Document:

f8k081810ex10i_fund.htm

Exhibit 10.1

 

AGREEMENT OF RESCISSION

THIS AGREEMENT (“Rescission Agreement”) is made and entered into this 18th day of August 2010 by and among FUND.COM, INC., a Delaware corporation, and successor-in-interest by merger to Meade Capital, Inc. (“FNDM”), VENSURE RETIREMENT ADMINISTRATION, INC., a Delaware corporation (“VRA”); and VENSURE EMPLOYER SERVICES, INC., an Arizona corporation (“Vensure”).  FNDM, VRA and Vensure are hereinafter sometimes collectively referred to as the “Parties.”

W I T N E S S E T H:

WHEREAS, on September 24, 2009, Vensure, FNDM and the stockholders of Vensure entered into a securities purchase agreement (the “Purchase Agreement”) pursuant to which, inter alia (a) FNDM agreed to assign to Vensure all of Assignor’s right, title and interest in and to a certificate of deposit in the original amount of (USD) $20,000,000 (the “Certificate of Deposit”) issued in favor of FNDM on November 9, 2007 by Global Bank of Commerce Limited, a banking corporation organized under the laws of Antigua and Barbuda (the “Bank”), in exchange for (b) shares of the Series A Preferred Stock of Vensure, as described in the Purchase Agreement; and

WHEREAS, pursuant to an agreement, also dated November 9, 2007, between FNDM and the Bank (the “Exchange Agreement”), FNDM agreed that the Bank had the absolute and unconditional right to exchange and swap all of its obligations under the Certificate of Deposit for a 5% annuity policy maturing November 9, 2017 (the “Annuity”), evidenced by Certificate #NPH-SWAP-2007-GBC-01, and issued by NatProv Holdings, Inc., a British Virgin Islands corporation (“NatProv”); and

WHEREAS, the Bank advised FNDM in October 2009 that it intended to exercise its rights under the Exchange Agreement and swap the Certificate of Deposit for the Annuity; and

WHEREAS, on November 2, 2009, the Parties entered into an agreement  (the “Amendment Agreement”) pursuant to which VRA and Vensure accepted the assignment of the Annuity in lieu of the Certificate of Deposit; and

WHEREAS, it was the obligation of Vensure to deliver to FNDM audited financial statements of Vensure and its consolidated subsidiaries as at December 31, 2009 and for the two fiscal years ended December 31, 2009; and

WHEREAS, another of the material covenants and agreements contained in the Purchase Agreement and the Investment Agreement, was the obligation of FNDM (through its subsidiary) to provide educational content to Vensure which was to be marketed to Vensure employees; and

WHEREAS, inasmuch as Vensure did not timely complete the audit of the foregoing financial statements, and FNDM was unable to provide sufficient educational content, each of the Parties desires to rescind, ab initio, all of the transactions contemplated by the Purchases Agreement, the Amendment Agreement and a related Stockholders Agreement, dated September 29, 2009 (the “Stockholders Agreement” and together with the Purchase Agreement and the Amendment Agreement, collectively, the “Transaction Agreements”).

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto intending to be bound hereby, it is agreed as follows:

 

  

1

  

 

1.             Rescission of Transaction Agreements. By their execution of this Agreement:

(a)           Each of the Parties do hereby rescind, ab initio all of the transactions contemplated by the Transaction Agreements.

 

 

(b)           Each of VRA and Vensure do hereby agree to return to FNDM the Annuity and to execute such other documents of transfer and assignment so as to vest good and marketable title in and to the Annuity in FNDM or its transferee(s).

(c)           FNDM does hereby agree to transfer and assign to Vensure all, and not less than all, of the 218,883.33 shares of Series A Preferred Stock Vensure issued as payment of the Purchase Price for the Annuity under the Purchase Agreement and the Amendment Agreement.  As soon as practicable following the date of execution of this Rescission Agreement, FNDM shall return to Vensure for cancellation all stock certificates evidencing such shares of Series A Preferred Stock.

(d)           Each of the Parties do hereby agree that all of the Transaction Agreements and all of documents and instruments relating thereto are hereby terminated, rescinded and rendered null and void, ab initio.

2.             Mutual Releases.  In consideration for the above, and except with respect to the performance of obligations contained in this Agreement, each of the Parties, on behalf of themselves and their representatives, successors and assigns, by execution of this Agreement, does hereby fully, completely and unconditionally forever release and discharge each other and their respective successors, assigns, current and former employees, directors, officers, trustees, shareholders, members, agents, parents, affiliates, subsidiaries, representatives, insurers, attorneys, independent contractors and all other related or affiliated persons and entities of and from any and all liability, claims, causes, demands, obligations, actions, contracts, promises, agreements, damages, attorneys’ fees, costs, liabilities, rights and allegations of whatever kind and nature, known or unknown, including, but not limited to, such matters based on, arising out of, or related to the Transaction Agreements.  This release includes, but shall not be limited to, any and all claims for breach of contract, implied or express; impairment of economic or business opportunity; intentional or negligent infliction of emotional distress; false arrest; assault; battery; false imprisonment; prima facie tort; defamation; libel; slander; negligent termination; malicious prosecution; or any other tort, whether intentional or negligent; or any claim or cause of action known or unknown.

3.             Miscellaneous.

(a)           Each of FNDM, Vensure and VRA do hereby covenant and agree that the execution and delivery of this Rescission Agreement has been duly authorized by all necessary corporate action and represents a valid and binding agreement and obligation of each of them.  Each of the Parties shall deliver to the other resolutions of their respective boards of directors in form and content to the legal counsel to the Parties.

(b)           This Rescission Agreement may be executed in one or more counterparts and taken together shall constitute a final and binding agreement of the parties.

(c)           This Rescission Agreement may be executed and delivered by facsimile signatures, all of which shall have the same force and effect as ribbon original signatures.

(d)           The Parties acknowledge that Hodgson Russ LLP has represented FNDM in this transaction and that Robert Morley, Esq. has represented Vensure and VRA in this transaction.

(e)           This Rescission Agreement shall be governed by the law of the State of New York.

 

  

2

  

 

IN WITNESS WHEREOF, the parties have executed and delivered this Rescission Agreement, the date and year first above written.

 

 

	FUND.COM, INC.  	 	 	VENSURE EMPLOYER SERVICES, INC.	 
	 	 	 	 	 
	
/s/ Gregory Webster

	 	 	
/s/ Thomas Lindsay

	 
	
Gregory Webster, CEO 

	 	 	
Thomas Lindsay, President

	 
	
 

	 	 	
 

	 

 

	VENSURE RETIREMENT ADMINISTRATION, INC.	 	 	 
	 	 	 	 
	
/s/Thomas Lindsay

	 	 	 
	
Thomas Lindsay, President

	 	 	 
	
 

	 	 	 

 

  

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ASSIGNMENT AND SECURITIES POWER

 

 

FOR VALUE RECEIVED, effective as of August 16, 2010 (the “Effective Assignment Date”) the undersigned VENSURE RETIREMENT ADMINISTRATION, INC., a Delaware corporation (the “Assignor”) or its “affiliates” (as that term is defined under Rule 405 promulgated under the Securities Act of 1933, as amended) does by these presents hereby sell, transfer and assign unto FUND.COM, INC., a Delaware corporation (the “Assignee”) or its “affiliates” (as that term is defined under Rule 405 promulgated under the Securities Act of 1933, as amended) or assigns, that certain annuity policy, evidenced by Certificate #NPH-SWAP-2007-GBC-01, issued by NatProv Holdings, Inc., a British Virgin Islands corporation (the “Annuity”), and do hereby irrevocably constitute and appoint  as attorney to transfer the said Annuity on the books of said Assignee, with full power of substitution in the premises.

 

	
VENSURE RETIREMENT

ADMINISTRATION, INC.

(a Delaware corporation)

 

 

By: /s/ Thomas Lindsay____________________

Print Name: Thomas Lindsay

Title: President

 

Dated: August 18, 2010

 

	
VENSURE EMPLOYER SERVICES, INC.:

(an Arizona corporation)

 

 

Signature: /s/ Thomas Lindsay________________ 

Print Name:  Thomas Lindsay, President

 

 

STATE OF ARIZONA

COUNTY OF MARICOPA:

On this 18th day of August 2010, before me, a Notary Public in and for the State of Arizona, County of Maricopa, came Thomas Lindsay who confirmed to me that he is the President of each of Vensure Retirement Administration, Inc. and its parent, Vensure Employer Services, Inc., and duly authorized by such entity to execute this instrument.

  

4

  

 

CONSENT TO ASSIGNMENT

The undersigned as issuer of the Annuity referred to in the foregoing Assignment and Securities Power does hereby consent to the assignment and transfer of the Annuity to the Assignee named therein and does hereby confirm that Fund.com, Inc. is the holder and beneficiary of such Annuity.

 

	 	NATPROV HOLDINGS, LTD.	 
	 	 	 	 
	
 

	
By: 

	/s/ John Greenwood	 
	 	 	John Greenwood	 
	 	 	President and Chief Executive Officer	 
	 	 	 	 

 

Dated: August 18, 2010

 

  

5

  

ASSIGNMENT AND SECURITIES POWER

 

 

FOR VALUE RECEIVED, effective as of August 18, 2010 (the “Effective Assignment Date”) the undersigned FUND.COM, INC., a Delaware corporation (the “Assignor”) does by these presents hereby sell, transfer and assign unto VENSURE EMPLOYER SERVICES, INC., an Arizona corporation (the “Assignee”) or its “affiliates” (as that term is defined under Rule 405 promulgated under the Securities Act of 1933, as amended) or assigns, 218,883.33 shares of the Series A Preferred Stock of the Assignee (the “Shares”), having stated or liquidation value of $100.00 per share (the “Vensure Series A Preferred Stock”),and do hereby irrevocably constitute and appoint  as attorney to transfer the said Shares on the books of said Assignee, with full power of substitution in the premises.

 

	
FUND.COM, INC.

(a Delaware corporation)

 

 

By: /s/ Gregory Webster_____________________ 

Print Name: Gregory Webster

Title: Chief Executive Officer

 

Dated: August 18, 2010

 

	  

STATE OF NEW YORK

COUNTY OF NEW YORK:

On this 18th day of August 2010, before me, a Notary Public in and for the State of New York, County of New York, came Gregory Webster who confirmed to me that he is the Chief Executive Officer of Fund.com, Inc., a Delaware corporation, and duly authorized by such entity to execute this instrument.

 

 

6EX-4.1

FERRO CORPORATION

7.875% SENIOR NOTES DUE 2018

FIRST SUPPLEMENTAL INDENTURE

Dated as of August 24, 2010

WILMINGTON TRUST FSB

Trustee

 

 

 

 

CROSS-REFERENCE TABLE*

	 	 	 	 	 
	Trust Indenture

Act Section

	 	

Indenture Section

	310(a)(1).

	 	 	7.10	 
	(a)(2)

	 	 	7.10	 
	(a)(3)

	 	 	N.A.	 
	(a)(4)

	 	 	N.A.	 
	(a)(5)

	 	 	7.10	 
	(b).

	 	 	7.10	 
	(c).

	 	 	N.A.	 
	311(a).

	 	 	7.11	 
	(b).

	 	 	7.11	 
	(c).

	 	 	N.A.	 
	312(a).

	 	 	2.05	 
	(b).

	 	 	12.03	 
	(c).

	 	 	12.03	 
	313(a).

	 	 	7.06	 
	(b)(2)

	 	 	7.06; 7.07	 
	(c).

	 	 	7.06; 12.02	 
	(d).

	 	 	7.06	 
	314(a).

	 	 	12.05	 
	(c)(3)

	 	 	N.A.	 
	(e).

	 	 	12.05	 
	(f).

	 	 	N.A.	 
	316(a)(2).

	 	 	N.A.	 
	318(b).

	 	 	N.A.	 
	(c).

	 	 	12.01	 

N.A. means not applicable.

* This Cross Reference Table is not part of the Supplemental Indenture.

  

 
 
 

TABLE OF CONTENTS

Page

ARTICLE 1

DEFINITIONS AND INCORPORATION

BY REFERENCE

	 	 	 
	Section 1.01

Section 1.02

Section 1.03

Section 1.04

	 	Definitions.

Other Definitions.

Incorporation by Reference of Trust Indenture Act.

Rules of Construction.

ARTICLE 2

THE NOTES

	 	 	 
	Section 2.01

Section 2.02

Section 2.03

Section 2.04

Section 2.05

Section 2.06

Section 2.07

Section 2.08

Section 2.09

Section 2.10

Section 2.11

Section 2.12

	 	Form and Dating.

Execution and Authentication.

Registrar and Paying Agent.

Paying Agent to Hold Money in Trust.

Holder Lists.

Transfer and Exchange.

Replacement Notes.

Outstanding Notes.

Treasury Notes.

Temporary Notes.

Cancellation.

Defaulted Interest.

ARTICLE 3

REDEMPTION AND PREPAYMENT

	 	 	 
	Section 3.01

Section 3.02

Section 3.03

Section 3.04

Section 3.05

Section 3.06

Section 3.07

Section 3.08

Section 3.09

	 	Notices to Trustee.

Selection of Notes to Be Redeemed or Purchased.

Notice of Redemption.

Effect of Notice of Redemption.

Deposit of Redemption or Purchase Price.

Notes Redeemed or Purchased in Part.

Optional Redemption.

Mandatory Redemption.

Offer to Purchase by Application of Excess Proceeds.

ARTICLE 4

COVENANTS

	 	 	 
	Section 4.01

Section 4.02

Section 4.03

Section 4.04

Section 4.05

Section 4.06

Section 4.07

Section 4.08

Section 4.09

Section 4.10

Section 4.11

Section 4.12

Section 4.13

Section 4.14

Section 4.15

Section 4.16

Section 4.17

Section 4.18

Section 4.19

	 	Payment of Notes.

Maintenance of Office or Agency.

Reports.

Compliance Certificate.

Taxes.

Stay, Extension and Usury Laws.

Restricted Payments.

Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries.

Incurrence of Indebtedness and Issuance of Preferred Stock.

Asset Sales.

Transactions with Affiliates.

Liens.

Reserved.

Corporate Existence.

Offer to Repurchase Upon Change of Control.

Changes in Covenants When Notes Rated Investment Grade.

Limitation on Sale and Leaseback Transactions.

Payments for Consent.

Designation of Restricted and Unrestricted Subsidiaries.

ARTICLE 5

SUCCESSORS

	 	 	 
	Section 5.01

Section 5.02

	 	Merger, Consolidation or Sale of Assets.

Successor Corporation Substituted.

ARTICLE 6

DEFAULTS AND REMEDIES

	 	 	 
	Section 6.01

Section 6.02

Section 6.03

Section 6.04

Section 6.05

Section 6.06

Section 6.07

Section 6.08

Section 6.09

Section 6.10

Section 6.11

	 	Events of Default.

Acceleration.

Other Remedies.

Waiver of Past Defaults.

Control by Majority.

Limitation on Suits.

Rights of Holders of Notes to Receive Payment.

Collection Suit by Trustee.

Trustee May File Proofs of Claim.

Priorities.

Undertaking for Costs.

ARTICLE 7

TRUSTEE

	 	 	 
	Section 7.01

Section 7.02

Section 7.03

Section 7.04

Section 7.05

Section 7.06

Section 7.07

Section 7.08

Section 7.09

Section 7.10

Section 7.11

	 	Duties of Trustee.

Rights of Trustee.

Individual Rights of Trustee.

Trustee’s Disclaimer.

Notice of Defaults.

Reports by Trustee to Holders of the Notes.

Compensation and Indemnity.

Replacement of Trustee.

Successor Trustee by Merger, etc.

Eligibility; Disqualification.

Preferential Collection of Claims Against Company.

ARTICLE 8

LEGAL DEFEASANCE AND COVENANT DEFEASANCE

	 	 	 
	Section 8.01

Section 8.02

Section 8.03

Section 8.04

	 	Option to Effect Legal Defeasance or Covenant Defeasance.

Legal Defeasance and Discharge.

Covenant Defeasance.

Conditions to Legal or Covenant Defeasance.

	 	 	 	Section 8.05 Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous
Provisions.

	 	 	 
	Section 8.06

Section 8.07

	 	Repayment to Company.

Reinstatement.

ARTICLE 9

AMENDMENT, SUPPLEMENT AND WAIVER

	 	 	 
	Section 9.01

Section 9.02

Section 9.03

Section 9.04

Section 9.05

Section 9.06

	 	Without Consent of Holders of Notes.

With Consent of Holders of Notes.

Compliance with Trust Indenture Act.

Revocation and Effect of Consents.

Notation on or Exchange of Notes.

Trustee to Sign Amendments, etc.

ARTICLE 10

FUTURE SUBSIDIARY GUARANTEES

	 	 	 
	Section 10.01.

Section 10.02.

Section 10.03.

Section 10.04.

Section 10.05.

	 	Future Subsidiary Guarantees.

Limitation on Guarantor Liability.

Execution and Delivery of Note Guarantee.

Guarantors May Consolidate, etc., on Certain Terms.

Releases.

ARTICLE 11

SATISFACTION AND DISCHARGE

	 	 	 
	Section 11.01

Section 11.02

	 	Satisfaction and Discharge.

Application of Trust Money.

ARTICLE 12

MISCELLANEOUS

	 	 	 
	Section 12.01

Section 12.02

Section 12.03

Section 12.04

Section 12.05

Section 12.06

Section 12.07

Section 12.08

Section 12.09

Section 12.10

Section 12.11

Section 12.12

Section 12.13

	 	Trust Indenture Act Controls.

Notices.

Communication by Holders of Notes with Other Holders of Notes.

Certificate and Opinion as to Conditions Precedent.

Statements Required in Certificate or Opinion.

Rules by Trustee and Agents.

No Personal Liability of Directors, Officers, Employees and Shareholders.

Governing Law.

No Adverse Interpretation of Other Agreements.

Successors.

Severability.

Counterpart Originals.

Table of Contents, Headings, etc.

EXHIBITS

	 	 	 
	Exhibit A

Exhibit B

Exhibit C

	 	FORM OF NOTE

FORM OF NOTATION OF GUARANTEE

FORM OF SUPPLEMENTAL INDENTURE

FIRST SUPPLEMENTAL INDENTURE, dated as of August 24, 2010, between Ferro Corporation,
an Ohio corporation (the “Company”), and Wilmington Trust FSB, as trustee (the “Trustee”).

WHEREAS, the Company has heretofore executed and delivered an Indenture, dated as of August
24, 2010 (the “Base Indenture”), between the Company and the Trustee, providing for the issuance
from time to time of one or more series of the Company’s securities.

WHEREAS, the Company has duly authorized the issuance of 7.875% Senior Notes due 2018 (as they
may be issued from time to time under this Supplemental Indenture, including any additional notes,
the “Notes”), and in connection therewith, the Company has duly determined to make, execute and
deliver this Supplemental Indenture to set forth the terms and provisions of the Notes as
contemplated by the Base Indenture. This Supplemental Indenture restates in their entirety the
terms of the Base Indenture as supplemented by this Supplemental Indenture and does not incorporate
the terms of the Base Indenture. The changes, modifications and supplements to the Base Indenture
affected by this Supplemental Indenture shall be applicable only with respect to, and shall only
govern the terms of, the Notes, except as otherwise provided herein, and shall not apply to any
other securities that may be issued under the Base Indenture unless a supplemental indenture with
respect to such other securities specifically incorporates such changes, modifications and
supplements.

The Company and the Trustee agree as follows for the benefit of each other and for the equal
and ratable benefit of the Holders (as defined) of the Notes:

ARTICLE 1

DEFINITIONS AND INCORPORATION

BY REFERENCE

Section 1.01 Definitions.

“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 Restricted 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” means additional Notes (other than the Initial Notes) issued under this
Supplemental Indenture in accordance with Sections 2.02 and 4.09 hereof, as part of the same series
as the Initial Notes.

“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;
provided that beneficial ownership of 20% or more of the Voting Stock of a Person will be deemed to
be control. For purposes of this Definition, the terms “controlling,” “controlled by” and “under
common control with” have correlative meanings.

“Agent” means any Registrar, co-registrar, Paying Agent or additional paying agent.

“Applicable Premium” means, with respect to any Note on any redemption date, as of such date,
the greater of:

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

(2) the excess of: (a) the present value at such redemption date of (i) the redemption
price of the Note at August 15, 2014, (such redemption price being set forth in the table
appearing in Section 3.07 hereof) plus (ii) all required interest payments due on the Note
through August 15, 2014, (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.

“Applicable Procedures” means, with respect to any transfer or exchange of or for beneficial
interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream
that apply to such transfer or exchange.

“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 4.15 and/or Section
5.01 and not by Section 4.10 of this Supplemental Indenture; 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 directors’ qualifying shares or shares
required by applicable law to be held by a Person other than the Company or a Restricted
Subsidiary).

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
(including the issuance or sale of any Equity Interests of any Restricted Subsidiary) having
a Fair Market Value of less than the greater of (i) $30.0 million and (ii) 2.25% of the
Company’s Consolidated Total Assets;

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

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

(4) the sale, assignment, license, sub-license, lease or sub-lease of products,
services, property or accounts receivable in the ordinary course of business and any sale or
other disposition of damaged, worn-out or obsolete assets in the ordinary course of
business;

(5) the sale or other disposition of cash or Cash Equivalents;

(6) a Restricted Payment that does not violate Section 4.07 hereof, or a Permitted
Investment;

(7) sales of accounts receivable, or participations therein, in connection with any
Receivables Facility;

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

(9) foreclosures on assets;

(10) dispositions of an account receivable in connection with the collection or
compromise thereof; and

(11) the grant in the ordinary course of business of any licenses of patents,
trademarks, know-how and any other intellectual property.

“Attributable Debt” in respect of a sale and leaseback transaction means, at the time of
determination, the present value of the obligation of the lessee for net rental payments during the
remaining term of the lease included in such sale and leaseback transaction including any period
for which such lease has been extended or may, at the option of the lessor, be extended. Such
present value shall be calculated using a discount rate equal to the rate of interest implicit in
such transaction, determined in accordance with GAAP; provided, however, that if such sale and
leaseback transaction results in a Capital Lease Obligation, the amount of Indebtedness represented
thereby will be determined in accordance with the Definition of “Capital Lease Obligation.”

“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.

“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.

“Borrowing Base” means, as of any date, an amount equal to the sum of:

(1) 80% of the book value of all accounts receivable owned by the Company and its
Restricted Subsidiaries, plus

(2) 50% of the book value of all inventory owned by the Company and its Restricted
Subsidiaries,

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

“Business Day” means any day other than a Legal Holiday.

“Capital Lease Obligation” means, at the time any determination is to be made, the amount of
the liability in respect of a capital lease that would at that time be required to be capitalized
on a balance sheet prepared in accordance with GAAP (provided, however, that if subsequent to the
date of this Supplemental Indenture, there is a change in GAAP such that certain obligations that
previously were not treated as a Capital Lease Obligation under GAAP would be treated as a Capital
Lease Obligation under GAAP as then in effect, such obligations shall not be treated as Capital
Lease Obligations), and the Stated Maturity thereof shall be the date of the last payment of rent
or any other amount due under such lease prior to the first date upon which such lease may be
prepaid by the lessee without payment of a penalty.

“Capital Stock” means:

(1) in the case of a corporation, shares of capital stock of any class of the
corporation whether now or hereafter authorized regardless of whether such capital stock
shall be limited to a fixed sum or percentage in respect of the rights of the holders
thereof to participate in dividends and in the distribution of assets upon any voluntary or
involuntary liquidation, dissolution or winding up;

(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 convertible into Capital Stock,
whether or not such debt securities include any right of participation with Capital Stock.

“Cash Equivalents” means:

(1) United States dollars, UK pounds sterling, Euro, and Japanese Yen;

(2) securities issued or directly and fully guaranteed or insured by the United States
government or a State thereof which is rated “A” (or such similar equivalent rating) or
higher by at least one nationally recognized statistically rating organization (as defined
in Rule 436 under the Securities Act) (or any agency or instrumentality thereof provided
that the full faith and credit of the United States or applicable State thereof is pledged
in support of those securities) having maturities of not more than six months from the date
of acquisition;

(3) 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 the Credit
Agreement or with any domestic commercial bank having capital and surplus in excess of
$500.0 million and a Thomson Bank Watch Rating of “B” or better;

(4) repurchase obligations with a term of not more than thirty days for underlying
securities of the types described in Clauses (2) and (3) above entered into with any
financial institution meeting the qualifications specified in Clause (3) above;

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

(6) money market funds at least 95% of the assets of which constitute Cash Equivalents
of the kinds described in Clauses (1) through (5) 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 Subsidiaries
taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange
Act);

(2) the adoption of a plan relating to the liquidation or dissolution of the Company;

(3) the consummation of any transaction (including, without limitation, any merger or
consolidation), the result of which is that any “person” (as defined in Clause (1) of this
Definition), 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;

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

(5) the first day on which a majority of the members of the full Board of Directors of
the Company are not Continuing Directors.

“Clearstream” means Clearstream Banking, S.A.

“Company” means Ferro Corporation, and any and all successors thereto.

“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:

(1) an amount equal to any extraordinary loss plus any net loss realized by such Person
or any of its Restricted Subsidiaries in connection with an Asset Sale, to the extent such
losses were deducted in computing such Consolidated Net Income; plus

(2) provision for taxes based on income or profits of such Person and its Restricted
Subsidiaries for such period, to the extent that such provision for taxes was deducted in
computing such Consolidated Net Income; plus

(3) the Fixed Charges of such Person and its Restricted Subsidiaries for such period,
to the extent that such Fixed Charges were deducted in computing such Consolidated Net
Income; plus

(4) depreciation, amortization (including amortization of intangibles but excluding
amortization of prepaid cash expenses that were paid in a prior period) and other non-cash
expenses (excluding any such non-cash expense to the extent that it represents an accrual of
or reserve for cash expenses in any future period or amortization of a prepaid cash 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 expenses were
deducted in computing such Consolidated Net Income; plus

(5) an amount equal to the loss on the extinguishment of debt; plus

(6) non-recurring charges including, but not limited to, legal settlements, legal
judgments and restructuring expenses; minus

(7) non-cash items increasing such Consolidated Net Income for such period, other than
the accrual of income in the ordinary course of business,

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

Notwithstanding the preceding, the provision for taxes based on the income or profits of, and
the depreciation and amortization and other non-cash expenses of, a Restricted Subsidiary of the
Company will be added to Consolidated Net Income to compute Consolidated EBITDA of the Company only
to the extent that a corresponding amount would be permitted at the date of determination to be
dividended to the Company by such Restricted Subsidiary without prior governmental approval (or, if
such government approval is required, such approval either (i) has been obtained or (ii) in the
good faith judgment of the Company, could be expected to be obtained in the next 12 months based on
prior experience obtaining such approvals in the country of domicile for such Restricted
Subsidiary), and without direct or indirect restriction pursuant to the terms of its charter and
all agreements, instruments, judgments, decrees, orders, statutes, rules and governmental
regulations applicable to that Restricted Subsidiary or its stockholders.

“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, determined in accordance with GAAP and without any reduction in respect of
preferred stock dividends; provided that:

(1) all extraordinary gains and not losses and all gains and losses realized in
connection with any Asset Sale or the disposition of securities or the early extinguishment
of Indebtedness, together with any related provision for taxes on any such gain, will be
excluded;

(2) the net income (but not 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) the net income (but not loss) of any Restricted Subsidiary 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 U.S. 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) all non-cash charges relating to goodwill, impairment of assets, amortization of
intangibles will be excluded;

(6) any non-cash compensation expense recognized for grants of equity awards will be
excluded; and

(7) notwithstanding Clause (1) above, the net income of any Unrestricted Subsidiary
will be excluded, whether or not distributed to the specified Person or one of its
Subsidiaries.

“Consolidated Total Assets” of any Person as of any date means the total assets of such Person
and its Restricted Subsidiaries as of the most recent fiscal quarter end for which an internal
consolidated balance sheet of such Person and its Subsidiaries is available, all calculated on a
consolidated basis in accordance with generally accepted accounting principles.

“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 6.50% Convertible Senior Notes due 2013, issued
pursuant to the Existing Indenture.

“Corporate Trust Office of the Trustee” will be at the address of the Trustee specified in
Section 12.02 hereof or such other address as to which the Trustee may give notice to the Company.

“Credit Agreement” means that certain Second Amended and Restated Credit Agreement, dated as
of October 26, 2009, by and among the Company, Credit Suisse, Cayman Islands Branch, as a term loan
administrative agent, PNC Bank, National Association, as a term loan administrative agent,
revolving loan administrative agent and collateral agent, KeyBank National Association, as
documentation agent and Citigroup Global Markets Inc., as syndication agent, providing for up to
$605.0 million of revolving credit and term loan borrowings, including any related notes,
Guarantees, collateral documents, instruments and agreements executed in 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 commercial paper facilities, in each case, with banks or other institutional
lenders 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) or letters of credit, 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.

“Custodian” means the Trustee, as custodian with respect to the Notes in global form, or any
successor entity thereto.

“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.

“Definitive Note” means a certificated Note registered in the name of the Holder thereof and
issued in accordance with Section 2.06 hereof, substantially in the form of Exhibit A hereto except
that such Note shall not bear the Global Note Legend and shall not have the “Schedule of Exchanges
of Interests in the Global Note” attached thereto.

“Depositary” means, with respect to the Notes issuable or issued in whole or in part in global
form, the Person specified in Section 2.03 hereof as the Depositary with respect to the Notes, and
any and all successors thereto appointed as depositary hereunder and having become such pursuant to
the applicable provision of this Supplemental Indenture.

“Designated Non-Cash Consideration” means the Fair Market Value of non-cash consideration
received by the Company or any of its Restricted Subsidiaries in connection with an Asset Sale that
is so designated as Designated Non-Cash Consideration pursuant to an officers’ certificate, setting
forth the basis of such valuation, executed by an executive vice president and the principal
financial officer of the Company.

“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. Notwithstanding the preceding sentence, any Capital Stock that
would constitute Disqualified Stock solely because the holders of the Capital Stock 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 4.07 hereof. The amount of Disqualified
Stock deemed to be outstanding at any time for purposes of this Supplemental 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.

“Dollars” and “$” means the currency of The United States of America.

“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.

“Euroclear” means Euroclear Bank, S.A./N.V., as operator of the Euroclear system.

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

“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.

“Existing Indenture” means that certain Indenture, dated as of March 5, 2008, as supplemented
by the First Supplemental Indenture, dated as of August 19, 2008, each by and between the Company
and U.S. Bank National Association, as trustee (and any successor trustee(s)).

“Fair Market Value” means the value that would be paid by a willing buyer to an unaffiliated
willing seller in a transaction not involving undue pressure or compulsion of either party to
complete the transaction. If the subject transaction involves the payment of more than $40.0
million, Fair Market Value will be determined in good faith by the Board of Directors of the
Company (unless otherwise provided in this Supplemental Indenture).

“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 (in accordance with Regulation S-X under the
Securities Act or any successor regulation, rule or law) 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 use of the proceeds therefrom, as if the same
had occurred at the beginning of the applicable four-quarter reference period.

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

(1) acquisitions and Asset Sales or other dispositions that have been made by the
specified Person or any of its Restricted Subsidiaries, including through mergers or
consolidations, 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 (in accordance with Regulation S-X under the Securities Act and any successor
regulation, rule or law) as if they had occurred on the first day of the four-quarter
reference period except that such pro forma calculations may also include operating expense
reductions for such period resulting from the Asset Sale or other disposition or
acquisition, merger, consolidation or discontinued operation (as determined in accordance
with GAAP) for which pro forma effect is being given (A) that have been realized or (B) for
which steps have been taken and are supportable and quantifiable, and, in each case,
including, but not limited to, (a) reduction in personnel expenses, (b) reduction of costs
related to administrative functions, (c) reduction of costs related to leased or owned
properties and (d) reductions from the consolidation of operations and streamlining of
corporate overhead; provided that, in either case, such adjustments are set forth in an
officers’ certificate signed by the Company’s principal financial officer or similar officer
that states (i) the amount of such adjustment or adjustments and (ii) that such adjustment
or adjustments are based on the reasonable good faith belief of the officers executing such
officers’ certificate at the time of such execution;

(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 at the
Calculation Date in excess of 12 months).

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

(1) the consolidated interest expense of such Person and its Restricted Subsidiaries
for such period, whether paid or accrued, including, without limitation, amortization of
original issue discount and non- cash interest payments (but excluding the amortization of
debt issuance costs and deferred financing fees) the interest component of any deferred
payment obligations, the interest component of all payments associated with Capital Lease
Obligations, imputed interest with respect to Attributable Debt, commissions, discounts and
other fees and charges incurred in respect of letter of credit or bankers’ acceptance
financings, and net of the effect of all payments made or received pursuant to Hedging
Obligations in respect of interest rates; plus

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

(3) 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

(4) the product of (a) 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,
times (b) a fraction, the numerator of which is one and the denominator of which is one
minus the then current combined federal, state and local statutory tax rate of such Person,
expressed as a decimal;

in each case, determined on a consolidated basis in accordance with GAAP (provided, however, that
if subsequent to the date of this Supplemental Indenture, there is a change in GAAP such that
certain obligations that previously were not treated as Indebtedness under GAAP would be treated as
Indebtedness under GAAP as then in effect, such obligations shall not be treated as Indebtedness or
as Fixed Charges), provided, that any make-whole premium or interest expense payable in connection
with the prepayment of Indebtedness and, if applicable, any swap breakage costs incurred in
connection with any prepayment of a term loan under a Credit Facility will be excluded for purposes
of calculating Fixed Charges.

“Foreign Subsidiary” of a Person means a Subsidiary incorporated or otherwise organized or
existing under the laws of a jurisdiction other than the United States of America, any state
thereof or any territory or possession of the United States of America.

“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 the
Securities and Exchange Commission, 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 from time to
time.

“Global Note Legend” means the legend set forth in Section 2.06(g)(2) hereof, which is
required to be placed on all Global Notes issued under this Supplemental Indenture.

“Global Notes” means, the Global Notes deposited with or on behalf of and registered in the
name of the Depository or its nominee, substantially in the form of Exhibit A hereto and that bears
the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note”
attached thereto, issued in accordance with Section 2.01, 2.06(b)(3), 2.06(b)(4), 2.06(d)(2) or
2.06(f) hereof.

“Government Securities” means direct obligations of, or obligations guaranteed by, the United
States of America, and the payment for which the United States pledges its full faith and credit.

“Guarantee” means any obligation, contingent or otherwise, of any Person directly or
indirectly guaranteeing any Indebtedness of any other Person and any obligation, direct or
indirect, contingent or otherwise, of such Person (i) to purchase or pay (or advance or supply
funds for the purchase or payment of) such Indebtedness or other obligation of such other Person or
(ii) entered into for purposes of assuring in any other manner the obligee of such Indebtedness or
other obligation of the payment thereof or to protect such obligee against loss in respect thereof
(in whole or in part); provided, however, that the term “Guarantee” shall not include endorsements
for collection or deposit in the ordinary course of business. The Term “Guarantee” used as a verb
has a corresponding meaning.

“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) other derivative agreements or arrangements designed to protect such Person against
fluctuations in currency exchange rates, commodity prices, or raw materials, but excluding
purchase and supply agreements.

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

“Indebtedness” means, with respect to any specified Person, any indebtedness of such Person
(excluding accrued expenses and trade payables), whether or not contingent:

(1) in respect of borrowed money;

(2) evidenced by bonds, notes, debentures or similar instruments or letters of credit
(or reimbursement agreements in respect thereof);

(3) in respect of banker’s acceptances;

(4) representing Capital Lease Obligations or Attributable Debt in respect of sale and
leaseback transactions;

(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; or

(6) representing any Hedging Obligations,

if and to the extent any of the preceding items (other than letters of credit, Attributable Debt
and Hedging Obligations) would appear as a liability upon a balance sheet of the specified Person
prepared in accordance with GAAP (provided, however, that if subsequent to the date of this
Supplemental Indenture, there is a change in GAAP such that certain obligations that previously
were not treated as liabilities under GAAP would be treated as liabilities under GAAP as then in
effect, such obligations shall not be treated as Indebtedness). In addition, 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;
provided, however, that obligations under or in respect of Non-Recourse U.S. Receivables
Facilities, in an aggregate amount not to exceed the greater of (i) $100.0 million and (ii) 6.75%
of the Company’s Consolidated Total Assets, will not be deemed to constitute Indebtedness; provided
further, however, that (i) obligations under or in respect of Non-Recourse U.S. Receivables
Facilities in excess of the greater of (x) $100.0 million and (y) 6.75% of the Company’s
Consolidated Total Assets will be deemed to constitute Indebtedness that must be incurred pursuant
to Section 4.09 hereof and (ii) if there is a change in the characteristics of any Non-Recourse
U.S. Receivables Facility such that it fails to constitute a Non-Recourse U.S. Receivables
Facility, such change will be deemed to constitute Indebtedness (in the amount of such Non-Recourse
U.S. Receivables Facility that becomes recourse Indebtedness to the Company or its Restricted
Subsidiaries) that must be incurred pursuant to Section 4.09 hereof. Notwithstanding the
preceding, the amount of obligations under or in respect of any Non-Recourse U.S. Receivables
Facility shall not be deemed to exceed the greater of $50.0 million and 3.5% of the Company’s
Consolidated Total Assets solely as a result of fluctuations in exchange rates or currency values.
For the avoidance of doubt, the precious metals consignment and lease arrangements of the Company
and its Subsidiaries shall not be treated as Indebtedness so long as they do not appear upon a
balance sheet of the specified Person prepared in accordance with GAAP (provided, however, that if
subsequent to the date of this Supplemental Indenture, there is a change in GAAP such that the
obligations under such precious metals consignment and lease arrangements that previously were not
treated as liabilities under GAAP would be treated as liabilities under GAAP as then in effect,
such obligations shall not be treated as Indebtedness even if they appear upon a balance sheet in
accordance with GAAP).

“Indirect Participant” means a Person who holds a beneficial interest in a Global Note through
a Participant.

“Initial Notes” means the first $250 million aggregate principal amount of Notes issued under
this Supplemental Indenture on the date hereof.

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by
Moody’s Investors Service, Inc. and BBB- (or the equivalent) by Standard & Poor’s Ratings Group,
Inc., or an equivalent rating by any other Rating Agency.

“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
for consideration 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 Restricted
Subsidiary that were not sold or disposed of in an amount determined as provided in the final
paragraph of Section 4.07 hereof. 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 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 the final paragraph of Section 4.07 hereof. Except as otherwise
provided herein, the amount of an Investment will be determined at the time the Investment is made
and without giving effect to subsequent changes in value.

“Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions in the City
of New York or at a place of payment are authorized by law, regulation or executive order to remain
closed. If a payment date is a Legal Holiday at a place of payment, payment may be made at that
place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such
payment for the intervening period.

“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 any filing of or agreement to give any financing statement under the Uniform Commercial Code
(or equivalent statutes) of any jurisdiction.

“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 non-cash
consideration received in any Asset Sale), net of the direct costs relating to such Asset Sale,
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, and amounts required to be applied to the
repayment of Indebtedness required in connection with such Asset Sale, other than Indebtedness
under a Credit Facility and any reserve for adjustment in respect of the sale price of such asset
or assets established in accordance with GAAP.

“Non-Recourse Debt” means Indebtedness:

(1) as to which neither the Company nor any of its Restricted Subsidiaries (a) provides
credit support of any kind (including any undertaking, agreement or instrument that would
constitute Indebtedness), (b) is directly or indirectly liable as a guarantor or otherwise,
or (c) constitutes the lender; and

(2) as to which the lenders have been notified in writing that they will not have any
recourse to the stock or assets of the Company or any of its Restricted Subsidiaries (other
than the Equity Interests of an Unrestricted Subsidiary).

“Non-Recourse U.S. Receivables Facility” means one or more receivables financing or purchase
and sale facilities in the United States, the indebtedness of which is non-recourse (except for
standard representations, warranties, covenants and indemnities made in connection with such
facilities) to the Company and the Restricted Subsidiaries pursuant to which the Company and/or any
of its Restricted Subsidiaries sells or transfers its accounts receivable (or interests therein) to
a Person that is not a Restricted Subsidiary or to a Restricted Subsidiary that in turn sells or
transfers such accounts receivable (or interests therein) to a Person that is not a Restricted
Subsidiary.

“Non-U.S. Person” means a Person who is not a U.S. Person.

“Note Guarantee” means the Guarantee by each future Subsidiary Guarantor of the Company’s
obligations under this Supplemental Indenture and the Notes, executed pursuant to the provisions of
Article 10 of this Supplemental Indenture.

“Notes” has the meaning assigned to it in the preamble to this Supplemental Indenture. The
Initial Notes and the Additional Notes shall be treated as a single class for all purposes under
this Supplemental Indenture, and unless the context otherwise requires, all references to the Notes
shall include the Initial Notes and any Additional Notes.

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

“Officer” means, with respect to any Person, the Chairman of the Board, the Chief Executive
Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer,
any Assistant Treasurer, the Controller, the Secretary or any Vice-President of such Person.

“Officers’ Certificate” means a certificate signed on behalf of the Company by two Officers of
the Company, one of whom must be the principal executive officer, the principal financial officer,
the treasurer or the principal accounting officer of the Company, that meets the requirements of
Section 12.05 hereof.

“Opinion of Counsel” means an opinion from legal counsel who is reasonably acceptable to the
Trustee, that meets the requirements of Section 12.05 hereof. The counsel may be an employee of or
counsel to the Company, any Subsidiary of the Company or the Trustee.

“Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who
has an account with the Depositary, Euroclear or Clearstream, respectively (and, with respect to
DTC, shall include Euroclear and Clearstream).

“Permitted Asset Swap” means the purchase and sale or exchange within 30 days of assets of a
Permitted Business or a combination of business assets of a Permitted Business and cash or Cash
Equivalents between the Company or any of its Restricted Subsidiaries and another Person that is
not the Company or any of its Restricted Subsidiaries; provided that any cash or Cash Equivalents
received must be applied in accordance with Section 4.10 hereof.

“Permitted Business” means any business that is the same as or related, ancillary or
complementary to, or any extension, development or expansion of, any of the businesses of the
Company and its Restricted Subsidiaries on the date of this Supplemental Indenture.

“Permitted Investments” means:

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

(2) any Investment in Cash Equivalents;

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

(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 either did not constitute an Asset Sale pursuant to this Supplemental
Indenture or was made pursuant to and in compliance with Section 4.10 hereof;

(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) any Investments received in compromise or resolution of (A) obligations of trade
creditors or customers that were incurred in the ordinary course of business of the Company
or any of its Restricted Subsidiaries, including pursuant to any plan of reorganization or
similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer; or
(B) litigation, arbitration or other disputes;

(7) Investments represented by Hedging Obligations;

(8) loans or advances to employees 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 by Section 4.09 hereof to be incurred,
other than Indebtedness of an Affiliate of the Company that is not a Restricted Subsidiary
of the Company;

(10) other Investments in any Person having an aggregate Fair Market Value (measured on
the date each such Investment was made and without giving effect to subsequent changes in
value), when taken together with all other Investments made pursuant to this Clause (10)
that are at the time outstanding not to exceed the greater of (A) $75.0 million and (B) 5.0%
of the Company’s Consolidated Total Assets;

(11) any Investments consisting of any deferred portion of the sales price received by
the Company or any Restricted Subsidiary in connection with an asset sale made pursuant to
and in compliance with Section 4.10 hereof;

(12) any Investments constituting (i) accounts receivable arising, (ii) trade debt
granted, or (iii) deposits made in connection with the purchase price of goods or services,
in each case in the ordinary course of business;

(13) Investments relating to any special purpose wholly-owned subsidiary of the Company
organized in connection with a Receivables Facility that, in the good faith determination of
the board of directors of the Company, are necessary or advisable to effect such Receivables
Facility; and

(14) Investments existing on the date of this Supplemental Indenture.

“Permitted Liens” means:

(1) Liens on assets of the Company or Restricted Subsidiaries securing Indebtedness and
other Obligations under Credit Facilities that was permitted by the terms hereof to be
incurred pursuant to Clause (1) of the Definition of Permitted Debt and/or securing Hedging
Obligations related thereto and/or securing Obligations with regard to Treasury Management
Arrangements;

(2) Liens in favor of the Company;

(3) Liens on property 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 in existence prior to
the 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 into or consolidated with the
Company or a Restricted Subsidiary of the Company;

(4) Liens on property (including Capital Stock) existing at the time of acquisition of
the property 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 incurred or deposits made in the ordinary course of business in connection
with worker’s compensation, unemployment insurance or other forms of governmental insurance
or benefits, or to secure performance of tenders, statutory obligations, bids, leases or
other similar obligations (other than for borrowed money) entered into in the ordinary
course of business or to secure obligations on surety and appeal bonds or performance bonds;

(6) Liens to secure Indebtedness (including Capital Lease Obligations) permitted by
Section 4.09(b)(4) hereof covering only the assets acquired with or financed by such
Indebtedness;

(7) Liens existing on the date of this Supplemental Indenture and any amendment thereto
or renewal or replacement thereof (so long as any such amendment, renewal, or replacement is
not disadvantageous to the Holders of the Notes when taken as a whole as compared to the
Lien in effect on the date of this Supplemental Indenture);

(8) Liens for taxes, assessments or governmental charges or claims that are not yet
delinquent 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;

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

(12) Liens to secure any Permitted Refinancing Indebtedness permitted to be incurred
hereunder; 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) other Liens, but only so long as the Priority Debt Leverage Ratio as of such date
does not exceed 2.25 to 1.00, determined on a pro forma basis, as if any Indebtedness that
such Liens secure (including, if applicable, a pro forma application of any net proceeds
therefrom) had been incurred (with such Liens securing such Indebtedness) at the beginning
of the most recent four-quarter period for which internal financial statements are
available;

(14) judgment Liens in existence for less than 45 days after the entry thereof or with
respect to which execution has been stayed or the payment of which is covered in full
(subject to a customary deductible) by insurance maintained with responsible insurance
companies;

(15) Liens incurred in the ordinary course of business of the Company on inventory that
has been chemically combined with precious metals inventory or inventories so long as the
aggregate Indebtedness secured thereby does not exceed $30.0 million and Liens created in
connection with the consignment or lease of metals;

(16) Liens on the assets of the Company or any Restricted Subsidiary in connection with
the Receivables Facility; and

(17) Liens incurred in the ordinary course of business of the Company or any Restricted
Subsidiary of the Company with respect to obligations that at any one time outstanding do
not exceed the greater of (i) $15.0 million and (ii) 1.25% of the Company’s Consolidated
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 original 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 and
expenses, including premiums, incurred in connection therewith);

(2) such Permitted Refinancing Indebtedness has a final maturity date later than the
final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than
the Weighted Average Life to Maturity of, the Indebtedness being renewed, refunded,
refinanced, replaced, defeased or discharged;

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

(4) such Indebtedness is incurred either by the Company or by the Restricted Subsidiary
of the Company that was the obligor on the Indebtedness being renewed, refunded, refinanced,
replaced, defeased or discharged and is guaranteed only by Persons who were obligors on the
Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged.

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

“Priority Debt Leverage Ratio” means, on any date, the ratio of:

(1) (a) the aggregate principal amount of Indebtedness of the Company and its
Restricted Subsidiaries secured by Liens, including without limitation, Capital Lease
Obligations, but excluding Hedging Obligations, outstanding as of such date (and, for this
purpose, letters of credit will be deemed to have a principal amount equal to the face
amount thereof, whether or not drawn), plus (b) without duplication, the aggregate principal
amount of Indebtedness of all of the Company’s Restricted Subsidiaries to a Person that is
neither the Company nor a Restricted Subsidiary of the Company for borrowed money
outstanding as of such date, to:

(2) the aggregate amount of the Company’s Consolidated EBITDA for the most recent
four-quarter period for which internal financial statements are available, as of such date,

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 that any Restricted
Subsidiary that becomes a Guarantor of the Notes pursuant to Section 10.01 hereof shall not be
deemed to have incurred Indebtedness pursuant to Clause (1)(a) of this Definition.

“Qualifying Equity Interests” means Equity Interests of the Company other than (1)
Disqualified Stock and (2) Equity Interests sold in an Equity Offering prior to the third
anniversary of the date of this Supplemental Indenture that are used to support an optional
redemption of Notes pursuant to Section 3.07 hereof.

“Rating Agency” means Standard & Poor’s Ratings Group, Inc. and Moody’s Investors Services,
Inc. or, if Standard & Poor’s Ratings Group, Inc. or Moody’s Investors Service, Inc. or both shall
not make a rating on the Notes publicly available, a nationally recognized statistical rating
agency or agencies, as the case may be, selected by the Company (as certified by a resolution of
the Board of Directors) which shall be substituted for Standard & Poor’s Ratings Group, Inc. or
Moody’s Investors Service, Inc. or both, as the case may be.

“Receivables Facility” means one or more receivables financing or purchase and sale
facilities, the indebtedness of which is recourse or non-recourse (except for standard
representations, warranties, covenants and indemnities made in connection with such facilities) to
the Company and the Restricted Subsidiaries pursuant to which the Company and/or any of its
Restricted Subsidiaries sells or transfers its accounts receivable (or interests therein) to a
Person that is not a Restricted Subsidiary or to a Restricted Subsidiary that in turn sells or
transfers such accounts receivable (or interests therein) to a Person that is not a Restricted
Subsidiary.

“Receivables Fees” means distributions or payments made directly or by means of discounts with
respect to any participation interest issued or sold in connection with, and other fees paid to a
Person that is not a Restricted Subsidiary in connection with, any Receivables Facility.

“Recourse Non-U.S. Receivables Facility” means one or more receivables financing or purchase
and sale facilities outside of the United States, the indebtedness of which is recourse to the
Company and the Restricted Subsidiaries pursuant to which the Company and/or any of its Restricted
Subsidiaries sells or transfers its accounts receivable (or interests therein) to a Person that is
not a Restricted Subsidiary or to a Restricted Subsidiary that in turn sells or transfers such
accounts receivable (or interests therein) to a Person that is not a Restricted Subsidiary.

“Responsible Officer,” when used with respect to the Trustee, means any officer within the
Corporate Trust Administration of the Trustee (or any successor group of the Trustee) or any other
officer of the Trustee customarily performing functions similar to those performed by any of the
above designated officers and also means, with respect to a particular corporate trust matter, any
other officer to whom such matter is referred because of his knowledge of and familiarity with the
particular subject.

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

“Restricted Subsidiary” of a Person means any Subsidiary of such Person that at the time of
determination is not an Unrestricted Subsidiary.

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

“SEC” means the Securities and Exchange Commission.

“Securities Act” means the Securities Act of 1933, as amended.

“Significant Subsidiary” means any 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 excluding any provision providing for the contingent repayment, redemption or repurchase of any
such interest or principal prior to the date originally scheduled for the payment thereof unless
such contingency has occurred.

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

(1) a corporation more than 50% of the outstanding voting stock of which is owned,
directly or indirectly, by that Person or by one or more other Subsidiaries of that Person,
or by that Person and one or more other Subsidiaries of that Person. For the purposes of
this Definition, “voting stock” means stock which ordinarily has voting power for the
election of directors, whether at all times or only so long as no senior class of stock has
such voting power by reason of any contingency; and

(2) any partnership (a) the sole general partner or the managing general partner of
which is such Person or a Subsidiary of such Person or (b) the only general partners of
which are that Person or one or more Subsidiaries of that Person (or any combination
thereof).

“Supplemental Indenture” means this First Supplemental Indenture, as amended or supplemented
from time to time.

“TIA” means the Trust Indenture Act of 1939, as amended (15 U.S.C. §§ 77aaa-77bbbb).

“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, 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 August 15, 2014; provided, however, that if the period from the
redemption date to August 15, 2014 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” means Wilmington Trust FSB, until a successor replaces it in accordance with the
applicable provisions of this Supplemental Indenture and thereafter means the successor serving
hereunder.

“Unrestricted Subsidiary” means any Subsidiary of the Company or any successor to any of them)
that has been designated as of the date of determination 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 4.11 hereof, 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
no 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;

(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. Government Obligations” means securities that are (x) direct obligations of the United
States of America for the payment of which its full faith and credit is pledged or (y) obligations
of a Person controlled or supervised by and acting as an agency or instrumentality of the United
States of America the payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States of America, which, in either case, are not callable or redeemable
at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank
(as defined in Section 3(a)(2) of the Securities Act of 1933, as amended) as custodian with respect
to any such U.S. Government Obligation or a specific payment of principal of or interest on any
such U.S. Government Obligation held by such custodian for the account of the holder of such
depositary receipt, provided that (except as required by law) such custodian is not authorized to
make any deduction from the amount payable to the holder of such depositary receipt from any amount
received by the custodian in respect of the U.S. Government Obligation or the specific payment of
principal of or interest on the U.S. Government Obligation evidenced by such depositary receipt.

“U.S. Person” means a U.S. Person as defined in Rule 902(k) promulgated under the Securities
Act.

“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.

Section 1.02 Other Definitions.

	 	 	 	 	 
	
 
	 	Defined in

	Term

	 	Section

	 

	 	 	 	 
	“Affiliate Transaction”.

	 	 	4.11	 
	“Asset Sale Offer”.

	 	 	3.09	 
	“Authentication Order”.

	 	 	2.02	 
	“Change of Control Offer”.

	 	 	4.15	 
	“Change of Control Payment”.

	 	 	4.15	 
	“Change of Control Payment Date”

	 	 	4.15	 
	“Covenant Defeasance”.

	 	 	8.03	 
	“DTC”.

	 	 	2.03	 
	“Event of Default”.

	 	 	6.01	 
	“Excess Proceeds”.

	 	 	4.10	 
	“incur”.

	 	 	4.09	 
	“Legal Defeasance”.

	 	 	8.02	 
	“Offer Amount”.

	 	 	3.09	 
	“Offer Period”.

	 	 	3.09	 
	“Paying Agent”.

	 	 	2.03	 
	“Permitted Debt”.

	 	 	4.09	 
	“Payment Default”.

	 	 	6.01	 
	“Purchase Date”.

	 	 	3.09	 
	“Registrar”.

	 	 	2.03	 
	“Restricted Payments”.

	 	 	4.07	 
	“Subsidiary Guarantor”.

	 	 	10.01	 
	“Suspended Covenants”.

	 	 	4.16	 

Section 1.03 Incorporation by Reference of Trust Indenture Act.

Whenever this Supplemental Indenture refers to a provision of the TIA, the provision is
incorporated by reference in and made a part of this Supplemental Indenture.

The following TIA terms used in this Supplemental Indenture have the following meanings:

“indenture securities” means the Notes;

“indenture security Holder” means a Holder of a Note;

“indenture to be qualified” means this Supplemental Indenture;

“indenture trustee” or “institutional trustee” means the Trustee; and

“obligor” on the Notes means the Company and any successor obligor upon the Notes.

All other terms used in this Supplemental Indenture that are defined by the TIA, defined by
TIA reference to another statute or defined by SEC rule under the TIA have the meanings so assigned
to them.

Section 1.04 Rules of Construction.

Unless the context otherwise requires:

(1) a term has the meaning assigned to it;

(2) an accounting term not otherwise defined has the meaning assigned to it in
accordance with GAAP;

(3) “or” is not exclusive;

(4) words in the singular include the plural, and in the plural include the singular;

(5) “will” shall be interpreted to express a command;

(6) provisions apply to successive events and transactions; and

(7) references to sections of or rules under the Securities Act will be deemed to
include substitute, replacement of successor sections or rules adopted by the SEC from time
to time.

In addition, this Supplemental Indenture restates in their entirety the terms of the Base
Indenture as supplemented by this Supplemental Indenture and does not incorporate the terms of the
Base Indenture. The changes, modifications and supplements to the Base Indenture affected by this
Supplemental Indenture shall be applicable only with respect to, and shall only govern the terms
of, the Notes, except as otherwise provided herein, and shall not apply to any other securities
that may be issued under the Base Indenture unless a supplemental indenture with respect to such
other securities specifically incorporates such changes, modifications and supplements.

ARTICLE 2

THE NOTES

Section 2.01 Form and Dating.

(a) General. The Notes and the Trustee’s certificate of authentication will be substantially
in the form of Exhibit A hereto. The Notes may have notations, legends or endorsements required by
law, stock exchange rule or usage. Each Note will be dated the date of its authentication. The
Notes shall be in denominations of $2,000 and integral multiples of $1,000 in excess of $2,000.

The terms and provisions contained in the Notes will constitute, and are hereby expressly
made, a part of this Supplemental Indenture and the Company and the Trustee, by their execution and
delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be
bound thereby. However, to the extent any provision of any Note conflicts with the express
provisions of this Supplemental Indenture, the provisions of this Supplemental Indenture shall
govern and be controlling.

(b) Global Notes. Notes issued in global form will be substantially in the form of Exhibit A
hereto (including the Global Note Legend thereon and the “Schedule of Exchanges of Interests in the
Global Note” attached thereto). Notes issued in definitive form will be substantially in the form
of Exhibit A hereto (but without the Global Note Legend thereon and without the “Schedule of
Exchanges of Interests in the Global Note” attached thereto). Each Global Note will represent such
of the outstanding Notes as will be specified therein and each shall provide that it represents the
aggregate principal amount of outstanding Notes from time to time endorsed thereon and that the
aggregate principal amount of outstanding Notes represented thereby may from time to time be
reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a
Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of
outstanding Notes represented thereby will be made by the Trustee or the Custodian, at the
direction of the Trustee, in accordance with instructions given by the Holder thereof as required
by Section 2.06 hereof.

(c) Euroclear and Clearstream Procedures Applicable. The provisions of the
“Operating Procedures of the Euroclear System” and “Terms and Conditions Governing Use of
Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of
Clearstream will be applicable to transfers of beneficial interests in the Global Notes that are
held by Participants through Euroclear or Clearstream.

Section 2.02 Execution and Authentication.

At least one Officer must sign the Notes for the Company by manual or facsimile signature. If
an Officer whose signature is on a Note no longer holds that office at the time a Note is
authenticated, the Note will nevertheless be valid.

A Note will not be valid until authenticated by the manual signature of the Trustee. The
signature will be conclusive evidence that the Note has been authenticated under this Supplemental
Indenture.

The Trustee will, upon receipt of a written order of the Company signed by an Officer (an
“Authentication Order”), authenticate Notes for original issue that may be validly issued under
this Supplemental Indenture, including any Additional Notes. The aggregate principal amount of
Notes outstanding at any time may not exceed the aggregate principal amount of Notes authorized for
issuance by the Company pursuant to one or more Authentication Orders, except as provided in
Section 2.07 hereof.

The Trustee may appoint an authenticating agent acceptable to the Company to authenticate
Notes. An authenticating agent may authenticate Notes whenever the Trustee may do so. Each
reference in this Supplemental Indenture to authentication by the Trustee includes authentication
by such agent. An authenticating agent has the same rights as an Agent to deal with Holders or an
Affiliate of the Company.

Section 2.03 Registrar and Paying Agent.

The Company will maintain an office or agency where Notes may be presented for registration of
transfer or for exchange (“Registrar”) and an office or agency where Notes may be presented for
payment (“Paying Agent”). The Registrar will keep a register of the Notes and of their transfer
and exchange. The Company may appoint one or more co-registrars and one or more additional paying
agents. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any
additional paying agent. The Company may change any Paying Agent or Registrar without notice to
any Holder. The Company will notify the Trustee in writing of the name and address of any Agent
not a party to this Supplemental Indenture. If the Company fails to appoint or maintain another
entity as Registrar or Paying Agent, the Trustee shall act as such. The Company or any of its
Subsidiaries may act as Paying Agent or Registrar.

The Company initially appoints The Depository Trust Company (“DTC”) to act as Depositary with
respect to the Global Notes.

The Company initially appoints the Trustee to act as the Registrar and Paying Agent and to act
as Custodian with respect to the Global Notes.

Section 2.04 Paying Agent to Hold Money in Trust.

The Company will require each Paying Agent other than the Trustee to agree in writing that the
Paying Agent will hold in trust for the benefit of Holders or the Trustee all money held by the
Paying Agent for the payment of principal of, premium on, if any, or interest, if any, on, the
Notes, and will notify the Trustee of any default by the Company in making any such payment. While
any such default continues, the Trustee may require a Paying Agent to pay all money held by it to
the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the
Trustee. Upon payment over to the Trustee, the Paying Agent (if other than the Company or a
Subsidiary) will have no further liability for the money. If the Company or a Subsidiary acts as
Paying Agent, it will segregate and hold in a separate trust fund for the benefit of the Holders
all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating
to the Company, the Trustee will serve as Paying Agent for the Notes.

Section 2.05 Holder Lists.

The Trustee will preserve in as current a form as is reasonably practicable the most recent
list available to it of the names and addresses of all Holders and shall otherwise comply with TIA
§312(a). If the Trustee is not the Registrar, the Company will furnish to the Trustee at least
seven Business Days before each interest payment date and at such other times as the Trustee may
request in writing, a list in such form and as of such date as the Trustee may reasonably require
of the names and addresses of the Holders of Notes and the Company shall otherwise comply with TIA
§312(a).

Section 2.06 Transfer and Exchange.

(a) Transfer and Exchange of Global Notes. A Global Note may not be transferred except as a
whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the
Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a
successor Depositary or a nominee of such successor Depositary. All Global Notes will be exchanged
by the Company for Definitive Notes only if:

(1) the Company delivers to the Trustee notice from the Depositary that it is unwilling
or unable to continue to act as Depositary or that it is no longer a clearing agency
registered under the Exchange Act and, in either case, a successor Depositary is not
appointed by the Company within 90 days after the date of such notice from the Depositary;
or

(2) the Company, at its option, determines that the Global Notes (in whole but not in
part) should be exchanged for Definitive Notes and delivers a written notice to such effect
to the Trustee.

Upon the occurrence of either of the preceding events in (1) or (2) above, Definitive Notes
shall be issued to each Person that the Global Note Holder and the Depositary identify as being the
Beneficial Owner of the related Notes as the Depositary shall instruct the Trustee. Global Notes
also may be exchanged or replaced, in whole or in part, as provided in Sections 2.07 and 2.10
hereof. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or
any portion thereof, pursuant to this Section 2.06 or Section 2.07 or 2.10 hereof, shall be
authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be
exchanged for another Note other than as provided in this Section 2.06(a), however, beneficial
interests in a Global Note may be transferred and exchanged as provided in Section 2.06(b) or (c)
hereof. Upon surrender by the Global Note Holder of its Global Note, will be issued.

(b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and
exchange of beneficial interests in the Global Notes will be effected through the Depositary, in
accordance with the provisions of this Supplemental Indenture and the Applicable Procedures.
Beneficial interests in any Global Note may be transferred to Persons who take delivery thereof in
the form of a beneficial interest in a Global Note. No written orders or instructions shall be
required to be delivered to the Registrar to effect the transfers described in this Section
2.06(b).

(c) Transfer or Exchange of Beneficial Interests for Definitive Notes. If any holder of a
beneficial interest in a Global Note proposes to exchange such beneficial interest for a Definitive
Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of
a Definitive Note, then, upon satisfaction of the conditions set forth in Section 2.06(b) hereof,
the Trustee will cause the aggregate principal amount of the applicable Global Note to be reduced
accordingly pursuant to Section 2.06(g) hereof, and the Company will execute and the Trustee will
authenticate and deliver to the Person designated in the instructions a Definitive Note in the
appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest
pursuant to this Section 2.06(c) will be registered in such name or names and in such authorized
denomination or denominations as the holder of such beneficial interest requests through
instructions to the Registrar from or through the Depositary and the Participant or Indirect
Participant.

(d) Transfer and Exchange of Definitive Notes for Beneficial Interests. A Holder of a
Definitive Note may exchange such Note for a beneficial interest in a Global Note or transfer such
Definitive Notes to a Person who takes delivery thereof in the form of a beneficial interest in a
Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee
will cancel the applicable Definitive Note and increase or cause to be increased the aggregate
principal amount of one of the Global Notes.

(e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a Holder
of Definitive Notes and such Holder’s compliance with the provisions of this Section 2.06(e), the
Registrar will register the transfer or exchange of Definitive Notes. Prior to such registration
of transfer or exchange, the requesting Holder must present or surrender to the Registrar the
Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form
satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized in
writing. In addition, the requesting Holder must provide any additional certifications, documents
and information, as applicable, required pursuant to the following provisions of this Section
2.06(e). A Holder of Definitive Notes may transfer such Notes to a Person who takes delivery
thereof in the form of a Definitive Note.

(f) Global Note Legend. Each Global Note will bear a legend in substantially the following
form:

“THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE SUPPLEMENTAL INDENTURE GOVERNING
THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT
TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH
NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE SUPPLEMENTAL INDENTURE, (2)
THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE
SUPPLEMENTAL INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION
PURSUANT TO SECTION 2.11 OF THE SUPPLEMENTAL INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED
TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF FERRO CORPORATION.

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY
NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION
OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.”

(g) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests
in a particular Global Note have been exchanged for Definitive Notes or a particular Global Note
has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be
returned to or retained and canceled by the Trustee in accordance with Section 2.11 hereof. At any
time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or
transferred to a Person who will take delivery thereof in the form of a beneficial interest in
another Global Note or for Definitive Notes, the principal amount of Notes represented by such
Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the
Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the
beneficial interest is being exchanged for or transferred to a Person who will take delivery
thereof in the form of a beneficial interest in another Global Note, such other Global Note will be
increased accordingly and an endorsement will be made on such Global Note by the Trustee or by the
Depositary at the direction of the Trustee to reflect such increase.

(h) General Provisions Relating to Transfers and Exchanges.

(1) To permit registrations of transfers and exchanges, the Company will execute and
the Trustee will authenticate Global Notes and Definitive Notes upon receipt of an
Authentication Order in accordance with Section 2.02 hereof or at the Registrar’s request.

(2) No service charge will be made to a Holder of a beneficial interest in a Global
Note or to a Holder of a Definitive Note for any registration of transfer or exchange, but
the Company may require payment of a sum sufficient to cover any transfer tax or similar
governmental charge payable in connection therewith (other than any such transfer taxes or
similar governmental charge payable upon exchange or transfer pursuant to Sections 2.10,
3.06, 3.09, 4.10, 4.15 and 9.05 hereof).

(3) The Registrar will not be required to register the transfer of or exchange of any
Note selected for redemption in whole or in part, except the unredeemed portion of any Note
being redeemed in part.

(4) All Global Notes and Definitive Notes issued upon any registration of transfer or
exchange of Global Notes or Definitive Notes will be the valid obligations of the Company,
evidencing the same debt, and entitled to the same benefits under this Supplemental
Indenture, as the Global Notes or Definitive Notes surrendered upon such registration of
transfer or exchange.

(5) Neither the Registrar nor the Company will be required:

(A) to issue, to register the transfer of or to exchange any Notes during a
period beginning at the opening of business 15 days before the day of any selection
of Notes for redemption under Section 3.02 hereof and ending at the close of
business on the day of selection;

(B) to register the transfer of or to exchange any Note selected for redemption
in whole or in part, except the unredeemed portion of any Note being redeemed in
part; or

(C) to register the transfer of or to exchange a Note between a record date and
the next succeeding interest payment date.

(6) Prior to due presentment for the registration of a transfer of any Note, the
Trustee, any Agent and the Company may deem and treat the Person in whose name any Note is
registered as the absolute owner of such Note for the purpose of receiving payment of
principal of and interest on such Notes and for all other purposes, and none of the Trustee,
any Agent or the Company shall be affected by notice to the contrary.

(7) The Trustee will authenticate Global Notes and Definitive Notes in accordance with
the provisions of Section 2.02 hereof.

(8) All certifications, certificates and Opinions of Counsel required to be submitted
to the Registrar pursuant to this Section 2.06 to effect a registration of transfer or
exchange may be submitted by facsimile.

Section 2.07 Replacement Notes.

If any mutilated Note is surrendered to the Trustee or the Company and the Trustee receives
evidence to its satisfaction of the destruction, loss or theft of any Note, the Company will issue
and the Trustee, upon receipt of an Authentication Order, will authenticate a replacement Note if
the Trustee’s requirements are met. If required by the Trustee or the Company, an indemnity bond
must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to
protect the Company, the Trustee, any Agent and any authenticating agent from any loss that any of
them may suffer if a Note is replaced. The Company may charge for its expenses in replacing a
Note.

Every replacement Note is an additional obligation of the Company and will be entitled to all
of the benefits of this Supplemental Indenture equally and proportionately with all other Notes
duly issued hereunder.

Section 2.08 Outstanding Notes.

The Notes outstanding at any time are all the Notes authenticated by the Trustee except for
those canceled by it, those delivered to it for cancellation, those reductions in the interest in a
Global Note effected by the Trustee in accordance with the provisions hereof, and those described
in this Section 2.08 as not outstanding. Except as set forth in Section 2.09 hereof, a Note does
not cease to be outstanding because the Company or an Affiliate of the Company holds the Note.

If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the
Trustee receives proof satisfactory to it that the replaced Note is held by a protected purchaser.

If the principal amount of any Note is considered paid under Section 4.01 hereof, it ceases to
be outstanding and interest on it ceases to accrue.

If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof)
holds, on a redemption date or maturity date, money sufficient to pay Notes payable on that date,
then on and after that date such Notes will be deemed to be no longer outstanding and will cease to
accrue interest.

Section 2.09 Treasury Notes.

In determining whether the Holders of the required principal amount of Notes have concurred in
any request, demand, authorization, direction, notice, waiver or consent, Notes owned by the
Company or by any Person directly or indirectly controlling or controlled by or under direct or
indirect common control with the Company, will be disregarded, except that for the purposes of
determining whether the Trustee will be protected in relying on any such request, demand,
authorization, direction, notice, waiver or consent, only Notes that the Trustee knows are so owned
will be so disregarded.

Section 2.10 Temporary Notes.

Until certificates representing Notes are ready for delivery, the Company may prepare and the
Trustee, upon receipt of an Authentication Order, will authenticate temporary Notes. Temporary
Notes will be substantially in the form of certificated Notes but may have variations that the
Company considers appropriate for temporary Notes and as may be reasonably acceptable to the
Trustee. Without unreasonable delay, the Company will prepare and the Trustee will authenticate
definitive Notes in exchange for temporary Notes.

Holders of temporary Notes will be entitled to all of the benefits of this Supplemental
Indenture.

Section 2.11 Cancellation.

The Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and
Paying Agent will forward to the Trustee any Notes surrendered to them for registration of
transfer, exchange or payment. The Trustee and no one else will cancel all Notes surrendered for
registration of transfer, exchange, payment, replacement or cancellation and will destroy canceled
Notes (subject to the record retention requirement of the Exchange Act). Certification of the
destruction of all canceled Notes will be delivered to the Company. The Company may not issue new
Notes to replace Notes that it has paid or that have been delivered to the Trustee for
cancellation.

Section 2.12 Defaulted Interest.

If the Company defaults in a payment of interest on the Notes, it will pay the defaulted
interest in any lawful manner plus, to the extent lawful, interest payable on the defaulted
interest, to the Persons who are Holders on a subsequent special record date, in each case at the
rate provided in the Notes and in Section 4.01 hereof. The Company will notify the Trustee in
writing of the amount of defaulted interest proposed to be paid on each Note and the date of the
proposed payment. The Company will fix or cause to be fixed each such special record date and
payment date; provided that no such special record date may be less than 10 days prior to the
related payment date for such defaulted interest. At least 10 days before the special record date,
the Company (or, upon the written request of the Company, the Trustee in the name and at the
expense of the Company) will mail or cause to be mailed to Holders a notice that states the special
record date, the related payment date and the amount of such interest to be paid.

ARTICLE 3

REDEMPTION AND PREPAYMENT

Section 3.01 Notices to Trustee.

If the Company elects to redeem Notes pursuant to the optional redemption provisions of
Section 3.07 hereof, it must furnish to the Trustee, at least 30 days but not more than 60 days
before a redemption date, an Officers’ Certificate setting forth:

(1) the clause of this Supplemental Indenture pursuant to which the redemption shall
occur;

(2) the redemption date;

(3) the principal amount of Notes to be redeemed; and

(4) the redemption price.

Section 3.02 Selection of Notes to Be Redeemed or Purchased.

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 with such adjustments so that no Notes in an unauthorized
denomination are redeemed in part (or, in the case of Notes issued in global form pursuant to
Article 2 hereof, 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.

In the event of partial redemption or purchase by lot, the particular Notes to be redeemed or
purchased will be selected, unless otherwise provided herein, not less than 30 nor more than 60
days prior to the redemption or purchase date by the Trustee from the outstanding Notes not
previously called for redemption or purchase.

The Trustee will promptly notify the Company in writing of the Notes selected for redemption
or purchase and, in the case of any Note selected for partial redemption or purchase, the principal
amount thereof to be redeemed or purchased. 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. Except as provided in the preceding sentence, provisions of
this Supplemental Indenture that apply to Notes called for redemption or purchase also apply to
portions of Notes called for redemption or purchase.

Section 3.03 Notice of Redemption.

Subject to the provisions of Section 3.09 hereof, 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
this Supplemental Indenture pursuant to Articles 8 or 11 hereof.

The notice will identify the Notes to be redeemed and will state:

(1) the redemption date;

(2) the redemption price;

(3) if any Note is being redeemed in part, the portion of the principal amount of such
Note to be redeemed and that, after the redemption date upon surrender of such Note, a new
Note or Notes in principal amount equal to the unredeemed portion will be issued upon
cancellation of the original Note;

(4) the name and address of the Paying Agent;

(5) that Notes called for redemption must be surrendered to the Paying Agent to collect
the redemption price;

(6) that, unless the Company defaults in making such redemption payment, interest on
Notes called for redemption ceases to accrue on and after the redemption date;

(7) the paragraph of the Notes and/or Section of this Supplemental Indenture pursuant
to which the Notes called for redemption are being redeemed; and

(8) that no representation is made as to the correctness or accuracy of the CUSIP
number, if any, listed in such notice or printed on the Notes.

At the Company’s request, the Trustee will give the notice of redemption in the Company’s name
and at its expense; provided, however, that the Company has delivered to the Trustee, at least 45
days prior to the redemption date, an Officers’ Certificate requesting that the Trustee give such
notice and setting forth the information to be stated in such notice as provided in the preceding
paragraph.

Section 3.04 Effect of Notice of Redemption.

Once notice of redemption is mailed in accordance with Section 3.03 hereof, Notes called for
redemption become irrevocably due and payable on the redemption date at the redemption price.
Other than a Change of Control Offer made in advance of a Change of Control, notices of redemption
may not be conditional.

Section 3.05 Deposit of Redemption or Purchase Price.

One Business Day prior to the redemption or purchase date, the Company will deposit with the
Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and
accrued interest, if any, on all Notes to be redeemed or purchased on that date. The Trustee or
the Paying Agent will promptly return to the Company any money deposited with the Trustee or the
Paying Agent by the Company in excess of the amounts necessary to pay the redemption or purchase
price of and accrued interest, if any, on all Notes to be redeemed or purchased.

If the Company complies with the provisions of the preceding paragraph, on and after the
redemption or purchase date, interest will cease to accrue on the Notes or the portions of Notes
called for redemption or purchase. If a Note is redeemed or purchased on or after an interest
record date but on or prior to the related interest payment date, then any accrued and unpaid
interest shall be paid to the Person in whose name such Note was registered at the close of
business on such record date. If any Note called for redemption or purchase is not so paid upon
surrender for redemption or purchase because of the failure of the Company to comply with the
preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or
purchase date until such principal is paid, and to the extent lawful on any interest not paid on
such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01 hereof.

Section 3.06 Notes Redeemed or Purchased in Part.

Upon surrender of a Note that is redeemed or purchased in part, the Company will issue and,
upon receipt of an Authentication Order, the Trustee will authenticate for the Holder at the
expense of the Company a new Note equal in principal amount to the unredeemed or unpurchased
portion of the Note surrendered.

Section 3.07 Optional Redemption.

(a) At any time prior to August 15, 2013, 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, upon
not less than 30 nor more than 60 days’ notice, at a redemption price equal to 107.875% of the
principal amount of the Notes redeemed, plus accrued and unpaid interest, if any, to 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 from an Equity Offering
by the Company; provided that:

(1) at least 65% of the aggregate principal amount of Notes 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 90 days of the date of the closing of such Equity
Offering.

(b) At any time prior to August 15, 2014, 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 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 August 15, 2014.

(d) On or after August 15, 2014, 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 the applicable date of redemption, if redeemed during the
twelve-month period beginning on August 15 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
	2014.

	 	 	103.938	%
	2015.

	 	 	101.969	%
	2016 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) Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of
Sections 3.01 through 3.06 hereof.

Section 3.08 Mandatory Redemption.

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

Section 3.09 Offer to Purchase by Application of Excess Proceeds.

In the event that, pursuant to Section 4.10 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 this Supplemental
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 the close of business 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 3.09 and Section
4.10 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;

(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 Depositary, 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
Depositary 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 Trustee will select the Notes
and the trustee or agent for such other pari passu Indebtedness shall select such 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 3.09. The Company, the
Depositary 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.

Other than as specifically provided in this Section 3.09, any purchase pursuant to this
Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06 hereof.

ARTICLE 4

COVENANTS

Section 4.01 Payment of Notes.

The Company will pay or cause to be paid the principal of, premium on, if any, and interest,
if any, on, the Notes on the dates and in the manner provided in the Notes. Principal, premium, if
any, and interest, if any, will be considered paid on the date due if the Paying Agent, if other
than the Company or a Subsidiary thereof, holds as of 10:00 a.m. Eastern Time on the due date money
deposited by the Company in immediately available funds and designated for and sufficient to pay
all principal, premium, if any, and interest, if any, then due.

The Company will pay interest (including post-petition interest in any proceeding under any
Bankruptcy Law) on overdue principal at a rate that is 1% higher than the then 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 and Special Interest,
if any (without regard to any applicable grace period), at the same rate to the extent lawful.

Section 4.02 Maintenance of Office or Agency.

The Company will maintain an office or agency (which may be an office of the Trustee or an
affiliate of the Trustee, Registrar or co-registrar) where Notes may be surrendered for
registration of transfer or for exchange and where notices and demands to or upon the Company in
respect of the Notes and this Supplemental Indenture may be served. The Company will give prompt
written notice to the Trustee of the location, and any change in the location, of such office or
agency. If at any time the Company fails to maintain any such required office or agency or fails
to furnish the Trustee with the address thereof, such presentations, surrenders, notices and
demands may be made or served at the Corporate Trust Office of the Trustee.

The Company may also from time to time designate one or more other offices or agencies where
the Notes may be presented or surrendered for any or all such purposes and may from time to time
rescind such designations. The Company will give prompt written notice to the Trustee of any such
designation or rescission and of any change in the location of any such other office or agency.

The Company hereby designates the Corporate Trust Office of the Trustee as one such office or
agency of the Company in accordance with Section 2.03 hereof.

Section 4.03 Reports.

(a) Whether or not required by the rules and regulations of the SEC, including the reporting
requirements of Section 13 or 15(d) of the Exchange Act, so long as any Notes are outstanding, the
Company will file with the SEC (and provide the Trustee, within 15 days after it files them with
the SEC):

(1) within 90 days after the end of each fiscal year, annual reports on Form 10-K (or
any successor or comparable form),

(2) within 45 days after the end of each of the first three fiscal quarters of each
fiscal year, reports on Form 10-Q (or any successor or comparable form),

(3) promptly from time to time after the occurrence of an event required to be reported
on a Form 8-K filed (as opposed to furnished) with the SEC, such other reports on Form 8-K
(or any successor or comparable form), and

(4) any other information, documents and other reports which the Company would be
required to file with the SEC if it were subject to Section 13 or 15(d) of the Exchange Act.

provided, however, that the Company shall not be so obligated to file such reports with the SEC if
the SEC does not permit such filing, in which event the Company will post the reports specified in
the first sentence of this paragraph on its website within the time periods that would apply if the
Company were required to file those reports with the SEC. Notwithstanding anything to the contrary
in the foregoing, the Company will be deemed to have furnished such information referred to in the
previous sentence to the Trustee if the Company has filed such reports and other information with
the SEC via the EDGAR filing system (or any successor system) and such reports and other
information are publicly available. All such reports will be prepared in all material respects in
accordance with all of the rules and regulations applicable to such reports.

Section 4.04 Compliance Certificate.

(a) The Company shall deliver to the Trustee, within 120 days after the end of each fiscal
year, an Officers’ Certificate stating that a review of the activities of the Company and its
Subsidiaries during the preceding fiscal year has been made under the supervision of the signing
Officers with a view to determining whether the Company has kept, observed, performed and fulfilled
its obligations under this Supplemental Indenture, and further stating, as to each such Officer
signing such certificate, that to the best of his or her knowledge the Company has kept, observed,
performed and fulfilled each and every covenant contained in this Supplemental Indenture and is not
in default in the performance or observance of any of the terms, provisions and conditions of this
Supplemental Indenture (or, if a Default or Event of Default has occurred, describing all such
Defaults or Events of Default of which he or she may have knowledge and what action the Company is
taking or proposes to take with respect thereto) and that to the best of his or her knowledge no
event has occurred and remains in existence by reason of which payments on account of the principal
of, premium on, if any, or interest, if any, on, the Notes is prohibited or if such event has
occurred, a description of the event and what action the Company is taking or proposes to take with
respect thereto.

(b) So long as any of the Notes are outstanding, the Company will deliver to the Trustee,
forthwith within 10 days of becoming aware of any Default or Event of Default, an Officers’
Certificate specifying such Default or Event of Default, its status and what action the Company is
taking or is proposing to take with respect thereto.

Section 4.05 Taxes.

The Company will pay, and will cause each of its Subsidiaries to pay, prior to delinquency,
all material taxes, assessments, and governmental levies except such as are contested in good faith
and by appropriate proceedings or where the failure to effect such payment is not adverse in any
material respect to the Holders of the Notes.

Section 4.06 Stay, Extension and Usury Laws.

The Company covenants (to the extent that it may lawfully do so) that it will not at any time
insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any
stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may
affect the covenants or the performance of this Supplemental Indenture; and the Company (to the
extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such
law, and covenants that it will not, by resort to any such law, hinder, delay or impede the
execution of any power herein granted to the Trustee, but will suffer and permit the execution of
every such power as though no such law has been enacted.

Section 4.07 Restricted Payments.

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

(1) 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) or to the direct or indirect holders of the Company’s
or any of its Restricted Subsidiaries’ Equity Interests in their capacity as such (other
than dividends or distributions payable in Equity Interests (other than Disqualified Stock)
of the Company and other than dividends or distributions payable to the Company or a
Restricted Subsidiary of the Company);

(2) 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;

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

(4) make any Restricted Investment (all such payments and other actions set forth in
these Clauses (1) through (4) 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 4.09(a)
hereof; 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), (12) and (13) of Paragraph (b) of this Section 4.07),
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 April 1, 2010 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

(B) 100% of the aggregate net cash proceeds received by the Company since the
date of this Supplemental Indenture as a contribution to its common equity capital
or from the issue or sale of Qualifying Equity Interests of the Company or from the
issue or sale of convertible or exchangeable Disqualified Stock of the Company or
convertible or exchangeable debt securities of the Company, in each case that have
been converted into or exchanged for such Equity Interests of the Company (other
than 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 or Cash Equivalents received from
the disposition or sale of any Restricted Investment that was made after the date of
this Supplemental Indenture; plus

(D) 100% of the net reduction in Investments in any Person other than the
Company or a Restricted Subsidiary resulting from dividends, repayment of loans or
advances or other transfers of assets, in each case to the Company or any Restricted
Subsidiary in such Person; plus

(E) 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 or is merged or consolidated with or into the Company or a Restricted
Subsidiary after the date of this Supplemental Indenture, 100% of the lesser of (i)
the Fair Market Value of the Company’s Restricted Investment in such Subsidiary as
of the date of such redesignation, merger or consolidation or (ii) such Fair Market
Value as of the date on which such Subsidiary was originally designated as an
Unrestricted Subsidiary after the date of this Supplemental Indenture; plus

(F) 100% of any dividends received in cash by the Company or a Restricted
Subsidiary of the Company after the date of this Supplemental Indenture from an
Unrestricted Subsidiary of the Company, to the extent that such dividends were not
otherwise included in the Consolidated Net Income of the Company for such period.

(b) The provisions of Section 4.07(a) hereof will not prohibit:

(1) the payment of any dividend or the consummation of any irrevocable redemption
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 this Supplemental 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 of
Section 4.07(a)(3)(B) and will not be considered to be net cash proceeds from an Equity
Offering for purposes of Section 3.07 of this Supplemental Indenture;

(3) the declaration or payment of any dividend (or, in the case of any partnership or
limited liability company, any similar distribution) by a Restricted Subsidiary of the
Company to the holders of its Equity Interests on a pro rata basis;

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

(5) so long as no Default or Event of Default has occurred and is continuing, 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 or employee (and their respective permitted transferees under the
applicable benefit plan, if any, under which such Equity Interests were made) of the Company
or any of its Restricted Subsidiaries pursuant to any equity subscription agreement, stock
option agreement, shareholders’ agreement or similar agreement; provided that the aggregate
price paid for all such repurchased, redeemed, acquired or retired Equity Interests may not
exceed in any calendar year $15.0 million (with unused amounts in any calendar year being
carried over to succeeding calendar years subject to a maximum (without giving effect to the
following proviso) of $25.0 million in any calendar year); provided, further, that such
amount in any calendar year may be increased by an amount not to exceed:

	 	(a)	 	the cash proceeds from the sale of Equity Interests (other than Disqualified
Stock) of the Company and, to the extent contributed to the Company as common equity
capital, the cash proceeds from the sale of Equity Interests of any of the Company’s
direct or indirect parent companies, in each case to members of management, directors
or consultants of the Company, any of its Subsidiaries or any of its direct or indirect
parent companies that occurs after the date of this Supplemental Indenture to the
extent the cash proceeds from the sale of Equity Interests of the Company (other than
Disqualified Stock) have not otherwise been applied to the making of Restricted
Payments pursuant to Section 4.07(a)(3)(B) or Section 4.07(b)(2) or to an optional
redemption of Notes pursuant to Section 3.07 of this Supplemental Indenture; 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; and

in addition, cancellation of Indebtedness owing to the Company from any current or former
officer, director or employee (or any permitted transferees thereof) of the Company or any
of its Restricted Subsidiaries (or any direct or indirect parent company thereof), in
connection with a repurchase of Equity Interests of the Company from such Persons will not
be deemed to constitute a Restricted Payment for purposes of this Section 4.07 or any other
provisions of this Supplemental Indenture );

(6) the repurchase of Equity Interests deemed to occur (A) upon the exercise of stock
options, warrants or similar rights to the extent such Equity Interests represent a portion
of the exercise price of those stock options or warrants, (B) as a result of common shares
utilized to satisfy tax withholding obligations upon exercise of stock options or vesting of
other equity awards or (C) upon the cancellation of stock options, warrants or other equity
awards;

(7) so long as no Default or Event of Default has occurred and is continuing, 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 4.09 hereof;

(8) the declaration and payment of quarterly dividends to holders of common Equity
Interests of the Company in an aggregate amount not to exceed $40.0 million in any calendar
year;

(9) distributions or payments of Receivables Fees;

(10) other Restricted Payments in an aggregate amount not to exceed the greater of (A)
$40.0 million and (B) 2.75% of the Company’s Consolidated Total Assets;

(11) the declaration or payment of a dividend on, or the repurchase, redemption or
other acquisition or retirement for value of, the preferred stock of the Company outstanding
as of the date of this Supplemental Indenture;

(12) cash payments made in lieu of the issuance of fractional shares (whether in
connection with the exercise of warrants, options or other securities convertible into or
exchangeable into capital stock of the Company or otherwise); and

(13) the repurchase or redemption of common stock or preferred stock purchase rights
issued in connection with any shareholders’ rights plans.

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.

Section 4.08 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries.

(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) The restrictions in Section 4.08(a) hereof will not apply to encumbrances or restrictions
existing under or by reason of:

(1) 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) this Supplemental Indenture and the Notes;

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

(4) any instrument governing Indebtedness or Capital Stock 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 such Indebtedness or Capital Stock was incurred in connection with or
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; provided that, in the case of Indebtedness,
such Indebtedness was permitted by the terms of this Supplemental Indenture to be incurred;

(5) customary provisions in leases, subleases, joint venture agreements or other
similar agreements, asset sale agreements, contracts and licenses entered into in the
ordinary course of business;

(6) 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 Clause (3) of Section 4.08(a) hereof;

(7) 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;

(8) 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;

(9) Liens permitted to be incurred under the provisions of Section 4.12 hereof that
limit the right of the debtor to dispose of the assets subject to such Liens;

(10) 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 entered into with the approval of the Board of Directors of the
Company, which limitation is applicable only to the assets that are the subject of such
agreements;

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

(12) restrictions created in connection with any Receivables Facility that, as
certified in an Officers’ Certificate, are necessary or advisable to effect such Receivables
Facility;

(13) any agreement with respect to Indebtedness of a Foreign Subsidiary of the Company
permitted under this Supplemental Indenture so long as such prohibitions or limitations are
only with respect to the properties and revenues of such Foreign Subsidiary or any
Subsidiary of such Foreign Subsidiary; and

(14) any encumbrances or restrictions of the type referred to in Clauses (1), (2) and
(3) of Section 4.08(a) 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 (13) of this Section 4.08(b);
provided, however, that the encumbrances or restrictions imposed by such amendments,
modifications, restatements, renewals, increases, supplements, refundings, replacements or
refinancings are, in the good faith judgment of the Company’s Board of Directors, not
materially less favorable to the Holders of the Notes than encumbrances and restrictions
contained in such predecessor agreements.

Section 4.09 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 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) The provisions of Section 4.09(a) hereof will not prohibit the incurrence of any of the
following items of Indebtedness (collectively, “Permitted Debt”):

(1) the incurrence by the Company or 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 maximum potential liability of the Company and its
Restricted Subsidiaries thereunder), not to exceed the greater of (a) $450.0 million less
the aggregate amount of all Net Proceeds of Asset Sales applied by the Company or any of its
Restricted Subsidiaries since the date of this Supplemental Indenture to repay any term
Indebtedness under a Credit Facility or to repay any revolving credit Indebtedness under a
Credit Facility and effect a corresponding commitment reduction thereunder pursuant to
Section 4.10 of this Supplemental Indenture and (b) the Borrowing Base, based on the most
recent fiscal quarter end for which an internal consolidated balance sheet of the Company is
available;

(2) the incurrence by the Company and its Restricted Subsidiaries of the Existing
Indebtedness (other than Indebtedness described in Clauses (1) and (3) of this Section
4.09(b);

(3) the incurrence by the Company of Indebtedness represented by the Notes 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,
whether by direct purchase of assets or the Capital Stock of any Person owning such assets,
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 the greater of (A) $50.0 million at any time outstanding and (B)
3.5% of the Company’s Consolidated 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 this Supplemental Indenture to be incurred under Section
4.09(a) hereof or Clauses (2), (3), (5), (13) or (14) of this Section 4.09(b); provided,
that with respect to Indebtedness incurred pursuant to the Company’s Convertible Notes, this
Clause (5) shall only apply to Indebtedness related to Convertible Notes that remain
outstanding, if any, upon completion of the tender offer therefor, commenced July 27, 2010;

(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) if the Company is the obligor on such Indebtedness, such Indebtedness must
be unsecured and expressly subordinated to the prior payment in full in cash of all
Obligations then due with respect to the Notes; and

(B) (1) 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 (2) 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:

(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 of Indebtedness of the Company or a Restricted
Subsidiary of the Company that was permitted to be incurred by another provision of this
Section 4.09; 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, payment obligations in connection
with health or other types of social security benefits, unemployment or other insurance or
self-insurance obligations, reclamations, statutory obligations, bankers’ acceptances,
performance, surety or similar bonds and reimbursement obligations with respect to letters
of credit or completion or performance guarantees or other similar obligations in the
ordinary course of business;

(11) 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;

(12) the incurrence of Acquired Debt or Indebtedness by the Company or any of its
Restricted Subsidiaries to finance the acquisition (including, without limitation, by way of
a merger) of Capital Stock of any Person engaged in, or assets used or useful in, a
Permitted Business and the incurrence by the Company or any of its Restricted Subsidiaries
of any Permitted Refinancing Indebtedness in exchange for, or the net proceeds of which are
used to, renew, refund, refinance, replace, defease or discharge any Indebtedness otherwise
permitted to be incurred pursuant to this Clause (12), but only so long as (a) the Fixed
Charge Coverage Ratio for the Company’s most recently ended four full fiscal quarters for
which internal financial statements are available immediately preceding the date on which
such Acquired Debt, additional Indebtedness or Permitted Refinancing Indebtedness is
incurred would have been at least 1.75 to 1.0, determined on a pro forma basis (including a
pro forma application of the net proceeds therefrom), as if the Acquired Debt, additional
Indebtedness or Permitted Refinancing Indebtedness had been incurred at the beginning of
such four-quarter period and (b) the Company would, 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, have had a Fixed Charge
Coverage Ratio equal to or greater than the actual Fixed Charge Coverage Ratio for the
Company for such four-quarter period;

(13) the incurrence by the Company or any of its Restricted Subsidiaries of additional
Indebtedness in an aggregate principal amount (or accreted value, as applicable) at any time
outstanding, including all Permitted Refinancing Indebtedness incurred to renew, refund,
refinance, replace, defease or discharge any Indebtedness incurred pursuant to this Clause
(13), not to exceed the greater of (A) $60.0 million and (B) 4.0% of the Company’s
Consolidated Total Assets;

(14) the incurrence by the Company or any of its Restricted Subsidiaries of
Indebtedness pursuant to any Recourse Non-U.S. Receivables Facility, in an aggregate
principal amount at any one time outstanding, including all Permitted Refinancing
Indebtedness incurred to renew, refund, refinance, replace, defease or discharge any
Indebtedness otherwise permitted to be incurred pursuant to this Clause (14), not to exceed
$100 million;

(15) the guarantee by a Restricted Subsidiary of Indebtedness of the Company under
Credit Facilities;

(16) customary indemnification, adjustment of purchase price or similar obligations, in
each case, incurred in connection with the acquisition or disposition of any assets or
Capital Stock of the Company or any Restricted Subsidiary; and

(17) the incurrence of Indebtedness owing to any insurance company or broker in
connection with the financing of insurance premiums in the ordinary course of business.

Notwithstanding the foregoing, Restricted Subsidiaries may incur Indebtedness (including
Acquired Debt) or issue preferred stock pursuant to Section 4.09(a) hereof and Clauses (1), (4),
(5), (12) and (13) of Section 4.09(b) hereof, but only if the Priority Debt Leverage Ratio as of
the date of incurrence of such Indebtedness or issuance of such preferred stock, as the case may
be, would not exceed 2.25 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 preferred stock had been issued, as the case may be, at the beginning of the most recent
four-quarter period for which internal financial statements are available. For the avoidance of
doubt, this paragraph shall not apply to Indebtedness incurred in connection with Clause (14) of
Section 4.09(b) hereof.

The Company will not incur any Indebtedness (including Permitted Debt) that is contractually
subordinated in right of payment to any other Indebtedness of the Company unless such Indebtedness
is also contractually subordinated in right of payment to the Notes on substantially identical
terms; provided, however, that no Indebtedness will be deemed to be contractually subordinated in
right of payment to any other Indebtedness of the Company solely by virtue of being unsecured or by
virtue of being secured on junior priority basis.

For purposes of determining compliance with this Section 4.09, 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 (17) above, or is entitled to be incurred pursuant to Section 4.09(a) hereof,
the Company in its sole discretion will be permitted to classify such item of Indebtedness on the
date of its incurrence, the Company may divide and classify an item of Indebtedness in one or more
types of Indebtedness and the Company may later reclassify all or a portion of such item of
Indebtedness, in any manner that complies with this Section 4.09. Indebtedness under Credit
Facilities outstanding on the date on which Notes are first issued and authenticated under this
Supplemental Indenture will initially be deemed to have been incurred on such date in reliance on
the exception provided by Clause (1) of the Definition of Permitted Debt. Indebtedness under
Recourse Non-U.S. Receivables Facilities outstanding on the date on which Notes are first issued
and authenticated under this Supplemental Indenture will initially be deemed to have been incurred
on such date in reliance on the exception provided by Clause (14) of the Definition of Permitted
Debt. The accrual of interest, 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 Section 4.09; provided, in each such case, that the amount of any such accrual, accretion or
payment 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 of
determination. Notwithstanding any other provision of this Section 4.09, the maximum amount of
Indebtedness that the Company or any Restricted Subsidiary may incur pursuant to this Section 4.09
shall not be deemed to be exceeded solely as a result of fluctuations in exchange rates or currency
values.

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;

(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; and

(4) in respect of any Hedging Obligations, the amount of such obligations to
be equal at any time to the termination value of such agreement or arrangement.

For purposes of determining any particular amount of Indebtedness under this Section 4.09,
guarantees, Liens, obligations with respect to letters of credit and other obligations supporting
Indebtedness otherwise included in the determination of a particular covenant under this
Supplemental Indenture will not be included. 

Section 4.10 Asset Sales.

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

(1) the Company (or the applicable 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) except in the case of a Permitted Asset Swap, 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 for purposes of this Clause (2):

(A) any liabilities, as shown on the Company’s most recent consolidated balance
sheet, of the Company or any Restricted Subsidiary (other than liabilities that are
by their terms subordinated to the Notes) (i) that are assumed by the transferee of
any such assets and from which the Company and its Restricted Subsidiaries are
unconditionally released or indemnified against by such transferee or (ii) in
respect of which neither the Company nor any Restricted Subsidiary following such
Asset Sale has any obligation;

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

(C) any stock or assets of the kind referred to in Clauses (2) or (4) of the
next paragraph of this Section 4.10; and

(D) any Designated Non-Cash Consideration received by the Company or 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 in the aggregate, not to exceed the
greater of (i) $35.0 million and (ii) 2.50% of the Company’s Consolidated Total
Assets, in each case, 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 measured at the time received and without giving effect to subsequent
changes in value, shall be deemed to be cash for purposes of this provision and for
no other purpose.

Within 365 days after the receipt of any Net Proceeds from an Asset Sale, the Company (or the
applicable Restricted Subsidiary, as the case may be) may apply such Net Proceeds:

(1) to repay Indebtedness and other Obligations under a Credit Facility that are
secured by a Lien and, if the Indebtedness repaid is revolving credit Indebtedness, to
correspondingly reduce commitments with respect thereto;

(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 not classified as current assets under GAAP and
that are used or useful in a Permitted Business;

(5) to repurchase all or a portion of the Convertible Notes;

(6) to consummate a restructuring of other assets or properties of the Company or any
of its Subsidiaries, so long as, with respect to any Asset Sale, the aggregate Net Proceeds
applied pursuant to this Clause (6) do not exceed 10.0% of the Net Proceeds with respect to
such Asset Sale.

In the case of Clauses (2), (3), (4), (5) and (6) above, a binding commitment shall be treated as a
permitted application of the Net Proceeds from the date of such commitment; provided that in the
event such binding commitment is later canceled or terminated for any reason before such Net
Proceeds are so applied, the Company or such Restricted Subsidiary may satisfy its obligation as to
any Net Proceeds by entering into another binding commitment within 180 days of such cancellation
or termination of the prior binding commitment; provided, further, that the Company or such
Restricted Subsidiary may only enter into such a commitment under the foregoing provision one time
with respect to each Asset Sale. Pending the final application of any Net Proceeds, the Company
(or the applicable Restricted Subsidiary) may temporarily reduce revolving credit borrowings or
otherwise invest the Net Proceeds in any manner that is not prohibited by this Supplemental
Indenture.

Any Net Proceeds from Asset Sales that are not applied or invested as provided in the second
paragraph of this Section 4.10 will constitute “Excess Proceeds.” When the aggregate amount of
Excess Proceeds exceeds $30.0 million, within 10 business days thereof, the Company will make an
Asset Sale Offer to all Holders of Notes and, in the Company’s discretion, to all holders of other
Indebtedness that is pari passu with the Notes containing provisions similar to those set forth in
this Supplemental Indenture with respect to offers to purchase or redeem with the proceeds of sales
of assets in accordance with Section 3.09 hereof to purchase 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 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 the date of closing of
such purchase, 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 this Supplemental Indenture. If the aggregate principal amount of Notes and other
pari passu Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds,
the Trustee will select the Notes and the trustee or agent for such other pari passu Indebtedness
shall select such other pari passu Indebtedness to be purchased on a pro rata basis with such
adjustments so that no Notes in an unauthorized denomination is redeemed in part. Upon completion
of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero.

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 an Asset Sale Offer. To the
extent that the provisions of any securities laws or regulations conflict with the provisions of
Section 3.09 hereof or this Section 4.10, the Company will comply with the applicable securities
laws and regulations and will not be deemed to have breached its obligations under Section 3.09
hereof or this Section 4.10 by virtue of such compliance.

Section 4.11 Transactions with Affiliates.

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, make any
payment to, pay any dividend 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 $5.0 million, unless:

(1) the Affiliate Transaction is on terms that are no 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:

(A) with respect to any Affiliate Transaction or series of related Affiliate
Transactions involving aggregate consideration in excess of $20.0 million, a
resolution of the Board of Directors of the Company set forth in an Officers’
Certificate certifying that such Affiliate Transaction complies with this Section
4.11 and that such Affiliate Transaction has been approved by a majority of the
disinterested members of the Board of Directors of the Company; and

(B) with respect to any Affiliate Transaction or series of related Affiliate
Transactions involving aggregate consideration in excess of $40.0 million, an
opinion as to the fairness to the Company or such 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 4.11(a) hereof:

(1) any employment agreement, employee benefit plan, officer or director
indemnification agreement or any similar arrangement (including vacation plans, health and
life insurance plans, deferred compensation plans, retirement or savings plans, and stock
option, stock ownership or similar plans) 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;

(4) Restricted Payments that do not violate the provisions of Section 4.07 of this
Supplemental Indenture or Permitted Investments;

(5) the payment of reasonable and customary compensation and fees paid to, and
indemnities provided on behalf of (and entering into related agreements with) officers,
directors, employees or consultants of the Company or any Restricted Subsidiary, as
determined in good faith by the Board of Directors of the Company or senior management
thereof;

(6) payments or loans (or cancellations of loans) to employees or consultants of the
Company or any Restricted Subsidiary which are approved by the Board of Directors of the
Company and which are otherwise permitted under this Supplemental Indenture, but in any
event not to exceed $5.0 million in the aggregate outstanding at any one time;

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

(8) the issuance of Equity Interests (other than Disqualified Stock) of the Company to
Affiliates of the Company;

(9) the entering into of any customary tax sharing agreement or arrangement and any
payments permitted by Section 4.07 hereof;

(10) any contribution to the capital of the Company;

(11) transactions between the Company or any of its Restricted Subsidiaries and any
Person, a director of which is also a director of the Company or any direct or indirect
parent company of the Company and such director is the sole cause for such Person to be
deemed an Affiliate of the Company or any of its Restricted Subsidiaries; provided, however,
that such director abstains from voting as director of the Company or such direct or
indirect parent company, as the case may be, on any matter involving such other Person;

(12) pledges of Equity Interests of Unrestricted Subsidiaries;

(13) sales of accounts receivable, or participations therein, in connection with any
Receivables Facility; and

(14) any agreement as in effect as of the date of this Supplemental Indenture, or any
amendment thereto or renewal or replacement thereof (so long as any such amendment, renewal,
or replacement is not 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 the supplemental
indenture).

Section 4.12 Liens.

The Company will not and will not permit any of its Restricted Subsidiaries to, directly or
indirectly, create, incur, assume or otherwise cause or suffer to exist or become effective any
Lien of any kind (other than Permitted Liens) securing Indebtedness, including Attributable Debt,
on any property or asset, now owned or hereafter acquired, unless all payments due under this
Supplemental Indenture and the Notes are secured on an equal and ratable basis with the obligations
so secured until such time as such obligations are no longer secured by a Lien.

	 	 	 
	Section 4.13

Section 4.14

	 	Reserved.

Corporate Existence.

Subject to Article 5 of this Supplemental Indenture, the Company will do or cause to be done
all things necessary to preserve and keep in full force and effect:

(1) its corporate existence, and the corporate, partnership or other existence of each
of its Subsidiaries, in accordance with the respective organizational documents (as the same
may be amended from time to time) of the Company or any such Subsidiary; and

(2) the rights (charter and statutory), licenses and franchises of the Company and its
Subsidiaries; provided, however, that the Company shall not be required to preserve any such
right, license or franchise, or the corporate, partnership or other existence of any of its
Subsidiaries, if the Board of Directors shall determine that the preservation thereof is no
longer desirable in the conduct of the business of the Company and its Subsidiaries, taken
as a whole, and that the loss thereof is not adverse in any material respect to the Holders.

Section 4.15 Offer to Repurchase Upon Change of Control.

(a) Upon the occurrence of a Change of Control, the Company will make an offer (a “Change of
Control Offer”) to each Holder 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 at a purchase price 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 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 (the “Change
of Control Payment”). Within 30 days following any Change of Control, the Company will mail a
notice to each Holder describing the transaction or transactions that constitute the Change of
Control and stating:

(1) that the Change of Control Offer is being made pursuant to this Section 4.15 and
that all Notes tendered will be accepted for payment;

(2) the purchase price and the purchase date (the “Change of Control Payment Date”),
which shall be no earlier than 45 days and no later than 90 days from the date such notice
is mailed;

(3) that any Note not tendered will continue to accrue interest;

(4) that, unless the Company defaults in the payment of the Change of Control Payment,
all Notes accepted for payment pursuant to the Change of Control Offer will cease to accrue
interest after the Change of Control Payment Date;

(5) that Holders electing to have any Notes purchased pursuant to a Change of Control
Offer will be required to surrender the Notes, with the form entitled “Option of Holder to
Elect Purchase” attached to the Notes completed, or transfer by book-entry transfer, to the
Paying Agent at the address specified in the notice prior to the close of business on the
third Business Day preceding the Change of Control Payment Date;

(6) that Holders will be entitled to withdraw their election if the Paying Agent
receives, not later than the close of business on the second Business Day preceding the
Change of Control Payment Date, a telegram, telex, facsimile transmission or letter setting
forth the name of the Holder, the principal amount of Notes delivered for purchase, and a
statement that such Holder is withdrawing his election to have the Notes purchased; and

(7) that Holders whose Notes are being purchased only in part will be issued new Notes
equal in principal amount to the unpurchased portion of the Notes surrendered, which
unpurchased portion must be equal to $2,000 in principal amount or an integral multiple of
$1,000 in excess thereof.

(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 purchased by the Company.

The Paying Agent will promptly mail or deliver 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; provided that each new Note will be in a
principal amount of $2,000 or integral multiples of $1,000 in excess of $2,000. 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.

(c) Notwithstanding anything to the contrary in this Section 4.15, 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 this Section 4.15 and purchases all Notes properly tendered and not
withdrawn under the Change of Control Offer, or (2) notice of redemption has been given pursuant to
Section 3.07 hereof, unless and until there is a default in payment of the applicable redemption
price.

(d) Notwithstanding anything to the contrary contained herein, a Change of Control Offer may
be made in advance of a Change of Control, conditional 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.

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. To
the extent that the provisions of any securities laws or regulations conflict with the provisions
of this Section 4.15, the Company will comply with the applicable securities laws and regulations
and will not be deemed to have breached its obligations under this Section 4.15 by virtue of such
compliance.

Section 4.16 Changes in Covenants When Notes Rated Investment Grade.

Following the first day that:

(1) the Notes have an Investment Grade Rating from both of the Rating Agencies; and

(2) no Default has occurred and is continuing under this Supplemental Indenture,

then, the Company and its Restricted Subsidiaries will not be subject to the provisions of
Sections 4.07, 4.08, 4.09, 4.10, 4.11, 5.01 and 10.01 hereof (collectively, the “Suspended
Covenants”). In the event that the Company and its Restricted Subsidiaries are not subject to the
Suspended Covenants for any period of time as a result of the preceding sentence, and subsequently
one or both of the Rating Agencies withdraws its rating or downgrades the rating assigned to the
Notes below an Investment Grade Rating, then the Company and the Restricted Subsidiaries will
thereafter again be subject to the Suspended Covenants, and compliance with the Suspended Covenants
with respect to Restricted Payments made after the time of such withdrawal or downgrade will be
calculated in accordance with the terms of Section 4.07 hereof as though such covenant had been in
effect since the date the Notes were originally issued. The Company will promptly notify the
Trustee of any suspension or reinstatement of the Suspended Covenants as contemplated by this
Section 4.16.

Section 4.17 Limitation on Sale and Leaseback Transactions.

The Company will not, and will not permit any of its Restricted Subsidiaries to, enter into
any sale and leaseback transaction; provided that the Company and its Restricted Subsidiaries may
enter into a sale and leaseback transaction if:

(1) the Company or the Restricted Subsidiary could have (a) incurred Indebtedness in an
amount equal to the Attributable Debt relating to such sale and leaseback transaction under
the Fixed Charge Coverage Ratio test in Section 4.09(a) hereof and (b) incurred a Lien to
secure such Indebtedness pursuant to Section 4.12 hereof;

(2) the gross cash proceeds of that sale and leaseback transaction are at least equal
to the Fair Market Value, of the property that is the subject of that sale and leaseback
transaction; and

(3) the transfer of assets in that sale and leaseback transaction is permitted by, and
the Company or the Restricted Subsidiary applies the proceeds of such transaction in
compliance with, Section 4.10 hereof, if applicable.

Section 4.18 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
this Supplemental 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.

Section 4.19 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 and will
reduce the amount available for Restricted Payments under Section 4.07(a) hereof 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 4.07 hereof. 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
this Supplemental 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 Section 4.09 hereof, 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) such Indebtedness is permitted under Section 4.09 hereof, calculated on a pro
forma basis as if such designation had occurred at the beginning of the four-quarter reference
period; and (2) no Default or Event of Default would be in existence following such designation.

ARTICLE 5

SUCCESSORS

Section 5.01 Merger, Consolidation or Sale of Assets.

The Company shall not, directly or indirectly: (x) consolidate or merge with or into another
Person (whether or not the Company is the surviving corporation); or (y) 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:

(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 a corporation organized or existing under the
laws of the United States, any state of the United States or the District of
Columbia;

(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
this Supplemental Indenture, pursuant to a supplemental indenture;

(3) immediately after giving effect to such transaction, no Default or Event of Default
shall have occurred and be continuing; and

(4) 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, 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 (i) be permitted to incur at least $1.00
of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in
Section 4.09(a) hereof; or (ii) have had a Fixed Charge Coverage Ratio equal to or greater
than the Fixed Charge Coverage Ratio for the Company immediately prior to such transaction.

In addition, the Company will not, directly or indirectly, lease all or substantially all 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:

(1) any consolidation or merger, or any sale, assignment, transfer, conveyance, lease
or other disposition of assets between or among the Company and any of its Restricted
Subsidiaries; or

(2) (except for the first Clauses (1) and (2) of this Section 5.01) a merger of the
Company with an Affiliate solely for the purpose of reincorporating the Company in another
jurisdiction.

Section 5.02 Successor Corporation Substituted.

Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or
other disposition of all or substantially all of the properties or assets of the Company in a
transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof, the
successor Person formed by such consolidation or into or with which the Company is merged or to
which such sale, assignment, transfer, lease, conveyance or other disposition is made shall succeed
to, and be substituted for (so that from and after the date of such consolidation, merger, sale,
assignment, transfer, lease, conveyance or other disposition, the provisions of this Supplemental
Indenture referring to the “Company” shall refer instead to the successor Person and not to the
Company), and may exercise every right and power of the Company under this Supplemental Indenture
with the same effect as if such successor Person had been named as the Company herein; provided,
however, that the predecessor Company shall not be relieved from the obligation to pay the
principal of, premium on, if any, and interest, if any, on, the Notes except in the case of a sale
of all of the Company’s assets in a transaction that is subject to, and that complies with the
provisions of, Section 5.01 hereof.

ARTICLE 6

DEFAULTS AND REMEDIES

Section 6.01 Events of Default.

Each of the following is an “Event of Default”:

(1) default for 30 days in the payment when due of interest on the Notes;

(2) default in the payment when due (at maturity, upon redemption or otherwise) of the
principal of, or premium, if any, on, the Notes;

(3) failure by the Company or any of its Restricted Subsidiaries to comply with the
provisions of Section 5.01 hereof;

(4) failure by the Company or any of its Restricted Subsidiaries 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 voting as a single class to comply with the provisions
of Sections 4.07, 4.09, 4.10 or 4.15 hereof;

(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 voting as a single class to comply with any of the
other agreements in this Supplemental Indenture;

(6) default under any mortgage, indenture or instrument under which there may be issued
or by which there may be secured or evidenced any Indebtedness for money borrowed (other
than Indebtedness owing to the Company or a Restricted Subsidiary) by the Company or any of
its Restricted Subsidiaries (or the payment of which is guaranteed 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) is caused by a failure to pay principal of, or interest or premium, if any,
on, such Indebtedness prior to the expiration of the grace period provided in such
Indebtedness on the date of such default (a “Payment Default”); or

(B) results in the acceleration of such Indebtedness prior to its express
maturity,

and, in each case, the principal amount of any such Indebtedness, together with the
principal amount of any other such Indebtedness under which there has been a Payment
Default or the maturity of which has been so accelerated, aggregates $25.0 million
or more and such Indebtedness has not been discharged or such acceleration has not
been rescinded or annulled, as applicable;

(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 $25.0
million (which are not covered by insurance or indemnity as to which the insurer or a
creditworthy indemnitor has not disclaimed coverage), which judgments are not paid,
discharged or stayed, for a period of 60 days after such judgments become final and
non-appealable;

(8) 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 pursuant to or within the meaning of Bankruptcy Law:

(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

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

(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;

	 	 	 
	Section 6.02
	 	and the order or decree remains unstayed and in effect for 60 consecutive days.

Acceleration.

In the case of an Event of Default specified in Clause (8) or (9) of Section 6.01 hereof, with
respect to the Company or 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
notice to the Trustee may, on behalf of all of the Holders of all the Notes, rescind an
acceleration and its consequences hereunder.

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 this Supplemental 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 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 this Supplemental Indenture; but no such
waiver shall extend to any subsequent or other Default or impair any right consequent thereon.

Section 6.05 Control by Majority.

Holders of a majority in aggregate 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 exercising any trust or power conferred on it. However, the Trustee may refuse to
follow any direction that conflicts with law or this Supplemental Indenture that the Trustee
determines may be unduly prejudicial to the rights of other Holders of Notes or that may involve
the Trustee in personal liability.

Section 6.06 Limitation on Suits.

No Holder of a Note may pursue any remedy with respect to this Supplemental Indenture or the
Notes unless:

(1) such Holder has previously given to 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
have requested to the Trustee to pursue the remedy;

(3) such Holders have offered the Trustee reasonable security or indemnity against any
loss, liability or expense;

(4) the Trustee has not complied with such request within 60 days after the receipt of
the request and the offer of security or indemnity; and

(5) Holders of a majority in aggregate principal amount of the then outstanding Notes
have not given the Trustee a direction inconsistent with such request within such 60-day
period.

A Holder of a Note may not use this Supplemental Indenture to prejudice the rights of another
Holder of a Note or to obtain a preference or priority over another Holder of a Note.

Section 6.07 Rights of Holders of Notes to Receive Payment.

Notwithstanding any other provision of this Supplemental Indenture, the right of any Holder of
a Note to receive payment of principal of, premium on, if any, or interest, if any, on, the Note,
on or after the respective due dates expressed in the Note (including in connection with an offer
to purchase), or to bring suit for the enforcement of any such payment on or after such respective
dates, shall not be impaired or affected without the consent of such Holder.

Section 6.08 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 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 compensation, reasonable expenses, disbursements and advances of the
Trustee, its agents and counsel.

Section 6.09 Trustee May File Proofs of Claim.

The Trustee is authorized to file such proofs of claim and other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including any claim for the
compensation, reasonable expenses, disbursements and advances of the Trustee, its agents and
counsel) and the Holders of the Notes allowed in any judicial proceedings relative to the Company
(or any other obligor upon the Notes), its creditors or its property and shall be entitled and
empowered to collect, receive and distribute any money or other property payable or deliverable on
any such claims and any custodian in any such judicial proceeding is hereby authorized by each
Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the
making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the
compensation, reasonable expenses, disbursements and advances of the Trustee, its agents and
counsel, and any other amounts due the Trustee under Section 7.07 hereof. To the extent that the
payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel, and any other amounts due the Trustee under Section 7.07 hereof out of the estate in
any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien
on, and shall be paid out of, any and all distributions, dividends, money, securities and other
properties that the Holders may be entitled to receive in such proceeding whether in liquidation or
under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be
deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any
Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or
the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder
in any such proceeding.

Section 6.10 Priorities.

If the Trustee collects any money or property pursuant to this Article 6, it shall pay out the
money in the following order:

First: to the Trustee, its agents and attorneys for amounts due under Section 7.07
hereof, including payment of all compensation, expenses and liabilities incurred, and all
advances made, by the Trustee and the costs and expenses of collection;

Second: to Holders of Notes for amounts due and unpaid on the Notes for principal,
premium, if any, and interest, if any, ratably, without preference or priority of any kind,
according to the amounts due and payable on the Notes for principal, premium, if any, and
interest, if any, respectively; and

Third: to the Company or to such party as a court of competent jurisdiction shall
direct.

The Trustee may fix a record date and payment date for any payment to Holders of Notes
pursuant to this Section 6.10.

Section 6.11 Undertaking for Costs.

In any suit for the enforcement of any right or remedy under this Supplemental Indenture or in
any suit against the Trustee for any action taken or omitted by it as a Trustee, a court in its
discretion may require the filing by any party litigant in the suit of an undertaking to pay the
costs of the suit, and the court in its discretion may assess reasonable costs, including
reasonable attorneys’ fees, against any party litigant in the suit, having due regard to the merits
and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not
apply to a suit by the Company, the Trustee, a suit by a Holder of a Note pursuant to Section 6.07
hereof, or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding
Notes.

ARTICLE 7

TRUSTEE

Section 7.01 Duties of Trustee.

(a) If an Event of Default occurs and is continuing, the Trustee will exercise such of the
rights and powers vested in it by this Supplemental Indenture, and use the same degree of care and
skill in its exercise, as a prudent person would exercise or use under the circumstances in the
conduct of such person’s own affairs.

(b) Except during the continuance of an Event of Default:

(1) the duties of the Trustee will be determined solely by the express provisions of
this Supplemental Indenture and the Trustee need perform only those duties that are
specifically set forth in this Supplemental Indenture and no others, and no implied
covenants or obligations shall be read into this Supplemental Indenture against the Trustee;
and

(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to
the truth of the statements and the correctness of the opinions expressed therein, upon
certificates or opinions furnished to the Trustee and conforming to the requirements of this
Supplemental Indenture. However, the Trustee will examine the certificates and opinions to
determine whether or not they conform to the requirements of this Supplemental Indenture.

(c) The Trustee may not be relieved from liabilities for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that:

(1) this paragraph does not limit the effect of paragraph (b) of this Section 7.01;

(2) the Trustee will not be liable for any error of judgment made in good faith by a
Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the
pertinent facts; and

(3) the Trustee will not be liable with respect to any action it takes or omits to take
in good faith in accordance with a direction received by it pursuant to Section 6.05 hereof.

(d) Whether or not therein expressly so provided, every provision of this Supplemental
Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b), and (c) of this
Section 7.01.

(e) No provision of this Supplemental Indenture will require the Trustee to expend or risk its
own funds or incur any liability. The Trustee will be under no obligation to exercise any of its
rights and powers under this Supplemental Indenture at the request of any Holders, unless such
Holder has offered to the Trustee security and indemnity satisfactory to it against any loss,
liability or expense.

(f) The Trustee will not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Company. Money held in trust by the Trustee need not be
segregated from other funds except to the extent required by law.

Section 7.02 Rights of Trustee.

(a) The Trustee may conclusively rely upon any document believed by it to be genuine and to
have been signed or presented by the proper Person. The Trustee need not investigate any fact or
matter stated in the document.

(b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate
or an Opinion of Counsel or both. The Trustee will not be liable for any action it takes or omits
to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel. The Trustee
may consult with counsel and the advice of such counsel or any Opinion of Counsel will be full and
complete authorization and protection from liability in respect of any action taken, suffered or
omitted by it hereunder in good faith and in reliance thereon.

(c) The Trustee may act through its attorneys and agents and will not be responsible for the
misconduct or negligence of any agent appointed with due care.

(d) The Trustee will not be liable for any action it takes or omits to take in good faith that
it believes to be authorized or within the rights or powers conferred upon it by this Supplemental
Indenture.

(e) Unless otherwise specifically provided in this Supplemental Indenture, any demand,
request, direction or notice from the Company will be sufficient if signed by an Officer of the
Company.

(f) The Trustee will be under no obligation to exercise any of the rights or powers vested in
it by this Supplemental Indenture at the request or direction of any of the Holders unless such
Holders have offered to the Trustee reasonable indemnity or security satisfactory to it against the
losses, liabilities and expenses that might be incurred by it in compliance with such request or
direction.

(g) The Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document,
but the Trustee, in its discretion, may make such further inquiry or investigation into such facts
or matters as it may see fit.

(h) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a
Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any
event which is in fact such a default is received by the Trustee at the Corporate Trust Office of
the Trustee, and such notice references the Notes and this Supplemental Indenture.

(i) The rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its rights to be indemnified, are extended to, and shall be
enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and
other Person employed to act hereunder.

(j) In no event shall the Trustee be liable to any Person for special, punitive, indirect,
consequential or incidental loss or damage of any kind whatsoever (including, but not limited to,
lost profits), even if the Trustee has been advised of the likelihood of such loss or damage.

(k) The permissive right of the Trustee to take any action under this Supplemental Indenture
shall not be construed as a duty to so act. For the avoidance of doubt, the preceding sentence
shall not apply to language in this Supplemental Indenture stating that the Trustee “will” or
“shall” take an action hereunder.

Section 7.03 Individual Rights of Trustee.

The Trustee in its individual or any other capacity may become the owner or pledgee of Notes
and may otherwise deal with the Company or any Affiliate of the Company with the same rights it
would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting
interest it must eliminate such conflict within 90 days, apply to the SEC for permission to
continue as trustee (if this Supplemental Indenture has been qualified under the TIA) or resign.
Any Agent may do the same with like rights and duties. The Trustee is also subject to Sections
7.10 and 7.11 hereof.

Section 7.04 Trustee’s Disclaimer.

The Trustee will not be responsible for and makes no representation as to the validity or
adequacy of this Supplemental Indenture or the Notes, it shall not be accountable for the Company’s
use of the proceeds from the Notes or any money paid to the Company or upon the Company’s direction
under any provision of this Supplemental Indenture, it will not be responsible for the use or
application of any money received by any Paying Agent other than the Trustee, and it will not be
responsible for any statement or recital herein or any statement in the Notes or any other document
in connection with the sale of the Notes or pursuant to this Supplemental Indenture other than its
certificate of authentication.

Section 7.05 Notice of Defaults.

If a Default or Event of Default occurs and is continuing and if it is known to the Trustee,
the Trustee will mail to Holders of Notes a notice of the Default or Event of Default within 90
days after it is known to the Trustee. Except in the case of a Default or Event of Default in
payment of principal of, premium on, if any, or interest, if any, on, any Note, the Trustee may
withhold the notice if and so long as a committee of its Responsible Officers in good faith
determines that withholding the notice is in the interests of the Holders of the Notes.

Section 7.06 Reports by Trustee to Holders of the Notes.

(a) Within 60 days after each May 15 beginning with the May 15 following the date of this
Supplemental Indenture, and for so long as Notes remain outstanding, the Trustee will mail to the
Holders of the Notes a brief report dated as of such reporting date that complies with TIA §313(a)
(but if no event described in TIA §313(a) has occurred within the twelve months preceding the
reporting date, no report need be transmitted). The Trustee also will comply with TIA §313(b)(2).
The Trustee will also transmit by mail all reports as required by TIA §313(c).

(b) A copy of each report at the time of its mailing to the Holders of Notes will be mailed by
the Trustee to the Company and filed by the Trustee with the SEC and each stock exchange on which
the Notes are listed in accordance with TIA §313(d). The Company will promptly notify the Trustee
in writing when the Notes are listed on any stock exchange.

Section 7.07 Compensation and Indemnity.

(a) The Company will pay to the Trustee from time to time compensation for its acceptance of
this Supplemental Indenture and services hereunder. The Trustee’s compensation will not be limited
by any law on compensation of a trustee of an express trust. The Company will reimburse the
Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or
made by it in addition to the compensation for its services. Such expenses will include the
compensation, reasonable disbursements and expenses of the Trustee’s agents and counsel.

(b) The Company will indemnify the Trustee against any and all losses, liabilities or expenses
incurred by it arising out of or in connection with the acceptance or administration of its duties
under this Supplemental Indenture, including the costs and expenses of enforcing this Supplemental
Indenture against the Company (including this Section 7.07) and defending itself against any claim
(whether asserted by the Company, any Holder or any other Person) or liability in connection with
the exercise or performance of any of its powers or duties hereunder, except to the extent any such
loss, liability or expense may be attributable to its negligence or bad faith. The Trustee will
notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee
to so notify the Company will not relieve the Company of its obligations hereunder. The Company
will defend the claim and the Trustee will cooperate in the defense. The Trustee may have one
separate counsel and the Company will pay the reasonable fees and expenses of such counsel. The
Company need not pay for any settlement made without its consent, which consent will not be
unreasonably withheld. This indemnification shall apply to officers, directors, employees,
shareholders and agents of the Trustee.

(c) The obligations of the Company under this Section 7.07 will survive the satisfaction and
discharge of this Supplemental Indenture.

(d) To secure the Company’s payment obligations in this Section 7.07, the Trustee will have a
Lien prior to the Notes on all money or property held or collected by the Trustee, except that held
in trust to pay principal of, premium on, if any, or interest, if any, on, particular Notes. Such
Lien will survive the satisfaction and discharge of this Supplemental Indenture.

(e) When the Trustee incurs expenses or renders services after an Event of Default specified
in Section 6.01(8) or (9) hereof occurs, the expenses and the compensation for the services
(including the fees and expenses of its agents and counsel) are intended to constitute expenses of
administration under any Bankruptcy Law.

(f) The Trustee will comply with the provisions of TIA §313(b)(2) to the extent applicable.

Section 7.08 Replacement of Trustee.

(a) A resignation or removal of the Trustee and appointment of a successor Trustee will become
effective only upon the successor Trustee’s acceptance of appointment as provided in this Section
7.08.

(b) The Trustee may resign in writing at any time and be discharged from the trust hereby
created by so notifying the Company at least 30 days prior to the date of such proposed
resignation. The Holders of a majority in aggregate principal amount of the then outstanding Notes
may remove the Trustee by so notifying the Trustee and the Company in writing. The Company may
remove the Trustee if:

(1) the Trustee fails to comply with Section 7.10 hereof;

(2) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is
entered with respect to the Trustee under any Bankruptcy Law;

(3) a custodian or public officer takes charge of the Trustee or its property; or

(4) the Trustee becomes incapable of acting.

(c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for
any reason, the Company will promptly appoint a successor Trustee. Within one year after the
successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then
outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the
Company.

(d) If a successor Trustee does not take office within 60 days after the retiring Trustee
resigns or is removed, the retiring Trustee, the Company, or the Holders of at least 25% in
aggregate principal amount of the then outstanding Notes may petition any court of competent
jurisdiction for the appointment of a successor Trustee.

(e) If the Trustee, after written request by any Holder who has been a Holder for at least six
months, fails to comply with Section 7.10 hereof, such Holder may petition any court of competent
jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

(f) A successor Trustee will deliver a written acceptance of its appointment to the retiring
Trustee and to the Company. Thereupon, the resignation or removal of the retiring Trustee will
become effective, and the successor Trustee will have all the rights, powers and duties of the
Trustee under this Supplemental Indenture. The successor Trustee will mail a notice of its
succession to Holders. The retiring Trustee will promptly transfer all property held by it as
Trustee to the successor Trustee; provided all sums owing to the Trustee hereunder have been paid
and subject to the Lien provided for in Section 7.07 hereof. Notwithstanding replacement of the
Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 hereof will
continue for the benefit of the retiring Trustee.

Section 7.09 Successor Trustee by Merger, etc.

If the Trustee consolidates, merges or converts into, or transfers all or substantially all of
its corporate trust business to, another corporation, the successor corporation without any further
act will be the successor Trustee.

Section 7.10 Eligibility; Disqualification.

There will at all times be a Trustee hereunder that is a corporation organized and doing
business under the laws of the United States of America or of any state thereof that is authorized
under such laws to exercise corporate trustee power, that is subject to supervision or examination
by federal or state authorities and that has a combined capital and surplus of at least $25.0
million as set forth in its most recent published annual report of condition.

This Supplemental Indenture shall always have a Trustee who satisfies the requirements of TIA
§310(a)(1), (2) and (5). The Trustee is subject to TIA §310(b).

Section 7.11 Preferential Collection of Claims Against Company.

The Trustee is subject to TIA §311(a), excluding any creditor relationship listed in TIA
§311(b). A Trustee who has resigned or been removed shall be subject to TIA §311(a) to the extent
indicated therein.

ARTICLE 8

LEGAL DEFEASANCE AND COVENANT DEFEASANCE

Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance.

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 8.02 or 8.03 hereof be applied
to all outstanding Notes upon compliance with the conditions set forth below in this Article 8.

Section 8.02 Legal Defeasance and Discharge.

Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section
8.02, the Company will, subject to the satisfaction of the conditions set forth in Section 8.04
hereof, be deemed to have been discharged from its obligations with respect to all outstanding
Notes on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”).
For this purpose, Legal Defeasance means that the Company will be deemed to have paid and
discharged the entire Indebtedness represented by the outstanding Notes, which will thereafter be
deemed to be “outstanding” only for the purposes of Section 8.05 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 and this Supplemental 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, or interest or premium, if any, on, such Notes when such payments are due from
the trust referred to in Section 8.04 hereof;

(2) the Company’s obligations with respect to such Notes under Article 2 and Section
4.02 hereof;

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

(4) this Article 8.

Subject to compliance with this Article 8, the Company may exercise its option under this
Section 8.02 notwithstanding the prior exercise of its option under Section 8.03 hereof.

Section 8.03 Covenant Defeasance.

Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section
8.03, the Company will, subject to the satisfaction of the conditions set forth in Section 8.04
hereof, be released from each of its obligations under the covenants contained in Sections 4.07,
4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.15, 4.16, 4.17, 4.18 and 4.19 hereof and Clause (4) of
Section 5.01 hereof with respect to the outstanding Notes on and after the date the conditions set
forth in Section 8.04 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, the Company 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
this Supplemental Indenture and such Notes will be unaffected thereby. In addition, upon the
Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03, subject
to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(3), (4), (5),
(6) and (7) and (10) hereof will not constitute Events of Default.

Section 8.04 Conditions to Legal or Covenant Defeasance.

In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 8.02
or 8.03 hereof:

(1) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of
the Holders of the Notes, cash in U.S. dollars, non-callable Government Securities, or a
combination of cash in U.S. dollars and non-callable Government Securities, in 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, or interest and
premium, 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 an election under Section 8.02 hereof, 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,

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 an election under Section 8.03 hereof, 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 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 has 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 the deposit will not result in a breach or violation of, or
constitute a default under, any other instrument to which the Company is a party or by which
the Company is bound;

(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 this Supplemental Indenture) to which the Company or any of its Subsidiaries is a party
or by which the Company or any of its Subsidiaries is bound;

(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 8.05 Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous
Provisions.

Subject to Section 8.06 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 8.05, the “Trustee”) pursuant to Section 8.04 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 this Supplemental 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 deposited pursuant to Section
8.04 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 8 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 8.04 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 8.04(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.

Section 8.06 Repayment to Company.

Subject to any applicable abandoned property laws, any money deposited with the Trustee or any
Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium
on, if any, or interest, if any, on, any Note and remaining unclaimed for two years after such
principal, premium, if any, or interest, if any, has become due and payable shall be paid to the
Company on its request or (if then held by the Company) will be discharged from such trust; and the
Holder of such Note will thereafter be permitted to look only to the Company for payment thereof,
and all liability of the Trustee or such Paying Agent with respect to such trust money, and all
liability of the Company as trustee thereof, will thereupon cease; provided, however, that the
Trustee or such Paying Agent, before being required to make any such repayment, may at the expense
of the Company cause to be published once, in the New York Times and The Wall Street Journal
(national edition), notice that such money remains unclaimed and that, after a date specified
therein, which will not be less than 30 days from the date of such notification or publication, any
unclaimed balance of such money then remaining will be repaid to the Company.

Section 8.07 Reinstatement.

If the Trustee or Paying Agent is unable to apply any U.S. dollars or non-callable Government
Securities in accordance with Section 8.02 or 8.03 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 obligations under this Supplemental Indenture and
the Notes will be revived and reinstated as though no deposit had occurred pursuant to Section 8.02
or 8.03 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money
in accordance with Section 8.02 or 8.03 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 9

AMENDMENT, SUPPLEMENT AND WAIVER

Section 9.01 Without Consent of Holders of Notes.

Notwithstanding Section 9.02 of this Supplemental Indenture, without the consent of any Holder
of Notes, the Company and the Trustee may amend or supplement this Supplemental Indenture or the
Notes:

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

(2) to provide for uncertificated Notes in addition to or in place of certificated
Notes;

(3) to provide for the assumption of the Company’s obligations to Holders of Notes and
any Note Guarantees in the case of a merger or consolidation or sale of all or substantially
all of the Company’s assets;

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

(5) to comply with requirements of the SEC in order to effect or maintain the
qualification of this Supplemental Indenture under the TIA;

(6) to conform the text of this Supplemental Indenture or the Notes to any provision of
the “Description of Notes” section of the Company’s Prospectus Supplement dated August 5,
2010, relating to the initial offering of the Notes, to the extent that such provision in
that “Description of Notes” was intended to be a verbatim recitation of a provision of this
Supplemental Indenture or the Notes, which intent shall be evidenced by an Officers’
Certificate to that effect;

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

(8) to allow any Subsidiary to execute a supplement to the Supplemental Indenture
and/or any Note Guarantee with respect to the Notes and to release any Subsidiary from its
guarantee in accordance with the terms of this Supplemental Indenture.

Upon the request of the Company accompanied by a resolution of its Board of Directors
authorizing the execution of any such amended or supplemental indenture, and upon receipt by the
Trustee of the documents described in Section 7.02 hereof, the Trustee will join with the Company
in the execution of any amended or supplemental indenture authorized or permitted by the terms of
this Supplemental Indenture, but the Trustee will not be obligated to enter into such amended or
supplemental indenture that affects its own rights, duties or immunities under this Supplemental
Indenture or otherwise.

Section 9.02 With Consent of Holders of Notes.

Except as provided below in this Section 9.02, the Company and the Trustee may amend or
supplement this Supplemental Indenture (including, without limitation, Section 3.09, 4.10 and 4.15
hereof) and the Notes with the consent of the Holders of at least 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
tender offer or exchange offer for, or purchase of, the Notes), and, subject to Sections 6.04 and
6.07 hereof, 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 this Supplemental Indenture or the Notes or any Note Guarantee 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 tender offer or exchange offer for, or
purchase of, the Notes). Section 2.08 hereof shall determine which Notes are considered to be
“outstanding” for purposes of this Section 9.02.

Upon the request of the Company accompanied by a resolution of its Board of Directors
authorizing the execution of any such amended or supplemental indenture, and upon the filing with
the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Notes as
aforesaid, and upon receipt by the Trustee of the documents described in Section 7.02 hereof, the
Trustee will join with the Company in the execution of such amended or supplemental indenture
unless such amended or supplemental indenture directly affects the Trustee’s own rights, duties or
immunities under this Supplemental Indenture or otherwise, in which case the Trustee may in its
discretion, but will not be obligated to, enter into such amended or supplemental Indenture.

It is not necessary for the consent of the Holders of Notes under this Section 9.02 to approve
the particular form of any proposed amendment, supplement or waiver, but it is sufficient if such
consent approves the substance thereof.

After an amendment, supplement or waiver under this Section 9.02 becomes effective, the
Company will mail to the Holders of Notes affected thereby a notice briefly describing the
amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect
therein, will not, however, in any way impair or affect the validity of any such amended or
supplemental indenture or waiver. Subject to Sections 6.04 and 6.07 hereof, the Holders of a
majority in aggregate principal amount of the Notes then outstanding voting as a single class may
waive compliance in a particular instance by the Company with any provision of this Supplemental
Indenture or the Notes. However, without the consent of each Holder affected, an amendment,
supplement or waiver under this Section 9.02 may not (with respect to any Notes held by a
non-consenting Holder):

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

(2) 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 (except as provided above
with respect to Sections 3.09, 4.10 and 4.15 hereof);

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

(4) waive a Default or Event of Default in the payment of principal of, or interest or
premium, 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);

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

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

(7) waive a redemption payment with respect to any Note (other than a payment required
by Sections 3.09, 4.10 or 4.15 hereof); or

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

Section 9.03 Compliance with Trust Indenture Act.

Every amendment or supplement to this Supplemental Indenture or the Notes will be set forth in
a amended or supplemental indenture that complies with the TIA as then in effect.

Section 9.04 Revocation and Effect of Consents.

Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a
Note is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or
portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of
the consent is not made on any Note. However, any such Holder of a Note or subsequent Holder of a
Note may revoke the consent as to its Note if the Trustee receives written notice of revocation
before the date the amendment, supplement or waiver becomes effective. An amendment, supplement or
waiver becomes effective in accordance with its terms and thereafter binds every Holder.

Section 9.05 Notation on or Exchange of Notes.

The Trustee or the Company may place an appropriate notation about an amendment, supplement or
waiver on any Note thereafter authenticated. The Company in exchange for all Notes may issue and
the Trustee shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the
amendment, supplement or waiver.

Failure to make the appropriate notation or issue a new Note will not affect the validity and
effect of such amendment, supplement or waiver.

Section 9.06 Trustee to Sign Amendments, etc.

The Trustee will sign any amended or supplemental indenture authorized pursuant to this
Article 9 if the amendment or supplement does not adversely affect the rights, duties, liabilities
or immunities of the Trustee. The Company may not sign an amended or supplemental indenture until
the Board of Directors of the Company approves it. In executing any amended or supplemental
indenture, the Trustee will be entitled to receive and (subject to Section 7.01 hereof) will be
fully protected in relying upon, in addition to the documents required by Section 12.04 hereof, an
Officers’ Certificate and an Opinion of Counsel stating that the execution of such amended or
supplemental indenture is authorized or permitted by this Supplemental Indenture.

ARTICLE 10

FUTURE SUBSIDIARY GUARANTEES

Section 10.01. Future Subsidiary Guarantees.

(a) In the event that any Subsidiary of the Company other than a Foreign Subsidiary or an
Unrestricted Subsidiary (any such Subsidiary, a “Subsidiary Guarantor”) guarantees or becomes a
co-obligor with respect to any Indebtedness of the Company or another Subsidiary Guarantor for
borrowed money other than Indebtedness under the Credit Facilities, pursuant to a supplement to
this Supplemental Indenture, such Subsidiary Guarantor shall unconditionally guarantee 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 this Supplemental 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, such Subsidiary Guarantors will be jointly and severally obligated to pay the same
immediately. Each Subsidiary Guarantor will agree that such future guarantee will be a guarantee
of payment and not a guarantee of collection. The form of such supplement to this Supplemental
Indenture and the related Note Guarantee are each attached hereto as Exhibit C and Exhibit B,
respectively.

(b) The Subsidiary Guarantors will agree that their obligations hereunder will be
unconditional, irrespective of the validity, regularity or enforceability of the Notes or this
Supplemental 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 Subsidiary Guarantor
will waive 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 will covenant that the future Note
Guarantee will not be discharged except by complete performance of the obligations contained in the
Notes and this Supplemental Indenture.

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

(d) Each Subsidiary Guarantor will agree that it will not be entitled to any right of
subrogation in relation to the Holders in respect of any obligations guaranteed until payment in
full of all obligations guaranteed pursuant to a supplement to this Supplemental Indenture. Each
Subsidiary Guarantor will further agree that, as between any Subsidiary Guarantors, on the one
hand, and the Holders and the Trustee, on the other hand, (1) the maturity of the obligations
guaranteed pursuant to a supplement to this Supplemental Indenture may be accelerated as provided
in Article 6 hereof for the purposes of such future Note Guarantee, notwithstanding any stay,
injunction or other prohibition preventing such acceleration in respect of the obligations
guaranteed pursuant to a supplement to this Supplemental Indenture, 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 Subsidiary Guarantors
for the purpose of the future Note Guarantee. The Subsidiary Guarantors will have the right to
seek contribution from any non-paying Subsidiary Guarantor so long as the exercise of such right
does not impair the rights of the Holders under the future Note Guarantee.

Section 10.02. Limitation on Guarantor Liability.

Each Subsidiary Guarantor will, and by its acceptance of Notes, each Holder does, hereby
confirm that it is the intention of all such parties that any future guarantee of the Notes by any
such Subsidiary 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 future Note Guarantee. To effectuate
the foregoing intention, the Trustee and the Holders hereby irrevocably agree, and any future
Subsidiary Guarantor who becomes a Subsidiary Guarantor pursuant to Section 10.01 hereof shall
agree, that the obligations of any such future Subsidiary 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 Subsidiary 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 Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor
under this Article 10, result in the obligations of such future Subsidiary Guarantor under its Note
Guarantee not constituting a fraudulent transfer or conveyance.

Section 10.03. Execution and Delivery of Note Guarantee.

To evidence any future Note Guarantee set forth in Section 10.01 hereof, each future
Subsidiary Guarantor shall agree that a notation of such Note Guarantee substantially in the form
attached as Exhibit B hereto will be endorsed by an Officer of such Subsidiary Guarantor in
connection with the delivery of a supplement to this Supplemental Indenture.

Each future Subsidiary Guarantor shall agree that its Note Guarantee set forth in Section
10.01 hereof will remain in full force and effect notwithstanding any failure to endorse a notation
of such Note Guarantee.

Section 10.04. Guarantors May Consolidate, etc., on Certain Terms.

Except as otherwise provided in Section 10.05 hereof, no future Subsidiary 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 Subsidiary Guarantor is the surviving Person) another Person,
other than the Company or another Subsidiary Guarantor, unless:

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

(2) either:

(a) subject to Section 10.05 hereof, 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 Subsidiary Guarantor under its Note
Guarantee and this Supplemental Indenture on the terms set forth herein or therein, pursuant
to a supplement to this Supplemental Indenture; or

(b) the Net Proceeds of such sale or other disposition are applied in accordance with
the applicable provisions of this Supplemental Indenture, including without limitation,
Section 4.10 hereof.

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 Note Guarantee and the due and punctual performance of all of the
covenants and conditions of this Supplemental Indenture to be performed by the Subsidiary
Guarantor, such successor Person will succeed to and be substituted for the Subsidiary Guarantor
with the same effect as if it had been named as a Subsidiary Guarantor. Such successor Person
thereupon may cause to be signed any or all of the Note Guarantees to be endorsed upon all of the
Notes issuable hereunder which theretofore shall not have been signed by the Company and delivered
to the Trustee. All the Note Guarantees so issued will in all respects have the same legal rank
and benefit under this Supplemental Indenture as the Note Guarantees theretofore and thereafter
issued in accordance with the terms of this Supplemental 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 this Supplemental Indenture or in any of the Notes will prevent any
consolidation or merger of a Subsidiary Guarantor with or into the Company or another Subsidiary
Guarantor, or will prevent any sale or conveyance of the property of a Subsidiary Guarantor as an
entirety or substantially as an entirety to the Company or another Subsidiary Guarantor.

Section 10.05. Releases.

The obligations of a future Subsidiary Guarantor under its Note Guarantee will be released and
relieved:

(a) In connection with any consolidation or merger if the Subsidiary Guarantor or surviving
Person will cease to be a Subsidiary of the Company;

(b) In connection with any sale or other disposition of all or substantially all of the assets
of that Subsidiary Guarantor (including by way of merger or consolidation) to a Person that is not
(either immediately before or immediately after giving effect to such transaction) the Company or a
Restricted Subsidiary, if the sale or other disposition complies with the provisions of Section
4.10 hereof;

(c) Upon designation of the Subsidiary Guarantor as an Unrestricted Subsidiary in accordance
with the provisions of this Supplemental Indenture;

(d) In connection with any (direct or indirect) sale of Capital Stock or other transaction
that results in the Subsidiary Guarantor ceasing to be a Subsidiary of the Company, if the sale or
other transaction complies with the provisions of Section 4.10 hereof;

(e) Upon the release of the Subsidiary Guarantor from its liability in respect of the
Indebtedness of the Company or another Subsidiary Guarantor that required the Subsidiary to
initially guarantee the Notes;

(f) Upon Legal Defeasance of the Notes or satisfaction and discharge of this Supplemental
Indenture as provided in Article 8 and Article 11 hereof; or

(g) With the consent of Holders of a majority in aggregate principal amount of Notes then
outstanding in accordance with the provisions of Article 9 hereof.

Any future Subsidiary Guarantor not released from its obligations under its Note Guarantee as
provided in this Section 10.05 will remain liable for the full amount of principal of, premium on,
if any, and interest, if any, on, the Notes and for the other obligations of any Subsidiary
Guarantor under this Supplemental Indenture as provided in this Article 10.

ARTICLE 11

SATISFACTION AND DISCHARGE

Section 11.01 Satisfaction and Discharge.

This Supplemental Indenture will be discharged 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 or called for redemption within one year and the Company 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, non-callable Government
Securities, or a combination of cash in U.S. dollars and non-callable Government Securities,
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, premium, if any, and accrued interest to the date of maturity or
redemption;

(2) 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 the deposit will not result in a breach or violation of, or
constitute a default under, any other instrument to which the Company is a party or by which
the Company is bound;

(3) the Company has paid or caused to be paid all sums payable by it under this
Supplemental Indenture; and

(4) the Company has delivered irrevocable instructions to the Trustee under this
Supplemental 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 this Supplemental Indenture, if money has
been deposited with the Trustee pursuant to Subclause (b) of Clause (1) of this Section 11.01, the
provisions of Sections 11.02 and 8.06 hereof will survive. In addition, nothing in this Section
11.01 will be deemed to discharge those provisions of Section 7.07 hereof, that, by their terms,
survive the satisfaction and discharge of this Supplemental Indenture.

Section 11.02 Application of Trust Money.

Subject to the provisions of Section 8.06 hereof, all money deposited with the Trustee
pursuant to Section 11.01 hereof shall be held in trust and applied by it, in accordance with the
provisions of the Notes and this Supplemental 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 11.01 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 obligations under this Supplemental Indenture and the Notes shall
be revived and reinstated as though no deposit had occurred pursuant to Section 11.01 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.

ARTICLE 12

MISCELLANEOUS

Section 12.01 Trust Indenture Act Controls.

If any provision of this Supplemental Indenture limits, qualifies or conflicts with the duties
imposed by TIA §318(c), the imposed duties will control.

Section 12.02 Notices.

Any notice or communication by the Company, any future Subsidiary Guarantor or the Trustee to
the others is duly given if in writing and delivered in Person or by first class mail (registered
or certified, return receipt requested), facsimile transmission or overnight air courier
guaranteeing next day delivery, to the others’ address:

If to the Company and/or any future Subsidiary Guarantor:

Ferro Corporation

1000 Lakeside Avenue

Cleveland, Ohio 44114

Facsimile No.: (216) 875-7237

Attention: Treasurer

With a copy to:

Jones Day

901 Lakeside Avenue

Facsimile No.: (216) 579-0212

Attention: Michael J. Solecki

If to the Trustee:

Wilmington Trust FSB

Corporate Capital Markets

50 South Sixth Street, Suite 1290

Minneapolis, MN 55402-1544

Facsimile No.: (612) 217-5651

Attention: Ferro Corporation Administrator

The Company, any future Subsidiary Guarantor or the Trustee, by notice to the others, may
designate additional or different addresses for subsequent notices or communications.

All notices and communications (other than those sent to Holders) will be deemed to have been
duly given: at the time delivered by hand, if personally delivered; five Business Days after being
deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by
facsimile; and the next Business Day after timely delivery to the courier, if sent by overnight air
courier guaranteeing next day delivery.

Any notice or communication to a Holder will be mailed by first class mail, certified or
registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to
its address shown on the register kept by the Registrar. Any notice or communication will also be
so mailed to any Person described in TIA §313(c), to the extent required by the TIA. Failure to
mail a notice or communication to a Holder or any defect in it will not affect its sufficiency with
respect to other Holders.

If a notice or communication is mailed in the manner provided above within the time
prescribed, it is duly given, whether or not the addressee receives it.

If the Company mails a notice or communication to Holders, it will mail a copy to the Trustee
and each Agent at the same time.

Section 12.03 Communication by Holders of Notes with Other Holders of Notes.

Holders may communicate pursuant to TIA §312(b) with other Holders with respect to their
rights under this Supplemental Indenture or the Notes. The Company, the Trustee, the Registrar and
anyone else shall have the protection of TIA §312(c).

Section 12.04 Certificate and Opinion as to Conditions Precedent.

Upon any request or application by the Company to the Trustee to take any action under this
Supplemental Indenture, the Company shall furnish to the Trustee:

(1) an Officers’ Certificate in form and substance reasonably satisfactory to the
Trustee (which must include the statements set forth in Section 12.05 hereof) stating that,
in the opinion of the signers, all conditions precedent and covenants, if any, provided for
in this Supplemental Indenture relating to the proposed action have been satisfied; and

(2) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee
(which must include the statements set forth in Section 12.05 hereof) stating that, in the
opinion of such counsel, all such conditions precedent and covenants have been satisfied.

Section 12.05 Statements Required in Certificate or Opinion.

Each certificate or opinion with respect to compliance with a condition or covenant provided
for in this Supplemental Indenture (other than a certificate provided pursuant to TIA §314(a)(4))
must comply with the provisions of TIA §314(e) and must include:

(1) a statement that the Person making such certificate or opinion has read such
covenant or condition;

(2) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based;

(3) a statement that, in the opinion of such Person, he or she has made such
examination or investigation as is necessary to enable him or her to express an informed
opinion as to whether or not such covenant or condition has been satisfied; and

(4) a statement as to whether or not, in the opinion of such Person, such condition or
covenant has been satisfied.

Section 12.06 Rules by Trustee and Agents.

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar
or Paying Agent may make reasonable rules and set reasonable requirements for its functions.

Section 12.07 No Personal Liability of Directors, Officers, Employees and Shareholders.

No director, officer, employee, incorporator or shareholder of the Company, as such, will have
any liability for any obligations of the Company under the Notes, this Supplemental Indenture 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. The waiver may not be effective to waive
liabilities under the federal securities laws.

Section 12.08 Governing Law.

THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS
SUPPLEMENTAL INDENTURE, THE NOTES AND ANY NOTE GUARANTEES WITHOUT GIVING EFFECT TO APPLICABLE
PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY.

Section 12.09 No Adverse Interpretation of Other Agreements.

This Supplemental Indenture may not be used to interpret any other indenture, loan or debt
agreement of the Company or its Subsidiaries or of any other Person. Any such indenture, loan or
debt agreement may not be used to interpret this Supplemental Indenture.

Section 12.10 Successors.

All agreements of the Company in this Supplemental Indenture and the Notes will bind its
successors. All agreements of the Trustee in this Supplemental Indenture will bind its successors.
All agreements of each future Subsidiary Guarantor in any supplement to this Supplemental
Indenture will bind its successors, except as otherwise provided in Section 10.05 hereof.

Section 12.11 Severability.

In case any provision in this Supplemental Indenture or in the Notes is invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions will not in
any way be affected or impaired thereby.

Section 12.12 Counterpart Originals.

The parties may sign any number of copies of this Supplemental Indenture. Each signed copy
will be an original, but all of them together represent the same agreement.

Section 12.13 Table of Contents, Headings, etc.

The Table of Contents, Cross-Reference Table and Headings of the Articles and Sections of this
Supplemental Indenture have been inserted for convenience of reference only, are not to be
considered a part of this Supplemental Indenture and will in no way modify or restrict any of the
terms or provisions hereof.

[Signatures on following page]

SIGNATURES

Dated as of August 24, 2010

Ferro Corporation

	 	 	 	By:

Name:

Title:

	 	 	 	Wilmington Trust FSB, as Trustee

	 	 	 	By:

Name:

Title:

[Face of Note]

CUSIP 315405 AM2

ISIN US315405AM23

7.875% Senior Notes due 2018

No.    $     

FERRO CORPORATION

promises to pay to                or registered assigns,

the principal sum of        DOLLARS on August
15, 2018.

Interest Payment Dates: February 15 and August 15

Record Dates: February 1 and August 1

Dated:       , 20      

FERRO CORPORATION

By:

Name:

Title:

This is one of the Notes referred to

in the within-mentioned Supplemental Indenture:

WILMINGTON TRUST FSB,

as Trustee

By:

Authorized Signatory

Dated:       , 20      

1

[Back of Note]

7.875% Senior Notes due 2018

[Insert the Global Note Legend, if applicable pursuant to the provisions of the Supplemental
Indenture]

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

(1) Interest. Ferro Corporation, an Ohio corporation (the
“Company”), promises to pay or cause to be paid interest on the principal amount of this
Note at 7.875% per annum from       ,        until maturity. The Company will pay
interest, if any, semi-annually in arrears on February 15 and August 15 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 a rate that is 1% higher
than the then 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
the close of business on the February 1 and August 1 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 Supplemental Indenture with respect
to defaulted interest. The Notes will be payable as to principal, premium, if any, and
interest, if any, at the office or agency of the Paying Agent and Registrar, or, at the
option of the Company, payment of interest, if any, may be made by check mailed to the
Holders at their addresses set forth in the register of Holders; provided that payment by
wire transfer of immediately available funds will be required with respect to principal of,
premium on, if any, and interest, if any, on, all Global Notes and all other Notes the
Holders of which will have provided wire transfer instructions to the Company or the Paying
Agent. 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, Wilmington Trust FSB, the
Trustee under the Supplemental 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, and the Company or any of its Subsidiaries may act as Paying Agent or Registrar.

(4) Supplemental Indenture. The Company issued the Notes under the
First Supplemental Indenture, dated as of August 24, 2010 (the “Supplemental Indenture”)
between the Company and the Trustee, to the Indenture, dated as of August 24, 2010 (the
“Base Indenture”), between the Company and the Trustee. The terms of the Notes include
those stated in the Supplemental Indenture and those made part of the Supplemental Indenture
by reference to the TIA. The Notes are subject to all such terms, and Holders are referred
to the Supplemental 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 Supplemental Indenture,
the provisions of the Supplemental Indenture shall govern and be controlling. The Notes are
unsecured obligations of the Company. The Supplemental Indenture does not limit the
aggregate principal amount of Notes that may be issued thereunder.

(5) Optional Redemption.

(a) At any time prior to August 15, 2013, 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, upon not less than 30 nor more than 60 days’ notice, at a redemption price equal
to 107.875% of the principal amount of the Notes redeemed, plus accrued and unpaid interest,
if any, to 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 90 days of the date of the closing of such
Equity Offering.

(b) At any time prior to August 15, 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 the applicable date of
redemption, subject to the rights of Holders 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 August 15, 2014.

(d) On or after August 15, 2014, 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 the applicable date of
redemption, if redeemed during the twelve-month period beginning on August 15 of the years
indicated below, subject to the rights of Holders on the relevant record date to receive
interest on the relevant Interest Payment Date:

	 	 	 	 	 
	Year	 	Percentage
	2014.

	 	 	103.983	%
	2015.

	 	 	101.969	%
	2016 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.

(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.

(a) If a Change of Control occurs, the Company will make an offer (the “Change of
Control Offer”) to each Holder 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 at a purchase price 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 the date of purchase (the “Change of
Control Payment Date”), subject to the rights of Holders on the relevant record date to
receive interest due on the relevant interest payment date (the “Change of Control
Payment”). Within 30 days following any Change of Control, the Company will mail a notice to
each Holder 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 45 days and no later than 90 days from the date
such notice is mailed, pursuant to the procedures required by the Supplemental Indenture and
described in such notice.

(b) 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 $30.0 million, the Company will make an offer (an “Asset Sale Offer”) to
all Holders and, in the Company’s discretion, to all holders of other Indebtedness that is
pari passu with the Notes containing provisions similar to those set forth in the
Supplemental Indenture with respect to offers to purchase or redeem with the proceeds of
sales of assets in accordance with the Supplemental Indenture to purchase 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 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 the date of closing of such purchase, 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 Supplemental
Indenture. If the aggregate principal amount of Notes and other pari passu Indebtedness
tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee will
select the Notes and the trustee or agent for such other pari passu Indebtedness shall
select such other pari passu Indebtedness to be purchased on a pro rata basis with such
adjustments so that no Notes in an unauthorized denomination is redeemed in part. Upon
completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero.
Holders of Notes that are the subject of an offer to purchase will receive an Asset Sale
Offer from the Company prior to any related purchase date and may elect to have such Notes
purchased by completing the form entitled “Option of Holder to Elect Purchase” attached to
the Notes.

(8) Notice of Redemption. Pursuant to the terms of the Supplemental
Indenture, notices of redemption will be mailed by first class mail at least 30 but not more
than 60 days before the redemption date to each Holder 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 Supplemental Indenture pursuant to Articles 8 or 11
thereof. 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. A
Holder may transfer or exchange Notes in accordance with the provisions of the Supplemental
Indenture. The Registrar and the Trustee may require a Holder, among other things, to
furnish appropriate endorsements and transfer documents in connection with a transfer of
Notes. Holders will be required to pay all taxes due on transfer. The Company will not be
required to transfer or exchange any note selected for redemption. Also, the Company will
not be required to transfer or exchange any note 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
Supplemental Indenture.

(11) Amendment, Supplement and Waiver. Subject to certain
exceptions, the Supplemental Indenture or the Notes may be amended or supplemented with the
consent of the Holders of at least 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 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
Supplemental Indenture or the Notes or any 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. Without
the consent of any Holder, the Company and the Trustee may amend or supplement the
Supplemental Indenture or the Notes: to cure any ambiguity, defect or inconsistency; to
provide for uncertificated Notes in addition to or in place of certificated Notes; to
provide for the assumption of the Company’s or a Guarantor’s obligations to Holders of the
Notes and any Note Guarantees by a successor to the Company or such Guarantor pursuant to
the Supplemental Indenture; to make any change that would provide any additional rights or
benefits to the Holders or that does not adversely affect the legal rights under the
Supplemental Indenture of any such Holder; to comply with the requirements of the SEC in
order to effect or maintain the qualification of the Supplemental Indenture under the TIA;
to conform the text of the Supplemental Indenture or the Notes to any provision of the
“Description of Notes” section of the Prospectus Supplement, dated August 5, 2010, relating
to the initial offering of the Notes, to the extent that such provision in that “Description
of Notes” was intended to be a verbatim recitation of a provision of the Supplemental
Indenture or the Notes, which intent shall be evidenced by an Officers’ Certificate to that
effect; to provide for the issuance of Additional Notes in accordance with the limitations
set forth in the Supplemental Indenture; or to allow any Subsidiary to execute a supplement
to the Supplemental Indenture and/or a Note Guarantee with respect to the Notes; and to
release any Subsidiary from its guarantee in accordance with the terms of the Indenture.

(12) Events of Default and Remedies. Events of Default include: (i)
default for 30 days in the payment when due of interest, if any, on, the Notes; (ii) default
in the payment when due (at maturity, upon redemption or otherwise) of the principal of, or
premium, if any, on the Notes, (iii) failure by the Company or any of its Restricted
Subsidiaries to comply with the provisions of Section 5.01 of the Supplemental Indenture;
(iv) failure by the Company or any of its Restricted Subsidiaries 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 voting as a single class to comply with the provisions of
Sections 4.07, 4.09, 4.10 or 4.15 of the Supplemental Indenture; (v) 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
voting as a single class to comply with any of the other agreements in the Supplemental
Indenture; (vi) default under any mortgage, indenture or instrument under which there may be
issued or by which there may be secured or evidenced any Indebtedness for money borrowed
(other than Indebtedness owing to the Company or a Restricted Subsidiary) by the Company or
any of its Restricted Subsidiaries (or the payment of which is guaranteed by the Company or
any of its Restricted Subsidiaries), whether such Indebtedness or Guarantee now exists, or
is created after Supplemental Indenture, if that default (a) is caused by a failure to pay
principal of, or interest or premium, if any, on, such Indebtedness prior to the expiration
of the grace period provided in such Indebtedness on the date of such default; or (b)
results in the acceleration of such Indebtedness prior to its express maturity, and, in each
case, the principal amount of any such Indebtedness, together with the principal amount of
any other such Indebtedness under which there has been a Payment Default or the maturity of
which has been so accelerated, aggregates $25.0 million or more and such Indebtedness has
not been discharged or rescinded or annulled, as applicable; (vii) 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 $25.0 million (which are not covered by
insurance or indemnity as to which the insurer or a creditworthy indemnitor has not
disclaimed coverage), which judgments are not paid, discharged or stayed for a period of 60
days after such judgments become final and non-appealable; and (viii) certain events of
bankruptcy or insolvency described in the Supplemental Indenture with respect to the Company
or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of
Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary. In
the case of an Event of Default arising from certain events of bankruptcy or insolvency with
respect to the Company or 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. Holders
may not enforce the Supplemental Indenture or the Notes except as provided in the
Supplemental Indenture. Subject to certain limitations, Holders of a majority in aggregate
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 exercising
any trust or power conferred on it. The Trustee may withhold from Holders notice of any
continuing Default or Event of Default (except a Default or Event of Default relating to the
payment of principal, interest or premium, if any) if it determines that withholding notice
is in their interest. The Holders of a majority in aggregate principal amount of the then
outstanding Notes by notice to the Trustee may, on behalf of all the Holders, rescind an
acceleration or waive any existing Default or Event of Default and its consequences under
the Supplemental Indenture 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. The Company is
required to deliver to the Trustee annually a statement regarding compliance with the
Supplemental Indenture. Within 10 days of becoming aware of Default or Event of Default,
the Company is required to deliver to the Trustee a statement specifying such Default or
Event of Default, its status and what action the Company is taking or is proposing to take
with respect thereto.

(13) 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.

(14) 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 under the Notes or the Supplemental Indenture,
or for any claim based on, in respect of, or by reason of, such obligations or their
creation. Each Holder by accepting a Note waives and releases all such liability. The
waiver and release are part of the consideration for issuance of the Notes. The waiver may
not be effective to waive liabilities under the federal securities laws

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

(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 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).

(17) 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.

(18) GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL
GOVERN AND BE USED TO CONSTRUE THE SUPPLEMENTAL INDENTURE, THIS NOTE AND THE NOTE GUARANTEES
WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE
APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

The Company will furnish to any Holder upon written request and without charge a copy of the
Supplemental Indenture. Requests may be made to:

Ferro Corporation

1000 Lakeside Avenue

Cleveland, Ohio 44114

Attention: Secretary

2

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).

3

Option of Holder to Elect Purchase

If you want to elect to have this Note purchased by the Company pursuant to Section 4.10 or
4.15 of the Supplemental Indenture, check the appropriate box below:

ØSection 4.10 ØSection 4.15

If you want to elect to have only part of the Note purchased by the Company pursuant to
Section 4.10 or Section 4.15 of the Supplemental 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).

4

Schedule of Exchanges of Interests in the Global Note *

The following exchanges of a part of this Global Note for an interest in another Global
Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for
an interest in this Global Note, have been made:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Principal Amount	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	at maturity of this	 	 
	 	 	 	 	Amount of decrease	 	Amount of increase	 	Global Note	 	Signature of
	 	 	 	 	in Principal Amount	 	in Principal Amount	 	following such	 	authorized officer
	 	 	 	 	at maturity of	 	at maturity of	 	decrease	 	of Trustee or
	Date of Exchange	 	this Global Note	 	this Global Note	 	(or increase)	 	Custodian

	*	 	This schedule should be included only if the Note is issued in global form.

FORM OF NOTATION OF GUARANTEE

For value received, each Subsidiary Guarantor (which term includes any successor Person under
the Supplemental Indenture) has, jointly and severally, unconditionally guaranteed, to the extent
set forth in the Supplemental Indenture and subject to the provisions in the Supplemental Indenture
dated as of August 24, 2010 (the “Indenture”) among Ferro Corporation, (the “Company”) and
Wilmington Trust FSB, as trustee (the “Trustee”), (a) the due and punctual payment of the principal
of, premium on, if any, and interest, if any, on, the Notes, whether at maturity, by acceleration,
redemption or otherwise, the due and punctual payment of interest on overdue principal of, premium
on, if any, and interest, if any, on, the Notes, if any, if lawful, and the due and punctual
performance of all other obligations of the Company to the Holders or the Trustee all in accordance
with the terms of the Supplemental Indenture and (b) in case of any extension of time of payment or
renewal of any Notes or any of such other obligations, that the 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. The obligations of the Subsidiary Guarantors to the
Holders of Notes and to the Trustee pursuant to the Note Guarantee and the Indenture are expressly
set forth in Article 10 of the Indenture and reference is hereby made to the Indenture for the
precise terms of the Note Guarantee.

Capitalized terms used but not defined herein have the meanings given to them in the
Indenture.

[Name of Guarantor(s)]

By:

Name:

Title:

FORM OF SUPPLEMENTAL INDENTURE

TO BE DELIVERED BY SUBSEQUENT SUBSIDIARY GUARANTORS

Supplemental Indenture (this “Supplemental Indenture”), dated as of       ,
among        (the “Guaranteeing Subsidiary”), a subsidiary of Ferro Corporation (or its
permitted successor), an Ohio corporation (the “Company”), the Company and Wilmington Trust FSB, as
trustee under the Supplemental Indenture referred to below (the “Trustee”).

W I T N E S S E T H

WHEREAS, the Company has heretofore executed and delivered to the Trustee the First
Supplemental Indenture (the “Supplemental Indenture”), dated as of August 24, 2010, to the
Indenture, dated as of August 24, 2010, providing for the issuance of 7.875% Senior Notes due 2018
(the “Notes”);

WHEREAS, the Supplemental 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 9.01 of the 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 Note Guarantee
and in the Indenture including but not limited to Article 10 thereof.

4. No Recourse Against Others. No director, officer, employee, incorporator or
stockholder of the Company or any Subsidiary Guarantor, as such, will have any liability for any
obligations of the Company or the Subsidiary Guarantors under the Notes, this Supplemental
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.
The waiver may not be effective to waive liabilities under the federal securities laws.

5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED
TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS
OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED
THEREBY.

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.

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.

5

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:

FERRO CORPORATION

By:       

Name:

Title:

[EXISTING GUARANTORS]

By:       

Name:

Title:

WILMINGTON TRUST FSB,

as Trustee

By:       

Authorized Signatory

6

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