Document:

Exhibit 4.2

 

 

 

The Royal Bank of Scotland plc

 

as Issuer

 

The Royal Bank of Scotland Group plc

 

as Guarantor

 

Citibank, N.A.

 

as Securities Administrator

 

and

 

Wilmington Trust Company

 

as Trustee

 

 

Administration Agreement

 

 

Dated as of September 20, 2010

 

  

  

  

 

 

THIS ADMINISTRATION AGREEMENT, dated as of September 20, 2010 (this “Agreement”), is made by and among THE ROYAL BANK OF SCOTLAND PLC, a corporation incorporated in Scotland with registered number SC090312, as issuer (the “Company”), THE ROYAL BANK OF SCOTLAND GROUP PLC, a corporation incorporated in Scotland with registered number SC045551, as guarantor (the “Guarantor”), CITIBANK, N.A., a national banking association duly organized and existing under the laws of the United States, as Securities Administrator (in such capacity, the “Securities Administrator”), and WILMINGTON TRUST COMPANY, a Delaware banking corporation, as trustee (not in its individual capacity, the “Trustee”).

 

WHEREAS, the Company proposes to issue and sell from time to time its Senior Debt Securities (the “Securities”) pursuant to an Amended and Restated Indenture, dated as of August 13, 2010 (the “Senior Indenture”), among the Company, the Guarantor and The Bank of New York Mellon, acting through its London Branch (the “Original Trustee”), as supplemented from time to time;

 

WHEREAS, Sections 6.15 and 9.01(l) of the Senior Indenture permit the Company, the Guarantor and the Original Trustee to enter into a supplemental indenture for the purpose of appointing an alternate Trustee for a particular series of Securities, and that, upon acceptance of such appointment, such alternate Trustee shall be vested with all the rights, powers, trusts and duties of a Trustee under the Indenture;

 

WHEREAS, pursuant to the Second Supplemental Indenture, dated as of the date hereof, among the Company, the Guarantor, the Original Trustee, the Trustee and the Securities Administrator (the “Supplemental Indenture, ” and together with the Senior Indenture, the “Indenture”), the Company and the Guarantor have appointed the Trustee to act in that capacity with respect to any Securities of the Company that are designated as “Retail Corporate Notes” (the “Notes”) and issued from time to time and the Trustee has acknowledged and accepted such appointment, and agreed to act for all purposes as Trustee with respect to the Notes, according to the terms of the Indenture;

 

WHEREAS, pursuant to Section 6.14 of the Indenture, the Trustee may appoint an authenticating agent or agents (each, an “Authenticating Agent”) with respect to one or more series of Securities, which shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon original issue and upon exchange, registration of transfer or partial redemption thereof or in lieu of destroyed, lost or stolen Securities, and Securities so authenticated are entitled to the benefits of the Indenture and are valid and obligatory for all purposes as if authenticated by the Trustee;

 

WHEREAS, pursuant to Section 3.01(f) of the Indenture and the definition of “Paying Agent” in the Indenture, the Company may appoint one or more Persons (as defined in the Indenture) as paying agent or agents (each, a “Paying Agent”) to pay the principal of (and premium, if any) or interest, if any on the Securities of any series on behalf of the Company, at least one of such paying agents having an office or agency in the Borough of Manhattan, The City of New York;

 

  

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WHEREAS, pursuant to Section 3.05(b) of the Indenture, the Company shall cause to be kept a register (the “Senior Debt Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities and of transfers of such Securities (the Person appointed by the Company to keep the Senior Debt Security Register, a “Senior Debt Security Registrar”);

 

WHEREAS, pursuant to Section 10.02 of the Indenture, the Company and the Guarantor shall maintain an office or agency where Securities may be presented or surrendered for registration of transfer or exchange and where notices and demands to or upon the Company or the Guarantor in respect Securities and the Indenture may be served (the office or agency so appointed, a “Transfer Agent”);

 

WHEREAS, pursuant to the Minutes of a meeting of a sub-committee of the Group Asset & Liability Management Committee of the Guarantor and the Company held on September 17, 2010, the Guarantor and the Company approved the issuance of Securities by the Guarantor and the Company not to exceed an aggregate principal amount of $5 billion U.S. Dollars (or the equivalent thereof);

 

WHEREAS, pursuant to, and in accordance with, the provisions of the Indenture cited above, the parties hereto desire to execute this agreement to appoint Citibank, N.A., as Securities Administrator, to undertake the roles of the Authenticating Agent, Paying Agent, Senior Debt Security Registrar and Transfer Agent with respect to the Notes;

 

NOW THEREFORE, in consideration of the foregoing premises, the parties agree as follows:

 

	
1.

	
Definitions

 

All capitalized terms used in this Agreement and not otherwise defined have the meanings assigned such terms in the Indenture.

 

	
2.

	
Appointments

 

The Company hereby appoints the Securities Administrator, at its specified offices in New York, as Paying Agent and Senior Debt Security Registrar, the Company and the Guarantor hereby appoints the Securities Administrator, at its specified offices in New York, as Transfer Agent, and the Trustee hereby appoints the Securities Administrator, at its specified offices in New York, as Authenticating Agent, in each case with respect to the Notes, and the Securities Administrator hereby accepts such appointments upon the terms and conditions set forth herein.

 

	
3.

	
Authenticating Agent

 

3.1.           References in the Indenture to rights, protections, actions and/or duties of the Authenticating Agent shall, with respect to the Notes, be deemed to be rights, protections, actions and/or duties of the Securities Administrator in its capacity as the Authenticating Agent for the Notes.

 

  

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3.2.           The Securities Administrator hereby represents and warrants that it is, and at all times during which this Agreement is in effect shall be, a corporation or national banking association organized and doing business under the laws of the United States, any State thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 (determined as provided in Section 6.14 of the Indenture) and subject to supervision or examination by Federal or State or District of Columbia authority.

	
4.

	
Senior Debt Security Registrar; Registration of Transfer

 

4.1.           References in the Indenture to rights, protections, actions and/or duties of the Senior Debt Security Registrar shall, with respect to the Notes, be deemed to be rights, protections, actions and/or duties of the Securities Administrator in its capacity as the Senior Debt Security Registrar for the Notes.

 

4.2.           References in the Indenture to rights, protections, actions and/or duties of the Trustee in connection with the transfer, exchange or cancellation of Securities, including the actions and duties under Sections 3.04, 3.05, 3.06, 9.06 and 11.07 shall, with respect to the Notes, be deemed to be rights, protections, actions and/or duties of the Securities Administrator in its capacity as the Transfer Agent for the Notes.

 

	
5.

	
Paying Agent

 

5.1.           References in the Indenture to rights, protections, actions and/or duties of the Paying Agent shall, with respect to the Notes, be deemed to be rights, protections, actions and/or duties of the Securities Administrator in its capacity as the Paying Agent for the Notes.

 

5.2.          The Securities Administrator hereby agrees with the Trustee to:

 

	 	
(a)

	
hold all sums held by it for the payment of the principal of (and premium, if any) or interest, if any, on the Notes, as applicable, in trust for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided;

 

	
  

	
(b)

	
give the Trustee notice of any default by the Company (or the Guarantor or any other obligor upon the Notes, as applicable) in the making of any payment, when due and payable, or principal of (and premium, if any) or interest, if any, on the Notes, as applicable; and

 

	
  

	
(c)

	
at any time during the continuance of any such default, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by the Securities Administrator.

 

	
6.

	
Corporate Trust Office

 

References in the Indenture to the Corporate Trust Office of the Trustee acting in its capacities as Authenticating Agent, Paying Agent, Senior Debt Security Registrar or Transfer Agent shall, with respect to the Notes, refer to the Corporate Trust Office of the Securities 

 

  

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Administrator, which shall be (a) solely for purposes of the transfer, exchange or surrender of Notes and the presentment and surrender of Notes for the final distributions thereon: Citibank, N.A., 111 Wall Street, 15th Floor Window, New York, NY 10005, Attention: Corporate Trust Services – RBS PLC Retail Corporate Notes and (b) for all other purposes: Citibank, N.A., 388 Greenwich Street, 14th Floor, New York, NY 10013, Attention: Global Transaction Services – RBS PLC Retail Corporate Notes, or such other address as the Securities Administrator may designate from time to time by notice to the Trustee, the Company and the Guarantor.

 

	
7.

	
Delivery of Documents

 

7.1.           Any obligation of the Company or the Guarantor under the Indenture to deliver to the Trustee, acting in its capacity as Authenticating Agent, Paying Agent, Senior Debt Security Registrar or Transfer Agent (to the same extent as provided in Sections 3, 4 and 5 above), any Board Resolution, Company Order or Company Request, Guarantor Order or Guarantor Request, Officer’s Certificate, Opinion of Counsel, or any other document in connection with any action or duty covered by this Agreement shall be fulfilled by delivery of any such document to the Trustee, with a copy to the Securities Administrator.

 

7.2.           The Securities Administrator shall be entitled to rely on each Board Resolution, Company Order or Company Request, Guarantor Order or Guarantor Request, Officer’s Certificate and Opinion of Counsel delivered to the Trustee in connection with any action or duty covered by this Agreement pursuant to the Indenture and any other document received pursuant to Section 7.1 above.

 

	
8.

	
Securities Administrator

 

In performing its functions and duties under this Agreement, the Securities Administrator shall be afforded all of the rights, protections, immunities and indemnities afforded to the Original Trustee, including but in no way limited to Article 6 thereof (other than Section 6.07 of the Indenture), insofar as such rights, protections, immunities and indemnities relate to the Trustee’s functions and duties as an Authenticating Agent, Paying Agent, Senior Debt Security Registrar or Transfer Agent under the Indenture.

 

	
9.

	
Compensation and Expenses

 

The Securities Administrator shall be entitled to receive compensation in accordance with the Fee Schedule dated as of September 17, 2010 by and among the Securities Administrator, the Company and the Guarantor.  In addition, each of the Company and the Guarantor agrees, except as expressly provided herein, to reimburse the Securities Administrator upon its request for all reasonable expenses, disbursements and advances incurred by the Securities Administrator in accordance with any provision of this Agreement (including the reasonable compensation and expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as shall be determined by a court of competent jurisdiction to have been caused by its own negligence or bad faith.

 

  

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10.

	
Indemnity

 

10.1.           Each of the Company and the Guarantor (each, an “Indemnifying Party” and collectively, the “Indemnifying Parties”) agrees to indemnify the Securities Administrator for, and to hold it harmless against, any and all loss, liability, claim, damage or expense (including legal fees and expenses) incurred without negligence or bad faith on its part, arising out of or in connection with the performance of its duties hereunder including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder but excluding any tax liabilities of the Securities Administrator in respect of its net profits.

 

10.2.           The Securities Administrator shall notify the Indemnifying Parties in writing of the commencement of any action or claim in respect of which indemnification may be sought promptly after any officer of the Securities Administrator assigned to or working in the corporate trust department of the Securities Administrator becomes aware of such commencement (provided that the failure to make such notification shall not affect the Securities Administrator’s rights hereunder) and the Indemnifying Parties shall be entitled to participate in, and to the extent it shall wish, to assume the defense thereof, including the employment of counsel reasonably satisfactory to the Securities Administrator.  If the Indemnifying Parties and the Securities Administrator are being represented by the same counsel and the Indemnifying Parties have assumed the defense of the claim, the Securities Administrator shall not be authorized to settle a claim without the written consent of the Indemnifying Parties, which consent shall not be unreasonably withheld, delayed or denied.  In the case where the Indemnifying Parties have assumed the defense of a claim and the Securities Administrator and the Indemnifying Parties are represented by the same legal counsel, the Securities Administrator should not settle such a claim without the written consent of the Indemnifying Parties, which shall not be unreasonably withheld, delayed or denied.

 

10.3.           If the Securities Administrator is represented by separate counsel due to a conflict of interest or its need for separate representation due to a need to assert defenses which are different from those of the Indemnifying Parties, in the Securities Administrator’s sole discretion, the Securities Administrator shall be entitled to enter into any settlement without the written consent of the Indemnifying Parties and any and all fees, cost and expenses of such separate legal representation of the Securities Administrator will be paid by the Indemnifying Parties.

 

10.4.           As security for the performance of the obligations of the Company and the Guarantor under this Section 10, the Securities Administrator shall have a senior lien to which the Notes are hereby made subordinate, upon all property and funds held or collected by the Securities Administrator as such, except funds held in trust for the payment of principal of (or premium, if any) or interest, if any, on the Notes.

 

	
11.

	
Communications

 

11.1.           Unless otherwise agreed between the relevant parties, all communications under this Agreement shall be in writing delivered by facsimile transmission (followed by the original) or otherwise in writing. Each communication shall be made to the intended recipient at the 

 

  

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address, or facsimile number from time to time designated by such party to the other parties hereto for such purpose.

 

11.2.           Notwithstanding anything to the contrary herein, any and all communications (both text and attachments) by or from the Securities Administrator that the Securities Administrator in its sole discretion deems to contain confidential, proprietary, and/or sensitive information and sent by electronic mail will be encrypted.  The recipient (the “Email Recipient”) of the email communications will be required to complete a one-time registration process.  Information and assistance on registering and using the email encryption technology can be found at the Securities Administrator’s secure website www.citigroup.com/citigroup/citizen/privacy/email.htm or by calling (866) 535-2504 (in the U.S.) or (904) 954-6181 at any time.

 

	
12.

	
Resignation or Termination of the Securities Administrator

 

The Securities Administrator may resign its appointment hereunder at any time by giving to the Company and the Guarantor, and the Company and the Guarantor may terminate the appointment of the Securities Administrator by giving to the Securities Administrator, at least 30 days’ notice to that effect provided that no such resignation or termination of the appointment of the Securities Administrator shall take effect until a successor has been appointed. If a successor is not designated by the Company and the Guarantor within the 30-day period described above, the Securities Administrator may petition a court of competent jurisdiction to name a successor.

 

	
13.

	
Merger, Conversion, Consolidation or Succession to Business of the Securities Administrator

 

Any corporation into which the Securities Administrator may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Securities Administrator shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Securities Administrator, shall be the successor of the Securities Administrator hereunder, provided such corporation shall be otherwise qualified and eligible under this Agreement, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Notes shall have been authenticated, but not delivered, by the Securities Administrator then in office, any successor by merger, conversion or consolidation to such authenticating Securities Administrator may adopt such authentication and deliver such Notes so authenticated with the same effect as if such successor Securities Administrator had itself authenticated such Notes.

 

	
14.

	
Governing Law

 

This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York.

 

	
15.

	
Appointment of Agent for Service of Process

 

Each of the Company and the Guarantor has designated and appointed John Fawcett, Chief Financial Officer, Citizens Financial Group, Inc., 600 Washington Boulevard, Stamford, Connecticut, 06901, as its authorized agent upon which process may be served in any suit or 

 

  

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proceeding in any Federal or State court in the Borough of Manhattan, The City of New York arising out of or relating to this Agreement, but for that purpose only, and agrees that service of process upon said John Fawcett shall be deemed in every respect effective service of process upon it in any such suit or proceeding in any Federal or State court in the Borough of Manhattan, The City of New York, New York.  Such appointment shall be irrevocable so long as any of the Notes remain Outstanding until the appointment of a successor by the Company or the Guarantor and such successor’s acceptance of such appointment.  Upon such acceptance, the Company or the Guarantor shall notify the Securities Administrator of the name and address of such successor.  The Company and the Guarantor further agree to take any and all action, including the execution and filing of any and all such documents and instruments, as may be necessary to continue such designation and appointment of said John Fawcett in full force and effect so long as any of the Notes shall be Outstanding.  The Securities Administrator shall not be obligated and shall have no responsibility with respect to any failure by the Company or the Guarantor to take any such action.  The Company and the Guarantor hereby submit (for the purposes of any such suit or proceeding) to the jurisdiction of any such court in which any such suit or proceeding is so instituted, and waives, to the extent it may effectively do so, any objection it may have now or hereafter to the laying of the venue of any such suit or proceeding.

 

	
16.

	
Supplemental Indentures

 

The Securities Administrator shall be bound to follow any supplement or amendment to the Indenture, a form of which it has received at least five Business Days prior to the execution and delivery of such supplemental indenture unless the Securities Administrator waives (which waiver may be by email) such five Business Day notice period; provided, however, that notwithstanding anything to the contrary, the Securities Administrator shall not be bound by any provision in any supplemental indenture entered into without the Securities Administrator’s consent that (i) increases the duties or liabilities of or adversely affects the rights or economic consequences of the Securities Administrator or (ii) affects the amount, priority or timing of payment of fees or other amounts payable to the Securities Administrator; provided, further, that the Securities Administrator shall not be bound by any supplemental indenture unless and until it has received a copy.  Section references included herein shall include such sections as amended by such supplemental indenture and any replacement or like provision.

 

	
17.

	
Miscellaneous

 

17.1.           Neither this Agreement nor any provision hereof may be waived, amended, modified or terminated except pursuant to an agreement or agreements in writing entered into by the parties hereto.

 

17.2.           If any provision of this Agreement is invalid or unenforceable in any jurisdiction, then, to the fullest extent permitted by law, (i) the other provisions of this Agreement shall remain in full force and effect in such jurisdiction and (ii) the invalidity or unenforceability of such provision in such jurisdiction shall not affect the validity or enforceability thereof in any other jurisdiction.

 

17.3.           This Agreement may be executed in any number of counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of 

 

  

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which together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement.

 

17.4.           The headings herein are for the purposes of reference only and shall not otherwise affect the meaning or construction of any provision hereof.

 

IN WITNESS WHEREOF, the duly authorized representatives of the parties hereto hereby execute this Agreement on the day and year first above written.

 

 

[SIGNATURE PAGE FOLLOWS]

 

  

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THE ROYAL BANK OF SCOTLAND PLC

	  
	 	 
	 	 
	
By:

	
/s/ Ron Huggett

	  
	  	
Name:

	
Ron Huggett

	  
	  	
Title:

	
Authorized Signatory

	  
	 	 	 	 
	 	 	 	 
	
By:

	
/s/ John Cummins

	  
	  	
Name:

	
John Cummins

	  
	  	
Title:

	
Authorized Signatory

	  
	 	 	 	 
	 	 	 	 
	
THE ROYAL BANK OF SCOTLAND GROUP PLC

	  
	 	 
	 	 
	
By:

	
/s/ Ron Huggett

	  
	  	
Name:

	
Ron Huggett

	  
	  	
Title:

	
Authorized Signatory

	  
	 	 	 	 
	 	 	 	 
	
By:

	
/s/ John Cummins

	  
	  	
Name:

	
John Cummins

	  
	  	
Title:

	
Authorized Signatory

	  
	 	 	 	 
	 	 	 	 
	
CITIBANK, N.A.

	  
	
as Securities Administrator

	  
	 	 
	 	 
	
By:

	/s/ Wafaa Orfy	  
	  	
Name:

	

Wafaa Orfy

	  
	  	
Title

	Vice President	  
	 	 	 	 
	 	 	 	 
	
WILMINGTON TRUST COMPANY,

	  
	
not in its individual capacity, but solely as Trustee

	  
	 	 
	 	 
	
By:

	/s/ Michael G. Oller, Jr.	  
	  	
Name:

	Michael G. Oller, Jr. 	  
	  	
Title

	Assistant Vice Presidentexv4w1

Exhibit 4.1

HARSCO CORPORATION

AND

WELLS FARGO BANK, NATIONAL ASSOCIATION

as Trustee

 

FIRST SUPPLEMENTAL INDENTURE

Dated as of September     , 2010

to

Indenture

Dated as of September     , 2010

 

 

 

          FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of September  ,
2010, between HARSCO CORPORATION, a Delaware corporation, and any successor thereto (the
“Company”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee (the “Trustee”).

          Capitalized terms used herein and not otherwise defined herein have the meanings assigned to
those terms in the Indenture unless otherwise indicated.

R E C I T A L S

     WHEREAS, the Company executed and delivered an indenture dated as of September  , 2010 (the
“Indenture”) between the Company and the Trustee;

     WHEREAS, Section 9.1 of the Indenture provides that the Company and the Trustee may enter into
one or more indentures supplemental to the Indenture, without the consent of any Holders, to add,
among other things, covenants and agreements of the Company to be observed thereafter for the
protection of the Holders of all or any series of Securities and to establish the terms of any
series of Securities;

     WHEREAS, the Company desires to issue one series of Securities, the 2.700% Senior Notes Due
2015 (the “Notes”); and

     WHEREAS, all requirements necessary to make this Supplemental Indenture a valid, binding and
enforceable instrument in accordance with its terms have been done and performed, and the execution
and delivery of this Supplemental Indenture have been duly authorized in all respects.

     NOW, THEREFORE, in consideration of the covenants and agreements set forth herein, the parties
hereto hereby agree as follows:

ARTICLE I

Terms and Conditions

     Section 1.1. Terms and Conditions. The terms and characteristics of the Notes shall be as
follows (the numbered clauses set forth below corresponding to the lettered subsections of Section
3.1 of the Indenture, with terms used and not defined herein having the meanings specified in the
Indenture):

	 	(a)	 	the title of the Notes shall be “2.700% Senior Notes due 2015” and the CUSIP
for the Notes is 415864 AK3;

	 	(b)	 	the aggregate principal amount of the Notes which may be authenticated and
delivered under the Indenture shall be limited to $250,000,000; provided,
however, that such authorized aggregate principal amount may from time to time

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	 	 	 	be increased above such amount by a resolution of the Board of Directors to such
effect;

	 	(c)	 	not applicable;
	 
	 	(d)	 	the date on which the principal of the Notes shall be payable shall be October
15, 2015;
	 
	 	(e)	 	the Notes shall bear interest at the rate of 2.700% per annum. The Interest
Payment Dates on which such interest will be payable shall be April 15 and October 15
of each year, or the first business day thereafter if April 15 or October 15 is not a
business day, commencing on April 15, 2010. The regular record date for the
determination of Holders to whom interest is payable on any such Interest Payment Date
shall be the April 1 and October 1, as the case may be, (in each case, whether or not a
business day) immediately preceding the related Interest Payment Date;
	 
	 	(f)	 	the principal of and any premium or interest on any Notes shall be payable at
the office or agency of the Company maintained for that purpose at the Corporate
Trust Office of the Trustee, currently located at Wells Fargo Bank, National
Association, 45 Broadway, 14th Floor, New York, New York 10006, Attention: Corporate
Trust Services – Administrator – Harsco Corporation;
	 
	 	(g)	 	The Notes will be redeemable in whole or in part, at the Company’s option, at
any time and from time to time at a redemption price equal to the greater of (i) 100%
of the principal amount of the Notes to be redeemed and (ii) the sum of the present
values of the remaining scheduled payments of principal and interest thereon discounted
to the redemption date on a semi-annual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Treasury Rate as defined below, plus 20 basis points, plus
accrued interest thereon to the date of redemption.
	 
	 	 	 	“Treasury Rate” means, with respect to any redemption date, the rate per annum equal
to the semi-annual equivalent yield to a maturity of the Comparable Treasury Issue,
assuming 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).
	 
	 	 	 	“Comparable Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having a maturity comparable to the remaining term
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
such Notes.

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

“Independent Investment Banker” means one of the Reference Treasury Dealers that the
Company appoints.

“Reference Treasury Dealer” means (i) Citigroup Global Markets Inc. and RBS
Securities Inc. and their successors, provided, however, that if any of the
foregoing ceases to be a primary U.S. Government securities dealer in New York City
(a “Primary Treasury Dealer”), the Company will substitute another Primary Treasury
Dealer and (ii) any other Primary Treasury Dealers appointed by the Company.

“Reference Treasury Dealer Quotations” means, with respect to each Reference
Treasury Dealer and any redemption date, the average, as determined by the Trustee,
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 Trustee by
such Reference Treasury Dealer at 5:00 p.m., New York City time on the third
business day preceding such redemption date.

Notice of any redemption will be mailed at least 30 days but not more than 60 days
before the redemption date to each holder of Notes to be redeemed.

Unless the Company defaults in payment of the redemption price, on and after the
redemption date, interest will cease to accrue on the Notes or portions thereof
called for redemption.

If less than all of the Notes then outstanding are to be redeemed, the Notes to be
redeemed shall be selected by DTC (as defined below), in the case of Notes
represented by a Global Security, or by the Trustee by a method that the Trustee
deems to be fair and appropriate, in the case of Notes that are not represented by a
Global Security.

	 	(h)	 	not applicable;

	 	(i)	 	the Notes shall be issuable in denominations of $2,000 and integral multiples
of $1,000 in excess of $2,000;

	 	(j)	 	not applicable;

	 	(k)	 	not applicable;

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	 	(l)	 	not applicable;

	 	(m)	 	not applicable;

	 	(n)	 	the Notes shall be subject to Sections 13.2 (Defeasance) and 13.3 (Covenant
Defeasance) of the Indenture;

	 	(o)	 	(a) the Notes shall be issued in the form of one or more Global Securities; (b)
the Depositary for such Global Securities shall be The Depository Trust Company
(“DTC”); and (c) the procedures with respect to transfer and exchange of Global
Securities shall be as set forth in the Indenture;

	 	(p)	 	not applicable;

	 	(q)	 	Covenants of the Company

(i) Change of Control Offer

If a Change of Control Triggering Event (as defined below) occurs, unless the
Company has exercised its option to redeem the Notes in accordance with Section
1.1(g) above, the Company shall be required to make an offer (a “Change of Control
Offer”) to each Holder of the Notes to repurchase all or any part (equal to $2,000
or integral multiples of $1,000 in excess thereof) of that Holder’s Notes on the
terms set forth in the Notes. In a Change of Control Offer, the Company shall be
required to offer payment in cash equal to 101% of the aggregate principal amount of
Notes repurchased, plus accrued and unpaid interest, if any, on the Notes
repurchased to, but not including, the date of repurchase (a “Change of Control
Payment”). Within 30 days following any Change of Control Triggering Event or, at
the Company’s option, prior to any Change of Control (as defined below), but after
public announcement of the transaction that constitutes or may constitute the Change
of Control, a notice shall be mailed to Holders of the Notes describing the
transaction that constitutes or may constitute the Change of Control Triggering
Event and offering to repurchase such Notes on the date specified in the applicable
notice, which date shall be no earlier than 30 days and no later than 60 days from
the date such notice is mailed (a “Change of Control Payment Date”). The notice
shall, if mailed prior to the date of consummation of the Change of Control, state
that the Change of Control Offer is conditioned on the Change of Control Triggering
Event occurring on or prior to the applicable Change of Control Payment Date.

On each Change of Control Payment Date, the Company shall, to the extent lawful:

(A) accept for payment all Notes or portions of Notes properly tendered pursuant
to the applicable Change of Control Offer;

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(B) deposit with the Paying Agent an amount equal to the Change of Control
Payment in respect of all Notes or portions of Notes properly tendered; and

(C) deliver or cause to be delivered to the Trustee the Notes properly accepted
together with an Officers’ Certificate stating the aggregate principal amount of
Notes or portions of Notes being repurchased.

The Company shall not be required to make a Change of Control Offer upon the
occurrence of a Change of Control Triggering Event if a third party makes such an
offer in the manner, at the times and otherwise in compliance with the requirements
for an offer made by the Company and the third party purchases all Notes properly
tendered and not withdrawn under its offer. In addition, the Company shall not
repurchase any Notes if there has occurred and is continuing on the Change of
Control Payment Date an Event of Default, other than a default in the payment of the
Change of Control Payment upon a Change of Control Triggering Event.

The Company shall comply with the requirements of Rule 14e-1 under the Exchange Act,
and any other securities laws and regulations thereunder to the extent those laws
and regulations are applicable in connection with the repurchase of the Notes as a
result of a Change of Control Triggering Event. To the extent that the provisions of
any such securities laws or regulations conflict with the Change of Control Offer
provisions of the Notes, the Company shall comply with those securities laws and
regulations and shall not be deemed to have breached its obligations under the
Change of Control Offer provisions herein by virtue of any such conflict.

(ii) Limitations on Liens

The Company will not at any time create, incur, assume or guarantee, and will not
cause, suffer or permit a Restricted Subsidiary (as defined below) to create, incur,
assume or guarantee, any Secured Debt (as defined below) without making effective
provision (and the Company covenants that in such case it will make or cause to be
made effective provision) whereby the Securities then outstanding and any other
indebtedness of or guaranteed by the Company or such Restricted Subsidiary then
entitled thereto, subject to applicable priorities of payment, shall be secured by
the Security Interest (as defined below) or guaranty securing such Secured Debt
equally and ratably with (or, at the Company’s option, prior to) any and all other
obligations and indebtedness thereby secured, so long as any such Secured Debt
remains outstanding, provided, however, that the foregoing covenants shall not be
applicable to the following:

(A) (1) Any Security Interest upon any property hereafter acquired or
constructed by the Company or a Restricted Subsidiary and created

5

 

contemporaneously with, or within 12 months after, such acquisition or
construction to secure or provide for the payment of all or any part of the
purchase price of such property or the cost of construction thereof, as the case
may be; or (2) the acquisition of property subject to any Security Interest upon
such property existing at the time of acquisitions thereof, whether or not the
obligation secured thereby is assumed by the Company or such Restricted
Subsidiary; or (3) any Security Interest existing on the property or on the
outstanding shares of indebtedness of a corporation at the time such corporation
shall become a Restricted Subsidiary or arising after such corporation becomes a
Restricted Subsidiary pursuant to contractual commitments entered into prior to
and not in contemplation of such corporation becoming a Restricted Subsidiary;
or (4) any Security Interest on property of a corporation (x) existing at the
time such corporation is merged into or consolidated with the Company or a
Restricted Subsidiary, (y) existing at the time of a sale, lease or other
disposition of the properties of a corporation or firm as an entirety or
substantially as an entirety to the Company or a Restricted Subsidiary, or (z)
arising after a transaction described in (x) or (y) of this clause (4) pursuant
to contractual commitments entered into prior to and not in contemplation of
such transaction; provided in each case that any such Security Interest does not
attach to or affect property owned by the Company or a Restricted Subsidiary
prior to such acquisition or construction (except the real property on which any
property so constructed is physically located, in the case of any such
construction) or to other property thereafter acquired or constructed other than
additions to such acquired or constructed property; or

(B) Mechanics’, materialmen’s, carriers’ or other like liens, arising in the
ordinary course of businesses; or

(C) Any Security Interest arising by reason of deposits with, or the giving of
any form of security to, any governmental agency or any body created or approved
by law or governmental regulations as a condition to the transaction of any
business, or the exercise of any privilege or license; or

(D) Liens of taxes or assessments for the then current year not at the time due,
or the liens of taxes or assessments already due but the validity of which is
being contested in good faith and against which adequate reserves have been
established; or

(E) Judgment liens, so long as the finality of such judgment is being contested
in good faith and execution thereon is stayed; or

6

 

(F) Leases, and, so long as the rent secured thereby is not in default,
landlords’ liens on fixtures and movable property located on premises leased in
the ordinary course of business; or

(G) Security Interests arising in connection with contracts with or made at the
request of the United States of America or any department or agency thereof,
insofar as such Security Interests relate to property manufactured, installed or
constructed by or to be supplied by, or property furnished to, the Company or a
Restricted Subsidiary pursuant to, or to enable the performance of such
contracts, or property the manufacture, installation, construction or
acquisition of which is financed by the United States of America or any
department or agency thereof pursuant to, or to enable the performance of, such
contracts; or

(H) Security Interests in property of the Company or a Restricted Subsidiary in
factor of the United States of America or any state thereof or any foreign
government, or any department, agency or instrumentally or political subdivision
of any thereof, 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 Security Interests; or

(I) Any Security Interest in favor of the United States of America, or any
state, country or local government, or to any agency thereof, in connection with
the financing of a Principal Property (as defined below) (including without
limitation, any such Principal Property designed primarily for the purpose of
pollution control), and any transfers of title to any such Principal Property or
Security Interest in any such Principal Property, in favor of such government or
governmental agency in each case as are necessary or appropriate to permit the
acquisition, construction, attachment or removal of such Principal Property;
provided that such transfer of title and the lien of any such Security Interest
does not apply to any other assets now or hereafter owned by the Company or any
Restricted Subsidiary; or

(J) Any extension, renewal or replacement (or successive extensions, renewals or
replacements) in whole or in part of any Security Interest referred to in the
foregoing subparagraphs (A) through (I), inclusive, provided that the principal
amount of Secured Debt secured thereby shall not exceed the principal amount
outstanding at the time of such extension, renewal or replacement, and that such
extension, renewal or replacement shall be limited to the property which secured
the Security Interest so extended, renewed or replace and additions to such
property.

Notwithstanding the foregoing provisions, the Company and any one or more Restricted
Subsidiaries may issue, assume or guarantee Secured Debt which

7

 

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 would
otherwise be subject to the foregoing restrictions (not including Secured Debt
permitted to be secured under subparagraphs (A) through (I), inclusive, above) and
the aggregate value of the Sale and Leaseback Transactions in existence at such time
(not including Sale and Leaseback Transactions the proceeds of which have been or
will be applied in accordance
with subparagraph (B) of Section 1.1(q)(iii) below), does not at the time exceed 10%
of Consolidated Net Tangible Assets (as defined below).

(iii) Limitations on Sale and Leaseback Transactions

The Company will not, and will not permit any Restricted Subsidiary to, engage in
any Sale and Leaseback Transaction (as defined below), unless:

(A) the Company or such Restricted Subsidiary would be entitled, pursuant to the
provisions of Section 1.1(q)(ii) hereof (without reference to subparagraphs (A)
through (J) thereof), to incur Secured Debt equal in amount to the amount
realized or to be realized upon such sale or transfer secured by a Security
Interest on the property to be leased without equally and ratably securing the
Securities; or

(B) the Company or a Restricted Subsidiary shall apply, within 120 days after
such sale or transfer, an amount equal to the value of the property so leased to
(1) the purchase or construction of properties, facilities or equipment used for
operating purposes or (2) the retirement of other Funded Debt (as defined below)
of the Company or of any Restricted Subsidiary (other than any Funded Debt owed
to the Company or any Restricted Subsidiary); provided, however, that the amount
to be applied to the retirement of Funded Debt of the Company shall be reduced
by the sum of (x) the principal amount of any Securities delivered within 120
days after such sale or transfer to the Trustee for retirement and cancellation
and (y) the principal amount of Funded Debt, other than Securities, voluntarily
retired by the Company within 120 days after such sale or transfer.
Notwithstanding the foregoing, no retirement of Funded Debt pursuant to clause
(B)(2) of this Section 1.1(q)(iii) may be effected by payment at maturity or
pursuant to any mandatory sinking fund payment or any mandatory prepayment
provision.

The term “value” shall mean with respect to a Sale and Leaseback Transaction, as of
any particular time, the amount equal to the greater of (x) the net proceeds of the
sale of the property leased pursuant to such Sale and Leaseback Transaction or (y)
the fair value of such property at the time of entering into such Sale and Leaseback
Transaction, as determined by the Board of Directors, in either case divided first
by the number of full years of such term remaining at the time of

8

 

determination,
without regard to any renewal or extension options contained in the lease.

(iv) Limitations on Transfer of a Principal Property to an Unrestricted Subsidiary

The Company will not itself, and will not permit any Restricted Subsidiary to,
transfer (whether by merger, consolidation or otherwise) any Principal Property to
any Unrestricted Subsidiary (as defined below), unless it shall, within 120 days of
the effective date of such transfer, apply an amount equal to the fair value of such
property at the time of such transfer, as determined by the Board of Directors, to
(A) the purchase or construction of properties, facilities or equipment used for
operating purposes or (B) the retirement of other Funded Debt of the Company or of
any Restricted Subsidiary (other than any Funded Debt owed to the Company or any
Restricted Subsidiary); provided, however, that the amount to be applied to the
retirement of Funded Debt of the Company shall be reduced by the sum of (x) the
principal amount of any Securities delivered within 120 days after such sale or
transfer to the Trustee for retirement and cancellation and (y) the principal amount
of Funded Debt, other than Securities, voluntarily retired by the Company within 120
days after such sale or transfer. Notwithstanding the foregoing, no retirement of
Funded Debt pursuant to clause (B) of this Section 1.1(q)(iv) may be effected by
payment at maturity or pursuant to any mandatory sinking fund payment or any
mandatory prepayment provisions.

(v) Definitions

For purposes of this Section 1.1(q):

     “Change of Control” shall mean the occurrence of any of the following: (i) the
direct or indirect sale, lease, transfer, conveyance or other disposition (other
than by way of merger or consolidation), in one or more series of related
transactions, of all or substantially all of the Company’s assets and the assets of
the Company’s Subsidiaries, taken as a whole, to any Person (as defined below),
other than the Company or one of the Company’s Subsidiaries (as defined below); (ii)
the consummation of any transaction (including, without limitation, any merger or
consolidation) the result of which is that any Person 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 (as defined
below) or other Voting Stock into which the Company’s Voting Stock is reclassified,
consolidated, exchanged or changed, measured by voting power rather than number of
shares; (iii) 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 Company’s outstanding Voting Stock or
the Voting Stock of such other Person is converted into or exchanged for cash,
securities or other property, other than any

9

 

such transaction where the shares of
the Company’s Voting Stock outstanding immediately prior to such transaction
constitute, or are converted into or exchanged for, a majority of the Voting Stock
of the surviving Person or any direct or indirect parent company of the surviving
Person immediately after giving effect to such transaction; (iv) the first day on
which a majority of the members of the Company’s Board of Directors are not
Continuing Directors (as defined below); or (v) the adoption of a plan relating to
the Company’s liquidation or dissolution. The term “Person,” as used in this
definition, has the meaning given thereto in Section 13(d)(3) of the Exchange Act.
Notwithstanding the foregoing, a transaction will not be deemed to involve a Change
of Control 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 outstanding Voting Stock of the Company 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 occurrence of both a Change of
Control and a Rating Event.

     “Consolidated Net Tangible Assets” means the aggregate amount of assets (less
applicable reserves and other property deductible items) after deducing therefrom
(A) all current liabilities (excluding any constituting Funded Debt by reason of
such Funded Debt being renewable or extendible) and (B) all goodwill, trade names,
trademarks, patents, unamortized debt discount and expenses and other like
intangibles, all as set forth on the most recent balance sheet of the Company and
its consolidated Subsidiaries and computed in accordance with generally accepted
account principles.

     “Continuing Directors” means, as of any date of determination, any member of
the Company’s Board of Directors who (A) was a member of such Board of Directors on
the date the Notes were issued or (B) 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 (either by a specific vote or by approval of the
Company’s proxy statement in which such member was named as a nominee for election
as a director, without objection to such nomination).

     “Fitch” means Fitch, Inc., and its successors.

     “Funded Debt” means all indebtedness for money borrowed having a maturity of
more than one year from the date of the most recent balance sheet of the

10

 

Company and its consolidated Subsidiaries or having a maturity of less than one year but by its
terms being renewable or extendible beyond one year from the date of such balance
sheet at the option of the borrower.

     “Investment Grade” means a rating equal to or higher than BBB- (or the
equivalent) by Fitch, Baa3 (or the equivalent) by Moody’s (as defined below) and
BBB- (or the equivalent) by S&P (as defined below), and the equivalent investment
grade credit rating from any replacement rating agency or rating agencies selected
by the Company.

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

     “Principal Property” means any manufacturing plant or manufacturing facility,
warehouse, office building or other operating facility located within the United
States, and any equipment located in any such plant or facility (together with the
land on which such plant or facility is erected and fixtures comprising a
part of such plant or facility), owned or leased by the Company or by one or
more of the Company’s Restricted Subsidiaries on or acquired or leased by the
Company or by one or more of the Company’s Restricted Subsidiaries after September
        , 2010, other than any such principal property that the Company’s Board of
Directors declares not to be of material importance to the overall business that the
Company and its Restricted Subsidiaries conduct, taken as a whole.

     “Rating Agencies” means (A) each of Fitch, Moody’s and S&P; and (B) if any of
Fitch, Moody’s or S&P ceases to rate the Notes or fails to make a rating of the
Notes publicly available for reasons outside of the Company’s control, a “nationally
recognized statistical rating organization” within the meaning of Rule
15c3-1(c)(2)(vi)(F) under the Exchange Act selected by the Company (as certified by
a resolution of the Company’s Board of Directors) as a replacement agency for Fitch,
Moody’s or S&P, or all of them, as the case may be.

     “Rating Event” means a decrease in the ratings of the Notes below Investment
Grade by at least two of the three Rating Agencies on any date from the date that is
60 days prior to the date of the first public notice of an arrangement that could
result in a Change of Control until the end of the 60-day period following the
consummation of such Change of Control (which period shall be extended so long as
the rating of the Notes is under publicly announced consideration for possible
downgrade by any of the Rating Agencies).

     “Restricted Subsidiary” means (A) any Subsidiary (as defined below) other than
an Unrestricted Subsidiary and (B) any Subsidiary which was an Unrestricted
Subsidiary but which, subsequent to the date hereof, is designated by the Company
(by certified resolution of the Board of Directors delivered to the Trustee) to be a
Restricted Subsidiary; provided, however, that the Company may

11

 

not designate any
such Subsidiary to be a Restricted Subsidiary if the Company would thereby breach
any covenant or agreement herein contained.

     “Sale and Leaseback Transaction” means any sale or transfer made by the Company
or one or more Restricted Subsidiaries (except a sale or transfer made to the
Company or one or more Restricted Subsidiaries) of any Principal Property which has
been in full operation for more than 120 days prior to such sale or transfer, if
such sale or transfer is made with the intention of, or as part of an arrangement
involving, the lease of such Principal Property to the Company or a Restricted
Subsidiary (except a lease for a period not exceeding 36 months, made with the
intention that the use of the leased Principal Property by the Company or such
Restricted Subsidiary will be discontinued on or before the expiration of such
period).

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

     “Secured Debt” means any indebtedness for money borrowed by the Company or a
Restricted Subsidiary, and any other indebtedness of the Company or a Restricted
Subsidiary on which by the terms of such indebtedness interest is paid or payable
(other than indebtedness owned by a Restricted Subsidiary to the Company, by a
Restricted Subsidiary to another Restricted Subsidiary or by the Company to a
Restricted Subsidiary), which in any such case is by its terms secured by (A) a
Security Interest in any Principal Property or (B) a Security Interest in any shares
of stock or indebtedness of a Restricted Subsidiary or (C) in the case of any such
indebtedness of the Company, a guaranty by any Restricted Subsidiary.

     “Security Interest” means any mortgage, pledge, lien, encumbrance or other
security interest which secures payment or performance of an obligation.

     “Subsidiary” means any corporation of which the Company, or the Company and one
or more Subsidiaries, or any one or more Subsidiaries, directly or indirectly owns
or own voting securities entitling the holders thereof to elect a majority of the
directors, either at all times or so long as there is no default or contingency
which permits the holders of any other class or classes of securities to vote for
the election of one or more directors.

     “Unrestricted Subsidiary” means (A) any Subsidiary acquired or organized
after the date hereof, provided, however, that such Subsidiary is not a successor,
directly or indirectly, to any Restricted Subsidiary, (B) any Subsidiary the
principal business and assets of which are located outside the United States of
America, its territories and possessions and (C) any Subsidiary substantially all
the assets of which consist of stock or other securities of a Subsidiary or
Subsidiaries of the character described in clauses (A) and (B) of this paragraph, in

12

 

each case unless and until any such Subsidiary shall have been designated to be
a Restricted Subsidiary pursuant to clause (B) of the definition of “Restricted
Subsidiary.”

     “Voting Stock” means, with respect to any specified “Person” (as that term is
used in Section 13(d)(3) of the Exchange Act) as of any date, 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.

	 	(r)	 	not applicable.

ARTICLE II

Miscellaneous

     Section 2.1. Effect of Supplemental Indenture. Upon the execution and delivery of this
Supplemental Indenture by the Company and the Trustee, the Indenture shall be modified in
accordance herewith, and this Supplemental Indenture shall form a part of the Indenture for all
purposes; and every Holder of Securities heretofore or hereafter authenticated and delivered under
the Indenture shall be bound thereby.

     Section 2.2. Indenture Remains in Full Force and Effect. Except as supplemented and amended
hereby, all provisions in the Indenture shall remain in full force and effect.

     Section 2.3. Indenture and Supplemental Indenture Construed Together. This Supplemental
Indenture is an indenture supplemental to and in implementation of the Indenture, and the Indenture
and this Supplemental Indenture shall henceforth be read and construed together.

     Section 2.4. Confirmation of Indenture. The Indenture, as supplemented and amended by this
Supplemental Indenture, is in all respects confirmed and ratified.

     Section 2.5. Conflict with Trust Indenture Act. If any provision of this Supplemental
Indenture limits, qualifies or conflicts with another provision hereof which is required to be
included in this Supplemental Indenture by any of the provisions of the Trust Indenture Act, such
required provision shall control.

     Section 2.6. Separability. In case any one or more of the provisions contained in this
Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality or
enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

     Section 2.7. Successors and Assigns. All agreements in this Supplemental Indenture shall be
binding upon and inure to the benefit of the respective successors and assigns of the Company and
the Trustee.

13

 

     Section 2.8. Certain Duties and Responsibilities of the Trustee. In entering into this
Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the
Indenture relating to the conduct or affecting the liability of or affording protection to the
Trustee, whether or not elsewhere herein so provided. The Trustee, for itself and its successor or
successors, accepts the terms of the Indenture as amended by this Supplemental Indenture, and
agrees to perform the same, but only upon the terms and provisions defining and limiting the
liabilities and responsibilities of the Trustee, which terms and provisions shall in like manner
define and limit its liabilities and responsibilities in the performance of the trust created by
the Indenture. The Trustee makes no representations as to the validity or sufficiency of this
Supplemental Indenture other than as to the validity of its execution and delivery by the Trustee.
The recitals and statements herein are deemed to be those of the Company and not of the Trustee.

     Section 2.9. Governing Law. This Supplemental Indenture shall be governed by, and construed
in accordance with, the laws of the State of New York, without regard to conflicts of laws
principles thereof.

     Section 2.10. Counterparts. This Supplemental Indenture may be executed in two or more
counterparts, which when so executed shall constitute one and the same agreement. The exchange of
copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall
constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto
and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the
parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for
all purposes.

[Signature Page to Follow]

14

 

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

	 	 	 	 	 
	 	HARSCO CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:

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