complete the
transaction (as determined in good faith by the Company except as otherwise provided in this
Indenture).

     “Financial Assistance Restricted Subsidiary” means any Restricted Subsidiary that is prevented
from being a Guarantor due to applicable financial assistance laws; provided, however, that such
Restricted Subsidiary shall become a Guarantor upon or as soon as reasonably practical after (but
not later than 90 days after (subject to the expiration of applicable waiting periods and
compliance with applicable laws)) such financial assistance laws no longer prevent such Restricted
Subsidiary from being a Guarantor if it would otherwise be required to be a Guarantor pursuant to
Section 4.11.

     “First Lien Obligations” means (i) all Secured Indebtedness secured by a Lien that has equal
priority with, ranks pari passu with, or is otherwise on parity with, or ranks prior to, ahead of,
or otherwise senior to, the Lien in respect of the Senior Secured Credit Facilities, (ii) all other
Obligations (not constituting Indebtedness) of the Company and its Restricted Subsidiaries under
the agreements governing such Secured Indebtedness described in clause (i) to this definition and
(iii) all other Obligations of the Company or any of its Restricted Subsidiaries in respect of

14

 

Hedging Obligations or Obligations in respect of cash management services, in each case owing
to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in
clause (ii) or an Affiliate of such holder at the time of entry into such Hedging Obligations or
Obligations in respect of cash management services.

     “Fixed Charge Coverage Ratio” means, with respect to any Person for any period, the ratio of
EBITDA of such Person for such period to the Fixed Charges of such Person for such period. In the
event that the Company or any Restricted Subsidiaries Incurs, repays, repurchases or redeems any
Indebtedness (other than in the case of revolving credit borrowings or revolving advances in which
case interest expense shall be computed based upon the average daily balance of such Indebtedness
during the applicable period) or issues, repurchases or redeems Disqualified Stock or Preferred
Stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is
being calculated but prior to the event for which the calculation of the Fixed Charge Coverage
Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated
giving pro forma effect to such Incurrence, repayment, repurchase or redemption of Indebtedness, or
such issuance, repurchase or redemption of Disqualified Stock or Preferred Stock, as if the same
had occurred at the beginning of the applicable four-quarter period; provided, however, that (i)
the pro forma calculation of Consolidated Interest Expense shall not give effect to (a) any
Indebtedness, Disqualified Stock or Preferred Stock Incurred or issued on the date of determination
pursuant to Section 4.03(b) and (b) the repayment, repurchase or redemption of any Indebtedness,
Disqualified Stock or Preferred Stock to the extent such repayment, repurchase or redemption
results from the proceeds of Indebtedness, Disqualified Stock or Preferred Stock Incurred or issued
pursuant to Section 4.03(b) and (ii) for purposes of this definition only, the satisfaction and
discharge of the UCI Floating Rate Senior PIK Notes and the indenture related thereto pursuant to
Section 11.01(i)(B) of such indenture shall be deemed to be the redemption of Indebtedness in an
amount equal to the amount deposited with the trustee for such notes pursuant to Section
11.01(i)(B) of such indenture in respect of the Indebtedness thereunder.

     For purposes of making the computation referred to above, Investments, acquisitions,
dispositions, mergers, amalgamations and consolidations (in each case including the UCI
Transactions) and discontinued operations (as determined in accordance with GAAP), in each case
with respect to an operating unit of a business, and any operational changes that the Company or
any of the Restricted Subsidiaries has determined to make or made during the four-quarter reference
period or subsequent to such reference period and on or prior to or simultaneously with the
Calculation Date (each, for purposes of this definition, a “pro forma event”) shall be calculated
on a pro forma basis assuming that all such Investments, acquisitions, dispositions, mergers,
amalgamations and consolidations (in each case including the UCI Transactions), discontinued
operations and operational changes (and the change of any associated Fixed Charges (calculated in
accordance with the proviso in the prior paragraph) and the change in EBITDA resulting therefrom)
had occurred on the first day of the four-quarter reference period. If since the beginning of such
period any Person that subsequently became a Restricted Subsidiary or was merged with or into the
Company or any Restricted Subsidiary since the beginning of such period shall have made any
Investment, acquisition, disposition, merger, amalgamation, consolidation, discontinued operation
or operational change, in each case with respect to an operating unit of a business, that would
have required adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio shall be
calculated giving pro forma effect

15

 

thereto for such period as if such Investment, acquisition, disposition, discontinued
operation, merger, consolidation or operational change had occurred at the beginning of the
applicable four-quarter period.

     For purposes of this definition, whenever pro forma effect is to be given to any pro forma
event, the pro forma calculations shall be made in good faith by a responsible financial or
accounting officer of the Company. Any such pro forma calculation may include adjustments
appropriate, in the reasonable good faith determination of the Company as set forth in an Officers’
Certificate, to reflect operating expense reductions and other operating improvements or synergies
reasonably expected to result from the applicable pro forma event (including, to the extent
applicable, from the UCI Transactions).

     If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the
interest on such Indebtedness shall be calculated as if the rate in effect on the Calculation Date
had been the applicable rate for the entire period (taking into account any Hedging Obligations
applicable to such Indebtedness if such Hedging Obligation has a remaining term in excess of 12
months). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate
reasonably determined by a responsible financial or accounting officer of the Company to be the
rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For
purposes of making the computation referred to above, interest on any Indebtedness under a
revolving credit facility computed on a pro forma basis shall be computed based upon the average
daily balance of such Indebtedness during the applicable period. Interest on Indebtedness that may
optionally be determined at an interest rate based upon a factor of a prime or similar rate, a
eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the
rate actually chosen, or, if none, then based upon such optional rate chosen as the Company may
designate.

     “Fixed Charges” means, with respect to any Person for any period, the sum, without
duplication, of:

(1) Consolidated Interest Expense of such Person for such period and

(2) all cash dividend payments (excluding items eliminated in consolidation) on any series of
Preferred Stock or Disqualified Stock of such Person and its Restricted Subsidiaries.

     “Foreign Subsidiary” means, with respect to any Person, any Subsidiary of such Person that is
not a Domestic Subsidiary of such Person.

     “GAAP” means generally accepted accounting principles in the United States of America as in
effect as of the Issue Date (such principles being referred to as “U.S. GAAP” for purposes of this
definition only), except with respect to any reports or financial information required to be
delivered pursuant to Section 4.02, which shall be prepared in accordance with GAAP as in effect on
the date thereof; provided that, at any time after adoption of IFRS by the Company and the Issuer
for their financial statements and reports for all financial reporting purposes, the Company and
the Issuer may elect to apply IFRS for all purposes of this Indenture, and, upon such election (the
“IFRS Election”), references in this Indenture to GAAP shall be construed to mean IFRS as in effect
on the Issue Date; provided that (1) the IFRS Election, once made, shall

16

 

be irrevocable except as set forth below (and shall only be made once), (2) all financial
statements and reports required to be provided after the IFRS Election pursuant to this Indenture
shall be prepared on the basis of IFRS, (3) from and after the IFRS Election, all ratios,
computations and other determinations based on GAAP contained in this Indenture shall be computed
in conformity with IFRS with retroactive effect being given thereto assuming that the IFRS Election
had been made on the Issue Date, (4) the IFRS Election shall not have the effect of rendering
invalid any payment or Investment made prior to the date of the IFRS Election pursuant to Section
4.04 or any Incurrence of Indebtedness incurred prior to the date of such election pursuant to
Section 4.03 (or any other action conditioned on the Company and its Restricted Subsidiaries having
been able to Incur $1.00 of additional Indebtedness) if such payment, Investment, Incurrence or
other action was valid under this Indenture on the date made, Incurred or taken, as the case may be
and (5) all accounting terms and references in this Indenture to accounting standards shall be
deemed to be references to the most comparable terms or standards under IFRS.

     Notwithstanding the foregoing, if, following the IFRS Election, the Company and the Issuer
adopt U.S. GAAP for their financial statements and reports for all financial reporting purposes in
connection with an initial public offering of the Issuer’s or any of its direct or indirect
parents’ common stock pursuant to an effective registration under the Securities Act covering the
offer and sale of the Issuer’s or any of its direct or indirect parents’ common stock, the Company
and the Issuer may elect to again apply U.S. GAAP for all purposes of this Indenture, and, upon
such election (the “GAAP Election”), references in this Indenture to GAAP shall be again construed
to mean U.S. GAAP as in effect on the Issue Date; provided that (1) upon subsequently reporting
their fiscal year results on the basis of U.S. GAAP, the Company and the Issuer shall restate their
financial statements on the basis of U.S. GAAP for the fiscal year ending immediately prior to the
fiscal year after the GAAP Election, (2) the GAAP Election, once made, shall be irrevocable except
as set forth below (and shall only be made once); provided, however, that, in the event the Company
and the Issuer have made a GAAP Election and are thereafter required by applicable law to apply
IFRS in lieu of U.S. GAAP (any such change, a “Required Change”), they shall be entitled to apply
IFRS (it being understood and agreed that, upon subsequently reporting their fiscal year results on
the basis of IFRS, the Company and the Issuer shall restate their financial statements on the basis
of IFRS for the fiscal year ending immediately prior to the fiscal year after such Required Change
and references in this Indenture to GAAP shall be construed to mean IFRS as in effect on the Issue
Date), (3) all financial statements and reports required to be provided after the GAAP Election
pursuant to this Indenture shall be prepared on the basis of U.S. GAAP, (4) from and after the GAAP
Election, all ratios, computations and other determinations based on GAAP contained in this
Indenture shall be computed in conformity with U.S. GAAP with retroactive effect being given
thereto assuming that the GAAP Election had been made on the Issue Date and (5) the GAAP Election
shall not have the effect of rendering invalid any payment or Investment made prior to the date of
such election pursuant to Section 4.04 or any Incurrence of Indebtedness incurred prior to the date
of such election pursuant to Section 4.03 (or any other action conditioned on the Company and its
Restricted Subsidiaries having been able to Incur $1.00 of additional Indebtedness) if such
payment, Investment, Incurrence or other action was valid under this Indenture on the date made,
Incurred or taken, as the case may be.

17

 

     The Company and the Issuer shall give notice of any IFRS Election or GAAP Election to the
Trustee and the Holders within 15 days of such election. For the avoidance of doubt, solely making
an IFRS Election or GAAP Election (without any other action) will not be treated as an Incurrence
of Indebtedness.

     “Guarantee” means any guarantee of the obligations of the Issuer under this Indenture and the
Notes by any Person in accordance with the provisions of this Indenture.

     “guarantee” means a guarantee (other than by endorsement of negotiable instruments for
collection or deposit in the ordinary course of business), direct or indirect, in any manner
(including, without limitation, letters of credit and reimbursement agreements in respect thereof),
of all or any part of any Indebtedness or other obligations.

     “Guarantors” means (x) the Company and the Restricted Subsidiaries (other than the Issuer)
that have granted a guarantee with respect to the Senior Secured Credit Facilities as of the Issue
Date in connection with the UCI Acquisition and (y) any Person that subsequently becomes a
Guarantor in accordance with the terms of this Indenture; provided, however, that upon the release
or discharge of such Person from its Guarantee in accordance with this Indenture, such Person shall
cease to be a Guarantor.

     “Hedging Obligations” means, with respect to any Person, the obligations of such Person under:

(1) currency exchange, interest rate or commodity swap agreements, currency exchange, interest rate
or commodity cap agreements and currency exchange, interest rate or commodity collar agreements;
and

(2) other agreements or arrangements designed to protect such Person against fluctuations in
currency exchange, interest rates or commodity prices.

     “holder”, “Holder” or “noteholder” means the Person in whose name a Note is registered on the
Registrar’s books.

     “IFRS” means the International Financial Reporting Standards as issued by the International
Accounting Standards Board.

     “including” means including without limitation.

     “Incur” means issue, assume, guarantee, incur or otherwise become liable for; provided,
however, that any Indebtedness or Capital Stock of a Person existing at the time such person
becomes a Subsidiary (whether by merger, amalgamation, consolidation, acquisition or otherwise)
shall be deemed to be Incurred by such Person at the time it becomes a Subsidiary.

     “Indebtedness” means, with respect to any Person (without duplication):

(1) the principal and premium (if any) of any indebtedness of such Person, whether or not
contingent, (a) in respect of borrowed money, (b) evidenced by bonds, notes, debentures or similar
instruments or letters of credit or bankers’ acceptances (or, without duplication,

18

 

reimbursement agreements in respect thereof), (c) representing the deferred and unpaid purchase
price of any property (except (i) any such balance that constitutes a trade payable or similar
obligation to a trade creditor Incurred in the ordinary course of business and (ii) any earn-out
obligations until such obligation becomes a liability on the balance sheet of such Person in
accordance with GAAP), (d) in respect of Capitalized Lease Obligations or (e) representing any
Hedging Obligations, if and to the extent that any of the foregoing indebtedness (other than
letters of credit and Hedging Obligations) would appear as a liability on a balance sheet
(excluding the footnotes thereto) of such Person prepared in accordance with GAAP;

(2) to the extent not otherwise included, any obligation of such Person to be liable for, or to
pay, as obligor, guarantor or otherwise, on the obligations referred to in clause (1) of another
Person (other than by endorsement of negotiable instruments for collection in the ordinary course
of business);

(3) to the extent not otherwise included, Indebtedness of another Person secured by a Lien on any
asset owned by such Person (whether or not such Indebtedness is assumed by such Person); provided,
however, that the amount of such Indebtedness will be the lesser of: (a) the Fair Market Value of
such asset at such date of determination and (b) the amount of such Indebtedness of such other
Person; and

(4) to the extent not otherwise included, with respect to the Company and the Restricted
Subsidiaries, the amount then outstanding (i.e., advanced, and received by, and available for use
by, the Company or any Restricted Subsidiaries) under any Receivables Financing (as set forth in
the books and records of the Company or any Restricted Subsidiary and confirmed by the agent,
trustee or other representative of the institution or group providing such Receivables Financing)
to the extent there is recourse to the Company or the Restricted Subsidiaries (as that term is
understood in the context of recourse and non-recourse receivable financings);

provided, however, that notwithstanding the foregoing, Indebtedness shall be deemed not to include
(1) Contingent Obligations Incurred in the ordinary course of business and not in respect of
borrowed money; (2) deferred or prepaid revenues or marketing fees; (3) purchase price holdbacks in
respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed
obligations of the respective seller; (4) Obligations under or in respect of Qualified Receivables
Financing; (5) obligations under the UCI Acquisition Document; or (6) Subordinated Shareholder
Funding.

     Notwithstanding anything in this Indenture to the contrary, Indebtedness shall not include,
and shall be calculated without giving effect to, the effects of Statement of Financial Accounting
Standards No. 133 and related interpretations to the extent such effects would otherwise increase
or decrease an amount of Indebtedness for any purpose under this Indenture as a result of
accounting for any embedded derivatives created by the terms of such Indebtedness; and any such
amounts that would have constituted Indebtedness under this Indenture but for the application of
this sentence shall not be deemed an Incurrence of Indebtedness under this Indenture.

19

 

     “Independent Financial Advisor” means an accounting, appraisal or investment banking firm or
consultant, in each case of nationally recognized standing, that is, in the good faith
determination of the Company, qualified to perform the task for which it has been engaged.

     “Initial Purchasers” means Credit Suisse Securities (USA) LLC, HSBC Securities (USA) Inc. and
Nomura Securities North America, LLC.

     “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by
Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency.

     “Investment Grade Securities” means:

(1) securities issued or directly and fully guaranteed or insured by the US, U.K., Canadian, Swiss
or Japanese government or any member state of the European Monetary Union or any agency or
instrumentality thereof (other than Cash Equivalents);

(2) securities that have a rating equal to or higher than Baa3 (or equivalent) by Moody’s or BBB-
(or equivalent) by S&P, or an equivalent rating by any other Rating Agency, but excluding any debt
securities or loans or advances between and among the Company and its Subsidiaries;

(3) investments in any fund that invests exclusively in investments of the type described in
clauses (1) and (2) which fund may also hold immaterial amounts of cash pending investment or
distribution; and

(4) corresponding instruments in countries other than the United States customarily utilized for
high quality investments and in each case with maturities not exceeding two years from the date of
acquisition.

     “Investments” means, with respect to any Person, all investments by such Person in other
Persons (including Affiliates) in the form of loans (including guarantees), advances or capital
contributions (excluding accounts receivable, trade credit and advances to customers in the
ordinary course of business and commission, travel and similar advances to officers, employees and
consultants made in the ordinary course of business), purchases or other acquisitions for
consideration of Indebtedness, Equity Interests or other securities issued by any other Person and
investments that are required by GAAP to be classified on the balance sheet of the Company in the
same manner as the other investments included in this definition to the extent such transactions
involve the transfer of cash or other property. For purposes of the definition of “Unrestricted
Subsidiary” and Section 4.04:

(1) “Investments” shall include the portion (proportionate to the Company’s equity interest in such
Subsidiary) of the Fair Market Value of the net assets of a Subsidiary at the time that such
Subsidiary is designated an Unrestricted Subsidiary; provided, however, that upon a redesignation
of such Subsidiary as a Restricted Subsidiary, the Company shall be deemed to continue to have a
permanent “Investment” in an Unrestricted Subsidiary equal to an amount (if positive) equal to:

20

 

     (a) the Company’s “Investment” in such Subsidiary at the time of such redesignation;
less

     (b) the portion (proportionate to the Company’s equity interest in such Subsidiary) of
the Fair Market Value of the net assets of such Subsidiary at the time of such
redesignation; and

(2) any property transferred to or from an Unrestricted Subsidiary shall be valued at its Fair
Market Value at the time of such transfer, in each case as determined in good faith by the Board of
Directors of the Company.

     “Issue Date” means January 26, 2011, the date on which the Notes are originally issued.

     “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest
or similar encumbrance of any kind in respect of such asset, whether or not filed, recorded or
otherwise perfected under applicable law (including any conditional sale or other title retention
agreement or any lease in the nature thereof); provided that in no event shall an operating lease
be deemed to constitute a Lien.

     “Management Group” means the group consisting of the directors, executive officers and other
management personnel of the Company or any direct or indirect parent of the Company on the Issue
Date together with (1) any new directors whose election by such boards of directors or whose
nomination for election by the shareholders of the Company or any direct or indirect parent of the
Company was approved by a vote of a majority of the directors of the Company or any direct or
indirect parent of the Company, then still in office who were either directors on the Issue Date or
whose election or nomination was previously so approved and (2) executive officers and other
management personnel of the Company or any direct or indirect parent of the Company, as applicable,
hired at a time when the directors on the Issue Date together with the directors so approved
constituted a majority of the directors of the Company or any direct or indirect parent of the
Company.

     “Moody’s” means Moody’s Investors Service, Inc. or any successor to the rating agency business
thereof.

     “Net Income” means, with respect to any Person, the Net Income (loss) of such Person,
determined in accordance with GAAP and before any reduction in respect of Preferred Stock
dividends.

     “Net Proceeds” means the aggregate cash proceeds received by the Company or any Restricted
Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received in
respect of or upon the sale or other disposition of any Designated Non-cash Consideration received
in any Asset Sale and any cash payments received by way of deferred payment of principal pursuant
to a note or installment receivable or otherwise, but only as and when received, but excluding the
assumption by the acquiring person of Indebtedness relating to the disposed assets or other
consideration received in any other non-cash form), net of the direct costs relating to such Asset
Sale and the sale or disposition of such Designated Non-cash Consideration (including, without
limitation, legal, accounting and investment banking fees, and brokerage and sales commissions),
any relocation expenses Incurred as a result thereof, taxes

21

 

paid or payable as a result thereof (after taking into account any available tax credits or
deductions and any tax sharing arrangements related thereto), amounts required to be applied to the
repayment of principal, premium (if any) and interest on Indebtedness required (other than pursuant
to Section 4.06(b)(i)) to be paid as a result of such transaction and any deduction of appropriate
amounts to be provided by the Company as a reserve in accordance with GAAP against any liabilities
associated with the asset disposed in such transaction and retained by the Company after such sale
or other disposition thereof, including, without limitation, pension and other post-employment
benefit liabilities and liabilities related to environmental matters or against any indemnification
obligations associated with such transaction.

     “Note Documents” means (a) the Notes, the Guarantees and this Indenture and (b) any other
related document or instrument executed and delivered pursuant to any Note Document described in
clause (a) evidencing or governing any Obligations thereunder.

     “Obligations” means any principal, interest, penalties, fees, indemnifications, reimbursements
(including, without limitation, reimbursement obligations with respect to letters of credit and
bankers’ acceptances), damages and other liabilities payable under the documentation governing any
Indebtedness; provided that Obligations with respect to the Notes shall not include fees or
indemnifications in favor of the Trustee and other third parties other than the holders of the
Notes.

     “Obligor” means the Company, the Issuer or a Guarantor.

     “Offering Circular” means the Confidential Offering Circular dated January 11, 2011, with
respect to the offering of the Notes.

     “Officer” of any Person means the Chairman of the Board, Chief Executive Officer, Chief
Financial Officer, President, any Executive Vice President, Senior Vice President or Vice
President, the Treasurer or the Secretary of such Person or any other person that the board of
directors of such person shall designate for such purpose.

     “Officers’ Certificate” means a certificate signed on behalf of the Company by two Officers of
the Company or of a Subsidiary or parent of the Company that is designated by the Company, one of
whom must be the principal executive officer, the principal financial officer, the treasurer, the
principal accounting officer or similar position of the Company or such Subsidiary or parent that
meets the requirements set forth in this Indenture and is in form and substance satisfactory to the
Trustee.

     “Opinion of Counsel” means a written opinion addressed to the Trustee from legal counsel in
form and substance satisfactory to the Trustee. The counsel may be an employee of or counsel to the
Company.

     “Permitted Holders” means, at any time, each of (i) Rank, (ii) the Management Group and (iii)
any Person acting in the capacity of an underwriter in connection with a public or private offering
of Capital Stock of the Company or any of its Affiliates. Any Person or group whose acquisition of
beneficial ownership constitutes a Change of Control in respect of which a Change of Control Offer
is made in accordance with the requirements of this Indenture will thereafter, together with its
Affiliates, constitute an additional Permitted Holder.

22

 

     “Permitted Investments” means:

(1) any Investment in the Company or any Restricted Subsidiary;

(2) any Investment in Cash Equivalents or Investment Grade Securities;

(3) any Investment by the Company or any Restricted Subsidiary in a Person, including in the Equity
Interests of such Person, if as a result of such Investment (a) such Person becomes a Restricted
Subsidiary or (b) such Person, in one transaction or a series of related transactions, is merged,
consolidated or amalgamated with or into, or transfers or conveys all or Substantially All of its
assets to, or is liquidated into, the Company or a Restricted Subsidiary;

(4) any Investment in securities or other assets not constituting Cash Equivalents and received in
connection with an Asset Sale made pursuant to Section 4.06 or any other disposition of assets not
constituting an Asset Sale;

(5) any Investment existing on, or made pursuant to binding commitments existing on, the Issue Date
or an Investment consisting of any extension, modification or renewal of any Investment existing on
the Issue Date; provided that the amount of any such Investment only may be increased as required
by the terms of such Investment as in existence on the Issue Date;

(6) advances to officers, directors or employees, taken together with all other advances made
pursuant to this clause (6), not to exceed the greater of $2.5 million and 0.25% of Total Assets
(determined at the time of such advances);

(7) any Investment acquired by the Company or any of the Restricted Subsidiaries (a) in exchange
for any other Investment or accounts receivable held by the Company or any such Restricted
Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or
recapitalization of the issuer of such other Investment or accounts receivable, (b) as a result of
a foreclosure by the Company or any Restricted Subsidiaries with respect to any secured Investment
or other transfer of title with respect to any secured Investment in default, (c) as a result of
the settlement, compromise or resolution of litigation, arbitration or other disputes with Persons
who are not Affiliates or (d) in settlement of debts created in the ordinary course of business;

(8) Hedging Obligations permitted under Section 4.03(b)(x);

(9) any Investment by the Company or any Restricted Subsidiaries in a Similar Business having an
aggregate Fair Market Value, taken together with all other Investments made pursuant to this clause
(9) that are at that time outstanding, not to exceed the greater of $37.5 million or 3.25% of Total
Assets (determined at the time of such Investment and with the Fair Market Value of each Investment
being measured at the time made and without giving effect to subsequent changes in value);
provided, however, that if any Investment pursuant to this clause (9) is made in any Person that is
not a Restricted Subsidiary at the date of the making of such Investment and such Person becomes a
Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been made
pursuant to clause (1) above and shall cease to have been made pursuant to this clause (9) for so
long as such Person continues to be a Restricted Subsidiary;

23

 

(10) additional Investments by the Company or any Restricted Subsidiaries having an aggregate Fair
Market Value, taken together with all other Investments made pursuant to this clause (10) that are
at that time outstanding (after giving effect to the sale or other transfer of an Unrestricted
Subsidiary to the extent the proceeds of such sale received by the Company and the Restricted
Subsidiaries consists of cash and Cash Equivalents), not to exceed the greater of $10.0 million and
1.0% of Total Assets (determined at the time of such Investment and with the Fair Market Value of
each Investment being measured at the time made and without giving effect to subsequent changes in
value); provided, however, that if any Investment pursuant to this clause (10) is made in any
Person that is not a Restricted Subsidiary at the date of the making of such Investment and such
Person becomes a Restricted Subsidiary after such date, such Investment shall thereafter be deemed
to have been made pursuant to clause (1) above and shall cease to have been made pursuant to this
clause (10) for so long as such Person continues to be a Restricted Subsidiary;

(11) loans and advances to officers, directors or employees for business-related travel expenses,
moving expenses and other similar expenses, in each case Incurred in the ordinary course of
business or consistent with past practice or to fund such person’s purchase of Equity Interests of
the Company or any direct or indirect parent of the Company;

(12) Investments the payment for which consists of Equity Interests or Subordinated Shareholder
Funding of the Company (other than Disqualified Stock) or any direct or indirect parent of the
Company, as applicable; provided, however, that such Equity Interests will not increase the amount
available for Restricted Payments under clauses (2) and (3) of the definition of Cumulative Credit;

(13) any transaction to the extent it constitutes an Investment that is permitted by and made in
accordance with the provisions of Section 4.07(c) (except transactions described in clauses (ii),
(vi), (vii) and (xi)(B) of Section 4.07(c));

(14) Investments consisting of the licensing or contribution of intellectual property pursuant to
joint marketing arrangements with other Persons;

(15) guarantees issued in accordance with Section 4.03 and Section 4.11;

(16) Investments consisting of or to finance purchases and acquisitions of inventory, supplies,
materials, services or equipment or purchases of contract rights or licenses or leases of
intellectual property;

(17) any Investment in a Receivables Subsidiary or any Investment by a Receivables Subsidiary in
any other Person in connection with a Qualified Receivables Financing, including Investments of
funds held in accounts permitted or required by the arrangements governing such Qualified
Receivables Financing or any related Indebtedness; provided, however, that any Investment in a
Receivables Subsidiary is in the form of a Purchase Money Note, contribution of additional
receivables or an equity interest;

(18) any Investment in an entity or purchase of a business or assets in each case owned (or
previously owned) by a customer of a Restricted Subsidiary as a condition or in connection with

24

 

such customer (or any member of such customer’s group) contracting with a Restricted Subsidiary, in
each case in the ordinary course of business;

(19) any Investment in an entity which is not a Restricted Subsidiary to which a Restricted
Subsidiary sells accounts receivable pursuant to a Receivables Financing;

(20) Investments of a Restricted Subsidiary acquired after the Issue Date or of an entity merged
into, amalgamated with, or consolidated with the Company or a Restricted Subsidiary in a
transaction that is not prohibited by Section 5.01 after the Issue Date to the extent that such
Investments were not made in contemplation of such acquisition, merger, amalgamation or
consolidation and were in existence on the date of such acquisition, merger, amalgamation or
consolidation;

(21) guarantees by the Company or any Restricted Subsidiaries of operating leases (other than
Capitalized Lease Obligations), trademarks, licenses, purchase agreements or of other obligations
that do not constitute Indebtedness, in each case entered into by the Company or any Restricted
Subsidiary in the ordinary course of business consistent with past practice;

(22) pledges or deposits (x) with respect to leases or utilities provided to third parties in the
ordinary course of business or (y) that are otherwise a Permitted Lien or made in connection with a
Permitted Lien; and

(23) any Indebtedness permitted under Section 4.03(b)(xxv).

     “Permitted Liens” means, with respect to any Person:

(1) pledges or deposits by such Person under workmen’s compensation laws, unemployment insurance
laws or similar legislation, or good faith deposits in connection with bids, tenders, contracts
(other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits
to secure public or statutory obligations of such Person or deposits of cash or US government bonds
to secure surety or appeal bonds to which such Person is a party, or deposits as security for
contested taxes or import duties or for the payment of rent, in each case Incurred in the ordinary
course of business;

(2) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ Liens, in each case for
sums not yet overdue by more than 60 days or being contested in good faith by appropriate
proceedings or other Liens arising out of judgments or awards against such Person with respect to
which such Person shall then be proceeding with an appeal or other proceedings for review;

(3) Liens for taxes, assessments or other governmental charges not yet due or payable or subject to
penalties for non-payment or which are being contested in good faith by appropriate proceedings and
for which there are adequate reserves set aside in accordance with GAAP or the non-payment of which
in the aggregate would not reasonably be expected to have a material adverse effect on the Company
and the Restricted Subsidiaries taken as a whole;

(4) Liens (i) required by any regulatory or government authority or (ii) in favor of the Company of
performance and surety bonds or bid bonds or letters of credit or completion

25

 

guarantees issued pursuant to the request of and for the account of such Person in the ordinary
course of its business;

(5) minor survey exceptions, minor encumbrances, easements or reservations of, or rights of others
for, licenses, rights-of-way, sewers, electric lines, telegraph and telephone lines and other
similar purposes, or zoning or other restrictions as to the use of real properties or Liens
incidental to the conduct of the business of such Person or to the ownership of its properties
Incurred in the ordinary course of business and title defects or irregularities that are of a minor
nature and which do not in the aggregate materially impair the operation of the business of such
Person;

(6) (i) Liens securing an aggregate principal amount of Indebtedness not to exceed the maximum
principal amount of Indebtedness that, as of the date such Indebtedness was Incurred, and after
giving effect to the Incurrence of such Indebtedness and the application of proceeds therefrom on
such date, would not cause the Secured Leverage Ratio of the Company to exceed 4.00 to 1.00, and
Liens securing guarantees of such Indebtedness; (ii) Liens securing Indebtedness Incurred pursuant
to Section 4.03(b)(i) and Liens securing guarantees of such Indebtedness; (iii) Liens securing
Indebtedness Incurred pursuant to Section 4.03(b)(iv) and Liens securing guarantees of such
Indebtedness; provided, however, with respect to Liens permitted by this clause (iii), such Lien
shall be limited to the assets being financed and assets and property affixed or appurtenant
thereto and (iv) Liens securing Indebtedness Incurred pursuant to Section 4.03(b)(xxvi);

(7) Liens existing on the Issue Date (other than Liens described in clause (6));

(8) Liens on assets, property or shares of stock of a Person at the time such Person becomes a
Subsidiary; provided, however, that such Liens are not created or Incurred in connection with, or
in contemplation of, such other Person becoming such a Subsidiary; provided further, however, that
such Liens shall be limited to all or part of the same property (including any after acquired
property to the extent it would have been subject to a Lien in respect of the arrangements under
which such Liens arose) that secured the obligations to which the original Liens relate (plus
improvements on such property);

(9) Liens on assets or property at the time the Company or a Restricted Subsidiary acquired the
assets or property, including any acquisition by means of a merger, amalgamation or consolidation
with or into the Company or any Restricted Subsidiary; provided, however, that such Liens are not
created or Incurred in connection with, or in contemplation of, such acquisition; provided further,
however, that the Liens shall be limited to all or part of the same property (including any after
acquired property to the extent it would have been subject to a Lien in respect of the arrangements
under which such Liens arose) that secured the obligations to which the original Liens relate (plus
improvements on such property);

(10) Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing to the
Company or another Restricted Subsidiary permitted to be Incurred in accordance with Section 4.03;

(11) Liens securing Hedging Obligations not Incurred in violation of this Indenture;

26

 

(12) Liens on specific items of inventory or other goods and proceeds of any Person securing such
Person’s obligations in respect of bankers’ acceptances issued or created for the account of such
Person to facilitate the purchase, shipment or storage of such inventory or other goods;

(13) leases, subleases, licenses and sublicenses of real property which do not materially interfere
with the ordinary conduct of the business of the Company or any Restricted Subsidiaries;

(14) Liens on assets or property of the Company or any Restricted Subsidiary securing the Notes or
any Guarantees;

(15) Liens in favor of the Company or any Guarantor;

(16) Liens on accounts receivable and related assets of the type specified in the definition of
“Receivables Financing” Incurred in connection with a Qualified Receivables Financing;

(17) deposits made in the ordinary course of business to secure liability to insurance carriers;

(18) Liens on the Equity Interests of Unrestricted Subsidiaries and on the Equity Interests of
joint ventures securing obligations of such joint ventures;

(19) grants of software and other technology licenses in the ordinary course of business;

(20) Liens to secure any refinancing, refunding, extension, renewal or replacement (or successive
refinancings, refundings, extensions, renewals or replacements) as a whole, or in part, of any
Indebtedness secured by any Lien referred to in clauses (6), (7), (8), (9) and (20); provided,
however, that (x) such new Lien shall be limited to all or part of the same property (including any
after acquired property to the extent it would have been subject to a Lien in respect of the
Indebtedness being refinanced, refunded, extended, renewed or replaced) that secured the original
Lien as in effect immediately prior to the refinancing, refunding, extension, renewal or
replacement of the Indebtedness secured by such Lien (plus improvements on such property), (y) the
Indebtedness secured by such Lien at such time is not increased to any amount greater than the sum
of (A) the outstanding principal amount or, if greater, committed amount of the Indebtedness
described under clauses (6), (7), (8), (9) and (20) at the time the original Lien became a
Permitted Lien under this Indenture and (B) an amount necessary to pay any fees and expenses,
including premiums, related to such refinancing, refunding, extension, renewal or replacement and
(z) such new Lien shall not have priority over, rank ahead of, or otherwise be senior pursuant to
any intercreditor agreement to the original Lien securing the Indebtedness being refinanced,
refunded, extended, renewed or replaced; provided further, however, that in the case of any Liens
to secure any refinancing, refunding, extension, renewal or replacement of Indebtedness secured by
a Lien referred to in any of clauses (6), (7), (8) or (9), the principal amount of any Indebtedness
Incurred for such refinancing, refunding, extension, renewal or replacement shall be deemed secured
by a Lien under such original clause and not this clause (20) for purposes of determining the
principal amount of Indebtedness outstanding under clause 6(i);

27

 

(21) Liens on equipment of the Company or any Restricted Subsidiary granted in the ordinary course
of business to the Company’s or such Restricted Subsidiary’s client at which such equipment is
located;

(22) judgment and attachment Liens not giving rise to an Event of Default and notices of lis
pendens and associated rights related to litigation being contested in good faith by appropriate
proceedings and for which adequate reserves have been made;

(23) Liens arising out of conditional sale, title retention, consignment or similar arrangements
for the sale of goods entered into in the ordinary course of business;

(24) Liens arising by virtue of any statutory or common law provisions relating to banker’s liens,
rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained
with a depository or financial institution;

(25) any interest or title of a lessor under any Capitalized Lease Obligation;

(26) any encumbrance or restriction (including put and call arrangements) with respect to Capital
Stock of any joint venture or similar arrangement pursuant to any joint venture or similar
agreement;

(27) Liens Incurred to secure cash management services or to implement cash pooling arrangements in
the ordinary course of business;

(28) other Liens securing obligations Incurred in the ordinary course of business which obligations
do not exceed $25.0 million at any one time outstanding;

(29) Liens arising from Uniform Commercial Code filings regarding operating leases entered into by
the Company and the Restricted Subsidiaries in the ordinary course of business;

(30) Liens on securities that are the subject of repurchase agreements constituting Cash
Equivalents;

(31) Liens on property or assets under construction (and related rights) in favor of a contractor
or developer or arising from progress or partial payments by a third party relating to such
property or assets prior to completion; and

(32) any Liens that arise in favor of the trustee for, or the holders of, the UCI Floating Rate
Senior PIK Notes in connection with the deposit of funds with such trustee to pay and discharge the
indebtedness under the UCI Floating Rate Senior PIK Notes as part of the UCI Transactions.

     “Person” means any individual, corporation, partnership, limited liability company, joint
venture, association, joint-stock company, trust, unincorporated organization, government or any
agency or political subdivision thereof or any other entity.

     “Preferred Stock” means any Equity Interest with preferential right of payment of dividends or
upon liquidation, dissolution or winding-up.

28

 

     “Public Debt” means any Indebtedness consisting of bonds, debentures, notes or other similar
debt securities issued in (a) a public offering registered under the Securities Act or (b) a
private placement to institutional investors that is underwritten for resale in accordance with
Rule 144A or Regulation S of such Act, whether or not it includes registration rights entitling the
holders of such debt securities to registration thereof with the SEC. The term “Public Debt” (i)
shall not include the Notes (or any Additional Notes) and (ii) for the avoidance of doubt, shall
not be construed to include any Indebtedness issued to institutional investors in a direct
placement of such Indebtedness that is not underwritten by an intermediary (it being understood
that, without limiting the foregoing, a financing that is distributed to not more than 10 Persons
(provided that multiple managed accounts and affiliates of any such Persons shall be treated as one
Person for the purposes of this definition) shall be deemed not to be underwritten), or any
commercial bank or similar Indebtedness, Capitalized Lease Obligation or recourse transfer of any
financial asset or any other type of Indebtedness Incurred in a manner not customarily viewed as a
“securities offering.”

     “Purchase Money Note” means a promissory note of a Receivables Subsidiary evidencing a line of
credit, which may be irrevocable, from the Company or any of its Subsidiaries to a Receivables
Subsidiary in connection with a Qualified Receivables Financing, which note is intended to finance
that portion of the purchase price that is not paid by cash or a contribution of equity.

     “Qualified Receivables Financing” means any Receivables Financing that meets the following
conditions:

(1) the Board of Directors of the Company shall have determined in good faith that such Qualified
Receivables Financing (including financing terms, covenants, termination events and other
provisions) is in the aggregate economically fair and reasonable to the Company or, as the case may
be, the Subsidiary in question;

(2) all sales of accounts receivable and related assets are made at Fair Market Value; and

(3) the financing terms, covenants, termination events and other provisions thereof shall be market
terms (as determined in good faith by the Company) and may include Standard Securitization
Undertakings.

     The grant of a security interest in any accounts receivable of the Company or any of its
Subsidiaries (other than a Receivables Subsidiary or the Subsidiary undertaking such Receivables
Financing) to secure Indebtedness under the Credit Agreement, Indebtedness in respect of the Notes
or any Refinancing Indebtedness with respect to the Notes shall not be deemed a Qualified
Receivables Financing.

     “Rank” means (i) Mr. Graeme Richard Hart (or his estate, heirs, executor, administrator or
other personal representative, or any of his immediate family members or any trust, fund or other
entity which is controlled by his estate, heirs or any of his immediate family members), and any of
his or their Affiliates (each a “Rank Party”) and (ii) any Person that forms a group (within the
meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision)
with any Rank Party; provided that in the case of (ii) (x) a Rank Party owns a majority

29

 

of the voting power of the Voting Stock of the Company or any direct or indirect parent of the
Company, (y) no other Person has beneficial ownership of any of the Voting Stock included in
determining whether the threshold set forth in clause (x) has been satisfied and (z) a Rank Party
controls a majority of the Board of Directors of each of the Company or any direct or indirect
parent of the Company, as applicable.

     “Rating Agency” means (1) each of Moody’s and S&P and (2) if Moody’s or S&P ceases to rate the
Notes for reasons outside of the Company’s control, a “nationally recognized statistical rating
organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act selected by the
Company or any direct or indirect parent of an Company as a replacement agency for Moody’s or S&P,
as the case may be.

     “Receivables Fees” means distributions or payments made directly or by means of discounts with
respect to any participation interests issued or sold in connection with, and all other fees paid
to a Person that is not a Restricted Subsidiary in connection with, any Receivables Financing.

     “Receivables Financing” means any transaction or series of transactions that may be entered
into by the Company or any of its Subsidiaries pursuant to which the Company or any of its
Subsidiaries may sell, convey or otherwise transfer to (a) a Receivables Subsidiary or (b) any
other Person, or may grant a security interest in, any accounts receivable (whether now existing or
arising in the future) of the Company or any of its Subsidiaries, and any assets related thereto
including, without limitation, all collateral securing such accounts receivable, all contracts and
all guarantees or other obligations in respect of such accounts receivable, proceeds of such
accounts receivable and other assets which are customarily transferred or in respect of which
security interests are customarily granted in connection with asset securitization transactions
involving accounts receivable and any Hedging Obligations entered into by the Company or any such
Subsidiary in connection with such accounts receivable.

     “Receivables Repurchase Obligation” means any obligation of a seller of receivables in a
Qualified Receivables Financing to repurchase receivables arising as a result of a breach of a
representation, warranty or covenant or otherwise, including as a result of a receivable or portion
thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a
result of any action taken by, any failure to take action by or any other event relating to the
seller.

     “Receivables Subsidiary” means a Wholly Owned Subsidiary of the Company (or another Person
formed for the purposes of engaging in Qualified Receivables Financing with the Company in which
the Company or any of Subsidiary of the Company makes an Investment and to which the Company or any
Restricted Subsidiary transfers accounts receivable and related assets) that engages in no
activities other than in connection with the financing of accounts receivable of the Company and
its Subsidiaries, all proceeds thereof and all rights (contractual or other), collateral and other
assets relating thereto, and any business or activities incidental or related to such business, and
that is designated by the Board of Directors of the Company (as provided below) as a Receivables
Subsidiary and:

30

 

     (a) no portion of the Indebtedness or any other obligations (contingent or otherwise)
of which (i) is guaranteed by the Company or any Restricted Subsidiary (excluding guarantees
of obligations (other than the principal of and interest on Indebtedness) pursuant to
Standard Securitization Undertakings), (ii) is with recourse to or obligates the Company or
any Subsidiary of the Company in any way other than pursuant to Standard Securitization
Undertakings or (iii) subjects any property or asset of the Company or any other Subsidiary
of the Company, directly or indirectly, contingently or otherwise, to the satisfaction
thereof, other than pursuant to Standard Securitization Undertakings;

     (b) with which neither the Company nor any other Restricted Subsidiary has any material
contract, agreement, arrangement or understanding other than on terms which the Company
reasonably believes to be no less favorable to the Company or such Restricted Subsidiary
than those that might be obtained at the time from Persons that are not Affiliates of any
Company; and

     (c) to which neither the Company nor any other Restricted Subsidiary has any obligation
to maintain or preserve such entity’s financial condition or cause such entity to achieve
certain levels of operating results.

     Any such designation by the Board of Directors of the Company shall be evidenced to the
Trustee by filing with the Trustee a certified copy of the resolution of the Board of Directors of
the Company giving effect to such designation and an Officers’ Certificate certifying that such
designation complied with the foregoing conditions.

     “Registration Rights Agreement” means the Registration Rights Agreement related to the Notes,
dated as of the Issue Date, among the Issuer, the Guarantors and the Initial Purchasers, as such
agreement may be amended, modified or supplemented from time to time, and, with respect to any
Additional Notes, one or more registration rights agreements between the Issuer and the other
parties thereto, as such agreement(s) may be amended, modified or supplemented from time to time,
relating to rights given by the Issuer to the purchasers of Additional Notes to register such
Additional Notes under the Securities Act.

     “Representative” means the trustee, agent or representative (if any) for any Indebtedness;
provided that if, and for so long as, any Indebtedness lacks such a Representative, then the
Representative for such Indebtedness shall at all times constitute the holder or holders of a
majority in outstanding principal amount of obligations under such Indebtedness.

     “Restricted Cash” means cash and Cash Equivalents held by the Company or any Restricted
Subsidiaries that are contractually restricted from being distributed or otherwise paid to the
Company or not available for general corporate purposes, except for such restrictions that are
contained in agreements governing Indebtedness permitted under this Indenture.

     “Restricted Investment” means an Investment other than a Permitted Investment.

     “Restricted Subsidiary” means, with respect to any Person, any Subsidiary of such Person other
than an Unrestricted Subsidiary of such Person. Unless otherwise indicated in this

31

 

Indenture, all references to Restricted Subsidiaries shall mean Restricted Subsidiaries of the
Company.

     “Sale/Leaseback Transaction” means an arrangement relating to property now owned or hereafter
acquired by the Company or a Restricted Subsidiary whereby the Company or a Restricted Subsidiary
transfers such property to a Person and the Company or such Restricted Subsidiary leases it from
such Person, other than leases between the Company and a Restricted Subsidiary or between
Restricted Subsidiaries.

     “S&P” means Standard & Poor’s Ratings Group or any successor to the rating agency business
thereof.

     “SEC” means the Securities and Exchange Commission.

     “Secured Indebtedness” means any Indebtedness secured by a Lien.

     “Secured Leverage Ratio” means, with respect to any Person at any date, the ratio of (i)
Secured Indebtedness of such Person less the amount of Cash Equivalents in excess of any Restricted
Cash that would be stated on the balance sheet of such Person and its Restricted Subsidiaries and
held by such Person and its Restricted Subsidiaries as of such date of determination to (ii) EBITDA
of such Person for the four full fiscal quarters for which internal financial statements are
available immediately preceding the Secured Leverage Calculation Date (as defined below). In the
event that such Person or any of its Restricted Subsidiaries Incurs, repays, repurchases or redeems
any Secured Indebtedness subsequent to the commencement of the period for which the Secured
Leverage Ratio is being calculated but prior to the event for which the calculation of the Secured
Leverage Ratio is made (the “Secured Leverage Calculation Date”), then the Secured Leverage Ratio
shall be calculated giving pro forma effect to such Incurrence, repayment, repurchase or redemption
of Secured Indebtedness as if the same had occurred at the beginning of the applicable four-quarter
period; provided, however, that the Company may elect pursuant to an Officers’ Certificate
delivered to the Trustee to treat all or any portion of the commitment under any Secured
Indebtedness as being Incurred at such time, in which case any subsequent Incurrence of Secured
Indebtedness under such commitment shall not be deemed, for purposes of this calculation, to be an
Incurrence at such subsequent time.

     For purposes of making the computation referred to above, (a) Indebtedness under the UCI
Floating Rate Senior PIK Notes shall not be included in the calculation of Secured Indebtedness if,
and to the extent that, funds have been deposited with the trustee for the UCI Floating Rate Senior
PIK Notes in connection with the repayment and discharge of such Indebtedness as part of the UCI
Transactions and (b) Investments, acquisitions, dispositions, mergers, amalgamations,
consolidations (including the UCI Transactions) and discontinued operations (as determined in
accordance with GAAP), in each case with respect to an operating unit of a business, and any
operational changes that the Company or any of the Restricted Subsidiaries has determined to make
or have made during the four-quarter reference period or subsequent to such reference period and on
or prior to or simultaneously with the Secured Leverage Calculation Date (each, for purposes of
this definition, a “pro forma event”) shall be calculated on a pro forma basis assuming that all
such Investments, acquisitions, dispositions, mergers, amalgamations, consolidations (including the
UCI Transactions), discontinued

32

 

operations and other operational changes (and the change of any associated Secured
Indebtedness and the change in EBITDA resulting therefrom) had occurred on the first day of the
four-quarter reference period. If since the beginning of such period any Person that subsequently
became a Restricted Subsidiary or was merged with or into the Company or any Restricted Subsidiary
since the beginning of such period shall have made any Investment, acquisition, disposition,
merger, amalgamation, consolidation, discontinued operation or operational change, in each case
with respect to an operating unit of a business, that would have required adjustment pursuant to
this definition, then the Secured Leverage Ratio shall be calculated giving pro forma effect
thereto for such period as if such Investment, acquisition, disposition, discontinued operation,
merger, amalgamation, consolidation or operational change had occurred at the beginning of the
applicable four-quarter period.

     For purposes of this definition, whenever pro forma effect is to be given to any pro forma
event, the pro forma calculations shall be made in good faith by a responsible financial or
accounting officer of the Company. Any such pro forma calculation may include adjustments
appropriate, in the reasonable good faith determination of the Company as set forth in an Officers’
Certificate, to reflect operating expense reductions and other operating improvements or synergies
reasonably expected to result from the applicable pro forma event (including, to the extent
applicable, from the UCI Transactions).

     “Securities Act” means the US Securities Act of 1933, as amended, and the rules and
regulations of the SEC promulgated thereunder.

     “Senior Indebtedness” means, with respect to any Person, (a) Indebtedness of such Person,
whether outstanding on the Issue Date or thereafter Incurred and (b) all other Obligations of such
Person (including interest accruing on or after the filing of any petition in bankruptcy or for
reorganization relating to such Person whether or not post-filing interest is allowed in such
proceeding) in respect of Indebtedness described in clause (a), unless, in the case of clauses (a)
and (b), in the instrument creating or evidencing the same or pursuant to which the same is
outstanding, it is provided that such Indebtedness or other Obligations in respect thereof are
subordinate in right of payment to the Notes or the Guarantee of such Person, as the case may be;
provided, however, that Senior Indebtedness shall not include:

(1) any obligation of such Person to the Company or any Subsidiary of the Company;

(2) any liability for national, state, local or other taxes owed or owing by such Person;

(3) any accounts payable or other liability to trade creditors arising in the ordinary course of
business (including guarantees thereof (other than by way of letter of credit, bank guarantee,
performance or other bond, or other similar obligation) or instruments evidencing such
liabilities);

(4) any Capital Stock;

(5) any Indebtedness or other Obligation of such Person which is subordinate or junior in right of
payment to any other Indebtedness or other Obligation of such Person; or

33

 

(6) that portion of any Indebtedness which at the time of Incurrence is Incurred in violation of
this Indenture.

     “Senior Secured Credit Facilities” means the Credit Agreement dated as of January 26, 2011,
among, among others, the Issuer, the Company and Credit Suisse AG, as administrative agent, the
other financial institutions party thereto, as amended, restated, supplemented, waived, replaced
(whether or not upon termination, and whether with the original lenders or otherwise),
restructured, repaid, refunded, refinanced or otherwise modified from time to time, including any
agreement or indenture extending the maturity thereof, refinancing, replacing or otherwise
restructuring all or any portion of the Indebtedness under such agreement or agreements or
indenture or indentures or any successor or replacement agreement or agreements or indenture or
indentures or increasing the amount loaned or issued thereunder (subject to compliance with Section
4.03 and Section 4.12) or altering the maturity thereof.

     “Senior Secured First Lien Indebtedness” means, with respect to any Person at any date, the
sum of (without duplication) (A) Indebtedness under the Senior Secured Credit Facilities, (B) all
other Indebtedness Incurred pursuant to clause (a) of Permitted Debt and (C) to the extent not
included in clauses (A) or (B), all other First Lien Obligations of such Person and its Restricted
Subsidiaries, in each case as of such date (determined on a consolidated basis in accordance with
GAAP).

     “Senior Secured First Lien Leverage Ratio” means, with respect to any Person at any date, the
ratio of (i) Senior Secured First Lien Indebtedness less the amount of Cash Equivalents in excess
of any Restricted Cash that would be stated on the balance sheet of such Person and its Restricted
Subsidiaries and held by such Person and its Restricted Subsidiaries as of such date of
determination to (ii) EBITDA of such Person for the four full fiscal quarters for which internal
financial statements are available immediately preceding the Senior Secured First Lien Leverage
Calculation Date (as defined below). In the event that such Person or any of its Restricted
Subsidiaries Incurs, repays, repurchases or redeems any Senior Secured First Lien Indebtedness
subsequent to the commencement of the period for which the Senior Secured First Lien Leverage Ratio
is being calculated but prior to the event for which the calculation of the Senior Secured First
Lien Leverage Ratio is made (the “Senior Secured First Lien Leverage Calculation Date”), then the
Senior Secured First Lien Leverage Ratio shall be calculated giving pro forma effect to such
Incurrence, repayment, repurchase or redemption of Senior Secured First Lien Indebtedness as if the
same had occurred at the beginning of the applicable four-quarter period; provided, however, that
the Company may elect pursuant to an Officers’ Certificate delivered to the Trustee to treat all or
any portion of the commitment under any Senior Secured First Lien Indebtedness as being Incurred at
such time, in which case any subsequent Incurrence of Senior Secured First Lien Indebtedness under
such commitment shall not be deemed, for purposes of this calculation, to be an Incurrence at such
subsequent time.

     For purposes of making the computation referred to above, (a) Indebtedness under the UCI
Floating Rate Senior PIK Notes shall not be included in the calculation of Senior Secured First
Lien Indebtedness if, and to the extent that, funds have been deposited with the trustee for the
UCI Floating Rate Senior PIK Notes in connection with the repayment and discharge of such
Indebtedness as part of the UCI Transactions and (b) Investments, acquisitions, dispositions,
mergers, amalgamations, consolidations (including the UCI Transactions) and discontinued

34

 

operations (as determined in accordance with GAAP), in each case with respect to an operating
unit of a business, and any operational changes that the Company or any of the Restricted
Subsidiaries has determined to make or have made during the four-quarter reference period or
subsequent to such reference period and on or prior to or simultaneously with the Senior Secured
First Lien Leverage Calculation Date (each, for purposes of this definition, a “pro forma event”)
shall be calculated on a pro forma basis assuming that all such Investments, acquisitions,
dispositions, mergers, amalgamations, consolidations (including the UCI Transactions), discontinued
operations and other operational changes (and the change of any associated Senior Secured First
Lien Indebtedness and the change in EBITDA resulting therefrom) had occurred on the first day of
the four-quarter reference period. If since the beginning of such period any Person that
subsequently became a Restricted Subsidiary or was merged with or into the Company or any
Restricted Subsidiary since the beginning of such period shall have made any Investment,
acquisition, disposition, merger, amalgamation, consolidation, discontinued operation or
operational change, in each case with respect to an operating unit of a business, that would have
required adjustment pursuant to this definition, then the Senior Secured First Lien Leverage Ratio
shall be calculated giving pro forma effect thereto for such period as if such Investment,
acquisition, disposition, discontinued operation, merger, amalgamation, consolidation or
operational change had occurred at the beginning of the applicable four-quarter period.

     For purposes of this definition, whenever pro forma effect is to be given to any pro forma
event, the pro forma calculations shall be made in good faith by a responsible financial or
accounting officer of the Company. Any such pro forma calculation may include adjustments
appropriate, in the reasonable good faith determination of the Company as set forth in an Officers’
Certificate, to reflect operating expense reductions and other operating improvements or synergies
reasonably expected to result from the applicable pro forma event (including, to the extent
applicable, from the UCI Transactions).

     “Significant Subsidiary” means any Restricted Subsidiary that meets any of the following
conditions:

(1) the Company’s and the Restricted Subsidiaries’ investments in and advances to the Restricted
Subsidiary exceed 10% of the total assets of the Company and the Restricted Subsidiaries on a
consolidated basis as of the end of the most recently completed fiscal year;

(2) the Company’s and the Restricted Subsidiaries’ proportionate share of the total assets (after
intercompany eliminations) of the Restricted Subsidiary exceeds 10% of the total assets of the
Company and the Restricted Subsidiaries on a consolidated basis as of the end of the most recently
completed fiscal year; or

(3) the Company’s and the Restricted Subsidiaries’ equity in the income from continuing operations
before income taxes, extraordinary items and cumulative effect of a change in accounting principle
of the Restricted Subsidiary exceeds 10% of such income of the Company and the Restricted
Subsidiaries on a consolidated basis for the most recently completed fiscal year.

35

 

     “Similar Business” means (a) any businesses, services or activities engaged in by the Company
or any of its Subsidiaries on the Issue Date and (b) any businesses, services and activities
engaged in by the Company or any of its Subsidiaries that are related, complementary, incidental,
ancillary or similar to any of the foregoing or are extensions or developments of any thereof.

     “Standard Securitization Undertakings” means representations, warranties, covenants,
indemnities and guarantees of performance entered into by the Company or any Subsidiary of the
Company which the Company has determined in good faith to be customary in a Receivables Financing
including, without limitation, those relating to the servicing of the assets of a Subsidiary, it
being understood that any Receivables Repurchase Obligation shall be deemed to be a Standard
Securitization Undertaking.

     “Stated Maturity” means, with respect to any security, the date specified in such security as
the fixed date on which the final payment of principal of such security is due and payable,
including pursuant to any mandatory redemption provision (but excluding any provision providing for
the repurchase of such security at the option of the holder thereof upon the happening of any
contingency beyond the control of the Company unless such contingency has occurred).

     “Subordinated Indebtedness” means (a) with respect to the Company, any Indebtedness of the
Company which is by its terms subordinated in right of payment to the Notes and (b) with respect to
any Guarantor, any Indebtedness of such Guarantor which is by its terms subordinated in right of
payment to its Guarantee.

     “Subordinated Shareholder Funding” means, collectively, any funds provided to the Company by
any direct or indirect parent, any Affiliate of any direct or indirect parent or any Permitted
Holder or any Affiliate thereof, in exchange for or pursuant to any security, instrument or
agreement other than Capital Stock, in each case issued to and held by any of the foregoing
Persons, together with any such security, instrument or agreement and any other security or
instrument other than Capital Stock issued in payment of any obligation under any Subordinated
Shareholder Funding; provided, however, that such Subordinated Shareholder Funding:

(1) does not (including upon the happening of any event) mature or require any amortization,
redemption or other repayment of principal or any sinking fund payment prior to the first
anniversary of the Stated Maturity of the Notes (other than through conversion or exchange of such
funding into Capital Stock (other than Disqualified Stock) of the Company or any funding meeting
the requirements of this definition) or the making of any such payment prior to the first
anniversary of the Stated Maturity of the Notes is restricted by any intercreditor agreement;

(2) does not (including upon the happening of any event) require, prior to the first anniversary of
the Stated Maturity of the Notes, payment of cash interest, cash withholding amounts or other cash
gross-ups, or any similar cash amounts or the making of any such payment prior to the first
anniversary of the Stated Maturity of the Notes is restricted by any intercreditor agreement;

36

 

(3) contains no change of control or similar provisions and does not accelerate and has no right to
declare a default or event of default or take any enforcement action or otherwise require any cash
payment (in each case, prior to the first anniversary of the Stated Maturity of the Notes) or the
payment of any amount as a result of any such action or provision, or the exercise of any rights or
enforcement action (in each case, prior to the first anniversary of the Stated Maturity of the
Notes) is restricted by any intercreditor agreement;

(4) does not provide for or require any security interest or encumbrance over any asset of the
Company or any of its Subsidiaries; and

(5) pursuant to its terms or pursuant to any intercreditor agreement, is fully subordinated and
junior in right of payment to the Notes pursuant to subordination, payment blockage and enforcement
limitation terms which are customary in all material respects for similar funding;

provided that any event or circumstance that results in such subordinated obligation ceasing to
qualify as Subordinated Shareholder Funding, including it ceasing to be held by any direct or
indirect parent, any Affiliate of any direct or indirect parent or any Permitted Holder or any
Affiliate thereof, shall constitute an Incurrence of such Indebtedness by the Company or such
Restricted Subsidiary.

     “Subsidiary” means, with respect to any Person, (1) any corporation, association or other
business entity (other than a partnership, joint venture or limited liability company) of which
more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the
occurrence of any contingency) to vote in the election of directors, managers or trustees thereof
is at the time of determination owned or controlled, directly or indirectly, by such Person or one
or more of the other Subsidiaries of that Person or a combination thereof and (2) any partnership,
joint venture or limited liability company of which (x) more than 50% of the capital accounts,
distribution rights, total equity and voting interests or general and limited partnership
interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or
more of the other Subsidiaries of that Person or a combination thereof, whether in the form of
membership, general, special or limited partnership interests or otherwise and (y) such Person or
any Subsidiary of such Person is a controlling general partner or otherwise controls such entity.

     “Subsidiary Guarantor” means each Guarantor that is a Subsidiary of the Company.

     “Substantially All” when used in relation to assets, means assets of the relevant entity or
entities having a market value of at least 75% of the market value of all of the assets of such
entity or entities at the date of the relevant transactions.

     “Tax Distributions” means any distributions described in Section 4.04(b)(xii).

     “Taxes” means all present and future taxes, levies, imposts, deductions, charges, duties and
withholdings and any charges of a similar nature (including interest, penalties and other
liabilities with respect thereto) that are imposed by any government or other taxing authority.

     “Total Assets” means the total consolidated assets of the Company and the Restricted
Subsidiaries, as shown on the most recent balance sheet of the Company.

37

 

     “Treasury Rate” (as determined by the Company) means, with respect to the Notes, as of any
redemption date, the yield to maturity as of such 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 date the
redemption notice is mailed (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 February 15, 2015; provided, however, that if the period from the redemption date to such date
is less than one year, the weekly average yield on actually traded United States Treasury
securities adjusted to a constant maturity of one year will be used.

     “Trust Officer” means any officer within the corporate trust department of the Trustee,
including any managing director, vice president, senior associate or any other officer of the
Trustee (1) who customarily performs functions similar to those performed by the Persons who at the
time shall be such officers, respectively, or to whom any corporate trust matter is referred
because of such person’s knowledge of and familiarity with the particular subject and (2) who shall
have direct responsibility for the administration of this Indenture.

     “Trustee” means the party named as such in this Indenture until a successor replaces it and,
thereafter, means the successor.

     “Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939, as amended and as in
effect on the date hereof.

     “UCI” means United Components, Inc., a wholly owned subsidiary of UCI International.

     “UCI Acquisition” means the acquisition by the Company, through the Issuer, of all of the
outstanding stock of UCI pursuant to the UCI Acquisition Document.

     “UCI Acquisition Document” means the Agreement and Plan of Merger, dated as of November 29,
2010, among Rank Group Limited, the Company and UCI International.

     “UCI Acquisition Holdings” means UCI Acquisition Holdings, Inc., a direct wholly owned
subsidiary of UCI International and the direct parent of UCI.

     “UCI Existing Credit Facility Repayment” refers to UCI International’s loan to its indirect,
wholly owned subsidiary, United Components, Inc. and the repayment in full of its Indebtedness
under the credit agreement, dated as of September 23, 2010, among UCI, UCI Acquisition Holdings,
the Issuer and Bank of America, N.A., as administrative agent, and the other financial institutions
party thereto;

     “UCI Floating Rate Senior PIK Notes” refers to the Floating Rate Senior PIK Notes due 2013 of
UCI International, with an outstanding principal amount of $355.1 million as of December 31, 2010.

     “UCI International” means UCI International, Inc., an indirect wholly owned subsidiary of the
Company and the direct parent of UCI Acquisition Holdings.

38

 

     “UCI Tender Offer” refers to UCI International’s offer to purchase and consent solicitations
with respect to the UCI Floating Rate Senior PIK Notes.

     “UCI Transactions” refers to: (i) the offering of the Notes, (ii) the term loan borrowings
under the Senior Secured Credit Facilities in connection with the UCI Acquisition, (iii) the
repayment of certain UCI International indebtedness, including repayment of the UCI Floating Rate
Senior PIK Notes in connection with the UCI Tender Offer, (iv) the UCI Existing Credit Facility
Repayment, (v) the UCI Acquisition, (vi) the merger of UCI Acquisition Holdings with and into UCI
International, with the result that UCI will be the direct, wholly owned subsidiary of UCI
International, (vii) the Equity Contribution, (viii) the other transactions related to the
foregoing and (ix) the payment of fees and expenses related to the foregoing.

     “Unrestricted Subsidiary” means:

(1) any Subsidiary of the Company that at the time of determination shall be designated an
Unrestricted Subsidiary by the Board of Directors of the Company in the manner provided below; and

(2) any Subsidiary of an Unrestricted Subsidiary.

provided, however, that the Issuer shall not be an Unrestricted Subsidiary.

     The Board of Directors of the Company may designate any Subsidiary of the Company (including
any newly acquired or newly formed Subsidiary of the Company) to be an Unrestricted Subsidiary
unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or
owns or holds any Lien on any property of, the Company or any other Subsidiary of the Company that
is not a Subsidiary of the Subsidiary to be so designated; provided, however, that the Subsidiary
to be so designated and its Subsidiaries do not at the time of designation have and do not
thereafter Incur any Indebtedness pursuant to which the lender has recourse to any of the assets of
the Company or any of the Restricted Subsidiaries; provided further, however, that either:

     (a) the Subsidiary to be so designated has total consolidated assets of $1,000 or less; or

     (b) if such Subsidiary has consolidated assets greater than $1,000, then such
designation would be permitted under Section 4.04.

     The Board of Directors of the Company may designate any Unrestricted Subsidiary to be a
Restricted Subsidiary; provided, however, that immediately after giving effect to such designation:

     (x) (1) the Company could Incur $1.00 of additional Indebtedness pursuant to
Section 4.03(a) or (2) the Fixed Charge Coverage Ratio for the Company and its
Restricted Subsidiaries would be greater than such ratio for the Company and its
Restricted Subsidiaries immediately prior to such designation, in each case on a pro
forma basis taking into account such designation; and

39

 

     (y) no Event of Default shall have occurred and be continuing.

     Any such designation by the Board of Directors of the Company shall be evidenced to the
Trustee by promptly filing with the Trustee a copy of the resolution of the Board of Directors of
the Company giving effect to such designation and an Officers’ Certificate certifying that such
designation complied with the foregoing provisions.

     “US Controlled Foreign Subsidiary” means any Person that (A)(i) is a Foreign Subsidiary and
(ii) is a “controlled foreign corporation” within the meaning of Section 957(a) of the Code and the
US Treasury Regulations thereunder or (B)(i) is a Domestic Subsidiary and (ii) has no material
assets other than securities of one or more Foreign Subsidiaries (which are “controlled foreign
corporations” within the meaning of Section 957(a) of the Code and the US Treasury Regulations
thereunder) of such Domestic Subsidiary and indebtedness issued by such Foreign Subsidiaries.

     “US Dollar Equivalent” means with respect to any monetary amount in a currency other than U.S.
Dollars, at any time for determination thereof by the Company or the Trustee, the amount of U.S.
Dollars obtained by converting such currency other than U.S. Dollars involved in such computation
into U.S. Dollars at the spot rate for the purchase of U.S. Dollars with the applicable foreign
currency as published in The Wall Street Journal in the “Exchange Rates” column under the heading
“Currency Trading” (or, if The Wall Street Journal is no longer published, or if such information
is no longer available in The Wall Street Journal, such source as may be selected in good faith by
the Company) on the date of such determination.

     “Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at
the time entitled to vote in the election of the Board of Directors of such Person.

     “Weighted Average Life to Maturity” means, when applied to any Indebtedness or Disqualified
Stock, as the case may be, at any date, the quotient obtained by dividing (1) the sum of the
products of the number of years from the date of determination to the date of each successive
scheduled principal payment of such Indebtedness or redemption or similar payment with respect to
such Disqualified Stock multiplied by the amount of such payment, by (2) the sum of all such
payments.

     “Wholly Owned Restricted Subsidiary” is any Wholly Owned Subsidiary that is a Restricted
Subsidiary.

     “Wholly Owned Subsidiary” of any Person means a Subsidiary of such Person 100% of the
outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying
shares or other similar shares required pursuant to applicable law) shall at the time be owned by
such Person or by one or more Wholly Owned Subsidiaries of such Person.

          SECTION 1.02. Other Definitions.

40

 

	 	 	 
	 	 	Defined
	Term	 	in Section
	“Additional Amounts”
	 	10.08(a)
	“Affiliate Transaction”
	 	4.07(a)
	“Asset Sale Offer”
	 	4.06(b)
	“Authentication Order”
	 	2.03
	“Bankruptcy Laws”
	 	6.01
	“Change of Control Offer”
	 	4.08(c)
	“Change of Control Payment”
	 	4.08(c)
	“Change of Control Payment Date”
	 	4.08(c)
	“Company”
	 	2.04(b)
	“Consolidation”
	 	5.01(b)
	“covenant defeasance option”
	 	8.01
	“Custodian”
	 	6.01
	“Definitive Security”
	 	Appendix A
	“Depositary”
	 	Appendix A
	“Directive”
	 	10.08(a)
	“DTC”
	 	Appendix A
	“Event of Default”
	 	6.01
	“Excess Proceeds”
	 	4.06(b)
	“Exchange Notes”
	 	Appendix A
	“Exchange Offer Registration Statement”
	 	Appendix A
	“Global Securities Legend”
	 	Appendix A
	“Global Securities”
	 	Appendix A
	“Guaranteed Obligations”
	 	10.01(a)
	“Indenture”
	 	Preamble
	“Initial Paying Agent”
	 	2.04(a)
	“legal defeasance option”
	 	8.01
	“Notes”
	 	Preamble
	“Offer Period”
	 	4.06(e)
	“Original Notes”
	 	Preamble
	“Paying Agent”
	 	2.04(a)
	“Payor”
	 	10.08(a)
	“Permitted Debt”
	 	4.03(b)
	“protected purchaser”
	 	2.08
	“Purchase Agreement”
	 	Appendix A
	“QIB”
	 	Appendix A
	“Refinancing Indebtedness”
	 	4.03(b)
	“Refunding Capital Stock”
	 	4.04(b)
	“Registered Exchange Offer”
	 	Appendix A
	“Registrar”
	 	2.04(a)
	“Regulation S”
	 	Appendix A
	“Regulation S Securities”
	 	Appendix A
	“Relevant Taxing Jurisdiction”
	 	10.08(a)
	“Restricted Payments”
	 	4.04(a)

41

 

	 	 	 
	 	 	Defined
	Term	 	in Section
	“Retired Capital Stock”
	 	4.04(b)
	“Rule 144A”
	 	Appendix A
	“Rule 144A Securities”
	 	Appendix A
	“Second Commitment”
	 	4.06(b)
	“Shelf Registration Statement”
	 	Appendix A
	“Successor Holding Company”
	 	5.01(a)
	“Successor Guarantor”
	 	5.01(b)
	“Successor Issuer”
	 	5.01(c)
	“Suspended Covenants”
	 	4.19(a)
	“Transfer Agent”
	 	2.04(a)
	“Transfer Restricted Securities”
	 	Appendix A

          SECTION
1.03. Rules of Construction. Unless the context otherwise requires:

          (a) a term has the meaning assigned to it;

          (b) an accounting term not otherwise defined has the meaning assigned to it in
accordance with GAAP;

          (c) “or” is not exclusive;

          (d) “including” means including without limitation;

          (e) words in the singular include the plural and words in the plural include the
singular;

          (f) the principal amount of any non-interest bearing or other discount security at any
date shall be the principal amount thereof that would be shown on a balance sheet of the
issuer dated such date prepared in accordance with GAAP;

          (g) the principal amount of any Preferred Stock shall be (i) the maximum liquidation
value of such Preferred Stock or (ii) the maximum mandatory redemption or mandatory
repurchase price with respect to such Preferred Stock, whichever is greater;

          (h) unless otherwise specified herein, all accounting terms used herein shall be
interpreted, all accounting determinations hereunder shall be made, and all financial
statements required to be delivered hereunder shall be prepared in accordance with GAAP;

          (i) as used in this Indenture, (i) prior to the consummation of the UCI Acquisition,
references to the “Issuer” refer to Uncle Acquisition 2010 Corp and (ii) after the
consummation of the UCI Acquisition, such references refer to UCI International.

          (j) unless otherwise specified herein, references to any Person shall be to it and any
successor in interest thereto;

42

 

     (k) references to sections of, or rules under, the Securities Act or Exchange Act
shall be deemed to include substitute, replacement or successor sections or rules adopted by
the SEC from time to time;

     (l) unless the context otherwise requires, any reference to an “Article,” “Section” or
“clause” refers to an Article, Section or clause, as the case may be, of this Indenture; and

     (m) the words “herein,” “hereof” and “hereunder” and any other words of similar import
refer to this Indenture as a whole and not any particular Article, Section, clause or other
subdivision.

ARTICLE II

The Notes

          SECTION 2.01. Amount of Notes. The aggregate principal amount of Notes which may be
authenticated and delivered under this Indenture on the Issue Date is $400,000,000. All Original
Notes shall be substantially identical except as to denomination.

          The Issuer may from time to time after the Issue Date issue Additional Notes under this
Indenture in an unlimited principal amount, so long as (i) the Incurrence of the Indebtedness
represented by such Additional Notes is at such time permitted by Section 4.03 and (ii) such
Additional Notes are issued in compliance with Section 4.12 and the other applicable provisions of
this Indenture. With respect to any Additional Notes issued after the Issue Date (except for Notes
authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of,
other Notes pursuant to Section 2.07, 2.08, 2.09, 2.10, 4.06(g), 4.08(c) or Appendix A), there
shall be (a) established in or pursuant to a resolution of the Board of Directors of the Issuer and
(b) (i) set forth or determined in the manner provided in an Officers’ Certificate or (ii)
established in one or more indentures supplemental hereto, prior to the issuance of such Additional
Notes:

     (1) the aggregate principal amount of such Additional Notes which may be
authenticated and delivered under this Indenture;

     (2) the issue price and issuance date of such Additional Notes, including the
date from which interest on such Additional Notes shall accrue;

     (3) if applicable, that such Additional Notes shall be issuable in whole or in
part in the form of one or more Global Securities and, in such case, the respective
depositaries for such Global Securities, the form of any legend or legends which
shall be borne by such Global Securities in addition to or in lieu of those set
forth in Exhibit A hereto and any circumstances in addition to or in lieu of those
set forth in Section 2.3 of Appendix A in which any such Global Security may be
exchanged in whole or in part for Additional Notes registered, or any transfer of
such Global Security in whole or in part may be registered, in the name or names of
Persons other than the depositary for such Global Security or a nominee thereof;
and

43

 

     (4) whether such Additional Notes shall be Original Notes or shall be issued
in the form of Exchange Notes as set forth in Exhibit A.

          If any of the terms of any Additional Notes are established by action taken pursuant to a
resolution of the Board of Directors of the Issuer, a copy of an appropriate record of such action
shall be certified by an Officer or authorized signatory of the Issuer and delivered to the Trustee
at or prior to the delivery of the Officers’ Certificate or the indenture supplemental hereto
setting forth the terms of the Additional Notes.

          The Notes, including any Additional Notes, shall be treated as a single class for all purposes
under this Indenture, including waivers, amendments, redemptions and offers to purchase. Unless
the context otherwise requires, for all purposes of this Indenture, references to the Notes include
any Additional Notes actually issued.

          SECTION 2.02. Form and Dating. Provisions relating to the Notes and the Exchange
Notes are set forth in Appendix A, which is hereby incorporated in and expressly made a part of
this Indenture. The (i) Notes and the Trustee’s certificate of authentication and (ii) any
Additional Notes (if issued as Transfer Restricted Securities) and the Trustee’s certificate of
authentication shall each be substantially in the form of Exhibit A hereto, which is hereby
incorporated in and expressly made a part of this Indenture. The Exchange Notes shall be in
substantially the form of Exhibit A hereto, as applicable, except that the Exchange Notes shall not
contain the “Restricted Securities Legend”, as set forth in Exhibit A hereto. The Notes may have
notations, legends or endorsements required by law, stock exchange rule, agreements to which the
Issuer or any Guarantor is subject, if any, or usage (provided that any such notation, legend or
endorsement is in a form acceptable to the Issuer). Each Note shall be dated the date of its
authentication. The Notes shall be issuable only in registered form without interest coupons and
in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. The Global
Securities shall be in registered form without interest coupons and the Definitive Securities shall
be in registered form without interest coupons. Each Global Security shall represent such of the
outstanding Notes as shall be specified in the “Schedule of Exchanges of Interests in the Global
Security” attached thereto and each shall provide that it shall represent up to the aggregate
principal amount of Notes from time to time endorsed thereon and that the aggregate principal
amount of outstanding Notes represented thereby may from time to time be reduced or increased, as
applicable, to reflect exchanges and redemptions. Any endorsement of a Global Security to reflect
the amount of any increase or decrease in the aggregate principal amount of outstanding Notes
represented thereby shall be made by the Trustee or the Registrar, at the direction of the Trustee,
in accordance with instructions given by the Holder thereof as required by Section 2.03 hereof.

          SECTION 2.03. Execution and Authentication. The Trustee shall authenticate and in
the case of a Global Security registered in the name of DTC or its nominee, hold such Global
Security as custodian for DTC upon a written order of the Issuer signed by an Officer or authorized
signatory of the Issuer (an “Authentication Order”) (a) Original Notes for original issue on the
date hereof in an aggregate principal amount of $400,000,000, (b) pursuant to an Exchange Offer,
Exchange Notes from time to time for issue only in a Registered Exchange Offer for a like principal
amount of Original Notes, and (c) subject to the terms of this Indenture, Additional Notes in an
aggregate principal amount to be determined at the time of issuance and

44

 

specified therein. Such order shall specify the amount of the Notes to be authenticated and
the date on which the original issue of Notes is to be authenticated. Notwithstanding anything to
the contrary in this Indenture or Appendix A, any issuance of Additional Notes after the Issue Date
shall be in a principal amount of at least $2,000 and integral multiples of $1,000 in excess
thereof.

          One Officer or authorized signatory of the Issuer shall sign the Notes for the Issuer by
manual or facsimile signature.

          If an Officer or authorized signatory whose signature is on a Note no longer holds that office
at the time the Trustee authenticates the Note, the Note shall be valid nevertheless.

          Prior to authentication of any Additional Notes, the Trustee shall be entitled to receive the
Officer’s Certificate and Opinion of Counsel required pursuant to Sections 11.02 and 11.03.

          A Note shall not be valid until an authorized signatory of the Trustee manually signs the
certificate of authentication on the Note. The signature shall be conclusive evidence that the
Note has been authenticated under this Indenture.

          The Trustee may appoint one or more authenticating agents reasonably acceptable to the Issuer
to authenticate the Note. Any such appointment shall be evidenced by an instrument signed by a
Trust Officer, a copy of which shall be furnished to the Issuer. Unless limited by the terms of
such appointment, an authenticating agent may authenticate Notes whenever the Trustee may do so.
Each reference in this Indenture to authentication by the Trustee includes authentication by such
agent. An authenticating agent has the same rights as any Registrar, Paying Agent or agent for
service of notices and demands.

          SECTION 2.04. Registrar and Paying Agent. (a) The Issuer shall maintain (i) a
paying agent (the “Paying Agent”) for the Notes in the United States where Notes may be presented
for payment, (ii) one or more registrars (each, a “Registrar”) and (iii) a transfer agent (the
“Transfer Agent") in the United States where the Notes may be presented for registration of
transfer or for exchange. The Issuer may have one or more additional co-registrars and one or more
additional paying agents. The term “Registrar” includes the Registrar and any additional
co-registrars. The term “Paying Agent” includes the Initial Paying Agent and any additional paying
agents. The initial Paying Agent shall be Wilmington Trust FSB, in the United States (the “Initial
Paying Agent”). The initial Registrar shall be Wilmington Trust FSB. The initial Transfer Agent
shall be Wilmington Trust FSB, in the United States. Each hereby accepts such appointments. The
Transfer Agent shall facilitate transfers of Definitive Securities on behalf of the Issuer. The
Transfer Agent shall perform the functions of a transfer agent.

          (b) The Issuer may enter into an appropriate agency agreement with any Registrar or Paying
Agent not a party to this Indenture. The agreement shall implement the provisions of this
Indenture that relate to such Agent. The Issuer shall notify the Trustee of the name and address
of any such Agent. If the Issuer fails to maintain a Registrar or Paying Agent, the Trustee shall
act as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.06.
UCI Holdings Limited, a New Zealand limited liability company and the

45

 

indirect parent of the Issuer (the “Company”), or any of its Subsidiaries may act as Registrar
or, provided that such Subsidiaries are located in the United States, Paying Agent (other than with
respect to Global Securities).

          (c) The Issuer may change any Registrar, Paying Agent or Transfer Agent upon written notice
to such Registrar, Paying Agent or Transfer Agent and to the Trustee, without prior notice to
Holders; provided, however, that no such removal shall become effective until acceptance of an
appointment by a successor as evidenced by an appropriate agreement entered into by the Issuer and
such successor Registrar or Paying Agent as the case may be, and delivered to the Trustee and
provided, further, that in all circumstances the Paying Agent will be located in the United States.
The Registrar or Paying Agent may resign at any time upon written notice to the Issuer and the
Trustee in accordance with Section 7.07.

          SECTION 2.05. Paying Agent to Hold Money. At least one Business Day prior to each
due date of the principal of and interest on any Note, the Issuer shall deposit with the Paying
Agent (or if the Company or any of its Subsidiaries is acting as Paying Agent, segregate and hold
for the benefit of the Persons entitled thereto) a sum in immediately available funds sufficient to
pay such principal and interest when so becoming due. The Issuer shall require each Paying Agent
to agree in writing (and the Initial Paying Agent hereby agrees) that such Paying Agent shall hold
for the benefit of Holders or the Trustee all money held by such Paying Agent for the payment of
principal of and interest on the Notes, and shall notify the Trustee of any default by the Issuer
in making any such payment. If the Company or any of its Subsidiaries acts as Paying Agent, it
shall segregate the money held by it as Paying Agent and hold it for the benefit of the Persons
entitled thereto. The Issuer at any time may require the Paying Agent to pay all money held by it
to the Trustee and to account for any funds disbursed by such Paying Agent. Upon complying with
this Section 2.05, the Paying Agent shall have no further liability for the money delivered to the
Trustee.

          SECTION 2.06. Holder Lists. The Trustee shall preserve in as current a form as is
reasonably practicable the most recent list available to it of the names and addresses of Holders.
If the Trustee is not the Registrar, the Issuer shall furnish, or cause the Registrar to furnish,
to the Trustee, in writing at least five Business Days before each payment date on the Notes and at
such other times as the Trustee may request in writing, a list in such form and as of such date as
the Trustee may reasonably require of the names and addresses of Holders.

          SECTION 2.07. Transfer and Exchange. The Notes shall be issued in registered form
and shall be transferable only upon the surrender of a Note for registration of transfer and in
compliance with Appendix A. When a Note is presented to the Registrar with a request to register a
transfer, the Registrar shall register the transfer as requested if its requirements therefor are
met. To permit registration of transfers and exchanges, the Issuer shall execute and the Trustee
shall authenticate Notes at the Registrar’s request. The Issuer may require payment of a sum
sufficient to pay all taxes, assessments or other governmental charges in connection with any
transfer or exchange pursuant to this Section 2.07. The Issuer shall not be required to make, and
the Registrar need not register, transfers or exchanges of Notes selected for redemption (except,
in the case of Notes to be redeemed in part, the portion thereof not to be redeemed) or of any
Notes for a period of 15 days before a selection of Notes to be redeemed.

46

 

          Prior to registration of transfer of any Note, the Issuer, the Guarantors, the Trustee, the
Paying Agent, the Transfer Agent and the Registrar may deem and treat the Person in whose name a
Note is registered as the absolute owner of such Note for the purpose of receiving payment of
principal of and interest, if any, on such Note and for all other purposes whatsoever, whether or
not such Note is overdue, and none of the Issuer, any Guarantor, the Trustee, the Paying Agent, the
Transfer Agent or the Registrar shall be affected by notice to the contrary.

          Any Holder of a beneficial interest in a Global Security shall, by acceptance of such
beneficial interest, agree that transfers of beneficial interests in such Global Security may be
effected only through a book-entry system maintained by (a) the Holder of such Global Security (or
its agent) or (b) any Holder of a beneficial interest in such Global Security, and that ownership
of a beneficial interest in such Global Security shall be required to be reflected in a book entry.

          All Notes issued upon any transfer or exchange pursuant to the terms of this Indenture shall
evidence the same debt and shall be entitled to the same benefits under this Indenture as the Notes
surrendered upon such transfer or exchange.

          SECTION 2.08. Replacement Notes. If a mutilated Note is surrendered to the Registrar
or if the Holder of a Note claims that the Note has been lost, destroyed or wrongfully taken, the
Issuer shall issue and the Trustee shall authenticate a replacement Note if the requirements of
Section 8-405 of the Uniform Commercial Code are met, such that the Holder (a) satisfies the Issuer
or the Trustee within a reasonable time after such Holder has notice of such loss, destruction or
wrongful taking and the Registrar does not register a transfer prior to receiving such
notification, (b) makes such request to the Issuer or the Trustee prior to the Note being acquired
by a protected purchaser as defined in Section 8-303 of the Uniform Commercial Code (a “protected
purchaser”) and (c) satisfies any other requirements of the Trustee. If required by the Trustee or
the Issuer, such Holder shall provide an indemnity or security sufficient in the judgment of the
Trustee or the Issuer to protect the Issuer, the Trustee, the Paying Agent, the Transfer Agent and
the Registrar from any loss that any of them may suffer if a Note is replaced. The Issuer, the
Registrar and the Trustee may charge the Holder for their expenses in replacing a Note (including
attorneys’ fees and disbursements in replacing such Note). In the event any such mutilated, lost,
destroyed or wrongfully taken Note has become or is about to become due and payable, the Issuer in
its discretion may pay such Note instead of issuing a new Note in replacement thereof.

          Every replacement Note is an additional obligation of the Issuer.

          The provisions of this Section 2.08 are exclusive and shall preclude (to the extent lawful)
all other rights and remedies with respect to the replacement or payment of mutilated, lost,
destroyed or wrongfully taken Notes.

          SECTION 2.09. Outstanding Notes. Notes outstanding at any time are all Notes
authenticated by the Trustee except for those canceled by the Registrar or any Agent in accordance
with this Indenture, those delivered to it for cancellation and those described in this

47

 

Section 2.09 as not outstanding. Subject to Section 11.04, a Note does not cease to be
outstanding because the Issuer or any Affiliate of the Issuer holds the Note.

          If a Note is replaced pursuant to Section 2.08 (other than a mutilated Note surrendered for
replacement), it ceases to be outstanding unless the Trustee and the Issuer receive proof
satisfactory to them that the replaced Note is held by a protected purchaser. A mutilated Note
ceases to be outstanding upon surrender of such Note and replacement thereof pursuant to Section
2.08.

          If the Paying Agent holds, in accordance with this Indenture, on a redemption date or maturity
date money sufficient to pay all principal and interest payable on that date with respect to the
Notes (or portions thereof) to be redeemed or maturing, as the case may be, and the Paying Agent is
not prohibited from paying such money to the Holders on that date pursuant to the terms of this
Indenture, then on and after that date such Notes (or portions thereof) shall cease to be
outstanding and interest on them ceases to accrue.

          SECTION 2.10. Temporary Notes. In the event that Definitive Securities are to be
issued under the terms of this Indenture, until such Definitive Securities are ready for delivery,
the Issuer may prepare and the Trustee or an agent thereof shall authenticate temporary Notes.
Temporary Notes shall be substantially in the form of Definitive Securities but may have variations
that the Issuer considers appropriate for temporary Notes. Without unreasonable delay, the Issuer
shall prepare and the Trustee or an agent thereof shall authenticate Definitive Securities and the
Registrar and the Agents shall make them available for delivery in exchange for temporary Notes
upon surrender of such temporary Notes at the office or agency of the Issuer, without charge to the
Holder. Until such exchange, temporary Notes shall be entitled to the same rights, benefits and
privileges as Definitive Securities.

          SECTION 2.11. Cancellation. The Issuer at any time may deliver Notes to the
Registrar for cancellation. The Paying Agent shall forward to the Registrar any Notes surrendered
to it for registration of transfer, exchange or payment. The Registrar and no one else shall
cancel all Notes surrendered for registration of transfer, exchange, payment or cancellation and
shall dispose of canceled Notes in accordance with its customary procedures upon receipt of written
instructions from the Issuer. The Issuer may not issue new Notes to replace Notes it has redeemed,
paid or delivered to the Registrar for cancellation. The Trustee shall not authenticate Notes in
place of canceled Notes other than pursuant to the terms of this Indenture.

          SECTION 2.12. Defaulted Interest. If the Issuer defaults in a payment of interest on
the Notes, the Issuer shall pay the defaulted interest then borne by the Notes (plus interest on
such defaulted interest to the extent lawful) in any lawful manner. The Issuer may pay the
defaulted interest to the Persons who are Holders on a subsequent special record date. The Issuer
shall fix or cause to be fixed any such special record date and payment date to the reasonable
satisfaction of the Trustee and shall promptly deliver or cause to be delivered to each affected
Holder a notice that states the special record date, the payment date and the amount of defaulted
interest to be paid.

          SECTION 2.13. CUSIPs, Common Codes, ISINs, etc. The Issuer in issuing the Notes may
use CUSIPs, ISINs and Common Codes, as applicable and, if so, the Trustee shall use

48

 

CUSIPs, ISINs and Common Codes, as applicable in notices of redemption as a convenience to
Holders; provided, however, that any such notice may state that no representation is made as to the
correctness of such numbers, either as printed on the Notes or as contained in any notice of a
redemption, that reliance may be placed only on the other identification numbers printed on the
Notes and that any such redemption shall not be affected by any defect in or omission of such
numbers. The Issuer shall advise the Trustee and each Agent of any change in the CUSIPs, ISINs and
Common Codes.

          SECTION 2.14. Calculation of Principal Amount of Notes. The aggregate principal
amount of the Notes, at any date of determination, shall be the principal amount of the Notes at
such date of determination. With respect to any matter requiring consent, waiver, approval or
other action of the Holders of a specified percentage of the principal amount of all the Notes,
such percentage shall be calculated, on the relevant date of determination, by dividing (a) the
principal amount, as of such date of determination, of Notes, the Holders of which have so
consented, by (b) the aggregate principal amount, as of such date of determination, of the Notes
then outstanding, in each case, as determined in accordance with the preceding sentence, Section
2.09 and Section 11.04 of this Indenture. Any such calculation made pursuant to this Section 2.14
shall be made by the Issuer and delivered to the Trustee pursuant to an Officers’ Certificate.

          SECTION 2.15. Currency. The US Dollar is the sole currency of account and payment
for all sums payable by the Issuer or any Guarantor under or in connection with the Notes,
including damages. Any amount with respect to the Notes received or recovered in a currency other
than US Dollars, whether as a result of, or the enforcement of, a judgment or order of a court of
any jurisdiction, in the winding-up or dissolution of the Issuer or any Guarantor or otherwise by
any noteholder or by the Trustee, in respect of any sum expressed to be due to it from the Issuer
or any Guarantor will only constitute a discharge to the Issuer or any Guarantor to the extent of
the US Dollar amount which the recipient is able to purchase with the amount so received or
recovered in that other currency on the date of that receipt or recovery (or, if it is not
practicable to make that purchase on that date, on the first date on which it is practicable to do
so).

          If that US Dollar amount is less than the US Dollar amount expressed to be due to the
recipient or the Trustee under any Note, the Issuer and any Guarantor will indemnify such recipient
and/or the Trustee against any loss sustained by it as a result. In any event, the Issuer and any
Guarantor will indemnify the recipient and/or Trustee against the cost of making any such purchase.
For the purposes of this currency indemnity provision, it will be prima facie evidence of the
matter stated therein for the holder of a Note or the Trustee to certify in a manner satisfactory
to the Issuer (indicating the sources of information used) the loss it Incurred in making any such
purchase. These indemnities constitute a separate and independent obligation from the Issuer and
any Guarantor’s other obligations, will give rise to a separate and independent cause of action,
will apply irrespective of any waiver granted by any holder of a Note or the Trustee (other than a
waiver of the indemnities set out herein) and will continue in full force and effect despite any
other judgment, order, claim or proof for a liquidated amount in respect of any sum due under any
Note or to the Trustee.

49

 

          Except as otherwise specifically set forth herein, for purposes of determining compliance with
any US Dollar-denominated restriction herein, the US Dollar Equivalent amount for purposes hereof
that is denominated in a non-US Dollar currency shall be calculated based on the relevant currency
exchange rate in effect on the date such non-US Dollar amount is Incurred or made, as the case may
be.

ARTICLE III

Redemption

          SECTION 3.01. Redemption. The Notes may be redeemed, in whole or in part, from time
to time, subject to the conditions and at the redemption prices set forth in Section 5 of the form
of Note set forth in Exhibit A, which is hereby incorporated by reference and made a part of this
Indenture, together with accrued and unpaid interest and premiums (if any) to the redemption date.

          SECTION 3.02. Applicability of Article. Redemption of Notes at the election of the
Issuer or otherwise, as permitted or required by the Notes or any provision of this Indenture,
shall be made in accordance with such provision and this Article.

          SECTION 3.03. Notices to Trustee. If the Issuer elects to redeem Notes pursuant to
the optional redemption provisions of Section 5 of the form of Note, the Issuer shall notify the
Trustee in writing of (i) the paragraph of such Note and/or the Section of this Indenture pursuant
to which the redemption shall occur, (ii) the redemption date and the record date, (iii) the
principal amount of the Notes to be redeemed and (iv) the redemption price. The Issuer shall give
notice to the Trustee provided for in this paragraph at least 30 days but not more than 60 days
before the applicable redemption date, unless a shorter period is acceptable to the Trustee. Such
notice shall be accompanied by an Officers’ Certificate and Opinion of Counsel from the Issuer to
the effect that such redemption complies with the conditions herein. If fewer than all of the
Notes are to be redeemed, the record date relating to such redemption shall be selected by the
Issuer and given to the Trustee, which record date shall be not fewer than 15 days after the date
of notice to the Trustee. Any such notice may be canceled at any time prior to notice of such
redemption being delivered to any Holder and shall thereby be void and of no effect.

          SECTION 3.04. Selection of Notes to Be Redeemed. If less than all of the Notes are
to be redeemed, the Trustee will select Notes for redemption on a pro rata basis, to the extent
practicable and in compliance with the requirements of DTC and any stock exchange on which the
applicable Notes are then admitted to trading of which the Trustee shall have been notified in
writing by the Issuer; provided, however, that no Note of $2,000 in aggregate principal amount or
less, or other than in an integral multiple of $1,000 in excess thereof, shall be redeemed in part.

          SECTION 3.05. Notice of Optional Redemption. (a) At least 30 days but not more than
60 days before a redemption date pursuant to Section 5 of the form of Note, the Issuer shall
deliver or cause to be delivered by electronic transmission or mailed by first-class mail, postage
prepaid, at their respective addresses as they appear on the registration books of the Registrar
(or otherwise deliver such notice in accordance with applicable DTC procedures), a

50

 

notice of redemption to each Holder whose Notes are to be redeemed; provided, however, that
with respect to Definitive Securities only, the Issuer shall mail such notice to Holders by
first-class mail, postage prepaid, at their respective addresses as they appear on the registration
books of the Registrar.

          Any such notice shall identify the Notes to be redeemed and shall state:

     (i) the redemption date and record date;

     (ii) the redemption price and the amount of accrued interest to the redemption date as
calculated by the Issuer or an agent or adviser thereof;

     (iii) the name and address of the Paying Agent;

     (iv) the Notes called for redemption must be surrendered to the Paying Agent (or, if
book-entry, in accordance with DTC procedures) to collect the redemption price, plus accrued
interest;

     (v) if fewer than all the outstanding Notes are to be redeemed, the certificate numbers
and principal amounts of the particular Notes to be redeemed, the aggregate principal amount
of Notes to be redeemed and the aggregate principal amount of Notes to be outstanding after
such partial redemption;

     (vi) that, unless the Issuer defaults in making such redemption payment or the Paying
Agent is prohibited from making such payment pursuant to the terms of this Indenture,
interest on the Notes (or a portion thereof) called for redemption ceases to accrue on and
after the redemption date;

     (vii) the paragraph of the Notes and/or Section of this Indenture pursuant to which the
Notes called for redemption are being redeemed;

     (viii) the CUSIP, ISIN and/or the Common Code, if any, printed on the Notes being
redeemed; and

     (ix) that no representation is made as to the correctness or accuracy of the CUSIP,
ISIN and/or the Common Code, if any, listed in such notice or printed on the Notes.

          (b) At the Issuer’s written request, the Trustee shall give the notice of redemption in the
Issuer’s name and at the Issuer’s expense. In such event, the Issuer shall provide the Trustee
with the information required by this Section 3.05 at least one Business Day (or as soon as
commercially practicable thereafter) prior to the date such notice is to be provided to Holders and
such notice may not be canceled. The Trustee shall use good faith efforts to deliver the notice on
the date requested, but if the Issuer requests that the Trustee deliver such notice on less than
(i) two Business Days notice at any time when all Notes then outstanding shall be represented by
Global Securities or (ii) five Business Days notice at any other time, the Trustee shall have no
liability for the failure to deliver the redemption notice to Holders on the date selected by the
Issuer.

51

 

          (c) If any Note is to be redeemed in part only, the notice of redemption that relates to that
Note shall state the portion of the principal amount thereof to be redeemed. In the case of a
Definitive Security, a new Note in currency and in principal amount equal to the unredeemed portion
of the original Note will be issued in the name of the noteholder thereof upon cancellation of the
original Note. In the case of a Global Security, an appropriate notation will be made on such Note
to decrease the principal amount thereof to an amount equal to the unredeemed portion thereof.
Subject to the terms of the applicable redemption notice, Notes called for redemption become due on
the date fixed for redemption. On and after the redemption date, interest shall cease to accrue on
the Notes or portions thereof called for redemption so long as the Issuer has deposited with the
Paying Agent funds sufficient to pay the principal of, plus accrued and unpaid interest and
premiums (if any) on, the Notes to be redeemed.

          SECTION 3.06. Effect of Notice of Redemption. Once notice of redemption is delivered
in accordance with Section 3.05, the Notes called for redemption become due and payable on the
redemption date and at the redemption price stated in the notice, except as provided in the first
sentence of the fourth paragraph in Section 5 of the Notes. Upon surrender to the Paying Agent,
such Notes shall be paid at the redemption price stated in the notice, plus accrued interest, to,
but not including, the redemption date; provided, however, that if the redemption date is after a
regular record date and on or prior to the interest payment date, the accrued interest shall be
payable to the Holder of the redeemed Notes registered on the relevant record date. Failure to
give notice or any defect in the notice to any Holder shall not affect the validity of the notice
to any other Holder.

          SECTION 3.07. Deposit of Redemption Price. With respect to any Notes, no later than
10:00 a.m., New York time, one Business Day prior to the redemption date, the Issuer shall deposit
with the Paying Agent (or, if the Company or any of its Subsidiaries is the Paying Agent, shall
segregate and hold) money in immediately available funds sufficient to pay the redemption price of
and accrued interest on all of the Notes or portions thereof to be redeemed on that date, other
than Notes or portions of Notes called for redemption that have been delivered by the Issuer to the
Registrar for cancellation. On and after the redemption date, interest shall cease to accrue on
the Notes or portions thereof called for redemption so long as the Issuer has deposited with the
Paying Agent funds sufficient to pay the principal of, plus accrued and unpaid interest and
premiums (if any) on, the Notes to be redeemed. If any Note called for redemption or purchase is
not so paid upon surrender for redemption or purchase because of the failure of the Issuer to
comply with this Section 3.07, interest shall be paid on the unpaid principal, from the redemption
or purchase date until such principal is paid, and to the extent lawful on any interest not paid on
such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01.

          SECTION 3.08. Notes Redeemed in Part. Upon surrender of a Note that is redeemed in
part:

     (a) in the case of a Definitive Security, upon cancellation of the Note surrendered,
the Issuer shall execute and the Trustee or an authentication agent shall authenticate for
the Holder (at the Issuer’s expense) a new Note equal in principal amount to the unredeemed
portion of the Note surrendered in the name of such Holder; and

52

 

     (b) in the case of a Global Security, the Registrar shall make an appropriate notation
on such Note to decrease the principal amount thereof to an amount equal to the unredeemed
portion thereof.

          SECTION 3.09. Mandatory Redemption. The Issuer shall not be required to make any
mandatory redemption or sinking fund payments with respect to the Notes.

ARTICLE IV

Covenants

          SECTION 4.01. Payment of Notes. The Issuer shall promptly pay the principal of and
interest on the Notes on the dates and in the manner provided in the Notes and in this Indenture.
An installment of principal of or interest shall be considered paid on the date due if on the
Business Day prior to such date the Trustee or the Paying Agent holds as of 10:00 a.m. New York
time money in immediately available funds sufficient to pay such principal or interest due for
payment on the following Business Day, and the Trustee or the Paying Agent, as the case may be, is
not prohibited from paying such money to the Holders on that date pursuant to the terms of this
Indenture.

          The Issuer shall pay interest on overdue principal at the rate specified therefor in the
Notes, and it shall pay interest on overdue installments of interest at the same rate borne by the
Notes to the extent lawful.

          Wherever in this Indenture, the Notes or any Guarantee there is mentioned, in any context:

          (1) the payment of principal,

          (2) redemption prices or purchase prices in connection with a redemption or
purchase of Notes,

          (3) interest, or

          (4) any other amount payable on or with respect to any of the Notes or any
Guarantee,

          such reference shall be deemed to include payment of Additional Amounts as set forth in
Section 10.08 to the extent that, in such context, Additional Amounts are, were or would be payable
in respect thereof.

          SECTION 4.02. Reports and Other Information. (a) Notwithstanding that the Company
may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or
otherwise report on an annual and quarterly basis on forms provided for such annual and quarterly
reporting pursuant to rules and regulations promulgated by the SEC, the Company will file with the
SEC (and provide the Trustee and holders of the Notes with copies thereof, without cost to each
holder, within 15 days after it files them with the SEC):

53

 

     (i) within the time period specified in the SEC’s rules and regulations, annual reports
on Form 20-F (or any successor or comparable form applicable to the Company within the time
period for non-accelerated filers to the extent such term is applicable to such form)
containing the information required to be contained therein (or required in such successor
or comparable form); provided, however, that, prior to the filing of the Exchange Offer
Registration Statement or the Shelf Registration Statement, as the case may be, such report
shall not be required to contain any certification required by any such form or by law;

     (ii) within 60 days after the end of each fiscal quarter, other than the fourth fiscal
quarter of any year, the information that would be required by a report on Form 10-Q (or any
successor or comparable form applicable to the Company) (which information, if the Company
is not required to file reports on Form 10-Q, will be filed on Form 6-K (or any successor or
comparable form applicable to the Company)); provided, however, that prior to the filing of
the Exchange Offer Registration Statement or the Shelf Registration Statement, as the case
may be, such report shall not be required to contain any certification required by any such
form or by law; and

     (iii) promptly from time to time after the occurrence of an event required to be
reported on Form 8-K (or any successor or comparable form applicable to the Company), the
information that would be required by a Form 8-K (or any successor or comparable form
applicable to the Company) (which information, if the Company is not required to file
reports on Form 8-K will be filed on Form 6-K (or any successor or comparable form
applicable to the Company));

provided, however, that the Company shall not be so obligated to file such reports with the
SEC if the SEC does not permit such filing, in which event the Company will post the reports
specified in the first sentence of this paragraph on its website within the time periods
that would apply if the Company was required to file those reports with the SEC. In
addition, the Company will make available such information to prospective purchasers of
Notes, in addition to providing such information to the Trustee and the holders of the
Notes, in each case within 15 days after the time the Company would be required to file such
information with the SEC if it was subject to Section 13 or 15(d) of the Exchange Act.
Notwithstanding the foregoing, the Company may satisfy the foregoing reporting requirements
(i) prior to the filing with the SEC of the Exchange Offer Registration Statement, or if the
Exchange Offer Registration Statement is not filed within the applicable time limits
pursuant to the Registration Rights Agreement, the Shelf Registration Statement, by
providing the Trustee and the noteholders with (x) substantially the same information as
would be required to be filed with the SEC by the Company on Form 20-F (or any successor or
comparable form applicable to the Company) if it was subject to the reporting requirements
of Section 13 or 15(d) of the Exchange Act within 90 days after the end of the applicable
fiscal year and (y) substantially the same information as would be required to be filed with
the SEC by the Company on Form 10-Q (or any successor or comparable form applicable to the
Company) if it was subject to the reporting requirements of Section 13 or 15(d) of the
Exchange Act within 60 days after the end of the applicable fiscal quarter and (ii) after
filing with the SEC the Exchange Offer Registration Statement, or if the Exchange Offer

54

 

Registration Statement is not filed within the applicable time limits pursuant to the
Registration Rights Agreement, the Shelf Registration Statement, but prior to the
effectiveness of the Exchange Offer Registration Statement or Shelf Registration Statement,
by publicly filing with the SEC the Exchange Offer Registration Statement or Shelf
Registration Statement, to the extent any such registration statement contains substantially
the same information as would be required to be filed by the Company if it was subject to
the reporting requirements of Section 13 or 15(d) of the Exchange Act, and by providing the
Trustee and the noteholders with such registration statement (and amendments thereto)
promptly following the filing with the SEC thereof.

          (b) Notwithstanding the provisions of Sections 4.02(a), the Company will be deemed to have
furnished such reports referred to above to the Trustee and the holders of the Notes if the Company
has filed such reports with the SEC via the EDGAR filing system and such reports are publicly
available.

          (c) So long as any of the Notes remain outstanding and during any period during which the
Company is not subject to Section 13 or 15(d) of the Exchange Act, or otherwise permitted to
furnish the SEC with certain information pursuant to Rule 12g 3-2(b) of the Exchange Act, the
Company will make available to the holders of the Notes and to prospective investors, upon their
request, the information required to be delivered by Rule 144A(d)(4) under the Securities Act.

          (d) Delivery of reports, information and documents to the Trustee under Article IV hereunder
is for informational purposes only and the Trustee’s receipt or constructive receipt of the
foregoing shall not constitute constructive notice of any information contained therein or
determinable from information contained therein, including the Company’s compliance with any of its
covenants hereunder (as to which the Trustee is entitled to rely exclusively on an Officers’
Certificate). The Trustee is also not obligated to confirm that the Company has complied with its
obligations contained in this Section 4.02 to post such reports and other information on a website.

          SECTION 4.03. Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock
and Preferred Stock. (a) (i) The Company will not, and will not permit any Restricted
Subsidiary to, directly or indirectly, Incur any Indebtedness (including Acquired Indebtedness) or
issue any shares of Disqualified Stock; and (ii) the Company will not permit any Restricted
Subsidiary (other than the Issuer or a Subsidiary Guarantor) to issue any shares of Preferred
Stock; provided, however, that the Company may Incur Indebtedness (including Acquired Indebtedness)
or issue shares of Disqualified Stock, and any Restricted Subsidiary may Incur Indebtedness
(including Acquired Indebtedness), issue shares of Disqualified Stock or issue shares of Preferred
Stock, in each case if the Fixed Charge Coverage Ratio of the Company for the most recently ended
four full fiscal quarters for which internal financial statements of the Company are available
immediately preceding the date on which such additional Indebtedness is Incurred or such
Disqualified Stock or Preferred Stock is issued would have been at least 2.00 to 1.00 determined on
a pro forma basis (including a pro forma application of the net proceeds therefrom), as if the
additional Indebtedness had been Incurred, or the Disqualified Stock or Preferred Stock had been
issued, as the case may be, and the application of proceeds therefrom had occurred at the beginning
of such four-quarter period; provided that the amount of

55

 

Indebtedness that may be Incurred and Disqualified Stock or Preferred Stock that may be issued
pursuant to the foregoing by Restricted Subsidiaries (other than the Issuer or a Subsidiary
Guarantor) shall not exceed $10.0 million at any one time outstanding.

          (b) The foregoing limitations will not apply to (collectively, “Permitted Debt”):

     (i) the Incurrence by the Company or any Restricted Subsidiary of Indebtedness under
the Credit Agreement and the issuance and creation of letters of credit and bankers’
acceptances thereunder (with letters of credit and bankers’ acceptances being deemed to have
a principal amount equal to the face amount thereof) in an aggregate principal amount not to
exceed, at any one time outstanding, the greater of (A) $625.0 million and (B) the maximum
amount of Indebtedness that, as of the date such Indebtedness was Incurred, and after giving
effect to the Incurrence of such Indebtedness and the application of proceeds therefrom on
such date, would not cause the Senior Secured First Lien Leverage Ratio of the Company to
exceed 3.50 to 1.00;

     (ii) the Incurrence by the Issuer and the Guarantors of Indebtedness represented by the
Notes (not including any Additional Notes) and the Guarantees;

     (iii) Indebtedness existing on the Issue Date (other than Indebtedness described in
clauses (i) and (ii) of this Section 4.03(b));

     (iv) Indebtedness (including Capitalized Lease Obligations) Incurred by the Company or
any Restricted Subsidiary, Disqualified Stock issued by the Company or any Restricted
Subsidiary and Preferred Stock issued by any Restricted Subsidiary to finance (whether prior
to or within 270 days after) the purchase, lease, construction or improvement of property
(real or personal) or equipment (whether through the direct purchase of assets or the
Capital Stock of any Person owning such assets) and Indebtedness, Disqualified Stock or
Preferred Stock of a Restricted Subsidiary that serves to refund, refinance or defease any
of the foregoing; provided that the aggregate amount of all Indebtedness outstanding
pursuant to this clause (iv) shall not at any time exceed the greater of $25.0 million and
2.0% of Total Assets;

     (v) Indebtedness Incurred by the Company or any Restricted Subsidiary constituting
reimbursement obligations with respect to letters of credit and bank guarantees issued in
the ordinary course of business, including without limitation letters of credit in respect
of workers’ compensation claims, health, disability or other benefits to employees or former
employees or their families or property, casualty or liability insurance or self-insurance,
and letters of credit in connection with the maintenance of, or pursuant to the requirements
of, environmental or other permits or licenses from governmental authorities, or other
Indebtedness with respect to reimbursement type obligations regarding workers’ compensation
claims;

     (vi) Indebtedness arising from agreements of the Company or any Restricted Subsidiary
providing for indemnification, adjustment of purchase price or similar obligations, in each
case, Incurred in connection with the UCI Transactions or any other acquisition or
disposition of any business, assets or a Subsidiary of the Company in

56

 

accordance with the terms of this Indenture, other than guarantees of Indebtedness
Incurred by any Person acquiring all or any portion of such business, assets or Subsidiary
for the purpose of financing such acquisition;

     (vii) Indebtedness of the Company to any Restricted Subsidiary; provided that, except
in respect of intercompany current liabilities incurred in the ordinary course of business
in connection with the cash management operations of the Company and the Restricted
Subsidiaries, any such Indebtedness owed to a Restricted Subsidiary that is not a Subsidiary
Guarantor shall within 90 days of the Issue Date, to the extent legally permitted, be
subordinated in right of payment to the obligations of the Issuer under the Notes; provided
further, however, that any subsequent issuance or transfer of any Capital Stock or any other
event that results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary
or any other subsequent transfer of any such Indebtedness (except to the Company or a
Restricted Subsidiary or any pledge of such Indebtedness constituting a Permitted Lien)
shall be deemed, in each case, to be an Incurrence of such Indebtedness not permitted by
this clause (vii);

     (viii) shares of Preferred Stock of any Restricted Subsidiary issued to the Company or
another Restricted Subsidiary; provided that any subsequent issuance or transfer of any
Capital Stock or any other event which results in any Restricted Subsidiary that holds such
shares of Preferred Stock of another Restricted Subsidiary ceasing to be a Restricted
Subsidiary or any other subsequent transfer of any such shares of Preferred Stock (except to
the Company or a Restricted Subsidiary) shall be deemed, in each case, to be an issuance of
shares of Preferred Stock not permitted by this clause (viii);

     (ix) Indebtedness of any Restricted Subsidiary to the Company or another Restricted
Subsidiary; provided that except in respect of intercompany current liabilities incurred in
the ordinary course of business in connection with the cash management operations of the
Company and the Restricted Subsidiaries, if the Issuer or a Subsidiary Guarantor Incurs
such Indebtedness to a Restricted Subsidiary that is not the Issuer or a Guarantor, such
Indebtedness shall within 90 days of the Issue Date, to the extent legally permitted, be
subordinated in right of payment to the Notes or the Guarantee of such Guarantor, as
applicable; provided further that any subsequent issuance or transfer of any Capital Stock
or any other event that results in any Restricted Subsidiary holding such Indebtedness
ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such
Indebtedness (except to the Company, the Issuer or another Restricted Subsidiary or any
pledge of such Indebtedness constituting a Permitted Lien) shall be deemed, in each case, to
be an Incurrence of such Indebtedness not permitted by this clause (ix);

     (x) Hedging Obligations that are Incurred not for speculative purposes but (A) for the
purpose of fixing or hedging interest rate risk with respect to any Indebtedness that is
permitted by the terms of this Indenture to be outstanding; (B) for the purpose of fixing or
hedging currency exchange rate risk with respect to any currency exchanges; or (C) for the
purpose of fixing or hedging commodity price risk with respect to any commodity purchases or
sales;

57

 

     (xi) obligations in respect of performance, bid, appeal and surety bonds and completion
guarantees provided by the Company or any Restricted Subsidiary in the ordinary course of
business or consistent with past practice;

     (xii) (A) any guarantee by the Company or any Restricted Subsidiary of Indebtedness or
other obligations of the Company or any Restricted Subsidiary so long as the Incurrence of
such Indebtedness Incurred by the Company or such Restricted Subsidiary was not in violation
of the terms of this Indenture or (B) Indebtedness of the Company or any Restricted
Subsidiary arising by reason of any Lien permitted to be granted or to subsist pursuant to
Section 4.12 and so long as the Indebtedness secured by such Lien was not incurred in
violation of this Indenture;

     (xiii) the Incurrence by the Company or any Restricted Subsidiary of Indebtedness or
Disqualified Stock or Preferred Stock of any Restricted Subsidiary, in either case, that
serves to refund, refinance or defease any Indebtedness Incurred or Disqualified Stock or
Preferred Stock issued as permitted under Section 4.03(a) or clauses (ii), (iii), (xiii) and
(xiv) of this Section 4.03(b) or any Indebtedness, Disqualified Stock or Preferred Stock
Incurred to so refund or refinance such Indebtedness, Disqualified Stock or Preferred Stock,
including any additional Indebtedness, Disqualified Stock or Preferred Stock Incurred to pay
premiums (including tender premium), defeasance costs and fees in connection therewith
(subject to the following proviso, “Refinancing Indebtedness”) prior to its respective
maturity; provided, however, that such Refinancing Indebtedness will be Refinancing
Indebtedness if and to the extent it:

     (A) has a Weighted Average Life to Maturity at the time such
Refinancing Indebtedness is Incurred that is not less than the shorter of
(1) the remaining Weighted Average Life to Maturity of the Indebtedness,
Disqualified Stock or Preferred Stock being refunded, refinanced or defeased
and (2) the Weighted Average Life to Maturity that would result if all
payments of principal on the Indebtedness, Disqualified Stock and Preferred
Stock being refunded or refinanced that were due on or after the date one
year following the last maturity date of any Notes then outstanding were
instead due on such date one year following the last date of maturity of the
Notes (provided that any Refinancing Indebtedness Incurred in reliance on
this subclause (A)(2) does not provide for any scheduled principal payments
prior to the maturity date of the Notes in excess of, or prior to, the
scheduled principal payments due prior to such maturity for the
Indebtedness, Disqualified Stock or Preferred Stock being refunded or
refinanced or defeased);

     (B) has a Stated Maturity that is not earlier than the earlier of (1)
the Stated Maturity of the Indebtedness being refunded, refinanced or
defeased or (2) 91 days following the maturity date of the Notes; and

     (C) refinances (1) Indebtedness junior to the Notes or any Guarantee,
such Refinancing Indebtedness is junior to the Notes or the

58

 

Guarantee of such Guarantor, as applicable, or (2) Disqualified Stock
or Preferred Stock, such Refinancing Indebtedness is Disqualified Stock or
Preferred Stock, respectively; provided, further, however, that Refinancing
Indebtedness will not include (x) Indebtedness of any Restricted Subsidiary
that is not the Issuer or a Subsidiary Guarantor that refinances, refunds or
defeases Indebtedness of the Company, the Issuer or any Guarantor, or (y)
Indebtedness the Company or any Restricted Subsidiary that refinances,
refunds or defeases Indebtedness of an Unrestricted Subsidiary;

     (xiv) Indebtedness, Disqualified Stock or Preferred Stock of (A) the Company or a
Restricted Subsidiary Incurred to finance an acquisition, merger, consolidation or
amalgamation or (B) Persons that constitutes Acquired Indebtedness; provided, however, that
after giving effect to such acquisition or merger, consolidation or amalgamation, the
Company would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to
the Fixed Charge Coverage Ratio test set forth in the first sentence of Section 4.03(a) or
the Fixed Charge Coverage Ratio of the Company would be greater than immediately prior to
such acquisition or merger, consolidation or amalgamation;

     (xv) Indebtedness Incurred by any Receivables Subsidiary in a Qualified Receivables
Financing that is not with recourse to the Company or any Restricted Subsidiary other than a
Receivables Subsidiary (except for Standard Securitization Undertakings);

     (xvi) Indebtedness arising from the honoring by a bank or other financial institution
of a check, draft or similar instrument drawn against insufficient funds in the ordinary
course of business; provided that such Indebtedness is extinguished within five Business
Days of its Incurrence;

     (xvii) Indebtedness of the Company or any Restricted Subsidiary supported by a letter
of credit or bank guarantee issued pursuant to the Credit Agreement, in a principal amount
not in excess of the stated amount of such letter of credit;

     (xviii) Indebtedness representing deferred compensation or other similar arrangements
to employees and directors of the Company or any Restricted Subsidiary Incurred in the
ordinary course of business or in connection with the UCI Transactions (including as a
result of the cancellation or vesting of outstanding options and other equity-based awards
in connection therewith), an acquisition or any other Permitted Investment;

     (xix) Indebtedness of the Company or any Restricted Subsidiary consisting of (A) the
financing of insurance premiums or (B) take-or-pay obligations contained in supply
arrangements, in each case, in the ordinary course of business;

     (xx) Indebtedness Incurred on behalf of, or representing Guarantees of Indebtedness of,
joint ventures of the Company or any Restricted Subsidiary not in

59

 

excess, at any one time outstanding, of the greater of $5.0 million and 0.5% of Total
Assets at the time of Incurrence;

     (xxi) Indebtedness or Disqualified Stock of the Company or any Restricted Subsidiary
and Preferred Stock of the Company or any Restricted Subsidiary not otherwise permitted
hereunder in an aggregate principal amount or liquidation preference, which when aggregated
with the principal amount or liquidation preference of all other Indebtedness, Disqualified
Stock and Preferred Stock then outstanding and Incurred pursuant to this clause (xxi), does
not exceed the greater of $50.0 million and 4.25% of Total Assets at the time of Incurrence
(subject to Section 4.03(c), it being understood that any Indebtedness Incurred under this
clause (xxi) shall cease to be deemed Incurred or outstanding for purposes of this clause
(xxi) but shall be deemed Incurred for purposes of Section 4.03(a) from and after the first
date on which the Company or the Restricted Subsidiary, as the case may be, could have
Incurred such Indebtedness under Section 4.03(a) without reliance upon this clause (xxi));

     (xxii) Indebtedness or Disqualified Stock of the Company or any Restricted Subsidiary
and Preferred Stock of the Company or any Restricted Subsidiary not otherwise permitted
hereunder and Refinancing Indebtedness thereof in an aggregate principal amount or
liquidation preference not exceeding at any one time outstanding 200.0% of the net cash
proceeds received by the Company and the Restricted Subsidiaries since immediately after the
Issue Date from the issue or sale of Equity Interests or Subordinated Shareholder Funding of
the Company or any direct or indirect parent entity of the Company (which proceeds are
contributed to the Company) or cash contributed to the capital of the Company (in each case
other than proceeds of Disqualified Stock or sales of Equity Interests to, or contributions
received from, the Company or any of its Subsidiaries and other than in connection with the
UCI Transactions) as determined in accordance with clauses (2) and (3) of the definition of
“Cumulative Credit” to the extent such net cash proceeds or cash have not been applied
pursuant to such clauses to make Restricted Payments or to make other Restricted Payments
pursuant to Section 4.04(b) or to make Permitted Investments (other than Permitted
Investments specified in clauses (1), (2) and (3) of the definition thereof);

     (xxiii) Indebtedness arising as a result of implementing composite accounting or other
cash pooling arrangements involving solely the Company and the Restricted Subsidiaries or
solely among Restricted Subsidiaries and entered into in the ordinary course of business and
netting, overdraft protection and other arrangements among the Company, any Restricted
Subsidiary and a bank arising under standard business terms of such bank at which the
Company or any Restricted Subsidiary maintains an overdraft, cash pooling or other similar
arrangement;

     (xxiv) Indebtedness consisting of Indebtedness issued by the Company or a Restricted
Subsidiary to current or former officers, directors and employees thereof or any direct or
indirect parent thereof, their respective estates, spouses or former spouses, in each case
to finance the purchase or redemption of Equity Interests of the Company or any of its
direct or indirect parent companies to the extent described in Section 4.04(b)(iv);

60

 

     (xxv) Indebtedness of the Company or any of its Restricted Subsidiaries consisting of
obligations (including guarantees thereof) to repurchase equipment sold to customers or
third party leasing companies pursuant to the terms of sale of such equipment in the
ordinary course of business;

     (xxvi) without limiting Section 4.03(b)(i), Indebtedness under local overdraft and
other local working capital facilities in an aggregate principal amount not to exceed, at
any one time outstanding, the greater of $35.0 million and 2.5% of Total Assets at the time
of Incurrence; and

     (xxvii) Indebtedness in the form of deferred payment obligations under any arrangement
permitted by Section 4.04(b)(xii).

     Notwithstanding the foregoing, neither the Company, the Issuer nor any Subsidiary
Guarantors will Incur any Indebtedness as any Permitted Debt if the proceeds thereof are
used, directly or indirectly, to refinance any Subordinated Indebtedness of the Company, the
Issuer or any Subsidiary Guarantor unless such Indebtedness shall be subordinated to the
Notes or the applicable Guarantee to at least the same extent as such Subordinated
Indebtedness.

          (c) For purposes of determining compliance with this Section 4.03:

     (i) in the event that an item of Indebtedness, Disqualified Stock or Preferred Stock
(or any portion thereof) meets the criteria of more than one of the categories of permitted
Indebtedness described in clauses 4.03(b)(i) through (xxvii) or is entitled to be Incurred
pursuant to Section 4.03(a), the Company shall, in its sole discretion, classify or
reclassify, or later divide, classify or reclassify, such item of Indebtedness, Disqualified
Stock or Preferred Stock (or any portion thereof) in any manner that complies with this
Section 4.03; provided, however, that (A) Indebtedness Incurred under the Senior Secured
Credit Facilities on the Issue Date shall be deemed to have been Incurred pursuant to
Section 4.03(b)(i) and the Company shall not be permitted to reclassify all or any portion
of such Indebtedness and (B) the Company shall not be permitted to reclassify all or any
portion of any Secured Indebtedness Incurred as Permitted Debt unless at the time of such
reclassification the Company could secure such Secured Indebtedness pursuant to clause (6)
of the definition of “Permitted Liens;” and

     (ii) the Company will be entitled to divide and classify an item of Indebtedness in
more than one of the types of Indebtedness described in Sections 4.03(a) and (b) above, and
in that connection shall be entitled to treat a portion of such Indebtedness as having been
Incurred under Section 4.03(a) and thereafter the remainder of such Indebtedness having been
Incurred under Section 4.03(b).

          (d) Accrual of interest, the accretion of accreted value, the payment of interest or
dividends in the form of additional Indebtedness, Disqualified Stock or Preferred Stock, as
applicable, accretion of original issue discount or liquidation preference and increases in the
amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of
currencies will not be deemed to be an Incurrence of Indebtedness, Disqualified Stock or

61

 

Preferred Stock for purposes of this Section 4.03. Guarantees of, or obligations in respect
of letters of credit relating to, Indebtedness that is otherwise included in the determination of a
particular amount of Indebtedness shall not be included in the determination of such amount of
Indebtedness; provided that the Incurrence of the Indebtedness represented by such guarantee or
letter of credit, as the case may be, was in compliance with this Section 4.03.

          (e) For purposes of determining compliance with this Section 4.03, the US Dollar Equivalent
of the principal amount of Indebtedness denominated in another currency shall be calculated based
on the relevant currency exchange rate in effect on the date such Indebtedness was Incurred, in the
case of term Indebtedness, or first drawn, in the case of Indebtedness Incurred under a revolving
credit facility; provided that (a) if such Indebtedness is Incurred to refinance other Indebtedness
denominated in a currency other than US Dollars, and such refinancing would cause the applicable US
Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate
in effect on the date of such refinancing, such US Dollar-denominated restriction shall be deemed
not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not
exceed the principal amount of such Indebtedness being refinanced; (b) the US Dollar Equivalent of
the principal amount of any such Indebtedness outstanding on the Issue Date shall be calculated
based on the relevant currency exchange rate in effect on the Issue Date; and (c) if any such
Indebtedness is subject to a Currency Agreement with respect to the currency in which such
Indebtedness is denominated covering principal, premium, if any, and interest on such Indebtedness,
the amount of such Indebtedness and such interest and premium, if any, shall be determined after
giving effect to all payments in respect thereof under such Currency Agreements.

          (f) Notwithstanding any other provision of this Section 4.03, the maximum amount of
Indebtedness that the Company and the Restricted Subsidiaries may Incur pursuant to this Section
4.03 shall not be deemed to be exceeded, with respect to any outstanding Indebtedness, solely as a
result of fluctuations in the exchange rate of currencies. The principal amount of any
Indebtedness Incurred to refinance other Indebtedness, if Incurred in a different currency from the
Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable
to the currencies in which such Refinancing Indebtedness is denominated that is in effect on the
date of such refinancing.

          (g) For all purposes of this Indenture, (1) unsecured Indebtedness will not be treated as
subordinated or junior to Secured Indebtedness merely because it is unsecured, (2) Senior
Indebtedness will not be treated as subordinated or junior to any other Senior Indebtedness merely
because it has junior priority with respect to the same collateral, (3) Indebtedness of such Person
which is not guaranteed will not be treated as subordinated or junior to Indebtedness that is
guaranteed merely because of such guarantee and (4) Indebtedness under any Secured Indebtedness
will not be deemed to be subordinated because of the application of waterfall or other
payment-ordering or collateral-sharing provisions affecting any such Secured Indebtedness.

          SECTION 4.04. Limitation on Restricted Payments. (a) The Company will not, and will
not permit any Restricted Subsidiary to, directly or indirectly:

62

 

     (i) declare or pay any dividend or make any distribution on account of the Company’s or
any Restricted Subsidiary’s Equity Interests or pay any amounts in respect of Subordinated
Shareholder Funding, including any payment made in connection with any merger, amalgamation
or consolidation involving the Company (other than (A) dividends or distributions by the
Company payable solely in Equity Interests (other than Disqualified Stock) of the Company or
in Subordinated Shareholder Funding of the Company; (B) dividends or distributions payable
to the Company or a Restricted Subsidiary or (C) in the case of any dividend or distribution
payable on or in respect of any class or series of securities issued by a Restricted
Subsidiary other than a Wholly Owned Restricted Subsidiary, such dividends or distributions
paid to minority shareholders; provided that the Company or a Restricted Subsidiary receives
at least its pro rata share of such dividend or distribution in accordance with its Equity
Interests in such class or series of securities (except to the extent non-pro rata payments
of such dividends or distributions are required by law or under the terms of any agreement
in effect on the Issue Date);

     (ii) purchase or otherwise acquire or retire for value any Equity Interests of the
Company or any direct or indirect parent of the Company, in each case held by Persons other
than the Company or a Restricted Subsidiary;

     (iii) make any principal payment on, or redeem, repurchase, defease or otherwise
acquire or retire for value, in each case prior to any scheduled repayment or scheduled
maturity, any Subordinated Shareholder Funding, any Subordinated Indebtedness of the
Company, the Issuer or any Subsidiary Guarantor (other than the payment, redemption,
repurchase, defeasance, acquisition or retirement of (A) Subordinated Indebtedness in
anticipation of satisfying a sinking fund obligation, principal installment or final
maturity, in each case due within one year of the date of such payment, redemption,
repurchase, defeasance, acquisition or retirement and (B) any Subordinated Indebtedness
between the Company and a Restricted Subsidiary or between Restricted Subsidiaries); or

     (iv) make any Restricted Investment,

(all such payments and other actions set forth in clauses (i) through (iv) above being collectively
referred to as “Restricted Payments”), unless, at the time of such Restricted Payment:

     (1) no Default shall have occurred and be continuing or would occur as a
consequence thereof;

     (2) immediately after giving effect to such transaction on a pro forma basis,
the Company could Incur $1.00 of additional Indebtedness under the provisions of
Section 4.03(a); and

     (3) such Restricted Payment, together with the aggregate amount of all other
Restricted Payments made by the Company and the Restricted Subsidiaries after the
Issue Date (and not returned or rescinded) (including Restricted Payments permitted
by clauses (i), (iv) (only to the extent of one-half of the amounts paid pursuant
to such clause), (vi) and (viii) of Section 4.04(b), but

63

 

excluding all other Restricted Payments permitted by Section 4.04(b)), is less
than the amount equal to the Cumulative Credit.

          (b) The provisions of Section 4.04(a) will not prohibit:

     (i) the payment of any dividend or distribution within 60 days after the date of
declaration thereof, if at the date of declaration such payment would have complied with the
provisions of this Indenture;

     (ii) (A) the redemption, repurchase, retirement or other acquisition of any Equity
Interests (“Retired Capital Stock”) or Subordinated Indebtedness or Subordinated Shareholder
Funding of the Company, any direct or indirect parent of the Company or any Restricted
Subsidiary in exchange for, or out of the proceeds of, the substantially concurrent sale of,
Equity Interests or Subordinated Shareholder Funding of the Company or any direct or
indirect parent of the Company or contributions to the equity capital of the Company (other
than any Disqualified Stock or any Equity Interests sold to a Subsidiary of the Company
(collectively, including any such contributions, “Refunding Capital Stock”), and (B) the
declaration and payment of dividends on the Retired Capital Stock out of the proceeds of the
substantially concurrent sale (other than to a Subsidiary of the Company) of Refunding
Capital Stock;

     (iii) the redemption, repurchase, defeasance or other acquisition or retirement of
Subordinated Indebtedness of the Company, the Issuer or any Subsidiary Guarantor made by
exchange for, or out of the proceeds of the substantially concurrent sale of, new
Indebtedness of the Company, the Issuer or a Subsidiary Guarantor which is Incurred in
accordance with Section 4.03 so long as:

     (A) the principal amount (or accreted value, if applicable) of such new
Indebtedness does not exceed the principal amount (or accreted value, if
applicable), plus any accrued and unpaid interest and premiums (if any), of
the Subordinated Indebtedness being so redeemed, repurchased, defeased,
acquired or retired for value (plus the amount of any premium required to be
paid under the terms of the instrument governing the Subordinated
Indebtedness being so redeemed, repurchased, acquired or retired, any tender
premiums, and any defeasance costs, fees and expenses Incurred in connection
therewith);

     (B) such Indebtedness is subordinated to the Notes or the related
Guarantee, as the case may be, at least to the same extent as such
Subordinated Indebtedness so purchased, exchanged, redeemed, repurchased,
defeased, acquired or retired for value;

     (C) such Indebtedness has a final scheduled maturity date equal to or
later than the earlier of (1) the final scheduled maturity date of the
Subordinated Indebtedness being so redeemed, repurchased, defeased, acquired
or retired or (2) 91 days following the maturity date of the Notes; and

64

 

     (D) such Indebtedness has a Weighted Average Life to Maturity at the
time Incurred that is not less than the shorter of (1) the remaining
Weighted Average Life to Maturity of the Subordinated Indebtedness being so
redeemed, repurchased, defeased, acquired or retired and (2) the Weighted
Average Life to Maturity that would result if all payments of principal on
the Subordinated Indebtedness being redeemed, repurchased, defeased,
acquired or retired that were due on or after the date one year following
the last maturity date of any Notes then outstanding were instead due on
such date one year following the last date of maturity of the Notes
(provided that in the case of this subclause (D)(2), such Indebtedness does
not provide for any scheduled principal payments prior to the maturity date
of the Notes in excess of, or prior to, the scheduled principal payments due
prior to such maturity for the Indebtedness, Disqualified Stock or Preferred
Stock being refunded or refinanced or defeased);

     (iv) a Restricted Payment to pay for the purchase, repurchase, retirement, defeasance,
redemption or other acquisition for value of Equity Interests of the Company or any direct
or indirect parent of the Company held by any future, present or former employee, director
or consultant of the Company or any direct or indirect parent of the Company or any
Subsidiary of the Company pursuant to any management equity plan or stock option plan or any
other management or employee benefit plan or other agreement or arrangement; provided,
however, that the aggregate Restricted Payments made under this clause (iv) do not exceed
$2.5 million in any calendar year (with unused amounts in any calendar year being permitted
to be carried over for the two succeeding calendar years subject to a maximum payment
(without giving effect to the following proviso) of $5.0 million in any calendar year);
provided further, however, that such amount in any calendar year may be increased by an
amount not to exceed:

     (A) the cash proceeds received by the Company or any Restricted
Subsidiary from the sale of Equity Interests (other than Disqualified Stock)
of the Company or any direct or indirect parent of the Company (to the
extent contributed to the Company) to members of management, directors or
consultants of the Company and the Restricted Subsidiaries or any direct or
indirect parent of the Company that occurs after the Issue Date (provided
that the amount of such cash proceeds utilized for any such repurchase,
retirement, other acquisition or dividend will not increase the amount
available for Restricted Payments under clause (2) of the definition of
Cumulative Credit); plus

     (B) the cash proceeds of key man life insurance policies received by
the Company or any direct or indirect parent of the Company (to the extent
contributed to the Company) or the Restricted Subsidiaries after the Issue
Date;

provided, however, that the Company may elect to apply all or any portion of the aggregate
increase contemplated by clauses (A) and (B) above in any calendar year;

65

 

     (v) the declaration and payment of dividends or distributions to holders of any class
or series of Disqualified Stock of the Company or any Restricted Subsidiary issued or
Incurred in accordance with Section 4.03;

     (vi) (A) the declaration and payment of dividends or distributions to holders of any
class or series of Designated Preferred Stock (other than Disqualified Stock) issued after
the Issue Date, (B) a Restricted Payment to any direct or indirect parent of the Company,
the proceeds of which will be used to fund the payment of dividends to holders of any class
or series of Designated Preferred Stock (other than Disqualified Stock) of any direct or
indirect parent of the Company issued after the Issue Date and (C) the declaration and
payment of dividends on Refunding Capital Stock that is Preferred Stock in excess of the
dividends declarable and payable thereon pursuant to clause (ii) of this Section 4.04(b);
provided, however, that, (1) for the most recently ended four full fiscal quarters for which
internal financial statements are available immediately preceding the date of issuance of
such Designated Preferred Stock or the declaration of such dividends on Refunding Capital
Stock that is Preferred Stock, after giving effect to such issuance (and the payment of
dividends or distributions) on a pro forma basis, the Company would have had a Fixed Charge
Coverage Ratio of at least 2.00 to 1.00 and (2) the aggregate amount of dividends declared
and paid pursuant to subclauses (A) and (B) of this clause (vi) does not exceed the net cash
proceeds actually received by the Company from any such sale or issuance of Designated
Preferred Stock (other than Disqualified Stock) issued after the Issue Date or contributed
by Subordinated Shareholder Funding to the Company after the Issue Date;

     (vii) Investments in Unrestricted Subsidiaries having an aggregate Fair Market Value,
taken together with all other Investments made pursuant to this clause (vii) that are at
that time outstanding, not to exceed the greater of $10.0 million and 1.0% of Total Assets
(determined at the time of such Investment and with the Fair Market Value of each Investment
being measured at the time made and without giving effect to subsequent changes in value);

     (viii) the payment of dividends on the Company’s ordinary shares (or a Restricted
Payment to any direct or indirect parent of the Company to fund the payment by such direct
or indirect parent of the Company of dividends on such entity’s ordinary shares) of up to
6.0% per annum of the net proceeds received the Company from any public offering of ordinary
shares of the Company or any of its direct or indirect parents;

     (ix) Restricted Payments that are made up to the aggregate amount of Excluded
Contributions;

     (x) other Restricted Payments in an aggregate amount not to exceed $50.0 million;

     (xi) the distribution, as a dividend or otherwise, of shares of Capital Stock of, or
Indebtedness owed to the Company, the Issuer or a Restricted Subsidiary by, any Unrestricted
Subsidiary;

66

 

     (xii) Restricted Payments (A) to any direct or indirect parent of the Company in
amounts required for such parent to pay national, state or local income taxes (as the case
may be) imposed directly on such parent to the extent such income taxes are attributable to
the income of the Company and the Restricted Subsidiaries (including, without limitation, by
virtue of such parent being the common parent of a consolidated or combined tax group of
which the Company or the Restricted Subsidiaries are members) or (B) to the Company or any
of its Affiliates relating to the transfer or surrender, in each case on arm’s-length terms,
of any tax losses or other tax assets that can be used by the Company or a Restricted
Subsidiary;

     (xiii) the payment of dividends, other distributions or other amounts or the making of
loans or advances or any other Restricted Payment, if applicable:

     (A) in amounts required for any direct or indirect parent of the
Company to pay fees and expenses (including franchise or similar taxes)
required to maintain its corporate existence, customary salary, bonus and
other benefits payable to, and indemnities provided on behalf of, officers,
directors and employees of any direct or indirect parent of the Company and
general corporate operating and overhead expenses (including, without
limitation, compliance and reporting expenses) of any direct or indirect
parent of the Company to the extent such fees and expenses are attributable
to the ownership or operation of the Company and its Subsidiaries; provided,
however, that for so long as such direct or indirect parent owns no material
assets other than Equity Interests in the Company or any direct or indirect
parent of the Company, such fees and expenses shall be deemed for purposes
of this clause (xiii)(A) to be attributable to such ownership or operation;

     (B) in amounts required for any direct or indirect parent of the
Company to pay interest and principal on Indebtedness the proceeds of which
have been contributed to the Company or any Restricted Subsidiaries and that
has been guaranteed by, or is otherwise considered Indebtedness of, the
Company Incurred in accordance with Section 4.03; and

     (C) in amounts required for any direct or indirect parent of the
Company to pay fees and expenses, other than to Affiliates of the Company,
related to any unsuccessful equity or debt offering of such parent;

     (xiv) Restricted Payments used to fund the UCI Transactions as described in the
Offering Circular (including payments made pursuant to the UCI Acquisition Document, whether
payable on the Issue Date or thereafter) or owed by the Company or any direct or indirect
parent of the Company, as the case may be, or any Restricted Subsidiary to Affiliates for
services rendered or goods sold, in each case to the extent permitted by Section 4.07;

67

 

     (xv) repurchases of Equity Interests deemed to occur upon exercise of stock options or
warrants if such Equity Interests represent a portion of the exercise price of such options
or warrants;

     (xvi) purchases of receivables pursuant to a Receivables Repurchase Obligation in
connection with a Qualified Receivables Financing and the payment or distribution of
Receivables Fees;

     (xvii) payments of cash, or dividends, distributions, advances or other Restricted
Payments by the Company or any Restricted Subsidiary to allow the payment of cash in lieu of
the issuance of fractional shares upon the exercise of options or warrants or upon the
conversion or exchange of Capital Stock of any such Person;

     (xviii) the repurchase, redemption or other acquisition or retirement for value of any
Subordinated Indebtedness pursuant to the provisions similar to those described under
Sections 4.06 and 4.08; provided, however, that all Notes tendered by holders of the Notes
in connection with a Change of Control or Asset Sale Offer, as applicable, have been
repurchased, redeemed or acquired for value in accordance with the terms of this Indenture;
and

     (xix) payments or distributions to dissenting stockholders pursuant to applicable law
or in connection with a consolidation, amalgamation, merger or transfer of all or
Substantially All of the assets of the Company and the Restricted Subsidiaries, taken as a
whole, that complies with Section 5.01; provided that as a result of such consolidation,
amalgamation, merger or transfer of assets, the Issuer shall have made a Change of Control
Offer (if required by this Indenture) and that all Notes tendered by holders in connection
with such Change of Control Offer have been repurchased, redeemed or acquired for value;

provided, however, that at the time of, and after giving effect to any Restricted Payment permitted
under clauses (x) and (xi) of this Section 4.04(b), no Default shall have occurred and be
continuing or would occur as a consequence thereof.

          (c) As of the Issue Date, all of the Company’s Subsidiaries will be Restricted Subsidiaries.
For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all
outstanding Investments by the Company and the Restricted Subsidiaries (except to the extent
repaid) in the Subsidiary so designated will be deemed to be Restricted Payments in an amount
determined as set forth in the last sentence of the definition of “Investments”. Such designation
will only be permitted if a Restricted Payment in such amount would be permitted at such time and
if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. The Company will
not permit any Unrestricted Subsidiary to become a Restricted Subsidiary except pursuant to the
definition of “Unrestricted Subsidiary.”

          SECTION 4.05. Dividend and Other Payment Restrictions Affecting Subsidiaries. (a)
The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly,
create or otherwise cause or suffer to exist or become effective any consensual encumbrance or
consensual restriction on the ability of any Restricted Subsidiary to:

68

 

     (i) (A) pay dividends or make any other distributions to the Company or any Restricted
Subsidiary (1) on its Capital Stock or (2) with respect to any other interest or
participation in, or measured by, its profits; or (B) pay any Indebtedness owed to the
Company or any Restricted Subsidiary;

     (ii) make loans or advances to the Company or any Restricted Subsidiary; or

     (iii) sell, lease or transfer any of its properties or assets to the Company or any
Restricted Subsidiary;

except in each case for such encumbrances or restrictions existing under or by reason of:

     (1) contractual encumbrances or restrictions in effect on the Issue Date,
including pursuant to the Senior Secured Credit Facilities (and any security
documents related thereto), local overdraft and other local working capital
facilities and contractual encumbrances or restrictions pursuant to customary
intercreditor agreements entered into after the Issue Date in connection with the
incurrence of additional Secured Indebtedness as contemplated under the Senior
Secured Credit Facilities;

     (2) this Indenture, the Notes (and Guarantees thereof), any Currency
Agreement, any agreement or instrument creating a Hedging Obligation and any other
intercreditor agreements;

     (3) applicable law or any applicable rule, regulation or order;

     (4) any agreement or other instrument of a Person acquired by the Company or
any Restricted Subsidiary which was in existence at the time of such acquisition
(but not created in contemplation thereof or to provide all or any portion of the
funds or credit support utilized to consummate such acquisition), which encumbrance
or restriction is not applicable to any Person, or the properties or assets of any
Person, other than the Person and its Subsidiaries, or the property or assets of
the Person and its Subsidiaries, so acquired;

     (5) contracts or agreements for the sale of assets, including any restriction
with respect to a Restricted Subsidiary imposed pursuant to an agreement entered
into for the sale or disposition of the Capital Stock or assets of such Restricted
Subsidiary pending the closing of such sale or disposition;

     (6) any Restricted Investment not prohibited by Section 4.04 and any Permitted
Investment;

     (7) restrictions on cash or other deposits or net worth imposed by regulatory
authorities (including with respect to tax obligations and value-added taxes), in
connection with deductions made for tax, pension, national insurance and other
similar purposes or for the benefit of customers under contracts entered into in
the ordinary course of business;

69

 

     (8) customary provisions in joint venture agreements, similar agreements
relating solely to such joint venture and other similar agreements entered into in
the ordinary course of business;

     (9) Capitalized Lease Obligations and purchase money obligations for property
acquired in the ordinary course of business;

     (10) customary provisions contained in leases (other than financing or similar
leases), licenses and other similar agreements entered into in the ordinary course
of business;

     (11) any encumbrance or restriction of a Receivables Subsidiary effected in
connection with a Qualified Receivables Financing; provided, however, that such
restrictions apply only to such Receivables Subsidiary;

     (12) any encumbrance or restriction arising pursuant to an agreement or
instrument relating to any Indebtedness permitted to be Incurred subsequent to the
Issue Date by Section 4.03 of this Indenture (A) if the encumbrances and
restrictions contained in any such agreement or instrument taken as a whole are not
materially less favorable to the holders of the Notes than the encumbrances and
restrictions contained in the Senior Secured Credit Facilities or this Indenture as
of the Issue Date (in each case, as determined in good faith by the Company) or (B)
if such encumbrance or restriction is not materially more disadvantageous to the
holders of the Notes than is customary in comparable financings (as determined in
good faith by the Company) and either (x) the Company determines that such
encumbrance or restriction will not materially affect the Issuer’s ability to make
principal or interest payments on the Notes as and when they come due or (y) such
encumbrance or restriction applies only if a default occurs in respect of a payment
or financial covenant relating to such Indebtedness;

     (13) any encumbrances or restrictions of the type referred to in clause (iii)
of Section 4.05(a) above existing by reason of any Lien permitted under Section
4.12;

     (14) any encumbrances or restrictions of the type referred to in clauses (i),
(ii) and (iii) of Section 4.05(a) above imposed by any amendments, modifications,
restatements, renewals, increases, supplements, refundings, replacements or
refinancings of the contracts, instruments or obligations referred to in clauses
(1) through (13) above; provided, however, that such amendments, modifications,
restatements, renewals, increases, supplements, refundings, replacements or
refinancings taken as a whole are, in the good faith judgment of the Company, no
more materially restrictive with respect to such dividend and other payment
restrictions than those contained in the dividend or other payment restrictions
prior to such amendment, modification, restatement, renewal, increase, supplement,
refunding, replacement or refinancing; and

70

 

     (15) restrictions on cash or other deposits or net worth imposed by customers
under agreements entered into in the ordinary course of business.

          (b) For purposes of determining compliance with this Section 4.05, (i) the priority of any
Preferred Stock in receiving dividends or liquidating distributions prior to dividends or
liquidating distributions being paid on ordinary shares shall not be deemed a restriction on the
ability to make distributions on Capital Stock and (ii) the subordination of (or remedy bars in
respect of) loans or advances made to the Company or a Restricted Subsidiary to other Indebtedness
Incurred by the Company or any such Restricted Subsidiary shall not be deemed a restriction on the
ability to make loans or advances.

          SECTION 4.06. Asset Sales. (a) The Company will not, and will not permit any
Restricted Subsidiary to, cause or make an Asset Sale, unless (x) the Company or such Restricted
Subsidiary, as the case may be, receives consideration at the time of such Asset Sale at least
equal to the Fair Market Value of the assets sold or otherwise disposed of, and (y) at least 75% of
the consideration therefor received by the Company or such Restricted Subsidiary, as the case may
be, is in the form of Cash Equivalents; provided, however, that for purposes of clause (y) the
amount of:

     (i) any liabilities (as shown on the Company’s or such Restricted Subsidiary’s most
recent balance sheet or in the notes thereto) of the Company or any Restricted Subsidiary
(other than liabilities that are by their terms subordinated to the Notes or any Guarantee)
that are assumed by the transferee of any such assets,

     (ii) any notes or other obligations or other securities or assets received by the
Company or such Restricted Subsidiary from such transferee that are converted by the Company
or such Restricted Subsidiary into cash within 180 days of the receipt thereof (to the
extent of the cash received), and

     (iii) any Designated Non-cash Consideration received by the Company or any Restricted
Subsidiaries in such Asset Sale having an aggregate Fair Market Value, taken together with
all other Designated Non-cash Consideration received pursuant to this clause (c) that is at
that time outstanding, not to exceed the greater of $15.0 million and 1.25% of Total Assets
(determined at the time of the receipt of such Designated Non-cash Consideration and with
the Fair Market Value of each item of Designated Non-cash Consideration being measured at
the time received and without giving effect to subsequent changes in value),

     (iv) shall be deemed to be Cash Equivalents for the purposes of this clause (y).

          (b) Within 12 months after the Company or any Restricted Subsidiary’s receipt of the Net
Proceeds of any Asset Sale, the Company or such Restricted Subsidiary may apply the Net Proceeds
from such Asset Sale, at its option:

     (i) to repay (A) Obligations constituting Secured Indebtedness (and, if such
Indebtedness repaid is under a revolving credit facility, to correspondingly reduce
commitments with respect thereto), (B) Obligations constituting Senior Indebtedness (other
than Secured Indebtedness) (and, if such Indebtedness repaid is under a revolving

71

 

credit facility, to correspondingly reduce commitments with respect thereto); provided,
however, that if any such Senior Indebtedness described in this clause (B) other than the
Notes are repaid with the Net Proceeds of any Asset Sale, the Issuer will equally and
ratably reduce Obligations under the Notes through open-market purchases (provided that such
purchases are at or above 100% of the principal amount thereof), by optional redemption
under this Indenture or by making an offer (in accordance with the procedures set forth
below for an Asset Sale Offer) to all holders to purchase at a purchase price equal to 100%
of the principal amount thereof, plus accrued and unpaid interest and additional interest,
if any, the pro rata principal amount of Notes or (C) Obligations constituting Indebtedness
of a Restricted Subsidiary that is not the Issuer or a Guarantor, in the case of each of
clauses (A), (B) and (C), other than Indebtedness owed to the Company or its Affiliates;

     (ii) to make an investment in any one or more businesses (provided that if such
investment is in the form of the acquisition of Capital Stock of a Person, such acquisition
results in such Person becoming a Restricted Subsidiary if it is not already a Restricted
Subsidiary), assets, or property or capital expenditures (including refurbishments), in each
case used or useful in a Similar Business; or

     (iii) to make an investment in any one or more businesses (provided that if such
investment is in the form of the acquisition of Capital Stock of a Person, such acquisition
results in such Person becoming a Restricted Subsidiary), properties or assets that replace
the properties and assets that are the subject of such Asset Sale.

     In the case of Sections 4.06(b)(ii) and (iii), a binding commitment to make an investment
described in such sections shall be treated as a permitted application of the Net Proceeds from the
date of such commitment; provided, however, that in the event such binding commitment is later
canceled or terminated for any reason before such Net Proceeds are so applied, the Company or such
Restricted Subsidiary enters into another binding commitment (a “Second Commitment”) within nine
months of such cancellation or termination of the prior binding commitment and such Net Proceeds
are ultimately applied to make such an investment; provided, further, however, that the Company or
such Restricted Subsidiary may only enter into a Second Commitment under the foregoing provision
one time with respect to each Asset Sale.

     Pending the final application of any such Net Proceeds, the Company or such Restricted
Subsidiary may temporarily reduce Indebtedness under a revolving credit facility, if any, or
otherwise invest such Net Proceeds in any manner not prohibited by this Indenture. Any Net
Proceeds from any Asset Sale that are not applied as provided and within the time period set forth
in the immediately two preceding paragraphs (it being understood that any portion of such Net
Proceeds used to make an offer to purchase Notes, as described in clause (i) of this Section
4.06(b), shall be deemed to have been invested whether or not such offer is accepted) will be
deemed to constitute “Excess Proceeds”. When the aggregate amount of Excess Proceeds exceeds $10.0
million, the Issuer shall make an offer to all holders of Notes (and, at the option of the Issuer,
to holders of any Senior Indebtedness of the Issuer or a Guarantor or any other Indebtedness of a
Restricted Subsidiary of the Company that is not an Obligor) (an “Asset Sale Offer”) to purchase on
a pro rata basis the maximum principal amount of Notes (and such Senior Indebtedness and other
Indebtedness), that is at least $2,000 and an integral multiple of $1,000

72

 

that may be purchased out of the Excess Proceeds at an offer price in cash in an amount equal
to 100% of the principal amount thereof (or, in the event such Senior Indebtedness or other
Indebtedness was issued with significant original issue discount, 100% of the accreted value
thereof), plus accrued and unpaid interest and additional interest, if any (or, in respect of such
Senior Indebtedness or other Indebtedness, such lesser price, if any, as may be provided for by the
terms of such Senior Indebtedness or other Indebtedness), to the date fixed for the closing of such
offer, in accordance with the procedures set forth in this Indenture. The Issuer will commence an
Asset Sale Offer with respect to Excess Proceeds within ten (10) Business Days after the date that
Excess Proceeds exceed $10.0 million by mailing (or otherwise delivering in accordance with
applicable DTC procedures) the notice required pursuant to the terms of this Indenture, with a copy
to the Trustee. To the extent that the aggregate amount of Notes (and such Senior Indebtedness or
other Indebtedness) tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds, the
Company or such Restricted Subsidiary may use any remaining Excess Proceeds for general corporate
purposes. If the aggregate principal amount of Notes (and such Senior Indebtedness or other
Indebtedness) surrendered by holders thereof exceeds the amount of Excess Proceeds, the Trustee
shall select the Notes to be purchased in the manner described below. Upon completion of any such
Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero. An Asset Sale Offer need
not be made by the Issuer until the date that is 12 months after the date on which an Asset Sale is
made, the proceeds of which, in aggregate with all funds not applied in accordance with Section
4.06 or the subject of an Asset Sale Offer, exceed $10.0 million.

          (c) The Issuer will comply with the requirements of Rule 14e-1 under the Exchange Act and any
other securities laws and regulations to the extent such laws or regulations are applicable in
connection with the repurchase of the Notes pursuant to an Asset Sale Offer. To the extent that
the provisions of any securities laws or regulations conflict with the provisions of this
Indenture, the Issuer will comply with the applicable securities laws and regulations and shall not
be deemed to have breached its obligations described in this Indenture by virtue thereof.

          (d) If more Notes (and such Senior Indebtedness or other Indebtedness) are tendered pursuant
to an Asset Sale Offer than the Issuer is required to purchase, selection of such Notes for
purchase will be made by the Trustee in integral multiples of $1,000 on a pro rata basis, to the
extent practicable and in compliance with the requirements of DTC and any stock exchange on which
the Notes are then admitted to trading; provided that no Notes of $2,000 or less shall be purchased
in part. Selection of such Senior Indebtedness or other Indebtedness will be made pursuant to the
terms of such Senior Indebtedness or other Indebtedness.

          (e) An Asset Sale Offer insofar as it relates to the Notes, will remain open for a period of
not less than 20 Business Days following its commencement (the “Offer Period”). No later than five
Business Days after the termination of the applicable Offer Period the Issuer will purchase the
principal amount of the Notes (and purchase or repay any relevant Senior Indebtedness or other
Indebtedness required to be so purchased or repaid as set out above) validly tendered.

          (f) To the extent that any portion of the Net Proceeds payable in respect of the Notes is
denominated in a currency other than the currency in which the Notes are denominated, the amount
payable in respect of such Notes shall not exceed the net amount of funds in the

73

 

currency in which such Notes are denominated as is actually received by the Company or such
Restricted Subsidiary upon converting the relevant portion of the Net Proceeds into such currency.

          (g) Notices of an Asset Sale Offer shall be mailed by first-class mail, postage prepaid (or
otherwise delivered in accordance with applicable DTC procedures) at least 30 but not more than 60
days before the purchase date to each holder of Notes at such holder’s registered address. If any
Note is to be purchased in part only, any notice of purchase that relates to such Note shall state
the portion of the principal amount thereof that has been or is to be purchased.

          (h) The Issuer’s obligation under this Section 4.06 to make an Asset Sale Offer may be waived
or modified with the consent of a majority in principal amount of the Notes.

          SECTION 4.07. Transactions with Affiliates. (a) The Company will not, and will not
permit any Restricted Subsidiaries to, directly or indirectly, make any payment to, or sell, lease,
transfer or otherwise dispose of any of its properties or assets to, or purchase any property or
assets from, or enter into or make or amend any transaction or series of transactions, contract,
agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate of
the Company (each of the foregoing, an “Affiliate Transaction”) involving aggregate consideration
in excess of $10.0 million, unless:

     (i) such Affiliate Transaction is on terms that are not materially less favorable to
the Company or the relevant Restricted Subsidiary than those that could have been obtained
in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated
Person; and

     (ii) with respect to any Affiliate Transaction or series of related Affiliate
Transactions involving aggregate consideration in excess of $20.0 million, the Company
delivers to the Trustee a resolution adopted in good faith by the majority of the Board of
Directors of the Company, approving such Affiliate Transaction and set forth in an Officers’
Certificate certifying that such Affiliate Transaction complies with clause (i) above.

          (b) An Affiliate Transaction shall be deemed to have satisfied the approval requirements set
forth in clause (a) if (1) such Affiliate Transaction is approved by a majority of the
Disinterested Directors or (2) in the event there are no Disinterested Directors, a fairness
opinion is provided by an Independent Financial Advisor with respect to such Affiliate Transaction.

          (c) The provisions of Section 4.07(a) shall not apply to the following:

     (i) transactions between or among the Company or any Restricted Subsidiaries (or an
entity that becomes a Restricted Subsidiary as a result of such transaction) or between or
among Restricted Subsidiaries or any Receivables Subsidiary and any merger, consolidation or
amalgamation of the Company and any direct parent of the Company; provided that such parent
shall have no material liabilities and no material assets other than cash, Cash Equivalents
and the Capital Stock of the Company and such merger,

74

 

consolidation or amalgamation is otherwise in compliance with the terms of this
Indenture and effected for a bona fide business purpose;

     (ii) Restricted Payments permitted by Section 4.04 and Permitted Investments (other
than Investments discussed in clause (3) of the definition of Permitted Investments);

     (iii) the entering into of any agreement (and any amendment or modification of any such
agreement) to pay, and the payment of, annual management, consulting, monitoring and
advisory fees to Rank in an aggregate amount in any fiscal year not to exceed 1.5% of EBITDA
of the Company and the Restricted Subsidiaries for the immediately preceding fiscal year,
plus out-of-pocket expense reimbursement;

     (iv) the payment of reasonable and customary fees and reimbursement of expenses paid
to, and indemnity provided on behalf of, officers, directors, employees or consultants of
the Company or any Restricted Subsidiary or any direct or indirect parent of the Company;

     (v) payments by the Company or any Restricted Subsidiary to Rank made for any financial
advisory, financing, underwriting or placement services or in respect of other investment
banking activities, including, without limitation, in connection with the UCI Transactions,
acquisitions or divestitures, which payments are (A) made pursuant to the agreements with
Rank described in the Offering Circular under the caption “Shareholders and Related Party
Transactions” or (B) approved by a majority of the Board of Directors the Company in good
faith;

     (vi) transactions in which the Company or any Restricted Subsidiary, as the case may
be, delivers to the Trustee a letter from an Independent Financial Advisor stating that such
transaction is fair to the Company or such Restricted Subsidiary from a financial point of
view or meets the requirements of clause (i) of Section 4.07(a);

     (vii) payments or loans (or cancellation of loans) to directors, employees or
consultants which are approved by a majority of the Board of Directors of the Company in
good faith;

     (viii) any agreement as in effect as of the Issue Date or any amendment thereto (so
long as any such agreement together with all amendments thereto, taken as a whole, is not
more disadvantageous to the holders of the Notes in any material respect than the original
agreement as in effect on the Issue Date) or any transaction contemplated thereby as
determined in good faith by senior management or the Board of Directors of the Company;

     (ix) the existence of, or the performance by the Company or any Restricted Subsidiaries
of its obligations under the terms of, the UCI Acquisition Document, the Credit Agreement
Documents, any intercreditor agreements, any shareholders’ agreement (including any
registration rights agreement or purchase agreement related thereto) to which it is a party
as of the Issue Date or any other agreement or arrangement in existence on the Issue Date or
described in the Offering Circular and, in each case, any

75

 

amendment thereto or similar transactions, agreements or arrangements which it may
enter into thereafter; provided, however, that the existence of, or the performance by the
Company or any Restricted Subsidiaries of its obligations under, any future amendment to any
such existing transaction, agreement or arrangement or under any similar transaction,
agreement or arrangement entered into after the Issue Date shall only be permitted by this
clause (ix) to the extent that the terms of any such existing transaction, agreement or
arrangement together with all amendments thereto, taken as a whole, or new transaction,
agreement or arrangement are not otherwise more disadvantageous to the holders of the Notes
in any material respect than the original transaction, agreement or arrangement as in effect
on the Issue Date and the existence of, or the performance by the Company or any Restricted
Subsidiaries of its obligations under the terms of any intercreditor agreements entered into
after the Issue Date in connection with the Incurrence of additional Secured Indebtedness as
contemplated under the Credit Agreement Documents;

     (x) the execution of the UCI Transactions and the payment of all fees and expenses,
bonuses and awards related to the UCI Transactions, including fees to Rank, that are
described in the Offering Circular or contemplated by the UCI Acquisition Document or by any
of the other documents related to the UCI Transactions;

     (xi) (A) transactions with customers, clients, suppliers or purchasers or sellers of
goods or services, or transactions otherwise relating to the purchase or sale of goods or
services, in each case in the ordinary course of business and otherwise in compliance with
the terms of this Indenture, which are fair to the Company and the Restricted Subsidiaries
in the reasonable determination of the Board of Directors or the senior management of the
Company, or are on terms at least as favorable as might reasonably have been obtained at
such time from an unaffiliated party or (B) transactions with joint ventures or Unrestricted
Subsidiaries entered into in the ordinary course of business;

     (xii) any transaction effected as part of a Qualified Receivables Financing;

     (xiii) the issuance of Equity Interests (other than Disqualified Stock) of the Company
or Subordinated Shareholder Funding to any Person;

     (xiv) the issuance of securities or other payments, awards or grants in cash,
securities or otherwise pursuant to, or the funding or entering into of employment
arrangements, stock option and stock ownership plans or similar employee benefit plans
approved by the Board of Directors of the Company or any direct or indirect parent of the
Company or of a Restricted Subsidiary of the Company, as appropriate;

     (xv) the entering into and performance of any tax sharing agreement or arrangement and
any payments permitted by Section 4.04(b)(xii);

     (xvi) any contribution to the capital of the Company;

     (xvii) transactions between the Company or any Restricted Subsidiary and any Person, a
director of which is also a director of the Company or any direct or indirect parent of the
Company; provided, however, that such director abstains from voting as a

76

 

director of the Company or such direct or indirect parent, as the case may be, on any
matter involving such other Person;

     (xviii) pledges of Equity Interests of Unrestricted Subsidiaries;

     (xix) the formation and maintenance of any consolidated or combined group or subgroup
for tax, accounting or cash pooling or management purposes in the ordinary course of
business;

     (xx) any employment agreements entered into by the Company or any Restricted Subsidiary
in the ordinary course of business; and

     (xxi) intercompany transactions undertaken in good faith (as certified by a responsible
financial or accounting officer of the Company in an Officers’ Certificate) for the purpose
of improving the consolidated tax efficiency of the Company and its Subsidiaries and not for
the purpose of circumventing any covenant set forth in this Indenture.

          SECTION 4.08. Change of Control. (a) Upon the occurrence of a Change of Control,
each holder will have the right to require the Issuer to repurchase all or any part of such
holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof, plus
accrued and unpaid interest and additional interest, if any, to the date of repurchase (subject to
the right of holders of record on the relevant record date to receive interest due on the relevant
interest payment date), except to the extent the Issuer has previously elected to redeem all of the
Notes as described under Article III of this Indenture. In the event that at the time of such
Change of Control the terms of any Bank Indebtedness restrict or prohibit the repurchase of Notes
pursuant to this Section 4.08, then prior to the mailing (or delivery) of the notice to holders
provided for in Section 4.08(c), but in any event within 45 days following any Change of Control,
the Issuer shall: (i) repay in full all such Bank Indebtedness or, if doing so will allow the
purchase of Notes, offer to repay in full all such Bank Indebtedness and repay the Bank
Indebtedness of each lender that has accepted such offer; or (ii) obtain the requisite consent
under the agreements governing such Bank Indebtedness to permit the repurchase of the Notes as
provided for in Section 4.08(c).

          (b) The Issuer’s failure to comply with such provisions or the provisions of the
immediately following paragraph shall constitute an Event of Default under 6.01(d) and not 6.01(b).

          (c) Within 45 days following any Change of Control, except to the extent that the Issuer has
exercised its right to redeem the Notes by delivery of a notice of redemption in accordance with
Article III and all conditions to such redemption have been satisfied or waived, the Issuer shall
mail (or otherwise deliver in accordance with applicable DTC procedures) a notice (a “Change of
Control Offer”) to each holder with a copy to the Trustee stating:

     (i) that a Change of Control has occurred and that such holder has the right to require
the Issuer to repurchase such holder’s Notes at a repurchase price in cash equal to 101% of
the principal amount thereof, plus accrued and unpaid interest and additional interest, if
any, to the date of repurchase (subject to the right of holders of record on a

77

 

record date to receive interest on the relevant interest payment date) (the “Change of
Control Payment”);

     (ii) the circumstances and relevant facts and financial information regarding such
Change of Control;

     (iii) the repurchase date (which shall be no earlier than 30 days nor later than 60
days from the date such notice is mailed or delivered) (the “Change of Control Payment
Date”);

     (iv) the instructions determined by the Issuer, consistent with this Section 4.08, that
a holder must follow in order to have its Notes purchased; and

     (v) if applicable and such notice is mailed prior to the occurrence of a Change of
Control, that such offer is conditioned on the occurrence of such Change of Control.

          (d) Holders electing to have a Note purchased shall be required to surrender the Note, with
an appropriate form duly completed, to the Issuer, at the address specified in the notice at least
three Business Days prior to the purchase date. The Holders shall be entitled to withdraw their
election if the Trustee or the Issuer receive not later than one Business Day prior to the purchase
date a facsimile transmission or letter setting forth the name of the Holder, the principal amount
of the Note which was delivered for purchase by the Holder and a statement that such Holder is
withdrawing his election to have such Note purchased.

          (e) A Change of Control Offer may be made in advance of a Change of Control, and conditioned
upon such Change of Control, if a definitive agreement is in place for the Change of Control at the
time of making of the Change of Control Offer.

          (f) Notwithstanding the foregoing provisions of this Section 4.08, the Issuer will not be
required to make a Change of Control Offer upon a Change of Control 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 this Indenture applicable to a Change of Control Offer made by the Issuer
and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer.

          (g) On the Change of Control Payment Date, if the Change of Control shall have occurred, the
Issuer will, to the extent lawful:

     (i) accept for payment all Notes properly tendered pursuant to the Change of Control
Offer;

     (ii) deposit with the Paying Agent an amount equal to the Change of Control Payment in
respect of all Notes so tendered;

     (iii) deliver or cause to be delivered to the Trustee an Officers’ Certificate stating
the Notes or portions of the Notes being purchased by the Issuer in the Change of Control
Offer;

78

 

     (iv) in the case of Global Securities, deliver, or cause to be delivered, to the
principal Paying Agent the Global Securities in order to reflect thereon the portion of such
Notes or portions thereof that have been tendered to and purchased by the Issuer; and

     (v) in the case of Definitive Securities, deliver, or cause to be delivered, to the
relevant Registrar for cancellation all Definitive Securities accepted for purchase by the
Issuer.

          (h) The Paying Agent will promptly mail (or otherwise deliver in accordance with applicable
DTC procedures) to each holder of Notes so tendered the Change of Control Payment for such Notes,
and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to
each holder of Notes a new Note equal in principal amount to the unpurchased portion of the Notes
surrendered, if any; provided, however, that each such new Note will be in a principal amount that
is at least $2,000 and integral multiples of $1,000 in excess thereof.

          (i) Notes repurchased by the Issuer or an Affiliate pursuant to a Change of Control Offer
will have the status of Notes issued but not outstanding or will be retired and canceled at the
option of the Issuer. Notes purchased by an unaffiliated third party pursuant to Section 4.08(h)
will have the status of Notes issued and outstanding.

          (j) The Issuer will comply, to the extent applicable, with the requirements of Section 14(e)
of the Exchange Act and any other securities laws or regulations in connection with the repurchase
of Notes pursuant to this Section 4.08. To the extent that the provisions of any securities laws
or regulations conflict with provisions of this Section 4.08, the Issuer will comply with the
applicable securities laws and regulations and will not be deemed to have breached its obligations
under this Section 4.08 by virtue thereof.

          (k) The Issuer’s obligation under this Section 4.08 to make an offer to repurchase the Notes
as a result of a Change of Control may be waived or modified with the written consent of the
holders of a majority in principal amount of outstanding Notes.

          SECTION 4.09. Compliance Certificate. The Company shall deliver to the Trustee
within 120 days after the end of each fiscal year of the Company, beginning with the fiscal year
end on December 31, 2011, and, within 14 days of a request by the Trustee, an Officers’ Certificate
stating that in the course of the performance by the signers thereof of their duties as Officers of
the Company, they would normally have knowledge of any Default and whether or not the signers know
of any Default that occurred during such period. If they do, the certificate shall describe the
Default, its status and what action the Company is taking or proposes to take with respect thereto.
The Company also is required to deliver to the Trustee (i) as soon as it becomes aware of the
occurrence of an Event of Default, written notice of the occurrence of such Event of Default
referring to this Indenture and the Section or Sections under which such Event of Default has
occurred and (ii) within 30 days after the occurrence thereof, written notice of any event which
would constitute a Default under clauses (c), (d), (e), (f) or (g) of Section 6.01, referring to
this Indenture and the Section or Sections under which such Default

79

 

or Event of Default has occurred, their status and what action the Company is taking or
proposes to take in respect thereof.

          SECTION 4.10. Further Instruments and Acts. The Issuer or the Company shall execute
and deliver such further instruments and do such further acts as may be reasonably necessary or
proper to carry out more effectively the purpose of this Indenture (including upon request of the
Trustee but without affirmative duty to do so).

          SECTION 4.11. Future Guarantors. (a) Each Restricted Subsidiary (unless such
Subsidiary is the Issuer, a Subsidiary Guarantor or a Receivables Subsidiary) that guarantees,
assumes or in any other manner becomes liable with respect to (x) any Indebtedness under any Credit
Agreement or (y) any Public Debt (including any proceeds loans or other intercompany loans in
respect thereof) of the Issuer, the Company or any Subsidiary Guarantor, in each case, will execute
and deliver to the Trustee a supplemental indenture pursuant to which such Restricted Subsidiary
will guarantee payment of the Notes on the terms provided for in this Indenture; provided that
notwithstanding the foregoing:

     (i) no Guarantee shall be required as a result of any Indebtedness or guarantee of
Indebtedness that existed at the time such Person became a Restricted Subsidiary if the
Indebtedness or guarantee was not Incurred in connection with, or in contemplation of, such
Person becoming a Restricted Subsidiary;

     (ii) if such Indebtedness is by its terms expressly subordinated to the Notes or any
Guarantee, any such assumption, guarantee or other liability of such Restricted Subsidiary
with respect to such Indebtedness shall be subordinated to such Restricted Subsidiary’s
Guarantee of the Notes at least to the same extent as such Indebtedness is subordinated to
the Notes or any other senior guarantee;

     (iii) no Guarantee shall be required from a Financial Assistance Restricted Subsidiary

     (iv) no Guarantee shall be required from a US Controlled Foreign Subsidiary unless it
guarantees, assumes or in any other manner becomes liable with respect to any Indebtedness
under any Credit Agreement (including any proceeds loans or other intercompany loans in
respect thereof) of the Issuer, the Company or any Subsidiary Guarantor;

     (v) no Guarantee shall be required if such Guarantee could reasonably be expected to
give rise to or result in (x) personal liability for, or material risk of personal liability
for, the officers, directors or shareholders of the Company, any parent of the Company or
any Restricted Subsidiary, (y) any violation of, or material risk of violation of,
applicable law that cannot be avoided or otherwise prevented through measures reasonably
available to the Company or any such Restricted Subsidiary, including, for the avoidance of
doubt, “whitewash” or similar procedures or (z) any significant cost, expense, liability or
obligation (including with respect of any Taxes) other than reasonable out-of-pocket
expenses and other than reasonable expenses incurred in connection with any governmental or
regulatory filings required as a result of, or any

80

 

measures pursuant to clause (y) undertaken in connection with, such Guarantee, which
cannot be avoided through measures reasonably available to the Company or any such
Restricted Subsidiary; and

     (vi) each such Guarantee will be limited as necessary to recognize certain defenses
generally available to guarantors (including those that relate to fraudulent conveyance or
transfer, voidable preference, financial assistance, corporate purpose, capital maintenance
or similar laws, regulations or defenses affecting the rights of creditors generally) or
other considerations under applicable law.

          (b) The Guarantees shall be released in accordance with the provisions of Section 10.06.

          SECTION 4.12. Liens. (a) The Company will not, and will not permit any Restricted
Subsidiaries to, directly or indirectly, create, Incur or suffer to exist any Lien on any asset or
property of the Company or such Restricted Subsidiary (including Capital Stock or Indebtedness of a
Restricted Subsidiary), whether owned on the Issue Date or acquired thereafter, or any interest
therein or any income, profits or proceeds therefrom securing any Indebtedness (an “Initial Lien”),
except Permitted Liens; provided, however, that any Lien on such property or assets will be
permitted notwithstanding that it is not a Permitted Lien if the Notes and Guarantees are equally
and ratably secured with (or on a senior basis to, in the case of obligations subordinated in right
of payment to the Notes or the Guarantees), the obligations so secured until such time as such
obligations are no longer secured by a Lien.

          (b) Any Lien created for the benefit of the holders pursuant to this Section 4.12 will
provide by its terms that such Lien will be automatically and unconditionally released and
discharged (a) upon the release and discharge of the Initial Lien, (b) upon the sale or other
disposition of the assets subject to such Initial Lien (or the sale or other disposition of the
Person that owns such assets) in compliance with the terms of this Indenture, (c) upon the
designation of a Restricted Subsidiary whose property or assets secure such Initial Lien as an
Unrestricted Subsidiary in accordance with the terms of this Indenture, (d) following an Event of
Default under this Indenture or an event of default under any other Indebtedness secured by the
collateral securing such Indebtedness, pursuant to an enforcement action, if required, in
accordance with the terms of any applicable intercreditor agreement or (e) upon the effectiveness
of any defeasance or satisfaction and discharge of the Notes as specified in this Indenture.

          SECTION 4.13. Maintenance of Office or Agency. (a) The Issuer shall maintain one or
more offices or agencies (which may be an office of the Trustee or an affiliate of the Trustee or
Registrar) where Notes may be surrendered for registration of transfer or for exchange and where
notices and demands to or upon the Issuer in respect of the Notes and this Indenture may be served.
The Issuer shall give prompt written notice to the Trustee and the Paying Agent of the location,
and any change in the location, of such office or agency. If at any time the Issuer shall fail to
maintain any such required office or agency or shall fail to furnish the Trustee and the Paying
Agent with the address thereof, such presentations, surrenders, notices and demands may be made or
served at the corporate trust office of the Trustee as set forth in Section 11.01.

81

 

          (b) The Issuer may also from time to time designate one or more other offices or agencies
where the Notes may be presented or surrendered for any or all such purposes and may from time to
time rescind such designations; provided, however, that no such designation or rescission shall in
any manner relieve the Issuer of its obligation to maintain an office or agency for such purposes.
The Issuer shall give prompt written notice to the Trustee and the Paying Agent of any such
designation or rescission and of any change in the location of any such other office or agency.

          (c) The Issuer hereby designates the corporate trust office of the Trustee or its Agent as
such office or agency of the Issuer in accordance with Section 2.04.

          SECTION 4.14. Taxes. The Issuer will pay any present or future stamp, court or
documentary Taxes, or any other excise, property or similar Taxes that arise in any jurisdiction
from the execution, delivery, registration or enforcement of any Notes, this Indenture, or any
other document or instrument in relation thereto (other than a transfer of the Notes) excluding any
such Taxes imposed by any jurisdiction that is not a Relevant Taxing Jurisdiction, and the Issuer
and each Guarantor agree to indemnify the noteholders and the Trustee for any such Taxes paid by
such noteholders. The foregoing obligations will survive any termination, defeasance or discharge
of this Indenture and will apply mutatis mutandis to any jurisdiction in which any successor to an
Issuer is organized or otherwise considered to be a resident for tax purposes or any political
subdivision or taxing authority or agency thereof or therein.

          SECTION 4.15. Suspension/Fall-Away of Covenants on Achievement of Investment Grade
Status. (a) If on any date (i) the Notes have Investment Grade Ratings from both Rating
Agencies, and the Company has delivered written notice of such Investment Grade Ratings to the
Trustee, and (ii) no Default has occurred and is continuing under this Indenture, then, beginning
on that day, the Company and the Restricted Subsidiaries will not be subject to Sections 4.03,
4.04, 4.05, 4.06, 4.07, 4.08, 4.11 and Section 5.01(a)(iv) of this Indenture (the “Suspended
Covenants”).

          (b) In the event that the Company and the Restricted Subsidiaries are not subject to the
Suspended Covenants under this Indenture for any period of time as a result of the foregoing, and
on any subsequent date one or both of the Rating Agencies (a) withdraw their Investment Grade
Rating or downgrade the rating assigned to the Notes below an Investment Grade Rating or (b) the
Company or any of its Affiliates enters into an agreement to effect a transaction that would result
in a breach of a Suspended Covenant if not so suspended and one or more of the Rating Agencies
indicate that if consummated, such transaction (alone or together with any related recapitalization
or refinancing transactions) would cause such Rating Agency to withdraw its Investment Grade Rating
or downgrade the ratings assigned to the Notes below an Investment Grade Rating, then the Company
and the Restricted Subsidiaries will thereafter again be subject to the Suspended Covenants under
this Indenture. Such covenants will not, however, be of any effect with regard to the actions of
the Company and the Restricted Subsidiaries properly taken during the continuance of the covenant
suspension and Section 4.04 shall be interpreted as if it had been in effect since the Issue Date
except that no Default will be deemed to have occurred and will not occur solely by reason of a
Restricted Payment made during the covenant suspension.

82

 

          (c) During the continuance of the covenant suspension, no Restricted Subsidiary may be
designated as an Unrestricted Subsidiary.

          (d) The Company, in an Officers’ Certificate, shall provide the Trustee notice of any action
that results in Suspended Covenants or the revocation of such suspension. The Trustee will have no
obligation to (i) independently determine or verify if such events have occurred, (ii) make any
determination regarding the impact of actions taken during the suspension period on future
compliance by the Company and the Restricted Subsidiaries with their covenants or (iii) notify the
holders of the occurrence of any action that results in Suspended Covenants or a revocation of such
suspension.

ARTICLE V

Successor Company

          SECTION 5.01. When the Issuer, the Company or a Guarantor May Merge or Transfer
Assets. (a) Except for the mergers contemplated on the Issue Date to consummate the UCI
Acquisition which shall be explicitly permitted, the Company may not, directly or indirectly,
consolidate, amalgamate or merge with or into or wind-up or convert into (whether or not the
Company is the surviving Person), or sell, assign, transfer, lease, convey or otherwise dispose of
properties or assets constituting all or Substantially All of the properties or assets of the
Company and its Subsidiaries taken as a whole in one or more related transactions, to any Person
unless:

     (i) the Company is the surviving person or the Person formed by or surviving any such
consolidation, amalgamation, merger, winding-up or conversion (if other than the Company) or
to which such sale, assignment, transfer, lease, conveyance or other disposition will have
been made is a corporation, partnership or limited liability company organized or existing
under the laws of any member state of the European Union that was a member state on January
1, 2004, the United States, the District of Columbia, or any state or territory thereof, or
New Zealand (the Company, or such Person, as the case may be, being herein called the
“Successor Holding Company”);

     (ii) the Successor Holding Company (if other than the Company) expressly assumes all
the obligations of the Company under its Guarantee and this Indenture pursuant to
supplemental indentures or other documents or instruments in form satisfactory to the
Trustee;

     (iii) immediately after giving effect to such transaction (and treating any
Indebtedness which becomes an obligation of the Successor Holding Company or any of its
Restricted Subsidiaries as a result of such transaction as having been Incurred by the
Successor Holding Company or such Restricted Subsidiary at the time of such transaction), no
Default shall have occurred and be continuing;

     (iv) immediately after giving pro forma effect to such transaction, as if such
transaction had occurred at the beginning of the applicable four-quarter period (and
treating any Indebtedness which becomes an obligation of the Successor Holding

83

 

Company or any of its Restricted Subsidiaries as a result of such transaction as having
been Incurred by the Successor Holding Company or such Restricted Subsidiary at the time of
such transaction), either:

     (1) the Successor Holding Company would be permitted to Incur at least $1.00
of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set
forth in Section 4.03(a); or

     (2) the Fixed Charge Coverage Ratio for the Successor Holding Company and its
Restricted Subsidiaries would be greater than such ratio for the Company and the
Restricted Subsidiaries immediately prior to such transaction;

     (v) if the Successor Holding Company is not the Company, the Issuer and each Subsidiary
Guarantor, unless it is the other party to the transactions described above, shall have by
supplemental indenture confirmed that its obligations under this Indenture, the Notes and
its respective Guarantee, as applicable, shall apply to such Person’s obligations under this
Indenture, the Notes and the Guarantee; and

     (vi) the Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that such consolidation, merger, amalgamation or transfer
and such supplemental indentures (if any) comply with this Indenture, provided that in
giving such opinion such counsel may rely on an Officers’ Certificate as to compliance with
the foregoing clauses (iii) and (iv) of this Section 5.01(a) and as to any matters of fact.

          The Successor Holding Company (if other than the Company) will succeed to, and be substituted
for, the Company, under this Indenture and its Guarantee, and in such event the Company will
automatically be released and discharged from its obligations under this Indenture and its
Guarantee. Notwithstanding the foregoing clauses (iii) and (iv) of this Section 5.01(a), (A) any
Restricted Subsidiary may merge, consolidate or amalgamate with or transfer all or part of its
properties and assets to the Company or to another Restricted Subsidiary, and (B) the Company may
merge, consolidate or amalgamate with an Affiliate incorporated solely for the purpose of
reincorporating the Company in any member state of the European Union that was a member state on
January 1, 2004, the United States, the District of Columbia, or any state or territory thereof, or
New Zealand, or may convert into a limited liability company, so long as the amount of Indebtedness
of the Company and the Restricted Subsidiaries is not increased thereby. The provisions set forth
in this Article V will not apply to a sale, assignment, transfer, conveyance or other disposition
of assets between or among the Company and the Restricted Subsidiaries.

          (b) subject to the provisions of Section 10.06 (which govern the release of a Guarantee upon
the sale or disposition of a Restricted Subsidiary that is a Subsidiary Guarantor), no Subsidiary
Guarantor will, and the Company will not permit any Subsidiary Guarantor to, consolidate,
amalgamate or merge with or into or wind-up into (whether or not such Guarantor is the surviving
Person), or sell, assign, transfer, lease, convey or otherwise dispose of all or Substantially All
of the properties or assets of the Company and its Subsidiaries taken as a whole in one or more
related transactions to, any Person unless:

84

 

     (i) either (A) such Guarantor is the surviving Person or the Person formed by or
surviving any such consolidation, amalgamation or merger (if other than such Guarantor) or
to which such sale, assignment, transfer, lease, conveyance or other disposition will have
been made is a corporation, partnership or limited liability company organized or existing
under the laws of any member state of the European Union that was a member state on January
1, 2004, the United States, the District of Columbia, or any state or territory thereof or
New Zealand (such Guarantor or such Person, as the case may be, being herein called the
“Successor Guarantor”), and the Successor Guarantor (if other than such Guarantor) expressly
assumes all the obligations of such Guarantor under this Indenture and such Guarantor’s
Guarantee pursuant to a supplemental indenture or other documents or instruments in form
satisfactory to the Trustee, or (B) if such sale or disposition or consolidation,
amalgamation or merger is with a Person other than the Company or any Restricted Subsidiary,
such sale or disposition or consolidation, amalgamation or merger is not in violation of
Section 4.06; and

     (ii) the Successor Guarantor (if other than such Guarantor) shall have delivered or
caused to be delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that such consolidation, amalgamation, merger or transfer and such supplemental
indenture (if any) comply with this Indenture.

          Except as otherwise provided in this Indenture, in a transaction to which Section
5.01(b)(1)(A) applies, the Successor Guarantor (if other than such Guarantor) will succeed to, and
be substituted for, such Guarantor under this Indenture and such Guarantor’s Guarantee, and such
Guarantor will automatically be released and discharged from its obligations under this Indenture
and such Guarantor’s Guarantee. Notwithstanding the foregoing, (A) a Guarantor may merge,
amalgamate or consolidate with an Affiliate incorporated solely for the purpose of reincorporating
such Guarantor in any member state of the European Union that was a member state on January 1,
2004, the United States, the District of Columbia, or any state or territory thereof, or New
Zealand, so long as the amount of Indebtedness of the Guarantor is not increased thereby, and (B) a
Guarantor may merge, amalgamate or consolidate with another Guarantor or the Issuer.

          In addition, notwithstanding the foregoing, any Subsidiary Guarantor may, without complying
with the foregoing covenant, (A) consolidate, amalgamate or merge with or into or wind-up into
(each, a “Consolidation”) (x) the Issuer or any Guarantor or (y) any Restricted Subsidiary that is
not a Guarantor; provided, however, that at the time of each such Consolidation pursuant to clause
(y) the aggregate amount of properties and assets subject to all such Consolidations since the
Issue Date shall not exceed 5.0% of the consolidated assets of the Company, the Issuer and the
Subsidiary Guarantors as shown on the most recent available consolidated balance sheet of the
Company after giving effect to each such Consolidation and including all Consolidations occurring
from and after the Issue Date (excluding Consolidations in connection with the UCI Transactions
described in the Offering Circular) or (B) sell, assign, transfer, lease, convey or otherwise
dispose of, to the Issuer or any Guarantor, all or Substantially All of the properties or assets of
the Company and its Subsidiaries taken as a whole to the extent such properties or assets are owned
by such Subsidiary Guarantor.

85

 

          (c) except for mergers contemplated on the Issue Date in connection with the UCI Transactions
which shall be explicitly permitted, the Issuer may not, directly or indirectly, consolidate,
amalgamate or merge with or into or wind up or convert into (whether or not the Issuer is the
surviving Person), or sell, assign, transfer, lease, convey or otherwise dispose of all or
Substantially All of the properties or assets of the Company and its Subsidiaries taken as a whole
in one or more related transactions, to any Person unless:

     (i) the Issuer is the surviving person or the Person formed by or surviving any such
consolidation, amalgamation, merger, winding up or conversion (if other than the Issuer) or
to which such sale, assignment, transfer, lease, conveyance or other disposition will have
been made is a corporation, partnership or limited liability company organized or existing
under the laws of the United States, the District of Columbia, or any state or territory
thereof (the Issuer or such Person, as the case may be, being herein called the “Successor
Issuer”); provided, however, that in the case where the surviving Person is not a
corporation, a co-obligor of the Notes is a corporation;

     (ii) the Successor Issuer (if other than the Issuer) expressly assumes all the
obligations of the Issuer under the Notes and this Indenture pursuant to supplemental
indentures or other documents or instruments in form satisfactory to the Trustee;

     (iii) immediately after giving effect to such transaction (and treating any
Indebtedness which becomes an obligation of the Successor Issuer or any of its Restricted
Subsidiaries as a result of such transaction as having been Incurred by the Successor Issuer
or such Restricted Subsidiary at the time of such transaction), no Default shall have
occurred and be continuing;

     (iv) immediately after giving pro forma effect to such transaction, as if such
transaction had occurred at the beginning of the applicable four-quarter period (and
treating any Indebtedness which becomes an obligation of the Successor Issuer or any of its
Restricted Subsidiaries as a result of such transaction as having been Incurred by the
Successor Issuer or such Restricted Subsidiary at the time of such transaction), either:

     (1) the Successor Issuer would be permitted to Incur at least $1.00 of
additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth
in Section 4.03(a); or

     (2) the Fixed Charge Coverage Ratio for the Company and its Restricted
Subsidiaries would be greater than such ratio for the Company and the Restricted
Subsidiaries immediately prior to such transaction;

     (v) if the Successor Issuer is not the Issuer, each Guarantor, unless it is the other
party to the transactions described above, shall have by supplemental indenture confirmed
that its obligations under this Indenture, the Notes and its Guarantee, as applicable, shall
apply to such Person’s obligations under this Indenture, the Notes and the Guarantee; and

     (vi) the Issuer shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that such consolidation, merger or amalgamation and

86

 

such supplemental indentures (if any) comply with this Indenture, provided that in
giving such opinion such counsel may rely on an Officers’ Certificate as to compliance with
the foregoing clauses (3) and (4) of this Section 5.01(c) and as to any matters of fact.

          The Successor Issuer (if other than the Issuer) will succeed to, and be substituted for, the
Issuer under this Indenture and in such event the Issuer will automatically be released and
discharged from its obligations under this Indenture. Notwithstanding the foregoing clauses (iii)
and (iv) of this Section 5.01(c), (A) any Restricted Subsidiary may merge, consolidate or
amalgamate with or transfer all or part of its properties and assets to the Issuer or to another
Restricted Subsidiary, and (B) the Issuer may merge, consolidate or amalgamate with an Affiliate
incorporated solely for the purpose of reincorporating the Issuer in the United States, the
District of Columbia, or any state or territory thereof, or may convert into a limited liability
company, so long as the amount of Indebtedness of the Issuer and the Restricted Subsidiaries is not
increased thereby. The provisions set forth in this Article V will not apply to a sale,
assignment, transfer, conveyance or other disposition of assets between or among the Company, the
Issuer and the Restricted Subsidiaries.

ARTICLE VI

Defaults and Remedies

          SECTION 6.01. Events of Default. An “Event of Default” occurs if:

     (a) there is a default in any payment of interest on any Note when the same becomes due
and payable, and such default continues for a period of 30 days;

     (b) there is a default in the payment of principal or premium, if any, of any Note when
due at its Stated Maturity, upon optional redemption, upon required repurchase, upon
required redemption, upon declaration or otherwise;

     (c) the Company or any Restricted Subsidiary fails to comply with its obligations under
Section 5.01;

     (d) the Company or any Restricted Subsidiaries fails to comply for 60 days after notice
with its agreements contained in the Notes or this Indenture (other than a failure to
repurchase Notes when required following an Asset Sale Offer or Change of Control Offer);

     (e) the Company or any Significant Subsidiary fails to pay any Indebtedness (other than
Indebtedness owing to the Company or a Restricted Subsidiary) within any applicable grace
period after final maturity or the acceleration of any such Indebtedness by the holders
thereof because of a default, in each case, if the total amount of such Indebtedness unpaid
or accelerated exceeds $25.0 million or its foreign currency equivalent;

     (f) the Company, a Significant Subsidiary or any Restricted Subsidiary that, directly
or indirectly, owns or holds any Equity Interest of the Issuer, pursuant to or within the
meaning of any Bankruptcy Law:

87

 

     (i) commences a voluntary case;

     (ii) consents to the entry of an order for relief against it in an involuntary case;

     (iii) consents to the appointment of a Custodian of it or for any substantial part of
its property; or

     (iv) takes any comparable action to that set forth in clause (i), (ii) or (iii) of this
Section 6.01(f) under any foreign laws relating to insolvency;

     (g) a court of competent jurisdiction enters an order or decree under any Bankruptcy
Law that:

     (i) is for relief against the Company, a Significant Subsidiary or any Restricted
Subsidiary that, directly or indirectly, owns or holds any Equity Interest of the Issuer, in
an involuntary case;

     (ii) appoints a Custodian of the Company, a Significant Subsidiary or any Restricted
Subsidiary that, directly or indirectly, owns or holds any Equity Interest of the Issuer, or
for any substantial part of its property; or

     (iii) orders the winding up or liquidation of the Company, a Significant Subsidiary or
any Restricted Subsidiary that, directly or indirectly, owns or holds any Equity Interest of
the Issuer;

and the order or decree remains unstayed and in effect for 60 days;

     (h) the Company or any Significant Subsidiary fails to pay final judgments aggregating
in excess of $25.0 million or its foreign currency equivalent (net of any amounts which are
covered by enforceable insurance policies issued by solvent carriers), which judgments are
not discharged, waived or stayed for a period of 60 days following the entry thereof; or

     (i) any Guarantee of a Significant Subsidiary (or any Guarantee of one or more
Guarantors that collectively would represent a Significant Subsidiary) ceases to be in full
force and effect (except as contemplated by the terms thereof or the terms of this
Indenture) or any Guarantor that qualifies as a Significant Subsidiary (or one or more
Guarantors that collectively would represent a Significant Subsidiary) denies or disaffirms
its obligations under this Indenture or any Guarantee and such Default continues for 20
days.

          The foregoing shall constitute Events of Default whatever the reason for any such Event of
Default and whether it is voluntary or involuntary or is effected by operation of law or pursuant
to any judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body.

          The term “Bankruptcy Law” means Title 11, United States Code, or any similar Federal, state or
non-US bankruptcy, insolvency, receivership or similar law for the relief of

88

 

debtors. The term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or
similar official under any Bankruptcy Law.

          A Default under clause (d) of this Section 6.01 (other than a failure to purchase Notes) shall
not constitute an Event of Default until the Trustee or the holders of 25% in principal amount of
outstanding Notes of such series notify the Issuer of the default and the Issuer does not cure or
cause the cure of such default within the time specified in clause (d) hereof, after receipt of
such notice. Such notice must specify the Default, demand that it be remedied and state that such
notice is a “Notice of Default”.

          The Company shall deliver to the Trustee (i) as soon as it becomes aware of the occurrence of
an Event of Default, written notice of the occurrence of such Event of Default and (ii) within 30
days after the occurrence thereof, written notice of any event which would constitute a Default
under clauses (c), (d), (e), (f) or (g) of this Section 6.01, their status and what action the
Company is taking or proposes to take in respect thereof.

          SECTION 6.02. Acceleration. If an Event of Default (other than an Event of Default
specified in Section 6.01(f) or (g) with respect to the Company or any Restricted Subsidiary that,
directly or indirectly, owns or holds any Equity Interest of the Issuer) occurs and is continuing,
the Trustee or the holders of at least 25% in principal amount of outstanding Notes by notice to
the Trustee and the Company may declare the principal of, premium, if any, and accrued but unpaid
interest (including additional interest, if any) on all the Notes to be due and payable. Upon such
a declaration, such principal and interest will be due and payable immediately. If an Event of
Default specified in Section 6.01(f) or (g) with respect to the Company or any Restricted
Subsidiary that, directly or indirectly, owns or holds any Equity Interest of the Issuer occurs,
the principal of, premium, if any, and interest on all the Notes will become immediately due and
payable without any declaration or other act on the part of the Trustee or any holders. The
Holders of a majority in principal amount of the Notes by notice to the Trustee may rescind an
acceleration and its consequences if the rescission would not conflict with any judgment or decree
and if all existing Events of Default have been cured or waived except nonpayment of principal or
interest that has become due solely because of acceleration. No such rescission shall affect any
subsequent Default or impair any right consequent thereto.

          In the event of any Event of Default specified in Section 6.01(e), such Event of Default and
all consequences thereof (excluding, however, any resulting payment default) will be annulled,
waived and rescinded, automatically and without any action by the Trustee or the holders of the
Notes, if within 20 days after such Event of Default arose the Issuer delivers an Officers’
Certificate to the Trustee stating that (x) the Indebtedness or guarantee that is the basis for
such Event of Default has been discharged or (y) the holders thereof have rescinded or waived the
acceleration, notice or action (as the case may be) giving rise to such Event of Default or (z) the
default that is the basis for such Event of Default has been cured, it being understood that in no
event shall an acceleration of the principal amount of the Notes as described above be annulled,
waived or rescinded upon the happening of any such events.

          SECTION 6.03. Other Remedies. If an Event of Default occurs and is continuing, the
Trustee may pursue any available remedy at law or in equity to collect the

89

 

payment of principal of or interest on the Notes or to enforce the performance of any
provision of the Notes or this Indenture.

          The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not
produce any of them in the proceeding. A delay or omission by the Trustee or any Holder in
exercising any right or remedy accruing upon an Event of Default shall not impair the right or
remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive
of any other remedy. To the extent required by law, all available remedies are cumulative.

          SECTION 6.04. Waiver of Past Defaults. The Holders of a majority in principal amount
of outstanding Notes by written notice to the Trustee may waive an existing Default and its
consequences except (a) a Default in the payment of the principal of or interest on a Note, (b) a
Default arising from the failure to redeem or purchase any Note when required pursuant to the terms
of this Indenture or (c) a Default in respect of a provision that under Section 9.02 cannot be
amended without the consent of the Holders of not less than 100% of the then outstanding aggregate
principal amount of the Notes. When a Default is waived, it is deemed cured and the Issuer, the
Guarantors, the Trustee and the Holders shall be restored to their former positions and rights
under this Indenture, but no such waiver shall extend to any subsequent or other Default or impair
any consequent right.

          SECTION 6.05. Control by Majority. The Holders of a majority in principal amount of
outstanding Notes 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. The Trustee, however, may refuse to follow any direction that conflicts with law or
this Indenture or, subject to Section 7.01, that the Trustee determines is unduly prejudicial to
the rights of any other Holder or that would involve the Trustee in personal liability. Prior to
taking any action under this Indenture, the Trustee will be entitled to indemnification
satisfactory to it in its sole discretion against all losses and expenses caused by taking or not
taking such action.

          SECTION 6.06. Limitation on Suits. (a) Subject to Section 7.01, in case an Event of
Default occurs and is continuing, the Trustee will be under no obligation to exercise any of the
rights or powers under this Indenture at the request or direction of any of the holders unless such
holders have offered to the Trustee indemnity or security satisfactory to it 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 may pursue any remedy with respect to this Indenture or the
Notes unless:

     (i) such Holder has previously given the Trustee notice that an Event of Default is
continuing,

     (ii) Holders of at least 25% in principal amount of the outstanding Notes have
requested the Trustee to pursue the remedy,

     (iii) such Holders have offered the Trustee security or indemnity satisfactory to it
against any loss, liability or expense,

90

 

     (iv) the Trustee has not complied with such request within 60 days after the receipt of
the request and the offer of security or indemnity, and

     (v) the Holders of a majority in principal amount of the outstanding Notes have not
given the Trustee a direction inconsistent with such request within such 60-day period.

          SECTION 6.07. Rights of the Holders to Receive Payment. Notwithstanding any other
provision of this Indenture, the right of any Holder to receive payment of principal of and
interest on the Notes held by such Holder, on or after the respective due dates expressed or
provided for in the Notes, or to bring suit for the enforcement of any such payment on or after
such respective dates, shall not be impaired or affected without the consent of the Holders of not
less than 100% of the then outstanding aggregate principal amount of the Notes.

          SECTION 6.08. Collection Suit by Trustee. If an Event of Default specified in
Section 6.01(a) or (b) occurs and is continuing, the Trustee may recover judgment in its own name
and as trustee of an express trust against the Issuer or any other obligor on the Notes for the
whole amount then due and owing (together with interest on overdue principal and (to the extent
lawful) on any unpaid interest at the rate provided for in the Notes) and the amounts provided for
in Section 7.06.

          SECTION 6.09. Trustee May File Proofs of Claim. The Trustee may file such proofs of
claim and other papers or documents as may be necessary or advisable in order to have the claims of
the Trustee (including any claim for contractually agreed compensation, reasonable expenses
disbursements and advances of the Trustee (including counsel, accountants, experts or such other
professionals as the Trustee deems necessary, advisable or appropriate)) and the Holders allowed in
any judicial proceedings relative to the Issuer or any Guarantor, their creditors or their
property, shall be entitled to participate as a member, voting or otherwise, of any official
committee of creditors appointed in such matters and, unless prohibited by law or applicable
regulations, may vote on behalf of the Holders in any election of a trustee in bankruptcy or other
Person performing similar functions, and any Custodian in any such judicial proceeding is hereby
authorized by each Holder to make payments to the Trustee and, in the event that the Trustee shall
consent to the making of such payments directly to the Holders, to pay to the Trustee any amount
due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and its counsel, and any other amounts due the Trustee under Section 7.06. To the extent
that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel, and any other amounts due the Trustee under Section 7.06 hereof out of the
estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured
by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and
other properties that the Holders may be entitled to receive in such proceeding whether in
liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein
contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on
behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting
the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim
of any Holder in any such proceeding.

91

 

          SECTION 6.10. Priorities. If the Trustee collects any money or property pursuant to
this Article VI, it shall pay out the money or property in the following order:

     FIRST: to the Trustee for amounts due under Section 7.06;

     SECOND: to the Holders for amounts due and unpaid on the Notes for principal, premium,
if any, and interest, ratably, without preference or priority of any kind, according to the
amounts due and payable on the Notes for principal and interest, respectively; and

     THIRD: to the Issuer or, to the extent the Trustee collects any amount for any
Guarantor, to such Guarantor.

          The Trustee may fix a record date and payment date for any payment to the Holders pursuant to
this Section 6.10 and shall notify the Issuer of such record date. At least 15 days before such
record date, the Issuer shall deliver to each Holder and the Trustee a notice that states the
record date, the payment date and amount to be paid.

          SECTION 6.11. Undertaking for Costs. In any suit for the enforcement of any right or
remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by
it as Trustee, a court in its discretion may require the filing by any party litigant in the suit
of an undertaking to pay the costs of the suit, and the court in its discretion may assess
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in
the suit, having due regard to the merits and good faith of the claims or defenses made by the
party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder
pursuant to Section 6.07 or a suit by Holders of more than 10% in principal amount of outstanding
Notes.

          SECTION 6.12. Waiver of Stay or Extension Laws. None of the Issuer or any Guarantor
(to the extent it may lawfully do so) shall at any time insist upon, or plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted,
now or at any time hereafter in force, which may affect the covenants or the performance of this
Indenture; and the Issuer and each Guarantor (to the extent that it may lawfully do so) hereby
expressly waives all benefit or advantage of any such law, and shall not hinder, delay or impede
the execution of any power herein granted to the Trustee, but shall suffer and permit the execution
of every such power as though no such law had been enacted.

          SECTION 6.13. Direction to Agents. Following the occurrence of an Event of Default
or a potential Event of Default, the Trustee may, by notice to the Agents, require them to act
under its direction.

ARTICLE VII

Trustee

          SECTION 7.01. Duties of Trustee. (a) If an Event of Default has occurred and is
continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture and use

92

 

the same degree of care and skill in its exercise as a prudent person would exercise or use
under the circumstances in the conduct of such person’s own affairs.

          (b) Except during the continuance of an Event of Default:

     (i) the Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture, and no implied covenants or obligations shall be
read into this Indenture against the Trustee (it being agreed that the permissive right of
the Trustee to do things enumerated in this Indenture shall not be construed as a duty); and

     (ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed therein, upon
certificates or opinions furnished to the Trustee and conforming to the requirements of this
Indenture. The Trustee shall be under no duty to make any investigation as to any statement
contained in any such instance, but may accept the same as conclusive evidence of the truth
and accuracy of such statement or the correctness of such opinions. However, in the case of
certificates or opinions required by any provision hereof to be provided to it, the Trustee
shall examine the certificates and opinions to determine whether or not they conform to the
form requirements of this Indenture (but need not confirm or investigate the truth or
accuracy of mathematical calculations or other facts, statements or opinions stated
therein).

          (c) The Trustee may not be relieved from liability for its own negligent action, its own
negligent failure to act or its own willful misconduct, except that:

     (i) this paragraph does not limit the effect of paragraph (b) of this Section 7.01;

     (ii) the Trustee shall not be liable for any error of judgment made in good faith by a
Trust Officer unless it is proved that the Trustee was negligent in ascertaining the
pertinent facts;

     (iii) the Trustee shall not be liable with respect to any action it takes or omits to
take in good faith in accordance with a direction received by it pursuant to Section 6.02 or
6.05; and

     (iv) no provision of this Indenture shall require the Trustee to expend or risk its own
funds or otherwise incur financial liability in the performance of any of its duties
hereunder or in the exercise of any of its rights or powers.

          (d) Every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b) and (c) of this Section 7.01.

          (e) The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Issuer or any Guarantor.

          (f) Money held by the Trustee need not be segregated from other funds except to the extent
required by law.

93

 

          SECTION 7.02. Rights of Trustee. Subject to Section 7.01:

          (a) The Trustee may conclusively rely on any document believed by it to be genuine and to
have been signed or presented by the proper person. The Trustee need not investigate any fact or
matter stated in the document.

          (b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate
or an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits
to take in good faith in reliance on the Officers’ Certificate or Opinion of Counsel.

          (c) The Trustee may act through agents and shall not be responsible for the misconduct or
negligence of any agent appointed with due care.

          (d) The Trustee shall not be liable for any action it takes or omits to take in good faith
which it believes to be authorized or within its rights or powers; provided, however, that the
Trustee’s conduct does not constitute willful misconduct or negligence.

          (e) The Trustee may consult with professional advisers and/or counsel of its own selection
and the advice or opinion of counsel with respect to legal matters relating to this Indenture and
the Notes or any other agreement referenced herein shall be full and complete authorization and
protection from liability in respect of any action taken, omitted or suffered by it hereunder in
good faith and in accordance with the advice or opinion of such professional advisers and/or
counsel.

          (f) The Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent,
order, approval, bond, debenture, note or other paper or document unless requested in writing to do
so by the Holders of not less than a majority in principal amount of outstanding Notes at the time
outstanding, but the Trustee, in its discretion, may make such further inquiry or investigation
into such facts or matters as it may see fit, and, if the Trustee shall determine to make such
further inquiry or investigation, it shall be entitled to examine the books, records and premises
of the Issuer, personally or by agent or attorney, at the expense of the Issuer and shall incur no
liability of any kind by reason of such inquiry or investigation.

          (g) The Trustee shall be under no obligation to exercise any of the rights or powers vested
in it by this Indenture at the request or direction of any of the Holders pursuant to this
Indenture, unless such Holders shall have offered to the Trustee security and/or indemnity
satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by
it in compliance with such request or direction.

          (h) The rights, privileges, protections, immunities and benefits given to the Trustee,
including without limitation its right to be indemnified and all other rights provided under this
Article VII, are extended to, and shall be enforceable by, Wilmington Trust FSB, as the Trustee and
in each of its other capacities hereunder.

          (i) The Trustee shall not be liable for any action taken or omitted by it in good faith at
the direction of the Holders of not less than a majority in principal amount of outstanding

94

 

Notes as to the time, method and place of conducting any proceedings for any remedy available
to the Trustee or the exercising of any power conferred by this Indenture.

          (j) Any action taken, or omitted to be taken, by the Trustee in good faith pursuant to this
Indenture upon the request or authority or consent of any person who, at the time of making such
request or giving such authority or consent, is the Holder of any Note shall be conclusive and
binding upon future Holders of Notes and upon Notes executed and delivered in exchange therefor or
in place thereof.

          (k) The Trustee shall have no duty to inquire as to the performance of the covenants of the
Company and its Subsidiaries in Article IV hereof, except with respect to Section 4.01 and shall be
entitled to assume that the Issuer has performed in accordance with all of the provisions of this
Indenture, unless otherwise notified to it in writing. Delivery of reports, information and
documents to the Trustee under Section 4.02 is for informational purposes only and the Trustee’s
receipt of the foregoing shall not constitute constructive notice of any information contained
therein or determinable from information contained therein, including compliance with any of the
covenants of the Company and its Subsidiaries hereunder (as to which the Trustee is entitled to
rely on Officers’ Certificates).

          (l) The Trustee shall not have any obligation or duty to monitor, determine or inquire as to
compliance, and shall not be responsible or liable for compliance with restrictions on transfer,
exchange, redemption, purchase or repurchase, as applicable, of minimum denominations imposed under
this Indenture or under applicable law or regulation with respect to any transfer, exchange,
redemption, purchase or repurchase, as applicable, of any interest in any Notes.

          (m) The Trustee is not required to give any bond or surety with respect to the performance of
its duties or the exercise of its powers under this Indenture or the Notes.

          (n) The Trustee shall not, under any circumstance be liable for any special or consequential
damages (being loss of business, goodwill, opportunity or profit of any kind) of the Issuer or any
Guarantor or any other Subsidiary of the Company or any other Person.

          (o) The Issuer shall deliver no later than the date of execution of this Indenture an
Officers’ Certificate setting forth the names of the individuals and/or titles of officers,
authorized at such time to take specified actions pursuant to this Indenture, which Officers’
Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any
person specified as so authorized in any such certificate previously delivered and not superseded,
and the Trustee shall be entitled to rely on the most recent Officers’ Certificate received.

          (p) The Trustee will not be liable if prevented or delayed in performing any of its
obligations by reason of any present or future law applicable to it, by any governmental or
regulatory authority or by any force majeure circumstances beyond its control.

          (q) In no event shall the Trustee be responsible or liable for any failure or delay in the
performance of its obligations hereunder arising out of, or caused by, directly or indirectly,
forces majeures beyond its control, including, without limitation, strikes, work stoppages,
accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes

95

 

or acts of God; it being understood that the Trustee shall use reasonable best efforts which
are consistent with accepted practices in the banking industry to resume performance as soon as
practicable under the circumstances.

          (r) The Trustee may refrain from taking any action in any jurisdiction if the taking of such
action in that jurisdiction would, in its opinion based upon legal advice in the relevant
jurisdiction, be contrary to any law of that jurisdiction or, to the extent applicable, of the
State of New York. Furthermore, the Trustee may also refrain from taking such action if it could
otherwise render it liable to any person in that jurisdiction or the State of New York or if, in
its opinion based upon such legal advice, it would not have the power to do the relevant thing in
that jurisdiction by virtue of any applicable law in that jurisdiction or in the State of New York
or if it is determined by any court or other competent authority in that jurisdiction or in the
State of New York that it does not have such power.

          SECTION 7.03. Individual Rights of Trustee. The Trustee in its individual or any
other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer or
its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent or
Registrar may do the same with like rights. However, the Trustee must comply with Section 7.09.

          SECTION 7.04. Trustee’s Disclaimer. The Trustee shall not be responsible for and
makes no representation as to the validity or adequacy of this Indenture, any Guarantee or the
Notes, it shall not be accountable for the Issuer’s use of the proceeds from the Notes, and it
shall not be responsible for any statement of the Issuer, the Company or any other Guarantor in
this Indenture or in any document issued in connection with the sale of the Notes or in the Notes
other than the Trustee’s certificate of authentication. The Trustee shall not be charged with
knowledge of any Default or Event of Default under Sections 6.01(c), (d), (e), (f), (g), (h) or (i)
or of the identity of any Significant Subsidiary unless a Trust Officer in the Corporate Trust
Office of the Trustee shall have received written notice thereof referencing this Indenture and the
applicable section of 6.01 hereof in accordance with Section 11.01 hereof from the Issuer, any
Guarantor or any Holder. In accepting the trust hereby created, the Trustee acts solely as Trustee
for the Holders of the Notes and not in its individual capacity and all persons, including the
Holders of Notes and the Issuer having any claim against the Trustee arising from this Indenture
shall look only to the funds and accounts held by the Trustee hereunder for payment except as
otherwise provided herein.

          SECTION 7.05. Notice of Defaults. If a Default occurs and is continuing and has been
notified to the Trustee, the Trustee must mail (or otherwise deliver in accordance with applicable
DTC procedures, as applicable) to each registered holder of Notes notice of the Default within the
earlier of 90 days after it occurs or 30 days after written notice of it is received by the
Trustee: provided that the Trustee may withhold such notice (except in the case a Default or Event
of Default in payment of principal of, premium on, if any, or interest, if any, on any Note) if and
so long as a committee of its Trust Officers in good faith determines that withholding the notice
is in the interests of the Holders of the Notes.

          SECTION 7.06. Compensation and Indemnity. (a) The Issuer, failing which the
Guarantors, shall pay to the Trustee and each Agent from time to time compensation for their

96

 

respective services as agreed in writing between the Issuer and the Trustee and each Agent
from time to time and, following the occurrence of an Event of Default or a potential Event of
Default, such additional fees and expenses as the Trustee deems to be appropriate. The Trustee’s
and each Agent’s compensation shall not be limited by any law on compensation of a trustee of an
express trust. The Issuer, failing which the Guarantors, shall reimburse the Trustee and each
Agent upon request for all properly incurred out-of-pocket expenses incurred or made by it,
including costs of collection, in addition to the compensation for its services. Such expenses
shall include the properly incurred compensation and expenses, disbursements and advances of the
Trustee’s and each Agent’s agents, counsel, accountants and experts. The Issuer and each
Guarantor, jointly and severally, shall indemnify the Trustee and each Agent (which in each case,
for purposes of this Section 7.06, shall include its officers, directors, employees, agents and
counsel) against any and all loss, liability, claim, taxes, costs, damage or expense (including
properly incurred attorneys’ fees and expenses) incurred by or in connection with the acceptance or
administration of this trust and the performance of its duties hereunder, including the costs and
expenses of enforcing this Indenture or Guarantee against the Issuer or a Guarantor (including this
Section 7.06) and defending itself against or investigating any claim (whether asserted by the
Issuer, any Guarantor, any Holder or any other Person). The obligation to pay such amounts shall
survive the payment in full or defeasance of the Notes or the removal or resignation of the Trustee
or the applicable Agent. The Trustee or the applicable Agent shall notify the Issuer of any claim
for which it may seek indemnity promptly upon obtaining actual knowledge thereof; provided,
however, that any failure so to notify the Issuer shall not relieve the Issuer or any Guarantor of
its indemnity obligations hereunder. The Issuer shall defend the claim and the indemnified party
shall provide reasonable cooperation at the Issuer’s expense in the defense. Such indemnified
parties may have separate counsel and the Issuer and the Guarantors, as applicable, shall pay the
fees and expenses of such counsel. The Issuer need not reimburse any expense or indemnify against
any loss, liability or expense incurred by an indemnified party solely through such party’s own
willful misconduct, negligence or bad faith.

          (b) To secure the payment obligations of the Issuer and the Guarantors in this Section 7.06,
the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the
Trustee other than money or property held to pay principal of and interest on particular Notes.

          (c) The Issuer’s and the Guarantors’ payment obligations pursuant to this Section 7.06 shall
survive the satisfaction or discharge of this Indenture, any rejection or termination of this
Indenture under any Bankruptcy Law or the resignation or removal of the Trustee. Without prejudice
to any other rights available to the Trustee under applicable law, when the Trustee incurs expenses
after the occurrence of a Default specified in Section 6.01(f) or (g) with respect to the Company
or the Issuer, the expenses are intended to constitute expenses of administration under the
Bankruptcy Law.

          (d) No provision of this Indenture shall require the Trustee to expend or risk its own funds
or otherwise incur any financial liability in the performance of any of its duties hereunder, or in
the exercise of any of its rights or powers, if adequate indemnity against such risk or liability
is not assured to its satisfaction.

97

 

          For the avoidance of doubt, the rights, privileges, protections, immunities and benefits given
to the Trustee in this Section 7.06, including its rights to be indemnified, are extended to, and
shall be enforceable by, the Trustee and by each Agent.

          SECTION 7.07. Replacement of Trustee or Agent. (a) The Trustee and any Agent may
resign at any time by so notifying the Issuer. The Holders of a majority in principal amount of
outstanding Notes may remove the Trustee or any Agent by so notifying the Trustee or such Agent and
may appoint a successor Trustee or Agent. The Issuer shall remove the Trustee or any Agent if:

     (i) the Trustee or such Agent fails to comply with Section 7.09;

     (ii) the Trustee or such Agent is adjudged bankrupt or insolvent;

     (iii) a receiver or other public officer takes charge of the Trustee or such Agent or
its property; or

     (iv) the Trustee or such Agent otherwise becomes incapable of acting.

          (b) If the Trustee resigns, is removed by the Issuer or by the Holders of a majority in
principal amount of outstanding Notes and such Holders do not reasonably promptly appoint a
successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in
such event being referred to herein as the retiring Trustee), the Issuer shall promptly appoint a
successor Trustee.

          (c) A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Issuer. Thereupon the resignation or removal of the retiring Trustee shall
become effective, and the successor Trustee shall have all the rights, powers and duties of the
Trustee under this Indenture. The successor Trustee shall deliver a notice of its succession to
the Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to
the successor Trustee, subject to the Lien provided for in Section 7.06(b).

          (d) If a successor Trustee or Agent, as applicable, does not take office within 60 days after
the retiring Trustee resigns or is removed, (i) the retiring Trustee or Agent, as applicable, or
the Holders of 10% in principal amount of outstanding Notes may petition at the expense of the
Issuer any court of competent jurisdiction for the appointment of a successor Trustee or (ii) the
retiring Trustee or Agent, as applicable, may appoint a successor Trustee or Agent, as applicable,
at any time prior to the date on which a successor Trustee or Agent, as applicable, takes office;
provided that such appointment shall be reasonably satisfactory to the Issuer.

          (e) If the Trustee fails to comply with Section 7.09, any Holder who has been a bona fide
Holder of a Note for at least six months may petition any court of competent jurisdiction for the
removal of the Trustee and the appointment of a successor Trustee.

          (f) Notwithstanding the replacement of the Trustee pursuant to this Section 7.07, the
Issuer’s or the Guarantors’ obligations under Section 7.06 shall continue for the benefit of the
retiring Trustee or Agent, as applicable.

98

 

          SECTION 7.08. Successor Trustee by Merger. If the Trustee consolidates with, merges
or converts into, or transfers all or Substantially All of its corporate trust business or assets
to, another corporation or banking association, the resulting, surviving or transferee corporation
without any further act shall be the successor Trustee.

          In case at the time such successor or successors by merger, conversion or consolidation to the
Trustee shall succeed to the trusts created by this Indenture any of the Notes shall have been
authenticated but not delivered, any such successor to the Trustee may adopt the certificate of
authentication of any predecessor trustee, and deliver such Notes so authenticated; and in case at
that time any of the Notes shall not have been authenticated, any successor to the Trustee may
authenticate such Notes either in the name of any predecessor hereunder or in the name of the
successor to the Trustee; and in all such cases such certificates shall have the full force which
it is anywhere in the Notes or in this Indenture provided that the certificate of the Trustee shall
have; provided, however, that the right to adopt the certificate of authentication of any
predecessor Trustee or to authenticate Notes in the name of any predecessor Trustee shall apply
only to its successor or successors by merger, conversion or consolidation.

          SECTION 7.09. Eligibility; Disqualification. This Indenture shall at all times have
a Trustee that is an entity organized and doing business under the laws of the United States or any
state thereof that is authorized under such laws to exercise corporate trustee power and that is
subject to supervision or examination by federal or state authorities. The Trustee shall have a
combined capital and surplus of at least $50,000,000 as set forth in its most recent published
annual report of condition. No obligor under the Notes or Person directly controlling, controlled
by, or under common control with such obligor shall serve as Trustee.

ARTICLE VIII

Discharge of Indenture; Defeasance

          SECTION 8.01. Discharge of Liability on Notes; Defeasance. This Indenture shall be
discharged and shall cease to be of further effect (except as to surviving rights of registration
of transfer or exchange of Notes, as expressly provided for in this Indenture, or the obligations
of a Payor to pay Additional Amounts applicable to any payment with respect to the Notes or any
Guarantee) as to all outstanding Notes when:

     (a) either (i) all the Notes theretofore authenticated and delivered (except lost,
stolen or destroyed Notes which have been replaced or paid and Notes for whose payment money
has theretofore been deposited in trust or segregated and held by the Issuer and thereafter
repaid to the Issuer or discharged from such trust) have been delivered to the Trustee for
cancellation or (ii) all of the Notes (A) have become due and payable, (B) will become due
and payable at their stated maturity within one year or (C) if redeemable at the option of
the Issuer, are to be called for redemption within one year under arrangements satisfactory
to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the
expense, of the Issuer, and the Issuer has irrevocably deposited or caused to be deposited
with the Trustee funds in an amount sufficient to pay and discharge the entire Indebtedness
on the Notes not theretofore delivered to the Trustee for cancellation, for principal of,
premium, if any, and interest on

99

 

the Notes to the date of deposit together with irrevocable instructions from the Issuer directing the
Trustee to apply such funds to the payment thereof at maturity or redemption, as the case
may be;

     (b) the Issuer or the Guarantors have paid all other sums payable under this Indenture;
and

     (c) the Issuer has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel stating that all conditions precedent under this Indenture relating to the
satisfaction and discharge of this Indenture have been complied with; provided, however,
that any counsel may rely on an Officers’ Certificate as to matters of fact.

Notwithstanding clauses (a) and (b) above, the Issuer’s, the Company’s and the other
Guarantors’ obligations, as applicable, in Sections 2.04, 2.05, 2.06, 2.07, 2.08, 2.09,
4.14, 7.06, 7.07, 10.08 and in this Article VIII shall survive until the Notes have been
paid in full. Thereafter, the Issuer’s, the Company’s and the other Guarantors’
obligations, as applicable, in Sections 7.06 and 8.05 and shall survive such satisfaction
and discharge.

          Subject to the preceding paragraph and Section 8.02, the Issuer at any time may terminate (i)
all of its obligations under the Notes and this Indenture (with respect to such Notes) (“legal
defeasance option”) or (ii) its obligations under Sections 4.02, 4.03, 4.04, 4.05, 4.06, 4.07,
4.08, 4.09, 4.11, 4.12, 4.15 and the operation of Section 5.01 and Sections 6.01(c), 6.01(d) (with
respect to the foregoing Sections of Article IV only), 6.01(e), 6.01(f) (with respect to
Significant Subsidiaries only), 6.01(g) (with respect to Significant Subsidiaries only), and
6.01(h) (“covenant defeasance option”). The Issuer may exercise its legal defeasance option
notwithstanding its prior exercise of its covenant defeasance option. In the event that the Issuer
terminates all of its obligations under the Notes and this Indenture (with respect to such Notes)
by exercising its legal defeasance option or its covenant defeasance option, each Guarantor will be
released from all of its obligations with respect to its Guarantee.

          If the Issuer exercises its legal defeasance option, payment of the Notes may not be
accelerated because of an Event of Default with respect thereto. If the Issuer exercises its
covenant defeasance option, payment of the Notes may not be accelerated because of an Event of
Default specified in Section 6.01(c), 6.01(d), 6.01(e), 6.01(f) (with respect to Significant
Subsidiaries only), 6.01(g) (with respect only to Significant Subsidiaries) or 6.01(h).

          Upon satisfaction of the conditions set forth herein and upon request of the Issuer, the
Trustee shall acknowledge in writing the discharge of those obligations that the Issuer terminates.

          SECTION 8.02. Conditions to Defeasance. (a) The Issuer may exercise its legal
defeasance option or its covenant defeasance option only if:

     (i) the Issuer irrevocably deposits with the Trustee money in US Dollars, the principal
of and the interest on which shall be sufficient, or a combination thereof sufficient, to
pay the principal of and premium (if any) and interest on the Notes when due at maturity or
redemption, as the case may be, including interest thereon to maturity or such redemption
date;

100

 

     (ii) the Issuer delivers to the Trustee a certificate from a nationally recognized firm
of independent accountants expressing their opinion that the payments of principal and
interest when due and without reinvestment on the deposited US Dollars, plus any deposited
money without investment shall provide cash at such times and in such amounts as shall be
sufficient to pay principal, premium, if any, and interest when due on all the Notes to
maturity or redemption, as the case may be;

     (iii) 90 days pass after the deposit is made and during the 90-day period no Default
specified in Section 6.01(f) or (g) with respect to the Company or the Issuer occurs which
is continuing at the end of the period;

     (iv) the deposit does not constitute a default under any other material agreement
binding on the Issuer or the Company;

     (v) in the case of the legal defeasance option, the Issuer shall have delivered to the
Trustee an Opinion of Counsel stating that (1) the Issuer has received from, or there has
been published by, the Internal Revenue Service a ruling, or (2) since the date of this
Indenture there has been a change in the applicable US federal income tax law, in either
case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the
Holders shall not recognize income, gain or loss for US federal income tax purposes as a
result of such deposit and defeasance and shall be subject to US federal income tax on the
same amounts, in the same manner and at the same times as would have been the case if such
deposit and defeasance had not occurred; provided, however, the Opinion of Counsel required
with respect to a legal defeasance need not be delivered if all Notes not theretofore
delivered to the Trustee for cancellation have become due and payable;

     (vi) in the case of the covenant defeasance option, the Issuer shall have delivered to
the Trustee an Opinion of Counsel to the effect that the Holders shall not recognize income,
gain or loss for US Federal income tax purposes as a result of such deposit and defeasance
and shall be subject to US Federal income tax on the same amounts, in the same manner and at
the same times as would have been the case if such deposit and defeasance had not occurred;
and

     (vii) the Issuer delivers to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent to the defeasance and discharge of the
Notes to be so defeased and discharged as contemplated by this Article VIII have been
complied with.

          (b) Before or after a deposit, the Issuer may make arrangements satisfactory to the Trustee
for the redemption of such Notes at a future date in accordance with Article III.

          SECTION 8.03. Application of Trust Money. The Trustee shall hold money or deposited
with it pursuant to this Article VIII. It shall apply the deposited money through the Paying Agent
and in accordance with this Indenture to the payment of principal of and interest on the Notes so
discharged or defeased.

          SECTION 8.04. Repayment to the Issuer. Each of the Trustee and the Paying Agent
shall promptly pay to the Issuer upon request an amount equal to any money held by it as

101

 

provided in this Article VIII which, are in excess of the amount thereof which would then be
required to be deposited to effect an equivalent discharge or defeasance in accordance with this
Article VIII.

          Subject to any applicable abandoned property law, the Trustee and the Paying Agent shall pay
to the Issuer upon written request any money held by them for the payment of principal or interest
that remains unclaimed for two years, and, thereafter, Holders entitled to the money must look to
the Issuer for payment as general creditors, and the Trustee and the Paying Agent shall have no
further liability with respect to such monies.

          SECTION 8.05. Reinstatement. If the Trustee or the Paying Agent is unable to apply
any money in accordance with this Article VIII by reason of any legal proceeding or by reason of
any order or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, the Issuer’s and the Guarantors’ obligations under this Indenture and
the Notes so discharged or defeased shall be revived and reinstated as though no deposit had
occurred pursuant to this Article VIII until such time as the Trustee or the Paying Agent is
permitted to apply all such money in accordance with this Article VIII; provided, however, that, if
the Issuer or any Guarantor has made any payment of principal of or interest on, any such Notes
because of the reinstatement of the Issuer’s obligations, the Issuer or such Guarantor, as the case
may be, shall be subrogated to the rights of the Holders of such Notes to receive such payment from
the money held by the Trustee or the Paying Agent.

ARTICLE IX

Amendments and Waivers

          SECTION 9.01. Without Consent of the Holders. (a) The Issuer, the Company and the
Trustee may amend this Indenture and the Notes:

     (i) to cure any ambiguity, omission, mistake, defect or inconsistency;

     (ii) to give effect to any provision of this Indenture (including, without limitation,
the release of any Guarantees in accordance with the terms of Section 10.06);

     (iii) to comply with Article V;

     (iv) to provide for the assumption by a Successor Issuer or a Successor Holding
Company, as applicable, of the obligations of the Issuer or the Company, as applicable,
under this Indenture and the Notes, to provide for the assumption by a Successor Guarantor
of the obligations of a Guarantor under this Indenture and its Guarantee;

     (v) to provide for uncertificated Notes in addition to or in place of certificated
Notes (provided that the uncertificated Notes are issued in registered form for purposes of
Section 163(f) of the Code);

     (vi) to add a Guarantee with respect to the Notes;

     (vii) to provide for collateral for the Notes in accordance with Section 4.12;

102

 

     (viii) to add to the covenants of the Company and its Subsidiaries for the benefit of
the Holders or to surrender any right or power conferred upon the Issuer or the Company;

     (ix) to make any change that does not adversely affect the rights of any Holder;

     (x) to evidence and give effect to the acceptance and appointment under this Indenture
of a successor Trustee;

     (xi) to provide for the accession of the Trustee to any instrument in connection with
the Notes;

     (xii) to make certain changes to this Indenture to provide for the issuance of
Additional Notes; or

     (xiii) to comply with any requirement of the SEC in connection with the qualification
of this Indenture under the Trust Indenture Act, if such qualification is required.

          Before entering into any such amendment or supplemental indenture, the Trustee shall be
entitled to require and rely absolutely on an Opinion of Counsel and an Officers’ Certificate.

          After an amendment under this Section 9.01 becomes effective, the Issuer shall mail (or
otherwise deliver in accordance with applicable DTC procedures) to the Holders a notice briefly
describing such amendment. However, the failure to give such notice to all Holders entitled to
receive such notice, or any defect therein, shall not impair or affect the validity of the
amendment under this Section 9.01.

          SECTION 9.02. With Consent of the Holders. (a) The Issuer, the Company and the
Trustee may amend this Indenture and the Notes with the consent of the holders of a majority in
principal amount of the Notes then outstanding (including consents obtained in connection with a
tender offer or exchange for the Notes) and any past default or compliance with any provisions may
be waived with the consent of the holders of a majority in principal amount of the Notes then
outstanding; provided, however, that without the consent of each holder of an outstanding Note
affected, no amendment may, among other things:

     (i) reduce the amount of Notes whose holders must consent to an amendment;

     (ii) reduce the rate of or extend the time for payment of interest on any Note;

     (iii) reduce the principal of or extend the Stated Maturity of any Note;

     (iv) reduce the premium or amount payable upon the redemption of any Note, change the
time at which any Note may be redeemed in accordance with Article III of this Indenture or
Section 5 of the Notes;

     (v) make any Note payable in money other than that stated in such Note;

103

 

     (vi) expressly subordinate the Notes or any Guarantee to any other Indebtedness of the
Company, the Issuer or any Subsidiary Guarantor not otherwise permitted by this Indenture;

     (vii) impair the right of any holder to receive payment of principal of, premium, if
any, and interest on such holder’s Notes 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 Notes;

     (viii) make any change in Section 6.04 or the proviso at the end of the first sentence
of this Section 9.02;

     (ix) make any change in Sections 4.14 or 10.08 of this Indenture or Section 6 or
Section 10 of the Notes that adversely affects the rights of any Holder to receive payments
of Additional Amounts pursuant to such provisions or amend the terms of the Notes or this
Indenture in a way that would result in the loss of an exemption from any of the Taxes
described thereunder that are required to be withheld or deducted by any Relevant Taxing
Jurisdiction from any payments made on the Note or any Guarantees by the Payors, unless the
Company or any Restricted Subsidiary agrees to pay any Additional Amounts that arise as a
result; provided that for purposes of this clause (x) a “Relevant Taxing Jurisdiction”
shall include the United States.

          It shall not be necessary for the consent of the Holders under this Section 9.02 to approve
the particular form of any proposed amendment, but it shall be sufficient if such consent approves
the substance thereof.

          After an amendment under this Section 9.02 becomes effective, the Issuer shall mail (or
otherwise deliver in accordance with applicable DTC procedures) to the Holders a notice briefly
describing such amendment. However, the failure to give such notice to all Holders entitled to
receive such notice, or any defect therein, shall not impair or affect the validity of the
amendment under this Section 9.02.

          SECTION 9.03. Revocation and Effect of Consents and Waivers. (a) A consent to an
amendment or a waiver by a Holder of a Note shall bind the Holder and every subsequent Holder of
that Note or portion of the Note that evidences the same debt as the consenting Holder’s Note, even
if notation of the consent or waiver is not made on the Note. However, any such Holder or
subsequent Holder may revoke the consent or waiver as to such Holder’s Note or portion of the Note
if the Trustee receives the notice of revocation before the date on which the Trustee receives an
Officers’ Certificate from the Issuer certifying that the requisite principal amount of Notes have
consented. After an amendment or waiver becomes effective, it shall bind every Holder. An
amendment or waiver becomes effective upon the (i) receipt by the Issuer or the Trustee of consents
by the Notes of the requisite principal amount of Notes, (ii) satisfaction of conditions to
effectiveness as set forth in Section 11.01 and any indenture supplemental hereto containing such
amendment or waiver and (iii) execution of such amendment or waiver (or supplemental indenture) by
the Issuer and the Trustee.

          (b) The Issuer may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders entitled to give their consent or take any other action described above

104

 

or required or permitted to be taken pursuant to this Indenture. If a record date is fixed,
then notwithstanding clause (a) of this Section 9.03, those Persons who were Holders at such record
date (or their duly designated proxies), and only those Persons, shall be entitled to give such
consent or to revoke any consent previously given or to take any such action, whether or not such
Persons continue to be Holders after such record date. No such consent shall be valid or effective
for more than 120 days after such record date.

          SECTION 9.04. Notation on or Exchange of Notes. If an amendment, supplement or
waiver changes the terms of a Note, the Issuer may require the Holder of the Note to deliver it to
the Trustee. The Trustee may place an appropriate notation on the Note regarding the changed terms
and return it to the Holder. Alternatively, if the Issuer or the Trustee so determines in exchange
for the Note, the Issuer shall issue and the Trustee shall authenticate a new Note that reflects
the changed terms. Failure to make the appropriate notation or to issue a new Note shall not
affect the validity of such amendment, supplement or waiver.

          SECTION 9.05. Trustee to Sign Amendments. The Trustee shall sign any amendment,
supplement or waiver authorized pursuant to this Article IX if the amendment does not adversely
affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may
but need not sign it. In signing such amendment, the Trustee shall be entitled to receive
indemnity or security satisfactory to it and shall be provided with, and (subject to Section 7.01)
shall be fully protected in relying upon, an Officers’ Certificate and an Opinion of Counsel
stating that such amendment, supplement or waiver is authorized or permitted by this Indenture and
that such amendment, supplement or waiver is the legal, valid and binding obligation of the Issuer
and the Guarantors, enforceable against them in accordance with its terms, subject to customary
exceptions, and complies with the provisions hereof.

          SECTION 9.06. Payment for Consent. The Issuer and each Affiliate of the Issuer shall
not, directly or indirectly, pay or cause to be paid any consideration, whether by way of interest,
fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any
of the terms or provisions of this Indenture or the Notes unless such consideration is offered to
be paid to all Holders that so consent, waive or agree to amend in the time frame set forth in
solicitation documents relating to such consent, waiver or agreement.

          SECTION 9.07. Compliance with the Trust Indenture Act. All amendments and
supplements shall comply with the Trust Indenture Act if, at the time of any such amendment,
supplement or waiver, the Trust Indenture Act is applicable to this Indenture. In the event the
Notes are registered with the SEC pursuant to the Registration Rights Agreement, the Trust
Indenture Act shall govern this Indenture.

ARTICLE X

Guarantees

          SECTION 10.01. Guarantees. (a) Each Guarantor hereby unconditionally and
irrevocably guarantees, jointly and severally, on a senior basis, to each Holder and to the Trustee
and its successors and assigns (i) the full and punctual payment of principal of and interest on
the Notes when due, whether at maturity, by acceleration, by redemption or otherwise, and all other

105

 

monetary obligations of the Issuer under this Indenture and the Notes and (ii) the full and
punctual performance within applicable grace periods of all other obligations of the Issuer under
this Indenture and the Notes (all the foregoing being hereinafter collectively called the
“Guaranteed Obligations”), subject to the limitations imposed by applicable local law and the other
limitations imposed by the terms of this Indenture. Each Guarantor further agrees that the
Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further
assent from such Guarantor and that such Guarantor will remain bound under this Article X
notwithstanding any extension or renewal of any Guaranteed Obligation.

          (b) Each Guarantor waives presentation to, demand of, payment from and protest to the Issuer
of any of the Guaranteed Obligations and also waives notice of protest for nonpayment. Each
Guarantor waives notice of any default under the Notes or the Guaranteed Obligations. The
obligations of each Guarantor hereunder shall not be affected by (1) the failure of any Holder or
the Trustee to assert any claim or demand or to enforce any right or remedy against the Issuer or
any other Person (including any Guarantor) under this Indenture, the Notes or any other agreement
or otherwise; (2) any extension or renewal of any thereof; (3) any rescission, waiver, amendment or
modification of any of the terms or provisions of this Indenture, the Notes or any other agreement;
(4) the release of any security held by any Holder or the Trustee for the Guaranteed Obligations or
any of them; (5) the failure of any Holder or the Trustee to exercise any right or remedy against
any other guarantor of the Guaranteed Obligations; or (6) except as set forth in Section 10.06, any
change in the ownership of such Guarantor.

          (c) Each Guarantor further agrees that its Guarantee herein constitutes a guarantee of
payment, performance and compliance when due (and not a guarantee of collection) and waives any
right to require that any resort be had by any Holder or the Trustee to any security held for
payment of the Guaranteed Obligations.

          (d) Except as expressly set forth in Article 8 and Sections 10.02 and 10.06, the obligations
of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or
termination for any reason, including any claim of waiver, release, surrender, alteration or
compromise, and shall not be subject to any defense of setoff, counterclaim, recoupment or
termination whatsoever or by reason of the invalidity, illegality or unenforceability of the
Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the
obligations of each Guarantor herein shall not be discharged or impaired or otherwise affected by
the failure of any Holder or the Trustee to assert any claim or demand or to enforce any remedy
under this Indenture, the Notes or any other agreement, by any waiver or modification of any
thereof, by any default, failure or delay, willful or otherwise, in the performance of the
obligations, or by any other act or thing or omission or delay to do any other act or thing which
may or might in any manner or to any extent vary the risk of such Guarantor or would otherwise
operate as a discharge of such Guarantor as a matter of law or equity.

          (e) Each Guarantor further agrees that its Guarantee herein shall continue to be effective or
be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of or
interest on any Obligation is rescinded or must otherwise be restored by any Holder or the Trustee
upon the bankruptcy or reorganization of the Issuer or otherwise.

106

 

          (f) In furtherance of the foregoing and not in limitation of any other right which any Holder
or the Trustee has at law or in equity against any Guarantor by virtue hereof, upon the failure of
the Issuer to pay the principal of or interest on any Guaranteed Obligation when and as the same
shall become due, whether at maturity, by acceleration, by redemption or otherwise, or to perform
or comply with any other Guaranteed Obligation, each Guarantor hereby promises to and shall, upon
receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the
Holders or the Trustee an amount equal to the sum of (A) the unpaid amount of such Guaranteed
Obligations, (B) accrued and unpaid interest and premiums (if any) on such Guaranteed Obligations
(but only to the extent not prohibited by law) and (C) all other monetary Guaranteed Obligations of
the Issuer to the Holders and the Trustee.

          (g) Each Guarantor agrees that, as between it, on the one hand, and the Holders and the
Trustee, on the other hand, (i) the maturity of the Guaranteed Obligations hereby may be
accelerated as provided in Article VI for the purposes of such Guarantor’s Guarantee herein,
notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect
of the Guaranteed Obligations guaranteed hereby, and (ii) in the event of any declaration of
acceleration of such Guaranteed Obligations as provided in Article VI, such Guaranteed Obligations
(whether or not due and payable) shall forthwith become due and payable by such Guarantor for the
purposes of this Section 10.01.

          (h) Each Guarantor also agrees to pay any and all costs and expenses (including reasonable
attorneys’ fees and expenses) incurred by the Trustee or any Holder in enforcing any rights under
this Section 10.01.

          SECTION 10.02. Limitation on Liability. Any term or provision of this Indenture to
the contrary notwithstanding, the maximum aggregate amount of the Guaranteed Obligations guaranteed
hereunder by any Guarantor shall not exceed the maximum amount that can be hereby guaranteed
without rendering this Indenture, as it relates to such Guarantor, voidable under applicable law
relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of
creditors generally.

          SECTION 10.03. Successors and Assigns. This Article X shall be binding upon each
Guarantor and its successors and shall inure to the benefit of and be enforceable by the
successors, transferees and assigns of the Trustee and the Holders and, in the event of any
transfer or assignment of rights by any Holder or the Trustee, the rights and privileges conferred
upon that party in this Indenture and in the Notes shall automatically extend to and be vested in
such transferee or assignee, all subject to the terms and conditions of this Indenture. Each
Guarantee shall be a continuing guarantee and shall, subject to Section 10.06, remain in full force
and effect until the payment in full of the Guaranteed Obligations.

          SECTION 10.04. No Waiver. Neither a failure nor a delay on the part of either the
Trustee or the Holders in exercising any right, power or privilege under this Article X shall
operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or
further exercise of any right, power or privilege. The rights, remedies and benefits of the
Trustee and the Holders herein expressly specified are cumulative and not exclusive of any other
rights, remedies or benefits which either may have under this Article X at law, in equity, by
statute or otherwise.

107

 

          SECTION 10.05. Modification. No modification, amendment or waiver of any provision
of this Article X, nor the consent to any departure by any Guarantor therefrom, shall in any event
be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or
consent shall be effective only in the specific instance and for the purpose for which given. No
notice to or demand on any Guarantor in any case shall entitle such Guarantor to any other or
further notice or demand in the same, similar or other circumstances.

          SECTION 10.06. Release of Guarantor. A Guarantee of a Subsidiary Guarantor will be
automatically released upon (x) receipt by the Trustee of a notification from the Issuer or the
Company that such Guarantee be released and (y) the occurrence of any of the following:

     (a) the consummation of any transaction permitted by this Indenture as a result of
which such Subsidiary Guarantor ceases to be a Restricted Subsidiary;

     (b) the release or discharge of the guarantee or other obligation by such Subsidiary
Guarantor of the Senior Secured Credit Facilities or such other guarantee or other
obligation that resulted in the creation of such Guarantee, except a release or discharge by
or as a result of payment under such guarantee;

     (c) the Company designating such Subsidiary Guarantor to be an Unrestricted Subsidiary
in accordance with Section 4.04 and the definition of “Unrestricted Subsidiary”;

     (d) the Issuer’s exercise of its legal defeasance option or covenant defeasance option
as described under Article VIII or if the Issuer’s obligations under this Indenture are
otherwise discharged in accordance with the terms of this Indenture; or

     (e) the transfer or sale of the equity interests of such Subsidiary Guarantor pursuant
to an enforcement action.

          A Guarantee of a Guarantor will also be released as provided in Section 5.01.

          Upon the occurrence of any event set forth by this Section 10.06, the Issuer shall deliver to
the Trustee an Officers’ Certificate stating that all conditions precedent provided for in this
Indenture relating to the release of the relevant Guarantor have been complied with. Upon any
occurrence specified in this Section 10.06, the Trustee shall, at the instruction of and at the
cost of the Issuer, execute any documents reasonably requested of it to evidence such release.

          SECTION 10.07. Contribution. Each Guarantor that makes a payment under its Guarantee
shall be entitled upon payment in full of all Guaranteed Obligations under this Indenture to a
contribution from each other Guarantor in an amount equal to such other Guarantor’s pro rata
portion of such payment based on the respective net assets of all the Guarantors at the time of
such payment determined in accordance with GAAP.

          SECTION 10.08. Withholding Taxes. (a) All payments made by any Guarantor or any
successor in interest to any Guarantor (each, a “Payor”) on or with respect to the Notes or any
Guarantee will be made without withholding or deduction for, or on account of, any Taxes

108

 

unless such withholding or deduction is required by law. If any withholding or deduction for,
or on account of, any Taxes imposed or levied by or on behalf of:

     (i) any jurisdiction (other than the United States or any political subdivision or
governmental authority thereof or therein having the power to tax) from or through which
payment on or with respect to the Notes or any Guarantee is made by a Payor, or any
political subdivision or governmental authority thereof or therein having the power to tax;
or

     (ii) any other jurisdiction (other than the United States or any political subdivision
or governmental authority thereof or therein having the power to tax) in which a Payor that
actually makes a payment on or with respect to the Notes or any Guarantee is organized or
otherwise considered to be a resident for tax purposes, or any political subdivision or
governmental authority thereof or therein having the power to tax,

          (each of clause (i) and (ii) of this Section 10.08(a), a “Relevant Taxing Jurisdiction”), is
at any time required from any payment made by a Payor on or with respect to the Notes or any
Guarantee, including payments of principal, redemption price, interest or premium, if any, then the
relevant Payor will pay (together with such payment) such additional amounts (the “Additional
Amounts”) as may be necessary in order that the net amounts received in respect of such payment by
a noteholder or the Trustee, as the case may be, after such withholding or deduction (including any
such withholding or deduction from such Additional Amounts), will not be less than the amount that
would have been received in respect of such payment on the Notes or Guarantee in the absence of
such withholding or deduction; provided, however, that no such Additional Amounts will be payable
for or on account of:

     (1) any Taxes that would not have been so imposed or levied but for the
existence of any present or former connection between the relevant noteholder (or
between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor
of power over the relevant noteholder, if such noteholder is an estate, nominee,
trust, partnership, limited liability company or corporation) and the Relevant
Taxing Jurisdiction (including being a citizen or resident or national of, or
carrying on a business or maintaining a permanent establishment in, or being
physically present in, the Relevant Taxing Jurisdiction) but excluding, in each
case, any connection arising solely from the acquisition, ownership or holding of a
Note or the receipt of any payment in respect thereof;

     (2) any Taxes that would not have been so imposed or levied if the relevant
noteholder (or a fiduciary, settlor, beneficiary, member or shareholder of, or
possessor of power over, the relevant noteholder, if such noteholder is an estate,
nominee, trust, partnership, limited liability company or corporation) had complied
with a reasonable request in writing of the Payor (such request being made at a
time that would enable such Person acting reasonably to comply with that request)
to make a declaration of nonresidence or any other claim or filing or satisfy any
certification, information or reporting requirement for exemption from, or
reduction in the rate of, withholding to which it is entitled (provided that such
declaration of nonresidence or other claim, filing or requirement is

109

 

required by the applicable law, treaty, regulation or administrative practice
of the Relevant Taxing Jurisdiction as a precondition to exemption from the
requirement to deduct or withhold all or a part of any such Taxes);

     (3) any Taxes that are payable otherwise than by withholding from a payment by
a Payor of the principal of, premium, if any, or interest under the Notes or any
Guarantee;

     (4) any estate, inheritance, gift, sales, excise, transfer, personal property
or similar Tax;

     (5) any Taxes that are required to be deducted or withheld on a payment
pursuant to the European Union Directive 2003/48/EC regarding the taxation of
savings income (the “Directive”) or any law implementing, or introduced in order to
conform to, the Directive;

     (6) except in the case of the liquidation, dissolution or winding-up of the
Payor, any Taxes imposed in connection with a Note presented for payment by or on
behalf of a noteholder or beneficial owner to the extent such Taxes could have been
avoided by presenting such Note to, or otherwise accepting payment from, another
paying agent in a member state of the European Union; or

     (7) any combination of the above.

     Such Additional Amounts will also not be payable (x) if the payment could have been made
without such deduction or withholding if the beneficiary of the payment had presented the Note for
payment (where presentation is required) within 30 days after the relevant payment was first made
available for payment to the noteholder or (y) where, had the beneficial owner of the Note been the
holder of the Note, such beneficial owner would not have been entitled to payment of Additional
Amounts by reason of any of clauses (1) to (7) inclusive above.

          (b) The Payor will (i) make any required withholding or deduction and (ii) remit the full
amount withheld or deducted to the relevant taxing authority of the Relevant Taxing Jurisdiction in
accordance with applicable law. Upon request, such Payor will use all reasonable efforts to obtain
certified copies of tax receipts evidencing the payment of any Taxes so deducted or withheld from
each relevant taxing authority of each Relevant Taxing Jurisdiction imposing such Taxes and will
provide such certified copies to the Trustee. If, notwithstanding the efforts of such Payor to
obtain such receipts, the same are not obtainable, such Payor will provide the Trustee with other
evidence reasonably satisfactory to the relevant noteholder.

          (c) If any Payor will be obligated to pay Additional Amounts under or with respect to any
payment made on the Notes or any Guarantee, at least 30 days prior to the date of such payment,
such Payor will deliver to the Trustee an Officers’ Certificate stating the fact that Additional
Amounts will be payable and the amount so payable and such other information necessary to enable
the Paying Agent to pay Additional Amounts to noteholders on the relevant payment date (unless such
obligation to pay Additional Amounts arises less than 45 days prior to the relevant payment date,
in which case such Payor shall deliver such Officers’ Certificate and such other information as
promptly as practicable after the date that is 30 days prior to the

110

 

payment date, but no less than five (5) Business Days prior thereto, and otherwise in
accordance with the requirements of DTC).

          (d) Wherever in this Indenture, the Notes or any Guarantee there is mentioned, in any
context: (i) the payment of principal, (ii) redemption prices or purchase prices in connection with
a redemption or purchase of Notes, (iii) interest or (iv) any other amount payable on or with
respect to any of the Notes or any Guarantee, such reference shall be deemed to include payment of
Additional Amounts as described under this Section 10.08 to the extent that, in such context,
Additional Amounts are, were or would be payable in respect thereof.

     The foregoing obligations will survive any termination, defeasance or discharge of this
Indenture and will apply mutatis mutandis to any jurisdiction in which any successor to an Issuer
is organized or otherwise considered to be a resident for tax purposes or any political subdivision
or taxing authority or agency thereof or therein.

ARTICLE XI

Miscellaneous

          SECTION 11.01. Notices. (a) Any notice or communication required or permitted
hereunder shall be in the English language in writing and delivered in person, via facsimile, email
or mailed by first-class mail addressed as follows:

if to the Issuer or a Guarantor:

Rank Group

Suite 2502

Level 25, Citigroup Centre

2 Park Street

Sydney 2000, Australia

Fax No.: +6192686693

Attn: Helen Golding

helen.golding@rankgroup.co.nz

and

if to the Trustee, Paying Agent, Transfer Agent or Registrar:

Wilmington Trust FSB

50 South Sixth Street, Suite 1290

Minneapolis, MN 55402

Fax No.: (612) 217-5651

Attn: Corporate Capital Markets — UCI Administrator

jschweiger@wilmingtontrust.com

111

 

The Issuer, any Guarantor, the Trustee, and the Transfer Agent, Registrar and Paying Agent, by
notice to the other parties hereto, may designate additional or different addresses for subsequent
notices or communications.

          (b) Any notice or communication delivered to a Holder shall be delivered electronically or
mailed, first class mail, to the Holder at the Holder’s address as it appears on the registration
books of the Registrar and shall be sufficiently given if so delivered within the time prescribed.

          (c) Failure to deliver a notice or communication to a Holder or any defect in it shall not
affect its sufficiency with respect to other Holders. If a notice or communication is delivered in
the manner provided above, it is duly given, whether or not the addressee receives it, except that
notices to the Trustee are effective only if received.

          (d) The Trustee and the Agents agree to accept and act upon notice, instructions or
directions pursuant to this Indenture sent by unsecured e-mail, facsimile transmission or other
similar unsecured electronic methods; provided, however, that (a) the party providing such written
instructions, subsequent to such transmission of written instructions, shall provide executed
instructions or directions to the Trustee or the Agents in a timely manner, and

          (e) such executed instructions or directions shall be signed (manually or by facsimile) by an
authorized representative of the party providing such instructions or directions. If the party
elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar
electronic method) and the Trustee in its discretion elects to act upon such instructions, the
Trustee and the Agents shall not be liable for any losses, costs or expenses arising directly or
indirectly from the Trustee’s and the Agents’ reliance upon and compliance in good faith with such
instructions notwithstanding such instructions conflict or are inconsistent with a subsequent
written instruction received by the Trustee and the Agents following action taken pursuant to prior
instruction. The party providing electronic instructions agrees to assume all risks arising out of
the use of such electronic methods to submit instructions and directions to the Trustee, including
without limitation the risk of the Trustee acting in good faith on unauthorized instructions, and
the risk of interception and misuse by third parties.

          (f) Notwithstanding any other provision of this Indenture or any Note, where this Indenture
or any Note provides for notice of any event (including any notice of redemption or purchase) to a
Holder of a Global Security (whether by mail or otherwise), such notice shall be sufficiently given
if given to DTC or its designee pursuant to the standing instructions from DTC or its designee.

          SECTION 11.02. Certificate and Opinion as to Conditions Precedent. Upon any request
or application by the Issuer to the Trustee to take or refrain from taking any action under this
Indenture, the Issuer shall furnish to the Trustee at the request of the Trustee:

     (a) an Officers’ Certificate in form satisfactory to the Trustee stating that, in the
opinion of the signers, all conditions precedent, if any, provided for in this Indenture
relating to the proposed action have been complied with; and

112

 

     (b) an Opinion of Counsel in form satisfactory to the Trustee stating that, in the
opinion of such counsel, all such conditions precedent have been complied with.

          SECTION 11.03. Statements Required in Certificate or Opinion. Each certificate or
opinion with respect to compliance with a covenant or condition provided for in this Indenture
(other than pursuant to Section 4.09) shall include:

     (a) a statement that the individual making such certificate or opinion has read such
covenant or condition;

     (b) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based;

     (c) a statement that, in the opinion of such individual, he has made such examination
or investigation as is necessary to enable him to express an informed opinion as to whether
or not such covenant or condition has been complied with; and

     (d) a statement as to whether or not, in the opinion of such individual, such covenant
or condition has been complied with; provided, however, that with respect to matters of fact
an Opinion of Counsel may rely on an Officers’ Certificate or certificates of public
officials.

          SECTION 11.04. When Notes Disregarded. In determining whether the Holders of the
required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned
by the Issuer or any Guarantor or by any Person directly or indirectly controlling or controlled by
or under direct or indirect common control with the Issuer or any Guarantor shall be disregarded
and deemed not to be outstanding, except that, for the purpose of determining whether the Trustee
shall be protected in relying on any such direction, waiver or consent, only Notes which a Trust
Officer of the Trustee knows are so owned shall be so disregarded. Subject to the foregoing, only
Notes outstanding at the time shall be considered in any such determination.

          SECTION 11.05. Rules by Trustee, Paying Agent and Registrar. The Trustee may make
reasonable rules for action by or a meeting of the Holders. The Registrar and the Paying Agent may
make reasonable rules for their functions.

          SECTION 11.06. Legal Holidays. If a payment date is not a Business Day, payment
shall be made on the next succeeding day that is a Business Day, and no interest shall accrue on
any amount that would have been otherwise payable on such payment date if it were a Business Day
for the intervening period. If a regular record date is not a Business Day, the record date shall
not be affected.

          SECTION 11.07. GOVERNING LAW. THIS INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF
CONFLICTS OF LAW. THE PARTIES HERETO HEREBY AGREE TO WAIVE ANY RIGHT THEY MAY HAVE TO TRIAL BY
JURY.

113

 

          SECTION 11.08. Consent to Jurisdiction and Service. Each of the Company and each
Guarantor that is a Foreign Subsidiary will irrevocably and unconditionally: (a) submit itself and
its property in any legal action or proceeding relating to this Indenture to which it is a party,
or for recognition and enforcement of any judgment in respect thereof, to the general jurisdiction
of the courts of the State of New York, sitting in the Borough of Manhattan, The City of New York,
the courts of the United States of America for the Southern District of New York, appellate courts
from any thereof and courts of its own corporate domicile, with respect to actions brought against
it as defendant; (b) consent that any such action or proceeding may be brought in such courts and
waive any objection that it may now or hereafter have to the venue of any such action or proceeding
in any such court or that such action or proceeding was brought in an inconvenient court and agrees
not to plead or claim the same; (c) designate and appoint the Issuer as its authorized agent upon
which process may be served in any action, suit or proceeding arising out of or relating to this
Indenture that may be instituted in any Federal or state court in the State of New York; and (d)
agree that service of any process, summons, notice or document by US registered mail addressed to
UCI International, with written notice of said service to 14601 Highway 41 North Evansville,
Indiana 47725 (fax number: 812-867-4157), shall be effective service of process for any action,
suit or proceeding brought in any such court.

          SECTION 11.09. No Recourse Against Others. No (i) director, officer, employee,
manager, incorporator or holder of any Equity Interests in the Company, the Issuer or any direct or
indirect parent corporation or (ii) director, officer, employee or manager of a Guarantor, will
have any liability for any obligations of the Issuer, the Company or any Subsidiary Guarantor under
the Notes, this Indenture or any Guarantee, 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. The waiver and release are part of the consideration for issuance of
the Notes. The waiver may not be effective to waive liabilities under the federal securities laws.

          SECTION 11.10. Successors. All agreements of the Issuer, the Company and each
Guarantor in this Indenture and the Notes shall bind its successors. All agreements of the
Trustee, and each Agent in this Indenture shall bind its successors.

          SECTION 11.11. Multiple Originals. The parties may sign any number of copies of this
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement. One signed copy is enough to prove this Indenture.

          SECTION 11.12. Table of Contents; Headings. The table of contents, cross-reference
sheet and headings of the Articles and Sections of this Indenture have been inserted for
convenience of reference only, are not intended to be considered a part hereof and shall not modify
or restrict any of the terms or provisions hereof.

          SECTION 11.13. Indenture Controls. If and to the extent that any provision of the
Notes limits, qualifies or conflicts with a provision of this Indenture, such provision of this
Indenture shall control.

          SECTION 11.14. Severability. In case any provision in this Indenture shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining

114

 

provisions shall not in any way be affected or impaired thereby and such provision shall be
ineffective only to the extent of such invalidity, illegality or unenforceability.

          SECTION 11.15. Place of Performance. The parties to this Indenture shall perform
their obligations under or in connection with the Note Documents exclusively at the Place of
Performance (as defined below). For the purposes of the above, “Place of Performance” means (a) in
relation to any payment under or in connection with a Note Document, the place at which such
payment is to be made pursuant to Section 4.01 and (b) in relation to any other obligation or
liability under or in connection with the Note Documents, the premises of the Trustee in New York
or any other place as the Trustee may specify from time to time.

[Remainder of page intentionally left blank]

115

 

APPENDIX A

PROVISIONS RELATING TO NOTES

          1. Definitions.

          1.1 Definitions.

          Capitalized terms used but not otherwise defined in this Appendix A shall have the meanings
assigned to them in the Indenture. For the purposes of this Appendix A the following terms shall
have the meanings indicated below:

          “Definitive Security” means a certificated Note (bearing the Restricted Securities Legend if
the transfer of such Note is restricted by applicable law) that does not include the Global
Securities Legend.

          “Depositary” means the Depository Trust Company (“DTC”), its nominees and their respective
successors.

          “Exchange Notes” means (1) the 8.625% Notes Due 2019 issued pursuant to the Indenture in
connection with the Registered Exchange Offer pursuant to the Registration Rights Agreement and (2)
Additional Notes, if any, issued pursuant to a registration statement filed with the SEC under the
Securities Act.

          “Exchange Offer Registration Statement” means the exchange offer registration statement, if
any, filed by the Issuer pursuant to the Registration Rights Agreement.

          “Global Securities Legend” means the legend set forth under that caption in Exhibit A to the
Indenture.

          “Purchase Agreement” means (a) the Purchase Agreement dated January 11, 2011, among the
Issuer, the Company, UCI Acquisition Holdings (No. 1) Corp, UCI Acquisition Holdings (No. 2) Corp
and Credit Suisse Securities (USA) LLC, as representative of the several Purchasers (as defined
therein) and (b) any other similar Purchase Agreement relating to Additional Notes.

          “QIB” means a “qualified institutional buyer” as defined in Rule 144A.

          “Registered Exchange Offer” means the offer by the Issuer, pursuant to the Registration Rights
Agreement, to certain Holders of Original Notes, to issue and deliver to such Holders, in exchange
for the Original Notes, a like aggregate principal amount of Exchange Notes registered under the
Securities Act.

          “Regulation S” means Regulation S under the Securities Act.

          “Regulation S Securities” means all Original Notes offered and sold outside the United States
in reliance on Regulation S.

116

 

          “Rule 144A” means Rule 144A under the Securities Act.

          “Rule 144A Securities” means all Original Notes offered and sold to QIBs in reliance on Rule
144A.

          “Shelf Registration Statement” means the shelf registration statement, if any, filed by the
Issuer pursuant to the Registration Rights Agreement.

          “Transfer Restricted Securities” means Definitive Securities and any other Notes that bear or
are required to bear or are subject to the Restricted Securities Legend.

          1.2 Other Definitions.

	 	 	 
	Term:	 	Defined in Section:
	Agent Members
	 	2.1(b)
	Global Securities
	 	2.1(a)
	Regulation S Global Securities
	 	2.1(a)
	Rule 144A Global Securities
	 	2.1(a)

          2. The Notes.

          2.1 (a) Form and Dating; Global Securities. The Notes shall be offered and sold by the
Issuer pursuant to a Purchase Agreement. The Notes shall be resold initially only to (i) QIBs in
reliance on Rule 144A and (ii) Persons other than US Persons (as defined in Regulation S) in
reliance on Regulation S. Notes may thereafter be transferred to, among others, QIBs and
purchasers in reliance on Regulation S, subject to the restrictions on transfer set forth herein.
Notes initially resold pursuant to Rule 144A shall be issued initially in the form of one or more
global notes in fully registered form (each, a “Rule 144A Global Security”); Notes initially resold
pursuant to Regulation S shall be issued initially in the form of one or more global notes in fully
registered form (each, a “Regulation S Global Security”), in each case without interest coupons and
with the global securities legend and the applicable restricted securities legend set forth in
Exhibit A hereto. The Rule 144A Global Securities and the Regulation S Global Securities in
respect of the Notes shall be deposited on behalf of the purchasers of the Notes with a custodian
for DTC and registered in the name of Cede & Co., as nominee of DTC, duly executed by the Issuer
and authenticated by the Trustee or the authentication agent as provided in the Indenture.

          Beneficial interests in a Regulation S Global Security may be exchanged for interests in a
Rule 144A Global Security only after the 40th day after the Issue Date and then only if (1) such
exchange occurs in connection with a transfer of Notes in compliance with Rule 144A and (2) the
transferor of the beneficial interest in a Regulation S Global Security first delivers to the
Registrar or a Transfer Agent a written certificate (in content consistent with the form set forth
on the reverse of the Note) to the effect that the beneficial interests in the Regulation S Global
Security are being transferred to a Person (a) who the transferor reasonably believes to be a QIB,
(b) purchasing for its own account or the account of a QIB in a transaction meeting the
requirements of Rule 144A, and (c) in accordance with all applicable securities laws

117

 

of the States of the United States and other jurisdictions. Prior to the 40th day after the
Issue Date of the Notes, any transfer of a beneficial interest in a Regulation S Global Security
may only occur through the facilities of Euroclear or Clearstream, Luxembourg.

          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 only if the transferor first
delivers to the Registrar or a Transfer Agent a written certificate (in content consistent with the
form set forth on the reverse of the Note) to the effect that such transfer is being made in
accordance with Rule 903 or 904 of Regulation S to a person who is not a US person (as defined in
Regulation S) and in accordance with all applicable securities laws of the States of the United
States and other jurisdictions.

          The Rule 144A Global Security and the Regulation S Global Security are collectively referred
to herein as the “Global Securities”. The aggregate principal amount of the Global Securities may
from time to time be increased or decreased by adjustments made on the records of the Registrar and
the Depositary or its nominee as hereinafter provided.

          (b) Book-Entry Provisions of Notes. This Section 2.1(b) shall apply only to a Global
Security deposited with or on behalf of the Depositary.

          The Issuer shall execute and the Trustee or authentication agent shall, in accordance with
this Section 2.1(b), authenticate and deliver initially one Rule 144A Global Security in respect of
the Notes and one Regulation S Global Security in respect of the Notes, in each case that (a) shall
be registered in the name of Cede & Co., as nominee of DTC and (b) shall be delivered by the
Trustee or authentication agent to the custodian for DTC or pursuant to such custodian’s
instructions.

          Members of, or participants in, DTC (“Agent Members”) shall have no rights under the Indenture
with respect to any Global Security held on their behalf by the custodian of DTC, or under such
Global Security, and the Issuer, the Trustee and any agent of the Issuer or the Trustee shall treat
such custodian or its nominee as the absolute owner of such Global Security for all purposes
whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Trustee or
any agent of the Issuer or the Trustee from giving effect to any written certification, proxy or
other authorization furnished by DTC or impair, as between DTC and their Agent Members, the
operation of customary practices of such governing the exercise of the rights of a holder of a
beneficial interest in any Global Security.

          (c) Definitive Securities. Except as provided in this Section 2.1 or Section 2.3 or 2.4,
owners of beneficial interests in Global Securities shall not be entitled to receive physical
delivery of Definitive Securities.

     2.2 Authentication.

          On the Issue Date, the Trustee or the authentication agent shall authenticate and deliver
$400,000,000 aggregate principal amount of Global Securities in respect of the Notes and, at any
time and from time to time thereafter, the Trustee or the authentication agent shall authenticate
and deliver (i) Additional Notes for original issue in an aggregate principal amount specified in
such order and (ii) Exchange Notes for issue only in a Registered Exchange Offer,

118

 

pursuant to a Registration Rights Agreement, for a like principal amount of Original Notes, in
each case upon a written order of the Issuer signed by an Officer or authorized signatory of the
Issuer. Such order shall specify the amount of the Notes to be authenticated and the date on which
the original issue of Notes is to be authenticated and, in the case of an issuance of Additional
Notes pursuant to Section 2.01 of the Indenture after the Issue Date, shall certify that such
issuance is in compliance with Section 4.03 of the Indenture. The Trustee or the authentication
agent shall authenticate Additional Notes upon receipt of a written order of an Authentication
Order relating thereto.

     2.3 Transfer and Exchange.

          (a) Transfer and Exchange of Definitive Securities. When Definitive Securities are
presented to the Registrar with a request:

     (x) to register the transfer of such Definitive Securities; or

     (y) to exchange such Definitive Securities for an equal principal amount of
Definitive Securities of other authorized denominations,

the Registrar shall register the transfer or make the exchange as requested if its reasonable
requirements for such transaction are met; provided, however, that the Definitive Securities
surrendered for transfer or exchange:

     (i) shall be duly endorsed or accompanied by a written instrument of transfer in
form reasonably satisfactory to the Issuer and the Registrar, duly executed by the Holder
thereof or its attorney duly authorized in writing; and

     (ii) if such Definitive Securities are required to bear a restricted securities
legend, they are being transferred or exchanged pursuant to an effective registration
statement under the Securities Act, pursuant to Section 2.3(b) or pursuant to clause (A),
(B) or (C) below, and are accompanied by the following additional information and documents,
as applicable:

     (A) if such Definitive Securities are being delivered to the Registrar by a
Holder for registration in the name of such Holder, without transfer, a
certification from such Holder to that effect; or

     (B) if such Definitive Securities are being transferred to the Issuer, a
certification to that effect; or

     (C) if such Definitive Securities are being transferred pursuant to an
exemption from registration in accordance with Rule 144A or Regulation S under the
Securities Act, a certification to that effect.

          (b) Restrictions on Transfer of a Definitive Security for a Beneficial Interest in a
Global Security. A Definitive Security may not be exchanged for a beneficial interest in a Rule
144A Global Security or a Regulation S Global Security except upon satisfaction of the

119

 

requirements set forth below. Upon receipt by the Registrar of a Definitive Security, duly
endorsed or accompanied by appropriate instruments of transfer, together with:

     (i) certification, in the form set forth on the reverse of the Note, that such
Definitive Security is either (A) being transferred to a QIB in accordance with Rule 144A,
or (B) being transferred outside the United States in an offshore transaction in accordance
with Rule 903 or 904 under the Securities Act to a person who is not a US person (as defined
in Regulation S under the Securities Act); and

     (ii) written instructions directing the Registrar to make an adjustment on its
books and records with respect to a Rule 144A Global Security (in the case of a transfer
pursuant to clause (b)(i)(A)) or a Regulation S Global Security (in the case of a transfer
pursuant to clause (b)(i)(B)) to reflect an increase in the aggregate principal amount of
the Notes represented by a Rule 144A Global Security or a Regulation S Global Security, as
applicable, such instructions to contain information regarding the transferor’s account
details at DTC to be credited with such increase,

then the Registrar shall cancel such Definitive Security and cause, or direct the Transfer Agent to
cause, in accordance with standing instructions and procedures, the aggregate principal amount of
Notes represented by the applicable Rule 144A Global Security or the applicable Regulation S Global
Security, as applicable, to be increased by the aggregate principal amount of the Definitive
Security to be exchanged and shall credit or cause to be credited to the account of the Person
specified in such instructions a beneficial interest in the applicable Rule 144A Global Security or
the applicable Regulation S Global Security, as applicable, equal to the principal amount of the
Definitive Security so canceled. If no Rule 144A Global Security or Regulation S Global Security,
as applicable, is then outstanding, the Issuer shall issue and the Trustee shall authenticate, upon
receipt of an Authentication Order, a new Rule 144A Global Security or Regulation S Global
Security, as applicable, in the appropriate principal amount. The Registrar shall record the
exchange or transfer of a Definitive Security for an interest in a Global Security in accordance
with this Section 2.3(b) in the register maintained by it.

          (c) Transfer and Exchange of Global Securities.

     (i) The transfer and exchange of Global Securities or beneficial interests therein
shall be effected through the Depositary in accordance with the Indenture (including
applicable restrictions on transfer set forth herein, if any) and the procedures of DTC
therefor. A transferor of a beneficial interest in a Global Security shall deliver to the
Registrar a written order, given in accordance with DTC’s procedures, containing information
regarding the participant account of DTC to be credited with a beneficial interest in the
Global Security. The Registrar shall, in accordance with such instructions, instruct the
Depositary to credit to the account of the Person specified in such instructions a
beneficial interest in the Global Security and to debit the account of the Person making the
transfer of the beneficial interest in the Global Security being transferred.

     (ii) If the proposed transfer is a transfer of a beneficial interest in one Global
Security to a beneficial interest in another Global Security, the Registrar shall reflect on
its books and records the date and an increase in the principal amount of the Global

120

 

Security to which such interest is being transferred in an amount equal to the
principal amount of the interest to be so transferred, and the Registrar shall reflect on
its books and records the date and a corresponding decrease in the principal amount of the
Global Security from which such interest is being transferred.

     (iii) Notwithstanding any other provisions of this Appendix A (other than the
provisions set forth in Section 2.4), a Global Security may not be transferred as a whole
except by the custodian of DTC or the Depositary to a nominee thereof or a successor
thereof.

     (iv) In the event that a Global Security is exchanged for Definitive Securities
pursuant to Section 2.4 of this Appendix A, prior to the consummation of a Registered
Exchange Offer or the effectiveness of a Shelf Registration Statement with respect to such
Securities, such Notes may be exchanged only in accordance with such procedures as are
substantially consistent with the provisions of this Section 2.3 (including the
certification requirements set forth on the reverse of the Original Notes intended to ensure
that such transfers comply with Rule 144A, Regulation S or another applicable exemption
under the Securities Act, as the case may be) and such other procedures as may from time to
time be adopted by the Issuer.

          (d) Legend. The Notes shall bear the legends set forth below.

          (i) Except as permitted by the following paragraph (ii), each Note certificate evidencing
the Global Securities (and all Notes issued in exchange therefor or in substitution thereof) shall
bear a legend in substantially the following form:

     “THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM
REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE “US SECURITIES ACT”), AND THIS
NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN
APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF
THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE US SECURITIES ACT
PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE COMPANY
THAT (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY

     (I) TO THE COMPANY OR ANY OF ITS SUBSIDIARIES,

     (II) IN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED
INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE US SECURITIES ACT) IN A TRANSACTION MEETING
THE REQUIREMENTS OF RULE 144A,

     (III) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH THE PROVISIONS
OF RULE 903 AND RULE 904 UNDER THE US SECURITIES ACT,

121

 

     (IV) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE US SECURITIES ACT PROVIDED BY
RULE 144 THEREUNDER (IF AVAILABLE), OR

     (V) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE US SECURITIES ACT,

     IN EACH OF CASES (I) THROUGH (V) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY
STATE OF THE UNITED STATES, AND IN EACH OF CASES (III) AND (IV) SUBJECT TO THE COMPANY’S AND THE
TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER TO REQUIRE THE DELIVERY OF AN OPINION OF
COUNSEL, CERTIFICATION AND OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM AND THAT (B) THE
HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT
OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE.

     [THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION ORIGINALLY EXEMPT FROM
REGISTRATION UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE “US SECURITIES ACT”), AND MAY NOT
BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY US PERSON WITHOUT
REGISTRATION EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE US
SECURITIES ACT AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN
TO THEM IN REGULATION S UNDER THE US SECURITIES ACT. EXCEPT AS SPECIFIED IN THE INDENTURE IN
RESPECT OF THIS NOTE, BENEFICIAL OWNERSHIP INTERESTS IN THIS NOTE WILL NOT BE EXCHANGEABLE FOR
INTERESTS IN ANY OTHER NOTE REPRESENTING AN INTEREST IN THE NOTES REPRESENTED HEREBY WHICH DOES NOT
CONTAIN A LEGEND CONTAINING RESTRICTIONS ON TRANSFER, UNTIL THE EXPIRATION OF THE 40-DAY
DISTRIBUTION COMPLIANCE PERIOD (WITHIN THE MEANING OF RULE 903(b)(2) OF REGULATION S UNDER THE US
SECURITIES ACT). DURING SUCH 40-DAY DISTRIBUTION COMPLIANCE PERIOD, BENEFICIAL OWNERSHIP INTERESTS
IN THIS NOTE MAY ONLY BE SOLD, PLEDGED OR TRANSFERRED THROUGH EUROCLEAR BANK S.A./N.A., AS OPERATOR
OF THE EUROCLEAR SYSTEM, OR CLEARSTREAM BANKING, SOCIÉTÉ ANONYME.”]1

     (ii) Each Definitive Security shall bear the following additional legends:

          “IN CONNECTION WITH ANY TRANSFER, THE HOLDER SHALL DELIVER TO THE REGISTRAR AND TRANSFER AGENT
SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM
THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.”

 

			
	1	 	Applicable to Regulation S Global Securities
only.

122

 

     (iii) Upon any sale or transfer of a Transfer Restricted Security (including any Transfer
Restricted Security represented by a Global Security) pursuant to Rule 144 under the Securities
Act, the Registrar shall permit the transferee thereof to exchange such Transfer Restricted
Security for a certificated Note that does not bear the legend set forth above and rescind any
restriction on the transfer of such Transfer Restricted Security, if the transferor thereof
certifies in writing to the Registrar that such sale or transfer was made in reliance on Rule 144
(such certification to be in the form set forth on the reverse of the Note).

     (iv) After a transfer of any Original Notes pursuant to and during the period of the
effectiveness of a Shelf Registration Statement with respect to such Original Notes, all
requirements pertaining to legends on such Original Note will cease to apply, the requirements
requiring any such Original Note issued to certain Holders be issued in global form will cease to
apply, and a certificated Original Note or an Original Note in global form, in each case without
restrictive transfer legends, will be available to the transferee of the Holder of such Original
Notes upon exchange of such transferring Holder’s certificated Original Note or directions to
transfer such Holder’s interest in the Global Security, as applicable.

     (v) Upon the consummation of a Registered Exchange Offer with respect to the Original Notes,
all requirements pertaining to such Original Notes that Original Notes issued to certain Holders be
issued in global form will still apply with respect to Holders of such Original Notes that do not
exchange their Original Notes, and Exchange Notes in certificated or global form, in each case
without the restricted securities legend set forth in Exhibit A hereto will be available to Holders
that exchange such Original Notes in such Registered Exchange Offer.

     (e) Cancellation or Adjustment of Global Security. At such time as all beneficial interests
in a Global Security have either been exchanged for Definitive Securities, redeemed, repurchased or
canceled, such Global Security shall be returned to the Registrar for cancellation or retained and
canceled by the Registrar. At any time prior to such cancellation, if any beneficial interest in a
Global Security is exchanged for certificated Notes, redeemed, repurchased or canceled, the
principal amount of Notes represented by such Global Security shall be reduced and an adjustment
shall be made on the books and records of the Registrar with respect to such Global Security, by
the Registrar, to reflect such reduction.

     (f) No Obligation of the Trustee or the Registrar.

     (i) None of the Trustee or the Registrar shall have any responsibility or obligation to
any beneficial owner of a Global Security, a member of, or a participant in DTC or other
Person with respect to the accuracy of the records of DTC or any nominee or of any
participant or member thereof, with respect to any ownership interest in the Notes or with
respect to the delivery to any participant, member, beneficial owner or other Person (other
than the custodian for DTC) of any notice (including any notice of redemption or repurchase)
or the payment of any amount, under or with respect to such Notes. All notices and
communications to be given to the Holders and all payments to be made to Holders under the
Notes shall be given or made only to or upon the order of the registered Holders (which
shall be the custodian for DTC or its nominee in the case of a Global Security). The rights
of beneficial owners in any Global Security shall be exercised only through the custodian
for DTC, subject to the applicable rules and

123

 

procedures of DTC. The Trustee and the Registrar may rely and shall be fully protected
in relying upon information furnished by the custodian of DTC with respect to the Agent
Members and any beneficial owners.

     (ii) The Trustee and the Registrar shall have no obligation or duty to monitor,
determine or inquire as to compliance with any restrictions on transfer imposed under the
Indenture or under applicable law with respect to any transfer of any interest in any Note
(including any transfers between or among participants in DTC, members or beneficial owners
in any Global Security) other than to require delivery of such certificates and other
documentation or evidence as are expressly required by, and to do so if and when expressly
required by, the terms of the Indenture, and to examine the same to determine substantial
compliance as to form with the express requirements hereof.

          2.4 Definitive Securities.

          (a) A Global Security deposited with the custodian of DTC pursuant to Section 2.1 shall be
transferred to the beneficial owners thereof in the form of Definitive Securities in an aggregate
principal amount equal to the principal amount of such Global Security, in exchange for such Global
Security, only if such transfer complies with Section 2.3 hereof and (i) the Issuer has consented
to such transfer in writing, (ii) the Issuer notifies the Trustee in writing that DTC, acting
through itself, or the custodian for DTC is unwilling or unable to continue as a clearing system in
respect of such Global Security and a successor clearing system is not appointed by the Issuer
within 120 days of such notice; (iii) DTC so requests following a Default under the Indenture (in
which case such Notes may be exchanged in whole but not in part); or (iv) the Issuer, at its
option, notifies the Trustee in writing that it elects to issue Definitive Securities.

          (b) Any Global Security that is transferable to the beneficial owners thereof pursuant to this
Section 2.4 shall be surrendered by the custodian for DTC to the Registrar located at its principal
corporate trust office, to be so transferred, in whole or from time to time in part, without
charge, and the Registrar shall authenticate and deliver, upon such transfer of each portion of
such Global Security, an equal aggregate principal amount of Definitive Securities of authorized
denominations. Any portion of a Global Security in respect of the Notes transferred pursuant to
this Section 2.4 shall be executed, authenticated and delivered only in minimum denominations of
$2,000 and integral multiples of $1,000 in excess thereof and registered in such names as the
custodian of DTC, shall direct. Any Definitive Security delivered in exchange for an interest in
the Transfer Restricted Security shall, except as otherwise provided by Section 2.3(d) hereof, bear
the applicable restricted securities legend and definitive securities legend set forth in Exhibit A
hereto.

          (c) Subject to the provisions of Sections 2.4(d) hereof, the registered Holder of a Global
Security shall be entitled to grant proxies and otherwise authorize any Person, including Agent
Members and Persons that may hold interests through Agent Members, to take any action which a
Holder is entitled to take under the Indenture or the Notes.

          (d) In the event of the occurrence of one of the events specified in Section 2.4(a) or 2.4(b)
hereof, the Issuer shall promptly make available to the Registrar a

124

 

reasonable supply of Definitive Securities in definitive, fully registered form without interest coupons.
In the event that such Definitive Securities are not issued, the Issuer expressly acknowledges,
with respect to the right of any Holder to pursue a remedy pursuant to Section 6.05 of the
Indenture, the right of any beneficial owner of Notes to pursue such remedy with respect to the
portion of the Global Security that represents such beneficial owner’s Notes as if such Definitive
Securities had been issued.

125

 

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

	 	 	 	 	 
	 	ISSUER: UNCLE ACQUISITION 2010 CORP

 	 
	 	By:  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 
	 	COMPANY: UCI HOLDINGS LIMITED

 	 
	 	by  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	 	 
	 
	 	Witnessed by:

 	 
	 	  	 /s/ Karen Mower
 	 
	 	 	Name:  	Karen Mower 	 
	 	 	Title:  	Lawyer
	 
	 	 	
Address:   Sydney, Australia 	 
	 
	 	SUBSIDIARY GUARANTORS:

UCI ACQUISITION HOLDINGS (NO. 1) CORP

 	 
	 	by  	  /s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 
	 	UCI ACQUISITION HOLDINGS (NO. 2) CORP

 	 
	 	by  	  /s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Indenture]

 

 

	 	 	 	 	 
	 	WILMINGTON TRUST FSB, as Trustee,
Paying Agent, Transfer Agent and Registrar

 	 
	 	By:  	/s/ Frank McDonald
 	 
	 	 	Name:  	Frank McDonald 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Indenture]

 

 

Exhibit A

[FORM OF FACE OF NOTE]

[Global Securities Legend]

          UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (“DTC”) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF ITS AUTHORIZED NOMINEE OR SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO ITS AUTHORIZED
NOMINEE, OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, ITS AUTHORIZED NOMINEE, HAS AN INTEREST HEREIN.

          TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF
THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET
FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

[Restricted Securities Legend]

          THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION
UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE “US SECURITIES ACT”), AND THIS NOTE MAY NOT BE
OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE
EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF THIS NOTE
MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE US SECURITIES ACT PROVIDED
BY RULE 144A THEREUNDER. THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE COMPANY THAT (A)
THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY

          (I) TO THE COMPANY OR ANY OF ITS SUBSIDIARIES,

          (II) IN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED
INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE US SECURITIES ACT) IN A TRANSACTION MEETING
THE REQUIREMENTS OF RULE 144A,

          (III) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH THE PROVISIONS
OF RULE 903 AND RULE 904 UNDER THE US SECURITIES ACT,

A-1

 

          (IV) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE US SECURITIES ACT PROVIDED BY RULE
144 THEREUNDER (IF AVAILABLE), OR

          (V) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE US SECURITIES ACT,

          IN EACH OF CASES (I) THROUGH (V) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY
STATE OF THE UNITED STATES, AND IN EACH OF CASES (III) AND (IV) SUBJECT TO THE COMPANY’S AND THE
TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER TO REQUIRE THE DELIVERY OF AN OPINION OF
COUNSEL, CERTIFICATION AND OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM AND THAT (B) THE
HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT
OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE.

          [THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION ORIGINALLY EXEMPT FROM
REGISTRATION UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE “US SECURITIES ACT”), AND MAY NOT
BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY US PERSON WITHOUT
REGISTRATION EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE US
SECURITIES ACT AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN
TO THEM IN REGULATION S UNDER THE US SECURITIES ACT. EXCEPT AS SPECIFIED IN THE INDENTURE IN
RESPECT OF THIS NOTE, BENEFICIAL OWNERSHIP INTERESTS IN THIS NOTE WILL NOT BE EXCHANGEABLE FOR
INTERESTS IN ANY OTHER NOTE REPRESENTING AN INTEREST IN THE NOTES REPRESENTED HEREBY WHICH DOES NOT
CONTAIN A LEGEND CONTAINING RESTRICTIONS ON TRANSFER, UNTIL THE EXPIRATION OF THE 40-DAY
DISTRIBUTION COMPLIANCE PERIOD (WITHIN THE MEANING OF RULE 903(b)(2) OF REGULATION S UNDER THE US
SECURITIES ACT). DURING SUCH 40-DAY DISTRIBUTION COMPLIANCE PERIOD, BENEFICIAL OWNERSHIP INTERESTS
IN THIS NOTE MAY ONLY BE SOLD, PLEDGED OR TRANSFERRED THROUGH EUROCLEAR BANK S.A./N.A., AS OPERATOR
OF THE EUROCLEAR SYSTEM, OR CLEARSTREAM BANKING, SOCIÉTÉ ANONYME.]2

[Definitive Securities Legend]

          IN CONNECTION WITH ANY TRANSFER, THE HOLDER SHALL DELIVER TO THE REGISTRAR AND TRANSFER AGENT
SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM
THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.

 

			
	2	 	Applicable to Regulation S Global Securities
only.

A-2

 

[FORM OF NOTE]

	 	 	 	 	 

	No.
	 	$	 	 

8.625% Senior Note due 2019

CUSIP          

ISIN             

          UNCLE ACQUISITION 2010 CORP, A DELAWARE CORPORATION, PROMISES TO PAY TO [           ], OR ITS
REGISTERED ASSIGNS, THE PRINCIPAL SUM OF $[          ], [AS THE SAME MAY BE REVISED FROM TIME TO
TIME ON THE SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY ATTACHED HERETO,] ON FEBRUARY 15,
2019.

          Interest Payment Dates: February 15 and August 15

          Record Dates: February 1 and August 1

          Additional provisions of the Note are set forth on the other side of this Note.

A-3

 

          IN WITNESS WHEREOF, the parties have caused this instrument to be duly executed.

	 	 	 	 	 
	 	UNCLE ACQUISITION 2010 CORP

 	 
	 	   by 	 	 
	 	 	 
	 	 	 
	 
	 	 	 
	 	   By 	 	 
	 	 	 	Name:  
	 	 	 	Title:  
	 

Dated:

A-4

 

TRUSTEE’S CERTIFICATE OF

AUTHENTICATION

WILMINGTON TRUST FSB, as Trustee,

certifies that this is one of the

Notes referred to in the Indenture.

	 	 	 	 	 
	 	 	 
	 	By  	
 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

     Dated:

 

			
	*/	 	If the Note is to be issued in global form, add the Global Securities Legend and the
attachment from Exhibit A captioned “[TO BE ATTACHED TO GLOBAL SECURITIES] — SCHEDULE OF
INCREASES OR DECREASES IN GLOBAL SECURITY”.

A-5

 

[FORM OF REVERSE SIDE OF NOTE]

8.625% Note due 2019

1. Interest

          Uncle Acquisition 2010 Corp, a Delaware corporation (such company, and its successors and
assigns under the Indenture, the “Issuer”), promises to pay interest on the principal amount of
this Note at the rate per annum shown above; provided, however, that if a Registration Default (as
defined in the Registration Rights Agreement) occurs, additional interest will accrue on this Note
from and including the date on which any such Registration Default shall occur to but excluding the
date on which all Registration Defaults have been cured at the applicable rate as determined
pursuant to the Registration Rights Agreement.

          The Issuer shall pay interest semi-annually on February 15 and August 15 of each year,
commencing August 15, 2011. Interest on the Notes shall accrue from the most recent date to which
interest has been paid or provided for or, if no interest has been paid or provided for, from
January 26, 2011 until the principal hereof is due. Interest shall be computed on the basis of a
360-day year comprised of twelve 30-day months. The Issuer shall pay interest on overdue principal
at the rate borne by the Notes, and it shall pay interest on overdue installments of interest at
the same rate to the extent lawful.

2. Method of Payment

          The Issuer shall pay interest on this Note (except defaulted interest) to the registered
Holder at the close of business on the February 1 or August 1 next preceding the interest payment
date even if this Note is canceled after the record date and on or before the interest payment date
(whether or not a Business Day). The Issuer shall pay principal, premium, if any, and interest in
US Dollars or such other lawful currency of the United States that at the time of payment is legal
tender for payment of public and private debts. The Issuer shall make all payments in respect of
this Note (including principal, premium, if any, and interest) at the office of the relevant Paying
Agent, provided that all such payments [shall be made by wire transfer of immediately available
funds to the accounts specified by the Holder or Holders thereof]3 [at the option of the
Issuer, may be made through the Paying Agent by mailing a check to the registered address of each
Holder thereof]4.

3. Paying Agent and Registrar

          Initially, Wilmington Trust FSB (the “Trustee”) shall act as Trustee, Paying Agent (“Paying
Agent”), Transfer Agent (“Transfer Agent”) and Registrar (the “Registrar”). The Issuer may appoint
and change any Paying Agent, Transfer Agent or Registrar without notice to the noteholders,
provided that in all circumstances the Paying Agent will be located in

 

			
	3	 	Applicable if this Security is represented by
a Global Security registered in the name of or held by a nominee of The
Depository Trust Company, Clearstream or Euroclear on the relevant record date.
	 
	4	 	Applicable if this Security is represented by
a Definitive Security on the relevant record date.

A-6

 

the United States. The Company or any of its Subsidiaries may act as Registrar or, provided
that such Subsidiaries are located in the United States, Paying Agent (other than with respect to
Global Securities).

4. Indenture

          The Issuer issued the Notes under an Indenture dated as of January 26, 2011 (the “Indenture”),
among the Issuer, the Guarantors party thereto from time to time, the Trustee, the Paying Agent,
the Transfer Agent and the Registrar. The terms of the Notes include those stated in the
Indenture. Terms defined in the Indenture and not defined herein have the meanings ascribed
thereto in the Indenture. The Notes are subject to all terms and provisions of the Indenture, and
the Holders (as defined in the Indenture) are referred to the Indenture for a statement of such
terms and provisions.

          The Notes are senior obligations of the Issuer. This Note is one of the Original Notes
referred to in the Indenture. The Notes include the Original Notes and any Additional Notes. The
Original Notes and any Additional Notes are treated as a single class of securities under the
Indenture. The Indenture imposes certain limitations on the ability of the Company and the
Restricted Subsidiaries, including the Issuer, to, among other things, make certain Investments and
other Restricted Payments, pay dividends and other distributions, incur Indebtedness, enter into
consensual restrictions upon the payment of certain dividends and distributions by such Restricted
Subsidiaries, enter into or permit certain transactions with Affiliates, create or incur Liens and
make Asset Sales. The Indenture also imposes limitations on the ability of the Issuer, the Company
and the other Guarantors to consolidate or merge with or into any other Person or convey, transfer
or lease all or substantially all the properties or assets of the Company and its Subsidiaries
taken as a whole. The Indenture also imposes limitations on the ability of the Company and the
Restricted Subsidiaries to undertake certain activities.

          To the extent any provision of the Notes conflicts with the express provisions of the
Indenture, the provisions of the Indenture shall govern and be controlling.

5. Optional Redemption

          Except as set forth in this Section 5, the Notes shall not be redeemable at the option of the
Issuer prior to February 15, 2015. Thereafter, the Issuer may redeem the Notes at its option, in
whole or in part, at any time or from time to time, upon not less than 30 nor more than 60 days’
prior notice mailed by first-class mail to each holder’s registered address (or otherwise delivered
in accordance with applicable DTC procedures), at the following redemption prices (expressed as a
percentage of principal amount), plus accrued and unpaid interest and additional interest, if any,
to the redemption date (subject to the right of holders of record on the relevant record date to
receive interest due on the relevant interest payment date), if redeemed during the 12-month period
commencing on February 15 of the years set forth below. Without limiting the Issuer’s obligations
under the Indenture, the Issuer may provide in such notice that payment of the redemption price and
the performance of the Issuer’s obligations with respect to such redemption may be performed by
another Person.

A-7

 

	 	 	 	 	 
	Period	 	Redemption Price
	2015
	 	 	104.313	%
	2016
	 	 	102.156	%
	2017 and thereafter
	 	 	100.000	%

          In addition, at any time and from time to time prior to February 15, 2015, the Issuer may
redeem the Notes at its option, in whole or in part, upon not less than 30 nor more than 60 days’
prior notice mailed by first-class mail to each holder’s registered address (or otherwise delivered
in accordance with applicable DTC procedures), at a redemption price equal to 100% of the principal
amount of the Notes redeemed plus the Applicable Premium (as calculated by the Issuer or on behalf
of the Issuer by such person as the Issuer shall designate) as of, and accrued and unpaid interest
and additional interest, if any, to, the applicable redemption date (subject to the right of
holders of record on the relevant record date to receive interest due on the relevant interest
payment date). Without limiting the Issuer’s obligations under the Indenture, the Issuer may
provide in such notice that payment of the redemption price and the performance of the Issuer’s
obligations with respect to such redemption may be performed by another Person.

          Notwithstanding the foregoing, at any time and from time to time prior to February 15, 2014,
the Issuer may at its option redeem in the aggregate up to 35% of the original aggregate principal
amount of the Notes (calculated after giving effect to any issuance of any Additional Notes) with
the net cash proceeds of one or more Equity Offerings (1) by the Company or (2) any direct or
indirect parent of the Company, in each case to the extent the net cash proceeds thereof are
contributed to the common equity capital of the Company or any of its Restricted Subsidiaries or
used to purchase Capital Stock (other than Disqualified Stock) of any such entity from it, at a
redemption price (expressed as a percentage of principal amount thereof) of 108.625%, plus accrued
and unpaid interest and additional interest, if any, to the redemption date (subject to the right
of holders of record on the relevant record date to receive interest due on the relevant interest
payment date); provided, however, that at least 65% of the original aggregate principal amount of
the Notes (calculated after giving effect to any issuance of any Additional Notes) remain
outstanding after each such redemption; provided further, however, that such redemption shall occur
within 90 days after the date on which any such Equity Offering is consummated upon not less than
30 nor more than 60 days’ notice mailed to each holder of Notes being redeemed and otherwise in
accordance with the procedures set forth in the Indenture.

          Notice of any redemption upon any Equity Offering may be given prior to the completion
thereof, and any such redemption or notice may, at the Issuer’s discretion, be subject to one or
more conditions precedent, including, but not limited to, completion of the related Equity
Offering. Without limiting the Issuer’s obligations under the Indenture, the Issuer may provide in
such notice that payment of the redemption price and the performance of the Issuer’s obligations
with respect to such redemption may be performed by another Person.

A-8

 

6. Taxes

          The Issuer will pay any present or future stamp, court or documentary Taxes, or any other
excise, property or similar Taxes that arise in any jurisdiction from the execution, delivery,
registration or enforcement of any Notes, the Indenture, or any other document or instrument in
relation thereto (other than a transfer of the Notes) excluding any such Taxes imposed by any
jurisdiction that is not a Relevant Taxing Jurisdiction, and the Issuer and each Guarantor agree to
indemnify the noteholders and the Trustee for any such Taxes paid by such noteholders. The
foregoing obligations will survive any termination, defeasance or discharge of the Indenture and
will apply mutatis mutandis to any jurisdiction in which any successor to the Issuer is organized
or otherwise considered to be a resident for tax purposes or any political subdivision or taxing
authority or agency thereof or therein.

7. Sinking Fund

          The Issuer is not required to make any mandatory redemption or sinking fund payments with
respect to the Notes.

8. Notice of Redemption

          Notice of redemption shall be mailed by first-class mail (or otherwise delivered in accordance
with applicable DTC procedures) upon not less than 30 days nor more than 60 days’ prior notice to
each Holder’s registered address. Notes in denominations of $2,000 or less may be redeemed in
whole but not in part. The Trustee may select for redemption portions of the principal of Notes
that have denominations larger than $2,000. Notes and portions thereof selected by the Trustee
shall be in principal amounts of $2,000 or a whole multiple of $1,000 in excess thereof, except
that if all of the Notes of a Holder are to be redeemed, the entire outstanding amount of Notes
held by such Holder, even if not in a multiple of $1,000, shall be redeemed. If money sufficient
to pay the redemption price of and accrued and unpaid interest and premiums (if any) on all Notes
(or portions thereof) to be redeemed on the redemption date is deposited with the Paying Agent on
or before the redemption date and certain other conditions are satisfied, on and after such date
interest ceases to accrue on such Notes (or such portions thereof) called for redemption.

	9.	 	Repurchase of Notes at the Option of the Holders upon Change of Control and Asset
Sales

          Upon the occurrence of a Change of Control, each Holder will have the right, subject to
certain conditions specified in the Indenture, to require the Issuer to repurchase all or any part
of such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof,
plus accrued and unpaid interest and additional interest, if any, to the date of repurchase
(subject to the right of the Holders of record on the relevant record date to receive interest due
on the relevant interest payment date), as provided in, and subject to the terms of, the Indenture.

          In accordance with Section 4.06 of the Indenture, the Issuer shall be required to offer to
purchase Notes upon the occurrence of certain events in connection with certain Asset Sales.

A-9

 

10. Guarantees

          Each Guarantor will jointly and severally, irrevocably and unconditionally guarantee on a
senior basis to the extent set forth in the Indenture (i) the full and punctual payment of
principal of and interest on this Note when due, whether at maturity, by acceleration, by
redemption or otherwise, and all other monetary obligations of the Issuer under the Indenture and
this Note and (ii) the full and punctual performance within applicable grace periods of all other
obligations of the Issuer.

          All payments made by any Guarantor or any successor in interest to any Guarantor (each, a
“Payor”) on or with respect to the Notes or any Guarantee will be made without withholding or
deduction for, or on account of, any Taxes unless such withholding or deduction is required by law.
If any withholding or deduction for, or on account of, any Taxes imposed or levied by or on behalf
of:

          (1) any jurisdiction (other than the United States or any political subdivision or
governmental authority thereof or therein having the power to tax) from or through which payment on
or with respect to the Notes or any Guarantee is made by a Payor, or any political subdivision or
governmental authority thereof or therein having the power to tax; or

          (2) any other jurisdiction (other than the United States or any political subdivision or
governmental authority thereof or therein having the power to tax) in which a Payor that actually
makes a payment on or with respect to the Notes or any Guarantee is organized or otherwise
considered to be a resident for tax purposes, or any political subdivision or governmental
authority thereof or therein having the power to tax,

(each of clause (1) and (2), a “Relevant Taxing Jurisdiction”), is at any time required from any
payment made by a Payor on or with respect to the Notes or any Guarantee, including payments of
principal, redemption price, interest or premium, if any, then the relevant Payor will pay
(together with such payment) such additional amounts (the “Additional Amounts”) as may be necessary
in order that the net amounts received in respect of such payment by a noteholder or the Trustee,
as the case may be, after such withholding or deduction (including any such withholding or
deduction from such Additional Amounts), will not be less than the amount that would have been
received in respect of such payment on the Notes or Guarantee in the absence of such withholding or
deduction; provided, however, that no such Additional Amounts will be payable for or on account of:

          (1) any Taxes that would not have been so imposed or levied but for the existence of any
present or former connection between the relevant noteholder (or between a fiduciary, settlor,
beneficiary, member or shareholder of, or possessor of power over the relevant noteholder, if such
noteholder is an estate, nominee, trust, partnership, limited liability company or corporation) and
the Relevant Taxing Jurisdiction (including being a citizen or resident or national of, or carrying
on a business or maintaining a permanent establishment in, or being physically present in, the
Relevant Taxing Jurisdiction) but excluding, in each case, any connection arising solely from the
acquisition, ownership or holding of a Note or the receipt of any payment in respect thereof;

A-10

 

          (2) any Taxes that would not have been so imposed or levied if the relevant noteholder (or
fiduciary, settlor, beneficiary, member or shareholder of, or possessor of power over, the relevant
noteholder, if such noteholder is an estate, nominee, trust, partnership, limited liability company
or corporation) had complied with a reasonable request in writing of the Payor (such request being
made at a time that would enable such Person acting reasonably to comply with that request) to make
a declaration of nonresidence or any other claim or filing or satisfy any certification,
information or reporting requirement for exemption from, or reduction in the rate of, withholding
to which it is entitled (provided that such declaration of nonresidence or other claim, filing or
requirement is required by the applicable law, treaty, regulation or administrative practice of the
Relevant Taxing Jurisdiction as a precondition to exemption from the requirement to deduct or
withhold all or a part of any such Taxes);

          (3) any Taxes that are payable otherwise than by withholding from a payment by a Payor of the
principal of, premium, if any, or interest under the Notes or any Guarantee;

          (4) any estate, inheritance, gift, sales, excise, transfer, personal property or similar Tax;

          (5) any Taxes that are required to be deducted or withheld on a payment pursuant to the
Directive or any law implementing, or introduced in order to conform to, the Directive;

          (6) except in the case of the liquidation, dissolution or winding-up of the Payor, any Taxes
imposed in connection with a Note presented for payment by or on behalf of a noteholder or
beneficial owner to the extent such Taxes could have been avoided by presenting such Note to, or
otherwise accepting payment from, another paying agent in a member state of the European Union; or

          (7) any combination of the above.

          Such Additional Amounts will also not be payable (x) if the payment could have been made
without such deduction or withholding if the beneficiary of the payment had presented the Note for
payment (where presentation is required) within 30 days after the relevant payment was first made
available for payment to the noteholder or (y) where, had the beneficial owner of the Note been the
holder of the Note, such beneficial owner would not have been entitled to payment of Additional
Amounts by reason of any of clauses (1) to (7) inclusive above.

          The Payor will (i) make any required withholding or deduction and (ii) remit the full amount
withheld or deducted to the relevant taxing authority of the Relevant Taxing Jurisdiction in
accordance with applicable law. Upon request, such Payor will use all reasonable efforts to obtain
certified copies of tax receipts evidencing the payment of any Taxes so deducted or withheld from
each relevant taxing authority of each Relevant Taxing Jurisdiction imposing such Taxes and will
provide such certified copies to the Trustee. If, notwithstanding the efforts of such Payor to
obtain such receipts, the same are not obtainable, such Payor will provide the Trustee with other
evidence reasonably satisfactory to the relevant noteholder.

          If any Payor will be obligated to pay Additional Amounts under or with respect to any payment
made on the Notes or any Guarantee, at least 30 days prior to the date of such payment, such Payor
will deliver to the Trustee an Officers’ Certificate stating the fact that

A-11

 

Additional Amounts will be payable and the amount so payable and such other information
necessary to enable the Paying Agent to pay Additional Amounts to noteholders on the relevant
payment date (unless such obligation to pay Additional Amounts arises less than 45 days prior to
the relevant payment date, in which case such Payor shall deliver such Officers’ Certificate and
such other information as promptly as practicable after the date that is 30 days prior to the
payment date, but no less than five (5) Business Days prior thereto, and otherwise in accordance
with the requirements of DTC).

          Wherever in the Indenture, the Notes or any Guarantee there is mentioned, in any context:

          (1) the payment of principal,

          (2) redemption prices or purchase prices in connection with a redemption or purchase of Notes,

          (3) interest, or

          (4) any other amount payable on or with respect to any of the Notes or any Guarantee,

          such reference shall be deemed to include payment of Additional Amounts as described under
this Section 6 to the extent that, in such context, Additional Amounts are, were or would be
payable in respect thereof.

          The foregoing obligations will survive any termination, defeasance or discharge of the
Indenture and will apply mutatis mutandis to any jurisdiction in which any successor to an Issuer
is organized or otherwise considered to be a resident for tax purposes or any political subdivision
or taxing authority or agency thereof or therein.

11. [Reserved.]

12. Denominations; Transfer; Exchange

          The Notes are in registered form, without coupons, in minimum denominations of $2,000 and any
integral multiple of $1,000 in excess thereof. A Holder shall register the transfer of or exchange
of Notes in accordance with the Indenture. Upon any transfer or exchange, the Registrar and the
Trustee may require a Holder, among other things, to furnish appropriate endorsements or transfer
documents, furnish information regarding the account of the transferee at DTC, where appropriate,
furnish certain certificates and opinions, and pay any taxes, duties and governmental charges in
connection with such transfer or exchange. The Registrar need not register the transfer of or
exchange any Notes selected for redemption (except, in the case of a Note to be redeemed in part,
the portion of the Note not to be redeemed) or to transfer or exchange any Notes for a period of 15
days prior to a selection of Notes to be redeemed.

A-12

 

13. Persons Deemed Owners

          The registered Holder of this Note shall be treated as the owner of it for all purposes.

14. Unclaimed Money

          If money for the payment of principal or interest remains unclaimed for two years, the Trustee
and the Paying Agent shall pay the money back to the Issuer at its written request unless an
abandoned property law designates another Person. After any such payment, the Holders entitled to
the money must look to the Issuer for payment as general creditors and the Trustee and the Paying
Agent shall have no further liability with respect to such monies.

15. Discharge and Defeasance

          Subject to certain conditions, the Issuer at any time may terminate some of or all its
obligations under the Notes and the Indenture if the Issuer, among other things, deposits with the
Trustee cash in US Dollars, for the payment of principal, premium, if any and interest on the Notes
to redemption or maturity, as the case may be.

16. Amendment; Waiver

          Subject to certain exceptions set forth in the Indenture, (i) the Indenture and the Notes may
be amended with the consent of the Holders of a majority in principal amount of the outstanding
Notes (voting as a single class) and (ii) any past default or compliance with any provisions may be
waived with the written consent of the Holders of a majority in principal amount of the outstanding
Notes. Subject to certain exceptions set forth in the Indenture, without the consent of any
Holder, the Issuer, the Company and the Trustee may amend the Indenture and the Notes: (i) to cure
any ambiguity, omission, mistake, defect or inconsistency; (ii) to give effect to any provision of
the Indenture (including the release of any Guarantee in accordance with the terms of Section 10.06
of the Indenture); (iii) to comply with Article V of the Indenture; (iv) to provide for the
assumption by a Successor Issuer or a Successor Holding Company, as applicable, of the obligations
of the Issuer or the Company, as applicable, under the Indenture and the Notes, to provide for the
assumption by a Successor Guarantor of the obligations of a Guarantor under the Indenture and its
Guarantee; (v) to provide for uncertificated Notes in addition to or in place of certificated Notes
(provided that the uncertificated Notes are issued in registered form for purposes of Section
163(f) of the Code); (vi) to add a Guarantee with respect to the Notes or to add collateral for the
benefit of the Notes; (vii) to add to the covenants of the Company and its Subsidiaries for the
benefit of the Holders or to surrender any right or power conferred upon the Company or the Issuer;
(viii) to make any change that does not adversely affect the rights of any Holder; (ix) to evidence
and give effect to the acceptance and appointment under the Indenture of a successor Trustee; (x)
to provide for the accession of the Trustee to any instrument in connection with the Notes; (xi) to
make certain changes to the Indenture to provide for the issuance of Additional Notes; or (xii) to
comply with any requirement of the SEC in connection with the qualification of the Indenture under
the Trust Indenture Act, if such qualification is required.

A-13

 

17. Defaults and Remedies

          If an Event of Default (other than an Event of Default related to certain events of
bankruptcy, insolvency or reorganization with respect to the Company or any Restricted Subsidiary
that, directly or indirectly, owns or holds any Equity Interest of the Issuer) occurs and is
continuing, the Trustee or the holders of at least 25% in principal amount of outstanding Notes by
notice to the Trustee and the Company may declare the principal of, premium, if any, and accrued
but unpaid interest (including additional interest, if any) on all the Notes to be due and payable.
Upon such a declaration, such principal and interest will be due and payable immediately. If an
Event of Default relating to certain events of bankruptcy, insolvency or reorganization with
respect to the Company or any Restricted Subsidiary that, directly or indirectly, owns or holds any
Equity Interest of the Issuer occurs, the principal of, premium, if any, and interest on all the
Notes will become immediately due and payable without any declaration or other act on the part of
the Trustee or any holders. The Holders of a majority in principal amount of the Notes by notice
to the Trustee may rescind an acceleration and its consequences if the rescission would not
conflict with any judgment or decree and if all existing Events of Default have been cured or
waived except nonpayment of principal or interest that has become due solely because of
acceleration. No such rescission shall affect any subsequent Default or impair any right
consequent thereto.

          Subject to provisions of the Indenture relating to the duties of the Trustee, in case an Event
of Default occurs and is continuing, the Trustee will 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 unless such
holders have offered to the Trustee indemnity or security satisfactory to it 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 may pursue any remedy with respect to the Indenture or the
Notes unless (i) such Holder has previously given the Trustee notice that an Event of Default is
continuing, (ii) Holders of at least 25% in principal amount of the outstanding Notes have
requested the Trustee to pursue the remedy, (iii) such Holders have offered the Trustee security or
indemnity satisfactory to it against any loss, liability or expense, (iv) the Trustee has not
complied with such request within 60 days after the receipt of the request and the offer of
security or indemnity and (v) the Holders of a majority in principal amount of the outstanding
Notes have not given the Trustee a direction inconsistent with such request within such 60-day
period. Subject to certain restrictions, the Holders of a majority in principal amount of
outstanding Notes 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. 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 or that would involve the Trustee in personal liability. Prior to taking any action under
the Indenture, the Trustee will be entitled to indemnification satisfactory to it in its sole
discretion against all losses and expenses caused by taking or not taking such action.

18. Trustee Dealings with the Issuer

          The Trustee under the Indenture, in its individual or any other capacity, may become the owner
or pledgee of Notes and may otherwise deal with the Issuer or its Affiliates with the same rights
it would have if it were not Trustee.

A-14

 

19. No Recourse Against Others

          No (i) director, officer, employee, manager, incorporator or holder of any Equity Interests in
the Issuer, the Company or any direct or indirect parent corporation or (ii) director, officer,
employee or manager of a Guarantor, will have any liability for any obligations of the Issuer, the
Company or any Subsidiary Guarantor under the Notes, the Indenture or any Guarantee, 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. The waiver and release are part
of the consideration for issuance of the Notes. The waiver may not be effective to waive
liabilities under the federal securities laws.

20. Authentication

          This Note shall not be valid until an authorized signatory of the Trustee (or an
authenticating agent) manually signs the certificate of authentication on the other side of this
Note.

21. Abbreviations

          Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM
(=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with rights of
survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors
Act).

22. Governing Law

          THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

23. 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, including the obligations of the Holders with respect to a
registration and the indemnification of the Issuer to the extent provided therein.

24. CUSIPs; ISINs

          The Issuer has caused CUSIPs and ISINs to be printed on the Notes and have directed the
Trustee to use CUSIPs and ISINs in notices of redemption as a convenience to the Holders. No
representation is made as to the accuracy of such numbers either as printed on the Notes or as
contained in any notice of redemption and reliance may be placed only on the other identification
numbers placed thereon.

          The Issuer shall furnish to any Holder of Notes upon written request and without charge to the
Holder a copy of the Indenture which has in it the text of this Note. Capitalized terms used but
not defined herein shall have the meanings set forth in the Indenture.

A-15

 

ASSIGNMENT FORM AND CERTIFICATE

To assign this Note, fill in the form below:

I or we assign and transfer this Note to

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

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

and irrevocably appoint            agent to transfer this Note on the books of the
Issuer. The agent may substitute another to act for him.

Date: ___________________ Your Signature: ___________________

Sign exactly as your name appears on the other side of this Original Note.

In connection with any transfer of any of the Notes evidenced by this form and certificate the
undersigned confirms that such Notes are being transferred in accordance with its terms (including
in accordance with all applicable securities laws of the States of the United States and other
jurisdictions):

CHECK ONE BOX BELOW

o (1) in the United States to a person whom the undersigned reasonably believes is a
Qualified Institutional Buyer (as defined in Rule 144A under the Securities Act) (“QIB”) that
purchases for its own account or for the account of a QIB to whom notice is given that such
transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with
Rule 144A;

o (2) outside the United States in an offshore transaction in accordance with Rule 903 or 904
under the Securities Act to a person who is not a US person (as defined in Regulation S under the
Securities Act);

o (3) pursuant to an exemption from registration under the Securities Act provided by Rule
144 thereunder;

o (4) to the Registrar for registration in the name of the Holder, without transfer;

o (5) to the Issuer; or

o (6) pursuant to an effective registration statement under the Securities Act.

Unless one of the boxes is checked, the Registrar shall refuse to register any of the Notes
evidenced by this certificate in the name of any Person other than the registered Holder thereof;
provided, however, that if box (2) or (3) is checked, the Registrar shall be entitled to require,
prior to registering any such transfer of the Notes, such legal opinions, certifications and other
information as the Registrar and, if applicable, the Issuer has reasonably requested to confirm

A-16

 

that such transfer is being made pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the Securities Act.

	 	 	 

	 

	 	 
	 

	 	Signature
	 
	 	 
	 
	 	 
	 

	 	 
	 

	 	Signature

TO BE COMPLETED BY PURCHASER IF (1) ABOVE IS CHECKED.

          The undersigned represents and warrants that it is purchasing this Note for its own account or
an account with respect to which it exercises sole investment discretion and that it and any such
account is a “qualified institutional buyer” within the meaning of Rule 144A under the US
Securities Act of 1933, and is aware that the sale to it is being made in reliance on Rule 144A and
acknowledges that it has received such information regarding the Issuer and the Guarantors as the
undersigned has requested pursuant to Rule 144A or has determined not to request such information
and that it is aware that the transferor is relying upon the undersigned’s foregoing
representations in order to claim the exemption from registration provided by Rule 144A.

	 	 	 	 	 	 	 

	Dated:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 

Notice: To be executed by an executive officer

A-17

 

[TO BE ATTACHED TO GLOBAL SECURITIES]

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

          The initial principal amount of this Global Security is $_____________. The following
increases or decreases in this Global Security have been made:

	 	 	 	 	 	 	 	 	 
	 	 	Amount of decrease in	 	Amount of increase in	 	Principal amount of this	 	 
	 	 	Principal Amount of this	 	Principal Amount of this	 	Global Security following	 	Signature of authorized
	Date of Exchange	 	Global Security	 	Global Security	 	such decrease or increase	 	signatory of Trustee
	 
	 	 	 	 	 	 	 	 

A-18

 

OPTION OF HOLDER TO ELECT PURCHASE

          If you want to elect to have this Note purchased by the Issuer pursuant to Section 4.06 (Asset
Sale) or 4.08 (Change of Control) of the Indenture, check the box:

	 	 	 

	Asset Sale o
	 	Change of Control o

          If you want to elect to have only part of this Note purchased by the Issuer pursuant to
Section 4.06 (Asset Sale) or 4.08 (Change of Control) of the Indenture, state the amount ($2,000 or
any integral multiple of $1,000 in excess thereof):

$

	 	 	 	 	 	 	 	 	 

	Date:

	 	 	 	 	 	Your Signature:	 	 
	 

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

A-19exv4w4

EXHIBIT 4.4

     FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated as
of January 26, 2011 among UCI INTERNATIONAL, INC. (“UCI”), a Delaware
corporation and an indirect wholly owned subsidiary of UCI Holdings Limited
(the “Company"), each of the parties identified as a MERGER DATE GUARANTOR
on the signature pages hereto (each, a “Merger Date Guarantor” and
collectively, the “Merger Date Guarantors”) and WILMINGTON TRUST FSB, as
trustee, paying agent, transfer agent and registrar under the indenture
referred to below (the “Trustee”).

W I T N E S S E T H :

          WHEREAS Uncle Acquisition 2010 Corp (the “Predecessor Company”) has heretofore executed and
delivered to the Trustee an indenture (the “Indenture”) dated as of January 26, 2011, in respect of
the issuance of an aggregate principal amount of $400,000,000 of its 8.625% Senior Notes due 2019
(the “Notes”);

          WHEREAS the Predecessor Company has merged with and into UCI (the “Merger”) on the date
hereof, and UCI is executing and delivering this Supplemental Indenture to expressly assume all the
obligations of the Predecessor Company under the Notes and the Indenture;

          WHEREAS, pursuant to Section 4.11 of the Indenture, certain subsidiaries of the Company that
guarantee certain other indebtedness, including indebtedness under the credit agreement dated as of
January 26, 2011 (the “Credit Agreement”) among the Predecessor Company, the Company, certain
subsidiaries of the Company identified as borrowers and guarantors, the lenders party thereto and
Credit Suisse AG, are required to become Subsidiary Guarantors with respect to the Notes on the
terms and subject to the conditions set forth herein and in Article X of the Indenture;

          WHEREAS, as a result of the Merger, the Merger Date Guarantors have become indirect
subsidiaries of the Company, and, as of the date hereof, the Merger Date Guarantors have provided
guarantees of indebtedness under the Credit Agreement;

          WHEREAS, each of UCI and the Merger Date Guarantors desires to enter into and deliver this
Supplemental Indenture;

          WHEREAS pursuant to Section 9.01 of the Indenture, the parties hereto are authorized to
execute and deliver this Supplemental Indenture;

          NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, UCI and
the Merger Date Guarantors mutually covenant and agree for the equal and ratable benefit of
the holders of the Notes as follows:

          1. Capitalized Terms. Capitalized terms used herein but not otherwise defined herein
shall have the meanings assigned to them in the Indenture.

 

 

          2. Agreement to Assume. UCI hereby assumes all of the obligations of the Predecessor
Company under the Notes and the Indenture and hereafter shall be deemed the “Issuer” for all
purposes under the Notes and the Indenture.

          3. Agreement to Guarantee. Each Merger Date Guarantor hereby agrees, jointly and
severally with all other Guarantors, to unconditionally guarantee the obligations of the Issuer
under the Notes and the Indenture on the terms and subject to the conditions set forth in Article X
of the Indenture and to be bound by all other provisions of the Indenture and the Notes applicable
to a Guarantor therein.

          4. Ratification of Indenture; Supplemental Indenture Part of the 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. Following the
effectiveness of this Supplemental Indenture, all of the covenants set forth in Article IV of the
Indenture shall be deemed to have been applicable to UCI and the Merger Date Guarantors upon the
issuance of the Notes as if UCI and the Merger Date Guarantors had been parties thereto as of the
issuance of the Notes, and any action or inaction taken by UCI or any Merger Date Guarantor after
the issuance of the Notes and prior to the effectiveness of this Supplemental Indenture that would
have constituted a Default had UCI or such Merger Date Guarantor, as applicable, been a party to
the Indenture at such time shall be deemed a Default by UCI or such Merger Date Guarantor, as
applicable, under the Indenture as of the effectiveness of this Supplemental Indenture. This
Supplemental Indenture shall form a part of the Indenture for all purposes, and every Note
heretofore or hereafter authenticated and delivered shall be bound hereby.

          5. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF
LAW.

          6. Trustee Makes No Representation. The Trustee makes no representation as to the
validity or sufficiency of this Supplemental Indenture.

          7. Duplicate Originals. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent
the same agreement.

          8. Effect of Headings. The Section headings herein are for convenience only and
shall not effect the construction thereof.

          9. No Adverse Interpretation of Other Agreements. This Supplemental Indenture may
not be used to interpret another indenture, loan or debt agreement (other than the Indenture)
of the Company or any of its Subsidiaries. Any such indenture, loan or debt agreement may not
be used to interpret this Supplemental Indenture.

          10. No Recourse Against Others. No (i) director, officer, employee, manager,
incorporator or holder of any Equity Interests in UCI or any direct or indirect parent corporation
or (ii) director, officer, employee or manager of a Merger Date Guarantor, will have any liability
for

2

 

any obligations of UCI or any Merger Date Guarantor under the Notes, this Supplemental
Indenture or any Guarantee 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. The waiver and release are part of the consideration for issuance of the Notes.
The waiver may not be effective to waive liabilities under the federal securities laws.

          11. Successors and Assigns. All covenants and agreements of UCI and the Merger Date
Guarantors in this Supplemental Indenture and the Notes shall bind their respective successors and
assigns. All agreements of the Trustee in this Supplemental Indenture shall bind its successors and
assigns.

          12. Severability. In case any one or more of the provisions contained in this
Supplemental Indenture or the Notes shall for any reason be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any
other provisions of this Supplemental Indenture or the Notes.

          13. Notices. Any order, consent, notice or communication given pursuant to this
Supplemental Indenture shall be sufficiently given if in writing and delivered in person or mailed
by first class mail, postage prepaid, addressed as follows:

     If to UCI or any Merger Date Guarantor:

Rank Group

Suite 2502

Level 25, Citigroup Centre

2 Park Street

Sydney 2000, Australia

Fax No.: +6192686693

Attn: Helen Golding

     with a copy to:

UCI International, Inc.

14601 Highway 41 North

Evansville, Indiana 47725

Fax No.: 812-867-4157

Attn: Keith Zar

          14. Amendments and Modification. This Supplemental Indenture may be amended,
modified, or supplemented only as permitted by the Indenture and by written agreement of each of
the parties hereto.

3

 

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

	 	 	 	 	 
	 	UCI INTERNATIONAL, INC., as Issuer

 	 
	 	by  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 
	 	UNITED COMPONENTS, INC., as a Merger Date

Guarantor

 	 
	 	by  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 
	 	AIRTEX INDUSTRIES, LLC, as a Merger Date

Guarantor

 	 
	 	by  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 
	 	AIRTEX PRODUCTS, LP, as a Merger Date

Guarantor

 	 
	 	by  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 
	 	ASC HOLDCO, INC., as a Merger Date Guarantor

 	 
	 	by  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Supplemental Indenture]

 

	 	 	 	 	 
	 	ASC INDUSTRIES, INC., as a Merger Date

Guarantor

 	 
	 	by  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 
	 	CHAMPION LABORATORIES, INC., as a Merger Date

Guarantor

 	 
	 	by  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 
	 	UCI — AIRTEX HOLDINGS, INC., as a Merger Date

Guarantor

 	 
	 	by  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 
	 	UCI PENNSYLVANIA, INC., as a Merger Date

Guarantor

 	 
	 	by  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 
	 	UCI — WELLS HOLDINGS, L.L.C., as a Merger Date

Guarantor

 	 
	 	by  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 
	 	WELLS MANUFACTURING, L.P. as a Merger Date

Guarantor

 	 
	 	by  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Supplemental Indenture]

 

	 	 	 	 	 
	 	WILMINGTON TRUST FSB, as Trustee

 	 
	 	by  	/s/ Frank McDonald
 	 
	 	 	Name:  	Frank McDonald 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Supplemental Indenture]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}]]