Document:

Exhibit 10.1

EXHIBIT 10.1

BRADY CORPORATION

CHANGE OF CONTROL AGREEMENT

AGREEMENT, made as of November 21, 2011, between Brady Corporation, a Wisconsin corporation,
(“Corporation”) and Stephen Millar.

WHEREAS, the Executive is now serving as an executive of the Corporation in a position of
importance and responsibility; and

WHEREAS, the Executive possesses intimate knowledge of the business and affairs of the
Corporation and its policies, markets and financial and human resources, and the Executive has
acquired certain confidential information and data with respect to the Corporation; and

WHEREAS, the Corporation wishes to continue to receive the benefit of the Executive’s
knowledge and experience and, as an inducement for continued service, is willing to offer the
Executive certain payments due to severance as a result of change of control as set forth herein;

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the
Executive and Corporation agree as follows:

SECTION 1. DEFINITIONS.

(a) Change of Control. For purposes of this Agreement, a “Change of Control” shall occur if
and when any person or group of persons (as defined in Section 13(d)(3) of the Securities and
Exchange Act of 1934) other than the members of the family of William H. Brady, Jr. and their
descendants, or trusts for their benefit, and the William H. Brady Jr. Family Trust, collectively,
directly or indirectly controls in excess of 50% of the voting common stock of the Corporation.

(b) Termination Due to Change of Control. A “Termination Due to Change of Control” shall
occur if within the 24 month period beginning with the date a Change of Control occurs (i) the
Executive’s employment with the Corporation is involuntarily terminated (other than by reason of
death, disability or Cause) or (ii) the Executive’s employment with the Corporation is voluntarily
terminated by the Executive subsequent to (A) any reduction in the total of the Executive’s annual
base salary (exclusive of fringe benefits) and the Executive’s target bonus in comparison with the
Executive’s annual base salary and target bonus immediately prior to the date the Change of Control
occurs, (B) a significant diminution in the responsibilities or authority of the Executive in
comparison with the Executive’s responsibility and authority immediately prior to the date the
Change of Control occurs or (C) the imposition of a requirement by the Corporation that the
Executive relocate to a principal work location more than 50 miles from the Executive’s principal
work location immediately prior to the date the Change of Control occurs.

 

 

 

(c) “Cause” means (i) the Executive’s willful and continued failure to substantially perform
the Executive’s duties with the Corporation (other than any such failure resulting from physical or
mental incapacity) after written demand for performance is given to the Executive by the
Corporation which specifically identifies the manner in which the Corporation believes the
Executive has not substantially performed and a reasonable time to cure has transpired, (ii) the
Executive’s conviction of (or plea of nolo contendere for the commission of) a felony, or (iii) the
Executive’s commission of an act of dishonesty or of any willful act of misconduct which results in
or could reasonably be expected to result in significant injury (monetarily or otherwise) to the
Corporation, as determined in good faith by the Board of Directors of the Corporation.

(d) “Beneficiary” means any one or more primary or secondary beneficiaries designated in
writing by the Executive on a form provided by the Corporation to receive any benefits which may
become payable under this Agreement on or after the Executive’s death. The Executive shall have
the right to name, change or revoke the Executive’s designation of a Beneficiary on a form provided
by the Corporation. The designation on file with the Corporation at the time of the Executive’s
death shall be controlling. Should the Executive fail to make a valid Beneficiary designation or
leave no named Beneficiary surviving, any benefits due shall be paid to the Executive’s spouse, if
living; or if not living, then to the Executive’s estate.

(e) “Code” means the Internal Revenue Code of 1986, as amended.

SECTION 2. PAYMENTS UPON TERMINATION DUE TO CHANGE OF CONTROL.

(a) Following Termination Due to Change of Control, the Executive shall be paid an amount
equal to two times the annual base salary paid the Executive by the Corporation in effect
immediately prior to the date the Change of Control occurs, and two times the average bonus payment
received in the three years immediately prior to the date the Change of Control occurs. Such
amount shall be paid in 24 monthly installments beginning on the 15th day of the month
following the month in which the Executive’s employment with the Corporation terminates.

(b) If the scheduled payments under paragraph (a) above would result in disallowance of any
portion of the Corporation’s deduction therefore under Section 162(m) of the Code, the payments
called for under paragraph (a) shall be limited to the amount which is deductible, with the balance
to be paid during the first taxable year in which the Corporation reasonably anticipates that the
deduction of such payment is not barred by Section 162(m). However, in such event, the Corporation
shall pay the Executive on a quarterly basis an amount of interest based on the prime rate
recomputed each quarter on the unpaid scheduled payments.

 

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(c) It is intended that (A) each payment or installment of payments provided under this
Section 2 is a separate “payment” for purposes of Code Section 409A and (B) that the payments
satisfy, to the greatest extent possible, the exemptions from the application of Code Section 409A,
including those provided under Treasury Regulations 1.409A-1(b)(4) (regarding short-term
deferrals), 1.409A-1(b)(9)(iii) (regarding the two-times, two year exception), and
1.409A-1(b)(9)(v) (regarding reimbursements and other separation pay). Notwithstanding
anything to the contrary in this Agreement, if the Corporation determines that on the
Termination Due to Change of Control the Executive is a “specified employee” (as such term is
defined under Treasury Regulation 1.409A-1(i)(1)) of the Corporation and that any payments to be
provided to Executive are or may become subject to the additional tax under Code Section
409A(a)(1)(B) or any other taxes or penalties imposed under Code Section 409A (“Section 409A
Taxes”), then such payments shall be delayed until the date that is six (6) months after the
Termination Due to Change of Control. Any delayed payments shall be made in a lump sum on the
first day of the seventh month following the Termination Due to Change of Control, or such earlier
date that, as determined by the Corporation, is sufficient to avoid the imposition of any Section
409A Taxes on Executive.

SECTION 3. EXCISE TAX, ATTORNEY FEES.

(a) If the payments under Section 2 in combination with any other payments which the Executive
has the right to receive from the Corporation (the “Total Payments”) would result in the Executive
incurring an excise tax as a result of Section 280(G) of the Code, the Corporation will reimburse
the Executive for such Excise Tax. Such reimbursement will be paid to Executive by the end of the
taxable year following the taxable year in which the Executive remits the related taxes to the
Internal Revenue Service.

(b) If the Executive is required to file a lawsuit to enforce the Executive’s rights under
this Agreement and the Executive prevails in such lawsuit, the Corporation will reimburse the
Executive for attorney fees incurred up to a maximum of $25,000.00.

SECTION 4. DEATH AFTER THE EXECUTIVE HAS BEGUN RECEIVING PAYMENTS.

Should the Executive die after Termination Due to Change of Control, but before receiving all
payments due the Executive hereunder, any remaining payments due shall be made to the Executive’s
Beneficiary.

SECTION 5. CONFIDENTIAL INFORMATION AGREEMENT.

The Executive has obligations under the separate Confidential Information Agreement between
the Executive and the Corporation which continue beyond the Executive’s termination of employment.
The payments to be made hereunder are conditioned upon the Executive’s compliance with the terms of
the Confidential Information Agreement. The payments made hereunder shall be reduced by any
payments the Corporation makes to the Executive under Section 3 of the Confidential Information
Agreement. In the event the Executive violates the provisions of the Confidential Information
Agreement, no further payments shall be due hereunder and the Executive shall be obligated to repay
all previous payments received hereunder in the same manner as provided in Section 4 of the
Confidential Information Agreement.

 

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SECTION 6. MISCELLANEOUS.

(a) Non-Assignability. This Agreement is personal to the Executive and, without the prior
written consent of the Corporation, shall not be assignable by the Executive
otherwise than by will or the laws of descent and distribution. This Agreement shall inure to
the benefit of and be binding upon the Corporation and its successors and assigns and shall also be
enforceable by the Executive’s legal representatives.

(b) Successors. The Corporation shall require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or
assets of the Corporation expressly to assume and agree to perform this Agreement in the same
manner and to the same extent that the Corporation would have been required to perform it if no
such succession had taken place. As used in this Agreement, “Corporation” shall mean both the
Corporation as defined above and any such successor that assumes and agrees to perform this
Agreement, by operation of law or otherwise.

(c) Governing Law. This Agreement shall be governed by, and construed in accordance with, the
laws of the State of Wisconsin, without reference to principles of conflict of laws, to the extent
not preempted by federal law. The captions of this Agreement are not part of the provisions hereof
and shall have no force or effect.

(d) Notices. All notices and other communications under this Agreement shall be in writing
and shall be given by hand delivery to the other party or by registered or certified mail, return
receipt requested, postage prepaid, addressed as follows:

	 	 	 	 	 
	 
	 	If to the Executive:	 	Stephen Millar
	 
	 	 	 	S4-S6 Regents Park Estate
	 
	 	 	 	391 Park Road
	 
	 	 	 	Regents Park
	 
	 	 	 	NSW
	 
	 	 	 	2143
	 
	 	 	 	Australia
	 
	 	 	 	 
	 
	 	If to the Corporation:	 	Brady Corporation
	 
	 	 	 	6555 West Good Hope Road
	 
	 	 	 	Milwaukee, Wisconsin  53223
	 
	 	 	 	Attention:  Corporate Secretary

or to such other address as either party furnishes to the other in writing in accordance with this
paragraph. Notices and communications shall be effective when actually received by the addressee.

(e) Construction. The invalidity or unenforceability of any provision of this Agreement shall
not affect the validity or enforceability of any other provision of this Agreement. If any
provision of this Agreement shall be held invalid or unenforceable in part, the remaining portion
of such provision, together with all other provisions of this Agreement, shall remain valid and
enforceable and continue in full force and effect to the fullest extent consistent with law.

 

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(f) No Guarantee of Employment. Nothing contained in this Agreement shall give the Executive
the right to be retained in the employment of the Corporation or affect the right of the
Corporation to dismiss the Executive.

(g) Amendment; Entire Agreement. This Agreement may not be amended or modified except by a
written agreement executed by the parties hereto or their respective successors and legal
representatives. This Agreement contains the entire agreement between the parties on the subjects
covered and replaces all prior writings, proposals, specifications or other oral or written
materials relating thereto.

(h) Impact on Other Plans. No amounts paid to the Executive under this Agreement will be
taken into account as “wages”, “salary”, “base pay” or any other type of compensation when
determining the amount of any payment or allocation, or for any other purpose, under any other
qualified or nonqualified plan or agreement of the Corporation, except as otherwise may be
specifically provided by such plan or agreement.

(i) Other Agreements. This Agreement supersedes any other severance arrangement or Change of
Control Agreement between the Corporation and the Executive. This Agreement does not confer any
payments or benefits other than the payments described in Sections 2 and 3 hereof.

(j) Withholding. To the extent required by law, the Corporation shall withhold any taxes
required to be withheld with respect to this Agreement by the federal, state or local government
from payments made hereunder or from other amounts paid to the Executive by the Corporation.

(k) Facility of Payment. If the Executive or, if applicable, the Executive’s Beneficiary, is
under legal disability, the Corporation may direct that payments be made to a relative of such
person for the benefit of such person, without the intervention of any legal guardian or
conservator, or to any legal guardian or conservator of such person. Any such distribution shall
constitute a full discharge with respect to the Corporation and the Corporation shall not be
required to see to the application of any distribution so made.

SECTION 7. CLAIMS PROCEDURE.

(a) Claim Review. If the Executive or the Executive’s Beneficiary (a “Claimant”) believes
that he or she has been denied all or a portion of a benefit under this Agreement, he or she may
file a written claim for benefits with the Corporation. The Corporation shall review the claim and
notify the Claimant of the Corporation’s decision within 60 days of receipt of such claim, unless
the Claimant receives written notice prior to the end of the 60 day period stating that special
circumstances require an extension of the time for decision. The Corporation’s decision shall be
in writing, sent by mail to the Claimant’s last known address, and if a denial of the claim, must
contain the specific reasons for the denial, reference to pertinent provisions of this Agreement on
which the denial is based, a designation of any additional material necessary to perfect the claim,
and an explanation of the claim review procedure.

 

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(b) Appeal Procedure to the Board. A Claimant is entitled to request a review of any denial
by the full Board by written request to the Chair of the Board within 60 days of receipt of the
denial. Absent a request for review within the 60-day period, the claim will be deemed to be
conclusively denied. The Board shall afford the Claimant the opportunity to review all pertinent
documents and submit issues and comments in writing and shall render a review decision in writing,
all within 60 days after receipt of a request for review (provided that, in special circumstances
the Board may extend the time for decision by not more than 60 days upon written notice to the
Claimant.) The Board’s review decision shall contain specific reasons for the decision and
reference to the pertinent provisions of this Agreement.

IN WITNESS WHEREOF, the Executive has signed this Agreement and, pursuant to the authorization
of the Board, the Corporation has caused this Agreement to be signed, all as of the date first set
forth above.

	 	 	 	 	 
	 	                                              /s/ STEPHEN MILLAR
 	 
	 	Stephen Millar 	 
	 	President Asia-Pacific & VP Brady Corporation 	 
	 
	 	Brady Corporation

 	 
	 	/s/ KRISTA J. EBBENS
 	 
	 	Krista J. Ebbens 	 
	 	Corporate Secretary 	 

 

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EXHIBIT 4.9

NORTEK, INC.

GLOBAL NOTE

representing up to $

10% Senior Notes due 2018

			
	 	 	 
	No.
	 	CUSIP No.

Principal Amount: $

     NORTEK, INC., a Delaware corporation (the “Issuer,” which term includes any successor
corporation), for value received, promises to pay to CEDE & CO. or its registered assigns, the
principal sum of ($ ) on December 1, 2018.

     Interest Payment Dates: June 1 and December 1, commencing June 1, 2011.

     Record Dates: May 15 and November 15.

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

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

	 	 	 	 	 
	 	NORTEK, INC.

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

CERTIFICATE OF AUTHENTICATION

     This is one of the 10% Senior Notes due 2018 described in the within-mentioned Indenture.

Dated:

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	
 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

 

 

	 	 	 	 	 

(Reverse of Note)

Nortek, Inc.

10% Senior Notes due 2018

     THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS NOTE IS NOT
EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE
EXCEPT 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 DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

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

     SECTION 1. Interest. Nortek, Inc., a Delaware corporation (the “Issuer”), promises
to pay interest on the principal amount of this Note at 10% per annum. The Issuer will pay cash
interest semi-annually in arrears on June 1 and December 1, commencing on June 1, 2011. The Issuer
will make each interest payment to the Holders of record on the immediately preceding May 15 and
November 15. Interest will be computed on the basis of a 360-day year comprised of twelve 30-day
months.

     SECTION 2. Method of Payment. The Issuer will pay interest on the Notes (except
defaulted interest) to the Persons who are registered Holders of Notes at the close of business 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
2.13 of the Indenture with respect to defaulted interest. The Notes will be issued in
denominations of $2,000 and integral multiples of $1,000 in excess thereof. Issuer shall pay
principal, premium, if any and interest on the Notes 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 (“U.S.
Legal Tender”). Principal, premium, if any, and interest on the Notes will be payable at the
office or agency of the Issuer maintained for such purpose or, at the option of the Issuer, payment
of interest may be made by check mailed to the Holders at their respective addresses set forth in
the register of Holders; provided that all payments of principal, premium and interest with respect
to Notes the Holders of which have given wire transfer instructions to the Issuer prior to the
Record Date will be required to be made by wire transfer of immediately available funds to the
accounts specified by the Holders thereof. Until otherwise designated by the Issuer, the Issuer’s
office or agency in New York will be the office of the Trustee maintained for such purpose.

     SECTION 3. Paying Agent and Registrar. Initially, U.S. Bank National Association,
the Trustee under the Indenture, will act as Paying Agent and Registrar. The Issuer may change any
Paying Agent or Registrar without notice to any Holder. The Issuer or any of its Subsidiaries may
act in any such capacity.

     SECTION 4. Indenture. The Issuer issued the Notes under an Indenture dated as of
November 23, 2010 (the “Indenture”) among the Issuer, 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 Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb) (the “TIA”). The
Notes are subject to all such terms, and Holders are referred to the Indenture and the TIA 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.

 

 

     SECTION 5. Optional Redemption.

     (a) At any time prior to December 1, 2013, the Issuer shall be entitled on any one or more
occasions to redeem up to 35% of the aggregate principal amount of Notes issued under the Indenture
(which includes any Additional Notes) at a Redemption Price of 110.000% of the principal amount
thereof, plus accrued and unpaid interest thereon, to the Redemption Date, with the net cash
proceeds of one or more Designated Offerings of the Issuer (or of any Parent to the extent such
proceeds are contributed to the equity capital of the Issuer, other than in the form of
Disqualified Stock); provided that (1) at least 65% of the aggregate principal amount of Notes
issued under the Indenture (which includes any Additional Notes) remains outstanding immediately
after the occurrence of such redemption (excluding Notes held by the Issuer and its Subsidiaries)
and (2) such redemption occurs within 90 days of the date of the closing of such Designated
Offering. Notice of any redemption upon any Designated Offering may be given prior to such
redemption, and any such redemption or notice may, at the Issuer’s discretion, be subject to one or
more conditions precedent, including, but not limited to, completion of the related Designated
Offering.

     (b) On or after December 1, 2014, the Issuer shall be entitled to redeem all or part of the
Notes, at the Redemption Prices (expressed as percentages of principal amount) set forth below plus
accrued and unpaid interest and Additional Interest, if any, thereon, to the applicable Redemption
Date, if redeemed during the twelve-month period beginning on December 1 of the years indicated
below:

	 	 	 	 	 
	Year	 	Percentage	 
	2014
	 	 	105.000	%
	2015
	 	 	102.500	%
	2016 and thereafter
	 	 	100.000	%

     (c) In addition, at any time and from time to time prior to December, 2014, the Company may
redeem all or any portion of the Notes outstanding at a redemption price equal to (i) 100% of the
aggregate principal amount of the Notes to be redeemed, together with accrued and unpaid interest
and Additional Interest, if any, thereon to such redemption date, plus (ii) the Make Whole Amount.

     SECTION 6. Offers to Purchase. The Indenture provides that upon the occurrence of a
Change of Control or an Asset Sale and subject to further limitations contained therein, the Issuer
shall make an offer to purchase outstanding Notes in accordance with the procedures set forth in
the Indenture.

     SECTION 7. Notice of Redemption. Notice of redemption will be mailed by first class
mail at least 30 days but not more than 60 days before the Redemption Date to each Holder of the
Notes to be redeemed at its registered address. No Notes of $2,000 or less shall be redeemed in
part. If any Note is to be redeemed in part only, the notice of redemption that relates to such
Note shall state the portion of the principal amount thereof to be redeemed. A new Note in
principal amount equal to the unredeemed portion of the original Note will be issued in the name of
the Holder thereof upon cancellation of the original Note. On and after the Redemption Date,
interest ceases to accrue on Notes or portions of them called for redemption.

     SECTION 8. Denominations, Transfer, Exchange. The Notes are in registered form
without coupons in denominations of $2,000 principal amount and integral multiples of $1,000 in
excess thereof. The transfer of the Notes may be registered and the 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 Issuer may require a Holder to
pay any taxes and fees required by law or permitted by the Indenture. The Issuer or the Registrar
is not required to transfer or

 

 

exchange any Note selected for redemption. Also, the Issuer or the Registrar is not required
to transfer or exchange any Notes for a period of 15 days before a selection of the Notes to be
redeemed.

     SECTION 9. Persons Deemed Owners. The registered Holder of a Note may be treated as
its owner for all purposes.

     SECTION 10. Amendment, Supplement and Waiver. Subject to certain exceptions, the
Indenture may be amended or supplemented with the written consent of the Holders of at least a
majority in aggregate principal amount of the Notes then outstanding, and any existing Default or
compliance with any provision may be waived with the consent of the Holders of a majority in
aggregate principal amount of the Notes then outstanding. Without notice to or consent of any
Holder, the parties thereto may amend or supplement the Indenture, to, among other things, cure any
ambiguity, defect or inconsistency in the Indenture, provide for uncertificated Notes in addition
to certificated Notes, comply with any requirements of the Commission in connection with the
qualification of the Indenture under the TIA, or make any change that does not adversely affect the
rights of any Holder of a Note.

     SECTION 11. Defaults and Remedies. If a Default occurs and is continuing, the
Trustee or the Holders of at least 25% in aggregate principal amount of the then outstanding Notes
generally may declare the principal of and accrued interest, if any, on such Notes to be due and
payable immediately. Notwithstanding the foregoing, in the case of a Default arising from certain
events of bankruptcy or insolvency as set forth in the Indenture all outstanding Notes will become
due and payable without further action or notice. Holders of the Notes may not enforce the
Indenture or the Notes except as provided in the Indenture. Subject to certain limitations,
Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the
Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice of any
continuing Default (except a Default relating to the payment of principal or interest) if it
determines that withholding notice is in their interest. The Holders of a majority in aggregate
principal amount of the Notes then outstanding by notice to the Trustee may on behalf of the
Holders of all of the Notes waive any Default and its consequences under the Indenture except a
continuing Default in the payment of interest on, or the principal of the Notes or in respect of
certain covenants set forth in the Indenture.

     SECTION 12. Restrictive Covenants. The Indenture contains certain covenants that,
among other things, limit the ability of the Issuer and its Restricted Subsidiaries to make
restricted payments, to incur indebtedness, to create liens, to sell assets, to permit restrictions
on dividends and other payments by Restricted Subsidiaries of the Issuer, to consolidate, merge or
sell all or substantially all of its assets or to engage in transactions with affiliates. The
limitations are subject to a number of important qualifications and exceptions. The Issuer must
annually report to the Trustee on compliance with such limitations.

     SECTION 13. No Recourse Against Others. No director, officer, employee,
incorporator, member, partner or stockholder of the Issuer, any Guarantor, any Subsidiary, or any
Parent shall have any liability for any obligations of the Issuer or the Guarantors under the
Notes, the Indenture or the Note Guarantees or for any claim based on, in respect of, or by reason
of, such obligations or their creation. Each Holder of the 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.

     SECTION 14. Trustee Dealings with the Issuer. The Trustee under the Indenture, in
its individual or any other capacity, may become the owner or pledgee of the Notes and may
otherwise deal with the Issuer, its Subsidiaries or their respective Affiliates as if it were not
the Trustee.

 

 

     SECTION 15. Authentication. This Note shall not be valid until authenticated by the
manual signature of the Trustee or an authenticating agent.

     SECTION 16. 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
entirety), 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).

     SECTION 17. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee
on Uniform Security Identification Procedures, the Issuer 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.

     SECTION 18. Guarantees. The Note will be entitled to the benefits of certain
Guarantees made for the benefit of the Holders. Reference is hereby made to the Indenture for a
statement of the respective rights, limitations of rights, duties and obligations thereunder of the
Guarantors, the Trustee and the Holders.

     SECTION 19. Governing Law. This Note shall be governed by, and construed in
accordance with, the laws of the State of New York.

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

 

 

ASSIGNMENT FORM

     I or we assign and transfer this Note to:

 

(Insert assignee’s social security or tax I.D. number)

 

(Print or type name, address and zip code of assignee)

     and irrevocably appoint:

     Agent to transfer this Note on the books of the Issuer. The Agent may substitute another to
act for him.

	 	 	 	 	 
	 	 	 
	Date: ___________________ 	Your Signature:  	
 	 
	 	 	(Sign exactly as your name appears on the other side of this Note) 	 
	 	 	 	 
	 

Signature Guarantee:__________________________________

SIGNATURE GUARANTEE

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

 

 

OPTION OF HOLDER TO ELECT PURCHASE

     If you want to elect to have this Note purchased by the Issuer pursuant to Section 4.09 or
Section 4.13 of the Indenture, check the appropriate box:

Section 4.09 o       Section 4.13 o

     If you want to elect to have only part of this Note purchased by the Issuer pursuant to
Section 4.09 or Section 4.13 of the Indenture, state the amount: $

	 	 	 	 	 
	 	 	 
	Dated: ___________________ 	Your Signature:  	
 	 
	 	 	(Sign exactly as your name appears on the other side of this Note) 	 
	 	 	 	 
	 

	 	 	 	 	 

	Signature Guarantee:
	 	 	 	 
	 

	 	Participant in a recognized Signature Guarantee	 	 
	 

	 	Medallion Program (or other signature guarantor	 	 
	 

	 	program reasonably acceptable to the Trustee)

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