Document:

exv4w2

Exhibit 4.2

Execution Version

      

ENERGIZER HOLDINGS, INC.,

THE GUARANTORS PARTY HERETO

AND

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

AS TRUSTEE

FIRST SUPPLEMENTAL INDENTURE

DATED AS OF

MAY 19, 2011

$600,000,000

4.700% SENIOR NOTES DUE 2021

      

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE 1

	SCOPE OF SUPPLEMENTAL INDENTURE; GENERAL

	 
	 	 	 	 
	Section 1.01. Scope of Supplemental Indenture; General
	 	 	2	 
	 
	 	 	 	 
	ARTICLE 2

	CERTAIN DEFINITIONS

	 
	 	 	 	 
	Section 2.01. Certain Definitions Applicable to the Notes
	 	 	3	 
	 
	 	 	 	 
	ARTICLE 3

	COVENANTS

	 
	 	 	 	 
	Section 3.01. Offer to Redeem upon Change of Control Triggering Event
	 	 	9	 
	Section 3.02. Limitations on Liens
	 	 	9	 
	Section 3.03. Limitations on Sale and Lease-Back Transactions
	 	 	12	 
	Section 3.04. Reports by Company
	 	 	13	 
	 
	 	 	 	 
	ARTICLE 4

	REMEDIES

	 
	 	 	 	 
	Section 4.01. Events of Default
	 	 	13	 
	 
	 	 	 	 
	ARTICLE 5

	GUARANTEES

	 
	 	 	 	 
	Section 5.01. Unconditional Guarantees
	 	 	13	 
	 
	 	 	 	 
	ARTICLE 6

	THE NOTES

	 
	 	 	 	 
	Section 6.01. Form of the Notes
	 	 	13	 
	Section 6.02. Depository
	 	 	14	 
	 
	 	 	 	 
	ARTICLE 7

	REDEMPTION

	 
	 	 	 	 
	Section 7.01. Optional Redemption
	 	 	14	 
	Section 7.02. Applicability of Sections of the Base Indenture
	 	 	14	 

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	 	 	Page
	ARTICLE 8

	DEFEASANCE

	 
	 	 	 	 
	Section 8.01. Defeasance
	 	 	15	 
	 
	 	 	 	 
	ARTICLE 9

	MISCELLANEOUS

	 
	 	 	 	 
	Section 9.01. GOVERNING LAW
	 	 	15	 
	Section 9.02 Recitals
	 	 	15	 
	 
	 	 	 	 
	SCHEDULE:
	 	 	 	 
	1. Guarantors
	 	 	 	 
	 
	 	 	 	 
	EXHIBIT:
	 	 	 	 
	A. Form of Note
	 	 	 	 

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     FIRST SUPPLEMENTAL INDENTURE dated as of May 19, 2011 (“First Supplemental Indenture”) to the
Indenture dated as of May 19, 2011 (the “Base Indenture” and as supplemented by this First
Supplemental Indenture and as supplemented from time to time, the “Indenture”), is by and among
ENERGIZER HOLDINGS, INC., a Missouri corporation (the “Company”), each of the Guarantors a party
hereto (the “Guarantors”) and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking
corporation, as trustee (as defined in the Indenture, the “Trustee”).

     Each party agrees as follows for the benefit of the other parties and for the equal and
ratable benefit of the Holders of Notes (as defined herein):

     WHEREAS, the Company, the Guarantors and the Trustee have duly authorized the execution and
delivery of the Base Indenture to provide for the issuance from time to time of the Company’s
debentures, notes, bonds or other evidences of indebtedness (as defined in the Indenture, the “Debt
Securities”), to be issued in one or more series, as in the Indenture provided;

     WHEREAS, the Company and the Guarantors desire and have requested the Trustee to join them in
the execution and delivery of this First Supplemental Indenture in order to establish and provide
for the issuance by the Company of a series of Debt Securities designated as its 4.700% Senior
Notes due 2021 (the “Notes”), guaranteed by the Guarantors (as defined herein), on the terms set
forth herein;

     WHEREAS, the Company now wishes to issue Notes in an initial aggregate principal amount of
$600,000,000;

     WHEREAS, Section 11.1 of the Base Indenture provides that a supplemental indenture may be
entered into without the consent of the Holders of any Debt Securities by the Company, the
Guarantors and the Trustee for such purpose, among other things, establishing the form or terms of
Debt Securities or Guarantees, if any, of any series as permitted by Sections 2.1 and 3.1 of the
Base Indenture;

     WHEREAS, the conditions set forth in the Indenture for the execution and delivery of this
First Supplemental Indenture have been complied with; and

     WHEREAS, all things necessary to make this First Supplemental Indenture a valid agreement of
the Company, the Guarantors and the Trustee, in accordance with its terms, and a legal, valid and
binding amendment of, and supplement to, the Base Indenture have been done;

     NOW, THEREFORE:

     In consideration of the premises and the purchase and acceptance of the Notes by the Holders
thereof, the Company and the Guarantors mutually covenant and agree with the Trustee, for the equal
and ratable benefit of the Holders of the Notes, that the Base Indenture is supplemented and
amended, to the extent expressed herein, as follows:

[Signature page to the First Supplemental Indenture]

 

 

ARTICLE 1

SCOPE OF SUPPLEMENTAL INDENTURE; GENERAL

     Section 1.01. Scope of Supplemental Indenture; General. (a) This First Supplemental
Indenture supplements, and to the extent inconsistent therewith, replaces the provisions of the
Base Indenture, to which provisions reference is hereby made.

     Pursuant to this First Supplemental Indenture, there is hereby created and designated a series
of Debt Securities under the Indenture entitled “4.700% Senior Notes due 2021.” The Notes shall be
in the form of Exhibit A hereto, the terms of which are incorporated herein by reference. The
Notes shall be guaranteed by the Guarantors as provided in such form and the Indenture.

     (b) The information applicable to the Notes required pursuant to Section 3.1 of the
Indenture is as follows:

          (1) the title of the Notes is “4.700% Senior Notes due 2021”;

          (2) the initial aggregate principal amount of the Notes is $600,000,000, which may be
increased in the future as set out below;

          (3) the Notes will be issued to the Initial Purchasers at a price of 99.342% of the
principal amount, resulting in total net proceeds to the Company of $596,052,000; the offering
price will be 99.992% of the principal amount; and 100% of the principal amount will be payable
upon declaration of acceleration or maturity;

          (4) the Initial Notes will be issued on the date hereof and Additional Notes may be
issued in the future, subject to the conditions set forth in the Indenture and the form of Note,
and principal will be payable as set forth in the form of Note;

          (5) the rate of interest and interest payment and record dates are as set forth in the
form of Note;

          (6) not applicable;

          (7) the Notes will be subject to mandatory offer to repurchase as set forth in Article 3
below;

          (8) the Notes will be subject to optional redemption as set forth in Article 7 below;

          (9) the Notes will be issuable in a minimum denomination of $2,000 and integral
multiples of $1,000 in excess thereof;

          (10) not applicable;

          (11) the provisions set forth in the Indenture relating to defeasance and discharge will
be applicable;

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          (12) not applicable;

          (13) not applicable;

          (14) not applicable;

          (15) not applicable;

          (16) as set forth elsewhere herein;

          (17) the Notes shall be issuable as Global Securities, The Depositary Trust Company shall
be the Depositary and the provisions of Section 3.4(b) of the Indenture shall apply to the Notes;

          (18) not applicable;

          (19) as set forth elsewhere herein;

          (20) not applicable;

          (21) not applicable;

          (22) each of the Guarantors (as defined herein) will initially guarantee the Notes;

          (23) not applicable;

          (24) the terms of Article XVIII of the Indenture will apply to the Notes;

          (25) not applicable;

          (26) not applicable; and

          (27) as set forth elsewhere herein.

ARTICLE 2

CERTAIN DEFINITIONS

     Section 2.01. Certain Definitions Applicable to the Notes. For all purposes of this First
Supplemental Indenture and the Notes, Section 1.1 of the Base Indenture is hereby amended by adding
the following definitions in their proper alphabetical order which, in the event of a conflict with
the definition of terms in the Indenture, shall govern. Capitalized terms used but not defined
herein have the meanings ascribed to such terms in the Base Indenture.

     “Notes” shall have the meaning ascribed to it in the preamble of the First Supplemental
Indenture.

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     “Attributable Debt” means the present value (discounted at the weighted average interest rate
borne by the Notes outstanding at the time of such Sale and Leaseback Transaction compounded
semi-annually) of the obligation of a lessee for net rental payments during the remaining term of
any lease (including any period for which such lease has been extended).

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

     (a) the direct or indirect sale, lease, transfer, conveyance or other disposition (other
than by way of merger or consolidation), in one transaction or a series of related transactions, of
all or substantially all of the assets of the Company and the Company’s Subsidiaries taken as a
whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than to
the Company or one of the Company’s Subsidiaries;

     (b) the consummation of any transaction (including without limitation, any merger or
consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3)
of the Exchange Act) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the
Exchange Act), directly or indirectly, of more than 50% of the Company’s outstanding Voting Stock,
measured by voting power rather than number of shares;

     (c) the Company consolidates with, or merges with or into, any Person, or any Person
consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction
in which any of the outstanding Voting Stock of the Company or such other Person is converted into
or exchanged for cash, securities or other property, other than any such transaction where the
shares of the Voting Stock of the Company outstanding immediately prior to such transaction
constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving
Person immediately after giving effect to such transaction;

     (d) the first day on which the majority of the members of the Board of Directors cease
to be Continuing Directors; or

     (e) the adoption by shareholders of a plan relating to the liquidation or dissolution of
the Company.

     Notwithstanding the foregoing, a transaction will not be deemed to involve a Change of Control
under clause (b) above if (i) the Company becomes a direct or indirect wholly-owned Subsidiary of a
holding company and (ii) (a) the direct or indirect Holders of the Voting Stock of such holding
company immediately following that transaction are substantially the same as the Holders of the
Company’s Voting Stock immediately prior to that transaction or (b) immediately following that
transaction no Person (other than a holding company satisfying the requirements of this sentence)
is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such
holding company.

     “Change of Control Triggering Event” means the Notes cease to be rated Investment Grade by at
least two of the three Rating Agencies, on any date during the period (the “Trigger Period”)
commencing 60 days prior to the first public

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announcement by the Company of any Change of Control (or pending Change of Control) and ending
60 days following consummation of such Change of Control (which Trigger Period will be extended
following consummation of a Change of Control for so long as any of the Rating Agencies has
publicly announced that it is considering a possible ratings change). Unless at least two of the
three Rating Agencies are providing a rating for the Notes at the commencement of any Trigger
Period, the Notes will be deemed to have ceased to be rated Investment Grade by at least two of the
three Rating Agencies during that Trigger Period. Notwithstanding the foregoing, no Change of
Control Triggering Event will be deemed to have occurred in connection with any particular Change
of Control unless and until such Change of Control has actually been consummated.

     “Commodity Agreement” means any forward contract, commodity swap, commodity option or other
financial agreement or arrangement relating to, or the value of which is dependent upon,
fluctuations in commodity prices.

     “Comparable Treasury Issue” means the United States Treasury security selected by the
Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining
Life”) of the Notes to be redeemed that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of
comparable maturity to the remaining term of the Notes.

     “Comparable Treasury Price” means, with respect to any Redemption Date, (i) the average of the
Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and
lowest such Reference Treasury Dealer Quotations, or (ii) if the Independent Investment Banker
obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such
quotations, or (iii) if only one Reference Treasury Dealer Quotation is received, such quotation.

     “Consolidated Net Tangible Assets” means total assets of the Company and the Restricted
Subsidiaries (including, without limitation, any net investments in Subsidiaries that are not
Restricted Subsidiaries) after deducting therefrom (a) all current liabilities (except for
indebtedness payable by its terms more than one year from the date of incurrence thereof or
renewable or extendible at the option of the obligor for a period ending more than one year after
such date of incurrence) and (b) all goodwill, trade names, trademarks, franchises, patents,
unamortized debt discount and expense, organization and developmental expenses and other like
segregated intangibles, all as computed by the Company and the Restricted Subsidiaries as of the
end of the fiscal year preceding the date of determination in accordance with GAAP; provided, that
any items constituting deferred income taxes, deferred investment tax credit or other similar items
shall not be taken into account as a liability or as a deduction from or adjustment to total
assets.

     “Consolidated Total Assets” means, as of any date, the assets and properties of the Company
and its Subsidiaries as of such date determined on a consolidated basis in accordance with GAAP,
less any amount of assets reflected therein to the extent that they have been sold or pledged
pursuant to an asset securitization transaction.

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     “Continuing Director” means, as of any date of determination, any member of the Board of
Directors who:

     (1) was a member of the Board of Directors on the date of the Indenture; or

     (2) was nominated for election, elected or appointed to such Board of Directors
with the approval of a majority of the Continuing Directors who were members of such Board
of Directors at the time of such nomination, election or appointment (or such lesser number
comprising a majority of a nominating committee if authority for such nomination, election
or appointment has been delegated to a nominating committee whose authority and composition
have been approved by at least a majority of the directors who were Continuing Directors at
the time such committee was formed).

Without limiting the generality of the foregoing, “Continuing Director” shall include one or more
directors or nominees who are part of a dissident slate of directors in connection with a proxy
contest, which director or nominee is approved by the Company’s Board of Directors as a Continuing
Director for the purposes hereof or otherwise, even if such Board of Directors does not approve or
opposed or opposes the directors for purposes of such proxy contest. As a result, Holders would not
be entitled to require the Company to purchase the Notes under such circumstances.

     “Currency Agreement” means any foreign exchange contract, currency swap agreement or other
similar agreement with respect to currency values.

     “DTC” has the meaning ascribed to such term in Section 6.02 of the First Supplemental
Indenture.

     “Event of Default” means any event specified as such in Section 5.1 of the Indenture or
Section 4.01 of the First Supplemental Indenture.

     “Exchange Act” means the Securities Exchange Act of 1934, as amended.

     “First Supplemental Indenture” means the First Supplemental Indenture, dated as of May 19,
2011, among the Company, the Guarantors and the Trustee, pursuant to which the Company’s 4.700%
Notes due 2021 have been issued.

     “Fitch” means Fitch Inc., a Subsidiary of Fimalac, S.A., and its successors.

     “Global Note” has the meaning ascribed to such term in Section 6.01 of the First Supplemental
Indenture.

     “Global Note Holder” has the meaning ascribed to such term in Section 6.02 of the First
Supplemental Indenture.

     “Hedging Obligations” of any Person means the obligations of such Person pursuant to any
Interest Rate Agreement, Currency Agreement, Commodity Agreement

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or derivative contract entered into to hedge interest rate risk, currency exchange risk, or
commodity price risk.

     “Independent Investment Banker” means an independent investment banking institution of
national standing appointed by the Company, which may be one of the Reference Treasury Dealers.

     “Interest Rate Agreement” means any interest rate swap agreement, interest rate cap agreement
or other financial agreement or arrangement with respect to exposure to interest rates.

     “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any
successor rating category of Moody’s); a rating of BBB- or better by S&P (or its equivalent under
any successor rating category of S&P); and a rating of BBB- or better by Fitch (or its equivalent
under any successor rating category of Fitch) and the equivalent investment grade rating by any
replacement Rating Agency or Rating Agencies selected by the Company under the circumstances
permitting the Company to select a replacement Rating Agency and in the manner for selecting a
replacement Rating Agency, in each case as set forth in the definition of “Rating Agency”.

     “Issue Date” means May 19, 2011.

     “Lien” or “Liens” means any mortgage, pledge, lien, security interest or other encumbrances
upon any Principal Property or any shares of stock or on indebtedness for borrowed money of any
Restricted Subsidiary (whether such Principal Property, shares of stock or indebtedness for
borrowed money are now owned or hereafter acquired).

     “Moody’s” means Moody’s Investors Service, Inc., and its successors.

     “Principal Property” means each plant, facility or office of the Company or any Restricted
Subsidiary of the Company located within the United States (other than its territories and
possessions except in the case of the District of Columbia and Puerto Rico), except any such plant,
facility or office which either (i) has a gross book value of less than 2% of Consolidated Net
Tangible Assets or (ii) in the good faith opinion of the Board of Directors, is not of material
importance to the total business conducted by the Company and the Restricted Subsidiaries.

     “Rating Agency” means each of Fitch, Moody’s and S&P; provided, that if any of Fitch, Moody’s
or S&P ceases to provide rating services to issuers or investors, the Company may appoint another
“nationally recognized statistical rating organization” within the meaning of Rule
15c3-1(c)(2)(vi)(F) under the Exchange Act, or any successor provision thereof, as a replacement
for such Rating Agency; provided that the Company shall give notice of such appointment to the
Trustee.

     “Reference Treasury Dealer” means any primary U.S. government securities dealers in New York
City (a “Primary Treasury Dealer”) that the Company selects, which are Goldman, Sachs & Co.,
Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, and any other
Primary Treasury Dealers selected by the

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Company; provided, however, that if any of the foregoing shall cease to be a primary U.S.
Government securities dealer in the United States, the Company will substitute therefor another
Primary Treasury Dealer.

     “Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer
and any Redemption Date, the average, as determined by the Independent Investment Banker, of the
bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of
its principal amount) quoted in writing to the Independent Investment Banker by such Reference
Treasury Dealer at 5:00 p.m. (New York City time) on the third business day preceding such
Redemption Date.

     “Restricted Subsidiary” means (a) a Subsidiary of the Company (i) substantially all the
property of which is located, or substantially all the business of which is carried on, within the
United States, the District of Columbia, or Puerto Rico and (ii) which owns or is a lessee of a
Principal Property.

     “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc.,
and its successors.

     “Significant Subsidiary” means, as of the date of determination, any Guarantor, the assets or
revenues of which account for (i) more than 15% of the Consolidated Total Assets of the Company and
its Subsidiaries at the end of the most recently ended fiscal period or (ii) more than 15% of the
consolidated revenues of the Company and its Subsidiaries for the most recently completed four
fiscal quarters.

     “Treasury Rate” means, with respect to any Redemption Date, (1) the yield, under the heading
which represents the average for the immediately preceding week, appearing in the most recently
published statistical release designated “H.15(519)” or any successor publication which is
published weekly by the Board of Governors of the Federal Reserve System and which establishes
yields on actively traded United States Treasury securities adjusted to constant maturity under the
caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury
Issue (provided that if no maturity is within three months before or after the Remaining Life,
yields for the two published maturities most closely corresponding to the Comparable Treasury Issue
shall be determined and the Treasury Rate shall be interpolated or extrapolated from such yields on
a straight line basis, rounding to the nearest month), or (2) if such release (or any successor
release) is not published during the week preceding the calculation date or does not contain such
yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable
Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption
Date. The Treasury Rate shall be calculated on the third business day preceding the Redemption
Date.

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

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ARTICLE 3

COVENANTS

     The following covenants shall apply in addition to the covenants set forth in the Indenture:

     Section 3.01. Offer to Redeem upon Change of Control Triggering Event.

     (a) Upon the occurrence of a Change of Control Triggering Event, unless the Company has
exercised its right to redeem the Notes pursuant to Section 7.01, each Holder of the Notes shall
have the right to require the Company to purchase all or a portion of such Holder’s Notes pursuant
to the offer described in this Section 3.01 (the “Change of Control Offer”), at a purchase price
equal to 101% of the principal amount thereof plus accrued and unpaid interest up to, but not
including, the date of purchase, subject to the rights of Holders of the Notes on the relevant
record date to receive interest due on the relevant Interest Payment Date.

     (b) Unless the Company has exercised its right to redeem the Notes, within 30 days
following the date upon which the Change of Control Triggering Event occurred, or at the Company’s
option, prior to any Change of Control but after the public announcement of the pending Change of
Control, the Company shall be required to send, by first class mail, a notice to each Holder of
Notes, with a copy to the Trustee, which notice shall govern the terms of the Change of Control
Offer. Such notice shall state, among other things, the purchase date, which must be no earlier
than 30 days nor later than 60 days from the date such notice is mailed, other than as may be
required by law (the “Change of Control Payment Date”). The notice, if mailed prior to the date of
consummation of the Change of Control, shall state that the Change of Control Offer is conditioned
on the Change of Control being consummated on or prior to the Change of Control Payment Date.
Holders of the Notes electing to have Notes purchased pursuant to a Change of Control Offer shall
be required to surrender their Notes, with the form entitled “Option of Holder to Elect Purchase”
on the reverse of the Note completed, to the Paying Agent at the address specified in the notice,
or transfer their Notes to the Paying Agent by book-entry transfer pursuant to the applicable
procedures of the Paying Agent, prior to the close of business on the third business day prior to
the Change of Control Payment Date.

     (c) The Company will not be required to make a Change of Control Offer if a third party
makes such an offer in the manner, at the times and otherwise in compliance with the requirements
for such an offer made by the Company and such third party purchases all Notes properly tendered
and not withdrawn under its offer.

     Section 3.02. Limitations on Liens.

     (a) The Company agrees that it will not, nor will it permit any Restricted Subsidiary
to, create, incur, issue, assume or guarantee any Secured Debt upon any Principal Property or any
shares of stock or indebtedness for borrowed money of any Restricted Subsidiary, whether owned at
the date hereof or hereafter acquired, without in

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any such case effectively providing, concurrently with the creation, incurrence, issuance,
assumption or guarantee of any such Secured Debt, that the Notes (together with, if the Company
shall so determine, any other indebtedness of or guaranteed by the Company or such Restricted
Subsidiary ranking equally with the Notes and then existing or thereafter created) shall be secured
equally and ratably with or, at the Company’s option, prior to such Secured Debt so long as such
Secured Debt shall be secured. The term “Secured Debt” means any indebtedness for money borrowed
secured by a Lien. The foregoing restrictions shall not apply to, and there shall be excluded from
Secured Debt in any computation under such restriction, Secured Debt secured by:

          (1) Liens on any property, shares of stock or indebtedness for borrowed money of any entity
existing at the time such entity becomes a Restricted Subsidiary;

          (2) Liens on property or shares of stock existing at the time of the acquisition of such
property or stock by the Company or a Restricted Subsidiary, or existing as of the original date
hereof;

          (3) Liens to secure the payment of all or any part of the price of acquisition, construction
or improvement of such property or stock by the Company or a Restricted Subsidiary, or to secure
any Secured Debt incurred by the Company or a Restricted Subsidiary, prior to, at the time of, or
within 180 days after, the later of the acquisition or completion of construction (including any
improvements on an existing property), which Secured Debt is incurred for the purpose of financing
all or any part of the purchase price thereof or construction of improvements thereon; provided,
however, that, in the case of any such acquisition, construction or improvement, the Lien shall not
apply to any property theretofore owned by the Company or a Restricted Subsidiary, other than, in
the case of any such construction or improvement, any theretofore substantially unimproved real
property on which the property or improvement so constructed is located;

          (4) Liens securing Secured Debt of a Restricted Subsidiary owing to the Company or to another
Restricted Subsidiary;

          (5) Liens on property of an entity existing at the time such entity is merged into or
consolidated with the Company or a Restricted Subsidiary or at the time of a sale, lease or other
disposition of the properties of an entity as an entirety or substantially as an entirety to the
Company or a Restricted Subsidiary;

          (6) Liens on the Company’s or Restricted Subsidiary’s property in favor of the United States
or any state thereof, or any department, agency or instrumentality or political subdivision of the
United States or any state thereof, or in favor of any other country or any political subdivision
thereof, or any department, agency or instrumentality of such country or political subdivision, to
secure partial progress, advance or other payments pursuant to any contract or statute or to secure
any indebtedness incurred for the purpose of financing all or any part of the purchase price or the
cost of construction of the property subject to such Liens;

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          (7) Liens incurred or assumed in connection with the issuance of revenue bonds the interest on
which is exempt from federal taxation pursuant to Section 103 of the Internal Revenue Code;

          (8) Liens to secure Hedging Obligations entered into in the ordinary course of business to
purchase any raw material or other commodity or to hedge risks or reduce costs with respect to the
Company’s, or any Restricted Subsidiary’s, interest rate, currency or commodity exposure, and not
for speculative purposes;

          (9) Liens on accounts receivables and related contract rights of the Company or any Restricted
Subsidiary under financing transactions pursuant to which the Company or any Restricted Subsidiary
sells or transfers to special purpose vehicles accounts receivables and related contract rights for
further sale or transfer to other purchasers of or investors in such assets;

          (10) Any extension, renewal or replacement (or successive extensions, renewals or
replacements) in whole or in part of any Lien referred to in clauses (1) through (9) above;
provided, however, that the principal amount of Secured Debt so secured shall not exceed the
principal amount of Secured Debt so secured at the time of such extension, renewal or replacement
(except any amounts committed at the date of the indenture), and that such extension, renewal or
replacement shall be limited to all or a part of the property which secured the Lien so extended,
renewed or replaced (plus improvements and construction on such property).

     Notwithstanding the foregoing provisions of this Section 3.02, the Company and any one or more
Restricted Subsidiaries may, without securing the Notes, create, incur, issue, assume or guarantee
Secured Debt secured by a Lien which would otherwise be subject to the foregoing restrictions in an
aggregate amount which, together with all other Secured Debt of the Company and its Restricted
Subsidiaries which (if originally created, incurred, issued, assumed or guaranteed at such time)
would otherwise be subject to the foregoing restrictions (not including Secured Debt permitted to
be secured under clauses (1) through (10) above), does not at the time exceed 15% of Consolidated
Net Tangible Assets of the Company as shown on the financial statements of the Company as of the
end of the fiscal year preceding the date of determination.

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     Section 3.03. Limitations on Sale and Lease-Back Transactions.

     (a) The Company shall not, nor shall it permit any Restricted Subsidiary to, enter into
any arrangement with any Person providing for the leasing by the Company or any Restricted
Subsidiary of any Principal Property, whether such Principal Property is now owned or hereafter
acquired (except for temporary leases for a term, including renewals at the option of the lessee,
of not more than three years and except for leases between the Company and a Restricted Subsidiary
or between Restricted Subsidiaries), which Principal Property has been or is to be sold or
transferred by the Company or such Restricted Subsidiary to such Person (herein referred to as a
“Sale and Leaseback Transaction”) with the intention of taking back a lease of such property,
unless

     (i) the Company or such Restricted Subsidiary would be entitled, pursuant to the
provisions of Section 3.02, to create, incur, issue, assume or guarantee indebtedness
secured by a Lien upon such Principal Property at least equal in amount to the Attributable
Debt in respect of such arrangement without equally and ratably securing the Notes,
provided, however, that from and after the date on which such arrangement becomes effective
the Attributable Debt in respect of such arrangement shall be deemed for all purposes to be
Secured Debt subject to the provisions of Section 3.02;

     (ii) Since the date hereof and within a period of twelve months before and twelve
months after the consummation of the Sale and Leaseback Transaction, the Company or any
Restricted Subsidiaries, as the case may be, has expended or will expend for the Principal
Property an amount equal to: (i) the net proceeds of the Sale and Leaseback Transaction and
the Company elects to designate such amount as a credit against such Sale and Leaseback
Transaction; or (ii) a part of the net proceeds of the Sale and Leaseback Transaction and
the Company elects to designate such amount as a credit against such Sale and Leaseback
Transaction and applies an amount equal to the remainder of the net proceeds as described
below; or

     (iii) such Sale and Leaseback Transaction does not come within the exceptions
provided in Section 3.03(a)(i) and the Company does not make the election permitted by
Section 3.03(a)(ii) or makes such election only as to a part of such net proceeds, in
either of which events the Company shall apply an amount in cash equal to the Attributable
Debt in respect of such arrangement (less any amount elected under clause Section
3.03(a)(ii) above) to the retirement, within 180 days of the effective date of any such
arrangement, of indebtedness for borrowed money of the Company or any Restricted Subsidiary
(other than indebtedness of the Company, or indebtedness of a Guarantor, for borrowed money
which is subordinated to the Notes or the Guarantees) which by its terms matures at or is
extendible or renewable at the sole option of the obligor without requiring the consent of
the obligees to a date more than twelve months after the date of the creation of such
indebtedness for borrowed money (it being understood that such retirement may be made by
prepayment of such indebtedness for borrowed money, if permitted by the terms thereof, as
well as by

12

 

payment at maturity, and that at our option and pursuant to the terms of the
indenture, such indebtedness may include the Notes).

     Section 3.04. Reports by Company. The Company or the Guarantors will file with the Trustee
(unless such reports have been filed on EDGAR), within 30 days after the Company or the Guarantors
has filed the same with the Commission, copies of the annual and quarterly reports and of the
information, documents and other reports (or copies of such portions of any of the foregoing as the
Commission may from time to time by rules and regulations prescribe) which the Company or the
Guarantors may be required to file with the Commission pursuant to Section 13 or Section 15(d) of
the Securities Exchange Act of 1934, as amended; provided, however, that the Company or the
Guarantors shall not be required to deliver to the Trustee any materials for which the Company or
the Guarantors has sought and obtained confidential treatment from the Commission.

ARTICLE 4

REMEDIES

     Section 4.01. Events of Default. In addition to the events set forth in Section 5.1 of the
Base Indenture, clauses (5) and (6) of such section 5.1 shall also apply to any such events with
respect to any Significant Subsidiary that is a Guarantor. In addition to the events set forth in
Section 5.1 of the Base Indenture, clause (7) of such section 5.1 shall only apply to any Guarantor
that is a Significant Subsidiary and the word “material” shall be deleted.

ARTICLE 5

GUARANTEES

     Section 5.01. Unconditional Guarantees. (a) All of the Company’s existing and future
Subsidiaries that are guarantors of the Company’s credit agreements or other indebtedness for
borrowed money will be required to unconditionally guarantee all obligations in respect of the
Notes for so long as they remain guarantors under such other indebtedness.

     (b) Each of the Guarantors required to guarantee all obligations in respect of the Notes
will execute a Guarantee in the form of Exhibit A to the Indenture to evidence such Guarantee in
accordance with the provisions of Article XVII of the Base Indenture.

ARTICLE 6

THE NOTES

     Section 6.01. Form of the Notes. The Notes will be issued as Global Securities in the form
of Exhibit A hereto and shall be issued in the form of Global Securities.

13

 

     Section 6.02. Depository. The Depository for the Global Note will initially be The
Depository Trust Company (“DTC”) and the Global Note will be deposited with, or on behalf of, the
Trustee as custodian for DTC and registered in the name of DTC or a nominee of DTC (such nominee
being referred to herein as the “Global Note Holder”).

     Section 6.03. Global Notes Representing Debt Securities. If an Event of Default with
respect to the Notes shall have occurred and be continuing, and the Depositary so requests, the
Company will promptly execute, and the Trustee, upon receipt of a Company Order for the
authentication and delivery of definitive Notes, will authenticate and deliver, Notes in definitive
form and in an aggregate principal amount equal to the principal amount of the Global Note or
Global Notes representing the Notes in exchange for such Global Note or Global Notes.

ARTICLE 7

REDEMPTION

     Section 7.01. Optional Redemption. The Notes will be redeemable, at the option of the
Company, at any time in whole or from time to time in part. The Redemption Price for the Notes to
be redeemed on any Redemption Date shall be equal to the greater of the following amounts:

     (a) 100% of the principal amount of the Notes being redeemed on the Redemption Date; or

     (b) the sum, as determined by an Independent Investment Banker, of the present values of
the remaining scheduled payments of principal and interest on the Notes being redeemed on that
Redemption Date (not including any portion of any payments of interest accrued to the Redemption
Date) discounted to the Redemption Date on a semi-annual basis at the Treasury Rate, plus 25 basis
points;

     plus, in each case, accrued and unpaid interest on the Notes to, but excluding, the Redemption
Date. If money sufficient to pay the redemption price of all of the Notes (or portions thereof) to
be redeemed on the Redemption Date is deposited with the Trustee or Paying Agent on or before the
Redemption Date, then on and after such Redemption Date, interest will cease to accrue on such
Notes (or such portion thereof) called for redemption. Notwithstanding the foregoing, installments
of interest on the Notes that are due and payable on Interest Payment Dates falling on or prior to
a Redemption Date shall be payable on the Interest Payment Date to the registered Holders as of the
close of business on the relevant record date according to the Notes and the Indenture. The
Redemption Price will be calculated on the basis of a 360-day year consisting of twelve 30-day
months.

     Section 7.02. Applicability of Sections of the Base Indenture. The provisions of Article
XIII of the Base Indenture in respect of the Notes shall apply to any optional redemption of the
Notes except when such provisions conflict with the foregoing.

14

 

ARTICLE 8

DEFEASANCE

     Section 8.01. If the Company shall effect a defeasance of the Notes pursuant to Section 15.2
of the Indenture, the Company shall cease to under any obligation to comply with the covenants set
forth in Article 3 hereof.

ARTICLE 9

MISCELLANEOUS

     Section 9.01. GOVERNING LAW. THIS FIRST SUPPLEMENTAL INDENTURE AND THE NOTES WILL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT
GIVING EFFECT TO ITS PRINCIPLES OF CONFLICTS OF LAW.

     Section 9.02. Recitals. The recitals contained herein shall be taken as the statements of
the Company, and the Trustee assumes no responsibility for their correctness.

15

 

SIGNATURES

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

	 	 	 	 	 	 	 

	 	 	ENERGIZER HOLDINGS,
INC.

	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,	 	 
	 	 	as Trustee	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ M. Callahan
 

M. Callahan
	 	 
	 

	 	Title:
	 	Vice President	 	 

[Signature page to the First Supplemental Indenture]

 

 

	 	 	 	 	 	 	 

	 	 	“GUARANTORS”	 	 
	 
	 	 	 	 	 	 
	 	 	EVEREADY BATTERY
COMPANY, INC.

	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	ENERGIZER BATTERY MANUFACTURING, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	ENERGIZER BATTERY, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	ENERGIZER INTERNATIONAL, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	ENERGIZER PERSONAL CARE, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 

[Signature page to the First Supplemental Indenture]

 

	 	 	 	 	 	 	 

	 	 	PLAYTEX PRODUCTS, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	PLAYTEX MANUFACTURING, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	SCHICK MANUFACTURING, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	SUN PHARMACEUTICALS, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	TANNING RESEARCH LABORATORIES, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 

[Signature page to the First Supplemental Indenture]

 

SCHEDULE 1

Guarantors

Eveready Battery Company, Inc. — Delaware

Energizer Battery Manufacturing, Inc. — Delaware

Energizer Battery, Inc. — Delaware

Energizer International, Inc. — Delaware

Energizer Personal Care, LLC — Delaware

Playtex Products, LLC — Delaware

Playtex Manufacturing, Inc. — Delaware

Schick Manufacturing, Inc. — Delaware

Sun Pharmaceuticals, LLC — Delaware

Tanning Research Laboratories, LLC — Delaware

 

EXHIBIT A

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION
OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

THIS DEBT SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY
OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR
DEPOSITARY, UNLESS AND UNTIL THIS DEBT SECURITY IS EXCHANGED IN WHOLE OR IN PART FOR DEBT
SECURITIES IN DEFINITIVE FORM.

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY
INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED
OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT
FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF,
AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED
SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE
RESTRICTION TERMINATION DATE”) THAT IS THE LATER OF (1) ONE YEAR AFTER THE LAST ORIGINAL ISSUE DATE
HEREOF OR SUCH SHORTER PERIOD OF TIME UNDER WHICH RESALES ARE EXEMPT FROM REGISTRATION UNDER RULE
144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THEREUNDER, AND (2) SUCH LATER DATE, IF
ANY, AS MAY BE REQUIRED BY APPLICABLE LAW, ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY OF THE
COMPANY, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE
SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A
UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER”
AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE
ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE
IN RELIANCE ON RULE 144A, (D) IN AN OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR RULE 904 OF
REGULATION S UNDER THE SECURITIES ACT, OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S RIGHT
PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D) OR (E) TO REQUIRE THE DELIVERY OF
AN OPINION OF COUNSEL, CERTIFICATION OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS
LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION
DATE.

[TO BE INCLUDED ON OFFSHORE GLOBAL NOTES ONLY]

[THIS NOTE IS A TEMPORARY GLOBAL NOTE. PRIOR TO THE EXPIRATION OF THE RESTRICTED PERIOD APPLICABLE
HERETO, BENEFICIAL INTERESTS HEREIN MAY NOT BE HELD BY ANY PERSON OTHER THAN (1) A NON-U.S. PERSON
OR (2) A U.S. PERSON THAT PURCHASED SUCH INTEREST IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER
THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). BENEFICIAL INTERESTS HEREIN
ARE NOT EXCHANGEABLE FOR PHYSICAL NOTES OTHER THAN A PERMANENT GLOBAL NOTE IN ACCORDANCE WITH THE

A-1

 

TERMS OF THE INDENTURE. TERMS IN THIS LEGEND ARE USED AS USED IN REGULATION S UNDER THE SECURITIES
ACT.

NO BENEFICIAL OWNERS OF THIS TEMPORARY GLOBAL NOTE SHALL BE ENTITLED TO RECEIVE PAYMENT OF
PRINCIPAL OR INTEREST HEREON UNTIL SUCH BENEFICIAL INTEREST IS EXCHANGED OR TRANSFERRED FOR AN
INTEREST IN ANOTHER NOTE.]

CUSIP: ________ ___

Energizer Holdings, Inc.

4.700% Senior Note due 2021

			
	 	 	 
	No. [144A][S]-[__]
	 	$___,000,000

Energizer Holdings, Inc., a Missouri corporation (the “Company”, which term includes any successor
under the Indenture hereinafter referred to), for value received, promises to pay to CEDE & CO., or
its registered assigns, the principal sum of _____ HUNDRED MILLION DOLLARS ($___,000,000), or such
other amount as indicated on the Schedule of Exchange of Notes attached hereto, on May 19, 2021.

	 	 	 	 	 
	Interest Rate	 	Interest Payment Dates	 	Regular Record Dates
	4.700% per annum
	 	May 19 and November 19,

commencing November 19, 2011
	 	May 4 and November 4

Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below
unless otherwise indicated.

     1. Principal and Interest.

     The Company promises to pay the principal of this Note on May 19, 2021.

     The Company promises to pay interest on the principal amount of this Note on each interest
payment date at the rate of 4.700% per annum.

     Interest will be payable semiannually (to the holders of record of the Notes at the close of
business on the May 4 or November 4 immediately preceding the interest payment date) on each
interest payment date, commencing November 19, 2011.

     Interest on this Note will accrue from the most recent date to which interest has been paid on
this Note (or, if there is no existing default in the payment of interest and if this Note is
authenticated between a regular record date and the next interest payment date, from such interest
payment date) or, if no interest has been paid, from the Issue Date. Interest will be computed in
the basis of a 360-day year of twelve 30-day months.

     2. Indenture, Note Guaranty.

     This is one of the Notes issued as a series of Debt Securities under an Indenture dated as of
May 19, 2011 (as amended by the First Supplemental Indenture dated as of May 19, 2011 and as
further amended from time to time, the “Indenture”), between the Company and The Bank of New York
Mellon Trust Company, N.A., as Trustee. Capitalized terms used herein are used as defined in the
Indenture unless otherwise indicated. The terms of the Notes include those stated in the Indenture
and those made part of the Indenture by reference to the Trust Indenture Act.

A-2

 

The Notes are subject to all such terms, and Holders are referred to the Indenture and the
Trust Indenture Act for a statement of all such terms. To the extent permitted by applicable law,
in the event of any inconsistency between the terms of this Note and the terms of the Indenture,
the terms of the Indenture will control.

     The Notes are general unsecured obligations of the Company. The Indenture limits the original
aggregate principal amount of the Notes to $___,000,000, but Additional Notes may be issued
pursuant to the Indenture (provided that if such Additional Notes are not fungible with the
originally issued Notes for U.S. federal tax purposes, such Additional Notes will have a separate
CUSIP number), and the originally issued Notes and all such Additional Notes will vote together for
all purposes as a single class.

     3. Redemption and Repurchase; Discharge Prior to Redemption or Maturity.

     This Note is subject to optional redemption and may be the subject of a Change of Control
Offer, as further described in the Indenture. There is no sinking fund applicable to this Note.

     If the Company deposits with the Trustee money or U.S. Government Obligations sufficient to
pay the then outstanding principal of, premium, if any, and accrued interest on the Notes to
redemption or maturity, the Company may in certain circumstances be discharged from the Indenture
and the Notes or may be discharged from certain of its obligations under certain provisions of the
Indenture.

     4. Registered Form; Denominations; Transfer; Exchange.

     The Notes are in registered form without coupons in denominations of $2,000 principal amount
and any multiple of $1,000 in excess thereof. A Holder may register the transfer or exchange of
Notes in accordance with the Indenture. The Trustee may require a Holder to furnish appropriate
endorsements and transfer documents and to pay any taxes and fees required by law or permitted by
the Indenture. Pursuant to the Indenture, there are certain periods during which the Trustee will
not be required to issue, register the transfer of or exchange any Note or certain portions of a
Note.

     5. Defaults and Remedies.

     If an Event of Default, as defined in the Indenture, occurs and is continuing, the Trustee or
the Holders of at least 25% in principal amount of the Notes may declare all the Notes to be due
and payable. If a bankruptcy or insolvency default with respect to the Company or a Significant
Subsidiary that is a Guarantor occurs and is continuing, the Notes automatically become due and
payable. Holders may not enforce the Indenture or the Notes except as provided in the Indenture.
The Trustee may require indemnity reasonably satisfactory to it before it enforces the Indenture or
the Notes. Subject to certain limitations, Holders of a majority in principal amount of the Notes
then outstanding may direct the Trustee in its exercise of remedies.

     6. Amendment and Waiver.

     Subject to certain exceptions, the Indenture and the Notes may be amended, or default may be
waived, with the consent of the Holders of a majority in principal amount of the outstanding Notes.
Without notice to or the consent of any Holder, the Company and the Trustee may amend or
supplement the Indenture or the Notes.

A-3

 

     7. Authentication.

     This Note is not valid until the Trustee (or Authenticating Agent) signs the certificate of
authentication on the other side of this Note.

     8. Governing Law.

     This Note shall be governed by, and construed in accordance with, the laws of the State of New
York, without giving effect to its conflicts of laws principles.

     9. Abbreviations.

     Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM
(= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of
survivorship and not as tenants in common), CUST (= Custodian) and U/G/M/A/ (= Uniform Gifts to
Minors Act).

     The Company will furnish a copy of the Indenture to any Holder upon written request and
without charge.

     IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile by
one of its duly authorized officers.

	 	 	 	 	 	 	 	 	 	 	 

	TRUSTEE’S CERTIFICATE OF
AUTHENTICATION	 	 	 	ENERGIZER HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	This is one of the Debt Securities of
the series designated therein and
referred to in the within-mentioned
Indenture:	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

	 	 
	The Bank of New York Mellon Trust
Company, N.A., as Trustee	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 

Authorized Signatory
	 	 	 	 	 	 	 	 

Date: May __, 2011

A-4

 

Energizer Holdings, Inc.

4.700% Senior Note due 2021

[FORM OF TRANSFER NOTICE]

			
	FOR VALUE RECEIVED the undersigned registered holder hereby sell(s), assign(s) and transfer(s)
unto:	 	
 

	 

	 	 

	 	 

      

      

			
	(Insert Taxpayer Identification No.)	 	
 

      

(Please print or typewrite name and address including zip code of assignee)

			
	the within Note and all rights thereunder, hereby irrevocably constituting and appointing 	 	
 

	 

	 	 

	 	 

      

attorney to transfer said Note on the books of the Company with full power of substitution in the premises.

	 	 	 	 	 

	Date:                     

	 	Your Signature:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	   
	 	 	(Sign exactly as your name appears on the face of this Note)

			
	Signature Guarantee*:	 	
 

	 	 	 	 	 	 	 

	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 	To be executed by an executive officer	 	 

     In connection with any transfer of this Note occurring prior to the removal of the Restricted
Legend, the undersigned confirms that such transfer is made without utilizing any general
solicitation or general advertising and further as follows:

Check One

o (1) This Note is being transferred to a “qualified institutional buyer” in compliance with
Rule 144A under the Securities Act of 1933, as amended and certification in the form of Exhibit C
to the Indenture is being furnished herewith.

o (2) This Note is being transferred to a Non-U.S. Person in compliance with the exemption from
registration under the Securities Act of 1933, as amended, provided by Regulation S thereunder, and
certification in the form of Exhibit B to the Indenture is being furnished herewith.

or

o (3) This Note is being transferred other than in accordance with (1) or (2) above and
documents are being furnished which comply with the conditions of transfer set forth in this Note
and the Indenture.

     If none of the foregoing boxes is checked, the Trustee is not obligated to register this Note
in the name of any Person other than the Holder hereof unless and until the conditions to any such
transfer of registration set forth herein and in the Indenture have been satisfied.

	 	 	 	 	 	 	 	 	 	 	 

	Date:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Seller	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By
	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	NOTICE: The signature to this assignment must correspond with the
name as written upon the face of the within-mentioned instrument
in every particular, without alteration or any change whatsoever.	 	 

A-5

 

	 	 	 	 	 	 	 

	Signature Guarantee:*
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	 
 

	 	 
	 	 	To be executed by an executive officer	 	 

      

	*	 	Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements
of the Registrar, which requirements include membership or participation in the Securities
Transfer Association Medallion Program (“STAMP”) or such other “signature guarantee program”
as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in
accordance with the Securities Exchange Act of 1934, as amended.

      

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

The following exchanges of a part of this Global Security for Certificated Securities or a part of
another Global Security have been made

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Principal amount of	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	this Global Security	 	 	 	 
	 	 	Amount of decrease	 	 	Amount of increase	 	 	following such	 	 	Signature of	 
	 	 	in principal amount	 	 	in principal amount	 	 	decrease (or	 	 	authorized signatory of	 
	Date of Exchange	 	of this Global Security	 	 	of this Global Security	 	 	increase)	 	 	Trustee	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

A-6

 

OPTION OF HOLDER TO ELECT PURCHASE

     If you wish to have all of this Note purchased by the Company pursuant to Section 3.01 of the
First Supplemental Indenture, check the
box:
o

     If you wish to have a portion of this Note purchased by the Company pursuant to Section 3.01
of the First Supplemental Indenture, state the amount (in original principal amount) below:

          $____________________.

Date:____________

Your Signature:__________________________

(Sign exactly as your name appears on the other side of this Note)

Signature Guarantee:1_____________________________

 

			
	1	 	Signatures must be guaranteed by an “eligible
guarantor institution” meeting the requirements of the Trustee, which
requirements include membership or participation in the Securities Transfer
Association Medallion Program (“STAMP”) or such other “signature guarantee
program” as may be determined by the Trustee in addition to, or in substitution
for, STAMP, all in accordance with the Securities Exchange Act of 1934, as
amended.

A-7exv4w3

Exhibit 4.3

REGISTRATION RIGHTS AGREEMENT

     This
REGISTRATION RIGHTS AGREEMENT dated May 19, 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 16, 2011 (the “Purchase Agreement”), which provides for the sale by the Company to the
Initial Purchasers of $600,000,000 aggregate principal amount of the
Company’s 4.700% 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 19, 2011
among the Company, the Guarantors and the Trustee, as supplemented by a supplemental indenture
dated as of May 19, 2011, and as the same may be amended from time to time in accordance with the
terms thereof.

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     “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

6

 

	(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.

     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

7

 

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 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 19, 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

8

 

of the
325th day
after May 19, 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.

     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

9

 

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 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

10

 

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, 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

11

 

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 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

12

 

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 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

13

 

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 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

14

 

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 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

15

 

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 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.

16

 

     (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 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

17

 

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 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

18

 

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 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

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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 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

20

 

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.

     (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

21

 

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.

     (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:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	EVEREADY BATTERY COMPANY, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	ENERGIZER BATTERY MANUFACTURING, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	ENERGIZER BATTERY, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	ENERGIZER INTERNATIONAL, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Vice President	 	 

[Signature page to Registration Rights Agreement]

 

 

	 	 	 	 	 	 	 

	 	 	ENERGIZER PERSONAL CARE, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	PLAYTEX PRODUCTS, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	PLAYTEX MANUFACTURING, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	SCHICK MANUFACTURING, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	SUN PHARMACEUTICALS, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 

[Signature page to Registration Rights Agreement]

 

 

	 	 	 	 	 	 	 

	 	 	TANNING RESEARCH LABORATORIES, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Daniel J. Sescleifer
 

Daniel J. Sescleifer
	 	 
	 

	 	Title:
	 	Executive Vice President and

Chief Financial Officer	 	 

[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

	 	/s/ Goldman, Sachs & Co.
 

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

	 	as Initial Purchaser	 	 
	 
	 	 	 	 
	By

	 	/s/ Lisa Stein
 

Authorized Signatory
	 	 
	 
	 	 	 	 
	J. P. MORGAN SECURITIES LLC	 	 
	 

	 	as Initial Purchaser	 	 
	 
	 	 	 	 
	By

	 	/s/ Maria Sramek
 

Authorized Signatory
	 	 
	 

	 	Maria Sramek	 	 
	 

	 	Executive Director	 	 

[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 19, 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:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}]]