Document:

exv10w16

Exhibit 10.16

METALICO, INC.

DEFERRED STOCK

AWARD AGREEMENT

          
This Deferred Stock Award Agreement (this “Agreement”) is
made as of
                    ,
20     (the “Date of
Grant”) between Metalico, Inc. (the “Company”), and
             
           (“Grantee”). This Agreement is made
pursuant to the Company’s 2006 Long-Term Incentive Plan (the
“Plan”), the terms and provisions of which are
incorporated herein by reference.

          1. Deferred Stock Award: The Company hereby grants to Grantee and Grantee hereby accepts, on
the terms and conditions hereinafter set forth, the right (the “Award”) to receive

_________________________ (___________) shares (“Shares”)

of the Company’s Stock (as defined in Section 2 of the Plan) (the “Deferred Stock”) on the terms
and conditions of the Plan and this Agreement, to be issued in three equal tranches as follows:

	 	•	 	1/3 of the Shares (“Tranche 1”) to be issued __________, 20__ (“Settlement Date 1”)
	 
	 	•	 	1/3 of the Shares (“Tranche 2”) to be issued __________, 20__ (“Settlement Date 2”)
	 
	 	•	 	1/3 of the Shares (“Tranche 3”) to be issued __________, 20__ (“Settlement Date 3”)

Notwithstanding anything in this Agreement to the contrary, this grant shall be rescinded and no
longer of any force or effect if the Grantee does not execute and return this Agreement to the
Company by ___________, 20_.

          2. Vesting: Subject to the terms and restrictions set forth in the Plan and Sections 5 and 6
of this Agreement, the Shares in Tranche 1 (with Tranche 2 and Tranche 3, each a “Tranche”) will
become vested on Settlement Date 1 (with Settlement Date 2 and Settlement Date 3, each a
“Settlement Date”), the Shares in Tranche 2 will become vested on Settlement Date 2, and the Shares
in Tranche 3 will become vested on Settlement Date 3. Grantee will have the rights of a
shareholder only as to shares actually issued to Grantee and not with respect to Shares subject to
the Award but not issued to Grantee.

          3. Certificates; Book Entry: As soon as practicable after each Settlement Date and subject to
the terms of the Plan and this Agreement, the Company will issue the Shares in the applicable
Tranche and either (i) cause a certificate evidencing such Shares to be issued and registered in
Grantee’s name on the stock transfer books of the Company and delivered to Grantee at Grantee’s
last address filed with the Company, or (ii) if directed by Grantee, cause such Shares to be
transferred to and registered electronically by book entry in a brokerage account designated by
Grantee.

          4. Employment with the Company: Except as may otherwise be provided in Section 5 of this
Agreement, each Tranche of the Deferred Stock granted hereunder is granted on the condition that
Grantee remains an employee of the Company or a subsidiary of the Company during the period from
the Date of Grant through (and including) the applicable Settlement Date. By way of illustration:
(a) if Grantee’s employment terminates before Settlement Date 1, Grantee will not be entitled to
any of the Deferred Stock; (b) if Grantee’s employment terminates after Settlement Date 1 but
before Settlement Date 2, Grantee will be entitled to all Shares of Deferred Stock in Tranche 1 but
no Shares in Tranche 2 or Tranche 3; and (c) if Grantee’s employment terminates after Settlement
Date 2 but before Settlement Date 3, Grantee will be entitled to all Shares of Deferred Stock in
Tranche 1 and Tranche 2 but no Shares in Tranche 3. For purposes of this Agreement, the term
“employee” is understood to include any “Eligible Person” (as that term is defined in the Plan)
granted an Award hereunder regardless of status as an employee, consultant, or otherwise as
permitted under the Plan, and the term “employment” is understood to include any arrangement for
the provision of services to the Company or its subsidiaries as contemplated under the eligibility
provisions of the Plan.

 

 

     5. Acceleration of Vesting:

          (a) Termination of Employment Due to Death or Disability. If Grantee’s employment
termination occurs due to Grantee’s death or Disability (as defined in Section 2 of the
Plan), all remaining Tranches of Deferred Stock awarded to Grantee on the date of such
employment termination will immediately become vested as of such date without regard to any
deferral and such date will be deemed a Settlement Date for purposes of Section 3 of this
Agreement.

          (b) Change in Control. In accordance with the terms and restrictions of Section 9 of
the Plan, if there is a Change in Control of the Company (as defined in Section 9(c) of the
Plan), all remaining Tranches of Deferred Stock awarded to Grantee will become fully vested
as of the time of the Change in Control, subject to applicable restrictions set forth in
Section 11(a) of the Plan, without regard to any termination of employment or service by
Grantee other than a termination for Cause and without regard to any deferral. The date of
such Change in Control will be deemed a Settlement Date for purposes of Section 3 of this
Agreement.

     6. Forfeiture:

          (a) Termination of Employment for Cause or Upon Occurrence of Forfeiture Event. In
accordance with the terms and restrictions of Section 10 of the Plan, if Grantee’s
employment is terminated for Cause (as defined in Section 2 of the Plan), or if any other
Forfeiture Event occurs (as defined in Section 10 of the Plan), including but not limited to
Grantee’s violation of the material terms of any employment or other agreement entered into
with the Company, the Deferred Stock, whether or not vested or issued, will be immediately
forfeited and canceled. Furthermore, Grantee will be subject to the forfeiture provisions
of Section 10 of the Plan and, in accordance therewith, will be obligated to repay the
Company the total amount of Award Gain (as defined in Section 10(a)(ii) of the Plan)
realized by Grantee.

          (b) Termination of Employment for Other Than Cause, Death or Disability. If Grantee’s
employment with the Company is terminated for other than Cause, death or Disability,
Grantee’s right to any Tranche which is not vested as of Grantee’s employment termination
date will become immediately cancelled and of no further force or effect upon the date of
the termination of Grantee’s employment.

     7. Non-Transferable: Subject to the terms and restrictions of Section 11(b) of the Plan,
Grantee may not transfer rights in or to any unvested Shares of the Deferred Stock except by will
or the laws of descent and distribution. Rights in or to unvested Shares will not be otherwise
transferred, assigned, pledged, hypothecated or encumbered or subject to any lien, obligation or
liability of Grantee to any party (other than the Company or a subsidiary or affiliate thereof),
whether by operation of law or otherwise. Any attempted transfer, assignment, pledge,
hypothecation or other disposition of unvested Shares contrary to the provisions of the Plan or
this Agreement, or the levy of any execution, attachment or similar process upon unvested Shares,
will be null and void and without effect. Vested Shares of Deferred Stock issued hereunder will
not be subject to any additional transfer restrictions.

     8. Adjustments and Corporate Reorganizations: In the event that any large, special and
non-recurring dividend or other recapitalization, forward or reverse split, stock dividend,
reorganization, merger, consolidation, spin-off, combination, repurchase, share exchange,
liquidation, dissolution or other similar corporate transaction or event affects the unvested
Deferred Stock such that an adjustment is determined by the Committee (as defined in the Plan) to
be appropriate under the Plan, then the Committee will, in such manner as it may deem equitable,
make certain adjustments in accordance with the terms of Section 11(c) of the Plan, including but
not necessarily limited to any or all of the following: (a) adjustment to the number and kind of
shares of Deferred Stock, and (b) if deemed appropriate, the Committee may make provision for a
payment of cash or property to the holder of unvested Shares of Deferred Stock (subject to Section
11(k) of the Plan). The Committee’s determinations as to what adjustments will be made, and the
extent thereof, will be final, binding and conclusive.

 Page 2

 

     9. Taxes:

          (a) Withholding. Grantee will be liable for any and all taxes, including withholding
taxes, arising out of the Award and the vesting and issuance of Shares of Deferred Stock
hereunder. Grantee will pay to the Company promptly upon request, and in any event at the
time Grantee recognizes taxable income in respect of all or any Tranche of the Deferred
Stock, an amount equal to the taxes the Company determines it is required to withhold under
applicable tax laws with respect to such Deferred Stock. Such payment will be made in the
form of cash in an amount equal to such withholding liability, provided that the Committee
may, in its sole discretion, to the extent permitted by applicable law, allow such
withholding obligation to be satisfied by any other method described in Section 11(d) of the
Plan.

          (b) Section 83(b) Election. Grantee may elect to be immediately taxed on the Deferred
Stock provided in the Award under Internal Revenue Code (“Code”) Section 83(b), “Property
transferred in connection with performance of services/Election to include in gross income
in year of transfer.” Grantee will notify the Company of such election within thirty (30)
days of the Date of Grant.

          (c) Section 409A. To the extent applicable, this Agreement will be interpreted in
accordance with Section 409A of the Code and Department of Treasury regulations and other
interpretive guidance issued thereunder, including without limitation any such regulations
or guidance that may be issued after the Date of Grant. Without limiting the authority of
the Committee under the terms of the Plan to make modifications to the Award of Deferred
Stock hereunder by reason of changes in law or circumstances that would result in any
substantial dilution or enlargement of the rights granted to, or available for, Grantee in
respect of this Award or otherwise as a participant in the Plan or which otherwise warrants
equitable adjustment to the terms and conditions of this Award because such event interferes
with the operation of the Plan, and notwithstanding any provision of this Agreement to the
contrary, in the event that the Committee or an authorized officer of the Company determines
that any amounts will be immediately taxable to Grantee under Section 409A of the Code and
related Department of Treasury guidance (or subject Grantee to a penalty tax) in connection
with the Award or vesting of Deferred Stock hereunder or any other provision of this
Agreement or the Plan, the Company may (a) adopt such amendments to the Award, including
amendments to this Agreement (having prospective or retroactive effect), that the Committee
or such authorized officer determines to be necessary or appropriate to preserve the
intended tax treatment of the Award hereunder and/or (b) take such other actions as the
Committee or such authorized officer determines to be necessary or appropriate to comply
with the requirements of Section 409A of the Code and related Department of Treasury
guidance, including such Department of Treasury guidance and other interpretive materials as
may be issued after the Date of Grant.

     10. No Rights as Grantee: This Agreement is not an employment agreement and no provisions
hereof should be interpreted as such. No provisions of this Agreement will provide Grantee with
any guarantee of future employment or confer any right to continue as an employee of the Company.
Nothing in this Agreement will interfere in any way with the right of the Company to terminate
Grantee’s employment at any time. All matters concerning the employment relationship between the
Company and Grantee will be governed by applicable law and the terms of a separate employment
agreement, if any, between the parties.

     11. Requirements of Law and of Stock Exchanges: The Board of Directors of the Company (the
“Board”) will have the right to impose such restrictions on any shares granted pursuant to this
Agreement as it may deem advisable, including restrictions under applicable federal securities law,
under the requirements of any stock exchange or market upon which such shares are then listed
and/or traded, and under any blue sky or state securities laws applicable to such shares. Grantee
agrees to take all steps necessary to comply with all applicable provisions of federal and state
securities laws in exercising his or her rights under this Agreement. This Agreement will be
subject to all applicable laws, rules and regulations and to such approvals by any governmental
agencies or national securities exchanges as may be required.

     12. Miscellaneous:

          (a) Further Assurances. The parties agree to execute such further instruments and to
take such action as may reasonably be necessary to carry out the intent of this Agreement.

 Page 3

 

          (b) Confidentiality of the Agreement. Grantee agrees to keep confidential the terms of
this Agreement, unless and until such terms have been disclosed publicly other than through
a breach by Grantee of this covenant, provided that this provision will not prohibit Grantee
from providing this information on a confidential and privileged basis to Grantee’s
attorneys or accountants for purposes of obtaining legal or tax advice or as otherwise
required by law.

          (c) Waiver. Any right of the Company contained in this Agreement may be waived in
writing by the Board. No waiver of any right hereunder by any party will operate as a waiver
of any other right, or as a waiver of the same right with respect to any subsequent occasion
for its exercise, or as a waiver of any right to damages. No waiver by any party of any
breach of this Agreement will be held to constitute a waiver of any other breach or a waiver
of the continuation of the same breach.

          (d) Notices. Any notice hereunder by Grantee will be given to the Company in writing
and such notice will be deemed duly given only upon receipt thereof at the Company’s
principal offices located at 186 North Avenue East, Cranford, New Jersey 07016, or at such
other address as the Company may designate by notice to Grantee. Any notice hereunder by
the Company will be given to Grantee in writing and such notice will be deemed duly given
only upon receipt thereof at the address set forth below Grantee’s signature to this
Agreement or at such other address as Grantee may designate by notice to the Company.

          (e) Construction. The construction of this Agreement is vested in the Board or the
Committee, as applicable, and their respective construction will be final and conclusive.

          (f) Severability. The invalidity or unenforceability of any provision of this
Agreement will not affect the validity or enforceability of any other provision of this
Agreement, and each other provision of this Agreement will be severable and enforceable to
the extent permitted by law.

          (g) Entire Agreement. This Agreement and the Plan contain all of the understandings
and agreements between the Company and Grantee concerning this Award and supersede all
earlier agreements, negotiations and understandings, whether written or oral, between the
parties with respect thereto. The Company and Grantee have made no promises, agreements,
conditions or understandings, either orally or in writing, that are not included in this
Agreement or the Plan.

          (h) Governing Law. This Agreement will be construed and enforced in accordance with
the laws of the State of Delaware, without reference to the conflicts of laws principles
thereof.

          (i) Counterparts. This Agreement may be executed in two or more counterparts, each one
of which will be deemed an original, but all of which together will constitute one and the
same agreement.

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

	 	 	 	 	 	 	 	 	 	 
	METALICO, INC.	 	 	 	GRANTEE	 	 	 
	 
	 	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:
	 	 	 
	 

	 	 

	 	 
	 	 	 	 

	 
	Title:

	 	 	 	 	 	Address:	 	 	 
	 

	 	 
	 	 	 	 	 	 	 
	 
	 

	 	 	 	 	 	 
	 	 
	 
	 

	 	 	 	 	 	 
	 	 
	 
	 

	 	 	 	 	 	Soc. Sec. No.:	 	 	 
	 

	 	 	 	 	 	 	 	 	 

 Page 4exv4w1

 Exhibit
4.1

EXECUTION VERSION

 

COMMERCIAL VEHICLE GROUP, INC.,

as Issuer,

the SUBSIDIARY GUARANTORS named herein,

as Subsidiary Guarantors

and

U.S. Bank National Association,

as Trustee

 

INDENTURE

Dated as of April 26, 2011

 

7.875% Senior Secured Notes Due 2019

 

 

 

CROSS-REFERENCE TABLE

	 	 	 	 	 	 
	TIA	 	Indenture	 
	Section	 	Section	 
	310	(a)(1) 	 	 	7.10	 
	 	(a)(2) 	 	 	7.10	 
	 	(a)(3) 	 	 	N.A.	 
	 	(a)(4) 	 	 	N.A.	 
	 	(a)(5) 	 	 	7.10	 
	 	(b) 	 	 	7.10	 
	311	(a) 	 	 	7.11	 
	 	(b) 	 	 	7.11	 
	312	(a) 	 	 	2.05	 
	 	(b) 	 	 	12.03	 
	 	(c) 	 	 	12.03	 
	313	(a) 	 	 	7.06	 
	 	(b) 	 	 	7.06; 11.05	 
	 	(c) 	 	 	7.06; 12.02	 
	 	(d) 	 	 	7.06	 
	314	(a) 	 	 	4.02; 11.02	 
	314	(a)(4) 	 	 	4.13	 
	 	(b) 	 	 	11.02	 
	 	(c)(1) 	 	 	12.04	 
	 	(c)(2) 	 	 	12.04	 
	 	(c)(3) 	 	 	N.A.	 
	 	(d) 	 	 	11.05; 11.06	 
	 	(e) 	 	 	12.05	 
	 	(f) 	 	 	N.A.	 
	315	(a) 	 	 	7.01	 
	 	(b) 	 	 	7.05; 12.02	 
	 	(c) 	 	 	7.01	 
	 	(d) 	 	 	7.01	 
	 	(e) 	 	 	6.11	 
	316	(a)(last sentence) 	 	 	12.06	 
	 	(a)(1)(A) 	 	 	6.05	 
	 	(a)(1)(B) 	 	 	6.04	 
	 	(a)(2) 	 	 	N.A.	 
	 	(b) 	 	 	6.07	 
	 	(c) 	 	 	9.04	 
	317	(a)(1) 	 	 	6.08	 
	 	(a)(2) 	 	 	6.09	 
	 	(b) 	 	 	2.04	 
	318	(a) 	 	 	12.01	 

N.A. means Not Applicable.

 

			
	Note:   	 	This Cross-Reference Table shall not, for any purpose, be deemed to be part of the
Indenture.

i

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	Article 1
	 
	Definitions and Incorporation by Reference
	 
	SECTION 1.01. Definitions
	 	 	1	 
	SECTION 1.02. Other Definitions
	 	 	38	 
	SECTION 1.03. Incorporation by Reference of Trust Indenture Act
	 	 	38	 
	SECTION 1.04. Rules of Construction
	 	 	39	 
	Article 2
	 
	The Securities
	 
	SECTION 2.01. Form and Dating
	 	 	40	 
	SECTION 2.02. Execution and Authentication
	 	 	40	 
	SECTION 2.03. Registrar and Paying Agent
	 	 	41	 
	SECTION 2.04. Paying Agent To Hold Money in Trust
	 	 	41	 
	SECTION 2.05. Securityholder Lists
	 	 	41	 
	SECTION 2.06. Transfer and Exchange
	 	 	41	 
	SECTION 2.07. Replacement Securities
	 	 	42	 
	SECTION 2.08. Outstanding Securities
	 	 	42	 
	SECTION 2.09. Temporary Securities
	 	 	42	 
	SECTION 2.10. Cancellation
	 	 	42	 
	SECTION 2.11. Defaulted Interest
	 	 	43	 
	SECTION 2.12. CUSIP Numbers, ISINs, etc
	 	 	43	 
	SECTION 2.13. Issuance of Additional Securities
	 	 	43	 
	Article 3
	 
	Redemption
	 
	SECTION 3.01. Notices to Trustee
	 	 	44	 
	SECTION 3.02. Selection of Securities to Be Redeemed
	 	 	44	 
	SECTION 3.03. Notice of Redemption
	 	 	44	 
	SECTION 3.04. Effect of Notice of Redemption
	 	 	45	 
	SECTION 3.05. Deposit of Redemption Price
	 	 	45	 
	SECTION 3.06. Securities Redeemed in Part
	 	 	45	 
	Article 4
	 
	Covenants
	 
	SECTION 4.01. Payment of Securities
	 	 	46	 
	SECTION 4.02. SEC Reports
	 	 	46	 

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	 	 	Page	 
	SECTION 4.03. Limitation on Indebtedness
	 	 	47	 
	SECTION 4.04. Limitation on Restricted Payments
	 	 	51	 
	SECTION 4.05. Limitation on Restrictions on Distributions from Restricted Subsidiaries
	 	 	55	 
	SECTION 4.06. Limitation on Sales of Assets and Subsidiary Stock
	 	 	57	 
	SECTION 4.07. Limitation on Affiliate Transactions
	 	 	61	 
	SECTION 4.08. Limitation on Line of Business
	 	 	62	 
	SECTION 4.09. Change of Control
	 	 	62	 
	SECTION 4.10. Limitation on Liens
	 	 	64	 
	SECTION 4.11. Limitation on Sale/Leaseback Transactions
	 	 	65	 
	SECTION 4.12. Future Guarantors
	 	 	65	 
	SECTION 4.13. Compliance Certificate
	 	 	66	 
	SECTION 4.14. Further Instruments and Acts
	 	 	66	 
	Article 5
	 
	Successor Company
	 
	SECTION 5.01. When Company May Merge or Transfer Assets
	 	 	66	 
	Article 6
	 
	Defaults and Remedies
	 
	SECTION 6.01. Events of Default
	 	 	68	 
	SECTION 6.02. Acceleration
	 	 	70	 
	SECTION 6.03. Other Remedies
	 	 	71	 
	SECTION 6.04. Waiver of Past Defaults
	 	 	71	 
	SECTION 6.05. Control by Majority
	 	 	71	 
	SECTION 6.06. Limitation on Suits
	 	 	71	 
	SECTION 6.07. Rights of Holders to Receive Payment
	 	 	72	 
	SECTION 6.08. Collection Suit by Trustee
	 	 	72	 
	SECTION 6.09. Trustee May File Proofs of Claim
	 	 	72	 
	SECTION 6.10. Priorities
	 	 	72	 
	SECTION 6.11. Undertaking for Costs
	 	 	73	 
	SECTION 6.12. Waiver of Stay or Extension Laws
	 	 	73	 
	Article 7
	 
	Trustee
	 
	SECTION 7.01. Duties of Trustee
	 	 	73	 
	SECTION 7.02. Rights of Trustee
	 	 	74	 
	SECTION 7.03. Individual Rights of Trustee
	 	 	75	 
	SECTION 7.04. Trustee’s Disclaimer
	 	 	76	 
	SECTION 7.05. Notice of Defaults
	 	 	76	 
	SECTION 7.06. Reports by Trustee to Holders
	 	 	76	 

ii

 

	 	 	 	 	 
	 	 	Page	 
	SECTION 7.07. Compensation and Indemnity
	 	 	76	 
	SECTION 7.08. Replacement of Trustee
	 	 	77	 
	SECTION 7.09. Successor Trustee by Merger
	 	 	78	 
	SECTION 7.10. Eligibility; Disqualification
	 	 	78	 
	SECTION 7.11. Preferential Collection of Claims Against Company
	 	 	78	 
	Article 8
	 
	Discharge of Indenture; Defeasance
	 
	SECTION 8.01. Discharge of Liability on Securities; Defeasance
	 	 	78	 
	SECTION 8.02. Conditions to Defeasance
	 	 	79	 
	SECTION 8.03. Application of Trust Money
	 	 	81	 
	SECTION 8.04. Repayment to Company
	 	 	81	 
	SECTION 8.05. Indemnity for Government Obligations
	 	 	81	 
	SECTION 8.06. Reinstatement
	 	 	81	 
	Article 9
	 
	Amendments
	 
	SECTION 9.01. Without Consent of Holders
	 	 	81	 
	SECTION 9.02. With Consent of Holders
	 	 	83	 
	SECTION 9.03. Compliance with Trust Indenture Act
	 	 	84	 
	SECTION 9.04. Revocation and Effect of Consents and Waivers
	 	 	84	 
	SECTION 9.05. Notation on or Exchange of Securities
	 	 	84	 
	SECTION 9.06. Trustee To Sign Amendments
	 	 	84	 
	SECTION 9.07. Payment for Consent
	 	 	85	 
	Article 10
	 
	Subsidiary Guaranties
	 
	SECTION 10.01. Guaranties
	 	 	85	 
	SECTION 10.02. Limitation on Liability
	 	 	87	 
	SECTION 10.03. Successors and Assigns
	 	 	87	 
	SECTION 10.04. No Waiver
	 	 	87	 
	SECTION 10.05. Modification
	 	 	87	 
	SECTION 10.06. Release of Subsidiary Guarantor
	 	 	87	 
	SECTION 10.07. Contribution
	 	 	88	 
	Article 11
	 
	Collateral and Security
	 
	SECTION 11.01. Collateral and Security Documents
	 	 	88	 
	SECTION 11.02. Recordings and Opinions
	 	 	89	 
	SECTION 11.03. Release of Collateral
	 	 	90	 

iii

 

	 	 	 	 	 
	 	 	Page	 
	SECTION 11.04. After-Acquired Property
	 	 	90	 
	SECTION 11.05. Permitted Releases Not to Impair Lien; Trust Indenture Act Requirements
	 	 	90	 
	SECTION 11.06. Reports, Certificates and Opinions
	 	 	91	 
	SECTION 11.07. Use of Trust Monies
	 	 	91	 
	SECTION 11.08. Suits to Protect the Collateral
	 	 	92	 
	SECTION 11.09. Authorization of Receipt of Funds by the Trustee Under the Security Documents
	 	 	92	 
	SECTION 11.10. Trustee and Second Lien Collateral Agent
	 	 	92	 
	Article 12
	 
	Miscellaneous
	 
	SECTION 12.01. Trust Indenture Act Controls
	 	 	93	 
	SECTION 12.02. Notices
	 	 	94	 
	SECTION 12.03. Communication by Holders with Other Holders
	 	 	94	 
	SECTION 12.04. Certificate and Opinion as to Conditions Precedent
	 	 	94	 
	SECTION 12.05. Statements Required in Certificate or Opinion
	 	 	95	 
	SECTION 12.06. When Securities Disregarded
	 	 	95	 
	SECTION 12.07. Rules by Trustee, Paying Agent and Registrar
	 	 	95	 
	SECTION 12.08. Legal Holidays
	 	 	95	 
	SECTION 12.09. Governing Law
	 	 	95	 
	SECTION 12.10. WAIVER OF JURY TRIAL
	 	 	95	 
	SECTION 12.11. No Recourse Against Others
	 	 	96	 
	SECTION 12.12. Successors
	 	 	96	 
	SECTION 12.13. Multiple Originals
	 	 	96	 
	SECTION 12.14. Table of Contents; Headings
	 	 	96	 
	 
	Rule 144A/Regulation S Appendix	 	 	 	 
	 
	Exhibit 1 —  Form of Initial Security	 	 	 	 
	 
	Exhibit A —  Form of Exchange Security or Private Exchange Security	 	 	 	 
	 
	Exhibit B —  Form of Supplemental Indenture	 	 	 	 
	 

iv

 

     INDENTURE dated as of April 26, 2011, among COMMERCIAL VEHICLE
GROUP, INC., a Delaware corporation (the “Company”), the Subsidiary
Guarantors listed on the signature pages hereto and U.S. BANK NATIONAL
ASSOCIATION, a national banking organization (the “Trustee”).

          Each party agrees as follows for the benefit of the other parties and for the equal and
ratable benefit of the Holders of the Company’s Initial Securities, Exchange Securities and Private
Exchange Securities (in each case, as defined in the Rule 144A/Regulation S Appendix attached
hereto and, collectively, the “Securities”):

Article 1

Definitions and Incorporation by Reference

          SECTION 1.01. Definitions.

          “ABL Credit Facility” means the Amended and Restated Credit Facility under the Loan and
Security Agreement, dated as of April 26, 2011, by and among the Company, each other borrower party
thereto, the lenders party thereto in their capacities as lenders thereunder and Bank of America,
N.A., as agent for such lenders, including any Guarantees, collateral documents, instruments and
other agreements executed in connection therewith, and any amendments, supplements, modifications,
extensions, renewals, restatements, refundings or refinancings thereof and any indentures or credit
facilities or commercial paper facilities with banks or other institutional lenders or investors
that replace, refund or refinance any part of the loans, notes, other credit facilities or
commitments thereunder, including any such replacement, refunding or refinancing facility or
indenture that increases the amount permitted to be borrowed thereunder or alters the maturity
thereof (provided that such increase in borrowings is permitted under Section 4.03) or adds
Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or
any other agent, lender, group of lenders, investor or group of investors.

          “Additional Assets” means (1) any capital expenditure or other acquisition of property, plant
or equipment used in a Related Business; (2) the Capital Stock of a Person that becomes a
Restricted Subsidiary as a result of the acquisition of such Capital Stock by the Company or
another Restricted Subsidiary; or (3) Capital Stock constituting a minority interest in any Person
that at such time is a Restricted Subsidiary; provided, however, that any such
Restricted Subsidiary described in clause (2) or (3) above is primarily engaged in a Related
Business.

          “Additional Securities” means Securities issued under this Indenture after the Issue Date and
in compliance with Sections 2.13, 4.03 and 4.10, it being understood that any Securities issued in
exchange for or replacement of any Initial Security issued on the Issue Date shall not be an
Additional Security, including any such Securities issued pursuant to a Registration Rights
Agreement.

 

          “Affiliate” of any specified Person means any other Person, directly or indirectly,
controlling or controlled by or under direct or indirect common control with such specified Person.
For the purposes of this definition, “control” when used with respect to any Person means the
power to direct the management and policies of such Person, directly or indirectly, whether through
the ownership of voting securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative to the foregoing.

          “After-Acquired Property” means any property of the Company or any Subsidiary Guarantor
acquired after the Issue Date that is intended to secure the Obligations under this Indenture and
the Securities pursuant to this Indenture and the Security Documents, including property of the
Issuer or any Subsidiary Guarantor acquired using the proceeds from any issuance of Additional
Securities.

          “Applicable Premium” means, with respect to any Security on any redemption date, the greater
of (1) 1.0% of the principal amount of such Security and (2) the excess of (A) the present value
at such redemption date of (i) the redemption price of such Security at April 15, 2014 (such
redemption price being set forth in the table in Section 5 of the Securities), plus (ii) all
required interest payments due on such Security through April 15, 2014 (excluding accrued but
unpaid interest to the redemption date), computed using a discount rate equal to the Treasury Rate
as of such redemption date plus 50 basis points, over (B) the principal amount of such Security.

          “Asset Disposition” means any direct or indirect sale, lease, transfer or other disposition
(or series of related sales, leases, transfers or dispositions) by the Company or any Restricted
Subsidiary, including any disposition by means of a merger, consolidation or similar transaction
(each referred to for the purposes of this definition as a “disposition”), of

     (1) any shares of Capital Stock of a Restricted Subsidiary (other than directors’
qualifying shares or shares required by applicable law to be held by a Person other than the
Company or a Restricted Subsidiary);

     (2) all or substantially all of the assets of any division or line of business of the
Company or any Restricted Subsidiary; or

     (3) any other assets of the Company or any Restricted Subsidiary outside of the
ordinary course of business of the Company or such Restricted Subsidiary

other than, in the case of clauses (1), (2) and (3) above,

     (A) a disposition by a Restricted Subsidiary to the Company or by the Company or a
Restricted Subsidiary to a Restricted Subsidiary;

     (B) for purposes of Section 4.06 only, (i) a disposition that constitutes a Restricted
Payment (or would constitute a Restricted Payment but for the exclusions from the definition
thereof (including a Permitted Investment)) and that is not prohibited by Section 4.04 and
(ii) a disposition of all or substantially all of the assets of the Company in accordance
with Section 5.01;

2

 

     (C) a disposition of assets or Capital Stock with a fair market value of less than $2.5
million;

     (D) a disposition of cash or Temporary Cash Investments;

     (E) the creation of a Lien (but not the sale or other disposition of the property
subject to such Lien);

     (F) sales of accounts receivable and related assets of the type specified in the
definition of Qualified Receivables Transaction for the fair market value thereof or in
connection with a Permitted Factoring Program for the fair market value thereof or the
creation of a Lien on any such accounts receivable or related assets in connection with a
Qualified Receivables Transaction or a Permitted Factoring Program;

     (G) any exchange of like property pursuant to Section 1031 of the Code for use in a
Related Business;

     (H) any sale, transfer or other disposition of defaulted receivables for collection;

     (I) a disposition of assets that are worn out, obsolete or damaged or no longer used in
the business of the Company or any Restricted Subsidiary, as the case may be, in the
ordinary course of business;

     (J) the licensing or sublicensing of intellectual property or other general intangibles
and licenses, sublicenses, leases or subleases of other property in the ordinary course of
business which, in each case, does not materially interfere with the business of the Company
and its Restricted Subsidiaries;

     (K) for purposes of clauses (a)(1) and (2) of Section 4.06 only, the disposition of any
property or other assets of the Company or any of its Restricted Subsidiaries by reason of
theft, loss, physical destruction or damage, taking or similar event;

     (L) any surrender or waiver of contract rights or the settlement, release, recovery on
or surrender of contract, tort or other claims of any kind;

     (M) foreclosures on assets subject to Liens otherwise permitted to be incurred by the
Company or any of its Restricted Subsidiaries under this Indenture;

     (N) any sale of Capital Stock, Indebtedness or other securities of an Unrestricted
Subsidiary;

     (O) for purposes of clauses (a)(1) and (2) of Section 4.06 only, dispositions of
Investments in joint ventures (including Foreign Subsidiaries), to the extent required by,
or made pursuant to buy/sell arrangements between the joint venture parties;

     (P) any sale of inventory, consignment arrangement or similar arrangement for the sale
of property in the ordinary course of business; and

3

 

     (Q) the sale, transfer or other disposition of Hedging Obligations incurred pursuant to
Section 4.03.

          “Attributable Debt” in respect of a Sale/Leaseback Transaction means, as at the time of
determination, the present value (discounted at the interest rate borne by the Securities,
compounded semiannually) of the total obligations of the lessee for rental payments during the
remaining term of the lease included in such Sale/ Leaseback Transaction (including any period for
which such lease has been extended); provided, however, that if such Sale/Leaseback
Transaction results in a Capital Lease Obligation, the amount of Indebtedness represented thereby
will be determined in accordance with the definition of “Capital Lease Obligation.”

          “Average Life” means, as of the date of determination, with respect to any Indebtedness, the
quotient obtained by dividing (1) the sum of the products of the numbers of years from the date of
determination to the dates of each successive scheduled principal payment of or redemption or
similar payment with respect to such Indebtedness multiplied by the amount of such payment by (2)
the sum of all such payments.

          “Board of Directors” means the Board of Directors of the Company or any committee thereof duly
authorized to act on behalf of such Board.

          “Borrowing Base” means, as of any date, an amount equal to: (1) 80% of the face amount of all
accounts receivable owned by the Company and its Restricted Subsidiaries as of the end of the most
recent fiscal quarter preceding such date; plus (2) 50% of the book value of all inventory owned by
the Company and its Restricted Subsidiaries as of the end of the most recent fiscal quarter
preceding such date; provided, however, that (a) if Indebtedness is being incurred
to finance an acquisition pursuant to which any accounts receivable or inventory will be acquired
(whether through the direct acquisition of assets or the acquisition of Capital Stock of a Person),
Borrowing Base shall include the applicable percentage of any accounts receivable and inventory to
be acquired in connection with such acquisition and (b) any accounts receivable owned by a
Receivables Subsidiary, or which the Company or any of its Subsidiaries has agreed to transfer to a
Receivables Subsidiary, shall be excluded for purposes of determining such amount.

          “Business Day” means each day which is not a Legal Holiday.

          “Capital Lease Obligation” means an obligation that is required to be classified and accounted
for as a capital lease for financial reporting purposes in accordance with GAAP, and the amount of
Indebtedness represented by such obligation shall be the capitalized amount of such obligation
determined in accordance with GAAP; and the Stated Maturity thereof shall be the date of the last
payment of rent or any other amount due under such lease prior to the first date upon which such
lease may be terminated by the lessee without payment of a penalty. For purposes of Section 4.10,
a Capital Lease Obligation will be deemed to be secured by a Lien on the property being leased.

          “Capital Stock” of any Person means any and all shares, interests (including partnership
interests), rights to purchase, warrants, options, participations or other equivalents of

4

 

or interests in (however designated) equity of such Person, including any Preferred Stock, but
excluding any debt securities convertible into such equity.

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

     (1) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange
Act) is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the
Exchange Act, except that for purposes of this clause (1) such person shall be deemed to
have “beneficial ownership” of all shares that any such person has the right to acquire,
whether such right is exercisable immediately or only after the passage of time), directly
or indirectly, of more than 35% of the total voting power of the Voting Stock of the
Company;

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

     (3) the merger or consolidation of the Company with or into another Person or the
merger of another Person with or into the Company, or the sale of all or substantially all
of the assets of the Company (determined on a consolidated basis) to another Person other
than a transaction following which (i) in the case of a merger or consolidation transaction,
holders of securities that represented 100% of the Voting Stock of the Company immediately
prior to such transaction (or other securities into which such securities are converted as
part of such merger or consolidation transaction) own directly or indirectly at least a
majority of the voting power of the Voting Stock of the surviving Person in such merger or
consolidation transaction immediately after such transaction and in substantially the same
proportion as before the transaction and (ii) in the case of a sale of assets transaction,
each transferee becomes an obligor in respect of the Securities and a Subsidiary of the
transferor of such assets.

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

          “Collateral” means all of the property and assets of the Company or any of the Subsidiary
Guarantors from time to time constituting collateral pursuant to the Security Documents;
provided, however, that in no event shall the term “Collateral” include any
Excluded Assets.

          “Commodity Agreement” means any commodity futures contract, commodity option, commodity swap
agreement, commodity collar agreement, commodity cap agreement or other similar agreement or
arrangement entered into by the Company or any Restricted Subsidiary designed to protect the
Company or any of its Restricted Subsidiaries against fluctuations in the price of commodities
actually used in the ordinary course of business of the Company and its Restricted Subsidiaries.

          “Company” means the party named as such in this Indenture until a successor replaces it and,
thereafter, means the successor and, for purposes of any provision contained herein and required by
the TIA, each other obligor on the indenture securities.

5

 

          “Consolidated Coverage Ratio” as of any date of determination means the ratio of:

     (1) the aggregate amount of EBITDA for the period of the most recent four consecutive
fiscal quarters prior to the date of such determination for which financial statements are
available to

     (2) Consolidated Interest Expense for such four fiscal quarters;

provided, however, that

     (A) if the Company or any Restricted Subsidiary has Incurred any Indebtedness since the
beginning of such period that remains outstanding or if the transaction giving rise to the
need to calculate the Consolidated Coverage Ratio is an Incurrence of Indebtedness, or both,
EBITDA and Consolidated Interest Expense for such period shall be calculated after giving
effect on a pro forma basis to such Indebtedness as if such Indebtedness had been Incurred
on the first day of such period (except that in making such computation, the amount of
Indebtedness Incurred for working capital purposes under any Revolving Credit Facility
outstanding on the date of such calculation will be deemed to be (i) the average daily
balance of such Indebtedness during such four fiscal quarters or such shorter period for
which such facility was outstanding or (ii) if such facility was created after the end of
such four fiscal quarters, the average daily balance of such Indebtedness during the period
from the date of the creation of such facility to the date of such calculation);

     (B) if the Company or any Restricted Subsidiary has repaid, repurchased, defeased or
otherwise discharged any Indebtedness since the beginning of such period or if any
Indebtedness is to be repaid, repurchased, defeased or otherwise discharged (in each case
other than Indebtedness Incurred for working capital purposes under any Revolving Credit
Facility) on the date of the transaction giving rise to the need to calculate the
Consolidated Coverage Ratio, EBITDA and Consolidated Interest Expense for such period shall
be calculated on a pro forma basis as if such discharge had occurred on the first day of
such period and as if the Company or such Restricted Subsidiary had not earned the interest
income actually earned during such period in respect of cash or Temporary Cash Investments
used to repay, repurchase, defease or otherwise discharge such Indebtedness;

     (C) if since the beginning of such period the Company or any Restricted Subsidiary
shall have made any Asset Disposition (including any sale, lease, transfer or other
disposition that would constitute an Asset Disposition but for the exclusions contained in
clauses (C) and (G) of the definition thereof), EBITDA for such period shall be reduced by
an amount equal to EBITDA (if positive) directly attributable to the assets which are the
subject of such Asset Disposition for such period, or increased by an amount equal to EBITDA
(if negative), directly attributable thereto for such period and Consolidated Interest
Expense for such period shall be reduced by an amount equal to the Consolidated Interest
Expense directly attributable to any Indebtedness of the Company or any Restricted
Subsidiary repaid, repurchased, defeased or otherwise discharged with

6

 

respect to the Company and its continuing Restricted Subsidiaries in connection with
such Asset Disposition for such period (or, if the Capital Stock of any Restricted
Subsidiary is sold, the Consolidated Interest Expense for such period directly attributable
to the Indebtedness of such Restricted Subsidiary to the extent the Company and its
continuing Restricted Subsidiaries are no longer liable for such Indebtedness after such
sale);

     (D) if since the beginning of such period the Company or any Restricted Subsidiary (by
merger or otherwise) shall have made an Investment in any Restricted Subsidiary (or any
Person which becomes a Restricted Subsidiary) or an acquisition of assets, including any
acquisition of assets occurring in connection with a transaction requiring a calculation to
be made hereunder, which constitutes all or substantially all of an operating unit of a
business, EBITDA and Consolidated Interest Expense for such period shall be calculated after
giving pro forma effect thereto (including the Incurrence of any Indebtedness) as if such
Investment or acquisition had occurred on the first day of such period;

     (E) if since the beginning of such period any Person (that subsequently became a
Restricted Subsidiary or was merged with or into the Company or any Restricted Subsidiary
since the beginning of such period) shall have made any Asset Disposition (including any
sale, lease, transfer or other disposition that would constitute an Asset Disposition but
for the exclusions contained in clauses (C) and (G) of the definition thereof), any
Investment or acquisition of assets that would have required an adjustment pursuant to
clause (C) or (D) above if made by the Company or a Restricted Subsidiary during such
period, EBITDA and Consolidated Interest Expense for such period shall be calculated after
giving pro forma effect thereto as if such Asset Disposition, Investment or acquisition had
occurred on the first day of such period;

     (F) if since the beginning of such period any Person was designated as an Unrestricted
Subsidiary or redesignated as, or otherwise became, a Restricted Subsidiary, EBITDA and
Consolidated Interest Expense shall be calculated on a pro forma basis as if such event had
occurred on the first day of such period; and

     (G) if, since the beginning of such period, the Company has classified any of its
businesses as discontinued operations, EBITDA and Consolidated Interest Expense shall be
calculated on a pro forma basis as to exclude the impact of such discontinued operations on
or after the date such operations are classified as discontinued.

For purposes of this definition, whenever pro forma effect is to be given to an acquisition of
assets, the amount of income or earnings relating thereto and the amount of Consolidated Interest
Expense associated with any Indebtedness Incurred in connection therewith, the pro forma
calculations shall be determined in good faith by a responsible financial or accounting Officer of
the Company (and shall include any applicable Pro Forma Cost Savings). If any Indebtedness bears a
floating rate of interest and is being given pro forma effect, the interest on such Indebtedness
shall be calculated as if the rate in effect on the date of determination had been the applicable
rate for the entire period (taking into account any Interest Rate Agreement applicable

7

 

to such Indebtedness if such Interest Rate Agreement has a remaining term in excess of 12 months).

          “Consolidated Interest Expense” means, for any period, the total interest expense of the
Company and its consolidated Restricted Subsidiaries (but excluding any loss on early
extinguishment of Indebtedness), plus, to the extent not included in such total interest expense,
and to the extent incurred by the Company or its Restricted Subsidiaries, without duplication:

     (1) interest expense attributable to Capital Lease Obligations;

     (2) amortization of debt discount and debt issuance cost (other than the debt issuance
costs incurred in connection with the Transactions);

     (3) capitalized interest;

     (4) non-cash interest expense;

     (5) commissions, discounts and other fees and charges owed with respect to letters of
credit and bankers’ acceptance financing;

     (6) net payments pursuant to Hedging Obligations relating to Interest Rate Agreements;
provided, however, that any net receipts pursuant to such Hedging
Obligations shall be included as a reduction of interest expense;

     (7) dividends accrued in respect of all Disqualified Stock of the Company and all
Preferred Stock of any Restricted Subsidiary, in each case held by Persons other than the
Company or a Restricted Subsidiary (other than dividends payable solely in Capital Stock
(other than Disqualified Stock) of the Company); provided, however, that
such dividends will be multiplied by a fraction the numerator of which is one and the
denominator of which is one minus the effective combined tax rate of the issuer of such
Preferred Stock (expressed as a decimal) for such period (as estimated by the chief
financial officer of the Company in good faith);

     (8) interest incurred in connection with Investments in discontinued operations;

     (9) interest accruing on any Indebtedness of any other Person to the extent such
Indebtedness is Guaranteed by (or secured by the assets of) the Company or any Restricted
Subsidiary; and

     (10) the cash contributions to any employee stock ownership plan or similar trust to
the extent such contributions are used by such plan or trust to pay interest or fees to any
Person (other than the Company) in connection with Indebtedness Incurred by such plan or
trust.

          “Consolidated Net Income” means, for any period, the net income of the Company and its
consolidated Subsidiaries; provided, however, that there shall not be included in
such Consolidated Net Income:

8

 

     (1) any net income of any Person (other than the Company) if such Person is not a
Restricted Subsidiary, except that, subject to the exclusion contained in clause (4) below,
the Company’s equity in the net income of any such Person for such period shall be included
in such Consolidated Net Income up to the aggregate amount of cash actually distributed by
such Person during such period to the Company or a Restricted Subsidiary as a dividend or
other distribution (subject, in the case of a dividend or other distribution paid to a
Restricted Subsidiary, to the limitations contained in clause (3) below);

     (2) any net income (or loss) of any Person acquired by the Company or a Subsidiary in
a pooling of interests transaction (or any transaction accounted for in a manner similar to
a pooling of interests) for any period prior to the date of such acquisition;

     (3) any net income of any Restricted Subsidiary if such Restricted Subsidiary is
subject to restrictions, directly or indirectly, on the payment of dividends or the making
of distributions by such Restricted Subsidiary, directly or indirectly, to the Company,
except that:

     (A) subject to the exclusion contained in clause (4) below, the Company’s
equity in the net income of any such Restricted Subsidiary for such period shall be
included in such Consolidated Net Income up to the aggregate amount of cash actually
distributed by such Restricted Subsidiary during such period to the Company or
another Restricted Subsidiary as a dividend or other distribution (subject, in the
case of a dividend or other distribution paid to another Restricted Subsidiary, to
the limitation contained in this clause); and

     (B) the Company’s equity in a net loss of any such Restricted Subsidiary for
such period shall be included in determining such Consolidated Net Income;

     (4) any gain (or loss) realized upon the sale or other disposition of any assets of
the Company, its consolidated Subsidiaries or any other Person (including pursuant to any
sale-and-leaseback arrangement) which is not sold or otherwise disposed of in the ordinary
course of business and any gain (or loss) realized upon the sale or other disposition of any
Capital Stock of any Person;

     (5) extraordinary gains or losses;

     (6) the cumulative effect of a change in accounting principles;

     (7) any non-cash goodwill impairment charges or other intangible asset impairment
charges incurred subsequent to the date of this Indenture resulting from the application of
SFAS No. 142 or any other non-cash asset impairment charges incurred subsequent to the date
of this Indenture resulting from the application of SFAS No. 144;

     (8) any non-recurring costs and expenses incurred in connection with the Transactions
or any other acquisition of, or Investment in, a Person in a Related Business;

9

 

     (9) any non-cash compensation charges, including any such charges arising from stock
options, restricted stock grants or other equity-incentive programs;

     (10) any net after-tax income or loss from discontinued operations and any net
after-tax gains or losses on the disposition of discontinued operations;

     (11) any inventory purchase accounting adjustments made as a result of any acquisition
of a Person in a Related Business;

     (12) any unrealized gain or loss resulting from the application of SFAS No. 133 with
respect to Hedging Obligations; and

     (13) any non-cash gain or loss attributable to the early extinguishment of
Indebtedness,

in each case, for such period. Notwithstanding the foregoing, for the purpose of Section 4.04
only, there shall be excluded from Consolidated Net Income any repurchases, repayments or
redemptions of Investments, proceeds realized on the sale of Investments or return of capital to
the Company or a Restricted Subsidiary to the extent such repurchases, repayments, redemptions,
proceeds or returns increase the amount of Restricted Payments permitted under such Section
pursuant to Section 4.04(a)(3)(D).

          “Consolidated Secured Debt Ratio” as of any date of determination means the ratio of (1) the
aggregate principal amount of Secured Indebtedness (and without duplication the aggregate “net
investment” outstanding under any Qualified Receivables Transaction or Permitted Factoring Program)
on the date of determination after giving pro forma effect to all such Secured Indebtedness to be
Incurred on such date to (2) EBITDA for the most recently ended four fiscal quarters for which
financial statements are available immediately preceding the date of determination, with (A) such
pro forma adjustments to EBITDA as would be required under the definition of “Consolidated Coverage
Ratio” in performing a calculation thereof and (B) the amount of Secured Indebtedness on the date
of determination being calculated in accordance with the principles required to be applied in
performing a calculation of Indebtedness under the definition of “Consolidated Coverage Ratio.”

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

          “Credit Facilities” means, with respect to the Company or any of its Restricted Subsidiaries,
one or more debt facilities, including the ABL Credit Facility, or other financing arrangements
(including commercial paper facilities or indentures) providing for revolving credit loans, term
loans, letters of credit, receivables financing (including through the sale of receivables to such
lenders or to special purpose entities formed to borrow from such lenders against such receivables)
or other Indebtedness, including any notes, mortgages, Guarantees, collateral documents,
instruments and other agreements executed in connection therewith, and any amendments, supplements,
modifications, extensions, renewals, restatements, refundings or refinancings thereof and any
indentures or credit facilities or commercial paper facilities that replace, refund or refinance
any part of the loans, notes, other credit facilities or commitments thereunder, including any such
replacement, refunding or refinancing facility or indenture that

10

 

increases the amount permitted to be borrowed thereunder or alters the maturity thereof
(provided that such increase in Indebtedness is permitted under Section 4.03) or adds Restricted
Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other
agent, lender, group of lenders, investor or group of investors.

          “Currency Agreement” means any foreign exchange contract, currency swap agreement or other
similar agreement with respect to currency values.

          “Default” means any event which is, or after notice or passage of time or both would be, an
Event of Default.

          “Designated Non-cash Consideration” means the fair market value of non-cash consideration
received by the Company or any Restricted Subsidiary in connection with an Asset Disposition that
is so designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate, or, in
the case of Designated Non-cash Consideration with a fair market value of $5.0 million or greater,
pursuant to a resolution of the Board of Directors, in each case, setting forth the basis of such
valuation.

          “Discharge of First Lien Obligations” means, subject to any reinstatement of First Lien
Obligations in accordance with the Intercreditor Agreement, (a) indefeasible payment in full in
cash of the principal of and interest (including interest accruing on or after the commencement of
any Insolvency or Liquidation Proceeding at the rate provided for in the respective First Lien
Document, whether or not such interest would be allowed in any such Insolvency or Liquidation
Proceeding) and premium, if any, on all Indebtedness under the First Lien Documents and termination
of all commitments of the First Lien Lenders to lend or otherwise extend credit under the First
Lien Documents, (b) indefeasible payment in full in cash of all other First Lien Obligations
(including letter of credit reimbursement obligations) that are due and payable or otherwise
accrued and owing at or prior to the time such principal, interest, and premium are paid and (c)
termination or cash collateralization (in an amount and manner, and on terms, reasonably
satisfactory to the First Lien Collateral Agent) of all letters of credit issued under the First
Lien Documents.

          “Disqualified Stock” means, with respect to any Person, any Capital Stock which by its terms
(or by the terms of any security into which it is convertible or for which it is exchangeable at
the option of the holder) or upon the happening of any event:

     (1) matures or is mandatorily redeemable (other than redeemable only for Capital Stock
of such Person which is not itself Disqualified Stock) pursuant to a sinking fund obligation
or otherwise;

     (2) is convertible or exchangeable at the option of the holder for Indebtedness or
Disqualified Stock; or

     (3) is mandatorily redeemable or must be purchased upon the occurrence of certain
events or otherwise, in whole or in part,

in each case on or prior to the 180th day after the earlier of the Stated Maturity of the
Securities and the date the Securities are no longer outstanding; provided,
however, that any Capital Stock

11

 

that would not constitute Disqualified Stock but for provisions thereof giving holders thereof the
right to require such Person to purchase or redeem such Capital Stock upon the occurrence of an
“asset sale” or “change of control” occurring prior to the first anniversary of the earlier of the
Stated Maturity of the Securities and the date the Securities are no longer outstanding shall not
constitute Disqualified Stock if (A) the “asset sale” or “change of control” provisions applicable
to such Capital Stock are not more favorable to the holders of such Capital Stock than the terms
applicable to the Securities in Sections 4.06 and 4.09 of this Indenture and (B) any such
requirement only becomes operative after compliance with such terms applicable to the Securities,
including the purchase of any Securities tendered pursuant thereto.

          The amount of any Disqualified Stock that does not have a fixed redemption, repayment or
repurchase price will be calculated in accordance with the terms of such Disqualified Stock as if
such Disqualified Stock were redeemed, repaid or repurchased on any date on which the amount of
such Disqualified Stock is to be determined pursuant to this Indenture; provided,
however, that if such Disqualified Stock could not be required to be redeemed, repaid or
repurchased at the time of such determination, the redemption, repayment or repurchase price will
be the book value of such Disqualified Stock as reflected in the most recent financial statements
of such Person. The Company may designate, in an Officers’ Certificate delivered to the Trustee at
the time of issuance, any Preferred Stock of the Company or any Restricted Subsidiary that would
not otherwise be “Disqualified Stock” to be Disqualified Stock for all purposes under this
Indenture.

          “EBITDA” for any period means the sum of Consolidated Net Income, plus the following to the
extent deducted in calculating such Consolidated Net Income:

     (1) all provision for taxes of the Company and its consolidated Restricted
Subsidiaries (including, without limitation, federal, state, local, foreign income,
franchise, state single business unitary and similar tax expense);

     (2) Consolidated Interest Expense;

     (3) depreciation and amortization expense of the Company and its consolidated
Restricted Subsidiaries (excluding amortization expense attributable to a prepaid item that
was paid in cash in a prior period);

     (4) fees and expenses related to a Qualified Receivables Transaction or a Permitted
Factoring Program (the “Receivables Fee and Expenses”);

     (5) any net after-tax losses attributable to the termination of any employee pension
benefit plan (the “Termination Losses”);

     (6) extraordinary, non-recurring or unusual losses or expenses relating to severance,
relocation costs, executive recruiting costs and curtailments or modifications to pension
and post-retirement employee benefit plans (the “Extraordinary Losses”);

     (7) all other non-cash charges of the Company and its consolidated Restricted
Subsidiaries (excluding any such non-cash charge to the extent that it represents an accrual
of or reserve for cash expenditures in any future period) less all non-cash items of

12

 

income of the Company and its consolidated Restricted Subsidiaries (other than accruals
of revenue by the Company and its consolidated Restricted Subsidiaries in the ordinary
course of business and other than reversals (to the extent made without any payment in cash)
of accruals or reserves previously excluded from EBITDA);

     (8) to the extent non-recurring and not capitalized, any fees, costs and expenses of
the Company and its Restricted Subsidiaries Incurred as a result of Equity Offerings,
Investments or Asset Dispositions permitted hereunder and the issuance, repayment or
amendment of Capital Stock or Indebtedness permitted hereunder (in each case, whether or not
consummated), including (i) such fees, costs and expenses related to the offering of the
Securities and the amendment of the ABL Credit Facility and (ii) any amendment of other
modification of the Securities; and

     (9) the amount of any restructuring charge or reserve or other plant closure costs,
including any onetime costs incurred in connection with acquisitions after the Issue Date
and costs related to the closure and/or consolidation of facilities in connection therewith;

in each case for such period. Notwithstanding the foregoing, the provision for taxes based on the
income or profits of, the depreciation and amortization and non-cash charges of, the Receivables
Fees and Expenses of, the Termination Losses of and the Extraordinary Losses of a Restricted
Subsidiary that is not a Subsidiary Guarantor shall be added to Consolidated Net Income to compute
EBITDA only to the extent (and in the same proportion, including by reason of minority interests)
that the net income or loss of such Restricted Subsidiary was included in calculating Consolidated
Net Income and only if a corresponding amount would be permitted at the date of determination to be
dividended to the Company by such Restricted Subsidiary without prior approval (that has not been
obtained), pursuant to the terms of its charter and all agreements, instruments, judgments,
decrees, orders, statutes, rules and governmental regulations applicable to such Restricted
Subsidiary or its stockholders.

          “Equity Offering” means either (i) an underwritten primary public offering of common stock of
the Company pursuant to an effective registration statement under the Securities Act or (ii) a
private placement of common stock of the Company.

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

          “Excluded Assets” means

     (i) all motor vehicles and other assets subject to a certificate of title (other than
aircraft) the perfection of a security interest in which is excluded from the Uniform
Commercial Code in the relevant jurisdiction;

     (ii) any General Intangible (as defined in the Uniform Commercial Code) or other
rights arising under contracts, Instruments (as defined in the Uniform Commercial Code),
licenses, license agreements or other documents, to the extent (and only to the extent) that
the grant of a security interest would (x) constitute a violation of a restriction in favor
of a third party on such grant, unless and until any required consents shall have been
obtained, (y) give any other party the right to terminate its obligations thereunder, or (z)
violate any law; provided, however, that (1) any portion of any such General

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Intangible or other right shall cease to be excluded pursuant to this clause (ii) at
the time and to the extent that the grant of a security interest therein does not result in
any of the consequences specified above and (2) the limitation set forth in this clause (ii)
above shall not affect, limit, restrict or impair the grant by a grantor of a security
interest in any such General Intangible or other right, to the extent that an otherwise
applicable prohibition or restriction on such grant is rendered ineffective by any
applicable law, including the Uniform Commercial Code;

     (iii) property (whether real, personal or mixed, or tangible or intangible), and
proceeds thereof, owned by any obligor on the date hereof or hereafter acquired that is
subject to a Lien securing a purchase money obligation or capital lease permitted to be
incurred pursuant to this Indenture, for so long as the contract or other agreement in which
such Lien is granted (or the documentation providing for such purchase money obligation or
capital lease) validly prohibits the creation of any other Lien on such property;

     (iv) applications filed in the U.S. Patent and Trademark Office to register trademarks
or service marks on the basis of any obligor’s “intent to use” such trademarks or service
marks unless and until the filing of a “Statement of Use” or “Amendment to Allege Use” has
been filed and accepted, whereupon such applications shall be automatically subject to the
Lien granted herein and deemed included in the Collateral;

     (v) any property or assets to the extent that such grant of a security interest is
prohibited by any applicable law or requires a consent not obtained of any governmental
authority pursuant to such applicable law;

     (vi) more than 65% of the Capital Stock of any Foreign Subsidiary which represent
Voting Stock to the extent a greater percentage would result in adverse tax consequences to
the Company;

     (vii) Capital Stock and other securities of a Subsidiary to the extent a pledge of
such Collateral is limited because such pledge would otherwise require the filing with the
SEC of separate financial statements of such Subsidiary as described in the Security
Documents;

     (viii) de minimis Capital Stock of any indirect Foreign Subsidiary or other foreign
person held by the Company or any Subsidiary Guarantor solely for the benefit of any Person
other than the Company or any Subsidiary Guarantor;

     (ix) all tax, payroll, employee benefit, fiduciary and trust accounts; and

     (x) accounts receivable and any assets related thereto owned by a Receivables
Subsidiary or which the Company or its Subsidiaries have agreed to transfer to a Receivables
Subsidiary or as part of a Permitted Factoring Program.

          “First Lien Collateral Agent” means the agent under the ABL Credit Facility and any permitted
successor thereto.

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          “First Lien Documents” means the ABL Credit Facility, the other Loan Documents (as defined in
the ABL Credit Facility), each of the other agreements, documents and instruments providing for or
evidencing any other First Lien Obligation and any other document or instrument executed or
delivered at any time in connection with any First Lien Obligation (including any intercreditor or
joinder agreement among holders of First Lien Obligations), to the extent such are effective at the
relevant time, as each may be amended, modified, restated, supplemented, replaced, refinanced,
renewed or extended from time to time.

          “First Lien Lenders” means the “Lenders” (or a similar term) from time to time party to, and
as defined in, the ABL Credit Facility or any other Credit Facility secured by a first-lien
security interest in the Collateral, together with their respective successors and permitted
assigns; provided, however, that the term “First Lien Lender” shall in any event
also include each letter of credit issuer and swingline lender under the ABL Credit Facility,
including the “Issuing Bank” and any “Agent” under (and each as defined in) the ABL Credit
Facility.

          “First Lien Obligations” means all Obligations under and as defined in the ABL Credit Facility
of the Company and the Subsidiary Guarantors and under any other document relating to the ABL
Credit Facility and all obligations under any other Credit Facilities Incurred under clause (1) of
paragraph (b) under Section 4.03 the obligations under which are secured by first-lien security
interests in the assets or properties of the Company and its Subsidiaries. “First Lien Obligations”
shall in any event include:

     (a) all interest accrued or accruing, or which would accrue, absent commencement of an
Insolvency or Liquidation Proceeding (and the effect of provisions such as Section 502(b)(2)
of the U.S. Bankruptcy Code), on or after the commencement of an Insolvency or Liquidation
Proceeding in accordance with the rate specified in the relevant First Lien Document,
whether or not the claim for such interest is allowed or allowable as a claim in such
Insolvency or Liquidation Proceeding;

     (b) any and all fees and expenses (including attorneys’ and/or financial consultants’
fees and expenses) incurred by the First Lien Collateral Agent and the First Priority
Secured Parties on or after the commencement of an Insolvency or Liquidation Proceeding,
whether or not the claim for such fees and expenses is allowed or allowable under Section
502 or 506(b) of the U.S. Bankruptcy Code or any other provision of the U.S. Bankruptcy Code
or any similar federal, state or foreign law for the relief of debtors as a claim in such
Insolvency or Liquidation Proceeding; and

     (c) all obligations and liabilities of the Company and each Subsidiary Guarantor under
each First Lien Document to which it is a party which, but for the automatic stay under
Section 362(a) of the U.S. Bankruptcy Code, would become due and payable.

          “First Priority Secured Parties” has the meaning given to such term in the Intercreditor
Agreement.

          “Foreign Cash Investments” means any Investment rated P-1 or A-1 or better by Moody’s or
Standard & Poor’s, respectively, (i) in direct obligations issued by, or guaranteed by, the
government of a country that is a member of the Organization for Economic Cooperation and

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Development (the “OECD”) or any agency or instrumentality thereof; provided,
however, that such obligations mature within 180 days of the date of acquisition thereof,
and (ii) in time deposits or negotiable certificates of deposit or money market securities issued
by any commercial banking institution that is a member of an applicable central bank of a country
that is a member of the OECD having surplus of at least $50.0 million in the aggregate at all
times, payable on demand or maturing within 180 days of the acquisition thereof; provided,
however, that such time deposits, negotiable certificates of deposit and money market
securities are permitted under the Credit Facilities.

          “Foreign Subsidiary” means any Restricted Subsidiary of the Company that is not organized
under the laws of the United States of America or any State thereof or the District of Columbia.

          “GAAP” means generally accepted accounting principles in the United States of America as in
effect as of the Issue Date, including those set forth in

     (1) the opinions and pronouncements of the Accounting Principles Board of the American
Institute of Certified Public Accountants;

     (2) statements and pronouncements of the Financial Accounting Standards Board;

     (3) such other statements by such other entity as approved by a significant segment of
the accounting profession; and

     (4) the rules and regulations of the SEC governing the inclusion of financial
statements (including pro forma financial statements) in periodic reports required to be
filed pursuant to Section 13 of the Exchange Act, including opinions and pronouncements in
staff accounting bulletins and similar written statements from the accounting staff of the
SEC;

except with respect to any reports or financial information required to be delivered pursuant to
Section 4.02, which shall be prepared in accordance with GAAP as in effect on the date thereof;
provided, however, that, at any time after adoption of IFRS by the Company for its
financial statements and reports for all financial reporting purposes, the Company may elect to
apply IFRS for all purposes of this Indenture, and, upon any such election, references in this
Indenture to GAAP shall be construed to mean IFRS as in effect on the date of such election;
provided further, however, that (1) any such election once made shall be
irrevocable (and shall only be made once), (2) all financial statements and reports required to be
provided after such election pursuant to this Indenture shall be prepared on the basis of IFRS, (3)
from and after such election, all ratios, computations and other determinations based on GAAP
contained in this Indenture shall be computed in conformity with IFRS with retroactive effect being
given thereto assuming that such election had been made on the Issue Date, (4) such election shall
not have the effect of rendering invalid any Restricted Payment made prior to the date of such
election pursuant to Section 4.04 or any Incurrence of Indebtedness Incurred prior to the date of
such election pursuant to Section 4.03 (or any other action conditioned on (x) the Company and the
Subsidiary Guarantors having been able to Incur $1.00 of additional Indebtedness under the

16

 

incurrence test set forth in clause (a) of Section 4.03 or (y) the Consolidated Coverage Ratio
being a specified amount) if such Restricted Payment, Incurrence or other action was valid under
this Indenture on the date made, Incurred or taken, as the case may be and (5) all accounting terms
and references in this Indenture to accounting standards shall be deemed to be references to the
most comparable terms or standards under IFRS. The Company shall give notice of any election to
the Trustee and the Holders within 15 days of such election. For the avoidance of doubt, solely
making an election (without any other action) referred to in this definition will not be treated as
an Incurrence of Indebtedness.

          “Guarantee” means any obligation, contingent or otherwise, of any Person directly or
indirectly guaranteeing any Indebtedness of any Person and any obligation, direct or indirect,
contingent or otherwise, of such Person

     (1) to purchase or pay (or advance or supply funds for the purchase or payment of)
such Indebtedness of such Person (whether arising by virtue of partnership arrangements, or
by agreements to keep-well, to purchase assets, goods, securities or services, to
take-or-pay or to maintain financial statement conditions or otherwise); or

     (2) entered into for the purpose of assuring in any other manner the obligee of such
Indebtedness of the payment thereof or to protect such obligee against loss in respect
thereof (in whole or in part);

provided, however, that the term “Guarantee” shall not include endorsements for
collection or deposit in the ordinary course of business. The term “Guarantee” used as a verb has
a corresponding meaning.

          “Guaranty Agreement” means a supplemental indenture, in the form of Exhibit B hereto, pursuant
to which a Subsidiary Guarantor Guarantees the Company’s obligations with respect to the Securities
on the terms provided for in this Indenture.

          “Hedging Obligations” of any Person means the obligations of such Person pursuant to any
Interest Rate Agreement, Currency Agreement or Commodity Agreement.

          “Holder” or “Securityholder” means the Person in whose name a Security is registered on the
Registrar’s books.

          “IFRS” means the International Financial Reporting Standards as issued by the International
Accounting Standards Board.

          “Immaterial Subsidiary” means, as of any date, any Restricted Subsidiary (i) whose total
assets, as of that date, are less than $1.0 million and whose total assets, as of that date and
together with the total assets of all Immaterial Subsidiaries as of such date, are less than $10.0
million and (ii) whose total revenues for the most recent 12-month period do not exceed $1.0
million and whose total revenues for the most recent 12-month period, together with the total
revenues for the most recent 12-month period for all Immaterial Subsidiaries, do not exceed $10.0
million; provided, however, that a Restricted Subsidiary will not be considered to
be an Immaterial Subsidiary if it, directly or indirectly, Guarantees or otherwise provides direct
credit support for any Indebtedness of the Company or any Subsidiary Guarantor.

17

 

          “Incur” means issue, assume, Guarantee, incur or otherwise become liable for;
provided, however, that any Indebtedness of a Person existing at the time such
Person becomes a Restricted Subsidiary (whether by merger, consolidation, acquisition or otherwise)
shall be deemed to be Incurred by such Person at the time it becomes a Restricted Subsidiary. The
term “Incurrence” when used as a noun shall have a correlative meaning. Solely for purposes of
determining compliance with Section 4.03:

     (1) amortization of debt discount or the accretion of principal with respect to a
non-interest bearing or other discount security;

     (2) the payment of interest in the form of additional Indebtedness of the same
instrument or the payment of dividends on Capital Stock in the form of additional Capital
Stock of the same class and with the same terms;

     (3) the obligation to pay a premium in respect of Indebtedness arising in connection
with the issuance of a notice of redemption or making of a mandatory offer to purchase such
Indebtedness;

     (4) changes in the principal amount of any Indebtedness that is denominated in a
currency other than U.S. dollars solely as a result of fluctuations in exchange rates or
currency values; and

     (5) the reclassification of any outstanding Capital Stock as Indebtedness due to a
change in accounting principles so long as such Capital Stock was issued prior to, and not
in contemplation of, such accounting change

will not be deemed to be the Incurrence of Indebtedness.

          “Indebtedness” means, with respect to any Person on any date of determination (without
duplication):

     (1) the principal in respect of (A) indebtedness of such Person for money borrowed and
(B) indebtedness evidenced by notes, debentures, bonds or other similar instruments for the
payment of which such Person is responsible or liable, including, in each case, any premium
on such indebtedness to the extent such premium has become due and payable;

     (2) all Capital Lease Obligations of such Person and all Attributable Debt in respect
of Sale/Leaseback Transactions entered into by such Person;

     (3) all obligations of such Person issued or assumed as the deferred purchase price of
property, all conditional sale obligations of such Person and all obligations of such Person
under any title retention agreement (but excluding any accounts payable or other liability
to trade creditors arising in the ordinary course of business);

     (4) all obligations of such Person for the reimbursement of any obligor on any letter
of credit, bankers’ acceptance or similar credit transaction (other than obligations with
respect to letters of credit securing obligations (other than obligations described in

18

 

clauses (1) through (3) above) entered into in the ordinary course of business of such
Person to the extent such letters of credit are not drawn upon or, if and to the extent
drawn upon, such drawing is reimbursed no later than the tenth Business Day following
payment on the letter of credit);

     (5) the amount of all obligations of such Person with respect to the redemption,
repayment or other repurchase of any Disqualified Stock of such Person or, with respect to
any Preferred Stock of any Subsidiary of such Person, the principal amount of such Preferred
Stock to be determined in accordance with this Indenture (but excluding, in each case, any
accrued dividends);

     (6) all obligations of the type referred to in clauses (1) through (5) of other
Persons and all dividends of other Persons for the payment of which, in either case, such
Person is responsible or liable, directly or indirectly, as obligor, guarantor or
otherwise, including by means of any Guarantee;

     (7) all obligations of the type referred to in clauses (1) through (6) of other
Persons secured by any Lien on any property or asset of such Person (whether or not such
obligation is assumed by such Person), the amount of such obligation being deemed to be the
lesser of the fair market value of such property or assets and the amount of the obligation
so secured; and

     (8) to the extent not otherwise included in this definition, Hedging Obligations of
such Person.

Notwithstanding the foregoing, in connection with the purchase by the Company or any Restricted
Subsidiary of any business, the term “Indebtedness” will exclude post-closing payment adjustments
to which the seller may become entitled to the extent such payment is determined by a final closing
balance sheet or such payment depends on the performance of such business after the closing;
provided, however, that, at the time of closing, the amount of any such payment is
not determinable and, to the extent such payment thereafter becomes fixed and determined, the
amount is paid within 30 days thereafter.

          The amount of Indebtedness of any Person at any date shall be the outstanding balance at such
date of all obligations as described above; provided, however, that in the case of
Indebtedness sold at a discount, the amount of such Indebtedness at any time will be the accreted
value thereof at such time.

          The amount of Indebtedness represented by a Hedging Obligation shall be equal to:

     (1) zero if such Hedging Obligation has been Incurred pursuant to Section 4.03(b)(7),
or

     (2) the termination value of such Hedging Obligation if not Incurred pursuant to
Section 4.03(b)(7).

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

19

 

          “Independent Qualified Party” means an investment banking firm, accounting firm or appraisal
firm of national standing; provided, however, that such firm is not an Affiliate of
the Company.

          “Insolvency or Liquidation Proceeding” means (a) any voluntary or involuntary case or
proceeding under the U.S. Bankruptcy Code with respect to the Company or any Subsidiary Guarantor,
(b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding,
or any receivership, liquidation, reorganization or other similar case or proceeding with respect
to the Company or any Subsidiary Guarantor or with respect to a material portion of its respective
assets, (c) any liquidation, dissolution, reorganization or winding up of the Company or any
Subsidiary Guarantor, whether voluntary or involuntary and whether or not involving insolvency or
bankruptcy or (d) any assignment for the benefit of creditors or any other marshalling of assets
and liabilities of the Company or any Subsidiary Guarantor.

          “Intercreditor Agreement” means the Intercreditor Agreement dated on or about the Issue Date
among the Second Lien Collateral Agent, the First Lien Collateral Agent, the Company and each
Subsidiary Guarantor named therein (the “2011 Intercreditor Agreement”), or other intercreditor
agreements, consistent with the 2011 Intercreditor Agreement, among the Second Lien Collateral
Agent and an agent for lenders providing a Credit Facility from time to time, in each case as such
agreement may be amended, restated, supplemented, modified, extended or renewed from time to time.

          “Interest Rate Agreement” means any interest rate swap agreement, interest rate cap agreement
or other financial agreement or arrangement designed to manage, hedge or protect against
fluctuations in interest rates.

          “Investment” in any Person means any direct or indirect advance, loan (other than advances to
customers in the ordinary course of business that are recorded as accounts receivable on the
balance sheet of the lender) or other extensions of credit (including by way of Guarantee or
similar arrangement) or capital contribution to (by means of any transfer of cash or other property
to others or any payment for property or services for the account or use of others), or any
purchase or acquisition of Capital Stock, Indebtedness or other similar instruments issued by such
Person. If the Company or any Restricted Subsidiary issues, sells or otherwise disposes of any
Capital Stock of a Person that is a Restricted Subsidiary such that, after giving effect thereto,
such Person is no longer a Restricted Subsidiary, any Investment by the Company or any Restricted
Subsidiary in such Person remaining after giving effect thereto will be deemed to be a new
Investment at such time. The acquisition by the Company or any Restricted Subsidiary of a Person
that holds an Investment in a third Person will be deemed to be an Investment by the Company or
such Restricted Subsidiary in such third Person at such time. Except as otherwise provided for
herein, the amount of an Investment shall be its fair market value at the time the Investment is
made and without giving effect to subsequent changes in value.

20

 

          For purposes of the definition of “Unrestricted Subsidiary,” the definition of “Restricted
Payment” and Section 4.04:

     (1) “Investment” shall include the portion (proportionate to the Company’s equity
interest in such Subsidiary) of the fair market value of the net assets of any Subsidiary of
the Company at the time that such Subsidiary is designated an Unrestricted Subsidiary;
provided, however, that upon a redesignation of such Subsidiary as a
Restricted Subsidiary, the Company shall be deemed to continue to have a permanent
“Investment” in an Unrestricted Subsidiary equal to an amount (if positive) equal to (A) the
Company’s “Investment” in such Subsidiary at the time of such redesignation less (B) the
portion (proportionate to the Company’s equity interest in such Subsidiary) of the fair
market value of the net assets of such Subsidiary at the time of such redesignation; and

     (2) any property transferred to or from an Unrestricted Subsidiary shall be valued at
its fair market value at the time of such transfer, in each case as determined in good faith
by the Board of Directors.

          “Issue Date” means April 26, 2011.

          “Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions are not
required to be open in the State of New York.

          “Lien” means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind
(including any conditional sale or other title retention agreement or lease in the nature thereof).

          “Moody’s” means Moody’s Investors Service, Inc. and any successor to its rating agency
business.

          “Net Available Cash” from an Asset Disposition means cash payments and the fair market value
of cash equivalents received therefrom (including any cash payments received by way of deferred
payment of principal pursuant to a note or installment receivable or otherwise and proceeds from
the sale or other disposition of any securities (other than cash equivalents) received as
consideration, but only as and when received, but excluding any other consideration received in the
form of assumption by the acquiring Person of Indebtedness or other obligations relating to such
properties or assets or received in any other non-cash form), in each case net of

     (1) all legal, accounting, investment banking, title and recording tax expenses,
commissions and other fees and expenses incurred, and all federal, state, provincial,
foreign and local taxes required to be accrued as a liability under GAAP, as a consequence
of such Asset Disposition;

     (2) all payments made on any Indebtedness which is secured by any assets subject to
such Asset Disposition, in accordance with the terms of any Lien upon or other security
agreement of any kind with respect to such assets, or which must by its terms, or in order
to obtain a necessary consent to such Asset Disposition, or by applicable law, be repaid out
of the proceeds from such Asset Disposition;

21

 

     (3) all distributions and other payments required to be made to minority interest
holders in Restricted Subsidiaries as a result of such Asset Disposition;

     (4) the deduction of appropriate amounts provided by the seller as a reserve, in
accordance with GAAP, against any liabilities associated with the property or other assets
disposed in such Asset Disposition and retained by the Company or any Restricted Subsidiary
after such Asset Disposition; and

     (5) any portion of the purchase price from an Asset Disposition placed in escrow,
whether as a reserve for adjustment of the purchase price, for satisfaction of indemnities
in respect of such Asset Disposition or otherwise in connection with that Asset Disposition;
provided, however, that upon the termination of that escrow, Net Available
Cash will be increased by any portion of funds in the escrow that are released to the
Company or any Restricted Subsidiary.

          “Net Cash Proceeds” means, with respect to any issuance or sale of Capital Stock or
Indebtedness, the cash proceeds of such issuance or sale net of attorneys’ fees, accountants’ fees,
underwriters’ or placement agents’ fees, discounts or commissions and brokerage, consultant and
other fees actually incurred in connection with such issuance or sale and net of taxes paid or
payable as a result thereof.

          “Obligations” means, with respect to any Indebtedness, all obligations for principal, premium,
interest, penalties, fees, indemnifications, reimbursements, and other amounts payable pursuant to
the documentation governing such Indebtedness.

          “Offering Circular” means the Confidential Offering Circular dated April 13, 2011, relating to
the sale of the Initial Securities.

          “Officer” means the Chairman of the Board, the President, any Vice President, the Treasurer or
the Secretary or any Assistant Secretary of the Company.

          “Officers’ Certificate” means a certificate signed by two Officers.

          “Opinion of Counsel” means a written opinion from legal counsel who is acceptable to the
Trustee. The counsel may be an employee of or counsel to the Company.

          “Other Second Lien Obligations” means other Indebtedness and related Obligations of the
Company and its Restricted Subsidiaries that are equally and ratably secured with the Securities
and designated by the Company as an Other Second Lien Obligation.

          “Permitted Asset Swap” means the substantially concurrent purchase and sale or exchange of
Additional Assets or a combination of Additional Assets and cash or cash equivalents;
provided that any cash or cash equivalents received must be applied in accordance with
Section 4.06.

          “Permitted Factoring Program” means any and all agreements or facilities entered into by the
Company or any of its Subsidiaries for the purpose of factoring its or its

22

 

Subsidiaries’ receivables or payables for cash consideration, including on a delayed payment
basis.

          “Permitted Investment” means an Investment by the Company or any Restricted Subsidiary in:

     (1) the Company, a Restricted Subsidiary or a Person that will, upon the making of
such Investment, become a Restricted Subsidiary; provided, however, that the
primary business of such Restricted Subsidiary is a Related Business;

     (2) another Person, if as a result of such Investment, such other Person is merged or
consolidated with or into, or transfers or conveys all or substantially all of its assets
to, the Company or a Restricted Subsidiary; provided, however, that such
Person’s primary business is a Related Business;

     (3) cash and Temporary Cash Investments;

     (4) receivables owing to the Company or any Restricted Subsidiary if created or
acquired in the ordinary course of business and payable or dischargeable in accordance with
customary trade terms; provided, however, that such trade terms may include
such concessionary trade terms as the Company or any such Restricted Subsidiary deems
reasonable under the circumstances;

     (5) payroll, travel and similar advances to cover matters that are expected at the
time of such advances ultimately to be treated as expenses for accounting purposes and that
are made in the ordinary course of business;

     (6) loans or advances to employees made in the ordinary course of business consistent
with past practices of the Company or such Restricted Subsidiary and not exceeding $2.0
million in the aggregate outstanding at any one time;

     (7) stock, obligations or securities received in settlement of debts created in the
ordinary course of business and owing to the Company or any Restricted Subsidiary or in
satisfaction of judgments or settlements, compromises or resolutions of litigation,
arbitration or other disputes;

     (8) any Person to the extent such Investment represents the non-cash portion of the
consideration received for (A) an Asset Disposition as permitted pursuant to Section 4.06 or
(B) a disposition of assets not constituting an Asset Disposition; provided,
however, that such non-cash portion of the consideration received in an Asset
Disposition or a disposition of assets not constituting an Asset Disposition shall be
pledged as Collateral under the Security Documents to the extent the assets subject to such
Asset Disposition or a disposition of assets not constituting an Asset Disposition
constituted Collateral, with the Lien on such Collateral securing the Securities being of
the same priority with respect to the Securities as the Lien on the assets which were
disposed;

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     (9) any Person where such Investment was acquired by the Company or any of its
Restricted Subsidiaries (A) in exchange for any other Investment or accounts receivable
held by the Company or any such Restricted Subsidiary in connection with or as a result
of a bankruptcy, workout, reorganization or recapitalization of the issuer of such other
Investment or accounts receivable or (B) as a result of a foreclosure by the Company or any
of its Restricted Subsidiaries with respect to any secured Investment or other transfer of
title with respect to any secured Investment in default;

     (10) any Person to the extent such Investments consist of prepaid expenses, negotiable
instruments held for collection and lease, utility and workers’ compensation, performance
and other similar deposits made in the ordinary course of business by the Company or any
Restricted Subsidiary;

     (11) any Person to the extent such Investments consist of Hedging Obligations
otherwise permitted under Section 4.03;

     (12) any Person to the extent such Investment exists on the Issue Date, and any
extension, modification or renewal of any such Investments existing on the Issue Date, but
only to the extent not involving additional advances, contributions or other Investments of
cash or other assets or other increases thereof (other than as a result of the accrual or
accretion of interest or original issue discount or the issuance of pay-in-kind securities),
in each case, pursuant to the terms of such Investment as in effect on the Issue Date;

     (13) Persons to the extent such Investments, when taken together with all other
Investments made pursuant to this clause (13) and outstanding on the date such Investment is
made, do not exceed the greater of (A) $25.0 million and (B) 5% of Total Assets (with the
fair market value of each Investment being measured at the time made and without giving
effect to subsequent changes in value); provided, however, that if any
Investment pursuant to this clause (13) is made in any Person that is not a Restricted
Subsidiary at the date of the making of such Investment and such Person becomes a Restricted
Subsidiary after such date, such Investment shall thereafter be deemed to have been made
pursuant to clause (1) above and shall cease to have been made pursuant to this clause (13)
for so long as such Person continues to be a Restricted Subsidiary;

     (14) Investments resulting from the acquisition of a Person that at the time of such
acquisition held instruments constituting Investments that were not acquired in
contemplation of the acquisition of such Person;

     (15) any Investment in a Receivables Subsidiary or any Investment by a Receivables
Subsidiary in any other Person in connection with a Qualified Receivables Transaction or any
Investment under a Permitted Factoring Program, including Investments of funds held in
accounts permitted or required by the arrangements governing such Qualified Receivables
Transaction, Permitted Factoring Program or any related Indebtedness;

24

 

     (16) Guarantees permitted under Section 4.03 and Guarantees in the ordinary course of
business of obligations (other than Indebtedness) of suppliers, customers or lessees of the
Company or any of its Restricted Subsidiaries;

     (17) repurchases of the Securities (including Additional Securities);

     (18) Investments consisting of purchases and acquisitions of inventory, supplies,
material or equipment;

     (19) advances to customers or suppliers in the ordinary course of business that are,
in conformity with GAAP, recorded as accounts receivable, prepaid expenses or deposits on
the balance sheet of the Company or the Restricted Subsidiaries and endorsements for
collection or deposit arising in the ordinary course of business;

     (20) Investments consisting of earnest money deposits required in connection with a
purchase agreement or letter of intent permitted by this Indenture; and

     (21) endorsements of negotiable instruments and documents in the ordinary course of
business.

          For purposes of this definition, in the event that a proposed Investment (or portion thereof)
meets the criteria of more than one of the categories of Permitted Investments described in clauses
(1) through (21) above, or is otherwise entitled to be Incurred or made pursuant to Section 4.04,
the Company will be entitled to classify (but not reclassify) such Investment (or portion thereof)
in one or more of such categories set forth above or under Section 4.04.

          “Permitted Liens” means, with respect to any Person:

     (1) pledges or deposits by such Person under workers’ compensation laws, unemployment
insurance laws or similar legislation, or good faith deposits in connection with bids,
tenders, contracts (other than for the payment of Indebtedness) or leases to which such
Person is a party, or deposits to secure public or statutory obligations of such Person or
deposits of cash or U.S. government bonds to secure surety or appeal bonds to which such
Person is a party, or deposits as security for contested taxes or import duties or for the
payment of rent, in each case Incurred in the ordinary course of business;

     (2) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ Liens, in
each case for sums not yet due or being contested in good faith by appropriate proceedings
or other Liens arising out of judgments or awards against such Person with respect to which
such Person shall then be proceeding with an appeal or other proceedings for review and
Liens arising solely by virtue of any statutory or common law provision relating to banker’s
Liens, rights of set-off or similar rights and remedies as to deposit accounts or other
funds maintained with a creditor depository institution; provided, however,
that (A) such deposit account is not a dedicated cash collateral account and is not subject
to restrictions against access by the Company in excess of those set forth by regulations
promulgated by the Federal Reserve Board and (B) such deposit account is not intended by the
Company or any Restricted Subsidiary to provide collateral to the depository institution;

25

 

     (3) Liens for property taxes not yet subject to penalties for non-payment or which are
being contested in good faith by appropriate proceedings;

     (4) Liens in favor of issuers of surety bonds or letters of credit issued pursuant to
the request of and for the account of such Person in the ordinary course of its business;
provided, however, that such letters of credit do not constitute
Indebtedness;

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

     (6) Liens securing Indebtedness Incurred to finance all or any part of the purchase
price or cost of design, construction, installation, upgrade or improvement of property
(real or personal, movable or immovable), plant or equipment used or to be used in the
business of such Person; provided, however, that the Lien may not extend to
any other property owned by such Person or any of its Restricted Subsidiaries at the time
the Lien is Incurred (other than assets and property affixed or appurtenant thereto), and
the Indebtedness (other than any interest thereon) secured by the Lien may not be Incurred
more than 180 days after the latest of the acquisition, completion of design, construction,
installation, upgrade or improvement, or commencement of full operation of the property
subject to the Lien;

     (7) Liens to secure Indebtedness Incurred under the provisions described in clause
(b)(1) under Section 4.03; provided, however, that the holder of such Lien
either is or agrees to become bound by the terms of the Intercreditor Agreement on the same
basis as the First Lien Lenders or is subject to an intercreditor agreement consistent with
the Intercreditor Agreement on substantially the same basis as the First Lien Lenders;

     (8) Liens existing on the Issue Date (other than Liens securing Obligations under the
ABL Credit Facility);

     (9) Liens on property or shares of Capital Stock of another Person at the time such
other Person becomes a Subsidiary of such Person; provided, however, that
the Liens may not extend to any other property owned by such Person or any of its Restricted
Subsidiaries (other than assets and property affixed or appurtenant thereto);

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

26

 

     (11) Liens securing Indebtedness or other obligations of a Subsidiary of such Person
owing to such Person or a Restricted Subsidiary of such Person;

     (12) Liens securing Hedging Obligations so long as such Hedging Obligations, are
permitted to be Incurred under this Indenture;

     (13) Liens to secure any Refinancing (or successive Refinancings) as a whole, or in
part, of any Indebtedness secured by any Lien referred to in the foregoing clause (6), (8),
(9) or (10); provided, however, that (A) such new Lien shall be limited to
all or part of the same property and assets that secured or, under the written agreements
pursuant to which the original Lien arose, could secure the original Lien (plus improvements
and accessions to such property or proceeds or distributions thereof) and (B) the
Indebtedness secured by such Lien at such time is not increased to any amount greater than
the sum of (i) the outstanding principal amount or, if greater, committed amount of the
Indebtedness described under clause (6), (8), (9) or (10) at the time the original Lien
became a Permitted Lien and (ii) an amount necessary to pay any fees and expenses, including
premiums, related to such refinancing, refunding, extension, renewal or replacement;

     (14) Liens on the assets of a Foreign Subsidiary securing Indebtedness of such Foreign
Subsidiary Incurred pursuant to Section 4.03(b)(13);

     (15) Liens on accounts receivable and related assets of the type specified in the
definition of “Qualified Receivables Transaction” Incurred in connection with a Qualified
Receivables Transaction or a Permitted Factoring Program securing Indebtedness Incurred
under the provisions described in Section 4.03(b)(12);

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

     (17) Liens imposed pursuant to licenses, sublicenses, leases and subleases (including
landlords’ Liens) granted in the ordinary course of business which do not materially
interfere with the ordinary conduct of the business of the Company or any of its Restricted
Subsidiaries;

     (18) Liens arising from Uniform Commercial Code financing statement filings regarding
operating leases entered into by the Company and its Restricted Subsidiaries in the ordinary
course of business;

     (19) Liens securing obligations owing to and held solely by the Company or any
Subsidiary Guarantor or Liens on assets of a Restricted Subsidiary that is not a Subsidiary
Guarantor securing obligations owing to and held solely by another Restricted Subsidiary
that is not a Subsidiary Guarantor;

     (20) judgment Liens (where the judgment does not constitute an Event of Default), so
long as such Lien is adequately bonded and any appropriate legal proceedings which may have
been duly initiated for the review of such judgment shall

27

 

not have been finally terminated
or the period within which such proceedings may be initiated shall not have expired;

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

     (22) Liens arising out of conditional sale, title retention, consignment or similar
arrangements for the sale of goods entered into by the Company or any of its Restricted
Subsidiaries in the ordinary course of business;

     (23) Liens securing Indebtedness in an amount which, together with all other
Indebtedness secured by Liens Incurred pursuant to this clause (23), does not exceed $5.0
million outstanding at any one time;

     (24) Liens Incurred to secure cash management services in the ordinary course of
business;

     (25) Liens on assets pursuant to merger agreements, stock or asset purchase agreements
and similar agreements limiting the disposition of such assets pending the closing of the
transactions contemplated thereby;

     (26) Liens on insurance policies and the proceeds thereof securing the financing of
the premiums with respect thereto;

     (27) Liens on any cash earnest money deposits made by the Company or any Restricted
Subsidiary in connection with any letter of intent or purchase agreement;

     (28) Liens on the Collateral securing the Securities, the Subsidiary Guaranties
thereof and other Obligations under this Indenture and in respect thereof and any
Obligations owing to the Trustee or the Second Lien Collateral Agent under this Indenture or
the Security Documents; and

     (29) Liens on the Collateral securing Other Second Lien Obligations permitted to be
Incurred pursuant to Sections 4.03(a) or 4.03(b)(21); provided, however,
that (A) at the time of Incurrence and after giving pro forma effect thereto, the
Consolidated Secured Debt Ratio would be no greater than 2.75 to 1.0 and (B) the holder of
such Lien either is or agrees to become bound by the terms of the Intercreditor Agreement on
the same basis as the Holders or is subject to an intercreditor agreement consistent with
the Intercreditor Agreement on the same basis as the Holders.

Notwithstanding the foregoing, “Permitted Liens” will not include any Lien described in clause (6),
(9) or (10) above to the extent such Lien applies to any Additional Assets acquired directly or
indirectly from Net Available Cash pursuant to Section 4.06. For purposes of this definition, the
term “Indebtedness” shall be deemed to include interest on such Indebtedness.

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

28

 

          “Preferred Stock” means, as applied to the Capital Stock of any Person, Capital Stock of any
class or classes (however designated) which is preferred as to the payment of
dividends or distributions, or as to the distribution of assets upon any voluntary or
involuntary liquidation or dissolution of such Person, over shares of Capital Stock of any other
class of such Person.

          “principal” of a Security means the principal of the Security plus the premium, if any,
payable on the Security which is due or overdue or is to become due at the relevant time.

          “Pro Forma Cost Savings” means cost savings that the Company reasonably determines are
probable based upon specifically identified actions to be taken within six months of the date of an
acquisition (net of any reduction in EBITDA as a result of such cost savings that the Company
reasonably determines are probable); provided, however, that the Company’s chief
financial officer and chief accounting officer shall have certified in an Officers’ Certificate
delivered to the Trustee the specific actions to be taken, the cost savings to be achieved from
each such action, that such savings have been determined to be probable and the amount, if any, of
any reduction in EBITDA in connection therewith. Where specifically provided by this Indenture,
the Company shall give pro forma effect to such Pro Forma Cost Savings as if they had been effected
as of the beginning of the applicable period.

          “Purchase Money Indebtedness” means Indebtedness (including Capital Lease Obligations) (1)
consisting of the deferred purchase price of property, conditional sale obligations, obligations
under any title retention agreement, other purchase money obligations and obligations in respect of
industrial revenue bonds, mortgage financing or similar Indebtedness and (2) Incurred to finance
all or any part of the purchase price or cost of design, construction, installation, upgrade or
improvement of property (real or personal, movable or immovable), plant or equipment used or to be
used in the business of the Company or any of its Restricted Subsidiaries (including any reasonably
related fees or expenses Incurred in connection with such acquisition, construction or
improvement), whether through the direct purchase of assets or the Capital Stock of any Person
owning such assets; provided, however, that any Lien arising in connection with any
such Indebtedness shall be limited to the specific asset being financed or, in the case of real
property or fixtures, including additions and improvements, the real property on which such asset
is attached; provided further, however, that such Indebtedness is Incurred
within 180 days after the latest of the acquisition, completion of design, construction,
installation, upgrade or improvement, or commencement of full operation of the property subject to
the Lien.

          “Qualified Capital Stock” of a Person means Capital Stock of such Person other than
Disqualified Stock; provided, however, that such Capital Stock shall not be deemed
Qualified Capital Stock to the extent sold to a Subsidiary of such Person or financed, directly or
indirectly, using funds (1) borrowed from such Person or any Subsidiary of such Person or (2)
contributed, extended, Guaranteed or advanced by such Person or any Subsidiary of such Person
(including in respect of any employee stock ownership or benefit plan). Unless otherwise
specified, Qualified Capital Stock refers to Qualified Capital Stock of the Company.

          “Qualified Receivables Transaction” means any transaction or series of transactions that may
be entered into by the Company or any Restricted Subsidiary pursuant to

29

 

which the Company or any
Restricted Subsidiary may sell, convey or otherwise transfer to (1) a Receivables Subsidiary (in
the case of a transfer by the Company or any Restricted Subsidiary)
or (2) any other Person that is not an Affiliate of the Company, or may grant a security
interest in, any accounts receivable (whether now existing or arising in the future) of the Company
or any Restricted Subsidiary, and any assets related thereto, including all collateral securing
such accounts receivable, all contracts and all Guarantees or other obligations in respect of such
accounts receivable, proceeds of such accounts receivable and other assets that are customarily
transferred, or in respect of which security interests are customarily granted, in connection with
asset securitization transactions involving accounts receivable.

          “Receivables Subsidiary” means any Person formed for the purpose of engaging in a Qualified
Receivables Transaction or a Permitted Factoring Program with the Company or a Restricted
Subsidiary that engages in no activities other than in connection with the financing of accounts
receivable and that is designated by the Board of Directors (as provided below) as a Receivables
Subsidiary and (1) has no Indebtedness or other obligations (contingent or otherwise) that (a) are
Guaranteed by the Company or any Restricted Subsidiary, other than contingent liabilities pursuant
to Standard Securitization Undertakings, (b) are recourse to or obligate the Company or any
Restricted Subsidiary in any way other than pursuant to Standard Securitization Undertakings or (c)
subject any property or asset of the Company or any Restricted Subsidiary, directly or indirectly,
contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard
Securitization Undertakings; (2) has no contract, agreement, arrangement or undertaking (except in
connection with a Qualified Receivables Transaction or a Permitted Factoring Program) with the
Company or its Restricted Subsidiaries other than on terms no less favorable to the Company or such
Restricted Subsidiaries than those that might be obtained at the time from Persons that are not
Affiliates of the Company, other than fees payable in the ordinary course of business in connection
with servicing accounts receivable; and (3) neither the Company nor any Restricted Subsidiary has
any obligation to maintain or preserve the Receivables Subsidiary’s financial condition or cause
the Receivables Subsidiary to achieve certain levels of operating results.

          Any such designation by the Board of Directors shall be evidenced to the Trustee by filing
with the Trustee a certified copy of the resolution of the Board of Directors giving effect to such
designation and an Officers’ Certificate certifying, to the best of such officers’ knowledge and
belief after consulting with counsel, that such designation complied with the foregoing conditions.

          “Refinance” means, in respect of any Indebtedness, to refinance, extend, renew, refund, repay,
prepay, purchase, redeem, defease or retire, or to issue other Indebtedness in exchange or
replacement for, such Indebtedness. “Refinanced” and “Refinancing” shall have correlative
meanings.

          “Refinancing Indebtedness” means Indebtedness that Refinances any Indebtedness of the Company
or any Restricted Subsidiary existing on the Issue Date or Incurred in compliance with this
Indenture, including Indebtedness that Refinances Refinancing Indebtedness; provided,
however, that:

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     (1) (a) if the Stated Maturity of the Indebtedness being Refinanced is earlier than
the Stated Maturity of the Securities, the Refinancing Indebtedness has a Stated Maturity no
earlier than the Stated Maturity of the Indebtedness being Refinanced or (b) if the
Stated Maturity of the Indebtedness being Refinanced is later than the Stated Maturity
of the Securities, the Refinancing Indebtedness has a Stated Maturity at least 91 days later
than the Stated Maturity of the Securities;

     (2) such Refinancing Indebtedness has an Average Life at the time such Refinancing
Indebtedness is Incurred that is equal to or greater than the Average Life of the
Indebtedness being Refinanced;

     (3) such Refinancing Indebtedness has an aggregate principal amount (or if Incurred
with original issue discount, an aggregate issue price) that is equal to or less than the
aggregate principal amount (or if Incurred with original issue discount, the aggregate
accreted value) then outstanding (plus fees and expenses, including any premium and
defeasance costs) under the Indebtedness being Refinanced; and

     (4) if the Indebtedness being Refinanced is subordinated in right of payment to the
Securities, such Refinancing Indebtedness is subordinated in right of payment to the
Securities at least to the same extent as the Indebtedness being Refinanced;

provided further, however, that Refinancing Indebtedness shall not include
(A) Indebtedness of a Subsidiary that Refinances Indebtedness of the Company or (B) Indebtedness of
the Company or a Restricted Subsidiary that Refinances Indebtedness of an Unrestricted Subsidiary.

          “Registration Rights Agreement” means the Registration Rights Agreement dated April 26, 2011
among the Company, the Subsidiary Guarantors and Credit Suisse Securities (USA) LLC.

          “Related Business” means any business in which the Company or any of the Restricted
Subsidiaries was engaged on the Issue Date and any business related, ancillary or complementary to
such business.

          “Restricted Payment” with respect to any Person means:

     (1) the declaration or payment of any dividends or any other distributions of any sort
in respect of its Capital Stock (including any payment in connection with any merger or
consolidation involving such Person) or similar payment to the direct or indirect holders of
its Capital Stock (other than (A) dividends or distributions payable solely in its Capital
Stock (other than Disqualified Stock), (B) dividends or distributions payable solely to the
Company or a Restricted Subsidiary and (C) pro rata dividends or other distributions made by
a Subsidiary that is not a Wholly Owned Subsidiary to minority stockholders (or owners of an
equivalent interest in the case of a Subsidiary that is an entity other than a
corporation));

     (2) the purchase, repurchase, redemption, defeasance or other acquisition or
retirement for value of any Capital Stock of the Company held by any Person (other than by a
Restricted Subsidiary) or of any Capital Stock of a Restricted Subsidiary held by any

31

 

Affiliate of the Company (other than by a Restricted Subsidiary), including in connection
with any merger or consolidation and including the exercise of any option to exchange
any Capital Stock (other than into Capital Stock of the Company that is not
Disqualified Stock);

     (3) the purchase, repurchase, redemption, defeasance or other acquisition or
retirement for value of, in each case prior to scheduled maturity, scheduled repayment or
scheduled sinking fund payment, any Subordinated Obligations of the Company or any
Subsidiary Guarantor (other than (A) from the Company or a Restricted Subsidiary or (B) the
purchase, repurchase, redemption, defeasance or other acquisition or retirement of
Subordinated Obligations purchased in anticipation of satisfying a sinking fund obligation,
principal installment or final maturity, in each case due within one year of the date of
such purchase, repurchase, redemption, defeasance or other acquisition or retirement); or

     (4) the making of any Investment (other than a Permitted Investment) in any Person.

          “Restricted Subsidiary” means any Subsidiary of the Company that is not an Unrestricted
Subsidiary.

          “Revolving Credit Facility” means any revolving credit facility contained in a Credit Facility
and any other facility or financing arrangement that provides for revolving Indebtedness that
Refinances, in whole or in part, any such revolving credit facility.

          “Sale/Leaseback Transaction” means an arrangement relating to property owned by the Company or
a Restricted Subsidiary on the Issue Date or thereafter acquired by the Company or a Restricted
Subsidiary whereby the Company or a Restricted Subsidiary transfers such property to a Person
(other than the Company or a Restricted Subsidiary) and the Company or a Restricted Subsidiary
leases it from such Person.

          “SEC” means the U.S. Securities and Exchange Commission.

          “Second Lien Collateral Agent” means U.S. Bank National Association, as second lien collateral
agent for the Trustee and the Holders, and any permitted successor thereto.

          “Second Lien Obligations” means all Indebtedness and other obligations with respect to the
Securities, this Indenture, the Subsidiary Guaranties thereof and the Security Documents.

          “Second-Priority Liens” means all Liens that secure the Second Lien Obligations.

          “Secured Indebtedness” means any Indebtedness of the Company or any of its Restricted
Subsidiaries secured by a Lien.

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

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          “Security Agreement” means the Security Agreement dated on or about the Issue Date among the
Second Lien Collateral Agent, the Company and each Subsidiary Guarantor
named therein, as such agreement may be amended, restated, supplemented or otherwise modified
from time to time.

          “Security Documents” means the security documents and all other security agreements, pledge
agreements, collateral agreements and any other security documents granting a security interest in
any assets of any Person to secure the Obligations under this Indenture, the Securities and the
Subsidiary Guaranties as each may be amended, restated, supplemented or otherwise modified from
time to time.

          “Senior Indebtedness” means with respect to any Person:

     (1) Indebtedness of such Person, whether outstanding on the Issue Date or thereafter
Incurred; and

     (2) all other Obligations of such Person (including interest accruing on or after the
filing of any petition in bankruptcy or for reorganization relating to such Person whether
or not post-filing interest is allowed in such proceeding) in respect of Indebtedness
described in clause (1) above,

unless, in the case of clauses (1) and (2), in the instrument creating or evidencing the same or
pursuant to which the same is outstanding it is provided that such Indebtedness or other
Obligations are subordinate in right of payment to the Securities or the Subsidiary Guaranty of
such Person, as the case may be; provided, however, that Senior Indebtedness shall
not include:

     (A) any obligation of such Person to the Company or any Subsidiary;

     (B) any liability for federal, state, local or other taxes owed or owing by such
Person;

     (C) any accounts payable or other liability to trade creditors arising in the ordinary
course of business;

     (D) any Indebtedness or other Obligation of such Person which is subordinate or junior
in any respect to any other Indebtedness or other Obligation of such Person; or

     (E) that portion of any Indebtedness which at the time of Incurrence is Incurred in
violation of this Indenture.

          “Significant Subsidiary” means any Restricted Subsidiary that would be a “Significant
Subsidiary” of the Company within the meaning of Rule 1-02 under Regulation S-X promulgated by the
SEC.

          “Standard & Poor’s” means Standard & Poor’s, a division of The McGraw-Hill Companies, Inc.,
and any successor to its rating agency business.

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          “Standard Securitization Undertakings” means all representations, warranties, covenants,
indemnities and performance undertakings entered into by the Company or any
Restricted Subsidiary which are customary in securitization transactions involving accounts
receivable.

          “Stated Maturity” means, with respect to any security, the date specified in such security as
the fixed date on which the final payment of principal of such security is due and payable,
including pursuant to any mandatory redemption provision (but excluding any provision providing for
the repurchase of such security at the option of the holder thereof upon the happening of any
contingency unless such contingency has occurred).

          “Subordinated Obligation” means, with respect to a Person, any Indebtedness of such Person
(whether outstanding on the Issue Date or thereafter Incurred) which is subordinate or junior in
right of payment to the Securities or a Subsidiary Guaranty of such Person, as the case may be,
pursuant to a written agreement to that effect.

          “Subsidiary” means, with respect to any Person, any corporation, association, partnership or
other business entity of which more than 50% of the total voting power of shares of Voting Stock is
at the time owned or controlled, directly or indirectly, by (1) such Person, (2) such Person and
one or more Subsidiaries of such Person or (3) one or more Subsidiaries of such Person.

          “Subsidiary Guarantor” means each Subsidiary of the Company that executes this Indenture as a
guarantor and each other Subsidiary of the Company that thereafter Guarantees the Securities
pursuant to the terms of this Indenture.

          “Subsidiary Guaranty” means a Guarantee by a Subsidiary Guarantor of the Company’s obligations
with respect to the Securities.

          “Temporary Cash Investments” means any of the following:

     (1) any investment in direct obligations of the United States of America or any agency
thereof or obligations guaranteed by the United States of America or any agency thereof;

     (2) investments in demand and time deposit accounts, certificates of deposit and money
market deposits maturing within 180 days of the date of acquisition thereof issued by a bank
or trust company which is organized under the laws of the United States of America, any
State thereof or any foreign country recognized by the United States of America, and which
bank or trust company has capital, surplus and undivided profits aggregating in excess of
$50,000,000 (or the foreign currency equivalent thereof) and has outstanding debt which is
rated “A” (or such similar equivalent rating) or higher by at least one nationally
recognized statistical rating organization (as defined in Rule 436 under the Securities Act)
or any money-market fund sponsored by a registered broker dealer or mutual fund distributor;

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     (3) repurchase obligations with a term of not more than 30 days for underlying
securities of the types described in clause (1) above entered into with a bank meeting the
qualifications described in clause (2) above;

     (4) investments in commercial paper, maturing not more than 180 days after the date of
acquisition, issued by a corporation (other than an Affiliate of the Company) organized and
in existence under the laws of the United States of America or any foreign country
recognized by the United States of America with a rating at the time as of which any
investment therein is made of “P-1” (or higher) according to Moody’s or “A-1” (or higher)
according to Standard and Poor’s;

     (5) investments in securities with maturities of one year or less from the date of
acquisition issued or fully guaranteed by any state, commonwealth or territory of the United
States of America, or by any political subdivision or taxing authority thereof, and rated at
least “A” by Standard & Poor’s or “A” by Moody’s;

     (6) investments in money market funds that invest at least 90% of their assets in
securities of the types described in clauses (1) through (5) above; and

     (7) in the case of a Foreign Subsidiary, Foreign Cash Investments held by it from time
to time in the ordinary course of business.

          “Total Assets” as of any date of determination means the total consolidated assets as shown on
the most recent balance sheet of the Company and its Restricted Subsidiaries on a consolidated
basis.

          “Transactions” means the issuance of the Initial Securities, the repayment of all of the
outstanding Indebtedness under the Company’s second lien term loan, third lien senior secured notes
due 2013 and senior notes due 2013 and the payment of all accrued interest thereon and related
redemption premiums and the fees and expenses in connection with the foregoing transactions, in
each case as described in the Offering Circular.

          “Treasury Rate” means, as of any redemption date, the yield to maturity as of such redemption
date of U.S. Treasury securities with a constant maturity (as compiled and published in the most
recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least
two Business Days prior to the redemption date (or, if such Statistical Release is no longer
published, any publicly available source of similar market data)) most nearly equal to the period
from the redemption date to April 15, 2014; provided, however, that if the period
from the redemption date to April 15, 2014, is less than one year, the weekly average yield on
actively traded U.S. Treasury securities adjusted to a constant maturity of one year will be used.

          “Trustee” means U.S. Bank National Association until a successor replaces it and, thereafter,
means the successor.

          “Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939 (15 U.S.C. §§
77aaa-77bbbb) as in effect on the Issue Date.

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          “Trust Officer” means, when used with respect to the Trustee or Second Lien Collateral
Agent, any officer within the corporate trust department of the Trustee, including any vice
president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any
other officer of the Trustee who customarily performs functions similar to those performed by the
Persons who at the time shall be such officers, respectively, or to whom any corporate trust matter
is referred because of such person’s knowledge of and familiarity with the particular subject and
who shall have direct responsibility for the administration of this Indenture.

          “Uniform Commercial Code” means the New York Uniform Commercial Code as in effect from time to
time.

          “Unrestricted Subsidiary” means:

     (1) any Subsidiary of the Company that at the time of determination shall be
designated an Unrestricted Subsidiary by the Board of Directors in the manner provided
below; and

     (2) any Subsidiary of an Unrestricted Subsidiary.

The Board of Directors may designate any Subsidiary of the Company (including any newly acquired or
newly formed Subsidiary) to be an Unrestricted Subsidiary unless such Subsidiary or any of its
Subsidiaries owns any Capital Stock or Indebtedness of, or holds any Lien on any property of, the
Company or any other Subsidiary of the Company that is not a Subsidiary of the Subsidiary to be so
designated; provided, however, that either (A) the Subsidiary to be so designated
has total assets of $1,000 or less or (B) if such Subsidiary has assets greater than $1,000, such
designation would be permitted under Section 4.04. The Board of Directors may designate any
Unrestricted Subsidiary to be a Restricted Subsidiary; provided, however, that
immediately after giving effect to such designation (A) the Company could Incur $1.00 of additional
Indebtedness under Section 4.03(a) and (B) no Default shall have occurred and be continuing. Any
such designation by the Board of Directors shall be evidenced to the Trustee by promptly filing
with the Trustee a copy of the resolution of the Board of Directors giving effect to such
designation and an Officers’ Certificate certifying that such designation complied with the
foregoing provisions.

          “Unsecured Indebtedness” means Indebtedness that is not Secured Indebtedness.

          “U.S. Dollar Equivalent” means with respect to any monetary amount in a currency other than
U.S. dollars, at any time for determination thereof, the amount of U.S. dollars obtained by
converting such foreign currency involved in such computation into U.S. dollars at the spot rate
for the purchase of U.S. dollars with the applicable foreign currency as published in The Wall
Street Journal in the “Exchange Rates” column under the heading “Currency Trading” on the date two
Business Days prior to such determination.

          Except as described in Section 4.03, whenever it is necessary to determine whether the Company
has complied with any covenant in this Indenture or a Default has occurred and an amount is
expressed in a currency other than U.S. dollars, such amount will be treated as the U.S. Dollar
Equivalent determined as of the date such amount is initially determined in such currency.

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          “U.S. Government Obligations” means direct obligations (or certificates representing an
ownership interest in such obligations) of the United States of America (including any agency or
instrumentality thereof) for the payment of which the full faith and credit of the United States of
America is pledged and which are not callable at the issuer’s option.

          “Voting Stock” of a Person means all classes of Capital Stock of such Person then outstanding
and normally entitled (without regard to the occurrence of any contingency) to vote in the election
of directors, managers or trustees thereof.

          “Wholly Owned Subsidiary” means a Restricted Subsidiary all the Capital Stock of which (other
than directors’ qualifying shares) is owned by the Company or one or more other Wholly Owned
Subsidiaries.

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          SECTION 1.02. Other Definitions.

	 	 	 	 	 
	 	 	Defined in
	Term	 	Section
	“2011 Intercreditor Agreement”

	 	 	1.01	 
	“Affiliate Transaction”
	 	 	4.07	(a)
	“Appendix”
	 	 	2.01	 
	“Article 9 Collateral”
	 	 	11.02	 
	“Bankruptcy Law”
	 	 	6.01	 
	“Change of Control Offer”
	 	 	4.09	(b)
	“control”
	 	 	1.01	 
	“covenant defeasance option”
	 	 	8.01	(b)
	“Custodian”
	 	 	6.01	 
	“Depository”
	 	Appendix

	“disposition”
	 	 	1.01	 
	“Event of Default”
	 	 	6.01	 
	“Exchange Securities”
	 	Appendix

	“Extraordinary Losses”
	 	 	1.01	 
	“Guaranteed Obligations”
	 	 	10.01	 
	“Increased Amount”
	 	 	4.10	 
	“Initial Securities”
	 	Appendix

	“Junior Lien”
	 	 	4.10	 
	“legal defeasance option”
	 	 	8.01	(b)
	“Notice of Default”
	 	 	6.01	 
	“OECD”
	 	 	1.01	 
	“Offer”
	 	 	4.06	(b)
	“Offer Amount”
	 	 	4.06(c	)(2)
	“Offer Period”
	 	 	4.06(c	)(2)
	“Pari Passu Indebtedness”
	 	 	4.06(a)(3	)(C)
	“Paying Agent”
	 	 	2.03	 
	“Private Exchange Securities”
	 	Appendix

	“Purchase Date”
	 	 	4.06(c	)(1)
	“Receivables Fee and Expenses”

	 	 	1.01	 
	“Registrar”
	 	 	2.03	 
	“Securities”
	 	Preamble

	“Successor Company”
	 	 	5.01(a	)(1)
	“Termination Losses”
	 	 	1.01	 

          SECTION 1.03. Incorporation by Reference of Trust Indenture Act. This Indenture is
subject to the mandatory provisions of the TIA which are incorporated by reference in and made a
part of this Indenture. The following TIA terms have the following meanings:

          “Commission” means the SEC;

          “indenture securities” means the Securities and the Subsidiary Guaranties;

          “indenture security holder” means a Holder;

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          “indenture to be qualified” means this Indenture;

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

          “obligor” on the indenture securities means the Company, each Subsidiary Guarantor and any
other obligor on the indenture securities.

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

          SECTION 1.04. Rules of Construction. Unless the context otherwise requires:

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

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

     (3) “or” is not exclusive;

     (4) “including” means including without limitation;

     (5) words in the singular include the plural and words in the plural include the
singular;

     (6) Unsecured Indebtedness shall not be deemed to be subordinate or junior to Secured
Indebtedness merely because it is unsecured;

     (7) Senior Indebtedness shall not be deemed to be subordinate or junior to any other
Senior Indebtedness merely because it has a junior priority with respect to the same
collateral;

     (8) the principal amount of any noninterest bearing or other discount security at any
date shall be the principal amount thereof that would be shown on a balance sheet of the
issuer dated such date prepared in accordance with GAAP;

     (9) the principal amount of any Preferred Stock shall be (A) the maximum liquidation
value of such Preferred Stock or (B) the maximum mandatory redemption or mandatory
repurchase price with respect to such Preferred Stock, whichever is greater;

     (10) all references to the date the Securities were originally issued shall refer to
the Issue Date, except as otherwise specified; and

     (11) whenever in this Indenture there is mentioned, in any context, principal,
interest or any other amount payable under or with respect to any Securities, such mention
shall be deemed to include mention of the payment of additional interest, to the

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extent that, in such context, additional interest is, was or would be payable in
respect thereof pursuant to Section 1 of the Securities.

Article 2

The Securities

          SECTION 2.01. Form and Dating. Provisions relating to the Initial Securities, the
Private Exchange Securities and the Exchange Securities are set forth in the Rule 144A/Regulation S
Appendix attached hereto (the “Appendix”) which is hereby incorporated in, and expressly made part
of, this Indenture. The Initial Securities and the Trustee’s certificate of authentication shall
be substantially in the form of Exhibit 1 to the Appendix which is hereby incorporated in, and
expressly made a part of, this Indenture. The Exchange Securities, the Private Exchange Securities
and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A,
which is hereby incorporated in and expressly made a part of this Indenture. The Securities may
have notations, legends or endorsements required by law, stock exchange rule, agreements to which
the Company is subject, if any, or usage (provided that any such notation, legend or endorsement is
in a form acceptable to the Company). Each Security shall be dated the date of its authentication.
The terms of the Securities set forth in the Appendix and Exhibit A are part of the terms of this
Indenture.

          SECTION 2.02. Execution and Authentication. An Officer shall sign the Securities for
the Company by manual or facsimile signature.

          If an Officer whose signature is on a Security no longer holds that office at the time the
Trustee authenticates the Security, the Security shall be valid nevertheless.

          A Security shall not be valid until an authorized signatory of the Trustee manually signs the
certificate of authentication on the Security. The signature shall be conclusive evidence that the
Security has been authenticated under this Indenture.

          On the Issue Date, the Trustee shall authenticate and deliver $250.0 million of 7.875% Senior
Secured Notes Due 2019 and, at any time and from time to time thereafter, the Trustee shall
authenticate and deliver Securities for original issue in an aggregate principal amount specified
by the Company, in each case upon a written order of the Company signed by an Officer. Such order
shall specify the amount of the Securities to be authenticated and the date on which the original
issue of Securities is to be authenticated and, in the case of an issuance of Additional Securities
pursuant to Section 2.13 after the Issue Date, shall certify that such issuance is in compliance
with Sections 4.03 and 4.10. The aggregate principal amount of Securities outstanding at any time
is unlimited.

          The Trustee may appoint an authenticating agent reasonably acceptable to the Company to
authenticate the Securities. Unless limited by the terms of such appointment, an authenticating
agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture
to authentication by the Trustee includes authentication by such agent.

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An authenticating agent has the same rights as any Registrar, Paying Agent or agent for service of notices and demands.

          SECTION 2.03. Registrar and Paying Agent. The Company shall maintain an office or
agency (which may be the office of the Trustee or an affiliate of the Trustee, Registrar or
co-registrar) where Securities may be presented for registration of transfer or for exchange (the
“Registrar”) and an office or agency (which may be the office of the Trustee or an affiliate of the
Trustee, Registrar or co-registrar) where Securities may be presented for payment (the “Paying
Agent”). The Registrar shall keep a register of the Securities and of their transfer and exchange.
The Company may have one or more co-registrars and one or more additional paying agents. The term
“Paying Agent” includes any additional paying agent.

          The Company shall enter into an appropriate agency agreement with any Registrar, Paying Agent
or co-registrar not a party to this Indenture, which shall incorporate the terms of the TIA. The
agreement shall implement the provisions of this Indenture that relate to such agent. The Company
shall notify the Trustee of the name and address of any such agent. If the Company fails to
maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to
appropriate compensation therefor pursuant to Section 7.07. The Company or any Wholly Owned
Subsidiary incorporated or organized within the United States of America may act as Paying Agent,
Registrar, co-registrar or transfer agent.

          The Company initially appoints the Trustee as Registrar and Paying Agent in connection with
the Securities.

          SECTION 2.04. Paying Agent To Hold Money in Trust. Prior to each due date of the
principal and interest on any Security, the Company shall deposit with the Paying Agent a sum
sufficient to pay such principal and interest when so becoming due. The Company shall require each
Paying Agent (other than the Trustee) to agree in writing that the Paying Agent shall hold in trust
for the benefit of Securityholders or the Trustee all money held by the Paying Agent for the
payment of principal of or interest on the Securities and shall notify the Trustee of any default
by the Company in making any such payment. If the Company or a Subsidiary acts as Paying Agent, it
shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The
Company at any time may require a Paying Agent to pay all money held by it to the Trustee and to
account for any funds disbursed by the Paying Agent. Upon complying with this Section, the Paying
Agent shall have no further liability for the money delivered to the Trustee.

          SECTION 2.05. Securityholder Lists. The Trustee shall preserve in as current a form
as is reasonably practicable the most recent list available to it of the names and addresses of
Securityholders. If the Trustee is not the Registrar, the Company shall furnish to the Trustee, in
writing at least five Business Days before each interest payment date and at such other times as
the Trustee may request in writing, a list in such form and as of such date as the Trustee may
reasonably require of the names and addresses of Securityholders.

          SECTION 2.06. Transfer and Exchange. The Securities shall be issued in registered
form and shall be transferable only upon the surrender of a Security for registration of transfer.
When a Security is presented to the Registrar or a co-registrar with a request to register

41

 

a transfer, the Registrar shall register the transfer as requested if the requirements of this
Indenture and Section 8-401(a) of the Uniform Commercial Code are met. When Securities are
presented to the Registrar or a co-registrar with a request to exchange them for an equal principal
amount of Securities of other denominations, the Registrar shall make the exchange as
requested if the same requirements are met. The Registrar need not register the transfer of or
exchange any Securities selected for redemption (except, in the case of a Security to be redeemed
in part, the portion of the Security not to be redeemed) or any Securities for a period of 15 days
before a selection of Securities to be redeemed or 15 days before an interest payment date.

          SECTION 2.07. Replacement Securities. If a mutilated Security is surrendered to the
Registrar or if the Holder of a Security claims that the Security has been lost, destroyed or
wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Security
if the requirements of Section 8-405 of the Uniform Commercial Code are met and the Holder
satisfies any other reasonable requirements of the Trustee. If required by the Trustee or the
Company, such Holder shall furnish an indemnity bond that is sufficient in the judgment of the
Company and the Trustee to protect the Company, the Trustee, the Paying Agent, the Registrar and
any co-registrar from any loss which any of them may suffer if a Security is replaced. The Company
and the Trustee may charge the Holder for their expenses in replacing a Security.

          Every replacement Security is an additional Obligation of the Company.

          SECTION 2.08. Outstanding Securities. Securities outstanding at any time are all
Securities authenticated by the Trustee except for those canceled by it, those delivered to it for
cancellation and those described in this Section as not outstanding. A Security does not cease to
be outstanding because the Company or an Affiliate of the Company holds the Security.

          If a Security is replaced pursuant to Section 2.07, it ceases to be outstanding unless the
Trustee and the Company receive proof satisfactory to them that the replaced Security is held by a
protected purchaser (as defined in Section 8-303 of the Uniform Commercial Code).

          If the Paying Agent segregates and holds in trust, in accordance with this Indenture, on a
redemption date or maturity date money sufficient to pay all principal and interest payable on that
date with respect to the Securities (or portions thereof) to be redeemed or maturing, as the case
may be, then on and after that date such Securities (or portions thereof) cease to be outstanding
and interest on them ceases to accrue.

          SECTION 2.09. Temporary Securities. Until definitive Securities are ready for
delivery, the Company may prepare and the Trustee shall authenticate temporary Securities.
Temporary Securities shall be substantially in the form of definitive Securities but may have
variations that the Company considers appropriate for temporary Securities. Without unreasonable
delay, the Company shall prepare and the Trustee shall authenticate definitive Securities and
deliver them in exchange for temporary Securities.

          SECTION 2.10. Cancellation. The Company at any time may deliver Securities to the
Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any
Securities surrendered to them for registration of transfer, exchange or payment.

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The Trustee and no one else shall cancel and destroy (subject to the record retention requirements of the Exchange
Act) all Securities surrendered for registration of transfer, exchange, payment or cancellation and
deliver a certificate of such destruction to the Company
unless the Company directs the Trustee to deliver canceled Securities to the Company. The
Company may not issue new Securities to replace Securities it has redeemed, paid or delivered to
the Trustee for cancellation.

          SECTION 2.11. Defaulted Interest. If the Company defaults in a payment of interest on
the Securities, the Company shall pay defaulted interest (plus interest on such defaulted interest
to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the
persons who are Securityholders on a subsequent special record date. The Company shall fix or
cause to be fixed any such special record date and payment date to the reasonable satisfaction of
the Trustee and shall promptly mail to each Securityholder a notice that states the special record
date, the payment date and the amount of defaulted interest to be paid.

          SECTION 2.12. CUSIP Numbers, ISINs, etc. The Company in issuing the Securities may
use “CUSIP” numbers, ISINs and “Common Code” numbers (in each case if then generally in use) and,
if so, the Trustee shall use “CUSIP” numbers, ISINs and “Common Code” numbers in notices of
redemption as a convenience to Holders; provided, however, that any such notice may
state that no representation is made as to the correctness of such numbers either as printed on the
Securities or as contained in any notice of a redemption and that reliance may be placed only on
the other identification numbers printed on the Securities, and any such redemption shall not be
affected by any defect in or omission of such numbers. The Company shall advise the Trustee in
writing of any change in any “CUSIP” numbers, ISINs or “Common Code” numbers applicable to the
Securities.

          SECTION 2.13. Issuance of Additional Securities. After the Issue Date, the Company
shall be entitled, subject to its compliance with Sections 4.03 and 4.10, to issue Additional
Securities under this Indenture, which Securities shall have identical terms as the Initial
Securities issued on the Issue Date, other than with respect to the date of issuance and issue
price. All the Securities issued under this Indenture shall be treated as a single class for all
purposes of this Indenture including waivers, amendments, redemptions and offers to purchase.

          With respect to any Additional Securities, the Company shall set forth in a resolution of the
Board of Directors and an Officers’ Certificate, a copy of each which shall be delivered to the
Trustee, the following information:

     (1) the aggregate principal amount of such Additional Securities to be authenticated
and delivered pursuant to this Indenture and the provision of Section 4.03 that the Company
is relying on to issue such Additional Securities;

     (2) the issue price, the issue date and the CUSIP number of such Additional
Securities, if any; provided, however, that no Additional Securities may be
issued at a price that would cause such Additional Securities to have “original issue
discount” within the meaning of Section 1273 of the Code; and

43

 

     (3) whether such Additional Securities shall be issued in the form of Initial
Securities as set forth in Exhibit 1 to the Appendix or shall be issued in the form of
Exchange Securities as set forth in Exhibit A.

Article 3

Redemption

          SECTION 3.01. Notices to Trustee. If the Company elects to redeem Securities pursuant
to Section 5 of the Securities, it shall notify the Trustee in writing of the redemption date, the
principal amount of Securities to be redeemed and the section of the Securities pursuant to which
the redemption will occur.

          The Company shall give each notice to the Trustee provided for in this Section at least 35
days before the redemption date unless the Trustee consents to a shorter period. Such notice shall
be accompanied by an Officers’ Certificate and an Opinion of Counsel from the Company to the effect
that such redemption will comply with the conditions herein.

          SECTION 3.02. Selection of Securities to Be Redeemed. If fewer than all the
Securities are to be redeemed, the Trustee shall select the Securities to be redeemed pro rata to
the extent practicable. The Trustee shall make the selection from outstanding Securities not
previously called for redemption. The Trustee may select for redemption portions of the principal
of Securities that have denominations larger than $2,000. Securities and portions of them the
Trustee selects shall be in principal amounts of $2,000 or any greater integral multiple of $1,000
thereof. Provisions of this Indenture that apply to Securities called for redemption also apply to
portions of Securities called for redemption. The Trustee shall notify the Company promptly of the
Securities or portions of Securities to be redeemed.

          SECTION 3.03. Notice of Redemption. At least 30 days but not more than 60 days before
a date for redemption of Securities, the Company shall mail a notice of redemption by first-class
mail to each Holder of Securities to be redeemed at such Holder’s registered address.

          The notice shall identify the Securities to be redeemed and shall state:

     (1) the redemption date;

     (2) the redemption price;

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

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

     (5) if fewer than all the outstanding Securities are to be redeemed, the
identification and principal amounts of the particular Securities to be redeemed;

44

 

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

     (7) the “CUSIP” number, ISIN or “Common Code” number, if any, printed on the
Securities being redeemed; and

     (8) that no representation is made as to the correctness or accuracy of the “CUSIP”
number, ISIN, or “Common Code” number, if any, listed in such notice or printed on the
Securities.

          At the Company’s request, the Trustee shall give the notice of redemption in the Company’s
name and at the Company’s expense. In such event, the Company shall provide the Trustee with the
information required by this Section.

          SECTION 3.04. Effect of Notice of Redemption. Once notice of redemption is mailed,
Securities called for redemption become due and payable on the redemption date and at the
redemption price stated in the notice. Upon surrender to the Paying Agent, such Securities shall
be paid at the redemption price stated in the notice, plus accrued and unpaid interest to the
redemption date (subject to the right of Holders of record on the relevant record date to receive
interest due on the relevant interest payment date), and such Securities shall be canceled by the
Trustee. Failure to give notice or any defect in the notice to any Holder shall not affect the
validity of the notice to any other Holder.

          SECTION 3.05. Deposit of Redemption Price. Prior to the redemption date, the Company
shall deposit with the Paying Agent (or, if the Company or a Subsidiary is the Paying Agent, shall
segregate and hold in trust) money sufficient to pay the redemption price of and accrued interest
on all Securities to be redeemed on that date other than Securities or portions of Securities
called for redemption which have been delivered by the Company to the Trustee for cancellation. The
Trustee or the Paying Agent shall promptly return to the Company any money deposited with the
Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption
price for, and accrued interest on, all Securities to be redeemed.

          If the Company complies with the provisions of the preceding paragraph, on and after the
redemption date, interest shall cease to accrue on the Securities or the portion of the Securities
called for redemption. If a Security is redeemed on or after an interest record date but on or
prior to the related interest payment date, then any accrued and unpaid interest shall be paid to
the Person in whose name such Security was registered at the close of business on such record date.

          SECTION 3.06. Securities Redeemed in Part. Upon surrender of a Security that is
redeemed in part, the Company shall execute and the Trustee shall authenticate for the Holder (at
the Company’s expense) a new Security equal in principal amount to the unredeemed portion of the
Security surrendered.

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Article 4

Covenants

          SECTION 4.01. Payment of Securities. The Company shall promptly pay the principal of
and interest on the Securities on the dates and in the manner provided in the
Securities and in this Indenture. Principal and interest shall be considered paid on the date
due if on such date the Trustee or the Paying Agent holds in accordance with this Indenture money
sufficient to pay all principal and interest then due.

          The Company shall pay interest on overdue principal at the rate specified therefor in the
Securities, and it shall pay interest on overdue installments of interest at the same rate to the
extent lawful.

          SECTION 4.02. SEC Reports. Whether or not the Company is subject to the reporting
requirements of Section 13 or 15(d) of the Exchange Act or otherwise reports on an annual and
quarterly basis on forms provided for such annual and quarterly reporting pursuant to rules and
regulations promulgated by the SEC, the Company shall file with the SEC (subject to the next
sentence) and provide the Trustee and Holders with such annual and other reports as are specified
in Sections 13 and 15(d) of the Exchange Act and applicable to a U.S. corporation subject to such
Sections, such reports to be so filed and provided at the times specified for the filings of such
reports under such Sections and containing all the information, audit reports and exhibits required
for such reports. If at any time, the Company is not subject to the periodic reporting
requirements of the Exchange Act for any reason, the Company will nevertheless continue filing the
reports specified in the preceding sentence with the SEC within the time periods required unless
the SEC will not accept such a filing. The Company agrees that it will not take any action for the
purpose of causing the SEC not to accept any such filings. If, notwithstanding the foregoing, the
SEC will not accept such filings for any reason, the Company will post the reports specified in the
preceding sentence on its website within the time periods that would apply if the Company were
required to file those reports with the SEC.

          At any time that any of the Company’s Subsidiaries are Unrestricted Subsidiaries and the
Company’s Unrestricted Subsidiaries individually or collectively constitute a Significant
Subsidiary, then the quarterly and annual financial information required by the preceding paragraph
will include a reasonably detailed presentation, either on the face of the financial statements or
in the footnotes thereto, and in “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” of the financial condition and results of operations of the Company and its
Restricted Subsidiaries separate from the financial condition and results of operations of the
Unrestricted Subsidiaries of the Company.

          In addition, the Company shall furnish to the Holders and to prospective investors, upon the
requests of such Holders, any information required to be delivered pursuant to Rule 144A(d)(4)
under the Securities Act so long as any Securities are not freely transferable under the Securities
Act. The Company also shall comply with the other provisions of TIA § 314(a).

46

 

          SECTION 4.03. Limitation on Indebtedness. (a) The Company shall not, and shall not
permit any Restricted Subsidiary to, Incur, directly or indirectly, any Indebtedness;
provided, however, that the Company and the Subsidiary Guarantors shall be entitled
to Incur Indebtedness if, on the date of such Incurrence and after giving effect thereto on a pro
forma basis, the Consolidated Coverage Ratio would have been at least 2.00 to 1.00.

          (b) Notwithstanding the foregoing paragraph (a), the Company and the Restricted Subsidiaries
shall be entitled to Incur any or all of the following Indebtedness:

     (1) Indebtedness Incurred by the Company and Restricted Subsidiaries under Credit
Facilities in an amount not to exceed (i) if, at the time of such Incurrence and after
giving pro forma effect thereto, the Consolidated Secured Debt Ratio is less than or equal
to 2.75 to 1.0, the greater of (u) $55.0 million and (v) 100% of the Borrowing Base or (ii)
if, at the time of such Incurrence and after giving pro forma effect thereto, the
Consolidated Secured Debt Ratio is greater than 2.75 to 1.0 and less than or equal to 3.5 to
1.0, the greater of (w) $55.0 million and (x) 75% of the Borrowing Base or (iii) if, at the
time of such Incurrence and after giving pro forma effect thereto, the Consolidated Secured
Debt Ratio is greater than 3.5 to 1.0, the greater of (y) $55.0 million and (z) 50% of the
Borrowing Base; provided, however, with respect to clauses (i)(v), (ii)(x)
and (iii)(z) above, at the time of such Incurrence and after giving pro forma effect
thereto, the Consolidated Coverage Ratio would have been at least 2.00 to 1.00; and
provided further, however, that the aggregate amount of all
Indebtedness that may be Incurred and outstanding under this clause (b)(1) shall be reduced
by the aggregate amount of all Indebtedness Incurred pursuant to Section 4.03(b)(12) and
then outstanding but in no event will the amount of Indebtedness permitted to be so Incurred
pursuant to this clause (b)(1) be reduced to less than $55.0 million;

     (2) Indebtedness owed to and held by the Company or a Restricted Subsidiary;
provided, however, that (A) any subsequent issuance or transfer of any
Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to
be a Restricted Subsidiary or any subsequent transfer of such Indebtedness (other than to
the Company or a Restricted Subsidiary) shall be deemed, in each case, to constitute the
Incurrence of such Indebtedness by the obligor thereon, (B) if the Company is the obligor on
such Indebtedness, such Indebtedness is expressly subordinated to the prior payment in full
in cash of all obligations with respect to the Securities, and (C) if a Subsidiary Guarantor
is the obligor on such Indebtedness and the Company is not the payee, such Indebtedness is
expressly subordinated to the prior payment in full in cash of all obligations of such
Subsidiary Guarantor with respect to its Subsidiary Guaranty;

     (3) Indebtedness represented by the Securities issued on the Issue Date (and the
related Subsidiary Guaranties) and any Exchange Securities and Private Exchange Securities,
if any, issued in exchange therefor (and the related Subsidiary Guaranties);

     (4) Indebtedness outstanding on the Issue Date (other than Indebtedness described in
clause (1), (2) or (3) of this Section 4.03(b));

47

 

     (5) Indebtedness of Persons Incurred and outstanding on or prior to the date on which
such Person became a Restricted Subsidiary or was acquired by, or merged into, the Company
or any Restricted Subsidiary in accordance with the terms of this Indenture (other than
Indebtedness Incurred in connection with, or to provide all or any portion of the funds or
credit support utilized to consummate, the transaction or series of related transactions
pursuant to which such Person became a Restricted Subsidiary or was acquired by, or merged
into, the Company or any Restricted Subsidiary); provided,
however, that on the date such Person became a Restricted Subsidiary or the
date of such acquisition or merger, as applicable, and after giving pro forma effect
thereto, either (i) the Company would have been entitled to Incur at least $1.00 of
additional Indebtedness pursuant to Section 4.03(a) or (ii) the Consolidated Coverage Ratio
of the Company and its Restricted Subsidiaries would be greater than such Consolidated
Coverage Ratio immediately prior to the date such Person became a Restricted Subsidiary or
the date of such acquisition or merger, as applicable;

     (6) Refinancing Indebtedness in respect of Indebtedness Incurred pursuant to Section
4.03(a) or pursuant to clause (3), (4) or (5) of this Section 4.03(b) or this clause (6);
provided, however, that to the extent such Refinancing Indebtedness directly
or indirectly Refinances Indebtedness of a Restricted Subsidiary Incurred pursuant to clause
(5), such Refinancing Indebtedness shall be Incurred only by such Restricted Subsidiary;

     (7) Hedging Obligations that are Incurred for bona fide hedging purposes that are
entered into in the ordinary course of business and not for speculative purposes;

     (8) Obligations in respect of performance, bid, appeal and surety bonds and completion
guarantees provided by the Company or any Restricted Subsidiary in the ordinary course of
business;

     (9) Indebtedness arising from the honoring by a bank or other financial institution of
a check, draft or similar instrument drawn against insufficient funds in the ordinary course
of business; provided, however, that such Indebtedness is extinguished
within five Business Days of its Incurrence;

     (10) Indebtedness consisting of the Guarantee by the Company or any of the Subsidiary
Guarantors of Indebtedness of the Company or a Subsidiary Guarantor or a Foreign Subsidiary
(only to the extent such Indebtedness constitutes a Capitalized Lease Obligation in the case
of a Foreign Subsidiary) and Indebtedness consisting of the Guarantee by a Restricted
Subsidiary of Indebtedness of the Company, a Subsidiary Guarantor or a Foreign Subsidiary,
in each case that was permitted to be Incurred by another provision of this covenant;
provided, however, that if the Indebtedness being Guaranteed is subordinated
to or pari passu with the Securities or a Subsidiary Guaranty, then the Guarantee must be
subordinated or pari passu, as applicable, to the same extent as the Indebtedness
Guaranteed;

     (11) Purchase Money Indebtedness Incurred to finance the acquisition, design,
construction, installation, upgrade or improvement by the Company or a Restricted

48

 

Subsidiary of assets in the ordinary course of business, and any Refinancing Indebtedness Incurred to
Refinance such Indebtedness, in an aggregate principal amount which, when added together
with the amount of Indebtedness Incurred pursuant to this clause (11) and then outstanding,
does not exceed the greater of $15.0 million and 3% of Total Assets at the date of
determination;

     (12) Indebtedness Incurred in a Qualified Receivables Transaction or in a Permitted
Factoring Program that, in each case, is not recourse to the Company or any
Restricted Subsidiary (except for Standard Securitization Undertakings);
provided, however, that, immediately after giving effect to any such
Incurrence the aggregate principal amount of all Indebtedness Incurred pursuant to this
clause (12) and then outstanding does not exceed the aggregate principal amount of
Indebtedness permitted to be Incurred pursuant to clause (1) of this Section 4.03(b) less
the aggregate principal amount of Indebtedness Incurred pursuant to clause (1) of this
Section 4.03(b) and then outstanding;

     (13) (A) Indebtedness of Foreign Subsidiaries Incurred for working capital purposes
and (B) other Indebtedness of Foreign Subsidiaries in an aggregate principal amount, which,
when taken together with all other Indebtedness then outstanding and Incurred pursuant to
this subclause (B), does not exceed the greater of (x) $25.0 million and (y) 10% of the
total consolidated book value of the assets of all Foreign Subsidiaries (including assets of
any Foreign Subsidiary to be acquired by a Foreign Subsidiary using the net proceeds from
such Indebtedness as all or part of the financing thereof);

     (14) Indebtedness consisting of customary indemnification, adjustment of purchase
price, earn-out or similar obligations of the Company or any Restricted Subsidiary, in each
case Incurred in connection with the acquisition or disposition of any assets in accordance
with the terms of this Indenture; provided, however, that with respect to
any such disposition, the maximum aggregate liability in respect of all such Indebtedness
will at no time exceed the gross proceeds actually received by the Company and its
Restricted Subsidiaries in connection with such disposition;

     (15) Indebtedness of the Company or any Restricted Subsidiary, to the extent the
proceeds of such Indebtedness are deposited and used to defease the Securities pursuant to
Section 8.01 or to discharge the Company’s obligations under this Indenture pursuant to
Section 8.01;

     (16) Indebtedness consisting of reimbursement obligations with respect to letters of
credit, bankers’ acceptances, workers’ compensation claims or self-insurance, or other
Indebtedness with respect to reimbursement-type obligations regarding workers’ compensation
claims, in each case, in the ordinary course of business and other than for an obligation
for money borrowed;

     (17) contingent liabilities arising out of endorsements of checks and other negotiable
instruments for deposit or collection in the ordinary course of business;

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     (18) Indebtedness owed on a short-term basis of no longer than 30 days to banks and
other financial institutions Incurred in the ordinary course of business of Foreign
Subsidiaries with such banks and financial institutions that arises in connection with
ordinary banking arrangements to manage cash balances of the Foreign Subsidiaries;

     (19) Indebtedness representing installment insurance premiums of the Company or any
Restricted Subsidiary owing to insurance companies in the ordinary course of business;

     (20) Indebtedness of the Company or any of its Restricted Subsidiaries supported by a
letter of credit issued under the ABL Credit Facility in a principal amount not in excess of
the stated amount of such letter of credit; and

     (21) Indebtedness of the Company or of any of the Subsidiary Guarantors in an
aggregate principal amount which, when taken together with all other Indebtedness of the
Company and its Restricted Subsidiaries Incurred under this clause (21) and outstanding on
the date of such Incurrence does not exceed $35.0 million.

          (c) Notwithstanding the foregoing, neither the Company nor any Subsidiary Guarantor shall
Incur any Indebtedness pursuant to Section 4.03(b) if the proceeds thereof are used, directly or
indirectly, to Refinance any Subordinated Obligations of the Company or any Subsidiary Guarantor
unless such Indebtedness shall be subordinated to the Securities or to the applicable Subsidiary
Guaranty to at least the same extent as such Subordinated Obligations.

          (d) Notwithstanding Section 4.03(a) or 4.03(b), the Company shall not, and shall not permit
any Subsidiary Guarantor to, directly or indirectly, Incur any Indebtedness that is subordinated or
junior in right of payment to any Indebtedness of the Company or such Subsidiary Guarantor, as the
case may be, unless such Indebtedness is expressly subordinated in right of payment to the
Securities or such Subsidiary Guarantor’s Guaranty to the extent and in the same manner as such
Indebtedness is subordinated to other Indebtedness of the Company or such Subsidiary Guarantor, as
the case may be.

          (e) For purposes of determining compliance with this Section 4.03, (1) in the event that an
item of Indebtedness (or any portion thereof) meets the criteria of more than one of the types of
Indebtedness described in Section 4.03(b) or is entitled to be Incurred pursuant to Section
4.03(a), the Company, in its sole discretion, shall be permitted to classify and later reclassify
such item of Indebtedness (or any portion thereof) in any manner that complies with this Section
4.03 and shall only be required to include the amount and type of such Indebtedness in one of the
above clauses; provided, however, that (A) Indebtedness under the ABL Credit
Facility outstanding on the Issue Date, if any, will be deemed to have been Incurred on such date
under Section 4.03(b)(1) and (B) the Company will not be permitted to reclassify all or any portion
of any Indebtedness Incurred under Sections 4.03(b)(1) or (12); and (2) the Company shall be
entitled to divide and classify or reclassify (to the extent permitted by clause (1) of this
paragraph (e)) an item of Indebtedness in more than one of the types of Indebtedness described
herein.

50

 

          (f) For purposes of determining compliance with any U.S. dollar denominated restriction on the
Incurrence of Indebtedness where the Indebtedness Incurred is denominated in a different currency,
the amount of such Indebtedness shall be the U.S. Dollar Equivalent determined on the date of the
Incurrence of such Indebtedness; provided, however, that if any such Indebtedness
denominated in a different currency is subject to a Currency Agreement with respect to U.S. dollars
covering all principal, premium, if any, and interest payable on such Indebtedness, the amount of
such Indebtedness expressed in U.S. dollars shall be as provided in such Currency Agreement. The
principal amount of any Refinancing Indebtedness Incurred in the same currency as the Indebtedness
being Refinanced shall be the U.S. Dollar Equivalent of the Indebtedness Refinanced, except to the
extent that (1) such U.S. Dollar Equivalent was
determined based on a Currency Agreement, in which case the Refinancing Indebtedness shall be
determined in accordance with the preceding sentence, and (2) the principal amount of the
Refinancing Indebtedness exceeds the principal amount of the Indebtedness being Refinanced, in
which case the U.S. Dollar Equivalent of such excess, as appropriate, shall be determined on the
date such Refinancing Indebtedness is Incurred.

          SECTION 4.04. Limitation on Restricted Payments. (a) The Company shall not, and
shall not permit any Restricted Subsidiary to, directly or indirectly, make a Restricted Payment if
at the time the Company or such Restricted Subsidiary makes such Restricted Payment:

     (1) a Default shall have occurred and be continuing (or would result therefrom);

     (2) the Company is not entitled to Incur an additional $1.00 of Indebtedness under
Section 4.03(a); or

     (3) the aggregate amount of such Restricted Payment and all other Restricted Payments
since the Issue Date would exceed the sum of (without duplication):

     (A) 50% of the Consolidated Net Income accrued during the period (treated as one
accounting period) from October 1, 2010 to the end of the most recent fiscal quarter ending
prior to the date of such Restricted Payment for which financial statements are available
(or, in case such Consolidated Net Income shall be a deficit, minus 100% of such deficit);
plus

     (B) 100% of the aggregate Net Cash Proceeds received by the Company from the issuance
or sale of its Qualified Capital Stock subsequent to the Issue Date and 100% of any cash
capital contribution in respect of its Qualified Capital Stock received by the Company from
its shareholders subsequent to the Issue Date; plus

     (C) the amount by which Indebtedness of the Company is reduced on the Company’s balance
sheet upon the conversion or exchange subsequent to the Issue Date of any Indebtedness of
the Company for Qualified Capital Stock of the Company (less the amount of any cash, or the
fair value of any other property, distributed by the Company upon such conversion or
exchange); provided, however, that the foregoing amount shall not exceed the
Net Cash Proceeds received by the Company or any Restricted Subsidiary from the sale of such
Indebtedness (excluding Net Cash Proceeds

51

 

from sales to a Subsidiary of the Company or to an
employee stock ownership plan or to a trust established by the Company or any of its
Subsidiaries for the benefit of their employees); plus

     (D) an amount equal to the sum of (i) 100% of the aggregate net cash proceeds from
Investments (other than Permitted Investments) made by the Company or any Restricted
Subsidiary in any Person (other than the Company or any Restricted Subsidiaries) resulting
from repurchases, repayments or redemptions of such Investments by such Person, proceeds
realized on the sale of such Investment and proceeds representing the return of capital,
dividends or distributions, in each case received by the Company or any Restricted
Subsidiary, and (ii) to the extent such Person is an
Unrestricted Subsidiary, the portion (proportionate to the Company’s equity interest in
such Subsidiary) of the fair market value of the net assets of such Unrestricted Subsidiary
at the time such Unrestricted Subsidiary is designated a Restricted Subsidiary.

          (b) The provisions of Section 4.04(a) shall not prohibit:

     (1) any Restricted Payment made out of the Net Cash Proceeds of the substantially
concurrent sale of, or made by exchange for, Qualified Capital Stock of the Company or a
substantially concurrent cash capital contribution received by the Company from its
shareholders in respect of its Qualified Capital Stock; provided, however,
that (A) such Restricted Payment shall be excluded in the calculation of the amount of
Restricted Payments and (B) the Net Cash Proceeds from such sale or such cash capital
contribution (to the extent so used for such Restricted Payment) shall be excluded from the
calculation of amounts under Section 4.04(a)(3)(B);

     (2) any purchase, repurchase, redemption, defeasance or other acquisition or
retirement for value of Subordinated Obligations of the Company or a Subsidiary Guarantor
made by exchange for, or out of the proceeds of the substantially concurrent Incurrence of,
Indebtedness of such Person which is permitted to be Incurred pursuant to Section 4.03;
provided, however, that such purchase, repurchase, redemption, defeasance or
other acquisition or retirement for value shall be excluded in the calculation of the amount
of Restricted Payments;

     (3) the payment of any dividend or distribution or redemption of any Capital Stock or
Subordinated Obligation within 60 days after the date of declaration thereof or call for
redemption if, at such date of declaration or call for redemption, such payment or
redemption was permitted by the provisions of Section 4.04(a) (the declaration of such
payment will be deemed a Restricted Payment under Section 4.04(a) as of the date of
declaration and the payment itself will be deemed to have been paid on such date of
declaration and will not also be deemed a Restricted Payment under Section 4.04(a));
provided, however, that any Restricted Payment made in reliance on this
clause (3) shall reduce the amount available for Restricted Payments pursuant to Section
4.04(a)(3) only once;

     (4) so long as no Default has occurred and is continuing, the purchase, redemption or
other acquisition of shares of Capital Stock of the Company or any of its

52

 

Subsidiaries from employees, former employees, directors or former directors of the Company or any of its
Subsidiaries (or permitted transferees of such employees, former employees, directors or
former directors), pursuant to the terms of the agreements (including employment agreements)
or plans (or amendments thereto) approved by the Board of Directors under which such
individuals purchase or sell, or are granted the option to purchase or sell, shares of such
Capital Stock; provided, however, that the aggregate amount of such
Restricted Payments (excluding amounts representing cancellation of Indebtedness) shall not
exceed $3.5 million in any calendar year, except that any amount not so used in any calendar
year may be used in subsequent calendar years up to $7.5 million in any calendar year;
provided further, however, that the maximum amount in any calendar
year may be increased by an amount not to exceed an
amount equal to (A) the cash proceeds of key man life insurance policies received by
the Company and its Restricted Subsidiaries after the Issue Date, less any amounts
previously applied to the payment of Restricted Payments pursuant to this clause (4), plus
(B) the aggregate cash proceeds received from the Company during that calendar year from any
reissuance of Qualified Capital Stock by the Company to employees, officers and directors of
the Company and its Restricted Subsidiaries and previously applied to the payment of
Restricted Payments, plus (C) any cash proceeds paid to the Company since the Issue Date in
connection with the issuance or exercise of any management or employee Qualified Capital
Stock so acquired and previously applied to the payment of Restricted Payments;
provided, however, that any proceeds described in clause (B) or (C) shall be
excluded in the calculation of the amounts under Section 4.04(a)(3)(B); provided
further, however, that such purchases, redemptions and other acquisitions
shall be excluded in the calculation of the amount of Restricted Payments;

     (5) the declaration and payment of dividends on Disqualified Stock issued pursuant to
Section 4.03; provided, however, that, at the time of payment of such
dividend, no Default shall have occurred and be continuing (or result therefrom);
provided further, however, that such dividends shall be excluded in
the calculation of the amount of Restricted Payments;

     (6) repurchases of Capital Stock deemed to occur (i) upon exercise of stock options or
stock warrants if such Capital Stock represents a portion of the exercise price of such
options or warrants or (ii) in connection with withholding or similar taxes payable by any
future, present or former employee, director or officer; provided, however,
that such Restricted Payments shall be excluded in the calculation of the amount of
Restricted Payments;

     (7) cash payments in lieu of the issuance of fractional shares in connection with the
exercise of warrants, options or other securities convertible into or exchangeable for
Capital Stock of the Company; provided, however, that any such cash payment
shall not be for the purpose of evading the limitation of the covenant described under this
subheading (as determined in good faith by the Board of Directors); provided
further, however, that such payments shall be excluded in the calculation of
the amount of Restricted Payments;

53

 

     (8) in the event of a Change of Control, and if no Default shall have occurred and be
continuing, the payment, purchase, redemption, defeasance or other acquisition or retirement
of Subordinated Obligations of the Company or any Subsidiary Guarantor, in each case, at a
purchase price not greater than 101% of the principal amount of such Subordinated
Obligations, plus any accrued and unpaid interest thereon; provided,
however, that prior to such payment, purchase, redemption, defeasance or other
acquisition or retirement, the Company (or a third party to the extent permitted by this
Indenture) has made a Change of Control Offer with respect to the Securities as a result of
such Change of Control and has repurchased all Securities validly tendered and not withdrawn
in connection with such Change of Control Offer; provided further,
however, that such payments, purchases, redemptions, defeasances or other
acquisitions or retirements shall be included in the calculation of the amount of Restricted
Payments;

     (9) payments of intercompany subordinated Indebtedness, the Incurrence of which was
permitted under Section 4.03(b)(2); provided, however, that no Default has
occurred and is continuing or would otherwise result therefrom; provided
further, however, that such payments shall be excluded in the calculation of
the amount of Restricted Payments;

     (10) so long as no Default has occurred and is continuing or would be caused thereby,
the repurchase, redemption or other acquisition or retirement for value of Subordinated
Obligations with any excess Net Available Cash remaining after the consummation of an offer
to purchase Securities pursuant to Section 4.06; provided, however, that
such repurchase, redemption or other acquisition or retirement shall be excluded in the
calculation of the amount of Restricted Payments;

     (11) the repurchase, redemption or other acquisition for value of Capital Stock of the
Company or any direct or indirect parent of the Company representing fractional shares of
such Capital Stock in connection with a merger, consolidation, amalgamation or other
combination involving the Company in an amount which, when taken together with all
Restricted Payments made pursuant to this clause (11) does not exceed $1.0 million;
provided, however, that such repurchase, redemption or other acquisition
shall be excluded in the calculation of the amount of Restricted Payments;

     (12) the distribution, as a dividend or otherwise, of Capital Stock or any assets of
any Unrestricted Subsidiary; provided, however, that such Restricted
Payments shall be excluded in the calculation of the amount of Restricted Payments;

     (13) the repayment of all outstanding Indebtedness under the Company’s 11%/13% third
lien senior secured notes due 2013 and 8% senior notes due 2013 in connection with the
Transactions and the payment of all accrued interest thereon and related redemption
premiums; provided, however, that such Restricted Payments shall be excluded
in the calculation of the amount of Restricted Payments; and

     (14) other Restricted Payments in an amount which, when taken together with all
Restricted Payments made pursuant to this clause (14), does not exceed $10.0 million;
provided, however, that (A) at the time of each such Restricted Payment, no
Default shall

54

 

have occurred and be continuing (or result therefrom) and (B) such Restricted
Payments shall be excluded in the calculation of the amount of Restricted Payments.

     The amount of all Restricted Payments (other than cash) shall be the fair market value on the
date of the Restricted Payment of the asset(s) or securities proposed to be transferred or issued
to or by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted
Payment, as determined in good faith by the Board of Directors, if the fair market value is equal
to or exceeds $5.0 million, or by an Officer, if the fair market value is less than $5.0 million.
The fair market value of any cash Restricted Payment shall be its face amount.

     For purposes of determining compliance with this Section 4.04, in the event that a proposed
Restricted Payment (or portion thereof) meets the criteria of more than one of the categories of
Restricted Payments described in clauses (1) through (14) of Section 4.04(b), or is
permitted pursuant to Section 4.04(a), the Company will be entitled to classify (but not
reclassify) such Restricted Payment (or portion thereof) on the date of its payment in any manner
that complies with this Section 4.04.

          SECTION 4.05. Limitation on Restrictions on Distributions from Restricted
Subsidiaries. The Company shall not, and shall not permit any Restricted Subsidiary to, create
or otherwise cause or permit to exist or become effective any consensual encumbrance or restriction
on the ability of any Restricted Subsidiary to (a) pay dividends or make any other distributions on
its Capital Stock to the Company or a Restricted Subsidiary or pay any Indebtedness owed to the
Company, (b) make any loans or advances to the Company or (c) transfer any of its property or
assets to the Company, except:

     (1) with respect to clauses (a), (b) and (c),

     (A) (1) any encumbrance or restriction imposed pursuant to or required by an agreement
in effect at or entered into on the Issue Date (including pursuant to the ABL Credit
Facility) and (2) any encumbrance or restriction existing under, or otherwise required by or
imposed pursuant to, the Security Documents;

     (B) any encumbrance or restriction with respect to a Person pursuant to an agreement
relating to any Indebtedness Incurred by such Person on or prior to the date on which such
Person became a Restricted Subsidiary or was acquired by, or merged into, the Company (other
than Indebtedness Incurred as consideration in, or to provide all or any portion of the
funds or credit support utilized to consummate, the transaction or series of related
transactions pursuant to which such Person became a Restricted Subsidiary or was acquired
by, or merged into, the Company) and outstanding on such date, which encumbrance or
restriction is not applicable to any Person, or the property or assets of any Person, other
than the Person and its Subsidiaries, or the property or assets of the Person and its
Subsidiaries, so acquired;

     (C) any encumbrance or restriction with respect to a Restricted Subsidiary imposed
pursuant to an agreement entered into for the sale or disposition of all or substantially
all of the Capital Stock or assets of such Restricted Subsidiary pending the closing of such
sale or disposition;

55

 

     (D) any encumbrance or restriction with respect to contractual requirements of a
Receivables Subsidiary in connection with a Qualified Receivables Transaction;
provided that any such encumbrances or restrictions apply only to such Receivables
Subsidiary;

     (E) restrictions on cash or other deposits imposed by customers, suppliers or landlords
under contracts entered into in the ordinary course of business;

     (F) any encumbrance or restriction pursuant to any Purchase Money Indebtedness
permitted to be Incurred under Section 4.03(b)(11); provided, however, that
any such encumbrances or restrictions apply only to the assets the purchase of which is
being financed with such Purchase Money Indebtedness;

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

     (H) any encumbrance or restriction contained in any Indebtedness Incurred by a Foreign
Subsidiary in accordance with this Indenture to the extent such encumbrance or restriction
applies only to the assets of such Foreign Subsidiary or any other Foreign Subsidiary;

     (I) any encumbrance or restriction arising or existing by reason of applicable law,
rule, regulation or order;

     (J) any encumbrance or restriction arising from customary provisions in Hedging
Obligations permitted under Section 4.03(b)(7);

     (K) negative pledges and restrictions on Liens in favor of any holder of Indebtedness
permitted under this Indenture; and

     (L) encumbrances and restrictions contained in indentures or debt instruments or other
debt arrangements Incurred or Preferred Stock issued by Subsidiary Guarantors in accordance
with Section 4.03 that are not more restrictive, taken as a whole and in the good faith
judgment of the Board of Directors, than those applicable to the Company in this Indenture
and the ABL Credit Facility on the Issue Date (which results in encumbrances or restrictions
comparable to those applicable to the Company at a Restricted Subsidiary level); and

     (2) with respect to clause (c) only,

     (A) any encumbrance or restriction consisting of customary nonassignment provisions in
leases or other agreements to the extent such provisions restrict the transfer of the
property or assets subject to such agreements; and

56

 

     (B) any encumbrance or restriction contained in security agreements or mortgages
securing Indebtedness of a Restricted Subsidiary to the extent such encumbrance or
restriction restricts the transfer of the property subject to such security agreements or
mortgages; and

     (3) any encumbrances or restrictions of the type referred to in clauses (a), (b) and
(c) above imposed by any amendments or refinancings of the contracts, instruments or
obligations referred to in paragraphs (1) and (2) above; provided, however,
that such amendments or refinancings are, in the good faith judgment of the Board of
Directors, no more restrictive with respect to such dividend and other restrictions taken as
a whole than those contained in such contracts, instruments or obligations prior to such
amendment or refinancing.

          SECTION 4.06. Limitation on Sales of Assets and Subsidiary Stock. (a) The Company
shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, consummate
any Asset Disposition unless:

     (1) the Company or such Restricted Subsidiary receives consideration at the time of
such Asset Disposition at least equal to the fair market value (including as to the value of
all non-cash consideration) of the shares and assets subject to such Asset Disposition, as
determined in good faith by the Board of Directors, if the fair market value is equal to or
exceeds $5.0 million, or by an Officer, if the fair market value is less than $5.0 million;

     (2) except in the case of a Permitted Asset Swap, at least 75% of the consideration
therefor received by the Company or such Restricted Subsidiary is in the form of cash or
cash equivalents; and

     (3) subject to the terms, conditions and provisions of the Intercreditor Agreement, an
amount equal to 100% of the Net Available Cash from such Asset Disposition is applied by the
Company (or such Restricted Subsidiary, as the case may be);

     (A) to the extent the Company elects (or is required by the terms of any Indebtedness),
to prepay, repay, redeem or purchase (x) First Lien Obligations; (y) Other Second Lien
Obligations; provided, however, that the Company shall equally and ratably
(based on the aggregate principal amounts (or accreted value, as applicable)) reduce
Obligations under the Securities through open-market purchases (to the extent such purchases
are at or above 100% of the principal amount thereof) or by making an offer (in accordance
with the procedures set forth below) to all Holders to purchase their Securities at 100% of
the principal amount thereof, plus the amount of accrued but unpaid interest, if any, on the
amount of Securities that would otherwise be prepaid; or (z) Indebtedness (other than any
Disqualified Stock) of a Restricted Subsidiary that is not a Subsidiary Guarantor, other
than Indebtedness owed to the Company or another Restricted Subsidiary, in the case of each
of clauses (x), (y) and (z), within one year from the later of the date of such Asset
Disposition or the receipt of such Net Available Cash;

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     (B) to the extent the Company elects, to acquire Additional Assets within one year from
the later of the date of such Asset Disposition or the receipt of such Net Available Cash;
provided, however, that to the extent that the assets disposed of in such
Asset Disposition were Collateral, such assets are pledged as Collateral under the Security
Documents with the Lien on such Collateral securing the Securities being of the same
priority with respect to the Securities as the Lien on the assets which were disposed;
provided further, however, that up to $20.0 million of Net Available
Cash from such dispositions of Collateral may be used to acquire assets that will be owned
by a Foreign Subsidiary or Capital Stock of a Foreign Subsidiary that are not required to be
so pledged; and

     (C) to the extent of the balance of such Net Available Cash after application in
accordance with clauses (A) and (B), to make an offer to (x) in the case of Net Available
Cash from the disposition of Collateral, all Holders, and if required by the terms of any
Other Second Lien Obligations, holders of such Other Second Lien Obligations and (y) in
the case of any other Net Available Cash, all Holders and all holders of other Indebtedness
that ranks pari passu in right of payment with the Securities containing provisions similar
to those set forth in this Indenture with respect to offers to purchase or redeem with the
proceeds of sales of assets (“Pari Passu Indebtedness”);

provided, however, that in connection with any prepayment, repayment or purchase of
Indebtedness pursuant to clause (A) or (C) above, the Company or such Restricted Subsidiary shall
permanently retire such Indebtedness and shall cause the related loan commitment (if any) to be
permanently reduced in an amount equal to the principal amount so prepaid, repaid or purchased.

     Notwithstanding the foregoing provisions of this Section 4.06, the Company and the Restricted
Subsidiaries shall not be required to apply any Net Available Cash in accordance with this Section
4.06(a) except to the extent that the aggregate Net Available Cash from all Asset Dispositions
which is not applied in accordance with this Section 4.06(a) exceeds $10.0 million. Pending
application of Net Available Cash pursuant to this Section 4.06(a), such Net Available Cash shall
be invested in Temporary Cash Investments or applied to temporarily reduce revolving credit
Indebtedness.

          For the purposes of this Section 4.06(a), the following are deemed to be cash or cash
equivalents:

          (i) the assumption or discharge of Indebtedness of the Company (other than Obligations in
respect of Disqualified Stock of the Company) or any Restricted Subsidiary (other than Obligations
in respect of Disqualified Stock or Preferred Stock of a Subsidiary Guarantor) and the release of
the Company or such Restricted Subsidiary from all liability on such Indebtedness in connection
with such Asset Disposition;

          (ii) securities received by the Company or any Restricted Subsidiary from the transferee that
are converted within 120 days by the Company or such Restricted Subsidiary into cash, to the extent
of the cash received in that conversion; and

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          (iii) any Designated Non-cash Consideration received by the Company or any Restricted
Subsidiary in an Asset Disposition having an aggregate fair market value, taken together with all
other Designated Non-cash Consideration received pursuant to this clause (iii) (unless such
Designated Non-cash Consideration has been converted into cash, which shall be treated after such
conversion as Net Available Cash), not to exceed 2.5% of Total Assets at the time of the receipt of
such Designated Non-cash Consideration.

          (b) In the event of an Asset Disposition that requires the purchase of Securities (and, if
applicable, any other Second Lien Obligations or Pari Passu Indebtedness of the Company) pursuant
to Section 4.06(a)(3)(C), the Company shall purchase Securities tendered pursuant to an offer by
the Company for the Securities (and, if applicable, such other Second Lien Obligations or Pari
Passu Indebtedness of the Company) (the “Offer”) at a purchase price of 100% of their principal
amount (or, in the event such other Second Lien Obligations or Pari Passu Indebtedness of the
Company was issued with significant original issue discount, 100% of
the accreted value thereof) without premium, plus accrued but unpaid interest, if any (or, in
respect of such other Second Lien Obligations or Pari Passu Indebtedness of the Company, such
lesser price, if any, as may be provided for by the terms of such Indebtedness) in accordance with
the procedures (including prorating in the event of oversubscription) set forth in Section 4.06(c).
If the aggregate purchase price of the securities tendered exceeds the Net Available Cash allotted
to their purchase, the Company shall select the securities to be purchased on a pro rata basis but
in round denominations, which in the case of the Securities will be denominations of $2,000
principal amount or any greater integral multiple of $1,000 thereof. The Company shall not be
required to make an Offer to purchase Securities (and, if applicable, other Second Lien Obligations
or Pari Passu Indebtedness of the Company) pursuant to this Section 4.06 if the Net Available Cash
available therefor is less than $10.0 million (which lesser amount shall be carried forward for
purposes of determining whether such an Offer is required with respect to the Net Available Cash
from any subsequent Asset Disposition). Upon completion of such an Offer, Net Available Cash shall
be deemed to be reduced by the aggregate amount of such Offer.

          (c) (1) Promptly, and in any event within 30 days after the Company becomes obligated to make
an Offer, the Company shall deliver to the Trustee and send, by first-class mail to each Holder, a
written notice stating that the Holder may elect to have his Securities purchased by the Company
either in whole or in part (subject to prorating as described in Section 4.06(b) in the event the
Offer is oversubscribed) in denominations of $2,000 of principal amount or any greater integral
multiple of $1,000 thereof, at the applicable purchase price. The notice shall specify a purchase
date not less than 30 days nor more than 60 days after the date of such notice (the “Purchase
Date”) and shall contain such information concerning the business of the Company which the Company
in good faith believes will enable such Holders to make an informed decision (which at a minimum
will include (A) the most recently filed Annual Report on Form 10-K (including audited consolidated
financial statements) of the Company, the most recent subsequently filed Quarterly Report on Form
10-Q and any Current Report on Form 8-K of the Company filed subsequent to such Quarterly Report,
other than Current Reports describing Asset Dispositions otherwise described in the offering
materials (or corresponding successor reports), (B) a description of material developments in the
Company’s business subsequent to the date of the latest of such Reports, and (C) if material,
appropriate pro forma financial

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information) and all instructions and materials necessary to tender
Securities pursuant to the Offer, together with the information contained in clause (3).

          (2) Not later than the date upon which written notice of an Offer is delivered to the Trustee
as provided above, the Company shall deliver to the Trustee an Officers’ Certificate as to (A) the
amount of the Offer (the “Offer Amount”), including information as to any other Second Lien
Obligations or Pari Passu Indebtedness included in the Offer, (B) the allocation of the Net
Available Cash from the Asset Dispositions pursuant to which such Offer is being made and (C) the
compliance of such allocation with the provisions of Section 4.06(a) and (b). On such date, the
Company shall also irrevocably deposit with the Trustee or with a Paying Agent (or, if the Company
is acting as its own Paying Agent, segregate and hold in trust) in Temporary Cash Investments,
maturing on the last day prior to the Purchase Date or on the Purchase Date if funds are
immediately available by open of business, an amount equal to the Offer Amount to be held for
payment in accordance with the provisions of this Section. If the Offer includes other Second Lien
Obligations or Pari Passu Indebtedness, the deposit described in the preceding sentence may be made
with any other paying agent pursuant to arrangements
satisfactory to the Trustee. Upon the expiration of the period for which the Offer remains open
(the “Offer Period”), the Company shall deliver to the Trustee for cancellation the Securities or
portions thereof which have been properly tendered to and are to be accepted by the Company. The
Trustee shall, on the Purchase Date, mail or deliver payment (or cause the delivery of payment) to
each tendering Holder in the amount of the purchase price. In the event that the aggregate
purchase price of the Securities delivered by the Company to the Trustee is less than the Offer
Amount applicable to the Securities, the Trustee shall deliver the excess to the Company
immediately after the expiration of the Offer Period.

          (3) Holders electing to have a Security purchased shall be required to surrender the Security,
with an appropriate form duly completed, to the Company at the address specified in the notice at
least three Business Days prior to the Purchase Date. Holders shall be entitled to withdraw their
election if the Trustee or the Company receives not later than one Business Day prior to the
Purchase Date, a telex, facsimile transmission or letter setting forth the name of the Holder, the
principal amount of the Security which was delivered for purchase by the Holder and a statement
that such Holder is withdrawing his election to have such Security purchased. Holders whose
Securities are purchased only in part shall be issued new Securities equal in principal amount to
the unpurchased portion of the Securities surrendered.

          (4) At the time the Company delivers Securities to the Trustee which are to be accepted for
purchase, the Company shall also deliver an Officers’ Certificate stating that such Securities are
to be accepted by the Company pursuant to and in accordance with the terms of this Section. A
Security shall be deemed to have been accepted for purchase at the time the Trustee, directly or
through an agent, mails or delivers payment therefor to the surrendering Holder.

          (d) The Company shall comply, to the extent applicable, with the requirements of Section 14(e)
of the Exchange Act and any other securities laws or regulations in connection with the repurchase
of Securities pursuant to this Section 4.06. To the extent that the provisions of any securities
laws or regulations conflict with provisions of this Section 4.06, the Company shall comply with
the applicable securities laws and regulations and shall not be

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deemed to have breached its
obligations under this Section 4.06 by virtue of its compliance with such securities laws or
regulations.

          SECTION 4.07. Limitation on Affiliate Transactions. (a) The Company shall not, and
shall not permit any Restricted Subsidiary to, enter into or permit to exist any transaction
(including the purchase, sale, lease or exchange of any property, employee compensation
arrangements or the rendering of any service) with, or for the benefit of, any Affiliate of the
Company (an “Affiliate Transaction”) involving aggregate payments or consideration in excess of
$500,000 unless:

     (1) the terms of the Affiliate Transaction are no less favorable to the Company or
such Restricted Subsidiary than those that could be obtained at the time of the Affiliate
Transaction in arm’s-length dealings with a Person who is not an Affiliate;

     (2) if such Affiliate Transaction or series of related Affiliate Transactions involves
an aggregate amount in excess of $5.0 million, the terms of the Affiliate
Transaction or series of related Affiliate Transactions are set forth in writing and a
majority of the non-employee directors of the Company disinterested with respect to such
Affiliate Transaction or series of related Affiliate Transactions have determined in good
faith that the criteria set forth in clause (1) are satisfied and have approved the relevant
Affiliate Transaction or series of related Affiliate Transactions as evidenced by a
resolution of the Board of Directors; and

     (3) if such Affiliate Transaction or series of related Affiliate Transactions involves
an aggregate amount in excess of $15.0 million, the Board of Directors shall also have
received a written opinion from an Independent Qualified Party to the effect that such
Affiliate Transaction or series of related Affiliate Transactions is fair, from a financial
standpoint, to the Company and its Restricted Subsidiaries or is not less favorable to the
Company and its Restricted Subsidiaries than could reasonably be expected to be obtained at
the time in an arm’s-length transaction with a Person who was not an Affiliate.

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

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

     (2) any Investment (other than a Permitted Investment) or other Restricted Payment, in
each case permitted to be made pursuant to Section 4.04 (but only to the extent included in
the calculation of the amount of Restricted Payments made pursuant to Section 4.04(a)(3));

     (3) any issuance of securities, or other payments, awards or grants in cash,
securities or otherwise pursuant to, or the funding of, employment, severance or
compensation arrangements, stock options and stock ownership plans or other employee benefit
plans entered into in the ordinary course of business, in each case approved by the Board of
Directors;

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     (4) loans or advances to employees in the ordinary course of business in accordance
with the past practices of the Company or its Restricted Subsidiaries, but in any event not
to exceed $2.0 million in the aggregate outstanding at any one time;

     (5) the payment of reasonable fees and the reimbursement of ordinary course expenses
to directors of the Company and its Restricted Subsidiaries who are not employees of the
Company or its Restricted Subsidiaries and any payments pursuant to indemnification
arrangements with directors and officers of the Company or its Restricted Subsidiaries;

     (6) any transaction with the Company, a Restricted Subsidiary or joint venture or
similar entity which would constitute an Affiliate Transaction solely because the Company or
a Restricted Subsidiary owns an equity interest in or otherwise controls such Restricted
Subsidiary, joint venture or similar entity;

     (7) the issuance or sale of any Capital Stock (other than Disqualified Stock) of the
Company to Affiliates of the Company and the granting of registration and other customary
rights in connection therewith or any contribution to the Capital Stock of the Company or
any Restricted Subsidiary;

     (8) any agreement as in effect on the Issue Date and described in the Offering
Circular or any renewals or extensions of any such agreement (so long as such renewals or
extensions of any such agreement, taken as a whole, are not less favorable to the Company or
the Restricted Subsidiaries) and the transactions evidenced thereby;

     (9) transactions with customers, clients, lessors, landlords, suppliers, contractors
or purchasers or sellers of goods or services, in each case in the ordinary course of
business and otherwise in compliance with the terms of this Indenture that are on terms no
less favorable than those that would have been obtained in a comparable transaction with an
unrelated party; and

     (10) any Qualified Receivables Transaction and Permitted Factoring Program, and the
Incurrence of obligations and acquisitions of Permitted Investments and other rights or
assets in connection with a Qualified Receivables Transaction or a Permitted Factoring
Program.

          SECTION 4.08. Limitation on Line of Business. The Company shall not, and shall not
permit any Restricted Subsidiary to, engage in any business other than a Related Business.

          SECTION 4.09. Change of Control. (a) Upon the occurrence of a Change of Control,
each Holder shall have the right to require that the Company purchase such Holder’s Securities at a
purchase price in cash equal to 101% of the principal amount thereof on the date of purchase plus
accrued and unpaid interest, if any, to the date of purchase (subject to the right of Holders of
record on the relevant record date to receive interest due on the relevant interest payment date),
in accordance with the terms contemplated in Section 4.09(b).

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          (b) Within 30 days following any Change of Control, the Company shall mail a notice to each
Holder with a copy to the Trustee (the “Change of Control Offer”) stating:

     (1) that a Change of Control has occurred and that such Holder has the right to
require the Company to purchase such Holder’s Securities at a purchase price in cash equal
to 101% of the principal amount thereof on the date of purchase, plus accrued and unpaid
interest, if any, to the date of purchase (subject to the right of Holders of record on the
relevant record date to receive interest on the relevant interest payment date);

     (2) the circumstances and relevant facts regarding such Change of Control (including
information with respect to pro forma historical income, cash flow and capitalization, in
each case after giving effect to such Change of Control);

     (3) the purchase date (which shall be no earlier than 30 days nor later than 60 days
from the date such notice is mailed); and

     (4) the instructions, as determined by the Company, consistent with this Section 4.09,
that a Holder must follow in order to have its Securities purchased.

          (c) Holders electing to have a Security purchased will be required to surrender the Security,
with an appropriate form duly completed, to the Company at the address specified in the notice at
least three Business Days prior to the purchase date. Holders will be entitled to withdraw their
election if the Trustee or the Company receives not later than one Business Day prior to the
purchase date, a telegram, telex, facsimile transmission or letter setting forth the name of the
Holder, the principal amount of the Security which was delivered for purchase by the Holder and a
statement that such Holder is withdrawing his election to have such Security purchased.

          (d) On the purchase date, all Securities purchased by the Company under this Section shall be
delivered by the Company to the Trustee for cancellation, and the Company shall pay the purchase
price plus accrued and unpaid interest, if any, to the Holders entitled thereto.

          (e) Notwithstanding the foregoing provisions of this Section 4.09, the Company shall not be
required to make a Change of Control Offer following a Change of Control if (i) a third party makes
the Change of Control Offer in the manner, at the times and otherwise in compliance with the
requirements set forth in this Section 4.09 applicable to a Change of Control Offer made by the
Company and purchases all Securities validly tendered and not withdrawn under such Change of
Control Offer or (ii) a notice of redemption has been given pursuant to Section 3.03 unless and
until there is a default on the payment of the applicable redemption price. A Change of Control
Offer may be made in advance of a Change of Control, conditioned on the consummation of the Change
of Control, if a definitive agreement is in effect for the Change of Control at the time of the
making of such Change of Control Offer.

          (f) The Company shall comply, to the extent applicable, with the requirements of Section 14(e)
of the Exchange Act and any other securities laws or regulations in connection with the repurchase
of Securities pursuant to this Section 4.09. To the extent that the provisions of any securities
laws or regulations conflict with the provisions of this Section 4.09,

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the Company shall comply
with the applicable securities laws and regulations and shall not be deemed to have breached its
obligations under this Section 4.09 by virtue of its compliance with such securities laws or
regulations.

          SECTION 4.10. Limitation on Liens. The Company shall not, and shall not permit any
Restricted Subsidiary to, directly or indirectly, Incur or permit to exist any Lien on any asset or
property of the Company or such Restricted Subsidiary securing Indebtedness unless:

     (i) in the case of any Lien securing any Indebtedness other than any First Lien
Obligation or Other Second Lien Obligation of the Company or any Subsidiary Guarantor (such
Lien, a “Junior Lien”), such Junior Lien is a Permitted Lien;

     (ii) in the case of any Lien securing any First Lien Obligation of the Company or any
Subsidiary Guarantor, the Securities or the applicable Subsidiary Guaranty, as the
case may be, shall be granted a second-priority security interest (subject to Permitted
Liens) upon the assets or property constituting the Collateral for such First Lien
Obligations, except as set forth in the Security Documents; and

     (iii) in the case of any Lien securing any Other Second Lien Obligations of the
Company or any Subsidiary Guarantor, the Securities or the applicable Subsidiary Guaranty,
as the case may be, shall be granted a second-priority security interest (subject to
Permitted Liens) upon the assets or property constituting the collateral for such Other
Second Lien Obligations;

provided, however, that, in the case of each of clauses (ii) and (iii), the holder
of any Lien permitted to be Incurred pursuant to this paragraph shall become bound by the terms of
the Intercreditor Agreement or shall become subject to an intercreditor agreement consistent with
the Intercreditor Agreement (x) in the case of any Lien securing a First Lien Obligation, on
substantially the same basis as the First Priority Secured Parties and (y) in the case of any Lien
securing an Other Second Lien Obligation, on the same basis as the Holders.

          Any Lien created for the benefit of the Holders pursuant to clause (i) of the preceding
paragraph (unless also granted pursuant to clause (ii) of the preceding paragraph) shall provide by
its terms that such Lien shall be automatically and unconditionally released and discharged upon
the release and discharge of the Lien that gave rise to the obligation to secure the Securities or
the applicable Subsidiary Guaranty under such clause (i).

          For purposes of determining compliance with this Section 4.10, (A) a Lien securing an item of
Indebtedness need not be permitted solely by reference to one category of Permitted Liens described
in clauses (1) through (29) of the definition of “Permitted Liens” or pursuant to the first
paragraph of this Section 4.10 but may be permitted in part under any combination thereof and (B)
in the event that a Lien securing an item of Indebtedness, Disqualified Stock or Preferred Stock
(or any portion thereof) meets the criteria of one or more of the categories of Permitted Liens
described in clauses (1) through (29) of the definition of “Permitted Liens” or pursuant to the
first paragraph of this Section 4.10, the Company shall, in its sole discretion, classify or
reclassify, or later divide, classify or reclassify, such Lien securing

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such item of Indebtedness
(or any portion thereof) in any manner that complies with this covenant and will only be required
to include the amount and type of such Lien or such item of Indebtedness secured by such Lien in
one of the clauses of the definition of “Permitted Liens” and such Lien securing such item of
Indebtedness will be treated as being Incurred or existing pursuant to only one of such clauses or
pursuant to the first paragraph of this Section 4.10.

          With respect to any Lien securing Indebtedness that was permitted to secure such Indebtedness
at the time of the Incurrence of such Indebtedness, such Lien shall also be permitted to secure any
Increased Amount of such Indebtedness. The “Increased Amount” of any Indebtedness shall mean any
increase in the amount of such Indebtedness in connection with any accrual of interest or fees, the
accretion of accreted value, the amortization of original issue discount, the payment of interest
in the form of additional Indebtedness with the same terms or in the form of common stock of the
Company, the payment of dividends on Preferred Stock in the form of additional shares of Preferred
Stock of the same class, accretion of original issue discount or liquidation preference and
increases in the amount of Indebtedness outstanding solely
as a result of fluctuations in the exchange rate of currencies or increases in the value of
property securing Indebtedness described in clause (2) of the definition of “Indebtedness.”

          SECTION 4.11. Limitation on Sale/Leaseback Transactions. The Company shall not, and
shall not permit any Restricted Subsidiary to, enter into any Sale/Leaseback Transaction with
respect to any property unless:

          (a) the Company or such Restricted Subsidiary would be entitled to (1) Incur Indebtedness in
an amount equal to the Attributable Debt with respect to such Sale/Leaseback Transaction pursuant
to Section 4.03 and (2) create a Lien on such property securing such Attributable Debt without
equally and ratably securing the Securities pursuant to Section 4.10,

          (b) the net proceeds received by the Company or any Restricted Subsidiary in connection with
such Sale/Leaseback Transaction are at least equal to the fair market value of such property (as
determined by the Board of Directors, if the fair market value is equal to or exceeds $5.0 million,
and by an Officer, if the fair market value is less than $5.0 million) and

          (c) the Company applies the Net Available Cash from such transaction in compliance with
Section 4.06.

          SECTION 4.12. Future Guarantors. The Company shall cause each domestic Restricted
Subsidiary that is not a Subsidiary Guarantor to, and each Foreign Subsidiary that enters into a
Guarantee of any Senior Indebtedness (other than a Foreign Subsidiary that Guarantees Senior
Indebtedness Incurred by another Foreign Subsidiary) to, in each case, within ten Business Days,
execute and deliver to the Trustee a Guaranty Agreement pursuant to which such Restricted
Subsidiary will Guarantee payment of the Securities on the same terms and conditions as those set
forth in this Indenture; provided that any such Restricted Subsidiary that constitutes an
Immaterial Subsidiary need not become a Subsidiary Guarantor until such time as it ceases to be an
Immaterial Subsidiary. Notwithstanding the foregoing, this covenant shall not apply to any
Receivables Subsidiary.

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          SECTION 4.13. Compliance Certificate. The Company shall deliver to the Trustee
within 120 days after the end of each fiscal year of the Company an Officers’ Certificate stating
that in the course of the performance by the signers of their duties as Officers of the Company
they would normally have knowledge of any Default and whether or not the signers know of any
Default that occurred during such period. If they do, the certificate shall describe the Default,
its status and what action the Company is taking or proposes to take with respect thereto. The
Company also shall comply with TIA § 314(a)(4).

          SECTION 4.14. Further Instruments and Acts. Upon request of the Trustee, the Company
will execute and deliver such further instruments and do such further acts as may be reasonably
necessary or proper to carry out more effectively the purpose of this Indenture.

Article 5

Successor Company

          SECTION 5.01. When Company May Merge or Transfer Assets.

(a) The Company shall not consolidate with or merge with or into, or convey, transfer or
lease, in one transaction or a series of transactions, directly or indirectly, all or substantially
all its assets to, any Person, unless:

     (1) the resulting, surviving or transferee Person (the “Successor Company”) shall be a
Person organized and existing under the laws of the United States of America, any State
thereof or the District of Columbia and the Successor Company (if not the Company) shall
expressly assume all the obligations of the Company under the Securities, this Indenture and
the Security Documents pursuant to supplemental indentures, Security Documents or other
documents and instruments delivered pursuant to this Indenture and the Security Documents;

     (2) immediately after giving pro forma effect to such transaction (and treating any
Indebtedness which becomes an obligation of the Successor Company or any Subsidiary as a
result of such transaction as having been Incurred by such Successor Company or such
Subsidiary at the time of such transaction), no Default shall have occurred and be
continuing;

     (3) immediately after giving pro forma effect to such transaction and any
related financing transactions (as if such transactions had occurred at the beginning of the
applicable four-quarter period), either (A) the Successor Company would be able to Incur an
additional $1.00 of Indebtedness pursuant to Section 4.03(a) or (B) the Consolidated
Coverage Ratio for the Successor Company would be equal to or greater than the Consolidated
Coverage Ratio immediately prior to such transaction;

     (4) each Subsidiary Guarantor, unless it is the other party to the transactions
described above, in which case Section 5.01(b)(1) shall apply, shall have by supplemental
indentures, Security Documents or other documents and instruments delivered pursuant to this
Indenture and the Security Documents confirmed that its Subsidiary Guaranty

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shall apply to the Successor Company’s obligations under this Indenture, the
Securities, the Registration Rights Agreement and the Security Documents;

     (5) the Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that such consolidation, merger or transfer and such
supplemental indentures, Security Documents and other required documents and instruments
comply with this Indenture; and

     (6) the Company shall have delivered to the Trustee an Opinion of Counsel to the
effect that the Holders will not recognize income, gain or loss for federal income tax
purposes as a result of such transaction and will be subject to federal income tax on the
same amounts, in the same manner and at the same times as would have been the case if such
transaction had not occurred;

provided, however, that clauses (2) and (3) will not be applicable to (A) a
Restricted Subsidiary consolidating with, merging into or transferring all or part of its
properties and assets to the Company (so long as no Capital Stock of the Company is distributed to
any Person) or (B) the Company merging with an Affiliate of the Company solely for the purpose and
with the sole effect of reincorporating the Company in another jurisdiction so long as the amount
of Indebtedness of the Company and its Restricted Subsidiaries is not increased thereby.

          For purposes of this Section 5.01, the sale, lease, conveyance, assignment, transfer or other
disposition of all or substantially all of the properties and assets of one or more Subsidiaries of
the Company, which properties and assets, if held by the Company instead of such Subsidiaries,
would constitute all or substantially all of the properties and assets of the Company on a
consolidated basis, shall be deemed to be the transfer of all or substantially all of the
properties and assets of the Company.

          The Successor Company shall be the successor to the Company and shall succeed to, and be
substituted for, and may exercise every right and power of, the Company under this Indenture, and
the predecessor Company, except in the case of a lease, shall be released from the obligation to
pay the principal of and interest on the Securities.

          (b) The Company shall not permit any Subsidiary Guarantor to consolidate with or merge with or
into, or convey, transfer or lease, in one transaction or a series of transactions, all or
substantially all of its assets to any Person (other than the Company or another Subsidiary
Guarantor) unless:

     (1) except in the case of a Subsidiary Guarantor (A) that has been disposed of in its
entirety to another Person (other than to the Company or an Affiliate of the Company),
whether through a merger, consolidation or sale of Capital Stock or assets or (B) that, as a
result of the disposition of all or a portion of its Capital Stock, ceases to be a
Subsidiary, in both cases, if in connection therewith the Company provides an Officers’
Certificate to the Trustee to the effect that the Company will comply with its obligations
under Section 4.06 in respect of such disposition, the resulting, surviving or transferee
Person (if not such Subsidiary) shall be a Person organized and existing under the laws of
the jurisdiction under which such Subsidiary was organized or under the laws of the United

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States of America, or any State thereof or the District of Columbia, and such Person
shall expressly assume, by a Guaranty Agreement, all the obligations of such Subsidiary, if
any, under its Subsidiary Guaranty and the Security Documents;

     (2) immediately after giving effect to such transaction or transactions on a pro forma
basis (and treating any Indebtedness which becomes an obligation of the resulting, surviving
or transferee Person as a result of such transaction as having been issued by such Person at
the time of such transaction), no Default shall have occurred and be continuing; and

     (3) the Company delivers to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that such consolidation, merger or transfer and such Guaranty
Agreement and Security Documents, if any, comply with this Indenture.

Article 6

Defaults and Remedies

          SECTION 6.01. Events of Default. An “Event of Default” occurs if:

     (1) the Company defaults in any payment of interest on any Security when the same
becomes due and payable, and such default continues for a period of 30 days;

     (2) the Company (A) defaults in the payment of the principal of any Security when the
same becomes due and payable at its Stated Maturity, upon optional redemption, upon
declaration of acceleration or otherwise, or (B) fails to purchase Securities when required
pursuant to this Indenture or the Securities;

     (3) the Company fails to comply with Section 5.01;

     (4) the Company fails to comply with (A) Section 4.03, 4.04, 4.05, 4.06, 4.07, 4.08,
4.09, 4.10, 4.11 or 4.12 (other than a failure to purchase Securities when required under
Section 4.06 or 4.09) and such failure continues for 30 days after the notice specified
below or (B) Section 4.02 and such failure continues for 60 days after the notice specified
below;

     (5) the Company or any Subsidiary Guarantor fails to comply with any of its agreements
contained in the Securities, this Indenture (other than those referred to in clause (1),
(2), (3) or (4) above) or the Security Documents and such failure continues for 60 days
after the notice specified below;

     (6) Indebtedness of the Company, any Subsidiary Guarantor or any Significant
Subsidiary is not paid within any applicable grace period after final maturity or is
accelerated by the holders thereof because of a default under any mortgage, indenture or
other instrument under which such Indebtedness is issued, secured or evidenced or the
payment of such is Guaranteed and the total amount of such Indebtedness unpaid or
accelerated exceeds $15.0 million, or its foreign currency equivalent at the time;

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     (7) the Company, any Subsidiary Guarantor or any Significant Subsidiary pursuant to or
within the meaning of any Bankruptcy Law:

     (A) commences a voluntary case;

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

     (C) consents to the appointment of a Custodian of it or for any substantial part of its
property; or

     (D) makes a general assignment for the benefit of its creditors;

or takes any comparable action under any foreign laws relating to insolvency;

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

     (A) is for relief against the Company, any Subsidiary Guarantor or any Significant
Subsidiary in an involuntary case;

     (B) appoints a Custodian of the Company, any Subsidiary Guarantor or any Significant
Subsidiary or for any substantial part of its property; or

     (C) orders the winding up or liquidation of the Company, any Subsidiary Guarantor or
any Significant Subsidiary;

or any similar relief is granted under any foreign laws and the order or decree remains
unstayed and in effect for 60 days;

     (9) any judgment or decree for the payment of money in excess of $15.0 million or its
foreign currency equivalent at the time is entered against the Company, any Subsidiary
Guarantor or any Significant Subsidiary, remains outstanding for a period of 60 consecutive
days following the entry of such judgment or decree and is not discharged, waived or the
execution thereof stayed;

     (10) any Subsidiary Guaranty ceases to be in full force and effect (other than in
accordance with the terms of such Subsidiary Guaranty) or any Subsidiary Guarantor denies or
disaffirms its obligations under its Subsidiary Guaranty; or

     (11) with respect to any Collateral having a fair market value in excess of $5.0
million, individually or in the aggregate, at any time (a) the security interest under any
Security Document, at any time, ceases to be in full force and effect for any reason other
than in accordance with the terms of this Indenture, the Security Documents and the
Intercreditor Agreement, (b) any security interest created thereunder or under this
Indenture is declared invalid or unenforceable by a court of competent jurisdiction or (c)
the Company or any Subsidiary Guarantor asserts, denies or disaffirms that any security
interest in any Collateral is invalid or unenforceable.

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          The foregoing will constitute Events of Default whatever the reason for any such Event of
Default and whether it is voluntary or involuntary or is effected by operation of law or pursuant
to any judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body.

          The term “Bankruptcy Law” means Title 11, United States Code, or any similar federal or state
law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee,
liquidator, custodian or similar official under any Bankruptcy Law.

          A Default under clauses (4) or (5) is not an Event of Default until the Trustee or the Holders
of at least 25% in principal amount of the outstanding Securities notify the Company of the Default
and the Company does not cure such Default within the time specified after receipt of such notice.
Such notice must specify the Default, demand that it be remedied and state that such notice is a
“Notice of Default.” Any Default or Event of Default for the failure to deliver any report within
the time periods prescribed in Section 4.02 or to deliver any notice or certificate pursuant to any
other provision of this Indenture shall be deemed to be cured upon the subsequent delivery of any
such report, notice or certificate, even though such delivery is not within the prescribed period
specified.

          The Company shall deliver to the Trustee, within 30 days after the occurrence thereof, written
notice in the form of an Officers’ Certificate of any Event of Default under clause (3), (6), (7),
(8), (10) or (11) and any event which with the giving of notice or the lapse of time would become
an Event of Default under clause (4), (5) or (9), its status and what action the Company is taking
or proposes to take with respect thereto.

          SECTION 6.02. Acceleration. If an Event of Default (other than an Event of Default
specified in Section 6.01(7) or (8) with respect to the Company) occurs and is continuing, the
Trustee by notice to the Company, or the Holders of at least 25% in principal amount of the
Securities by notice to the Company and the Trustee, may declare the principal of and accrued but
unpaid interest on all the Securities to be due and payable. Upon such a declaration, such
principal and interest shall be due and payable immediately. If an Event of Default specified in
Section 6.01(7) or (8) with respect to the Company occurs, the principal of and interest on all the
Securities shall ipso facto become and be immediately due and payable without any declaration or
other act on the part of the Trustee or any Securityholders. The Holders of a majority in
principal amount of the Securities by notice to the Trustee may rescind an acceleration and its
consequences if the rescission would not conflict with any judgment or decree and if all existing
Events of Default have been cured or waived except nonpayment of principal or interest that has
become due solely because of acceleration. No such rescission shall affect any subsequent Default
or impair any right consequent thereto.

          In the event of a declaration of acceleration of the Securities because an Event of Default
described in Section 6.01(6) has occurred and is continuing, the declaration of acceleration of the
Securities shall be automatically annulled if the Default triggering such Event of Default pursuant
to Section 6.01(6) shall be remedied or cured by the Company or a Restricted Subsidiary or waived
by the holders of the relevant Indebtedness within 20 days after the declaration of acceleration
with respect thereto and if (1) the annulment of the acceleration of the Securities would not
conflict with any judgment or decree of a court of competent

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jurisdiction and (2) all existing Events of Default, except nonpayment of principal, premium
or interest on the Securities that became due solely because of the acceleration of the Securities,
have been cured or waived.

          SECTION 6.03. Other Remedies. If an Event of Default occurs and is continuing, the
Trustee may pursue any available remedy to collect the payment of principal of or interest on the
Securities or to enforce the performance of any provision of the Securities, this Indenture or the
Security Documents.

          The Trustee may maintain a proceeding even if it does not possess any of the Securities or
does not produce any of them in the proceeding. A delay or omission by the Trustee or any
Securityholder in exercising any right or remedy accruing upon an Event of Default shall not impair
the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy
is exclusive of any other remedy. All available remedies are cumulative.

          SECTION 6.04. Waiver of Past Defaults. The Holders of a majority in principal amount
of the Securities by notice to the Trustee may waive an existing Default and its consequences
except (a) a Default in the payment of the principal of or interest on a Security, (b) a Default
arising from the failure to redeem or purchase any Security when required pursuant to this
Indenture or (c) a Default in respect of a provision that under Section 9.02 cannot be amended
without the consent of each Securityholder affected. When a Default is waived, it is deemed cured,
but no such waiver shall extend to any subsequent or other Default or impair any consequent right.

          SECTION 6.05. Control by Majority. The Holders of a majority in principal amount of
the Securities may direct the time, method and place of conducting any proceeding for any remedy
available to the Trustee or of exercising any trust or power conferred on the Trustee. However,
the Trustee may refuse to follow any direction that conflicts with law or this Indenture or,
subject to Section 7.01, that the Trustee determines is unduly prejudicial to the rights of other
Securityholders or would involve the Trustee in personal liability; provided,
however, that the Trustee may take any other action deemed proper by the Trustee that is
not inconsistent with such direction. Prior to taking any action hereunder, the Trustee shall be
entitled to indemnification satisfactory to it in its sole discretion against all losses and
expenses caused by taking or not taking such action.

          SECTION 6.06. Limitation on Suits. Except to enforce the right to receive payment of
principal, premium (if any) or interest when due, no Securityholder may pursue any remedy with
respect to this Indenture or the Securities unless:

     (1) the Holder gives to the Trustee written notice stating that an Event of Default is
continuing;

     (2) the Holders of at least 25% in principal amount of the outstanding Securities make
a written request to the Trustee to pursue the remedy;

     (3) such Holder or Holders offer to the Trustee reasonable security or indemnity
against any loss, liability or expense;

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     (4) the Trustee does not comply with the request within 60 days after receipt of the
request and the offer of security or indemnity satisfactory to it; and

     (5) the Holders of a majority in principal amount of the outstanding Securities do not
give the Trustee a direction inconsistent with the request during such 60-day period.

          A Securityholder may not use this Indenture to prejudice the rights of another Securityholder
or to obtain a preference or priority over another Securityholder. In the event that the
Definitive Securities are not issued to any beneficial owner promptly after the Registrar has
received a request from the Holder of a Global Security to issue such Definitive Securities to such
beneficial owner or its nominee, the Company expressly agrees and acknowledges, with respect to the
right of any Holder to pursue a remedy pursuant to this Indenture, the right of such beneficial
holder of Securities to pursue such remedy with respect to the portion of the Global Security that
represents such beneficial holder’s Securities as if such Definitive Securities had been issued.

          SECTION 6.07. Rights of Holders to Receive Payment. Notwithstanding any other
provision of this Indenture, the right of any Holder to receive payment of principal of and
interest on the Securities held by such Holder, on or after the respective due dates expressed in
the Securities, or to bring suit for the enforcement of any such payment on or after such
respective dates, shall not be impaired or affected without the consent of such Holder.

          SECTION 6.08. Collection Suit by Trustee. If an Event of Default specified in Section
6.01(1) or (2) occurs and is continuing, the Trustee may recover judgment in its own name and as
trustee of an express trust against the Company for the whole amount then due and owing (together
with interest on any unpaid interest to the extent lawful) and the amounts provided for in Section
7.07.

          SECTION 6.09. Trustee May File Proofs of Claim. The Trustee may file such proofs of
claim and other papers or documents as may be necessary or advisable in order to have the claims of
the Trustee and the Securityholders allowed in any judicial proceedings relative to the Company,
its creditors or its property and, unless prohibited by law or applicable regulations, may vote on
behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar
functions, and any Custodian in any such judicial proceeding is hereby authorized by each Holder to
make payments to the Trustee and, in the event that the Trustee shall consent to the making of such
payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and its counsel, and
any other amounts due the Trustee under Section 7.07.

          SECTION 6.10. Priorities. Subject to the provisions of the Intercreditor Agreement,
if the Trustee collects any money or property pursuant to this Article 6, it shall pay out the
money or property in the following order:

     FIRST: to the Trustee for amounts due under Section 7.07;

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     SECOND: to Securityholders for amounts due and unpaid on the Securities for principal
and interest, ratably, without preference or priority of any kind, according to the amounts
due and payable on the Securities for principal and interest, respectively; and

     THIRD: to the Company.

          The Trustee may fix a record date and payment date for any payment to Securityholders pursuant
to this Section.

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

          SECTION 6.12. Waiver of Stay or Extension Laws. The Company (to the extent it may
lawfully do so) shall not at any time insist upon, or plead, or in any manner whatsoever claim or
take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time
hereafter in force, which may affect the covenants or the performance of this Indenture; and the
Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage
of any such law, and shall not hinder, delay or impede the execution of any power herein granted to
the Trustee, but shall suffer and permit the execution of every such power as though no such law
had been enacted.

Article 7

Trustee

          SECTION 7.01. Duties of Trustee. (a) If an Event of Default has occurred and is
continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture and use
the same degree of care and skill in their exercise as a prudent Person would exercise or use under
the circumstances in the conduct of such Person’s own affairs.

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

     (1) the Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture and no implied covenants or obligations shall be
read into this Indenture against the Trustee; and

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

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(but need not confirm or investigate the accuracy of mathematical calculations or other
facts stated therein).

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

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

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

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

          (d) Every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b) and (c) of this Section.

          (e) The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Company.

          (f) Money held in trust by the Trustee need not be segregated from other funds except to the
extent required by law.

          (g) No provision of this Indenture shall require the Trustee to expend or risk its own funds
or otherwise incur financial liability in the performance of any of its duties hereunder or in the
exercise of any of its rights or powers, if it shall have reasonable grounds to believe that
repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured to it.

          (h) Every provision of this Indenture relating to the conduct or affecting the liability of or
affording protection to the Trustee shall be subject to the provisions of this Section and to the
provisions of the TIA.

          SECTION 7.02. Rights of Trustee. (a) The Trustee may conclusively rely on any
document believed by it to be genuine and to have been signed or presented by the proper Person.
The Trustee need not investigate any fact or matter stated in the document.

          (b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate
or an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take
in good faith in reliance on the Officers’ Certificate or Opinion of Counsel.

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

          (d) The Trustee shall not be liable for any action it takes or omits to take in good faith
which it reasonably believes to be authorized or within its rights or powers; provided,
however, that the Trustee’s conduct does not constitute wilful misconduct or negligence.

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          (e) The Trustee may consult with counsel, and the advice or opinion of counsel with respect to
legal matters relating to this Indenture and the Securities shall be full and complete
authorization and protection from liability in respect to any action taken, omitted or suffered by
it hereunder in good faith and in accordance with the advice or opinion of such counsel.

          (f) Any request or direction of the Company mentioned herein shall be sufficient if signed by
an Officer, and any resolution of the Board of Directors shall be sufficiently evidenced by
attachment to an Officers’ Certificate.

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

          (h) Except with respect to Section 4.01, the Trustee shall have no duty to inquire as to the
performance of the Company’s covenants in Article 4 hereof. In addition, the Trustee shall not be
deemed to have knowledge of any Default or Event of Default except (i) any Default or Event of
Default occurring pursuant to Section 6.01(1) or (2) or (ii) any Default or Event of Default of
which a Trust Officer of the Trustee shall have received written notification at the corporate
trust office of the Trustee, and such notice references this Indenture, or shall have obtained
actual knowledge.

          (i) Delivery of reports, information and documents to the Trustee under Section 4.02 is for
informational purposes only and the Trustee’s receipt of the foregoing shall not constitute
constructive notice of any information contained therein or determinable from information contained
therein, including the Company’s compliance with any of its covenants hereunder (as to which the
Trustee is entitled to rely exclusively on Officers’ Certificates).

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

          (k) In no event shall the Trustee be responsible or liable for special, indirect or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit)
irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and
regardless of the form of action.

          SECTION 7.03. Individual Rights of Trustee. The Trustee in its individual or any
other capacity may become the owner or pledgee of Securities and may otherwise deal with the
Company or its Affiliates with the same rights it would have if it were not Trustee. However, in
the event that the Trustee acquires any conflicting interest it must eliminate such conflict within
90 days, apply to the SEC for permission to continue as trustee or resign. Any Paying Agent,
Registrar, co-registrar or co-paying agent may do the same with like rights. However, the Trustee
must comply with Sections 7.10 and 7.11.

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          SECTION 7.04. Trustee’s Disclaimer. The Trustee shall not be responsible for and
makes no representation as to the validity or adequacy of this Indenture or the Securities, it
shall not be accountable for the Company’s use of the proceeds from the Securities, and it shall
not be responsible for any statement of the Company in this Indenture or in any document issued in
connection with the sale of the Securities or in the Securities other than the Trustee’s
certificate of authentication.

          SECTION 7.05. Notice of Defaults. If a Default occurs, is continuing and is known to
the Trustee, the Trustee shall mail to each Securityholder notice of the Default within 90 days
after it occurs. Except in the case of a Default in the payment of principal of or interest on any
Security (including payments pursuant to the mandatory redemption provisions of such Security, if
any), the Trustee may withhold the notice if and so long as a committee of its Trust Officers in
good faith determines that withholding the notice is not opposed to the interests of the
Securityholders.

          SECTION 7.06. Reports by Trustee to Holders. As promptly as practicable after each
May 15 beginning with the May 15 following the date of this Indenture, and in any event prior to
July 15 in each year, the Trustee shall mail to each Securityholder a brief report dated as of May
15 that complies with TIA § 313(a). The Trustee also shall comply with TIA § 313(b).

          A copy of each report at the time of its mailing to Securityholders shall be filed with the
SEC and each stock exchange (if any) on which the Securities are listed. The Company agrees to
notify promptly the Trustee whenever the Securities become listed on any stock exchange and of any
delisting thereof.

          SECTION 7.07. Compensation and Indemnity. The Company shall pay to the Trustee from
time to time reasonable compensation for its services. The Trustee’s compensation shall not be
limited by any law on compensation of a trustee of an express trust. The Company shall reimburse
the Trustee upon request for all reasonable out-of-pocket expenses incurred or made by it,
including costs of collection, in addition to the compensation for its services. Such expenses
shall include the reasonable compensation and expenses, disbursements and advances of the Trustee’s
agents, counsel, accountants and experts. The Company shall indemnify and hold harmless the
Trustee and its officers, directors, employees and agents against any and all loss, liability or
expense (including attorneys’ fees) incurred by it in connection with the acceptance or
administration of this trust and the performance of its duties hereunder. The Trustee shall notify
the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so
notify the Company shall not relieve the Company of its obligations hereunder. The Company shall
defend the claim and the Trustee may have separate counsel and the Company shall pay the reasonable
fees and expenses of such counsel. The Company need not pay for any settlement made without its
consent, which consent shall not be unreasonably withheld. The Company need not reimburse any
expense or indemnify against any loss, liability or expense incurred by the Trustee through the
Trustee’s own wilful misconduct, negligence or bad faith.

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          To secure the Company’s payment obligations in this Section, the Trustee shall have a lien
prior to the Securities on all money or property held or collected by the Trustee other than money
or property held in trust to pay principal of and interest on particular Securities.

          The Company’s payment obligations pursuant to this Section shall survive the discharge of this
Indenture and the resignation or removal of the Trustee. When the Trustee incurs expenses after
the occurrence of a Default specified in Section 6.01(7) or (8) with respect to the Company, the
expenses are intended to constitute expenses of administration under the Bankruptcy Law.

          SECTION 7.08. Replacement of Trustee. The Trustee may resign at any time by so
notifying the Company in writing. The Holders of a majority in principal amount of the Securities
may remove the Trustee by so notifying the Trustee and may appoint a successor Trustee. The
Company shall remove the Trustee if:

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

     (2) the Trustee is adjudged bankrupt or insolvent;

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

     (4) the Trustee otherwise becomes incapable of acting.

          If the Trustee resigns, is removed by the Company or by the Holders of a majority in principal
amount of the Securities and such Holders do not reasonably promptly appoint a successor Trustee,
or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being
referred to herein as the retiring Trustee), the Company shall promptly appoint a successor
Trustee.

          A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Company. Thereupon the resignation or removal of the retiring Trustee shall
become effective, and the successor Trustee shall have all the rights, powers and duties of the
Trustee under this Indenture. The successor Trustee shall mail a notice of its succession to
Securityholders. The retiring Trustee shall promptly transfer all property held by it as Trustee
to the successor Trustee, subject to the lien provided for in Section 7.07.

          If a successor Trustee does not take office within 60 days after the retiring Trustee resigns
or is removed, the retiring Trustee or the Holders of 10% in principal amount of the Securities may
petition any court of competent jurisdiction for the appointment of a successor Trustee.

          If the Trustee fails to comply with Section 7.10, any Securityholder may petition any court of
competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

          Notwithstanding the replacement of the Trustee pursuant to this Section, the Company’s
obligations under Section 7.07 shall continue for the benefit of the retiring Trustee.

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          SECTION 7.09. Successor Trustee by Merger. If the Trustee consolidates with, merges
or converts into, or transfers all or substantially all its corporate trust business or assets to,
another corporation or banking association, the resulting, surviving or transferee corporation
without any further act shall be the successor Trustee.

          In case at the time such successor or successors by merger, conversion or consolidation to the
Trustee shall succeed to the trusts created by this Indenture any of the Securities shall have been
authenticated but not delivered, any such successor to the Trustee may adopt the certificate of
authentication of any predecessor trustee, and deliver such Securities so authenticated; and in
case at that time any of the Securities shall not have been authenticated, any successor to the
Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the
name of the successor to the Trustee; and in all such cases such certificates shall have the full
force which it is anywhere in the Securities or in this Indenture provided that the
certificate of the Trustee shall have.

          SECTION 7.10. Eligibility; Disqualification. The Trustee shall at all times satisfy
the requirements of TIA § 310(a). The Trustee shall have a combined capital and surplus of at
least $50,000,000 as set forth in its most recent published annual report of condition. The
Trustee shall comply with TIA § 310(b); provided, however, that there shall be
excluded from the operation of TIA § 310(b)(1) any indenture or indentures under which other
securities or certificates of interest or participation in other securities of the Company are
outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met.

          SECTION 7.11. Preferential Collection of Claims Against Company. The Trustee shall
comply with TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee
who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated.

Article 8

Discharge of Indenture; Defeasance

          SECTION 8.01. Discharge of Liability on Securities; Defeasance. (a) When (1) the
Company delivers to the Trustee all outstanding Securities (other than Securities replaced pursuant
to Section 2.07) for cancellation or (2) all outstanding Securities have become due and payable,
whether at maturity or on a redemption date as a result of the mailing of a notice of redemption
pursuant to Article 3 hereof or otherwise will become due and payable within one year (whether due
to maturity or the mailing of a notice of redemption) and, in the case of this clause (2), the
Company irrevocably deposits or causes to be deposited with the Trustee funds in trust solely for
the benefit of the Securityholders, money or U.S. Government Obligations in amounts as will be
sufficient, without consideration of any reinvestment of interest to pay and discharge the entire
Indebtedness on the Securities not previously delivered to the Trustee for cancellation (other than
Securities replaced pursuant to Section 2.07) (including principal of, premium and interest, if
any, on, the Securities to the date of maturity or redemption) and provides irrevocable
instructions to the Trustee to apply the deposited funds toward the payment of the Securities at
maturity or on the redemption date, as the case may be, and if in either case the Company pays all
other sums payable hereunder by the Company, then

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this Indenture shall, subject to Section 8.01(c), cease to be of further effect. The Trustee
shall acknowledge satisfaction and discharge of this Indenture on demand of the Company accompanied
by an Officers’ Certificate and an Opinion of Counsel and at the cost and expense of the Company.

          (b) Subject to Sections 8.01(c) and 8.02, the Company at any time may terminate (1) all its
obligations under the Securities, this Indenture and the Security Documents (and cause the release
of all Liens on the Collateral and have each Subsidiary Guarantor’s obligation discharged with
respect to its Subsidiary Guaranty, this Indenture and the Security Documents) (“legal defeasance
option”) or (2) its obligations with respect to the Liens on the Collateral and under Sections
4.02, 4.03, 4.04, 4.05, 4.06, 4.07, 4.08, 4.09, 4.10, 4.11 and 4.12 and the operation of Sections
6.01(4), 6.01(6), 6.01(7), 6.01(8), 6.01(9) and 6.01(11) (but, in the case of Sections 6.01(7) and
(8), with respect only to Significant Subsidiaries and Subsidiary Guarantors) and the limitations
contained in Section 5.01(a)(3) (“covenant defeasance option”). The Company may exercise its legal
defeasance option notwithstanding its prior exercise of its covenant defeasance option.

          If the Company exercises its legal defeasance option, payment of the Securities may not be
accelerated because of an Event of Default with respect thereto. If the Company exercises its
covenant defeasance option, payment of the Securities may not be accelerated because of an Event of
Default specified in Sections 6.01(4), 6.01(6), 6.01(7), 6.01(8) and 6.01(9) (but, in the case of
Sections 6.01(7) and (8), with respect only to Significant Subsidiaries and Subsidiary Guarantors)
or because of the failure of the Company to comply with Section 5.01(a)(3). If the Company
exercises its legal defeasance option or its covenant defeasance option, each Subsidiary Guarantor,
if any, shall be released from all its obligations with respect to its Subsidiary Guaranty, and the
related Collateral of such Subsidiary Guarantor shall be released from the Security Documents.

          Upon satisfaction of the conditions set forth herein and upon request of the Company, the
Trustee shall acknowledge in writing the discharge of those obligations that the Company
terminates.

          (c) Notwithstanding clauses (a) and (b) above, the Company’s obligations in Sections 2.03,
2.04, 2.05, 2.06, 2.07, 2.08, 7.07 and 7.08 and in this Article 8 shall survive until the
Securities have been paid in full. Thereafter, the Company’s obligations in Sections 7.07, 8.04
and 8.05 shall survive.

          SECTION 8.02. Conditions to Defeasance. The Company may exercise its legal defeasance
option or its covenant defeasance option only if:

     (1) the Company irrevocably deposits in trust with the Trustee money or U.S.
Government Obligations for the payment of principal of and interest on the Securities to
maturity or redemption, as the case may be;

     (2) the Company delivers to the Trustee a certificate from a nationally recognized
firm of independent accountants expressing their opinion that the payments of principal and
interest when due and without reinvestment on the deposited U.S. Government

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Obligations plus any deposited money without investment will provide cash at such times
and in such amounts as will be sufficient to pay principal and interest when due on all the
Securities to maturity or redemption, as the case may be;

     (3) the Company delivers to the Trustee an Opinion of Counsel (which opinion may be
subject to customary assumptions and exceptions) to the effect that after the 91st day
following the deposit, the trust funds will not be subject to the effect of any applicable
bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights
generally;

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

     (5) the deposit does not constitute a default under any agreement (other than this
Indenture and the agreements governing any other Indebtedness being defeased, discharged or
replaced) binding on the Company;

     (6) the Company delivers to the Trustee an Opinion of Counsel to the effect that the
trust resulting from the deposit does not constitute, or is qualified as, a regulated
investment company under the Investment Company Act of 1940;

     (7) in the case of the legal defeasance option, the Company shall have delivered to
the Trustee an Opinion of Counsel stating that (A) the Company has received from, or there
has been published by, the Internal Revenue Service a ruling, or (B) since the Issue Date
there has been a change in the applicable federal income tax law, in either case to the
effect that, and based thereon such Opinion of Counsel shall confirm that, the
Securityholders will not recognize income, gain or loss for federal income tax purposes as a
result of such deposit and defeasance and will be subject to federal income tax on the same
amounts, in the same manner and at the same times as would have been the case if such
deposit and defeasance had not occurred;

     (8) in the case of the covenant defeasance option, the Company shall have delivered to
the Trustee an Opinion of Counsel to the effect that the Securityholders will not recognize
income, gain or loss for federal income tax purposes as a result of such deposit and
covenant defeasance and will be subject to federal income tax on the same amounts, in the
same manner and at the same times as would have been the case if such deposit and covenant
defeasance had not occurred; and

     (9) the Company delivers to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent to the defeasance and discharge of the
Securities as contemplated by this Article 8 have been complied with.

          Before or after a deposit, the Company may make arrangements satisfactory to the Trustee for
the redemption of Securities at a future date in accordance with Article 3.

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          SECTION 8.03. Application of Trust Money. The Trustee shall hold in trust money or
U.S. Government Obligations deposited with it pursuant to this Article 8. It shall apply the
deposited money and the money from U.S. Government Obligations through the Paying Agent and in
accordance with this Indenture to the payment of principal of and interest on the Securities.

          SECTION 8.04. Repayment to Company. The Trustee and the Paying Agent shall promptly
turn over to the Company upon request any excess money or securities held by them at any time.

          Subject to any applicable abandoned property law, the Trustee and the Paying Agent shall pay
to the Company upon request any money held by them for the payment of principal or interest that
remains unclaimed for two years, and, thereafter, Securityholders entitled to the money must look
to the Company for payment as general creditors.

          SECTION 8.05. Indemnity for Government Obligations. The Company shall pay and shall
indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited
U.S. Government Obligations or the principal and interest received on such U.S. Government
Obligations.

          SECTION 8.06. Reinstatement. If the Trustee or Paying Agent is unable to apply any
money or U.S. Government Obligations in accordance with this Article 8 by reason of any legal
proceeding or by reason of any order or judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, the Company’s and each Subsidiary
Guarantor’s obligations under this Indenture, each Subsidiary Guaranty and the Securities shall be
revived and reinstated as though no deposit had occurred pursuant to this Article 8 until such time
as the Trustee or Paying Agent is permitted to apply all such money or U.S. Government Obligations
in accordance with this Article 8; provided, however, that, if the Company has made
any payment of interest on or principal of any Securities because of the reinstatement of its
obligations, the Company shall be subrogated to the rights of the Holders of such Securities to
receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying
Agent.

Article 9

Amendments

          SECTION 9.01. Without Consent of Holders. The Company, the Subsidiary Guarantors and
the Trustee may amend or supplement this Indenture, the Security Documents, any Subsidiary Guaranty
and the Securities without notice to or consent of any Securityholder:

     (1) to cure any ambiguity, omission, defect or inconsistency (including conforming
this Indenture to this “Description of the Notes” as described in clause (12) below);

     (2) to provide for the assumption by a successor corporation of the obligations of the
Company or any Subsidiary Guarantor under this Indenture pursuant to Article 5;

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     (3) to provide for uncertificated Securities in addition to or in place of
certificated Securities (provided that the uncertificated Securities are issued in
registered form for purposes of Section 163(f) of the Code, or if issued prior to March 19,
2012, in a manner such that the uncertificated Securities are described in Section
163(f)(2)(B) of the Code);

     (4) to add Guarantees with respect to the Securities, including any Subsidiary
Guaranties;

     (5) to add to the covenants of the Company or any Subsidiary Guarantor for the benefit
of the Holders or to surrender any right or power herein conferred upon the Company or any
Subsidiary Guarantor;

     (6) to make any change that does not adversely affect the rights of any Holder of the
Securities (based upon the good faith determination of the Company as evidenced in an
Officers’ Certificate delivered to the Trustee);

     (7) to comply with any requirements of the SEC in connection with qualifying, or
maintaining the qualification of, this Indenture under the TIA;

     (8) to make any amendment to the provisions of this Indenture relating to the transfer
and legending of Securities; provided, however, that (a) compliance with
this Indenture as so amended would not result in Securities being transferred in violation
of the Securities Act or any other applicable securities law and (b) such amendment does not
materially and adversely affect the rights of Holders to transfer Securities (based upon the
good faith determination of the Company as evidenced in an Officers’ Certificate delivered
to the Trustee);

     (9) to comply with Article 5;

     (10) to add security to or for the benefit of the Securities and, in the case of the
Security Documents, to or for the benefit of the other secured parties named therein or to
confirm and evidence the release, termination or discharge of any Subsidiary Guaranty of, or
Lien securing, the Securities when such release, termination or discharge is permitted by
this Indenture and the Security Documents or as required by the Intercreditor Agreement;

     (11) to modify the Security Documents and/or the Intercreditor Agreement or enter into
additional intercreditor agreements (i) to secure additional extensions of credit and add
additional secured creditors holding Other Second Lien Obligations so long as such Other
Second Lien Obligations are not prohibited by the provisions of the Credit Facilities or
this Indenture or (ii) otherwise in accordance with the Intercreditor Agreement; or

     (12) to conform the text of this Indenture, the Securities, any Subsidiary Guaranty,
the Security Documents or the Intercreditor Agreement to any provision of the “Description
of the Notes” in the Offering Circular to the extent such provision in the “Description of
the Notes” was intended to be a verbatim recitation of a provision of this

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Indenture, the Securities, such Subsidiary Guaranty, the Security Documents or the
Intercreditor Agreement.

          After an amendment under this Section becomes effective, the Company shall mail to
Securityholders a notice briefly describing such amendment. The failure to give such notice to all
Securityholders, or any defect therein, shall not impair or affect the validity of an amendment
under this Section.

          SECTION 9.02. With Consent of Holders. The Company, the Subsidiary Guarantors and the
Trustee may amend or supplement this Indenture, the Security Documents, any Subsidiary Guaranty and
the Securities with the written consent of the Holders of at least a majority in principal amount
of the Securities then outstanding (including consents obtained in connection with a tender offer
or exchange offer for the Securities) and any existing default or noncompliance with any provisions
thereof may also be waived with the consent of the Holders of at least a majority in principal
amount of the Securities then outstanding (other than Securities beneficially owned by the Company
or its Affiliates). However, without the consent of each Securityholder affected thereby, an
amendment or waiver may not:

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

     (2) reduce the rate of or extend the time for payment of interest on any Security;

     (3) reduce the principal of or change the Stated Maturity of any Security;

     (4) reduce the amount payable upon the redemption of any Security or change the time
at which any Security may be redeemed as described in Article 3 hereto or Section 5 of the
Securities;

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

     (6) impair the right of any Holder to receive payment of principal of and interest on
such Holder’s Securities on or after the due dates therefor or to institute suit for the
enforcement of any payment on or with respect to such Holder’s Securities, including making
any change in Section 6.07;

     (7) make any change in the amendment provisions which require each Holder’s consent or
in the waiver provisions, including Section 6.04;

     (8) make any change in the ranking or priority of any Security that would adversely
affect the Securityholders; or

     (9) make any change in, or release other than in accordance with this Indenture, any
Subsidiary Guaranty that would adversely affect the Holders.

          Any amendment to, or waiver of, the provision of this Indenture or any Security Document that
has the effect of releasing all or substantially all of the Collateral shall require consent of the
Holders of at least 75% in aggregate principal amount of the Securities then

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outstanding (including consents obtained in connection with a tender offer or exchange offer
for the Securities).

          No amendment of, or supplement or waiver to, this Indenture, the Securities or the Security
Documents (other than the Intercreditor Agreement) shall be permitted to be effected which is in
violation of or inconsistent with the terms of the Intercreditor Agreement.

          It shall not be necessary for the consent of the Holders under this Section to approve the
particular form of any proposed amendment, but it shall be sufficient if such consent approves the
substance thereof.

          After an amendment under this Section becomes effective, the Company shall mail to
Securityholders a notice briefly describing such amendment. The failure to give such notice to all
Securityholders, or any defect therein, shall not impair or affect the validity of an amendment
under this Section.

          SECTION 9.03. Compliance with Trust Indenture Act. Every amendment to this Indenture
or the Securities shall comply with the TIA as then in effect.

          SECTION 9.04. Revocation and Effect of Consents and Waivers. A consent to an
amendment or a waiver by a Holder of a Security shall bind the Holder and every subsequent Holder
of that Security or portion of the Security that evidences the same debt as the consenting Holder’s
Security, even if notation of the consent or waiver is not made on the Security. However, any such
Holder or subsequent Holder may revoke the consent or waiver as to such Holder’s Security or
portion of the Security if the Trustee receives the notice of revocation before the date the
amendment or waiver becomes effective. After an amendment or waiver becomes effective, it shall
bind every Securityholder. An amendment or waiver becomes effective upon the execution of such
amendment or waiver by the Trustee.

          The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Securityholders entitled to give their consent or take any other action described
above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed,
then notwithstanding the immediately preceding paragraph, those Persons who were Securityholders at
such record date (or their duly designated proxies), and only those Persons, shall be entitled to
give such consent or to revoke any consent previously given or to take any such action, whether or
not such Persons continue to be Holders after such record date. No such consent shall be valid or
effective for more than 120 days after such record date.

          SECTION 9.05. Notation on or Exchange of Securities. If an amendment changes the
terms of a Security, the Trustee may require the Holder of the Security to deliver it to the
Trustee. The Trustee may place an appropriate notation on the Security regarding the changed terms
and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the
Company in exchange for the Security shall issue and the Trustee shall authenticate a new Security
that reflects the changed terms. Failure to make the appropriate notation or to issue a new
Security shall not affect the validity of such amendment.

          SECTION 9.06. Trustee To Sign Amendments. The Trustee shall sign any amendment
authorized pursuant to this Article 9 if the amendment does not adversely affect the

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rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may but
need not sign it. In signing such amendment the Trustee shall be entitled to receive indemnity
reasonably satisfactory to it and to receive, and (subject to Section 7.01) shall be fully
protected in relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such
amendment is authorized or permitted by this Indenture.

          SECTION 9.07. Payment for Consent. Neither the Company nor any Affiliate of the
Company shall, directly or indirectly, pay or cause to be paid any consideration, whether by way of
interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or
amendment of any of the terms or provisions of this Indenture or the Securities unless such
consideration is offered to all Holders and is paid to all Holders that so consent, waive or agree
to amend in the time frame set forth in solicitation documents relating to such consent, waiver or
agreement.

Article 10

Subsidiary Guaranties

          SECTION 10.01. Guaranties. Each Subsidiary Guarantor hereby unconditionally and
irrevocably guarantees, jointly and severally, on a senior secured basis, to each Holder and to the
Trustee and its successors and assigns (a) the full and punctual payment of principal of and
interest on the Securities when due, whether at maturity, by acceleration, by redemption or
otherwise, and all other monetary obligations of the Company under this Indenture and the
Securities and (b) the full and punctual performance within applicable grace periods of all other
obligations of the Company under this Indenture and the Securities (all the foregoing being
hereinafter collectively called the “Guaranteed Obligations”). Each Subsidiary Guarantor further
agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without
notice or further assent from such Subsidiary Guarantor and that such Subsidiary Guarantor will
remain bound under this Article 10 notwithstanding any extension or renewal of any Obligation.

          Each Subsidiary Guarantor waives presentation to, demand of, payment from and protest to the
Company of any of the Guaranteed Obligations and also waives notice of protest for nonpayment.
Each Subsidiary Guarantor waives notice of any default under the Securities or the Guaranteed
Obligations. The obligations of each Subsidiary Guarantor hereunder shall not be affected by (1)
the failure of any Holder or the Trustee to assert any claim or demand or to enforce any right or
remedy against the Company or any other Person (including any Subsidiary Guarantor) under this
Indenture, the Securities or any other agreement or otherwise; (2) any extension or renewal of any
thereof; (3) any rescission, waiver, amendment or modification of any of the terms or provisions of
this Indenture, the Securities or any other agreement; (4) the release of any security held by any
Holder or the Trustee for the Guaranteed Obligations or any of them; (5) the failure of any Holder
or the Trustee to exercise any right or remedy against any other guarantor of the Guaranteed
Obligations; or (6) except as set forth in Section 10.06, any change in the ownership of such
Subsidiary Guarantor.

          Each Subsidiary Guarantor further agrees that its Subsidiary Guaranty herein constitutes a
guarantee of payment, performance and compliance when due (and not a guarantee

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of collection) and waives any right to require that any resort be had by any Holder or the
Trustee to any security held for payment of the Guaranteed Obligations.

          Except as expressly set forth in Sections 8.01(b), 10.02 and 10.06, the obligations of each
Subsidiary Guarantor hereunder shall not be subject to any reduction, limitation, impairment or
termination for any reason, including any claim of waiver, release, surrender, alteration or
compromise, and shall not be subject to any defense of setoff, counterclaim, recoupment or
termination whatsoever or by reason of the invalidity, illegality or unenforceability of the
Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the
obligations of each Subsidiary Guarantor herein shall not be discharged or impaired or otherwise
affected by the failure of any Holder or the Trustee to assert any claim or demand or to enforce
any remedy under this Indenture, the Securities or any other agreement, by any waiver or
modification of any thereof, by any default, failure or delay, willful or otherwise, in the
performance of the obligations, or by any other act or thing or omission or delay to do any other
act or thing which may or might in any manner or to any extent vary the risk of such Subsidiary
Guarantor or would otherwise operate as a discharge of such Subsidiary Guarantor as a matter of law
or equity.

          Each Subsidiary Guarantor further agrees that its Guarantee herein shall continue to be
effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of
principal of or interest on any Obligation is rescinded or must otherwise be restored by any
Holder, the Trustee or the Second Lien Collateral Agent upon the bankruptcy or reorganization of
the Company or otherwise.

          In furtherance of the foregoing and not in limitation of any other right which any Holder or
the Trustee has at law or in equity against any Subsidiary Guarantor by virtue hereof, upon the
failure of the Company to pay the principal of or interest on any Obligation when and as the same
shall become due, whether at maturity, by acceleration, by redemption or otherwise, or to perform
or comply with any other Obligation, each Subsidiary Guarantor hereby promises to and shall, upon
receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the
Holders or the Trustee an amount equal to the sum of (A) the unpaid amount of such Guaranteed
Obligations, (B) accrued and unpaid interest on such Guaranteed Obligations (but only to the extent
not prohibited by law) and (C) all other monetary Guaranteed Obligations of the Company to the
Holders and the Trustee.

          Each Subsidiary Guarantor agrees that, as between it, on the one hand, and the Holders and the
Trustee, on the other hand, (i) the maturity of the Guaranteed Obligations hereby may be
accelerated as provided in Article 6 for the purposes of such Subsidiary Guarantor’s Subsidiary
Guaranty herein, notwithstanding any stay, injunction or other prohibition preventing such
acceleration in respect of the Guaranteed Obligations guaranteed hereby, and (ii) in the event of
any declaration of acceleration of such Guaranteed Obligations as provided in Article 6, such
Guaranteed Obligations (whether or not due and payable) shall forthwith become due and payable by
such Subsidiary Guarantor for the purposes of this Section 10.01.

          Each Subsidiary Guarantor also agrees to pay any and all costs and expenses (including
reasonable attorneys’ fees) incurred by the Trustee or any Holder in enforcing any rights under
this Section 10.01.

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          SECTION 10.02. Limitation on Liability. Any term or provision of this Indenture to
the contrary notwithstanding, the maximum aggregate amount of the Guaranteed Obligations guaranteed
hereunder by any Subsidiary Guarantor shall not exceed the maximum amount that can be hereby
guaranteed without rendering this Indenture, as it relates to such Subsidiary Guarantor, voidable
under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws
affecting the rights of creditors generally.

          SECTION 10.03. Successors and Assigns. This Article 10 shall be binding upon each
Subsidiary Guarantor and its successors and assigns and shall enure to the benefit of the
successors and assigns of the Trustee and the Holders and, in the event of any transfer or
assignment of rights by any Holder or the Trustee, the rights and privileges conferred upon that
party in this Indenture and in the Securities shall automatically extend to and be vested in such
transferee or assignee, all subject to the terms and conditions of this Indenture.

          SECTION 10.04. No Waiver. Neither a failure nor a delay on the part of either the
Trustee or the Holders in exercising any right, power or privilege under this Article 10 shall
operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or
further exercise of any right, power or privilege. The rights, remedies and benefits of the
Trustee and the Holders herein expressly specified are cumulative and not exclusive of any other
rights, remedies or benefits which either may have under this Article 10 at law, in equity, by
statute or otherwise.

          SECTION 10.05. Modification. No modification, amendment or waiver of any provision of
this Article 10, nor the consent to any departure by any Subsidiary Guarantor therefrom, shall in
any event be effective unless the same shall be in writing and signed by the Trustee, and then such
waiver or consent shall be effective only in the specific instance and for the purpose for which
given. No notice to or demand on any Subsidiary Guarantor in any case shall entitle such
Subsidiary Guarantor to any other or further notice or demand in the same, similar or other
circumstances.

          SECTION 10.06. Release of Subsidiary Guarantor. A Subsidiary Guarantor will be
released from its obligations under this Article 10 (other than any obligation that may have arisen
under Section 10.07)

     (1) upon the sale or other disposition (including by way of consolidation or merger)
of a Subsidiary Guarantor (including the sale or disposition of Capital Stock of a
Subsidiary Guarantor, following which such Subsidiary Guarantor is no longer a Subsidiary),

     (2) upon the sale or disposition of all or substantially all the assets of such
Subsidiary Guarantor,

     (3) upon the designation of such Subsidiary Guarantor as an Unrestricted Subsidiary in
accordance with the terms of this Indenture,

     (4) with respect to any Foreign Subsidiary that is a Subsidiary Guarantor, at such
time as such Subsidiary Guarantor does not have any Indebtedness outstanding that

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would have required such Subsidiary Guarantor to enter into a Guaranty Agreement
pursuant to Section 4.12,

     (5) upon defeasance of the Securities pursuant to Article 8, or

     (6) upon the full satisfaction of the Company’s obligations under this Indenture;

provided, however, that in the case of clauses (1) and (2) above, (i) such
sale or other disposition is made to a Person other than the Company or an Affiliate of the
Company, (ii) such sale or disposition is otherwise permitted by this Indenture and (iii)
the Company provides an Officers’ Certificate to the Trustee to the effect that the
transactions do not violate Section 4.06 and, to the extent applicable, the Company will
comply with its obligations under Section 4.06.

At the request of the Company, the Trustee shall execute and deliver an appropriate instrument
evidencing such release.

          SECTION 10.07. Contribution. Each Subsidiary Guarantor that makes a payment under its
Subsidiary Guaranty shall be entitled upon payment in full of all Guaranteed Obligations under this
Indenture to a contribution from each other Subsidiary Guarantor in an amount equal to such other
Subsidiary Guarantor’s pro rata portion of such payment based on the respective net
assets of all the Subsidiary Guarantors at the time of such payment determined in accordance with
GAAP.

Article 11

Collateral and Security

          SECTION 11.01. Collateral and Security Documents. On and after the Issue Date, the
full and punctual payment of principal of and interest on the Securities when due, whether on an
interest payment date, at maturity, by acceleration, redemption or otherwise, and interest on the
overdue principal of and interest on the Securities and payment and performance of all other Second
Lien Obligations shall be secured to the extent and as provided in the Security Documents, which
define the terms of the Liens that secure the Second Lien Obligations, subject to the terms,
conditions and provisions of the Intercreditor Agreement. The Trustee, the Company and the
Subsidiary Guarantors each hereby acknowledge and agree that the Second Lien Collateral Agent (or
its bailee or agent) holds the Collateral in trust for the benefit of the Trustee and the Holders,
in each case pursuant to the terms of the Security Documents and the Intercreditor Agreement. Each
Holder, by accepting a Security, shall be deemed to: (i) consent and agree to the terms,
conditions and provisions of the Security Documents and the Intercreditor Agreement (including the
provisions providing for foreclosure and release of Collateral as well as the subordination of the
Liens), as the same may be in effect or may be amended, modified, supplemented or restated from
time to time in accordance with their terms and this Indenture and directs the Trustee and Second
Lien Collateral Agent to sign these documents, (ii) agree that it will be bound by and will take no
actions contrary to the provisions of the Intercreditor Agreement and (iii) agree that none of the
Company, the Subsidiary Guarantors, the Trustee or the Second Lien Collateral Agent shall be
required

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hereunder or under any Security Document to take any action inconsistent with or contrary to
any provision of the Intercreditor Agreement. The Company shall promptly deliver to the Trustee
(if it is not itself then the Second Lien Collateral Agent) copies of all material documents
delivered to the Second Lien Collateral Agent pursuant to the Security Documents and will do or
cause to be done all such acts and things as may be reasonably required by the next sentence of
this Section 11.01 to reasonably assure and confirm to the Trustee and the Second Lien Collateral
Agent the security interest in the Collateral contemplated hereby, by the Security Documents or any
part thereof, as from time to time constituted, so as to render the same available for the security
and benefit of this Indenture and of the Securities secured hereby, according to the intent and
purposes herein expressed. The Company shall take, and shall cause the Subsidiary Guarantors to
take, any and all actions reasonably required to cause the Security Documents to create and
maintain, as security for the Second Lien Obligations, a valid and enforceable perfected Lien and
security interest in and on all of the Collateral (subject to the terms, conditions and provisions
of the Intercreditor Agreement and the Security Documents and, with respect to the enforceability
of such Lien, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other
laws affecting creditors’ rights generally and subject to general principles of equity, regardless
of whether considered in a proceeding in equity or at law), in favor of the Second Lien Collateral
Agent for the benefit of the Trustee and the Holders, second in priority to any and all Liens and
security interests (other than Permitted Liens) at any time granted in the Collateral to secure the
First Lien Obligations. The Company and the Subsidiary Guarantors will from time to time promptly
pay and discharge all recording or filing fees, charges and taxes relating to the filing or
registration of this Indenture and the Security Documents, any amendments thereto and any other
instruments of further assurance. Each year, at the time of delivery to the Trustee of the annual
financial statements with respect to the preceding fiscal year pursuant to Section 4.02, the
Company shall deliver to the Trustee a certificate of an executive officer of the Company who has
specific knowledge of the Company’s financial matters, setting forth any change in the information
required pursuant to the schedules required by the Security Documents or confirming that there has
been no change in such information since the date of the prior annual financial statements.

          SECTION 11.02. Recordings and Opinions. The Company shall comply with the provisions
of TIA § 314 to the extent required; provided, however, that, so long as this
Indenture has not been qualified under the TIA, with respect to TIA § 314(b): (i) clause (1)
thereof shall not be applicable hereunder and (ii) with respect to clause (2) thereof, the Company
shall furnish to the Trustee and the Second Lien Collateral Agent on or within one month of the
date on which the Company is required to provide annual reports pursuant to Section 4.02 with
respect to the preceding fiscal year, commencing in 2012, an Opinion of Counsel either (A) stating
that, in the opinion of such counsel, such action has been taken with respect to the recording,
filing, re-recording and refiling of Liens under the Security Documents on Article 9 Collateral as
is necessary to maintain the perfection of such Liens, and reciting the details of such action or
(B) stating that, in the Opinion of such Counsel, no such action is necessary to maintain the
perfection of such Liens. For purposes of the foregoing, the term “Article 9 Collateral” shall mean
Collateral with respect to which a Lien thereon may be perfected by the filing of a UCC-1 financing
statement pursuant to the Uniform Commercial Code as adopted in any applicable jurisdiction.

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          SECTION 11.03. Release of Collateral. Collateral may be released from the security
interest and Liens created by the Security Documents at any time or from time to time in accordance
with the provisions of the Security Documents, the Intercreditor Agreement or as provided hereby.
Upon the request of the Company pursuant to an Officers’ Certificate certifying that all conditions
precedent hereunder have been met, and without the consent of any Holder, the Company and the
Subsidiary Guarantors will be entitled to a release of property and other assets included in the
Collateral from the Liens securing the Second Lien Obligations, and the Second Lien Collateral
Agent shall promptly execute and deliver such documents and instruments as the Company and the
Subsidiary Guarantors may reasonably request to evidence the release of such Liens at the Company’s
sole cost and expense and without the consent of any Holder of the Securities, under any one or
more of the following circumstances:

     (1) in whole, upon satisfaction and discharge of the Company’s obligations under this
Indenture in accordance with Article 8;

     (2) in whole, upon a legal defeasance or covenant defeasance as described in
accordance with Article 8;

     (3) in part, as to any property or asset constituting Collateral (A) if the Liens on
the Collateral securing the First Lien Obligations are released (except if such release is
in connection with the Discharge of the First Lien Obligations), (B) to enable the Company
or any Restricted Subsidiary to consummate the sale, lease, transfer or other disposition of
such property or assets to the extent not prohibited under Section 4.06, (C) that is owned
by a Subsidiary Guarantor to the extent such Subsidiary Guarantor has been released from its
Subsidiary Guaranty in accordance with Article 10 or (D) otherwise in accordance with, and
as expressly provided for under, this Indenture; or

     (4) pursuant to any amendment or supplement to this Indenture or to the Securities
effected in accordance with Article 9.

          SECTION 11.04. After-Acquired Property. From and after the Issue Date, if the Company
or any Subsidiary Guarantor acquires certain After-Acquired Property, it shall as soon as
practicable after the acquisition thereof execute, as applicable, and deliver such mortgages, deeds
of trust, security agreements, pledge agreements, lien waivers, control agreements, financing
statements and Officers’ Certificates and Opinions of Counsel as shall be required under the
Security Documents to vest in the Second Lien Collateral Agent a perfected security interest in
such After-Acquired Property to the extent such After-Acquired Property constitutes Collateral, and
thereupon all provisions of this Indenture, the Intercreditor Agreement or the Security Documents
relating to the Collateral shall be deemed to relate to such After-Acquired Property to the same
extent and with the same force and effect.

          SECTION 11.05. Permitted Releases Not to Impair Lien; Trust Indenture Act
Requirements. The release of any Collateral from the terms hereof and of the Security
Documents or the release of, in whole or in part, the Liens created by the Security Documents, will
not be deemed to impair the security under this Indenture in contravention of the provisions hereof
if and to the extent the Collateral or Liens are released pursuant to (x) the applicable Security
Documents and the terms of this Article 11 or (y) the Intercreditor Agreement. The

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Trustee and each of the Holders acknowledge that a release of Collateral or a Lien strictly in
accordance with the terms of the Security Documents and the Intercreditor Agreement and of this
Article 11 will not be deemed for any purpose to be an impairment of the Lien on the Collateral in
contravention of the terms of this Indenture. To the extent applicable, the Company and each
obligor on the Securities shall cause TIA § 313(b), relating to reports, and TIA § 314(d), relating
to the release of property or securities from the Lien hereof and of the Security Documents, to be
complied with. Any certificate or opinion required by § 314(d) of the TIA may be made by an
Officer, except in cases where § 314(d) of the TIA requires that such certificate or opinion be
made by an independent Person, which Person shall be an independent engineer, appraiser or other
expert selected or approved by the Trustee in the exercise of reasonable care.

          SECTION 11.06. Reports, Certificates and Opinions. (a) The Company will not be
required to comply with TIA § 314(d) with respect to any of the following:

     (1) cash payments (including for the scheduled repayment of Indebtedness) in the
ordinary course of business;

     (2) sales or other dispositions of inventory in the ordinary course of business;

     (3) collections, sales or other dispositions of accounts receivable in the ordinary
course of business; and

     (4) sales or other dispositions in the ordinary course of business of any property the
use of which is no longer necessary or desirable in, and is not material to, the conduct of
the business of the Company and its Subsidiaries;

provided, however, the Company’s right to rely on the above will be conditioned
upon the Company’s delivering to the Trustee, within 30 calendar days following the end of each
six-month period beginning on April 1 and October 1 of each year, an Officers’ Certificate to the
effect that all releases during such six-month period in respect of which the Company did not
comply with TIA § 314(d) in reliance on the above were made in the ordinary course of business. To
the extent the Indenture is qualified under the TIA and to the extent applicable, the Company will
otherwise comply with the provisions of TIA § 314.

          SECTION 11.07. Use of Trust Monies. To the extent received by the Trustee pursuant to
the provisions of any Intercreditor Agreement, this Indenture, the Security Documents or otherwise,
all Trust Monies shall be held by the Trustee as a part of the Collateral securing the Securities
and, so long as no Event of Default has occurred and is continuing, shall either (i) be released as
contemplated by Section 4.06 if such Trust Monies represent Net Cash Proceeds or (ii) to the extent
not required to be applied pursuant to Section 4.06, at the direction of the Company be applied by
the Trustee from time to time to the payment of the principal of, premium, if any, and interest on
any Securities at maturity or upon redemption or retirement, or to the purchase of Securities upon
tender or in the open market or otherwise, in each case in compliance with this Indenture. The
Trustee shall be entitled to apply any Trust Monies to cure any Event of Default. Trust Monies
deposited with the Trustee shall be invested in Cash Equivalents pursuant to the direction of the
Company and, so long as no Default has occurred

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and is continuing, the Company shall be entitled to any interest or dividends accrued, earned
or paid on such Cash Equivalents.

          SECTION 11.08. Suits to Protect the Collateral. Subject to the terms, conditions and
provisions of Article 7 hereof and the Intercreditor Agreement, the Trustee in its sole discretion
and without the consent of the Holders, on behalf of the Holders, may or may direct the Second Lien
Collateral Agent to take all actions it deems necessary or appropriate in order to: (i) enforce
any of the terms of the Security Documents; and (ii) collect and receive any and all amounts
payable in respect of the Obligations of the Company hereunder.

          Subject to the terms, conditions and provisions of the Security Documents and the
Intercreditor Agreement, the Trustee shall have power to institute and to maintain such suits and
proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which
may be unlawful or in violation of any of the Security Documents or this Indenture, and such suits
and proceedings as the Trustee, in its sole discretion, may deem expedient to preserve or protect
its interests and the interests of the Holders in the Collateral (including power to institute and
maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or
other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if
the enforcement of, or compliance with, such enactment, rule or order would impair the Liens on the
Collateral or be prejudicial to the interests of the Holders or the Trustee).

          SECTION 11.09. Authorization of Receipt of Funds by the Trustee Under the Security
Documents. Subject to the terms, conditions and provisions of the Intercreditor Agreement, the
Trustee is authorized to receive any funds for the benefit of the Holders distributed under the
Security Documents, and to make further distributions of such funds to the Holders according to the
provisions of this Indenture.

          SECTION 11.10. Trustee and Second Lien Collateral Agent. (a) Each of the Trustee and
the Second Lien Collateral Agent is authorized and directed to (i) enter into the Security
Documents, (ii) enter into the Intercreditor Agreement, (iii) bind the Holders on the terms as set
forth in the Security Documents and the Intercreditor Agreement and (iv) perform and observe its
obligations under the Security Documents and the Intercreditor Agreement; provided,
however, that if any of the provisions of the Security Documents limit, qualify or conflict
with the duties imposed by the provisions of the TIA, the TIA shall control.

          (b) The Second Lien Collateral Agent is authorized and directed to execute any amendment,
modification, supplement, restatement or extension of the Intercreditor Agreement or any Security
Document authorized pursuant to Article 9 if such amendment, modification, supplement, restatement
or extension, as applicable, does not adversely affect the rights, duties, liabilities or
immunities of the Second Lien Collateral Agent. If it does, the Second Lien Collateral Agent may
but need not sign it. In signing such an amendment, modification, supplement, restatement or
extension, the Second Lien Collateral Agent shall be entitled to receive indemnity reasonably
satisfactory to it and to receive, and, in the absence of bad faith, negligence or willful
misconduct on its part, shall be fully protected in relying upon, an Officers’ Certificate stating
that such amendment, modification, supplement, restatement or extension, as applicable, is
authorized or permitted by this Indenture.

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          (c) If the Company or any Subsidiary Guarantor (i) incurs First Lien Obligations that are
permitted to be Incurred pursuant to this Indenture at any time when no intercreditor agreement is
in effect or at any time when Indebtedness constituting First Lien Obligations entitled to the
benefit of an existing Intercreditor Agreement is concurrently retired, and (ii) delivers to the
Trustee and the Second Lien Collateral Agent an Officers’ Certificate so stating and requesting the
Trustee or the Second Lien Collateral Agent to enter into an intercreditor agreement (consistent
with the 2011 Intercreditor Agreement) in favor of a designated agent or representative for the
holders of the First Lien Obligations so Incurred, each of the Trustee and the Second Lien
Collateral Agent shall (and is hereby authorized and directed to) enter into such intercreditor
agreement, bind the Holders on the terms set forth therein and perform and observe its obligations
thereunder.

          (d) The Trustee shall not be deemed to owe any fiduciary duty to any First Priority Secured
Party. With respect to the First Priority Secured Parties, the Trustee undertakes to perform or to
observe only such of its covenants or obligations as are specifically set forth in this Article 11
and the Intercreditor Agreement, and no implied covenants or obligations with respect to the First
Priority Secured Parties shall be read into this Indenture against the Trustee.

          (e) Beyond the exercise of reasonable care in the custody thereof, the Trustee shall have no
duty as to any Collateral in its possession or control or in the possession or control of any agent
or bailee or any income thereon or as to preservation of rights against prior parties or any other
rights pertaining thereto, and the Trustee shall not be responsible for filing any financing or
continuation statements or recording any documents or instruments in any public office at any time
or times or otherwise perfecting or maintaining the perfection of any security interest in the
Collateral, unless requested in writing by the Company. The Trustee shall be deemed to have
exercised reasonable care in the custody of the Collateral in its possession if the Collateral is
accorded treatment substantially equal to that which it accords its own property and shall not be
liable or responsible for any loss or diminution in the value of any of the Collateral, by reason
of the act or omission of any carrier, forwarding agency or other agent or bailee selected by the
Trustee in good faith.

Article 12

Miscellaneous

          SECTION 12.01. Trust Indenture Act Controls. If any provision of this Indenture
limits, qualifies or conflicts with another provision which is required to be included in this
Indenture by the TIA, the required provision shall control.

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          SECTION 12.02. Notices. Any notice or communication shall be in writing and delivered
in person or mailed by first-class mail addressed as follows:

if to the Company or any Subsidiary Guarantor:

Commercial Vehicle Group, Inc.

7800 Walton Parkway

New Albany, OH 43054

Attention: Chad M. Utrup, Chief Financial Officer

if to the Trustee:

U.S. Bank National Association

60 Livingston Avenue

EP-MN-WS3C

St. Paul, MN 55107-2292

Attention: Donald Hurrelbrink, Vice President

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

          Any notice or communication mailed to a Securityholder shall be mailed to the Securityholder
at the Securityholder’s address as it appears on the registration books of the Registrar and shall
be sufficiently given if so mailed within the time prescribed.

          Failure to mail a notice or communication to a Securityholder or any defect in it shall not
affect its sufficiency with respect to other Securityholders. If a notice or communication is
mailed in the manner provided above, it is duly given, whether or not the addressee receives it.

          Notwithstanding anything to the contrary herein, the Trustee may make delivery of any notices
required to be made hereunder to the Depository or its nominee because of the Depository’s or its
nominee’s status as a Holder by electronic mail in accordance with accepted practices at the
Depository.

          SECTION 12.03. Communication by Holders with Other Holders. Securityholders may
communicate pursuant to TIA § 312(b) with other Securityholders with respect to their rights under
this Indenture or the Securities. The Company, any Subsidiary Guarantor, the Trustee, the
Registrar and anyone else shall have the protection of TIA § 312(c).

          SECTION 12.04. Certificate and Opinion as to Conditions Precedent. Upon any request
or application by the Company to the Trustee to take or refrain from taking any action under this
Indenture, the Company shall furnish to the Trustee:

     (1) an Officers’ Certificate in form and substance reasonably satisfactory to the
Trustee stating that, in the opinion of the signers, all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been complied with; and

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     (2) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee
stating that, in the opinion of such counsel, all such conditions precedent have been
complied with.

          SECTION 12.05. Statements Required in Certificate or Opinion. Each certificate or
opinion with respect to compliance with a covenant or condition provided for in this Indenture
shall include:

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

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

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

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

          SECTION 12.06. When Securities Disregarded. In determining whether the Holders of the
required principal amount of Securities have concurred in any direction, waiver or consent,
Securities owned by the Company or by any Person directly or indirectly controlling or controlled
by or under direct or indirect common control with the Company shall be disregarded and deemed not
to be outstanding, except that, for the purpose of determining whether the Trustee shall be
protected in relying on any such direction, waiver or consent, only Securities which the Trustee
knows are so owned shall be so disregarded. Also, subject to the foregoing, only Securities
outstanding at the time shall be considered in any such determination.

          SECTION 12.07. Rules by Trustee, Paying Agent and Registrar. The Trustee may make
reasonable rules for action by or a meeting of Securityholders. The Registrar and the Paying Agent
may make reasonable rules for their functions.

          SECTION 12.08. Legal Holidays. If a payment date is a Legal Holiday, payment shall be
made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the
intervening period. If a regular record date is a Legal Holiday, the record date shall not be
affected.

          SECTION 12.09. Governing Law. This Indenture, the Securities and the Subsidiary
Guaranties shall be governed by, and construed in accordance with, the laws of the State of New
York, without giving effect to principles of conflicts of laws.

          SECTION 12.10. WAIVER OF JURY TRIAL. EACH OF THE COMPANY, THE SUBSIDIARY GUARANTORS
AND THE TRUSTEE, IN ITS CAPACITY AS TRUSTEE, HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN

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ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE
TRANSACTIONS CONTEMPLATED HEREBY.

          SECTION 12.11. No Recourse Against Others. No director, officer, employee,
incorporator or stockholder, as such, of the Company or any Subsidiary Guarantor shall have any
liability for any obligations of the Company or any Subsidiary Guarantor under the Securities, any
Subsidiary Guaranty, the Security Documents or this Indenture or for any claim based on, in respect
of, or by reason of such obligations or their creation. By accepting a Security, each
Securityholder shall waive and release all such liability. The waiver and release shall be part of
the consideration for the issue of the Securities.

          SECTION 12.12. Successors. All agreements of the Company in this Indenture and the
Securities shall bind its successors. All agreements of the Trustee in this Indenture shall bind
its successors.

          SECTION 12.13. Multiple Originals. The parties may sign any number of copies of this
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement. One signed copy is enough to prove this Indenture.

          SECTION 12.14. Table of Contents; Headings. The table of contents, cross-reference
sheet and headings of the Articles and Sections of this Indenture have been inserted for
convenience of reference only, are not intended to be considered a part hereof and shall not modify
or restrict any of the terms or provisions hereof.

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

	 	 	 	 	 
	 	COMMERCIAL VEHICLE GROUP, INC.

 	 
	 	By  	/s/ Chad M. Utrup	 
	 	 	Name:  	Chad M. Utrup 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	TRIM SYSTEMS, INC.

TRIM SYSTEMS OPERATING CORP.

NATIONAL SEATING COMPANY

CVS HOLDINGS, INC.

SPRAGUE DEVICES, INC.

CVG MANAGEMENT CORPORATION

CVG LOGISTICS, LLC

MAYFLOWER VEHICLE SYSTEMS, LLC

MONONA CORPORATION

MONONA WIRE CORPORATION

MONONA (MEXICO) HOLDINGS LLC

CABARRUS PLASTICS, INC.

CVG EUROPEAN HOLDINGS, LLC

CVG OREGON, LLC

CVG CS LLC

CVG ALABAMA, LLC

 	 
	 	By  	/s/ Chad M. Utrup	 
	 	 	Name:  	Chad M. Utrup 	 
	 	 	Title:  	Chief Financial Officer 	 

 

 

	 	 	 	 	 

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

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, 

as Trustee and (for purposes of Article 11 only)

as Second Lien Collateral Agent

 	 
	 	By  	/s/ Donald T. Hurrelbrink	 
	 	 	Name:  	Donald T. Hurrelbrink	 
	 	 	Title:  	Vice President	 
	 

 

 

RULE 144A/REGULATION S APPENDIX

PROVISIONS RELATING TO INITIAL SECURITIES,

PRIVATE EXCHANGE SECURITIES

AND EXCHANGE SECURITIES

     1. Definitions

     1.1 Definitions

     For the purposes of this Appendix the following terms shall have the meanings indicated below:

          “Additional Securities” means Securities (other than the Initial Securities issued on the
Issue Date and Securities issued in exchange therefor) issued under the Indenture, as part of the
same series as the Initial Securities issued on the Issue Date.

          “Applicable Procedures” means, with respect to any transfer or transaction prior to the
expiration of the Restricted Period and involving a Regulation S Global Security or beneficial
interest therein, the rules and procedures of the Depository for such a transfer or transaction, to
the extent applicable and as in effect from time to time.

          “Definitive Security” means a certificated Initial Security or Exchange Security or Private
Exchange Security bearing, if required, the appropriate restricted securities legend set forth in
Section 2.3(e).

          “Depository” means The Depository Trust Company, its nominees and their respective successors.

          “Exchange Securities” means (1) the 7.875% Senior Secured Notes Due 2019 issued pursuant to
the Indenture in connection with a Registered Exchange Offer pursuant to a Registration Rights
Agreement and (2) Additional Securities, if any, issued pursuant to a registration statement filed
with the SEC under the Securities Act.

          “Initial Purchaser” means (1) with respect to the Initial Securities issued on the Issue Date,
Credit Suisse Securities (USA) LLC and (2) with respect to each issuance of Additional Securities,
the Persons purchasing such Additional Securities under the related Purchase Agreement.

          “Initial Securities” means (1) $250.0 million aggregate principal amount of 7.875% Senior
Secured Notes Due 2019 issued on the Issue Date and (2) Additional Securities, if any, issued in a
transaction exempt from the registration requirements of the Securities Act.

          “Private Exchange” means the offer by the Company, pursuant to a Registration Rights
Agreement, to the Initial Purchaser to issue and deliver to the Initial Purchaser, in exchange for
the Initial Securities held by the Initial Purchaser as part of its initial distribution, a like
aggregate principal amount of Private Exchange Securities.

 

          “Private Exchange Securities” means any 7.875% Senior Secured Notes Due 2019 issued in
connection with a Private Exchange.

          “Purchase Agreement” means (1) with respect to the Initial Securities issued on the Issue
Date, the Purchase Agreement dated April 13, 2011, among the Company, the Subsidiary Guarantors and
the Initial Purchaser, and (2) with respect to each issuance of Additional Securities, the purchase
agreement or underwriting agreement among the Company, the Subsidiary Guarantors and the Persons
purchasing such Additional Securities.

          “QIB” means a “qualified institutional buyer” as defined in Rule 144A.

          “Registered Exchange Offer” means the offer by the Company, pursuant to a Registration Rights
Agreement, to certain Holders of Initial Securities, to issue and deliver to such Holders, in
exchange for the Initial Securities, a like aggregate principal amount of Exchange Securities
registered under the Securities Act.

          “Registration Rights Agreement” means (1) with respect to the Initial Securities issued on the
Issue Date, the Registration Rights Agreement dated April 26, 2011, among the Company, the
Subsidiary Guarantors and the Initial Purchaser and (2) with respect to each issuance of Additional
Securities issued in a transaction exempt from the registration requirements of the Securities Act,
the registration rights agreement, if any, among the Company, the Subsidiary Guarantors and the
Persons purchasing such Additional Securities under the related Purchase Agreement.

          “Restricted Period” means, with respect to any Securities, the period of 40 consecutive days
beginning on and including the later of (i) the day on which such Securities are first offered to
Persons other than distributors (as defined in Regulation S under the Securities Act) in reliance
on Regulation S and (ii) the issue date with respect to such Securities.

          “Rule 144A Securities” means all Securities offered and sold to QIBs in reliance on Rule 144A.

          “Securities” means the Initial Securities, the Exchange Securities and the Private Exchange
Securities, treated as a single class.

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

          “Securities Custodian” means the custodian with respect to a Global Security (as appointed by
the Depository), or any successor Person thereto and shall initially be the Trustee.

          “Shelf Registration Statement” means the registration statement issued by the Company in
connection with the offer and sale of Initial Securities or Private Exchange Securities pursuant to
a Registration Rights Agreement.

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          “Transfer Restricted Securities” means Securities that bear or are required to bear the legend
relating to restrictions on transfer relating to the Securities Act set forth in Section 2.3(e)
hereto.

1.2 Other Definitions

	 	 	 	 	 
	 	 	Defined in	 
	Term	 	Section:	 
	“Agent Members”
	 	 	2.1	(b)
	“Clearstream, Luxembourg”
	 	 	2.1	(a)
	“Euroclear”
	 	 	2.1	(a)
	“Global Securities”
	 	 	2.1	(a)
	“Regulation S”
	 	 	2.1	(a)
	“Regulation S Global Security”
	 	 	2.1	(a)
	“Regulation S Permanent Global Security”
	 	 	2.1	(a)
	“Regulation S Temporary Global Security”
	 	 	2.1	(a)
	“Restricted Securities Legend”
	 	 	2.3	(e)
	“Rule 144A”
	 	 	2.1	(a)
	“Rule 144A Global Security”
	 	 	2.1	(a)

     2. The Securities.

     2.1 (a) Form and Dating. The Initial Securities were offered and sold by the Company
pursuant to a Purchase Agreement. The Initial Securities will be resold initially only to (i) QIBs
in reliance on Rule 144A under the Securities Act (“Rule 144A”) and (ii) Persons other than U.S.
Persons (as defined in Regulation S) in reliance on Regulation S under the Securities Act
(“Regulation S”). Initial Securities may thereafter be transferred to, among others, QIBs and
purchasers in reliance on Regulation S, subject to the restrictions on transfer set forth herein.
Initial Securities initially resold pursuant to Rule 144A shall be issued initially in the form of
one or more securities in registered, global form (collectively, the “Rule 144A Global Security”);
and Initial Securities initially resold pursuant to Regulation S shall be issued initially in the
form of one or more temporary securities in registered, global form (collectively, the “Regulation
S Temporary Global Security”), in each case without interest coupons and with the global securities
legend and the applicable restricted securities legend set forth in Exhibit 1 hereto, which shall
be deposited on behalf of the purchasers of the Initial Securities represented thereby with the
Securities Custodian and registered in the name of the Depository or a nominee of the Depository,
duly executed by the Company and authenticated by the Trustee as provided in the Indenture. Until
the expiration of the Restricted Period, beneficial ownership interests in the Regulation S
Temporary Global Securities may be held only through Euroclear Bank S.A./N.V., as operator of the
Euroclear System (“Euroclear”), and Clearstream Banking, Société Anonyme (“Clearstream,
Luxembourg”), as indirect participants in DTC, unless transferred to a Person that takes delivery
through a Rule 144A Global Security in accordance with the certification requirements described in
the second succeeding paragraph below. Except as set forth in this Section 2.1(a), beneficial
ownership interests in the Regulation S

3

 

Temporary Global Security will not be exchangeable for interests in the Rule 144A Global
Security or any other Security prior to the expiration of the Restricted Period and then, after the
expiration of the Restricted Period, may be exchanged for one or more permanent securities in
registered, global form without interest coupons (collectively, the “Regulation S Permanent Global
Security” and, together with the Regulation S Temporary Global Security, the “Regulation S Global
Security”) or a Definitive Security upon (i) delivery to DTC of certification of compliance with
the transfer restrictions applicable to the Securities and pursuant to Regulation S as provided in
the Indenture, (ii) a certification in form satisfactory to the Trustee that beneficial ownership
interests in such Regulation S Temporary Global Security are owned either by non-U.S. persons or
U.S. persons who purchased such interests in a transaction that did not require registration under
the Securities Act and (iii) in the case of an exchange for Definitive Securities, in compliance
with the requirements described in Section 2.4(a) of this Appendix.

          Definitive Securities may not be exchanged for beneficial interests in any Global Security
unless the transferor first delivers to the Trustee a written certificate (in the form provided in
the Indenture) to the effect that such transfer will comply with the appropriate transfer
restrictions applicable to such Securities.

          Prior to the expiration of the Restricted Period, beneficial interests in Regulation S Global
Securities may be exchanged for interests in Rule 144A Global Securities only if (1) such exchange
occurs in connection with a transfer of Securities pursuant to Rule 144A and (2) the transferor of
the beneficial interest in the Regulation S Global Security first delivers to the Trustee a written
certificate (in the form provided in the Indenture) to the effect that the beneficial interest in
the Regulation S Global Security is being transferred to a Person (a) whom the transferor
reasonably believes to be a QIB, (b) purchasing for its own account or the account of a QIB in a
transaction meeting the requirements of Rule 144A, and (c) in accordance with all applicable
securities laws of the states of the United States and other jurisdictions and that, if such
transfer occurs prior to the expiration of the Restricted Period, the interest transferred will be
held immediately thereafter through Euroclear or Clearstream, Luxembourg.

          Beneficial interests in a Rule 144A Global Security may be transferred to a Person who takes
delivery in the form of an interest in a Regulation S Global Security, whether before or after the
expiration of the Restricted Period, only if the transferor first delivers to the Trustee a written
certificate (in the form provided in the Indenture) to the effect that such transfer is being made
in accordance with Rule 903 or 904 of Regulation S or Rule 144 (if available).

          The Rule 144A Global Security, the Regulation S Global Security and any Global Securities in
fully registered form without the Restricted Securities Legend are collectively referred to herein
as “Global Securities.” The aggregate principal amount of the Global Securities may from time to
time be increased or decreased by adjustments made on the records of the Trustee and the Depository
or its nominee as hereinafter provided.

4

 

          (b) Book-Entry Provisions. This Section 2.1(b) shall apply only to a Global Security
deposited with or on behalf of the Depository.

          The Company shall execute and the Trustee shall, in accordance with this Section 2.1(b),
authenticate and deliver initially one or more Global Securities that (a) shall be registered in
the name of the Depository for such Global Security or Global Securities or the nominee of such
Depository and (b) shall be delivered by the Trustee to such Depository or pursuant to such
Depository’s instructions or held by the Trustee as custodian for the Depository.

          Members of, or participants in, the Depository (“Agent Members”) shall have no rights under
the Indenture with respect to any Global Security held on their behalf by the Depository or by the
Trustee as the custodian of the Depository or under such Global Security, and the Company, the
Trustee and any agent of the Company or the Trustee shall be entitled to treat the Depository as
the absolute owner of such Global Security for all purposes whatsoever. Notwithstanding the
foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the
Trustee from giving effect to any written certification, proxy or other authorization furnished by
the Depository or impair, as between the Depository and its Agent Members, the operation of
customary practices of such Depository governing the exercise of the rights of a holder of a
beneficial interest in any Global Security.

          (c) Definitive Securities. Except as provided in this Section 2.1 or Section 2.3 or
2.4, owners of beneficial interests in Global Securities shall not be entitled to receive physical
delivery of Definitive Securities.

     2.2 Authentication. The Trustee shall authenticate and deliver: (1) on the Issue
Date, an aggregate principal amount of $250.0 million of 7.875% Senior Secured Notes Due 2019, (2)
any Additional Securities for an original issue in an aggregate principal amount specified in the
written order of the Company pursuant to Section 2.02 of the Indenture, (3) Exchange Securities or
Private Exchange Securities for issue only in a Registered Exchange Offer or a Private Exchange,
respectively, pursuant to a Registration Rights Agreement, for a like principal amount of Initial
Securities, and (4) a Global Security without the Restricted Securities Legend pursuant to Section
2.3(e) of this Appendix, in each case upon a written order of the Company signed by an Officer.
Such order shall specify the amount of the Securities to be authenticated and the date on which the
original issue of Securities is to be authenticated and, in the case of any issuance of Additional
Securities pursuant to Section 2.13 of the Indenture, shall certify that such issuance is in
compliance with Sections 4.03 and 4.10 of the Indenture.

     2.3 Transfer and Exchange.

          (a) Transfer and Exchange of Definitive Securities. When Definitive Securities are
presented to the Registrar with a request:

	 	(x)	 	to register the transfer of such Definitive Securities; or

5

 

	 	(y)	 	to exchange such Definitive Securities for an equal principal
amount of Definitive Securities of other authorized denominations,

the Registrar shall register the transfer or make the exchange as requested if its reasonable
requirements for such transaction are met; provided, however, that the Definitive
Securities surrendered for transfer or exchange:

     (i) shall be duly endorsed or accompanied by a written instrument of transfer in form
reasonably satisfactory to the Company and the Registrar, duly executed by the Holder
thereof or its attorney duly authorized in writing; and

     (ii) if such Definitive Securities are required to bear a restricted securities
legend, they are being transferred or exchanged pursuant to an effective registration
statement under the Securities Act, pursuant to Section 2.3(b) or pursuant to clause (A),
(B) or (C) below, and are accompanied by the following additional information and
documents, as applicable:

     (A) if such Definitive Securities are being delivered to the Registrar by a
Holder for registration in the name of such Holder, without transfer, a
certification from such Holder to that effect; or

     (B) if such Definitive Securities are being transferred to the Company, a
certification to that effect; or

     (C) if such Definitive Securities are being transferred (x) pursuant to an
exemption from registration in accordance with Rule 144A, Regulation S or Rule 144
under the Securities Act; or (y) in reliance upon another exemption from the
requirements of the Securities Act: (i) a certification to that effect (in the form
set forth on the reverse of the Security) and (ii) if the Company so requests, an
opinion of counsel or other evidence reasonably satisfactory to it as to the
compliance with the restrictions set forth in the legend set forth in Section
2.3(e)(i).

          (b) Restrictions on Transfer of a Definitive Security for a Beneficial Interest in a
Global Security. A Definitive Security may not be exchanged for a beneficial interest in a
Rule 144A Global Security or a Regulation S Global Security except upon satisfaction of the
requirements set forth below. Upon receipt by the Trustee of a Definitive Security, duly endorsed
or accompanied by appropriate instruments of transfer, in form satisfactory to the Trustee,
together with:

     (i) certification, in the form set forth on the reverse of the Security, that
such Definitive Security is either (A) being transferred to a QIB in accordance
with Rule 144A or (B) being transferred after expiration of the Restricted Period
by a Person who initially purchased such Security in reliance on Regulation S to a
buyer who elects to hold its interest in such Security in the form of a beneficial
interest in the Regulation S Global Security; and

6

 

     (ii) written instructions directing the Trustee to make, or to direct the
Securities Custodian to make, an adjustment on its books and records with respect
to such Rule 144A Global Security (in the case of a transfer pursuant to clause
(b)(i)(A)) or Regulation S Global Security (in the case of a transfer pursuant to
clause (b)(i)(B)) to reflect an increase in the aggregate principal amount of the
Securities represented by the Rule 144A Global Security or Regulation S Global
Security, as applicable, such instructions to contain information regarding the
Depository account to be credited with such increase,

then the Trustee shall cancel such Definitive Security and cause, or direct the Securities
Custodian to cause, in accordance with the standing instructions and procedures existing between
the Depository and the Securities Custodian, the aggregate principal amount of Securities
represented by the Rule 144A Global Security or Regulation S Global Security, as applicable, to be
increased by the aggregate principal amount of the Definitive Security to be exchanged and shall
credit or cause to be credited to the account of the Person specified in such instructions a
beneficial interest in the Rule 144A Global Security or Regulation S Global Security, as
applicable, equal to the principal amount of the Definitive Security so canceled. If no Rule 144A
Global Securities or Regulation S Global Securities, as applicable, are then outstanding, the
Company shall issue and the Trustee shall authenticate, upon written order of the Company in the
form of an Officers’ Certificate of the Company, a new Rule 144A Global Security or Regulation S
Global Security, as applicable, in the appropriate principal amount.

(c) Transfer and Exchange of Global Securities.

     (i) The transfer and exchange of Global Securities or beneficial interests
therein shall be effected through the Depository, in accordance with the Indenture
(including applicable restrictions on transfer set forth herein, if any) and the
procedures of the Depository therefor. A transferor of a beneficial interest in a
Global Security shall deliver to the Registrar a written order given in accordance
with the Depository’s procedures containing information regarding the participant
account of the Depository to be credited with a beneficial interest in the Global
Security. The Registrar shall, in accordance with such instructions instruct the
Depository to credit to the account of the Person specified in such instructions a
beneficial interest in the Global Security and to debit the account of the Person
making the transfer the beneficial interest in the Global Security being
transferred.

     (ii) If the proposed transfer is a transfer of a beneficial interest in one
Global Security to a beneficial interest in another Global Security, the Registrar
shall reflect on its books and records the date and an increase in the principal
amount of the Global Security to which such interest is being transferred in an
amount equal to the principal amount of the interest to be so transferred, and the
Registrar shall reflect on its books and records

7

 

the date and a corresponding decrease in the principal amount of the Global
Security from which such interest is being transferred.

     (iii) Notwithstanding any other provisions of this Appendix (other than the
provisions set forth in Section 2.4), a Global Security may not be transferred as a
whole except by the Depository to a nominee of the Depository or by a nominee of
the Depository to the Depository or another nominee of the Depository or by the
Depository or any such nominee to a successor Depository or a nominee of such
successor Depository.

     (iv) In the event that Global Security is exchanged for Definitive Securities
pursuant to Section 2.4 of this Appendix, prior to the consummation of a Registered
Exchange Offer or the effectiveness of a Shelf Registration Statement with respect
to such Securities, such Securities may be exchanged only in accordance with such
procedures as are substantially consistent with the provisions of this Section 2.3
(including the certification requirements set forth on the reverse of the Initial
Securities intended to ensure that such transfers comply with Rule 144A, Regulation
S or another applicable exemption under the Securities Act, as the case may be) and
such other procedures as may from time to time be adopted by the Company.

          (d) Restrictions on Transfer of Regulation S Global Securities. During the Restricted
Period, beneficial ownership interests in Regulation S Global Securities may only be sold, pledged
or transferred in accordance with the Applicable Procedures and only (i) to the Company, (ii) in an
offshore transaction in accordance with Regulation S or (iii) pursuant to an effective registration
statement under the Securities Act, in each case in accordance with any applicable securities laws
of any State of the United States.

          (e) Legend.

     (i) Except as permitted by the following paragraphs (ii), (iii) and (iv), each
Security certificate evidencing the Global Securities (and all Securities issued in
exchange therefor or in substitution thereof), in the case of Securities offered
other than in reliance on Regulation S, shall bear a legend in substantially the
following form (together with the legend in the second paragraph of this Section
2.3(e)(i), the “Restricted Securities Legend”):

THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION
EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”), AND THIS SECURITY MAY NOT BE OFFERED,
SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN
APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS SECURITY IS

8

 

HEREBY NOTIFIED THAT THE SELLER OF THIS SECURITY MAY BE RELYING ON THE
EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED
BY RULE 144A THEREUNDER.

THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A)
THIS SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED,
ONLY (I) TO THE COMPANY, (II) IN THE UNITED STATES TO A PERSON WHOM THE
SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED
IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE
REQUIREMENTS OF RULE 144A, (III) OUTSIDE THE UNITED STATES IN AN OFFSHORE
TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT, (IV)
PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE), OR (V) PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF
CASES (I) THROUGH (V) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF
ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH
SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS SECURITY
FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE.

Each certificate evidencing a Security offered in reliance on Regulation S shall bear
a legend in substantially the following form:

THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION
ORIGINALLY EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE TRANSFERRED IN THE
UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON
EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND ALL APPLICABLE STATE SECURITIES
LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S
UNDER THE SECURITIES ACT.

9

 

Each Definitive Security shall also bear the following additional legend:

IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR
AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH
TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER
COMPLIES WITH THE FOREGOING RESTRICTIONS.

     (ii) Upon any sale or transfer of a Transfer Restricted Security (including
any Transfer Restricted Security represented by a Global Security) pursuant to Rule
144 under the Securities Act, the Registrar shall permit the transferee thereof to
exchange such Transfer Restricted Security for a certificated Security that does
not bear the legend set forth above and rescind any restriction on the transfer of
such Transfer Restricted Security, if the transferor thereof certifies in writing
to the Registrar that such sale or transfer was made in reliance on Rule 144 (such
certification to be in the form set forth on the reverse of the Security); and to
the extent permitted by law at any time after one year has elapsed following the
Issue Date, if the Securities are freely tradeable without restriction pursuant to
Rule 144 under the Securities Act (or successor rule), the Registrar shall permit
the removal of the Restricted Securities Legend and rescind any restriction on the
transfer of such Transfer Restricted Security if the Company delivers to the
Trustee an opinion reasonably satisfactory to the Trustee that the removal of the
Restricted Securities Legend is in compliance with the Securities Act.

     (iii) After a transfer of any Initial Securities or Private Exchange
Securities pursuant to and during the period of the effectiveness of a Shelf
Registration Statement with respect to such Initial Securities or Private Exchange
Securities, as the case may be, all requirements pertaining to legends on such
Initial Security or such Private Exchange Security will cease to apply, the
requirements requiring any such Initial Security or such Private Exchange Security
issued to certain Holders be issued in global form will cease to apply, and a
certificated Initial Security or Private Exchange Security or an Initial Security
or Private Exchange Security in global form, in each case without restrictive
transfer legends, will be available to the transferee of the Holder of such Initial
Securities or Private Exchange Securities upon exchange of such transferring
Holder’s certificated Initial Security or Private Exchange Security or directions
to transfer such Holder’s interest in the Global Security, as applicable.

     (iv) Upon the consummation of a Registered Exchange Offer with respect to the
Initial Securities, all requirements pertaining to such Initial Securities that
Initial Securities issued to certain Holders be issued in global form will still
apply with respect to Holders of such Initial Securities that do not exchange their
Initial Securities, and Exchange

10

 

Securities in certificated or global form, in each case without the restricted
securities legend set forth in Exhibit 1 hereto will be available to Holders that
exchange such Initial Securities in such Registered Exchange Offer.

     (v) Upon the consummation of a Private Exchange with respect to the Initial
Securities, all requirements pertaining to such Initial Securities that Initial
Securities issued to certain Holders be issued in global form will still apply with
respect to Holders of such Initial Securities that do not exchange their Initial
Securities, and Private Exchange Securities in global form with the global
securities legend and the applicable restricted securities legend set forth in
Exhibit 1 hereto will be available to Holders that exchange such Initial Securities
in such Private Exchange.

          (f) Cancellation or Adjustment of Global Security. At such time as all beneficial
interests in a Global Security have either been exchanged for Definitive Securities, redeemed,
purchased or canceled, such Global Security shall be returned to the Depository for cancellation or
retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial
interest in a Global Security is exchanged for certificated Securities, redeemed, purchased or
canceled, the principal amount of Securities represented by such Global Security shall be reduced
and an adjustment shall be made on the books and records of the Trustee (if it is then the
Securities Custodian for such Global Security) with respect to such Global Security, by the Trustee
or the Securities Custodian, to reflect such reduction.

          (g) No Obligation of the Trustee.

     (i) The Trustee shall have no responsibility or obligation to any beneficial
owner of a Global Security, a member of, or a participant in the Depository or
other Person with respect to the accuracy of the records of the Depository or its
nominee or of any participant or member thereof, with respect to any ownership
interest in the Securities or with respect to the delivery to any participant,
member, beneficial owner or other Person (other than the Depository) of any notice
(including any notice of redemption) or the payment of any amount, under or with
respect to such Securities. All notices and communications to be given to the
Holders and all payments to be made to Holders under the Securities shall be given
or made only to or upon the order of the registered Holders (which shall be the
Depository or its nominee in the case of a Global Security). The rights of
beneficial owners in any Global Security shall be exercised only through the
Depository subject to the applicable rules and procedures of the Depository. The
Trustee may rely and shall be fully protected in relying upon information furnished
by the Depository with respect to its members, participants and any beneficial
owners.

     (ii) The Trustee shall have no obligation or duty to monitor, determine or
inquire as to compliance with any restrictions on transfer

11

 

imposed under the Indenture or under applicable law with respect to any
transfer of any interest in any Security (including any transfers between or among
Depository participants, members or beneficial owners in any Global Security) other
than to require delivery of such certificates and other documentation or evidence
as are expressly required by, and to do so if and when expressly required by, the
terms of the Indenture, and to examine the same to determine substantial compliance
as to form with the express requirements hereof.

          2.4 Definitive Securities.

          (a) A Global Security deposited with the Depository or with the Trustee as Securities
Custodian for the Depository pursuant to Section 2.1 shall be transferred to the beneficial owners
thereof in the form of Definitive Securities in an aggregate principal amount equal to the
principal amount of such Global Security, in exchange for such Global Security, only if such
transfer complies with Section 2.3 hereof and (i) the Depository notifies the Company that it is
unwilling or unable to continue as Depository for such Global Security and the Depository fails to
appoint a successor depository or if at any time such Depository ceases to be a “clearing agency”
registered under the Exchange Act, in either case, and a successor depository is not appointed by
the Company within 90 days of such notice, (ii) a Default with respect to the Securities has
occurred and is continuing and DTC or the Company specifically requests such exchange, (iii) the
Company, in its sole discretion, notifies the Trustee in writing that it elects to cause the
issuance of Definitive Securities under the Indenture or (iv) upon prior written notice given to
the Trustee by or on behalf of the Depository in accordance with the Indenture.

          (b) Any Global Security that is transferable to the beneficial owners thereof pursuant to this
Section 2.4 shall be surrendered by the Depository to the Trustee located at its principal
corporate trust office in the Borough of Manhattan, The City of New York, to be so transferred, in
whole or from time to time in part, without charge, and the Trustee shall authenticate and deliver,
upon such transfer of each portion of such Global Security, an equal aggregate principal amount of
Definitive Securities of authorized denominations. Any portion of a Global Security transferred
pursuant to this Section 2.4 shall be executed, authenticated and delivered only in minimum
denominations of $2,000 principal amount and any integral multiple of $1,000 in excess thereof and
registered in such names as the Depository shall direct. Any Definitive Security delivered in
exchange for an interest in the Transfer Restricted Security shall, except as otherwise provided by
Section 2.3(e) hereof, bear the applicable restricted securities legend and definitive securities
legend set forth in Exhibit 1 hereto unless that legend is not required by applicable law.

          (c) Subject to the provisions of Section 2.4(b) hereof, the registered Holder of a Global
Security shall be entitled to grant proxies and otherwise authorize any Person, including Agent
Members and Persons that may hold interests through Agent Members, to take any action which a
Holder is entitled to take under the Indenture or the Securities.

12

 

          (d) In the event of the occurrence of one of the events specified in Section 2.4(a) hereof,
the Company shall promptly make available to the Trustee a reasonable supply of Definitive
Securities in definitive, fully registered form without interest coupons.

13

 

EXHIBIT

to

RULE 144A/REGULATION S APPENDIX

[FORM OF FACE OF INITIAL SECURITY]

[Global Securities Legend]

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

          TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF
THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET
FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

          [[FOR REGULATION S GLOBAL SECURITY ONLY] UNTIL 40 DAYS AFTER THE LATER OF COMMENCEMENT OR
COMPLETION OF THE OFFERING, AN OFFER OR SALE OF SECURITIES WITHIN THE UNITED STATES BY A DEALER (AS
DEFINED IN THE SECURITIES ACT) MAY VIOLATE THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IF
SUCH OFFER OR SALE IS MADE OTHERWISE THAN IN ACCORDANCE WITH RULE 144A THEREUNDER.]

[Restricted Securities Legend for Securities offered otherwise than in Reliance on Regulation S]

          THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM
REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND
THIS SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION
OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE
SELLER OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE
SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER.

          THE HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS SECURITY MAY
BE OFFERED, RESOLD, PLEDGED OR

1

 

OTHERWISE TRANSFERRED, ONLY (I) TO THE COMPANY, (II) IN THE UNITED STATES TO A PERSON WHOM THE
SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE
SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (III) OUTSIDE THE UNITED
STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT, (IV)
PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER
(IF AVAILABLE), OR (V) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN
EACH OF CASES (I) THROUGH (V) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE
UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY
PURCHASER OF THIS SECURITY FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE.

[Restricted Securities Legend for Securities Offered in Reliance on Regulation S.]

          THIS SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION ORIGINALLY EXEMPT
FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY
NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON
EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN
REGULATION S UNDER THE SECURITIES ACT.

[Definitive Securities Legend]

          IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT
SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM
THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.

2

 

			
	No._____
	 	$ _____

CUSIP No._____

ISIN No._____

7.875% Senior Notes Due 2019

          Commercial Vehicle Group, Inc., a Delaware corporation, or its permitted successor, promises
to pay to [                     ], or registered assigns, the principal sum of [           ] Dollars on
April 15, 2019.

          Interest Payment Dates: April 15 and October 15.

          Record Dates: April 1 and October 1.

          Additional provisions of this Security are set forth on the other side of this Security.

Dated:

	 	 	 	 	 
	 	COMMERCIAL VEHICLE GROUP, INC.

 	 
	 	By  	 	 
	 	 	Name:  	 	 

	 	 	 	 	 
	 	

TRUSTEE’S CERTIFICATE OF

     AUTHENTICATION

U.S. BANK NATIONAL ASSOCIATION

as Trustee, certifies

     that this is one of

     the Securities referred

     to in the Indenture.

 	 
	 	By  	
 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

3

 

	 	 	 	 	 

[FORM OF REVERSE SIDE OF INITIAL SECURITY]

7.875% Senior Secured Note Due 2019

1. Interest

          Commercial Vehicle Group, Inc., a Delaware corporation (such corporation, and its successors
and assigns under the Indenture hereinafter referred to, being herein called the “Company”),
promises to pay interest on the principal amount of this Security at the rate per annum shown
above; provided, however, that if a Registration Default (as defined in the
Registration Rights Agreement) occurs, additional interest will accrue on this Security at a rate
of 0.50% per annum from and including the date on which any such Registration Default shall occur
to but excluding the date on which all Registration Defaults have been cured. The Company will pay
interest semiannually in arrears on April 15 and October 15 of each year, commencing October 15,
2011. Interest on the Securities will accrue from the most recent date to which interest has been
paid or, if no interest has been paid, from and including April 26, 2011. Interest will be
computed on the basis of a 360-day year of twelve 30-day months. The Company will pay interest on
overdue principal at the rate borne by this Security, and it will pay interest on overdue
installments of interest at the same rate to the extent lawful.

2. Method of Payment

          The Company will pay interest on the Securities (except defaulted interest) to the Persons who
are registered holders of Securities at the close of business on the April 1 or October 1 next
preceding the interest payment date even if Securities are canceled after the record date and on or
before the interest payment date. Holders must surrender Securities to a Paying Agent to collect
principal payments. The Company will pay principal and interest in money of the United States that
at the time of payment is legal tender for payment of public and private debts. Payments in
respect of the Securities represented by a Global Security (including principal, premium and
interest) will be made by wire transfer of immediately available funds to the accounts specified by
the Depository. The Company will make all payments in respect of a certificated Security
(including principal, premium and interest) by mailing a check to the registered address of each
Holder thereof; provided, however, that payments on a certificated Security will be
made by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United
States if such Holder elects payment by wire transfer by giving written notice to the Trustee or
the Paying Agent to such effect designating such account no later than 30 days immediately
preceding the relevant due date for payment (or such other date as the Trustee may accept in its
discretion).

3. Paying Agent and Registrar

          Initially, U.S. Bank National Association, a national banking organization (the “Trustee”),
will act as Paying Agent and Registrar. The Company may appoint and change any Paying Agent,
Registrar or co-registrar without notice. The Company or any of its domestically incorporated or
organized Wholly Owned Subsidiaries may act as Paying Agent, Registrar or co-registrar.

4

 

4. Indenture

          The Company issued the Securities under an Indenture dated as of April 26, 2011 (the
“Indenture”), among the Company, the Subsidiary Guarantors and the Trustee. The terms of the
Securities include those stated in the Indenture and those made part of the Indenture by reference
to the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) (the “Act”). Terms defined in the
Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The
Securities are subject to all such terms, and Securityholders are referred to the Indenture and the
Act for a statement of those terms.

          The Securities are senior secured obligations of the Company. The Company shall be entitled,
subject to its compliance with Sections 4.03 and 4.10 of the Indenture, to issue Additional
Securities pursuant to Section 2.13 of the Indenture. The Initial Securities issued on the Issue
Date, any Additional Securities and all Exchange Securities or Private Exchange Securities issued
in exchange therefor will be treated as a single class for all purposes under the Indenture. The
Indenture contains covenants that limit the ability of the Company and its subsidiaries to incur
additional indebtedness; pay dividends or distributions on, or redeem or repurchase, capital stock;
make investments; engage in transactions with affiliates; create liens on assets; transfer or sell
assets; guarantee indebtedness; restrict dividends or other payments of subsidiaries; consolidate,
merge or transfer all or substantially all of the Company’s assets and the assets of its
subsidiaries; and engage in sale/leaseback transactions. These covenants are subject to important
exceptions and qualifications.

5. Optional Redemption

          Except as set forth below, the Company shall not be entitled to redeem the Securities.

          On and after April 15, 2014, the Company shall be entitled at its option to redeem all or a
portion of the Securities at the redemption prices (expressed as percentages of principal amount on
the redemption date), plus accrued and unpaid interest, if any, to the redemption date (subject to
the right of Holders of record on the relevant record date to receive interest due on the relevant
interest payment date), if redeemed during the 12-month period commencing on April 15 of the years
set forth below:

	 	 	 	 	 
	 	 	Redemption	 
	Year	 	Price	 
	2014
	 	 	105.906	%
	2015
	 	 	103.938	%
	2016
	 	 	101.969	%
	2017 and thereafter
	 	 	100.000	%

          In addition, any time prior to April 15, 2014, the Company shall be entitled at its option to
redeem all or a portion of the Securities at a redemption price equal to 100% of the principal
amount of the Securities to be redeemed, plus the Applicable Premium as of, and

5

 

accrued and unpaid interest, if any, to, the redemption date (subject to the right of Holders
of record on the relevant record date to receive interest due on the relevant interest payment
date).

          Additionally, not more than once during each twelve-month period ending on April 15, 2012,
April 15, 2013 and April 15, 2014, the Company shall be entitled at its option to redeem up to 10%
of the original aggregate principal amount of the Securities in each such twelve-month period, at a
redemption price equal to 103.000% of the principal amount, plus accrued and unpaid interest, if
any, to the redemption date (subject to the right of Holders of record on the relevant record date
to receive interest due on the relevant interest payment date)

          Prior to April 15, 2014, the Company shall be entitled at its option on one or more occasions
to redeem Securities (which includes Additional Securities, if any) in an aggregate principal
amount not to exceed 35% of the aggregate principal amount of the Securities (which includes
Additional Securities, if any) originally issued at a redemption price (expressed as a percentage
of principal amount on the redemption date) of 107.875%, plus accrued and unpaid interest, if any,
to the redemption date (subject to the right of Holders of record on the relevant record date to
receive interest due on the relevant interest payment date), with the net cash proceeds from one or
more Equity Offerings; provided, however, that (1) at least 65% of such aggregate
principal amount of Securities (which includes Additional Securities, if any) remains outstanding
immediately after the occurrence of each such redemption (other than Securities held, directly or
indirectly, by the Company or its Affiliates); and (2) each such redemption occurs within 120 days
after the date of the related Equity Offering.

6. Notice of Redemption

          Notice of redemption will be mailed by first-class mail at least 30 days but not more than 60
days before the redemption date to each Holder of Securities to be redeemed at his registered
address. Notice of any redemption upon any Equity Offering may be given prior to the redemption
thereof, and any such redemption or notice may, at the Company’s discretion, be subject to one or
more conditions precedent, including, but not limited to, completion of the related Equity
Offering.

          Securities in denominations of $2,000 or less may only be redeemed in whole. Securities in
denominations larger than $2,000 principal amount may be redeemed in part but only in integral
multiples of $1,000. If money sufficient to pay the redemption price of and accrued interest on
all Securities (or portions thereof) to be redeemed on the redemption date is deposited with the
Paying Agent on or before the redemption date and certain other conditions are satisfied, on and
after such date interest ceases to accrue on such Securities (or such portions thereof) called for
redemption.

7. Put Provisions

          Upon a Change of Control, any Holder of Securities will have the right to cause the Company to
repurchase all or any part of the Securities of such Holder at a repurchase price equal to 101% of
the principal amount of the Securities to be repurchased plus accrued and unpaid interest, if any,
to the date of repurchase (subject to the right of Holders of record on the

6

 

relevant record date to receive interest due on the relevant interest payment date) as
provided in, and subject to the terms of, the Indenture.

8. Guaranty

          The payment by the Company of the principal of, and premium and interest on, the Securities is
fully and unconditionally guaranteed on a joint and several senior secured basis by each of the
Subsidiary Guarantors to the extent set forth in the Indenture.

9. Security

          The Securities and the Subsidiary Guaranties and all obligations with respect thereto under
the Indenture will be secured by second-priority security interests (subject to Permitted Liens) in
the Collateral, which security interests will be subject to the Intercreditor Agreement (as defined
in the Indenture). Subject to exceptions described in the Indenture and the Security Documents,
the Collateral consists of substantially all of the property and assets of the Company and the
Subsidiary Guarantors.

10. Denominations; Transfer; Exchange

          The Securities are in registered form without coupons in minimum denominations of $2,000
principal amount and integral multiples of $1,000 in excess thereof. A Holder may transfer or
exchange Securities in accordance with the Indenture. The Registrar may require a Holder, among
other things, to furnish appropriate endorsements or transfer documents and to pay any taxes and
fees required by law or permitted by the Indenture. The Registrar need not register the transfer
of or exchange any Securities selected for redemption (except, in the case of a Security to be
redeemed in part, the portion of the Security not to be redeemed) or any Securities for a period of
15 days before a selection of Securities to be redeemed or 15 days before an interest payment date.

11. Persons Deemed Owners

          The registered Holder of this Security may be treated as the owner of it for all purposes.

12. Unclaimed Money

          If money for the payment of principal or interest remains unclaimed for two years, the Trustee
or Paying Agent shall pay the money back to the Company at its request unless an abandoned property
law designates another Person. After any such payment, Holders entitled to the money must look
only to the Company and not to the Trustee for payment.

13. Discharge and Defeasance

          Subject to certain conditions, the Company at any time shall be entitled to terminate some or
all of the Company’s and the Subsidiary Guarantors’ obligations under the Securities, the
Subsidiary Guaranties and the Indenture if the Company deposits with the Trustee

7

 

money or U.S. Government Obligations for the payment of principal and interest on the
Securities to redemption or maturity, as the case may be.

14. Amendment, Waiver

          Subject to certain exceptions set forth in the Indenture, (a) the Indenture, the Security
Documents, any Subsidiary Guaranty and the Securities may be amended or supplemented with the
written consent of the Holders of at least a majority in principal amount of the Securities then
outstanding and (b) any default or noncompliance with any provision may be waived with the written
consent of the Holders of at least a majority in principal amount of the Securities then
outstanding. Subject to certain exceptions set forth in the Indenture, without the consent of any
Securityholder, the Company, the Subsidiary Guarantors and the Trustee shall be entitled to amend
or supplement the Indenture, the Security Documents, any Subsidiary Guaranty and the Securities to
cure any ambiguity, omission, defect or inconsistency (including to conform the text of such
documents to any provision of the “Description of the Notes” in the Offering Circular to the extent
such provision in the “Description of the Notes” was intended to be a verbatim recitation of a
provision of such documents), or to comply with Article 5 of the Indenture, or to provide for
uncertificated Securities in addition to or in place of certificated Securities, or to add
guarantees with respect to the Securities, including Subsidiary Guaranties, or to add additional
covenants or surrender rights and powers conferred on the Company or the Subsidiary Guarantors, or
to comply with any requirement of the SEC in connection with qualifying, or maintaining the
qualification of, the Indenture under the Act, or to make any change that does not adversely affect
the rights of any Securityholder, or to make amendments to provisions of the Indenture relating to
the transfer and legending of the Securities, or to add security to or for the benefit of the
Securities and, in the case of the Security Documents, to or for the benefit of the other secured
parties named therein, or to modify the Security Documents and/or the Intercreditor Agreement or
enter into additional intercreditor agreements, or to provide for the assumption by a successor
corporation of the obligations of the Company or any Subsidiary Guarantor under the Indenture.

8

 

15. Release of Collateral.

          Subject to certain exceptions set forth in the Indenture, Collateral may be released from the
security interest and Liens created by the Security Documents at any time or from time to time in
accordance with the provisions of the Security Documents, the Intercreditor Agreement or as
provided in the Indenture. Upon the request of the Company pursuant to an Officers’ Certificate
certifying that all conditions precedent under the Indenture have been met, and without the consent
of any Holder, the Company and the Subsidiary Guarantors will be entitled to a release of property
and other assets included in the Collateral from the Liens securing the Second Lien Obligations,
and the Second Lien Collateral Agent shall promptly execute and deliver such documents and
instruments as the Company and the Subsidiary Guarantors may reasonably request to evidence the
release of such Liens at the Company’s sole cost and expense and without the consent of any Holder
of the Securities, under any one or more of the following circumstances: (1) in whole, upon
satisfaction and discharge of the Company’s obligations under the Indenture in accordance with
Article 8 of the Indenture; (2) in whole, upon a legal defeasance or covenant defeasance as
described in accordance with Article 8 of the Indenture; or (3) in part, as to any property or
asset constituting Collateral (A) if the Liens on the Collateral securing the First Lien
Obligations are released (except if such release is in connection with the Discharge of the First
Lien Obligations), (B) to enable the Company or any Restricted Subsidiary to consummate the sale,
lease, transfer or other disposition of such property or assets to the extent not prohibited under
Section 4.06 of the Indenture, (C) that is owned by a Subsidiary Guarantor to the extent such
Subsidiary Guarantor has been released from its Subsidiary Guaranty in accordance with Article 10
of the Indenture or (D) otherwise in accordance with, and as expressly provided for under, the
Indenture; or pursuant to any amendment or supplement to the Indenture or to the Securities
effected in accordance with Article 9 of the Indenture.

16. Defaults and Remedies

          Under the Indenture, Events of Default include (a) default for 30 days in payment of interest
on the Securities; (b) default in payment of principal on the Securities at maturity, upon
redemption pursuant to paragraph 5 of the Securities, upon acceleration or otherwise, or failure by
the Company to purchase Securities when required; (c) failure by the Company or any Subsidiary
Guarantor to comply with other agreements in the Indenture or the Securities, in certain cases
subject to notice and lapse of time; (d) certain accelerations (including failure to pay within any
grace period after final maturity) of other Indebtedness of the Company if the amount accelerated
(or so unpaid) exceeds $15.0 million; (e) certain events of bankruptcy or insolvency with respect
to the Company, the Subsidiary Guarantors and the Significant Subsidiaries; (f) certain judgments
or decrees for the payment of money in excess of $15.0 million; (g) certain defaults with respect
to Subsidiary Guaranties and (h) certain defaults relating to the Collateral under the Security
Documents. If an Event of Default occurs and is continuing, the Trustee or the Holders of at least
25% in principal amount of the Securities may declare all the Securities to be due and payable
immediately. Certain events of bankruptcy or insolvency are Events of Default which will result in
the Securities being due and payable immediately upon the occurrence of such Events of Default.

9

 

          Holders may not enforce the Indenture or the Securities except as provided in the Indenture.
The Trustee may refuse to enforce the Indenture or the Securities unless it receives indemnity or
security satisfactory to it. Subject to certain limitations, Holders of a majority in principal
amount of the Securities may direct the Trustee in its exercise of any trust or power. The Trustee
may withhold from Securityholders notice of any continuing Default (except a Default in payment of
principal or interest) if it determines that withholding notice is in the interest of the Holders.

17. Trustee Dealings with the Company

          Subject to certain limitations imposed by the Act, the Trustee under the Indenture, in its
individual or any other capacity, may become the owner or pledgee of Securities and may otherwise
deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise
deal with the Company or its Affiliates with the same rights it would have if it were not Trustee.

18. No Recourse Against Others

          No director, officer, employee, incorporator or stockholder, as such, of the Company or any
Subsidiary Guarantor shall have any liability for any obligations of the Company or any Subsidiary
Guarantor under the Securities, any Subsidiary Guaranty, the Security Documents or the Indenture or
for any claim based on, in respect of, or by reason of such obligations or their creation. By
accepting a Security, each Holder waives and releases all such liability. The waiver and release
are part of the consideration for the issue of the Securities.

19. Authentication

          This Security shall not be valid until an authorized signatory of the Trustee (or an
authenticating agent) manually signs the certificate of authentication on the other side of this
Security.

20. Abbreviations

          Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM
(=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with rights of
survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors
Act).

21. CUSIP Numbers

          Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification
Procedures the Company has caused CUSIP numbers to be printed on the Securities and has directed
the Trustee to use CUSIP numbers in notices of redemption as a convenience to Holders. No
representation is made as to the accuracy of such numbers either as printed on the Securities or as
contained in any notice of redemption and reliance may be placed only on the other identification
numbers placed thereon.

10

 

22. Holders’ Compliance with Registration Rights Agreement, Security Documents and
Intercreditor Agreement.

          Each Holder, by acceptance hereof, acknowledges and agrees to the provisions of the
Registration Rights Agreement, including the obligations of the Holders with respect to a
registration and the indemnification of the Company to the extent provided therein.

          Each Holder, by acceptance hereof, shall be deemed to: (i) consent and agree to the terms,
conditions and provisions of the Security Documents and the Intercreditor Agreement and directs the
Trustee and Second Lien Collateral Agent to sign these documents, (ii) agree that it will be bound
by and will take no actions contrary to the provisions of the Intercreditor Agreement and (iii)
agree that none of the Company, the Subsidiary Guarantors, the Trustee or the Second Lien
Collateral Agent shall be required under the Indenture or under any Security Document to take any
action inconsistent with or contrary to any provision of the Intercreditor Agreement.

23. Successor Entity.

          When a successor entity assumes, in accordance with the Indenture, all the obligations of its
predecessor under the Securities and the Indenture, and immediately before and thereafter no
Default or Event of Default exists and all other conditions of the Indenture are satisfied, the
predecessor entity will be released from those obligations.

24. Governing Law.

          THIS SECURITY AND ANY SUBSIDIARY GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS.

          The Company will furnish to any Securityholder upon written request and without charge to the
Securityholder a copy of the Indenture which has in it the text of this Security in larger type.
Requests may be made to:

          Commercial Vehicle Group, Inc.

          7800 Walton Parkway

          New Albany, OH 43054

          Attention: Chad M. Utrup, Chief Financial Officer

11

 

ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to

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

     (Insert assignee’s soc. sec. or tax I.D. No.)

and irrevocably appoint            agent to transfer this Security on the books of
the Company. The agent may substitute another to act for him.

 

Date:                                                            Your
Signature:                                                                                 

 

Sign exactly as your name appears on the other side of this Security.

In connection with any transfer of any of the Securities evidenced by this certificate occurring
prior to the expiration of the period referred to in Rule 144 under the Securities Act after the
later of the date of original issuance of such Securities and the last date, if any, on which such
Securities were owned by the Company or any Affiliate of the Company, the undersigned confirms that
such Securities are being transferred in accordance with its terms:

CHECK ONE BOX BELOW

	 	 	 	 	 	 	 	 	 

	 

	 	 	(1	)	 	o
	 	to the Company; or
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(2	)	 	o
	 	pursuant to an effective registration statement under the Securities
Act of 1933, as amended; or
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(3	)	 	o
	 	inside the United States to a “qualified institutional buyer” (as
defined in Rule 144A under the Securities Act of 1933, as amended) that purchases for
its own account or for the account of a qualified institutional buyer to whom notice is
given that such transfer is being made in reliance on Rule 144A, in each case pursuant
to and in compliance with Rule 144A under the Securities Act of 1933, as amended; or
	 
	 	 	 	 	 	 	 	 
	 

	 	 	(4	)	 	o
	 	outside the United States in an offshore transaction within the meaning
of Regulation S under the Securities Act in compliance with Rule 904 under the
Securities Act of 1933, as amended; or

12

 

	 	 	 	 	 	 	 	 

	 

	(5)	o
	pursuant to the exemption from registration provided by Rule 144 under
the Securities Act of 1933, as amended.

Unless one of the boxes is checked, the Trustee will refuse to register any of the
Securities evidenced by this certificate in the name of any person other than the registered
holder thereof; provided, however, that if box (5) is checked, the Trustee
shall be entitled to require, prior to registering any such transfer of the Securities, such
legal opinions, certifications and other information as the Company has reasonably requested
to confirm that such transfer is being made pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities Act of 1933, as
amended, such as the exemption provided by Rule 144 under such Act.

	 	 	 	 	 
	 	 	 
	 	  	
 	 
	 	 	Signature 	 
	 	 	 	 
	 

Signature Guarantee:

 

	 	 	 
	 

	 	 
	Signature must be guaranteed

	 	Signature

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

 

13

 

TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED.

     The undersigned represents and warrants that it is purchasing this Security for its own
account or an account with respect to which it exercises sole investment discretion and that it and
any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the
Securities Act of 1933, as amended, and is aware that the sale to it is being made in reliance on
Rule 144A and acknowledges that it has received such information regarding the Company as the
undersigned has requested pursuant to Rule 144A or has determined not to request such information
and that it is aware that the transferor is relying upon the undersigned’s foregoing
representations in order to claim the exemption from registration provided by Rule 144A.

	 	 	 	 	 	 	 	 	 	 	 

	Dated:
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	Notice:
	 	To be executed by an executive officer	 	 	 	 

14

 

[TO BE ATTACHED TO GLOBAL SECURITIES]

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY

The following increases or decreases in this Global Security have been made:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 
		 	 	Amount of decrease	 	 	Amount of increase	 	 	Principal amount of	 	 	Signature of
		 	 	in Principal	 	 	in Principal amount	 	 	this Global	 	 	authorized officer
	Date of	 	 	amount of this	 	 	of this Global	 	 	Security following	 	 	of Trustee or
	Exchange	 	 	Global Security	 	 	Security	 	 	such decrease or increase)	 	 	Securities Custodian
	 	 	 	 	 	 	 	 	 	 		 	 	

15

 

OPTION OF HOLDER TO ELECT PURCHASE

          If you want to elect to have this Security purchased by the Company pursuant to Section 4.06
or 4.09 of the Indenture, check the box: o

          o If you want to elect to have only part of this Security purchased by the Company
pursuant to Section 4.06 or 4.09 of the Indenture, state the amount in principal amount:

$___________.

	 	 	 	 	 	 	 

	Dated:

	 	 
	 	Your Signature:
	 	 
	 

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

	 	 	 

	Signature Guarantee:

	 
	 

	(Signature must be guaranteed)

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

16

 

EXHIBIT A

[FORM OF FACE OF EXCHANGE SECURITY

OR PRIVATE EXCHANGE SECURITY]*/**/

 

			
	*/ 	 	 If the Security is to be issued in global form add the Global Securities Legend from
Exhibit 1 to Appendix A and the attachment from such Exhibit 1 captioned “[TO BE ATTACHED TO GLOBAL
SECURITIES] — SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY.”
	 
	**/ 	 	.If the Security is a Private Exchange Security issued in a Private Exchange to an
Initial Purchaser holding an unsold portion of its initial allotment, add the Restricted Securities
Legend from Exhibit 1 to Appendix A and replace the Assignment Form included in this Exhibit A with
the Assignment Form included in such Exhibit 1.

 

 

			
	No._____
	 	$ _____

CUSIP No._____

ISIN No._____

7.875% Senior Secured Notes Due 2019

     Commercial Vehicle Group, Inc., a Delaware corporation, or its permitted successor, promises
to pay to [          ], or registered assigns, the principal sum of [          ] Dollars on April
15, 2019.

     Interest Payment Dates: April 15 and October 15.

     Record Dates: April 1 and October 1.

     Additional provisions of this Security are set forth on the other side of this Security.

Dated:

	 	 	 	 	 
	 	COMMERCIAL VEHICLE GROUP, INC.

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

	 	 	 	 	 
	 	

TRUSTEE’S CERTIFICATE OF

     AUTHENTICATION

U.S. BANK NATIONAL ASSOCIATION

as Trustee, certifies

     that this is one of

     the Securities referred

     to in the Indenture.

 	 

	 	 	 	 	 
	 	By  	
 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

2

 

	 	 	 	 	 

[FORM OF REVERSE SIDE OF EXCHANGE SECURITY

OR PRIVATE EXCHANGE SECURITY]

7.875% Senior Secured Note Due 2019

1. Interest

          Commercial Vehicle Group, Inc., a Delaware corporation (such corporation, and its successors
and assigns under the Indenture hereinafter referred to, being herein called the “Company”),
promises to pay interest on the principal amount of this Security at the rate per annum shown
above. The Company will pay interest semiannually in arrears on April 15 and October 15 of each
year, commencing October 15, 2011. Interest on the Securities will accrue from the most recent
date to which interest has been paid or, if no interest has been paid, from and including April 26,
2011. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The
Company will pay interest on overdue principal at the rate borne by this Security, and it will pay
interest on overdue installments of interest at the same rate to the extent lawful.

2. Method of Payment

          The Company will pay interest on the Securities (except defaulted interest) to the Persons who
are registered holders of Securities at the close of business on the April 1 or October 1 next
preceding the interest payment date even if Securities are canceled after the record date and on or
before the interest payment date. Holders must surrender Securities to a Paying Agent to collect
principal payments. The Company will pay principal and interest in money of the United States that
at the time of payment is legal tender for payment of public and private debts. Payments in
respect of the Securities represented by a Global Security (including principal, premium and
interest) will be made by wire transfer of immediately available funds to the accounts specified by
the Depository. The Company will make all payments in respect of a certificated Security
(including principal, premium and interest) by mailing a check to the registered address of each
Holder thereof; provided, however, that payments on a certificated Security will be
made by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United
States if such Holder elects payment by wire transfer by giving written notice to the Trustee or
the Paying Agent to such effect designating such account no later than 30 days immediately
preceding the relevant due date for payment (or such other date as the Trustee may accept in its
discretion).

3. Paying Agent and Registrar

          Initially, U.S. Bank National Association, a national banking organization (the “Trustee”),
will act as Paying Agent and Registrar. The Company may appoint and change any Paying Agent,
Registrar or co-registrar without notice. The Company or any of its domestically incorporated or
organized Wholly Owned Subsidiaries may act as Paying Agent, Registrar or co-registrar.

3

 

4. Indenture

          The Company issued the Securities under an Indenture dated as of April 26, 2011 (the
“Indenture”), among the Company, the Subsidiary Guarantors and the Trustee. The terms of the
Securities include those stated in the Indenture and those made part of the Indenture by reference
to the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) (the “Act”). Terms defined in the
Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The
Securities are subject to all such terms, and Securityholders are referred to the Indenture and the
Act for a statement of those terms.

          The Securities are senior secured obligations of the Company. The Company shall be entitled,
subject to its compliance with Sections 4.03 and 4.10 of the Indenture, to issue Additional
Securities pursuant to Section 2.13 of the Indenture. The Initial Securities issued on the Issue
Date, any Additional Securities and all Exchange Securities or Private Exchange Securities issued
in exchange therefor will be treated as a single class for all purposes under the Indenture. The
Indenture contains covenants that limit the ability of the Company and its subsidiaries to incur
additional indebtedness; pay dividends or distributions on, or redeem or repurchase, capital stock;
make investments; engage in transactions with affiliates; create liens on assets; transfer or sell
assets; guarantee indebtedness; restrict dividends or other payments of subsidiaries; consolidate,
merge or transfer all or substantially all of the Company’s assets and the assets of its
subsidiaries; and engage in sale/leaseback transactions. These covenants are subject to important
exceptions and qualifications.

5. Optional Redemption

          Except as set forth below, the Company shall not be entitled to redeem the Securities.

          On and after April 15, 2014, the Company shall be entitled at its option to redeem all or a
portion of the Securities at the redemption prices (expressed as percentages of principal amount on
the redemption date), plus accrued and unpaid interest, if any, to the redemption date (subject to
the right of Holders of record on the relevant record date to receive interest due on the relevant
interest payment date), if redeemed during the 12-month period commencing on April 15 of the years
set forth below:

	 	 	 	 	 
	 	 	Redemption	 
	Year	 	Price	 
	2014
	 	 	105.906	%
	2015
	 	 	103.938	%
	2016
	 	 	101.969	%
	2017 and thereafter
	 	 	100.000	%

          In addition, any time prior to April 15, 2014, the Company shall be entitled at its option to
redeem all or a portion of the Securities at a redemption price equal to 100% of the principal
amount of the Securities to be redeemed, plus the Applicable Premium as of, and

4

 

accrued and unpaid interest, if any, to, the redemption date (subject to the right of Holders
of record on the relevant record date to receive interest due on the relevant interest payment
date).

          Additionally, not more than once during each twelve-month period ending on April 15, 2012,
April 15, 2013 and April 15, 2014, the Company shall be entitled at its option to redeem up to 10%
of the original aggregate principal amount of the Securities in each such twelve-month period, at a
redemption price equal to 103.000% of the principal amount, plus accrued and unpaid interest, if
any, to the redemption date (subject to the right of Holders of record on the relevant record date
to receive interest due on the relevant interest payment date)

          Prior to April 15, 2014, the Company shall be entitled at its option on one or more occasions
to redeem Securities (which includes Additional Securities, if any) in an aggregate principal
amount not to exceed 35% of the aggregate principal amount of the Securities (which includes
Additional Securities, if any) originally issued at a redemption price (expressed as a percentage
of principal amount on the redemption date) of 107.875%, plus accrued and unpaid interest, if any,
to the redemption date (subject to the right of Holders of record on the relevant record date to
receive interest due on the relevant interest payment date), with the net cash proceeds from one or
more Equity Offerings; provided, however, that (1) at least 65% of such aggregate
principal amount of Securities (which includes Additional Securities, if any) remains outstanding
immediately after the occurrence of each such redemption (other than Securities held, directly or
indirectly, by the Company or its Affiliates); and (2) each such redemption occurs within 120 days
after the date of the related Equity Offering.

6. Notice of Redemption

          Notice of redemption will be mailed by first-class mail at least 30 days but not more than 60
days before the redemption date to each Holder of Securities to be redeemed at his registered
address. Notice of any redemption upon any Equity Offering may be given prior to the redemption
thereof, and any such redemption or notice may, at the Company’s discretion, be subject to one or
more conditions precedent, including, but not limited to, completion of the related Equity
Offering.

          Securities in denominations of $2,000 or less may only be redeemed in whole. Securities in
denominations larger than $2,000 principal amount may be redeemed in part but only in integral
multiples of $1,000. If money sufficient to pay the redemption price of and accrued interest on
all Securities (or portions thereof) to be redeemed on the redemption date is deposited with the
Paying Agent on or before the redemption date and certain other conditions are satisfied, on and
after such date interest ceases to accrue on such Securities (or such portions thereof) called for
redemption.

7. Put Provisions

          Upon a Change of Control, any Holder of Securities will have the right to cause the Company to
repurchase all or any part of the Securities of such Holder at a repurchase price equal to 101% of
the principal amount of the Securities to be repurchased plus accrued and unpaid interest, if any,
to the date of repurchase (subject to the right of Holders of record on the

5

 

relevant record date to receive interest due on the relevant interest payment date) as
provided in, and subject to the terms of, the Indenture.

8. Guaranty

          The payment by the Company of the principal of, and premium and interest on, the Securities is
fully and unconditionally guaranteed on a joint and several senior secured basis by each of the
Subsidiary Guarantors to the extent set forth in the Indenture.

9. Security

          The Securities and the Subsidiary Guaranties and all obligations with respect thereto under
the Indenture will be secured by second-priority security interests (subject to Permitted Liens) in
the Collateral, which security interests will be subject to the Intercreditor Agreement (as defined
in the Indenture). Subject to exceptions described in the Indenture and the Security Documents,
the Collateral consists of substantially all of the property and assets of the Company and the
Subsidiary Guarantors.

10. Denominations; Transfer; Exchange

          The Securities are in registered form without coupons in minimum denominations of $2,000
principal amount and integral multiples of $1,000 in excess thereof. A Holder may transfer or
exchange Securities in accordance with the Indenture. The Registrar may require a Holder, among
other things, to furnish appropriate endorsements or transfer documents and to pay any taxes and
fees required by law or permitted by the Indenture. The Registrar need not register the transfer
of or exchange any Securities selected for redemption (except, in the case of a Security to be
redeemed in part, the portion of the Security not to be redeemed) or any Securities for a period of
15 days before a selection of Securities to be redeemed or 15 days before an interest payment date.

11. Persons Deemed Owners

          The registered Holder of this Security may be treated as the owner of it for all purposes.

12. Unclaimed Money

          If money for the payment of principal or interest remains unclaimed for two years, the Trustee
or Paying Agent shall pay the money back to the Company at its request unless an abandoned property
law designates another Person. After any such payment, Holders entitled to the money must look
only to the Company and not to the Trustee for payment.

13. Discharge and Defeasance

          Subject to certain conditions, the Company at any time shall be entitled to terminate some or
all of the Company’s and the Subsidiary Guarantors’ obligations under the Securities, the
Subsidiary Guaranties and the Indenture if the Company deposits with the Trustee

6

 

money or U.S. Government Obligations for the payment of principal and interest on the
Securities to redemption or maturity, as the case may be.

14. Amendment, Waiver

          Subject to certain exceptions set forth in the Indenture, (a) the Indenture, the Security
Documents, any Subsidiary Guaranty and the Securities may be amended or supplemented with the
written consent of the Holders of at least a majority in principal amount of the Securities then
outstanding and (b) any default or noncompliance with any provision may be waived with the written
consent of the Holders of at least a majority in principal amount of the Securities then
outstanding. Subject to certain exceptions set forth in the Indenture, without the consent of any
Securityholder, the Company, the Subsidiary Guarantors and the Trustee shall be entitled to amend
or supplement the Indenture, the Security Documents, any Subsidiary Guaranty and the Securities to
cure any ambiguity, omission, defect or inconsistency (including to conform the text of such
documents to any provision of the “Description of the Notes” in the Offering Circular to the extent
such provision in the “Description of the Notes” was intended to be a verbatim recitation of a
provision of such documents), or to comply with Article 5 of the Indenture, or to provide for
uncertificated Securities in addition to or in place of certificated Securities, or to add
guarantees with respect to the Securities, including Subsidiary Guaranties, or to add additional
covenants or surrender rights and powers conferred on the Company or the Subsidiary Guarantors, or
to comply with any requirement of the SEC in connection with qualifying, or maintaining the
qualification of, the Indenture under the Act, or to make any change that does not adversely affect
the rights of any Securityholder, or to make amendments to provisions of the Indenture relating to
the transfer and legending of the Securities, or to add security to or for the benefit of the
Securities and, in the case of the Security Documents, to or for the benefit of the other secured
parties named therein, or to modify the Security Documents and/or the Intercreditor Agreement or
enter into additional intercreditor agreements, or to provide for the assumption by a successor
corporation of the obligations of the Company or any Subsidiary Guarantor under the Indenture.

7

 

15. Release of Collateral.

          Subject to certain exceptions set forth in the Indenture, Collateral may be released from the
security interest and Liens created by the Security Documents at any time or from time to time in
accordance with the provisions of the Security Documents, the Intercreditor Agreement or as
provided in the Indenture. Upon the request of the Company pursuant to an Officers’ Certificate
certifying that all conditions precedent under the Indenture have been met, and without the consent
of any Holder, the Company and the Subsidiary Guarantors will be entitled to a release of property
and other assets included in the Collateral from the Liens securing the Second Lien Obligations,
and the Second Lien Collateral Agent shall promptly execute and deliver such documents and
instruments as the Company and the Subsidiary Guarantors may reasonably request to evidence the
release of such Liens at the Company’s sole cost and expense and without the consent of any Holder
of the Securities, under any one or more of the following circumstances: (1) in whole, upon
satisfaction and discharge of the Company’s obligations under the Indenture in accordance with
Article 8 of the Indenture; (2) in whole, upon a legal defeasance or covenant defeasance as
described in accordance with Article 8 of the Indenture; or (3) in part, as to any property or
asset constituting Collateral (A) if the Liens on the Collateral securing the First Lien
Obligations are released (except if such release is in connection with the Discharge of the First
Lien Obligations), (B) to enable the Company or any Restricted Subsidiary to consummate the sale,
lease, transfer or other disposition of such property or assets to the extent not prohibited under
Section 4.06 of the Indenture, (C) that is owned by a Subsidiary Guarantor to the extent such
Subsidiary Guarantor has been released from its Subsidiary Guaranty in accordance with Article 10
of the Indenture or (D) otherwise in accordance with, and as expressly provided for under, the
Indenture; or pursuant to any amendment or supplement to the Indenture or to the Securities
effected in accordance with Article 9 of the Indenture.

16. Defaults and Remedies

          Under the Indenture, Events of Default include (a) default for 30 days in payment of interest
on the Securities; (b) default in payment of principal on the Securities at maturity, upon
redemption pursuant to paragraph 5 of the Securities, upon acceleration or otherwise, or failure by
the Company to purchase Securities when required; (c) failure by the Company or any Subsidiary
Guarantor to comply with other agreements in the Indenture or the Securities, in certain cases
subject to notice and lapse of time; (d) certain accelerations (including failure to pay within any
grace period after final maturity) of other Indebtedness of the Company if the amount accelerated
(or so unpaid) exceeds $15.0 million; (e) certain events of bankruptcy or insolvency with respect
to the Company, the Subsidiary Guarantors and the Significant Subsidiaries; (f) certain judgments
or decrees for the payment of money in excess of $15.0 million; (g) certain defaults with respect
to Subsidiary Guaranties and (h) certain defaults relating to the Collateral under the Security
Documents. If an Event of Default occurs and is continuing, the Trustee or the Holders of at least
25% in principal amount of the Securities may declare all the Securities to be due and payable
immediately. Certain events of bankruptcy or insolvency are Events of Default which will result in
the Securities being due and payable immediately upon the occurrence of such Events of Default.

8

 

          Holders may not enforce the Indenture or the Securities except as provided in the Indenture.
The Trustee may refuse to enforce the Indenture or the Securities unless it receives indemnity or
security satisfactory to it. Subject to certain limitations, Holders of a majority in principal
amount of the Securities may direct the Trustee in its exercise of any trust or power. The Trustee
may withhold from Securityholders notice of any continuing Default (except a Default in payment of
principal or interest) if it determines that withholding notice is in the interest of the Holders.

17. Trustee Dealings with the Company

          Subject to certain limitations imposed by the Act, the Trustee under the Indenture, in its
individual or any other capacity, may become the owner or pledgee of Securities and may otherwise
deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise
deal with the Company or its Affiliates with the same rights it would have if it were not Trustee.

18. No Recourse Against Others

          No director, officer, employee, incorporator or stockholder, as such, of the Company or any
Subsidiary Guarantor shall have any liability for any obligations of the Company or any Subsidiary
Guarantor under the Securities, any Subsidiary Guaranty, the Security Documents or the Indenture or
for any claim based on, in respect of, or by reason of such obligations or their creation. By
accepting a Security, each Holder waives and releases all such liability. The waiver and release
are part of the consideration for the issue of the Securities.

19. Authentication

          This Security shall not be valid until an authorized signatory of the Trustee (or an
authenticating agent) manually signs the certificate of authentication on the other side of this
Security.

20. Abbreviations

          Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM
(=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with rights of
survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors
Act).

21. CUSIP Numbers

          Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification
Procedures the Company has caused CUSIP numbers to be printed on the Securities and has directed
the Trustee to use CUSIP numbers in notices of redemption as a convenience to Holders. No
representation is made as to the accuracy of such numbers either as printed on the Securities or as
contained in any notice of redemption and reliance may be placed only on the other identification
numbers placed thereon.

9

 

22. Holders’ Compliance with the [Registration Rights Agreement], Security Documents and
Intercreditor Agreement.

          [Each Holder, by acceptance hereof, acknowledges and agrees to the provisions of the
Registration Rights Agreement, including the obligations of the Holders with respect to a
registration and the indemnification of the Company to the extent provided therein.]1

          Each Holder, by acceptance hereof, shall be deemed to: (i) consent and agree to the terms,
conditions and provisions of the Security Documents and the Intercreditor Agreement and directs the
Trustee and Second Lien Collateral Agent to sign these documents, (ii) agree that it will be bound
by and will take no actions contrary to the provisions of the Intercreditor Agreement and (iii)
agree that none of the Company, the Subsidiary Guarantors, the Trustee or the Second Lien
Collateral Agent shall be required under the Indenture or under any Security Document to take any
action inconsistent with or contrary to any provision of the Intercreditor Agreement.

23. Successor Entity.

          When a successor entity assumes, in accordance with the Indenture, all the obligations of its
predecessor under the Securities and the Indenture, and immediately before and thereafter no
Default or Event of Default exists and all other conditions of the Indenture are satisfied, the
predecessor entity will be released from those obligations.

24. Governing Law.

          THIS SECURITY AND ANY SUBSIDIARY GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS.

          The Company will furnish to any Securityholder upon written request and without charge to the
Securityholder a copy of the Indenture which has in it the text of this Security in larger type.
Requests may be made to:

          Commercial Vehicle Group, Inc.

          7800 Walton Parkway

          New Albany, OH 43054

          Attention: Chad M. Utrup, Chief Financial Officer

 

			
	1	 	Delete if this Security is not a Private
Exchange Security.

10

 

ASSIGNMENT FORM

To assign this Security, fill in the form below:

I or we assign and transfer this Security to

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

     (Insert assignee’s soc. sec. or tax I.D. No.)

and irrevocably appoint           agent to transfer this Security on the books of the
Company. The agent may substitute another to act for him.

 

Date:                                                            Your
Signature:                        
                                                         

 

Sign exactly as your name appears on the other side of this Security.

11

 

OPTION OF HOLDER TO ELECT PURCHASE

          If you want to elect to have this Security purchased by the Company pursuant to Section 4.06
or 4.09 of the Indenture, check the box: o

          o If you want to elect to have only part of this Security purchased by the Company
pursuant to Section 4.06 or 4.09 of the Indenture, state the amount in principal amount:
$__________.

	 	 	 	 	 	 	 

	Dated:

	 	 
	 	Your Signature:
	 	 
	 

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

	 	 	 

	Signature Guarantee:

	 
	 

	(Signature must be guaranteed)

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

 

EXHIBIT B

FORM OF SUPPLEMENTAL INDENTURE

          SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of ________________, between
________________ (the “New Guarantor”), a direct or indirect Subsidiary of Commercial Vehicle
Group, Inc. (or its successor), a Delaware corporation (the “Company”), and U.S. Bank National
Association, as trustee (the “Trustee”).

WITNESSETH:

          WHEREAS, the Company and the Subsidiaries listed on the signature pages thereof have each
heretofore executed and delivered to the Trustee an Indenture (as amended, supplemented or modified
prior to the date hereof, the “Indenture”), dated as of April 26, 2011, providing for the issuance
by the Company of its 7.875% Senior Secured Notes Due 2019 (the “Securities”); and

          WHEREAS, Section 4.12 of the Indenture provides that under certain circumstances the Company
is required to cause the New Guarantor to execute and deliver to the Trustee for the benefit of the
Holders a supplemental agreement pursuant to which the New Guarantor shall unconditionally
guarantee all of the Company’s obligations under the Securities pursuant to a Subsidiary Guaranty
on the terms and conditions set forth herein;

          NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the New Guarantor covenants and agrees
for the equal and ratable benefit of the Holders of the Securities as follows:

          (1) CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the
meanings assigned to them in the Indenture.

          (2) AGREEMENT TO GUARANTEE; REGISTRATION RIGHTS AGREEMENT. The New Guarantor hereby agrees,
jointly and severally with all other Subsidiary Guarantors, to unconditionally guarantee the
Company’s obligations under the Securities on the terms and subject to the conditions set forth in
Article 10 of the Indenture and to be bound by all other applicable provisions of the Indenture.
The New Guarantor further agrees to become a party to the Registration Rights Agreement and to be
bound by all provisions thereof.

          (3) RATIFICATION OF SUPPLEMENTAL INDENTURE; SUPPLEMENTAL INDENTURE PART OF INDENTURE. Except
as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the
terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every holder of the Securities
heretofore or hereafter authenticated and delivered shall be bound hereby.

          (4) NO RECOURSE AGAINST OTHERS. No director, officer, employee, incorporator or stockholder,
as such, of the Company or any Subsidiary

 

 

Guarantor shall have any liability for any obligations of the Company or any Subsidiary
Guarantor under the Securities, any Subsidiary Guaranty, the Security Documents or the Indenture or
for any claim based on, in respect of, or by reason of such obligations or their creation. By
accepting a Security, each Securityholder shall waive and release all such liability. The waiver
and release shall be part of the consideration for the issue of the Securities.

          (5) EFFECTIVENESS. This Supplemental Indenture shall be effective upon execution by the
parties hereto.

          (6) RECITALS. The recitals contained herein shall be taken as the statements of the Company
and the Subsidiary Guarantors.

          (7) NEW YORK LAW TO GOVERN. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE
PRINCIPLES OF CONFLICTS OF LAW.

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

          (9) EFFECT ON HEADINGS. The Section headings herein are for convenience only and shall not
affect the construction hereof.

	 	 	 	 	 
	 	[NEW GUARANTOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

2

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