Document:

EX-4.2

 Exhibit 4.2 
 Execution Version 
 LEXMARK INTERNATIONAL, INC., as Company,

 and 
 Citibank, N.A., 
 as Securities Administrator 

and 

Wilmington Trust, National Association, 
 as Trustee 
 First Supplemental Indenture 

Dated as of March 4, 2013 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	PAGE	 
	 ARTICLE 1
	   

	 DEFINITIONS
	   

			
	 Section 1.01.
	 	Certain Terms Defined in the Indenture	  	 	3	  
	 Section 1.02.
	 	Definitions	  	 	3	  
	
	 ARTICLE 2
	   

	 FORM AND TERMS OF THE
NOTES
	   

			
	 Section 2.01.
	 	Form and Dating	  	 	6	  
	 Section 2.02.
	 	Terms of the Notes	  	 	8	  
	 Section 2.03.
	 	Optional Redemption	  	 	12	  
	 Section 2.04.
	 	Repurchase of Notes upon a Change of Control	  	 	13	  
	
	ARTICLE 3	  
	EVENTS OF DEFAULT	  
			
	 Section 3.01.
	 	Additional Event of Default	  	 	14	  
	
	 ARTICLE 4
	   

	 MISCELLANEOUS
	   

			
	 Section 4.01.
	 	Trust Indenture Act Controls	  	 	15	  
	 Section 4.02.
	 	New York Law to Govern	  	 	15	  
	 Section 4.03.
	 	Counterparts	  	 	15	  
	 Section 4.04.
	 	Severability	  	 	15	  
	 Section 4.05.
	 	Ratification	  	 	15	  
	 Section 4.06.
	 	Effectiveness	  	 	16	  
	 Section 4.07.
	 	Trustee and Securities Administrator Make No Representation	  	 	16	  
		
	 EXHIBIT A – Form of 5.125% Senior Note due 2020
	  	 	A-1	  

 FIRST SUPPLEMENTAL INDENTURE 

SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”), dated as of March 4, 2013, among Lexmark
International, Inc., a Delaware corporation (the “Company”), Citibank, N.A., as Securities Administrator (the “Securities Administrator”) and Wilmington Trust, National Association, as Trustee (the
“Trustee”). 
 RECITALS OF THE COMPANY 

WHEREAS, the Company and the Trustee executed and delivered an Indenture, dated as of March 4, 2013 (the
“Indenture”), to provide for the issuance by the Company from time to time of Securities to be issued in one or more series as provided in the Indenture; 
 WHEREAS, the issuance and sale of $400,000,000 aggregate Principal Amount of a new series of the Securities of the Company designated as its 5.125% Senior Notes due March 15, 2020 (the
“Notes”) have been authorized by resolutions adopted by a special committee of the Board of Directors of the Company; 
 WHEREAS, the Company desires to issue and sell $400,000,000 aggregate Principal Amount of the Notes as of the date hereof; 
 WHEREAS, Sections 3.01 and 9.01 of the Indenture provide that the Company, when authorized by a Board Resolution, and the Trustee may amend or supplement the Indenture to provide for the issuance
of and to establish the form or terms and conditions of Securities of any series as permitted by the Indenture; 

WHEREAS, the Company desires to establish the form, terms and conditions of the Notes; 

WHEREAS, all things necessary to make this First Supplemental Indenture a valid and legally binding supplement to the Indenture
according to its terms and the terms of the Indenture have been done; 
 WHEREAS, the Company has delivered to the
Trustee and the Securities Administrator an Opinion of Counsel and an Officer’s Certificate pursuant to Section 9.04 of the Indenture to the effect that the execution and delivery of the First Supplemental Indenture is authorized or
permitted under the Indenture and that all conditions precedent provided for in the Indenture to the execution and delivery of this First Supplemental Indenture to be complied with by the Company have been complied with; and 

WHEREAS, the Company has requested that the Trustee and the Securities Administrator execute and deliver this First Supplemental
Indenture. 

  
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 NOW, THEREFORE: 

In consideration of the premises stated herein and the purchase of the Notes by the Holders thereof, the Company, the Securities
Administrator and the Trustee mutually covenant and agree for the equal and proportionate benefit of the respective Holders from time to time of the Notes as follows: 
 ARTICLE 1 
 DEFINITIONS 

Section 1.01. Certain Terms Defined in the Indenture. For purposes of this First Supplemental Indenture, all capitalized terms
used but not defined herein shall have the meanings ascribed to such terms in the Indenture, as amended hereby. 
 Section
1.02. Definitions. For the benefit of the Holders of the Notes, Section 1.1 of the Indenture shall be amended by adding the following new definitions: 
 “Authorized Officer” means any of the Chairman of the Board, a Vice Chairman of the Board, the President, the Chief Executive Officer, any Vice President, the Chief Financial Officer, the
Treasurer, Assistant Treasurer, the Controller, Assistant Controller, the Secretary or an Assistant Secretary, in each case, of the Company. 
 “Change of Control” means the occurrence of any of the following: (1) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of
which is that any “person” (as that term is used in Section 13(d) of the Exchange Act) (other than the Company or one of its Subsidiaries) becomes the beneficial owner (as defined in Rules 13d-3 and
 13d-5 under the Exchange Act),
directly or indirectly, of more than 50% of the Voting Stock of the Company or other Voting Stock into which the Voting Stock of the Company is reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares;
(2) the direct or indirect sale, 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 assets of the Company and the assets of
its Subsidiaries, taken as a whole, to one or more “persons” (as that term is used in Section 13(d)(3) of the Exchange Act) (other than to the Company or one of its Subsidiaries); (3) the Company consolidates with, or merges with
or into, any “person” (as that term is used in Section 13(d) of the Exchange Act), or any such person consolidates with, or merges with or into, the Company, in either case, pursuant to a transaction in which any of the Company’s
outstanding Voting Stock or the Voting Stock of such other person is converted into or exchanged for cash, securities or other property, other than pursuant to a transaction in which shares of the Company’s Voting Stock outstanding immediately
prior to the transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person immediately after giving effect to such transaction; (4) the adoption of a plan

  
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relating to the Company s liquidation or dissolution; or (5) the first day on which a majority of the members of the Board of Directors of the Company are not Continuing Directors.

 “Change of Control Triggering Event” means the occurrence of both a Change of Control and a Rating Event.

 “Comparable Treasury Issue” means the United States Treasury security or securities selected by an
Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing
new issues of corporate debt securities of a comparable maturity to the remaining term of such Notes. 
 “Comparable
Treasury Price” means, with respect to any Redemption Date, (A) the arithmetic average of four Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer
Quotations, or (B) if the Trustee obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations for such Redemption Date. 
 “Continuing Director” means, as of any date of determination, any member of the Company’s Board of Directors who (1) was a member of such Board of Directors on the date the Notes
were issued, (2) was nominated for election to such Board of Directors with the approval of a committee of the Board of Directors consisting of a majority of independent Continuing Directors or (3) was nominated for election, elected or
appointed to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination, election or appointment (either by a specific vote or by approval of the
Company’s proxy statement in which such member was named as a nominee for election as a director, without objection to such nomination). 
 “Corporate Trust Office” means, with respect to the Securities Administrator, the corporate trust office of the Securities Administrator (a) for Note transfer purposes and
presentment of the Notes for final payment thereon, Citibank, N.A., 480 Washington Boulevard, 30th Floor, Jersey City, New Jersey 07310, Attention - Global Transaction Services, Lexmark International and (b) for all other purposes, Citibank,
N.A., 388 Greenwich Street, 14th Floor, New York, New York 10013, Attention: Global Transaction Services – Lexmark International, telecopy no.: (212) 816-5527, or any other address that the Securities Administrator may designate from time
to time by notice to the Note holders. 
 “Global Note” means, individually and collectively, each of the Notes
in the form of Global Securities issued to the Depositary or its nominee, substantially in the form of Exhibit A. 

  
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 “Independent Investment Banker” means one of the Reference Treasury Dealers
appointed by the Trustee after consultation with the Company; provided, however, that if such Reference Treasury Dealer ceases to be a Primary Treasury Dealer, the Company will substitute another Primary Treasury Dealer. 

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB-(or
the equivalent) by S&P, and the equivalent investment grade credit rating from any additional rating agency or Rating Agencies selected by the Company. 
 “Moody’s” means Moody’s Investors Service, Inc. or any successor thereto. 
 “Rating Agencies” means (1) each of Moody’s and S&P, and (2) if any of Moody’s and S&P ceases to rate the Notes or fails to make a rating of the Notes publicly
available for reasons outside of the control of the Company, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act selected by the Company (as certified by a resolution of
the Board of Directors of the Company) and which is reasonably acceptable to the Trustee as a replacement agency for Moody’s or S&P or both of them, as the case may be. 

“Rating Event” means the rating on the Notes is lowered independently by each of the Rating Agencies and the Notes are
rated below an Investment Grade Rating by each of the Rating Agencies on any day during the period commencing on the earlier of the date of the first public notice of the occurrence of a Change of Control or the Company’s intention to effect a
Change of Control and ending 60 days following consummation of such Change of Control (which period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating
Agencies). 
 “Redemption Date” when used with respect to the Notes to be redeemed, means the date fixed for
such redemption pursuant to the Indenture or this First Supplemental Indenture. 
 “Reference Treasury Dealer”
means any of J.P. Morgan Securities LLC and Citigroup Global Markets Inc. and their affiliates, which are primary U.S. Government securities dealers in The City of New York, and their respective successors plus two other primary U.S. Government
securities dealers in The City of New York selected by the Company; provided, however, that if any of the foregoing or their affiliates shall cease to be a primary U.S. Government securities dealer in The City of New York (a
“Primary Treasury Dealer”), the Company will substitute there for another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date,
the arithmetic average, as 

  
 5 

 
determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its Principal Amount) quoted in writing to the Trustee by such
Reference Treasury Dealer at 3:30 p.m. New York time on the third Business Day preceding such Redemption Date. 

“S&P” means Standard & Poor’s Rating Services, a Standard & Poor’s Financial Services
LLC business, or any successor thereto. 
 “Treasury Rate” means, with respect to any Redemption Date, the rate
per annum equal to the semiannual equivalent yield to maturity or interpolated (on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its Principal Amount) equal to
the Comparable Treasury Price for such Redemption Date. 
 “Voting Stock” means, with respect to any specified
“person” (as that term is used in Section 13(d) of the Exchange Act) as of any date, the capital stock of such person that is at the time entitled to vote generally in the election of the Board of Directors of such person. 

ARTICLE 2 

FORM AND TERMS OF THE NOTES 

Section 2.01. Form and Dating. The Notes and the certificate of authentication shall be substantially in the form of Exhibit
A attached hereto. The Notes shall be executed on behalf of the Company by an Authorized Officer of the Company. The Notes may have notations, legends or endorsements required by law, stock exchange rules or usage. Each Note shall be dated the
date of its authentication. The Notes and any beneficial interest in the Notes shall be in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 The terms and notations contained in the Notes shall constitute, and are hereby expressly made, a part of the Indenture as supplemented by this First Supplemental Indenture and the parties hereto, by
their execution and delivery of this First Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 
 (a) Global Note. The Notes shall be issued initially in the form of one or more fully registered Global Securities, which shall be deposited on behalf of the purchasers of the Notes represented
thereby with The Depository Trust Company, New York, New York (the “Depositary”) and registered in the name of Cede & Co., the Depositary’s nominee, duly executed on behalf of the Company by an Authorized Officer,
authenticated by the Securities Administrator in its capacity as Registrar and with guarantees endorsed thereon as hereinafter provided. The aggregate Principal Amount of outstanding Notes may from time to time be increased or decreased by
adjustments made on the records of the Securities Administrator and the Depositary or its nominee as hereinafter provided. 

  
 6 

 The Global Note may not be transferred except by the Depositary, in whole and not in part,
to another nominee of the Depositary or to a successor of the Depositary or its nominee. If at any time the Depositary for the Notes notifies the Company that the Depositary is unwilling to continue as Depositary for the Global Note or ceases to be
a clearing agency, or if the Company so elects or if there is an Event of Default under the Notes, then the Company shall execute, and the Securities Administrator, in its capacity as Registrar shall, upon receipt of a Company Order for
authentication, authenticate and deliver, Physical Securities in an aggregate Principal Amount equal to the Principal Amount of the Global Note in exchange for such Global Note, which the Depositary will distribute to its participants. 

(b) Book-Entry Provisions. This Section 2.01(b) shall apply only to the Global Note deposited with or on behalf of the
Depositary. 
 The Company shall execute and the Securities Administrator, in its capacity as Registrar shall, in accordance
with this Section 2.01(b), authenticate and deliver each Global Note that shall be registered in the name of the Depositary or the nominee of the Depositary and shall be delivered by the Securities Administrator, in its capacity as Registrar,
to the Depositary or pursuant to the Depositary s instructions. 
 Agent Members shall have no rights either under the Indenture
or with respect to any Global Note held on their behalf by the Depositary or under any Global Note. The Depositary shall be treated by the Company, the Trustee, the Securities Administrator (in each of its capacities hereunder) and any agent of the
Company, the Securities Administrator (in each of its capacities hereunder) or the Trustee as the absolute owner of such Global Note for all purposes under the Indenture. Notwithstanding the foregoing, nothing herein shall prevent the Company, the
Securities Administrator (in each of its capacities hereunder) or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and the Depository
Participants, the operation of customary practices of such Depositary governing the exercise of the rights of an owner of a beneficial interest in the Global Note. 
 (c) Definitive Notes. Notes issued in certificated form shall be substantially in the form of Exhibit A attached hereto, but without including the text referred to therein as applying only to a
Global Note. Except as provided above in subsection (a), owners of beneficial interests in the Global Note will not be entitled to receive physical delivery of certificated Notes. 

(d) Transfer and Exchange of the Notes. The transfer and exchange of beneficial interests in the Global Note shall be effected
through the Depositary, in accordance with the Indenture and the procedures of the Depositary there for. Beneficial interests in the Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in such
Global Note. 

  
 7 

 (e) Paying Agent. The Company appoints the Securities Administrator, as the initial
Paying Agent for the Notes and the Securities Administrator’s Corporate Trust Office, hereby is designated as the office or agency where the Notes may be presented for payment. 

(f) References. References in the Indenture to actions and duties of the Trustee as Paying Agent in the Indenture shall be deemed
to be actions and duties to be performed by the Securities Administrator. The Securities Administrator in its capacity as Paying Agent hereby agrees with the Trustee, subject to the provisions of Section 4.03 of the Indenture, that it will hold
all sums held by it for the payment of the principal of (and premium, if any) or interest, if any, on the Securities in trust for the benefit of the Holders until such sums shall be paid to such Holders or otherwise disposed of as provided in the
Indenture or this First Supplemental Indenture and will provide the Trustee notice of any default by the Company (or any other obligor upon the Securities) in the making of any payment of principal (and premium, if any) or interest, if any, on the
Securities; and (iv) during the continuance of any default by the Company (or any other obligor upon the Securities) in the making of any payment in respect of the Securities, and upon the written request of the Trustee, forthwith pay to the
Trustee all sums held in trust by such Paying Agent for payment in respect of the Securities. 
 (g) Registrar and Other
Capacities. The Company appoints Citibank, N.A., as the initial Registrar with respect to the Securities. References in the Indenture to actions and duties of the Trustee authenticating Securities, including the actions and duties under
Section 2.01 hereof and Article 3, Section 9.05 and Section 11.03 of Indenture, shall be deemed to be actions and duties to be performed by the Securities Administrator. References in the Indenture to actions and duties of the Trustee
acting as registrar or transfer agent, including the actions and duties under Article 3 of the Indenture, shall be deemed to be actions and duties to be performed by the Securities Administrator. References in the Indenture to actions and duties of
the Trustee in connection with the cancellation of Securities shall be deemed to be actions and duties to be performed by the Securities Administrator. References in the Indenture to actions and duties of the Trustee in connection with acting as
custodian for the Depositary, including under Sections 3.05(b) and 3.08 of the Indenture, shall be deemed to be actions and duties to be performed by the Securities Administrator. 

Section 2.02. Terms of the Notes. The following terms relating to the Notes are hereby established: 

(a) Title. The Notes shall constitute a series of Securities having the title “5.125% Senior Notes due 2020”.

 (b) Principal Amount. The aggregate Principal Amount of the Notes that may be initially authenticated and delivered
under the Indenture (except for Notes authenticated and delivered upon registration of, transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.07, 3.09, 3.11, 9.05 or 11.02

  
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of the Indenture) shall be $400,000,000. The Company may from time to time, without the consent of the Holders of Notes, issue additional Notes (in any such case “Additional
Notes”) having the same ranking and the same interest rate, maturity and other terms as the Notes. Any Additional Notes and the existing Notes will constitute a single series under the Indenture and all references to the Notes shall include
the Additional Notes unless the context otherwise requires. 
 (c) Maturity Date. The entire outstanding principal of the
Notes shall be payable on March 15, 2020. 
 (d) Interest Rate. 

(i) The rate at which the Notes shall bear interest shall be 5.125% per annum, subject to Section 2.02(d)(ii); the date from
which interest shall accrue on the Notes shall be March 4, 2013, or the most recent Interest Payment Date to which interest has been paid or provided for; the Interest Payment Dates for the Notes shall be March 15 and September 15 of
each year, beginning September 15, 2013; the interest so payable, and punctually paid or duly provided for, on any Interest Payment Date, will be paid, in immediately available funds, to the Persons in whose names the Notes (or one or more
predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be March 1 or September 1, as the case may be, next preceding such Interest Payment Date. Any such interest not
punctually paid or duly provided for shall forthwith cease to be payable to the respective Holders on such Regular Record Date, and such defaulted interest, may be paid to the Persons in whose names the Notes (or one or more predecessor Securities)
is registered at the close of business on a special record date for the payment of such defaulted interest to be fixed by the Securities Administrator, notice whereof shall be given to Holders of Notes not less than 15 days prior to such special
record date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully
provided in the Indenture. Payment of principal and interest on this Note will be made by wire transfer, as directed by the Holder, in immediately available funds to a Dollar account maintained by the Depositary or its nominee with respect to a
Global Note, and to the Holder or its nominee with respect to a Physical Security; provided that (1) in the case of a Physical Security, the Holder thereof shall have provided written wiring instructions to the Securities Administrator on or
before the related Record Date and (2) if appropriate instructions for any such wire transfer are not received by the related Record Date, then such payment shall be made by check drawn on a U.S. bank mailed to the address of the Holder
specified in the Register. Upon final payment due on the Maturity of a Security, the Holder thereof shall present and surrender such Security at the Corporate Trust Office of the Securities or at the office of any other Paying Agent on or prior to
such maturity. 

  
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 (ii) The interest rate payable on the Notes will be subject to adjustments from time to time
if either Moody’s or S&P downgrades (or subsequently upgrades) the debt rating assigned to the Notes, in the manner described below. 
 If the rating from Moody’s of the Notes is decreased to a rating set forth in the immediately following table, the Company shall give notice thereof to the Trustee and the Securities Administrator
and the interest rate on the Notes will increase from the interest rate payable on the Notes on the date of their issuance by the percentage set forth opposite that rating: 

 

					
	Rating	  	Percentage	 
	 Ba1
	  	 	0.25	% 
	 Ba2
	  	 	0.50	% 
	 Ba3
	  	 	0.75	% 
	 B1 or below
	  	 	1.00	% 

 If the rating from S&P of the Notes is decreased to a rating set forth in the immediately following
table, the Company shall give notice thereof to the Trustee and the Securities Administrator and the interest rate on the Notes will increase from the interest rate payable on the Notes on the date of their issuance by the percentage set forth
opposite that rating: 
  

					
	 BB+
	  	 	0.25	% 
	 BB
	  	 	0.50	% 
	 BB-
	  	 	0.75	% 
	 B+ or below
	  	 	1.00	% 

 If at any time the interest rate on the Notes has been adjusted upward and either Moody’s or
S&P, as the case may be, subsequently increases its rating of the Notes to any of the threshold ratings set forth above, the Company shall give notice thereof to the Trustee and the Securities Administrator and the interest rate on the Notes
will be decreased such that the interest rate for the Notes equals the interest rate payable on the Notes on the date of their issuance plus the percentages set forth opposite the applicable ratings from the tables above in effect immediately
following the increase. If Moody’s subsequently increases its rating of the Notes to Baa3 or higher, and S&P increases its rating to BBB- or higher, the Company shall give notice thereof to the Trustee and the Securities Administrator and
the interest rate on the Notes will be decreased to the interest rate payable on the Notes on the date of their issuance. In addition, the interest rate on the Notes will permanently cease to be subject to any adjustment

  
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described above (notwithstanding any subsequent decrease in the ratings by either or both Rating Agencies) and the Company shall give notice thereof to the Trustee and the Securities
Administrator if the Notes become rated A3 and A- or higher by Moody’s and S&P, respectively (or one of these ratings if the Notes are only rated by one Rating Agency). 

Each adjustment required by any decrease or increase in a rating set forth above, whether occasioned by the action of Moody’s or
S&P, shall be made independent of any and all other adjustments. In no event shall (1) the interest rate payable for the Notes be reduced to a rate below the interest rate payable on the Notes on the date of their issuance or (2) the
total increase in the interest rate on the Notes exceed 2.00% above the interest rate payable on the Notes on the date of their issuance. 
 If either Moody’s or S&P ceases to provide a rating of the Notes, any subsequent increase or decrease in the interest rate of the Notes necessitated by a reduction or increase in the rating by
the agency continuing to provide the rating shall be twice the percentage set forth in the applicable table above. No adjustments in the interest rate of the Notes shall be made solely as a result of either Moody’s or S&P ceasing to provide
a rating. If both Moody’s and S&P cease to provide a rating of the Notes, the interest rate on the Notes will increase to, or remain at, as the case may be, 2.00% above the interest rate payable on the Notes on the date of their issuance.

 Any interest rate increase or decrease described above will take effect from the first day of the interest period during
which a rating change requires an adjustment in the interest rate. Neither the Trustee nor the Securities Administrator (in any of its capacities) shall have any duty or obligation of any nature whatsoever to monitor the ratings of the Notes or to
monitor if either Moody’s or S&P is then rating the Notes. The Company shall provide the Trustee and the Securities Administrator notice of any change in the ratings of the Notes and in the agencies rating them and shall be solely
responsible for calculating (and providing written notice of such calculation to the Trustee and the Securities Administrator) any change in the interest rate at which interest accrues on the Securities. 

If the interest rate payable on the Notes is increased as described in this Section 2.02(d)(ii), then the term “interest”,
as used in this First Supplemental Indenture, the Indenture and the Notes will be deemed to include any such additional interest unless the context otherwise requires. 
 (e) Currency. The currency of denomination of the Notes is United States Dollars. Payment of principal of and interest and premium, if any, on the Notes will be made in United States Dollars.

  
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 Section 2.03. Optional Redemption. 

(a) The provisions of Article 11 of the Indenture shall apply to the Notes. 

(b) At any time and from time to time, the Notes will be redeemable, as a whole or in part, at the Company’s option, on at least 30
days, but not more than 60 days, prior notice mailed to the registered address of each Holder of the Notes, at a redemption price equal to the greater of (i) 100% of the Principal Amount of the Notes to be redeemed, or (ii) the sum of the
present values of the remaining scheduled payments of interest and principal thereon (exclusive of interest accrued and unpaid to, but not including, the date of redemption) discounted to the date of redemption on a semiannual basis, assuming a
360-day year consisting of twelve 30-day months, at the Treasury Rate plus 50 basis points, plus, in either case, accrued and unpaid interest to, but not including, the Redemption Date for the Notes. 

(c) On and after the Redemption Date for the Notes, interest will cease to accrue on the Notes or any portion thereof called for
redemption, unless the Company defaults in the payment of the redemption price. On or before the Redemption Date for the Notes, the Company will deposit with the Securities Administrator in its capacity as the Paying Agent or the Trustee, funds
sufficient to pay the redemption price of the Notes to be redeemed on such date. If less than all of the Notes are to be redeemed, the Notes to be redeemed will be selected by the Trustee by such method as the Trustee deems fair and appropriate;
provided however, such method shall be in compliance with the requirements of the principal national securities exchange, if any, on which the Securities are listed or, if the Securities are not listed but are in global form, then by lot or
otherwise in accordance with the procedures of the Depositary or, if the Securities are not listed and not in global form on a pro rata basis, by lot or by such other method as the Trustee deems to be fair and appropriate; provided further that no
Notes of a Principal Amount of $2,000 or less shall be redeemed in part. 
 (d) Notice of any redemption will be mailed at least
30 days but not more than 60 days before the Redemption Date to each holder of the Notes to be redeemed provided however that if the Securities Administrator is asked to give such notice it shall be notified in writing of such request at least 15
days prior to the date of the giving of such notice. Once notice of redemption is mailed, the Notes called for redemption will become due and payable on the Redemption Date and at the applicable redemption price, plus accrued and unpaid interest to
the Redemption Date. 
 (e) In relation to the actions and duties of the Trustee in connection with redemptions, including under
Section 2.03(c) hereof, the Trustee appoints the Securities Administrator in its capacity as Paying Agent to carry out those duties and actions. 

  
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 Section 2.04. Repurchase of Notes upon a Change of Control. 

(a) If a Change of Control Triggering Event occurs with respect to the Notes, unless the Company shall have exercised its option to redeem
the Notes as described in Section 2.03 of this First Supplemental Indenture, the Company shall be required to make an offer (the “Change of Control Offer”) to each Holder of the Notes to repurchase all or any part (equal to
$2,000 or any integral multiple of $1,000 in excess thereof) of that Holder’s Notes on the terms set forth in this Section 2.04 and in the Notes. In the Change of Control Offer, the Company shall be required to offer payment in cash equal
to 101% of the aggregate Principal Amount of Notes repurchased, plus accrued and unpaid interest, if any, on the Notes repurchased up to, but not including, the date of repurchase (the “Change of Control Payment”). Within 30 days
following any Change of Control Triggering Event or, at the option of the Company, prior to any Change of Control, but after the public announcement of the transaction that constitutes or may constitute the Change of Control, the Company shall mail
a notice to Holders of the Notes describing the transaction that constitutes or may constitute the Change of Control Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date shall be no earlier than 30
days and no later than 60 days from the date such notice is mailed or, if the notice is mailed prior to the Change of Control, no earlier than 30 days and no later than 60 days from the date on which the Change of Control Triggering Event occurs
(the “Change of Control Payment Date”). The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Triggering Event occurring on
or prior to the Change of Control Payment Date. 
 (b) On the Change of Control Payment Date, the Company shall, to the extent
lawful: 
 (i) accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of
Control Offer; 
 (ii) 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 
 (iii) deliver or cause to be delivered to the Trustee
or the Paying Agent the Notes properly accepted together with an Officer’s Certificate stating the aggregate Principal Amount of Notes or portions of Notes being repurchased. 

The Company shall publicly announce the results of the Change of Control Offer on or as soon as possible after the date of purchase.

 (c) The Company shall not be required to make a Change of Control Offer upon the occurrence of a Change of Control Triggering
Event if a third party makes such an offer in the manner, at the time and otherwise in compliance with the requirements for an offer made by the Company and the third party 

  
 13 

 
repurchases all Notes properly tendered and not withdrawn under its offer. In addition, the Company shall not repurchase any Notes if there has occurred and is continuing on the Change of Control
Payment Date an Event of Default under the Indenture, other than an Event of Default arising as a result of a default in the payment of the Change of Control Payment upon a Change of Control Triggering Event. 

(d) If Holders of not less than 95% in aggregate Principal Amount of the outstanding Notes validly tender and do not withdraw such Notes
in an offer to repurchase the Notes upon a Change of Control Triggering Event and the Company, or any third party making an offer to repurchase the Notes upon a Change of Control Triggering Event in lieu of the Company, as described in this
Section 2.04, purchases all of the Notes validly tendered and not withdrawn by such Holders, the Company shall have the right, upon not less than 30 days nor more than 60 days’ prior notice, given not more than 30 days following the Change
of Control Payment Date, to redeem all of the Notes that remain outstanding following such purchase at a redemption price in cash equal to 101% of the Principal Amount thereof, plus accrued and unpaid interest, if any, to the Redemption Date.

 (e) The Company shall comply in all material respects with the requirements of Rule 14e-1 under the Exchange Act and any
other securities laws and regulations there under to the extent such laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any
such securities laws or regulations conflict with the Change of Control Offer provisions of the Notes, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under the
Change of Control Offer provisions of the Notes by virtue of any such conflict. 
 ARTICLE 3 

EVENTS OF DEFAULT 
 Section 3.01. Additional Event of Default. Section 5.01 of the Indenture shall be modified by adding the following subsection (f): 

(f) a default or defaults under anyone or more note(s) or other evidence(s) of Debt (other than the Securities), or any agreement(s) or
instrument(s) under which there may be issued or by which there may be secured or evidenced any Debt (other than the Securities), of the Company or any of the Subsidiaries, having a principal amount outstanding, individually or in the aggregate of
at least $100,000,000, and whether existing on or created after the date of this Indenture, which default or defaults, individually or in the aggregate, (i) constitute a failure to pay at least $100,000,000, of the principal of such Debt when
due (unless such default is waived or cured within 30 days after the expiration of any applicable grace period) or (ii) have resulted in acceleration of 

  
 14 

 
any portion of such Debt having an aggregate principal amount equal to or exceeding $100,000,000, in each case (i) and (ii) without such overdue or accelerated amount having been discharged,
or such acceleration having been rescinded or annulled, within 30 days after written notice of such default has been given, in the manner provided in Section 6.06 of the Indenture, to the Company by the Trustee or 

to the Company and the Trustee by the Holders of at least 25% in Principal Amount of the outstanding Securities specifying such default or breach and
requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder. 
 ARTICLE 4

 MISCELLANEOUS 
 Section 4.01. Trust Indenture Act Controls. If any provision of this First Supplemental Indenture limits, qualifies or conflicts with another provision which is required to be included in this
First Supplemental Indenture by the TIA, the required provision shall control. If any provision of this First Supplemental Indenture modifies or excludes any provision of the TIA which may be so modified or excluded, the latter provision shall be
deemed to apply to this First Supplemental Indenture as so modified or to be excluded, as the case may be. 
 Section 4.02.
New York Law to Govern. This First Supplemental Indenture and the Notes shall each be deemed to be a contract under the laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State. 

Section 4.03. Counterparts. This First Supplemental Indenture may be executed in any number of counterparts, each of which shall
be an original; but such counterparts shall together constitute but one and the same instrument. 
 Section 4.04.
Severability. If any provision of this First Supplemental Indenture or the Notes shall be held to be illegal or unenforceable under applicable law, then the remaining provisions hereof shall be construed as though such invalid, illegal or
unenforceable provision were not contained herein or therein, as applicable. 
 Section 4.05. Ratification. The
Indenture, as supplemented and amended by this First Supplemental Indenture, is in all respects ratified and confirmed. The Indenture and this First Supplemental Indenture shall be read, taken and construed as one and the same instrument. All
provisions included in this First Supplemental Indenture supersede any conflicting provisions included in the Indenture unless not permitted by law. The Trustee accepts the trusts created by the Indenture, as supplemented by this First Supplemental
Indenture, and agrees to perform the same upon the terms and conditions of the Indenture, as supplemented by this First Supplemental Indenture. 

  
 15 

 Section 4.06. Effectiveness. The provisions of this First Supplemental Indenture
shall become effective as of the date hereof. 
 Section 4.07. Trustee and Securities Administrator Make No
Representation. The recitals contained herein are made by the Company and not by the Trustee or the Securities Administrator, and neither the Trustee nor the Securities Administrator assumes any responsibility for the correctness thereof.
Neither the Trustee nor the Securities Administrator makes any representation as to the validity or sufficiency of this First Supplemental Indenture. All rights, protections, privileges, indemnities and benefits granted or afforded to the Trustee
under the Indenture shall be deemed incorporated herein by this reference and shall be deemed applicable to all actions taken, suffered or omitted by the Trustee in each of its capacities hereunder, and each agent, custodian and other Person
employed to act under this First Supplemental Indenture. 
 The Securities Administrator undertakes to perform such duties and
only such duties as are specifically set forth in this First Supplemental Indenture. In performing its functions and duties under this First Supplemental Indenture, the Securities Administrator (in each of its capacities hereunder) shall be afforded
all of the rights, protections, immunities and indemnities afforded to the Trustee under the Indenture as if they were expressly set forth herein for the benefit of the Securities Administrator mutatis mutandis 

[Remainder of page intentionally left blank.] 

  
 16 

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

			
	 LEXMARK INTERNATIONAL, INC.

		
	 By:
	 	  

		 	 Name: Bruce J. Frost

		 	 Title: Treasurer

 Signature Page to First Supplemental Indenture 

  

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	 By:
	 	  

		 	 Name:

		 	 Title:

 Signature Page to First Supplemental Indenture 

  

 
			
	 CITIBANK, N.A., as Securities
 Administrator and Registrar

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 Signature Page to First Supplemental Indenture 

  

 EXHIBIT A 
 Form of 5.125% Senior Note due 2020 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING
OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES.

 UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, TO THE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS
MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN
WHOLE, BUT NOT IN PART, TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE. 

LEXMARK INTERNATIONAL, INC. 
 5.125% Senior Note due 2020 
  

			
	REGISTERED	  	PRINCIPAL AMOUNT
	 No. Specimen
	  	$        400,000,000

 CUSIP: 529772AF2 
 ISIN: US529772AF23 
 Lexmark International, Inc., a Delaware corporation
(herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or its registered assigns, the principal sum of
$400,000,000, or such other Principal Amount as may be set forth in the records of the Securities 

  
 A-1

 
Administrator (hereinafter referred to) in accordance with the terms of the Indenture, on March 15, 2020 (the “Maturity Date”) (except to the extent redeemed or repaid prior
to the Maturity Date) and to pay interest thereon from March 4, 2013 (the “Original Issue Date”) or from the most recent Interest Payment Date to which interest has been paid or duly provided for semi-annually at the rate of
5.125% per annum, on March 15 and September 15 (each such date, an “Interest Payment Date”), commencing September 15, 2013, until the principal hereof is paid or made available for payment. 

Subject to the limitations set forth in Section 2.02(d)(ii) of the First Supplemental Indenture (as defined herein), the interest
rate payable on the Notes (as defined herein) will be subject to adjustment from time to time, on the terms set forth in the Indenture, if either Moody’s or S&P downgrades (or subsequently upgrades) the debt rating assigned to the Notes. If
the interest rate payable on this Note is increased in accordance with the terms hereof and of the Indenture, then the term interest, as used in this Note and the Indenture, will be deemed to include any such additional interest unless the context
otherwise requires. 
 Payment of Interest. The interest so payable, and punctually paid or made available for payment,
on any Interest Payment Date, will, as provided in the Indenture, be paid, in immediately available funds, to the Person in whose name this Note (or one or more predecessor Securities) is registered at the close of business on March 1 or
September 1 (whether or not a Business Day, as defined in the Indenture), as the case may be, next preceding such Interest Payment Date (the “Regular Record Date”). Any such interest not punctually paid or duly provided for
(“Defaulted Interest”) will forthwith cease to be payable to the Holder on such Regular Record Date, and such Defaulted Interest may be paid to the Person in whose name this Note (or one or more predecessor Securities) is registered
at the close of business on a special record date (the “Special Record Date”) for the payment of such Defaulted Interest to be fixed by the Securities Administrator, notice whereof shall be given to Holders of Notes not less than 15
days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such
exchange, all as more fully provided in said Indenture. 
 Place of Payment. Payment of principal and interest on this
Note will be made by wire transfer, as directed by the Holder, in immediately available funds to a Dollar account maintained by the Depositary or its nominee with respect to a Global Note, and to the Holder or its nominee with respect to a Physical
Security; provided that (1) in the case of a Physical Security, the Holder thereof shall have provided written wiring instructions to the Securities Administrator on or before the related Record Date and (2) if appropriate instructions for
any such wire transfer are not received by the related Record Date, then such payment shall be made by check drawn on a U.S. bank mailed to the address of the Holder 

  
 A-2

 
specified in the Register. Upon final payment due on the Maturity of a Security, the Holder thereof shall present and surrender such Security at the Corporate Trust Office of the Securities or at
the office of any other Paying Agent on or prior to such maturity. 
 Time of Payment. In any case where any Interest
Payment Date, the Maturity Date or any date fixed for redemption or repayment of the Notes shall not be a Business Day, then (notwithstanding any other provision of the Indenture or this Note), payment of principal or interest, if any, need not be
made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on such Interest Payment Date, the Maturity Date or the date so fixed for redemption or repayment, and no interest shall accrue in
respect of the delay. 
 General. This Note is one of a duly authorized issue of Securities of the Company, issued and to
be issued in one or more series under an indenture (the “Base Indenture”), dated as of March 4, 2013, between the Company and Wilmington Trust, National Association (herein called the “Trustee”, which term
includes any successor trustee under the Indenture with respect to a series of which this Note is a part), as supplemented by a First Supplemental Indenture thereto, dated as of March 4, 2013, among the Company, the Trustee and the Securities
Administrator (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”). Reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights,
duties and immunities there under of the Company, the Trustee, the Securities Administrator and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Note is one of a duly
authorized series of Securities designated as 5.125% Senior Notes due March 15, 2013 (collectively, the “Notes”), initially limited in aggregate Principal Amount to $400,000,000. 

Further Issuance. The Company may from time to time, without the consent of the Holders of the Notes, issue additional Securities
(the “Additional Securities”) of this series having the same ranking and the same interest rate, maturity and other terms as the Notes. Any Additional Securities of this series and the Notes will constitute a single series under the
Indenture and all references to the Notes shall include the Additional Securities unless the context otherwise requires. 

Events of Default. If an Event of Default with respect to the Notes shall have occurred and be continuing, the principal of the
Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 
 Sinking Fund. The
Notes are not subject to any sinking fund. 

  
 A-3

 Optional Redemption. The Notes will be redeemable at any time, at the option of the
Company, in whole or from time to time in part, upon not less than 30 nor more than 60 days prior notice, on any date prior to their Maturity at a redemption price, calculated pursuant to the Indenture, which includes accrued interest thereon, if
any, to, but not including, the Redemption Date. In accordance with the Indenture, in the case of any partial redemption, selection of the Notes for redemption will be made by the Trustee by such method as the Trustee deems fair and appropriate,
provided, however, such method shall be in compliance with the requirements of the principal national securities exchange, if any, on which the Securities are listed or, if the Securities are not listed but are in global form, then by lot or
otherwise in accordance with the procedures of the Depositary or, if the Securities are not listed and not in global form on a pro rata basis, by lot or by such other method as the Trustee deems to be fair and appropriate; provided further that no
Notes of a Principal Amount of $2,000 or less shall be redeemed in part. 
 If any Note is to be redeemed in part only, the
notice of redemption relating to such Note shall state the portion of the Principal Amount thereof to be redeemed. A new Note in Principal Amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon
cancellation of this Note. 
 Repurchase upon a Change of Control Triggering Event. Upon the occurrence of a Change of
Control Triggering Event with respect to the Notes, the Company shall be required to make an offer to repurchase the Notes on the terms set forth in the Indenture. 
 Full Defeasance and Covenant Defeasance. The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness of the Company on this Note and (b) certain
restrictive covenants and the related Defaults and Events of Default, upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Note. 

Modification and Waivers; Obligations of the Company Absolute. The Indenture permits, with certain exceptions as therein provided,
the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities. Such amendment may be effected under the Indenture at any time by the Company and the Trustee with the consent
of the Holders of not less than a majority in aggregate Principal Amount of the outstanding Notes affected thereby. The Indenture also contains provisions permitting the Holders of not less than a majority in aggregate Principal Amount of the
Securities at the time outstanding, on behalf of the Holders of all outstanding Securities, to waive compliance by the Company with certain provisions of the Indenture. Furthermore, provisions in the Indenture permit the Holders of not less than a
majority in aggregate Principal Amount of the outstanding Securities to waive on behalf of all of the Holders of Securities 

  
 A-4

 
certain past defaults under the Indenture and their consequences. Any such consent or waiver shall be conclusive and binding upon the Holder of this Note and upon all future Holders of this Note
and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and interest on this Note at the time, place, and rate, and in the coin or currency, herein prescribed. 
 Limitation on Suits. As set forth in, and subject to, the provisions of the Indenture, no Holder of any Note will have any right to institute any proceeding with respect to the Indenture or for any
remedy there under, unless such Holder shall have previously given to the Trustee written notice of a continuing Event of Default, the Holders of not less than 25% in Principal Amount of the outstanding Notes shall have made written request, and
offered indemnity reasonably satisfactory to it, to the Trustee to institute such proceedings as trustee, and the Trustee shall not have received from the Holders of a majority in Principal Amount of the outstanding Notes a direction inconsistent
with such request and shall have failed to institute such proceeding within 60 days; provided, however, that such limitations do not apply to a suit instituted by the Holder hereof for the enforcement of payment of the principal of or interest on
this Note on or after the respective due dates expressed herein. 
 Authorized Denominations. The Notes are issuable only
in registered form without coupons in denominations of $2,000 or any integral multiple of $1,000 in excess thereof. 

Registration of Transfer or Exchange. As provided in the Indenture and subject to certain limitations herein and therein set
forth, the transfer of this Note is registrable in the register of the Notes maintained by the Registrar upon surrender of this Note for registration of transfer, at the office or agency of the Company in any place where the principal of and
interest on this Note are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Registrar, duly executed by the Holder hereof or its attorney duly authorized in writing, and
thereupon one or more new Notes, of authorized denominations and for the same aggregate Principal Amount, will be issued to the designated transferee or transferees. 
 As provided in the Indenture and subject to certain limitations herein and therein set forth, the Notes are exchangeable for a like aggregate Principal Amount of Notes of different authorized
denominations, as requested by the Holders surrendering the same. 

  
 A-5

 No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Note for registration of transfer, the Company, the Trustee, the Securities Administrator and any agent
of the Company, the Securities Administrator or the Trustee may treat the Holder as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Trustee, the Securities Administrator nor any such agent shall
be affected by notice to the contrary. 
 Defined Terms. All terms used in this Note, which are defined in the Indenture
and are not otherwise defined herein, shall have the meanings assigned to them in the Indenture. 
 Governing
Law. This Note shall be governed by and construed in accordance with the laws of the State of New York, as applied to contracts made and performed within the State of New York. 

Unless the certificate of authentication hereon has been executed by the Registrar by manual signature, this Note shall not be entitled
to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 A-6

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed and its seal
to be hereunto affixed and attested. 
 Dated: March     , 2013 

 

			
	LEXMARK INTERNATIONAL, INC.
		
	By:	 	  

		 	Name: Bruce J. Frost
		 	Title:   Treasurer

  
 A-7

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities referred to in the within-mentioned Indenture, as such is supplemented by the within-mentioned First
Supplemental Indenture. 
  

			
	CITIBANK. N.A, not in its individual capacity, but solely as Registrar
		
	By:	 	  

		 	Name:
		 	Title:

 Dated: March     , 2013 

  
 A-8

 ASSIGNMENT 
 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto           
                                         
            
  

 
 PLEASE INSERT SOCIAL SECURITY
NUMBER OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 
  

	
	     

  
  

 
  
 (Please print or typewrite name and address, 
 including postal zip code, of
assignee) 
 the within Note and all rights there under, and hereby irrevocably constitutes and appoints 

 
  
  

 
  

 
 to transfer said Note on the books of the
Securities Administrator, with full power of substitution in the premises. 
  

							
	Dated: 	 	  
	 		  	  
 NOTICE: The signature to this assignment must
correspond with the name as written upon the face of the within Note in every particular, without alteration or enlargement or any change whatsoever.

	 	 		  	
	Signature Guarantee	 		  	

  
 A-9EX-10.1

 Exhibit 10.1 
 NORDSON CORPORATION 
 2012 STOCK INCENTIVE AND AWARD PLAN 

1. Establishment, Purpose, Duration. 
 a.
Establishment. Nordson Corporation (the “Company”), hereby establishes an equity compensation plan to be known as the Nordson Corporation 2012 Stock Incentive and Award Plan (the “Plan”). The Plan is effective as of
December 28, 2012 (the “Effective Date”), subject to the approval of the Plan by the shareholders of the Company (the date of such shareholder approval being the “Approval Date”). Definitions of capitalized terms used in the
Plan are contained in Section 0 of the Plan. 
 b. Purpose. The purpose of the Plan is to attract and retain Directors,
officers and other key employees of the Company and its Subsidiaries and to provide to such persons incentives and rewards for superior performance. 
 c. Duration. No Award may be granted under the Plan after the day immediately preceding the tenth (10th) anniversary of the Effective Date, or such earlier date as the Board shall determine. The
Plan will remain in effect with respect to outstanding Awards until no Awards remain outstanding. 
 d. Prior Plan. If the
Company’s shareholders approve the Plan, the Nordson Corporation Amended and Restated 2004 Long-Term Performance Plan (the “Prior Plan”) will terminate in its entirety effective on the Approval Date; provided that all
outstanding awards under the Prior Plan as of the Approval Date shall remain outstanding and shall be administered and settled in accordance with the provisions of the Prior Plan. 
 2. Definitions. As used in the Plan, the following definitions shall apply. 
 “Applicable
Laws” means the applicable requirements relating to the administration of equity-based compensation plans under U.S. state corporate laws, U.S. federal and state securities laws, the Code, the rules of any stock exchange or quotation system on
which the Shares are listed or quoted and the applicable laws of any other country or jurisdiction where Awards are granted under the Plan. 
 “Approval Date” has the meaning given such term in Section 0(a). 
 “Award”
means a Nonqualified Stock Option, Incentive Stock Option, Stock Appreciation Right, Restricted Shares Award, Restricted Share Unit, Other Share-Based Award or Cash-Based Award granted pursuant to the terms and conditions of the Plan. 

“Award Agreement” means either: (a) an agreement, either in written or electronic format, entered into by the Company and a
Participant setting forth the terms and provisions applicable to an Award granted under the Plan; or (b) a statement, either in written or electronic format, issued by the Company to a Participant describing the terms and provisions of such
Award, which need not be signed by the Participant. 
 “Board” means the Board of Directors of the Company. 

“Cash-Based Award” shall mean a cash Award granted pursuant to Section 11 of the Plan. 

“Cause” as a reason for a Participant’s termination of employment shall have the meaning assigned such term in the employment
agreement (or, if operative, the Change-in-Control Retention Agreement), if any, between the Participant and the Company or Subsidiary. If the Participant is not a party to an employment agreement (or Change-in-Control Retention Agreement) with the
Company or a Subsidiary in which such term is defined, then unless otherwise defined in the applicable Award Agreement, “Cause” shall mean (i) the commission of an act of fraud, embezzlement, theft, or other similar criminal act
constituting a felony and involving the business of the Company or its Subsidiaries, or (ii) the continued failure of the Participant to perform substantially the Participant’s duties with the Company or any of its Subsidiaries (other than
any such failure resulting from any medically determined 

 
physical or mental impairment) that is not cured by the Participant within 30 days after a written demand for substantial performance is delivered to the Participant by the Company which
specifically identifies the manner in which the Company believes that the Participant has not substantially performed the Participant’s duties. 
 “Change in Control” means the occurrence of one of the following events: (a) a report is filed with the SEC on Schedule 13D or Schedule 14D-1 (or any successor schedule, form, or report), each as
promulgated pursuant to the Exchange Act, disclosing that any “person” (as the term “person” is used in Section 13(d) or Section 14(d)(2) of the Exchange Act) is or has become a beneficial owner, directly or indirectly,
of securities of the Company representing 35% or more of the combined voting power of the Company’s then outstanding securities; (b) the Company is merged or consolidated with another corporation and, as a result thereof, securities
representing less than 50% of the combined voting power of the surviving or resulting corporation’s securities (or of the securities of a parent corporation in case of a merger in which the surviving or resulting corporation becomes a
wholly-owned subsidiary of the parent corporation) are owned in the aggregate by holders of the Company’s securities immediately before such merger or consolidation; (c) all or substantially all of the assets of the Company are sold in a
single transaction or a series of related transactions to a single purchaser or a group of affiliated purchasers; or (d) during any period of 24 consecutive months, individuals who were Directors at the beginning of the period cease to
constitute at least a majority of the Board unless the election, or nomination for election by the Company’s shareholders, of more than one half of any new Directors was approved by a vote of at least two-thirds of the Directors then still in
office who were Directors at the beginning of the 24 month period. 
 “Code” means the Internal Revenue Code of 1986, as
amended. 
 “Committee” means the Compensation Committee of the Board or such other committee or subcommittee of the Board as
may be duly appointed to administer the Plan and having such powers in each instance as shall be specified by the Board. To the extent required by Applicable Laws, the Committee shall consist of two or more members of the Board, each of whom is a
“non-employee director” within the meaning of Rule 16b-3 promulgated under the Exchange Act, an “outside director” within the meaning of regulations promulgated under Section 162(m) of the Code, and an “independent
director” within the meaning of applicable rules of any securities exchange upon which Shares are listed. 
 “Company” has
the meaning given such term in Section 1(a) and any successor thereto. 
 “Date of Grant” means the date as of which an
Award is determined to be effective and designated in a resolution by the Committee and is granted pursuant to the Plan. The Date of Grant shall not be earlier than the date of the resolution and action therein by the Committee. In no event shall
the Date of Grant be earlier than the Effective Date. 
 “Director” means any individual who is a member of the Board who is not
an Employee. 
 “Effective Date” has the meaning given such term in Section 0(a). 

“Employee” means any employee of the Company or a Subsidiary; provided, however, that for purposes of determining whether
any person may be a Participant for purposes of any grant of Incentive Stock Options, the term “Employee” has the meaning given to such term in Section 3401(c) of the Code, as interpreted by the regulations thereunder and Applicable
Law. 
 “Exchange Act” means the Securities Exchange Act of 1934 and the rules and regulations thereunder, as such law, rules
and regulations may be amended from time to time. 
 “Fair Market Value” means the value of one Share on any relevant date,
determined under the following rules: (a) the closing sale price per Share on that date as reported on the principal exchange on which Shares are then trading, if any, or if applicable the NASDAQ Global Select Market, or if there are no sales
on that date, on the next preceding trading day during which a sale occurred; (b) if the Shares are not reported on a principal exchange or national market system, the average of the closing bid and asked prices last quoted on that date by an
established quotation service for over-the-counter securities; or (c) if neither (a) nor (b) applies, (i) with respect to Stock Options, Stock Appreciation Rights and any Award of stock rights that is subject to Section 409A
of the Code, the value as determined by the Committee through the reasonable application of a reasonable valuation method, taking into account all information material to the value of the Company, within the meaning of Section 409A of the Code,
and (ii) with respect to all other Awards, the fair market value as determined by the Committee in good faith. 

  
 2 

 “Full Value Award” means an Award that is settled by the issuance of Shares, other than a
Stock Option or a Stock Appreciation Right. 
 “Good Reason” as a reason for a Participant’s termination of employment
shall have the meaning assigned such term in the Change-in-Control Retention Agreement, if any, between the Participant and the Company or Subsidiary. 
 “Incentive Stock Option” or “ISO” means a Stock Option that is designated as an Incentive Stock Option and that is intended to meet the requirements of Section 422 of the Code. 

“Nonqualified Stock Option” means a Stock Option that is not intended to meet the requirements of Section 422 of the Code or
otherwise does not meet such requirements. 
 “Other Share-Based Award” means an equity-based or equity-related Award not
otherwise described by the terms of the Plan, granted in accordance with the terms and conditions set forth in Section 10. 

“Participant” means any eligible individual as set forth in Section 5 who holds one or more outstanding Awards. 

“Performance-Based Exception” means the performance-based exception from the tax deductibility limitations of Section 162(m) of the
Code. 
 “Performance Objectives” means the performance objective or objectives established by the Committee pursuant to the
Plan. Any Performance Objectives may relate to the performance of the Company or one or more of its Subsidiaries, divisions, departments, units, functions, partnerships, joint ventures or minority investments, product lines or products, or the
performance of the individual Participant, and may include, without limitation, the Performance Objectives set forth in Section 13(b). The Performance Objectives may be made relative to the performance of a group of comparable companies, or
published or special index that the Committee, in its sole discretion, deems appropriate, or the Company may select Performance Objectives as compared to various stock market indices. Performance Objectives may be stated as a combination of the
listed factors. 
 “Plan” means this Nordson Corporation 2012 Stock and Incentive Award Plan, as amended from time to time.

 “Potential Change in Control” means a report is filed with the SEC on Schedule 13D or Schedule 14D-1 (or any successor
schedule, form, or report), each as promulgated pursuant to the Exchange Act, disclosing that any “person” (as the term “person” is used in Section 13(d) or Section 14(d)(2) of the Exchange Act) is or has become a
beneficial owner, directly or indirectly, of securities of the Company representing at least 25% but less than 35% of the combined voting power of the Company’s then outstanding securities. 

“Potential Change in Control Protection Period” means the period commencing on a Potential Change in Control and ending on the earlier of
(i) a Change in Control, or (ii) the second anniversary of the Potential Change in Control. 
 “Prior Plan” has the
meaning given such term in Section 0(d). 
 “Qualified Termination” means any termination of a Participant’s
employment during the Potential Change in Control Protection Period: (i) by the Company, any of its Subsidiaries or the resulting entity without Cause, or (ii) solely with respect to a Participant who is a party to a Change-in-Control
Retention Agreement with the Company or a Subsidiary immediately prior to a Potential Change in Control, by the Participant for Good Reason. 
 “Restricted Shares” means Shares granted or sold pursuant to Section 0 as to which neither the substantial risk of forfeiture nor the prohibition on transfers referred to in such Section 0 has
expired. 
 “Restricted Share Unit” means a grant or sale of the right to receive Shares or cash at the end of a specified
restricted period made pursuant to Section 0. 
 “SEC” means the United States Securities and Exchange Commission.

  
 3 

 “Share” means a share of common stock of the Company, without par value, or any security
into which such Share may be changed by reason of any transaction or event of the type referred to in Section 15. 
 “Stock
Appreciation Right” means a right granted pursuant to Section 0. 
 “Stock Option” means a right to purchase a Share
granted to a Participant under the Plan in accordance with the terms and conditions set forth in Section 0. Stock Options may be either Incentive Stock Options or Nonqualified Stock Options. 

“Subsidiary” means: (a) with respect to an Incentive Stock Option, a “subsidiary corporation” as defined under
Section 424(f) of the Code; and (b) for all other purposes under the Plan, any corporation or other entity in which the Company owns, directly or indirectly, a proprietary interest of more than fifty (50%) by reason of stock ownership
or otherwise. 
 “Ten Percent Shareholder” shall mean any Participant who owns more than 10% of the combined voting power of all
classes of stock of the Company, within the meaning of Section 422 of the Code. 
 3. Shares Available Under the Plan. 

a. Shares Available for Awards. The maximum number of Shares that may be issued or delivered pursuant to Awards under the Plan shall be
2,900,000, including the number of Shares that, on the Approval Date, are available to be granted under the Prior Plan but which are not then subject to outstanding awards under the Prior Plan, all of which may be granted with respect to Incentive
Stock Options. Shares issued or delivered pursuant to an Award may be authorized but unissued Shares, treasury Shares, including Shares purchased in the open market, or a combination of the foregoing. The aggregate number of Shares available for
issuance or delivery under the Plan shall be subject to adjustment as provided in Section 15. 
 b. Share Counting. The
following Shares shall not count against the Share limit in Section 3(a): (i) Shares covered by an Award that expires or is forfeited, canceled, surrendered, or otherwise terminated without the issuance of such Shares; (ii) Shares
covered by an Award that is settled only in cash; (iii) Shares tendered in payment of the exercise price of a Stock Option; (iv) Shares withheld by the Company or any Subsidiary to satisfy a tax withholding obligation; and (v) Shares
granted through the assumption of, or in substitution for, outstanding awards granted by a company to individuals who become Employees or Directors as the result of a merger, consolidation, acquisition or other corporate transaction involving such
company and the Company or any of its Affiliates (except as may be required by reason of the rules and regulations of any stock exchange or other trading market on which the Shares are listed). With respect to any Stock Appreciation Right that is
settled in Shares, only the Shares used to settle the Stock Appreciation Right upon exercise shall count against the number of Shares available for Awards under the Plan. In addition, Shares subject to outstanding awards under the Prior Plan as of
the Approval Date that on or after the Approval Date are forfeited, canceled, surrendered or otherwise terminated without the issuance of such Shares shall be available for issuance or delivery under this Plan. Notwithstanding anything contained
herein to the contrary, Shares that are repurchased by the Company with Stock Option proceeds shall not be added back to the number of Shares reserved in Section 3(a). This Section 3(b) shall apply to the number of Shares reserved and
available for Incentive Stock Options only to the extent consistent with applicable Treasury regulations relating to Incentive Stock Options under the Code. 
 c. Per Participant Share Limits. Subject to adjustment as provided in Section 15 of the Plan, the following limits shall apply with respect to Awards that are intended to qualify for the
Performance-Based Exception: (i) the maximum aggregate number of Shares that may be subject to Stock Options or Stock Appreciation Rights granted in any calendar year to any one Participant shall be 750,000 Shares; (ii) the maximum
aggregate number of Restricted Shares granted in any calendar year to any one Participant shall be 250,000 Shares; (iii) the maximum aggregate number of shares that may be issued or delivered pursuant to Restricted Share Units or Other
Share-Based Awards granted in any calendar year to any one Participant shall be 250,000 Shares, provided that if the Restricted Share Units or Other Share-Based Awards are subject to a performance period of more than one year, the maximum shall
equal the product of 250,000 Shares and the full number of years in the performance period; and (iv) the maximum aggregate compensation that may be paid under a Cash-Based Award granted in any calendar year to

  
 4 

 
any one Participant shall be $5,000,000 or a number of Shares having an aggregate Fair Market Value not in excess of such amount, provided that if the Cash-Based Award is subject to a performance
period of more than one year, the maximum shall equal the product of $5,000,000 and the full number of years in the performance period. 
 4.
Administration of the Plan. 
 a. In General. The Plan shall be administered by the Committee. Except as otherwise
provided by the Board, the Committee shall have full and final authority in its discretion to take all actions determined by the Committee to be necessary in the administration of the Plan, including, without limitation, discretion to: select Award
recipients; determine the sizes and types of Awards; determine the terms and conditions of Awards in a manner consistent with the Plan; grant waivers of terms, conditions, restrictions and limitations applicable to any Award, or accelerate the
vesting or exercisability of any Award, in a manner consistent with the Plan; construe and interpret the Plan and any Award Agreement or other agreement or instrument entered into under the Plan; establish, amend, or waive rules and regulations for
the Plan’s administration; and take such other action, not inconsistent with the terms of the Plan, as the Committee deems appropriate. To the extent permitted by Applicable Laws, the Committee may, in its discretion, delegate to one or more
Directors or Employees any of the Committee’s authority under the Plan. The acts of any such delegates shall be treated hereunder as acts of the Committee with respect to any matters so delegated. 

b. Determinations. The Committee shall have no obligation to treat Participants or eligible Participants uniformly, and the Committee
may make determinations under the Plan selectively among Participants who receive, or Employees or Directors who are eligible to receive, Awards (whether or not such Participants or eligible Employees or Directors are similarly situated). All
determinations and decisions made by the Committee pursuant to the provisions of the Plan and all related orders and resolutions of the Committee shall be final, conclusive and binding on all persons, including the Company, its Subsidiaries, its
shareholders, Directors, Employees, Participants and their estates and beneficiaries. 
 c. Authority of the Board. The Board
may reserve to itself any or all of the authority or responsibility of the Committee under the Plan or may act as the administrator of the Plan for any and all purposes. To the extent the Board has reserved any such authority or responsibility or
during any time that the Board is acting as administrator of the Plan, it shall have all the powers of the Committee hereunder, and any reference herein to the Committee (other than in this Section 4(c)) shall include the Board. To the extent
that any action of the Board under the Plan conflicts with any action taken by the Committee, the action of the Board shall control. 
 5. Eligibility
and Participation. Each Employee and Director is eligible to participate in the Plan. Subject to the provisions of the Plan, the Committee may, from time to time, select from all eligible Employees and Directors those to whom Awards shall
be granted and shall determine, in its sole discretion, the nature of any and all terms permissible by Applicable Law and the amount of each Award. 

6. Stock Options. Subject to the terms and conditions of the Plan, Stock Options may be granted to Participants in such number, and upon such terms and
conditions, as shall be determined by the Committee in its sole discretion. 
 a. Award Agreement. Each Stock Option shall be
evidenced by an Award Agreement that shall specify the exercise price, the term of the Stock Option, the number of Shares covered by the Stock Option, the conditions upon which the Stock Option shall become vested and exercisable and such other
terms and conditions as the Committee shall determine and which are not inconsistent with the terms and conditions of the Plan. The Award Agreement also shall specify whether the Stock Option is intended to be an Incentive Stock Option or a
Nonqualified Stock Option. 
 b. Exercise Price. The exercise price per Share of a Stock Option shall be determined by the
Committee at the time the Stock Option is granted and shall be specified in the related Award Agreement; provided, however, that in no event shall the exercise price per Share of any Stock Option be less than one hundred percent
(100%) of the Fair Market Value of a Share on the Date of Grant. 
 c. Term. The term of a Stock Option shall be
determined by the Committee and set forth in the related Award Agreement; provided, however, that in no event shall the term of any Stock Option exceed ten (10) years from its Date of Grant. 

  
 5 

 d. Exercisability. Stock Options shall become vested and exercisable at such times and
upon such terms and conditions as shall be determined by the Committee and set forth in the related Award Agreement. Such terms and conditions may include, without limitation, the satisfaction of (a) performance goals based on one or more
Performance Objectives, and/or (b) time-based vesting requirements. 
 e. Exercise of Stock Options. Except as otherwise
provided in the Plan or in a related Award Agreement, a Stock Option may be exercised for all or any portion of the Shares for which it is then exercisable. A Stock Option shall be exercised by the delivery of a notice of exercise to the Company or
its designee in a form specified by the Company which sets forth the number of Shares with respect to which the Stock Option is to be exercised and full payment of the exercise price for such Shares. The exercise price of a Stock Option may be paid,
in the discretion of the Committee and as set forth in the applicable Award Agreement: (i) in cash or its equivalent; (ii) by tendering (either by actual delivery or attestation) previously acquired Shares having an aggregate Fair Market
Value at the time of exercise equal to the aggregate exercise price; (iii) by a cashless exercise (including by withholding Shares deliverable upon exercise and through a broker-assisted arrangement to the extent permitted by Applicable Laws);
(iv) by a combination of the methods described in clauses (i), (ii) and/or (iii); or (v) through any other method approved by the Committee in its sole discretion. As soon as practicable after receipt of the notification of exercise
and full payment of the exercise price, the Company shall cause the appropriate number of Shares to be issued to the Participant. 
 f.
Special Rules Applicable to Incentive Stock Options. Notwithstanding any other provision in the Plan to the contrary: 
 (i)
Incentive Stock Options may be granted only to Employees of the Company and its Subsidiaries. The terms and conditions of Incentive Stock Options shall be subject to and comply with the requirements of Section 422 of the Code. 

(ii) To the extent that the aggregate Fair Market Value of the Shares (determined as of the Date of Grant) with respect to which an Incentive Stock
Option is exercisable for the first time by any Participant during any calendar year (under all plans of the Company and its Subsidiaries) is greater than $100,000 (or such other amount specified in Section 422 of the Code), as calculated under
Section 422 of the Code, then the Stock Option shall be treated as a Nonqualified Stock Option. 
 (iii) No Incentive Stock Option
shall be granted to any Participant who, on the Date of Grant, is a Ten Percent Shareholder, unless (x) the exercise price per Share of such Incentive Stock Option is at least one hundred and ten percent (110%) of the Fair Market Value of
a Share on the Date of Grant, and (y) the term of such Incentive Stock Option shall not exceed five (5) years from the Date of Grant. 
 7.
Stock Appreciation Rights. Subject to the terms and conditions of the Plan, Stock Appreciation Rights may be granted to Participants in such number, and upon such terms and conditions, as shall be determined by the Committee in its sole
discretion. 
 a. Award Agreement. Each Stock Appreciation Right shall be evidenced by an Award Agreement that shall specify
the exercise price, the term of the Stock Appreciation Right, the number of Shares covered by the Stock Appreciation Right, the conditions upon which the Stock Appreciation Right shall become vested and exercisable and such other terms and
conditions as the Committee shall determine and which are not inconsistent with the terms and conditions of the Plan. 
 b. Exercise
Price. The exercise price per Share of a Stock Appreciation Right shall be determined by the Committee at the time the Stock Appreciation Right is granted and shall be specified in the related Award Agreement; provided, however, that
in no event shall the exercise price per Share of any Stock Appreciation Right be less than one hundred percent (100%) of the Fair Market Value of a Share on the Date of Grant. 

c. Term. The term of a Stock Appreciation Right shall be determined by the Committee and set forth in the related Award Agreement;
provided, however, that in no event shall the term of any Stock Appreciation Right exceed ten (10) years from its Date of Grant. 
 d. Exercisability of Stock Appreciation Rights. A Stock Appreciation Right shall become vested and exercisable at such times and upon such terms and conditions as may be determined by the Committee and
set forth in the related Award Agreement. Such terms and conditions may include, without limitation, the satisfaction of (i) performance goals based on one or more Performance Objectives, and/or (ii) time-based vesting requirements.

  
 6 

 e. Exercise of Stock Appreciation Rights. Except as otherwise provided in the Plan or in a
related Award Agreement, a Stock Appreciation Right may be exercised for all or any portion of the Shares for which it is then exercisable. A Stock Appreciation Right shall be exercised by the delivery of a notice of exercise to the Company or its
designee in a form specified by the Company which sets forth the number of Shares with respect to which the Stock Appreciation Right is to be exercised. Upon exercise, a Stock Appreciation Right shall entitle a Participant to an amount equal to
(a) the excess of (i) the Fair Market Value of a Share on the exercise date over (ii) the exercise price per Share, multiplied by (b) the number of Shares with respect to which the Stock Appreciation Right is exercised. A Stock
Appreciation Right may be settled in whole Shares, cash or a combination thereof, as specified by the Committee in the related Award Agreement. 
 8.
Restricted Shares. Subject to the terms and conditions of the Plan, Restricted Shares may be granted or sold to Participants in such number, and upon such terms and conditions, as shall be determined by the Committee in its sole discretion.

 a. Award Agreement. Each Restricted Shares Award shall be evidenced by an Award Agreement that shall specify the number of
Restricted Shares, the restricted period(s) applicable to the Restricted Shares, the conditions upon which the restrictions on the Restricted Shares will lapse and such other terms and conditions as the Committee shall determine and which are not
inconsistent with the terms and conditions of the Plan. 
 b. Terms, Conditions and Restrictions. The Committee shall impose
such other terms, conditions and/or restrictions on any Restricted Shares as it may deem advisable, including, without limitation, a requirement that the Participant pay a purchase price for each Restricted Share, restrictions based on the
achievement of specific Performance Objectives, time-based restrictions or holding requirements or sale restrictions placed on the Shares by the Company upon vesting of such Restricted Shares. Unless otherwise provided in the related Award Agreement
or required by applicable law, the restrictions imposed on Restricted Shares shall lapse upon the expiration or termination of the applicable restricted period and the satisfaction of any other applicable terms and conditions. Subject to Sections 18
and 20 of the Plan, or as otherwise provided in the related Award Agreement in connection with a Change in Control or a Participant’s death, disability, retirement, involuntary termination of employment or service without Cause or termination
of employment or service for good reason, (i) no condition on vesting of Restricted Shares that is based upon the achievement of Performance Objectives shall be based on performance over a period of less than one year, and (ii) no
condition on vesting of Restricted Shares that is based solely upon continued employment or service shall provide for vesting in full of the Restricted Shares more quickly than three (3) years from the Date of Grant of the Award (which vesting
period may lapse on a pro-rated, graded, or cliff basis as specified in the Award Agreement); provided, however, that up to five percent (5%) of the Shares available for grant as Restricted Shares (together with all other Shares
available for grant as Full Value Awards) may be granted with a vesting period of at least one (1) year, regardless of whether vesting is conditioned upon the achievement of Performance Objectives; provided further that these minimum
vesting provisions shall not apply to any grant of Restricted Shares to Directors. 
 c. Custody of Certificates. To the
extent deemed appropriate by the Committee, the Company may retain the certificates, if any, representing Restricted Shares in the Company’s possession until such time as all terms, conditions and/or restrictions applicable to such Shares have
been satisfied or lapse. 
 d. Rights Associated with Restricted Shares during Restricted Period. During any restricted period
applicable to Restricted Shares: (i) the Restricted Shares may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated; (ii) unless otherwise provided in the related Award Agreement, the Participant shall be
entitled to exercise full voting rights associated with such Restricted Shares; and (iii) the Participant shall be entitled to all dividends and other distributions paid with respect to such Restricted Shares during the restricted period. The
Award Agreement may require that receipt of any dividends or other distributions with respect to the Restricted Shares shall be subject to the same terms and conditions as the Restricted Shares with respect to which they are paid. Notwithstanding
the preceding sentence, dividends or other distributions with respect to Restricted Shares that vest based on the achievement of Performance Objectives shall be accumulated until such Award is earned, and the dividends or other distributions shall
not be paid if the Performance Objectives are not satisfied. 

  
 7 

 9. Restricted Share Units. Subject to the terms and conditions of the Plan, Restricted Share Units may be
granted or sold to Participants in such number, and upon such terms and conditions, as shall be determined by the Committee in its sole discretion. 
 a. Award Agreement. Each Restricted Share Unit Award shall be evidenced by an Award Agreement that shall specify the number of units, the restricted period(s) applicable to the Restricted Share Units,
the conditions upon which the restrictions on the Restricted Share Units will lapse, the time and method of payment of the Restricted Share Units, and such other terms and conditions as the Committee shall determine and which are not inconsistent
with the terms and conditions of the Plan. 
 b. Terms, Conditions and Restrictions. The Committee shall impose such other
terms, conditions and/or restrictions on any Restricted Share Units as it may deem advisable, including, without limitation, a requirement that the Participant pay a purchase price for each Restricted Share Unit, restrictions based on the
achievement of specific Performance Objectives and/or time-based restrictions or holding requirements. Subject to Sections 18 and 20 of the Plan, or as otherwise provided in the related Award Agreement in connection with a Change in Control or a
Participant’s death, disability, retirement, involuntary termination of employment or service without Cause or termination of employment or service for good reason, (i) no condition on vesting of Restricted Share Units that is based upon
the achievement of Performance Objectives shall be based on performance over a period of less than one year, and (ii) no condition on vesting of Restricted Share Units that is based solely upon continued employment or service shall provide for
vesting in full of the Restricted Share Units more quickly than three (3) years from the Date of Grant of the Award (which vesting period may lapse on a pro-rated, graded, or cliff basis as specified in the Award Agreement); provided,
however, that up to five percent (5%) of the Shares available for grant as Restricted Share Units (together with all other Shares available for grant as Full Value Awards) may be granted with a vesting period of at least one
(1) year, regardless of whether vesting is conditioned upon the achievement of Performance Objectives; provided further that these minimum vesting provisions shall not apply to any grant of Restricted Share Units to Directors.

 c. Form of Settlement. Restricted Share Units may be settled in whole Shares, cash or a combination thereof, as specified
by the Committee in the related Award Agreement. 
 d. Dividend Equivalents. Restricted Share Units may provide the
Participant with dividend equivalents, on either a current or deferred or contingent basis, and either in cash or in additional Shares, as determined by the Committee in its sole discretion and set forth in the related Award Agreement;
provided that dividend equivalents with respect to Restricted Share Units that vest based on the achievement of Performance Objectives shall be accumulated until such Award is earned, and the dividend equivalents shall not be paid if the
Performance Objectives are not satisfied. 
 10. Other Share-Based Awards. Subject to the terms and conditions of the Plan, Other Share-Based
Awards may be granted to Participants in such number, and upon such terms and conditions, as shall be determined by the Committee in its sole discretion. Other Share-Based Awards are Awards that are valued in whole or in part by reference to, or
otherwise based on the Fair Market Value of, Shares, and shall be in such form as the Committee shall determine, including without limitation, time-based or performance-based units that are settled in Shares and/or cash and stock equivalent units.

 a. Award Agreement. Each Other Share-Based Award shall be evidenced by an Award Agreement that shall specify the terms and
conditions upon which the Other Share-Based Award shall become vested, if applicable, the time and method of settlement, the form of settlement and such other terms and conditions as the Committee shall determine and which are not inconsistent with
the terms and conditions of the Plan. Subject to Sections 18 and 20 of the Plan, or as otherwise provided in the related Award Agreement in connection with a Change in Control or a Participant’s death, disability, retirement, involuntary
termination of employment or service without Cause or termination of employment or service for good reason, (i) no condition on vesting of an Other Share-Based Award that is based solely upon the achievement of Performance Objectives shall be
based on performance over a period of less than one year, and (ii) no condition on vesting of an Other Share-Based Award that is based upon continued employment or service shall provide for vesting in full of the Other Share-Based Award more
quickly than three (3) years from the Date of Grant of the Award (which vesting period may lapse on a pro-rated, 

  
 8 

 
graded, or cliff basis as specified in the Award Agreement); provided, however, that up to five percent (5%) of the Shares available for grant as Other Share-Based Awards
(together with all other Shares available for grant as Full Value Awards) may be granted with a vesting period of at least one (1) year, regardless of whether vesting is conditioned upon the achievement of Performance Objectives; provided
further that these minimum vesting provisions shall not apply to any grant of Other Share-Based Awards to Directors. 
 b. Form of
Settlement. An Other Share-Based Award may be settled in whole Shares, cash or a combination thereof, as specified by the Committee in the related Award Agreement. 
 c. Dividend Equivalents. Other Share-Based Awards may provide the Participant with dividend equivalents, on either a current or deferred or contingent basis, and either in cash or in additional Shares,
as determined by the Committee in its sole discretion and set forth in the related Award Agreement; provided that dividend equivalents with respect to Other Share-Based Awards that vest based on the achievement of Performance Objectives shall
be accumulated until such Award is earned, and the dividend equivalents shall not be paid if the Performance Objectives are not satisfied. 
 11.
Cash-Based Awards. Subject to the terms and conditions of the Plan, Cash-Based Awards may be granted to Participants in such amounts and upon such other terms and conditions as shall be determined by the Committee in its sole discretion.
Each Cash-Based Award shall be evidenced by an Award Agreement that shall specify the payment amount or payment range, the time and method of settlement and the other terms and conditions, as applicable, of such Award which may include, without
limitation, restrictions based on the achievement of specific Performance Objectives. 
 12. Compliance with Section 409A. Awards granted
under the Plan shall be designed and administered in such a manner that they are either exempt from the application of, or comply with, the requirements of Section 409A of the Code. To the extent that the Committee determines that any award
granted under the Plan is subject to Section 409A of the Code, the Award Agreement shall incorporate the terms and conditions necessary to avoid the imposition of an additional tax under Section 409A of the Code upon a Participant.
Notwithstanding any other provision of the Plan or any Award Agreement (unless the Award Agreement provides otherwise with specific reference to this Section): (i) an Award shall not be granted, deferred, accelerated, extended, paid out,
settled, substituted or modified under the Plan in a manner that would result in the imposition of an additional tax under Section 409A of the Code upon a Participant; and (ii) if an Award is subject to Section 409A of the Code, and
if the Participant holding the award is a “specified employee” (as defined in Section 409A of the Code, with such classification to be determined in accordance with the methodology established by the Company), then, to the extent
required to avoid the imposition of an additional tax under Section 409A of the Code upon a Participant, no distribution or payment of any amount shall be made before the date that is six (6) months following the date of such
Participant’s “separation from service” (as defined in Section 409A of the Code) or, if earlier, the date of the Participant’s death. Although the Company intends to administer the Plan so that Awards will be exempt from, or
will comply with, the requirements of Section 409A of the Code, the Company does not warrant that any Award under the Plan will qualify for favorable tax treatment under Section 409A of the Code or any other provision of federal, state,
local, or non-United States law. The Company shall not be liable to any Participant for any tax, interest, or penalties the Participant might owe as a result of the grant, holding, vesting, exercise, or payment of any Award under the Plan.

 13. Compliance with Section 162(m). 
 a. In General. Notwithstanding anything in the Plan to the contrary, Awards may be granted in a manner that is intended to qualify for the Performance-Based Exception. As determined by the Committee in
its sole discretion, the grant, vesting, exercisability and/or settlement of any Restricted Shares, Restricted Share Units Other Share-Based Awards and Cash-Based Awards intended to qualify for the Performance-Based Exception shall be conditioned on
the attainment of one or more Performance Objectives during a performance period established by the Committee and must satisfy the requirements of this Section 13. 
 b. Performance Objectives. If an Award is intended to qualify for the Performance-Based Exception, then the Performance Objectives shall be based on specified levels of or growth in one or more of the
following criteria: return on net assets, return on capital employed, economic value added, sales, revenue, earnings per share, operating income, net income, earnings before interest and taxes,

  
 9 

 
return on equity, total shareholder return, market valuation, cash flow, completion of acquisitions, product and market development, inventory management, working capital management and customer
satisfaction. The foregoing business criteria may be clarified by reasonable definitions adopted from time to time by the Committee, which may include or exclude any items as the Committee may specify, including but not limited to: extraordinary,
unusual or non-recurring items; effects of accounting changes; effects of currency fluctuations; effects of financing activities; effects relating to the impairment of goodwill or other intangible assets; expenses for restructuring or productivity
initiatives; non-operating items; acquisition expenses; and effects of acquisitions, divestitures or reorganizations. 
 c.
Establishment of Performance Goals. With respect to Awards intended to qualify for the Performance-Based Exception, the Committee shall establish: (i) the applicable Performance Objectives and performance period, and (ii) the
formula for computing the payout. Such terms and conditions shall be established in writing while the outcome of the applicable performance period is substantially uncertain, but in no event later than the earlier of: (x) ninety days after the
beginning of the applicable performance period; or (y) the expiration of twenty-five percent (25%) of the applicable performance period. 
 d. Certification of Performance. With respect to any Award intended to qualify for the Performance-Based Exception, the Committee shall certify in writing whether the applicable Performance Objectives
and other material terms imposed on such Award have been satisfied, and, if they have, ascertain the amount of the payout or vesting of the Award. Notwithstanding any other provision of the Plan, payment or vesting of any such Award shall not be
made until the Committee certifies in writing that the applicable Performance Objectives and any other material terms of such Award were in fact satisfied in a manner conforming to applicable regulations under Section 162(m) of the Code.

 e. Negative Discretion. With respect to any Award intended to qualify for the Performance-Based Exception, after the date
that the Performance Objectives are required to be established in writing pursuant to Section 13(c), the Committee shall not have discretion to increase the amount of compensation that is payable upon achievement of the designated Performance
Objectives. However, the Committee may, in its sole discretion, reduce the amount of compensation that is payable upon achievement of the designated Performance Objectives. 
 14. Transferability. Except as otherwise determined by the Committee, no Award or dividend equivalents paid with respect to any Award shall be transferable by the Participant except by will or the laws
of descent and distribution; provided, that if so determined by the Committee, each Participant may, in a manner established by the Board or the Committee, designate a beneficiary to exercise the rights of the Participant with respect to any
Award upon the death of the Participant and to receive Shares or other property issued or delivered under such Award. Except as otherwise determined by the Committee, Stock Options and Stock Appreciation Rights will be exercisable during a
Participant’s lifetime only by the Participant or, in the event of the Participant’s legal incapacity to do so, by the Participant’s guardian or legal representative acting on behalf of the Participant in a fiduciary capacity under
state law and/or court supervision. 
 15. Adjustments. In the event of any equity restructuring (within the meaning of Financial Accounting
Standards Board Accounting Standards Codification Topic 718, Compensation – Stock Compensation), such as a stock dividend, stock split, reverse stock split, spinoff, rights offering, or recapitalization through a large, nonrecurring cash
dividend, the Committee shall cause there to be an equitable adjustment in the numbers of Shares specified in Section 3 of the Plan and, with respect to outstanding Awards, in the number and kind of Shares subject to outstanding Awards and the
exercise price or other price of Shares subject to outstanding Awards, in each case to prevent dilution or enlargement of the rights of Participants. In the event of any other change in corporate capitalization, or in the event of a merger,
consolidation, liquidation, or similar transaction, the Committee may, in its sole discretion, cause there to be an equitable adjustment as described in the foregoing sentence, to prevent dilution or enlargement of rights; provided,
however, that, unless otherwise determined by the Committee, the number of Shares subject to any Award shall always be rounded down to a whole number. Notwithstanding the foregoing, the Committee shall not make any adjustment pursuant to this
Section 15 that would (i) cause any Stock Option intended to qualify as an ISO to fail to so qualify, (ii) cause an Award that is otherwise exempt from Section 409A of the Code to become subject to Section 409A, or
(iii) cause an Award that is subject to Section 409A of the Code to fail to satisfy the requirements of Section 409A. The determination of the Committee as to the foregoing adjustments, if any, shall be conclusive and binding on all
Participants and any other persons claiming under or through any Participant. 

  
 10 

 16. Fractional Shares. The Company shall not be required to issue or deliver any fractional Shares
pursuant to the Plan and, unless otherwise provided by the Committee, fractional shares shall be settled in cash. 
 17. Withholding Taxes. To
the extent required by Applicable Law, a Participant shall be required to satisfy, in a manner satisfactory to the Company or Subsidiary, as applicable, any withholding tax obligations that arise by reason of a Stock Option or Stock Appreciation
Right exercise, the vesting of or settlement of Shares under an Award, an election pursuant to Section 83(b) of the Code or otherwise with respect to an Award. The Company and its Subsidiaries shall not be required to issue or deliver Shares,
make any payment or to recognize the transfer or disposition of Shares until such obligations are satisfied. The Committee may permit or require these obligations to be satisfied by having the Company withhold a portion of the Shares that otherwise
would be issued or delivered to a Participant upon exercise of a Stock Option or Stock Appreciation Right or upon the vesting or settlement of an Award, or by tendering Shares previously acquired, in each case having a Fair Market Value equal to the
minimum amount required to be withheld or paid. Any such elections are subject to such conditions or procedures as may be established by the Committee and may be subject to disapproval by the Committee. 

18. Foreign Employees. Without amending the Plan, the Committee may grant Awards to Participants who are foreign nationals, or who are subject to
Applicable Laws of one or more non-United States jurisdictions, on such terms and conditions different from those specified in the Plan as may in the judgment of the Committee be necessary or desirable to foster and promote achievement of the
purposes of the Plan, and, in furtherance of such purposes, the Committee may make such modifications, amendments, procedures, and the like as may be necessary or advisable to comply with provisions of Applicable Laws of other countries in which the
Company or its Subsidiaries operate or have employees. 
 19. Termination for Cause; Forfeiture of Awards. If a Participant’s employment
or service is terminated by the Company or a Subsidiary for Cause, as determined by the Committee in its sole discretion, then the Participant shall forfeit all Awards granted under the Plan to the extent then held by the Participant. In addition,
any Award granted to a Participant shall be subject to forfeiture or repayment pursuant to the terms of any applicable compensation recovery policy adopted by the Company, including any such policy that may be adopted to comply with the Dodd-Frank
Wall Street Reform and Consumer Protection Act or any rules or regulations issued by the Securities and Exchange Commission or applicable securities exchange. 
 20. Change in Control and Potential Change in Control. 
 a. Change in Control. In
the event of a Change in Control: (x) all outstanding Awards held by the Participant that may be exercised shall become fully exercisable and shall remain exercisable for the full duration of their term effective immediately prior to the Change
in Control, (y) all restrictions with respect to outstanding Awards shall lapse effective immediately prior to the Change in Control, with any specified Performance Objectives with respect to outstanding Awards deemed to be satisfied at the
“target” level, and (z) all outstanding Awards shall become fully vested effective immediately prior to the Change in Control. 
 b. Potential Change in Control. In the event of a Potential Change in Control, all Awards shall continue to vest during the applicable vesting period, if any. Notwithstanding the preceding sentence, if
a Participant incurs a Qualified Termination during the Potential Change in Control Protection Period, then upon such termination: (x) all outstanding Awards held by the Participant that may be exercised shall become fully exercisable and shall
remain exercisable for the full duration of their term, (y) all restrictions with respect to outstanding Awards shall lapse, with any specified Performance Objectives with respect to outstanding Awards deemed to be satisfied at the
“target” level, and (z) all outstanding Awards shall become fully vested. 
 c. Cancellation Right. The
Committee may, in its sole discretion and without the consent of Participants, either by the terms of the Award Agreement applicable to any Award or by resolution adopted prior to the occurrence of a Change in Control or Potential Change in Control,
provide that any outstanding Award (or a portion thereof) shall, upon the occurrence of such Change in Control or Potential Change in Control, be cancelled in exchange for a payment in cash or other property (including

  
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shares of the resulting entity in connection with a Change in Control) in an amount equal to the excess, if any, of the Fair Market Value of the Shares subject to the Award, over any exercise
price related to the Award, which amount may be zero if the Fair Market Value of a Share on the date of the Change in Control or Potential Change in Control does not exceed the exercise price per Share of the applicable Awards. 

21. Amendment, Modification and Termination. 

a. In General. The Board may at any time and from time to time, alter, amend, suspend or terminate the Plan in whole or in part;
provided, however, that no alteration or amendment that requires shareholder approval in order for the Plan to comply with any rule promulgated by the SEC or any securities exchange on which Shares are listed or any other Applicable
Laws shall be effective unless such amendment shall be approved by the requisite vote of shareholders of the Company entitled to vote thereon within the time period required under such applicable listing standard or rule. 

b. Adjustments to Outstanding Awards. The Committee may in its sole discretion at any time (i) provide that all or a portion of a
Participant’s Stock Options, Stock Appreciation Rights and other Awards in the nature of rights that may be exercised shall become fully or partially exercisable; (ii) provide that all or a part of the time-based vesting restrictions on
all or a portion of the outstanding Awards shall lapse, and/or that any Performance Objectives or other performance-based criteria with respect to any Awards shall be deemed to be wholly or partially satisfied; or (iii) waive any other
limitation or requirement under any such Award, in each case, as of such date as the Committee may, in its sole discretion, declare. Unless otherwise determined by the Committee, any such adjustment that is made with respect to an Award that is
intended to qualify for the Performance-Based Exception shall be made at such times and in such manner as will not cause such Awards to fail to qualify under the Performance-Based Exception. Additionally, the Committee shall not make any adjustment
pursuant to this Section 21(b) that would cause an Award that is otherwise exempt from Section 409A of the Code to become subject to Section 409A, or that would cause an Award that is subject to Section 409A of the Code to fail
to satisfy the requirements of Section 409A. 
 c. Prohibition on Repricing. Except for adjustments made pursuant to
Sections 15 or 20, the Board or the Committee will not, without the further approval of the shareholders of the Company, authorize the amendment of any outstanding Stock Option or Stock Appreciation Right to reduce the exercise price. No Stock
Option or Stock Appreciation Right will be cancelled and replaced with an Award having a lower exercise price, or for another Award, or for cash without further approval of the shareholders of the Company, except as provided in Sections 15 or 20.
Furthermore, no Stock Option or Stock Appreciation Right will provide for the payment, at the time of exercise, of a cash bonus or grant or sale of another Award without further approval of the shareholders of the Company. This Section 21(c) is
intended to prohibit the repricing of “underwater” Stock Options or Stock Appreciation Rights without shareholder approval and will not be construed to prohibit the adjustments provided for in Sections 15 or 20. 

d. Effect on Outstanding Awards. Notwithstanding any other provision of the Plan to the contrary (other than Sections 15, 20,
21(b) and 23(d)), no termination, amendment, suspension, or modification of the Plan or an Award Agreement shall adversely affect in any material way any Award previously granted under the Plan, without the written consent of the Participant holding
such Award; provided that the Committee may modify an ISO held by a Participant to disqualify such Stock Option from treatment as an “incentive stock option” under Section 422 of the Code without the Participant’s consent.

 22. Applicable Laws. The obligations of the Company with respect to Awards under the Plan shall be subject to all Applicable Laws and such
approvals by any governmental agencies as the Committee determines may be required. The Plan and each Award Agreement shall be governed by the laws of the State of Ohio, excluding any conflicts or choice of law rule or principle that might otherwise
refer construction or interpretation of the Plan to the substantive law of another jurisdiction. 
 23. Miscellaneous. 

a. Deferral of Awards. Except with respect to Stock Options, Stock Appreciation Rights and Restricted Shares, the Committee may permit
Participants to elect to defer the issuance or delivery of Shares or the settlement of Awards in cash under the Plan pursuant to such rules, procedures or programs as it may establish for purposes of the Plan. The Committee also may provide that
deferred issuances and settlements include the payment or crediting of dividend equivalents or interest on the 

  
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deferral amounts. All elections and deferrals permitted under this provision shall comply with Section 409A of the Code, including setting forth the time and manner of the election
(including a compliant time and form of payment), the date on which the election is irrevocable, and whether the election can be changed until the date it is irrevocable. 
 b. No Right of Continued Employment. The Plan shall not confer upon any Participant any right with respect to continuance of employment or other service with the Company or any Subsidiary, nor shall it
interfere in any way with any right the Company or any Subsidiary would otherwise have to terminate such Participant’s employment or other service at any time. No Employee or Director shall have the right to be selected to receive an Award
under the Plan, or, having been so selected, to be selected to receive future Awards. 
 c. Unfunded, Unsecured Plan. Neither
a Participant nor any other person shall, by reason of participation in the Plan, acquire any right or title to any assets, funds or property of the Company or any Subsidiary, including without limitation, any specific funds, assets or other
property which the Company or any Subsidiary may set aside in anticipation of any liability under the Plan. A Participant shall have only a contractual right to an Award or the amounts, if any, payable under the Plan, unsecured by any assets of the
Company or any Subsidiary, and nothing contained in the Plan shall constitute a guarantee that the assets of the Company or any Subsidiary shall be sufficient to pay any benefits to any person. 

d. Severability. If any provision of the Plan is or becomes invalid, illegal or unenforceable in any jurisdiction, or would disqualify
the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended or limited in scope to conform to Applicable Laws or, in the discretion of the Committee, it shall be stricken and the
remainder of the Plan shall remain in full force and effect. 
 e. Acceptance of Plan. By accepting any benefit under the
Plan, each Participant and each person claiming under or through any such Participant shall be conclusively deemed to have indicated their acceptance and ratification of, and consent to, all of the terms and conditions of the Plan and any action
taken under the Plan by the Committee, the Board or the Company, in any case in accordance with the terms and conditions of the Plan. 

f. Successors. All obligations of the Company under the Plan and with respect to Awards shall be binding on any successor to the
Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or other event, or a sale or disposition of all or substantially all of the business and/or assets of the Company and references
to the “Company” herein and in any Award agreements shall be deemed to refer to such successors. 
 [END OF DOCUMENT] 

  
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