Document:

exv10w1

Exhibit 10.1

$600,000,000

Energizer Holdings, Inc.

4.700% Senior Notes due 2021

Purchase Agreement

May 16, 2011

Goldman, Sachs & Co.

Merrill Lynch, Pierce, Fenner & Smith

          Incorporated

J.P. Morgan Securities LLC

As Representatives of the

several Initial Purchasers listed

in Schedule 1 hereto

Goldman, Sachs & Co.

200 West Street

New York, NY 10282

Merrill Lynch, Pierce, Fenner & Smith

          Incorporated

One Bryant Park

New York, NY 10036

J. P. Morgan Securities LLC

383 Madison Avenue

New York, NY 10017

Ladies and Gentlemen:

     Energizer Holdings, Inc., a Missouri corporation (the “Company”), proposes to issue
and sell to the several initial purchasers listed in Schedule 1 hereto (the “Initial
Purchasers”), for whom you are acting as Representatives (the “Representatives”),
$600,000,000 principal amount of its 4.700% Senior Notes due 2021 (the “Securities”). The
Securities will be issued pursuant to an Indenture to be dated as of May 19, 2011 as
supplemented by a supplemental indenture dated as of such date
(together, the “Indenture”)
among the Company, the guarantors listed in Schedule 2 hereto (the “Guarantors”) and The
Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), and will be
guaranteed on an unsecured senior basis by each of the Guarantors (the “Guarantees”).

 

 

     The Securities will be sold to the Initial Purchasers without being registered under
the Securities Act of 1933, as amended (the “Securities Act”), in reliance upon an
exemption therefrom. The Company and the Guarantors have prepared a preliminary offering
memorandum dated May 16, 2011 (the “Preliminary Offering Memorandum”) and will prepare an
offering memorandum dated the date hereof (the “Offering Memorandum”) setting forth
information concerning the Company and the Securities. Copies of the Preliminary Offering
Memorandum have been, and copies of the Offering Memorandum will be, delivered by the
Company to the Initial Purchasers pursuant to the terms of this Agreement. The Company
hereby confirms that it has authorized the use of the Preliminary Offering Memorandum, the
other Time of Sale Information (as defined below) and the Offering Memorandum in
connection with the offering and resale of the Securities by the Initial Purchasers in the
manner contemplated by this Agreement. Capitalized terms used but not defined herein
shall have the meanings given to such terms in the Preliminary Offering Memorandum.
References herein to the Preliminary Offering Memorandum, the Time of Sale Information and
the Offering Memorandum shall be deemed to refer to and include any document incorporated
by reference therein.

     At or prior to the time when sales of the Securities were first made (the “Time of
Sale”), the following information shall have been prepared (collectively, the “Time of
Sale Information”): the Preliminary Offering Memorandum, as supplemented and amended by
the written communications listed on Annex A hereto.

     Holders of the Securities (including the Initial Purchasers and their direct and
indirect transferees) will be entitled to the benefits of a Registration Rights Agreement,
to be dated the Closing Date (as defined below) and substantially in the form attached
hereto as Exhibit A (the “Registration Rights Agreement”), pursuant to which the Company
and the Guarantors will agree to file one or more registration statements with the
Securities and Exchange Commission (the “Commission”) providing for the registration under
the Securities Act of the Securities or the Exchange Securities referred to (and as
defined) in the Registration Rights Agreement.

     The Company hereby confirms its agreement with the several Initial Purchasers
concerning the purchase and resale of the Securities, as follows:

     1. Purchase and Resale of the Securities. (a) The Company agrees to issue
and sell the Securities to the several Initial Purchasers as provided in this Agreement,
and each Initial Purchaser, on the basis of the representations, warranties and agreements
set forth herein and subject to the conditions set forth herein, agrees, severally and not
jointly, to purchase from the Company the respective principal amount of Securities set
forth opposite such Initial Purchaser’s name in Schedule 1 hereto at a price equal to
99.342% of the principal amount thereof plus accrued interest, if any, from May 19, 2011
to the Closing Date (as defined below). The Company will not be obligated to deliver any
of the Securities except upon payment for all the Securities to be purchased as provided
herein.

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     (b) The Company understands that the Initial Purchasers intend to offer the
Securities for resale on the terms set forth in the Time of Sale Information. Each
Initial Purchaser, severally and not jointly, represents, warrants and agrees that:

     (i) it is a qualified institutional buyer (a “QIB”) within the meaning of Rule
144A under the Securities Act (“Rule 144A”) and an accredited investor within the
meaning of Rule 501(a) under the Securities Act;

     (ii) it has not solicited offers for, or offered or sold, and will not solicit
offers for, or offer or sell, the Securities by means of any form of general
solicitation or general advertising within the meaning of Rule 502(c) of Regulation
D under the Securities Act (“Regulation D”) or in any manner involving a public
offering within the meaning of Section 4(2) of the Securities Act; and

     (iii) it has not solicited offers for, or offered or sold, and will not
solicit offers for, or offer or sell, the Securities as part of their initial
offering except:

     (A) within the United States to persons whom it reasonably believes to
be QIBs in transactions pursuant to Rule 144A and in connection with each
such sale, it has taken or will take reasonable steps to ensure that the
purchaser of the Securities is aware that such sale is being made in
reliance on Rule 144A; or

     (B) in accordance with the restrictions set forth in Annex C hereto.

     (c) Each Initial Purchaser acknowledges and agrees that the Company and, for purposes
of the opinions to be delivered to the Initial Purchasers pursuant to Sections 6(f) and
6(g), counsel for the Company and counsel for the Initial Purchasers, respectively, may
rely upon the accuracy of the representations and warranties of the Initial Purchasers,
and compliance by the Initial Purchasers with their agreements, contained in paragraph (b)
above (including Annex C hereto), and each Initial Purchaser hereby consents to such
reliance.

     (d) The Company acknowledges and agrees that the Initial Purchasers may offer and
sell Securities to or through any affiliate of an Initial Purchaser and that any such
affiliate may offer and sell Securities purchased by it to or through any Initial
Purchaser (a “Participating Affiliate”).

     (e) The Company and the Guarantors acknowledge and agree that the Initial Purchasers
are acting solely in the capacity of arm’s length contractual counterparties to the
Company and the Guarantors with respect to the offering of Securities contemplated hereby
(including in connection with determining the terms of the offering) and not as financial
advisors or fiduciaries to, or agents of, the Company, the Guarantors or any other person.
Additionally, neither the Representatives nor any other Initial Purchaser is advising the
Company, the Guarantors or any other person as to any legal, tax,

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investment, accounting or regulatory matters in any jurisdiction. The Company and the
Guarantors shall consult with their own advisors concerning such matters and shall be
responsible for making their own independent investigation and appraisal of the
transactions contemplated hereby, and neither the Representatives nor any other Initial
Purchaser shall have any responsibility or liability to the Company or the Guarantors with
respect thereto. Any review by the Representatives or any Initial Purchaser of the
Company, the Guarantors, and the transactions contemplated hereby or other matters
relating to such transactions will be performed solely for the benefit of the
Representatives or such Initial Purchaser, as the case may be, and shall not be on behalf
of the Company, the Guarantors or any other person.

     2. Payment and Delivery. (a) Payment for and delivery of the Securities
will be made at the offices of Davis Polk & Wardwell LLP, 450 Lexington Avenue, New York,
NY 10017 at 10:00 A.M., New York City time, on May 19, 2011, or at such other time or
place on the same or such other date, not later than the fifth business day thereafter, as
the Representatives and the Company may agree upon in writing. The time and date of such
payment and delivery is referred to herein as the “Closing Date.”

     (b) Payment for the Securities shall be made by wire transfer in immediately
available funds to the account(s) specified by the Company to the Representatives against
delivery to the nominee of The Depository Trust Company, for the account of the Initial
Purchasers, of one or more global notes representing the Securities (collectively, the
“Global Note”), with any transfer taxes payable in connection with the sale of the
Securities duly paid by the Company. The Global Note will be made available for
inspection by the Representatives not later than 1:00 P.M., New York City time, on the
business day prior to the Closing Date.

     3. Representations and Warranties of the Company and the Guarantors. The
Company and the Guarantors jointly and severally represent and warrant to each Initial
Purchaser that:

     (a) Preliminary Offering Memorandum, Time of Sale Information and Offering
Memorandum. The Preliminary Offering Memorandum, as of its date, did not, the Time of
Sale Information, at the Time of Sale, did not, and at the Closing Date, will not, and the
Offering Memorandum, in the form first used by the Initial Purchasers to confirm sales of
the Securities and as of the Closing Date, will not, contain any untrue statement of a
material fact or omit to state a material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not misleading;
provided that the Company and the Guarantors make no representation or warranty
with respect to any statements or omissions made in reliance upon and in conformity with
the Initial Purchaser Information as defined in Section 7(b) hereof.

     (b) Additional Written Communications. The Company (including its agents and
representatives, other than the Initial Purchasers in their capacity as such) has not
prepared, made, used, authorized, approved or referred to and will not prepare, make, use,
authorize, approve or refer to any written communication that constitutes an offer to

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sell or solicitation of an offer to buy the Securities (each such communication by the
Company or its agents and representatives (other than a communication referred to in
clauses (i), (ii) and (iii) below) an “Issuer Written Communication”) other than (i) the
Preliminary Offering Memorandum, (ii) the Offering Memorandum, (iii) the documents listed
on Annex A hereto, including a term sheet substantially in the form of Annex B hereto,
which constitute part of the Time of Sale Information, and (iv) any electronic road show
or other written communications, in each case used in accordance with Section 4(c). Each
such Issuer Written Communication does not conflict with the information contained in the
Preliminary Offering Memorandum or the Offering Memorandum. Each such Issuer Written
Communication, when taken together with the Time of Sale Information, did not, and at the
Closing Date will not, contain any untrue statement of a material fact or omit to state a
material fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that the
Company makes no representation and warranty with respect to any statements or omissions
made in each such Issuer Written Communication in reliance upon and in conformity with
information relating to any Initial Purchaser furnished to the Company in writing by such
Initial Purchaser through the Representatives expressly for use in any Issuer Written
Communication.

     (c) Incorporated Documents. The documents incorporated by reference in each of the
Time of Sale Information and the Offering Memorandum, when filed with the Commission,
conformed or will conform, as the case may be, in all material respects to the
requirements of the Exchange Act and the rules and regulations of the Commission
thereunder, and did not and will not contain any untrue statement of a material fact or
omit to state a material fact required to be stated therein or necessary in order to make
the statements therein, in the light of the circumstances under which they were made, not
misleading.

     (d) Financial Statements. The financial statements and the related notes thereto
included or incorporated by reference in each of the Time of Sale Information and the
Offering Memorandum present fairly in all material respects the financial position of the
Company and its subsidiaries as of the dates indicated and the results of their operations
and the changes in their cash flows for the periods specified; such financial statements
have been prepared in conformity with generally accepted accounting principles applied on
a consistent basis throughout the periods covered thereby except as set forth in the notes
thereto; and the other financial information included or incorporated by reference in each
of the Time of Sale Information and the Offering Memorandum has been derived from the
accounting records of the Company and its subsidiaries and presents fairly in all material
respects the information shown thereby.

     (e) No Material Adverse Change. Since the date of the most recent financial
statements of the Company included or incorporated by reference in each of the Time of
Sale Information and the Offering Memorandum (i) there has not been any material change in
the long-term debt of the Company or any of its subsidiaries, or any dividend or
distribution of any kind declared, set aside for payment, paid or made by the

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Company on any class of capital stock, or any material adverse change, or development
involving a prospective change that has had, or would reasonably be expected to have, a
material adverse effect on the business, properties, management, financial position,
results of operations or prospects of the Company and its subsidiaries taken as a whole;
(ii) neither the Company nor any of its subsidiaries has entered into any transaction or
agreement that is material to the Company and its subsidiaries taken as a whole or
incurred any liability or obligation, direct or contingent, that is material to the
Company and its subsidiaries taken as a whole; and (iii) neither the Company nor any of
its subsidiaries has sustained any material loss or interference with its business from
fire, explosion, flood or other calamity, whether or not covered by insurance, or from any
labor disturbance or dispute or any action, order or decree of any court or arbitrator or
governmental or regulatory authority, except in the case of each of clause (i), (ii) and
(iii) above as otherwise disclosed in the Time of Sale Information.

     (f) Organization and Good Standing. The Company and each of the Guarantors have been
duly organized and are validly existing and in good standing under the laws of their
respective jurisdictions of organization, are duly qualified to do business and are in
good standing in each jurisdiction in which their respective ownership or lease of
property or the conduct of their respective businesses requires such qualification, and
have all power and authority necessary to own or hold their respective properties and to
conduct the businesses in which they are engaged, except where the failure to be so
qualified, in good standing or have such power or authority would not, individually or in
the aggregate, have a material adverse effect on the business, properties, management,
financial position, results of operations or prospects of the Company and its subsidiaries
taken as a whole or on the performance by the Company and the Guarantors of their
obligations under the Securities and the Guarantees (a “Material Adverse Effect”). The
subsidiaries listed in Schedule 3 to this Agreement are, as of March 31, 2011, the only
significant subsidiaries of the Company within the meaning of Rule 1-02(w) of Regulation
S-X.

     (g) Capitalization. The Company has an authorized capitalization as set forth in
each of the Time of Sale Information and the Offering Memorandum under the heading
“Capitalization”; and all the outstanding shares of capital stock or other equity
interests of each subsidiary of the Company have been duly and validly authorized and
issued, are fully paid and non-assessable and are owned directly or indirectly by the
Company (except, in the case of any foreign subsidiary, for directors’ qualifying shares),
free and clear of any lien, charge, encumbrance, security interest, restriction on voting
or transfer or any other claim of any third party, except those that would not,
individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect.

     (h) Due Authorization. The Company and each of the Guarantors have full right, power
and authority to execute and deliver this Agreement, the Securities, the Indenture
(including each Guarantee set forth therein), the Exchange Securities and the Registration
Rights Agreement (collectively, the “Transaction Documents”) and to perform their
respective obligations hereunder and thereunder; and all action required to

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be taken for the due and proper authorization, execution and delivery of each of the
Transaction Documents and the consummation of the transactions contemplated thereby has
been duly and validly taken.

     (i) The Indenture. The Indenture has been duly authorized by the Company and each of
the Guarantors and, when duly executed and delivered in accordance with its terms by each
of the parties thereto, will constitute a valid and legally binding agreement of the
Company and each of the Guarantors enforceable against the Company and each of the
Guarantors in accordance with its terms, except as enforceability may be limited by
applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’
rights generally or by equitable principles relating to enforceability (collectively, the
“Enforceability Exceptions”); and on the Closing Date, the Indenture will conform in all
material respects to the requirements of the Trust Indenture Act of 1939, as amended (the
“Trust Indenture Act”), and the rules and regulations of the Commission applicable to an
indenture that is qualified thereunder.

     (j) The Securities and the Guarantees. The Securities have been duly authorized by
the Company and, when duly executed, authenticated, issued and delivered as provided in
the Indenture and paid for as provided herein, will be duly and validly issued and
outstanding and will constitute valid and legally binding obligations of the Company
enforceable against the Company in accordance with their terms, subject to the
Enforceability Exceptions, and will be entitled to the benefits of the Indenture; and the
Guarantees have been duly authorized by each of the Guarantors and, when the Securities
have been duly executed, authenticated, issued and delivered as provided in the Indenture
and paid for as provided herein, will be valid and legally binding obligations of each of
the Guarantors, enforceable against each of the Guarantors in accordance with their terms,
subject to the Enforceability Exceptions, and will be entitled to the benefits of the
Indenture.

     (k) The Exchange Securities. On the Closing Date, the Exchange Securities (including
the related guarantees) will have been duly authorized by the Company and each of the
Guarantors and, when duly executed, authenticated, issued and delivered as contemplated by
the Registration Rights Agreement, will be duly and validly issued and outstanding and
will constitute valid and legally binding obligations of the Company, as issuer, and each
of the Guarantors, as guarantor, enforceable against the Company and each of the
Guarantors in accordance with their terms, subject to the Enforceability Exceptions, and
will be entitled to the benefits of the Indenture.

     (l) Purchase and Registration Rights Agreements. This Agreement has been duly
authorized, executed and delivered by the Company and each of the Guarantors; and the
Registration Rights Agreement has been duly authorized by the Company and each of the
Guarantors and on the Closing Date will be duly executed and delivered by the Company and
each of the Guarantors and, when duly executed and delivered in accordance with its terms
by each of the parties thereto, will constitute a valid and legally binding agreement of
the Company and each of the Guarantors enforceable against the Company and each of the
Guarantors in accordance with its terms, subject to the

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Enforceability Exceptions, and except that rights to indemnity and contribution thereunder
may be limited by applicable law and public policy.

     (m) Descriptions of the Transaction Documents. Each Transaction Document conforms in
all material respects to the description thereof contained in each of the Time of Sale
Information and the Offering Memorandum.

     (n) No Violation or Default. Neither the Company nor any of the Guarantors is (i) in
violation of its charter or by-laws or similar organizational documents; (ii) in default,
and no event has occurred that, with notice or lapse of time or both, would constitute
such a default, in the due performance or observance of any term, covenant or condition
contained in any indenture, mortgage, deed of trust, loan agreement or other agreement or
instrument to which the Company or any of the Guarantors is a party or by which the
Company or any of the Guarantors is bound or to which any of the property or assets of the
Company or any of the Guarantors is subject; or (iii) except as described in the Time of
Sale Information and the Offering Memorandum, in violation of any law or statute or any
judgment, order, rule or regulation of any court or arbitrator or governmental or
regulatory authority, except, in the case of clauses (ii) and (iii) above, for any such
default or violation that would not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect.

     (o) No Conflicts. The execution, delivery and performance by the Company and each of
the Guarantors of each of the Transaction Documents to which each is a party, the issuance
and sale of the Securities (including the Guarantees) and the consummation of the
transactions contemplated by the Transaction Documents will not (i) conflict with or
result in a breach or violation of any of the terms or provisions of, or constitute a
default under, or result in the creation or imposition of any lien, charge or encumbrance
upon any property or assets of the Company or any of the Guarantors pursuant to, any
indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to
which the Company or any of the Guarantors is a party or by which the Company or any of
the Guarantors is bound or to which any of the property or assets of the Company or any of
the Guarantors is subject, (ii) result in any violation of the provisions of the charter
or by-laws or similar organizational documents of the Company or any of the Guarantors or
(iii) result in the violation of any law or statute or any judgment, order, rule or
regulation of any court or arbitrator or governmental or regulatory authority, except, (x)
in the case of clauses (i) and (iii) above, for any such conflict, breach, violation or
default that would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect and (y) in the case of clause (iii) above, for any such violation
that may arise under applicable state securities laws or rules or statutes in connection
with the purchase and distribution of the Securities by the Initial Purchasers.

     (p) No Consents Required. No consent, approval, authorization, order, registration
or qualification of or with any court or arbitrator or governmental or regulatory
authority is required of the Company or any Guarantor for the execution, delivery and
performance by the Company and each of the Guarantors of each of the Transaction Documents
to which each is a party, the issuance and sale of the Securities (including the

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Guarantees) and compliance by the Company and each of the Guarantors with the terms
thereof and the consummation of the transactions contemplated by the Transaction
Documents, except (i) as have been obtained or made and (ii) for such consents, approvals,
authorizations, orders and registrations or qualifications (A) as may be required (x)
under applicable state securities laws or any foreign laws or statutes in connection with
the purchase and resale of the Securities by the Initial Purchasers and (y) with respect
to the Exchange Securities (including the related guarantees) under the Securities Act,
the Trust Indenture Act and applicable state securities laws as contemplated by the
Registration Rights Agreement or (B) as described in the Time of Sale Information and the
Offering Memorandum or (C) as may be required as a result of the legal or regulatory
status of any person (other than the Company or its subsidiaries) because of any other
facts specifically pertaining to such person.

     (q) Legal Proceedings. Except as described in each of the Time of Sale Information
and the Offering Memorandum, there are no legal, governmental or regulatory
investigations, actions, suits or proceedings pending, or, to the knowledge of the
Company, threatened, to which the Company or any of its subsidiaries is or may be a party
or, in the case of investigations, to the knowledge of the Company, may reasonably be
expected to be a party or to which any property of the Company or any of its subsidiaries
is the subject or, in the case of investigations, to the knowledge of the Company, may
reasonably be expected to be the subject that, individually or in the aggregate, if
determined adversely to the Company or any of its subsidiaries, could reasonably be
expected to have a Material Adverse Effect; and no such investigations, actions, suits or
proceedings are, to the knowledge of the Company and each of the Guarantors, threatened or
contemplated by any governmental or regulatory authority or threatened by others.

     (r) Independent Accountants. To the Company’s knowledge, after reasonable inquiry,
PricewaterhouseCoopers, who have certified certain financial statements of the Company and
its subsidiaries, is an independent registered public accounting firm with respect to the
Company and its subsidiaries within the applicable rules and regulations adopted by the
Commission and the Public Company Accounting Oversight Board (United States) and as
required by the Securities Act.

     (s) Title to Real and Personal Property. Except as would not reasonably be expected,
individually or in the aggregate, to have a Material Adverse Effect, the Company and its
subsidiaries have good title in fee simple (in the case of owned real property) to, or
have valid rights to lease or otherwise use, all items of real and personal property that
are material to the respective businesses of the Company and its subsidiaries, in each
case, to the knowledge of the Company, free and clear of all liens, encumbrances, claims
and defects and imperfections of title except those that (i) are shown on the financial
statements (including the related notes thereto) of the Company and its consolidated
subsidiaries included or incorporated by reference, or otherwise described or disclosed in
the Time of Sale Information or the Offering Memorandum or (ii) do not materially
interfere with the use made and proposed to be made of such property by the Company and
its subsidiaries.

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     (t) Title to Intellectual Property. The Company and/or its subsidiaries own or
possess adequate rights to use all material patents, patent applications, trademarks,
service marks, trade names, trademark registrations, service mark registrations,
copyrights, licenses and know-how (including trade secrets and other unpatented and/or
unpatentable proprietary or confidential information, systems or procedures) necessary for
the conduct of their respective businesses, except as would not reasonably be expected to
result in a Material Adverse Effect and, to the Company’s knowledge, the conduct of their
respective businesses will not conflict in any material respect with any such rights of
others, and the Company and its subsidiaries have not received any notice of any claim of
infringement of or conflict with any such intellectual property rights of others that
would reasonably be expected to result in a Material Adverse Effect.

     (u) No Undisclosed Relationships. No relationship, direct or indirect, exists
between or among the Company or any of its subsidiaries, on the one hand, and the
directors, officers, shareholders or other affiliates of the Company or any of its
subsidiaries, on the other, that would be required by the Securities Act to be described
in a registration statement to be filed with the Commission and that is not so described
in each of the Time of Sale Information and the Offering Memorandum.

     (v) Investment Company Act. Neither the Company nor any of the Guarantors is, and
after giving effect to the offering and sale of the Securities and the application of the
proceeds thereof as described in each of the Time of Sale Information and the Offering
Memorandum none of them will be, an “investment company” or an entity “controlled” by an
“investment company” within the meaning of the Investment Company Act of 1940, as amended,
and the rules and regulations of the Commission thereunder (collectively, the “Investment
Company Act”).

     (w) Taxes. Each of the Company and its subsidiaries has filed all federal, state,
local and foreign tax returns required to be filed by it through the date hereof and paid
all taxes as shown thereon and all assessments received by it to the extent required to be
paid and not being contested in good faith, except where the failure to do so would not
reasonably be expected to have a Material Adverse Effect; and to the Company’s knowledge,
except as otherwise disclosed in each of the Time of Sale Information and the Offering
Memorandum, there is no tax deficiency that has been, or would reasonably be expected to
be, asserted in writing against the Company or any of its subsidiaries or any of their
respective properties or assets that would reasonably be expected to have a Material
Adverse Effect.

     (x) Licenses and Permits. Except as described in the Time of Sale Information and
the Offering Memorandum, the Company and its subsidiaries possess all licenses,
certificates, permits and other authorizations issued by, and have made all declarations
and filings with, the appropriate federal, state, local or foreign governmental or
regulatory authorities that are necessary for the ownership or lease of their respective
properties or the conduct of their respective businesses as described in each of the Time
of Sale Information and the Offering Memorandum, except where the failure to possess or
make

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the same would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect; and except as described in each of the Time of Sale Information
and the Offering Memorandum, neither the Company nor any of its subsidiaries has received
notice of any revocation or modification of any such license, certificate, permit or
authorization that would not reasonably be expected to have a Material Adverse Effect or
has any reason to believe that any such license, certificate, permit or authorization will
not be renewed in the ordinary course, except where such event would not reasonably be
expected to have a Material Adverse Effect.

     (y) No Labor Disputes. (i) No labor disturbance by or dispute with employees of the
Company or any of its subsidiaries exists or, to the knowledge of the Company and each of
the Guarantors, is contemplated or threatened and (ii) neither the Company nor any
Guarantor is aware of any existing or imminent labor disturbance by, or dispute with, the
employees of any of the Company’s or any of the Company’s subsidiaries’ principal
suppliers, contractors or customers, except with respect to clauses (i) and (ii) above as
would not reasonably be expected to have a Material Adverse Effect.

     (z) Compliance With Environmental Laws. Except as described in the Time of Sale
Information and the Offering Memorandum, (i) the Company and its subsidiaries (x) are, and
to the knowledge of the Company, at all prior times were, in compliance with any and all
applicable federal, state, local and foreign laws (including common law), rules,
regulations, requirements, decisions, judgments, decrees and orders relating to the
protection of human health or safety, the environment, natural resources, hazardous or
toxic substances or wastes, pollutants or contaminants (collectively, “Environmental
Laws”), (y) have received and are in compliance with all permits, licenses, certificates
or other authorizations or approvals (collectively, “Approvals”) required of them under
applicable Environmental Laws to conduct their respective businesses, and (z) have not
received notice of any actual or potential liability, or violation, under or relating to
any Environmental Laws, including for the investigation, remediation, disposal or release
of hazardous or toxic substances or wastes, pollutants or contaminants, other than with
respect to such notices as have been resolved and for which no costs, obligations or
damages remain, and have no knowledge of any event or condition that would reasonably be
expected to result in any such notice, and (ii) there are no costs or liabilities
(including, without limitation, any capital or operating expenditures required for
clean-up, closure of properties or compliance with Environmental Laws or any Approval, any
related constraints on operating activities and any potential liabilities to third
parties) of or relating to the Company or its subsidiaries, except in the case of each of
(i) and (ii) above, for any such failure to comply, or failure to receive required
Approvals, or notice, or cost or liability, as would not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect; and (iii) except as
described in each of the Time of Sale Information and the Offering Memorandum, (x) there
are no proceedings that are pending, or that are known by the Company to be contemplated,
against the Company or any of its subsidiaries under any Environmental Laws in which a
governmental entity is also a party, other than such proceedings which the Company
reasonably believes will not result in monetary sanctions (exclusive of any interest or
costs) of $100,000 or more, (y) the Company and its subsidiaries are not aware of any
issues regarding

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compliance with Environmental Laws, or liabilities or other obligations under
Environmental Laws or concerning hazardous or toxic substances or wastes, pollutants or
contaminants, that would reasonably be expected to have a material effect on the capital
expenditures, earnings or competitive position of the Company and its subsidiaries, and
(z) none of the Company and its subsidiaries anticipates material capital expenditures
relating to any Environmental Laws.

     (aa) Compliance With ERISA. Except as would not reasonably be expected to have a
Material Adverse Effect or as disclosed in the Time of Sale Information and the Offering
Memorandum, (i) Each employee benefit plan, within the meaning of Section 3(3) of the
Employee Retirement Income Security Act of 1974, as amended (“ERISA”), for which the
Company or any member of its “Controlled Group” (defined as any organization which is a
member of a controlled group of corporations within the meaning of Section 414 of the
Internal Revenue Code of 1986, as amended (the “Code”)) would have any liability (each, a
“Plan”) has been maintained in compliance with its terms and the requirements of any
applicable statutes, orders, rules and regulations, including but not limited to ERISA and
the Code; (ii) no prohibited transaction, within the meaning of Section 406 of ERISA or
Section 4975 of the Code, has occurred with respect to any Plan excluding transactions
effected pursuant to a statutory or administrative exemption; (iii) for each Plan that is
subject to the funding rules of Section 412 of the Code or Section 302 of ERISA, no
“accumulated funding deficiency” as defined in Section 412 of the Code, whether or not
waived, has occurred or is reasonably expected to occur; (iv) the fair market value of the
assets of each Plan exceeds the present value of all benefits accrued under such Plan as
of the end of the Company’s most recent fiscal year (determined based on those assumptions
used to fund such Plan); (v) no “reportable event” (within the meaning of Section 4043(c)
of ERISA) has occurred or is reasonably expected to occur; and (vi) neither the Company
nor any member of the Controlled Group has incurred, nor reasonably expects to incur, any
liability under Title IV of ERISA (other than contributions to the Plan or premiums to the
PBGC, in the ordinary course and without default) in respect of a Plan (including a
“multiemployer plan”, within the meaning of Section 4001(a)(3) of ERISA).

     (bb) Disclosure Controls. The Company and its subsidiaries maintain an effective
system of “disclosure controls and procedures” (as defined in Rule 13a-15(e) of the
Exchange Act) that is designed to provide reasonable assurance that information required
to be disclosed by the Company in reports that it files or submits under the Exchange Act
is recorded, processed, summarized and reported within the time periods specified in the
Commission’s rules and forms, including controls and procedures designed to ensure that
such information is accumulated and communicated to the Company’s management as
appropriate to allow timely decisions regarding required disclosure. The Company and its
subsidiaries have carried out evaluations of the effectiveness of their disclosure
controls and procedures as required by Rule 13a-15 of the Exchange Act.

     (cc) Accounting Controls. The Company and its subsidiaries maintain systems of
“internal control over financial reporting” (as defined in Rule 13a-15(f) of the Exchange

12

 

Act) that comply in all material respects with the requirements of the Exchange Act and
have been designed by, or under the supervision of, their respective principal executive
and principal financial officers, or persons performing similar functions, to provide
reasonable assurance regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with generally accepted
accounting principles. The Company and its subsidiaries maintain internal accounting
controls sufficient to provide reasonable assurance that (i) transactions are executed in
accordance with management’s general or specific authorizations; (ii) transactions are
recorded as necessary to permit preparation of financial statements in conformity with
generally accepted accounting principles and to maintain asset accountability; (iii)
access to assets is permitted only in accordance with management’s general or specific
authorization; and (iv) the recorded accountability for assets is compared with the
existing assets at reasonable intervals and appropriate action is taken with respect to
any differences. Except as disclosed in each of the Time of Sale Information and the
Offering Memorandum, there are no material weaknesses in the Company’s internal controls.

     (dd) Insurance. Except as would not reasonably be expected to have a Material
Adverse Effect or as described in the Time of Sale Information and the Offering
Memorandum, the Company and its subsidiaries are insured by insurers of recognized
financial responsibility or are self-insured against such losses and risks and in such
amounts as are reasonable and consistent with sound business practices.

     (ee) No Unlawful Payments. Neither the Company nor any of its subsidiaries nor, to
the knowledge of the Company and each of the Guarantors, any director, officer, agent,
employee or other person associated with or acting on behalf of the Company or any of its
subsidiaries has (i) used any corporate funds for any unlawful contribution, gift,
entertainment or other unlawful expense relating to political activity; (ii) made any
direct or indirect unlawful payment to any foreign or domestic government official or
employee from corporate funds; (iii) violated or is in violation of any provision of the
Foreign Corrupt Practices Act of 1977; or (iv) made any bribe, rebate, payoff, influence
payment, kickback or other unlawful payment.

     (ff) Compliance with Money Laundering Laws. The operations of the Company and its
subsidiaries are and have been conducted at all times in compliance with applicable
financial recordkeeping and reporting requirements of the Currency and Foreign
Transactions Reporting Act of 1970, as amended, the money laundering statutes of all
jurisdictions, the rules and regulations thereunder and any related or similar rules,
regulations or guidelines, issued, administered or enforced by any governmental agency
(collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before
any court or governmental agency, authority or body or any arbitrator involving the
Company or any of its subsidiaries with respect to the Money Laundering Laws is pending
or, to the best knowledge of the Company, threatened.

     (gg) Compliance with OFAC. None of the Company, any of its subsidiaries or, to the
knowledge of the Company, any director, officer, agent, employee or affiliate of the
Company or any of its subsidiaries is currently subject to any U.S. sanctions administered

13

 

by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”);
and the Company will not directly or indirectly use the proceeds of the offering of the
Securities hereunder, or lend, contribute or otherwise make available such proceeds to any
subsidiary, joint venture partner or other person or entity, for the purpose of financing
the activities of any person currently subject to any U.S. sanctions administered by OFAC.

     (hh) No Restrictions on Subsidiaries. Except as would not reasonably be expected (i)
to have a Material Adverse Effect or a material adverse effect upon the ability of the
Company and the Guarantors to make payment upon the Securities at their stated maturity or
(ii) as described in the Time of Sale Information and the Offering Memorandum, no
subsidiary of the Company is currently prohibited, directly or indirectly, under any
agreement or other instrument to which it is a party or is subject, from paying any
dividends to the Company, from making any other distribution on such subsidiary’s capital
stock, from repaying to the Company any loans or advances to such subsidiary from the
Company or from transferring any of such subsidiary’s properties or assets to the Company
or any other subsidiary of the Company.

     (ii) No Broker’s Fees. Neither the Company nor any of its subsidiaries is a party to
any contract, agreement or understanding with any person (other than this Agreement) that
would give rise to a valid claim against any of them or any Initial Purchaser for a
brokerage commission, finder’s fee or like payment in connection with the offering and
sale of the Securities.

     (jj) Rule 144A Eligibility. On the Closing Date, the Securities will not be of the
same class as securities listed on a national securities exchange registered under Section
6 of the Exchange Act or quoted in an automated inter-dealer quotation system; and each of
the Preliminary Offering Memorandum and the Offering Memorandum, as of its respective
date, contains or will contain all the information that, if requested by a prospective
purchaser of the Securities, would be required to be provided to such prospective
purchaser pursuant to Rule 144A(d)(4) under the Securities Act.

     (kk) No Integration. Neither the Company nor any of its affiliates (as defined in
Rule 501(b) of Regulation D) has, directly or through any agent, sold, offered for sale,
solicited offers to buy or otherwise negotiated in respect of, any security (as defined in
the Securities Act), that is or will be integrated with the sale of the Securities in a
manner that would require registration of the Securities under the Securities Act.

     (ll) No General Solicitation or Directed Selling Efforts. None of the Company or any
of its affiliates or any other person acting on its or their behalf (other than the
Initial Purchasers, as to which no representation is made) has (i) solicited offers for,
or offered or sold, the Securities by means of any form of general solicitation or general
advertising within the meaning of Rule 502(c) of Regulation D or in any manner involving a
public offering within the meaning of Section 4(2) of the Securities Act or (ii) engaged
in any directed selling efforts within the meaning of Regulation S under the Securities
Act (“Regulation S”), and all such persons have complied with the offering restrictions
requirement of Regulation S.

14

 

     (mm) Securities Law Exemptions. Assuming the accuracy of the representations and
warranties of the Initial Purchasers contained in Section 1(b) (including Annex C hereto)
and their compliance with their agreements set forth therein, it is not necessary, in
connection with the issuance and sale of the Securities to the Initial Purchasers and the
offer, resale and delivery of the Securities by the Initial Purchasers in the manner
contemplated by this Agreement, the Time of Sale Information and the Offering Memorandum,
to register the Securities under the Securities Act or to qualify the Indenture under the
Trust Indenture Act.

     (nn) No Stabilization. Neither the Company nor any of the Guarantors has taken,
directly or indirectly, any action designed to or that could reasonably be expected to
cause or result in any stabilization or manipulation of the price of the Securities.

     (oo) Margin Rules. Neither the issuance, sale and delivery of the Securities nor the
application of the proceeds thereof by the Company as described in each of the Time of
Sale Information and the Offering Memorandum will violate Regulation T, U or X of the
Board of Governors of the Federal Reserve System or any other regulation of such Board of
Governors.

     (pp) Forward-Looking Statements. The Company has no actual knowledge that any
forward-looking statement (within the meaning of Section 27A of the Securities Act and
Section 21E of the Exchange Act) contained in any of the Time of Sale Information or the
Offering Memorandum, at the time it was made or upon any reaffirmation thereof by the
Company, was false or misleading in any material respect. The statements and financial
information (including the assumptions described herein) incorporated by reference in the
Time of Sale Information and the Offering Memorandum from the Company’s Quarterly Reports
on Form 10-Q for the periods ended on December 31, 2010 and March 31, 2011 (in each case
under the heading “Management’s Discussion and Analysis of Financial Condition and Results
of Operations, and Quantitative and Qualitative Disclosures About Market Risk—Full Year
Outlook” (collectively, the “Projections”) (i) are within the coverage of the safe harbor
for forward looking statements set forth in Section 27A of the Securities Act, Rule 175(b)
under the Securities Act or Rule 3b-6 under the Exchange Act, as applicable, (ii) were
made by the Company with a reasonable basis and in good faith and reflect the Company’s
good faith best estimate of the matters described therein, and (iii) have been prepared in
accordance with Item 10 of Regulation S-K under the Securities Act; all assumptions
material to the Projections are set forth in the Time of Sale Information and the Offering
Memorandum; the assumptions used in the preparation of the Projections are reasonable; and
none of the Company or its subsidiaries are aware of any business, economic or industry
developments inconsistent with the assumptions underlying the Projections.

     (qq) Statistical and Market Data. Nothing has come to the attention of the Company
that has caused the Company to believe that the statistical and market-related data
included or incorporated by reference in each of the Time of Sale Information and the

15

 

Offering Memorandum is not based on or derived from sources that are reliable and accurate
in all material respects.

     (rr) Sarbanes-Oxley Act. There is and has been no failure on the part of the Company
or, to the knowledge of the Company, after reasonable inquiry, any of the Company’s
directors or officers, in their capacities as such, to comply in all material respects
with any provision of the Sarbanes-Oxley Act of 2002 and the rules and regulations
promulgated in connection therewith (the “Sarbanes-Oxley Act”), including Section 402
related to loans and Sections 302 and 906 related to certifications.

     4. Further Agreements of the Company and the Guarantors. The Company and
each of the Guarantors jointly and severally covenant and agree with each Initial
Purchaser that:

     (a) Delivery of Copies. The Company will deliver, without charge, to the Initial
Purchasers until the earlier to occur of (i) the completion of the initial offering by the
Initial Purchasers of the Securities and (ii) the date that is twelve months after the
date hereof, as many copies of the Preliminary Offering Memorandum, any other Time of Sale
Information, any Issuer Written Communication and the Offering Memorandum (including all
amendments and supplements thereto) as the Representatives may reasonably request.

     (b) Offering Memorandum, Amendments or Supplements. Before finalizing the Offering
Memorandum or making or distributing any amendment or supplement to any of the Time of
Sale Information or the Offering Memorandum or filing with the Commission any document
that will be incorporated by reference therein prior to the Closing Date, the Company will
furnish to the Representatives and counsel for the Initial Purchasers a copy of the
proposed Offering Memorandum or such amendment or supplement or document to be
incorporated by reference therein for review, and will not distribute any such proposed
Offering Memorandum, amendment or supplement or file any such document with the Commission
to which the Representatives reasonably object.

     (c) Additional Written Communications. Before making, preparing, using, authorizing,
approving or referring to any Issuer Written Communication prior to the Closing Date, the
Company will furnish to the Representatives and counsel for the Initial Purchasers a copy
of such written communication for review and will not make, prepare, use, authorize,
approve or refer to any such written communication to which the Representatives reasonably
object.

     (d) Notice to the Representatives. Prior to the completion of the initial offering
by the Initial Purchasers of the Securities, the Company will advise the Representatives
promptly, and confirm such advice in writing, (i) of the issuance by any governmental or
regulatory authority of any order preventing or suspending the use of any of the Time of
Sale Information, any Issuer Written Communication or the Offering Memorandum or the
initiation or threatening of any proceeding for that purpose; (ii) of the occurrence of

16

 

any event at any time prior to the completion of the initial offering of the Securities as
a result of which any of the Time of Sale Information, any Issuer Written Communication or
the Offering Memorandum as then amended or supplemented would include any untrue statement
of a material fact or omit to state a material fact necessary in order to make the
statements therein, in the light of the circumstances existing when such Time of Sale
Information, Issuer Written Communication or the Offering Memorandum is delivered to a
purchaser, not misleading; and (iii) of the receipt by the Company of any notice with
respect to any suspension of the qualification of the Securities for offer and sale in any
jurisdiction or the initiation or threatening of any proceeding for such purpose; and the
Company will use its reasonable best efforts to prevent the issuance of any such order
preventing or suspending the use of any of the Time of Sale Information, any Issuer
Written Communication or the Offering Memorandum or suspending any such qualification of
the Securities and, if any such order is issued, will use its reasonable best efforts to
obtain as soon as possible the withdrawal thereof.

     (e) Time of Sale Information. If at any time prior to the Closing Date (i) any event
shall occur or condition shall exist as a result of which any of the Time of Sale
Information as then amended or supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not misleading or
(ii) it is necessary to amend or supplement any of the Time of Sale Information to comply
with law, the Company will immediately notify the Initial Purchasers thereof and forthwith
prepare and, subject to paragraph (b) above, furnish to the Initial Purchasers such
amendments or supplements to any of the Time of Sale Information (or any document to be
filed with the Commission and incorporated by reference therein) as may be necessary so
that the statements in any of the Time of Sale Information as so amended or supplemented
will not, in light of the circumstances under which they were made, be misleading or so
that any of the Time of Sale Information will comply with law.

     (f) Ongoing Compliance of the Offering Memorandum. If at any time prior to the
completion of the initial offering of the Securities (i) any event shall occur or
condition shall exist as a result of which the Offering Memorandum as then amended or
supplemented would include any untrue statement of a material fact or omit to state any
material fact necessary in order to make the statements therein, in the light of the
circumstances existing when the Offering Memorandum is delivered to a purchaser, not
misleading or (ii) it is necessary to amend or supplement the Offering Memorandum to
comply with law, the Company will immediately notify the Initial Purchasers thereof and
forthwith prepare and, subject to paragraph (b) above, furnish to the Initial Purchasers
such amendments or supplements to the Offering Memorandum (or any document to be filed
with the Commission and incorporated by reference therein) as may be necessary so that the
statements in the Offering Memorandum as so amended or supplemented (including such
document to be incorporated by reference therein) will not, in the light of the
circumstances existing when the Offering Memorandum is delivered to a purchaser, be
misleading or so that the Offering Memorandum will comply with law.

17

 

     (g) Blue Sky Compliance. The Company will use its commercially reasonable efforts in
cooperation with the Initial Purchasers to qualify the Securities for offer and sale under
the securities or Blue Sky laws of such jurisdictions in the United States as the
Representatives shall reasonably request (and in such foreign jurisdictions as the Company
and the Representatives shall mutually agree) and will continue such qualifications in
effect so long as required for the offering and resale of the Securities; provided
that neither the Company nor any of the Guarantors shall be required to (i) qualify as a
foreign corporation or other entity or as a dealer in securities in any such jurisdiction
where it would not otherwise be required to so qualify, (ii) file any general consent to
service of process in any such jurisdiction or (iii) subject itself to taxation in any
such jurisdiction if it is not otherwise so subject.

     (h) Clear Market. During the period from the date hereof through and including the
date that is 15 days after the date hereof, the Company and each of the Guarantors will
not, without the prior written consent of Goldman, Sachs & Co., offer, announce the
intention to sell, sell, contract to sell or otherwise dispose of any debt securities
issued or guaranteed by the Company or any of the Guarantors and having a tenor of more
than one year.

     (i) Use of Proceeds. The Company will apply the net proceeds from the sale of the
Securities as described in each of the Time of Sale Information and the Offering
Memorandum under the heading “Use of proceeds”.

     (j) Supplying Information. While the Securities remain outstanding and are
“restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act, the
Company and each of the Guarantors will, during any period in which the Company is not
subject to and in compliance with Section 13 or 15(d) of the Exchange Act, furnish to
holders of the Securities and prospective purchasers of the Securities designated by such
holders, upon the request of such holders or such prospective purchasers, the information
required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act.

     (k) No Resales by the Company. During the one year period after the Closing Date,
the Company will not, and will not permit any of its affiliates (as defined in Rule 144
under the Securities Act) to, resell any of the Securities that have been acquired by any
of them, except for Securities purchased by the Company or any of its affiliates and
resold in a transaction registered under the Securities Act.

     (l) No Integration. Neither the Company nor any of its affiliates (as defined in
Rule 501(b) of Regulation D) will, directly or through any agent, sell, offer for sale,
solicit offers to buy or otherwise negotiate in respect of, any security (as defined in
the Securities Act) in a transaction, that is or will be integrated with the sale of the
Securities in a manner that would require registration of the Securities under the
Securities Act.

     (m) No General Solicitation or Directed Selling Efforts. None of the Company or any
of its affiliates or any other person acting on its or their behalf (other than the
Initial Purchasers, as to which no covenant is given) will (i) solicit offers for, or
offer or

18

 

sell, the Securities by means of any form of general solicitation or general advertising
within the meaning of Rule 502(c) of Regulation D or in any manner involving a public
offering within the meaning of Section 4(2) of the Securities Act or (ii) engage in any
directed selling efforts within the meaning of Regulation S, and all such persons will
comply with the offering restrictions requirement of Regulation S.

     (n) No Stabilization. Neither the Company nor any of the Guarantors will take,
directly or indirectly, any action designed to or that could reasonably be expected to
cause or result in any stabilization or manipulation of the price of the Securities.

     5. Certain Agreements of the Initial Purchasers. Each Initial Purchaser
hereby represents and agrees that it has not and any Participating Affiliates have not and
will not use, authorize use of, refer to, or participate in the planning for use of, any
written communication that constitutes an offer to sell or the solicitation of an offer to
buy the Securities other than (i) the Preliminary Offering Memorandum and the Offering
Memorandum, (ii) a written communication that contains no “issuer information” (as defined
in Rule 433(h)(2) under the Securities Act) that was not included (including through
incorporation by reference) in the Preliminary Offering Memorandum or the Offering
Memorandum, (iii) any written communication listed on Annex A or prepared pursuant to
Section 4(c) above (including any electronic road show), (iv) any written communication
prepared by such Initial Purchaser and approved by the Company in advance in writing or
(v) any written communication relating to or that contains the terms of the Securities
and/or other information that was included (including through incorporation by reference)
in the Preliminary Offering Memorandum or the Offering Memorandum.

     6. Conditions of Initial Purchasers’ Obligations. The obligation of each
Initial Purchaser to purchase Securities on the Closing Date as provided herein is subject
to the performance by the Company and each of the Guarantors of their respective covenants
and other obligations hereunder and to the following additional conditions:

     (a) Representations and Warranties. The representations and warranties of the
Company and the Guarantors contained herein shall be true and correct on the date hereof
and on and as of the Closing Date; and the statements of the Company, the Guarantors and
their respective officers made in any certificates delivered pursuant to this Agreement
shall be true and correct on and as of the Closing Date.

     (b) No Downgrade. Subsequent to the earlier of (A) the Time of Sale and (B) the
execution and delivery of this Agreement, (i) no downgrading shall have occurred in the
rating accorded the Securities or any other debt securities or preferred stock issued or
guaranteed by the Company or any of its subsidiaries by any “nationally recognized
statistical rating organization”, as such term is defined by the Commission for purposes
of Rule 436(g)(2) under the Securities Act (as in effect on July 20, 2010); and (ii) no
such organization shall have publicly announced that it has under surveillance or review,
or has changed its outlook with respect to, its rating of the Securities or of any other
debt securities or preferred stock issued or guaranteed by the Company or any of

19

 

its subsidiaries (other than an announcement with positive implications of a possible
upgrading).

     (c) No Material Adverse Change. No event or condition of a type described in Section
3(e) hereof shall have occurred or shall exist, which event or condition is not described
in each of the Time of Sale Information (excluding any amendment or supplement thereto)
and the Offering Memorandum (excluding any amendment or supplement thereto) the effect of
which in the judgment of the Representatives makes it impracticable or inadvisable to
proceed with the offering, sale or delivery of the Securities on the terms and in the
manner contemplated by this Agreement, the Time of Sale Information and the Offering
Memorandum.

     (d) Officer’s Certificate. The Representatives shall have received on and as of the
Closing Date a certificate of an executive officer of the Company and of each Guarantor
who is reasonably satisfactory to the Representatives (i) confirming that such officer has
carefully reviewed the Time of Sale Information and the Offering Memorandum and, to the
knowledge of such officer, the representations set forth in Sections 3(a) and 3(b) hereof
are true and correct in all material respects, (ii) confirming that, to the knowledge of
such officers, the other representations and warranties of the Company and the Guarantors
in this Agreement are true and correct in all material respects and that the Company and
the Guarantors have, in all material respects, complied with all agreements and satisfied
all conditions on their part to be performed or satisfied hereunder at or prior to the
Closing Date and (iii) to the effect set forth in paragraphs (b) and (c) above.

     (e) Comfort Letters. On the date of this Agreement and on the Closing Date,
PricewaterhouseCoopers LLP shall have furnished to the Representatives, at the request of
the Company, letters, dated the respective dates of delivery thereof and addressed to the
Initial Purchasers, in form and substance reasonably satisfactory to the Representatives,
containing statements and information of the type customarily included in accountants’
“comfort letters” to underwriters with respect to the financial statements and certain
financial information contained or incorporated by reference in each of the Time of Sale
Information and the Offering Memorandum; provided that the letter delivered on the
Closing Date shall use a “cut-off” date no more than three business days prior to the
Closing Date.

     (f) Opinion and 10b-5 Statement of Counsel for the Company and the Guarantors. Gayle
G. Stratmann, Vice President and General Counsel of the Company, shall have furnished to
the Representatives, at the request of the Company and the Guarantors, her written opinion
and negative assurance statement, dated the Closing Date, and addressed to the Initial
Purchasers, in form and substance reasonably satisfactory to the Representatives, to the
effect set forth in Annex D-1 hereto.

     (g) Opinion and 10b-5 Statement of Outside Counsel for the Company and the
Guarantors. Bryan Cave LLP, special outside counsel for the Company and the

20

 

Guarantors, shall have furnished to the Representatives, at the request of the Company and
the Guarantors, an opinion and negative assurance statement, dated the Closing Date, and
addressed to the Initial Purchasers, in form and substance reasonably satisfactory to the
Representatives, to the effect set forth in Annex D-2 hereto.

     (h) Opinion and 10b-5 Statement of Counsel for the Initial Purchasers. The
Representatives shall have received on and as of the Closing Date, an opinion and 10b-5
statement of Davis Polk & Wardwell LLP, counsel for the Initial Purchasers, with respect
to such matters as the Representatives may reasonably request, and such counsel shall have
received such documents and information as they may reasonably request to enable them to
pass upon such matters.

     (i) No Legal Impediment to Issuance. No action shall have been taken and no statute,
rule, regulation or order shall have been enacted, adopted or issued by any federal, state
or foreign governmental or regulatory authority that would, as of the Closing Date,
prevent the issuance or sale of the Securities or the issuance of the Guarantees; and no
injunction or order of any federal, state or foreign court shall have been issued that
would, as of the Closing Date, prevent the issuance or sale of the Securities or the
issuance of the Guarantees.

     (j) Good Standing. The Representatives shall have received on and as of the Closing
Date satisfactory evidence of the good standing of the Company and the Guarantors in their
respective jurisdictions of organization and their good standing in such other
jurisdictions as the Representatives may reasonably request, in each case in writing or
any standard form of telecommunication, from the appropriate governmental authorities of
such jurisdictions.

     (k) Registration Rights Agreement. The Initial Purchasers shall have received a
counterpart of the Registration Rights Agreement that shall have been executed and
delivered by a duly authorized officer of the Company and each of the Guarantors.

     (l) Additional Documents. On or prior to the Closing Date, the Company and the
Guarantors shall have furnished to the Representatives such further certificates and
documents as the Representatives may reasonably request.

     All opinions, letters, certificates and evidence mentioned above or elsewhere in this
Agreement shall be deemed to be in compliance with the provisions hereof only if they are
in form and substance reasonably satisfactory to counsel for the Initial Purchasers.

     7. Indemnification and Contribution.

     (a) Indemnification of the Initial Purchasers. The Company and each of the
Guarantors jointly and severally agree to indemnify and hold harmless each Initial
Purchaser, its affiliates, directors and officers and each person, if any, who controls
such Initial Purchaser within the meaning of Section 15 of the Securities Act or Section

21

 

20 of the Exchange Act, from and against any and all losses, claims, damages and
liabilities (including, without limitation, reasonable legal fees and other expenses
reasonably incurred in connection with any suit, action or proceeding or any claim
asserted, as such fees and expenses are incurred), joint or several, that arise out of, or
are based upon, any untrue statement or alleged untrue statement of a material fact
contained in the Preliminary Offering Memorandum, any of the other Time of Sale
Information, any Issuer Written Communication or the Offering Memorandum (or any amendment
or supplement thereto) or any omission or alleged omission to state therein a material
fact necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading, in each case except insofar as such losses,
claims, damages or liabilities arise out of, or are based upon, any untrue statement or
omission or alleged untrue statement or omission made in reliance upon and in conformity
with the Initial Purchaser Information as defined in Section 7(b) hereof.

     (b) Indemnification of the Company. Each Initial Purchaser agrees, severally and not
jointly, to indemnify and hold harmless the Company, each of the Guarantors, each of their
respective directors and officers and each person, if any, who controls the Company or any
of the Guarantors within the meaning of Section 15 of the Securities Act or Section 20 of
the Exchange Act to the same extent as the indemnity set forth in paragraph (a) above, but
only with respect to any losses, claims, damages or liabilities (including, without
limitation, legal fees and other expenses reasonably incurred in connection with any suit,
action or proceeding or any claim asserted, as such fees and expenses are incurred) that
arise out of, or are based upon, any untrue statement or omission or alleged untrue
statement or omission made in reliance upon and in conformity with the following
information: in the section captioned “Plan of distribution” in the Offering Memorandum,
(i) the information set forth in the second to last sentence of the second paragraph of
text, concerning the terms of the offering by the Initial Purchasers and (ii) the eighth,
ninth and tenth paragraphs, concerning short sales, stabilizing transactions and purchases
to cover positions created by short sales by the Initial Purchasers (the “Initial
Purchaser Information”).

     (c) Notice and Procedures. If any suit, action, proceeding (including any
governmental or regulatory investigation), claim or demand shall be brought or asserted
against any person in respect of which indemnification may be sought pursuant to either
paragraph (a) or (b) above, such person (the “Indemnified Person”) shall promptly notify
the person against whom such indemnification may be sought (the “Indemnifying Person”) in
writing; provided that the failure to notify the Indemnifying Person shall not
relieve it from any liability that it may have under this Section 7 except to the extent
that it has been materially prejudiced (through the forfeiture of substantive rights or
defenses) by such failure; and provided, further, that the failure to
notify the Indemnifying Person shall not relieve it from any liability that it may have to
an Indemnified Person otherwise than under this Section 7. If any such proceeding shall
be brought or asserted against an Indemnified Person and it shall have notified the
Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably
satisfactory to the Indemnified Person (who shall not, without the consent of the
Indemnified Person, be counsel to the

22

 

Indemnifying Person) to represent the Indemnified Person and any others entitled to
indemnification pursuant to this Section 7 that the Indemnifying Person may designate in
such proceeding and shall pay the fees and expenses of such proceeding and shall pay the
reasonable fees and expenses of such counsel related to such proceeding, as incurred. In
any such proceeding, any Indemnified Person shall have the right to retain its own
counsel, but the fees and expenses of such counsel shall be at the expense of such
Indemnified Person unless (i) the Indemnifying Person and the Indemnified Person shall
have mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a
reasonable time to retain counsel reasonably satisfactory to the Indemnified Person;
(iii) the Indemnified Person shall have reasonably concluded that there may be
legal defenses available to it that are different from or in addition to those available
to the Indemnifying Person; or (iv) the named parties in any such proceeding (including
any impleaded parties) include both the Indemnifying Person and the Indemnified Person and
representation of both parties by the same counsel would be inappropriate due to actual or
potential differing interests between them. It is understood and agreed that the
Indemnifying Person shall not, in connection with any proceeding or related proceeding in
the same jurisdiction, be liable for the reasonable fees and expenses of more than one
separate firm (in addition to any local counsel) for all Indemnified Persons, and that all
such fees and expenses shall be paid or reimbursed as they are incurred against
presentation of written invoices or statements therefor. Any such separate firm for any
Initial Purchaser, its affiliates, directors and officers and any control persons of such
Initial Purchaser shall be designated in writing by Goldman, Sachs & Co. and any such
separate firm for the Company, the Guarantors, their respective directors and officers and
any control persons of the Company and the Guarantors shall be designated in writing by
the Company. The Indemnifying Person shall not be liable for any settlement of any
proceeding effected without its written consent, but if settled with such consent or if
there be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify
each Indemnified Person from and against any loss or liability by reason of such
settlement or judgment. No Indemnifying Person shall, without the written consent of the
Indemnified Person, effect any settlement of any pending or threatened proceeding in
respect of which any Indemnified Person is or could have been a party and indemnification
could have been sought hereunder by such Indemnified Person, unless such settlement (x)
includes an unconditional release of such Indemnified Person, in form and substance
reasonably satisfactory to such Indemnified Person, from all liability on claims that are
the subject matter of such proceeding and (y) does not include any statement as to or any
admission of fault, culpability or a failure to act by or on behalf of any Indemnified
Person.

     (d) Contribution. If the indemnification provided for in paragraphs (a) or (b) above
is unavailable to an Indemnified Person or insufficient in respect of any losses, claims,
damages or liabilities referred to therein, then each Indemnifying Person under such
paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to
the amount paid or payable by such Indemnified Person as a result of such losses, claims,
damages or liabilities (i) in such proportion as is appropriate to reflect the relative
benefits received by the Company and the Guarantors on the one hand and the Initial
Purchasers on the other from the offering of the Securities or (ii) if the allocation

23

 

provided by clause (i) is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i) but also
the relative fault of the Company and the Guarantors on the one hand and the Initial
Purchasers on the other in connection with the statements or omissions that resulted in
such losses, claims, damages or liabilities, as well as any other relevant equitable
considerations. The relative benefits received by the Company and the Guarantors on the
one hand and the Initial Purchasers on the other shall be deemed to be in the same
respective proportions as the net proceeds (before deducting expenses, but after deducting
the initial purchasing discounts and commissions) received by the Company from the sale of
the Securities and the total discounts and commissions received by the Initial Purchasers
in connection therewith, as provided in this Agreement, bear to the aggregate offering
price of the Securities. The relative fault of the Company and the Guarantors on the one
hand and the Initial Purchasers on the other shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information supplied by
the Company or any Guarantor or by the Initial Purchasers and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent such
statement or omission.

     (e) Limitation on Liability. The Company, the Guarantors and the Initial Purchasers
agree that it would not be just and equitable if contribution pursuant to this Section 7
were determined by pro rata allocation (even if the Initial Purchasers
were treated as one entity for such purpose) or by any other method of allocation that
does not take account of the equitable considerations referred to in paragraph (d) above.
The amount paid or payable by an Indemnified Person as a result of the losses, claims,
damages and liabilities referred to in paragraph (d) above shall be deemed to include,
subject to the limitations set forth above, any legal or other expenses reasonably
incurred by such Indemnified Person in connection with any such action or claim.
Notwithstanding the provisions of this Section 7, in no event shall an Initial Purchaser
be required to contribute any amount in excess of the amount by which the total discounts
and commissions received by such Initial Purchaser with respect to the offering of the
Securities exceeds the amount of any damages that such Initial Purchaser has otherwise
been required to pay by reason of such untrue or alleged untrue statement or omission or
alleged omission. Notwithstanding anything to the contrary, no person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation. The Initial Purchasers’ obligations to contribute pursuant to this
Section 7 are several in proportion to their respective purchase obligations hereunder and
not joint.

     (f) Non-Exclusive Remedies. The remedies provided for in this Section 7 are not
exclusive and shall not limit any rights or remedies that may otherwise be available to
any Indemnified Person at law or in equity.

     8. Termination. This Agreement may be terminated in the absolute discretion
of the Representatives, by notice to the Company, if after the execution and

24

 

delivery of this Agreement and on or prior to the Closing Date (a) trading generally shall
have been suspended or materially limited on the New York Stock Exchange or the
over-the-counter market; (b) trading of any securities issued or guaranteed by the Company
or any of the Guarantors shall have been suspended on any exchange or in any
over-the-counter market; (c) a general moratorium on commercial banking activities shall
have been declared by federal or New York State authorities; or (d) there shall have
occurred any outbreak or escalation of hostilities or any change in financial markets or
any calamity or crisis, either within or outside the United States, that, in the judgment
of the Representatives, is material and adverse and makes it impracticable or inadvisable
to proceed with the offering, sale or delivery, of the Securities on the terms and in the
manner contemplated by this Agreement, the Time of Sale Information and the Offering
Memorandum.

     9. Defaulting Initial Purchaser. (a) If, on the Closing Date, any Initial
Purchaser defaults on its obligation to purchase the Securities that it has agreed to
purchase hereunder, the non-defaulting Initial Purchasers may in their discretion arrange
for the purchase of such Securities by other persons satisfactory to the Company on the
terms contained in this Agreement. If, within 36 hours after any such default by any
Initial Purchaser, the non-defaulting Initial Purchasers do not arrange for the purchase
of such Securities, then the Company shall be entitled but not obligated to, for a further
period of 36 hours, seek to procure other persons satisfactory to the non-defaulting
Initial Purchasers to purchase such Securities on such terms. If other persons become
obligated or agree to purchase the Securities of a defaulting Initial Purchaser, either
the non-defaulting Initial Purchasers or the Company may postpone the Closing Date for up
to five full business days in order to effect any changes that in the opinion of counsel
for the Company or counsel for the Initial Purchasers may be necessary in the Time of Sale
Information, the Offering Memorandum or in any other document or arrangement, and the
Company agrees to promptly prepare any amendment or supplement to the Time of Sale
Information or the Offering Memorandum that effects any such changes. As used in this
Agreement, the term “Initial Purchaser” includes, for all purposes of this Agreement
unless the context otherwise requires, any person not listed in Schedule 1 hereto that,
pursuant to this Section 9, purchases Securities that a defaulting Initial Purchaser
agreed but failed to purchase.

     (b) If, after giving effect to any arrangements for the purchase of the Securities of
a defaulting Initial Purchaser or Initial Purchasers by the non-defaulting Initial
Purchasers and, if undertaken by the Company, the Company as provided in paragraph (a)
above, the aggregate principal amount of such Securities that remains unpurchased does not
exceed one-eleventh of the aggregate principal amount of all the Securities, then the
Company shall have the right to require each non-defaulting Initial Purchaser to purchase
the principal amount of Securities that such Initial Purchaser agreed to purchase
hereunder plus such Initial Purchaser’s pro rata share (based on the
principal amount of Securities that such Initial Purchaser agreed to purchase hereunder)
of the Securities of such defaulting Initial Purchaser or Initial Purchasers for which
such arrangements have not been made.

25

 

     (c) If, after giving effect to any arrangements for the purchase of the Securities of
a defaulting Initial Purchaser or Initial Purchasers by the non-defaulting Initial
Purchasers and the Company as provided in paragraph (a) above, the aggregate principal
amount of such Securities that remains unpurchased exceeds one-eleventh of the aggregate
principal amount of all the Securities, or if the Company shall not exercise the right
described in paragraph (b) above, then this Agreement shall terminate without liability on
the part of the non-defaulting Initial Purchasers. Any termination of this Agreement
pursuant to this Section 9 shall be without liability on the part of the Company or the
Guarantors, except that the Company and each of the Guarantors will continue to be liable
for the payment of expenses as set forth in Section 10 hereof and except that the
provisions of Section 7 hereof shall not terminate and shall remain in effect.

     (d) Nothing contained herein shall relieve a defaulting Initial Purchaser of any
liability it may have to the Company, the Guarantors or any non-defaulting Initial
Purchaser for damages caused by its default.

     10. Payment of Expenses. (a) Whether or not the transactions contemplated
by this Agreement are consummated or this Agreement is terminated, the Company and each of
the Guarantors jointly and severally agree to pay or cause to be paid all costs and
expenses incident to the performance of their respective obligations hereunder, including
without limitation, (i) the costs incident to the authorization, issuance, sale,
preparation and delivery of the Securities and any taxes payable in that connection; (ii)
the costs incident to the preparation and printing of the Preliminary Offering Memorandum,
any other Time of Sale Information, any Issuer Written Communication and the Offering
Memorandum (including any amendment or supplement thereto) and the distribution thereof;
(iii) the costs of reproducing and distributing each of the Transaction Documents; (iv)
the fees and expenses of the Company’s and the Guarantors’ counsel and independent
accountants; (v) the fees and expenses incurred in connection with the registration or
qualification and determination of eligibility for investment of the Securities under the
state or foreign securities or blue sky laws of such jurisdictions as the Representatives
may designate and the preparation, printing and distribution of a Blue Sky Memorandum
(including the reasonable related fees and expenses of counsel for the Initial
Purchasers); (vi) any fees charged by rating agencies for rating the Securities; (vii) the
fees and expenses of the Trustee and any paying agent (including reasonable related fees
and expenses of any counsel to such parties) and (viii) all expenses incurred by the
Company in connection with any “road show” presentation to potential investors.

     (b) If (i) this Agreement is terminated pursuant to Section 8(b), (ii) the Company
for any reason fails to tender the Securities for delivery to the Initial Purchasers or
(iii) the Initial Purchasers decline to purchase the Securities for any reason permitted
under this Agreement (other than pursuant to clause (a), (c) and (d) of Section 8), the
Company and each of the Guarantors jointly and severally agrees to reimburse the Initial
Purchasers for all out-of-pocket costs and expenses (including the reasonable fees and
expenses of their counsel) reasonably incurred by the Initial Purchasers in connection
with this Agreement and the offering contemplated hereby and the Company shall not in

26

 

any event be liable to any of the Initial Purchases for damages on account of loss of
anticipated profit from the sale of the Shares.

     11. Persons Entitled to Benefit of Agreement. This Agreement shall inure to
the benefit of and be binding upon the parties hereto and their respective successors and
any controlling persons referred to herein, and the affiliates, officers and directors of
each Initial Purchaser referred to in Section 7 hereof. Nothing in this Agreement is
intended or shall be construed to give any other person any legal or equitable right,
remedy or claim under or in respect of this Agreement or any provision contained herein.
No purchaser of Securities from any Initial Purchaser shall be deemed to be a successor
merely by reason of such purchase.

     12. Survival. The respective indemnities, rights of contribution,
representations, warranties and agreements of the Company, the Guarantors and the Initial
Purchasers contained in this Agreement or made by or on behalf of the Company, the
Guarantors or the Initial Purchasers pursuant to this Agreement or any certificate
delivered pursuant hereto shall survive the delivery of and payment for the Securities and
shall remain in full force and effect, regardless of any termination of this Agreement or
any investigation made by or on behalf of the Company, the Guarantors or the Initial
Purchasers.

     12. Certain Defined Terms. For purposes of this Agreement, (a) except where
otherwise expressly provided, the term “affiliate” has the meaning set forth in Rule 405
under the Securities Act; (b) the term “business day” means any day other than a day on
which banks are permitted or required to be closed in New York City; (c) the term
“Exchange Act” means the Securities Exchange Act of 1934, as amended; (d) the term
 “subsidiary” has the meaning set forth in Rule 405 under the Securities Act; and (e) the
term “written communication” has the meaning set forth in Rule 405 under the Securities
Act.

     13. Miscellaneous. (a) Authority of the Representatives. Any action by the
Initial Purchasers hereunder may be taken by Goldman, Sachs & Co. on behalf of the Initial
Purchasers, and any such action taken by Goldman, Sachs & Co. shall be binding upon the
Initial Purchasers.

(b) Notices. All notices and other communications hereunder shall be in writing and shall be
deemed to have been duly given if mailed or transmitted and confirmed by any standard form of
telecommunication. Notices to the Initial Purchasers shall be given to the Representatives at
Goldman, Sachs & Co., 200 West Street, New York, New York 10282, Attention: Registration
Department; Merrill Lynch, Pierce, Fenner & Smith Incorporated, One Bryant Park, New York, New
York, 10036 (fax: (646) 855-5958), Attention: High Grade Transaction Management/Legal; and J. P.
Morgan Securities LLC, 383 Madison Avenue, New York, New York, 10017. Notices to the Company and
the Guarantors shall be given to them at 533 Maryville University Drive, St. Louis, MO 63141 (fax:
(314) 985-2223); Attention: Gayle G. Stratmann, Esq., Vice President and General Counsel with a
copy to Bryan Cave LLP, One Metropolitan Square, 211 North Broadway, Suite 3600, St. Louis,
Missouri 63102, Attention: R. Randall Wang, Esq. (fax: (314) 552-8149).

27

 

     (c) Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York.

     (d) Counterparts. This Agreement may be signed in counterparts (which may include
counterparts delivered by any standard form of telecommunication), each of which shall be
an original and all of which together shall constitute one and the same instrument.

     (e) Amendments or Waivers. No amendment or waiver of any provision of this
Agreement, nor any consent or approval to any departure therefrom, shall in any event be
effective unless the same shall be in writing and signed by the parties hereto.

     (f) Headings. The headings herein are included for convenience of reference only and
are not intended to be part of, or to affect the meaning or interpretation of, this
Agreement.

     If the foregoing is in accordance with your understanding, please indicate your
acceptance of this Agreement by signing in the space provided below.

28

 

	 	 	 	 	 
	 	Very truly yours,

ENERGIZER HOLDINGS, INC.

 	 
	 	By  	/s/ Daniel J. Sescleifer
 	 
	 	 	Title: Executive Vice President and 	 
	 	 	          Chief Financial Officer 	 
	 
	 	EVEREADY BATTERY COMPANY, INC.

 	 
	 	By  	/s/ Daniel J. Sescleifer
 	 
	 	 	Title: Executive Vice President and 	 
	 	 	          Chief Financial Officer 	 
	 
	 	ENERGIZER BATTERY MANUFACTURING, INC.

 	 
	 	By  	/s/ Daniel J. Sescleifer
 	 
	 	 	Title: Executive Vice President and 	 
	 	 	          Chief Financial Officer 	 
	 
	 	ENERGIZER BATTERY, INC.

 	 
	 	By  	/s/ Daniel J. Sescleifer
 	 
	 	 	Title: Executive Vice President and 	 
	 	 	          Chief Financial Officer 	 
	 
	 	ENERGIZER INTERNATIONAL, INC.

 	 
	 	By  	/s/ Daniel J. Sescleifer
 	 
	 	 	Title: Vice President 	 
	 	 	 	 
	 

[Signature page to Purchase Agreement]

 

 

	 	 	 	 	 
	 	ENERGIZER PERSONAL CARE, LLC

 	 
	 	By  	/s/ Daniel J. Sescleifer
 	 
	 	 	Title: Executive Vice President and 	 
	 	 	          Chief Financial Officer 	 
	 
	 	PLAYTEX PRODUCTS, LLC

 	 
	 	By  	/s/ Daniel J. Sescleifer
 	 
	 	 	Title: Executive Vice President and 	 
	 	 	          Chief Financial Officer 	 
	 
	 	PLAYTEX MANUFACTURING, INC.

 	 
	 	By  	/s/ Daniel J. Sescleifer
 	 
	 	 	Title: Executive Vice President and 	 
	 	 	          Chief Financial Officer 	 
	 
	 	SCHICK MANUFACTURING, INC.

 	 
	 	By  	/s/ Daniel J. Sescleifer
 	 
	 	 	Title: Executive Vice President and 	 
	 	 	          Chief Financial Officer 	 
	 
	 	SUN PHARMACEUTICALS, LLC

 	 
	 	By  	/s/ Daniel J. Sescleifer
 	 
	 	 	Title: Executive Vice President and 	 
	 	 	          Chief Financial Officer 	 
	 

[Signature page to Purchase Agreement]

 

 

	 	 	 	 	 
	 	TANNING RESEARCH LABORATORIES, LLC

 	 
	 	By  	/s/ Daniel J. Sescleifer
 	 
	 	 	Title: Executive Vice President and 	 
	 	 	          Chief Financial Officer 	 
	 

[Signature page to Purchase Agreement]

 

 

Accepted: May 16, 2011

GOLDMAN, SACHS & CO.

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

J. P. MORGAN SECURITIES LLC

For themselves and on behalf of the

several Initial Purchasers listed

in Schedule 1 hereto.

GOLDMAN, SACHS & CO.

	 	 	 	 	 

	By

	 	/s/ Goldman, Sachs & Co.
 

   Goldman, Sachs & Co.
	 	 
	 
	 	 	 	 
	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED	 	 
	 
	 	 	 	 
	By

	 	/s/ Lisa Stein
 

   Authorized Signatory
	 	 
	 

	 	   Lisa Stein, Managing Director	 	 
	 
	 	 	 	 
	J. P. MORGAN SECURITIES LLC	 	 
	 
	 	 	 	 
	By

	 	/s/ Maria Sramek	 	 
	 

	 	 	 	 
	 

	 	   Authorized Signatory	 	 
	 

	 	   Maria Sramek	 	 
	 

	 	   Executive Director	 	 

[Signature page to Purchase Agreement]

 

 

Schedule 1

	 	 	 	 	 
	Initial Purchaser	 	Principal Amount	 
	Goldman, Sachs & Co.
	 	$	174,000,000	 
	Merrill Lynch, Pierce, Fenner & Smith Incorporated
	 	 	174,000,000	 
	J.P. Morgan Securities LLC
	 	 	174,000,000	 
	Mitsubishi UFJ Securities (USA), Inc.
	 	 	39,000,000	 
	SunTrust Robinson Humphrey, Inc.
	 	 	39,000,000	 
	 
	 	 	 
	Total
	 	$	600,000,000	 
	 
	 	 	 

 

 

Schedule 2

List of the Company’s Subsidiaries

Eveready Battery Company, Inc. (DE)

Energizer Battery Manufacturing, Inc. (DE)

Energizer Battery, Inc. (DE)

Energizer International, Inc. (DE)

Energizer Personal Care, LLC (DE)

Playtex Products, LLC (DE)

Playtex Manufacturing, Inc. (DE)

Schick Manufacturing, Inc. (DE)

Sun Pharmaceuticals, LLC (DE)

Tanning Research Laboratories, LLC (DE)

34

 

Schedule 3

List of the Company’s Significant Subsidiaries

Energizer Battery Company, Inc. (DE)

Schick Asia LTD (Hong Kong)

Energizer International, Inc. (DE)

35

 

ANNEX A

a.
Additional Time of Sale Information

1. Term sheet containing the terms of the securities, substantially in the form of Annex B.

36

 

ANNEX B

Pricing Term Sheet

[FOLLOWS]

37

 

ENERGIZER HOLDINGS, INC.

Pricing Supplement

May 16, 2011

	 	 	 

	Issuer:

	 	Energizer Holdings, Inc.
	 
	 	 
	Size:

	 	$600,000,000 
	 
	Guarantee:

	 	The notes will be guaranteed by existing and
future subsidiaries that are guarantors under any
of the Company’s credit agreements or other
indebtedness for borrowed money.
	 
	 	 
	Maturity:

	 	May 19, 2021
	 
	 	 
	Price to Public:

	 	99.992% 
	 
	 	 
	Coupon (Interest Rate):

	 	4.700% 
	 
	 	 
	Yield to Maturity:

	 	4.701% 
	 
	 	 
	Spread to Benchmark Treasury:

	 	T+155bps
	 
	 	 
	Benchmark Treasury:

	 	UST 3.125% due May 15, 2021
	 
	 	 
	Benchmark Treasury Price and Yield:

	 	99-25 / 3.151% 
	 
	 	 
	Interest Payment Dates:

	 	May 19 and November 19, commencing on November
19, 2011
	 
	 	 
	Optional Redemption:

	 	Greater of par and make-whole at the Treasury
	 

	 	Rate (as defined in the Preliminary Offering
	 

	 	Memorandum dated May 16, 2011) plus 25 basis
	 

	 	points, plus, in either case, accrued interest to
	 

	 	the date of redemption.
	 
	 	 
	Trade Date:

	 	May 16, 2011
	 
	 	 
	Settlement Date:

	 	May 19, 2011 (T+3)
	 
	 	 
	144A CUSIP:

	 	29266R AA6 
	 
	 	 
	144A ISIN:

	 	US29266RAA68
	 
	 	 
	REG S CUSIP:

	 	U2918Q AA4
	 
	 	 
	REG S ISIN:

	 	USU2918QAA41

38

 

	 	 	 

	Joint Book-Running Managers:

	 	Goldman, Sachs & Co.
	 

	 	Merrill Lynch, Pierce, Fenner & Smith Incorporated
	 

	 	J.P. Morgan Securities LLC
	 
	 	 
	Co-Managers

	 	Mitsubishi UFJ Securities (USA), Inc.
	 

	 	SunTrust Robinson Humphrey, Inc.

This communication is confidential and is for your information only and is not intended to be
used by anyone other than you. The information in this communication does not purport to be a
complete description of these securities or the offering. For a complete description, please refer
to the offering memorandum for the offering.

The notes have not been and will not be registered under the Securities Act of 1933 and are being
offered and sold in the United States only to qualified institutional buyers in reliance on the
Rule 144A under the Securities Act and to certain non-U.S. persons in transactions outside the
United States in reliance on Regulation S under the Securities Act. Prospective purchasers that
are qualified institutional buyers are hereby notified that the seller of the notes may be relying
on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A. The
notes are not transferable except in accordance with the restrictions described under “Transfer
restrictions” in the Preliminary Offering Memorandum.

This communication does not constitute an offer to sell or the solicitation of an offer to buy any
securities in any jurisdiction to any person to whom it is unlawful to make such offer or
solicitation in such jurisdiction.

You may obtain a copy of the offering memorandum for the offering if you request it by contacting
Goldman, Sachs & Co. at 1-866-471-2526 or by emailing prospectus-ny@ny.email.gs.com, Merrill Lynch,
Pierce, Fenner & Smith Incorporated at 1-800-294-1322, and J.P. Morgan Securities LLC collect at
1-212-834-4533.

39

 

ANNEX C

Restrictions on Offers and Sales Outside the United States

     In connection with offers and sales of Securities outside the United States:

     (a) Each Initial Purchaser acknowledges that the Securities have not been registered
under the Securities Act and may not be offered or sold within the United States or to,
or for the account or benefit of, U.S. persons except pursuant to an exemption from, or
in transactions not subject to, the registration requirements of the Securities Act.

     (b) Each Initial Purchaser, severally and not jointly, represents, warrants and
agrees that:

(i) Such Initial Purchaser has offered and sold the Securities, and will
offer and sell the Securities, (A) as part of their distribution at any time and
(B) otherwise until 40 days after the later of the commencement of the offering of
the Securities and the Closing Date, only in accordance with Regulation S under
the Securities Act (“Regulation S”) or Rule 144A or any other available exemption
from registration under the Securities Act.

(ii) None of such Initial Purchaser or any of its affiliates or any other
person acting on its or their behalf has engaged or will engage in any directed
selling efforts with respect to the Securities, and all such persons have complied
and will comply with the offering restrictions requirement of Regulation S.

(iii) At or prior to the confirmation of sale of any Securities sold in
reliance on Regulation S, such Initial Purchaser will have sent to each
distributor, dealer or other person receiving a selling concession, fee or other
remuneration that purchase Securities from it during the distribution compliance
period a confirmation or notice to substantially the following effect:

“The Securities covered hereby have not been registered under the U.S.
Securities Act of 1933, as amended (the “Securities Act”), and may not be
offered or sold within the United States or to, or for the account or
benefit of, U.S. persons (i) as part of their distribution at any time or
(ii) otherwise until 40 days after the later of the commencement of the
offering of the Securities and the date of original issuance of the
Securities, except in accordance with Regulation S or Rule 144A or any
other available exemption from registration under the Securities Act.
Terms used above have the meanings given to them by Regulation S.”

40

 

     (iv) Such Initial Purchaser has not and will not enter into any contractual
arrangement with any distributor with respect to the distribution of the
Securities, except with its affiliates or with the prior written consent of the
Company.

Terms used in paragraph (a) and this paragraph (b) and not otherwise defined in this
Agreement have the meanings given to them by Regulation S.

     (c) Each Initial Purchaser, severally and not jointly, represents, warrants and
agrees that:

     (i) it has only communicated or caused to be communicated and will only
communicate or cause to be communicated an invitation or inducement to engage in
investment activity (within the meaning of Section 21 of the United Kingdom
Financial Services and Markets Act of 2000 (the “FSMA”)) received by it in
connection with the issue or sale of the Securities in circumstances in which
Section 21(1) of the FSMA does not apply to the issuer or the guarantors; and

     (ii) it has complied and will comply with all applicable provisions of the
FSMA with respect to anything done by it in relation to the Securities in, from or
otherwise involving the United Kingdom.

     (d) Each Initial Purchaser acknowledges that no action has been or will be taken by
the Company that would permit a public offering of the Securities, or possession or
distribution of any of the Time of Sale Information, the Offering Memorandum, any Issuer
Written Communication or any other offering or publicity material relating to the
Securities, in any country or jurisdiction where action for that purpose is required.

41

 

ANNEX D-1

[Form of Opinion of General Counsel for the Company and the Guarantors]

     (-) Based solely on recently dated good standing certificates from the Secretary of
State of the applicable jurisdictions, each of the Company and the Guarantors is validly
existing as a corporation or limited liability company, as applicable, in good standing
under the laws of its respective jurisdiction of incorporation or formation.

     (-) Each of the Company and the Guarantors has all requisite corporate or limited
liability company power to own, lease and operate its material properties and assets and
conduct its business in all material respects as now being conducted and as set forth in
the Time of Sale Information and the Offering Memorandum.

     (-) Based solely on recently dated good standing certificates from the Secretary of
State of the applicable jurisdictions, each of the Company and the Guarantors is duly
qualified or admitted to transact business and is in good standing as a foreign
corporation in the jurisdictions set forth in Exhibit A hereto.

     (-) The execution and delivery by the Company and each of the Guarantors of the
Transaction Documents and the consummation by the Company and each of the Guarantors of
its obligations thereunder are within the Company’s or the Guarantor’s corporate or
limited liability company power and authority and have been duly authorized by all
necessary corporate or limited liability company action on the part of the Company and
each of the Guarantors.

     (-) The execution and delivery by the Company and each of the Guarantors of each of
the Transaction Documents to which each is a party and the consummation by the Company
and each of the Guarantors of the transactions contemplated thereby do not result in (a)
any violation by the Company or any of the Guarantors of (i) any provision of applicable
U.S. Federal or Missouri state statute or regulation that I, based on my experience,
reasonably recognize as applicable to the Company or the Guarantors in a transaction of
this type, or (ii) to my knowledge, any order, writ, judgment or decree of any U.S.
Federal or Missouri State court or governmental authority or regulatory body having
jurisdiction over the Company or any of the Guarantors or any of their material
properties that names or is specifically directed to the Company or any such Guarantor,
or (b) to my knowledge, a breach or default or require the creation or imposition of any
security interest or lien upon any of the Company’s or any of the Guarantor’s properties
pursuant to any material agreement, contract or instrument to which the Company or any
Guarantor is a

42

 

party or by which it is bound, except in each such case for such violations, breaches or
defaults that would not be reasonably expected to result in a Material Adverse Effect.
For purposes of the foregoing, I have assumed that the only material agreements,
contracts or instruments to which the Company or any Guarantor is a party or by which it
is bound are those listed as exhibits to the Company’s most recent Annual Report on Form
10-K or any agreement filed on a subsequent Quarterly Report on Form 10-Q or Form 8-K
(the “Material Agreements”).

     (-) No consent, approval, authorization or other action by, and no notice to or
filing with, any U.S. Federal or Missouri state governmental authority or regulatory body
pursuant to any U.S. Federal or Missouri state statute that I, based on my experience,
recognize as applicable to the Company or any of the Guarantors in a transaction of this
type, is required for the due execution, delivery and consummation by the Company or any
of the Guarantors of the transactions contemplated by the Transaction Documents, except
for the filings and other actions required pursuant to Federal and state securities or
blue sky laws, as to which I express no opinion.

     (-) Except as otherwise disclosed in the Time of Sale Information and the Offering
Memorandum, to my knowledge, there is no litigation nor any governmental proceedings,
current, pending or threatened that would be required to be described in a registration
statement under the Securities Act.

     (-) The descriptions in the Time of Sale Information and the Offering Memorandum of
statutes, legal, governmental and regulatory proceedings and contracts and other
documents are accurate in all material respects, except for the statements under the
heading “Material United States federal income and estate tax consequences” as to which I
express no opinion.

     (-) The documents incorporated by reference in the Time of Sale Information or
Offering Memorandum or any further amendment or supplement thereto made by the Company
prior to the date hereof (the “Incorporated Documents”) (other than the financial
statements, notes and schedules or any other financial, statistical or accounting data
included or incorporated by reference in or omitted from the Incorporated Documents, as
to which I express no opinion), when they were filed with the Commission, complied as to
form in all material respects with the requirements of the Exchange Act.

     (-) To my knowledge, neither the Company nor any Guarantor is (i) in violation of
its charter or by-laws or similar organizational documents; (ii) in default, and no event
has occurred that, with notice or lapse of time or both, would constitute such a default,
in the due performance or observance of any term, covenant or condition contained in any
Material Agreement; or (iii) except as described in the Time of Sale Information and the
Offering Memorandum, in violation of any law or statute or any judgment, order, rule or
regulation of any court or arbitrator or governmental or regulatory authority, except, in
the case of clauses (ii) and (iii) above, for any such default or violation that would
not,

43

 

individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect.

During the preparation of the Time of Sale Information and the Offering Memorandum, I or
members of my staff have participated in conferences with officers and other
representatives of the Company, representatives of the independent accountants for the
Company and you and your representatives and counsel, at which conferences the contents
of the Time of Sale Information and the Offering Memorandum and related matters were
discussed, reviewed and revised. Although I am not passing upon, and do not assume any
responsibility for, the accuracy, completeness or fairness of such contents (except as
expressly indicated in paragraph [ ] above) and have not made any independent
investigation or verification thereof, on the basis of the information which was
developed in the course thereof, considered in light of my understanding of applicable
law and the experience I have gained through my practice thereunder, this is to advise
you that nothing has come to my attention which causes me to believe that: the Time of
Sale Information, as of 4:30 P.M. Eastern Time on May 16, 2011 (which you have informed
me is a time prior to the first use of the term sheet attached as Exhibit B hereto) and,
as amended or supplemented, if applicable, as of the date hereof, or the Offering
Memorandum, as of its date and as of the date hereof, contained or contains any untrue
statement of a material fact or omitted or omits to state a material fact required to be
stated therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading.

44

 

ANNEX D-2

[Form of Opinion of Outside Counsel for the Company and the Guarantors]

     (-) The Indenture has been duly authorized, executed and delivered by the Company
and the Guarantors and (assuming the due authorization, execution and delivery thereof by
the Trustee) constitutes a valid and binding agreement of the Company and each of the
Guarantors, enforceable against the Company and each of the Guarantors in accordance with
its terms, subject to the Enforceability Exceptions.

     (-) The Securities have been duly authorized by the Company and, when executed by
the Company and authenticated by the Trustee in the manner provided in the Indenture and
issued and delivered to the Initial Purchasers, in exchange for payment therefor in
accordance with the terms of this Agreement, will constitute valid and binding
obligations of the Company, enforceable against the Company in accordance with their
terms, subject to the Enforceability Exceptions, and entitled to the benefits of the
Indenture.

     (-) The Guarantees are in the form contemplated by the Indenture, have been duly
authorized by the Guarantors and, when executed by the Guarantors in the manner provided
in the Indenture, and issued and delivered to the Initial Purchasers, in exchange for
payment therefor in accordance with the terms of this Agreement, will constitute valid
and binding obligations of the Guarantors, enforceable against the Guarantors in
accordance with their terms, subject to the Enforceability Exceptions, and entitled to
the benefits of the Indenture.

     (-) The Exchange Securities (including the related guarantees) have been duly
authorized by the Company and each of the Guarantors and, when duly executed,
authenticated, issued and delivered as contemplated by the Registration Rights Agreement,
will be duly and validly issued and outstanding and will constitute valid and legally
binding obligations of the Company, as issuer, and each of the Guarantors, as guarantor,
enforceable against the Company and each of the Guarantors in accordance with their
terms, subject to the Enforceability Exceptions, and will be entitled to the benefits of
the Indenture.

     (-) This Agreement has been duly authorized, executed and delivered by the Company
and the Guarantors.

     (-) The Registration Rights Agreement has been duly authorized, executed and
delivered by the Company and each of the Guarantors and, when duly executed and delivered
by the other parties thereto, will constitute a valid

45

 

and legally binding agreement of the Company and each of the Guarantors enforceable
against the Company and each of the Guarantors in accordance with its terms, subject to
the Enforceability Exceptions, and except that rights to indemnity and contribution
thereunder may be limited by applicable law and public policy.

     (-) Each Transaction Document conforms in all material respects to the description
thereof contained in each of the Time of Sale Information and the Offering Memorandum.

     (-) The execution and delivery by the Company and each of the Guarantors of each of
the Transaction Documents to which each is a party and the consummation by the Company
and each of the Guarantors of the transactions contemplated thereby do not result in (i)
any violation by the Company or any of the Guarantors of any provision of applicable U.S.
Federal, New York or Missouri state statute or regulation that we, based on our
experience, reasonably recognize as applicable to the Company or any of the Guarantors in
a transaction of this type, except for such violations that would not be reasonably
expected to result in a Material Adverse Effect or (ii) any violation by the Company or
any of the Guarantors of the provisions of the articles of incorporation or by-laws or
similar organizational documents of the Company or any Guarantor.

     (-) No consent, approval, authorization or other action by, and no notice to or
filing with, any U.S. Federal or Missouri state governmental authority or regulatory body
pursuant to any U.S. Federal or Missouri state statute that we, based on our experience,
recognize as applicable to the Company or any of the Guarantors in a transaction of this
type, is required for the due execution, delivery and consummation by the Company or any
of the Guarantors of the transactions contemplated by the Transaction Documents, except
where the failure to obtain or make such consents, approvals, authorizations, actions,
notices or filings (i) would not reasonably be expected to have a Material Adverse Effect
and (ii) would not materially adversely affect the rights and remedies of the holders of
the Securities or prohibit the issuance of the Securities, and except such consents,
approvals, authorizations, actions, notices or filings which (x) have been obtained or
made, or (y) may be required under Federal and state securities or Blue Sky Laws, as to
which, in each case, we express no opinion.

     (-) The statements in the Time of Sale Information and the Offering Memorandum under
the heading “Material United States federal income and estate tax consequences,” insofar
as such statements constitute a summary of United States federal tax consequences of the
purchase, beneficial ownership, and disposition of the Securities by non-United States
holders, are accurate in all material respects. Please note that the statements set
forth in that section are subject to the following disclaimer, as set forth therein, to
ensure compliance with requirements imposed by the Internal Revenue Service: “To ensure
compliance with the requirements imposed by the Internal Revenue

46

 

Service (the “IRS”), holders of the notes are hereby notified that (i) this written
advice was not intended or written to be used, and it cannot be used by any holder, for
the purposes of avoiding penalties that may be imposed on the holder; (ii) this written
advice was written to support the promotion of marketing of the transactions or matters
addressed in this written advice; and (iii) each holder should seek advice based on the
holder’s particular circumstances from the holder’s tax advisor.”

     (-) Neither the Company nor any Guarantor is, nor will any of them be upon the
issuance of the Securities and the application of the proceeds therefrom as set forth
under the caption “Use of proceeds” in the Time of Sale Information and the Offering
Memorandum, an “investment company” or an entity “controlled” by an “investment company,”
within the meaning of the Investment Company Act of 1940, as amended.

     (-) Assuming (i) the accuracy of the representations and warranties of the Company,
the Guarantors and the Initial Purchasers set forth in this Agreement, (ii) the due
performance by the Company, the Guarantors and the Initial Purchasers of the covenants
and agreements set forth in this Agreement, and (iii) compliance by the Initial
Purchasers with the offering and transfer procedures described in the Time of Sale
Information and the Offering Memorandum, based on current interpretations by the Staff of
the Commission, the offer, issuance, sale and delivery of the Securities and the
Guarantees by the Company and the Guarantors to the Initial Purchasers pursuant to this
Agreement and the initial resale of the Securities and the Guarantees by the Initial
Purchasers constitute exempt transactions under the Securities Act and do not under
existing law require the registration of the Securities and the Guarantees under the
Securities Act or the qualification of the Indenture in respect thereof under the Trust
Indenture Act of 1939, as amended, it being understood that no opinion is being expressed
as to any subsequent resale of the Securities or the Guarantees.

     During the preparation of the Time of Sale Information and the Offering Memorandum,
we have participated in conferences with officers and other representatives of the
Company, representatives of the independent accountants for the Company and you and your
representatives and counsel, at which conferences the contents of the Time of Sale
Information and the Offering Memorandum and related matters were discussed, reviewed and
revised. Although we are not passing upon, and do not assume any responsibility for, the
accuracy, completeness or fairness of such contents (except as expressly indicated in
paragraphs [ ] above) and have not made any independent investigation or verification
thereof, on the basis of the information which was developed in the course thereof,
considered in light of our understanding of applicable law and the experience we have
gained through our practice thereunder, this is to advise you that nothing has come to
our attention which causes us to believe that: the Time of Sale Information, as of 4:30
P.M. Eastern Time on May 16, 2011 (which you have informed us is a time prior to first
use of the term sheet attached as Exhibit B hereto) and, as amended or supplemented, if

47

 

applicable, as of the date hereof, or the Offering Memorandum, as of its date and as of
the date hereof, contained or contains any untrue statement of a material fact or omitted
or omits to state a material fact required to be stated therein or necessary to make the
statements therein, in the light of the circumstances under which they were made, not
misleading (other than, in each case, the financial statements and related notes,
financial, statistical and accounting data and supporting schedules contained or
incorporated by reference therein, as to which such counsel need express no belief).

48

 

Exhibit A

[Form of Registration Rights Agreement]

[FOLLOWS]

49

 

REGISTRATION RIGHTS AGREEMENT

     This
REGISTRATION RIGHTS AGREEMENT dated May [   ], 2011 (the “Agreement”) is entered into by and
among Energizer Holdings, Inc., a Missouri corporation (the “Company”), the guarantors listed on
the signature page hereto (the “Guarantors”), and Goldman Sachs & Co., (“Goldman Sachs”), Merrill
Lynch, Pierce, Fenner & Smith Incorporated (“BofA Merrill Lynch”) and (and J.P. Morgan Securities
LLC (“JPMorgan”), as representatives of the Initial Purchasers (the “Initial Purchasers”).

     The Company, the Guarantors and the Initial Purchasers are parties to the Purchase Agreement
dated May [   ], 2011 (the “Purchase Agreement”), which provides for the sale by the Company to the
Initial Purchasers of $[6]00,000,000 aggregate principal amount of the Company’s [   ]% Senior Notes
due 2021 (the “Securities”) which will be guaranteed on a senior basis by each of the Guarantors.
As an inducement to the Initial Purchasers to enter into the Purchase Agreement, the Company and
the Guarantors have agreed to provide to the Initial Purchasers and their direct and indirect
transferees the registration rights set forth in this Agreement. The execution and delivery of
this Agreement is a condition to the closing under the Purchase Agreement.

     In consideration of the foregoing, the parties hereto agree as follows:

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

     “Additional Guarantor” shall mean any subsidiary of the Company that executes a Guarantee
under the Indenture after the date of this Agreement.

     “BofA Merrill Lynch” shall have the meaning set forth in the preamble.

     “Business Day” shall mean any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain closed.

     “Company” shall have the meaning set forth in the preamble and shall also include the
Company’s successors.

     “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.

     “Exchange Dates” shall have the meaning set forth in Section 2(a)(ii) hereof.

 

 

     “Exchange Offer” shall mean the exchange offer by the Company and the Guarantors of Exchange
Securities for Registrable Securities pursuant to Section 2(a) hereof.

     “Exchange Offer Registration” shall mean a registration under the Securities Act effected
pursuant to Section 2(a) hereof.

     “Exchange Offer Registration Statement” shall mean an exchange offer registration statement on
Form S-4 (or, if applicable, on another appropriate form) and all amendments and supplements to
such registration statement, in each case including the Prospectus contained therein or deemed a
part thereof, all exhibits thereto and any document incorporated by reference therein.

     “Exchange Securities” shall mean senior notes issued by the Company and guaranteed by the
Guarantors under the Indenture containing terms identical to the Securities (except that the
Exchange Securities will not be subject to restrictions on transfer or to any increase in annual
interest rate for failure to comply with this Agreement) and to be offered to Holders of Securities
in exchange for Securities pursuant to the Exchange Offer.

     “Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405 under the
Securities Act) prepared by or on behalf of the Company or used or referred to by the Company in
connection with the sale of the Securities or the Exchange Securities, in either case, pursuant to
a Registration Statement.

     “Goldman Sachs” shall have the meaning set forth in the preamble.

     “Guarantees” shall mean the guarantees of the Securities and Exchange Securities by the
Guarantors under the Indenture.

     “Guarantors” shall have the meaning set forth in the preamble and shall also include any
Guarantor’s successors and any Additional Guarantors.

     “Holders” shall mean the Initial Purchasers, for so long as they own any Registrable
Securities, and each of their successors, assigns and direct and indirect transferees who become
owners of Registrable Securities under the Indenture; provided that for purposes of Sections 4 and
5 of this Agreement, the term “Holders” shall include Participating Broker-Dealers.

     “Indemnified Person” shall have the meaning set forth in Section 5(c) hereof.

     “Indemnifying Person” shall have the meaning set forth in Section 5(c) hereof.

     “Indenture” shall mean the Indenture relating to the Securities dated as of May [   ], 2011
among the Company, the Guarantors and the Trustee, as supplemented by a supplemental indenture
dated as of May [   ], 2011, and as the same may be amended from time to time in accordance with the
terms thereof.

2

 

     “Initial Purchasers” shall have the meaning set forth in the preamble.

     “Inspector” shall have the meaning set forth in Section 3(a)(xiii) hereof.

     “Issuer Information” shall have the meaning set forth in Section 5(a) hereof.

     “JPMorgan” shall have the meaning set forth in the preamble.

     “Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of
the outstanding Registrable Securities; provided that whenever the consent or approval of Holders
of a specified percentage of Registrable Securities is required hereunder, any Registrable
Securities owned directly or indirectly by the Company or any of its affiliates shall not be
counted in determining whether such consent or approval was given by the Holders of such required
percentage or amount; and provided, further, that if the Company shall issue any additional
Securities under the Indenture prior to consummation of the Exchange Offer or, if applicable, the
effectiveness of any Shelf Registration Statement, such additional Securities and the Registrable
Securities to which this Agreement relates shall be treated together as one class for purposes of
determining whether the consent or approval of Holders of a specified percentage of Registrable
Securities has been obtained.

     “Participating Broker-Dealers” shall have the meaning set forth in Section 4(a) hereof.

     “Person” shall mean an individual, partnership, limited liability company, corporation, trust
or unincorporated organization, or a government or agency or political subdivision thereof.

     “Prospectus” shall mean the prospectus included in, or, pursuant to the rules and regulations
of the Securities Act, deemed a part of, a Registration Statement, including any preliminary
prospectus, and any such prospectus as amended or supplemented by any prospectus supplement,
including a prospectus supplement with respect to the terms of the offering of any portion of the
Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and
supplements to such prospectus, and in each case including any document incorporated by reference
therein.

     “Purchase Agreement” shall have the meaning set forth in the preamble.

     “Registrable Securities” shall mean the Securities; provided that the Securities shall cease
to be Registrable Securities (i) when a Registration Statement with respect to such Securities has
become effective under the Securities Act and such Securities have been exchanged or disposed of
pursuant to such Registration Statement, (ii) when such Securities cease to be outstanding or (iii)
when the Exchange Offer has been completed (except with respect to Securities held by the Initial
Purchasers that were not eligible to be exchanged pursuant to the Exchange Offer).

3

 

     “Registration Expenses” shall mean any and all expenses incident to performance of or
compliance by the Company and the Guarantors with this Agreement, including without limitation: (i)
all SEC, stock exchange or Financial Industry Regulatory Authority registration and filing fees,
(ii) all fees and expenses incurred in connection with compliance with state securities or blue sky
laws (including reasonable fees and disbursements of counsel for any Underwriters or Holders in
connection with blue sky qualification of any Exchange Securities or Registrable Securities), (iii)
all expenses of the Company and the Guarantors in preparing or assisting in preparing, word
processing, printing and distributing any Registration Statement, any Prospectus and any amendments
or supplements thereto, any underwriting agreements, securities sales agreements or other similar
agreements and any other documents relating to the performance of and compliance with this
Agreement, (iv) all rating agency fees, (v) all fees and disbursements relating to the
qualification of the Indenture under applicable securities laws, (vi) the fees and disbursements of
the Trustee and its counsel, (vii) the fees and disbursements of counsel for the Company and the
Guarantors and, in the case of a Shelf Registration Statement, the fees and disbursements of one
counsel for the Holders (which counsel shall be selected by the Majority Holders and which counsel
may also be counsel for the Initial Purchasers) and (viii) the fees and disbursements of the
independent public accountants of the Company and the Guarantors, including the expenses of any
special audits or “comfort” letters required by or incident to the performance of and compliance
with this Agreement, but excluding fees and expenses of counsel to the Underwriters (other than
fees and expenses set forth in clause (ii) above) or the Holders (other than fees and expenses set
forth in clause (vii) above) and underwriting discounts and commissions, brokerage commissions and
transfer taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder.

     “Registration Statement” shall mean any registration statement of the Company and the
Guarantors that covers any of the Exchange Securities or Registrable Securities pursuant to the
provisions of this Agreement and all amendments and supplements to any such registration statement,
including post-effective amendments, in each case including the Prospectus contained therein or
deemed a part thereof, all exhibits thereto and any document incorporated by reference therein.

     “SEC” shall mean the United States Securities and Exchange Commission.

     “Securities” shall have the meaning set forth in the preamble.

     “Securities Act” shall mean the Securities Act of 1933, as amended from time to time.

     “Shelf Additional Interest Date” shall have the meaning set forth in Section 2(d) hereof.

     “Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof.

     “Shelf Registration” shall mean a registration effected pursuant to Section 2(b) hereof.

4

 

     “Shelf Registration Statement” shall mean a “shelf” registration statement of the Company and
the Guarantors that covers all or a portion of the Registrable Securities (but no other securities
unless approved by a majority of the Holders whose Registrable Securities are to be covered by such
Shelf Registration Statement) on an appropriate form under Rule 415 under the Securities Act, or
any similar rule that may be adopted by the SEC, and all amendments and supplements to such
registration statement, including post-effective amendments, in each case including the Prospectus
contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by
reference therein.

     “Shelf Request” shall have the meaning set forth in Section 2(b) hereof.

     “Staff” shall mean the staff of the SEC.

     “Target Registration Date” shall have the meaning set forth in Section 2(d) hereof.

     “Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from time to
time.

     “Trustee” shall mean the trustee with respect to the Securities under the Indenture.

     “Underwriter” shall have the meaning set forth in Section 3(e) hereof.

     “Underwritten Offering” shall mean an offering in which Registrable Securities are sold to an
Underwriter for reoffering to the public.

     2. Registration Under the Securities Act. (a) To the extent not prohibited by any
applicable law or applicable interpretations of the Staff, the Company and the Guarantors shall use
their commercially reasonable efforts to (i) cause to be filed an Exchange Offer Registration
Statement covering an offer to the Holders to exchange all the Registrable Securities for Exchange
Securities and (ii) have such Registration Statement remain effective until the lesser of 180 days
after the closing of the Exchange Offer and the date on which all Participating Broker-Dealers have
sold all Exchange Securities held by them. The Company and the Guarantors shall commence the
Exchange Offer as promptly as practicable after the Exchange Offer Registration Statement is
declared effective by the SEC and use their commercially reasonable efforts to complete the
Exchange Offer not later than 60 days after such effective date.

     The Company and the Guarantors shall commence the Exchange Offer by mailing the related
Prospectus, appropriate letters of transmittal and other accompanying documents to each Holder
stating, in addition to such other disclosures as are required by applicable law, substantially the
following:

5

 

	(i)	 	that the Exchange Offer is being made pursuant to this Agreement and that all Registrable
Securities validly tendered and not properly withdrawn will be accepted for exchange;

	(ii)	 	the dates of acceptance for exchange (which shall be a period of at least 20 Business Days
from the date such notice is mailed) (the “Exchange Dates”);

	(iii)	 	that any Registrable Security not tendered will remain outstanding and continue to accrue
interest (but not any additional interest) but will not retain any rights under this
Agreement, except as otherwise specified herein;

	(iv)	 	that any Holder electing to have a Registrable Security exchanged pursuant to the Exchange
Offer will be required to (A) surrender such Registrable Security, together with the
appropriate letters of transmittal, to the institution and at the address (located in the
Borough of Manhattan, The City of New York) and in the manner specified in the notice, or (B)
effect such exchange otherwise in compliance with the applicable procedures of the depositary
for such Registrable Security, in each case prior to the close of business on the last
Exchange Date; and

	(v)	 	that any Holder will be entitled to withdraw its election, not later than the close of
business on the last Exchange Date, by (A) sending to the institution and at the address
(located in the Borough of Manhattan, The City of New York) specified in the notice, a
telegram, telex, facsimile transmission or letter setting forth the name of such Holder, the
principal amount of Registrable Securities delivered for exchange and a statement that such
Holder is withdrawing its election to have such Securities exchanged or (B) effecting such
withdrawal in compliance with the applicable procedures of the depositary for the Registrable
Securities.

	 	As a condition to participating in the Exchange Offer, a Holder will be required to
represent to the Company and the Guarantors that (i) any Exchange Securities to be received by
it will be acquired in the ordinary course of its business, (ii) at the time of the commencement
of the Exchange Offer it has no arrangement or understanding with any Person to participate in
the distribution (within the meaning of the Securities Act) of the Exchange Securities in
violation of the provisions of the Securities Act, (iii) it is not an “affiliate” (within the
meaning of Rule 405 under the Securities Act) of the Company or any Guarantor and (iv) if such
Holder is a broker-dealer that will receive Exchange Securities for its own account in exchange
for Registrable Securities that were acquired as a result of market-making or other trading
activities, then such Holder will provide such information as may be reasonably requested by the
Company and deliver a Prospectus (or, to the extent permitted by law, make available a
Prospectus to purchasers) in connection with any resale of such Exchange Securities.

As soon as practicable after the last Exchange Date, the Company and the Guarantors
shall:

	(i)	 	accept for exchange Registrable Securities or portions thereof validly tendered and not
properly withdrawn pursuant to the Exchange Offer; and

	(ii)	 	deliver, or cause to be delivered, to the Trustee for cancellation all Registrable Securities
or portions thereof so accepted for exchange by the Company and issue, and cause the Trustee
to promptly authenticate and deliver to each Holder, Exchange Securities equal in principal
amount to the principal amount of the Registrable Securities tendered by such Holder.

6

 

     The Company and the Guarantors shall use their commercially reasonable efforts to complete the
Exchange Offer as provided above and shall comply in all material respects with the applicable
requirements of the Securities Act, the Exchange Act and other applicable laws and regulations in
connection with the Exchange Offer. The Exchange Offer shall not be subject to any conditions,
other than that the Exchange Offer does not violate any applicable law or applicable
interpretations of the Staff.

     (b) In the event that (i) the Company and the Guarantors determine that the Exchange Offer
Registration provided for in Section 2(a) above is not available or may not be completed as soon as
practicable after the last Exchange Date because it would violate any applicable law or applicable
interpretations of the Staff, (ii) the Exchange Offer is not for any other reason completed by the
325th day after May [ ], 2011 or (iii) upon receipt of a written request (a “Shelf
Request”) from any Initial Purchaser representing that, on advice of counsel, it holds Registrable
Securities that are or were ineligible to be exchanged in the Exchange Offer, the Company and the
Guarantors shall use their commercially reasonable efforts to cause to be filed within 90 days
after such determination, date or Shelf Request, as the case may be, a Shelf Registration Statement
providing for the sale of all the Registrable Securities by the Holders thereof and to have such
Shelf Registration Statement become effective as soon as reasonably practicable.

     In the event that the Company and the Guarantors are required to file a Shelf Registration
Statement pursuant to clause (iii) of the preceding sentence, the Company and the Guarantors shall
use their commercially reasonable efforts to file and have become effective both an Exchange Offer
Registration Statement pursuant to Section 2(a) with respect to all Registrable Securities and a
Shelf Registration Statement (which may be a combined Registration Statement with the Exchange
Offer Registration Statement if so permitted) with respect to offers and sales of Registrable
Securities held by the Initial Purchasers after completion of the Exchange Offer.

     Subject to the fifth paragraph of Section 2(d), the Company and the Guarantors agree to use
their commercially reasonable efforts to keep the Shelf Registration Statement continuously
effective for one year, provided that such period shall be extended until and unless the Company
has removed the restrictive legend from the Registrable Securities and has obtained an unrestricted
CUSIP for the Registrable Securities, or such shorter period that will terminate when all the
Registrable Securities covered by the Shelf Registration Statement have been sold pursuant to the
Shelf Registration Statement (the “Shelf Effectiveness Period”) or until the Securities are freely
tradable by non-affiliates under Rule 144 (or any similar rule then in force, but not Rule 144A)
under the Securities Act and the Company has removed the restrictive legend from the Registrable
Securities and has obtained an unrestricted CUSIP for the Registrable Securities without the need
for current public information. The Company and the Guarantors further agree to supplement or
amend the Shelf Registration Statement and the related Prospectus if required by the rules,
regulations or instructions applicable to the registration form used by the Company for such Shelf
Registration Statement or by the Securities Act or by any other rules and regulations thereunder or
if reasonably requested by a Holder of Registrable Securities with respect to information

7

 

relating to such Holder, and to use their commercially reasonable efforts to cause any such
amendment to become effective, if required, and such Shelf Registration Statement and Prospectus to
become usable as soon as thereafter practicable. The Company and the Guarantors agree to furnish
to the Holders of Registrable Securities copies of any such supplement or amendment promptly after
its being used or filed with the SEC. Notwithstanding anything to the contrary, the requirements
to file a Shelf Registration Statement providing for the sale of such Registrable Securities and to
have such Shelf Registration Statement become and remain effective will terminate at such time as
all the Securities are freely tradable by non-affiliates under Rule 144 (or any similar rule then
in force, but not Rule 144A) under the Securities Act without the need for current public
information and the Company has removed the restrictive legend from the Registrable Securities and
has obtained an unrestricted CUSIP for the Registrable Securities.

     (c) The Company and the Guarantors shall pay all Registration Expenses in connection with any
registration pursuant to Section 2(a) or Section 2(b) hereof. Each Holder shall pay all
underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating
to the sale or disposition of such Holder’s Registrable Securities pursuant to the Shelf
Registration Statement and, except as otherwise contemplated by this Agreement, any fees and
disbursements of counsel or experts retained by such Holder in connection with any registration
pursuant hereto (other than any such fees and disbursements included within the definition of
Registration Expenses).

     (d) An Exchange Offer Registration Statement pursuant to Section 2(a) hereof will not be
deemed to have become effective unless it has been declared effective by the SEC. A Shelf
Registration Statement pursuant to Section 2(b) hereof will not be deemed to have become effective
unless it has been declared effective by the SEC or is automatically effective upon filing with the
SEC as provided by Rule 462 under the Securities Act.

     In the event that either the Exchange Offer is not completed or the Shelf Registration
Statement, if required pursuant to Section 2(b)(i) or 2(b)(ii) hereof, has not become effective on
or prior to the 325th day after May [ ], 2011, (which 325th day is referred
to as the “Target Registration Date”), the annual interest rate on the Registrable Securities will
be increased by (i) 0.25% per annum for the first 90-day period immediately following the Target
Registration Date and (ii) an additional 0.25% per annum with respect to each subsequent 90-day
period, in each case until the Exchange Offer is completed or the Shelf Registration Statement, if
required hereby, becomes effective, up to a maximum increase of 1.00% per annum. In the event that
the Company receives a Shelf Request pursuant to Section 2(b)(iii), and the Shelf Registration
Statement required to be filed thereby has not become effective by the later of the
325th day after May [ ], 2011 or (y) 90 days after delivery of such Shelf Request (such
later date, the “Shelf Additional Interest Date”), then the interest rate on the Registrable
Securities will be increased by (i) 0.25% per annum for the first 90-day period payable commencing
from one day after the Shelf Additional Interest Date and (ii) an additional 0.25% per annum with
respect to each subsequent 90-day period, in each case until the Shelf Registration Statement
becomes effective.

8

 

     If the Shelf Registration Statement, if required hereby, has become effective and thereafter
either ceases to be effective or the Prospectus contained therein ceases to be usable, in each case
whether or not permitted by this Agreement, at any time during the Shelf Effectiveness Period, and
such failure to remain effective or usable exists for more than 30 days (whether or not
consecutive) in any 12-month period, then the annual interest rate on the Registrable Securities
will be increased by (i) 0.25% per annum for the first 90-days commencing on the 31st
day in such 12-month period and (ii) an additional 0.25% per annum with respect to each additional
90-days, up to a maximum increase of 1.00% per annum, ending on such date that the Shelf
Registration Statement has again become effective or the Prospectus again becomes usable.

     For the avoidance of doubt, in the case that more than one basis for an increase in any
interest rate pursuant to this Section 2(d) arises or exists, such interest rate increases will not
be aggregated and instead the interest rate will be increased as if only one such basis exists.
Following the cessation of such basis for increased interest, the accrual of such additional
interest will cease.

     Subject to the limitation set forth in the next succeeding paragraph and subject to the
provisions of Section 3 of this Agreement, the Company shall be entitled to delay the initial
filing of the Shelf Registration Statement, suspend its obligation to file any amendment to the
Shelf Registration Statement, furnish any supplement or amendment to a Prospectus included in the
Shelf Registration Statement, make any other filing with the SEC that would be incorporated by
reference into the Shelf Registration Statement, cause the Shelf Registration Statement to remain
effective or take any similar action (collectively, “Registration Actions”) if there is a
possible acquisition or business combination or other transaction, business development or event
involving the Company and its subsidiaries that may require disclosure in the Shelf Registration
Statement and the Company determines in the exercise of its good faith judgment that such
disclosure is not in the best interest of the Company and its stockholders or obtaining any
financial statements relating to any such acquisition or business combination required to be
included in the Shelf Registration Statement would be impracticable or upon any event described in
Section 3(a)(v)(5). Upon the occurrence of any of the conditions described in the foregoing
sentence, the Company shall give prompt notice (a “Suspension Notice”) thereof to the
Holders. Upon the termination of such condition, the Company shall give prompt notice thereof to
the Holders and shall promptly proceed with all Registration Actions that were suspended pursuant
to this paragraph.

     The Company may suspend Registration Actions pursuant to the preceding paragraph for one or
more periods (each, a “Suspension Period”) not to exceed 90 days in the aggregate during
any twelve month period, during which no additional interest shall be payable pursuant to this
Section 2(d) as a result thereof. If one or more Suspension Periods exceed 90 days in the aggregate
during any twelve month period, then additional interest shall begin to accrue on the 91st day
until such Registration Default is cured. Each Suspension Period shall be deemed to begin on the
date the relevant Suspension Notice is given to the Holders and shall end on the date on which

9

 

the Company gives the Holders a notice that the Suspension Period has terminated. The Company shall
extend the Shelf Effectiveness Period by the total number of days during which a Suspension Period
was in effect, so long as there are Registrable Securities. Notwithstanding anything to the
foregoing, the Company shall at all times use its commercially reasonable efforts to end any
Suspension Period at the earliest possible time.

     (e) Without limiting the remedies available to the Initial Purchasers and the Holders, the
Company and the Guarantors acknowledge that any failure by the Company or the Guarantors to comply
with their obligations under Section 2(a) and Section 2(b) hereof may result in material
irreparable injury to the Initial Purchasers or the Holders for which there is no adequate remedy
at law, that it will not be possible to measure damages for such injuries precisely and that, in
the event of any such failure, the Initial Purchasers or any Holder may obtain such relief as may
be required to specifically enforce the Company’s and the Guarantors’ obligations under Section
2(a) and Section 2(b) hereof.

     (f) The Company represents, warrants and covenants that it (including its agents and
representatives) will not prepare, make, use, authorize, approve or refer to any Free Writing
Prospectus.

     3. Registration Procedures. (a) In connection with their obligations pursuant to
Section 2(a) and Section 2(b) hereof, the Company and the Guarantors shall as soon as reasonably
practicable:

     (i) prepare and file with the SEC a Registration Statement on the appropriate form under the
Securities Act, which form (x) shall be selected by the Company and the Guarantors, (y) shall, in
the case of a Shelf Registration, be available for the sale of the Registrable Securities by the
Holders thereof and (z) shall comply as to form in all material respects with the requirements of
the applicable form and include or incorporate by reference all financial statements required by
the SEC to be filed therewith; and use their commercially reasonable efforts to cause such
Registration Statement to become effective and remain effective for the applicable period in
accordance with Section 2 hereof;

     (ii) subject to the fifth paragraph of Section 2(d), prepare and file with the SEC such
amendments and post-effective amendments to each Registration Statement as may be necessary to keep
such Registration Statement effective for the applicable period in accordance with Section 2 hereof
and cause each Prospectus to be supplemented by any required prospectus supplement and, as so
supplemented, to be filed pursuant to Rule 424 under the Securities Act; and keep each Prospectus
current during the period described in Section 4(3) of and Rule 174 under the Securities Act that
is applicable to transactions by brokers or dealers with respect to the Registrable Securities or
Exchange Securities;

     (iii) in the case of a Shelf Registration, furnish to each Holder of Registrable Securities,
to counsel for the Initial Purchasers, to counsel for such Holders and to each Underwriter of an
Underwritten Offering of Registrable Securities, if any, without charge,

10

 

as many copies of each Prospectus or preliminary prospectus, and any amendment or supplement
thereto, as such Holder, counsel or Underwriter may reasonably request in order to facilitate the
sale or other disposition of the Registrable Securities thereunder; and the Company and the
Guarantors consent to the use of such Prospectus, preliminary prospectus and any amendment or
supplement thereto in accordance with applicable law by each of the Holders of Registrable
Securities and any such Underwriters in connection with the offering and sale of the Registrable
Securities covered by and in the manner described in such Prospectus, preliminary prospectus or any
amendment or supplement thereto in accordance with applicable law;

     (iv) use their commercially reasonable efforts to register or qualify the Registrable
Securities under all applicable state securities or blue sky laws of such jurisdictions in the
United States as any Holder of Registrable Securities covered by a Registration Statement shall
reasonably request in writing by the time the applicable Registration Statement becomes effective;
cooperate with such Holders in connection with any filings required to be made with the Financial
Industry Regulatory Authority; and do any and all other acts and things that may be reasonably
necessary or advisable to enable each Holder to complete the disposition in each such jurisdiction
of the Registrable Securities owned by such Holder; provided that neither the Company nor
any Guarantor shall be required to (1) qualify as a foreign corporation or other entity or as a
dealer in securities in any such jurisdiction where it would not otherwise be required to so
qualify, (2) file any general consent to service of process in any such jurisdiction or (3) subject
itself to taxation in any such jurisdiction if it is not so subject;

     (v) notify counsel for the Initial Purchasers and, in the case of a Shelf Registration, notify
each Holder of Registrable Securities and counsel for such Holders promptly and, if requested by
any such Holder or counsel, confirm such advice in writing (1) when a Registration Statement has
become effective, when any post-effective amendment thereto has been filed and becomes effective
and when any amendment or supplement to the Prospectus has been filed, (2) of any request by the
SEC or any state securities authority for amendments and supplements to a Registration Statement or
Prospectus or for additional information after the Registration Statement has become effective, (3)
of the issuance by the SEC or any state securities authority of any stop order suspending the
effectiveness of a Registration Statement or the initiation of any proceedings for that purpose,
including the receipt by the Company of any notice of objection of the SEC to the use of a Shelf
Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the
Securities Act, (4) if, between the applicable effective date of a Shelf Registration Statement and
the closing of any sale of Registrable Securities covered thereby, the representations and
warranties of the Company or any Guarantor contained in any underwriting agreement, securities
sales agreement or other similar agreement, if any, relating to an offering of such Registrable
Securities cease to be true and correct in all material respects or if the Company or any Guarantor
receives any notification with respect to the suspension of the qualification of the Registrable
Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose, (5)
of the happening of any event during the period a Registration Statement is effective that makes
any statement made in such Registration Statement or the related Prospectus untrue in any material
respect or that requires the making of any changes in such Registration Statement or Prospectus in

11

 

order to make the statements therein not misleading, and (6) of any determination by the
Company or any Guarantor that a post-effective amendment to a Registration Statement or any
amendment or supplement to the Prospectus would be appropriate;

     (vi) use their commercially reasonable efforts to obtain the withdrawal of any order
suspending the effectiveness of a Registration Statement or, in the case of a Shelf Registration,
the resolution of any objection of the SEC pursuant to Rule 401(g)(2), including by filing an
amendment to such Shelf Registration Statement on the proper form, as soon as reasonably
practicable and provide immediate notice to each Holder of the withdrawal of any such order or such
resolution;

     (vii) in the case of a Shelf Registration, furnish to each Holder of Registrable Securities,
without charge, upon request, at least one conformed copy of each Registration Statement and any
post-effective amendment thereto (without any documents incorporated therein by reference or
exhibits thereto, unless requested);

     (viii) in the case of a Shelf Registration, cooperate with the Holders of Registrable
Securities to facilitate the timely preparation and delivery of certificates representing
Registrable Securities to be sold and not bearing any restrictive legends and enable such
Registrable Securities to be issued in such denominations and registered in such names (consistent
with the provisions of the Indenture) as such Holders may reasonably request at least one Business
Day prior to the closing of any sale of Registrable Securities;

     (ix) subject to the fifth paragraph of Section 2(d), in the case of a Shelf Registration, upon
the occurrence of any event contemplated by Section 3(a)(v)(5) hereof, use their commercially
reasonable efforts to prepare and file with the SEC a supplement or post-effective amendment to
such Shelf Registration Statement or the related Prospectus or any document incorporated therein by
reference or file any other required document so that, as thereafter delivered (or, to the extent
permitted by law, made available) to purchasers of the Registrable Securities, such Prospectus will
not contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements therein, in the light of the circumstances under which they were made, not
misleading; and the Company and the Guarantors shall notify the Holders of Registrable Securities
to suspend use of the Prospectus as promptly as practicable after the occurrence of such an event,
and such Holders hereby agree to suspend use of the Prospectus until the Company and the Guarantors
have amended or supplemented the Prospectus to correct such misstatement or omission;

     (x) a reasonable time prior to the filing of any Registration Statement, any Prospectus, any
amendment to a Registration Statement or amendment or supplement to a Prospectus or of any document
that is to be incorporated by reference into a Registration Statement or a Prospectus after initial
filing of a Registration Statement, provide copies of such document to the Initial Purchasers and
their counsel (and, in the case of a Shelf Registration Statement, to the Holders of Registrable
Securities and their counsel) and make such of the representatives of the Company and the
Guarantors as shall be reasonably requested by the Initial Purchasers or their counsel (and, in the
case of a Shelf Registration Statement, the Holders of Registrable

12

 

Securities or their counsel) available for discussion of such document; and the Company and
the Guarantors shall not, at any time after initial filing of a Registration Statement, use or file
any Prospectus, any amendment of or supplement to a Registration Statement or a Prospectus, or any
document that is to be incorporated by reference into a Registration Statement or a Prospectus, of
which the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement,
the Holders of Registrable Securities and their counsel) shall not have previously been advised and
furnished a copy or to which the Initial Purchasers or their counsel (and, in the case of a Shelf
Registration Statement, the Holders of Registrable Securities or their counsel) shall reasonably
object;

     (xi) obtain a CUSIP number for all Exchange Securities or Registrable Securities, as the case
may be, not later than the initial effective date of a Registration Statement;

     (xii) cause the Indenture to be qualified under the Trust Indenture Act in connection with the
registration of the Exchange Securities or Registrable Securities, as the case may be; cooperate
with the Trustee and the Holders to effect such changes to the Indenture as may be required for the
Indenture to be so qualified in accordance with the terms of the Trust Indenture Act; and execute,
and use their commercially reasonable efforts to cause the Trustee to execute, all documents as may
be required to effect such changes and all other forms and documents required to be filed with the
SEC to enable the Indenture to be so qualified in a timely manner;

     (xiii) in the case of a Shelf Registration, make available for inspection by a representative
of the Holders of the Registrable Securities (an “Inspector”), any Underwriter participating in any
disposition pursuant to such Shelf Registration Statement, any attorneys and accountants designated
by a majority of the Holders of Registrable Securities to be included in such Shelf Registration
and any attorneys and accountants designated by such Underwriter, at reasonable times and in a
reasonable manner, all pertinent financial and other records, documents and properties of the
Company and its subsidiaries, and cause the respective officers, directors and employees of the
Company and the Guarantors to supply all information reasonably requested by any such Inspector,
Underwriter, attorney or accountant in connection with a Shelf Registration Statement;
provided that if any such information is identified by the Company or any Guarantor as
being confidential or proprietary, each Person receiving such information shall take actions to
maintain it in confidence and such information shall not be disclosed to any other Person until
such time as the circumstances in any of the following clauses 1, 2 or 3 exist, or used for any
purpose other than due diligence in connection with such Shelf Registration until such time as the
circumstances in the following clause 3 exist: (1) the disclosure of such information is required
to be set forth in the Shelf Registration Statement or the Prospectus included therein or in an
amendment to such Shelf Registration Statement or an amendment or supplement to such Prospectus in
order that such Shelf Registration Statement, Prospectus, amendment or supplement as the case may
be, does not contain an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein not misleading in light
of the circumstances then existing (in which case the subject information may only be disclosed to
another

13

 

Person following such time as the Shelf Registration Statement in which such information is
included is publicly filed by the Company with the SEC), (2) such Person shall be legally compelled
to disclose such information pursuant to a subpoena or other order from a court of competent
jurisdiction (but only after such Person shall have given the Company prior written notice of such
requirement, and provided that such Person uses reasonable efforts to allow the Company at the
Company’s expense to undertake to contest the compulsion to disclose such information), or (3) the
information has been made generally available to the public. Notwithstanding the foregoing, any
Person receiving such information may disclose the information to any governmental or regulatory
authority having jurisdiction over such Person (other than pursuant to a subpoena or other order
from a court of competent jurisdiction, which disclosure shall be subject to clause (2) of the
proviso to the immediately preceding sentence) without notice to or consent from the Company if
such Person advises such authority of the confidential nature of the information;

     (xiv) in the case of a Shelf Registration, use their commercially reasonable efforts to cause
all Registrable Securities to be listed on any securities exchange or any automated quotation
system on which similar securities issued or guaranteed by the Company or any Guarantor are then
listed if requested by the Majority Holders, to the extent such Registrable Securities satisfy
applicable listing requirements;

     (xv) if reasonably requested by any Holder of Registrable Securities covered by a Shelf
Registration Statement, promptly include in or incorporate by reference a Prospectus supplement or
post-effective amendment such information with respect to such Holder as such Holder reasonably
requests to be included therein and make all required filings of such Prospectus supplement or such
post-effective amendment as soon as reasonably practicable after the Company has received
notification of the matters to be so included in such filing;

     (xvi) in the case of a Shelf Registration, enter into such customary agreements and take all
such other actions in connection therewith (including those requested by the Holders of a majority
in principal amount of the Registrable Securities covered by the Shelf Registration Statement) in
order to expedite or facilitate the disposition of such Registrable Securities including, but not
limited to, an Underwritten Offering and in such connection, (1) to the extent possible, make such
representations and warranties to the Holders and any Underwriters of such Registrable Securities
with respect to the business of the Company and its subsidiaries and the Registration Statement,
Prospectus and documents incorporated by reference or deemed incorporated by reference, if any, in
each case, in form, substance and scope as are customarily made by issuers to underwriters in
underwritten offerings and confirm the same if and when requested, (2) in connection with any
Underwritten Offering, obtain opinions of counsel to the Company and the Guarantors (which counsel
and opinions, in form, scope and substance, shall be reasonably satisfactory to the Holders and
such Underwriters and their respective counsel) addressed to each selling Holder and Underwriter of
Registrable Securities, covering the matters customarily covered in opinions requested in
underwritten offerings, (3) in connection with any Underwritten Offering, obtain “comfort” letters
from the independent certified public accountants of the Company and the Guarantors (and, if
necessary, any other certified public accountant of any

14

 

subsidiary of the Company or any Guarantor, or of any business acquired by the Company or any
Guarantor for which financial statements and financial data are or are required to be included in
the Registration Statement) addressed to each selling Holder (to the extent permitted by applicable
professional standards) and Underwriter of Registrable Securities, such letters to be in customary
form and covering matters of the type customarily covered in “comfort” letters in connection with
underwritten offerings, including but not limited to financial information contained in any
preliminary prospectus or Prospectus and (4) in connection with any Underwritten Offering, deliver
such documents and certificates as may be reasonably requested by the Holders of a majority in
principal amount of the Registrable Securities being sold or the Underwriters, and which are
customarily delivered in underwritten offerings, to evidence the continued validity of the
representations and warranties of the Company and the Guarantors made pursuant to clause (1) above
and to evidence compliance with any customary conditions contained in an underwriting agreement;
and

     (xvii) so long as any Registrable Securities remain outstanding, cause each Additional
Guarantor upon the creation or acquisition by the Company of such Additional Guarantor, to execute
a counterpart to this Agreement in the form attached hereto as Annex A and to deliver such
counterpart to the Initial Purchasers no later than five Business Days following the execution
thereof.

     (b) In the case of a Shelf Registration Statement, as a condition to including such Holder’s
Registrable Securities in such Shelf Registration Statement, each Holder of Registrable Securities
must furnish to the Company such information regarding such Holder and the proposed disposition by
such Holder of such Registrable Securities and provide comments to the Shelf Registration Statement
as the Company and the Guarantors may from time to time reasonably request in writing within a
reasonable time period specified by the Company and of which such Holder has been notified in
writing. Any Holder who fails to comply with such provision shall not be entitled to include his
Registrable Securities in the Shelf Registration Statement or to receive the increased interest
specified under Section 2(d) with respect to such Registrable Securities.

     (c) In the case of a Shelf Registration Statement, each Holder of Registrable Securities
covered in such Shelf Registration Statement agrees that, upon receipt of any notice from the
Company and the Guarantors of the happening of any event of the kind described in Section
3(a)(v)(2) through and including 3(a)(v)(5) hereof, such Holder will treat such notice as
confidential information within the meaning of Section 3(a)(xiii) hereof and will forthwith
discontinue disposition of Registrable Securities pursuant to the Shelf Registration Statement
until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by
Section 3(a)(ix) hereof and, if so directed by the Company and the Guarantors, such Holder will
deliver to the Company and the Guarantors all copies in its possession, other than permanent file
copies then in such Holder’s possession, of the Prospectus covering such Registrable Securities
that is current at the time of receipt of such notice.

     (d) If the Company and the Guarantors shall give any notice to suspend the disposition of
Registrable Securities pursuant to a Registration Statement, the Company and the Guarantors shall
extend the period during which such Registration Statement

15

 

shall be maintained effective pursuant to this Agreement by the number of days during the
period from and including the date of the giving of such notice to and including the date when the
Holders of such Registrable Securities shall have received copies of the supplemented or amended
Prospectus necessary to resume such dispositions. The Company and the Guarantors may give any such
notice one or more times during any 365-day period and any such suspensions shall not exceed 90
days in the aggregate during any 365-day period.

     (e) The Holders of Registrable Securities covered by a Shelf Registration Statement who desire
to do so may sell such Registrable Securities in an Underwritten Offering. In any such
Underwritten Offering, the investment bank or investment banks and manager or managers (each an
“Underwriter”) that will administer the offering will be selected by the Holders of a majority in
principal amount of the Registrable Securities included in such offering, subject to the consent of
the Company (which shall not be unreasonably withheld). No Holder may participate in any
Underwritten Offering unless such Holder (i) agrees to sell such Holder’s Securities on the basis
provided in any underwriting arrangements approved by the persons entitled hereunder to approve
such arrangements and (ii) completes and executes all reasonable questionnaires, powers of
attorney, indemnities, underwriting agreements, lock-up letters and other documents, under
customary terms, and required under the terms of such underwriting arrangements. 

     4. Participation of Broker-Dealers in Exchange Offer. (a) The Staff has taken the
position that any broker-dealer that receives Exchange Securities for its own account in the
Exchange Offer in exchange for Securities that were acquired by such broker-dealer as a result of
market-making or other trading activities (a “Participating Broker-Dealer”) may be deemed to be an
“underwriter” within the meaning of the Securities Act and must deliver a prospectus
meeting the requirements of the Securities Act in connection with any resale of such Exchange
Securities.

     The Company, the Guarantors and the Holders understand that it is the Staff’s position that if
the Prospectus contained in the Exchange Offer Registration Statement includes a plan of
distribution containing a statement to the above effect and the means by which Participating
Broker-Dealers may resell the Exchange Securities, without naming the Participating Broker-Dealers
or specifying the amount of Exchange Securities owned by them (except to the extent required by
Staff positions), such Prospectus may be delivered by Participating Broker-Dealers (or, to the
extent permitted by law, made available to purchasers) to satisfy their prospectus delivery
obligation under the Securities Act in connection with resales of Exchange Securities for their own
accounts, so long as the Prospectus otherwise meets the requirements of the Securities Act.

     (b) In light of the above, and notwithstanding the other provisions of this Agreement, the
Company and the Guarantors agree to amend or supplement the Prospectus contained in the Exchange
Offer Registration Statement for a period of up to 180 days after the last Exchange Date (as such
period may be extended pursuant to Section 3(d) of this Agreement), if requested by one or more
Participating Broker-Dealers, in order to expedite or facilitate the disposition of any Exchange
Securities by

16

 

Participating Broker-Dealers consistent with the positions of the Staff recited in Section
4(a) above. The Company and the Guarantors further agree that Participating Broker-Dealers shall
be authorized to deliver such Prospectus (or, to the extent permitted by law, make available)
during such period (but not thereafter) in connection with the resales contemplated by this Section
4; provided that the Company and the Guarantors shall not be required to amend or supplement the
Prospectus contained in the Exchange Offer Registration Statement, as would otherwise be
contemplated by Section 3, (A) after the Participating Broker-Dealers shall have disposed of the
Registrable Securities or (B) for a period exceeding 180 days after the last Exchange Date (as such
period may be extended pursuant to Section 3(d)) and Participating Broker-Dealers shall not be
authorized by the Company and the Guarantors to deliver and shall not deliver such Prospectus after
such date or period in connection with the resales contemplated by this Section 4; and the
application of the Shelf Registration procedures set forth in Section 3 of this Agreement to the
Exchange Offer Registration, to the extent not required by the positions of the Staff or the
Securities Act and the rules and regulations thereunder, will be in conformity with the reasonable
request to the Company and the Guarantors by the Initial Purchasers or with the reasonable request
in writing to the Company by one or more broker-dealers who certify to the Initial Purchasers and
the Company and the Guarantors in writing that they anticipate that they will be Participating
Broker-Dealers; and provided further that, in connection with such application of the Shelf
Registration procedures set forth in Section 3 to the Exchange Offer Registration, the Company and
the Guarantors shall be obligated (x) to deal only with one entity representing the Participating
Broker-Dealers, which shall be Goldman Sachs, (y) to pay the reasonable fees and expenses of only
one counsel representing the Participating Broker-Dealers, which shall be counsel to the Initial
Purchasers unless such counsel elects not to so act and (z) to cause to be delivered only one, if
any, “cold comfort” letter with respect to the Prospectus in the form existing on the last Exchange
Date and with respect to each subsequent amendment to supplement, if any, effected during the
period specified in Section 3 above.

     (c) The Initial Purchasers shall have no liability to the Company, any Guarantor or any Holder
with respect to any request that they may make pursuant to Section 4(b) above.

     5. Indemnification and Contribution. (a) The Company and each Guarantor, jointly and
severally, agree to indemnify and hold harmless (i) each Initial Purchaser and each Holder, their
respective affiliates, directors and officers and each Person, if any, who controls any Initial
Purchaser or any Holder within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act, from and against any and all losses, claims, damages and liabilities (including,
without limitation, legal fees and other expenses incurred in connection with any suit, action or
proceeding or any claim asserted, as such fees and expenses are incurred), joint or several, that
arise out of, or are based upon, (1) any untrue statement or alleged untrue statement of a material
fact contained in any Registration Statement or any omission or alleged omission to state therein a
material fact required to be stated therein or necessary in order to make the statements therein
not misleading, or (2) any untrue statement or alleged untrue statement of a material fact
contained in any Prospectus, any Free Writing Prospectus used in violation of this Agreement or any
“issuer information” (“Issuer Information”) filed

17

 

or required to be filed pursuant to Rule 433(d) under the Securities Act, or any omission or
alleged omission to state therein a material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not misleading, in each case
except insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any
untrue statement or omission or alleged untrue statement or omission made in reliance upon and in
conformity with any information relating to any Initial Purchaser or information relating to any
Holder furnished to the Company in writing through Goldman Sachs, BofA Merrill Lynch, JPMorgan or
any selling Holder, respectively expressly for use therein. In connection with any Underwritten
Offering permitted by Section 3, the Company and the Guarantors, jointly and severally, will also
indemnify the Underwriters, if any, selling brokers, dealers and similar securities industry
professionals participating in the distribution, their respective affiliates and each Person who
controls such Persons (within the meaning of the Securities Act and the Exchange Act) to the same
extent as provided above with respect to the indemnification of the Holders, if requested in
connection with any Registration Statement, any Prospectus, any Free Writing Prospectus or any
Issuer Information.

     (b) Each Holder agrees, severally and not jointly, to indemnify and hold harmless the Company,
the Guarantors, the Initial Purchasers and the other selling Holders, the directors of the Company
and the Guarantors, each officer of the Company and the Guarantors who signed the Registration
Statement and each Person, if any, who controls the Company, the Guarantors, any Initial Purchaser
and any other selling Holder within the meaning of Section 15 of the Securities Act or Section 20
of the Exchange Act to the same extent as the indemnity set forth in paragraph (a) above, but only
with respect to any losses, claims, damages or liabilities that arise out of, or are based upon,
any untrue statement or omission or alleged untrue statement or omission made in reliance upon and
in conformity with any information relating to such Holder furnished to the Company in writing by
such Holder expressly for use in any Registration Statement and any Prospectus.

     (c) If any suit, action, proceeding (including any governmental or regulatory investigation),
claim or demand shall be brought or asserted against any Person in respect of which indemnification
may be sought pursuant to either paragraph (a) or (b) above, such Person (the “Indemnified Person”)
shall promptly notify the Person against whom such indemnification may be sought (the “Indemnifying
Person”) in writing; provided that the failure to notify the Indemnifying Person shall not
relieve it from any liability that it may have under this Section 5 except to the extent that it
has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such
failure; and provided, further, that the failure to notify the Indemnifying Person
shall not relieve it from any liability that it may have to an Indemnified Person otherwise than
under this Section 5. If any such proceeding shall be brought or asserted against an Indemnified
Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall
retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified
Person and any others entitled to indemnification pursuant to this Section 5 that the Indemnifying
Person may designate in such proceeding and shall pay the fees and expenses of such proceeding and
shall pay the fees and expenses of such counsel related to such proceeding, as incurred. In any
such proceeding, any Indemnified

18

 

Person shall have the right to retain its own counsel, but the fees and expenses of such counsel
shall be at the expense of such Indemnified Person unless (i) the Indemnifying Person and the
Indemnified Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person has
failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified
Person; (iii) the Indemnified Person shall have reasonably concluded that there may be legal
defenses available to it that are different from or in addition to those available to the
Indemnifying Person; or (iv) the named parties in any such proceeding (including any impleaded
parties) include both the Indemnifying Person and the Indemnified Person and representation of both
parties by the same counsel would be inappropriate due to actual or potential differing interests
between them. It is understood and agreed that the Indemnifying Person shall not, in connection
with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and
expenses of more than one separate firm (in addition to any local counsel) for all Indemnified
Persons, and that all such fees and expenses shall be reimbursed as they are incurred. Any such
separate firm (x) for any Initial Purchaser, its affiliates, directors and officers and any control
Persons of such Initial Purchaser shall be designated in writing by Goldman Sachs, BofA Merrill
Lynch and JPMorgan, (y) for any Holder, its directors and officers and any control Persons of such
Holder shall be designated in writing by the Majority Holders and (z) in all other cases shall be
designated in writing by the Company. The Indemnifying Person shall not be liable for any
settlement of any proceeding effected without its written consent, but if settled with such consent
or if there be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each
Indemnified Person from and against any loss or liability by reason of such settlement or judgment.
No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any
settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or
could have been a party and indemnification could have been sought hereunder by such Indemnified
Person, unless such settlement (A) includes an unconditional release of such Indemnified Person, in
form and substance reasonably satisfactory to such Indemnified Person, from all liability on claims
that are the subject matter of such proceeding and (B) does not include any statement as to or any
admission of fault, culpability or a failure to act by or on behalf of any Indemnified Person.

     (d) If the indemnification provided for in paragraphs (a) and (b) above is unavailable to an
Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities
referred to therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying
such Indemnified Person thereunder, shall contribute to the amount paid or payable by such
Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such
proportion as is appropriate to reflect the relative benefits received by the Company and the
Guarantors from the offering of the Securities and the Exchange Securities, on the one hand, and by
the Holders from receiving Securities or Exchange Securities registered under the Securities Act,
on the other hand, or (ii) if the allocation provided by clause (i) is not permitted by applicable
law, in such proportion as is appropriate to reflect not only the relative benefits referred to in
clause (i) but also the relative fault of the Company and the Guarantors on the one hand and the
Holders on the other in connection with the statements or omissions that resulted in such losses,
claims, damages or liabilities, as well as any other relevant equitable considerations. The
relative fault of the Company and the Guarantors on the

19

 

one hand and the Holders on the other shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the Company and the Guarantors
or by the Holders and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission.

     (e) The Company, the Guarantors and the Holders agree that it would not be just and equitable
if contribution pursuant to this Section 5 were determined by pro rata allocation
(even if the Holders were treated as one entity for such purpose) or by any other method of
allocation that does not take account of the equitable considerations referred to in paragraph (d)
above. The amount paid or payable by an Indemnified Person as a result of the losses, claims,
damages and liabilities referred to in paragraph (d) above shall be deemed to include, subject to
the limitations set forth above, any reasonable legal or other expenses incurred by such
Indemnified Person in connection with any such action or claim. Notwithstanding the provisions of
this Section 5, in no event shall a Holder be required to contribute any amount in excess of the
amount by which the total price at which the Securities or Exchange Securities sold by such Holder
exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of
such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.
The Holders’ obligations to contribute pursuant to this Section 5 are several and not joint.

     (f) The remedies provided for in this Section 5 are not exclusive and shall not limit any
rights or remedies that may otherwise be available to any Indemnified Person at law or in equity.

     (g) The indemnity and contribution provisions contained in this Section 5 shall remain
operative and in full force and effect regardless of (i) any termination of this Agreement, (ii)
any investigation made by or on behalf of the Initial Purchasers or any Holder or any Person
controlling any Initial Purchaser or any Holder, or by or on behalf of the Company or the
Guarantors or the officers or directors of or any Person controlling the Company or the Guarantors,
(iii) acceptance of any of the Exchange Securities and (iv) any sale of Registrable Securities
pursuant to a Shelf Registration Statement.

     6. General.

     (a) No Inconsistent Agreements. The Company and the Guarantors represent, warrant and agree
that (i) the rights granted to the Holders hereunder do not in any way conflict with and are not
inconsistent with the rights granted to the holders of any other outstanding securities issued or
guaranteed by the Company or any Guarantor under any other agreement and (ii) neither the Company
nor any Guarantor has entered into, or on or after the date of this Agreement will enter into, any
agreement that is inconsistent with the rights granted to the Holders of Registrable Securities in
this Agreement or otherwise conflicts with the provisions hereof.

20

 

     (b) Amendments and Waivers. The provisions of this Agreement, including the provisions of
this sentence, may not be amended, modified or supplemented, and waivers or consents to departures
from the provisions hereof may not be given unless the Company and the Guarantors have obtained the
written consent of Holders of at least a majority in aggregate principal amount of the outstanding
Registrable Securities affected by such amendment, modification, supplement, waiver or consent;
provided that no amendment, modification, supplement, waiver or consent to any departure
from the provisions of Section 5 hereof shall be effective as against any Holder of Registrable
Securities unless consented to in writing by such Holder. Any amendments, modifications,
supplements, waivers or consents pursuant to this Section 6(b) shall be by a writing executed by
each of the parties hereto.

     (c) Notices. All notices and other communications provided for or permitted hereunder shall
be made in writing by hand-delivery, registered first-class mail, telex, telecopier, or any courier
guaranteeing overnight delivery (i) if to a Holder, at the most current address given by such
Holder to the Company by means of a notice given in accordance with the provisions of this Section
6(c), which address initially is, with respect to the Initial Purchasers, the address set forth in
the Purchase Agreement; (ii) if to the Company and the Guarantors, initially at the Company’s
address set forth in the Purchase Agreement and thereafter at such other address, notice of which
is given in accordance with the provisions of this Section 6(c); and (iii) to such other persons at
their respective addresses as provided in the Purchase Agreement and thereafter at such other
address, notice of which is given in accordance with the provisions of this Section 6(c). All such
notices and communications shall be deemed to have been duly given: at the time delivered by hand,
if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if
mailed; when answered back, if telexed; when receipt is acknowledged, if telecopied; and on the
next Business Day if timely delivered to an air courier guaranteeing overnight delivery. Copies of
all such notices, demands or other communications shall be concurrently delivered by the Person
giving the same to the Trustee, at the address specified in the Indenture.

     (d) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon
the successors, assigns and transferees of each of the parties, including, without limitation and
without the need for an express assignment, subsequent Holders; provided that nothing
herein shall be deemed to permit any assignment, transfer or other disposition of Registrable
Securities in violation of the terms of the Purchase Agreement or the Indenture. If any transferee
of any Holder shall acquire Registrable Securities in any manner, whether by operation of law or
otherwise, such Registrable Securities shall be held subject to all the terms of this Agreement,
and by taking and holding such Registrable Securities such Person shall be conclusively deemed to
have agreed to be bound by and to perform all of the terms and provisions of this Agreement and
such Person shall be entitled to receive the benefits hereof. The Initial Purchasers (in their
capacity as Initial Purchasers) shall have no liability or obligation to the Company or the
Guarantors with respect to any failure by a Holder to comply with, or any breach by any Holder of,
any of the obligations of such Holder under this Agreement.

21

 

     (e) Third Party Beneficiaries. Each Holder shall be a third party beneficiary to the
agreements made hereunder between the Company and the Guarantors, on the one hand, and the Initial
Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the
extent it deems such enforcement necessary or advisable to protect its rights or the rights of
other Holders hereunder.

     (f) Counterparts. This Agreement may be executed in any number of counterparts and by the
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same agreement.

     (g) Headings. The headings in this Agreement are for convenience of reference only, are not a
part of this Agreement and shall not limit or otherwise affect the meaning hereof.

     (h) Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the State of New York.

     (j) Entire Agreement; Severability. This Agreement contains the entire
agreement between the parties relating to the subject matter hereof and supersedes all oral
statements and prior writings with respect thereto. If any term, provision, covenant or
restriction contained in this Agreement is held by a court of competent jurisdiction to be invalid,
void or unenforceable or against public policy, the remainder of the terms, provisions, covenants
and restrictions contained herein shall remain in full force and effect and shall in no way be
affected, impaired or invalidated. The Company, the Guarantors and the Initial Purchasers shall
endeavor in good faith negotiations to replace the invalid, void or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the invalid,
void or unenforceable provisions.

22

 

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

	 	 	 	 	 
	 	ENERGIZER HOLDINGS, INC.

 	 
	 	By:  	
 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 	EVEREADY BATTERY COMPANY, INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 	ENERGIZER BATTERY MANUFACTURING, INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 	ENERGIZER BATTERY, INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 	ENERGIZER INTERNATIONAL, INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[Signature page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	ENERGIZER PERSONAL CARE, LLC

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 	PLAYTEX PRODUCTS, LLC

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 	PLAYTEX MANUFACTURING, INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 	SCHICK MANUFACTURING, INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 	SUN PHARMACEUTICALS, LLC

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[Signature page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	TANNING RESEARCH LABORATORIES, LLC

 	 
	 	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[Signature page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	Confirmed and accepted as of the date first above written:

For themselves and on behalf of the several Initial Purchasers

GOLDMAN, SACHS & CO.

     as Initial Purchaser

 	 
	By  	 	 
	 	 	Goldman, Sachs & Co. 	 
	 
	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

     as Initial Purchaser 	 
	 
	 	 	 
	By  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 
	J. P. MORGAN SECURITIES LLC

     as Initial Purchaser

 	 
	By  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

[Signature page to Registration Rights Agreement]

 

 

Annex A

Counterpart to Registration Rights Agreement

     The undersigned hereby absolutely, unconditionally and irrevocably agrees as a Guarantor (as
defined in the Registration Rights Agreement, dated as of May [ ], 2011 by and among the Company,
a Missouri corporation, the guarantors party thereto and Goldman, Sachs & Co., Merrill, Lynch,
Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC on behalf of themselves and the
other Initial Purchasers) to be bound by the terms and provisions of such Registration Rights
Agreement.

     IN WITNESS WHEREOF, the undersigned has executed this counterpart as of ________.

	 	 	 	 	 
	 	[NAME]

 	 
	 	By:  	 	 
	 	 	NAME: 	 
	 	 	Title:Exhibit 4.1

Exhibit 4.1

FIRST AMENDMENT TO

ENDURANCE SPECIALTY HOLDINGS LTD.

EMPLOYEE SHARE PURCHASE PLAN

WHEREAS, Endurance Specialty Holdings Ltd. (the “Company”) desires to amend its Employee Share
Purchase Plan (as in effect, the “Plan”) to increase the number of the Company’s ordinary shares,
par value $1.00 per share (“Ordinary Shares”), reserved for sale under the Plan from 200,000
Ordinary Shares to 400,000 Ordinary Shares (the “Plan Amendment”); and

WHEREAS, on February 23, 2011, subject to shareholder approval, the Board of Directors of the
Company approved the Plan Amendment.

NOW THEREFORE, the Plan is hereby amended as follows:

	1.	 	Section 3(b) of the Plan is hereby amended by deleting it in its entirety and substituting
the following in lieu thereof:

“a. Subject to adjustment as provided in Section 17 hereof, the maximum number of Shares
which shall be reserved for sale under the Plan shall be 400,000. Such Shares shall be
authorized and unissued Shares. If the total number of Shares which would otherwise be
purchased pursuant to options granted hereunder on an Exercise Date exceeds the number of
Shares then available under the Plan (after deduction of all Shares for which options have
been exercised or are then outstanding) or there is insufficient unissued share capital of
the Company, the Committee shall make a pro rata allocation of the Shares remaining
available for option grant in as uniform a manner as shall be practicable and as it shall
determine to be equitable and in compliance with the provisions of Section 423 of the Code.
In such event, the Committee shall give written notice to each Participant of such
reduction of the number of option Shares affected thereby and shall similarly reduce the
rate of payroll deductions, if necessary.”

	2.	 	The Plan Amendment shall be effective upon approval of the shareholders of the Company at the
2011 Annual General Meeting on May 11, 2011. If the Plan Amendment is not so approved at such
meeting, then the Plan Amendment shall be void ab initio.

	3.	 	Except herein above provided, the Plan is hereby ratified, confirmed and approved in all
respects.

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