Document:

exv4w3

Exhibit 4.3

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“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 IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE
& CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN.

TRANSFERS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF
CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS
GLOBAL NOTE ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS OF THE
INDENTURE.

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE
FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER

     (1) REPRESENTS THAT

     (A) IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER”
(WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE
INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, OR

     (B) IT IS NOT A U.S. PERSON (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES
ACT) AND

(2) AGREES FOR THE BENEFIT OF THE COMPANY THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE
TRANSFER THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN, EXCEPT IN ACCORDANCE WITH THE
SECURITIES ACT AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ONLY

(A) TO THE COMPANY,

(B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE
SECURITIES ACT,

(C) TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE
SECURITIES ACT,

 

 

(D) IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE
SECURITIES ACT, OR

(E) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT.

PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(C) ABOVE OR (2)(D) ABOVE, A DULY
COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE OBTAINED FROM THE TRUSTEE) MUST BE
DELIVERED TO THE TRUSTEE. PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(E)
ABOVE, THE COMPANY RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS,
CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE
PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE
SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY RULE 144 EXEMPTION FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

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 SECURITIES ACT. BENEFICIAL INTERESTS HEREIN ARE NOT EXCHANGEABLE FOR PHYSICAL NOTES OTHER THAN
A PERMANENT GLOBAL NOTE IN ACCORDANCE WITH THE 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.

 

 

EASTMAN KODAK COMPANY

10.625% Senior Secured Note due March 15, 2019

			
	No. S-1
	 	CUSIP No. U27746 AH6
	 	 	 
	 
	 	US $4,000,000

     EASTMAN KODAK COMPANY, a New Jersey 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 FOUR MILLION DOLLARS (US $4,000,000) or such
other amount as indicated on the Schedule of Exchange of Notes attached hereto, on March 15, 2019.

	 	 	 

	Interest Rate:

	 	10.625% per annum
	 
	 	 
	Interest Payment Dates:

	 	September 15 and March 15 of each year commencing
September 15, 2011
	 
	 	 
	Regular Record Dates:

	 	September 1 and March 1 of each year

     Reference is hereby made to the further provisions of this Note set forth on the reverse
hereof, which will for all purposes have the same effect as if set forth at this place.

 

 

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

	 	 	 	 	 
	 	Eastman Kodak Company

 	 
	 	By:  	/s/ William G. Love
 	 
	 	 	Name:  	William G. Love 	 
	 	 	Title:  	Treasurer 	 
	 

 

 

(Form of Trustee’s Certificate of Authentication)

     This is one of the 10.625% Senior Secured Notes due March 15, 2019 described in the Indenture
referred to in this Note.

	 	 	 	 	 
	 	The Bank of New York Mellon, 
as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 

	 	 	 	 	 
	Dated:  	 	 

 

 

[REVERSE SIDE OF NOTE]

EASTMAN KODAK COMPANY

10.625% Senior Secured Note due March 15, 2019

1. Principal and Interest.

     The Company promises to pay the principal of this Note on March 15, 2019.

     The Company promises to pay interest on the principal amount of this Note on each interest
payment date, as set forth on the face of this Note, at the rate of 10.625% per annum.

     Interest will be payable in cash semiannually in arrears (to the holders of record of the
Notes at the close of business on the September 1 or March 1 immediately preceding the interest
payment date) on each interest payment date, commencing September 15, 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.

     The Company will pay interest on overdue principal and, to the extent lawful, pay interest on
overdue interest, at the rate otherwise applicable to the Notes. Interest not paid when due and
any interest on principal, premium or interest not paid when due will be paid to the Persons that
are Holders on a special record date, which will be the 15th day preceding the date fixed by the
Company for the payment of such interest, whether or not such day is a Business Day. At least 15
days before a special record date, the Company will send to each Holder and to the Trustee a notice
that sets forth the special record date, the payment date and the amount of interest to be paid.

2. Indenture; Note Guaranty

     This is one of the Notes issued under an Indenture dated as of March 15, 2011 (as amended from
time to time, the “Indenture”), among the Company, the Guarantors party thereto and The Bank of New
York Mellon, 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. 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 obligations of the Company which are secured by the Security Agreements.
The Indenture limits the original aggregate principal amount of the Notes to $250,000,000, but
Additional Notes may be issued pursuant to the Indenture, and the originally

 

 

issued Notes and all such Additional Notes vote together for all purposes as a single class.
This Note is guarantied as set forth in the Indenture.

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

     This Note is subject to optional redemption, and may be the subject of an Offer to Purchase,
as further described in the Indenture. There is no sinking fund or mandatory redemption 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 integral 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 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 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 to, among other things, cure any ambiguity, defect or
inconsistency.

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.

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.

 

 

[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.

 

 

     In connection with any transfer of this Note occurring prior to ______________, 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 F
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 I 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.

 

 

Signature Guarantee: 1____________________.

	 	 	 	 	 
	 	 	 
	 	By  	 	 
	 	 	To be executed by an executive officer 	 
	 

 

			
	1	 	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.

 

 

OPTION OF HOLDER TO ELECT PURCHASE

     If you wish to have all of this Note purchased by the Company pursuant to Section 4.09 or
Section 4.12 of the Indenture, check the box: 9

     If you wish to have a portion of this Note purchased by the Company pursuant to Section 4.09
or Section 4.12 of the Indenture, state the amount (in original principal amount in multiples of
$1,000) below:

          $____________________.

Date:____________

Your Signature:_______________________________________

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

Signature Guarantee:2 _____________________________

 

			
	2	 	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.

 

 

SCHEDULE OF EXCHANGES OF NOTES

The following exchanges of a part of this Global Note for Certificated Notes or a part of another
Global Note have been made:

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Principal amount of	 	 
	 	 	 	 	 	 	this Global Note	 	 
	 	 	Amount of decrease	 	Amount of increase	 	following such	 	Signature of
	 	 	in principal amount	 	in principal amount	 	decrease (or	 	authorized officer of
	Date of Exchange	 	of this Global Note	 	of this Global Note	 	increase)	 	Trusteeexv10w2

Exhibit 10.2

SECURITY AGREEMENT SUPPLEMENT

     Reference is made to that certain (a) Collateral Trust Agreement, dated as of March 5, 2010
(as amended, amended and restated, supplemented or otherwise modified from time to time, the
“Collateral Trust Agreement”), among Eastman Kodak Company, a New Jersey corporation (the
“Company”), the other Trustors party thereto from time to time, The Bank of New York Mellon, as
Trustee and as collateral agent (in such capacity, together with its successors and assigns, the
“Collateral Agent”) for the Second Lien Secured Parties, and each Representative party thereto from
time to time, and (b) Security Agreement dated as of March 5, 2010 (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “Security Agreement”), made by
the Company and the other Grantors (as defined therein) from time to time party thereto, in favor
of the Collateral Agent. Terms defined in the Collateral Trust Agreement or the Security Agreement
and not otherwise defined herein are used herein as defined in the Collateral Trust Agreement or
the Security Agreement, as applicable.

     This Security Agreement Supplement, dated as of March 15, 2011 (this “Security Agreement
Supplement”), is being delivered in connection with the Security Agreement for the purpose of
adding the additional assets described herein to the Collateral.

     NOW, THEREFORE, in consideration of the transactions under the Collateral Trust Agreement and
the Security Agreement:

     SECTION 1. Grant of Security. The undersigned hereby grants to the
Collateral Agent, for the ratable benefit of the Second Lien Secured Parties, a security interest
in all of its right, title and interest in and to the following additional Collateral: (i) the
deposit account(s) set forth on the Supplement to Schedule II attached hereto (the “New Pledged
Deposit Account” and all funds and financial assets from time to time credited thereto (including,
without limitation, all cash equivalents) and including all property related thereto as set forth
in Section 1 of the Security Agreement; and (ii) all proceeds of the foregoing. From and after the
date hereof, the terms “Pledged Deposit Accounts” and “Collateral” shall be deemed to include the
New Pledged Deposit Account, for so long as such New Pledged Deposit Account exists.

     SECTION 2. Security for Obligations. The grant of a security interest in the
Collateral by the undersigned under this Security Agreement Supplement and the Security Agreement
secures the payment of all Secured Obligations of the undersigned now or hereafter existing under
or in respect of the Second Lien Documents, whether direct or indirect, absolute or contingent, and
whether for principal, reimbursement obligations, interest, premiums, penalties, fees,
indemnifications, contract causes of action, costs, expenses or otherwise. Without limiting the
generality of the foregoing, this Security Agreement Supplement and the Security Agreement secures
the payment of all amounts that constitute part of the Secured Obligations and that would be owed
by the undersigned to any Second Lien Secured Parties under the Second Lien Documents but for the
fact that such Secured Obligations are unenforceable or not allowable due to the existence of a
bankruptcy, reorganization or similar proceeding involving the Company or any Guarantor.

 

 

     SECTION 3. Governing Law. This Security Agreement Supplement shall be governed by, and
construed in accordance with, the laws of the State of New York.1

     SECTION 4. Intercreditor Agreement. Notwithstanding anything herein to the contrary,
the Liens and security interest granted to the Collateral Agent, for the benefit of the Second Lien
Secured Parties, pursuant to this Agreement and the exercise of any right or remedy by the
Collateral Agent, for the benefit of the Second Lien Secured Parties, hereunder are subject to the
provisions of the Intercreditor Agreement, among Citicorp USA, Inc. as First Lien Representative,
The Bank of New York Mellon, as Second Lien Representative, the Company, the direct and indirect
Subsidiaries of the Company party thereto and such other parties as may be added thereto from time
to time in accordance with the terms thereof and as the Intercreditor Agreement may be amended,
restated, supplemented or otherwise modified from time to time in accordance with the terms
thereof. In the event of any conflict between the terms of the Intercreditor Agreement and this
Agreement, the terms of the Intercreditor Agreement shall govern.

[Signature pages follow]

 -2- 

 

     IN WITNESS WHEREOF, the undersigned has caused this Security Agreement Supplement to be signed
on the date set forth below, to be effective on the date set forth above.

	 	 	 	 	 
	 	EASTMAN KODAK COMPANY

 	 
	 	By:  	
/s/ William G. Love
 	 
	 	 	Name:  	William G. Love 	 
	 	 	Title:  	Treasurer 	 

 -3- 

 

	 	 	 	 	 

Receipt of the foregoing Security Agreement Supplement is hereby acknowledged.

THE BANK OF NEW YORK MELLON

As Collateral Agent

	 	 	 	 	 
	By:  	/s/ Thomas J. Provenzano
 	 
	 	Name:  	Thomas J. Provenzano 	 
	 	Title:  	Vice President 	 

-4-

 

	 	 	 	 	 

Supplement to Schedule II to the Security Agreement

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Name and Address	 	 
	Grantor	 	Type of Account	 	of Bank	 	Account Number

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