Document:

exv4wcw20

EXHIBIT 4(c).20

Dated 1 November 2010

NATIONAL GRID PLC

and

ANDREW ROBERT JOHN BONFIELD

SERVICE AGREEMENT

Linklaters

Linklaters LLP

One Silk Street

London EC2Y 8HQ

Telephone (44-20) 7456 2000

Facsimile (44-20) 7456 2222

 

 

This Agreement is made on 1 November 2010 between

	(1)	 	NATIONAL GRID plc incorporated in the UK with registered number 04031152 whose registered
office is at 1-3 Strand, London WC2N 5EH (the “Company”); and
	 
	(2)	 	ANDREW ROBERT JOHN BONFIELD of Dalkeith House, Shrubbs Hill Lane, Sunningdale, Berkshire SL5
0LD (the “Executive”).

This agreement records the terms on which the Executive will serve the Company.

	1	 	Interpretation
	 
	 	 	In this agreement (and any schedules to it):

	1.1	 	Definitions

	 	 	“Board” means the board of directors of the Company at any time or any person or committee
nominated by the board of directors as its representative for the purposes of this
agreement;
	 
	 	 	“Employment” means the employment governed by this agreement;
	 
	 	 	“Group” means the Company, its ultimate holding company from time to time and the Company’s
associates (as defined in section 435 of the Insolvency Act 1986) from time to time;
	 
	 	 	“Group Company” means a member of the Group and “Group Companies” will be interpreted
accordingly;
	 
	 	 	“holding company” has the meaning given in section 1159 of the Companies Act 2006;
	 
	 	 	“Listing Rules” means the listing rules made by the Financial Services Authority in exercise
of its functions as a competent authority pursuant to Part VI of the Financial Services and
Markets Act 2000; and
	 
	 	 	“Termination Date” means the date on which the Employment terminates.

	2	 	Commencement of Employment
	 
	2.1	 	The Employment will start on 1 November 2010 or if later, the date upon which the
conditions set out in clause 2.3 are satisfied (the “Commencement Date”). The Employment will
continue until termination in accordance with the provisions of this agreement.
	 
	2.2	 	The Executive warrants that he is not prevented from taking up the Employment or
from performing his duties in accordance with the terms of this agreement by any obligation or
duty owed to any other party, whether contractual or otherwise.
	 
	2.3	 	The commencement of the Employment is conditional upon the satisfaction of the
following conditions:

	 	2.3.1	 	the Executive undergoing a medical examination with a medical practitioner
nominated by the Company, the results of which are satisfactory to the Company;
	 
	 	2.3.2	 	the Executive having the right to live and work in the United Kingdom and
providing, and allowing the Company to retain, a copy of such evidence as may be
required to demonstrate that he has such a right; and

i

 

	 	2.3.3	 	completion of appropriate background checks, the results of which are
satisfactory to the Company.

	2.4	 	In the event that the conditions set out in clause 2.3 above are not satisfied, the
offer of the Employment will lapse.

	3	 	Appointment and Duties of the Executive

	3.1	 	The Executive will serve as Finance Director or in any other executive capacity as
the Executive and the Company may agree from time to time.

	3.2	 	The Executive will:

	 	3.2.1	 	devote the whole of his time, attention and skill to the Employment;
	 
	 	3.2.2	 	properly perform his duties and exercise his powers;
	 
	 	3.2.3	 	accept any offices or directorships as reasonably required by the Board;
	 
	 	3.2.4	 	comply with all rules and regulations issued by the Company as amended from
time to time, including without limitation, the Code of Employee Conduct and the
Standards of Ethical Business Conduct;
	 
	 	3.2.5	 	obey the directions of the Board; and
	 
	 	3.2.6	 	use his best endeavours to promote the interests and reputation of every Group Company.

	3.3	 	The Executive accepts that with his consent (which he will not unreasonably withhold or delay):

	 	3.3.1	 	the Company may require him to perform duties for any other Group Company
whether for the whole or part of his working time. In performing those duties clause
3.2.4 will apply as if references to the Company are to the appropriate Group Company.
The Company will remain responsible for the payments and benefits he is entitled to
receive under this agreement; and
	 
	 	3.3.2	 	the Company may appoint any other person to act jointly with him; and
	 
	 	3.3.3	 	the Company may transfer the Employment to any other Group Company.

	3.4	 	The Executive will keep the Board (and, where appropriate the board of directors of
any other Group Company) fully informed of his conduct of the business, finances or affairs of
the Company or any other Group Company in a prompt and timely manner. He will provide
information to the Board in writing if requested.
	 
	3.5	 	The Executive will promptly disclose to the Board full details of any wrongdoing by
any employee of any Group Company where that wrongdoing is material to that employee’s
employment by the relevant company or to the interests or reputation of any Group Company.
	 
	3.6	 	At any time during the Employment the Company may require the Executive to undergo
a medical examination by a medical practitioner appointed by the Company. The Executive
authorises that medical practitioner to disclose to the Company any report or test results
prepared or obtained as a result of that examination and to discuss with it any matters
arising out of the examination which are relevant to the Employment or which might prevent the
Executive properly performing the duties of the Employment.

ii

 

	3.7	 	The Executive is required to comply with the Company’s policies and procedures
which may be amended or introduced from time to time, these are available on the Company
intranet. If there is any conflict between those polices and this agreement, the terms of this
agreement shall prevail.

	4	 	Hours
	 
	4.1	 	The Executive will comply with the Company’s normal hours of work and will also
work any additional hours which may be reasonably necessary to perform his duties to the
satisfaction of the Board. He will not receive any further remuneration for any hours worked
in addition to the normal working hours.
	 
	4.2	 	The Executive and the Company agree that the Executive is a managing executive for the
purposes of the Working Time Regulations 1998 (the “Regulations”) and is able to determine the
duration of his working time himself. As such, the exemptions in Regulation 20 of the
Regulations will apply to the Employment.
	 
	 	 	The Executive agrees to keep records of his working hours as reasonably required by the
Company from time to time in order to comply with its obligations under the Regulations.

	5	 	Interests of the Executive

	5.1	 	The Executive will disclose promptly in writing to the Board all his interests (for
example, shareholdings or directorships) whether or not of a commercial or business nature
except his interests in any Group Company. The Executive’s interests at the date of this
agreement are set out in Schedule 1.
	 
	5.2	 	Subject to clause 5.3, during the Employment the Executive will not be directly or
indirectly engaged or concerned in the conduct of any activity which is similar to or competes
with any activity carried on by any Group Company (except as a representative of the Company
or with the written consent of the Board).
	 
	5.3	 	The Executive may not hold or be interested in investments which amount to more
than three per cent of the issued investments of any class of any one company whether or not
those investments are listed or quoted on any recognised Stock Exchange or dealt in on the
Alternative Investments Market.
	 
	5.4	 	The Executive will (and will procure that his spouse and dependent children) comply
with all rules of law, including Part V of the Criminal Justice Act 1993, the Model Code as
set out in the annex to Chapter 9 of the Listing Rules as amended from time to time and rules
or policies applicable to the Company from time to time in relation to the holding or trading
of securities.

	6	 	Location
	 
	6.1	 	The Executive will work at the principal office of the Company or anywhere else
within the United Kingdom required by the Board. He may be required to travel and work outside
the United Kingdom from time to time but, unless otherwise agreed with the Board, will not be
required to live outside the United Kingdom.

iii

 

	7	 	Base salary and Benefits
	 
	7.1	 	The Company will pay the Executive a base salary of £675,000 per annum. Base salary
will be paid in equal monthly instalments, partly in arrears and partly in advance, by bank
credit transfer on or about the 15th day of each month and will accrue from day to day. Base
salary will be reviewed annually. The review will usually take place in June, with the first
such review for the Executive being in June 2011.
	 
	7.2	 	The base salary referred to in clause 7.1 includes director’s fees from the Group
Companies and any other companies in which the Executive is required to accept a directorship
under the terms of this Employment. To achieve this:

	 	7.2.1	 	the Executive will repay any fees he receives to the Company; or
	 
	 	7.2.2	 	his base salary will be reduced by the amount of those fees; or
	 
	 	7.2.3	 	a combination of the methods set out in clauses 7.2.1 and 7.2.2 will be applied.

	7.3	 	The Executive may, at the discretion of the Remuneration Committee, be invited to
participate in any bonus plan operated by the Company and as introduced or amended from time
to time. If so invited, the Executive’s participation in such bonus plan and the amount (if
any) payable under it will be at the discretion of the Remuneration Committee and/or in
accordance with the rules of any such plan in force from time to time. Participation in a
bonus plan for one year does not entitle the Executive to participation in any bonus plan for
any other year.
	 
	7.4	 	The Company will provide a car for the Executive’s use in accordance with the rules
of the Company car scheme, as amended, from time to time.
	 
	7.5	 	The Company provides membership of the Defined Contribution section of the
Company’s pension scheme (the “Scheme”) subject to its trust deed and the rules of the Scheme
as amended from time to time.

	 	7.5.1	 	The Scheme is not contracted out of the second tier of the State Pension.
The Executive may choose to contract out using a personal pension and/or stakeholder
pension.
	 
	 	7.5.2	 	The minimum personal standard contribution by the Executive to the Scheme
is 2% of base salary. The Company will match this contribution on a 2:1 basis up to
certain limits, currently up to 10% of base salary, based upon the Executive making a
personal contribution of 5% of base salary. The contribution rate required from the
Executive and the contribution paid by the Company may be varied by the Company at any
time in accordance with the rules of the Scheme.
	 
	 	7.5.3	 	In addition, the Executive will receive a cash payment of up to 30% of base
salary less the Company contribution paid to the Scheme. Therefore, if the Executive
makes a personal contribution to the Scheme of 2% of base salary, the Company will make
a contribution of 4% of base salary to the Scheme and a cash payment of 26% of base
salary to the Executive. Any such cash payment will be in lieu of additional pension
benefits and will be paid in equal monthly instalments at the same time as the
Executive’s base salary is paid. This payment will be subject to any deductions the
Company is required to make.
	 
	 	7.5.4	 	The Executive can choose where his contributions are invested from the
range of available options set by the trustees of the Scheme.

iv

 

	 	7.5.5	 	For more information on the Scheme the Executive should refer to the
leaflet ‘An introductory guide to the Defined Contribution (DC) Section’.
	 
	 	7.5.6	 	The Scheme may be terminated or amended at any time in accordance with the
trust deed and rules or legislation that governs it. The Company is not required to
provide a replacement scheme or compensation if the Scheme or cash benefit in lieu of
the Scheme is terminated or amended.

	7.6	 	Subject to the arrangements regarding holiday which are set out at clause 7.9 below
and which take precedence, the Executive is eligible to participate in the Company’s flexible
benefits scheme as introduced or amended from time to time, currently “Your Flexible
Benefits”, which provides access
to a range of optional benefits. The Executive should note that some of the benefits
provided under the scheme may be taxable benefits. The Executive should note the range of
flexible benefits offered and the flexible benefits package itself does not form part of the
Executive’s contract of employment and the Company reserves the right, at any time, to
withdraw and/or amend the flexible benefits scheme and the benefits provided under it at its
absolute discretion.
	 
	7.7	 	If the Executive complies with any eligibility requirements or other conditions set
by the Company and any insurer appointed by the Company (“Insurer”), the Executive and his
spouse and children under 21 years of age who reside with the Executive or in full time
education up to the age of 24 may participate in the Company’s private health insurance
arrangements at the Company’s expense and subject to the terms of those arrangements in force
from time to time. The Company reserves the right at any time to withdraw this benefit or to
amend the terms upon which it is provided. The Executive understands and agrees that if the
Insurer fails or refuses to provide him with any benefit under the insurance arrangement
provided by the Company, the Executive will have no right of action against the Company in
respect of such failure or refusal.
	 
	7.8	 	The Executive is entitled to 28 days’ paid holiday each year (in addition to
English bank and other public holidays) subject to any election the Executive may choose to
make pursuant to the Company’s flexible benefits scheme. Any election the Executive may choose
to make pursuant to the Company’s flexible benefits scheme to increase his holiday entitlement
will be subject to prior Board or Chief Executive approval. All holiday must be taken at times
approved in advance by the Board or by the Chief Executive. The Executive’s holiday year
commences in the month of his birth and ends on the preceding month in the following year.
Holidays may not be carried forward from one holiday year to the next without the Board’s
prior approval. The Executive agrees the provisions of Regulations 15(1)-(4) inclusive of the
Regulations (dates on which leave is taken) do not apply to the Employment.
	 
	 	 	Holiday entitlement will accrue from day to day. For part years, the Executive’s holiday
entitlement for the year will be pro-rated to the length of his service in that year. The
Executive will be paid for any accrued holiday not taken at the Termination Date unless the
Employment is terminated for gross misconduct or in accordance with clause 11.6. The Company
may require the Executive to take any accrued holiday during any notice period. If on the
Termination Date the Executive has exceeded his accrued holiday entitlement, the excess may
be deducted from any sums due to him. The formula for calculating the amount of holiday due
to the Executive and any payments or repayments to be made is 1/260 of the Executive’s
annual base salary.

v

 

	7.9	 	The rules governing sickness absence are set out in the Company’s Sickness Absence
Policy which is available on the intranet. The Executive must comply with these rules. Without
prejudice to any right of the Company to terminate the Employment at any time pursuant to
clause 11, if the Executive is absent from work as a result of sickness or injury then
provided that the rules are complied with, the Executive shall be entitled to sick pay in
accordance with the rules of the Company sick pay scheme as detailed below:

	 	7.9.1	 	If the Executive has less than six months’ continuous service, an allowance
equal to base salary will be paid for a period of two weeks.
	 
	 	7.9.2	 	If the Executive has six months’ or more and less than twelve months’
continuous service:

	 	(i)	 	an allowance equal to base salary will be paid for a period of
one month;
	 
	 	(ii)	 	after the expiration of the one month period, an allowance
equal to half of base salary will be paid for a further period of two months.

	 	7.9.3	 	If the Executive has at least twelve months’ continuous service:

	 	(i)	 	an allowance equal to base salary will be paid for the first
six months of such absence;
	 
	 	(ii)	 	after the expiration of the six month period, an allowance
equal to half of base salary will be paid for a further period of up to six
months.

	 	7.9.4	 	The amount of any benefit which the Executive is entitled to claim during
that period of absence under any Social Security or National Insurance Scheme in
England and Wales and/or any scheme of which the Executive is a non-contributory member
by virtue of the Employment will be deducted from any base salary paid to him. The
Company will pay the Executive statutory sick pay under the Social Security
Contributions and Benefits Act 1992 (as amended) (“SSP”) and any base salary paid to
him will be deemed to include statutory sick pay. The Company reserves the right to
offset the amount of these benefits against base salary paid to the Executive even if
the Executive has not recovered them.
	 
	 	7.9.5	 	Any sick pay or allowances in excess of SSP paid after the end of the
periods referred to above is entirely at the Company’s discretion.

	7.10	 	If the Executive is absent from work due to sickness or injury which is caused by
the fault of another person, and as a consequence recovers from that person or another person
any sum representing compensation for loss of base salary under this agreement, the Executive
will repay to the Company any money it has paid to him as base salary in respect of the same
period of absence.
	 
	7.11	 	The Company will reimburse the Executive reasonable expenses (capped at £40,000
per annum) incurred in using a driver for home to office base location travel. This is a
taxable benefit. The expense will be reimbursed on a monthly basis and will be dependent upon
the Executive providing receipts or other documents as proof that he has incurred the expense.

	8	 	Expenses
	 
	8.1	 	The Company will refund to the Executive all reasonable expenses properly incurred
by him in performing his duties under this agreement, provided that these are incurred in

vi

 

	 	 	accordance with Company policy in force from time to time. The Company will require the
Executive to produce receipts or other documents as proof that he has incurred any expenses he
claims.
	 
	8.2	 	If the Executive is provided with a credit or charge card by the Company this must
normally be used for expenses which he incurs in performing the duties of the Employment. It
may be used for personal expenses only in exceptional circumstances.
	 
	9	 	Confidentiality
	 
	9.1	 	Without prejudice to the common law duties which he owes to the Company the
Executive agrees that he will not, except in the proper performance of his duties, copy, use
or disclose to any person any of the Company’s trade secrets or confidential information. This
restriction will continue to apply after the termination of the Employment without limit in
time but will not apply to trade secrets or confidential information which become public other
than through unauthorised disclosure by the Executive. The Executive will use his best
endeavours to prevent the unauthorised copying use or disclosure of such information.
	 
	 	 	For the purposes of this agreement, “trade secrets” and “confidential information” include
but will not be limited to technical data, know-how, information technology and know-how
relating to the Company, customer lists, pricing information, information relating to the
Company’s marketing and financial strategies, marketing materials, financial information and
any other information
concerning the affairs of the Company which is for the time being confidential, which the
Executive is told is confidential or which by its nature is obviously confidential and
whether such information is in written, oral, visual, electronic or any other form.
	 
	9.2	 	In the course of the Employment the Executive is likely to obtain trade secrets and
confidential information belonging or relating to other Group Companies and other persons. He
will treat such information as if it falls within the terms of clause 9.1 and clause 9.1 will
apply with any necessary amendments to such information. If requested to do so by the Company
the Executive will enter into an agreement with other Group Companies and any other persons in
the same terms as clause 9.1 with any amendments necessary to give effect to this provision.
	 
	9.3	 	Nothing in this agreement will prevent the Executive from making a “protected
disclosure” in accordance with the provisions of the Employment Rights Act 1996.
	 
	10	 	Intellectual Property Rights
	 
	 	 	For the purposes of this clause, “Intellectual Property” means patents, trade marks, service
marks, registered designs (including applications for and rights to apply for any of them),
inventions, unregistered design rights, logos, trade or business names, copyrights, database
rights, confidential information, knowhow and any similar rights in any country.

	10.1	 	The Executive acknowledges that (i) it is part of his normal duties to develop the
products and services of the Company; and (ii) because of the nature of his position he has a
special obligation to further the interests of the Company. All Intellectual Property which
the Executive develops or produces in the course of his employment duties, or outside such
duties but relating to the business of the Company, will be owned by the Company to the

vii

 

	 	 	fullest extent permitted by law. The Executive agrees, at the Company’s expense, to sign all
documents and carry out all such acts as will be necessary to vest such Intellectual Property
in the Company, and to obtain protection and enforce the Company’s rights anywhere in the
world. The Executive also hereby waives all moral rights in all Intellectual Property which
is owned by the Company, or will be owned by the Company, further to this clause. The
Executive will not copy, disclose or make use of any Intellectual Property belonging to the
Company (whether or not subject to this clause) except to the extent necessary for the proper
performance of his duties. Rights and obligations under this clause will continue after the
termination of this agreement in respect of all Intellectual Property arising during the
Employment.

	10.2	 	The Executive must disclose immediately to the Company any discovery or invention,
secret process or improvement in procedure made or discovered by the Executive during his
employment in connection with or in any way affecting or relating to the business of the
Company or any Group Company or capable of being used or adapted for use in or in connection
with any such company (“Inventions”) which Inventions will belong to and be the absolute
property of the Company or such other person, firm, company or organisation as the Company may
require.
	 
	10.3	 	If requested by the Board (whether during or after the termination of his
employment) the Executive will, at the expense of the Company, apply or join in applying for
letters patent or other similar protection in the United Kingdom or any other part of the
world for all Inventions and will do everything necessary (including executing documents) for
vesting letters patent or other similar protection when obtained; and all rights and title to
and interest in all Inventions in the Company absolutely and as sole beneficial owner or in
such other person, firm, company or organisation as the Company may require.
	 
	10.4	 	The Executive will (both during and after the termination of his employment) at
the Company’s expense anywhere in the world and at any time promptly do everything (including
executing documents) that may be required by the Board to defend or protect for the benefit of
the Company all Inventions and the right and title of the Company to them.
	 
	10.5	 	The provisions of clause 10.1 to 10.4 (inclusive) are without prejudice to the
provisions of the Patents Act 1977.
	 
	10.6	 	The entire copyright and all similar rights (including future copyright, the right
to register trade marks or service marks and the right to register designs and design rights)
throughout the world in works of any description produced by the Executive in the course of or
in connection with his employment (“Works”) will vest in and belong to the Company absolutely
throughout the world for the full periods of protection available in law including all
renewals and extensions.
	 
	10.7	 	The Executive will (both during and after the termination of his employment) at
the Company’s request and expense anywhere in the world and at any time promptly do everything
(including executing documents) that may be required by the Board to assure, defined or
protect the rights of the Company in all Works.
	 
	10.8	 	For the purposes of this clause 10 the Executive hereby irrevocably and
unconditionally waives in favour of the Company the moral rights conferred on the Executive by
Chapter IV Part 1 of the Copyright Designs and Patents Act 1988 in respect of any Inventions
or Works in which the copyright is vested in the Company under this clause 10 or otherwise.

viii

 

	10.9	 	The Executive will not make copies of any computer files belonging to any Group
Company or their service providers and will not introduce any of his own computer files into
any computer used by any Group Company in breach of any Group Company policy, unless he has
obtained the consent of the Board.
	 
	10.10	 	By entering into this agreement the Executive irrevocably appoints the Company to
act on his behalf to execute any document and do anything in his name for the purpose of
giving the Company (or its nominee) the full benefit of the provision of clause 10 or the
Company’s entitlement under statute. If there is any doubt as to whether such a document (or
other thing) has been carried out within the authority conferred by this clause 10.10, a
certificate in writing (signed by any director or the secretary of the Company) will be
sufficient to prove that the act or thing falls within that authority.
	 
	11	 	Termination and Suspension
	 
	11.1	 	The Employment will continue until terminated by either party giving written
notice as set out in clause 11.2.
	 
	11.2	 	Either party may terminate the Employment by giving not less than 12 months’
written notice to the other.
	 
	11.3	 	Notwithstanding the other provisions of this agreement and in particular clause
11.2, the Employment will terminate automatically on the Executive’s 65th birthday, subject
always to the Executive’s rights under the Employment Equality (Age) Regulations 2006.
	 
	11.4	 	The Company may at its sole and absolute discretion pay base salary alone (as
referred to in clause 7.1, at the rate in force at the time such payment is made) in lieu of
any unexpired period of notice (less any deductions the Company is required by law to make).
For the avoidance of doubt, the Executive is not entitled to participate in or benefit from
any severance, termination or redundancy plan operated by any member of the Group.
	 
	11.5	 	The Company may terminate the Employment by giving written notice to take
immediate effect whether or not the Executive’s entitlement to sick pay, contractual or
otherwise, has been exhausted if the Executive does not perform the duties of the Employment
for a period of 364 days (whether or not consecutive) in any period of 2 years. This notice
can be given whilst the Executive continues not to perform his duties or on expiry of the 364
day period. In this clause, ‘days’ includes Saturdays, Sundays and public holidays.
	 
	11.6	 	The Company may terminate the Employment by giving written notice to take
immediate effect if the Executive:

	 	11.6.1	 	has not performed his duties under this agreement to the standard required
by the Board; or
	 
	 	11.6.2	 	commits any serious or persistent breach of his obligations under this agreement; or
	 
	 	11.6.3	 	does not comply with any term of this agreement; or
	 
	 	11.6.4	 	does not comply with any lawful order or direction given to him by the Board; or
	 
	 	11.6.5	 	is guilty of any gross misconduct or conducts himself (whether in
connection with the Employment or not) in a way which is harmful to any Group Company;
or

ix

 

	 	11.6.6	 	is guilty of or confesses to dishonesty or is convicted of or confesses to
an offence (other than a motoring offence which does not result in imprisonment)
whether in connection with the Employment or not; or
	 
	 	11.6.7	 	commits (or is reasonably believed by the Board to have committed) a
breach of any legislation in force which may affect or relate to the business of any
Group Company; or
	 
	 	11.6.8	 	becomes of unsound mind, bankrupt or has a receiving order made against
him or makes any general composition with his creditors or takes advantage of any
statute affording relief for insolvent debtors; or
	 
	 	11.6.9	 	becomes disqualified from being a director of a company or the Executive’s
directorship of the Company terminates without the consent or concurrence of the
Company; or
	 
	 	11.6.10	 	fails to maintain or becomes disqualified from maintaining registration
with any regulatory body, membership of which is reasonably required by the Company for
the Executive to carry out his duties.

	11.7	 	Where the Company terminates the Employment by giving written notice to take
immediate effect in accordance with either clause 11.5 or 11.6, for the avoidance of doubt
there is no obligation to give notice as set out in clause 11.1 or any other period of notice
or to make any payment in lieu of notice.
	 
	11.8	 	The Executive will have no claim for damages or any other remedy against the
Company if the Employment is terminated for any of the reasons set out in clause 11.5 or 11.6.
	 
	11.9	 	When the Employment terminates the Company may deduct from any money due to the
Executive (including remuneration) any amount which he owes to any Group Company.
	 
	11.10	 	The Company may suspend the Executive from the Employment on full base salary at
any time, and for any reason for a reasonable period to investigate any matter in which the
Executive is implicated or involved (whether directly or indirectly) and to conduct any
related disciplinary proceedings.
	 
	12	 	Garden Leave
	 
	12.1	 	Neither the Company nor any Group Company is under any obligation to provide the
Executive with any work. At any time after notice to terminate the Employment is given by
either party under clause 11 above, or if the Executive resigns without giving due notice and
the Company does not accept his resignation, the Company may, at its absolute discretion,
require the Executive to take a period of absence called garden leave for a maximum period of
6 months (the “Garden Leave Period”). The provisions of this clause shall apply to any Garden
Leave Period.
	 
	12.2	 	The Company may require that the Executive will not, without prior written consent
of the Board, be employed or otherwise engaged in the conduct of any activity, whether or not
of a business nature during the Garden Leave Period. Further, if so requested by the Company,
the Executive will not:

	 	12.2.1	 	enter or attend the premises of the Company or any other Group Company; or

x

 

	 	12.2.2	 	contact or have any communication with any customer or client of the
Company or any other Group Company in relation to the business of the Company or any
other Group Company (other than purely social contact); or
	 
	 	12.2.3	 	contact or have any communication with any employee, officer, director,
agent or consultant of the Company or any other Group Company in relation to the
business of the Company or any other Group Company (other than purely social contact);
or
	 
	 	12.2.4	 	remain or become involved in any aspect of the business of the Company or
any other Group Company except as required by such companies; or
	 
	 	12.2.5	 	access the Company’s or any Group Company’s information technology
systems.

	12.3	 	The Company may require the Executive:

	 	12.3.1	 	to comply with the provisions of clause 15, save that he will not be
required to return any Company car during any Garden Leave Period; and
	 
	 	12.3.2	 	to immediately resign from any directorship, trusteeships or other offices
which he holds in the Company, any other Group Company or any other company where such
directorship or other office is held as a consequence or requirement of the Employment,
unless he is required to perform duties to which any such directorship, trusteeship or
other office relates in which case he may retain such directorships, trusteeships or
other offices while those duties are ongoing. The Executive hereby irrevocably appoints
the Company to be his attorney to execute any instrument and do anything in his name
and on his behalf to effect his resignation if he fails to do so in accordance with
this clause 12.3.2.

	12.4	 	During the Garden Leave Period, the Executive will be entitled to receive his base
salary and all contractual benefits in accordance with the terms of this agreement, save that
he will not accrue any bonuses or be entitled to receive any new grants or awards under any
long term incentive arrangements. Any unused holiday accrued at the commencement of the Garden
Leave Period and any holiday accrued during any such period will be deemed to be taken by the
Executive during the Garden Leave Period.
	 
	12.5	 	At the end of or at any time during the Garden Leave Period, the Company may, at
its sole and absolute discretion, pay the Executive base salary alone (as defined in clause
7.1) in lieu of the balance of any period of notice given by the Company or the Executive
(less any deductions the Company is required by law to make).
	 
	12.6	 	During the Garden Leave Period:

	 	12.6.1	 	the Executive shall provide such assistance as the Company or any Group
Company may require to effect an orderly handover of his responsibilities to any
individual or individuals appointed by the Company or any Group Company to take over
his role or responsibilities;
	 
	 	12.6.2	 	the Executive shall make himself available to deal with requests for
information, provide assistance, be available for meetings and to advise on matters
relating to work (unless the Company has agreed that the Executive may be unavailable
for a period); and
	 
	 	12.6.3	 	the Company may appoint another person to carry out his duties in
substitution for the Executive.

xi

 

	12.7	 	All duties of the Employment (whether express or implied), including without
limitation the Executive’s duties of fidelity, good faith and exclusive service, shall
continue throughout the Garden Leave Period save as expressly varied by this clause 12.
	 
	12.8	 	The Executive agrees that the exercise by the Company of its rights pursuant to
this clause 12 shall not entitle the Executive to claim that he has been constructively
dismissed.
	 
	13	 	Restrictions after Termination of Employment
	 
	13.1	 	In this clause:
	 
	 	 	“Prohibited Area” means the United Kingdom, New York State, Rhode Island, Massachusetts and
any other country in the world or US State in which the Company or any Group Company has
material business interests in the period of 12 months ending on the Relevant Date;
	 
	 	 	“Relevant Date” means the Termination Date or, if earlier, the date on which the Executive
commences any Garden Leave Period; and
	 
	 	 	“Restricted Period” means the period of 12 months less any Garden Leave Period commencing on
the Termination Date.
	 
	13.2	 	The Executive is likely to obtain trade secrets and confidential information and
personal knowledge of and influence over customers clients and employees of the Group during
the course of the Employment. To protect these interests of the Company, the Executive agrees
with the Company that he will be bound by the following covenants:

	 	13.2.1	 	during the Restricted Period and within the Prohibited Area he will not be
engaged in, employed in, act as a consultant to or agent for or carry on for his own
account or for any other person, whether directly or indirectly, (or be a director of
any company engaged in) any business which, by virtue of its location or otherwise, is
or is about to be in competition with any business of the Company or any other Group
Company being carried on by such company at the Relevant Date provided he was concerned
or involved with that business to a material extent at any time during the 12 months
prior to the Relevant Date; and
	 
	 	13.2.2	 	during the Restricted Period he will not (either on his own behalf or for
or with any other person, whether directly or indirectly), entice or try to entice away
from the Company or any other Group Company any person who was senior employee,
director, officer, agent, senior consultant or senior associate of such a company at
the Termination Date and who had been senior employee, director, officer, agent, senior
consultant or senior associate at any time during the six months prior to the Relevant
Date and with whom he had worked closely at any time during that period.

	13.3	 	Each of the paragraphs contained in clause 13.2 constitutes an entirely separate
and independent covenant. If any covenant is found to be invalid this will not affect the
validity or enforceability of any of the other covenants.
	 
	13.4	 	Following the Termination Date, the Executive will not represent himself as being
in any way connected with the businesses of the Company or of any other Group Company (except
to the extent agreed by such a company).

xii

 

	13.5	 	Any benefit given or deemed to be given by the Executive to any Group Company
under the terms of clause 13 is received and held on trust by the Company for the relevant
Group Company. The Executive will enter into appropriate restrictive covenants directly with
other Group Companies if asked to do so by the Company.
	 
	14	 	Offers on Liquidation
	 
	 	 	The Executive will have no claim against the Company if the Employment is terminated by
reason of liquidation in order to reconstruct or amalgamate the Company or by reason of any
reorganisation of the Company and the Executive is offered employment with the company
succeeding to the Company upon such liquidation or reorganisation and the new terms of
employment offered to the Executive are no less favourable to him than the terms of this
agreement.
	 
	15	 	Return of Company Property
	 
	15.1	 	At any time during the Employment (at the request of the Company) and in any event
when the Employment terminates, the Executive will immediately return to the Company:

	 	15.1.1	 	all documents and other materials (whether originals or copies) made or
compiled by or delivered to the Executive during the Employment and concerning all the
Group Companies. The Executive will not retain any copies of any materials or other
information; and
	 
	 	15.1.2	 	all other property belonging or relating to any of the Group Companies.

	15.2	 	When the Employment terminates the Executive will immediately return to the
Company any car provided to the Executive which is in the possession or under the control of
the Executive. The Company car must be returned in good condition (allowing for fair wear and
tear).
	 
	15.3	 	If the Executive commences Garden Leave in accordance with clause 12 he may be
required to comply with the provisions of clause 15.1.
	 
	16	 	Directorships
	 
	16.1	 	The Executive’s office as a director of the Company or any other Group Company is
subject to the Articles of Association of the relevant company (as amended from time to time).
If the provisions of this agreement conflict with the provisions of the Articles of
Association, the Articles of Association will prevail.
	 
	16.2	 	The Executive must promptly resign from any office held in any Group Company if he
is asked to do so by the Company.

	16.3	 	If the Executive does not resign as an officer of a Group Company, having been
requested to do so in accordance with clause 16.2, the Company will be appointed as his
attorney to effect his resignation. By entering into this agreement, the Executive irrevocably
appoints the Company as his
attorney to act on his behalf to execute any document or do anything in his name necessary
to effect his resignation in accordance with clause 16.2. If there is any doubt as to
whether such a document (or other thing) has been carried out within the authority conferred
by this clause 16.3, a certificate in writing (signed by any director or the

xiii

 

	 	 	secretary of
the Company) will be sufficient to prove the act or thing falls within that authority.

	16.4	 	The termination of any directorship or other office held by the Executive will not
terminate the Executive’s employment or amount to a breach of terms of this agreement by the
Company.
	 
	16.5	 	During the Employment the Executive will not do anything which could cause him to
be disqualified from continuing to act as a director of any Group Company.
	 
	16.6	 	The Executive must not resign his office as a director of any Group Company
without the agreement of the Company.
	 
	17	 	Notices
	 
	17.1	 	Any notices given under this agreement must be given by letter or fax. Notice to
the Company must be addressed to its registered office at the time the notice is given. Notice
to the Executive must be given to him personally or sent to his last known address.
	 
	17.2	 	Except for notices given by hand, notices given by post will be deemed to have
been given on the next working day after the day of posting and notices given by fax will be
deemed to have been given in the ordinary course of transmission.
	 
	18	 	Statutory Particulars
	 
	18.1	 	The written particulars of employment which the Executive is entitled to receive
under the provisions of Part I of the Employment Rights Act 1996 are set out below, insofar as
they are not set out elsewhere in this agreement.

	 	18.1.1	 	The Executive’s period of continuous employment began on the Commencement
Date and does not include any previous employment with any other employer.
	 
	 	18.1.2	 	The Company’s disciplinary rules and dismissal, disciplinary and grievance
procedures as set out in the Staff Handbook and as amended from time to time are
applicable to the Executive. The disciplinary rules are contractual. The dismissal,
disciplinary and grievance procedures are non-contractual.
	 
	 	18.1.3	 	The Company’s normal hours of work are 9.00am to 5.00pm Monday to Friday.
	 
	 	18.1.4	 	There are no terms and conditions relating to collective agreements or to
the requirement to work outside the United Kingdom.

	19	 	Data Protection Act 1998
	 
	19.1	 	For the purposes of the Data Protection Act 1998 (the “Act”) the Executive gives
his consent to the holding, processing and disclosure of personal data (including sensitive
data within the meaning of the Act) provided by the Executive to the Company for all purposes
relating to the performance of this agreement including, but not limited to:

	 	19.1.1	 	administering and maintaining personnel records;
	 
	 	19.1.2	 	paying and reviewing base salary and other remuneration and benefits;

xiv

 

	 	19.1.3	 	providing and administering benefits (including if relevant, pension, life
assurance, permanent health insurance and medical insurance);
	 
	 	19.1.4	 	undertaking performance appraisals and reviews;
	 
	 	19.1.5	 	maintaining sickness and other absence records;
	 
	 	19.1.6	 	taking decisions as to the Executive’s fitness for work;
	 
	 	19.1.7	 	providing references and information to future employers, and if
necessary, governmental and quasi-governmental bodies for social security and other
purposes, the Inland Revenue and the Contributions Agency;
	 
	 	19.1.8	 	providing information to future purchasers of the Company or of the
business in which the Executive works; and
	 
	 	19.1.9	 	transferring information concerning the Executive to a country or
territory outside the EEA.

	19.2	 	The Executive acknowledges that during his Employment he will have access to and
process, or authorise the processing of, personal data and sensitive personal data relating to
employees, customers and other individuals held and controlled by the Company. The Executive
agrees to comply with the terms of the Act in relation to such data and to abide by the
Company’s data protection policy issued and updated from time to time.
	 
	20	 	Contracts (Rights of Third Parties) Act 1999
	 
	20.1	 	To the extent permitted by law, no person other than the parties to this agreement
and the Group Companies shall have the right to enforce any term of this agreement under the
Contracts (Rights of Third Parties) Act 1999. For the avoidance of doubt, save as expressly
provided in this clause the application of the Contracts (Rights of Third Parties) Act 1999 is
specifically excluded from this agreement, although this does not affect any other right or
remedy of any third party which exists or is available other than under this Act.
	 
	21	 	Miscellaneous

	21.1	 	This agreement may be entered into in any number of counterparts, all of which
taken together shall constitute one and the same instrument. Any party may enter into this
agreement by executing any such counterpart.
	 
	21.2	 	This agreement may only be modified by the written agreement of the parties.
	 
	21.3	 	The Executive cannot assign this agreement to anyone else.
	 
	21.4	 	References in this agreement to rules, regulations, policies, handbooks or other
similar documents which supplement it, are referred to in it or describe any pensions or other
benefits arrangement are references to the versions or forms of the relevant documents as
amended or updated from time to time.
	 
	21.5	 	This agreement supersedes any previous written or oral agreement between the
parties in relation to the matters dealt with in it. It (together with the Company rules and
policies) contains the whole agreement between the parties relating to the Employment at the
date the agreement was entered into (except for those terms implied by law which cannot be
excluded by the agreement of the parties). The Executive acknowledges that he has not

xv

 

	 	 	been induced to enter into this agreement by any representation, warranty or undertaking not
expressly incorporated into it. The Executive agrees and acknowledges that his only rights and
remedies in relation to any representation, warranty or
undertaking made or given in connection with this agreement (unless such representation, warranty or undertaking was made fraudulently) will
be for breach of the terms of this agreement, to the exclusion of all other rights and remedies (including those in tort or arising under
statute).

	21.6	 	Neither party’s rights or powers under this agreement will be affected if:

	 	21.6.1	 	one party delays in enforcing any provision of this agreement; or
	 
	 	21.6.2	 	one party grants time to the other party.

	21.7	 	The Interpretation Act 1978 shall apply to this agreement in the same way as it
applies to an enactment.
	 
	21.8	 	References to any statutory provisions include any modifications or re-enactments
of those provisions.
	 
	21.9	 	Headings will be ignored in construing this agreement.
	 
	21.10	 	If either party agrees to waive his rights under a provision of this agreement,
that waiver will only be effective if it is in writing and it is signed by him. A party’s
agreement to waive any breach of any term or condition of this agreement will not be regarded
as a waiver of any subsequent breach of the same term or condition or a different term or
condition.
	 
	21.11	 	This agreement is governed by and will be interpreted in accordance with the laws
of England and Wales. Each of the parties submits to the exclusive jurisdiction of the English
Courts as regards any claim or matter arising under this agreement.

EXECUTED as a DEED

on behalf of National Grid plc by

	 	 	 

	 

	 	/s/ Helen Mahy
	 
	 	 
	 

	 	             Director
	 
	 	 
	in the presence of:
	 	 
	 
	 	 
	 

	 	/s/ Shirely Percy
	 
	 	 
	 

	 	             Witness

	 	 	 

	Name of Witness:

	 	Shirley Percy
	 
	 	 
	Address:

	 	49 Jedd Road,
	 
	 	 
	 

	 	London W12 9ED
	Occupation: Personal Assistant

xvi

 

	 	 	 	 	 

	EXECUTED as a DEED by

	ü

ý

þ
	 	 	/s/ Andrew Robert John Bonfield
	ANDREW ROBERT JOHN
	 	 	 
	BONFIELD
	 	 	 
	in the presence of:
	 	 	 	 
	 
	 	 	 	 
	Witness’s signature
	 	 	 	 

	 	 	 

	Name

	 	Kara Doyle
	Address

	 	Walnut Tree House
	 

	 	Green Street Green
	 

	 	Dartford, Kent DA2 8DP
	 
	 	 
	Occupation

	 	Personal Assistant

xvii

 

SCHEDULE 1

The Executive’s interests at the date of this Agreement

Non Executive Director of Kingfisher plc

xviiiexv4w2

Exhibit 4.2

TELEFLEX INCORPORATED

as Issuer

EACH OF THE GUARANTORS PARTY HERETO

as Guarantors

WELLS FARGO BANK, N.A.

as Trustee

 

Second Supplemental Indenture

Dated as of June 13, 2011

to the Indenture dated as

of

August 2, 2010

 

6.875% Senior Subordinated Notes due 2019

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	PAGE
	ARTICLE 1. DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

	 	 	1	 
	 
	 	 	 	 
	Section 1.01 Scope of Supplemental Indenture

	 	 	1	 
	Section 1.02 Definitions

	 	 	2	 
	 
	 	 	 	 
	ARTICLE 2. THE NOTES

	 	 	29	 
	 
	 	 	 	 
	Section 2.01 Title and Terms; Payments

	 	 	29	 
	Section 2.02 Book-Entry Provisions for Global Notes

	 	 	30	 
	Section 2.03 Repurchase and Cancellation

	 	 	31	 
	 
	 	 	 	 
	ARTICLE 3. REDEMPTION AND PREPAYMENT

	 	 	32	 
	 
	 	 	 	 
	Section 3.01 Effect of Notice of Redemption

	 	 	32	 
	Section 3.02 Optional Redemption

	 	 	32	 
	Section 3.03 Mandatory Redemption

	 	 	33	 
	Section 3.04 Offer to Purchase by Application of Excess Proceeds

	 	 	33	 
	 
	 	 	 	 
	ARTICLE 4. COVENANTS

	 	 	35	 
	 
	 	 	 	 
	Section 4.01 Reports

	 	 	35	 
	Section 4.02 Restricted Payments

	 	 	36	 
	Section 4.03 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries

	 	 	40	 
	Section 4.04 Incurrence of Indebtedness and Issuance of Preferred Stock

	 	 	41	 
	Section 4.05 Asset Sales

	 	 	45	 
	Section 4.06 Transactions with Affiliates

	 	 	47	 
	Section 4.07 Liens

	 	 	48	 
	Section 4.08 Offer to Repurchase Upon Change of Control

	 	 	49	 
	Section 4.09 No Layering of Debt

	 	 	50	 
	Section 4.10 Additional Note Guarantees

	 	 	50	 
	Section 4.11 Payments for Consent

	 	 	51	 
	Section 4.12 Designation of Restricted and Unrestricted Subsidiaries

	 	 	51	 
	Section 4.13 Changes in Covenants when Notes Are Rated Investment Grade

	 	 	51	 
	 
	 	 	 	 
	ARTICLE 5. SUCCESSORS

	 	 	52	 
	 
	 	 	 	 
	Section 5.01 Merger, Consolidation or Sale of Assets

	 	 	52	 
	Section 5.02 Successor Corporation Substituted

	 	 	53	 
	Section 5.03 Opinion of Counsel to Be Given to Trustee

	 	 	54	 
	 
	 	 	 	 
	ARTICLE 6. DEFAULT AND REMEDIES

	 	 	54	 
	 
	 	 	 	 
	Section 6.01 Events of Default

	 	 	54	 
	Section 6.02 Acceleration

	 	 	56	 
	Section 6.03 Other Remedies

	 	 	56	 
	Section 6.04 Waiver of Past Defaults

	 	 	56	 

i

 

	 	 	 	 	 
	 	 	PAGE
	Section 6.05 Control by Majority

	 	 	57	 
	Section 6.06 Limitation on Suits

	 	 	57	 
	Section 6.07 Collection Suit by Trustee

	 	 	57	 
	 
	 	 	 	 
	ARTICLE 7. LEGAL DEFEASANCE AND COVENANT DEFEASANCE

	 	 	58	 
	 
	 	 	 	 
	Section 7.01 Option to Effect Legal Defeasance or Covenant Defeasance

	 	 	58	 
	Section 7.02 Legal Defeasance and Discharge

	 	 	58	 
	Section 7.03 Covenant Defeasance

	 	 	58	 
	Section 7.04 Conditions to Legal or Covenant Defeasance

	 	 	59	 
	Section 7.05 Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions

	 	 	60	 
	Section 7.06 Repayment to Company

	 	 	60	 
	Section 7.07 Reinstatement

	 	 	61	 
	 
	 	 	 	 
	ARTICLE 8. SATISFACTION AND DISCHARGE

	 	 	61	 
	 
	 	 	 	 
	Section 8.01 Satisfaction and Discharge of the Supplemental Indenture

	 	 	61	 
	Section 8.02 Application of Trust Money

	 	 	62	 
	 
	 	 	 	 
	ARTICLE 9. NOTE GUARANTEES

	 	 	62	 
	 
	 	 	 	 
	Section 9.01 Guarantee

	 	 	62	 
	Section 9.02 Subordination of Note Guarantee

	 	 	62	 
	Section 9.03 Limitation on Guarantor Liability

	 	 	63	 
	Section 9.04 Execution and Delivery

	 	 	64	 
	Section 9.05 Guarantors May Consolidate, etc., on Certain Terms

	 	 	64	 
	Section 9.06 Releases

	 	 	65	 
	 
	 	 	 	 
	ARTICLE 10. SUPPLEMENTAL INDENTURES

	 	 	66	 
	 
	 	 	 	 
	Section 10.01 Supplemental Indentures Without Consent of Holders

	 	 	66	 
	Section 10.02 Supplemental Indentures With Consent of Holders

	 	 	66	 
	Section 10.03 Notice of Amendment or Supplement

	 	 	67	 
	 
	 	 	 	 
	ARTICLE 11. MISCELLANEOUS

	 	 	68	 
	 
	 	 	 	 
	Section 11.01 Governing Law

	 	 	68	 
	Section 11.02 No Security Interest Created

	 	 	68	 
	Section 11.03 Trust Indenture Act

	 	 	68	 
	Section 11.04 Benefits of Supplemental Indenture

	 	 	68	 
	Section 11.05 Calculations

	 	 	68	 
	Section 11.06 Effect of Headings and Table of Contents

	 	 	68	 
	Section 11.07 Execution in Counterparts

	 	 	68	 
	Section 11.08 Separability Clause

	 	 	68	 
	Section 11.09 Ratification of Original Indenture

	 	 	68	 
	Section 11.10 The Trustee

	 	 	69	 
	Section 11.11 No Recourse Against Others

	 	 	69	 
	 
	 	 	 	 
	ARTICLE 12. SUBORDINATION

	 	 	69	 

ii

 

	 	 	 	 	 
	 	 	PAGE
	Section 12.01 Agreement to Subordinate

	 	 	69	 
	Section 12.02 Liquidation; Dissolution; Bankruptcy

	 	 	69	 
	Section 12.03 Default on Designated Senior Debt

	 	 	69	 
	Section 12.04 Acceleration of Notes

	 	 	70	 
	Section 12.05 When Distribution Must Be Paid Over

	 	 	71	 
	Section 12.06 Notice by Company

	 	 	71	 
	Section 12.07 Subrogation

	 	 	71	 
	Section 12.08 Relative Rights

	 	 	71	 
	Section 12.09 Subordination May Not Be Impaired by Company

	 	 	72	 
	Section 12.10 Distribution or Notice to Representative or Holders of Senior Debt

	 	 	72	 
	Section 12.11 Rights of Trustee and Paying Agent

	 	 	72	 
	Section 12.12 Authorization to Effect Subordination; Filing Proof of Claim

	 	 	72	 
	Section 12.13 Reliance and Amendments

	 	 	73	 
	Section 12.14 No Waiver of Subordination Provisions

	 	 	73	 
	 
	 	 	 	 
	EXHIBIT
	 	 	 	 
	 
	 	 	 	 
	Exhibit A Form of Note

	 	 	A-1	 
	 
	 	 	 	 
	Exhibit B Form of Supplemental Indenture

	 	 	B-1	 

iii

 

     SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of June 13, 2011,
among Teleflex Incorporated, a Delaware corporation (the “Company”), the Guarantors listed on
Schedule A hereto (the “Guarantors”) and Wells Fargo Bank, N.A, (the “Trustee”) as trustee under
the Indenture dated as of August 2, 2010, between the Company and the Trustee (as amended or
supplemented from time to time in accordance with the terms thereof, the “Original Indenture”).

RECITALS OF THE COMPANY

     WHEREAS, the Company executed and delivered the Original Indenture to the Trustee to provide,
among other things, for the issuance, from time to time, of the Company’s unsecured Securities, in
an unlimited aggregate principal amount, in one or more series to be established by the Company
under, and authenticated and delivered as provided in, the Original Indenture;

     WHEREAS, Section 9.1(j) of the Original Indenture provides for the Company and the Trustee to
enter into supplemental indentures to the Original Indenture to establish the form and terms of
Securities of any series as contemplated by Section 2.1 of the Original Indenture;

     WHEREAS, the Board of Directors has duly adopted resolutions authorizing the Company to
execute and deliver this Supplemental Indenture;

     WHEREAS, pursuant to the terms of the Original Indenture, the Company desires to establish a
new series of its Securities to be known as its “6.875% Senior Subordinated Notes due 2019” (the
“Notes”), the form and substance of such Notes and the terms, provisions and conditions thereof to
be set forth as provided in the Original Indenture and this Supplemental Indenture;

     WHEREAS, the Form of Note, the certificate of authentication to be borne by each Note and the
Form of Assignment and Transfer contemplated under the terms of the Notes are to be substantially
in the forms hereinafter provided; and

     WHEREAS, the Company and the Guarantors have requested that the Trustee execute and deliver
this Supplemental Indenture.

     NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH, for and in consideration of the
premises and the purchases of the Notes by the Holders thereof, it is mutually agreed, for the
benefit of the Company and the Guarantors and the equal and proportionate benefit of all Holders of
the Notes, as follows:

ARTICLE 1.

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

Section 1.01 Scope of Supplemental Indenture.

     Unless otherwise stated, the terms and provisions contained in the Original Indenture shall
constitute, and are hereby expressly made, a part of this Supplemental Indenture and the Company,
the Guarantors and the Trustee, by their execution and delivery of this Supplemental Indenture,
expressly agree to such terms and provisions and to be bound thereby. Notwithstanding any of the
foregoing to the contrary, the provisions of this Supplemental Indenture shall supersede any
corresponding provisions in the Original Indenture, and to the extent any provision of the Original
Indenture conflicts with the express provisions of this Supplemental Indenture, the provisions of
this Supplemental Indenture shall govern and
be controlling. The changes, modifications and supplements to the Original Indenture effected
by this Supplemental Indenture shall be applicable only with respect to, and shall only govern the
terms of, the

1

 

Notes, which may be issued from time to time, and shall not apply to any other
Securities that may be issued under the Original Indenture unless a supplemental indenture with
respect to such other Securities specifically incorporates such changes, modifications and
supplements.

Section 1.02 Definitions.

     For all purposes of this Supplemental Indenture, except as otherwise expressly provided or
unless the context otherwise requires:

          (a) the terms defined in this Article 1 shall have the meanings assigned to them in
this Article 1 and include the plural as well as the singular;

          (b) all words, terms and phrases defined in the Original Indenture (but not
otherwise defined herein) shall have the same meanings as in the Original Indenture;

          (c) all other terms used herein that are defined in the Trust Indenture Act, either
directly or by reference therein, shall have the meanings assigned to them in the Trust Indenture
Act;

          (d) all accounting terms not otherwise defined herein shall have the meanings
assigned to them in accordance with generally accepted accounting principles, and, except as
otherwise herein expressly provided, the term “generally accepted accounting principles” with
respect to any computation required or permitted hereunder shall mean such accounting principles as
are generally accepted at the date of this instrument; and

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

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

          (1) Indebtedness of any other Person existing at the time such other Person is merged with or
into or became a Subsidiary of such specified Person, whether or not such Indebtedness is incurred
in connection with, or in contemplation of, such other Person merging with or into, or becoming a
Restricted Subsidiary of, such specified Person; and

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

     “Additional Notes” has the meaning specified in Section 2.01.

     “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For
purposes of this definition, “control,” as used with respect to any Person, means the possession,
directly or indirectly, of the power to direct or cause the direction of the management or policies
of such Person, whether through the ownership of voting securities, by agreement or otherwise. For
purposes of this definition, the terms “controlling,” “controlled by” and “under common control
with” have correlative meanings. No Person (other than the Company or any Subsidiary of the
Company) in whom a Securitization Subsidiary makes
an Investment in connection with a Qualified Securitization Facility will be deemed to be an
Affiliate of the Company or any of its Subsidiaries solely by reason of such Investment.

     “Affiliate Transaction” has the meaning specified in Section 4.06(a).

2

 

     “Agent Members” has the meaning specified in Section 2.02(a).

     “Applicable
Premium” means, with respect to any Note being redeemed
pursuant to Section 3.02(b) on any redemption date, the greater of:

          (1) 1.0% of the principal amount of the Note; or

          (2) the excess, if any, of:

          (a) the present value at such redemption date of (i) the redemption price of the
Note at June 1, 2015 (such redemption price being set forth in
the table appearing in Section 3.02(d))
plus (ii) all required interest payments due on the Note through June 1, 2015, (excluding accrued
but unpaid interest to the redemption date), computed using a discount rate equal to the Treasury
Rate as of such redemption date plus 50 basis points; over

          (b) the principal amount of the Note.

     “Asset Sale” means:

          (1) the sale, lease, conveyance or other disposition of any assets or rights by the Company or
any of the Company’s Restricted Subsidiaries; provided that the sale, lease, conveyance or other
disposition of all or substantially all of the assets of the Company and its Restricted
Subsidiaries taken as a whole will be governed by Section 4.08 and/or Section 5.01 and not by
Section 4.05; and

          (2) the issuance of Equity Interests by any of the Company’s Restricted Subsidiaries or the
sale by the Company or any of the Company’s Restricted Subsidiaries of Equity Interests in any of
the Company’s Subsidiaries (other than preferred stock of Restricted Subsidiaries issued in
compliance with Section 4.04).

     Notwithstanding the preceding, none of the following items will be deemed to be an Asset Sale:

          (1) any single transaction or series of related transactions that involves assets having a
Fair Market Value of less than $25.0 million;

          (2) to the extent allowable under Section 1031 of the Code, any exchange of like property
(excluding any boot thereon) for use in a Permitted Business;

          (3) the lease, assignment or sub-lease of any real or personal property in the ordinary course
of business;

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

          (5) any
financing transaction with respect to property built or acquired by
the Company or any of its Restricted Subsidiary after the date of this Supplemental Indenture, including any sale and
leaseback transactions and asset securitizations permitted by the Indenture;

          (6) the sale or discount of inventory, accounts receivable or notes receivable in the ordinary
course of business or the conversion of accounts receivable to notes receivable;

          (7) a transfer of assets between or among the Company and its Restricted Subsidiaries;

3

 

          (8) an issuance of Equity Interests by a Restricted Subsidiary of the Company to the Company
or to a Restricted Subsidiary of the Company;

          (9) the sale, lease or other transfer of products, services or accounts receivable in the
ordinary course of business and any sale or other disposition of damaged, worn-out, obsolete or no
longer used assets in the ordinary course of business (including the abandonment or other
disposition of intellectual property that is, in the reasonable judgment of the Company, no longer
economically practicable to maintain or useful in the conduct of the business of the Company and
its Restricted Subsidiaries taken as whole);

          (10) licenses and sublicenses by the Company or any of its Restricted Subsidiaries of software
or intellectual property or other intangibles in the ordinary course of business;

          (11) any surrender or waiver of contract rights or settlement, release, recovery on or
surrender of contract, tort or other claims in the ordinary course of business;

          (12) foreclosures, condemnation or similar proceedings affecting assets of the Company or any
of its Restricted Subsidiaries;

          (13) the granting of Liens not prohibited by Section 4.07;

          (14) the sale or other disposition of cash or Cash Equivalents or Investment Grade Securities;

          (15) a Restricted Payment permitted under Section 4.02 or a Permitted Investment;

          (16) the entry into, settlement or early termination of any Hedging Obligations;

          (17) the entry into, settlement or early termination of any Permitted Bond Hedge Transaction
and the entry into, settlement or early termination of any Permitted Warrant Transaction;

          (18) transfers or sales of (i) accounts receivable, participations therein or related assets
or (ii) Securitization Assets and related assets (or a fractional undivided interest therein), in
each case in connection with a Qualified Securitization Facility; and

          (19) sales or other dispositions by the Company or any of its Restricted Subsidiaries of
assets constituting in whole or in part its Aerospace segment (as defined in its condensed
consolidated financial statements for the three months ended March 27, 2011), or of Equity
Interests of any Restricted Subsidiary of the Company holding its Aerospace segment.

     “Asset Sale Offer” has the meaning specified in Section 3.04.

     “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief
of debtors.

     “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under
the Exchange Act, except that in calculating the beneficial ownership of any particular “person”
(as that term is used in Section 13(d)(3) of the Exchange Act), such “person” will be deemed to
have beneficial ownership of all securities that such “person” has the right to acquire by
conversion or exercise of other securities, whether such right is currently exercisable or is
exercisable only after the passage of time. The terms “Beneficially Owns” and “Beneficially Owned”
have a corresponding meaning.

4

 

     “Board of Directors” means:

          (1) with respect to a corporation, the board of directors of the corporation or any committee
thereof duly authorized to act on behalf of such board;

          (2) with respect to a partnership, the board of directors of the general partner of the
partnership;

          (3) with respect to a limited liability company, the managing member or members or any
controlling committee of managing members thereof; and

          (4) with respect to any other Person, the board or committee of such Person serving a similar
function.

     “Business Day” means, with respect to any Note, any day other than a Saturday, a Sunday or a
day on which the Federal Reserve Bank of New York is authorized or required by law or executive
order to close or to be closed.

     “Calculation
Date” has the meaning specified in the definition of
Fixed Charge Coverage Ratio.

     “Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or
other amounts under any lease of (or other arrangement conveying the right to use) real or personal
property, or a combination thereof, which obligations are required to be classified and accounted
for as capital leases on a balance sheet of such Person under GAAP, and the amount of such
obligations shall be the capitalized amount thereof determined in accordance with GAAP.

     “Capital Stock” means:

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

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

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

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

but excluding from
all of the foregoing any debt securities exchangeable or convertible into Capital Stock, whether or
not such debt securities include any right of participation with Capital Stock.

     “Captive Insurance Subsidiary” means any captive insurance company that is a Subsidiary of the
Company or any of its Restricted Subsidiaries.

     “Cash Equivalents” means:

          (1) United States dollars;

          (2) (a) pounds sterling or euros; (b) in the case of any Foreign Subsidiary that is a
Restricted Subsidiary, such local currencies held by it from time to time in the ordinary course
of business; and (c) the currency of any country that is a member of the Organization for Economic
Cooperation and Development;

5

 

          (3) securities issued or directly and fully guaranteed or insured by the United States
government or any agency or instrumentality of the United States government (provided that the full
faith and credit of the United States is pledged in support of those securities) having maturities
of not more than 24 months from the date of acquisition;

          (4) certificates of deposit and eurodollar time deposits with maturities of one year or less
from the date of acquisition, bankers’ acceptances with maturities not exceeding one year and
overnight bank deposits, in each case, with any lender party to a Credit Facility or with any
commercial bank having capital and surplus in excess of $500.0 million;

          (5) repurchase obligations with a term of not more than seven days for underlying securities
of the types described in clauses (3) and (4) above entered into with any financial institution
meeting the qualifications specified in clause (4) above;

          (6) commercial paper having one of the two highest ratings obtainable from Moody’s or S&P and,
in each case, maturing within 12 months after the date of acquisition;

          (7) marketable short-term money market and similar securities having a rating of at least P-2
or A-2 from either Moody’s or S&P, respectively (or, if at any time neither Moody’s nor S&P shall
be rating such obligations, an equivalent rating from another “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 a replacement agency) and in each case maturing within 24 months after the date
of creation or acquisition thereof;

          (8) readily marketable direct obligations issued by any state, commonwealth or territory of
the United States or any political subdivision or taxing authority thereof having an Investment
Grade Rating from either Moody’s or S&P with maturities of 12 months or less from the date of
acquisition; and

          (9) money market funds at least 95% of the assets of which constitute Cash Equivalents of the
kinds described in clauses (1) through (8) of this definition.

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

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

          (2) the consummation of any transaction (including, without limitation, any merger or
consolidation), the result of which is that any Person (including any “person” (as defined above))
becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of the
Company, measured by voting power rather than number of shares;

          (3) 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 is converted into or exchanged for
cash, securities or other property, other than any such transaction where:

6

 

          (a) the Voting Stock of the Company outstanding immediately prior to such
transaction is converted into or exchanged for the Voting Stock of such surviving or transferee
Person (or any direct or indirect parent thereof) immediately after giving effect to such
transaction; and

          (b) the holders of the Voting Stock of the Company immediately prior to such
transaction own, directly or indirectly, not less than a majority of the Voting Stock of the
Company or such surviving or transferee Person (or any direct or indirect parent thereof)
immediately after giving effect to such transaction; or

          (4) the first day on which a majority of the members of the Board of Directors (excluding
vacant seats) of the Company are not Continuing Directors.

     “Change of Control Offer” has the meaning assigned to that term in Section 4.08.

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

     “Company” has the meaning specified in the first paragraph of this Supplemental Indenture.

     “Consolidated EBITDA” means, with respect to any specified Person for any period, the
Consolidated Net Income of such Person for such period plus, without duplication, in each case to
the extent taken into account in computing such Consolidated Net Income:

          (1) provision for taxes based on income, profits or capital, including, without limitation,
state, franchise and similar taxes (such as the Pennsylvania capital tax) and foreign withholding
taxes of such Person and its Restricted Subsidiaries for such period; plus

          (2) the Fixed Charges of such Person and its Restricted Subsidiaries for such period; plus

          (3) any foreign currency translation losses (including losses related to currency
remeasurements of Indebtedness) of such Person and its Restricted Subsidiaries for such period;
plus

          (4) any extraordinary, non-recurring or unusual losses, charges or premiums including, but not
limited to, any expenses or charges related to any Equity Offering, incurrence of Indebtedness
permitted to be incurred under the Indenture, Permitted Investment, acquisition, restructuring,
integration (including, without limitation, the sale, closure or consolidation of facilities and
start-up costs related to new facilities), transition, executive recruiting, severance (including,
but not limited to, any severance payments related to management employment contracts), relocation
costs and curtailments or modifications to pension and post-retirement employee benefit plans,
recapitalization or the amendment, modification or refinancing of Indebtedness (including a
refinancing thereof) (whether or not successful) (for the avoidance of doubt, the losses, charges
and premiums identified in this clause
include, without limitation, those relating to the refinancing transactions undertaken by the
Company in August 2010, December 2010, February 2011 and March 2011, including the prepayment of
the Company’s Repaid Senior Notes and the related prepayment make-whole amounts, the Transaction
Costs, any future losses, charges or premiums associated with the prepayment and the related
prepayment make-whole amounts of any other refinancings undertaken in the future and any amounts
paid or charges

7

 

incurred in connection with the termination of the interest rate swap entered into
by the Company on October 1, 2007 in connection with the Credit Agreement or interest rate swaps
entered into in the future in connection with the Credit Facilities); plus

          (5) solely for the purpose of determining Consolidated EBITDA for the Fixed Charge Coverage
Ratio, any losses resulting from write-downs of purchase and lease commitments, write-downs of
excess, obsolete or unbalanced inventories; plus

          (6) depreciation, amortization (including amortization of intangibles and other assets but
excluding amortization of prepaid cash expenses that were paid in a prior period), any non-cash
compensation charges and expenses and other non-cash charges and expenses (including any asset
impairment charges or asset write-downs or write-offs but excluding any such non-cash charge or
expense to the extent that it represents an accrual of or reserve for cash charges or expenses in
any future period or amortization of a prepaid cash charge or expense that was paid in a prior
period) of such Person and its Restricted Subsidiaries for such period to the extent that such
depreciation, amortization and other non-cash charges or expenses were deducted in computing such
Consolidated Net Income; plus

          (7) to the extent actually reimbursed, expenses incurred to the extent covered by
indemnification provisions in any agreement in connection with any acquisition permitted under the
Indenture; plus

          (8) any contingent or deferred payments (including earn-out payments, non-compete payments and
consulting payments but excluding ongoing royalty payments) made in connection with any acquisition
permitted under the Indenture; plus

          (9) deferred financing fees and milestone payments in connection with any Investment or series
of related Investments permitted under the Indenture; plus

          (10) costs of surety bonds in connection with financing activities; plus

          (11) solely for the purpose of determining Consolidated EBITDA for the Fixed Charge Coverage
Ratio, the amount of net cost savings and operating expense reductions projected by the Company in
good faith to be realized as a result of specified actions taken or initiated (calculated on a pro
forma basis as though such cost savings and operating expense reductions had been realized on the
first day of such period), net of the amount of actual benefits realized during such period from
such actions; provided that such cost savings and operating expense reductions are (i) reasonably
identifiable and factually supportable and (ii) have been realized or are anticipated to be
realized within six months after the date of such actions; plus

          (12) any loss from discontinued operations and any loss on disposal of discontinued
operations; minus

          (13) any foreign currency translation gains (including gains related to currency
remeasurements of Indebtedness) of such Person and its Restricted Subsidiaries for such period;
minus

          (14) non-cash gains, other than the accrual of revenue in the ordinary course of business;
minus

          (15) any unusual or non-recurring gains for such period; minus

8

 

          (16) any income from discontinued operations and any gain on disposal of discontinued
operations,

in each case, on a consolidated basis and determined in accordance with GAAP.

     “Consolidated Indebtedness” means, with respect to any specified Person as of any date, the
sum, without duplication, of:

          (1) the total amount of Indebtedness of such Person and its Restricted Subsidiaries; plus

          (2) the total amount of Indebtedness of any other Person, to the extent that such Indebtedness
has been Guaranteed by, or is secured by a Lien on the assets of, the referent Person or one or
more of its Restricted Subsidiaries; plus

          (3) the aggregate liquidation value of all Disqualified Stock of such Person and all preferred
stock of Restricted Subsidiaries of such Person;

in each case, determined on a consolidated basis in accordance with GAAP (except as provided in the
definition of “Indebtedness”).

     “Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (1) the
Consolidated Indebtedness of the Company as of such date to (2) the Consolidated EBITDA of the
Company for the then most recently ended four full fiscal quarters for which internal financial
statements are available immediately preceding the date of determination, in each case with such
pro forma adjustments as are consistent with the pro forma adjustment provisions set forth in the
definition of “Fixed Charge Coverage Ratio;” provided, however, that for purposes of this
definition, whenever pro forma effect is to be given to an Investment, acquisition, disposition,
merger or consolidation, the pro forma calculations will be made in accordance with Regulation S-X
under the Securities Act, except that such calculations may take into account the reduction in net
costs and related adjustments that (i) were actually implemented within 12 months after the date of
such Investment, acquisition, disposition, merger or consolidation and prior to the date of
determination, (ii) are reasonably expected to be realized within 12 months after the date of
implementation and (iii) are supportable and quantifiable by the applicable underlying accounting
records.

     “Consolidated Net Income” means, with respect to any specified Person for any period, the
aggregate of the net income (loss) of such Person and its Restricted Subsidiaries for such period,
on a consolidated basis (excluding the net income (loss) of any Unrestricted Subsidiary of such
Person), determined in accordance with GAAP and without any reduction in respect of preferred stock
dividends; provided that:

          (1) all extraordinary losses and expenses and all gains and losses realized in connection with
any Asset Sale (without regard to the dollar limitation in the definition thereof) or other
disposition, disposition of securities or early extinguishment of Indebtedness, together with any
related provision for taxes on any such gain, will be excluded;

          (2) the net income and loss of any Person that is not a Restricted Subsidiary or that is
accounted for by the equity method of accounting will be included only to the extent of the amount
of
dividends or similar distributions paid in cash to the specified Person or a Restricted
Subsidiary of the Person;

          (3) solely for the purpose of determining the amount available for Restricted Payments under
Section 4.02(a)(3)(A) and Section 4.02(b)(16), the net income of any Restricted

9

 

Subsidiary for such
period will be excluded to the extent that the declaration or payment of dividends or similar
distributions by that Restricted Subsidiary of that net income is not at the date of determination
permitted without any prior governmental approval (that has not been obtained) or, directly or
indirectly, by operation of the terms of its charter or any agreement, instrument, judgment,
decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or
its stockholders;

          (4) the cumulative effect of a change in accounting principles will be excluded;

          (5) non-cash gains and losses attributable to movement in the mark-to-market valuation of (a)
Hedging Obligations pursuant to FASB Accounting Standards Codification Topic 815 —Derivatives and
Hedging, (b) Permitted Convertible Indebtedness and (c) any Permitted Convertible Indebtedness Call
Transaction, will be excluded;

          (6) any net unrealized gains or losses (after any offset) with respect to Hedging Obligations
will be excluded;

          (7) any amortization of deferred charges or debt discount resulting from the application of
FASB Accounting Standards Codification Topic 470-20—Debt—Debt with Conversion and Other Options
(formerly FASB Staff Position No. APB 14-1—Accounting for Convertible Debt Instruments That May Be
Settled in Cash Upon Conversion (Including Partial Cash Settlement)) will be excluded; and

          (8) accruals and reserves that are established within twelve months after the date of this
Supplemental Indenture that are so required to be established as a result of the Transactions in
accordance with GAAP will be excluded.

     “continuing” means, with respect to any Default or Event of Default, that such Default or
Event of Default has not been cured or waived.

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

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

          (2) was nominated for election or elected 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 or election.

     “Convertible Notes” means the Company’s 3.875% Convertible Senior Subordinated Notes due 2017
outstanding on the date of this Supplemental Indenture.

     “Corporate Trust Office” means the address of the Trustee specified in Section 12.2 of the
Original Indenture or such other address as to which the Trustee may give notice to the Company.

     “Covenant Defeasance” has the meaning specified in Section 7.03.

     “Credit Agreement” means that certain Credit Agreement, dated as of October 1, 2007, by and
among the Company, the guarantors party thereto, the lenders party thereto, JPMorgan Chase Bank,
N.A., as Administrative Agent and Collateral Agent and Bank of America, N.A., as Syndication Agent,
including any related notes, Guarantees, collateral documents, instruments and agreements executed
in

10

 

connection therewith, and, in each case, as amended, restated, modified, renewed, refunded,
replaced in any manner (whether upon or after termination or otherwise) or refinanced (including by
means of sales of debt securities to institutional investors) in whole or in part from time to
time.

     “Credit Facilities” means, one or more debt facilities (including, without limitation, the
Credit Agreement) or other financing arrangements (including, without limitation, commercial paper
facilities or indentures), in each case, providing for revolving credit loans, term loans,
receivables financing (including through the sale of receivables to such lenders or to special
purpose entities formed to borrow from such lenders against such receivables), letters of credit or
other indebtedness, including any notes, mortgages, guarantees, collateral documents, instruments
and agreements executed in connection therewith, in each case, as amended, supplemented, restated,
modified, renewed, refunded, replaced in any manner (whether upon or after termination or
otherwise) or refinanced (including by means of sales of debt securities) in whole or in part from
time to time, including any such replacement, refunding or refinancing facility or indenture that
increases the amount permitted to be borrowed thereunder or alters the maturity thereof (provided
that such increase in borrowings is permitted under Section 4.04 and, to the extent applicable,
Section 4.07) or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and
whether by the same or any other agent, lender or group of lenders.

     “Custodian” means the Trustee, as custodian with respect to the Notes (so long as the Notes
constitute Global Notes), or any successor entity.

     “Default” means any event that is, or with the passage of time or the giving of notice or both
would be, an Event of Default.

     “Depository” means initially The Depository Trust Company until a successor Depository shall
have become such pursuant to the applicable provisions of the Indenture, and thereafter
“Depository” shall mean such successor Depository.

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

     “Designated Senior Debt” means:

          (1) any Indebtedness outstanding under the Credit Agreement; and

          (2) any other Senior Debt the principal amount of which is $25.0 million or more and that has
been designated by the Company as “Designated Senior Debt.”

     “Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any
security into which it is convertible, or for which it is exchangeable, in each case, at the option
of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily
redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the
holder of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the
date on which the Notes mature; provided, that if such Capital
Stock is issued pursuant to any plan for the
benefit of employees of the Company or its
Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute
Disqualified Stock solely because it may be required to be repurchased by the Company or its
Subsidiaries in order to satisfy applicable statutory or regulatory obligations. Notwithstanding
the preceding sentence, any Capital Stock that would constitute Disqualified Stock solely because
the holders of the Capital Stock

11

 

have the right to require the Company to repurchase such Capital
Stock upon the occurrence of a change of control or an asset sale will not constitute Disqualified
Stock if the terms of such Capital Stock provide that the Company may not repurchase or redeem any
such Capital Stock pursuant to such provisions unless such repurchase or redemption complies with
Section 4.02. The amount of Disqualified Stock deemed to be outstanding at any time for purposes
of the Indenture will be the maximum amount that the Company and its Restricted Subsidiaries may
become obligated to pay upon the maturity of, or pursuant to any mandatory redemption provisions
of, such Disqualified Stock, exclusive of accrued dividends.

     “Domestic Subsidiary” means any Restricted Subsidiary of the Company that is, at the time of
determination, organized under the laws of the United States or any state of the United States or
the District of Columbia.

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

     “Equity Offering” means a public or private sale either (1) of Equity Interests of the Company
by the Company (other than Disqualified Stock and other than to a Subsidiary of the Company) or (2)
of Equity Interests of a direct or indirect parent entity of the Company (other than to the Company
or a Subsidiary of the Company) to the extent that the net proceeds therefrom are contributed to
the Common Equity capital of the Company.

     “Existing Indebtedness” means all Indebtedness of the Company and its Subsidiaries (other than
Indebtedness under the Credit Agreement) in existence on the date of this Supplemental Indenture,
until such amounts are repaid.

     “Event of Default” has the meaning specified in Section 6.01.

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

     “Excess Proceeds” has the meaning specified in Section 4.05(d).

     “Fair Market Value” means the value that would be paid by a willing buyer to an unaffiliated
willing seller in a transaction not involving distress or necessity of either party, determined in
good faith by the Board of Directors of the Company (unless otherwise
provided in this Supplemental Indenture).

     “Fall
Away Date” has the meaning specified in Section 4.13(b).

     “FASB” means Financial Accounting Standards Board.

     “Fixed Charge Coverage Ratio” means with respect to any specified Person for any period, the
ratio of the Consolidated EBITDA of such Person for such period to the Fixed Charges of such Person
for such period. In the event that the specified Person or any of its Restricted Subsidiaries
incurs, assumes, guarantees, repays, repurchases, redeems, defeases or otherwise discharges any
Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems
preferred stock subsequent to the commencement of the period for which the Fixed Charge Coverage
Ratio is being calculated and on or prior to the date on which the event for which the calculation
of the Fixed Charge Coverage Ratio is made (the
“Calculation Date”), then the Fixed Charge Coverage
Ratio will be calculated giving pro forma effect (as determined in good faith by the Company’s
chief financial officer) to such incurrence,
assumption, Guarantee, repayment, repurchase, redemption, defeasance or other discharge of
Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the application of
the proceeds therefrom, as if the same had occurred at the beginning of the applicable four-quarter
reference period.

12

 

     In addition, for purposes of calculating the Fixed Charge Coverage Ratio:

          (1) Investments, acquisitions, dispositions and mergers or consolidations that have been made
by the specified Person or any of its Restricted Subsidiaries, or any Person or any of its
Restricted Subsidiaries acquired by the specified Person or any of its Restricted Subsidiaries, and
including all related financing transactions and including increases in ownership of Restricted
Subsidiaries, during the four-quarter reference period or subsequent to such reference period and
on or prior to the Calculation Date, or that are to be made on the Calculation Date, will be given
pro forma effect (as determined in good faith by a responsible financial or accounting officer of
the Company) as if they had occurred on the first day of the four-quarter reference period;

          (2) the Consolidated EBITDA attributable to discontinued operations, as determined in
accordance with GAAP, and operations or businesses (and ownership interests therein) disposed of
prior to the Calculation Date, will be excluded;

          (3) the Fixed Charges attributable to discontinued operations, as determined in accordance
with GAAP, and operations or businesses (and ownership interests therein) disposed of prior to the
Calculation Date, will be excluded, but only to the extent that the obligations giving rise to such
Fixed Charges will not be obligations of the specified Person or any of its Restricted Subsidiaries
following the Calculation Date;

          (4) any Person that is a Restricted Subsidiary on the Calculation Date will be deemed to have
been a Restricted Subsidiary at all times during such four-quarter period;

          (5) any Person that is not a Restricted Subsidiary on the Calculation Date will be deemed not
to have been a Restricted Subsidiary at any time during such four-quarter period; and

          (6) if any Indebtedness bears a floating rate of interest, the interest expense on such
Indebtedness will be calculated as if the rate in effect on the Calculation Date had been the
applicable rate for the entire period (taking into account any Hedging Obligation applicable to
such Indebtedness if such Hedging Obligation has a remaining term as of the Calculation Date in
excess of 12 months).

     For purposes of this definition, whenever pro forma effect is to be given to an Investment,
acquisition, disposition and merger or consolidation, the pro forma calculations shall be (a) made
in good faith by a responsible financial or accounting officer of the Company (and may include, for
the avoidance of doubt, cost savings and operating expense reductions resulting from such
transaction which is being given pro forma effect that have been realized or are anticipated to be
realized within 12 months after the date of such transaction) or (b) determined in accordance with
Regulation S-X under the Securities Act.

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

          (1) (a) the consolidated interest expense of such Person and its Restricted Subsidiaries for
such period, to the extent such expense was deducted in computing Consolidated Net Income,
including, without limitation, amortization of debt issuance costs and original issue discount,
non-cash interest payments, (but excluding any non-cash interest expense attributable to the
movement in
the mark to market valuation of Hedging Obligations or other derivative instruments pursuant
to GAAP), the interest component of any deferred payment obligations, the interest component of all
payments associated with Capital Lease Obligations, commissions, discounts and other fees and
charges incurred in respect of letter of credit or bankers’ acceptance financings, commissions,
discounts, yield and other fees and charges (including interest) incurred in connection with any
Qualified Securitization Facility or any

13

 

other transaction pursuant to which the Company or any of
its Subsidiaries may sell, convey or otherwise transfer or grant a security interest in any
accounts receivable, Securitization Assets or related assets of the type specified in the
definition of “Qualified Securitization Facility,” and net of the effect of all payments made or
received pursuant to Hedging Obligations in respect of interest rates; plus

          (b) the consolidated interest expense of such Person and its Restricted Subsidiaries
that was capitalized during such period; plus

          (c) any interest on Indebtedness of another Person that is guaranteed by such Person
or one of its Restricted Subsidiaries or secured by a Lien on assets of such Person or one of its
Restricted Subsidiaries, whether or not such Guarantee or Lien is called upon; plus

          (d) all dividends, whether paid or accrued and whether or not in cash, on any series
of preferred stock of such Person or any of its Restricted Subsidiaries, other than dividends on
Equity Interests payable solely in Equity Interests of the Company (other than Disqualified Stock)
or to the Company or a Restricted Subsidiary of the Company; minus

          (2) (a) interest income of such Person and its Restricted Subsidiaries for such period; and

          (b) any amortization of deferred charges or debt discount resulting from the
application of FASB Accounting Standards Codification Topic 470-20—Debt—Debt with Conversion and
Other Options (formerly FASB Staff Position No. APB 14-1—Accounting for Convertible Debt
Instruments That May Be Settled in Cash Upon Conversion (Including Partial Cash Settlement)).

     “Foreign Subsidiary” means, with respect to any Person, any Restricted Subsidiary of such
Person that is not organized or existing under the laws of the United States, any state thereof or
the District of Columbia, and any Restricted Subsidiary of such Foreign Subsidiary

     “Form of Assignment and Transfer” means the “Form of Assignment and Transfer” attached as
Attachment 1 to the Form of Note attached hereto as Exhibit A.

     “GAAP” means generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of Certified Public
Accountants and statements and pronouncements of the Financial Accounting Standards Board or in
such other statements by such other entity as have been approved by a significant segment of the
accounting profession, which are in effect on the date of this Supplemental Indenture.

     “Global Note” means any Note that is a Global Security.

     “Guarantee” of or by any Person means any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other
obligation of any other Person (the “primary obligor”) in any manner, whether directly or
indirectly, and including any obligation of the guarantor, direct or indirect:

          (1) to purchase or pay (or advance or supply funds for the purchase or payment of) such
Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of)
any security for the payment thereof;

          (2) to purchase or lease property, securities or services for the purpose of assuring the
owner of such Indebtedness or other obligation of the payment thereof;

14

 

          (3) to maintain working capital, equity capital or any other financial statement condition or
liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or
other obligation; or

          (4) as an account party in respect of any letter of credit or letter of guaranty issued to
support such Indebtedness or obligation;

provided, that the term “Guarantee” will not include endorsements for collection or deposit in the
ordinary course of business. In any computation of the Indebtedness or other liabilities of the
obligor under any Guarantee, the Indebtedness or other obligations that are the subject of such
Guarantee will be assumed to be direct obligations of such obligor.

     “Guarantors”
means any Subsidiary of the Company that issues a Note Guarantee  by
executing this Supplemental Indenture in accordance
with the provisions of the Indenture or executes a supplemental
indenture in the form of Exhibit B hereto, and their respective successors and assigns, in each case,
until the Note Guarantee of such Person has been released in accordance with the provisions of the
Indenture.

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

          (1) interest rate swap agreements (whether from fixed to floating or from floating to fixed),
interest rate cap agreements and interest rate collar agreements;

          (2) other agreements or arrangements designed to manage interest rates or interest rate risk;
and

          (3) commodity swap agreement, commodity cap agreement, commodity collar agreement, foreign
exchange contract, currency swap agreement or any other agreements or arrangements designed to
protect such Person against fluctuations in, or providing for the transfer or mitigation of risks
related to, currency exchange rates or commodity prices, in each case, either generally or under
specific contingencies.

For the avoidance of doubt, any Permitted Convertible Indebtedness Call Transaction will not
constitute Hedging Obligations.

     “Holder” means a person in whose name a Note is registered.

     “incur” has the meaning specified in Section 4.04(a).

     “Immaterial Subsidiary” means, as of any date, any Restricted Subsidiary whose total assets,
as of that date, are less than $10.0 million; provided that (1) a Restricted Subsidiary will not be
considered to be an Immaterial Subsidiary if it, directly or indirectly, guarantees or otherwise
provides direct credit support for any other Indebtedness of the Company and (2) the aggregate
amount of total assets of all Immaterial Subsidiaries shall not at any time exceed 5.0% of the
consolidated assets of the Company and
its Subsidiaries, determined as of the end of the fiscal quarter most recently ended for which
financial statements are available.

     “Indebtedness” means, with respect to any specified Person, any indebtedness of such Person
(excluding accrued interest (other than accrued interest or interest paid in kind that has accreted
to the principal amount), accrued expenses and trade payables), whether or not contingent:

15

 

          (1) in respect of borrowed money;

          (2) evidenced by bonds, notes, debentures or similar instruments or letters of credit (or,
without duplication, reimbursement agreements in respect thereof);

          (3) in respect of bankers’ acceptances;

          (4) representing Capital Lease Obligations;

          (5) representing the balance deferred and unpaid of the purchase price of any property or
services due more than six months after such property is acquired or such services are completed,
other than any earn-out obligations until such obligation becomes a liability on the balance sheet
of such Person in accordance with GAAP; or

          (6) representing any Hedging Obligations,

if and to the extent any of the preceding items (other than undrawn letters of credit and Hedging
Obligations not required to appear as a liability upon a balance sheet of the specified Person)
would appear as a liability upon a balance sheet of the specified Person prepared in accordance
with GAAP. In addition, to the extent not otherwise included, the term “Indebtedness” includes all
Indebtedness of others secured by a Lien on any asset of the specified Person (whether or not such
Indebtedness is assumed by the specified Person) and, to the extent not otherwise included, the
Guarantee by the specified Person of any Indebtedness of any other Person. Indebtedness shall be
calculated without giving effect to the effects of FASB Accounting Standards Codification Topic
815— Derivatives and Hedging and FASB Accounting Standards Codification Topic 470-20—Debt—Debt
with Conversion and Other Options (formerly FASB Staff Position No. APB 14-1—Accounting for
Convertible Debt Instruments That May Be Settled in Cash Upon Conversion (Including Partial Cash
Settlement)) and related interpretations to the extent such effects would otherwise increase or
decrease an amount of Indebtedness for any purpose under the Indenture as a result of accounting
for any embedded derivatives created by the terms of such Indebtedness.

     The amount of any Indebtedness outstanding as of any date will be:

          (1) the accreted value of the Indebtedness, in the case of any Indebtedness issued with
original issue discount;

          (2) the principal amount of the Indebtedness, in the case of any other Indebtedness; and

          (3) in respect of Indebtedness of another Person secured by a Lien on the assets of the
specified Person, the lesser of:

               (a) the Fair Market Value of such assets at the date of determination; and

               (b) the amount of the Indebtedness of the other Person.

     Notwithstanding the foregoing, for the avoidance of doubt, obligations of any Person under a
Permitted Bond Hedge Transaction or a Permitted Warrant Transaction shall be deemed not to
constitute Indebtedness.

16

 

      “Indenture” means the Original Indenture, as originally executed and as supplemented from time
to time by one or more Indentures supplemental thereto, including this Supplemental Indenture,
entered into pursuant to the applicable provisions of the Indenture, including, for all purposes of
this instrument and any such Supplemental Indenture, the provisions of the Trust Indenture Act that
are deemed to be a part of and govern the Original Indenture, this Supplemental Indenture and any
other such Supplemental Indenture, respectively.

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

     “Initial Notes” has the meaning specified in Section 2.01.

     “Interest Payment Date” means, with respect to the payment of interest on the Notes, each June
1 and December 1 of each year.

     “Investment Grade” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s
and BBB- (or the equivalent) by S&P, or, if either such entity ceases to rate the Notes for reasons
outside of the control of the Company, the equivalent investment grade credit rating from any other
“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 a replacement agency.

     “Investment Grade Securities” means:

          (1) securities issued or directly and fully guaranteed or insured by the United States
government or any agency or instrumentality thereof (other than Cash Equivalents);

          (2) debt securities or debt instruments with an Investment Grade rating, but excluding any
debt securities or instruments constituting loans or advances among the Company and its
Subsidiaries;

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

          (4) corresponding instruments in countries other than the United States customarily utilized
for high quality investments.

     “Investments” means, with respect to any Person, all direct or indirect investments by such
Person in other Persons (including Affiliates) in the forms of loans (including Guarantees or other
obligations), advances or capital contributions (excluding commission, travel and similar advances
to officers and employees made in the ordinary course of business), purchases or other acquisitions
of Indebtedness, Equity Interests or other securities, together with all items that are or would be
classified as investments on a balance sheet prepared in accordance with GAAP. If the Company or
any Restricted Subsidiary of the Company sells or otherwise disposes of any Equity Interests of any
direct or indirect
Restricted Subsidiary of the Company such that, after giving effect to any such sale or
disposition, such Person is no longer a Restricted Subsidiary of the Company, the Company will be
deemed to have made an Investment on the date of any such sale or disposition equal to the Fair
Market Value of the Company’s Investments in such Subsidiary that were not sold or disposed of in
an amount determined as provided in Section 4.02(c). The acquisition by the Company or any
Restricted Subsidiary of the Company of a Person that holds an Investment in a third Person will be
deemed to be an Investment by

17

 

the Company or such Restricted Subsidiary in such third Person in an amount equal to the Fair
Market Value of the Investments held by the acquired Person in such third Person in an amount
determined as provided in Section 4.02(c). Except as otherwise provided in the Indenture, the
amount of an Investment will be determined at the time the Investment is made and without giving
effect to subsequent changes in value.

     “Issue Date” means, with respect to the Notes, June 13, 2011.

     “Legal Defeasance” has the meaning specified in Section 7.02.

     “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest
or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise
perfected under applicable law, including any conditional sale or other title retention agreement,
any lease in the nature thereof, any option or other agreement to sell or give a security interest
in and, except in connection with any Qualified Securitization Facility, any filing of or agreement
to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any
jurisdiction; provided, that in no event shall an operating lease be deemed to constitute a Lien.

     “Moody’s” means Moody’s Investors Service, Inc.

     “Net Proceeds” means the aggregate cash proceeds and Cash Equivalents received by the Company
or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation,
any cash or Cash Equivalents received upon the sale or other disposition of any Designated Non-Cash
Consideration received in any Asset Sale), net of the direct costs relating to such Asset Sale and
the sale or disposition of such Designated Non-Cash Consideration, including, without limitation,
legal, accounting and investment banking fees, and sales commissions, and any relocation expenses
incurred as a result of the Asset Sale, taxes paid or payable as a result of the Asset Sale, in
each case, after taking into account any available tax credits or deductions and any tax sharing
arrangements, amounts required to be applied to the repayment of principal, premium, if any, and
interest, if any, on Senior Debt required to be paid as a result of such transaction, and any
reserve for any liability, adjustment or indemnification obligations in respect of the sale price
of such asset or assets established in accordance with GAAP, including, but not limited to, pension
and other post-employment benefit liabilities and liabilities related to environmental matters or
against any indemnification obligations associated with such transaction.

     “Nonpayment Default” has the meaning specified in Section 12.03(a)(2).

     “Non-Recourse Debt” means Indebtedness as to which neither the Company nor any of its
Restricted Subsidiaries (1) provides credit support of any kind (including any undertaking,
agreement or instrument that would constitute Indebtedness) or (2) is directly or indirectly liable
as a guarantor or otherwise.

     “Note” or “Notes” has the meaning specified in the fourth paragraph of the recitals of this
Supplemental Indenture, and shall include any Additional Notes issued pursuant to Section 2.01.

     “Note Guarantee” means the Guarantee by each Guarantor of the Company’s obligations under the
Indenture and the Notes, evidenced by the execution of this Supplemental
Indenture  or a supplemental indenture in the form of Exhibit B
hereto by such Guarantor.

     “Obligations” means any principal, interest, penalties, fees, indemnifications,
reimbursements, damages and other liabilities payable under the documentation governing any
Indebtedness.

     “Offer Amount” has the meaning specified in Section 3.04.

18

 

     “Offer Period” has the meaning specified in Section 3.04.

     “Original Indenture” has the meaning specified in the first paragraph of this Supplemental
Indenture.

     “Outstanding” with respect to the Notes, has the meaning specified in Section 2.9 of the
Original Indenture with respect to Securities “outstanding,” as modified by Section 2.03.

     “Paying
Agent” has the meaning set forth in the Original Indenture, which shall initially be
the Trustee, and shall be the person authorized by the Company to pay the principal amount of,
and premium and  interest on, any Notes on behalf of the Company.

     “Payment Blockage Notice” has the meaning specified in Section 12.03(a)(2).

     “Payment Default” has the meaning specified in Section 12.03(a)(1).

     “Permitted Bond Hedge Transaction” means any call or capped call option (or substantively
equivalent derivative transaction) on the Company’s common stock purchased by the Company in
connection with an issuance of any Permitted Convertible Indebtedness; provided that the purchase
price for such Permitted Bond Hedge Transaction, less the proceeds received by the Company from the
sale of any related Permitted Warrant Transaction, does not exceed the net proceeds received by the
Company from the sale of such Permitted Convertible Indebtedness issued in connection with the
Permitted Bond Hedge Transaction.

     “Permitted Business” means any business that is the same as, or reasonably related, similar,
ancillary or complementary to, any of the businesses in which the Company and its Restricted
Subsidiaries are engaged on the date of this Supplemental Indenture.

     “Permitted Convertible Indebtedness” means (1) Indebtedness of the Company (which may be
Guaranteed by the Guarantors) permitted to be incurred under the terms of the Indenture that is
either (a) convertible into common stock of the Company (and cash in lieu of fractional shares)
and/or cash (in an amount determined by reference to the price of such common stock) or (b) sold as
units with call options, warrants or rights to purchase (or substantially equivalent derivative
transactions) that are exercisable for common stock of the Company and/or cash (in an amount
determined by reference to the price of such common stock); and (2) the Convertible Notes.

     “Permitted Convertible Indebtedness Call Transaction” means any Permitted Bond Hedge
Transaction and/or any Permitted Warrant Transaction.

     “Permitted Debt” has the meaning specified in Section 4.04(b).

     “Permitted Investments” means:

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

          (2) any Investment in cash or Cash Equivalents or Investment Grade Securities with a maturity
of 24 months or less from the date of purchase;

          (3) any Investment by the Company or any Restricted Subsidiary of the Company in a Person, if
as a result of such Investment:

19

 

          (a) such Person becomes a Restricted Subsidiary of the Company; or

          (b) such Person is merged, consolidated or amalgamated with or into, or
transfers or conveys substantially all of its assets to, or is liquidated into, the Company
or a Restricted Subsidiary of the Company;

          (4) any Investment made as a result of the receipt of non-cash consideration from an Asset
Sale that was made pursuant to and in compliance with Section 4.05;

          (5) any acquisition of assets or Capital Stock solely in exchange for the issuance of Equity
Interests (other than Disqualified Stock) of the Company;

          (6) (a) advances, loans or extensions of trade credit in the ordinary course of business by
the Company or any of its Restricted Subsidiaries, (b) Investments consisting of purchases and
acquisitions of inventory, supplies, material or equipment and (c) Investments received (i) in
compromise or resolution of obligations of trade creditors or customers that were incurred in the
ordinary course of business of the Company or any of its Restricted Subsidiaries, (ii) in exchange
for any other Investment or accounts receivable held by the Company or any Restricted Subsidiary in
connection with or pursuant to any bankruptcy, workout, plan of reorganization, recapitalization or
similar arrangement; or (ii) in connection with litigation, arbitration or other disputes or as a
result of foreclosure by the Company or any of its Restricted Subsidiaries with respect to any
secured Investment or other transfer or title to any secured Investment in default or otherwise
pursuant to the terms of the agreement governing such Investment or by operation of law;

          (7) Investments represented by Hedging Obligations;

          (8) loans or advances to, or guarantees of such loans or advances to, employees, former
employees, consultants or former consultants of the Company or any of its Restricted Subsidiaries
(or cancellation or forgiveness thereof) made in the ordinary course of business of the Company or
any Restricted Subsidiary of the Company in an aggregate principal amount not to exceed $5.0
million at any one time outstanding;

          (9) any guarantee of Indebtedness permitted to be incurred by Section 4.04;

          (10) any Investment existing on, or made pursuant to binding commitments existing on, the date
of this Supplemental Indenture and any Investment consisting of an extension, modification or
renewal of any Investment existing on, or made pursuant to a binding commitment existing on, the
date of this Supplemental Indenture; provided that the amount of any such Investment may be
increased (a) as required by the terms of such Investment as in existence on the date of this
Supplemental Indenture or (b) as otherwise permitted under the Indenture;

          (11) Investments acquired after the date of this Supplemental Indenture as a result of the
acquisition by the Company or any Restricted Subsidiary of the Company of another Person, including
by way of a merger, amalgamation or consolidation with or into the Company or any of its Restricted
Subsidiaries in a transaction that is not prohibited by Article 5 after the date of this
Supplemental Indenture to the extent that such Investments were not made in contemplation of such
acquisition, merger, amalgamation or consolidation and were in existence on the date of such
acquisition, merger, amalgamation or consolidation;

          (12) any Investments by the Company or a Subsidiary of the Company in a Securitization
Subsidiary or any Investment by a Securitization Subsidiary in any other Person that, in the

20

 

good faith determination of the Company, are necessary or advisable to effect any Qualified
Securitization Facility or any repurchase obligation in connection therewith;

          (13) any Investment made within 90 days after the date of the commitment to make the
Investment, that when such commitment was made, would have complied with the terms of the
Indenture;

          (14) Permitted Bond Hedge Transactions which constitute Investments;

          (15) Investments in any joint ventures or a Permitted Business in an amount outstanding not to
exceed, as of the date of such Investment, the greater of (a) $150.0 million or (b) 4.0% of Total
Assets (with the Fair Market Value of each Investment (other than any Investment consisting of a
guarantee) being measured at the time made and without giving effect
to subsequent changes in value);
provided, however, that if any Investment pursuant to this clause (15) is made in any Person that
is not a Restricted Subsidiary at the date of the making of such Investment and such Person becomes
a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been
made pursuant to clause (1) above and shall cease to have been made pursuant to this clause (15)
for so long as such Person continues to be a Restricted Subsidiary;

          (16) Investments in a Captive Insurance Subsidiary in an amount that does not exceed the
minimum amount of capital required under the laws of the jurisdiction in which such Captive
Insurance Subsidiary is formed plus the amount of any reasonable general corporate and overhead
expenses of such Captive Insurance Subsidiary, and any Investment by a Captive Insurance Subsidiary
that is a legal investment for an insurance company under the laws of the jurisdiction in which
such Captive Insurance Subsidiary is formed and made in the ordinary course of its business and
rated in one of the four highest rating categories;

          (17) any bonds, promissory notes or other securities (which may be either debt or equity
securities) received by the Company or any of its Subsidiaries issued as payment or settlement for
accounts receivables owing from an entity that is subject to a proceeding under any federal, state
or foreign bankruptcy, insolvency, receivership or similar law;

          (18) the funding of any pension plan of the Company or a Restricted Subsidiary of the Company,
which plan has been approved by the Board of Directors of the Company; and

          (19) other Investments in any Person having an aggregate Fair Market Value (measured on the
date each such Investment was made without giving effect to subsequent changes in value, but
reduced by any dividend, distribution, interest payment, return of capital, repayment or other
amount or value received in cash by the Company or any of its Restricted Subsidiaries in respect of
such Investment; provided that any such amount or value which reduces the aggregate Fair Market
Value of Investments outstanding pursuant to this clause (19) will be excluded for purposes of
calculating the amount of Restricted Payments that may be made pursuant to Section 4.02(a)(3)),
when taken together with all other Investments made pursuant to this clause (19) that are at the
time outstanding, not to exceed $150.0 million; provided, however, that if any Investment pursuant
to this clause (19) is made in any Person that is not a Restricted Subsidiary at the date of the
making of such Investment and such Person becomes a Restricted Subsidiary after such date, such
Investment shall thereafter be deemed to have been made pursuant to clause (1) above and shall
cease to have been made pursuant to this clause (19) for so long as such Person continues to be a
Restricted Subsidiary.

     “Permitted Junior Securities” means:

21

 

          (1) Equity Interests in the Company or any Guarantor; and

          (2) debt securities that are subordinated to all Senior Debt and any debt securities issued in
exchange for Senior Debt to substantially the same extent as, or to a greater extent than, the
Notes and the Note Guarantees are subordinated to Senior Debt under the Indenture.

     “Permitted Liens” means:

          (1) Liens on assets of the Company or any of its Restricted Subsidiaries securing Senior Debt
and/or Obligations with respect to Senior Debt;

          (2) Liens in favor of the Company or the Guarantors;

          (3) Liens on property, shares of stock or other assets of a Person existing at the time such
Person becomes a Restricted Subsidiary of the Company or is merged with or into or consolidated
with the Company or any Restricted Subsidiary of the Company; provided that such Liens were not
created or incurred in contemplation of such Person becoming a Restricted Subsidiary of the Company
or such merger or consolidation and do not extend to any assets other than those of the Person that
becomes a Restricted Subsidiary of the Company or is merged with or into or consolidated with the
Company or any Restricted Subsidiary of the Company;

          (4) Liens on property (including Capital Stock) or other assets existing at the time of
acquisition of such property or assets by the Company or any Subsidiary of the Company; provided
that such Liens were in existence prior to such acquisition and not incurred in contemplation of,
such acquisition;

          (5) Liens to secure the performance of statutory obligations, insurance, surety or appeal
bonds, workers compensation obligations, performance bonds or other obligations of a like nature
incurred in the ordinary course of business (including Liens to secure letters of credit issued to
assure payment of such obligations) and any Liens in favor of, or required by contracts with,
governmental entities;

          (6) Liens to secure Indebtedness represented by Capital Lease Obligations, mortgage financings
or purchase money obligations permitted to be incurred pursuant to Section 4.04(b)(4);

          (7) Liens existing on the date of this Supplemental Indenture;

          (8) Liens for taxes, assessments or governmental charges or claims that are not yet overdue
for a period of 30 days or that are being contested in good faith by appropriate proceedings
promptly instituted and diligently concluded; provided that any reserve or other appropriate
provision as is required in conformity with GAAP has been made therefor;

          (9) Liens imposed by law, such as carriers’, warehousemen’s, landlord’s and mechanics’ Liens,
in each case, incurred in the ordinary course of business;

          (10) survey exceptions, easements or reservations of, or rights of others for, licenses,
rights-of-way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or
zoning or other restrictions as to the use of real property that were not incurred in connection
with Indebtedness and that do not in the aggregate materially adversely affect the value of said
properties or materially impair their use in the operation of the business of such Person;

22

 

          (11) Liens created for the benefit of (or to secure) the Notes (or the Note Guarantees);

          (12) Liens to secure any Permitted Refinancing Indebtedness permitted to be incurred under the
Indenture; provided, however, that:

     (a) the new Lien is limited to all or part of the same property and assets that
secured or, under the written agreements pursuant to which the original Lien arose, could secure
the original Lien (plus improvements and accessions to, such property or proceeds or distributions
thereof); and

     (b) the Indebtedness secured by the new Lien is not increased to any amount greater
than the sum of (x) the outstanding principal amount, or, if greater, committed amount, of the
Indebtedness renewed, refunded, refinanced, replaced, defeased or discharged with such Permitted
Refinancing Indebtedness and (y) an amount necessary to pay any fees and expenses, including
premiums, related to such renewal, refunding, refinancing, replacement, defeasance or discharge;

          (13) Liens on insurance policies and proceeds thereof, or other deposits, to secure insurance
premium financings;

          (14) filing of Uniform Commercial Code financing statements as a precautionary measure in
connection with operating leases;

          (15) bankers’ Liens, rights of setoff, Liens arising out of judgments or awards not
constituting an Event of Default and notices of lis pendens and associated rights related to
litigation being contested in good faith by appropriate proceedings and for which adequate reserves
have been made;

          (16) Liens on cash, Cash Equivalents or other property arising in connection with the
defeasance, discharge or redemption of Indebtedness;

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

          (18) (a) leases, subleases, licenses or sublicenses granted to others in the ordinary course
of business which do not materially interfere with the ordinary conduct of the business of the
Company or any of its Restricted Subsidiaries and do not secure any Indebtedness and (b) grants of
grants of software and other technology licenses in the ordinary course of business;

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

          (20) Liens on assets transferred to a Securitization Subsidiary or on assets of a
Securitization Subsidiary, in either case, incurred in connection with a Qualified Securitization
Facility;

          (21) Liens securing Indebtedness of Foreign Subsidiaries that relate solely to the Equity
Interests or assets of Foreign Subsidiaries;

          (22) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of goods in the ordinary course of
business;

23

 

          (23) Liens (a) of a collection bank arising under Section 4-210 of the Uniform Commercial Code
on items in the course of collection, (b) attaching to commodity trading accounts or other
brokerage accounts incurred in the ordinary course of business, and (c) in favor of banking
institutions arising as a matter of law encumbering deposits (including the right of set-off);

          (24) Liens deemed to exist in connection with Investments in repurchase agreements permitted
under Section 4.04; provided that such Liens do not extend to any assets other than those that are
the subject of such repurchase agreement;

          (25) Liens that are contractual rights of set-off (a) relating to pooled deposit or sweep
accounts of the Company or any of its Restricted Subsidiaries to permit satisfaction of overdraft or
similar obligations incurred in the ordinary course of business of the Company and its Restricted
Subsidiaries or (b) relating to purchase orders and other agreements entered into with customers of
the Company or any of its Restricted Subsidiaries in the ordinary course of business;

          (26) Liens securing Hedging Obligations so long as related Indebtedness is, and is permitted
to be under the Indenture, secured by a Lien on the same property securing such Hedging
Obligations;

          (27) Liens on property at the time such Person or any of its Subsidiaries acquires the
property, including any acquisition by means of a merger or consolidation with or into such Person
or a Subsidiary of such Person; provided, however, that the Liens may not extend to any other
property owned by such Person or any of its Restricted Subsidiaries (other than assets and property
affixed or appurtenant thereto); and

          (28) Liens incurred in the ordinary course of business of the Company or any Restricted
Subsidiary of the Company with respect to obligations that do not exceed, as of any date of
incurrence, the greater of (a) $200.0 million or (b) 5.0% of Total Assets.

     “Permitted Refinancing Indebtedness” means any Indebtedness of the Company or any of its
Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to renew,
refund, refinance, replace, defease or discharge other Indebtedness of the Company or any of its
Restricted Subsidiaries (other than intercompany Indebtedness); provided that:

          (1) the principal amount (or accreted value, if applicable) of such Permitted Refinancing
Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the
Indebtedness renewed, refunded, refinanced, replaced, defeased or discharged (plus all accrued
interest on the Indebtedness and the amount of all fees, expenses and premiums (including tender
premiums), incurred in connection therewith); provided that, for the avoidance of doubt, in the
case of Permitted Convertible Indebtedness, the applicable amount shall be the face amount of such
Permitted Convertible Indebtedness;

          (2) such Permitted Refinancing Indebtedness has a final maturity date that is the same as or
later than the final maturity date of, and has a Weighted Average Life to Maturity that is (a)
equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being renewed,
refunded, refinanced, replaced, defeased or discharged or (b) more than 90 days after the final
maturity date of the Notes;

          (3) if the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged
is subordinated in right of payment to the Notes, such Permitted Refinancing Indebtedness is
subordinated in right of payment to the Notes on terms at least as favorable to the Holders of
Notes as

24

 

those contained in the documentation governing the Indebtedness being renewed, refunded,
refinanced, replaced, defeased or discharged; and

          (4) no Restricted Subsidiary that is not a Guarantor shall be an obligor with respect to such
Permitted Refinancing Indebtedness unless such non-Guarantor Restricted Subsidiary was an obligor
with respect to the Indebtedness being renewed, refunded, refinanced, replaced, defeased or
discharged.

     “Permitted Warrant Transaction” means any call option, warrant or right to purchase (or
substantively equivalent derivative transaction) on the Company’s common stock sold by the Company
substantially concurrently with any purchase by the Company of a related Permitted Bond Hedge
Transaction.

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

     “Physical Notes” means certificated Notes that are not in global form and are registered in
the name of the Holder and issued in denominations of $2,000 principal amount and integral
multiples of $1,000 in excess thereof.

     “Purchase Date” has the meaning specified in Section 3.04.

     “Qualified Securitization Facility” means any Securitization Facility (a) constituting a
securitization financing facility that meets the following conditions: (1) the Board of Directors
of the Company shall have determined in good faith that such Securitization Facility (including
financing terms, covenants, termination events and other provisions) is in the aggregate
economically fair and reasonable to the Company and the applicable Securitization Subsidiary, (2)
all sales and/or contributions of Securitization Assets and related assets to the applicable
Securitization Subsidiary are made at Fair Market Value (as determined in good faith by the
Company) and (3) the financing terms, covenants, termination events and other provisions thereof
shall be market terms (as determined in good faith by the Company) or (b) constituting a
receivables financing facility.

     “Qualifying Equity Interests” means Equity Interests of the Company other than (1)
Disqualified Stock and (2) options, warrants or rights to purchase Capital Stock (i) sold as units
with Indebtedness constituting Permitted Convertible Indebtedness or (ii) issued in a Permitted
Warrant Transaction.

     “Register” has the meaning specified in Section 2.4 of the Original Indenture with respect to
the register with respect to the Notes.

     “Regular Record Date” means, with respect to the payment of interest on the Notes, the May 15
(whether or not a Business Day) immediately preceding an Interest Payment Date on June 1 and the
November 15 (whether or not a Business Day) immediately preceding an Interest Payment Date on
December 1.

     “Repaid Note Purchase Agreements” means that certain note purchase agreement, dated as of July
8, 2004, by and among the Company and the purchasers thereto and that certain note purchase
agreement, dated as of October 1, 2007 among the Company and the purchasers thereto, with respect
to the Repaid Senior Notes as supplemented, amended, restated, extended, renewed, replaced or
otherwise modified from time to time prior to the date hereof.

25

 

     “Repaid Senior Notes” means, collectively, (1) the 6.66% Series 2004-1 Tranche A Senior Notes
due 2011 in an aggregate principal amount of $145.0 million, (2) the 7.14% Series 2004-1 Tranche B
Senior Notes due 2014 in an aggregate principal amount of $96.5 million, (3) the 7.46% Series
2004-1 Tranche C Senior Notes due 2016 in an aggregate principal amount of $90.1 million, (4) the
7.62% Series A Senior Notes due 2012, (5) the 7.94% Series B Senior Notes due 2014 and (6) the
Floating Rate Series C Senior Notes due 2012, each issued
pursuant to the applicable Repaid Note Purchase
Agreement.

     “Representative” means the Indenture trustee or other trustee, agent or representative for any
Senior Debt; provided that, if no Representative has been appointed under the instrument governing
any series of Senior Debt, any holder or group of holders of such series of Senior Debt certifying
that it holds a percentage of such series of Designated Senior Debt sufficient to cause the
acceleration thereof will be deemed a Representative.

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

     “Restricted
Payments” has the meaning specified in Section 4.02(a).

     “Restricted Subsidiary” of a Person means any Subsidiary of the referent Person that is not an
Unrestricted Subsidiary.

     “S&P” means Standard & Poor’s Ratings Group.

     “SEC” means the United States Securities and Exchange Commission.

     “Securitization Assets” means the accounts receivable, royalty or other revenue streams and
other rights to payment under a Qualified Securitization Facility that is a securitization
financing facility (and not a receivables financing facility) and the proceeds thereof.

     “Securitization Facility” means any of one or more receivables or securitization financing
facilities as amended, supplemented, modified, extended, renewed, restated or refunded from time to
time, the Obligations of which are non-recourse (except for customary representations, warranties,
covenants and indemnities made in connection with such facilities) to
the Company or any of its
Restricted Subsidiaries (other than a Securitization Subsidiary) pursuant to which the Company or
any of its Restricted Subsidiaries sells or grants a security interest in its accounts receivable
or Securitization Assets or assets related thereto to either (a) a Person that is not a Restricted
Subsidiary or (b) a Securitization Subsidiary that in turn sells its accounts receivable to a
Person that is not a Restricted Subsidiary.

     “Securitization Subsidiary” means any Subsidiary formed for the purpose of engaging in, and
that solely engages in, one or more Qualified Securitization Facilities and other activities
reasonably related thereto.

     “Senior Debt” means:

          (1) all Indebtedness of the Company or any Guarantor outstanding under Credit Facilities, all
Hedging Obligations, all Treasury Management Arrangements and all Obligations with respect to any
of the foregoing;

          (2) any other Indebtedness of the Company or any Guarantor permitted to be incurred under the
terms of the Indenture, unless the instrument under which such Indebtedness is incurred expressly
provides that it is on a parity with or subordinated in right of payment to the Notes or any Note
Guarantee; and

26

 

          (3) all Obligations with respect to the items listed in the preceding clauses (1) and (2).

     Notwithstanding anything to the contrary in the preceding, Senior Debt will not include:

          (1) the Notes or any Indebtedness of the Company under the Convertible Notes;

          (2) any liability for federal, state, local or other taxes owed or owing by the Company;

          (3) any intercompany Indebtedness of the Company or any of its Subsidiaries to the Company or
any of its Affiliates;

          (4) any Indebtedness incurred for the purchase of goods or materials or for services obtained
in the ordinary course of business (other than with the proceeds of revolving credit borrowings
permitted hereby); or

          (5) the portion of any Indebtedness that is incurred in violation of the Indenture; provided
that Indebtedness under a Credit Facility will not cease to be “Senior Debt” by virtue of this
clause (5) if it was advanced on the basis of an officers’ certificate to the effect that it was
permitted to be incurred under the Indenture; provided further, that such Indebtedness shall be
deemed not to have been incurred in violation of the Indenture for purposes of this clause if such
Indebtedness consists of Designated Senior Debt, and the holder(s) of such Indebtedness or their
agent or representative (a) had no actual knowledge at the time of incurrence that the incurrence
of such Indebtedness violated the Indenture and (b) shall have received an
Officers’ Certificate from the Company to the effect that the incurrence of such Indebtedness does not violate the
provisions of the Indenture.

     “Significant Subsidiary” means any Restricted Subsidiary that would be a “significant
subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the
Securities Act, as such Regulation is in effect on the date of this Supplemental Indenture.

     “Stated Maturity” means, with respect to any installment of interest or principal on any
series of Indebtedness, the date on which the payment of interest or principal was scheduled to be
paid in the documentation governing such Indebtedness as of the date of this Supplemental
Indenture, and will not include any contingent obligations to repay, redeem or repurchase any such
interest or principal prior to the date originally scheduled for the payment thereof.

     “Subsidiary” means, with respect to any specified Person:

          (1) any corporation, association or other business entity of which more than 50% of the total
voting power of shares of Capital Stock entitled (without regard to the occurrence of any
contingency and after giving effect to any voting agreement or stockholders’ agreement that
effectively transfers voting power) to vote in the election of directors, managers or trustees of
the corporation, association or other business entity is at the time owned or controlled, directly
or indirectly, by that Person or one or more of the other Subsidiaries of that Person (or a
combination thereof); and

          (2) any partnership or limited liability company of which (a) more than 50% of the capital
accounts, distribution rights, total equity and voting interests or general and limited partnership
interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or
more of the other Subsidiaries of that Person or a combination thereof, whether in the form of
membership,

27

 

general, special or limited partnership interests or otherwise, and (b) such Person or
any Subsidiary of such Person is a controlling general partner or otherwise controls such entity.

     “Successor
Company” has the meaning specified in Section 5.02.

     “Supplemental Indenture” has the meaning specified in the first paragraph hereof.

     “Total Assets” means the total assets of the Company and the Restricted Subsidiaries, as shown
on the most recent balance sheet of the Company for the then most recently ended fiscal quarter for
which internal financial statements are available immediately preceding the date of determination,
with such adjustments to Total Assets as are consistent with the pro forma adjustment provisions
set forth in the definition of “Fixed Charge Coverage Ratio.”

     “Transaction Costs” means the costs, fees, expenses and premiums associated with the
Transactions.

     “Transactions” means the issuance of the Notes offered hereby, the use of proceeds therefrom
as described under the caption “Use of Proceeds” in the prospectus supplement relating to the
Notes, dated June 8, 2011, and other transactions in connection therewith or incidental thereto.

     “Treasury Management Arrangement” means any agreement or other arrangement governing the
provision of treasury or cash management services, including deposit accounts, overdraft, credit or
debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check
concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade
finance services and other cash management services.

     “Treasury
Rate” means, as of any redemption date with respect to
any Note being redeemed pursuant to Section 3.02(d), the yield to maturity as of such redemption
date of United States Treasury securities with a constant maturity (as compiled and published in
the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available
at least two Business Days prior to the redemption date (or, if such Statistical Release is no
longer published, any publicly available source of similar market data)) most nearly equal to the
period from the redemption date to June 1, 2015; provided, however, that if the period from the
redemption date to June 1, 2015, is less than one year, the weekly average yield on actually traded
United States Treasury securities adjusted to a constant maturity of one year will be used.

     “Trustee” has the meaning set forth in the first paragraph of this Supplemental Indenture.

     “Unrestricted Subsidiary” means any Subsidiary of the Company that is designated by the Board
of Directors of the Company as an Unrestricted Subsidiary pursuant to a resolution of the Board of
Directors, but only to the extent that such Subsidiary:

          (1) has no Indebtedness other than Non-Recourse Debt;

          (2) except as permitted by Section 4.06, is not party to any agreement, contract, arrangement
or understanding with the Company or any Restricted Subsidiary of the Company unless the terms of
any such agreement, contract, arrangement or understanding are not materially less favorable to the
Company or such Restricted Subsidiary than those that might be obtained at the time from Persons
who are not Affiliates of the Company;

28

 

          (3) is a Person with respect to which neither the Company nor any of its Restricted
Subsidiaries has any direct or indirect obligation (a) to subscribe for additional Equity Interests
or (b) to maintain or preserve such Person’s financial condition or to cause such Person to achieve
any specified levels of operating results; and

          (4) has not guaranteed or otherwise directly or indirectly provided credit support for any
Indebtedness of the Company or any of its Restricted Subsidiaries.

     “U.S.” means the United States of America.

     “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 in the election of the Board of Directors of such Person.

     “Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the
number of years obtained by dividing:

          (1) the sum of the products obtained by multiplying (a) the amount of each then remaining
installment, sinking fund, serial maturity or other required payments of principal, including
payment at final maturity, in respect of the Indebtedness, by (b) the number of years (calculated
to the nearest one-twelfth) that will elapse between such date and the making of such payment; by

          (2) the then outstanding principal amount of such Indebtedness.

ARTICLE 2.

THE NOTES

Section 2.01 Title and Terms; Payments.

     There
is hereby established a series of Securities designated the “6.875% Senior Subordinated
Notes due 2019” initially limited in aggregate principal amount to $250,000,000, which amount shall
be as set forth in a Company Order for the authentication and delivery of Notes pursuant to Section
2.3 of the Original Indenture.

     The
principal amount of Notes then Outstanding shall be payable at the
Stated Maturity, which shall be June 1, 2019. Interest on the Notes shall accrue at a rate of 6.875% per annum, from the Issue Date or from the
most recent date on which interest has been paid or duly provided for, until the principal thereof
is paid or made available for payment. Interest shall be payable semi-annually in arrears on each
Interest Payment Date, beginning on December 1, 2011, to the person in whose name a Note is
registered on the Register at 5:00 p.m., New York City time, on the Regular Record Date immediately
preceding the applicable Interest Payment Date. Interest will be computed on the basis of a
360-day year composed of twelve 30-day months. The Notes will not have the benefit of Article XIII
of the Original Indenture.

     The Company may, at its election and without notice to or the consent of the Holders of the
Notes, hereafter issue additional Notes (“Additional Notes”) under the Indenture with the same
terms and with the same CUSIP numbers as the Notes issued on the date of this Supplemental
Indenture (the “Initial Notes”) in an unlimited aggregate principal amount (subject to Section 4.04
of this Supplemental Indenture). The Notes and such Additional Notes, if any, will be treated as a
single class for all purposes of the Indenture, including waivers,
amendments, redemptions and offers to
purchase; provided that, if any such Additional Notes subsequently issued are not fungible for U.S.
federal income tax purposes or securities
law purposes with any Notes previously issued, such Additional Notes shall trade separately from such

29

 

previously issued Notes under a separate CUSIP number but shall otherwise be treated as a
single class with all other Notes issued under the Indenture.

     The Form of Note shall be substantially as set forth in Exhibit A and the Form of Assignment
and Transfer shall be substantially as set forth in Attachment 1 to Exhibit A, each of which is
incorporated into and shall be deemed a part of this Supplemental Indenture, and in each case with
such appropriate insertions, omissions, substitutions and other variations as are required or
permitted by the Indenture, and may have such letters, numbers or other marks of identification and
such legends or endorsements placed thereon as may be required to comply with the rules of any
securities exchange or as may, consistently herewith, be determined to be necessary or appropriate
by the Officers of the Company executing such Notes, as evidenced by their execution of the Notes.

     The Company shall pay the principal of and interest on any Global Note in immediately
available funds to the Depository or its nominee, as the case may be, as the registered Holder of
such Global Note. The Company, through the Paying Agent, shall make all payments of principal,
premium, if any, and interest, if any, with respect to Physical Notes by wire transfer of
immediately available funds to the accounts specified by the Holders of the Physical Notes or, if
no such account is specified, by mailing a check to each such Holder’s registered address. The
Company has initially designated the Trustee as its Paying Agent and its Registrar in respect of
the Notes and its agency in New York City as a place where Notes may be presented for payment or
for registration of transfer. The Company may, however, change the Paying Agent or the Registrar
for the Notes without prior notice to the Holders thereof, and the Company or one of its
Subsidiaries may act as the Paying Agent or the Registrar for the Notes.

     A Holder may transfer or exchange Notes at the office of the Registrar in accordance with
Section 2.7 of the Original Indenture.

Section 2.02 Book-Entry Provisions for Global Notes

          (a) The Notes initially shall be issued in the form of one or more Global Notes
without interest coupons (i) registered in the name of Cede & Co., as nominee of the Depository and
(ii) delivered to the Trustee as custodian for the Depository.

     Members of, or participants in, the Depository (“Agent Members”) shall have no rights under
this Supplemental Indenture or the Original Indenture with respect to any Global Note held on their
behalf by the Depository, or the Trustee as its custodian, or under the Global Note, and Cede &
Co., or such other person designated by the Depository as its nominee, may be treated by the
Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of the
Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall
prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to
any written certification, proxy or other authorization furnished by the Depository or impair, as
between the Depository and its Agent Members, the operation of customary practices governing the
exercise of the rights of any Holder.

          (b) Transfers of Global Notes shall be limited to transfers in whole, but not in
part, to the Depository, its successors or their respective nominees. Notwithstanding anything to
the contrary in Section 2.7 of the Original Indenture, interests of beneficial owners in a Global
Note may be transferred or exchanged, in whole or in part, for Physical Notes, only if:

               (1) the Depository (a) notifies the Company that it is unwilling or unable to continue as
depositary for the Global Notes or (b) has ceased to be a clearing agency registered under the
Exchange Act and, in either case, the Company fails to appoint a successor depositary within 90
days of such event;

30

 

               (2) the Company, at its option, notifies the Trustee in writing that it elects to cause the
issuance of the Physical Notes; or

               (3) there has occurred and is continuing a Default or Event of Default with respect to the
Notes and the Depository requests such certification of the Global Note,

in each case in accordance with the rules and procedures of the Depository. Other than as set
forth in this Section 2.02(b), the Notes shall remain in global form as Global Notes.

          (c) In connection with any transfer or exchange of a portion of the beneficial
interest in the Global Note to beneficial owners pursuant to Section 2.7 of the Original Indenture,
as modified by this Section 2.02, the Registrar shall (if one or more Physical Notes are to be
issued) reflect on its books and records the date and a decrease in the principal amount of the
Global Note in an amount equal to the principal amount of the beneficial interest in the Global
Note to be transferred, and the Company shall execute, and the Trustee shall authenticate and
deliver, one or more Physical Notes of like tenor and amount in accordance with Section 2.7 of the
Original Indenture, as modified by this Section 2.02.

          (d) In connection with the transfer of the entire Global Note to beneficial owners
pursuant to Section 2.7 of the Original Indenture, as modified by this Section 2.02, the Global
Note shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall
execute, and the Trustee shall authenticate and deliver, to each beneficial owner identified by the
Depository in exchange for its beneficial interest in the Global Note, an equal aggregate principal
amount of Physical Notes of authorized denominations and the same tenor.

          (e) The Holder of Global Notes may grant proxies and otherwise authorize any person,
including Agent Members and persons that may hold interests through Agent Members, to take any
action that a Holder is entitled to take under this Supplemental Indenture, Original Indenture or
the Notes.

Section 2.02 Repurchase and Cancellation.

     To the extent permitted by law, the Company may at any time and from time to time repurchase
Notes in open market purchases or by tender at any price or in negotiated transactions without
giving prior notice to Holders. The Company shall surrender any Notes repurchased by the Company
to the Trustee for cancellation in accordance with Section 2.12 of the Original Indenture and any
such Notes repurchased by the Company shall be deemed to be no longer Outstanding. Any Notes
surrendered for cancellation by the Company shall not be reissued or resold.

ARTICLE 3.

REDEMPTION AND PREPAYMENT

Section 3.01 Effect of Notice of Redemption.

     Notwithstanding Section 3.4 of the Original Indenture, any notice of redemption may, at the
Company’s discretion, be subject to one or more conditions precedent, including, but not limited
to, completion of a sale of common stock or other corporate transaction. Once notice of redemption
is mailed in accordance with the Indenture, Notes called for redemption become irrevocably due and
payable on the redemption date at the redemption price, subject only to the satisfaction or waiver
of any conditions precedent.

31

 

Section 3.02 Optional Redemption.

          (a) At any time prior to June 1, 2014, the Company may on any one or more occasions
redeem up to 35% of the aggregate principal amount of Notes issued under this Supplemental
Indenture (including any Additional Notes), upon not less than 30 nor more than 60 days’ notice, at
a redemption price equal to 106.875% of the principal amount of the Notes redeemed, plus accrued
and unpaid interest, if any, to, but not including, the date of redemption (subject to the rights
of Holders of Notes on the relevant record date to receive interest on the relevant interest
payment date), with the net cash proceeds of an Equity Offering by the Company; provided that:

               (1) at least 65% of the aggregate principal amount of Notes originally issued under this
Supplemental Indenture (excluding Notes held by the Company and its Subsidiaries) remains
outstanding immediately after the occurrence of such redemption; and

               (2) the redemption occurs within 120 days of the date of the closing of such Equity Offering.

          (b) At any time prior to June 1, 2015, the Company may on any one or more occasions
redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’ notice, at a
redemption price equal to 100% of the principal amount of the Notes redeemed, plus the Applicable
Premium as of, and accrued and unpaid interest, if any, to, but not including, the date of
redemption, subject to the rights of Holders of Notes on the relevant record date to receive
interest due on the relevant interest payment date.

          (c) Except pursuant to Sections 3.02(a) and (b), the Notes will not be redeemable at
the Company’s option prior to June 1, 2015.

          (d) On or after June 1, 2015, the Company may on any one or more occasions redeem
all or a part of the Notes, upon not less than 30 nor more than 60 days’ notice, at the redemption
prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid
interest, if any, on the Notes redeemed, to, but not including, the applicable date of redemption,
if redeemed during the twelve-month period beginning on June 1 of the years indicated below,
subject to the rights of Holders of Notes on the relevant record date
to receive interest due on the
relevant interest payment date:

	 	 	 	 	 
	Year
	 	Percentage
	 
	2015
	 	 	103.438	%
	2016
	 	 	101.719	%
	2017 and thereafter
	 	 	100.000	%

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

     (e) If less than all of the Notes are to be redeemed at any time, the Trustee will
select Notes for redemption on a pro rata basis or, in the case of Global Notes, based on a method
that most nearly approximates a pro rata selection as the Trustee deems fair and appropriate)
unless otherwise required by law or applicable stock exchange or depositary requirements.

     (f) No Notes of $2,000 or less shall be redeemed in part.

32

 

     (g) Any redemption pursuant to this Section 3.02 shall be made pursuant to the
provisions of Sections 3.01 and 3.02 hereof and Sections 3.1, 3.3, 3.5 and 3.6 of the Original
Indenture.

Section 3.03 Mandatory Redemption.

     The Company is not required to make mandatory redemption or sinking fund payments with respect
to the Notes.

Section 3.04 Offer to Purchase by Application of Excess Proceeds.

     In the event that, pursuant to Section 4.05 hereof, the Company is required to commence an
offer to all Holders to purchase Notes (an “Asset Sale Offer”), it will follow the procedures
specified below.

     The Asset Sale Offer shall be made to all Holders and all holders of other Indebtedness that
is pari passu with the Notes containing provisions similar to those set forth in the Indenture with
respect to offers to purchase, prepay or redeem with the proceeds of sales of assets. The Asset
Sale Offer will remain open for a period of at least 20 Business Days following its commencement
and not more than 30 Business Days, except to the extent that a longer period is required by
applicable law (the “Offer Period”). No later than three Business Days after the termination of
the Offer Period (the “Purchase Date”), the Company will apply all Excess Proceeds (the “Offer
Amount”) to the purchase of Notes and such other pari passu Indebtedness (on a pro rata basis based
on the principal amount of Notes and such other pari passu Indebtedness surrendered, if applicable)
or, if less than the Offer Amount has been tendered, all Notes and other Indebtedness tendered in
response to the Asset Sale Offer. Payment for any Notes so purchased will be made in the same
manner as interest payments are made.

     If the Purchase Date is on or after an interest record date and on or before the related
interest payment date, any accrued and unpaid interest, if any, will be paid to the Person in whose
name a Note is registered at 5:00 p.m., New York City time, on such record date, and no additional interest
will be payable to Holders who tender Notes pursuant to the Asset Sale Offer.

     Upon the commencement of an Asset Sale Offer, the Company will send, by first class mail, a
notice to the Trustee and each of the Holders, with a copy to the Trustee. The notice will contain
all instructions and materials necessary to enable such Holders to tender Notes pursuant to the
Asset Sale Offer. The notice, which will govern the terms of the Asset Sale Offer, will state:

     (1) that the Asset Sale Offer is being made pursuant to this Section 3.04 and Section
4.05 hereof and the length of time the Asset Sale Offer will remain open;

     (2) the Offer Amount, the purchase price and the Purchase Date;

     (3) that any Note not tendered or accepted for payment will continue to accrue
interest;

     (4) that, unless the Company defaults in making such payment, any Note accepted for
payment pursuant to the Asset Sale Offer will cease to accrue interest after the Purchase
Date;

     (5) that Holders electing to have a Note purchased pursuant to an Asset Sale Offer may
elect to have Notes purchased in denominations of $2,000 or an integral multiple of $1,000
in excess thereof;

33

 

     (6) that Holders electing to have Notes purchased pursuant to any Asset Sale Offer will
be required to surrender the Note, with the form entitled “Option of Holder to Elect
Purchase” attached to the Notes completed, or transfer by book-entry transfer, to the
Company, a Depository, if appointed by the Company, or a Paying Agent at the address
specified in the notice at least three days before the Purchase Date;

     (7) that Holders will be entitled to withdraw their election if the Company, the
Depository or the Paying Agent, as the case may be, receives, not later than the expiration
of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the
name of the Holder, the principal amount of the Note the Holder delivered for purchase and a
statement that such Holder is withdrawing his election to have such Note purchased;

     (8) that, if the aggregate principal amount of Notes and other pari passu Indebtedness
surrendered by holders thereof exceeds the Offer Amount, the Company will select the Notes
and other pari passu Indebtedness to be purchased on a pro rata basis based on the principal
amount of Notes and such other pari passu Indebtedness surrendered (with such adjustments as
may be deemed appropriate by the Company so that only Notes in denominations of $2,000, or
an integral multiple of $1,000 in excess thereof, will be purchased); and

     (9) that Holders whose Notes were purchased only in part will be issued new Notes equal
in principal amount to the unpurchased portion of the Notes surrendered (or transferred by
book-entry transfer).

     On or before the Purchase Date, the Company will, to the extent lawful, accept for payment, on
a pro rata basis to the extent necessary, the Offer Amount of Notes or portions thereof tendered
pursuant to the Asset Sale Offer, or if less than the Offer Amount has been tendered, all Notes
tendered, and will deliver or cause to be delivered to the Trustee the Notes properly accepted
together with an Officers’ Certificate stating that such Notes or portions thereof were accepted
for payment by the Company in accordance with the terms of this Section 3.04. The Company, the
Depository or the Paying Agent, as the case may be, will promptly (but in any case not later than
five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the
purchase price of the Notes tendered by such Holder and accepted by the Company for purchase, and
the Company will promptly issue a new Note, and the Trustee, upon written request from the Company,
will authenticate and mail or deliver (or cause to be transferred by book entry) such new Note to
such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any
Note not so accepted shall be promptly mailed or delivered by the Company to the Holder thereof.
The Company will publicly announce the results of the Asset Sale Offer on the Purchase Date.

ARTICLE 4.

COVENANTS

Section 4.01 Reports.

          The provisions in Section 4.4 of the Original Indenture shall not apply with respect to the
Notes, and this Section 4.01 supersedes the entirety thereof.

          (a) Whether or not required by the rules and regulations of the SEC, so long as any
Notes are outstanding, the Company will furnish to the Holders of Notes or cause the Trustee to
furnish to the Holders of Notes (giving effect to any grace period provided by Rule 12b-25 under
the Exchange Act), within the time periods specified in the SEC’s rules and regulations:

34

 

               (1) all quarterly and annual reports that would be required to be filed with the SEC on Forms
10-Q and 10-K if the Company were required to file reports, including a “Management’s Discussion
and Analysis of Financial Condition and Results of Operations” and, with respect to the annual
information only, a report thereon by the Company’s certified independent accountants; and

               (2) all current reports that would be required to be filed with the SEC on Form 8-K if the
Company were required to file such reports.

All such reports will be prepared in all material respects in accordance with all of the rules and
regulations applicable to such reports. In addition, the Company will file a copy of each of the
reports referred to in clauses (1) and (2) above with the SEC for public availability within the
time periods) giving effect to any grace period provided by Rule 12b-25 under the Exchange Act)
specified in the rules and regulations applicable to such reports (unless the SEC will not accept
such a filing) and will post the reports on its website within those time periods. The Company will
at all times comply with TIA §314(a).

          (b) For purposes of this Section 4.01, reports filed by the Company with the SEC via
the EDGAR system will be deemed to be furnished to the Holders as of the time such reports are
filed with EDGAR. If, at any time, the Company is no longer subject to the periodic reporting
requirements of the Exchange Act for any reason, the Company will nevertheless continue filing the
reports specified in Section 4.01(a) with the SEC within the time periods specified above unless
the SEC will not accept such a filing. The Company will not take any action for the purpose of
causing the SEC not to accept any such filings. If, notwithstanding the foregoing, the SEC will
not accept the Company’s filings for any reason, the Company will post the reports referred to in
Section 4.01(a) on its website within the time periods that would apply if the Company were
required to file those reports with the SEC.

          (c) If the Company has designated any of its Subsidiaries as Unrestricted
Subsidiaries and such Unrestricted Subsidiaries, either individually or collectively, would
otherwise have been a Significant Subsidiary, then the quarterly and annual financial information
required by Section 4.01(a) will include a reasonably detailed presentation in Management’s
Discussion and Analysis of Financial Condition and Results of Operations of the financial condition
and results of operations of the Company and its Restricted Subsidiaries separate from the
financial condition and results of operations of the Unrestricted Subsidiaries of the Company.

          (d) If any direct or indirect parent company of the Company becomes a Guarantor, the
Company may satisfy its obligations in this Section 4.01 with respect to financial information
relating to the Company by furnishing financial information relating to such other parent
Guarantor; provided that the same is accompanied by consolidating information that explains in
reasonable detail the differences between the information relating to such parent Guarantor, on the
one hand, and the information relating to the Company and its Subsidiaries on a standalone basis,
on the other hand.

     In addition, the Company and the Guarantors agree that, for so long as any Notes remain
outstanding, if at any time they are not required to file with the SEC the reports required by this
Section 4.01, they will furnish to the Holders of Notes and prospective investors, upon their
request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities
Act.

Section 4.02 Restricted Payments

          (a) The Company will not, and will not permit any of its Restricted Subsidiaries to,
directly or indirectly:

35

 

          (w) declare or pay any dividend or make any other payment or distribution on account of the
Company’s or any of its Restricted Subsidiaries’ Equity Interests (including, without limitation,
any payment in connection with any merger or consolidation involving the Company or any of its
Restricted Subsidiaries) other than:

                    (A) dividends or distributions payable in Equity Interests (other than Disqualified
Stock) of the Company; and

                    (B) dividends or distributions (including, for the purposes of this clause (w)(B),
loans, capital contributions, premium reductions, reductions of capital and returns of capital)
payable to the Company or a Restricted Subsidiary of the Company (including, for the avoidance of
doubt, dividends or distributions issued by a Restricted Subsidiary of the Company);

          (x) purchase, redeem or otherwise acquire or retire for value (including, without limitation,
in connection with any merger or consolidation involving the Company) any Equity Interests of the
Company or any direct or indirect parent of the Company;

          (y) make any payment on or with respect to, or purchase, redeem, defease or otherwise acquire
or retire for value any Indebtedness of the Company or any Guarantor that is contractually
subordinated to the Notes or to any Note Guarantee (excluding any intercompany Indebtedness between
or among the Company and any of its Restricted Subsidiaries), except a payment of interest,
payments in satisfaction of a sinking fund obligation or principal at the Stated Maturity thereof;
or

          (z) make any Restricted Investment

(all such payments and other actions set forth in these clauses (w) through (z) above being
collectively referred to as “Restricted Payments”),

unless, at the time of and after giving effect to such Restricted Payment:

               (1) no Default or Event of Default has occurred and is continuing or would occur as a
consequence of such Restricted Payment;

               (2) the Company would, at the time of such Restricted Payment and after giving pro forma
effect thereto as if such Restricted Payment had been made at the beginning of the applicable
four-quarter period, have been permitted to incur at least $1.00 of additional Indebtedness
pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.04(a); and

               (3) such Restricted Payment, together with the aggregate amount of all other Restricted
Payments made by the Company and its Restricted Subsidiaries since the date of this Supplemental
Indenture (excluding Restricted Payments permitted by clauses (2), (3), (4), (5), (6), (7), (8),
(9), (10), (11), (13), (14), (15) and (16) of Section 4.02(b)), is less than the sum, without
duplication, of:

                    (A) 50% of the Consolidated Net Income of the Company for the period (taken as one
accounting period) from March 27, 2011 to the end of the Company’s most recently ended fiscal
quarter for which internal financial statements are available at the time of such Restricted
Payment (or, if such Consolidated Net Income for such period is a deficit, less 100% of such
deficit); plus

36

 

                    (B) 100% of the aggregate net cash proceeds and the Fair Market Value of marketable
securities received by the Company as a contribution to its Common Equity capital or from the issue
or sale of Qualifying Equity Interests of the Company since the date of this Supplemental Indenture
or from the issue or sale of convertible or exchangeable Disqualified Stock of the Company or
convertible or exchangeable debt securities of the Company (whether issued or sold before or after
the date of this Supplemental Indenture), in each case that have been converted into or exchanged
for Qualifying Equity Interests of the Company after the date of this Supplemental Indenture
(other than Qualifying Equity Interests and convertible or exchangeable Disqualified Stock or debt
securities sold to a Subsidiary of the Company); plus

                    (C) 100% of the aggregate net cash proceeds and the Fair Market Value of marketable
securities or other property received by the Company after the date of this Supplemental Indenture
by means of: (i) the sale or other disposition (other than to
the Company or one of its Restricted
Subsidiaries) of Restricted Investments made by the Company or its Restricted Subsidiaries and
repurchases and redemptions of such Restricted Investments from the Company or its Restricted
Subsidiaries and repayments of loans or advances, and releases of guarantees, which constituted
Restricted Investments by the Company or its Restricted Subsidiaries, in each case after the date
of this Supplemental Indenture, (ii) the sale (other than to the
Company or one of its Restricted
Subsidiaries) of the Capital Stock of an Unrestricted Subsidiary or (iii) a distribution or dividend
from an Unrestricted Subsidiary of the Company, in each case to the extent that such amounts were not otherwise
included in the Consolidated Net Income of the Company for such period; plus

                    (D) to the extent that any Unrestricted Subsidiary of the Company designated as such
after the date of this Supplemental Indenture is redesignated as a Restricted Subsidiary after the
date of this Supplemental Indenture, the lesser of (i) the Fair Market Value of the Company’s
Restricted Investment in such Subsidiary as of the date of such redesignation or (ii) the aggregate
amount of the Company’s Restricted Investments in such Subsidiary to the extent such Restricted
Investments reduced the amount available under this clause (D) and were not previously repaid or
otherwise reduced.

          (b) The preceding provisions will not prohibit:

               (1) the payment of any dividend or the consummation of any irrevocable redemption of any
securities within 60 days after the date of declaration of the dividend or giving of the redemption
notice, as the case may be, if at the date of declaration or notice, the dividend or redemption
payment would have complied with the provisions of the Indenture;

               (2) the making of any Restricted Payment in exchange for, or out of or with the net cash
proceeds of the substantially concurrent sale (other than to a Subsidiary of the Company) of,
Equity Interests of the Company (other than Disqualified Stock) or from the substantially
concurrent contribution of Common Equity capital to the Company; provided that the amount of any
such net cash proceeds that are utilized for any such Restricted Payment will not be considered to
be net proceeds of Qualifying Equity Interests for purposes Section 4.02(a)(3)(B);

               (3) the payment of any dividend or similar distribution by a Restricted Subsidiary of the
Company to the holders of its Equity Interests on a pro rata basis;

               (4) the making of any principal payment or the repurchase, redemption, defeasance or other
acquisition or retirement for value of Indebtedness of the Company or any Guarantor that is
contractually subordinated to the Notes or to any Note Guarantee with the net cash proceeds from a
substantially concurrent incurrence of Permitted Refinancing Indebtedness;

37

 

               (5) the repurchase, redemption or other acquisition or retirement for value of any Equity
Interests of the Company or any Restricted Subsidiary of the Company held by any current or former
officer, director, employee or consultant of the Company or any of its Restricted Subsidiaries
pursuant to any equity subscription agreement, stock option agreement, shareholders’ agreement or
similar agreement or any management equity plan or stock option plan or any other management or
employee benefit plan or agreement; provided that the aggregate price paid for all such
repurchased, redeemed, acquired or retired Equity Interests may not exceed $25.0 million in any
twelve-month period (with unused amounts in any twelve-month period being carried over to
succeeding twelve-month periods); provided further that such amount in any twelve-month period may
be increased by an amount not to exceed:

                    (a) the cash proceeds from the sale of Equity Interests of the Company to
members of management, directors or consultants of the Company, any of its Restricted
Subsidiaries or any of its direct or indirect parent companies that occurred after the date
of this Supplemental Indenture, to the extent the cash proceeds from the sale of such Equity
Interests have not otherwise been applied to the payment of Restricted Payments by virtue of
Section 4.02(a)(3) or Section 4.02(b)(2); plus

                    (b) the cash proceeds of key man life insurance policies received by the
Company or its Restricted Subsidiaries after the date of this Supplemental Indenture; less

                    (c) the amount of any Restricted Payments made in previous twelve-month
periods pursuant to clauses (a) and (b) of this clause (5);

               (6) the repurchase of Equity Interests deemed to occur upon the exercise of stock options to
the extent such Equity Interests represent a portion of the exercise price of those stock options;

               (7) payments or distributions to dissenting stockholders required by applicable law, pursuant
to or in connection with a consolidation, merger or transfer of assets of the Company or its
Restricted Subsidiaries that complies with the provisions of Section 5.01;

               (8) the declaration and payment of regularly scheduled or accrued dividends to holders of any
class or series of Disqualified Stock of the Company or any preferred stock of any Restricted
Subsidiary of the Company issued on or after the date of this Supplemental Indenture in accordance
with the Fixed Charge Coverage Ratio test described in
Section 4.04(a);

               (9) payments of cash, dividends, distributions, advances or other Restricted Payments by the
Company or any of its Restricted Subsidiaries to allow the payment of cash in lieu of the issuance
of fractional shares upon (i) the exercise of options or warrants or (ii) the conversion or
exchange of Capital Stock or Permitted Convertible Indebtedness of any such Person;

               (10) the making of cash payments in connection with any conversion of Permitted Convertible
Indebtedness in an aggregate principal amount since the date of this Supplemental Indenture not to
exceed the sum of (a) the principal amount of such Permitted Convertible Indebtedness plus (b) any
payments received by the Company or any of its Restricted Subsidiaries pursuant to the exercise,
settlement or termination of any related Permitted Bond Hedge Transaction;

               (11) any payments in connection with a Permitted Bond Hedge Transaction, and the settlement of
any related Permitted Warrant Transaction (a) by delivery of shares of the Company’s common stock
upon net share settlement thereof or (b) by (i) set-off against the related Permitted Bond Hedge
Transaction, (ii) payment of an early termination amount thereof in shares of the Company’s

38

 

common stock upon any early termination thereof and (iii) payment of an amount thereof in
cash upon exercise, settlement or an early termination thereof in an aggregate amount not to exceed
the aggregate amount of any payments received by the Company or any of its Restricted Subsidiaries
pursuant to the exercise, settlement or termination of any related Permitted Bond Hedge
Transaction, less any cash payments made with respect to any related Permitted Convertible
Indebtedness pursuant to Section 4.02(b)(10);

               (12) the declaration or payment of cash dividends on the Company’s common stock in an amount
not to exceed $0.35 per share in any fiscal quarter (as adjusted so that the aggregate amount
payable pursuant to this clause (12) is not increased or decreased solely as a result of any
stock-split, stock dividend or similar reclassification);

               (13) the purchase, redemption, cancellation or other retirement for a nominal value per right
of any rights granted to holders of the Company’s common stock pursuant to a shareholder rights plan;

               (14) payments in connection with intercompany obligations under cash pooling arrangements;

               (15) the repurchase or redemption of any Indebtedness which is subordinated in right of
payment to the Notes or any Note Guarantee (i) at a purchase price not greater than 101% of the
principal amount of such Indebtedness in the event of a “Change of Control” in accordance with
provisions similar to those described under Section 4.08 or (ii) at a purchase price not greater
than 100% of the principal amount thereof in accordance with the provisions similar to those
described under Section 4.05; provided that, prior to or simultaneously with such purchase or
redemption, the Company has made an offer to purchase the Notes as provided in the above-referenced
provisions with respect to the Notes and has completed the repurchase or redemption of the Notes
validly tendered for payment in connection with such offer to purchase and the provisions described
under Section 4.05 and Section 4.08, as applicable; and

               (16) so long as no Default or Event of Default has occurred and is continuing, other
Restricted Payments; provided, that, if, immediately after giving effect to such Restricted Payment
as if it had occurred at the beginning of the Company’s most recently ended four full fiscal
quarters for which internal financial statements are available at the time of such Restricted
Payment, the Company’s Consolidated Leverage Ratio would have been equal to or greater than 3.00 to
1.00, the aggregate amount of such Restricted Payments pursuant to this clause (16) made since the
date of this Supplemental Indenture at a time when such Consolidated Leverage Ratio was equal to or
greater than 3.00 to 1.00 does not exceed $275.0 million.

          (c) The amount of all Restricted Payments (other than cash) will be the Fair Market
Value on the date of the Restricted Payment of the asset(s) or securities proposed to be
transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to
the Restricted Payment. The Fair Market Value of any assets or securities that are required to be
valued by this covenant will be determined by the Board of Directors of the Company whose
determination will be conclusive and will be evidenced by an Officers’ Certificate delivered to the
Trustee.

                    Section 4.03 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries.

39

 

          (a) The Company will not, and will not permit any of its Restricted Subsidiaries to,
directly or indirectly, create or permit to exist or become effective any consensual encumbrance or
restriction on the ability of any Restricted Subsidiary to:

               (1) pay dividends or make any other distributions on its Capital Stock to the Company or any
of its Restricted Subsidiaries, or with respect to any other interest or participation in, or
measured by, its profits, or pay any indebtedness owed to the Company or any of its Restricted
Subsidiaries;

               (2) make loans or advances to the Company or any of its Restricted Subsidiaries; or

               (3) sell, lease or transfer any of its properties or assets to the Company or any of its
Restricted Subsidiaries.

          (b) However, the preceding restrictions will not apply to encumbrances or
restrictions existing under or by reason of:

               (1) contractual encumbrances or restrictions in effect on the date of this Supplemental
Indenture, including pursuant to agreements governing Existing Indebtedness and Credit Facilities
as in effect on the date of this Supplemental Indenture and any amendments, restatements,
modifications, renewals, supplements, refundings, replacements or refinancings of those agreements;
provided that the amendments, restatements, modifications, renewals, supplements, refundings,
replacements or refinancings are not materially more restrictive, taken as a whole, with respect to
such dividend and other payment restrictions than those contained in those agreements on the date
of this Supplemental Indenture;

               (2) the Indenture, the Notes and the Note Guarantees;

               (3) agreements governing other Indebtedness permitted to be incurred under Section 4.04 and
any amendments, restatements, modifications, renewals, supplements, refundings, replacements or
refinancings of those agreements; provided that the restrictions therein are not materially more
restrictive, taken as a whole, than those contained in the Indenture, the Notes and the Note
Guarantees;

               (4) applicable law, rule, regulation or order;

               (5) any agreement or other instrument of a Person acquired by the Company or any of its
Restricted Subsidiaries as in effect at the time of such acquisition (except to the extent created
in contemplation of such acquisition), which encumbrance or restriction is not applicable to any
Person, or the properties or assets of any Person, other than the Person, or the property or assets
of the Person, so acquired;

               (6) customary non-assignment provisions in contracts and licenses entered into in the ordinary
course of business;

               (7) purchase money obligations for property acquired in the ordinary course of business and
Capital Lease Obligations that impose restrictions on the property purchased or leased of the
nature described in Section 4.03(a)(3);

               (8) any agreement for the sale or other disposition of a Restricted Subsidiary that restricts
distributions by that Restricted Subsidiary pending its sale or other disposition;

40

 

               (9) Permitted Refinancing Indebtedness; provided that the restrictions contained in the
agreements governing such Permitted Refinancing Indebtedness are not materially more restrictive,
taken as a whole, than those contained in the agreements governing the Indebtedness being
refinanced;

               (10) Liens permitted to be incurred under Section 4.07 that limit the right of the debtor to
dispose of the assets subject to such Liens;

               (11) provisions limiting the disposition or distribution of assets or property in joint
venture agreements, asset sale agreements, sale-leaseback agreements, stock sale agreements and
other similar agreements (including agreements entered into in connection with a Restricted
Investment) entered into in the ordinary course of business, which limitation is applicable only to
the assets that are the subject of such agreements;

               (12) restrictions on cash or other deposits or net worth imposed by customers under contracts
entered into in the ordinary course of business;

               (13) Indebtedness, Disqualified Stock or preferred stock of Foreign Subsidiaries permitted to
be incurred pursuant to the provisions of the covenant described under Section 4.04;

               (14) any encumbrance or restriction in connection with an acquisition of property, so long as
such encumbrance or restriction relates solely to the property so acquired and was not created in
connection with or in anticipation of such acquisition;

               (15) restrictions on the sale or transfer of assets imposed under any agreement to sell such
assets or granting an option to purchase such assets; provided that such sale or transfer complies
with the other provisions of the Indenture;

               (16) Indebtedness or other contractual requirements or restrictions created in connection with
any Qualified Securitization Facility that, in a good faith determination of the Company, are
necessary or advisable to effect such Qualified Securitization Facility; provided that such
restrictions apply only to such Securitization Subsidiary; and

               (17) any encumbrances or restrictions imposed by any amendments, modifications, restatements,
renewals, increases, supplements, refundings, replacements or refinancings of the contracts,
instruments or obligations referred to in clauses (1) through (16) above; provided that the
encumbrances or restrictions in such amendments, modifications, restatements, renewals, increases,
supplements, refundings, replacements or refinancings are not materially more restrictive, in the
good faith judgment of the Board of Directors of the Company, taken as a whole, than the
encumbrances or restrictions prior to such amendment, modification, restatement, renewal, increase,
supplement, refunding, replacement or refinancing.

Section 4.04 Incurrence of Indebtedness and Issuance of Preferred Stock

          (a) The Company will not, and will not permit any of its Restricted Subsidiaries to,
directly or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or
indirectly liable, contingently or otherwise, with respect to (collectively, “incur”) any
Indebtedness (including Acquired Debt), and the Company will not issue any Disqualified Stock and
will not permit any of its Restricted Subsidiaries to issue any shares of preferred stock;
provided, however, that the Company may incur Indebtedness (including Acquired Debt) or issue
Disqualified Stock, and the Company’s Restricted Subsidiaries may incur Indebtedness (including
Acquired Debt) or issue preferred stock, if the Fixed Charge Coverage Ratio for the Company’s most
recently ended four full fiscal quarters for which internal

41

 

financial statements are available immediately preceding the date on which such additional
Indebtedness is incurred or such Disqualified Stock or such preferred stock is issued, as the case
may be, would have been at least 2.0 to 1.0, determined on a pro forma basis (including a pro forma
application of the net proceeds therefrom), as if the additional Indebtedness had been incurred or
the Disqualified Stock or the preferred stock had been issued, as the case may be, at the beginning
of such four-quarter period.

          (b) Section 4.04(a) will not prohibit the incurrence of any of the following items
of Indebtedness (collectively, “Permitted Debt”):

               (1) the incurrence by the Company and any of its Restricted Subsidiaries of additional
Indebtedness and letters of credit under Credit Facilities in an aggregate principal amount at any
one time outstanding under this clause (1) (with letters of credit being deemed to have a principal
amount equal to the face amount thereof) not to exceed $1,250.0 million;

               (2) the incurrence by the Company and its Restricted Subsidiaries of the Existing
Indebtedness;

               (3) the incurrence by the Company and the Guarantors of Indebtedness represented by the Notes
and the related Note Guarantees to be issued on the date of this Supplemental Indenture;

               (4) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness
represented by Capital Lease Obligations, mortgage financings or purchase money obligations, in
each case, incurred for the purpose of financing all or any part of the purchase price or cost of
design, construction, installation or improvement of property, plant or equipment used in the
business of the Company or any of its Restricted Subsidiaries, in an aggregate principal amount,
including all Permitted Refinancing Indebtedness incurred to renew, refund, refinance, replace,
defease or discharge any Indebtedness incurred pursuant to this clause (4), not to exceed, as of
any date of incurrence, the greater of (a) $100.0 million or (b) 2.5% of Total Assets;

               (5) the incurrence by the Company or any of its Restricted Subsidiaries of Permitted
Refinancing Indebtedness in exchange for, or the net proceeds of which are used to renew, refund,
refinance, replace, defease or discharge any Indebtedness (other than intercompany Indebtedness)
that was permitted by the Indenture to be incurred under Section 4.04(a) or clauses (2), (3), (4),
(5), (14), (15), (19) or (21) of this Section 4.04(b);

               (6) the incurrence by the Company or any of its Restricted Subsidiaries of intercompany
Indebtedness between or among the Company and any of its Restricted Subsidiaries; provided,
however, that:

                    (a) any subsequent issuance or transfer of Equity Interests that results in
any such Indebtedness being held by a Person other than the Company or a Restricted
Subsidiary of the Company; and

                    (b) any sale or other transfer of any such Indebtedness to a Person that is
not either the Company or a Restricted Subsidiary of the Company,

will be deemed, in each case, to constitute an incurrence of such Indebtedness by the
Company or such Restricted Subsidiary, as the case may be, that was not permitted by this
clause (6);

               (7) the issuance by any of the Company’s Restricted Subsidiaries to the Company or to any of
its Restricted Subsidiaries of shares of preferred stock; provided, however, that:

42

 

                    (a) any subsequent issuance or transfer of Equity Interests that results in
any such preferred stock being held by a Person other than the Company or a Restricted
Subsidiary of the Company; and

                    (b) any sale or other transfer of any such preferred stock to a Person that is
not either the Company or a Restricted Subsidiary of the Company,

will be deemed, in each case, to constitute an issuance of such preferred stock by such
Restricted Subsidiary that was not permitted by this clause (7);

               (8) the incurrence by the Company or any of its Restricted Subsidiaries of Hedging Obligations
in the ordinary course of business;

               (9) the guarantee by the Company or any of the Guarantors of Indebtedness of the Company or a
Restricted Subsidiary of the Company to the extent that the guaranteed Indebtedness was permitted
to be incurred by another provision of this covenant; provided that if the Indebtedness being
guaranteed is subordinated to or pari passu with the Notes, then the Guarantee must be subordinated
or pari passu, as applicable, to the same extent as the Indebtedness guaranteed;

               (10) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness in
respect of workers’ compensation claims, self-insurance obligations, bankers’ acceptances,
performance and surety bonds in the ordinary course of business;

               (11) reimbursement obligations in respect of standby or documentary letters of credit or
bankers’ acceptances in the ordinary course of business in an aggregate principal amount at any
time outstanding not to exceed $30.0 million;

               (12) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness
arising from the honoring by a bank or other financial institution of a check, draft or similar
instrument inadvertently drawn against insufficient funds, so long as such Indebtedness is covered
within five Business Days;

               (13) the incurrence by a Securitization Subsidiary of Indebtedness in connection with a
Qualified Securitization Facility that is without recourse to the Company or to any other
Subsidiary of the Company or their assets (other than such Securitization Subsidiary and its assets
and, as to the Company or any Subsidiary of the Company, other than pursuant to representations,
warranties, covenants and indemnities customary for such transactions) and is not guaranteed by any
such Person in an aggregate principal amount not to exceed, as of any date of incurrence, the
greater of (a) 85% of the gross book value of the accounts receivable of the Company and its
Restricted Subsidiaries determined based on the most recently available month-end consolidated
balance sheet information for the Company or (b) $250.0 million;

               (14) the incurrence by the Company or any of its Restricted Subsidiaries of (a) Indebtedness
of a Person incurred and outstanding on or prior to the date on which such Person was acquired by
the Company or any of its Restricted Subsidiaries or merged into the Company or a Restricted
Subsidiary in accordance with the terms of the Indenture or (b) Indebtedness of the Company or any
of its Restricted Subsidiaries incurred to acquire any Person who will become a Restricted
Subsidiary or be merged into the Company or any of its Restricted Subsidiaries in accordance with
the terms of the Indenture; provided, however, that, in either case, on the date of such
incurrence, (i) the Company would have been able to incur $1.00 of additional Indebtedness pursuant
to Section 4.04(a) after giving effect to the incurrence of such Indebtedness pursuant to this
clause (14) or (ii) the Fixed

43

 

Charge Coverage Ratio for the Company would be greater than such Fixed Charge Coverage Ratio
immediately prior to such incurrence of Indebtedness;

               (15) the incurrence by the Company of Indebtedness, to the extent the net proceeds thereof are
(a) used to purchase Notes in connection with a Change of Control Offer or pursuant to Section 3.02
or (b) promptly deposited to defease the Notes as described under Article 7 or Article 8;

               (16) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness
incurred in the ordinary course of business in connection with cash pooling arrangements, cash
management and other Indebtedness incurred in the ordinary course of business in respect of netting
services, overdraft protections and similar arrangements in each case in connection with cash
management and deposit accounts;

               (17) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness
arising from agreements of the Company or a Restricted Subsidiary of
the Company providing for indemnification,
adjustment of purchase price, earn-out or other similar obligations, in each case, incurred or
assumed in connection with the disposition of any business, assets or a Restricted Subsidiary,
other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such
business, assets or Restricted Subsidiary for the purpose of financing such acquisition; provided
that the maximum assumable liability in respect of all such Indebtedness shall at no time exceed
the gross proceeds actually received by the Company and its Restricted Subsidiaries in connection
with such disposition;

               (18) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness in
connection with the repurchase, redemption or other acquisition or retirement of Equity Interests
held by any current or former officer, director or employee of the Company or any of its Restricted
Subsidiaries; provided that such repurchase, redemption or other acquisition or retirement is
permitted by Section 4.02; and provided, further that such Indebtedness must be expressly
subordinated to the prior payment in full in cash of all Obligations then due with respect to the
Notes and the Note Guarantees;

               (19) Indebtedness of Foreign Subsidiaries in an aggregate amount, including all Permitted
Refinancing Indebtedness incurred to renew, refund, refinance, replace, defease or discharge any
Indebtedness incurred pursuant to this clause (19), not to exceed, as of any date of incurrence,
the greater of (a) $150.0 million (or the equivalent thereof, measured at the time of each
incurrence, in the applicable foreign currency) or (b) 4.0% of Total Assets;

               (20) Indebtedness consisting of guarantees of Indebtedness or other obligations of joint
ventures permitted under clause (15) of the definition of “Permitted Investments;” and

               (21) the incurrence by the Company or any of its Restricted Subsidiaries of additional
Indebtedness in an aggregate principal amount (or accreted value, as applicable), including all
Permitted Refinancing Indebtedness incurred to renew, refund, refinance, replace, defease or
discharge any Indebtedness incurred pursuant to this clause (21), not to exceed, as of any date of
incurrence, the greater of (a) $200.0 million or (b) 5.0% of Total Assets.

          (c) For
purposes of determining compliance with this Section 4.04, (i)
in  the event that
an item of Indebtedness meets the criteria of more than one of the categories of Permitted Debt
described in clauses (1) through (21) of Section 4.04(b), or is entitled to be incurred pursuant to
Section 4.04(a), the Company will be permitted, in its sole discretion, to classify such item of
Indebtedness on the date of its incurrence, or later reclassify all or a portion of such item of
Indebtedness, in any manner that complies with this Section 4.04 and will only be required to
include the amount and type of such Indebtedness in

44

 

one of the
sub-clauses of Section 4.04(b) or under Section 4.04(a) and
(ii) at the time of incurrence,
the Company will be entitled to divide and classify an item of Indebtedness in more than one of the
types of Indebtedness described in Section 4.04(a) or 4.04(b).

     Indebtedness under Credit Facilities outstanding on the date on which Notes are first issued
and authenticated under the Indenture shall be deemed to have been incurred under Section
4.04(b)(1).

     The accrual of interest or preferred stock dividends, the accretion or amortization of
original issue discount, the payment of interest on any Indebtedness in the form of additional
Indebtedness with the same terms, the reclassification of preferred stock as Indebtedness due to a
change in accounting principles, and the payment of dividends on preferred stock or Disqualified
Stock in the form of additional shares of the same class of preferred stock or Disqualified Stock
will not be deemed to be an incurrence of Indebtedness or an issuance of preferred stock or
Disqualified Stock for purposes of this covenant; provided, in each such case, that the amount
thereof is included in Fixed Charges of the Company as accrued.

     For purposes of determining compliance with any U.S. dollar-denominated restriction on the
incurrence of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated
in a foreign currency shall be utilized, calculated based on the relevant currency exchange rate in
effect on the date such Indebtedness was incurred. Notwithstanding any other provision of this
covenant, the maximum amount of Indebtedness that the Company or any Restricted Subsidiary may
incur pursuant to this covenant shall not be deemed to be exceeded solely as a result of
fluctuations in exchange rates or currency values.

     Section 4.05 Asset Sales.

          (a) The Company will not, and will not permit any of its Restricted Subsidiaries to,
consummate an Asset Sale unless:

               (1) the Company (or the Restricted Subsidiary, as the case may be) receives consideration at
the time of the Asset Sale at least equal to the Fair Market Value (measured as of the date of the
definitive agreement with respect to such Asset Sale) of the assets or Equity Interests issued or
sold or otherwise disposed of; and

               (2) at least 75% of the consideration received in the Asset Sale by the Company or such
Restricted Subsidiary is in the form of cash or Cash Equivalents. For purposes of this provision,
each of the following will be deemed to be cash:

                    (A) any liabilities, as shown on the Company’s most recent consolidated balance
sheet, of the Company or any Restricted Subsidiary (other than contingent liabilities and
liabilities that are by their terms subordinated to the Notes or any Note Guarantee) that are
assumed by the transferee of any such assets pursuant to a novation, indemnity or similar agreement
that releases the Company or such Restricted Subsidiary from or indemnifies against further
liability;

                    (B) any securities, Notes or other obligations received by the Company or any such
Restricted Subsidiary from such transferee that are converted by the Company or such Restricted
Subsidiary into cash within 180 days of receipt, to the extent of the cash received in that
conversion;

                    (C) any stock or assets of the kind referred to in clauses (2), (4) or (5) of
Section 4.05(b); and

45

 

                    (D) any Designated Non-cash Consideration received by the Company or any of its
Restricted Subsidiaries in such Asset Sale having an aggregate Fair Market Value, taken together
with all other Designated Non-cash Consideration received pursuant to this clause (D) that is at
that time outstanding, not to exceed at the time of the receipt of such Designated Non-cash
Consideration (with the Fair Market Value of each item of Designated Non-cash Consideration being
measured at the time received and without giving effect to subsequent changes in value) the greater
of (i) $50.0 million or (ii) 1.25% of the  Total Assets.

          (b) Within 365 days after the receipt of any Net Proceeds from an Asset Sale, the
Company or a Restricted Subsidiary of the Company may apply such Net Proceeds at its option:

               (1) to repay Senior Debt;

               (2) to acquire all or substantially all of the assets of, or any Capital Stock of, another
Permitted Business, if, after giving effect to any such acquisition of Capital Stock, the Permitted
Business is or becomes a Restricted Subsidiary of the Company;

               (3) to make a capital expenditure;

               (4) to acquire other assets that are used or useful in a Permitted Business; or

               (5) to make an Investment in any one or more businesses that replaces the businesses,
properties and/or assets that are the subject of such Asset Sale; provided that such Investment in
any business is in the form of the acquisition of Capital Stock and, after giving effect to such
Investment, such business is a Restricted Subsidiary of the Company.

          (c) Pending the final application of any Net Proceeds, the Company or a Restricted
Subsidiary of the Company may temporarily invest the Net Proceeds in any manner that is not
prohibited by the Indenture. Any binding commitment to apply Net Proceeds to invest in accordance
with clauses (2), (3), (4) or (5) of Section 4.05(b), as the case may be, shall be treated as a
permitted application of Net Proceeds from the date of such commitment so long as the Company or
such Restricted Subsidiary enters into such commitment with the good faith expectation that such
Net Proceeds will be applied to satisfy such commitment within 180 days of such commitment;
provided that if such commitment is later canceled or terminated for any reason such Net Proceeds
shall constitute Excess Proceeds.

          (d) Any Net Proceeds from Asset Sales that are not applied or invested as provided
in Section 4.05(b) will constitute “Excess Proceeds.” When the aggregate amount of Excess Proceeds
exceeds $50.0 million, within ten Business Days thereof, the Company will make an Asset Sale Offer
as described in Section 3.04 to all Holders of Notes and, if required by the terms of any
Indebtedness that is pari passu with the Notes, all holders of other Indebtedness that is pari
passu with the Notes containing provisions similar to those set forth in the Indenture with respect
to offers to purchase, prepay or redeem with the proceeds of sales of assets to purchase, prepay or
redeem the maximum principal amount of Notes and such other pari passu Indebtedness (plus all
accrued interest on the Indebtedness and the amount of all fees and expenses, including premiums,
incurred in connection therewith) that may be purchased, prepaid or redeemed out of the Excess
Proceeds. The offer price in any Asset Sale Offer will be equal to 100% of the principal amount,
plus accrued and unpaid interest, if any, to, but not including, the date of repurchase, subject to
the rights of Holders of Notes on the relevant record date to receive interest due on the relevant
interest payment date, and will be payable in cash. If any Excess Proceeds remain after
consummation of an Asset Sale Offer, the Company may use those Excess Proceeds for any purpose not
otherwise prohibited by the Indenture. If the aggregate principal amount of Notes and other pari
passu Indebtedness tendered in (or required to be prepaid or redeemed in connection with) such

46

 

Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee will select the Notes and
the Company will select such other pari passu Indebtedness to be purchased on a pro rata basis,
based on the amounts tendered or required to be prepaid or redeemed (with such adjustments as may
be deemed appropriate by the Trustee so that only Notes in denominations of $2,000, or an integral
multiple of $1,000 in excess thereof, will be purchased). Upon completion of each Asset Sale Offer,
the amount of Excess Proceeds will be reset at zero.

          (e) The Company will 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 each repurchase of Notes pursuant to a Change of
Control Offer or an Asset Sale Offer. To the extent that the provisions of any securities laws or
regulations conflict with the Change of Control or Asset Sale provisions of the Indenture, the
Company will comply with the applicable securities laws and regulations and will not be deemed to
have breached its obligations under the Change of Control or Asset Sale provisions of the Indenture
by virtue of such compliance.

Section 4.06 Transactions with Affiliates.

          (a) The Company will not, and will not permit any of its Restricted Subsidiaries to,
make any payment to or sell, lease, transfer or otherwise dispose of any of its properties or
assets to, or purchase any property or assets from, or enter into or make or amend any transaction,
contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any
Affiliate of the Company (each, an “Affiliate Transaction”) involving aggregate payments or
consideration in excess of $20.0 million, unless:

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

               (2) the Company delivers to the Trustee, with respect to any Affiliate Transaction or series
of related Affiliate Transactions involving aggregate consideration in excess of $40.0 million, (a)
a resolution of the Board of Directors of the Company set forth in an Officers’ Certificate
certifying that such Affiliate Transaction complies with this covenant and that such Affiliate
Transaction has been approved by a majority of the disinterested members of the Board of Directors
of the Company, or (b) an opinion as to the fairness to the
Company or such Restricted Subsidiary of such
Affiliate Transaction from a financial point of view issued by an accounting, appraisal or
investment banking firm of national standing.

          (b) The following items will not be deemed to be Affiliate Transactions and,
therefore, will not be subject to the provisions of Section 4.06(a):

               (1) any employment agreement, change in control/severance agreement, employee benefit plan,
officer or director indemnification agreement or any similar arrangement entered into by the
Company or any of its Restricted Subsidiaries in the ordinary course of business and payments
pursuant thereto;

               (2) transactions between or among the Company and/or its Restricted Subsidiaries;

               (3) transactions with a Person (other than an Unrestricted Subsidiary of the Company) that is
an Affiliate of the Company solely because the Company owns, directly or through a Restricted
Subsidiary, an Equity Interest in, or controls, such Person;

47

 

               (4) payment of fees and reimbursements of expenses (pursuant to indemnity arrangements or
otherwise) of officers, directors, employees or consultants of the Company or any of its Restricted
Subsidiaries or parent entities in the ordinary course of business;

               (5) any issuance of Equity Interests (other than Disqualified Stock) of the Company to
Affiliates of the Company and the granting of registration and other customary rights in connection
therewith;

               (6) any Permitted Investments and any Restricted Payments permitted under Section 4.02;

               (7) any agreement as in effect as of the date of this Supplemental Indenture, or any amendment
thereto (so long as any such amendment is not materially disadvantageous to the Holders of the
Notes when taken as a whole as compared to the applicable agreement as in effect on the date of
this Supplemental Indenture);

               (8) transactions in which the Company or any of its Restricted Subsidiaries, as the case may
be, delivers to the Trustee a letter from an Independent Financial Advisor stating that such
transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or
stating that the terms are not materially less favorable to the Company or its relevant Restricted
Subsidiary than those that would have been obtained in a comparable transaction by the Company or
such Restricted Subsidiary with an unrelated Person on an arm’s-length basis;

               (9) the Transactions and the payment of all fees and expenses related thereto;

               (10) transactions with customers, clients, suppliers, or purchasers or sellers of goods or
services that are Affiliates, in each case in the ordinary course of business and otherwise in
compliance with the terms of the Indenture which are fair to the Company and its Restricted
Subsidiaries, in the reasonable determination of the Board of Directors of the Company or the
senior management thereof, or are on terms at least as favorable as might reasonably have been
obtained at such time from an unaffiliated party;

               (11) sales of accounts receivable, or participations therein, or Securitization Assets or
related assets in connection with any Qualified Securitization Facility;

               (12) transactions between or among the Company and/or its Subsidiaries or transactions between
a Securitization Subsidiary and any Person in which the Securitization Subsidiary has an
Investment;

               (13) any transaction with a Captive Insurance Subsidiary in the ordinary course of operations
of such Captive Insurance Subsidiary; and

               (14) any tax sharing agreement or payment pursuant thereto, between the Company and/or one or
more Subsidiaries on the one hand, and any other Person with which the Company or such Subsidiaries
are required or permitted to file consolidated tax return or with which the Company or such
Subsidiaries are part of a consolidated group for tax purposes on the other hand, which payments by
the Company and the Restricted Subsidiaries are in lieu of and not in excess of the tax liabilities
that would have been payable by them on a stand-alone basis.

Section 4.07 Liens.

48

 

     The
Company will not, and will not permit any of its Restricted Subsidiaries to, create, incur,
assume or otherwise cause or suffer to exist or become effective any Lien of any kind (other than
Permitted Liens) securing Indebtedness upon any of their property or assets, now owned or hereafter
acquired, unless (1) in the case of any Lien securing pari passu Indebtedness, the Notes are
secured by a Lien that is senior in priority to or pari passu with such Lien and (2) in the case of
any Lien securing subordinated Indebtedness, the Notes are secured by a Lien that is senior in
priority to such Lien.

     Any Lien created for the benefit of the Holders of the Notes pursuant to the preceding
paragraph will provide by its terms that any such Lien shall be automatically and unconditionally
released and discharged upon the release and discharge of the Lien on such other Indebtedness.

Section 4.08 Offer to Repurchase Upon Change of Control.

          (a) If a Change of Control occurs, each Holder of Notes will have the right to
require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of
$1,000 in excess thereof) of that Holder’s Notes pursuant to an offer by the Company (a “Change of
Control Offer”) on the terms set forth in this Supplemental Indenture. In the Change of Control
Offer, the Company will offer a Change of Control 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 purchase, subject to the rights of Holders of Notes
on the relevant record date to receive interest due on the relevant interest payment date. Within
ten days following any Change of Control, the Company will mail a notice to each Holder with a copy
to the Trustee describing the transaction or transactions that constitute the Change of Control and
offering to repurchase Notes on the Change of Control Payment Date specified in the notice, which
date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed,
pursuant to the procedures required by the Indenture and described in such notice. The Company
will 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. To the extent that
the provisions of any securities laws or regulations conflict with the Change of Control provisions
of the Indenture, the Company will comply with the applicable securities laws and regulations and
will not be deemed to have breached its obligations under the Change of Control provisions of the
Indenture by virtue of such compliance.

          (b) On the Change of Control Payment Date, the Company will, to the extent lawful:

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

               (2) 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

               (3) 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 by the Company.

     The Paying Agent will promptly send to each Holder of Notes properly tendered the Change of
Control Payment for such Notes, and the Trustee will promptly authenticate and mail (or cause to be
transferred by book entry) to each Holder a new Note equal in principal amount to any unpurchased
portion of the Notes surrendered, if any. The Company will publicly announce the results of the
Change of Control Offer on or as soon as practicable after the Change of Control Payment Date.

49

 

          (c) The Company will not be required to make a Change of Control Offer upon a Change
of Control if:

               (1) a third party makes the Change of Control Offer in the manner, at the times and otherwise
in compliance with the requirements set forth in the Indenture applicable to a Change of Control
Offer made by the Company and purchases all Notes properly tendered and not withdrawn under the
Change of Control Offer; provided, however, in the event that such third party terminates, or
defaults under, its offer, the Company will be required to make a Change of Control Offer treating
the date of such termination or default as though it were the date of the Change of Control; or

               (2) notice of redemption has been given pursuant to the Indenture as described above under
Section 3.02, unless and until there is a default in payment of the applicable redemption price.
Notwithstanding anything to the contrary contained herein, a Change of Control Offer may be made in
advance of a Change of Control, conditioned upon the consummation of such Change of Control, if a
definitive agreement is in place for the Change of Control at the time the Change of Control Offer
is made.

Section 4.09 No Layering of Debt

     The Company will not incur, create, issue, assume, guarantee or otherwise become liable for
any Indebtedness that is contractually subordinate or junior in right of payment to any Senior Debt
of the Company and senior in right of payment to the Notes. No Guarantor will incur, create,
issue, assume, guarantee or otherwise become liable for any Indebtedness that is contractually
subordinate or junior in right of payment to the Senior Debt of such Guarantor and senior in right
of payment to such Guarantor’s Note Guarantee. No such Indebtedness will be considered to be
contractually subordinated or junior in right of payment to any Senior Debt of the Company or any
Guarantor by virtue of being unsecured or by virtue of being secured on a junior priority basis.

Section 4.10 Additional Note Guarantees

     If the Company or any of its Restricted Subsidiaries acquires or creates another Domestic
Subsidiary after the date of this Supplemental Indenture that guarantees or otherwise becomes an
obligor with respect to any Indebtedness of the Company or any of its Restricted Subsidiaries under
a Credit Facility, then that newly acquired or created Domestic Subsidiary will become a Guarantor
and execute a supplemental indenture and deliver an Opinion of
Counsel (as defined in the Original Indenture) to the Trustee within 45
Business Days of the date such Domestic Subsidiary guarantees or otherwise becomes an obligor with
respect to any Indebtedness of the Company or any of its Restricted Subsidiaries under a Credit
Facility; provided that any Domestic Subsidiary that constitutes an Immaterial Subsidiary, a
Captive Insurance Subsidiary or a Securitization Subsidiary, as the case may be, need not become a
Guarantor until such time as it ceases to be an Immaterial Subsidiary, a Captive Insurance
Subsidiary or a Securitization Subsidiary, as the case may be. Each Note Guarantee of a Domestic
Subsidiary will provide by its terms that it will be automatically released under the circumstances
described in Article 9.

Section 4.11 Payments for Consent

     The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or
indirectly, pay or cause to be paid any consideration to or for the benefit of any Holder of Notes
for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of
the Indenture or the Notes unless such consideration is offered to be paid and is paid to all
Holders of the Notes that consent, waive or agree to amend in the time frame set forth in the
solicitation documents relating to such consent, waiver or agreement.

50

 

Section 4.12 Designation of Restricted and Unrestricted Subsidiaries

     The Board of Directors of the Company may designate any Restricted Subsidiary to be an
Unrestricted Subsidiary if that designation would not cause a Default. If a Restricted Subsidiary
is designated as an Unrestricted Subsidiary, the aggregate Fair Market Value of all outstanding
Investments owned by the Company and its Restricted Subsidiaries in the Subsidiary designated as
Unrestricted will be deemed to be an Investment made as of the time of the designation in an amount
determined as set forth in the last sentence of the definition of “Investments” and will reduce the
amount available for Restricted Payments under Section 4.02 or under one or more clauses of the
definition of Permitted Investments, as determined by the Company. That designation will only be
permitted if the Investment would be permitted at that time and if the Restricted Subsidiary
otherwise meets the definition of an Unrestricted Subsidiary. The Board of Directors of the
Company may redesignate any Unrestricted Subsidiary to be a Restricted Subsidiary if that
redesignation would not cause a Default.

     Any designation of a Subsidiary of the Company as an Unrestricted Subsidiary will be evidenced
to the Trustee by filing with the Trustee a certified copy of a resolution of the Board of
Directors giving effect to such designation and an Officers’ Certificate certifying that such
designation complied with the preceding conditions and was permitted by Section 4.02. If, at any
time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted
Subsidiary, it will thereafter cease to be an Unrestricted Subsidiary for purposes of the Indenture
and any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of
the Company as of such date and, if such Indebtedness is not permitted to be incurred as of such
date under the covenant described under Section 4.04, the Company will be in Default of such
covenant. The Board of Directors of the Company may at any time designate any Unrestricted
Subsidiary to be a Restricted Subsidiary of the Company; provided that such designation will be
deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of the Company of any
outstanding Indebtedness of such Unrestricted Subsidiary, and such designation will only be
permitted if (1)(a) such Indebtedness is permitted under Section 4.04, or (b) the Fixed Charge
Coverage Ratio would be greater than such ratio immediately prior to such designation, in each
case, calculated on a pro forma basis as if such designation had occurred at the beginning of the
applicable reference period; and (2) no Default or Event of Default would occur and be continuing
following such designation.

51

 

Section 4.13 Changes in Covenants when Notes Are Rated Investment Grade.

     If on any date following the date of this Supplemental Indenture:

          (a) the Notes are rated Investment Grade; and

          (b) no Default or Event of Default shall have occurred and be continuing,

then, beginning on that day (the “Fall Away Date”) and continuing at all times thereafter
regardless of any subsequent changes in the rating of the Notes, the sections specifically listed
below will permanently cease to be in effect with respect to the Notes:

          (a) Section 4.02 (Restricted Payments);

          (b) Section 4.03 (Dividend and Other Payment Restrictions Affecting Restricted
Subsidiaries);

          (c) Section 4.04 (Incurrence of Indebtedness and Issuance of Preferred Stock);

          (d) Section 4.05 (Asset Sales);

          (e) Section 4.06 (Transactions with Affiliates);

          (f) Section 4.09 (No Layering of Debt);

          (g) Section 4.10 (Additional Note Guarantees);

          (h) Section 4.11 (Payments for Consent);

          (i) Section 4.12 (Designation of Restricted and Unrestricted Subsidiaries); and

          (j) Clause (4) of Section 5.01;

     As of the Fall Away Date, the Note Guarantees of each of the Guarantors will be automatically
released. The Company will deliver to the Trustee within five Business Days of the occurrence of
the Fall Away Date an Officers’ Certificate specifying the date on which the Fall Away Date has
occurred. The Trustee shall have no independent obligation to determine if the Fall Away Date has
occurred or commenced or to notify Holders regarding the same.

ARTICLE 5.

SUCCESSORS

Section 5.01 Merger, Consolidation or Sale of Assets

     The provisions in Article V of the Original Indenture shall not apply with respect to the
Notes, and this Article 5 supersedes the entirety thereof. 

     The Company will not, directly or
indirectly: (1) consolidate or merge with or into another Person (whether or not the Company is the
surviving corporation), or (2) sell, assign, transfer, convey or otherwise dispose of all or
substantially all of the properties or assets of the Company and its Restricted Subsidiaries taken
as a whole, in one or more related transactions, to another Person, unless:

52

 

               (1) either:

                    (A) the Company is the surviving corporation; or

                    (B) the Person formed by or surviving any such consolidation or merger (if other
than the Company) or to which such sale, assignment, transfer, conveyance or other disposition has
been made is an entity organized or existing under the laws of the United States, any state of the
United States or the District of Columbia; and, if such entity is not a corporation, a co-obligor
of the Notes is a corporation organized or existing under any such laws;

               (2) the Person formed by or surviving any such consolidation or merger (if other than the
Company) or the Person to which such sale, assignment, transfer, conveyance or other disposition
has been made assumes all the obligations of the Company under the Notes and the Indenture pursuant
to a supplemental indenture substantially in the form attached hereto as Exhibit B or other documents
or instruments;

               (3) immediately after such transaction, no Default or Event of Default exists; and

               (4) on the date of such transaction after giving pro forma effect thereto and any related
financing transactions as if the same had occurred at the beginning of the applicable four-quarter
period, either:

                    (A) the Company or the Person formed by or surviving any such consolidation or
merger (if other than the Company), or to which such sale, assignment, transfer, conveyance or
other disposition has been made would be permitted to incur at least $1.00 of additional
Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.04(a) or

                    (B) the Fixed Charge Coverage Ratio for the Company or the Person formed by or
surviving any such consolidation or merger (if other than the Company), or to which such sale,
assignment, transfer, conveyance or other disposition has been made, would be greater as a result
of such transaction.

     In addition, the Company will not, directly or indirectly, lease all or substantially all of
the properties and assets of it and its Restricted Subsidiaries taken as a whole, in one or more
related transactions, to any other Person.

     This Section 5.01 will not apply to any sale, assignment, transfer, conveyance, lease or other
disposition of assets between or among the Company and its Restricted Subsidiaries. Clauses (3)
and (4) of Section 5.01 will not apply to (1) any merger or consolidation, or any sale,
assignment, transfer, conveyance, lease or other disposition of assets between or among the Company
with or into one of its Restricted Subsidiaries for any purpose or (2) with or into an Affiliate
solely for the purpose of reincorporating the Company in another jurisdiction.

Section 5.02 Successor Corporation Substituted.

     In case of any such consolidation, merger, sale, conveyance, transfer or other disposition set
forth in Section 5.01, in which the Company is not the person formed by or surviving such
consolidation or merger or to which such sale, conveyance, transfer or other dispositions (the
“Successor Company”) and upon the assumption by the Successor Company by supplemental indenture
executed and delivered to the Trustee of the due and punctual payment of the principal of and
interest on all of the Notes, and the due and punctual performance and observance of all of the
covenants and conditions of the Indenture to be

53

 

performed or satisfied by the Company, such Successor Company shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under the Indenture, with
the same effect as if it had been named herein as the party of this first part, and the Company
shall be discharged from its obligations under the Notes and the Indenture, except in the case of
any such lease. Such Successor Company thereupon may cause to be signed, and may issue either in
its own name or in the name of the Company any or all of the Notes, issuable hereunder that
theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the
order of such Successor Company instead of the Company and subject to all the terms, conditions and
limitations in the Indenture prescribed, the Trustee shall authenticate and shall deliver, or cause
to be authenticated and delivered, any Notes that previously shall have been signed and delivered
by the officers of the Company to the Trustee for authentication, and any Notes that such Successor
Company thereafter shall cause to be signed and delivered to the Trustee for that purpose. All the
Notes so issued shall in all respects have the same legal rank and benefit under the Indenture as
the Notes theretofore or thereafter issued in accordance with the terms of this Supplemental
Indenture as though all of such Notes had been issued at the date of the execution hereof. In the
event of any such consolidation, merger, sale, conveyance, transfer or other disposition upon
compliance with this Article 5 the person named as the “Company” in the first paragraph of this
Supplemental Indenture or any successor that shall thereafter have become such in the manner
prescribed in this Article 5 may be dissolved, wound up and liquidated at any time thereafter and
such person shall be discharged from its liabilities as obligor and maker of the Notes and from its
obligations under the Indenture with respect to the Notes.

Section 5.03 Opinion of Counsel to Be Given to Trustee.

     Prior to execution of any supplemental indenture pursuant to this Article 5, the Trustee shall
receive an Officers’ Certificate and an Opinion of Counsel in accordance with Section 12.4 of the
Original Indenture as conclusive evidence that consolidation, merger, sale, conveyance, transfer,
lease or other disposition set forth in Section 5.01 and any such assumption complies with the
provisions of this Article 5.

ARTICLE 6.

DEFAULT AND REMEDIES

     Section 6.01 Events of Default.

     Sections 6.7, 6.9, 6.10 and 6.11 in Article VI of the Original Indenture shall apply with
respect to the Notes, and this Article 6 supersedes the remaining sections thereof. 

     Each of the
following events shall be an “Event of Default” wherever used herein with respect to the Notes,
and, except to the extent set forth in this Section 6.01, the Notes shall not have the benefit of
any “Event of Default” specified in Section 6.1 of the Original Indenture:

               (1) default for 30 days in the payment when due of interest, if any, on the Notes, whether or
not prohibited by Article 12;

               (2) default in the payment when due (at maturity, upon redemption or otherwise) of the
principal of, or premium, if any, on, the Notes, whether or not prohibited by Article 12;

               (3) prior to the Fall Away Date, and, to the extent applicable after the Fall Away Date,
failure by the Company or any of its Restricted Subsidiaries to comply with the provisions
described under Article 5 for 30 days after notice to the Company by the Trustee or the Holders of
at least 25% in aggregate principal amount of the Notes then outstanding;

54

 

               (4) prior to the Fall Away Date, failure by the Company or any of its Restricted Subsidiaries
to comply with Section 4.02 or Section 4.04 for 30 days after notice to the Company by the Trustee
or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding;

               (5) failure by the Company or any of its Restricted Subsidiaries for 60 days after notice to
the Company by the Trustee or the Holders of at least 25% in aggregate principal amount of the
Notes then outstanding to comply with any of the other agreements in the Indenture;

               (6) default with respect to any mortgage, agreement or other instrument under which there may
be outstanding, or by which may be secured or evidenced any Indebtedness for money borrowed in
excess of $50.0 million in the aggregate by the Company or any of its Restricted Subsidiaries,
whether such Indebtedness or Guarantee now exists, or is created after the date of this
Supplemental Indenture, if that default:

                    (a) constitutes a failure to pay the principal or interest of any such
Indebtedness or Guarantee when due and payable at its stated maturity, upon required
repurchase, upon declaration or otherwise; or

                    (b) results in such Indebtedness becoming or being declared due and payable;

               (7) failure by the Company or any of its Restricted Subsidiaries to pay final judgments
entered by a court or courts of competent jurisdiction aggregating in excess of $50.0 million,
which judgments are not paid, discharged or stayed, for a period of 60 days;

               (8) except as permitted by the Indenture, any Note Guarantee is held in any judicial
proceeding to be unenforceable or invalid or ceases for any reason to be in full force and effect,
or any Guarantor, or any Person acting on behalf of any Guarantor, denies or disaffirms its
obligations under its Note Guarantee;

               (9) the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any
group of Restricted Subsidiaries of the Company that, taken together, would constitute a
Significant Subsidiary:

                    (a) commences a voluntary case,

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

                    (c) consents to the appointment of a custodian of it or for all or
substantially all of its property,

                    (d) makes a general assignment for the benefit of its creditors, or

                    (e) generally is not paying its debts as they become due; and

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

55

 

                    (a) is for relief against the Company or any of its Restricted Subsidiaries
that is a Significant Subsidiary or any group of Restricted Subsidiaries of the Company that,
taken together, would constitute a Significant Subsidiary in an involuntary case;

                    (b) appoints a custodian of the Company or any of its Restricted Subsidiaries
that is a Significant Subsidiary or any group of Restricted Subsidiaries of the Company that,
taken together, would constitute a Significant Subsidiary or for all or substantially all of
the property of the Company or any of its Restricted Subsidiaries that is a Significant
Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would
constitute a Significant Subsidiary; or

                    (c) orders the liquidation of the Company or any of its Restricted
Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries of the
Company that, taken together, would constitute a Significant Subsidiary;

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

Section 6.02 Acceleration.

     In the case of an Event of Default specified in clause (9) or (10) of Section 6.01, with
respect to the Company, any Restricted Subsidiary of the Company that is a Significant Subsidiary
or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a
Significant Subsidiary, all outstanding Notes will become due and payable immediately without
further action or notice. If any other Event of Default occurs and is continuing, the Trustee or
the Holders of at least 25% in aggregate principal amount of the then outstanding Notes may declare
all the Notes to be due and payable immediately. Upon any such declaration, the Notes shall become
due and payable immediately.

     The Holders of a majority in aggregate principal amount of the then outstanding Notes by
written notice to the Trustee may, on behalf of all of the Holders of all the Notes, rescind an
acceleration and its consequences under the Indenture, if the rescission would not conflict with
any judgment or decree, except a continuing Default or Event of Default in the payment of principal
of, premium on, if any, or interest, if any, on the Notes.

Section 6.03 Other Remedies.

     If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy
to collect the payment of principal of, premium on, if any, or interest, if any, on, the Notes or
to enforce the performance of any provision of the Notes or the Indenture.

     The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not
produce any of them in the proceeding. A delay or omission by the Trustee or any Holder of a Note
in exercising any right or remedy accruing upon an Event of Default shall not impair the right or
remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are
cumulative to the extent permitted by law.

Section 6.04 Waiver of Past Defaults

     The Holders of a majority in aggregate principal amount of the then outstanding Notes by
written notice to the Trustee may, on behalf of the Holders of all of the Notes waive any existing
Default or Event of Default and its consequences hereunder, except a continuing Default or Event of
Default in the payment of principal of, premium on, if any, or interest, if any, on, the Notes
(including in connection

56

 

with an offer to purchase); provided, however, that the Holders of a
majority in aggregate principal amount of the then outstanding Notes may rescind an acceleration
and its consequences, including any related payment default that resulted from such acceleration.
Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom
shall be deemed to have been cured for every purpose of the Indenture with respect to the Notes;
but no such waiver shall extend to any subsequent or other Default or impair any right consequent
thereon.

     In the event of any Event of Default specified in Section 6.01(6), such Event of Default and
all consequences thereof (excluding any resulting payment default, other than as a result of
acceleration of the Notes) shall be annulled, waived and rescinded, automatically and without any
action by the Trustee or the Holders, if within 20 days after such Event of Default arose: (1) the
Indebtedness or Note Guarantee that is the basis for such Event of Default has been discharged; or
(2) Holders thereof have rescinded or waived the acceleration, notice or action (as the case may
be) giving rise to such Event of Default; or (3) the default that is the basis for such Event of
Default has been cured.

Section 6.05 Control by Majority

     Holders of a majority in principal amount of the then outstanding Notes may direct the time,
method and place of conducting any proceeding for exercising any remedy available to the Trustee or
of exercising any trust or power conferred on it. The Trustee, however, may refuse to follow any
direction that conflicts with law or the Indenture that the Trustee determines is unduly
prejudicial to the rights of any other Holders of a Note or that could result in personal liability
for the Trustee.

Section 6.06 Limitation on Suits

     In case an Event of Default occurs and is continuing, the Trustee will be under no obligation
to exercise any of the rights or powers under the Indenture at the request or direction of any
Holders of Notes unless such Holders have offered to the Trustee indemnity or security satisfactory
to the Trustee against any loss, liability or expense. Except to enforce the right to receive
payment of principal, premium, if any, or interest, if any, when due, no Holder of a Note may
pursue any remedy with respect to the Indenture or the Notes unless:

	(1)	 	such Holder has previously given the Trustee written notice that an Event of Default is
continuing;
	 
	(2)	 	Holders of at least 25% in aggregate principal amount of the then outstanding Notes make a
written request to the Trustee to pursue the remedy;
	 
	(3)	 	such Holder or Holders offer and, if requested, provide to the Trustee security or indemnity
reasonably satisfactory to the Trustee against any loss, liability or expense;
	 
	(4)	 	the Trustee does not comply with such request within 60 days after receipt of the request and
the offer of security or indemnity; and
	 
	(5)	 	during such 60-day period, Holders of a majority in aggregate principal amount of the then
outstanding Notes do not give the Trustee a direction inconsistent with such request.

Section 6.07 Collection Suit by Trustee.

     If an Event of Default specified in Section 6.01(1) or (2) hereof occurs and is continuing,
the Trustee is authorized to recover judgment in its own name and as trustee of an express trust
against the

57

 

Company for the whole amount of principal of, premium on, if any, and interest, if any,
remaining unpaid on, the Notes and interest on overdue principal and, to the extent lawful,
interest and such further amount as shall be sufficient to cover the costs and expenses of
collection, including the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel.

ARTICLE 7.

LEGAL DEFEASANCE AND COVENANT DEFEASANCE

Section 7.01 Option to Effect Legal Defeasance or Covenant Defeasance.

     The provisions in Article VIII of the Original Indenture shall not apply with respect to the
Notes, and this Article 7 supersedes the entirety thereof. The Company may at any time, at the
option of its Board of Directors evidenced by a resolution set forth in an Officers’ Certificate,
elect to have either Section 7.02 or 7.03 hereof be applied to all outstanding Notes upon
compliance with the conditions set forth below in this Article 7.

Section 7.02 Legal Defeasance and Discharge.

     Upon the Company’s exercise under Section 7.01 hereof of the option applicable to this Section
7.02, the Company and each of the Guarantors will, subject to the satisfaction of the conditions
set forth in Section 7.04 hereof, be deemed to have been discharged from their obligations with
respect to all outstanding Notes (including the Note Guarantees) on the date the conditions set
forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance
means that the Company and the Guarantors will be deemed to have paid and discharged the entire
Indebtedness represented by the outstanding Notes (including the Note Guarantees), which will
thereafter be deemed to be “outstanding” only for the purposes of Section 7.05 hereof and the other
Sections of this Supplemental Indenture referred to in clauses (1) and (2) below, and to have
satisfied all their other obligations under such Notes, the Note Guarantees and the Indenture (and
the Trustee, on demand of and at the expense of the Company, shall execute proper instruments
acknowledging the same), except for the following provisions which will survive until otherwise
terminated or discharged hereunder:

               (1) the rights of Holders of outstanding Notes to receive payments in respect of the principal
of, premium on, if any, or interest, if any, on, such Notes when such payments are due from the
trust referred to below;

               (2) the Company’s obligations with respect to the Notes concerning issuing temporary Notes,
registration of Notes, mutilated, destroyed, lost or stolen Notes and the maintenance of an office
or agency for payment and money for security payments held in trust;

               (3) the rights, powers, trusts, duties and immunities of the Trustee under the Indenture, and
the Company’s and the Guarantors’ obligations in connection therewith; and

               (4) this Article 7.

     Subject to compliance with this Article 7, the Company may exercise its option under this
Section 7.02 notwithstanding the prior exercise of its option under Section 7.03 hereof.

Section 7.03 Covenant Defeasance.

     Upon the Company’s exercise under Section 7.01 hereof of the option applicable to this Section
7.03, the Company and each of the Guarantors will, subject to the satisfaction of the conditions
set forth

58

 

in Section 7.04 hereof, be released from each of their obligations under the covenants
contained in Sections 4.01, 4.02, 4.03, 4.04, 4.05, 4.06, 4.07,
4.08, 4.09, 4.10, 4.11, 4.12 and  4.13
 hereof, clause (4) of Section 5.01 hereof and Sections 4.3, 4.5, 4.6 and 4.7 of the
Original Indenture, in each case with respect to the outstanding Notes on and after the date the
conditions set forth in Section 7.04 hereof are satisfied (hereinafter, “Covenant Defeasance”), and
the Notes will thereafter be deemed not “outstanding” for the purposes of any direction, waiver,
consent or declaration or act of Holders (and the consequences of any thereof) in connection with
such covenants, but will continue to be deemed “outstanding” for all other purposes hereunder (it
being understood that such Notes will not be deemed outstanding for accounting purposes). For this
purpose, Covenant Defeasance means that, with respect to the outstanding Notes and Note Guarantees,
the Company and the Guarantors may omit to comply with and will have no liability in respect of any
term, condition or limitation set forth in any such covenant, whether directly or indirectly, by
reason of any reference elsewhere herein to any such covenant or by reason of any reference in any
such covenant to any other provision herein or in any other document and such omission to comply
will not constitute a Default or an Event of Default under Section 6.01 hereof, but, except as
specified above, the remainder of the Indenture and such Notes and Note Guarantees will be
unaffected thereby. In addition, upon the Company’s exercise under Section 7.01 hereof of the
option applicable to this Section 7.03, subject to the satisfaction of the conditions set forth in
Section 7.04 hereof, Sections 6.01 (4), (5), (6), (7) and (8) hereof will not constitute Events of
Default.

Section 7.04 Conditions to Legal or Covenant Defeasance.

     In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 7.02
or 7.03 hereof:

     (1) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of
the Holders, cash in U.S. dollars, non-callable Government Securities, or a combination
thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized
investment bank, appraisal firm or firm of independent public accountants, to pay the
principal of, premium on, if any, and interest, if any, on, the outstanding Notes on the
stated date for payment thereof or on the applicable redemption date, as the case may be,
and the Company must specify whether the Notes are being defeased to such stated date for
payment or to a particular redemption date;

     (2) in the case of Legal Defeasance, the Company must deliver to the Trustee an Opinion
of Counsel confirming that:

          (A) the Company has received from, or there has been published by,
the Internal Revenue Service a ruling; or

          (B) since the date of this Supplemental Indenture, there has been a
change in the applicable federal income tax law (or official interpretation
thereof),

in either case to the effect that, and based thereon such Opinion of Counsel shall confirm
that, the Holders of the outstanding Notes will not recognize income, gain or loss for
federal income tax purposes as a result of such Legal Defeasance and will be subject to
federal income tax on the same amounts, in the same manner and at the same times as would
have been the case if such Legal Defeasance had not occurred;

     (3) in the case of Covenant Defeasance, the Company must deliver to the Trustee an
Opinion of Counsel confirming that the Holders of the outstanding Notes will not recognize
income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance
and

59

 

will be subject to federal income tax on the same amounts, in the same manner and at the
same times as would have been the case if such Covenant Defeasance had not occurred;

     (4) no Default or Event of Default shall have occurred and is continuing on the date of
such deposit (other than a Default or Event of Default resulting from the borrowing of funds
to be applied to such deposit (and any similar concurrent deposit relating to other
Indebtedness), and the granting of Liens to secure such borrowings);

     (5) such Legal Defeasance or Covenant Defeasance will not result in a breach or
violation of, or constitute a default under, any material agreement or instrument (other
than the Indenture and the agreements governing any other Indebtedness being defeased,
discharged or replaced) to which the Company or any of the Guarantors is a party or by which
the Company or any of the Guarantors is bound (other than a Default or Event of Default
resulting from the borrowing of funds to be applied to such deposit (and any similar
concurrent deposit relating to other Indebtedness) and the granting of Liens to secure such
borrowings);

     (6) the Company must deliver to the Trustee an Officers’ Certificate stating that the
deposit was not made by the Company with the intent of preferring the Holders of Notes over
the other creditors of the Company with the intent of defeating, hindering, delaying or
defrauding any creditors of the Company or others; and

     (7) the Company must deliver to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent relating to the Legal Defeasance or the
Covenant Defeasance have been complied with.

Section 7.05 Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous
Provisions.

     Subject to Section 7.06 hereof, all money and non-callable Government Securities (including
the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for
purposes of this Section 7.05, the “Trustee”) pursuant to Section 7.04 hereof in respect of the
outstanding Notes will be held in trust and applied by the Trustee, in accordance with the
provisions of such Notes and the Indenture, to the payment, either directly or through any Paying
Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders
of such Notes of all sums due and to become due thereon in respect of principal, premium, if any,
and interest, if any, but such money need not be segregated from other funds except to the extent
required by law.

     The Company will pay and indemnify the Trustee against any tax, fee or other charge imposed on
or assessed against the cash or non-callable Government Securities (as defined in the Original
Indenture) deposited pursuant to Section 7.04 hereof or the principal and interest received in
respect thereof other than any such tax, fee or other charge which by law is for the account of the
Holders of the outstanding Notes.

     Notwithstanding anything in this Article 7 to the contrary, the Trustee will deliver or pay to
the Company from time to time upon the request of the Company any money or non-callable Government
Securities held by it as provided in Section 7.04 hereof which, in the opinion of a nationally
recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee (which may be the opinion delivered under Section 7.04(1) hereof), are in
excess of the amount thereof
that would then be required to be deposited to effect an equivalent Legal Defeasance or
Covenant Defeasance.

60

 

Section 7.06 Repayment to Company.

     Subject to the requirements of applicable law, any monies deposited with or paid to the
Trustee for payment of the principal of or interest, if any, on the Notes and not applied but
remaining unclaimed by the Holders of the Notes for two years after the date upon which the
principal of or interest, if any, on such Notes, as the case may be, shall have become due and
payable, shall be repaid to the Company by the Trustee on demand, and all liability of the Trustee
shall thereupon cease with respect to such monies; and the Holder of any of the Notes shall
thereafter look only to the Company for any payment or delivery that such Holder of the Notes may
be entitled to collect unless an applicable abandoned property law designates another person.

Section 7.07 Reinstatement.

     If the Trustee or Paying Agent is unable to apply any U.S. dollars or non-callable Government
Securities in accordance with Section 7.02 or 7.03 hereof, as the case may be, by reason of any
order or judgment of any court or governmental authority enjoining, restraining or otherwise
prohibiting such application, then the Company’s and the Guarantors’ obligations under the
Indenture and the Notes and the Note Guarantees will be revived and reinstated as though no deposit
had occurred pursuant to Section 7.02 or 7.03 hereof until such time as the Trustee or Paying Agent
is permitted to apply all such money in accordance with Section 7.02 or 7.03 hereof, as the case
may be; provided, however, that, if the Company makes any payment of principal of, premium on, if
any, or interest, if any, on, any Note following the reinstatement of its obligations, the Company
will be subrogated to the rights of the Holders of such Notes to receive such payment from the
money held by the Trustee or Paying Agent.

ARTICLE 8.

SATISFACTION AND DISCHARGE

     Section 8.01 Satisfaction and Discharge of the Supplemental Indenture.

     Articles VIII and XI of the Original Indenture shall not apply to the Notes. Instead, the
satisfaction and discharge provisions set forth in this Article 8 shall, with respect to the Notes,
supersede in their entirety Articles VIII and XI of the Original Indenture, and all references in
the Original Indenture to Articles VIII and XI thereof and satisfaction and discharge provisions
therein, as the case may be, shall, with respect to the Notes, be deemed to be references to this
Article 9 and the satisfaction and discharge provisions set forth in this Article 8, respectively.

     The Indenture will be discharged with respect to the Notes and will cease to be of further
effect as to all Notes issued hereunder, when:

          (1) either:

               (a) all Notes that have been authenticated, except lost, stolen or destroyed
Notes that have been replaced or paid and Notes for whose payment money has been deposited in
trust and thereafter repaid to the Company, have been delivered to the Trustee for
cancellation; or

               (b) all Notes that have not been delivered to the Trustee for cancellation
have become due and payable by reason of the mailing of a notice of redemption or otherwise
or will become due and payable within one year or are to be called for redemption within one
year and the Company or any Guarantor has irrevocably deposited or caused to be deposited
with the Trustee as trust funds in trust solely for the benefit of the Holders, cash in U.S.
dollars,

61

 

non-callable Government Securities, or a combination thereof, in amounts as will be
sufficient, without consideration of any reinvestment of interest, to pay and discharge the
entire Indebtedness on the Notes not delivered to the Trustee for cancellation for principal
of, premium on, if any, and interest, if any, on, the Notes to the date of maturity or
redemption;

               (2) in respect of clause 1(b), no Default or Event of Default has occurred and is continuing
on the date of the deposit (other than a Default or Event of Default resulting from the borrowing
of funds to be applied to such deposit and any similar deposit relating to other Indebtedness and,
in each case, the granting of Liens to secure such borrowings) and the deposit will not result in a
breach or violation of, or constitute a default under, any other material instrument to which the
Company or any Guarantor is a party or by which the Company or any Guarantor is bound (other than
with respect to the borrowing of funds to be applied concurrently to make the deposit required to
effect such satisfaction and discharge and any similar concurrent deposit relating to other
Indebtedness, and in each case the granting of Liens to secure such borrowings);

               (3) the Company or any Guarantor has paid or caused to be paid all sums payable by it under
the Indenture with respect to the Notes; and

               (4) the Company has delivered irrevocable instructions to the Trustee under the Indenture to
apply the deposited money toward the payment of the Notes at maturity or on the redemption date, as
the case may be.

     In addition, the Company must deliver an Officers’ Certificate and an Opinion of Counsel to
the Trustee stating that all conditions precedent to satisfaction and discharge have been
satisfied.

     Notwithstanding the satisfaction and discharge of the Indenture, if money has been deposited
with the Trustee pursuant to subclause (b) of clause (1) of this Section 8.01, the provisions of
Sections 8.02 and 7.06 hereof will survive. In addition, nothing in this Section 8.01 will be
deemed to discharge those provisions of Section 7.7 of the Original Indenture, that, by their
terms, survive the satisfaction and discharge of the Indenture.

Section 8.02 Application of Trust Money.

     Subject to the provisions of Section 7.06 hereof, all money deposited with the Trustee
pursuant to Section 8.01 hereof shall be held in trust and applied by it, in accordance with the
provisions of the Notes and the Indenture, to the payment, either directly or through any Paying
Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the
Persons entitled thereto, of the principal, premium, if any, and interest, if any, for whose
payment such money has been deposited with the Trustee; but such money need not be segregated from
other funds except to the extent required by law.

     If the Trustee or Paying Agent is unable to apply any money or Government Securities in
accordance with Section 8.01 hereof by reason of any legal proceeding or by reason of any order or
judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting
such application, the Company’s and any Guarantor’s obligations under the Indenture and the Notes
shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.01 hereof;
provided that if the Company has made any payment of principal of, premium on, if any, or interest,
if any, on, any Notes
because of the reinstatement of its obligations, the Company shall be subrogated to the rights
of the Holders of such Notes to receive such payment from the money or Government Securities held
by the Trustee or Paying Agent.

62

 

ARTICLE 9.

NOTE GUARANTEES

     Section 9.01 Guarantee.

     Subject to this Article 9, each of the Guarantors hereby, jointly and severally,
unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and
to the Trustee and its successors and assigns, irrespective of the validity and enforceability of
the Indenture, the Notes or the obligations of the Company hereunder or thereunder, that:

     (1) the principal of, premium on, if any, and interest, if any, on, the Notes will be
promptly paid in full when due, whether at maturity, by acceleration, redemption or
otherwise, and interest on the overdue principal of, premium on, if any, and interest, if
any, on, the Notes, if lawful, and all other obligations of the Company to the Holders or
the Trustee hereunder or thereunder will be promptly paid in full or performed, all in
accordance with the terms hereof and thereof; and

     (2) in case of any extension of time of payment or renewal of any Notes or any of such
other obligations, that same will be promptly paid in full when due or performed in
accordance with the terms of the extension or renewal, whether at stated maturity, by
acceleration or otherwise.

     Failing payment when due of any amount so guaranteed or any performance so guaranteed for
whatever reason, the Guarantors will be jointly and severally obligated to pay the same
immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of
collection.

     (b) The Guarantors hereby agree that their obligations hereunder are unconditional,
irrespective of the validity, regularity or enforceability of the Notes or the Indenture, the
absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with
respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any
action to enforce the same or any other circumstance which might otherwise constitute a legal or
equitable discharge or defense of a guarantor. Each Guarantor hereby waives diligence,
presentment, demand of payment, filing of claims with a court in the event of insolvency or
bankruptcy of the Company, any right to require a proceeding first against the Company, protest,
notice and all demands whatsoever and covenant that this Note Guarantee will not be discharged
except by complete performance of the obligations contained in the Notes and the Indenture.

     (c) If any Holder or the Trustee is required by any court or otherwise to return to
the Company, the Guarantors or any custodian, trustee, liquidator or other similar official acting
in relation to either the Company or the Guarantors, any amount paid by either to the Trustee or
such Holder, this Note Guarantee, to the extent theretofore discharged, will be reinstated in full
force and effect.

     (d) Each Guarantor agrees that it will not be entitled to any right of subrogation
in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of
all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors,
on the one hand, and the Holders and the Trustee, on the other hand, (1) the maturity of the
obligations guaranteed hereby may be accelerated as provided in Article 6 hereof for the purposes
of such Guarantor’s Note Guarantee,
notwithstanding any stay, injunction or other prohibition preventing such acceleration in
respect of the obligations guaranteed hereby, and (2) in the event of any declaration of
acceleration of such obligations as provided in Article 6 hereof, such obligations (whether or not
due and payable) will forthwith become due and payable by the Guarantors for the purpose of such
Guarantor’s Note Guarantee. The Guarantors

63

 

will have the right to seek contribution from any
non-paying Guarantor so long as the exercise of such right does not impair the rights of the
Holders under the Note Guarantee.

Section 9.02 Subordination of Note Guarantee.

     The Obligations of each Guarantor under its Note Guarantee pursuant to this Article 9 will be
junior and subordinated to the Senior Debt of such Guarantor on the same basis as the Notes are
junior and subordinated to Senior Debt of the Company. For the purposes of the foregoing sentence,
the Trustee and the Holders will have the right to receive and/or retain payments by any of the
Guarantors only at such times as they may receive and/or retain payments in respect of the Notes
pursuant to the Indenture, including Article 12 hereof.

Section 9.03 Limitation on Guarantor Liability.

     Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the
intention of all such parties that the Note Guarantee of such Guarantor not constitute a fraudulent
transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the
Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any
Note Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors
hereby irrevocably agree that the obligations of such Guarantor will be limited to the maximum
amount that will, after giving effect to such maximum amount and all other contingent and fixed
liabilities of such Guarantor that are relevant under such laws, and after giving effect to any
collections from, rights to receive contribution from or payments made by or on behalf of any other
Guarantor in respect of the obligations of such other Guarantor under this Article 9, result in the
obligations of such Guarantor under its Note Guarantee not constituting a fraudulent transfer or
conveyance.

Section 9.04 Execution and Delivery.

     To evidence its Note Guarantee set forth in Section 9.01 hereof, each Guarantor hereby agrees
that this Supplemental Indenture will be executed on behalf of such Guarantor by one of its
Officers.

     Each Guarantor hereby agrees that its Note Guarantee set forth in Section 9.01 hereof will
remain in full force and effect notwithstanding the absence of the endorsement of any notation of
such Guarantee on the Notes.

     If an Officer whose signature is on this Supplemental Indenture no longer holds that office at
the time the Trustee authenticates the Notes, the Note Guarantee will be valid nevertheless.

     The delivery of any Note by the Trustee, after the authentication thereof hereunder, will
constitute due delivery of the Note Guarantee set forth in this Supplemental Indenture on behalf of
the Guarantors.

     In the event that the Company or any of its Restricted Subsidiaries creates or acquires any
Domestic Subsidiary after the date of this Supplemental Indenture, if required by Section 4.10
hereof, the Company will cause such Domestic Subsidiary to comply with the provisions of Section
4.10 hereof and this Article 9, to the extent applicable.

Section 9.05 Guarantors May Consolidate, etc., on Certain Terms.

     No Guarantor may sell or otherwise dispose of all or substantially all of its assets to, or
consolidate with or merge with or into (whether or not such Guarantor is the surviving Person)
another Person, other than the Company or another Guarantor, unless:

64

 

     (1) immediately after giving effect to such transaction, no Default or Event of
Default exists; and

     (2) either:

          (a) the Person acquiring the property in any such sale or disposition or the
Person formed by or surviving any such consolidation or merger unconditionally assumes all
the obligations of that Guarantor under its Note Guarantee and the Indenture pursuant to a
supplemental indenture substantially in the form attached hereto as Exhibit B ; or

          (b) the Net Proceeds of such sale or other disposition are applied in
accordance with Section 4.05 hereof, to the extent applicable.

     In case of any such consolidation, merger, sale or conveyance and upon the assumption by the
successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory
in form to the Trustee, of the due and punctual performance of all of the covenants and conditions
of the Indenture to be performed by the Guarantor, such successor Person will succeed to and be
substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor.
All the Note Guarantees so issued will in all respects have the same legal rank and benefit under
the Indenture as the Note Guarantees theretofore and thereafter issued in accordance with the terms
of the Indenture as though all of such Note Guarantees had been issued at the date of the execution
hereof.

     Except as set forth in Articles 4 and 5 hereof, and notwithstanding clauses 2(a) and (b)
above, nothing contained in the Indenture or in any of the Notes will prevent any consolidation or
merger of a Guarantor with or into the Company or another Guarantor, or will prevent any sale or
conveyance of the property of a Guarantor as an entirety or substantially as an entirety to the
Company or another Guarantor.

Section 9.06 Releases.

     The Note Guarantee of a Guarantor will be automatically released:

               (1) in connection with any sale or other disposition of all or substantially all of the assets
of that Guarantor, by way of merger, consolidation or otherwise, to a Person that is not (either
before or after giving effect to such transaction) the Company or a Restricted Subsidiary of the
Company, if the sale or other disposition does not violate
Section 4.05;

               (2) in connection with any sale or other disposition of Capital Stock of that Guarantor to a
Person that is not (either before or after giving effect to such transaction) the Company or a
Restricted Subsidiary of the Company, if the sale or other disposition does not violate Section
4.05 and the Guarantor ceases to be a Restricted Subsidiary of the Company as a result of the sale
or other disposition;

               (3) if the Company designates any Restricted Subsidiary that is a Guarantor to be an
Unrestricted Subsidiary in accordance with the provisions of the Indenture described under Section
4.12;

               (4) with respect to any Guarantor that, as of the date of this Supplemental Indenture, is a
guarantor or other obligor with respect to any Indebtedness under any Credit Facility, if that
Guarantor ceases to be a guarantor or other obligor with respect to any such Indebtedness;
provided, however, that if, at any time following such release, that Guarantor subsequently
guarantees or otherwise becomes an obligor with respect to any Indebtedness under a Credit
Facility, then that Guarantor will be required to provide a Note Guarantee at such time;

65

 

               (5) with respect to any Guarantor that, as of the date of this Supplemental Indenture, is not
a guarantor or other obligor with respect to any Indebtedness under any Credit Facility, in
connection with any sale or other disposition of all or substantially all of the assets of that
Guarantor, by way of merger, consolidation or otherwise, to any Restricted Subsidiary that is not a
Guarantor;

               (6) upon legal defeasance, covenant defeasance or satisfaction and discharge of the Indenture
as provided in Article 7 and Article 8; or

               (7) on the Fall Away Date.

ARTICLE 10.

SUPPLEMENTAL INDENTURES

Section 10.01 Supplemental Indentures Without Consent of Holders. In lieu of Section 9.1 of the Original
Indenture, the Company, the Guarantors and the Trustee may amend or supplement the Indenture, the
Notes or the Note Guarantees without notice to or the consent of any Holder of the Notes to:

          (a) to cure any ambiguity, defect or inconsistency;

          (b) to provide for uncertificated Notes in addition to or in place of Physical
Notes;

          (c) to provide for the assumption of the Company’s or a Guarantor’s obligations to
Holders of Notes and Note Guarantees in the case of a merger or consolidation or sale of all or
substantially all of the Company’s or such Guarantor’s assets, as applicable;

          (d) to make any change that would provide any additional rights or benefits to the
Holders of Notes or that does not adversely affect the legal rights under the Indenture of any
Holder;

          (e) to comply with requirements of the SEC in order to effect or maintain the
qualification of the Indenture under the Trust Indenture Act;

          (f) to conform this Supplemental Indenture, the Notes and the Note Guarantees and
the form or terms of the Notes to the “Description of Notes” section as set forth in the final
prospectus supplement related to the offering and sale of the Notes dated June 8, 2011 to the
extent that such description was intended to be a verbatim recitation of a provision in the
Indenture, the Notes or the Note Guarantees, which intent will be evidenced by an Officers’
Certificate to that effect;

          (g) to provide for the issuance of Additional Notes in accordance with the
limitations set forth in the Indenture as of the date of this Supplemental Indenture;

          (h) to allow any Guarantor to execute a Supplemental Indenture and/or a Note
Guarantee with respect to the Notes; or

          (i) to release a Guarantor from its Note Guarantee pursuant to the terms of the
Indenture when permitted or required pursuant to the terms of the Indenture.

Section 10.02 Supplemental Indentures With Consent of Holders.

     Subject to certain exceptions, the Indenture, the Notes or the Note Guarantees may be amended
or supplemented with the consent of the Holders of at least a majority in aggregate principal
amount of the

66

 

then outstanding Notes (including, without limitation, Additional Notes, if any)
voting as a single class
(including, without limitation, consents obtained in connection with a tender offer or
exchange offer for, or purchase of, the Notes), and any existing Default or Event of Default (other
than a Default or Event of Default in the payment of the principal of, premium on, if any, or
interest, if any, on, the Notes, except a payment default resulting from an acceleration that has
been rescinded) or compliance with any provision of the Indenture or the Notes or the Note
Guarantees may be waived with the consent of the Holders of a majority in aggregate principal
amount of the then outstanding Notes (including, without limitation, Additional Notes, if any)
voting as a single class (including, without limitation, consents obtained in connection with a
purchase of, or tender offer or exchange offer for, Notes). In lieu of Section 9.2 of the Original
Indenture, which shall not apply with respect to the Notes, without the consent of each Holder
affected thereby, no amendment, supplement or waiver, including a waiver in relation to a past
Event of Default, may:

          (a) reduce the principal amount of Notes whose Holders must consent to an amendment,
supplement or waiver;

          (b) reduce the principal of or change the fixed maturity of any Note or alter or
waive any of the provisions with respect to the redemption of the Notes (for the avoidance of
doubt, the provisions with respect to the redemption of the Notes referred to in this clause (b) do
not include the offers to purchase Notes described in
Sections 4.05 and 4.08);

          (c) reduce the rate of or change the time for payment of interest, including default
interest, on any Note;

          (d) waive a Default or Event of Default in the payment of principal of, premium on,
if any, or interest, if any, on, the Notes (except a rescission of acceleration of the Notes by the
Holders of at least a majority in aggregate principal amount of the then outstanding Notes and a
waiver of the payment default that resulted from such acceleration);

          (e) make any Note payable in money other than that stated in the Notes;

          (f) make any change in the provisions of the Indenture relating to waivers of past
Defaults or the rights of Holders of Notes to receive payments of principal of, premium on, if any,
or interest, if any, on, the Notes;

          (g) waive a redemption payment with respect to any Note (other than a payment
required by Sections 4.05 or 4.08); 

          (h) release any Guarantor from any of its obligations under its Note Guarantee or
the Indenture, except in accordance with the terms of the Indenture; or

          (i) make any change in the preceding amendment and waiver provisions.

     In addition, any amendment to, or waiver of, Article 12 that adversely affects the rights of
the Holders of the Notes will require the consent of the Holders of at least 75% in aggregate
principal amount of Notes then outstanding.

     The consent of the Holders is not necessary under the Indenture to approve the particular form
of any proposed amendment. It is sufficient if such consent approves the substance of the proposed
amendment.

67

 

Section 10.03 Notice of Amendment or Supplement. After an amendment or supplement under this Article 10 or
Article IX of the Original Indenture becomes effective, the Company shall mail to the Holders a
notice briefly describing such amendment or supplement. However, the failure to give such notice
to all the Holders, or any defect in the notice, shall not impair or affect the validity of the
amendment or supplement.

ARTICLE 11.

MISCELLANEOUS

Section 11.01 Governing Law. THIS SUPPLEMENTAL INDENTURE, EACH OF THE NOTES, EACH OF THE NOTE GUARANTEES
AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS SUPPLEMENTAL INDENTURE, EACH
OF THE NOTES AND EACH OF THE NOTE GUARANTEES, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.

Section 11.02 No Security Interest Created. Nothing in this Supplemental Indenture, in the Notes or in the
Note Guarantees expressed or implied, shall be construed to constitute a security interest under
the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect, in
any jurisdiction.

Section 11.03 Trust Indenture Act. This Supplemental Indenture will be subject to, and governed by, the
provisions of the Trust Indenture Act that are required to be part of this Supplemental Indenture
and shall, to the extent applicable, be governed by such provisions.

Section 11.04 Benefits of Supplemental Indenture. Nothing in this Supplemental Indenture, in the Notes or
the Note Guarantees, express or implied, shall give to any person (including any Registrar, any
Paying Agent and their successors hereunder), other than the parties hereto, any benefit or any
legal or equitable right, remedy or claim under this Supplemental Indenture.

Section 11.05 Calculations. Except as otherwise provided in this Supplemental Indenture, the Company shall
be responsible for making all calculations called for under the Notes. These calculations include,
but are not limited to, determinations of accrued interest payable on the Notes. The Company shall
make all these calculations in good faith and, absent manifest error, the Company’s calculations
shall be final and binding on Holders of Notes. The Company shall provide a schedule of its
calculations to the Trustee and the Trustee is entitled to rely conclusively upon the accuracy of
the Company’s calculations without independent verification. The Trustee will forward the
Company’s calculations to any Holder of Notes upon the request of that Holder at the sole cost and
expense of the Company.

Section 11.06 Effect of Headings and Table of Contents. The Article and Section headings herein and the
Table of Contents are for convenience only and shall not affect the construction hereof.

Section 11.07 Execution in Counterparts. This Supplemental Indenture may be executed in any number of
counterparts, each of which shall be an original, but such counterparts shall together constitute
but one and the same instrument.

Section 11.08 Separability Clause. In case any provision in this Supplemental Indenture, in any Note or
coupon or in any Note Guarantee shall be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions shall not in any way be affected or impaired
thereby.

Section 11.09 Ratification of Original Indenture. The Original Indenture, as supplemented by this
Supplemental Indenture, is in all respects ratified and confirmed, and this Supplemental Indenture
shall be

68

 

deemed part of the Original Indenture in the manner and to the extent herein and therein
provided. For the avoidance of doubt, each of the Company, each of the Guarantors and each Holder
of the Notes, by its acceptance of
such Notes, acknowledges and agrees that all of the rights, privileges, protections,
immunities, indemnities and benefits afforded to the Trustee under the Original Indenture are
deemed to be incorporated herein, and shall be enforceable by the Trustee hereunder, in each of its
capacities hereunder as if set forth herein in full.

Section 11.10 The Trustee. The recitals in this Supplemental Indenture are made by the Company and the
Guarantors only and not the Trustee, and all of the provisions contained in the Original Indenture
in respect of the rights, privileges, immunities, powers and duties of the Trustee shall be
applicable in respect of the Notes, the Note Guarantees and of this Supplemental Indenture as fully
and with like effect as set forth in full herein.

Section 11.11 No Recourse Against Others

     No director, officer, employee, incorporator or stockholder of the Company or any Guarantor,
as such, shall have any liability for any obligations of the Company or the Guarantors under the
Notes, the Indenture, the Note Guarantees or any claim based on, in respect of, or by reason of,
such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases
all such liability. The waiver and release are part of the consideration for issuance of the Notes.

ARTICLE 12.

SUBORDINATION

Section 12.01 Agreement to Subordinate. The Company agrees, and each Holder by accepting a Note agrees,
that the Indebtedness evidenced by the Notes is subordinated in right of payment, to the extent and
in the manner provided in this Article 12, to the prior payment in full of all Senior Debt (whether
outstanding on the date hereof or hereafter created, incurred, assumed or guaranteed), and that the
subordination is for the benefit of the holders of Senior Debt.

Section 12.02 Liquidation; Dissolution; Bankruptcy.

          (a) Upon any distribution to creditors of the Company in a liquidation or
dissolution of the Company or in a bankruptcy, reorganization, insolvency, receivership or similar
proceeding relating to the Company or its property, in an assignment for the benefit of creditors
or any marshaling of the Company’s assets and liabilities:

               (1) holders of Senior Debt will be entitled to receive payment in full of all Obligations due
in respect of such Senior Debt (including interest after the commencement of any bankruptcy
proceeding at the rate specified in the applicable Senior Debt) before the Holders of Notes will be
entitled to receive any payment with respect to the Notes (except that Holders of Notes may receive
and retain Permitted Junior Securities and payments made from either of the trusts created pursuant
to Sections 7.05 and 8.02 hereof); and

               (2) until all Obligations with respect to Senior Debt (as provided in clause (1) above) are
paid in full, any distribution to which Holders would be entitled but for this Article 12 will be
made to holders of Senior Debt, (except that Holders of Notes may receive and retain Permitted
Junior Securities and payments made from either of the trusts created pursuant to Sections 7.05 and
8.02 hereof), as their interests may appear.

69

 

          (b) To the extent any payment of Senior Debt is declared to be fraudulent or
preferential, set aside or required to be paid to any receiver, trustee in bankruptcy, liquidating
trustee, agent or other similar person under any bankruptcy, reorganization, insolvency,
receivership or similar
proceeding, the Senior Debt or part thereof originally intended to be satisfied shall be
deemed to be reinstated and outstanding as if such payment had not occurred and the provisions of
this Article 12 will be applied accordingly.

Section 12.03 Default on Designated Senior Debt

          (a) The Company may not make, directly or indirectly through any Subsidiary or other
person, any payment or distribution to the Trustee or any Holder in respect of Obligations with
respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or
property (except that Holders of Notes may receive and retain Permitted Junior Securities and
payments made from either of the trusts created pursuant to Sections 7.05 and 8.02 hereof) until
all principal and other Obligations with respect to the Senior Debt have been paid in full if:

               (1) a default in the payment of principal, premium, if any, interest or any other Obligation
due on any Designated Senior Debt (a “Payment Default”) occurs and is continuing (including,
without limitation, a payment that has become due as a result of the acceleration of any Designated
Senior Debt); or

               (2) any other default (a “Nonpayment Default”) occurs and is continuing on any series of
Designated Senior Debt that permits holders of that series of Designated Senior Debt to accelerate
its maturity and the Trustee receives a notice of such default (a “Payment Blockage Notice”) from
the Company or any administrative agent or other agent or trustee for any Designated Senior Debt.
The Trustee shall promptly deliver a copy of any Payment Blockage Notice received by it to the
Company and the Company shall promptly deliver such copy to all holders of Designated Senior Debt.
If the holders of a majority in principal amount of all Designated Senior Debt outstanding at the
time such Payment Blockage Notice is delivered to the Company shall, within 10 days of their
receipt thereof, deliver to the Company and the Trustee a notice rescinding such Payment Blockage
Notice, such Payment Blockage Notice shall be deemed not to have been delivered for all purposes of
the Indenture. If the Trustee receives any such Payment Blockage Notice, no subsequent Payment
Blockage Notice will be effective for purposes of this Section 12.03 unless and until at least 360
days have elapsed since the delivery of the immediately prior Payment Blockage Notice.

     No Nonpayment Default that existed or was continuing on the date of delivery of any Payment
Blockage Notice to the Trustee may be, or may be made, the basis for a subsequent Payment Blockage
Notice unless such default has been cured or waived for a period of not less than 90 days.

          (b) The Company may and will resume payments on and distributions in respect of the
Notes and may acquire them upon the earlier of:

               (1) in the case of a Payment Default, upon the date upon which such default is cured or
waived, and

               (2) in the case of a Nonpayment Default, upon the earlier of the date on which such Nonpayment
Default is cured or waived or 179 days after the date on which the applicable Payment Blockage
Notice is received, unless the maturity of any Designated Senior Debt has been accelerated (in
which event the foregoing subclause (1) shall apply),

70

 

if this Article 12 otherwise permits such payment, distribution or acquisition at the time of such
payment, distribution or acquisition.

Section 12.04 Acceleration of Notes. If payment of the Notes is accelerated because of an Event of Default,
the Company may not make, directly or indirectly through any Subsidiary or other person, any
payment or distribution to the Trustee or any Holder in respect of Obligations with respect to the
Notes and may not acquire from the Trustee or any Holder any Notes for cash or property until all
principal and other Obligations with respect to the Senior Debt have been paid in full or such
acceleration is rescinded in accordance with the terms of this Supplemental Indenture. The Company
will promptly notify holders of Senior Debt of any such acceleration.

Section 12.05 When Distribution Must Be Paid Over.

     In the event that the Trustee or any Holder of the Notes receives any payment of any
Obligations with respect to the Notes at a time when the payment is prohibited by Section 12.03 or
Section 12.04, such payment will be held by the Trustee or such Holder, in trust for the benefit
of, and will be paid forthwith over and delivered, upon written request, to, the holders of Senior
Debt as their interests may appear or their Representative, if any, under the agreement, Indenture
or other document (if any) pursuant to which Senior Debt may have been issued, as their respective
interests may appear, for application to the payment of all Obligations with respect to Senior Debt
remaining unpaid to the extent necessary to pay such Obligations in full in accordance with their
terms, after giving effect to any concurrent payment or distribution to or for the holders of
Senior Debt.

     With respect to the holders of Senior Debt, the Trustee undertakes to perform only those
obligations on the part of the Trustee as are specifically set forth in this Article 12, and no
implied covenants or obligations with respect to the holders of Senior Debt will be read into this
Supplemental Indenture against the Trustee. The Trustee will not be deemed to owe any fiduciary
duty to the holders of Senior Debt, and will not be liable to any such holders if the Trustee pays
over or distributes to or on behalf of Holders or the Company or any other person money or assets
to which any holders of Senior Debt are then entitled by virtue of this Article 12, except if such
payment is made as a result of the willful misconduct or gross negligence of the Trustee.

Section 12.06 Notice by Company.

     The Company will promptly notify the Trustee and the Paying Agent of any facts known to the
Company that would cause a payment of any Obligations with respect to the Notes to violate this
Article 12, but failure to give such notice will not affect the subordination of the Notes to the
Senior Debt as provided in this Article 12.

Section 12.07 Subrogation.

     After all Senior Debt is paid in full and until the Notes are paid in full, Holders of Notes
will be subrogated (equally and ratably with all other Indebtedness pari passu with the Notes) to
the rights of holders of Senior Debt to receive distributions applicable to Senior Debt to the
extent that distributions otherwise payable to the Holders of Notes have been applied to the
payment of Senior Debt. A distribution made under this Article 12 to holders of Senior Debt that
otherwise would have been made to Holders of Notes is not, as between the Company and Holders, a
payment by the Company on the Notes.

Section 12.08 Relative Rights.

71

 

     This Article 12 defines the relative rights of Holders of Notes and holders of Senior Debt.
Nothing in this Supplemental Indenture will:

               (1) impair, as between the Company and Holders of Notes, the obligation of the Company, which
is absolute and unconditional, to pay principal of, and interest, if any, on the Notes in
accordance with their terms;

               (2) affect the relative rights of Holders of Notes and creditors of the Company other than
their rights in relation to holders of Senior Debt; or

               (3) prevent the Trustee or any Holder of Notes from exercising its available remedies upon a
Default or Event of Default, subject to the rights of holders and owners of Senior Debt to receive
distributions and payments otherwise payable to Holders of Notes.

     If the Company fails because of this Article 12 to pay principal of, or interest, if any, on
the Notes in accordance with their terms, the failure is still a Default or Event of Default.

Section 12.09 Subordination May Not Be Impaired by Company. No right of any holder of Senior Debt to
enforce the subordination of the Indebtedness evidenced by the Notes may be impaired by any act or
failure to act by the Company or any Holder or by the failure of the Company or any Holder to
comply with this Supplemental Indenture.

Section 12.10 Distribution or Notice to Representative or Holders of Senior Debt.

     Whenever a distribution is to be made or a notice given to holders of any series of Senior
Debt, the distribution may be made and the notice given to their Representative, if they have
appointed one, and if no Representative has been appointed by the holders of any series of Senior
Debt, such distribution or notice shall be made or given directly to such holders.

     Upon any payment or distribution of assets of the Company referred to in this Article 12, the
Trustee and the Holders of Notes will be entitled to rely upon any order or decree made by any
court of competent jurisdiction or upon any certificate of such Representative or of the
liquidating trustee or agent or other person making any distribution to the Trustee or to the
Holders of Notes for the purpose of ascertaining the persons entitled to participate in such
distribution, the holders of the Senior Debt and other Indebtedness of the Company, the amount
thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts
pertinent thereto or to this Article 12.

Section 12.11 Rights of Trustee and Paying Agent.

     Notwithstanding the provisions of this Article 12 or any other provision of the Indenture, the
Trustee will not be charged with knowledge of the existence of any facts that would prohibit the
making of any payment or distribution by the Trustee, and the Trustee and the Paying Agent may
continue to make payments on the Notes, unless the Trustee has received at its Corporate Trust
Office at least three Business Days prior to the date of such payment written notice of facts that
would cause the payment of any Obligations with respect to the Notes to violate this Article 12,
except for any acceleration of the Notes prior to making any such payment or distribution which is
known by any officer of the Trustee prior to making any such payment or distribution. The notice
may only be given by the Company or a Representative. For the avoidance of doubt, no such notice
shall constitute a Payment Blockage Notice unless delivered in accordance with Section 12.03(a)(2).
Nothing in this Article 12 will impair the claims of, or payments to, the Trustee under or
pursuant to Section 7.7 of the Original Indenture.

72

 

     The Trustee in its individual or any other capacity may hold Senior Debt with the same rights
it would have if it were not Trustee. Any Registrar, any Paying Agent and their successors
hereunder may do the same with like rights.

Section 12.12 Authorization to Effect Subordination; Filing Proof of Claim.

     Each Holder of Notes, by the Holder’s acceptance thereof, authorizes and directs the Trustee
on such Holder’s behalf to take such action as may be necessary or appropriate to effectuate the
subordination as provided in this Article 12, and appoints the Trustee to act as such Holder’s
attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of
claim or proof of debt in the form required in any proceeding referred to in Section 6.9 of the
Original Indenture at least 30 days before the expiration of the time to file such claim or any
Representative, are hereby authorized to file an appropriate claim for and on behalf of the Holders
of the Notes.

Section 12.13 Reliance and Amendments

          (a) Each Holder of Notes by its acceptance thereof acknowledges and agrees that the
subordination provisions set forth in this Article 12 are, and are intended to be, an inducement
and a consideration for each holder of any Senior Debt, whether such Senior Debt was created or
acquired before or after the issuance of the Notes, to acquire and continue to hold, or to continue
to hold, such Senior Debt, and such holder of Senior Debt shall be deemed conclusively to have
relied on such subordination provisions in acquiring and continuing to hold or in continuing to
hold such Senior Debt.

          (b) The provisions of this Article 12 may not be amended or modified without the
written consent of the holders of all Senior Debt. In addition, any amendment to, or waiver of,
the provisions of this Article 12 that adversely affects the rights of the Holders of the Notes
will require the consent of the Holders of a majority in aggregate principal amount of Notes then
Outstanding.

Section 12.14 No Waiver of Subordination Provisions.

     Without in any way limiting the generality of Section 12.09, the holders of Senior Debt may,
at any time and from time to time, without the consent of or notice to the Trustee or the Holders,
without incurring responsibility to the Holders and without impairing or releasing the
subordination provided in this Article 12 or the obligations hereunder of the Holders to the
holders of Senior Debt, do any one or more of the following: (a) change the manner, place or terms
of payment or extend the time of payment of, or renew or alter, Senior Debt, or otherwise amend or
supplement in any manner Senior Debt or any instrument evidencing the same or any agreement under
which Senior Debt is outstanding; (b) sell, exchange, release or otherwise deal with any property
pledged, mortgaged or otherwise securing Senior Debt; (c) release any person liable in any manner
for the collection of Senior Debt; and (d) exercise or refrain from exercising any rights against
the Company and any other person.

[Remainder of the page intentionally left blank]

73

 

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

	 	 	 	 	 
	 	TELEFLEX INCORPORATED

 	 
	 	By:  	/s/ Richard A. Meier
 	 
	 	 	Name:  	Richard A. Meier 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 

74

 

	 	 	 

	 

	 	AIRFOIL TECHNOLOGIES INTERNATIONAL-CALIFORNIA, INC.
	 

	 	AIRFOIL TECHNOLOGIES INTERNATIONAL-OHIO, INC.
	 

	 	ARROW INTERNATIONAL INVESTMENT CORP.
	 

	 	ARROW INTERVENTIONAL, INC.
	 

	 	SPECIALIZED MEDICAL DEVICES, LLC
	 

	 	TECHNOLOGY HOLDING COMPANY
	 

	 	TECHNOLOGY HOLDING COMPANY II
	 

	 	TECHNOLOGY HOLDING COMPANY III
	 

	 	TELEFLEX HOLDING COMPANY II
	 

	 	TFX EQUITIES INCORPORATED
	 

	 	TFX GROUP LLC
	 

	 	TFX INTERNATIONAL CORPORATION
	 

	 	TFX MEDICAL WIRE PRODUCTS, INC.
	 

	 	TFX NORTH AMERICA INC.
	 

	 	VASONOVA, INC.
	 

	 	THE STEPIC MEDICAL DISTRIBUTION CORPORATION
	 

	 	TELEFLEX MEDICAL INCORPORATED
	 

	 	ARROW INTERNATIONAL, INC.
	 

	 	ARROW MEDICAL PRODUCTS, LTD.

	 	 	 	 	 
	 	 	 
	 	By:  	                                      /s/ C. Jeffrey Jacobs
 	 
	 	 	Name:  	C. Jeffrey Jacobs 	 
	 	 	Title:  	(1) Vice President and Treasurer (other than as

       noted below)

(2)  President and
Treasurer (in the case of 

      TFX North America Inc.)

(3)  Vice President
(in the case of TFX Equities

       Incorporated)

(4)  President (in the
case of Technology 

       Holding Company, Technology Holdings

       Company II, Technology Holding Company

       III and TFX International Corporation)

(5)  Vice President
and Secretary (in the case 

       of Teleflex Holding Company II and TFX

       Group LLC) 	 

2

 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A., as Trustee

 	 
	 	By: 	/s/ Richard Prokosch
 	 
	 	 	Name:  Richard Prokosch 	 
	 	 	Title:    Vice President 	 

 

 

	 	 	 	 	 

SCHEDULE A

Guarantors

	 	 	 
	 	 	Jurisdiction of
	Entity	 	Formation
	Airfoil Technologies International-California, Inc.

	 	DE
	Airfoil Technologies International-Ohio, Inc.

	 	DE
	Arrow International Investment Corp.

	 	DE
	Arrow Interventional, Inc.

	 	DE
	Specialized Medical Devices LLC

	 	DE
	Technology Holding Company

	 	DE
	Technology Holding Company II

	 	DE
	Technology Holding Company III

	 	DE
	TeleFlex Holding Company II

	 	DE
	TFX Equities Incorporated

	 	DE
	TFX Group LLC

	 	DE
	TFX International Corporation

	 	DE
	TFX Medical Wire Products, Inc.

	 	DE
	TFX North America Inc.

	 	DE
	VasoNova, Inc.

	 	DE
	The Stepic Medical Distribution Corporation

	 	NY
	TeleFlex Medical Incorporated

	 	CA
	Arrow International, Inc.

	 	PA
	Arrow Medical Products Ltd.

	 	PA

 

 

EXHIBIT A

[Face of Note]

[THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY. THIS NOTE IS EXCHANGEABLE FOR
NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE ONLY IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN A
TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE
OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY) MAY BE REGISTERED EXCEPT
IN LIMITED CIRCUMSTANCES.

UNLESS THIS NOTE 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 NOTE 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 HEREON 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 AN INTEREST HEREIN. ]*

 

			
	*	 	This legend should be included only if the Note is issued as a Global Note.

A-1

 

CUSIP/CINS 879369AB2

6.875% Senior Subordinated Notes due 2019

			
	No. ___
	 	$____________*

TELEFLEX INCORPORATED

promises to pay to _______ or registered assigns,

the principal sum of _____________________________________________ DOLLARS [(or such lesser principal amount as
shall be reflected in the books and records of the Trustee and Depository)] on June 1, 2019.

Interest Payment Dates: June 1 and December 1

Regular Record Dates: May 15 and November 15

Dated: _______________, 20[ ]

IN WITNESS WHEREOF, TELEFLEX INCORPORATED has caused this instrument to be signed manually or by
facsimile by two of its duly authorized Officers.

Date: June ___, 2011

	 	 	 	 	 
	 	TELEFLEX INCORPORATED

 	 
	 	By:  	 	 
	 	 	Name:  	Richard A. Meier 	 
	 	 	Title:  	Executive Vice President and Chief
Financial Officer 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	C. Jeffrey Jacobs 	 
	 	 	Title:  	Treasurer 	 
	 

This is one of the Notes referred to

in the within-mentioned Indenture:

	 	 	 	 	 
	WELLS FARGO BANK, N.A.,

as Trustee

 	 
	By:  	 	 
	 	Authorized Signatory 	 
	 	 	 

 

A-2

 

[Back of Note]

6.875% Senior Subordinated Notes due 2019

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

     (1) Interest. Teleflex Incorporated, a Delaware corporation (the “Company”),
promises to pay or cause to be paid interest on the principal amount of this Note at 6.875%
per annum from ________________, ___ until maturity. The Company will pay, if any,
semi-annually in arrears on June 1 and December 1 of each year, or if any such day is not a
Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”).
Interest on the Notes will accrue from the most recent date to which interest has been paid
or, if no interest has been paid, from the date of issuance; provided that, if this Note is
authenticated between a record date referred to on the face hereof and the next succeeding
Interest Payment Date, interest shall accrue from such next succeeding Interest Payment
Date; provided further that the first Interest Payment Date shall be _____________, ____.
The Company will pay interest (including post-petition interest in any proceeding under any
Bankruptcy Law) on overdue principal at the otherwise applicable interest rate on the Notes
to the extent lawful; it will pay interest (including post-petition interest in any
proceeding under any Bankruptcy Law) on overdue installments of interest, if any (without
regard to any applicable grace period), at the same rate to the extent lawful.

     Interest will be computed on the basis of a 360-day year comprised of twelve 30-day
months.

     (2) Method of Payment. The Company will pay interest on the Notes (except
defaulted interest, if any) to the Persons who are registered Holders
of Notes at 5:00 p.m., New York City time, on the May 15 or November 15 next preceding the Interest Payment Date, even if
such Notes are canceled after such record date and on or before such Interest Payment Date,
except as provided in Section 2.12 of the Original Indenture with respect to defaulted
interest. The Company shall pay the principal of and interest on any Global Note in
immediately available funds to the Depository or its nominee, as the case may be, as the
registered Holder of such Global Note. The Company, through the Paying Agent, shall make
all payments of principal, premium, if any, and interest, if any, with respect to Physical
Notes by wire transfer of immediately available funds to the accounts specified by the
Holders of the Physical Notes or, if no such account is specified, by mailing a check to
each such Holder’s registered address. Such payment will be in such coin or currency of the
United States of America as at the time of payment is legal tender for payment of public and
private debts.

     (3) Paying Agent and Registrar. Initially, Wells Fargo Bank, N.A., the
Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may change
the Paying Agent or Registrar without prior notice to the Holders of the Notes. The Company
or any of its Subsidiaries may act as Paying Agent or Registrar.

     (4) Indenture. The Company issued the Notes under a base indenture dated
August 2, 2010, between the Company and the Trustee (the “Original Indenture”), as
supplemented by the Second Supplemental Indenture dated as of June 13, 2011 (the “Second
Supplemental Indenture” and the Original Indenture as supplemented by the Second
Supplemental Indenture, the “Indenture”) among the Company, the Guarantors and the Trustee.
The terms of the Notes include those stated in the Indenture and those made part of the
Indenture by reference to the TIA.

A-3

 

The Notes are subject to all such terms, and Holders are referred to the Indenture
and such Act for a statement of such terms. To the extent any provision of this Note
conflicts with the express provisions of the Indenture, the provisions of the Indenture
shall govern and be controlling. The Notes are unsecured obligations of the Company. The
Indenture does not limit the aggregate principal amount of Notes that may be issued
thereunder.

     (5) Optional Redemption.

          (a) At any time prior to June 1, 2014, the Company may on any one or more
occasions redeem up to 35% of the aggregate principal amount of Notes issued under the
Supplemental Indenture (including any Additional Notes), upon not less than 30 nor more than
60 days’ notice, at a redemption price equal to 106.875% of the principal amount of the
Notes redeemed, plus accrued and unpaid interest, if any, to, but not including, the date of
redemption (subject to the rights of Holders of Notes on the relevant record date to receive
interest on the relevant interest payment date), with the net cash proceeds of an Equity
Offering by the Company; provided that:

     (A) at least 65% of the aggregate principal amount of Notes
originally issued under the Supplemental Indenture (excluding Notes held by the
Company and its Subsidiaries) remains outstanding immediately after the occurrence
of such redemption; and

     (B) the redemption occurs within 120 days of the date of the closing
of such Equity Offering.

          (b) At any time prior to June 1, 2015, the Company may on any one or more
occasions redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’
notice, at a redemption price equal to 100% of the principal amount of the Notes redeemed,
plus the Applicable Premium as of, and accrued and unpaid interest, if any, to, but not
including, the date of redemption, subject to the rights of Holders of Notes on the relevant
record date to receive interest due on the relevant interest payment date.

          (c) Except pursuant to the preceding paragraphs, the Notes will not be
redeemable at the Company’s option prior to June 1, 2015.

          (d) On or after June 1, 2015, the Company may on any one or more occasions
redeem all or a part of the Notes, upon not less than 30 nor more than 60 days’ notice, at
the redemption prices (expressed as percentages of principal amount) set forth below, plus
accrued and unpaid interest, if any, on the Notes redeemed, to, but not including, the
applicable date of redemption, if redeemed during the twelve-month period beginning on June
1 of the years indicated below, subject to the rights of Holders of Notes on the relevant
record date to receive interest on the relevant interest payment date:

	 	 	 	 	 
	Year	 	Percentage	 
	2015
	 	 	103.438	%
	2016
	 	 	101.719	%
	2017 and thereafter
	 	 	100.000	%

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

A-4

 

     (6) Mandatory Redemption. The Company is not required to make
mandatory redemption or sinking fund payments with respect to the Notes.

     (7) Repurchase at the Option of Holder.

          (e) If a Change of Control occurs, each Holder of Notes will have the right
to require the Company to repurchase all or any part (equal to $2,000 or an integral
multiple of $1,000 in excess thereof) of that Holder’s Notes pursuant to an offer by the
Company (a “Change of Control Offer”) on the terms set forth in the Indenture. In the
Change of Control Offer, the Company will offer a Change of Control 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 purchase,
subject to the rights of Holders of Notes on the relevant record date to receive interest
due on the relevant interest payment date. Within ten days following any Change of Control,
the Company will mail a notice to each Holder with a copy to the Trustee describing the
transaction or transactions that constitute the Change of Control and offering to repurchase
Notes on the Change of Control Payment Date specified in the notice, which date will be no
earlier than 30 days and no later than 60 days from the date such notice is mailed, pursuant
to the procedures required by the Indenture and described in such notice. The Company will
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. To the
extent that the provisions of any securities laws or regulations conflict with the Change of
Control provisions of the Indenture, the Company will comply with the applicable securities
laws and regulations and will not be deemed to have breached its obligations under the
Change of Control provisions of the Indenture by virtue of such compliance.

          (f) If the Company or a Restricted Subsidiary of the Company consummates any
Asset Sales, within ten Business Days of each date on which the aggregate amount of Excess
Proceeds exceeds $50.0 million, the Company will make an offer (an “Asset Sale Offer”) to
all Holders of Notes and, if required by the terms of any Indebtedness that is pari passu
with the Notes, all holders of other Indebtedness that is pari passu with the Notes
containing provisions similar to those set forth in the Indenture with respect to offers to
purchase, prepay or redeem with the proceeds of sales of assets to purchase, prepay or
redeem the maximum principal amount of Notes and such other pari passu Indebtedness (plus
all accrued interest on the Indebtedness and the amount of all fees and expenses, including
premiums, incurred in connection therewith) that may be purchased, prepaid or redeemed out
of the Excess Proceeds. The offer price in any Asset Sale Offer will be equal to 100% of
the principal amount, plus accrued and unpaid interest, if any, to, but not including, the
date of repurchase, subject to the rights of Holders of Notes on the relevant record date to
receive interest due on the relevant interest payment date, and will be payable in cash. If
any Excess Proceeds remain after consummation of an Asset Sale Offer, the Company may use
those Excess Proceeds for any purpose not otherwise prohibited by the Indenture. If the
aggregate principal amount of Notes and other pari passu Indebtedness tendered in (or
required to be prepaid or redeemed in connection with) such Asset Sale Offer exceeds the
amount of Excess Proceeds, the Trustee will select the Notes and the Company will select
such other pari passu Indebtedness to be purchased on a pro rata basis, based on the amounts
tendered or required to be prepaid or redeemed (with such adjustments as may be deemed
appropriate by the Trustee so that only Notes in denominations of $2,000, or an integral
multiple of $1,000 in excess thereof, will be purchased). Upon completion of each Asset Sale
Offer, the amount of Excess Proceeds will be reset at zero. Holders of Notes that are
subject of an offer purchase will receive an Asset Sale Offer from the Company prior to any
related purchase date and may elect to

A-5

 

have such Notes purchased by completing the form entitled “Option of Holder to Elect
Purchase” attached to the Notes.

     (8) Notice of Redemption. At least 30 days but not more than 60 days
before a redemption date, the Company will mail or cause to be mailed, by first class mail,
a notice of redemption to each Holder whose Notes are to be redeemed at its registered
address, except that redemption notices may be mailed more than 60 days prior to a
redemption date if the notice is issued in connection with a defeasance of the Notes or a
satisfaction and discharge of the Indenture pursuant to Articles 7 or 8 of the Second
Supplemental Indenture. Notes and portions of Notes selected will be in amounts of $2,000
or whole multiples of $1,000 in excess thereof; except that if all of the Notes of a Holder
are to be redeemed or purchased, the entire outstanding amount of Notes held by such Holder
shall be redeemed or purchased.

     (9) Denominations, Transfer, Exchange. The Notes are in registered
form in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The
transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture.
The Registrar and the Trustee may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and the Company may require a Holder to pay
any taxes and fees required by law or permitted by the Indenture. The Company need not
exchange or register the transfer of any Note or portion of a Note selected for redemption,
except for the unredeemed portion of any Note being redeemed in part. Also, the Company
need not exchange or register the transfer of any Notes for a period of 15 days before a
selection of Notes to be redeemed or during the period between a record date and the next
succeeding Interest Payment Date.

     (10) Persons Deemed Owners. The registered Holder of a Note may be
treated as the owner of it for all purposes. Only registered Holders have rights under the
Indenture.

     (11) Amendment, Supplement and Waiver. The provisions governing
amendment, supplement and waiver of any provision of the Indenture, the Notes or the Note
Guarantees are set forth in Article 10 of the Second Supplemental Indenture.

     (12) Defaults and Remedies. The Defaults and Event of Default
relating to the Notes are set forth in Section 6.01 of the Second Supplemental Indenture.

     (13) Subordination. Payment of principal of, premium on, if any, and
interest, if any, on, the Notes is subordinated to the prior payment of Senior Debt on the
terms provided in the Indenture.

     (14) Trustee Dealings with Company. The Trustee, in its individual
or any other capacity, may make loans to, accept deposits from, and perform services for the
Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if
it were not the Trustee.

     (15) No Recourse Against Others. No director, officer, employee,
incorporator or stockholder of the Company or any Guarantor, as such, will have any
liability for any obligations of the Company or the Guarantors under the Notes, the
Indenture, the Note Guarantees or for any claim based on, in respect of, or by reason of,
such obligations or their creation. Each Holder of Notes by accepting a Note waives and
releases all such liability. The waiver and release are part of the consideration for
issuance of the Notes.

A-6

 

     (16) Authentication. This Note will not be valid until authenticated
by the manual signature of the Trustee or an authenticating agent.

     (17) 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).

     (18) CUSIP Numbers. Pursuant to a recommendation promulgated by the
Committee on Uniform Security Identification Procedures, the Company has caused CUSIP
numbers to be printed on the Notes, and the Trustee may use CUSIP numbers in notices of
redemption as a convenience to Holders. No representation is made as to the accuracy of
such numbers either as printed on the Notes or as contained in any notice of redemption, and
reliance may be placed only on the other identification numbers placed thereon.

     (19) GOVERNING LAW. THE INDENTURE, EACH OF THE NOTES, EACH OF THE
NOTE GUARANTEES AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THE
INDENTURE, EACH OF THE NOTES AND EACH OF THE NOTE GUARANTEES SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

A-7

 

Assignment Form

     To assign this Note, fill in the form below:

(I) or
(we) assign and transfer this Note to
:__________________________________________________________________

     (Insert assignee’s legal name)

      

(Insert assignee’s soc. sec. or tax I.D. no.)

      

      

      

      

(Print or type assignee’s name, address and zip code)

and irrevocably appoint                                                       
                   
                   
                   
         
to transfer this Note on the books of the Company. The agent may substitute another to act for
him.

Date: _______________

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

	 	 	 	 	 
	Signature Guarantee*:
 	 	 
	 	 	 	 

 

			
	*	 	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor
acceptable to the Trustee).

A-8

 

Option of Holder to Elect Purchase

     If you want to elect to have this Note purchased by the Company pursuant to Section 4.05 or
4.08 of the Second Supplemental Indenture, check the appropriate box below:

o Section 4.05                     o Section 4.08

     If you want to elect to have only part of the Note purchased by the Company pursuant to
Section 4.05 or Section 4.08 of the Indenture, state the amount you elect to have purchased:

$_______________

Date: _______________

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

	 	 	 	 	 
	 	Tax Identification No.:  	 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	Signature Guarantee*:
 	 	 
	 	 	 	 

 

			
	*	 	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor
acceptable to the Trustee).

A-9

 

EXHIBIT B

[FORM OF SUPPLEMENTAL INDENTURE

TO BE DELIVERED BY SUBSEQUENT GUARANTORS]

     Supplemental Indenture (this “Supplemental Indenture”), dated as of ________________,
among __________________ (the “Guaranteeing Subsidiary”), a subsidiary of Teleflex Incorporated (or
its permitted successor), a Delaware corporation (the “Company”), the Company, the other Guarantors
(as defined in the Indenture referred to herein) and Wells Fargo Bank, N.A., as trustee under the
Indenture referred to below (the “Trustee”).

WITNESSETH

     WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture (the
"Original Indenture”), dated as of August 2, 2010 and a second supplemental indenture, dated as of
June 13, 2011 (the “Second Supplemental Indenture” and, together with the Original Indenture, the
"Indenture”) providing for the issuance of 6.875% Senior Subordinated Notes due 2019 (the “Notes”);

     WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary
shall execute and deliver to the Trustee a supplemental indenture pursuant to which the
Guaranteeing Subsidiary shall unconditionally guarantee all of the Company’s Obligations under the
Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”); and

     WHEREAS, pursuant to Section 10.01 of the Second Supplemental Indenture, the Trustee is
authorized to execute and deliver this Supplemental Indenture.

     NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the
Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes
as follows:

     1. Capitalized Terms. Capitalized terms used herein without definition shall have
the meanings assigned to them in the Indenture.

     2. Agreement to Guarantee. The Guaranteeing Subsidiary hereby agrees to provide an
unconditional Guarantee on the terms and subject to the conditions set forth in the Second
Supplemental Indenture including but not limited to Article 9 thereof.

     4. No Recourse Against Others. No director, officer, employee, incorporator or
stockholder of the Company or any Guarantor, as such, will have any liability for any obligations
of the Company or the Guarantors under the Notes, the Indenture, the Note Guarantees or for any
claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of
Notes by accepting a Note waives and releases all such liability. The waiver and release are part
of the consideration for issuance of the Notes.

     5. NEW YORK LAW TO GOVERN. THIS SUPPLEMENTAL INDENTURE AND ANY CLAIM, CONTROVERSY OR DISPUTE
ARISING UNDER OR RELATED TO THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     6. Counterparts. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement.

B-1

 

     7. Effect of Headings. The Section headings herein are for convenience only and
shall not affect the construction hereof.

     8. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or
in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of
the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary
and the Company.

B-2

 

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

     Dated: _______________,

	 	 	 	 	 
	 	[Guaranteeing Subsidiary]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	Teleflex Incorporated

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	[Existing Guarantors]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	WELLS FARGO BANK, N.A.,

as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 

B-3

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"}]]