Document:

ex10_2.htm

Exhibit 10.2

KITE REALTY GROUP TRUST

Schedule of Non-Employee Trustee Fees and Other Compensation

 

	
Annual Retainer

	  	
$35,000 (1)

	  	  	  
	
Board Meeting Fees (telephonic and in-person)

	  	
$1,000

	  	  	  
	
Committee Meeting Fees (telephonic and in-person)

	  	
$1,000

	  	  	  
	
Committee Chair Annual Retainer

	  	
Audit Committee: $10,000

Compensation Committee: $7,500

Nominating and Corporate Governance Committee: $5,000

	  	  	  
	
Lead Trustee Retainer

	  	
$10,000

	  	  	  
	
Annual Restricted Share Awards

	  	
Upon initial election, each trustee receives 3,000 restricted shares that vest 1 year from date of grant.

 

On an annual basis each year after their initial election, each trustee will receive restricted shares with a value of $15,000 that vest 1 year from the date of grant.

	
  (1) 

	
The Board of Trustees receives approximately one-half of their $35,000 annual retainer in common shares of beneficial interest, par value $0.01 per share, of the Company. Trustees receive approximately 50% of the quarterly payment in common shares pursuant to unrestricted share grants under the Company’s 2004 Equity Incentive Plan and the remainder in cash. The number of common shares to be issued each quarter will be based on the closing price of the common shares on the second business day after public release of the Company’s financial data for the preceding calendar quarter (rounded down to the nearest whole common share).

 

 

Effective: February 2011EX-4.1

Exhibit 4.1

EXECUTION COPY

DELUXE CORPORATION,

THE GUARANTORS PARTY HERETO

and

U.S. BANK NATIONAL ASSOCIATION

As Trustee

7.00% Senior Notes Due 2019

INDENTURE

Dated as of March 15, 2011

1

Table of Contents

Page

ARTICLE I

DEFINITIONS AND INCORPORATION BY REFERENCE

	 	 	 	 	 	 	 	 	 
	SECTION 1.1.
	 	Definitions	 	 	1	 
	SECTION 1.2.
	 	Other Definitions	 	 	29	 
	SECTION 1.3.
	 	Incorporation by Reference of Trust Indenture Act	 	 	31	 
	SECTION 1.4.
	 	Rules of Construction	 	 	31	 

ARTICLE II

THE SECURITIES

	 	 	 	 	 	 	 	 	 
	SECTION 2.1.	 	Form, Dating and Terms
	 	 	32	 
	SECTION 2.2.	 	Execution and Authentication
	 	 	40	 
	SECTION 2.3.	 	Registrar and Paying Agent
	 	 	41	 
	SECTION 2.4.	 	Paying Agent to Hold Money in Trust
	 	 	42	 
	SECTION 2.5.	 	Holder Lists
	 	 	42	 
	SECTION 2.6.	 	Transfer and Exchange
	 	 	42	 
	SECTION 2.7.	 	Form of Certificate to be Delivered in Connection with
	 	 	46	 
	 	 	 	 	Transfers to IAIs
	 	 	 	 
	SECTION 2.8.	 	Form of Certificate to be Delivered in Connection with
	 	 	48	 
	 	 	 	 	Transfers Pursuant to Regulation S
	 	 	 	 
	SECTION 2.9.	 	Mutilated, Destroyed, Lost or Stolen Securities
	 	 	49	 
	SECTION 2.10.	 	Outstanding Securities
	 	 	50	 
	SECTION 2.11.	 	Temporary Securities
	 	 	50	 
	SECTION 2.12.	 	Cancellation
	 	 	51	 
	SECTION 2.13.	 	Payment of Interest; Defaulted Interest
	 	 	51	 
	SECTION 2.14.	 	Computation of Interest
	 	 	52	 
	SECTION 2.15.	 	CUSIP, Common Code and ISIN Number
	 	 	52	 

ARTICLE III

COVENANTS

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SECTION 3.1.
	 	Payment of Securities	 	 	53	 	 	 	 	 
	SECTION 3.2.
	 	Limitation on Indebtedness	 	 	53	 	 	 	 	 
	SECTION 3.3.
	 	Limitation on Restricted Payments	 	 	57	 	 	 	 	 
	SECTION 3.4.	 	Limitation on Restrictions on Distributions from Restricted Subsidiaries	 	 	62	 
	SECTION 3.5.
	 	Limitation on Sales of Assets and Subsidiary Stock	 	 	64	 	 	 	 	 
	SECTION 3.6.
	 	Limitation on Liens	 	 	67	 	 	 	 	 
	SECTION 3.7.
	 	Limitation on Subsidiary Guarantees	 	 	68	 	 	 	 	 
	SECTION 3.8.
	 	Limitation on Affiliate Transactions	 	 	69	 	 	 	 	 
	SECTION 3.9.
	 	Change of Control	 	 	70	 	 	 	 	 
	SECTION 3.10.
	 	SEC Reports	 	 	72	 	 	 	 	 
	SECTION 3.11.
	 	Effectiveness of Covenants	 	 	72	 	 	 	 	 
	SECTION 3.12.
	 	Maintenance of Office or Agency	 	 	73	 	 	 	 	 
	SECTION 3.13.
	 	Corporate Existence	 	 	74	 	 	 	 	 
	SECTION 3.14.
	 	Payment of Taxes and Other Claims	 	 	74	 	 	 	 	 
	SECTION 3.15.
	 	Payments for Consent	 	 	74	 	 	 	 	 
	SECTION 3.16.
	 	Compliance Certificate	 	 	74	 	 	 	 	 
	SECTION 3.17.
	 	Further Instruments and Acts	 	 	75	 	 	 	 	 
	SECTION 3.18.
	 	Statement by Officers as to Default	 	 	75	 	 	 	 	 

ARTICLE IV

INVESTMENT GRADE COVENANTS

	 	 	 	 	 	 	 	 	 
	SECTION 4.1.
	 	Definitions	 	 	75	 
	SECTION 4.2.
	 	Restrictions on Secured Debt	 	 	76	 
	SECTION 4.3.
	 	Restriction on Sale/Leaseback Transactions	 	 	77	 
	SECTION 4.4.
	 	Additional Investment Grade Covenants	 	 	77	 

ARTICLE V

SUCCESSOR COMPANY

	 	 	 	 	 	 	 	 	 
	SECTION 5.1.
	 	Merger and Consolidation	 	 	77	 

ARTICLE VI

REDEMPTION OF SECURITIES

	 	 	 	 	 	 	 	 	 
	SECTION 6.1.
	 	Redemption	 	 	79	 
	SECTION 6.2.
	 	Applicability of Article	 	 	80	 
	SECTION 6.3.
	 	Election to Redeem; Notice to Trustee	 	 	80	 
	SECTION 6.4.
	 	Selection by Trustee of Securities to Be Redeemed	 	 	80	 
	SECTION 6.5.
	 	Notice of Redemption	 	 	80	 
	SECTION 6.6.
	 	Deposit of Redemption Price	 	 	81	 
	SECTION 6.7.
	 	Securities Payable on Redemption Date	 	 	82	 
	SECTION 6.8.
	 	Securities Redeemed in Part	 	 	82	 

ARTICLE VII

DEFAULTS AND REMEDIES

	 	 	 	 	 	 	 	 	 
	SECTION 7.1.
	 	Events of Default	 	 	82	 
	SECTION 7.2.
	 	Acceleration	 	 	84	 
	SECTION 7.3.
	 	Other Remedies	 	 	84	 
	SECTION 7.4.
	 	Waiver of Past Defaults	 	 	84	 
	SECTION 7.5.
	 	Control by Majority	 	 	85	 
	SECTION 7.6.
	 	Limitation on Suits	 	 	85	 
	SECTION 7.7.
	 	Rights of Holders to Receive Payment	 	 	86	 
	SECTION 7.8.
	 	Collection Suit by Trustee	 	 	86	 
	SECTION 7.9.
	 	Trustee May File Proofs of Claim	 	 	86	 
	SECTION 7.10.
	 	Priorities	 	 	86	 
	SECTION 7.11.
	 	Undertaking for Costs	 	 	86	 

ARTICLE VIII

TRUSTEE

	 	 	 	 	 	 	 	 	 
	SECTION 8.1.
	 	Duties of Trustee	 	 	87	 
	SECTION 8.2.
	 	Rights of Trustee	 	 	88	 
	SECTION 8.3.
	 	Individual Rights of Trustee	 	 	89	 
	SECTION 8.4.
	 	Trustee’s Disclaimer	 	 	90	 
	SECTION 8.5.
	 	Notice of Defaults	 	 	90	 
	SECTION 8.6.
	 	Reports by Trustee to Holders	 	 	90	 
	SECTION 8.7.
	 	Compensation and Indemnity	 	 	90	 
	SECTION 8.8.
	 	Replacement of Trustee	 	 	91	 
	SECTION 8.9.
	 	Successor Trustee by Merger	 	 	92	 
	SECTION 8.10.
	 	Eligibility; Disqualification	 	 	92	 
	SECTION 8.11.
	 	Preferential Collection of Claims Against the Company	 	 	93	 
	SECTION 8.12.
	 	Trustee’s Application for Instruction from the Company	 	 	93	 
	SECTION 8.13.
	 	Paying Agents	 	 	93	 

ARTICLE IX

DISCHARGE OF INDENTURE; DEFEASANCE

	 	 	 	 	 	 	 	 	 
	SECTION 9.1.
	 	Discharge of Liability on Securities; Defeasance	 	 	94	 
	SECTION 9.2.
	 	Conditions to Defeasance	 	 	96	 
	SECTION 9.3.
	 	Application of Trust Money	 	 	97	 
	SECTION 9.4.
	 	Repayment to the Company	 	 	97	 
	SECTION 9.5.
	 	Indemnity for U.S. Government Obligations	 	 	98	 
	SECTION 9.6.
	 	Reinstatement	 	 	98	 

ARTICLE X

AMENDMENTS

	 	 	 	 	 	 	 	 	 
	SECTION 10.1.
	 	Without Consent of Holders	 	 	98	 
	SECTION 10.2.
	 	With Consent of Holders	 	 	99	 
	SECTION 10.3.
	 	Compliance with Trust Indenture Act	 	 	100	 
	SECTION 10.4.
	 	Revocation and Effect of Consents and Waivers	 	 	100	 
	SECTION 10.5.
	 	Notation on or Exchange of Securities	 	 	101	 
	SECTION 10.6.
	 	Trustee to Sign Amendments	 	 	101	 

ARTICLE XI SUBSIDIARY GUARANTEES

	 	 	 	 	 	 	 	 	 
	SECTION 11.1.
	 	Guarantees	 	 	101	 
	SECTION 11.2.
	 	Limitation on Liability; Termination, Release and Discharge	 	 	104	 
	SECTION 11.3.
	 	No Subrogation	 	 	105	 

ARTICLE XII

MISCELLANEOUS

	 	 	 	 	 	 	 	 	 
	SECTION 12.1.Trust Indenture Act Controls
	 	 	105	 
	SECTION 12.2.Notices
	 	 	 	 	 	 	105	 
	SECTION 12.3.Communication by Holders with other Holders
	 	 	106	 
	SECTION 12.4.Certificate and Opinion as to Conditions Precedent
	 	 	107	 
	SECTION 12.5.Statements Required in Certificate or Opinion
	 	 	107	 
	SECTION 12.6.When Securities Disregarded
	 	 	107	 
	SECTION 12.7.Rules by Trustee, Paying Agent and Registrar
	 	 	107	 
	SECTION 12.8.Legal Holidays
	 	 	 	 	 	 	108	 
	SECTION 12.9.Governing Law
	 	 	 	 	 	 	108	 
	SECTION 12.10.
	 	No Recourse Against Others	 	 	108	 
	SECTION 12.11.
	 	Successors	 	 	108	 
	SECTION 12.12.
	 	Multiple Originals	 	 	108	 
	SECTION 12.13.
	 	Qualification of Indenture	 	 	108	 
	SECTION 12.14.
	 	Table of Contents; Headings	 	 	108	 
	SECTION 12.15.
	 	Force Majeure	 	 	108	 
	SECTION 12.16.
	 	Waiver of Jury Trial	 	 	109	 
	SECTION 12.17.
	 	Severability	 	 	109	 

SCHEDULE

SCHEDULE A List of Agreements pursuant to Section 3.8(b)(7)

EXHIBITS

	 	 	 
	EXHIBIT A

EXHIBIT B

EXHIBIT C

	 	Form of Restricted Global Security

Form of Global Security

Form of Indenture Supplement to Add Subsidiary Guarantors

2

CROSS-REFERENCE TABLE

	 	 	 	 	 
	TIA Section

	 	Indenture Section

	 

	 	

	310(a)(1)

	 	 	8.10	 
	(a)(2)

	 	 	8.10	 
	(a)(3)

	 	 	N.A.	 
	(a)(4)

	 	 	N.A.	 
	(a)(5)

	 	 	8.10	 
	(b)

	 	 	8.3; 8.8; 8.10	 
	(c)

	 	 	N.A.	 
	311(a)

	 	 	8.11	 
	(b)

	 	 	8.11	 
	(c)

	 	 	N.A.	 
	312(a)

	 	 	2.5	 
	(b)

	 	 	12.3	 
	(c)

	 	 	12.3	 
	313(a)

	 	 	8.6	 
	(b)(1)

	 	 	8.6	 
	(b)(2)

	 	 	8.6	 
	(c)

	 	 	8.6	 
	(d)

	 	 	8.6	 
	314(a)

	 	 	3.10; 3.16; 11.5	 
	(b)

	 	 	N.A.	 
	(c)(1)

	 	 	9.1; 12.4	 
	(c)(2)

	 	 	9.1; 12.4	 
	(c)(3)

	 	 	N.A.	 
	(d)

	 	 	N.A.	 
	(e)

	 	 	12.5	 
	(f)

	 	 	N.A.	 
	315(a)

	 	 	8.1	 
	(b)

	 	 	8.5	 
	(c)

	 	 	8.1	 
	(d)

	 	 	8.1	 
	(e)

	 	 	7.11	 
	316(a)(last sentence)

	 	 	12.6	 
	(a)(1)(A)

	 	 	7.5	 
	(a)(1)(B)

	 	 	7.4	 
	(a)(2)

	 	 	N.A.	 
	(b)

	 	 	7.7	 
	(c)

	 	 	10.4	 
	317(a)(1)

	 	 	7.8	 
	(a)(2)

	 	 	7.9	 
	(b)

	 	 	2.4	 
	318(a)

	 	 	12.1	 
	318(b)

	 	 	N.A.	 
	318(c)

	 	 	N.A.	 

N.A. means Not Applicable.

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

3

INDENTURE dated as of March 15, 2011 among Deluxe Corporation, a Minnesota corporation (the
“Company”), the Subsidiary Guarantors party hereto and U.S. Bank National Association, a
national banking association, as trustee (the “Trustee”).

Each party agrees for the benefit of the other parties and for the equal and ratable benefit
of the holders of (i) the Company’s 7.00% Senior Notes due 2019 (the “Initial Securities”),
(ii) if and when issued, an unlimited principal amount of additional 7.00% Senior Notes due 2019 in
a non-registered or registered offering of the Company, that may be offered from time to time
subsequent to the Issue Date (the “Additional Securities”), and (iii) if and when issued,
the Company’s 7.00% Senior Notes due 2019, that may be issued from time to time if and when issued
in exchange for Initial Securities or any Additional Securities as provided in the Registration
Rights Agreement, the Company’s 7.00% Senior Notes due 2019 registered under the Securities Act
(the “Exchange Securities” and, together with the Initial Securities and any Additional
Securities, the “Securities”) as follows:

ARTICLE I

DEFINITIONS AND INCORPORATION BY REFERENCE

SECTION 1.1. Definitions.

“2007 Indenture” means the indenture, dated as of May 14, 2007, among the Company and The Bank
of New York Trust Company, N.A., as the same may be amended, restated, modified or supplemented
from time to time.

“Acquired Indebtedness” means Indebtedness (i) of a Person or any of its Subsidiaries existing
at the time such Person becomes a Restricted Subsidiary or (ii) assumed in connection with the
acquisition of assets from such Person, in each case whether or not Incurred by such Person in
connection with, or in anticipation or contemplation of, such Person becoming a Restricted
Subsidiary or such acquisition. Acquired Indebtedness shall be deemed to have been Incurred, with
respect to clause (i) of the preceding sentence, on the date such Person becomes a Restricted
Subsidiary and, with respect to clause (ii) of the preceding sentence, on the date of consummation
of such acquisition of assets.

“Additional Assets” means:

(1) any property, plant, equipment or other assets to be used by the Company or a
Restricted Subsidiary;

(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 a Restricted Subsidiary; or

(3) Capital Stock constituting a minority interest in any Person that at such time is a
Restricted Subsidiary.

“Additional Interest” with respect to the Securities means the interest payable as a
consequence of the failure to effectuate within the time periods set forth in the Registration
Rights Agreement the exchange offer and/or shelf registration procedures set forth in the
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; provided that exclusively for purposes of
Section 3.8, beneficial ownership of 10% or more of the Voting Stock of a Person shall be
deemed to be control.

“Asset Disposition” means any direct or indirect sale, lease (other than an operating lease
entered into in the ordinary course of business), transfer, issuance or other disposition, or a
series of related sales, leases, transfers, issuances or dispositions that are part of a common
plan, of shares of Capital Stock of a Subsidiary (other than directors’ qualifying shares or shares
required to be held by foreign nationals), property or other assets (each referred to for the
purposes of this definition as a “disposition”) by the Company or any of its Restricted
Subsidiaries, including any disposition by means of a merger, consolidation or similar transaction.

Notwithstanding the preceding, the following items shall not be deemed to be Asset
Dispositions:

(1) a disposition of assets by a Restricted Subsidiary to the Company or by the Company
or a Restricted Subsidiary to a Restricted Subsidiary (other than a Receivables Entity);

(2) the sale of Cash Equivalents or Auction Rate Securities in the ordinary course of
business;

(3) a disposition of inventory in the ordinary course of business;

(4) a disposition of obsolete or worn out equipment or equipment in the ordinary course
of business;

(5) transactions permitted under Article V;

(6) an issuance of Capital Stock by a Restricted Subsidiary to the Company or to a
Restricted Subsidiary (other than a Receivables Entity);

(7) for purposes of Section 3.5 only, the making of a Permitted Investment
(other than a Permitted Investment to the extent such transaction results in the receipt of
cash or Cash Equivalents by the Company or its Restricted Subsidiaries) or a disposition
subject to Section 3.3;

(8) sales of accounts receivable and related assets or an interest therein of the type
specified in the definition of “Qualified Receivables Transaction” to a Receivables Entity
or pursuant to a Credit Facility;

(9) dispositions of assets in a single transaction or series of related transactions
with an aggregate fair market value in any calendar year of less than $25.0 million (with
unused amounts in any calendar year being carried over to the next succeeding calendar year
subject to a maximum of $40.0 million in such next succeeding fiscal year;

(10) the creation of a Permitted Lien and dispositions in connection with Permitted
Liens;

(11) dispositions of receivables in connection with the compromise, settlement or
collection thereof in the ordinary course of business or in bankruptcy or similar
proceedings and exclusive of factoring or similar arrangements;

(12) the issuance by a Restricted Subsidiary of Preferred Stock that is permitted by
Section 3.2;

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

(14) foreclosure on assets.

“Attributable Indebtedness” in respect of a Sale/Leaseback Transaction means, as at the time
of determination, the present value (discounted at the interest rate implicit in the transaction)
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), determined in accordance with GAAP; provided, however, that if such Sale/Leaseback
Transaction results in a Capitalized Lease Obligation, the amount of Indebtedness represented
thereby will be determined in accordance with the definition of “Capitalized Lease Obligations.”

“Auction Rate Securities” means long-term variable rate bonds tied to short-term interest
rates that are reset through a dutch auction.

“Average Life” means, as of the date of determination, with respect to any Indebtedness or
Preferred Stock, 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
such Indebtedness or redemption or similar payment with respect to such Preferred Stock multiplied
by the amount of such payment by (2) the sum of all such payments.

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

“Bankruptcy Law Event of Default” means:

	 	(1)	 	that either the Company or a Significant Subsidiary or group of Restricted
Subsidiaries that, taken together (as of the latest audited consolidated financial
statements for the Company and its Restricted Subsidiaries), would constitute a
Significant Subsidiary, pursuant to or within the meaning of any Bankruptcy Law: (i)
commences a voluntary case or proceeding; (ii) consents to the entry of judgment,
decree or order for relief against it in an involuntary case or proceeding; (iii)
consents to the appointment of a custodian of it or for any substantial part of its
property; (iv) makes a general assignment for the benefit of its creditors; (v)
consents to or acquiesces in the institution of a bankruptcy or an insolvency
proceeding against it; (vi) takes any corporate action to authorize or effect any of
the foregoing; (vii) takes any comparable action under any foreign laws relating to
insolvency; or

	 	(2)	 	a court of competent jurisdiction enters an order or decree under any Bankruptcy
Law that: (i) is for relief in an involuntary case against the Company or a Significant
Subsidiary or group of Restricted Subsidiaries that, taken together (as of the latest
audited consolidated financial statements for the Company and its Restricted
Subsidiaries), would constitute a Significant Subsidiary, pursuant to or within the
meaning of any Bankruptcy Law; (ii) appoints a custodian for all or substantially all
of the property of the Company or a Significant Subsidiary or group of Restricted
Subsidiaries that, taken together (as of the latest audited consolidated financial
statements for the Company and its Restricted Subsidiaries), would constitute a
Significant Subsidiary, pursuant to or within the meaning of any Bankruptcy Law; or
(iii) orders the winding up or liquidation of the Company or a Significant Subsidiary
or group of Restricted Subsidiaries that, taken together (as of the latest audited
consolidated financial statements for the Company and its Restricted Subsidiaries),
would constitute a Significant Subsidiary, pursuant to or within the meaning of any
Bankruptcy Law; and (iv) in each case the order, decree or relief remains unstayed and
in effect for 60 days.

“Board of Directors” means, as to any Person, the board of directors or managers, as
applicable, of such Person (or, if such Person is a partnership, the board of directors or other
governing body of the general partner of such Person) or any duly authorized committee thereof.

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of a company to have been duly adopted by the Board of Directors of such company and to
be in full force and effect on the date of such certification, and delivered to the Trustee.

“Business Day” means each day that is not a Saturday, Sunday or other day on which banking
institutions in New York, New York are authorized or required by law to close.

“Capital Stock” of any Person means any and all shares, interests, rights to purchase,
warrants, options, participation or other equivalents of or interests in (however designated)
equity of such Person, including any Preferred Stock and limited liability or partnership interests
(whether general or limited), but excluding any debt securities convertible into such equity.

“Capitalized Lease Obligations” means an obligation that is required to be classified and
accounted for as a capitalized lease for financial reporting purposes in accordance with GAAP, and
the amount of Indebtedness represented by such obligation will be the capitalized amount of such
obligation at the time any determination thereof is to be made as determined in accordance with
GAAP, and the Stated Maturity thereof will be the date of the last payment of rent or any other
amount due under such lease prior to the first date such lease may be terminated without penalty.

“Cash Equivalents” means:

(1) securities issued or directly and fully guaranteed or insured by the United States
Government or any agency or instrumentality of the United States (provided that the full
faith and credit of the United States is pledged in support thereof), having maturities of
not more than one year from the date of acquisition;

(2) marketable general obligations issued by any state of the United States of America
or any political subdivision of any such state or any public instrumentality thereof
maturing within one year from the date of acquisition of the United States (provided that
the full faith and credit of the United States is pledged in support thereof) and, at the
time of acquisition, having a credit rating of “A” or better from either Standard & Poor’s
Ratings Group, Inc. or Moody’s Investors Service, Inc.;

(3) certificates of deposit, time deposits, eurodollar time deposits, overnight bank
deposits or bankers’ acceptances having maturities of not more than one year from the date
of acquisition thereof issued by any commercial bank the long-term debt of which is rated at
the time of acquisition thereof at least “A” or the equivalent thereof by Standard & Poor’s
Ratings Group, Inc., or “A” or the equivalent thereof by Moody’s Investors Service, Inc.,
and having combined capital and surplus in excess of $500.0 million;

(4) repurchase obligations with a term of not more than seven days for underlying
securities of the types described in clauses (1), (2) and (3) entered into with any bank
meeting the qualifications specified in clause (3) above;

(5) commercial paper rated at the time of acquisition thereof at least “A-2” or the
equivalent thereof by Standard & Poor’s Ratings Group, Inc. or “P-2” or the equivalent
thereof by Moody’s Investors Service, Inc., or carrying an equivalent rating by a nationally
recognized rating agency, if both of the two named Rating Agencies cease publishing ratings
of investments, and in any case maturing within one year after the date of acquisition
thereof; and

(6) interests in any investment company or money market fund which invests 95% or more
of its assets in instruments of the type specified in clauses (1) through (5) above.

“Change of Control” means:

(1) any “person” or “group” of related persons (as such terms are used in Sections
13(d) and 14(d) of the Exchange Act), becomes the beneficial owner (as defined in Rules
13d-3 and 13d-5 under the Exchange Act, except that such person or group shall be deemed to
have “beneficial ownership” of all shares that any such person or group has the right to
acquire, whether such right is exercisable immediately or only after the passage of time),
directly or indirectly, of more than 50% of the total voting power of the Voting Stock of
the Company (or its successor by merger, consolidation or purchase of all or substantially
all of its assets); or

(2) the first day on which a majority of the members of the Board of Directors of the
Company are not Continuing Directors; or

(3) the sale, lease, transfer, conveyance or other disposition (other than by way of
merger or consolidation), in one or a series of related transactions, of all or
substantially all of the assets of the Company and its Restricted Subsidiaries taken as a
whole to any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange
Act); or

(4) the adoption by the stockholders of the Company of a plan or proposal for the
liquidation or dissolution of the Company.

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

“Common Stock” means with respect to any Person, any and all shares, interest or other
participations in, and other equivalents (however designated and whether voting or nonvoting) of
such Person’s common stock whether or not outstanding on the Issue Date, and includes, without
limitation, all series and classes of such common stock.

“Consolidated Coverage Ratio” means as of any date of determination, with respect to any
Person, the ratio of (x) the aggregate amount of Consolidated EBITDA of such Person for the period
of the most recent four consecutive fiscal quarters ending prior to the date of such determination
for which financial statements are in existence to (y) Consolidated Interest Expense for such four
fiscal quarters, provided, however, that:

(1) if the Company or any Restricted Subsidiary:

(a) has Incurred any Indebtedness since the beginning of such period that
remains outstanding on such date of determination or if the transaction giving rise
to the need to calculate the Consolidated Coverage Ratio is an Incurrence of
Indebtedness, Consolidated EBITDA and Consolidated Interest Expense for such period
will 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 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 creation of such facility to
the date of such calculation) and the discharge of any other Indebtedness repaid,
repurchased, defeased or otherwise discharged with the proceeds of such new
Indebtedness as if such discharge had occurred on the first day of such period; or

(b) has repaid, repurchased, defeased or otherwise discharged any Indebtedness
since the beginning of the period that is no longer outstanding on such date of
determination or if the transaction giving rise to the need to calculate the
Consolidated Coverage Ratio involves a discharge of Indebtedness (in each case other
than Indebtedness Incurred under any revolving credit facility unless such
Indebtedness has been permanently repaid and the related commitment terminated),
Consolidated EBITDA and Consolidated Interest Expense for such period will be
calculated after giving effect on a pro forma basis to such discharge of such
Indebtedness, including with the proceeds of such new Indebtedness, as if such
discharge had occurred on the first day of such period;

(2) if since the beginning of such period the Company or any Restricted Subsidiary will
have made any Asset Disposition or disposed of any company, division, operating unit,
segment, business, group of related assets or line of business or if the transaction giving
rise to the need to calculate the Consolidated Coverage Ratio is such an Asset Disposition:

(a) the Consolidated EBITDA for such period will be reduced by an amount equal
to the Consolidated EBITDA (if positive) directly attributable to the assets which
are the subject of such disposition for such period or increased by an amount equal
to the Consolidated EBITDA (if negative) directly attributable thereto for such
period; and

(b) Consolidated Interest Expense for such period will 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 respect to the Company and its continuing Restricted
Subsidiaries in connection with such 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);

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

(4) 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) will have Incurred any Indebtedness or discharged any
Indebtedness, made any disposition or any Investment or acquisition of assets that would
have required an adjustment pursuant to clause (1), (2) or (3) above if made by the Company
or a Restricted Subsidiary during such period, Consolidated EBITDA and Consolidated Interest
Expense for such period will be calculated after giving pro forma effect thereto as if such
transaction occurred on the first day of such period.

For purposes of this definition, whenever pro forma effect is to be given to any calculation under
this definition, the pro forma calculations will be determined in good faith by a responsible
financial or accounting officer of the Company (including pro forma expense and cost reductions
calculated on a basis consistent with Regulation S-X under the Securities Act). If any Indebtedness
bears a floating rate of interest and is being given pro forma effect, the interest expense on such
Indebtedness will 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
to such Indebtedness if such Interest Rate Agreement has a remaining term in excess of 12 months).
If any Indebtedness that is being given pro forma effect bears an interest rate at the option of
the Company, the interest rate shall be calculated by applying such optional rate chosen by the
Company.

“Consolidated EBITDA” for any period means, without duplication, the Consolidated Net Income
for such period, plus the following items to the extent deducted in calculating such Consolidated
Net Income:

(1) Consolidated Interest Expense; plus

(2) Consolidated Income Taxes; plus

(3) consolidated depreciation expense; plus

(4) consolidated amortization expense or impairment charges recorded in connection with
the application of Financial Accounting Standard No. 142 “Goodwill and Other Intangibles”
and Financial Accounting Standard No. 144 “Accounting for the Impairment or Disposal of Long
Lived Assets;” plus

(5) other non-cash charges reducing Consolidated Net Income (provided that any such
non-cash charge that represents an accrual of or reserve for cash expenditures in any future
period shall be deducted when expended in such future period); less

(6) non-cash items increasing Consolidated Net Income of such Person for such period
(excluding any items which represent the reversal of any accrual of, or reserve for,
anticipated cash charges made in any prior period).

Notwithstanding the preceding sentence, clauses (2) through (6) relating to amounts of a Restricted
Subsidiary of a Person will be added to Consolidated Net Income to compute Consolidated EBITDA of
such Person only to the extent (and in the same proportion) that the net income (loss) of such
Restricted Subsidiary was included in calculating the Consolidated Net Income of such Person and,
to the extent the amounts set forth in clauses (2) through (6) are in excess of those necessary to
offset a net loss of such Restricted Subsidiary or if such Restricted Subsidiary has net income for
such period included in Consolidated Net Income, 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 that Restricted Subsidiary or its stockholders.

“Consolidated Income Taxes” means, with respect to any Person for any period, taxes imposed
upon such Person or other payments required to be made by such Person by any governmental authority
which taxes or other payments are calculated by reference to the income or profits of such Person
or such Person and its Restricted Subsidiaries (to the extent such income or profits were included
in computing Consolidated Net Income for such period), regardless of whether such taxes or payments
are required to be remitted to any governmental authority.

“Consolidated Interest Expense” means, for any period, the total interest expense of the
Company and its consolidated Restricted Subsidiaries, whether paid or accrued, plus, to the extent
not included in such interest expense:

(1) interest expense attributable to Capitalized Lease Obligations and the interest
portion of rent expense associated with Attributable Indebtedness in respect of the relevant
lease giving rise thereto, determined as if such lease were a capitalized lease in
accordance with GAAP and the interest component of any deferred payment obligations;

(2) amortization of debt discount and debt issuance cost; provided, however, that any
amortization of bond premium will be credited to reduce Consolidated Interest Expense
unless, pursuant to GAAP, such amortization of bond premium has otherwise reduced
Consolidated Interest Expense;

(3) non-cash interest expense;

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

(5) the interest expense on Indebtedness of another Person that is Guaranteed by such
Person or one of its Restricted Subsidiaries or secured by a Lien on assets of such Person
or one of its Restricted Subsidiaries;

(6) costs associated with Hedging Obligations (including amortization of fees)
provided, however, that if Hedging Obligations result in net benefits rather than costs,
such benefits shall be credited to reduce Consolidated Interest Expense unless, pursuant to
GAAP, such net benefits are otherwise reflected in Consolidated Net Income;

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

(8) the product of (a) all dividends paid or payable, in cash, Cash Equivalents or
Indebtedness or accrued during such period on any series of Disqualified Stock of such
Person or on Preferred Stock of its Restricted Subsidiaries that are not Subsidiary
Guarantors payable to a party other than the Company or a wholly-owned Subsidiary, times (b)
a fraction, the numerator of which is one and the denominator of which is one minus the then
current combined federal, state, provincial and local statutory tax rate of such Person,
expressed as a decimal, in each case, on a consolidated basis and in accordance with GAAP;

(9) Receivables Fees; 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 and its Restricted Subsidiaries) in connection with
Indebtedness Incurred by such plan or trust.

For the purpose of calculating the Consolidated Coverage Ratio, the calculation of
Consolidated Interest Expense shall include all interest expense (including any amounts described
in clauses (1) through (10) above) relating to any Indebtedness of the Company or any Restricted
Subsidiary described in the final paragraph of the definition of “Indebtedness.”

For purposes of the foregoing, total interest expense will be determined (i) after giving
effect to any net payments made or received by the Company and its Subsidiaries with respect to
Interest Rate Agreements and (ii) exclusive of amounts classified as other comprehensive income in
the balance sheet of the Company. Notwithstanding anything to the contrary contained herein,
commissions, discounts, yield and other fees and charges Incurred in connection with any
transaction pursuant to which the Company or its Restricted Subsidiaries may sell, convey or
otherwise transfer or grant a security interest in any accounts receivable or related assets shall
be included in Consolidated Interest Expense.

“Consolidated Net Income” means, for any period, the net income (loss) of the Company and its
consolidated Restricted Subsidiaries determined in accordance with GAAP; provided, however, that
there will not be included in such Consolidated Net Income:

(1) any net income (loss) of any Person if such Person is not a Restricted Subsidiary,
except that:

(a) subject to the limitations contained in clauses (3), (4) and (5) below, the
Company’s equity in the net income of any such Person for such period will 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 to a Restricted Subsidiary, to the limitations contained in
clause (2) below); and

(b) the Company’s equity in a net loss of any such Person (other than an
Unrestricted Subsidiary) for such period will be included in determining such
Consolidated Net Income to the extent such loss has been funded with cash from the
Company or a Restricted Subsidiary;

(2) any net income (but not loss) of any Restricted Subsidiary (other than a Subsidiary
Guarantor) if such 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 limitations contained in clauses (3), (4) and (5) below, the
Company’s equity in the net income of any such Restricted Subsidiary for such period
will be included in such Consolidated Net Income up to the aggregate amount of cash
that could have been distributed by such Restricted Subsidiary during such period to
the Company or another Restricted Subsidiary as a dividend (subject, in the case of
a dividend 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 will be included in determining such Consolidated Net Income;

(3) any gain (loss) realized upon the sale or other disposition of any property, plant
or equipment of the Company or its consolidated Restricted Subsidiaries (including pursuant
to any Sale/Leaseback Transaction) which is not sold or otherwise disposed of in the
ordinary course of business and any gain (loss) realized upon the sale or other disposition
of any Capital Stock of any Person;

(4) any extraordinary gain or loss; and

(5) the cumulative effect of a change in accounting principles.

“Consolidated Net Tangible Assets” means the total amount of assets (less accumulated
depreciation and valuation reserves and other reserves and items deductible from gross book value
of specific asset accounts under GAAP) that under GAAP are included on a balance sheet of the
Company and its Subsidiaries after deducting therefrom all goodwill, trade names, trademarks,
patents, favorable lease rights, unamortized debt discount and expense and other like intangibles,
which in each such case would be so included on such balance sheet, net of accumulated
amortization.

“Continuing Directors” means, as of any date of determination, any member of the Board of
Directors of the Company who: (1) was a member of such Board of Directors on the Issue Date; or (2)
was nominated for election or elected to such Board of Directors with the approval of a majority of
the Continuing Directors who were members of such Board at the time of such nomination or election.

“Credit Facility” means, with respect to the Company or any Subsidiary Guarantor, one or more
debt facilities (including, without limitation, the Senior Credit Agreement) or commercial paper
facilities with banks or other institutional lenders providing for revolving credit loans, term
loans, receivables financing (including through the sale of receivables to such lenders or to
special purpose entities formed to borrow from such lenders against such receivables) or letters of
credit, or indentures, in each case, as amended, restated, modified, renewed, refunded, replaced or
refinanced in whole or in part from time to time (and whether or not with the original
administrative agent and lenders or another administrative agent or agents or other lenders and
whether provided under the original Senior Credit Agreement or any other credit or other agreement
or indenture).

“Currency Agreement” means in respect of a Person any foreign exchange contract, currency swap
agreement, futures contract, option contract or other similar agreement as to which such Person is
a party or a beneficiary.

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

“Definitive Securities” means certificated Securities.

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

(1) matures or is mandatorily redeemable pursuant to a sinking fund obligation or
otherwise;

(2) is convertible into or exchangeable for Indebtedness or Disqualified Stock
(excluding Capital Stock which is convertible or exchangeable solely at the option of the
Company or a Restricted Subsidiary until the Company converts or exchanges such Capital
Stock into or for Indebtedness or Disqualified Stock); or

(3) is redeemable at the option of the holder of the Capital Stock in whole or in part,

in each case on or prior to the date that is 91 days after the earlier of the date (a) of the
Stated Maturity of the Securities or (b) on which there are no Securities outstanding, provided
that only the portion of Capital Stock which so matures or is mandatorily redeemable, is so
convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such
date will be deemed to be Disqualified Stock; provided, further that any Capital Stock that would
constitute Disqualified Stock solely because the holders thereof have the right to require the
Company to repurchase such Capital Stock upon the occurrence of a change of control or asset sale
(each defined in a substantially identical manner to the corresponding definitions in this
Indenture) shall not constitute Disqualified Stock if the terms of such Capital Stock (and all such
securities into which it is convertible or for which it is ratable or exchangeable) provide that
the Company may not repurchase or redeem any such Capital Stock (and all such securities into which
it is convertible or for which it is ratable or exchangeable) pursuant to such provision prior to
compliance by the Company with Sections 3.5 and 3.9.

“DTC” means The Depository Trust Company.

“Equity Offering” means a public or private offering for cash by the Company of its Common
Stock, or options, warrants or rights with respect to its Common Stock, other than (x) public
offerings with respect to the Company’s Common Stock, or options, warrants or rights, registered on
Form S-4 or S-8 or (y) an issuance to any Subsidiary.

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

“Exchange Offer” has the meaning set forth in the Registration Rights Agreement.

“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 the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public Accountants and
statements and pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as approved by a significant segment of the accounting profession.
All ratios and computations based on GAAP contained in this Indenture will be computed in
conformity with GAAP, except that in the event the Company is acquired in a transaction that is
accounted for using purchase accounting, the effects of the application of purchase accounting
shall be disregarded in the calculation of such ratios and other computations contained in this
Indenture.

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

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

(2) entered into for purposes 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” will not include
endorsements for collection or deposit in the ordinary course of business. The term
“Guarantee” used as a verb has a corresponding meaning.

“Guarantor Subordinated Obligation” means, with respect to a Subsidiary Guarantor, any
Indebtedness of such Subsidiary Guarantor which is expressly subordinated in right of payment to
the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written
agreement.

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

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

“IAI” means an institutional “accredited investor” (within the meaning of Rule 501(a)(1), (2),
(3) or (7) under the Securities Act) that is not a QIB.

“Incur” means issue, create, assume, Guarantee, incur or otherwise become liable for;
provided, however, that any Indebtedness or Capital Stock of a Person existing at the time such
Person becomes a Restricted Subsidiary (whether by merger, consolidation, acquisition or otherwise)
will be deemed to be Incurred by such Restricted Subsidiary at the time it becomes a Restricted
Subsidiary; and the terms “Incurred” and “Incurrence” have meanings correlative to the foregoing.

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

(1) the principal of and premium (if any) in respect of indebtedness of such Person for
borrowed money;

(2) the principal of and premium (if any) in respect of obligations of such Person
evidenced by bonds, debentures, notes or other similar instruments;

(3) the principal component of all obligations of such Person in respect of letters of
credit, bankers’ acceptances or other similar instruments (including reimbursement
obligations with respect thereto except to the extent such reimbursement obligation relates
to a trade payable and such obligation is satisfied within 30 days of Incurrence);

(4) the principal component of all obligations of such Person to pay the deferred and
unpaid purchase price of property (except trade payables), which purchase price is due more
than six months after the date of placing such property in service or taking delivery and
title thereto;

(5) Capitalized Lease Obligations and all Attributable Indebtedness of such Person;

(6) the principal component or liquidation preference of all obligations of such Person
with respect to the redemption, repayment or other repurchase of any Disqualified Stock or,
with respect to any Non-Guarantor Subsidiary, any Preferred Stock (but excluding, in each
case, any accrued dividends);

(7) the principal component of all Indebtedness of other Persons secured by a Lien on
any asset of such Person, whether or not such Indebtedness is assumed by such Person;
provided, however, that the amount of such Indebtedness will be the lesser of (a) the fair
market value of such asset at such date of determination and (b) the amount of such
Indebtedness of such other Persons;

(8) the principal component of Indebtedness of other Persons to the extent Guaranteed
by such Person;

(9) to the extent not otherwise included in this definition, net obligations of such
Person under Hedging Obligations (the amount of any such obligations to be equal at any time
to the termination value of such agreement or arrangement giving rise to such obligation
that would be payable by such Person at such time); and

(10) to the extent not otherwise included in this definition, the Receivables
Transaction Amount outstanding relating to a Qualified Receivables Transaction.

The amount of Indebtedness of any Person at any date will be the outstanding balance at such date
of all unconditional obligations as described above and the maximum liability, upon the occurrence
of the contingency giving rise to the obligation, of any contingent obligations at such date.
Notwithstanding the foregoing, money borrowed and set aside at the time of the Incurrence of any
Indebtedness in order to pre-fund the payment of interest on such Indebtedness shall not be deemed
to be “Indebtedness” provided that such money is held to secure the payment of such interest.

In addition, “Indebtedness” of any Person shall include Indebtedness described in the
preceding paragraph that would not appear as a liability on the balance sheet of such Person if:

(1) such Indebtedness is the obligation of a partnership or joint venture that is not a
Restricted Subsidiary (a “Joint Venture”);

(2) such Person or a Restricted Subsidiary of such Person is a general partner of the
Joint Venture (a “General Partner”); and

(3) there is recourse, by contract or operation of law, with respect to the payment of
such Indebtedness to property or assets of such Person or a Restricted Subsidiary of such
Person; and then such Indebtedness shall be included in an amount not to exceed:

(a) the lesser of (i) the net assets of the General Partner and (ii) the amount
of such obligations to the extent that there is recourse, by contract or operation
of law, to the property or assets of such Person or a Restricted Subsidiary of such
Person; or

(b) if less than the amount determined pursuant to clause (a) immediately
above, the actual amount of such Indebtedness that is recourse to such Person or a
Restricted Subsidiary of such Person, if the Indebtedness is evidenced by a writing
and is for a determinable amount.

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

“Initial Purchasers” means, together, J.P. Morgan Securities LLC, Credit Suisse Securities
(USA) LLC, Fifth Third Securities, Inc., Mitsubishi UFJ Securities (USA), Inc. and U.S. Bancorp
Investments, Inc.

“interest” with respect to the Securities means interest with respect thereto, and Additional
Interest, if any.

“Interest Rate Agreement” means with respect to any Person any interest rate protection
agreement, interest rate future agreement, interest rate option agreement, interest rate swap
agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge
agreement or other similar agreement or arrangement as to which such Person is party or a
beneficiary.

“Investment” means, with respect to any Person, all investments by such Person in other
Persons (including Affiliates) in the form of any direct or indirect advance, loan (other than
advances or extensions of credit to customers in the ordinary course of business) or other
extensions of credit (including by way of Guarantee or similar arrangement, but excluding any debt
or extension of credit represented by a bank deposit other than a time deposit) 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 and all other items that
are or would be classified as investments on a balance sheet prepared in accordance with GAAP;
provided that none of the following will be deemed to be an Investment:

(1) Hedging Obligations entered into in the ordinary course of business and in
compliance with this Indenture;

(2) endorsements of negotiable instruments and documents in the ordinary course of
business; and

(3) an acquisition of assets, Capital Stock or other securities by the Company or a
Subsidiary for consideration to the extent such consideration consists of Common Stock of
the Company.

For purposes of Section 3.3,

(1) “Investment” will include the portion (proportionate to the Company’s equity
interest in a Restricted Subsidiary to be designated as an Unrestricted Subsidiary) of the
fair market value of the net assets of such Restricted Subsidiary at the time that such
Restricted Subsidiary is designated an Unrestricted Subsidiary; provided, however, that upon
a redesignation of such Subsidiary as a Restricted Subsidiary, the Company will be deemed to
continue to have a permanent “Investment” in an Unrestricted Subsidiary in 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 (as conclusively determined by the
Board of Directors of the Company in good faith) of such Subsidiary at the time that such
Subsidiary is so re-designated a Restricted Subsidiary;

(2) any property transferred to or from an Unrestricted Subsidiary will 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 of the Company; and

(3) if the Company or any Restricted Subsidiary sells or otherwise disposes of any
Voting Stock of any Restricted Subsidiary such that, after giving effect to any such sale or
disposition, such entity is no longer a Subsidiary of the Company, the Company shall be
deemed to have made an Investment on the date of any such sale or disposition equal to the
fair market value (as conclusively determined by the Board of Directors of the Company in
good faith) of the Capital Stock of such Subsidiary not sold or disposed of.

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) in
the case of Moody’s Investors Service, Inc., a rating equal to or higher than BBB- (or the
equivalent) in the case of Standard & Poor’s Ratings Group, Inc. and a rating equal to or higher
than BBB- (or the equivalent) in the case of Fitch Ratings Ltd., in each case, with a stable or
better outlook.

“Issue Date” means March 15, 2011.

“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).

“Net Available Cash” from an Asset Disposition means cash payments received (including any
cash payments received by way of deferred payment of principal pursuant to a note or installment
receivable or otherwise and net proceeds from the sale or other disposition of any securities
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 the properties or assets that are the subject of such Asset Disposition or received in
any other non-cash form) therefrom, 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 paid or accrued as a liability under GAAP (after
taking into account any available tax credits or deductions and any tax sharing agreements),
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 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;

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

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

“Net Cash Proceeds,” with respect to any issuance or sale of Capital Stock, means the cash
proceeds of such issuance or sale net of attorneys’ fees, accountants’ fees, underwriters’ or
placement agents’ fees, listing fees, discounts or commissions and brokerage, consultant and other
fees and charges actually Incurred in connection with such issuance or sale and net of taxes paid
or payable as a result of such issuance or sale (after taking into account any available tax credit
or deductions and any tax sharing arrangements).

“Non-Guarantor Subsidiary” means any Restricted Subsidiary that is not a Subsidiary Guarantor.

“Non-Recourse Debt” means Indebtedness of a Person:

(1) as to which neither the Company nor any Restricted Subsidiary (a) provides any
Guarantee or credit support of any kind (including any undertaking, guarantee, indemnity,
agreement or instrument that would constitute Indebtedness) or (b) is directly or indirectly
liable (as a guarantor or otherwise);

(2) no default with respect to which (including any rights that the holders thereof may
have to take enforcement action against an Unrestricted Subsidiary) would permit (upon
notice, lapse of time or both) any holder of any other Indebtedness of the Company or any
Restricted Subsidiary to declare a default under such other Indebtedness or cause the
payment thereof to be accelerated or payable prior to its Stated Maturity; and

(3) the explicit terms of which provide there is no recourse against any of the assets
of the Company or its Restricted Subsidiaries, except that Standard Securitization
Undertakings shall not be considered recourse.

“Offering Memorandum” means the final Offering Memorandum dated March 9, 2011 relating to the
offering of the Securities.

“Officer” means the Chairman of the Board, the Chief Executive Officer, the President, the
Chief Financial Officer, any Vice President, the Treasurer or the Secretary of the Company. Officer
of any Subsidiary Guarantor has a correlative meaning.

“Officers’ Certificate” means a certificate signed by two Officers or by an Officer and either
an Assistant Treasurer or an Assistant Secretary of the Company.

“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 or the Trustee.

“Pari Passu Indebtedness” means Indebtedness that ranks equally in right of payment to the
Securities.

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

(1) a Restricted Subsidiary (other than a Receivables Entity) or a Person which will,
upon the making of such Investment, become a Restricted Subsidiary (other than a Receivables
Entity);

(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 its assets to,
the Company or a Restricted Subsidiary;

(3) cash and Cash Equivalents and Auction Rate Securities;

(4) receivables owing to the Company or any Restricted Subsidiary 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, officers or directors of the Company or any
Restricted Subsidiary of the Company in the ordinary course of business consistent with past
practices, in an aggregate amount not in excess of $5.0 million with respect to all loans or
advances made since the Issue Date (without giving effect to the forgiveness of any such
loan);

(7) Capital 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 pursuant to any plan of reorganization or similar arrangement
upon the bankruptcy or insolvency of a debtor;

(8) Investments made as a result of the receipt of non-cash consideration from an Asset
Disposition that was made pursuant to and in compliance with Section 3.5;

(9) Investments in existence on the Issue Date;

(10) Currency Agreements, Interest Rate Agreements and related Hedging Obligations,
which transactions or obligations are Incurred in compliance with Section 3.2;

(11) Investments by the Company or any of its Restricted Subsidiaries, together with
all other Investments pursuant to this clause (11), in an aggregate amount at the time of
such Investment not to exceed the greater of (i) $75.0 million and (ii) 10% of Consolidated
Net Tangible Assets outstanding at any one time (with the fair market value of such
Investment being measured at the time made and without giving effect to subsequent changes
in value);

(12) Guarantees issued in accordance with Section 3.2;

(13) Investments by the Company or a Restricted Subsidiary in a Receivables Entity or
any Investment by a Receivables Entity in any other Person, in each case, in connection with
a Qualified Receivables Transaction, provided, however, that any Investment in any such
Person is in the form of a Purchase Money Note, or any equity interest or interests in
Receivables and related assets generated by the Company or a Restricted Subsidiary and
transferred to any Person in connection with a Qualified Receivables Transaction or any such
Person owning such Receivables; and

(14) Investments consisting of purchases and acquisitions of inventory, supplies and
equipment in the ordinary course of business.

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

(1) Liens securing Indebtedness and other obligations under a Credit Facility and
related Hedging Obligations and liens on assets of Restricted Subsidiaries securing
Guarantees of Indebtedness and other obligations of the Company under a Credit Facility
permitted to be Incurred under Section 3.2(b)(i); provided, however, that if such
Liens include Liens upon any Principal Property (as defined in Section 4.1) or upon
any shares of capital stock or indebtedness of any Restricted Subsidiary (as defined in
Section 4.1) (such Liens upon any Principal Property or upon any shares of capital
stock or indebtedness of any Restricted Subsidiary being called “Principal Property Liens”)
and, as a result, other Indebtedness is secured by such Principal Property Liens, the
Securities shall be equally and ratably secured by such Principal Property Liens as provided
under Section 3.6;

(2) 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 United States government bonds to secure surety or appeal bonds to which
such Person is a party, or deposits as security for contested taxes or import or customs
duties or for the payment of rent, in each case Incurred in the ordinary course of business;

(3) Liens imposed by law, including carriers’, warehousemen’s, mechanics’,
materialmen’s and repairmen’s Liens, in each case for sums not yet due or being contested in
good faith by appropriate proceedings if a reserve or other appropriate provisions, if any,
as shall be required by GAAP shall have been made in respect thereof;

(4) Liens for taxes, assessments or other governmental charges not yet subject to
penalties for non-payment or which are being contested in good faith by appropriate
proceedings provided appropriate reserves required pursuant to GAAP have been made in
respect thereof;

(5) Liens in favor of issuers of surety or performance bonds or letters of credit or
bankers’ acceptances 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;

(6) encumbrances, ground leases, 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, building codes or other restrictions (including, without
limitation, minor defects or irregularities in title and similar encumbrances) as to the use
of real properties or liens incidental to the conduct of the business of such Person or to
the ownership of its properties 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;

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

(8) leases, licenses, subleases and sublicenses of assets (including, without
limitation, real property and intellectual property rights) which do not materially
interfere with the ordinary conduct of the business of the Company or any of its Restricted
Subsidiaries;

(9) judgment Liens not giving rise to 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 have not been finally terminated or the period within which
such proceedings may be initiated has not expired;

(10) Liens for the purpose of securing Indebtedness represented by Capitalized Lease
Obligations, mortgage financings, purchase money obligations or other payments Incurred to
finance all or any part of the purchase price or cost of construction or improvement of
assets or property (other than Capital Stock or other Investments) acquired, constructed or
improved in the ordinary course of business provided that:

(a) the aggregate principal amount of Indebtedness secured by such Liens is
otherwise permitted to be Incurred under this Indenture and does not exceed the cost
of the assets or property so acquired, constructed or improved; and

(b) such Liens are created within 180 days of construction, acquisition or
improvement of such assets or property and do not encumber any other assets or
property of the Company or any Restricted Subsidiary other than such assets or
property and assets affixed or appurtenant thereto;

(11) Liens arising solely by virtue of any statutory or common law provisions relating
to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts
or other funds maintained with a depositary institution; provided 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;

(12) 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;

(13) Liens existing on the Issue Date (other than Liens permitted under clause (1) of
this definition);

(14) Liens on property or shares of stock of a Person at the time such Person becomes a
Restricted Subsidiary; provided, however, that such Liens are not created, Incurred or
assumed in connection with, or in contemplation of, such other Person becoming a Restricted
Subsidiary; provided further, however, that any such Lien may not extend to any other
property owned by the Company or any Restricted Subsidiary;

(15) Liens on property at the time the Company or a Restricted Subsidiary acquired the
property, including any acquisition by means of a merger or consolidation with or into the
Company or any Restricted Subsidiary; provided, however, that such Liens are not created,
Incurred or assumed in connection with, or in contemplation of, such acquisition; provided
further, however, that such Liens may not extend to any other property owned by the Company
or any Restricted Subsidiary;

(16) Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing
to the Company or another Restricted Subsidiary (other than a Receivables Entity);

(17) Liens securing the Securities and Subsidiary Guarantees and related exchange notes
and guarantees thereof;

(18) Liens securing Refinancing Indebtedness Incurred to refinance, refund, replace,
amend, extend or modify, as a whole or in part, Indebtedness that was previously so secured
pursuant to clauses (10), (13), (14), (15), (17) and (18) of this definition, provided that
any such Lien is limited to all or part of the same property or assets (plus improvements,
accessions, proceeds or dividends or distributions in respect thereof) that secured (or,
under the written arrangements under which the original Lien arose, could secure) the
Indebtedness being refinanced or is in respect of property that is the security for a
Permitted Lien hereunder;

(19) any interest or title of a lessor under any Capitalized Lease Obligation or
operating lease;

(20) Liens under industrial revenue, municipal or similar bonds;

(21) Liens on assets transferred to a Receivables Entity or on assets of a Receivables
Entity, in either case Incurred in connection with a Qualified Receivables Transaction; and

(22) Liens securing Indebtedness (other than Subordinated Obligations and Guarantor
Subordinated Obligations and other than Indebtedness secured as a result of the securing of
Indebtedness under the Credit Facilities) in an aggregate principal amount outstanding at
any one time not to exceed $75.0 million.

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

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

“Purchase Money Note” means a promissory note of a Receivables Entity evidencing the deferred
purchase price of Receivables (and related assets) and a line of credit, which may be irrevocable,
from the Company or any Restricted Subsidiary in connection with a Qualified Receivables
Transaction with a Receivables Entity, which deferred purchase price or line is repayable from cash
available to the Receivables Entity, other than amounts required to be established as reserves
pursuant to agreements, amounts paid to investors in respect of interest, principal and other
amounts owing to such investors and amounts owing to such investors and amounts paid in connection
with the purchase of newly generated Receivables.

“QIB” means any “qualified institutional buyer” as such term is defined in Rule 144A.

“Qualified Receivables Transaction” means any transaction or series of transactions that may
be entered into by the Company or any of its Restricted Subsidiaries pursuant to which the Company
or any of its Restricted Subsidiaries may sell, convey or otherwise transfer to (1) a Receivables
Entity (in the case of a transfer by the Company or any of its Restricted Subsidiaries) and (2) any
other Person (in the case of a transfer by a Receivables Entity), or may grant a security interest
in, any Receivables (whether now existing or arising in the future) of the Company or any of its
Restricted Subsidiaries, and any assets related thereto including, without limitation, all
collateral securing such Receivables, all contracts and all guarantees or other obligations in
respect of such accounts receivable, the proceeds of such Receivables and other assets which are
customarily transferred, or in respect of which security interests are customarily granted, in
connection with asset securitization involving Receivables.

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

“Receivable” means a right to receive payment arising from a sale or lease of goods or the
performance of services by a Person pursuant to an arrangement with another Person pursuant to
which such other Person is obligated to pay for goods or services under terms that permit the
purchase of such goods and services on credit and shall include, in any event, any items of
property that would be classified as an “account,” “chattel paper,” “payment intangible” or
“instrument” under the Uniform Commercial Code as in effect in the State of New York and any
“supporting obligations” as so defined.

“Receivables Entity” means a wholly-owned Subsidiary (or another Person in which the Company
or any Restricted Subsidiary makes an Investment and to which the Company or any Restricted
Subsidiary transfers Receivables and related assets) which engages in no activities other than in
connection with the financing of Receivables and which is designated by the Board of Directors of
the Company (as provided below) as a Receivables Entity:

(1) no portion of the Indebtedness or any other obligations (contingent or otherwise)
of which:

(a) is Guaranteed by the Company or any Restricted Subsidiary (excluding
Guarantees of obligations (other than the principal of, and interest on,
Indebtedness) pursuant to Standard Securitization Undertakings);

(b) is recourse to or obligates the Company or any Restricted Subsidiary in any
way other than pursuant to Standard Securitization Undertakings; or

(c) subjects 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) with which neither the Company nor any Restricted Subsidiary has any material
contract, agreement, arrangement or understanding (except in connection with a Purchase
Money Note or Qualified Receivables Transaction) other than on terms no less favorable to
the Company or such Restricted Subsidiary 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 Receivables; and

(3) to which neither the Company nor any Restricted Subsidiary has any obligation to
maintain or preserve such entity’s financial condition or cause such entity to achieve
certain levels of operating results.

Any such designation by the Board of Directors of the Company shall be evidenced to
the Trustee by filing with the Trustee a certified copy of the resolution of the
Board of Directors of the Company giving effect to such designation and an Officers’
Certificate certifying that such designation complied with the foregoing conditions.

“Receivables Fees” means any fees or interest paid to purchasers or lenders providing the
financing in connection with a Qualified Receivables Transaction, factoring agreement or other
similar agreement, including any such amounts paid by discounting the face amount of Receivables or
participations therein transferred in connection with a Qualified Receivables Transaction,
factoring agreement or other similar arrangement, regardless of whether any such transaction is
structured as on-balance sheet or off- balance sheet or through a Restricted Subsidiary or an
Unrestricted Subsidiary.

“Receivables Transaction Amount” means the amount of obligations outstanding under the legal
documents entered into as part of such Qualified Receivables Transaction on any date of
determination that would be characterized as principal if such Qualified Receivables Transaction
were structured as a secured lending transaction rather than as a purchase.

“Redemption Date” means, with respect to any redemption of Securities, the date of redemption
with respect thereto.

“Refinancing Indebtedness” means Indebtedness that is Incurred to refund, refinance, replace,
exchange, renew, repay or extend (including pursuant to any defeasance or discharge mechanism)
(collectively, “refinance,” “refinances” and “refinanced” shall each have a correlative meaning)
any Indebtedness existing on the Issue Date or Incurred in compliance with this Indenture
(including Indebtedness of the Company that refinances Indebtedness of any Restricted Subsidiary
and Indebtedness of any Restricted Subsidiary that refinances Indebtedness of another Restricted
Subsidiary) including Indebtedness that refinances Refinancing Indebtedness, provided, however,
that:

(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) the 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 is Incurred in an aggregate principal amount (or if
issued with original issue discount, an aggregate issue price) that is equal to or less than
the sum of the aggregate principal amount (or if issued with original issue discount, the
aggregate accreted value) then outstanding of the Indebtedness being refinanced (plus,
without duplication, any additional Indebtedness Incurred to pay interest or premiums
required by the instruments governing such existing Indebtedness and fees Incurred in
connection therewith);

(4) if the Indebtedness being refinanced is subordinated in right of payment to the
Securities or the Subsidiary Guarantee, such Refinancing Indebtedness is subordinated in
right of payment to the Securities or the Subsidiary Guarantee on terms at least as
favorable to the holders as those contained in the documentation governing the Indebtedness
being refinanced; and

(5) Refinancing Indebtedness shall not include Indebtedness of a Non-Guarantor
Subsidiary that refinances Indebtedness of the Company or a Subsidiary Guarantor.

“Registration Rights Agreement” means that certain registration rights agreement dated as of
the Issue Date by and among the Company, the Subsidiary Guarantors and the initial purchasers set
forth therein and, with respect to any Additional Securities, one or more substantially similar
registration rights agreements among the Company and the other parties thereto, as such agreements
may be amended from time to time.

“Regulation S” means Regulation S under the Securities Act.

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

“Restricted Subsidiary” means any Subsidiary of the Company other than an Unrestricted
Subsidiary.

“Rule 144A” means Rule 144A under the Securities Act.

“Sale/Leaseback Transaction” means an arrangement relating to property now owned or hereafter
acquired whereby the Company or a Restricted Subsidiary transfers such property to a Person and the
Company or a Restricted Subsidiary leases it from such Person.

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

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations
of the SEC promulgated thereunder.

“Securities Custodian” means the custodian with respect to the Global Securities (as appointed
by DTC), or any successor Person thereto and shall initially be the Trustee.

“Securities Register” means the register of Securities, maintained by the Registrar, pursuant
to Section 2.3.

“Senior Credit Agreement” means the 3-year revolving credit agreement dated as of March 12,
2010, among the Company, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party
thereto from time to time, as the same may be amended, restated, modified, renewed, refunded,
replaced or refinanced in whole or in part from time to time (including increasing the amount
loaned thereunder provided that such additional Indebtedness is Incurred in accordance with
Section 3.2).

“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 Securitization Undertakings” means representations, warranties, covenants and
indemnities entered into by the Company or any Restricted Subsidiary which are reasonably customary
in securitization of Receivables transactions.

“Stated Maturity” means, with respect to any security, the date specified in such security as
the fixed date on which the payment of principal of such security is due and payable, including
pursuant to any mandatory redemption provision, but shall not include any contingent obligations to
repay, redeem or repurchase any such principal prior to the date originally scheduled for the
payment thereof.

“Subordinated Obligation” means any Indebtedness of the Company (whether outstanding on the
Issue Date or thereafter Incurred) which is subordinated or junior in right of payment to the
Securities pursuant to a written agreement.

“Subsidiary” of any Person means (a) any corporation, association or other business entity
(other than a partnership, joint venture, limited liability company or similar entity) of which
more than 50% of the total ordinary voting power of shares of Capital Stock entitled (without
regard to the occurrence of any contingency) to vote in the election of directors, managers or
trustees thereof (or persons performing similar functions) or (b) any partnership, joint venture
limited liability company or similar entity of which more than 50% of the capital accounts,
distribution rights, total equity and voting interests or general or limited partnership interests,
as applicable, is, in the case of clauses (a) and (b), 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. Unless otherwise specified herein, each reference to a
Subsidiary will refer to a Subsidiary of the Company.

“Subsidiary Guarantee” means, individually, any Guarantee of payment of the Securities and the
Company’s other obligations under this Indenture) by a Subsidiary Guarantor pursuant to the terms
of this Indenture and any supplemental indenture thereto, and, collectively, all such Guarantees.
Each such Subsidiary Guarantee will be in the form prescribed by this Indenture.

“Subsidiary Guarantor” means each Restricted Subsidiary that provides a Subsidiary Guarantee
in accordance with this Indenture; provided that upon release or discharge of such Restricted
Subsidiary from its Subsidiary Guarantee in accordance with this Indenture, such Restricted
Subsidiary ceases to be a Subsidiary Guarantor.

“TIA” means the Trust Indenture Act of 1939, as amended.

“Trust Officer” shall mean, when used with respect to the Trustee, any officer within the
corporate trust department of the Trustee having direct responsibility for the administration of
this Indenture, or any other officer to whom any corporate trust matter is referred because of such
person’s knowledge of and familiarity with the particular subject.

“Trustee” means the party named as such in this Indenture until a successor replaces it and,
thereafter, means the successor.

“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 of the Company in the manner provided
below; and

(2) any Subsidiary of an Unrestricted Subsidiary.

The Board of Directors of the Company may designate any Subsidiary of the Company (including
any newly acquired or newly formed Subsidiary or a Person becoming a Subsidiary through merger or
consolidation or Investment therein) to be an Unrestricted Subsidiary only if:

(1) such Subsidiary or any of its Subsidiaries does not own any Capital Stock or
Indebtedness of or have any Investment in, or own or hold any Lien on any property of, any
other Subsidiary of the Company which is not a Subsidiary of the Subsidiary to be so
designated or otherwise an Unrestricted Subsidiary;

(2) all the Indebtedness of such Subsidiary and its Subsidiaries shall, at the date of
designation, and will at all times thereafter, consist of Non-Recourse Debt;

(3) such designation and the Investment of the Company in such Subsidiary complies with
Section 3.3;

(4) such Subsidiary, either alone or in the aggregate with all other Unrestricted
Subsidiaries, does not operate, directly or indirectly, all or substantially all of the
business of the Company and its Subsidiaries;

(5) such Subsidiary is a Person with respect to which neither the Company nor any of
its Restricted Subsidiaries has any direct or indirect obligation:

(a) to subscribe for additional Capital Stock of such Person; or

(b) to maintain or preserve such Person’s financial condition or to cause such
Person to achieve any specified levels of operating results; and

(6) on the date such Subsidiary is designated an Unrestricted Subsidiary, such
Subsidiary is not a party to any agreement, contract, arrangement or understanding with the
Company or any Restricted Subsidiary with terms substantially less favorable to the Company
than those that might have been obtained from Persons who are not Affiliates of the Company.

Any such designation by the Board of Directors of the Company shall be evidenced to the
Trustee by filing with the Trustee a Board Resolution giving effect to such designation and an
Officers’ Certificate certifying that such designation complies with the foregoing conditions. If,
at any time, any Unrestricted Subsidiary would fail to meet the foregoing requirements as an
Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of
this Indenture and any Indebtedness of such Subsidiary shall be deemed to be Incurred as of such
date.

The Board of Directors of the Company may designate any Unrestricted Subsidiary to be a
Restricted Subsidiary; provided that immediately after giving effect to such designation, no
Default or Event of Default shall have occurred and be continuing or would occur as a consequence
thereof and the Company could Incur at least $1.00 of additional Indebtedness pursuant to
Section 3.2(a) on a pro forma basis taking into account such designation.

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

“Voting Stock” of a Person means all classes of Capital Stock of such Person then outstanding
and normally entitled to vote in the election of directors, managers or trustees, as applicable.

SECTION 1.2. Other Definitions.

	 	 	 	 	 
	Term	 	Defined in Section
	“Additional Restricted Securities”.

	 	 	2.1	(b)
	“Additional Securities”.

	 	preamble

	“Affiliate Transaction”.

	 	 	3.8	 
	“Agent”.

	 	 	3.12	 
	“Agent Members”.

	 	2.1(e)(iii)

	“Asset Disposition Offer”.

	 	 	3.5	 
	“Asset Disposition Offer Amount”.

	 	 	3.5	 
	“Asset Disposition Purchase Date”.

	 	 	3.5	 
	“Attributable Debt”.

	 	 	4.1	 
	“Authenticating Agent”.

	 	 	2.2	 
	“Change of Control Offer”.

	 	 	3.9	(b)
	“Change of Control Payment”.

	 	 	3.9(b	)(i)
	“Change of Control Payment Date”.

	 	3.9(b)(ii)

	“Company”.

	 	preamble

	“Company Order”.

	 	 	2.2	 
	“Consolidated Total Assets”.

	 	 	4.1	 
	“Covenant Defeasance”.

	 	9.1(b)(ii)

	“cross acceleration provision”.

	 	 	7.1(v	)(B)
	“Defaulted Interest”.

	 	 	2.13	 
	“Event of Default”.

	 	 	7.1	 
	“Excess Proceeds”.

	 	 	3.5	 
	“Exchange Global Note”.

	 	 	2.1	(b)
	“Exchange Securities”.

	 	preamble

	“Global Securities”.

	 	 	2.1	(b)
	“Guaranteed Obligations”.

	 	 	11.1	 
	“Initial Securities”.

	 	preamble

	“Institutional Accredited Investor Global Note”

	 	 	2.1	(b)
	“Institutional Accredited Investor Notes”.

	 	 	2.1	(b)
	“judgment default provision”.

	 	7.1(vii)

	“Legal Defeasance”.

	 	 	9.1(b	)(i)
	“Legal Holiday”.

	 	 	12.8	 
	“Net Rental Payments”.

	 	 	4.1	 
	“original issue discount”.

	 	 	2.1	(g)
	“payment default”.

	 	 	7.1(v	)(A)
	“Paying Agent”.

	 	 	2.3	 
	“Principal Property”.

	 	 	4.1	 
	“Private Placement Legend”.

	 	 	2.1(d	)(1)
	“protected purchaser”.

	 	 	2.9	 
	“Registrar”.

	 	 	2.3	 
	“Regulation S Global Note”.

	 	 	2.1	(b)
	“Regulation S Legend”.

	 	 	2.1(d	)(2)
	“Regulation S Notes”.

	 	 	2.1	(b)
	“Reinstatement Date.

	 	 	3.11	(a)
	“Resale Restriction Termination Date”.

	 	 	2.6	(a)
	“Restricted Payment”.

	 	 	3.3	(a)
	“Restricted Period”.

	 	 	2.6	(c)
	“Restricted Securities”.

	 	 	2.1	(a)
	“Restricted Subsidiary”.

	 	 	4.1	 
	“Rule 144A Global Note”.

	 	 	2.1	(b)
	“Rule 144A Notes”.

	 	 	2.1	(b)
	“Securities”.

	 	preamble

	“Special Interest Payment Date”.

	 	 	2.13	(a)
	“Special Record Date”.

	 	 	2.13	(a)
	“Successor Company”.

	 	 	5.1(a	)(i)
	“Successor Guarantor”.

	 	 	5.1(b)(i	)(A)
	“Suspended Covenants”.

	 	 	3.11	(a)
	“Suspension Period”.

	 	 	3.11	(a)

SECTION 1.3. 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.

“indenture security holder” means a Holder.

“indenture to be qualified” means this Indenture.

“indenture trustee” or “institutional trustee” means the Trustee.

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

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

SECTION 1.4. 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) “including” means including without limitation;

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

(5) all references to the date the Securities were originally issued shall refer to the
Issue Date or the date any Additional Securities were originally issued, as the case may be;

(6) references to sections of or rules under the Securities Act or the Exchange Act, as
the case may be, will be deemed to include substitute, replacement or successor sections or
rules adopted by the SEC from time to time; and

(7) all references herein to particular Sections or Articles shall refer to this
Indenture unless otherwise so indicated.

ARTICLE II

THE SECURITIES

SECTION 2.1. Form, Dating and Terms.

(a) The aggregate principal amount of Securities that may be authenticated and delivered under
this Indenture is unlimited. The Initial Securities issued on the date hereof will be in an
aggregate principal amount of $200,000,000. In addition, the Company may issue, from time to time
in accordance with the provisions of this Indenture, Additional Securities and Exchange Securities.
Furthermore, Securities may be authenticated and delivered upon registration or transfer or in
lieu of other Securities pursuant to Section 2.6, 2.9, 2.11, 6.8 or
10.5 or in connection with an Asset Disposition Offer under Section 3.5 or a Change
of Control Offer pursuant to Section 3.9.

The Initial Securities shall be known and designated as “7.00% Senior Notes due 2019” of the
Company.

With respect to any Additional Securities, the Company shall set forth in (a) a Board
Resolution of the Company and (b) (i) an Officers’ Certificate or (ii) one or more indentures
supplemental hereto, the following information:

(1) the aggregate principal amount of such Additional Securities to be authenticated
and delivered pursuant to this Indenture;

(2) the issue price and the issue date of such Additional Securities, including the
date from which interest shall accrue; and

(3) whether such Additional Securities shall be transfer restricted securities issued
in the form of Exhibit A hereto (“Restricted Securities”) or registered securities
issued in the form of Exhibit B hereto.

The Initial Securities, the Additional Securities and the Exchange Securities shall be
considered collectively as a single class for all purposes of this Indenture. Holders of the
Initial Securities, the Additional Securities and the Exchange Securities will vote and consent
together on all matters to which such Holders are entitled to vote or consent as one class, and
none of the Holders of the Initial Securities, the Additional Securities or the Exchange Securities
shall have the right to vote or consent as a separate class on any matter to which such Holders are
entitled to vote or consent.

(b) The Initial Securities are being offered and sold by the Company pursuant to a Purchase
Agreement, dated March 9, 2011, among the Company, the Subsidiary Guarantors and the Initial
Purchasers. The Initial Securities and any Additional Securities (if issued as Restricted
Securities) (the “Additional Restricted Securities”) will be resold initially only to
(A) QIBs in reliance on Rule 144A and (B) non-U.S. persons in reliance on Regulation S. Such
Initial Securities and Additional Restricted Securities may thereafter be transferred to, among
others, QIBs, purchasers in reliance on Regulation S and IAIs in accordance with Rule 501 of the
Securities Act, in each case, in accordance with the procedures described herein. Additional
Securities offered after the date hereof may be offered and sold by the Company from time to time
pursuant to one or more purchase agreements in accordance with applicable law.

Initial Securities and Additional Restricted Securities offered and sold to QIBs in the United
States of America in reliance on Rule 144A (the “Rule 144A Notes”) shall be issued in the
form of a permanent global Security, without interest coupons, substantially in the form of
Exhibit A, which is hereby incorporated by reference and made a part of this Indenture,
including appropriate legends as set forth under Section 2.1(d) (the “Rule 144A Global
Note”), deposited with the Trustee, as Securities Custodian, duly executed by the Company and
authenticated by the Trustee as hereinafter provided. The Rule 144A Global Note may be represented
by more than one certificate, if so required by DTC’s rules regarding the maximum principal amount
to be represented by a single certificate. The aggregate principal amount of the Rule 144A Global
Note may from time to time be increased or decreased by adjustments made on the Rule 144A Global
Note and on the records of the Trustee, as Securities Custodian or its nominee, as hereinafter
provided.

Initial Securities and Additional Securities offered and sold outside the United States of
America (the “Regulation S Notes”) in reliance on Regulation S shall be issued in the form
of a permanent global Security, without interest coupons, substantially in the form of
Exhibit A including appropriate legends as set forth under Section 2.1(d) (the
“Regulation S Global Note”). The Regulation S Global Note will be deposited upon issuance
with the Trustee, as Securities Custodian, duly executed by the Company and authenticated by the
Trustee as hereinafter provided. During the Restricted Period, interests in the Regulation S
Global Note may be transferred to non-U.S. persons pursuant to Regulation S or to QIBs and IAIs in
accordance with this Indenture. The Regulation S Global Note may be represented by more than one
certificate, if so required by DTC’s rules regarding the maximum principal amount to be represented
by a single certificate. The aggregate principal amount of the Regulation S Global Note may from
time to time be increased or decreased by adjustments made on the Regulation S Global Note and on
the records of the Trustee, as Securities Custodian or its nominee, as hereinafter provided.

Initial Securities and Additional Securities resold to IAIs (the “Institutional Accredited
Investor Notes”) in the United States of America shall be issued in the form of a permanent
global Security, without interest coupons, substantially in the form of Exhibit A including
appropriate legends as set forth under Section 2.1(d) (the “Institutional Accredited
Investor Global Note”) deposited with the Trustee, as Securities Custodian, duly executed by
the Company and authenticated by the Trustee as hereinafter provided. The Institutional Accredited
Investor Global Note may be represented by more than one certificate, if so required by DTC’s rules
regarding the maximum principal amount to be represented by a single certificate. The aggregate
principal amount of the Institutional Accredited Investor Global Note may from time to time be
increased or decreased by adjustments made on the Institutional Accredited Investor Note and on the
records of the Trustee, as Securities Custodian or its nominee, as hereinafter provided.

Exchange Securities exchanged for interests in the Rule 144A Notes, the Regulation S Notes and
the Institutional Accredited Investor Notes will be issued in the form of a permanent global
Security, without interest coupons, substantially in the form of Exhibit B, which is hereby
incorporated by reference and made a part of this Indenture, deposited with the Trustee as
hereinafter provided, including the appropriate legend set forth under Section 2.1(d) (the
“Exchange Global Note”). The Exchange Global Note will be deposited upon issuance with, or
on behalf of, the Trustee as Securities Custodian, duly executed by the Company and authenticated
by the Trustee as hereinafter provided. The Exchange Global Note may be represented by more than
one certificate, if so required by DTC’s rules regarding the maximum principal amount to be
represented by a single certificate.

The Rule 144A Global Note, the Regulation S Global Note, the Institutional Accredited Investor
Global Note and the Exchange Global Note are sometimes collectively herein referred to as the
“Global Securities.”

The principal of (and premium, if any) and interest on the Securities shall be payable at the
office or agency of the Company maintained for such purpose in the Borough of Manhattan, The City
of New York, State of New York, or at such other office or agency of the Company as may be
maintained for such purpose pursuant to Section 2.3; provided, however, that, at the option
of the Company, each installment of interest may be paid by (i) check mailed to addresses of the
Persons entitled thereto as such addresses shall appear on the Securities Register or (ii) wire
transfer to an account located in the United States maintained by the payee. Payments in respect
of Securities represented by a Global Security (including principal, premium, if any, and interest)
will be made by wire transfer of immediately available funds to the accounts specified by DTC.
Payments in respect of Securities represented by Definitive Securities (including principal,
premium, if any, and interest) held by a Holder of at least $1,000,000 aggregate principal amount
of Securities represented by Definitive Securities 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 15 days immediately preceding the relevant due date for
payment (or such other date as the Trustee may accept in its discretion).

The Securities may have notations, legends or endorsements required by law, stock exchange
rule or usage, in addition to those set forth on Exhibit A and Exhibit B and under
Section 2.1(d). The Company and the Trustee shall approve the forms of the Securities and
any notation, endorsement or legend on them. Each Security shall be dated the date of its
authentication. The terms of the Securities set forth in Exhibit A and Exhibit B
are part of the terms of this Indenture and, to the extent applicable, the Company and the Trustee
by their execution and delivery of this Indenture, expressly agree to be bound by such terms.

(c) Denominations. The Securities shall be issuable only in fully registered form,
without interest coupons, and only in denominations of $2,000 and integral multiples of $1,000 in
excess thereof.

(d) Restrictive Legends. Unless and until (i) an Initial Security is sold under an
effective registration statement or (ii) an Initial Security is exchanged for an Exchange Security
in connection with an effective registration statement, in each case pursuant to the Registration
Rights Agreement or a similar agreement,

(1) the Rule 144A Global Note and the Institutional Accredited Investor Global Note
shall bear the following legend (the “Private Placement Legend”) on the face
thereof:

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS
SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED,
TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH
REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH
REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN
BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO
OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION
TERMINATION DATE”) THAT IS ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE
ORIGINAL ISSUE DATE OF ANY ADDITIONAL NOTES AND THE LAST DATE ON WHICH THE ISSUER OR ANY
AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH
SECURITY), ONLY (A) TO THE ISSUER OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION
STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE
SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED
IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON
RULE 144A, (D) PURSUANT TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES TO NON-U.S.
PERSONS, IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL
“ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) UNDER THE
SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS
OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN
A MINIMUM PRINCIPAL AMOUNT OF THE SECURITIES OF $250,000, OR (F) PURSUANT TO ANOTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE
ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO
CLAUSE (D), (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/
OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE
REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.

BY ITS ACQUISITION OF THIS SECURITY, THE HOLDER HEREOF WILL BE DEEMED TO HAVE REPRESENTED
AND WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR
HOLD THIS SECURITY CONSTITUTES ASSETS OF ANY EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE
I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), ANY
PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF
THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR PROVISIONS UNDER ANY
OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH
PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”) OR ANY ENTITY WHOSE UNDERLYING ASSETS ARE
CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT OR (2) THE
ACQUISITION AND HOLDING OF THIS SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED
TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION
UNDER ANY APPLICABLE SIMILAR LAWS.

(2) the Regulation S Global Note shall bear the following legend (the “Regulation S
Legend”) on the face thereof:

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS
SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED,
TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH
REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH
REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN
BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO
OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION
TERMINATION DATE”) THAT IS 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND
THE DATE ON WHICH THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) WAS FIRST OFFERED TO
PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) IN
RELIANCE ON REGULATION S UNDER THE SECURITIES ACT, ONLY (A) TO THE ISSUER OR ANY SUBSIDIARY
THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER
THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO
RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON IT REASONABLY BELIEVES IS A
“QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT
OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE
TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES THAT
OCCUR OUTSIDE THE UNITED STATES TO NON-U.S. PERSONS, IN COMPLIANCE WITH REGULATION S UNDER
THE SECURITIES ACT, (E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF
RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED
INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF
ANOTHER INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF
THE SECURITIES OF $250,000, OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S
RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (D), (E) OR (F) TO
REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION
SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER
AFTER THE RESALE RESTRICTION TERMINATION DATE. BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF
REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S.
PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH
REGULATION S UNDER THE SECURITIES ACT.

BY ITS ACQUISITION OF THIS SECURITY, THE HOLDER HEREOF WILL BE DEEMED TO HAVE REPRESENTED
AND WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR
HOLD THIS SECURITY CONSTITUTES ASSETS OF ANY EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE
I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), ANY
PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF
THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR PROVISIONS UNDER ANY
OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH
PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”) OR ANY ENTITY WHOSE UNDERLYING ASSETS ARE
CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT OR (2) THE
ACQUISITION AND HOLDING OF THIS SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED
TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION
UNDER ANY APPLICABLE SIMILAR LAWS.

(3) Each Global Security, whether or not an Initial Security, shall bear the following
legend on the face thereof:

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 ISSUER OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN
THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF DTC (AND ANY PAYMENT 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 DTC, 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.

(e) Book-Entry Provisions.

(i) This Section 2.1(e) shall apply only to Global Securities deposited with
the Trustee, as Securities Custodian.

(ii) Each Global Security initially shall (x) be registered in the name of DTC or the
nominee of DTC, (y) be delivered to the Trustee as Securities Custodian and (z) bear legends
as set forth under Section 2.1(d).

(iii) Members of, or participants in, DTC (“Agent Members”) shall have no
rights under this Indenture with respect to any Global Security held on their behalf by DTC
or by the Trustee as Securities Custodian or under such Global Security, and DTC may be
treated by the Company, the Trustee and any agent of the Company or the Trustee 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 DTC or impair, as between DTC and its Agent Members, the operation of customary
practices of DTC governing the exercise of the rights of a Holder of a beneficial interest
in any Global Security.

(iv) In connection with any transfer of a portion of the beneficial interest in a
Global Security pursuant to subsection (f) of this Section 2.1 to beneficial owners
who are required to hold Definitive Securities, the Securities Custodian shall reflect on
its books and records the date and a decrease in the principal amount of such Global
Security in an amount equal to the principal amount of the beneficial interest in the Global
Security to be transferred, and the Company shall execute, and the Trustee shall
authenticate and make available for delivery, one or more Definitive Securities of like
tenor and amount.

(v) In connection with the transfer of an entire Global Security to beneficial owners
pursuant to subsection (f) of this Section 2.1, such Global Security shall be deemed
to be surrendered to the Trustee for cancellation, and the Company shall execute, and the
Trustee shall authenticate and make available for delivery, to each beneficial owner
identified by DTC in exchange for its beneficial interest in such Global Security, an equal
aggregate principal amount of Definitive Securities of authorized denominations.

(vi) The registered Holder of a Global Security may 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 this Indenture or
the Securities.

(vii) Any Holder of a Global Security shall, by acceptance of such Global Security,
agree that transfers of beneficial interests in such Global Security may be effected only
through a book-entry system maintained by (a) the Holder of such Global Security (or its
agent) or (b) any Holder of a beneficial interest in such Global Security, and that
ownership of a beneficial interest in such Global Security shall be required to be reflected
in a book entry.

(f) Definitive Securities.

(i) Except as provided below, owners of beneficial interests in Global Securities will
not be entitled to receive Definitive Securities. If required to do so pursuant to any
applicable law or regulation, beneficial owners may obtain Definitive Securities in exchange
for their beneficial interests in a Global Security upon written request in accordance with
DTC’s and the Registrar’s procedures. In addition, Definitive Securities shall be
transferred to all beneficial owners in exchange for their beneficial interests in a Global
Security if (A) DTC notifies the Company at any time that it is unwilling or unable to
continue as depositary for such Global Security or DTC ceases to be a clearing agency
registered under the Exchange Act, at a time when DTC is required to be so registered in
order to act as depositary, and in each case a successor depositary is not appointed by the
Company within 90 days of such notice or (B) the Company in its sole discretion executes and
delivers to the Trustee and Registrar an Officers’ Certificate stating that such Global
Security shall be so exchangeable or (C) an Event of Default has occurred and is continuing
and the Registrar has received a request from DTC. In the event of the occurrence of any of
the events specified in clause (A), (B) or (C) of the preceding sentence, the Company shall
promptly make available to the Trustee a reasonable supply of Definitive Securities in fully
registered form without interest coupons.

(ii) Any Definitive Security delivered in exchange for an interest in a Global Security
pursuant to Section 2.1(e)(iv) or (v) shall, except as otherwise provided by
Section 2.6(c), bear the applicable legend regarding transfer restrictions
applicable to the Definitive Security set forth under Section 2.1(d).

(iii) In connection with the exchange of a portion of a Definitive Security for a
beneficial interest in a Global Security, the Trustee shall cancel such Definitive Security,
and the Company shall execute, and the Trustee shall authenticate and make available for
delivery, to the transferring Holder a new Definitive Security representing the principal
amount not so transferred.

(g) OID Legend. Each Security issued with “original issue discount” as
defined in Section 1273 of the Code, whether an Initial Security, Additional Security or Exchange
Security, shall bear the following legend on the face thereof:

THIS SECURITY WAS ISSUED WITH “ORIGINAL ISSUE DISCOUNT” AS DEFINED IN SECTION 1273 OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED. YOU MAY OBTAIN INFORMATION REGARDING THE AMOUNT
OF ORIGINAL ISSUE DISCOUNT, THE ISSUE PRICE, THE ISSUE DATE AND THE YIELD TO MATURITY BY
CONTACTING THE CHIEF FINANCIAL OFFICER OF DELUXE CORPORATION AT 3680 VICTORIA ST. N.,
SHOREVIEW, MINNESOTA 55126-2966, OR AT (651) 483-7111.

SECTION 2.2. Execution and Authentication. One 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
authenticates the Security. The signature of the Trustee on a Security shall be conclusive
evidence that such Security has been duly and validly authenticated and issued under this
Indenture. A Security shall be dated the date of its authentication.

At any time and from time to time after the execution and delivery of this Indenture, the
Trustee shall authenticate and make available for delivery: (1) Initial Securities for original
issue on the Issue Date in an aggregate principal amount of $200,000,000, (2) subject to the terms
of this Indenture, Additional Securities for original issue in an unlimited principal amount and
(3) Exchange Securities for issue only in an Exchange Offer or upon resale under an effective shelf
registration statement, and only in exchange for Initial Securities or Additional Securities of an
equal principal amount, in each case upon a written order of the Company signed by one Officer of
the Company (the “Company Order”). Such Company Order shall specify whether the Securities
will be in the form of Definitive Securities or Global Securities, the amount of the Securities to
be authenticated, the date on which the original issue of Securities is to be authenticated and
whether the Securities are to be Initial Securities, Additional Securities or Exchange Securities.

The Trustee may appoint an agent (the “Authenticating Agent”) reasonably acceptable to
the Company to authenticate the Securities. Any such appointment shall be evidenced by an
instrument signed by a Trust Officer, a copy of which shall be furnished to the Company. Unless
limited by the terms of such appointment, any such Authenticating Agent may authenticate Securities
whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee
includes authentication by the Authenticating Agent. An Authenticating Agent has the same rights
as any Registrar, Paying Agent or agent for service of notices and demands.

In case the Company, pursuant to Article V, shall be consolidated or merged with or
into any other Person or shall convey, transfer, lease or otherwise dispose of its properties and
assets substantially as an entirety to any Person, and the successor Person resulting from such
consolidation, or surviving such merger, or into which the Company shall have been merged, or the
Person which shall have received a conveyance, transfer, lease or other disposition as aforesaid,
shall have executed an indenture supplemental hereto with the Trustee pursuant to
Article V, any of the Securities authenticated or delivered prior to such consolidation,
merger, conveyance, transfer, lease or other disposition may, from time to time, at the request of
the successor Person, be exchanged for other Securities executed in the name of the successor
Person with such changes in phraseology and form as may be appropriate, but otherwise in substance
of like tenor as the Securities surrendered for such exchange and of like principal amount; and the
Trustee, upon Company Order of the successor Person, shall authenticate and make available for
delivery Securities as specified in such order for the purpose of such exchange. If Securities
shall at any time be authenticated and delivered in any new name of a successor Person pursuant to
this Section 2.2 in exchange or substitution for or upon registration of transfer of any
Securities, such successor Person, at the option of the Holders but without expense to them, shall
provide for the exchange of all Securities at the time outstanding for Securities authenticated and
delivered in such new name.

SECTION 2.3. Registrar and Paying Agent. The Company shall maintain an office or
agency where Securities may be presented for registration of transfer or for exchange (the
“Registrar”) and an office or agency where Securities may be presented for payment (the
“Paying Agent”). The Company shall cause each of the Registrar and the Paying Agent to
maintain an office or agency in New York, New York. 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, and the term “Registrar” includes any co-registrar.

The Company shall enter into an appropriate agency agreement with any Registrar or Paying
Agent 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 each 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 8.7. The Company or any of the Company’s
Restricted Subsidiaries organized in the United States may act as Paying Agent, Registrar or
transfer agent.

The Company initially appoints the Trustee as Registrar and Paying Agent for the Securities.
The Company may remove any Registrar or Paying Agent without notice to any Holder upon written
notice to such Registrar or Paying Agent and to the Trustee; provided, however, that no such
removal shall become effective until (i) acceptance of any appointment by a successor as evidenced
by an appropriate agreement entered into by the Company and such successor Registrar or Paying
Agent, as the case may be, and delivered to the Trustee or (ii) notification to the Trustee that
the Trustee shall serve as Registrar or Paying Agent until the appointment of a successor in
accordance with clause (i) above. The Registrar or Paying Agent may resign at any time upon
written notice to the Company and the Trustee.

SECTION 2.4. Paying Agent to Hold Money in Trust. By no later than 10:00 a.m. (New
York City time) on the date on which any principal of, premium, if any, or interest on any Security
is due and payable, the Company shall deposit with the Paying Agent a sum sufficient in immediately
available funds to pay such principal, premium, if any, or interest when due. The Company shall
require each Paying Agent (other than the Trustee) to agree in writing that such Paying Agent shall
hold in trust for the benefit of the Holders or the Trustee all money held by such Paying Agent for
the payment of principal of or premium, if any, or interest on the Securities (whether such assets
have been distributed to it by the Company or other obligors on the Securities) and shall notify
the Trustee in writing of any default by the Company in making any such payment. The Company at
any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the
Trustee and to account for any funds or assets disbursed by such Paying Agent. Upon complying with
this Section 2.4, the Paying Agent shall have no further liability for the money delivered
to the Trustee. Upon any bankruptcy, reorganization or similar proceeding with respect to the
Company, the Trustee shall serve as Paying Agent for the Securities.

SECTION 2.5. Holder 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 Holders
and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, or to the
extent otherwise required under the TIA, the Company, on its own behalf and on behalf of each of
the Subsidiary Guarantors shall furnish or cause the Registrar to 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 the Holders, and the Company and the Subsidiary
Guarantors shall otherwise comply with TIA § 312(a).

SECTION 2.6. Transfer and Exchange.

(a) The following provisions shall apply with respect to any proposed transfer of a Rule 144A
Note or an Institutional Accredited Investor Note prior to the date which is one year after the
later of the date of its original issue, the original issue date of any Additional Securities and
the last date on which the Company or any Affiliate of the Company was the owner of such Securities
(or any predecessor thereto) (the “Resale Restriction Termination Date”):

(i) a transfer of a Rule 144A Note or an Institutional Accredited Investor Note or a
beneficial interest therein to a QIB shall be made upon the representation of the
transferee, in the form of assignment as set forth on the reverse of the Security, that it
is purchasing the 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, 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 its foregoing representations in order to claim the exemption from registration
provided by Rule 144A;

(ii) a transfer of a Rule 144A Note or an Institutional Accredited Investor Note or a
beneficial interest therein to an IAI shall be made upon receipt by the Trustee or its agent
of a certificate substantially in the form set forth under Section 2.7 from the
proposed transferee and, if requested by the Company or the Trustee, the receipt by the
Trustee or its agent of an Opinion of Counsel, certification and/or other information
satisfactory to each of them; and

(iii) a transfer of a Rule 144A Note or an Institutional Accredited Investor Note or a
beneficial interest therein to a non-U.S. person shall be made upon receipt by the Trustee
or its agent of a certificate substantially in the form set forth under Section 2.8
from the proposed transferor and, if requested by the Company or the Trustee, the delivery
of an Opinion of Counsel, certification and/or other information satisfactory to each of
them.

After the Resale Restriction Termination Date, interests in a Rule 144A Note or an
Institutional Accredited Investor Note may be transferred in accordance with applicable law without
requiring the certifications set forth under Section 2.7 or Section 2.8 or any
additional certification.

(b) The following provisions shall apply with respect to any proposed transfer of a
Regulation S Note prior to the date which is forty days after the later of the date of its original
issue and the date on which such Security (or any predecessor thereto) was first offered to a
Person other than a distributor (as defined in Regulation S) in reliance on Regulation S (the
“Restricted Period”):

(i) a transfer of a Regulation S Note or a beneficial interest therein to a QIB shall
be made upon the representation of the transferee, in the form of assignment as set forth on
the reverse of the Security, that it is purchasing the 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 QIB, 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 its foregoing
representations in order to claim the exemption from registration provided by Rule 144A;

(ii) a transfer of a Regulation S Note or a beneficial interest therein to an IAI shall
be made upon receipt by the Trustee or its agent of a certificate substantially in the form
set forth under Section 2.7 from the proposed transferee and, if requested by the
Company or the Trustee, the delivery of an Opinion of Counsel, certification and/or other
information satisfactory to each of them; and

(iii) a transfer of a Regulation S Note or a beneficial interest therein to a non-U.S.
person shall be made upon receipt by the Trustee or its agent of a certificate substantially
in the form set forth under Section 2.8 hereof from the proposed transferor and, if
requested by the Company or the Trustee, receipt by the Trustee or its agent of an Opinion
of Counsel, certification and/or other information satisfactory to each of them.

After the expiration of the Restricted Period, interests in the Regulation S Note may be
transferred in accordance with applicable law without requiring the certifications set forth under
Section 2.7 or Section 2.8 or any additional certification.

(c) Restricted Securities Legend. Upon the transfer, exchange or replacement of
Securities not bearing a Restricted Securities legend, the Registrar shall deliver Securities that
do not bear a Restricted Securities legend. Upon the transfer, exchange or replacement of
Securities bearing a Restricted Securities legend, the Registrar shall deliver only Securities that
bear a Restricted Securities legend unless (i) Initial Securities are being exchanged for Exchange
Securities in an Exchange Offer, in which case the Exchange Securities shall not bear a Restricted
Securities legend, (ii) an Initial Security is being transferred pursuant to a shelf registration
statement or other effective registration statement or (iii) there is delivered to the Registrar an
Opinion of Counsel reasonably satisfactory to the Company and the Trustee to the effect that
neither such legend nor the related restrictions on transfer are required in order to maintain
compliance with the provisions of the Securities Act. Any Additional Securities sold in a
registered offering shall not be required to bear a Restricted Securities legend.

(d) The Registrar shall retain copies of all letters, notices and other written communications
received pursuant to Section 2.1 or this Section 2.6. The Company shall have the
right to inspect and make copies of all such letters, notices or other written communications at
any reasonable time upon the giving of reasonable prior written notice to the Registrar.

(e) Obligations with Respect to Transfers and Exchanges of Securities.

(i) To permit registrations of transfers and exchanges, the Company shall, subject to
the other terms and conditions of this Article II, execute, and the Trustee shall
authenticate, Definitive Securities and Global Securities at the Registrar’s request.

(ii) No service charge shall be made to a Holder for any registration of transfer or
exchange, but the Company or the Trustee may require the Holder to pay a sum sufficient to
cover any transfer tax, assessment or similar governmental charge payable in connection
therewith (other than any such transfer taxes, assessments or similar governmental charges
payable upon exchange pursuant to Section 9.5).

(iii) The Company (and the Registrar) shall not be required to register the transfer of
or exchange of any Security for (i) a period beginning 15 days before the mailing of a
notice of an offer to repurchase or redeem the selection of Securities to be redeemed and
ending at the close of business on the day of such mailing or (ii) a period of 15 days
before a record date for the period of interest and ending on the applicable succeeding
interest payment date. The Company (and the Registrar) shall not be required to register
the transfer of or exchange of any Security selected for redemption.

(iv) Prior to the due presentation for registration of transfer of any Security, the
Company, the Trustee, the Paying Agent or the Registrar may deem and treat the person in
whose name a Security is registered as the absolute owner of such Security for the purpose
of receiving payment of principal of, premium, if any, and interest on such Security and for
all other purposes whatsoever, including the transfer or exchange of such Security, whether
or not such Security is overdue, and none of the Company, the Trustee, the Paying Agent or
the Registrar shall be affected by notice to the contrary.

(v) All Securities issued upon any DTC registration of transfer or exchange pursuant to
the terms of this Indenture shall evidence the same debt and shall be entitled to the same
benefits under this Indenture as the Securities surrendered upon such DTC registration of
transfer or exchange.

(f) 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, DTC or other Person with respect to the
accuracy of the records of DTC 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 DTC) of any notice
(including any notice of redemption) or the payment of any amount or delivery of any
Securities (or other security or property) 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
in respect of the Securities shall be given or made only to or upon the order of the
registered Holders (which shall be DTC or its nominee in the case of a Global Security).
The rights of beneficial owners in any Global Security shall be exercised only through DTC
subject to the applicable rules and procedures of DTC. The Trustee may rely and shall be
fully protected in relying upon information furnished by DTC 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 imposed under this Indenture or under
applicable law with respect to any transfer of any interest in any Security (including any
transfers between or among DTC 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 this Indenture, and to examine the same to determine substantial compliance as to
form with the express requirements hereof.

SECTION 2.7. Form of Certificate to be Delivered in Connection with Transfers to IAIs.

[Date]

U.S. Bank National Association

Corporate Trust Services

2nd Floor

FAST/DWAC Unit

St. Paul, MN 55107

	 	 	 
	Re:

	 	Deluxe Corporation

7.00% Senior Notes due 2019
	
 
	 	 

Ladies and Gentlemen:

This certificate is delivered to request a transfer of $      principal amount of the
7.00% Senior Notes due 2019 (the “Securities”) of Deluxe Corporation (the
“Company”).

Upon transfer, the Securities would be registered in the name of the new beneficial owner as
follows:

Name:

Address:

Taxpayer ID Number:

The undersigned represents and warrants to you that:

1. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or
(7) under the Securities Act of 1933, as amended (the “Securities Act”)), purchasing for
our own account or for the account of such an institutional “accredited investor” at least $250,000
principal amount of the Securities, and we are acquiring the Securities not with a view to, or for
offer or sale in connection with, any distribution in violation of the Securities Act. We have
such knowledge and experience in financial and business matters as to be capable of evaluating the
merits and risk of our investment in the Securities, and we invest in or purchase securities
similar to the Securities in the normal course of our business. We and any accounts for which we
are acting are each able to bear the economic risk of our or its investment.

2. We understand that the Securities have not been registered under the Securities Act (or the
securities laws of any state or other jurisdiction) and, unless so registered, may not be
reoffered, sold, assigned, transferred, pledged, encumbered or otherwise disposed of except as
permitted in the following sentence. We agree on our own behalf and on behalf of any investor
account for which we are purchasing Securities to offer, sell or otherwise transfer such Securities
prior to the date that is one year after the later of the date of original issue, the original
issue date of any additional Securities and the last date on which the Company or any affiliate of
the Company was the owner of such Securities (or any predecessor thereto) (the “Resale
Restriction Termination Date”) only (a) to the Company or any of its subsidiaries, (b) pursuant
to a registration statement that has been declared effective under the Securities Act, (c) for so
long as the Securities are eligible for resale pursuant to Rule 144A under the Securities Act, in a
transaction complying with the requirements of Rule 144A under the Securities Act, to a person we
reasonably believe is a “qualified institutional buyer” under Rule 144A under the Securities Act (a
“QIB”) that is purchasing for its own account or for the account of a QIB and to whom
notice is given that the transfer is being made in reliance on Rule 144A, (d) pursuant to offers
and sales that occur outside the United States to non-U.S. persons, in compliance with Regulation S
under the Securities Act, (e) to an institutional “accredited investor” within the meaning of
Rule 501(a)(1), (2), (3) or (7) under the Securities Act that is not a QIB and is purchasing for
its own account or for the account of another institutional “accredited investor,” in each case in
a minimum principal amount of Securities of $250,000, for investment purposes and not with a view
to or for offer or sale in connection with any distribution in violation of the Securities Act or
(f) pursuant to any other available exemption from the registration requirements of the Securities
Act, subject in each of the foregoing cases to any requirement of law that the disposition of our
property or the property of such investor account or accounts be at all times within our or their
control and in compliance with any applicable state securities laws. The foregoing restrictions on
resale will not apply subsequent to the Resale Restriction Termination Date. If any resale or
other transfer of the Securities is proposed to be made pursuant to clause (e) above prior to the
Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee
substantially in the form of this letter to the Company and U.S. Bank National Association, as
trustee (the “Trustee”), which shall provide, among other things, that the transferee is an
institutional “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3) or (7) under
the Securities Act) and that it is acquiring such Securities for investment purposes and not for
distribution in violation of the Securities Act. Each purchaser acknowledges that the Company and
the Trustee reserve the right prior to any offer, sale or other transfer prior to the Resale
Termination Date of the Securities pursuant to clause (d), (e) or (f) above to require the delivery
of an opinion of counsel, certifications and/or other information satisfactory to the Company and
the Trustee.

3. We [are] [are not] an affiliate of the Company.

The Trustee and the Company are entitled to rely upon this letter and are irrevocably
authorized to produce this letter or a copy hereof to any interested party in any administrative or
legal proceedings or official inquiry with respect to the matters covered hereby.

TRANSFEREE:      

BY:      

cc: Deluxe Corporation

SECTION 2.8. Form of Certificate to be Delivered in Connection with Transfers Pursuant to
Regulation S.

[Date]

U.S. Bank National Association

Corporate Trust Services

2nd Floor

FAST/DWAC Unit

St. Paul, MN 55107

	 	 	 
	Re:

	 	Deluxe Corporation

7.00% Senior Notes due 2019
	
 
	 	 

Ladies and Gentlemen:

In connection with our proposed sale of $      aggregate principal amount of the 7.00%
Senior Notes due 2019 (the “Securities”) of Deluxe Corporation (the “Company”), we
confirm that such sale has been effected pursuant to and in accordance with Regulation S under the
United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly,
we represent that:

(a) the offer of the Securities was not made to a person in the United States;

(b) either (i) at the time the buy order was originated, the transferee was outside the
United States or we and any person acting on our behalf reasonably believed that the
transferee was outside the United States or (ii) the transaction was executed in, on or
through the facilities of a designated off-shore securities market and neither we nor any
person acting on our behalf knows that the transaction has been pre-arranged with a buyer in
the United States;

(c) no directed selling efforts have been made in the United States in contravention of
the requirements of Rule 903(a)(2) or Rule 904(a)(2) of Regulation S, as applicable; and

(d) the transaction is not part of a plan or scheme to evade the registration
requirements of the Securities Act.

In addition, if the sale is made during a restricted period and the provisions of
Rule 903(b)(2) or Rule 904(b)(1) of Regulation S are applicable thereto, we confirm that such sale
has been made in accordance with the applicable provisions of Rule 903(b)(2) or Rule 904(b)(1), as
the case may be.

We also hereby certify that we [are] [are not] an affiliate of the Company and, to our
knowledge, the transferee of the Securities [is] [is not] an affiliate of the Company.

U.S. Bank National Association as Trustee, and the Company are entitled to rely upon this
letter and are irrevocably authorized to produce this letter or a copy hereof to any interested
party in any administrative or legal proceedings or official inquiry with respect to the matters
covered hereby. Terms used in this certificate have the meanings set forth in Regulation S.

Very truly yours,

[Name of Transferor]

By:      

      

Authorized Signature

cc: Deluxe Corporation

SECTION 2.9. Mutilated, Destroyed, Lost or Stolen Securities. If a mutilated Security
is surrendered to the Registrar or if the Holder 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, such that the
Holder (a) notifies the Company or the Trustee within a reasonable time after such Holder has
notice of such loss, destruction or wrongful taking and the Registrar has not registered a transfer
prior to receiving such notification, (b) makes such request to the Company or the Trustee prior to
the Security being acquired by a protected purchaser as defined in Section 8-303 of the Uniform
Commercial Code (a “protected purchaser”) and (c) satisfies any other reasonable
requirements of the Trustee. If required by the Trustee or the Company, such Holder shall furnish
an indemnity bond sufficient in the judgment of the Company and the Trustee to protect the Company,
the Trustee, the Paying Agent and the Registrar from any loss which any of them may suffer if a
Security is replaced, and, in the absence of notice to the Company, any Subsidiary Guarantor or the
Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute
and, upon receipt of a Company Order, the Trustee shall authenticate and make available for
delivery, in exchange for any such mutilated Security or in lieu of any such destroyed, lost or
stolen Security, a new Security of like tenor and principal amount, bearing a number not
contemporaneously outstanding.

In case any such mutilated, destroyed, lost or stolen Security has become or is about to
become due and payable, the Company in its discretion may, instead of issuing a new Security, pay
such Security.

Upon the issuance of any new Security under this Section, the Company may require that such
Holder pay a sum sufficient to cover any tax or other governmental charge that may be imposed in
relation thereto and any other expenses (including the fees and expenses of counsel and of the
Trustee) in connection therewith.

Every new Security issued pursuant to this Section in lieu of any mutilated, destroyed, lost
or stolen Security shall constitute an original additional contractual obligation of the Company,
any Subsidiary Guarantor and any other obligor upon the Securities, whether or not the mutilated,
destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be
entitled to all benefits of this Indenture equally and proportionately with any and all other
Securities duly issued hereunder.

The provisions of this Section are exclusive and shall preclude (to the extent lawful) all
other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost
or stolen Securities.

SECTION 2.10. Outstanding Securities. Securities outstanding at any time are all
Securities authenticated by the Trustee except for those cancelled 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 in the event either of the Company or an Affiliate of the Company holds the
Security; provided, however, that (i) for purposes of determining which are outstanding for consent
or voting purposes hereunder, the provisions of Section 12.6 shall apply and (ii) in
determining whether the Trustee shall be protected in making a determination whether the Holders of
the requisite principal amount of outstanding Securities are present at a meeting of Holders of
Securities for quorum purposes or have consented to or voted in favor of any request, demand,
authorization, direction, notice, consent, waiver, amendment or modification hereunder, or relying
upon any such quorum, consent or vote, only Securities which a Trust Officer of the Trustee
actually knows to be held by the Company or an Affiliate of the Company shall not be considered
outstanding.

If a Security is replaced pursuant to Section 2.9 (other than a mutilated Security
surrendered for replacement), it ceases to be outstanding and interest on it ceases to accrue
unless the Trustee and the Company receive proof satisfactory to them that the replaced Security is
held by a protected purchaser. A mutilated Security ceases to be outstanding upon surrender of
such Security and replacement pursuant to Section 2.9.

Securities, or portions thereof, for whose payment, redemption or purchase (including pursuant
to an Asset Disposition Offer or Change of Control Offer, but not including pursuant to Section
9.2(b) hereof) money in the necessary amount has been theretofore deposited with the Trustee or
any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the
Company (if the Company shall act as Paying Agent) for the Holders of such Securities cease to be
outstanding at the time such Securities are accepted for payment in accordance with the provisions
of this Indenture.

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, premium, if any, and
accrued interest payable on that date with respect to the Securities (or portions thereof) to be
redeemed or maturing, as the case may be, and the Paying Agent is not prohibited from paying such
money to the Holders on that date pursuant to the terms of this Indenture, then on and after that
date such Securities (or portions thereof) cease to be outstanding and interest on them ceases to
accrue.

SECTION 2.11. Temporary Securities. In the event that Definitive Securities are to be
issued under the terms of this Indenture, until such 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, and shall carry all rights, 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. After the preparation of Definitive Securities, the temporary Securities shall be
exchangeable for Definitive Securities upon surrender of the temporary Securities at any office or
agency maintained by the Company for that purpose and such exchange shall be without charge to the
Holder. Upon surrender for cancellation of any one or more temporary Securities, the Company shall
execute, and the Trustee shall authenticate and make available for delivery in exchange therefor,
one or more Definitive Securities representing an equal principal amount of Securities. Until so
exchanged, the Holder of temporary Securities shall in all respects be entitled to the same
benefits under this Indenture as a Holder of Definitive Securities.

SECTION 2.12. 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. The Trustee and
no one else shall cancel all Securities surrendered for registration of transfer, exchange, payment
or cancellation and dispose of such Securities in accordance with its internal policies and
customary procedures and shall deliver canceled Securities to the Company pursuant to written
direction by an Officer of the Company. If the Company acquires any of the Securities, such
acquisition shall not operate as a redemption or satisfaction of the Indebtedness represented by
such Securities unless and until the same are surrendered to the Trustee for cancellation pursuant
to this Section 2.12. The Company may not issue new Securities to replace Securities it
has paid or delivered to the Trustee for cancellation for any reason other than in connection with
a transfer or exchange.

At such time as all beneficial interests in a Global Security have either been exchanged for
Definitive Securities, transferred, redeemed, repurchased or canceled, such Global Security shall
be returned by DTC to the Trustee 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
Definitive Securities, transferred in exchange for an interest in another Global Security,
redeemed, repurchased 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.

SECTION 2.13. Payment of Interest; Defaulted Interest. Interest on any Security which
is payable, and is punctually paid or duly provided for, on any interest payment date shall be paid
to the Person in whose name such Security (or one or more predecessor Securities) is registered at
the close of business on the regular record date for such payment at the office or agency of the
Company maintained for such purpose pursuant to Section 2.3.

Any interest on any Security which is payable, but is not paid when the same becomes due and
payable and such nonpayment continues for a period of 30 days shall forthwith cease to be payable
to the Holder on the regular record date, and such defaulted interest and (to the extent lawful)
interest on such defaulted interest at the rate borne by the Securities (such defaulted interest
and interest thereon herein collectively called “Defaulted Interest”) shall be paid by the
Company, at its election in each case, as provided in clause (a) or (b) below:

(a) The Company may elect to make payment of any Defaulted Interest to the Persons in
whose names the Securities (or their respective predecessor Securities) are registered at
the close of business on a Special Record Date (as defined below) for the payment of such
Defaulted Interest, which shall be fixed in the following manner. The Company shall notify
the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each
Security and the date (not less than 30 days after such notice) of the proposed payment (the
“Special Interest Payment Date”), and at the same time the Company shall deposit
with the Trustee an amount of money equal to the aggregate amount proposed to be paid in
respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee
for such deposit prior to the date of the proposed payment, such money when deposited to be
held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this
clause provided. Thereupon the Trustee shall fix a record date (the “Special Record
Date”) for the payment of such Defaulted Interest, which date shall be not more than
15 days and not less than 10 days prior to the Special Interest Payment Date and not less
than 10 days after the receipt by the Trustee of the notice of the proposed payment. The
Trustee shall promptly notify the Company of such Special Record Date and, in the name and
at the expense of the Company, shall cause notice of the proposed payment of such Defaulted
Interest and the Special Record Date and Special Interest Payment Date therefor to be given
in the manner provided for under Section 12.6 not less than 10 days prior to such
Special Record Date. Notice of the proposed payment of such Defaulted Interest and the
Special Record Date and Special Interest Payment Date therefor having been so given, such
Defaulted Interest shall be paid on the Special Interest Payment Date to the Persons in
whose names the Securities (or their respective predecessor Securities) are registered at
the close of business on such Special Record Date and shall no longer be payable pursuant to
the following clause (b).

(b) The Company may make payment of any Defaulted Interest in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the Securities
may be listed, and upon such notice as may be required by such exchange, if, after notice
given by the Company to the Trustee of the proposed payment pursuant to this clause, such
manner of payment shall be deemed practicable by the Trustee.

Subject to the foregoing provisions of this Section, each Security delivered under this
Indenture upon registration of, transfer of or in exchange for or in lieu of any other Security
shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such
other Security.

SECTION 2.14. Computation of Interest. Interest on the Securities will be computed on
the basis of a 360-day year consisting of twelve 30-day months, as provided in Section 1 of the
Securities.

SECTION 2.15. CUSIP, Common Code and ISIN Numbers. The Company in issuing the
Securities may use “CUSIP,” “Common Code” or “ISIN” numbers and, if so, the Trustee shall use
“CUSIP,” “Common Code” or “ISIN” numbers in notices of redemption or purchase 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 or purchase and that reliance may be placed only on the other identification numbers
printed on the Securities, and any such redemption or purchase shall not be affected by any defect
in or omission of such CUSIP, Common Code or ISIN number. The Company shall promptly notify the
Trustee in writing of any change in any CUSIP, Common Code or ISIN number.

ARTICLE III

COVENANTS

SECTION 3.1. Payment of Securities. The Company shall promptly pay the principal of,
premium, if any, and interest on the Securities on the dates and in the manner provided in the
Securities and in this Indenture. Principal, premium, if any, 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 immediately available funds sufficient to pay all principal, premium, if any, and
interest then due and the Trustee or the Paying Agent, as the case may be, is not prohibited from
paying such money to the Holders on that date pursuant to the terms of this Indenture.

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.

The Company and the Subsidiary Guarantors will pay any present or future stamp, court or
documentary taxes or any other excise or property taxes, charges or similar levies that arise in
any jurisdiction from the execution, delivery, enforcement or registration of the Securities, the
Subsidiary Guarantees, this Indenture or any other document or instrument in relation thereof, or
the receipt of any payments with respect to the Securities or any Subsidiary Guarantees, excluding
such taxes, charges or similar levies imposed by any jurisdiction outside of the United States, the
jurisdiction of incorporation of any successor of the Company or any Subsidiary Guarantor or any
jurisdiction in which a Paying Agent is located, other than those resulting from, or required to be
paid in connection with, the enforcement of the Securities, the Subsidiary Guarantees or any other
such document or instrument following the occurrence of any Event of Default with respect to the
Securities. The Company or the Subsidiary Guarantors will agree to indemnify the Holders for any
such taxes paid by such Holders.

Notwithstanding anything to the contrary contained in this Indenture, the Company or any
Subsidiary Guarantor may, to the extent it is required to do so by law, deduct or withhold income
or other similar taxes imposed by the United States of America from principal, premium or interest
payments hereunder.

SECTION 3.2. Limitation on Indebtedness.

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to,
directly or indirectly, Incur any Indebtedness (including Acquired Indebtedness); provided,
however, that the Company and the Subsidiary Guarantors may Incur Indebtedness if on the date
thereof:

(i) the Consolidated Coverage Ratio for the Company and its Restricted Subsidiaries is
at least 2.00 to 1.00; and

(ii) no Default or Event of Default will have occurred or be continuing or would occur
as a consequence of Incurring the Indebtedness or transactions relating to such Incurrence.

(b) Section 3.2(a) will not prohibit the Incurrence of the following Indebtedness:

(i) Indebtedness of the Company or any Subsidiary Guarantor Incurred
pursuant to a Credit Facility together with the principal component of amounts outstanding
under Qualified Receivables Transactions in an aggregate amount up to $500.0 million less
the aggregate principal amount of all principal repayments with the proceeds from Asset
Dispositions utilized in accordance with Section 3.5(a)(iii)(A) that permanently
reduce the commitments thereunder;

(ii) Guarantees by (x) the Company or Subsidiary Guarantors of Indebtedness Incurred by
the Company or a Subsidiary Guarantor in accordance with this Section 3.2, provided
that in the event such Indebtedness that is being Guaranteed is a Subordinated Obligation or
a Guarantor Subordinated Obligation, then the related Guarantee shall be subordinated in
right of payment to the Securities or the Subsidiary Guarantee, as the case may be, and (y)
Non-Guarantor Subsidiaries of Indebtedness Incurred by Non-Guarantor Subsidiaries in
accordance with Section 3.2;

(iii) Indebtedness of the Company owing to and held by any Restricted Subsidiary (other
than a Receivables Entity) or Indebtedness of a Restricted Subsidiary owing to and held by
the Company or any other Restricted Subsidiary (including Preferred Stock); provided,
however,

(A) if the Company is the obligor on such Indebtedness and the obligee is a
Non-Guarantor Subsidiary, such Indebtedness is expressly subordinated to the prior payment
in full in cash of all obligations with respect to the Securities;

(B) if a Subsidiary Guarantor is the obligor on such Indebtedness and the Company or a
Subsidiary Guarantor is not the obligee, such Indebtedness is subordinated in right of
payment to the Subsidiary Guarantees of such Subsidiary Guarantor; and

(C) (1) any subsequent issuance or transfer of Capital Stock or any other event which
results in any such Indebtedness being beneficially held by a Person other than the Company
or a Restricted Subsidiary (other than a Receivables Entity) of the Company; and

	 	(2)	 	any sale or other transfer of
any such Indebtedness to a Person other than the Company or a
Restricted Subsidiary (other than a Receivables Entity) of the
Company

shall be deemed, in each case, to constitute an Incurrence of such Indebtedness by the
Company or such Restricted Subsidiary, as the case may be.

(iv) Indebtedness represented by (A) the Securities issued on the Issue Date, the
related exchange notes issued in a registered exchange offer pursuant to the Registration
Rights Agreement and any Subsidiary Guarantees of the Securities and related exchange notes,
(B) any Indebtedness (other than the Indebtedness described in clauses (i), (ii), (iii),
(vi), (viii), (ix) and (x) of this Section 3.2(b)) outstanding on the Issue Date and
(C) any Refinancing Indebtedness Incurred in respect of any Indebtedness described in this
Section 3.2(b)(iv) or Section 3.2(b)(v) or Incurred pursuant to Section
3.2(a);

(v) Indebtedness of a Restricted Subsidiary Incurred and outstanding on the date on
which such Restricted Subsidiary was acquired by, or merged into, the Company or any
Restricted Subsidiary (other than Indebtedness Incurred (A) to provide all or any portion of
the funds utilized to consummate the transaction or series of related transactions pursuant
to which such Restricted Subsidiary became a Restricted Subsidiary or was otherwise acquired
by the Company or (B) otherwise in connection with, or in contemplation of, such
acquisition); provided, however, that at the time such Restricted Subsidiary is acquired by
the Company, the Company would have been able to Incur $1.00 of additional Indebtedness
pursuant to Section 3.2(a) after giving effect to the Incurrence of such
Indebtedness pursuant to this Section 3.2(b)(v);

(vi) Indebtedness under Hedging Obligations that are Incurred in the ordinary course of
business (and not for speculative purposes) (A) for the purpose of fixing or hedging
interest rate risk with respect to any Indebtedness Incurred in accordance with this
Indenture; (B) for the purpose of fixing or hedging currency exchange rate risk with respect
to any currency exchanges; or (C) for the purpose of fixing or hedging commodity price risk
with respect to any commodities;

(vii) the Incurrence by the Company or any of its Restricted Subsidiaries of
Indebtedness represented by Capitalized Lease Obligations, mortgage financings, purchase
money obligations or other payments, in each case Incurred to finance all or any part of the
purchase price or cost of construction or improvement of assets or property (other than
Capital Stock or other Investments) acquired, constructed or improved in the ordinary course
of business of the Company or such Restricted Subsidiary and Attributable Indebtedness, in
an aggregate principal amount, including all Refinancing Indebtedness Incurred to refund,
defease, renew, extend, refinance or replace any Indebtedness Incurred pursuant to this
Section 3.2(b)(vii), not to exceed the greater of (A) $50.0 million and (B) 10% of
Consolidated Net Tangible Assets, at any time outstanding;

(viii) Indebtedness Incurred in respect of workers’ compensation claims, self-insurance
obligations, performance, surety and similar bonds, letters of credit and completion
guarantees provided by the Company or a Restricted Subsidiary in the ordinary course of
business;

(ix) Indebtedness arising from agreements of the Company or a Restricted Subsidiary
providing for indemnification, adjustment of purchase price or similar obligations, in each
case, Incurred or assumed in connection with the disposition of any business, assets or
Capital Stock of a Restricted Subsidiary;

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

(xi) Indebtedness of foreign Subsidiaries not to exceed in the aggregate $25.0 million
at any one time outstanding;

(xii) Indebtedness used to defease the Securities; and

(xiii) in addition to the items referred to in clauses (i) through (xii) above,
Indebtedness of the Company or any of its Restricted Subsidiaries in an aggregate
outstanding principal amount which, when taken together with the principal amount of all
other Indebtedness Incurred pursuant to this Section 3.2(b)(xiii) and then
outstanding, will not exceed the greater of (A) $200.0 million and (B) 30% of Consolidated
Net Tangible Assets, at any time outstanding.

(c) For purposes of determining compliance with, and the outstanding principal amount of any
particular Indebtedness Incurred pursuant to and in compliance with, this Section 3.2:

(i) subject to Section 3.2(c)(ii) below, in the event that Indebtedness meets
the criteria of more than one of the types of Indebtedness described in Section
3.2(a) and Section 3.2(b), the Company, in its sole discretion, will classify
such item of Indebtedness on the date of Incurrence and may later classify such item of
Indebtedness in any manner that complies with this Section 3.2 and only be required
to include the amount and type of such Indebtedness in one of such clauses;

(ii) all Indebtedness outstanding under the Senior Credit Agreement shall be deemed
Incurred under Section 3.2(b)(i) and not Section 3.2(a) or Section
3.2(b)(iv);

(iii) Guarantees of, or obligations in respect of letters of credit relating to,
Indebtedness which is otherwise included in the determination of a particular amount of
Indebtedness shall not be included;

(iv) if obligations in respect of letters of credit are Incurred pursuant to a Credit
Facility and are being treated as Incurred pursuant to Section 3.2(b)(i) and the
letters of credit relate to other Indebtedness, then such other Indebtedness shall not be
included;

(v) the principal amount of any Disqualified Stock of the Company or a Restricted
Subsidiary, or Preferred Stock of a Non-Guarantor Subsidiary, will be equal to the greater
of the maximum mandatory redemption or repurchase price (not including, in either case, any
redemption or repurchase premium) or the liquidation preference thereof;

(vi) Indebtedness permitted by this Section 3.2 need not be permitted solely by
reference to one provision permitting such Indebtedness but may be permitted in part by one
such provision and in part by one or more other provisions of this Section 3.2
permitting such Indebtedness;

(vii) the amount of Indebtedness issued at a price that is less than the principal
amount thereof will be equal to the amount of the liability in respect thereof determined in
accordance with GAAP; and

(viii) the principal amount of any Indebtedness outstanding in connection with a
Qualified Receivables Transaction is the Receivables Transaction Amount relating to such
Qualified Receivables Transaction.

(d) Accrual of interest, accrual of dividends, the accretion of accreted value, the payment of
interest in the form of additional Indebtedness and the payment of dividends in the form of
additional shares of Preferred Stock or Disqualified Stock will not be deemed to be an Incurrence
of Indebtedness for purposes of this Section 3.2. The amount of any Indebtedness
outstanding as of any date shall be (i) the accreted value thereof in the case of any Indebtedness
issued with original issue discount and (ii) the principal amount or liquidation preference
thereof, together with any interest thereon that is more than 30 days past due, in the case of any
other Indebtedness.

(e) For purposes of determining compliance with any U.S. dollar-denominated restriction on the
Incurrence of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated
in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on
the date such Indebtedness was Incurred, in the case of term Indebtedness, or first committed, in
the case of revolving credit Indebtedness; provided that if such Indebtedness is Incurred to
refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause
the applicable U.S. dollar-denominated restriction to be exceeded if calculated at the relevant
currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated
restriction shall be deemed not to have been exceeded so long as the principal amount of such
Refinancing Indebtedness does not exceed the principal amount of such Indebtedness being
refinanced. Notwithstanding any other provision of this Section 3.2, the maximum amount of
Indebtedness that the Company may Incur pursuant to this Section 3.2 shall not be deemed to
be exceeded solely as a result of fluctuations in the exchange rate of currencies. The principal
amount of any Indebtedness Incurred to refinance other Indebtedness, if Incurred in a different
currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange
rate applicable to the currencies in which such Refinancing Indebtedness is denominated that is in
effect on the date of such refinancing.

SECTION 3.3. Limitation on Restricted Payments.

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

(i) declare or pay any dividend or make any distribution (whether made in cash,
securities or other property) on or in respect of its Capital Stock (including any payment
in connection with any merger or consolidation involving the Company or any of its
Restricted Subsidiaries) except:

(A) dividends or distributions payable in Capital Stock of the Company (other than
Disqualified Stock) or in options, warrants or other rights to purchase such Capital Stock
of the Company; and

(B) dividends or distributions payable to the Company or a Restricted Subsidiary (and
if such Restricted Subsidiary is not a wholly-owned Subsidiary, to its other holders of
common Capital Stock on a pro rata basis);

(ii) purchase, redeem, retire or otherwise acquire for value any Capital Stock of the
Company held by Persons other than the Company or a Restricted Subsidiary (other than in
exchange for Capital Stock of the Company (other than Disqualified Stock));

(iii) purchase, repurchase, redeem, defease or otherwise acquire or retire for value,
prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment, any
Subordinated Obligations or Guarantor Subordinated Obligations (other than (x) Indebtedness
of the Company owing to and held by any Subsidiary Guarantor or Indebtedness of a Subsidiary
Guarantor owing to and held by the Company or any other Subsidiary Guarantor permitted under
Section 3.2(b)(iii) or (y) the purchase, repurchase, redemption, defeasance or other
acquisition or retirement of Subordinated Obligations or Guarantor 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 purchase, repurchase,
redemption, defeasance or other acquisition or retirement); or

(iv) make any Restricted Investment in any Person;

(any such dividend, distribution, purchase, redemption, repurchase, defeasance, other
acquisition, retirement or Restricted Investment referred to in clauses (i) through (iv)
shall be referred to herein as a “Restricted Payment”), if at the time the Company
or such Restricted Subsidiary makes such Restricted Payment:

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

(B) the Company is not able to Incur $1.00 of additional Indebtedness pursuant to
Section 3.2(a) after giving effect, on a pro forma basis, to such Restricted
Payment; or

(C) the aggregate amount of such Restricted Payment and all other Restricted Payments
declared or made subsequent to the Issue Date (excluding Restricted Payments made pursuant
to clauses (i), (ii), (iii), (iv), (vi), (vii), (viii), (ix) and (xiv) of Section
3.3(b)) would exceed the sum of:

	 	(1)	 	50% of Consolidated Net Income for the period (treated as one accounting
period) from April 1, 2007 to the end of the most recent fiscal quarter ending prior to
the date of such Restricted Payment for which financial statements are in existence
(or, in case such Consolidated Net Income is a deficit, minus 100% of such deficit);

	 	(2)	 	100% of the aggregate Net Cash Proceeds, plus the fair market value of
property, received by the Company from the issue or sale of its Capital Stock (other
than Disqualified Stock) or other capital contributions subsequent to May 14, 2007
(other than Net Cash Proceeds received from an issuance or sale of such Capital Stock
to a Subsidiary of the Company or an employee stock ownership plan, option plan or
similar trust to the extent such sale to an employee stock ownership plan or similar
trust is financed by loans from or Guaranteed by the Company or any Restricted
Subsidiary unless such loans have been repaid with cash on or prior to the date of
determination);

	 	(3)	 	the amount by which Indebtedness of the Company or its Restricted Subsidiaries
is reduced on the Company’s balance sheet upon the conversion or exchange (other than
by a Subsidiary of the Company) subsequent to May 14, 2007 of any Indebtedness of the
Company or its Restricted Subsidiaries convertible or exchangeable for Capital Stock
(other than Disqualified Stock) of the Company;

	 	(4)	 	the amount equal to the net reduction subsequent to May 14, 2007 in Restricted
Investments made by the Company or any of its Restricted Subsidiaries in any Person
resulting from:

(I) repurchases or redemptions of such Restricted Investments by such Person,
proceeds realized upon the sale of such Restricted Investment to an unaffiliated
purchaser, repayments of loans or advances or other transfers of assets (including
by way of dividend or distribution) by such Person to the Company or any Restricted
Subsidiary (other than for reimbursement of tax payments); or

(II) the redesignation of Unrestricted Subsidiaries as Restricted Subsidiaries
(valued in each case as provided in the definition of “Investment”),

which amount in each case under this Section 3.3(a)(iv)(C)(4) shall not
exceed the amount of Restricted Investments previously made in such Person;
provided, however, that no amount will be included under this Section
3.3(a)(iv)(C)(4) to the extent it is already included in Consolidated Net
Income; and

	 	(5)	 	$15.0 million.

(b) The provisions of Section 3.3(a) will not prohibit:

(i) any purchase, repurchase, redemption, defeasance or other acquisition or retirement
of Capital Stock, Disqualified Stock or Subordinated Obligations of the Company or Guarantor
Subordinated Obligations of any Subsidiary Guarantor made by exchange for, or out of the
proceeds of the substantially concurrent sale of, Capital Stock of the Company (other than
Disqualified Stock and other than Capital Stock issued or sold to a Subsidiary or an
employee stock ownership plan or similar trust to the extent such sale to an employee stock
ownership plan or similar trust is financed by loans from or Guaranteed by the Company or
any Restricted Subsidiary unless such loans have been repaid with cash on or prior to the
date of determination); provided, however, that the Net Cash Proceeds from such sale of
Capital Stock will be excluded from Section 3.3(a)(iv)(C)(2);

(ii) any purchase, repurchase, redemption, defeasance or other acquisition or
retirement of Subordinated Obligations of the Company or Guarantor Subordinated Obligations
of any Subsidiary Guarantor made by exchange for, or out of the proceeds of the
substantially concurrent sale of, Subordinated Obligations of the Company or any purchase,
repurchase, redemption, defeasance or other acquisition or retirement of Guarantor
Subordinated Obligations made by exchange for or out of the proceeds of the substantially
concurrent sale of Guarantor Subordinated Obligations that, in each case, is permitted to be
Incurred pursuant to Section 3.2 and that in each case constitutes Refinancing
Indebtedness;

(iii) any purchase, repurchase, redemption, defeasance or other acquisition or
retirement of Disqualified Stock of the Company or a Restricted Subsidiary made by exchange
for or out of the proceeds of the substantially concurrent sale of Disqualified Stock of the
Company or such Restricted Subsidiary, as the case may be, that, in each case, is permitted
to be Incurred pursuant to Section 3.2 and that in each case constitutes Refinancing
Indebtedness;

(iv) so long as no Default or Event of Default has occurred and is continuing, any
purchase or redemption of Subordinated Obligations or Guarantor Subordinated Obligations of
a Subsidiary Guarantor from Net Available Cash to the extent permitted under Section
3.5;

(v) dividends paid within 60 days after the date of declaration if at such date of
declaration such dividend would have complied with this Section 3.3;

(vi) so long as no Default or Event of Default has occurred and is continuing,

(A) the purchase, redemption or other acquisition, cancellation or retirement for value
of Capital Stock, or options, warrants, equity appreciation rights or other rights to
purchase or acquire Capital Stock of the Company or any Restricted Subsidiary held by any
existing or former directors, employees or management of the Company or any Subsidiary of
the Company or their assigns, estates or heirs, in each case in connection with the
repurchase provisions under employee stock option or stock purchase agreements or other
agreements to compensate management employees; provided such redemptions or repurchases
pursuant to this Section 3.3(b)(vi)(A) will not exceed $3.0 million in the aggregate
during any calendar year and $12.0 million in the aggregate for all such redemptions and
repurchases, plus the amount of any capital contributions to the Company as a result of
sales of Capital Stock, or options, warrants, equity appreciation rights or other rights to
purchase or acquire Capital Stock, of the Company to such persons (provided, however, that
the Net Cash Proceeds from such sale of Capital Stock will be excluded from Section
3.3(a)(iv)(C)(2)); and

(B) loans or advances to employees, officers or directors of the Company or any
Subsidiary of the Company the proceeds of which are used to purchase Capital Stock of the
Company, in an aggregate amount not in excess of $5.0 million with respect to all loans or
advances made since the Issue Date (without giving effect to the forgiveness of any such
loan);

(vii) so long as no Default or Event of Default has occurred and is continuing, the
declaration and payment of dividends to holders of any class or series of Disqualified Stock
of the Company issued in accordance with the terms of this Indenture to the extent such
dividends are included in the definition of “Consolidated Interest Expense;”

(viii) repurchases of Capital Stock deemed to occur upon the exercise of stock options,
warrants or other convertible securities if such Capital Stock represents a portion of the
exercise price thereof;

(ix) the purchase, repurchase, redemption, defeasance or other acquisition or
retirement for value of any Subordinated Obligation (i) at a purchase price not greater than
101% of the principal amount of such Subordinated Obligation in the event of a Change of
Control in accordance with provisions similar to Section 3.9 or (ii) at a purchase
price not greater than 100% of the principal amount thereof in accordance with provisions
similar to Sections 3.5; provided that, prior to or simultaneously with such
purchase, repurchase, redemption, defeasance or other acquisition or retirement, the Company
has made the Change of Control Offer or Asset Disposition Offer, as applicable, as provided
in such Section with respect to the Securities and has completed the repurchase or
redemption of all Securities validly tendered for payment in connection with such Change of
Control Offer or Asset Disposition Offer;

(x) the repurchase or redemption of the Company’s preferred stock purchase rights, or
any substitute therefor, in an aggregate amount not to exceed the product of (x) the number
of outstanding shares of Common Stock of the Company and (y) $0.01 per share, as such amount
may be adjusted in accordance with the rights agreement relating to the Common Stock of the
Company;

(xi) so long as (a) no Default or Event of Default shall have occurred and be
continuing and (b) immediately before and immediately after giving effect thereto, the
Company would have been permitted to Incur at least $1.00 of additional Indebtedness
pursuant to Section 3.2(a), payments of quarterly per share cash dividends on the
Company’s Common Stock not greater than the per share cash dividends paid on the Company’s
Common Stock for the most recent fiscal quarter ending prior to the Issue Date (adjusted for
stock dividends, splits, combination reclassifications or other similar events (including in
connection with a merger or consolidation) affecting the Company’s Common Stock);

(xii) payments or distributions to stockholders pursuant to appraisal rights required
under applicable law in connection with any consolidation, merger or transfer of assets that
complies with Article V;

(xiii) cash payments to stockholders in lieu of fractional shares; and

(xiv) so long as no Default or Event of Default has occurred and is continuing,
Restricted Payments in an amount not to exceed $80.0 million.

(c) The amount of all Restricted Payments (other than cash) shall be the fair market value on
the date of such Restricted Payment of the asset(s) or securities proposed to be paid, transferred
or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to such
Restricted Payment. The fair market value of any property or assets required to be valued by this
Section 3.3 shall be determined by the Board of Directors of the Company whose resolution
with respect thereto shall be delivered to the Trustee.

(d) As of the Issue Date, all of the Company’s Subsidiaries shall be Restricted Subsidiaries.
The Company shall not permit any Unrestricted Subsidiary to become a Restricted Subsidiary except
pursuant to the last sentence of the definition of “Unrestricted Subsidiary.” For purposes of
designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by
the Company and its Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so
designated shall be deemed to be Restricted Payments in an amount determined as set forth in the
definition of “Investment.” Such designation shall be permitted only if a Restricted Payment in
such amount would be permitted at such time and if such Subsidiary otherwise meets the definition
of an Unrestricted Subsidiary.

SECTION 3.4. Limitation on Restrictions on Distributions from Restricted Subsidiaries.

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

(i) pay dividends or make any other distributions on its Capital Stock or pay any
Indebtedness or other obligations owed to the Company or any Restricted Subsidiary (it being
understood that the priority of any Preferred Stock in receiving dividends or liquidating
distributions prior to dividends or liquidating distributions being paid on Common Stock
shall not be deemed a restriction on the ability to make distributions on Capital Stock);

(ii) make any loans or advances to the Company or any Restricted Subsidiary (it being
understood that the subordination of loans or advances made to the Company or any Restricted
Subsidiary to other Indebtedness Incurred by the Company or any Restricted Subsidiary shall
not be deemed a restriction on the ability to make loans or advances); or

(iii) transfer any of its property or assets to the Company or any Restricted
Subsidiary (it being understood that such transfers shall not include any type of transfer
described in Section 3.4(a)(i) and Section 3.4(a)(ii) above).

(b) Section 3.4(a) will not prohibit:

(i) any encumbrance or restriction pursuant to an agreement in effect at or entered
into on the Issue Date including, without limitation, this Indenture, the Securities, the
Exchange Securities, the Subsidiary Guarantees, the 2007 Indenture and the Senior Credit
Agreement (and related documentation) in effect on such date;

(ii) any encumbrance or restriction with respect to a Restricted Subsidiary pursuant to
an agreement relating to any Capital Stock or Indebtedness Incurred by a Restricted
Subsidiary on or before the date on which such Restricted Subsidiary was acquired by the
Company or a Restricted Subsidiary (other than Capital Stock or Indebtedness Incurred as
consideration in, or to provide all or any portion of the funds utilized to consummate, the
transaction or series of related transactions pursuant to which such Restricted Subsidiary
became a Restricted Subsidiary or was acquired by the Company or in contemplation of the
transaction) and outstanding on such date provided, that any such encumbrance or restriction
shall not extend to any assets or property of the Company or any other Restricted Subsidiary
other than the assets and property so acquired and that, in the case of Indebtedness, was
permitted to be Incurred pursuant to this Indenture;

(iii) any encumbrance or restriction with respect to a Restricted Subsidiary pursuant
to an agreement effecting a refunding, replacement or refinancing of Indebtedness Incurred
pursuant to an agreement referred to in Section 3.4(b)(i) or Section
3.4(b)(ii) or this Section 3.4(b)(iii) or contained in any amendment,
restatement, modification, renewal, supplement, refunding, replacement or refinancing of an
agreement referred to in Section 3.4(b)(i) or Section 3.4(b)(ii) or this
Section 3.4(b)(iii); provided, however, that the encumbrances and restrictions with
respect to such Restricted Subsidiary contained in any such agreement, amendment,
restatement, modification, renewal, supplement, refunding, replacement or refinancing are no
more restrictive, taken as a whole, than the encumbrances and restrictions contained in such
agreements referred to in Section 3.4(b)(i) or Section 3.4(b)(ii) on the
Issue Date or the date such Restricted Subsidiary became a Restricted Subsidiary or was
merged into a Restricted Subsidiary, whichever is applicable;

(iv) in the case of Section 3.4(a)(iii), any encumbrance or restriction:

(A) that restricts in a customary manner the subletting, assignment or transfer of any
property or asset that is subject to a lease, license or similar contract, or the assignment
or transfer of any such lease, license or other contract;

(B) contained in mortgages, pledges or other security agreements permitted under this
Indenture securing Indebtedness of the Company or a Restricted Subsidiary to the extent such
encumbrances or restrictions restrict the transfer of the property subject to such
mortgages, pledges or other security agreements; or

(C) pursuant to customary provisions restricting dispositions of real property
interests set forth in any reciprocal easement agreements of the Company or any Restricted
Subsidiary;

(v) (a) purchase money obligations for property acquired in the ordinary course of
business and (b) Capitalized Lease Obligations permitted under this Indenture, in each case,
that impose encumbrances or restrictions of the nature described in Section
3.4(a)(iii) on the property so acquired;

(vi) any Purchase Money Note or other Indebtedness or contractual requirements Incurred
with respect to a Qualified Receivables Transaction relating exclusively to a Receivables
Entity that, in the good faith determination of the Board of Directors of the Company, are
necessary to effect such Qualified Receivables Transaction;

(vii) any restriction with respect to a Restricted Subsidiary (or any of its property
or assets) imposed pursuant to an agreement entered into for the direct or indirect sale or
disposition of the Capital Stock or assets of such Restricted Subsidiary (or the property or
assets that are subject to such restriction) pending the closing of such sale or
disposition;

(viii) any customary provisions in joint venture agreements relating to joint ventures
that are not Restricted Subsidiaries and other similar agreements entered into in the
ordinary course of business;

(ix) restrictions on cash or other deposits or net worth provisions in leases and other
agreements entered into by the Company or any Restricted Subsidiary in the ordinary course
of business;

(x) encumbrances or restrictions arising or existing by reason of applicable law or any
applicable rule, regulation or order;

(xi) encumbrances or restrictions contained in indentures or debt instruments, Hedging
Obligations or other debt arrangements Incurred or Preferred Stock issued by Subsidiary
Guarantors in accordance with Section 3.2 that are not more restrictive, taken as a
whole, than those applicable to the Company in either this Indenture or the Senior Credit
Agreement on the Issue Date (which results in encumbrances or restrictions comparable to
those applicable to the Company at a Restricted Subsidiary level); and

(xii) encumbrances or restrictions contained in indentures or other debt instruments or
debt arrangements Incurred or Preferred Stock issued by Restricted Subsidiaries that are not
Subsidiary Guarantors subsequent to the Issue Date pursuant to Section 3.2(b)(v) and
Section 3.2(b)(xiii) by Restricted Subsidiaries, provided that after giving effect
to such Incurrence of Indebtedness, the Company would be permitted to incur at least $1.00
of additional Indebtedness pursuant to Section 3.2(a).

SECTION 3.5. Limitation on Sales of Assets and Subsidiary Stock.

The Company will not, and will not permit any of its Restricted Subsidiaries to, cause, make
or suffer to exist any Asset Disposition unless:

(i) the Company or such Restricted Subsidiary, as the case may be, receives
consideration at least equal to the fair market value (such fair market value to be
determined on the date of contractually agreeing to such Asset Disposition), as determined
in good faith by the Board of Directors of the Company (including as to the value of all
non-cash consideration), of the shares and assets subject to such Asset Disposition;

(ii) at least 75% of the consideration from such Asset Disposition received by the
Company or such Restricted Subsidiary, as the case may be, is in the form of cash or Cash
Equivalents; and

(iii) an amount equal to 100% of the Net Available Cash from such Asset
Disposition is applied by the Company or such Restricted Subsidiary, at its option:

(A) to prepay, repay or purchase Indebtedness of the Company (other than any
Disqualified Stock or Subordinated Obligations) or Indebtedness of a Restricted Subsidiary
(other than any Disqualified Stock or Guarantor Subordinated Obligations of a Subsidiary
Guarantor) (in each case other than Indebtedness owed to the Company or an Affiliate of the
Company) within 365 days from the later of the date of such Asset Disposition or the receipt
of such Net Available Cash; provided, however, that, in connection with any prepayment,
repayment or purchase of Indebtedness pursuant to this Section 3.5(a)(iii)(A), the
Company or such Restricted Subsidiary will retire such Indebtedness and will cause the
related commitment (if any) to be permanently reduced in an amount equal to the principal
amount so prepaid, repaid or purchased; or

(B) to invest in Additional Assets within 365 days from the later of the date of such
Asset Disposition or the receipt of such Net Available Cash, provided that a binding
commitment shall be treated as a permitted application of the Net Available Cash from the
date of such commitment and, in the event such binding commitment is later canceled or
terminated for any reason before such Net Available Cash is so applied, the Company or such
Restricted Subsidiary enters into another binding commitment within nine months of such
cancellation or termination of the prior binding commitment, provided, further, that any
such binding commitment to invest shall be subject to customary conditions (other than
financing).

Pending the final application of any such Net Available Cash in accordance with Section
3.5(a)(iii)(A) or Section 3.5(a)(iii)(B) above, the Company and its Restricted
Subsidiaries may temporarily reduce Indebtedness or otherwise invest such Net Available Cash in any
manner not prohibited by this Indenture.

Any Net Available Cash from Asset Dispositions that is not applied or invested as provided in
Section 3.5(a)(iii) will be deemed to constitute “Excess Proceeds.” On the
366th day after an Asset Disposition, if the aggregate amount of Excess Proceeds exceeds
$40.0 million, the Company will be required to make an offer (“Asset Disposition Offer”) to
all holders of Securities and to the extent required by the terms of other Pari Passu Indebtedness,
to all holders of other Pari Passu Indebtedness outstanding with similar provisions requiring the
Company to make an offer to purchase such Pari Passu Indebtedness with the proceeds from any Asset
Disposition to purchase the maximum principal amount of Securities and any such Pari Passu
Indebtedness to which the Asset Disposition Offer applies that may be purchased out of the Excess
Proceeds, at an offer price in cash in an amount equal to 100% of the principal amount of the
Securities and Pari Passu Indebtedness plus accrued and unpaid interest to the date of purchase, in
accordance with the procedures set forth in this Indenture or the agreements governing the Pari
Passu Indebtedness, as applicable, in each case in a principal amount of $2,000 and integral
multiples of $1,000 in excess thereof. To the extent that the aggregate amount of Securities and
Pari Passu Indebtedness so validly tendered and not properly withdrawn pursuant to an Asset
Disposition Offer is less than the Excess Proceeds, the Company may use any remaining Excess
Proceeds for any purpose not prohibited by this Indenture. If the aggregate principal amount of
Securities surrendered by holders thereof and other Pari Passu Indebtedness surrendered by holders
or lenders, collectively, exceeds the amount of Excess Proceeds, the Trustee shall select the
Securities and Pari Passu Indebtedness to be purchased on a pro rata basis on the basis of the
aggregate principal amount of tendered Securities and Pari Passu Indebtedness. Upon completion of
such Asset Disposition Offer, the amount of Excess Proceeds shall be reset at zero.

No later than five Business Days after the termination of the Asset Disposition Offer (the
“Asset Disposition Purchase Date”), the Company will purchase the principal amount of
Securities and Pari Passu Indebtedness required to be purchased pursuant to this Section
3.5 (the “Asset Disposition Offer Amount”) or, if less than the Asset Disposition Offer
Amount has been so validly tendered, all Securities and Pari Passu Indebtedness validly tendered in
response to the Asset Disposition Offer.

If the Asset Disposition Purchase Date is on or after an interest record date and on or before
the related interest payment date, any accrued and unpaid interest will be paid to the Person in
whose name a Security is registered at the close of business on such record date, and no Additional
Interest will be payable to holders who tender Securities pursuant to the Asset Disposition Offer.

On or before the Asset Disposition Purchase Date, the Company will, to the extent lawful,
accept for payment, on a pro rata basis to the extent necessary, the Asset Disposition Offer Amount
of Securities and Pari Passu Indebtedness or portions of Securities and Pari Passu Indebtedness so
validly tendered and not properly withdrawn pursuant to the Asset Disposition Offer, or if less
than the Asset Disposition Offer Amount has been validly tendered and not properly withdrawn, all
Securities and Pari Passu Indebtedness so validly tendered and not properly withdrawn, in each case
in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof. The Company
will deliver to the Trustee an Officers’ Certificate stating that such Securities or portions
thereof were accepted for payment by the Company in accordance with the terms of this Section
3.5 and, in addition, the Company will deliver all certificates and notes required, if any, by
the agreements governing the Pari Passu Indebtedness. The Company or the Paying Agent, as the case
may be, will promptly (but in any case not later than five Business Days after termination of the
Asset Disposition Offer) mail or deliver to each tendering holder of Securities or holder or lender
of Pari Passu Indebtedness, as the case may be, an amount equal to the purchase price of the
Securities or Pari Passu Indebtedness so validly tendered and not properly withdrawn by such holder
or lender, as the case may be, and accepted by the Company for purchase, and the Company will
promptly issue a new Security, and the Trustee, upon delivery of an Officers’ Certificate from the
Company, will authenticate and mail or deliver such new Security to such holder, in a principal
amount equal to any unpurchased portion of the Security surrendered; provided that each such new
Security will be in a principal amount of $2,000 and integral multiples of $1,000 in excess
thereof. In addition, the Company will take any and all other actions required by the agreements
governing the Pari Passu Indebtedness. Any Security not so accepted will be promptly mailed or
delivered by the Company to the holder thereof. The Company will publicly announce the results of
the Asset Disposition Offer on the Asset Disposition Purchase Date.

For the purposes of this Section 3.5, the following will be deemed to be cash:

(i) the assumption by the transferee of Indebtedness (other than Subordinated
Obligations or Disqualified Stock) of the Company or Indebtedness of a Restricted Subsidiary
(other than Guarantor Subordinated Obligations or Disqualified Stock of any Subsidiary
Guarantor) and the release of the Company or such Restricted Subsidiary from all liability
on such Indebtedness in connection with such Asset Disposition (in which case the Company
will, without further action, be deemed to have applied such deemed cash to Indebtedness in
accordance with Section 3.5(a)(iii)(A) above);

(ii) securities, notes or other obligations received by the Company or any Restricted
Subsidiary from the transferee that are converted by the Company or such Restricted
Subsidiary into cash within 180 days after the close of the Asset Disposition; and

(iii) Additional Assets.

The Company will comply, to the extent applicable, with the requirements of Rule 14e-1 under
the Exchange Act and any other securities laws or regulations in connection with the repurchase of
Securities pursuant to this Indenture. To the extent that the provisions of any securities laws or
regulations conflict with provisions of this Section 3.5, the Company will comply with the
applicable securities laws and regulations and will not be deemed to have breached its obligations
under this Indenture by virtue of any conflict.

SECTION 3.6. Limitation on Liens. The Company will not, and will not permit any of
its Restricted Subsidiaries to, directly or indirectly, create, Incur or suffer to exist any Lien
(other than Permitted Liens) upon any of its property or assets (including Capital Stock of
Subsidiaries), whether owned on the Issue Date or acquired after that date, which Lien is securing
any Indebtedness, unless contemporaneously with the Incurrence of such Liens effective provision is
made to secure the Indebtedness due under this Indenture and the Securities or, in respect of Liens
on any Restricted Subsidiary’s property or assets, any Subsidiary Guarantee of such Restricted
Subsidiary, equally and ratably with (or senior in priority to in the case of Liens with respect to
Subordinated Obligations or Guarantor Subordinated Obligations, as the case may be) the
Indebtedness secured by such Lien for so long as such Indebtedness is so secured.

SECTION 3.7. Limitation on Subsidiary Guarantees.

(a) The Company will not permit any Restricted Subsidiary (other than a Receivables Entity) to
Guarantee the payment of any Indebtedness of the Company or any Subsidiary Guarantor (other than a
Receivable Entity) unless:

(i) such Restricted Subsidiary simultaneously executes and delivers a supplemental
indenture to this Indenture (which supplemental indenture may be in the form of Exhibit C
hereto or such other form as shall be reasonably satisfactory to the Trustee) pursuant to
which such Restricted Subsidiary will unconditionally Guarantee, on a joint and several
basis, the full and prompt payment of the principal of, premium, if any, and interest
(including Additional Interest, if any) on the Securities and all other obligations of the
Company under this Indenture on a senior basis except that if such Indebtedness is by its
express terms subordinated in right of payment to the Securities, any such Guarantee of such
Restricted Subsidiary with respect to such Indebtedness shall be subordinated in right of
payment to such Restricted Subsidiary’s Subsidiary Guarantee with respect to the Securities
substantially to the same extent as such Indebtedness is subordinated to the Securities or
the Subsidiary Guarantee, as the case may be;

(ii) such Restricted Subsidiary waives and will not in any manner whatsoever claim or
take the benefit or advantage of, any rights or reimbursement, indemnity or subrogation or
any other rights against the Company or any other Restricted Subsidiary as a result of any
payment by such Restricted Subsidiary under its Subsidiary Guarantee of the Securities; and

(iii) such Restricted Subsidiary shall deliver to the Trustee an Opinion of Counsel to
the effect that (A) such Subsidiary Guarantee has been duly executed and authorized and (B)
such Subsidiary Guarantee constitutes a valid, binding and enforceable obligation of such
Restricted Subsidiary, except insofar as enforcement thereof may be limited by bankruptcy,
insolvency or similar laws (including, without limitation, all laws relating to fraudulent
transfers) and except insofar as enforcement thereof is subject to general principles of
equity; provided that this paragraph (a) shall not be applicable to any Guarantee of any
Restricted Subsidiary that (1) existed at the time such Person became a Restricted
Subsidiary of the Company and (2) was not Incurred in connection with, or in contemplation
of, such Person becoming a Restricted Subsidiary of the Company.

The obligations of each Subsidiary Guarantor will be limited to the maximum amount as will,
after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor
(including, without limitation, any Guarantees of Indebtedness) and after giving effect to any
collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of
the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to
its contribution obligations under this Indenture, result in the obligations of such Subsidiary
Guarantor under its Subsidiary Guarantee not constituting a fraudulent conveyance or fraudulent
transfer under federal or state law.

Each Subsidiary Guarantee shall be released in accordance with the provisions of the Indenture
described under Article XI.

SECTION 3.8. Limitation on Affiliate Transactions.

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly
or indirectly, enter into or conduct any transaction (including the purchase, sale, lease or
exchange of any property or the rendering of any service) with any Affiliate of the Company (an
“Affiliate Transaction”) unless:

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

(ii) in the event such Affiliate Transaction involves an aggregate consideration in
excess of $20.0 million, the terms of such transaction have been approved by a majority of
the members of the Board of Directors of the Company and by a majority of the members of
such Board of Directors having no personal stake in such transaction, if any (and such
majority or majorities, as the case may be, determines that such Affiliate Transaction
satisfies the criteria in Section 3.8(a)(i) above); and

(iii) in the event such Affiliate Transaction involves an aggregate consideration in
excess of $40.0 million, the Company has received a written opinion from an independent
investment banking, accounting or appraisal firm of nationally recognized standing that such
Affiliate Transaction is not materially less favorable than those that might reasonably have
been obtained in a comparable transaction at such time on an arm’s-length basis from a
Person that is not an Affiliate.

(b) Section 3.8(a) will not apply to:

(i) any Restricted Payment permitted to be made pursuant to Section 3.3;

(ii) Permitted Investments (other than pursuant to clause (2) of the definition of
Permitted Investments);

(iii) any issuance of securities, or other payments, awards or grants in cash,
securities or otherwise pursuant to, or the funding of, employment agreements and other
compensation arrangements, options to purchase Capital Stock of the Company, restricted
stock plans, long-term incentive plans, stock appreciation rights plans, participation plans
or similar employee benefits plans and/or indemnity provided on behalf of officers and
employees approved by the Board of Directors of the Company;

(iv) loans or advances to employees, officers or directors of the Company or any
Restricted Subsidiary of the Company in the ordinary course of business consistent with past
practices, in an aggregate amount not in excess of $3.0 million with respect to all loans or
advances made since the Issue Date (without giving effect to the forgiveness of any such
loan);

(v) any transaction between the Company and a Restricted Subsidiary or between
Restricted Subsidiaries and Guarantees issued by the Company or a Restricted Subsidiary for
the benefit of the Company or a Restricted Subsidiary, as the case may be, in accordance
with Section 3.2;

(vi) the payment of reasonable and customary fees paid to, and indemnity provided on
behalf of, directors of the Company or any Restricted Subsidiary;

(vii) the existence of, and the performance of obligations of the Company or any of its
Restricted Subsidiaries under the terms of any agreement to which the Company or any of its
Restricted Subsidiaries is a party as of or on the Issue Date and identified on Schedule A
hereto, as these agreements may be amended, modified, supplemented, extended or renewed from
time to time; provided, however, that any future amendment, modification, supplement,
extension or renewal entered into after the Issue Date will be permitted to the extent that
its terms are not more disadvantageous to the holders of the Securities in any material
respect than the terms of the agreements in effect on the Issue Date;

(viii) transactions with customers, clients, suppliers or purchasers or sellers of
goods or services, in each case in the ordinary course of the business of the Company and
its Restricted Subsidiaries and otherwise in compliance with the terms of this Indenture;

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

(x) sales or other transfers or dispositions of accounts receivable and other related
assets customarily transferred in an asset securitization transaction involving accounts
receivable to a Receivables Entity in a Qualified Receivables Transaction, and acquisitions
of Permitted Investments in connection with a Qualified Receivables Transaction.

SECTION 3.9. Change of Control.

(a) If a Change of Control occurs, unless the Company has exercised its right to redeem all of
the Securities as described in Article VI, each holder will have the right to require the
Company to repurchase all or any part (equal to $2,000 and integral multiples of $1,000 in excess
thereof) of such holder’s Securities at a purchase price in cash equal to 101% of the principal
amount of the Securities 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).

(b) Within 30 days following any Change of Control, unless the Company has exercised its right
to redeem all of the Securities as described in Article VI, the Company will mail a notice
(the “Change of Control Offer”) to each holder, with a copy to the Trustee, stating:

(i) 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 of such Securities plus accrued and unpaid interest, if any, to the
date of purchase (subject to the right of holders of record on a record date to receive
interest on the relevant interest payment date) (the “Change of Control Payment”);

(ii) the repurchase date (which shall be no earlier than 30 days nor later than 60 days
from the date such notice is mailed) (the “Change of Control Payment Date”); and

(iii) the procedures determined by the Company, consistent with this Indenture, that a
holder must follow in order to have its Securities repurchased.

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

(i) accept for payment all Securities or portions of Securities (equal to $2,000 and
integral multiples of $1,000 in excess thereof) properly tendered pursuant to the Change of
Control Offer;

(ii) deposit with the paying agent an amount equal to the Change of Control Payment in
respect of all Securities or portions of Securities so tendered; and

(iii) deliver or cause to be delivered to the Trustee the Securities so accepted
together with an Officers’ Certificate stating the aggregate principal amount of Securities
or portions of Securities being purchased by the Company.

(d) The paying agent will promptly mail to each holder of Securities so tendered the Change of
Control Payment for such Securities, and the Trustee will promptly authenticate and mail (or cause
to be transferred by book entry) to each holder a new Security equal in principal amount to any
unpurchased portion of the Securities surrendered, if any; provided that each such new Security
will be in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof.

(e) If the Change of Control Payment Date is on or after an interest record date and on or
before the related interest payment date, any accrued and unpaid interest, if any, will be paid to
the Person in whose name a Security is registered at the close of business on such record date, and
no Additional Interest will be payable to holders who tender pursuant to the Change of Control
Offer.

(f) The Change of Control provisions described in this Section 3.9 will be applicable
whether or not any other provisions of this Indenture are applicable. Except as described above
with respect to a Change of Control, this Indenture does not contain provisions that permit the
holders to require that the Company repurchase or redeem the Securities in the event of a takeover,
recapitalization or similar transaction.

(g) The Company will not be required to make a Change of Control Offer upon a Change of
Control if 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 Indenture 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.

(h) The Company will comply, to the extent applicable, with the requirements of Rule 14e-1
under the Exchange Act and any other securities laws or regulations in connection with the
repurchase of Securities pursuant to this Section 3.9. To the extent that the provisions of
any securities laws or regulations conflict with provisions of this Indenture, the Company will
comply with the applicable securities laws and regulations and will not be deemed to have breached
its obligations described in this Indenture by virtue of the conflict.

SECTION 3.10. SEC Reports.

Notwithstanding that the Company may not be subject to the reporting requirements of Section
13 or 15(d) of the Exchange Act, to the extent permitted by the Exchange Act, the Company will file
with the SEC, and make available to the Trustee and the registered holders of the Securities, the
annual reports and the information, documents and other reports (or copies of such portions of any
of the foregoing as the SEC may by rules and regulations prescribe) that are specified in Sections
13 and 15(d) of the Exchange Act with respect to U.S. issuers within the time periods specified
therein or in the relevant forms. In the event that the Company is not permitted to file such
reports, documents and information with the SEC pursuant to the Exchange Act, the Company will
nevertheless make available such Exchange Act information to the Trustee and the holders of the
Securities as if the Company were subject to the reporting requirements of Section 13 or 15(d) of
the Exchange Act within the time periods specified therein or in the relevant forms.

SECTION 3.11. Effectiveness of Covenants.

(a) Following the first day:

(i) the Securities have an Investment Grade Rating from at least two of the Ratings
Agencies; and

(ii) no Default has occurred and is continuing under this Indenture;

the Company and its Restricted Subsidiaries will not be subject to Sections 3.2,
3.3, 3.4, 3.5, 3.6, 3.8 and Section
5.1(a)(iii) (collectively, the “Suspended Covenants”) and will instead be
subject to the provisions of Article IV below. If on any subsequent date (the
“Reinstatement Date”) the Securities’ credit rating is downgraded from an Investment
Grade Rating by two or more of the Rating Agencies, then the Suspended Covenants will
thereafter be reinstated as if such covenants had never been suspended and be applicable
pursuant to the terms of this Indenture (including in connection with performing any
calculation or assessment to determine compliance with the terms of this Indenture), unless
and until the Securities subsequently attain Investment Grade Rating by two or more of the
Rating Agencies (in which event the Suspended Covenants shall no longer be in effect for
such time that the Securities maintain an Investment Grade Rating); provided, however, that
no Default, Event of Default or breach of any kind shall be deemed to exist under this
Indenture, the Securities or the Subsidiary Guarantees with respect to the Suspended
Covenants based on, and none of the Company or any of its Subsidiaries shall bear any
liability for, any actions taken or events occurring during the Suspension Period (as
defined below), or any actions taken at any time pursuant to any contractual obligation
arising during the Suspension Period, regardless of whether such actions or events would
have been permitted if the applicable Suspended Covenants remained in effect during such
period. The period of time between the date of suspension of the covenants and the
Reinstatement Date is referred to as the “Suspension Period.”

(b) On the Reinstatement Date, all Indebtedness Incurred during the Suspension Period will be
classified to have been Incurred pursuant to Section 3.2(a) or Section 3.2(b) (to
the extent such Indebtedness would be permitted to be Incurred thereunder as of the Reinstatement
Date and after giving effect to Indebtedness Incurred prior to the Suspension Period and
outstanding on the Reinstatement Date). To the extent such Indebtedness would not be so permitted
to be Incurred pursuant Section 3.2(a) or Section 3.2(b), such Indebtedness will be
deemed to have been outstanding on the Issue Date, so that it is classified under Section
3.2(b)(iv)(B). Calculations made after the Reinstatement Date of the amount available to be
made as Restricted Payments in Section 3.3 will be made as though the covenants described
therein had been in effect since the Issue Date and throughout the Suspension Period. Accordingly,
Restricted Payments made during the Suspension Period will reduce the amount available to be made
as Restricted Payments under Section 3.3(a).

(c) During any period when the Suspended Covenants are suspended, the Board of Directors of
the Company may not designate any of the Company’s Subsidiaries as Unrestricted Subsidiaries
pursuant to this Indenture.

SECTION 3.12. Maintenance of Office or Agency.  The Company shall maintain an office or
agency where the Securities may be presented or surrendered for payment, where, if applicable, the
Securities may be surrendered for registration of transfer or exchange and where notices and
demands to or upon the Company in respect of the Securities and this Indenture may be served. The
agency of U.S Bank National Association (the “Agent”), currently located at 60 Livingston
Avenue, EP-MN-WS3C, St. Paul, MN 55107 Attention: U.S. Bank Corporate Trust Services (or at such
address in the Borough of Manhattan, The City of New York as the Agent shall designate upon request
therefor from the Company or any Holder), shall be such office or agency of the Company, unless the
Company shall designate and maintain some other office or agency for one or more of such purposes.
The Company shall give prompt written notice to the Trustee of any change in the location of any
such office or agency. If at any time the Company shall fail to maintain any such required office
or agency or shall fail to furnish the Trustee with the address thereof, such presentations,
surrenders, notices and demands may be made or served at the Agent of the Trustee, and the Company
hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and
demands.

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

SECTION 3.13. Corporate Existence. Except as otherwise provided in
Article III and Article V, the Company shall do or cause to be done all things
necessary to preserve and keep in full force and effect its corporate existence and the corporate,
partnership, limited liability company or other existence of each Subsidiary Guarantor in
accordance with their respective organizational documents (as the same may be amended from time to
time) and the rights (charter and statutory), licenses and franchises of the Company and each such
Subsidiary Guarantor; provided, however, that the Company shall not be required to preserve any
such right, license or franchise or the corporate, partnership, limited liability company or other
existence of any Subsidiary Guarantor if the Board of Directors of the Company shall determine that
the preservation thereof is no longer desirable in the conduct of the business of the Company and
each of its Restricted Subsidiaries, taken as a whole, and that the loss thereof is not, and will
not be, disadvantageous in any material respect to the Holders; provided, further, that the
foregoing shall not prohibit a sale, transfer, or conveyance of a Restricted Subsidiary or any of
its assets in compliance with the terms of this Indenture.

SECTION 3.14. Payment of Taxes and Other Claims. The Company shall pay or discharge
or cause to be paid or discharged, before the same shall become delinquent, (i) all material taxes,
assessments and governmental charges levied or imposed upon the Company or any Restricted
Subsidiary or upon the income, profits or property of the Company or any Restricted Subsidiary and
(ii) all lawful claims for labor, materials and supplies, which, if unpaid, might by law become a
material liability or lien upon the property of the Company or any Restricted Subsidiary; provided,
however, that the Company shall not be required to pay or discharge or cause to be paid or
discharged any such tax, assessment, charge or claim the amount, applicability or validity of which
is being contested in good faith by appropriate actions and for which appropriate reserves, if
necessary (in the good faith judgment of management of the Company), are being maintained in
accordance with GAAP or where the failure to effect such payment will not be disadvantageous to the
Holders.

SECTION 3.15. Payments for Consent. Neither the Company nor any of its Restricted
Subsidiaries will, directly or indirectly, pay or cause to be paid any consideration, whether by
way of interest, fees or otherwise, to any holder of any Securities 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 be paid or is paid to all holders of the Securities that
consent, waive or agree to amend in the time frame set forth in the solicitation documents relating
to such consent, waiver or amendment.

SECTION 3.16. 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 or Event of Default and whether or not the signers know of
any Default or Event of Default that occurred during the previous fiscal year. If they do, the
certificate shall describe the Default or Event of Default, its status and the action the Company
is taking or proposes to take with respect thereto. The Company also shall comply with TIA
§ 314(a)(4).

SECTION 3.17. Further Instruments and Acts. The Company shall execute and deliver
such further instruments and do such further acts as the Trustee may request as reasonably
necessary or proper to comply with any future developments or requirements.

SECTION 3.18. Statement by Officers as to Default. The Company shall deliver to the
Trustee, as soon as possible and in any event within 30 days after the occurrence of any Event of
Default or an event which, with notice or the lapse of time or both, would constitute an Event of
Default, an Officers’ Certificate setting forth the details of such Event of Default or Default,
its status and the actions which the Company is taking or proposes to take with respect thereto.

ARTICLE IV

INVESTMENT GRADE COVENANTS

SECTION 4.1. Definitions. For purposes of Section 4.2 and Section
4.3, the following defined terms will be applicable to the Securities during any Suspension
Period. To the extent applicable, such defined terms will supersede the corresponding
definitions of such term under “Certain definitions.”

“Attributable Debt” means, as of the date of determination, the present value
(discounted at the rate of interest implicit in the terms of the lease) of the obligation of the
lessee for Net Rental Payments during the remaining term of the lease.

“Consolidated Total Assets” means the total of all the assets appearing on the
consolidated balance sheet of the Company and its subsidiaries, determined according to U.S.
generally accepted accounting principles applicable to the type of business in which the Company
and its subsidiaries are engaged, all as shown in the consolidated balance sheet of the Company for
its most recent quarter prior to the event for which the determination is being made.

“Net Rental Payments” means the sum of the rental and other payments required to be
paid in the period by the lessee under the lease, but excluding payments on account of maintenance
and repairs, insurance, taxes, assessments, water rates or similar charges, and any amounts
required to be paid by the lessee that are contingent upon the amount of sales, maintenance and
repairs, insurance, taxes, assessments, water rates or similar charges.

“Principal Property” means any manufacturing plant (consisting of real estate,
buildings and fixtures) located within the United States of America (other than its territories or
possessions) owned by the Company or any of its subsidiaries, which individually has a gross book
value (without deduction of any depreciation reserves), on the date when the determination is being
made, in excess of 2% of Consolidated Total Assets (as defined above). However, a Principal
Property does not include any manufacturing plant to the extent it is financed by obligations
issued by a state or local governmental unit pursuant to Section 142(a)(5), 142(a)(6), 142(a)(8) or
144(a) of the Internal Revenue Code of 1986, as amended, or any successor provision thereof. A
Principal Property also does not include any manufacturing plant that is not of material importance
to the business conducted by the Company or its subsidiaries, taken as a whole.

“Restricted Subsidiary” means any of the Company’s subsidiaries that owns or leases a
Principal Property.

SECTION 4.2. Restrictions on Secured Debt. The Company will not, nor will the Company
permit any Restricted Subsidiary to, directly or indirectly, issue, assume or guarantee any
indebtedness secured by a pledge, mortgage, security interest, lien or other encumbrance (pledges,
mortgages, security interests, liens and other encumbrances are called “liens”) upon any Principal
Property or upon any shares of capital stock or indebtedness of any Restricted Subsidiary (whether
the Principal Property, shares or indebtedness are now owned are acquired in the future), without
effectively providing that all of the Securities issued under this Indenture are secured equally
and ratably. These restrictions do not apply to indebtedness secured by liens existing on the date
of this Indenture or to:

(i) liens on any property existing at the time of its acquisition;

(ii) liens on property of a Person existing at the time it is merged into or
consolidated with us or a Restricted Subsidiary or at the time of a sale, lease, or other
disposition of the properties of a Person as an entirety or substantially as an entirety to
us or a Restricted Subsidiary;

(iii) liens on property of a Person existing at the time it becomes a Restricted
Subsidiary;

(iv) liens securing intercompany indebtedness;

(v) liens to secure all or part of the cost of acquisition, construction or improvement
of the underlying property; provided that the commitment of the creditor to extend the
credit secured by the lien is obtained within 120 days before or after the completion of the
acquisition, construction or improvement;

(vi) liens in favor of any foreign or domestic governmental agency to secure certain
payments;

(vii) certain liens imposed by operation of law or in connection with contracts (other
than for the payment of money), leases, self-insurance and litigation;

(viii) liens consisting of easements, rights-of-way, zoning restrictions, restrictions
on the use of real property or other title defects which do not materially impair the use of
the real property or materially detract from the value of the real property; and

(ix) any extension, renewal or replacement of any of the liens referred to above,
provided that the principal amount of the indebtedness secured by the lien is not increased
and the lien is limited to all or part of the same property, shares of stock or
indebtedness.

Notwithstanding these restrictions, the Company and its Restricted Subsidiaries may, without
securing the Securities, issue or assume secured debt so long as, after giving effect thereto, the
aggregate amount of secured debt (not including secured debt permitted under the specific
exceptions listed above) and the aggregate Attributable Debt of the Sale/Leaseback Transactions
entered into (other than those permitted under the specific exceptions described in Section
4.3) together do not exceed 10% of Consolidated Total Assets.

SECTION 4.3. Restriction on Sale/Leaseback Transactions.

(a) The Company will not, nor will the Company permit any Restricted Subsidiary to, enter into
any Sale/Leaseback Transaction with a term of more than three years with respect to any Principal
Property, unless:

(i) at the time of entering into such arrangement, the Company or its Restricted
Subsidiary would, without equally and ratably securing the Securities, be entitled to incur
indebtedness secured by a lien on the property pursuant to one of the exceptions discussed
in Section 4.2.

(ii) the Company applies, within 120 days after the date of the Sale/Leaseback
Transaction, an amount equal to the net available proceeds from the sale of the Principal
Property to the retirement of any of the Company’s indebtedness with a term of more than 12
months, which may include retirement of the Securities; or

(iii) after giving effect thereto, the aggregate amount of secured debt (not including
secured debt permitted under the exceptions listed above) and the aggregate Attributable
Debt of the Sale/Leaseback Transactions (not including those permitted by Section
4.3(a)(i) and Section 4.3(a)(ii) above) together do not exceed 10% of
Consolidated Total Assets.

SECTION 4.4. Additional Investment Grade Covenants. The covenants described under
Article V (other than Section 5.1(a)(iii) thereof) and Section 3.7 will be
applicable to the Securities during any period when the Securities have an Investment Grade Rating
as provided under Section 3.11.

ARTICLE V

SUCCESSOR COMPANY

SECTION 5.1. Merger and Consolidation.

(a) The Company will not consolidate with or merge with or into, or convey, transfer or lease
all or substantially all its assets, in one or more related transactions, to any Person, unless:

(i) the resulting, surviving or transferee Person (the “Successor Company”)
will be a corporation organized and existing under the laws of the United States of America,
any State of the United States or the District of Columbia and the Successor Company (if not
the Company) will expressly assume, by supplemental indenture, executed and delivered to the
Trustee, in form satisfactory to the Trustee, all the obligations of the Company under the
Securities and this Indenture and will expressly assume, by written agreement all the
obligations of the Company under the Registration Rights Agreement;

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

(iii) immediately after giving effect to such transaction, either (i) the Successor
Company would be able to Incur at least $1.00 of additional Indebtedness pursuant to
Section 3.2(a) or (ii) the Consolidated Coverage Ratio for the Successor Company
would be greater than the Consolidated Coverage Ratio of the Company immediately prior to
such transaction;

(iv) each Subsidiary Guarantor (unless it is the other party to the transactions above,
in which case Section 5.1(a)(i) shall apply) shall have by supplemental indenture
confirmed that its Subsidiary Guarantee shall apply to such Person’s obligations in respect
of this Indenture and the Securities and shall have by written agreement confirmed that its
obligations under the Registration Rights Agreement shall continue to be in effect; and

(v) 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 indenture (if any) comply with this Indenture.

Notwithstanding Section 5.1(a)(iii), (x) any Restricted Subsidiary may consolidate
with, merge into or transfer all or part of its properties and assets to the Company and (y) the
Company may merge with an Affiliate incorporated solely for the purpose of reincorporating the
Company in another jurisdiction to realize tax benefits; provided that, in the case of a Restricted
Subsidiary that merges into the Company, the Company will not be required to comply with
Section 5.1(a)(v).

(b) In addition, the Company will not permit any Subsidiary Guarantor to consolidate with or
merge with or into, or convey, transfer or lease all or substantially all its assets, in one or
more related transactions, to any Person (other than to the Company or another Subsidiary
Guarantor) unless:

(i) (A) if such entity remains a Subsidiary Guarantor, the resulting, surviving or
transferee Person (the “Successor Guarantor”) will be a corporation, partnership or
limited liability company organized and existing under the laws of the United States of
America, any State of the United States or the District of Columbia; (B) the Successor
Guarantor, if other than such Subsidiary Guarantor, will expressly assume, by supplemental
indenture, executed and delivered to the Trustee, in form satisfactory to the Trustee, all
the obligations of such Subsidiary Guarantor under this Indenture, the Securities and its
Subsidiary Guarantee and will expressly assume, by written agreement, all the obligations of
the Subsidiary Guarantor under the Registration Rights Agreement; (C) immediately after
giving effect to such transaction (and treating any Indebtedness that becomes an obligation
of the Successor Guarantor as a result of such transaction as having been Incurred by the
Successor Guarantor at the time of such transaction), no Default or Event of Default shall
have occurred and be continuing; and (D) the Company will have delivered to the Trustee an
Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation,
merger or transfer and such supplemental indenture (if any) comply with this Indenture; and

(ii) the transaction is made in compliance with Section 3.5 (it being
understood that only such portion of the Net Available Cash as is required to be applied on
the date of such transaction in accordance with the terms of this Indenture needs to be
applied in accordance therewith at such time) and this Article V.

Subject to certain limitations described in this Indenture, the Successor Guarantor will succeed
to, and be substituted for, such Subsidiary Guarantor under this Indenture and the Subsidiary
Guarantee of such Subsidiary Guarantor. Notwithstanding the foregoing, any Subsidiary Guarantor may
merge with or into or transfer all or part of its assets to a Subsidiary Guarantor or the Company
or merge with a Restricted Subsidiary of the Company incorporated solely for the purpose of
reincorporating the Subsidiary Guarantor in another jurisdiction to realize tax benefits.

(c) The predecessor Company or Subsidiary Guarantor, as the case may be, will be released from
its obligations under this Indenture or its Subsidiary Guarantee, as the case may be, and the
Successor Company or Successor Guarantor, as the case may be, will succeed to, and be substituted
for, and may exercise every right and power of, the Company or the Subsidiary Guarantor, as the
case may be, under this Indenture, the Securities, the Registration Rights Agreement and such
Subsidiary Guarantee; provided that, in the case of a lease of all or substantially all its assets,
the predecessor Company will not be released from the obligation to pay the principal of and
interest on the Securities and the Subsidiary Guarantor will not be released from its obligation
under its Subsidiary Guarantee.

For purposes of this covenant, the sale, assignment, conveyance, transfer, lease 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 disposition of all or substantially all of the
properties and assets of the Company.

ARTICLE VI

REDEMPTION OF SECURITIES

SECTION 6.1. Redemption. The Securities may be redeemed, as a whole or from time to
time in part, subject to the conditions and at the redemption prices specified in paragraph 6 of
the form of Securities set forth in Exhibit A and Exhibit B hereto, which are
hereby incorporated by reference and made a part of this Indenture, together with accrued and
unpaid interest, if any, to the Redemption Date.

SECTION 6.2. Applicability of Article. Redemption of Securities at the election of
the Company or otherwise, as permitted or required by any provision of this Indenture, shall be
made in accordance with such provision and this Article VI.

SECTION 6.3. Election to Redeem; Notice to Trustee. The election of the Company to
redeem any Securities pursuant to Section 6.1 shall be evidenced by a Board Resolution of
the Company. In case of any redemption at the election of the Company, the Company shall, upon not
later than the earlier of the date that is 30 days prior to the Redemption Date fixed by the
Company or the date on which notice is given to the Holders (except as provided under
Section 6.5 or unless a shorter notice shall be satisfactory to the Trustee), notify the
Trustee of such Redemption Date and of the principal amount of Securities to be redeemed and shall
deliver to the Trustee such documentation and records as shall enable the Trustee to select the
Securities to be redeemed pursuant to Section 6.4. Any such notice may be cancelled at any
time prior to notice of such redemption being mailed to any Holder and shall thereby be void and of
no effect.

SECTION 6.4. Selection by Trustee of Securities to Be Redeemed. If less than all the
Securities are to be redeemed at any time pursuant to an optional redemption, the particular
Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by
the Trustee, from the outstanding Securities not previously called for redemption, in compliance
with the requirements of the principal national securities exchange, if any, on which such
Securities are listed, or, if such Securities are not so listed, on a pro rata basis, by lot or by
such other method as the Trustee in its sole discretion shall deem fair and appropriate (and in
such manner as complies with applicable legal requirements) and which may provide for the selection
for redemption of portions of the principal of the Securities; provided, however, that no such
partial redemption shall reduce the portion of the principal amount of a Security not redeemed to
less than $2,000 and no Securities of $2,000 in original principal amount or less will be redeemed
in part.

The Trustee shall promptly notify the Company in writing of the Securities selected for
redemption and, in the case of any Securities selected for partial redemption, the method it has
chosen for the selection of Securities and the principal amount thereof to be redeemed.

For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to redemption of Securities shall relate, in the case of any Security redeemed or to be
redeemed only in part, to the portion of the principal amount of such Security which has been or is
to be redeemed.

SECTION 6.5. Notice of Redemption. Notice of redemption shall be given in the manner
provided for under Section 12.2 not less than 30 nor more than 60 days prior to the
Redemption Date, to each Holder of Securities to be redeemed. At the Company’s request, the
Trustee shall give notice of redemption in the Company’s name and at the Company’s expense;
provided, however, that the Company shall deliver to the Trustee, at least 45 days prior to the
Redemption Date (unless a shorter notice shall be satisfactory to the Trustee), an Officers’
Certificate requesting that the Trustee give such notice at the Company’s expense and the form of
notice that shall include the following items.

All notices of redemption shall state:

(i) the Redemption Date,

(ii) the redemption price and the amount of accrued interest to the Redemption Date
payable as provided under Section 6.7, if any,

(iii) if less than all outstanding Securities are to be redeemed, the identification of
the particular Securities (or portion thereof) to be redeemed, as well as the aggregate
principal amount of Securities to be redeemed and the aggregate principal amount of
Securities to be outstanding after such partial redemption,

(iv) in case any Security is to be redeemed in part only, the notice which relates to
such Security shall state that on and after the Redemption Date, upon surrender of such
Security, the Holder will receive, without charge, a new Security or Securities of
authorized denominations for the principal amount thereof remaining unredeemed,

(v) that on the Redemption Date the redemption price (and accrued interest, if any, to
the Redemption Date payable as provided under Section 6.7) will become due and
payable upon each such Security, or the portion thereof, to be redeemed, and, unless the
Company defaults in making the redemption payment, that interest on Securities called for
redemption (or the portion thereof) will cease to accrue on and after said date,

(vi) the place or places where such Securities are to be surrendered for payment of the
redemption price and accrued interest, if any,

(vii) the name and address of the Paying Agent,

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

(ix) the CUSIP, Common Code and ISIN numbers, if applicable, and that no representation
is made as to the accuracy or correctness of the CUSIP, Common Code and ISIN numbers, if
applicable, if any, listed in such notice or printed on the Securities, and

(x) the paragraph of the Securities pursuant to which the Securities are to be
redeemed.

SECTION 6.6. Deposit of Redemption Price. Prior to 10:00 a.m., New York City time, on
any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the
Company or any of the Company’s Subsidiaries is acting as its own Paying Agent, segregate and hold
in trust as provided under Section 2.4) an amount of money sufficient to pay the redemption
price of, and accrued interest on, all the Securities which are to be redeemed on that date, other
than Securities or portions of Securities called for redemption that are beneficially owned by the
Company and have been delivered by the Company to the Trustee for cancellation.

SECTION 6.7. Securities Payable on Redemption Date. Notice of redemption having been
given as aforesaid, the Securities or portions of Securities so to be redeemed shall, on the
Redemption Date, become due and payable at the redemption price therein specified (together with
accrued interest, if any, to the Redemption Date), and on and after such date (unless the Company
shall default in the payment of the redemption price and accrued interest) such Securities shall
cease to bear interest and the only right of the Holders thereof will be to receive payment of the
redemption price and, subject to the next sentence, unpaid interest on such Securities to the
Redemption Date. Upon surrender of any such Security for redemption in accordance with said
notice, such Security shall be paid by the Company at the redemption price, together with accrued
interest, if any, to the Redemption Date (subject to the rights of Holders of record on the
relevant record date to receive interest due on the relevant interest payment date).

If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the unpaid principal (and premium, if any) shall, until paid, bear interest from the
Redemption Date at the rate borne by the Securities.

SECTION 6.8. Securities Redeemed in Part.  Any Security which is to be redeemed only
in part (pursuant to the provisions of this Article VI) shall be surrendered at the office
or agency of the Company maintained for such purpose pursuant to Section 3.12 (with, if the
Company or the Trustee so require, due endorsement by, or a written instrument of transfer in form
satisfactory to the Company and the Trustee duly executed by the Holder thereof or such Holder’s
attorney duly authorized in writing), and the Company shall execute, and the Trustee shall
authenticate and make available for delivery to the Holder of such Security at the expense of the
Company, a new Security or Securities, of any authorized denomination as requested by such Holder,
in an aggregate principal amount equal to and in exchange for the unredeemed portion of the
principal of the Security so surrendered, provided, that each such new Security will be in a
principal amount of $2,000 and integral multiples of $1,000 in excess thereof.

ARTICLE VII

DEFAULTS AND REMEDIES

SECTION 7.1. Events of Default. Each of the following is an event of default (each,
an “Event of Default”):

(i) default in any payment of interest or Additional Interest (as required by the
Registration Rights Agreement) on any Security when due, continued for 30 days;

(ii) default in the payment of principal of or premium, if any, on any Security when
due at its Stated Maturity, upon optional redemption, upon required repurchase,
upon declaration or otherwise;

(iii) failure by the Company or any Subsidiary Guarantor to comply with its obligations
under Article V;

(iv) failure by the Company or any Subsidiary Guarantor to comply for 60 days after
notice as provided below with its other agreements contained in this Indenture;

(v) default under any mortgage, indenture or instrument under which there may be issued
or by which there may be secured or evidenced any Indebtedness for money borrowed by the
Company or any of its Restricted Subsidiaries (or the payment of which is guaranteed by the
Company or any of its Restricted Subsidiaries), other than Indebtedness owed to the Company
or a Restricted Subsidiary, whether such Indebtedness or guarantee now exists, or is created
after the Issue Date, which default:

(A) is caused by a failure to pay principal of, or interest or premium, if any, on such
Indebtedness after any grace period provided in such Indebtedness (“payment
default”); or

(B) results in the acceleration of such Indebtedness prior to its maturity (the
“cross acceleration provision”);

and, in each case, the principal amount of any such Indebtedness, together with the
principal amount of any other such Indebtedness under which there has been a payment default
or the maturity of which has been so accelerated, aggregates $75.0 million or more;

(vi) a Bankruptcy Law Event of Default;

(vii) failure by the Company or any Significant Subsidiary or group of Restricted
Subsidiaries that, taken together (as of the latest audited consolidated financial
statements for the Company and its Restricted Subsidiaries), would constitute a Significant
Subsidiary to pay final judgments aggregating in excess of $75.0 million (net of any amounts
that a reputable and creditworthy insurance company has acknowledged liability for in
writing), which judgments are not paid, discharged or stayed for a period of 60 days (the
“judgment default provision”); or

(viii) any Subsidiary Guarantee of a Significant Subsidiary or group of Restricted
Subsidiaries that taken together as of the latest audited consolidated financial statements
for the Company and its Restricted Subsidiaries would constitute a Significant Subsidiary
ceases to be in full force and effect (except as contemplated by the terms of this
Indenture) or is declared null and void in a judicial proceeding or any Subsidiary Guarantor
that is a Significant Subsidiary or group of Subsidiary Guarantors that taken together as of
the latest audited consolidated financial statements of the Company and its Restricted
Subsidiaries would constitute a Significant Subsidiary denies or disaffirms its obligations
under this Indenture or its Subsidiary Guarantee.

However, a default under Section 7.1(iv) will not constitute an Event of Default until
the Trustee or the holders of 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 in
Section 7.1(iv) after receipt of such notice.

The foregoing shall constitute Events of Default whatever the reason for any such Event of
Default and whether it is voluntary 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.

SECTION 7.2. Acceleration. If an Event of Default (other than an Event of Default
described in Section 7.1(vi)) occurs and is continuing, the Trustee by notice to the
Company, or the Holders of at least 25% in principal amount of the outstanding Securities by notice
to the Company and the Trustee, may, and the Trustee at the request of such Holders shall, declare
the principal of, premium, if any, and accrued and unpaid interest, if any, on all the Securities
to be due and payable. Upon such a declaration, such principal, premium and accrued and unpaid
interest will be due and payable immediately.

In the event of a declaration of acceleration of the Securities because an Event of Default
described in Section 7.1(v) has occurred and is continuing, the declaration of acceleration
of the Securities shall be automatically annulled if the Event of Default or payment default
triggering such Event of Default pursuant to Section 7.1(v) 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 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.

If an Event of Default described in Section 7.1(vi) occurs and is continuing, the
principal of, premium, if any, and accrued and unpaid interest on all the Securities will become
and be immediately due and payable without any declaration or other act on the part of the Trustee
or any Holders.

SECTION 7.3. Other Remedies. If an Event of Default occurs and is continuing, the
Trustee may pursue any available remedy by proceeding at law or in equity to collect the payment of
principal of (or premium, if any) or interest on the Securities or to enforce the performance of
any provision of the Securities or this Indenture.

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 Holder
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 7.4. Waiver of Past Defaults. Subject to Section 7.2, the Holders of
a majority in principal amount of the outstanding Securities by notice to the Trustee may
(a) waive, by their consent (including consents obtained in connection with a purchase of, or
tender offer or exchange offer for, Securities), an existing Default or Event of Default and its
consequences, except a Default or Event of Default in the payment of the principal of, or premium,
if any, or interest on a Security, and (b) rescind any such acceleration with respect to the
Securities and its consequences if (1) rescission would not conflict with any judgment or decree of
a court of competent jurisdiction and (2) all existing Events of Default, other than the nonpayment
of the principal of, premium, if any, and interest on the Securities that have become due solely by
such declaration of acceleration, have been cured or waived. The Company shall pay or deposit, or
cause to be paid or deposited, with the Trustee a sum sufficient to pay all sums paid or advanced
by the Trustee hereunder in connection with any such waiver or past default and the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel in
connection with any such waiver or past default. When a Default or Event of Default is waived, it
is deemed cured, but no such waiver shall extend to any subsequent or other Default or Event of
Default or impair any consequent right.

SECTION 7.5. Control by Majority. Subject to Section 7.6, the Holders of a
majority in principal amount of the outstanding Securities may direct the time, method and place of
conducting any proceeding for any remedy available to the Trustee of exercising any trust or power
conferred on the Trustee. In the event an Event of Default has occurred and is continuing, the
Trustee will be required in the exercise of its powers to use the degree of care that a prudent
Person would use in the conduct of its own affairs. The Trustee, however, may refuse to follow any
direction that conflicts with law or this Indenture, the Securities, the Subsidiary Guarantees,
subject to Sections 8.1 and 8.2, that the Trustee determines is unduly prejudicial
to the rights of any other Holder or would involve the Trustee in personal liability. Prior to
taking any action under this Indenture, 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 7.6. Limitation on Suits. Subject to the provisions of this Indenture
relating to the duties of the Trustee, if an Event of Default occurs and is continuing, the Trustee
will be under no obligation to exercise any of the rights or powers under this Indenture, the
Securities or the Subsidiary Guarantees at the request or direction of any of the Holders unless
such Holders have offered to the Trustee reasonable indemnity or security against any loss,
liability or expense.

Except to enforce the right to receive payment of principal, premium, if any, or interest when
due, no Holder may pursue any remedy with respect to this Indenture, the Securities or the
Subsidiary Guarantees, unless:

(a) such Holder has previously given the Trustee notice that an Event of Default is
continuing;

(b) Holders of at least 25% in principal amount of the outstanding Securities have requested
the Trustee to pursue the remedy,

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

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

(e) the Holders of a majority in principal amount of the outstanding Securities have not given
the Trustee a direction that, in the opinion of the Trustee, is inconsistent with such request
within such 60-day period.

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

SECTION 7.7. Rights of Holders to Receive Payment. Notwithstanding any other
provision of this Indenture (including Section 7.6), the right of any Holder to receive
payment of principal of, premium, if any, or 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 7.8. Collection Suit by Trustee. If an Event of Default specified in
Sections 7.1(i) or (ii) 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 under Section 8.7.

SECTION 7.9. 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 (including any claim for the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial
proceedings relative to the Company, its Subsidiaries or its or their respective creditors or
properties and, unless prohibited by law or applicable regulations, may be entitled and empowered
to participate as a member of any official committee of creditors appointed in such matter and 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 8.7.

SECTION 7.10. Priorities. If the Trustee collects any money or property pursuant to
this Article VII, it shall pay out the money or property in the following order:

FIRST: to the Trustee for amounts due under Section 8.7;

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

THIRD: to the Company, or to the extent the Trustee collects any amount from any Subsidiary
Guarantor pursuant to Article XI, to such Subsidiary Guarantor, or to whomever may be
lawfully entitled to receive the same.

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this
Section 7.10.

SECTION 7.11. 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 and expenses, 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 7.11 does not apply to a suit by the Trustee, a suit by a
Holder pursuant to Section 7.7 or a suit by Holders of more than 10% in outstanding
principal amount of the Securities.

ARTICLE VIII

TRUSTEE

SECTION 8.1. Duties of Trustee.

(a) If an Event of Default has occurred and is continuing, the Trustee will 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:

(i) 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

(ii) 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, opinions or orders furnished to the Trustee and conforming to the requirements
of this Indenture. However, in the case of any such certificates or opinions which by any
provisions hereof are specifically required to be furnished to the Trustee, the Trustee
shall examine such certificates and opinions to determine whether or not they conform to the
requirements of this Indenture (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 willful misconduct, except that:

(i) this Section 8.1(c) does not limit the effect of Section 8.1(b);

(ii) 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

(iii) 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 7.5.

(d) 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.

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

(f) 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.

(g) 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 8.1
and to the provisions of the TIA.

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

(i) 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 unless such Holders shall
have offered to the Trustee indemnity or security reasonably satisfactory to it against the costs,
expenses (including reasonable attorneys’ fees and expenses) and liabilities that might be incurred
by it in compliance with such request or direction.

SECTION 8.2. Rights of Trustee. Subject to Section 8.1:

(a) The Trustee may conclusively rely on any document (whether in its original or facsimile
form) reasonably 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. The Trustee
shall receive and retain financial reports and statements of the Company as provided herein, but
shall have no duty to review or analyze such reports or statements to determine compliance under
covenants or other obligations of the Company.

(b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate
and/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 an Officers’ Certificate or Opinion of Counsel.

(c) The Trustee may act through its attorneys and 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 believes to be authorized or within its rights or powers, unless the Trustee’s conduct
constitutes willful misconduct or negligence.

(e) The Trustee may consult with counsel of its selection, 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 of any action taken, omitted or
suffered by it hereunder in good faith and in accordance with the advice or opinion of such
counsel.

(f) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a
Trust Officer of the Trustee has actual knowledge thereof or unless written notice of any event
which is in fact such a Default is received by the Trustee at the corporate trust office of the
Trustee specified under Section 12.2, and such notice references the Securities and this
Indenture.

(g) In the event the Trustee receives inconsistent or conflicting requests and indemnity from
two or more groups of Holders of Securities, each representing less than a majority in aggregate
principal amount of the Securities outstanding, pursuant to the provisions of this Indenture, the
Trustee, in its sole discretion, may determine what action, if any, will be taken.

(h) The rights, privileges, protections, immunities and benefits given to the Trustee,
including its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in
each of its capacities hereunder, and to each agent, custodian and other Person employed to act
hereunder.

(i) The Trustee shall not be deemed to have knowledge of any fact or matter unless such fact
or matter is known to a Trust Officer of the Trustee.

(j) Whenever in the administration of this Indenture the Trustee shall deem it desirable that
a matter be proved or established prior to taking, suffering or omitting any action hereunder, the
Trustee (unless other evidence be herein specifically prescribed) may request, and in the absence
of bad faith or willful misconduct on its part, rely upon an Officers’ Certificate and an Opinion
of Counsel.

(k) The Trustee may request that the Company deliver an Officers’ Certificate setting forth
the names of individuals and/or titles of officers authorized at such time to take specified
actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person
specified as so authorized in any such certificate previously delivered and not superseded.

(l) 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).

(m) The permissive rights of the Trustee enumerated herein shall not be construed as duties.

(n) The Trustee shall at no time have any responsibility or liability for or with respect to
the legality, validity or enforceability of any collateral or any arrangement or agreement between
the Company and any Person with respect thereto, or the perfection or priority of any security
interest created in any collateral or the maintenance of any such perfection and priority, or for
or with respect to the sufficiency of any collateral following an Event of Default.

SECTION 8.3. 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, the
Subsidiary Guarantors or their Affiliates with the same rights it would have if it were not
Trustee. However, the Trustee must comply with Sections 8.10 and 8.11. In
addition, the Trustee shall be permitted to engage in transactions with the Company; provided,
however, that if the Trustee acquires any conflicting interest, as defined in TIA § 310(b), the
Trustee must (i) eliminate such conflict within 90 days of acquiring such conflicting interest,
(ii) apply to the SEC for permission to continue acting as Trustee or (iii) resign. Any Paying
Agent, Registrar, co-registrar or co-paying agent may do the same with like rights.

SECTION 8.4. 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, shall not be
accountable for the Company’s use of the proceeds from the sale of the Securities, shall not be
responsible for the use or application of any money received by any Paying Agent other than the
Trustee or any money paid to the Company pursuant to the terms of this Indenture and 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 8.5. Notice of Defaults. If a Default occurs and is continuing and is known
to the Trustee, the Trustee must mail to each Holder notice of the Default within 90 days after it
occurs. Except in the case of a Default in the payment of principal of, premium, if any, or
interest on any Security, the Trustee may withhold notice if and so long as a committee of Trust
Officers of the Trustee in good faith determines that withholding notice is in the interests of the
Holders.

SECTION 8.6. Reports by Trustee to Holders. As promptly as practicable after each May
15 following the date of this Indenture beginning May 15, 2011, and in any event prior to July
15th in each year, the Trustee shall mail to each Holder a brief report dated as of such
mail date that complies with TIA § 313(a) if and to the extent required thereby. The Trustee also
shall comply with TIA § 313(b) and TIA § 313(c).

A copy of each report at the time of its mailing to Holders 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 and the Trustee shall comply with TIA § 313(d).

SECTION 8.7. Compensation and Indemnity. The Company and each Subsidiary Guarantor
shall be jointly and severally liable for paying to the Trustee from time to time reasonable
compensation for the Trustee’s acceptance of this Indenture and services hereunder as the Company
and the Trustee shall from time to time agree in writing. The Trustee’s compensation shall not be
limited by any law on compensation of a trustee of an express trust. The Company and each
Subsidiary Guarantor shall be jointly and severally liable for reimbursing the Trustee upon request
for all reasonable out-of-pocket expenses incurred or made by it, including costs of collection,
costs of preparing and reviewing reports, certificates and other documents, costs of preparation
and mailing of notices to Holders and reasonable fees and expenses of counsel retained by the
Trustee, 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 and each Subsidiary Guarantor, jointly and severally, shall indemnify the Trustee
against any and all loss, liability, damages, claims or expense (including reasonable attorneys’
fees and expenses) incurred by it without negligence, bad faith or willful misconduct on its part
in connection with the administration of this trust and the performance of its duties hereunder,
including the costs and expenses of enforcing this Indenture (including this Section 8.7)
and of defending itself against any claims (whether asserted by any Holder, the Company or
otherwise) or liability in connection with the exercise or performance of any of its powers or
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 or any
Subsidiary Guarantor of its obligations hereunder, except to the extent that they were prejudiced
by such failure to notify. The Company shall defend the claim and the Trustee shall provide
reasonable cooperation at the Company’s expense in the defense. The Trustee may have separate
counsel and the Company and the Subsidiary Guarantors shall pay the fees and expenses of such
counsel; provided that the Company shall not be required to pay such fees and expenses if they
assume the Trustee’s defense, and, in the reasonable judgment of Trust Officers of the Trustee,
there is no conflict of interest between the Company and the Trustee in connection with such
defense. Notwithstanding the foregoing, the Company and the Subsidiary Guarantors need not
reimburse any expense or indemnify against any loss, liability or expense which is finally
determined by a court of competent jurisdiction to have been caused by the Trustee’s own willful
misconduct, negligence or bad faith.

To secure the Company’s and the Subsidiary Guarantors’ payment obligations in this Section
8.7, 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 Trustee’s rights to receive payment of any amounts due
under this Section 8.7 shall not be subordinate to any other liability or Indebtedness of
the Company or the Subsidiary Guarantors.

The Company’s and the Subsidiary Guarantors’ payment obligations pursuant to this Section
8.7 shall survive the resignation or removal of the Trustee and the satisfaction and discharge
of this Indenture. When the Trustee incurs expenses after the occurrence of a Default specified in
Section 7.1(vii) with respect to the Company, the expenses are intended to constitute
expenses of administration under any Bankruptcy Law.

SECTION 8.8. 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 removed Trustee in writing and may appoint a successor
Trustee with the Company’s written consent, which consent will not be unreasonably withheld. The
Company shall remove the Trustee if:

(a) the Trustee fails to comply with Section 8.10;

(b) the Trustee is adjudged bankrupt or insolvent;

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

(d) the Trustee otherwise becomes incapable of acting as trustee hereunder.

If the Trustee resigns or 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 as described in the preceding paragraph, or if a vacancy exists in the office of the
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
Holders. The retiring Trustee, upon payment of its charges hereunder, shall promptly transfer all
property held by it as Trustee to the successor Trustee, subject to the lien provided for under
Section 8.7.

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 at least 10% in principal amount of the
Securities may petition, at the Company’s expense, any court of competent jurisdiction for the
appointment of a successor Trustee.

If the Trustee fails to comply with Section 8.10, unless the Trustee’s duty to resign
is stayed as provided in TIA § 310(b), any Holder, who has been a bona fide holder of a Security
for at least six months, 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 8.8, the
Company’s obligations under Section 8.7 shall continue for the benefit of the retiring
Trustee.

SECTION 8.9. 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; provided that the right to adopt the certificate of
authentication of any predecessor Trustee or authenticate Securities in the name of any predecessor
Trustee shall only apply to its successor or successors by merger, consolidation or conversion.

SECTION 8.10. Eligibility; Disqualification. This Indenture shall always have a
Trustee that satisfies the requirements of TIA § 310 in every respect. The Trustee shall have a
combined capital and surplus of at least $50.0 million 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 8.11. Preferential Collection of Claims Against the 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.

SECTION 8.12. Trustee’s Application for Instruction from the Company. Any application
by the Trustee for written instructions from the Company may, at the option of the Trustee, set
forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and
the date on and/or after which such action shall be taken or such omission shall be effective. The
Trustee shall not be liable for any action taken by, or omission of, the Trustee in accordance with
a proposal included in such application on or after the date specified in such application (which
date shall not be less than three Business Days after the date any officer of the Company actually
receives such application, unless any such officer shall have consented in writing to any earlier
date) unless prior to taking any such action (or the effective date in the case of an omission),
the Trustee shall have received written instructions in response to such application specifying the
action to be taken or omitted.

SECTION 8.13. Paying Agents.  The Company shall cause each Paying Agent other than the
Trustee to execute and deliver to it and the Trustee an instrument in which such agent shall agree
with the Trustee, subject to the provisions of this Section 8.13:

(a) that it will hold all sums held by it as agent for the payment of principal of, or
premium, if any, or interest on, the Securities (whether such sums have been paid to it by the
Company or by any obligor on the Securities) in trust for the benefit of Holders of the Securities
or the Trustee;

(b) that it will at any time during the continuance of any Event of Default, upon written
request from the Trustee, deliver to the Trustee all sums so held in trust by it together with a
full accounting thereof; and

(c) that it will give the Trustee written notice within three Business Days of any failure of
the Company (or by any obligor on the Securities) in the payment of any installment of the
principal of, premium, if any, or interest on, the Securities when the same shall be due and
payable.

ARTICLE IX

DISCHARGE OF INDENTURE; DEFEASANCE

SECTION 9.1. Discharge of Liability on Securities; Defeasance.

(a) This Indenture and the obligations of the Subsidiary Guarantors under the Subsidiary
Guarantees will be discharged and will cease to be of further effect as to all Securities issued
thereunder, when:

(i) either:

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

(B) all Securities that have not been delivered to the Trustee for cancellation, (1)
have become due and payable by reason of the mailing of a notice of redemption pursuant to
Article VI or otherwise, (2) will become due and payable within one year or (3) may
be called for redemption within one year under arrangements satisfactory to the Trustee for
the giving of notice of redemption by the Trustee in the name, and at the expense, of the
Company, and the Company or any Subsidiary Guarantor has irrevocably deposited or caused to
be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders,
cash in U.S. dollars, U.S. Government Obligations, or a combination of cash in U.S. dollars
and U.S. Government Obligations, in amounts as will be sufficient, in the opinion of a
nationally recognized firm of independent public accountants, investment bank or financial
appraisal or actuarial firm, without consideration of any reinvestment of interest, to pay
and discharge the entire Indebtedness on the Securities not delivered to the Trustee for
cancellation for principal, premium, if any, and accrued interest to the date of maturity or
redemption;

(ii) no Default or Event of Default has occurred and is continuing on the date of the
deposit or will occur as a result of such deposit (other than a Default or Event of Default
resulting from the borrowing of funds to be applied to such deposit and the grant of any
Lien securing such borrowing) and the deposit will not result in a breach or violation of,
or constitute a default under, the Senior Credit Agreement or any other material agreement
or instrument to which the Company or any Subsidiary Guarantor is a party or by which the
Company or any Subsidiary Guarantor is bound;

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

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

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

(b) The Company may, at its option, at any time, elect to have either paragraph (i) or (ii) of
this Section 9.1(b) be applied to all outstanding Securities upon compliance with the
conditions set forth in Section 9.2.

(i) Upon the Company’s exercise under Section 9.1(b) hereof of the option
applicable to this Section 9.1(b)(i), the Company shall, subject to the satisfaction
of the conditions set forth in Section 9.2, be deemed to have been discharged from
its obligations with respect to all outstanding Securities on the date the conditions set
forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose,
Legal Defeasance means that (x) the Company shall be deemed to have paid and discharged the
entire Indebtedness represented by the outstanding Securities, which shall thereafter be
deemed to be “outstanding” only for the purposes of Section 9.3 hereof and the other
Sections of this Indenture referred to in (A) and (B) of this paragraph below, and to have
satisfied all its other obligations under such Securities and this Indenture and (y) each
Subsidiary Guarantor shall be deemed to have satisfied its obligations under its Subsidiary
Guarantee, except for the following provisions which shall survive until otherwise
terminated or discharged hereunder: (A) the rights of Holders to receive solely from the
trust fund described in Section 9.2 hereof, and as more fully set forth in such
Section, payments in respect of the principal of and interest and Additional Interest, if
any, on such Securities when such payments are due, (B) the Company’s obligations with
respect to such Securities under Sections 2.2, 2.3, 2.4,
2.5, 2.6, 2.9, 2.10, 2.11, 2.12,
2.14, 2.15 and 3.12 hereof, (C) the rights, powers, trusts, duties
and immunities of the Trustee hereunder and the Company’s obligations in connection
therewith and (D) this Article IX.

(ii) Upon the Company’s exercise under Section 9.1(b) hereof of the option
applicable to this Section 9.1(b)(ii), (x) the Company shall, subject to the
satisfaction of the conditions set forth in Section 9.2 hereof, be released from its
obligations under the covenants contained in Sections 3.2, 3.3, 3.4,
3.5, 3.6, 3.7, 3.8, 3.9, 3.10, 3.11,
3.14, 3.15 and 5.1(a)(iii) and (y) each Subsidiary Guarantor shall,
subject to the satisfaction of the conditions set forth in Section 9.2 hereof, be
released from its covenants under its Subsidiary Guarantee, each with respect to the
outstanding Securities on and after the date the conditions set forth in Section 9.2
are satisfied (hereinafter, “Covenant Defeasance”), and the Securities shall
thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or
declaration or act of Holders (and the consequences of any thereof) in connection with such
covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder
(it being understood that such Securities shall not be deemed outstanding for accounting
purposes). For this purpose, Covenant Defeasance means that, with respect to the
outstanding Securities, the Company and each Subsidiary Guarantor may omit to comply with
and shall have no liability in respect of any term, condition or limitation set forth in any
such covenant, whether directly or indirectly, by reason of any reference elsewhere herein
to any such covenant or by reason of any reference in any such covenant to any other
provision herein or in any other document and such omission to comply shall not constitute a
Default or an Event of Default under Section 7.1 hereof, but, except as specified
above, the remainder of this Indenture and such Security shall be unaffected thereby.

If the Company exercises its Legal Defeasance option, payment of the Securities may not be
accelerated because of an Event of Default and the Subsidiary Guarantees in effect at such time
shall terminate. If the Company exercises its Covenant Defeasance option, payment of the
Securities may not be accelerated because of an Event of Default specified under
Section 7.1(iii) (only with respect to Section 5.1(a)(iii)), 7.1(iv) (only
with respect to Sections 3.2, 3.3, 3.4, 3.5, 3.6,
3.7, 3.8, 3.9, 3.10, 3.11, 3.14 and 3.15),
7.1(v), 7.1(vi) (with respect only to Significant Subsidiaries), 7.1(vii) or
7.1(viii).

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 the provisions of Section 9.1(a), the Company’s obligations under
Sections 2.3, 2.4, 2.5, 2.10, 2.12, 3.1,
3.12, 3.13 (solely as to the corporate or other existence of the Company),
7.7, 8.7, and 8.8 and in this Article IX shall survive until the
Securities have been paid in full (or funds sufficient therefor have been deposited as provided in
Section 9.1(a)(i)(B) hereof). After the Securities have been paid in full (or funds
sufficient therefor have been deposited as provided in Section 9.1(a)(i)(B) hereof), the
Company’s obligations under Sections 8.7, 9.5 and 9.6 shall survive such
satisfaction and discharge.

(d) Notwithstanding the provisions of Section 9.1(b), the Company’s obligations under
Sections 2.2, 2.3, 2.4, 2.5, 2.6, 2.9,
2.10, 2.11, 2.12, 3.1, 3.12, 3.13, 3.14,
3.16, 3.17, 3.18, 7.7, 8.7 and 8.8 and in this
Article IX shall survive until the Securities have been paid in full. After the Securities
have been paid in full, the Company’s obligations under Sections 8.7, 9.5 and
9.6 shall survive such defeasance.

SECTION 9.2. Conditions to Defeasance. The Company may exercise its Legal Defeasance
option or its Covenant Defeasance option only if:

(a) the Company irrevocably deposits in trust with the Trustee, for the benefit of the
Holders, cash in U.S. dollars, U.S. Government Obligations, or a combination of cash in U.S.
dollars and U.S. Government Obligations, in amounts as will be sufficient, in the opinion of a
nationally recognized firm of independent public accountants, to pay the principal of, and interest
and premium (and Additional Interest, if any) on, the outstanding Securities on the Stated Maturity
of the Securities or on the applicable redemption date, as the case may be, and the Company must
specify whether the Securities are being defeased to maturity or to a particular redemption date;

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

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

(ii) 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 will confirm that, the
Holders will not recognize income, gain or loss for federal income tax purposes as a result of such
Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner
and at the same times as would have been the case if such Legal Defeasance had not occurred;
provided, however, such Opinion of Counsel need not be delivered if all the Securities not
theretofore delivered to the Trustee for cancellation (x) have become due and payable or (y) will
become due and payable at their Stated Maturity within one year.

(c) in the case of Covenant Defeasance, the Company must deliver to the Trustee an Opinion of
Counsel reasonably acceptable to the Trustee confirming that the Holders will not recognize income,
gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will be
subject to federal income tax on the same amounts, in the same manner and at the same times as
would have been the case if such Covenant Defeasance had not occurred;

(d) no Default or Event of Default shall have occurred and be continuing on the date of such
deposit under this Indenture (other than a Default or Even of Default resulting from the borrowing
of funds to be applied to such deposit) and the deposit will not result in a breach or violation
of, or constitute a default under, any other instrument to which the Company or any Subsidiary
Guarantor is a party or by which the Company or any Subsidiary Guarantor is bound or insofar as
Events of Default from bankruptcy or insolvency events are concerned, at any time in the period
ending on the 91st day after the date of deposit;

(e) such Legal Defeasance or Covenant Defeasance will not result in a breach or violation of,
or constitute a default under, any material agreement or instrument (other than this Indenture) to
which the Company or any Restricted Subsidiary is a party or by which the Company or any Restricted
Subsidiary is bound;

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

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

SECTION 9.3. Application of Trust Money. The Trustee shall hold in trust all money or
U.S. Government Obligations (including proceeds thereof) deposited with it pursuant to this
Article IX. It shall apply the deposited money and the money from U.S. Government
Obligations through the Paying Agent and in accordance with this Indenture and the Securities to
the Holders of the Securities of all sums due in respect of the payment of principal of, premium,
if any, and accrued interest on the Securities.

SECTION 9.4. Repayment to the Company. The Trustee and the Paying Agent shall
promptly turn over to the Company upon request any excess money, U.S. Government Obligations or
securities held by them upon payment of all the obligations under this Indenture.

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 of or premium, if
any, or interest on the Securities that remains unclaimed by the Holders thereof for two years,
and, thereafter, Holders entitled to the money must look to the Company for payment as unsecured
general creditors.

SECTION 9.5. Indemnity for U.S. 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 other than any such tax, fee or other charge that is for the account of the
Holder of the Securities.

SECTION 9.6. Reinstatement. If the Trustee or Paying Agent is unable to apply any
money or U.S. Government Obligations in accordance with this Article IX 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 obligations of the Company
and each Subsidiary Guarantor under this Indenture and the Securities shall be revived and
reinstated as though no deposit had occurred pursuant to this Article IX 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 IX; provided, however, that, if the Company or the Subsidiary
Guarantors have made any payment of principal of or premium, if any, or interest on any Securities
because of the reinstatement of its obligations, the Company or Subsidiary Guarantors, as the case
may be, 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.

The Trustee’s rights under Section 9.5 shall survive termination of this Indenture.

ARTICLE X

AMENDMENTS

SECTION 10.1. Without Consent of Holders. The Company, the Subsidiary Guarantors and
the Trustee may amend or supplement this Indenture, the Securities or the Subsidiary Guarantees
without the consent of any Holder to:

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

(b) provide for the assumption by a successor corporation of the obligations of the Company
under this Indenture or the assumption by a successor corporation, partnership or limited liability
company of any Subsidiary Guarantor under this Indenture;

(c) 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 in a manner such that the uncertificated Securities are described
in Section 163(f) (2) (B) of the Code);

(d) add Guarantees with respect to the Securities or release a Subsidiary Guarantor from its
obligations under its Subsidiary Guarantee or this Indenture in accordance with the applicable
provisions of this Indenture;

(e) secure the Securities, the Subsidiary Guarantees or any other Guarantees of the
Securities;

(f) add to the covenants of the Company or the Restricted Subsidiaries for the benefit of the
holders or surrender any right or power conferred upon the Company or any Restricted Subsidiary;

(g) make any change that does not adversely affect the rights of any Holder;

(h) comply with any requirement of the SEC in connection with the qualification of this
Indenture under the TIA;

(i) provide for the appointment of a successor Trustee; provided that the successor Trustee is
otherwise qualified and eligible to act as such under the terms of this Indenture;

(j) provide for the issuance of Exchange Securities in accordance with the provisions set
forth in this Indenture; or

(k) conform the text of this Indenture, the Securities or the Subsidiary Guarantees to any
provision under “Description of notes” in the Offering Memorandum to the extent that such provision
in “Description of notes” was intended to be a verbatim recitation of a provision of this
Indenture, the Securities or the Subsidiary Guarantees.

After an amendment or supplement under this Section becomes effective, the Company shall mail
to Holders a notice briefly describing such amendment or supplement. The failure to give such
notice to all Holders, or any defect therein, shall not impair or affect the validity of an
amendment or supplement under this Section 10.1.

SECTION 10.2. With Consent of Holders. Except as provided in Section 10.1 and
this Section 10.2, this Indenture, the Securities or the Subsidiary Guarantees may be
amended or supplemented with the consent of the holders of at least a majority in aggregate
principal amount of the Securities then outstanding (including, without limitation, consents
obtained in connection with a purchase of, or tender offer or exchange offer for, Securities), and,
except as otherwise provided in this Section 10.2, any existing Default or Event of Default
or compliance with any provision of this Indenture or the Securities or the Subsidiary Guarantees
may be waived with the consent of the Holders of a majority in aggregate principal amount of the
then outstanding Securities (including, without limitation, consents obtained in connection with a
purchase of, or tender offer or exchange offer for, Securities).

Without the consent of each Holder affected, an amendment, supplement or waiver may not (with
respect to any Securities held by a non-consenting Holder):

(a) reduce the amount of Securities whose holders must consent to an amendment;

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

(c) reduce the principal of or extend the Stated Maturity of any Security;

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

(e) reduce the premium payable upon the redemption of any Security or change the time at which
any Security may be redeemed as provided in the Securities and Article VI;

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

(g) impair the right of any holder to receive payment of principal, premium, if any, 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; or

(h) make any change in the preceding amendment provisions which require each holder’s consent
or in the waiver provisions.

It shall not be necessary for the consent of the Holders under this Section 10.2 to
approve the particular form of any proposed amendment, supplement or waiver, but it shall be
sufficient if such consent approves the substance thereof. A consent to any amendment, supplement
or waiver under this Indenture by any Holder of the Securities given in connection with a purchase,
tender or exchange of such Holder’s Securities will not be rendered invalid by such purchase,
tender or exchange.

After an amendment or supplement under this Section becomes effective, the Company shall mail
to Holders a notice briefly describing such amendment or supplement. The failure to give such
notice to all Holders, or any defect therein, shall not impair or affect the validity of an
amendment or supplement under this Section 10.2.

SECTION 10.3. Compliance with Trust Indenture Act. Every amendment or supplement to
this Indenture or the Securities shall comply with the TIA as then in effect.

SECTION 10.4. Revocation and Effect of Consents and Waivers. A consent to an
amendment, supplement 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. 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, supplement or waiver becomes effective or otherwise in accordance
with any related solicitation documents. After an amendment, supplement or waiver becomes
effective, it shall bind every Holder unless it makes a change described in any of clauses (a)
through (h) of Section 10.2, in which case the amendment, supplement, waiver or other
action shall bind each Holder who has consented to it and every subsequent Holder that evidences
the same debt as the consenting Holder’s Securities. An amendment, supplement or waiver shall
become effective upon receipt by the Trustee of the requisite number of written consents under
Section 10.1 or Section 10.2, as applicable.

The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders 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 Holders 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 become valid or
effective more than 120 days after such record date.

SECTION 10.5. Notation on or Exchange of Securities. If an amendment, supplement or
waiver 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
determine, 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, supplement or waiver.

SECTION 10.6. Trustee to Sign Amendments. The Trustee shall sign any amendment,
supplement or waiver authorized pursuant to this Article X if the amendment, supplement or
waiver does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If
it does, the Trustee may but need not sign it. In signing such amendment, supplement or waiver the
Trustee shall be entitled to receive indemnity reasonably satisfactory to it and shall be provided
with, and (subject to Sections 8.1 and 8.2) shall be fully protected in relying
upon an Officers’ Certificate and an Opinion of Counsel stating that such amendment, supplement or
waiver is authorized or permitted by this Indenture and that such amendment, supplement or waiver
is the legal, valid and binding obligation of the Company and any Subsidiary Guarantors,
enforceable against them in accordance with its terms, subject to customary exceptions, and
complies with the provisions hereof (including Section 10.3).

ARTICLE XI

SUBSIDIARY GUARANTEES

SECTION 11.1. Guarantees. Each Subsidiary Guarantor hereby fully, unconditionally and
irrevocably Guarantees, as primary obligor and not merely as surety, jointly and severally with
each other Subsidiary Guarantor, to each Holder of the Securities the full and punctual payment
when due, whether at maturity, by acceleration, by redemption or otherwise, of the principal of,
premium, if any, and interest (including Additional Interest) on the Securities and all other
obligations of the Company under this Indenture (including interest accruing after the filing of
any petition in bankruptcy, or the commencement of any insolvency, reorganization or like
proceeding, relating to the Company or any Subsidiary Guarantor whether or not a claim for
post-filing or post-petition interest is allowed in such proceeding) (all the foregoing being
hereinafter collectively called the “Guaranteed Obligations”). Each Subsidiary Guarantor
further agrees (to the extent permitted by law) that the Guaranteed Obligations may be extended or
renewed, in whole or in part, without notice or further assent from it, and that it will remain
bound under this Indenture notwithstanding any extension or renewal of any Guaranteed Obligation.

Each payment to be made by a Subsidiary Guarantor in respect of its Subsidiary Guarantee shall
be made without set off, counterclaim, reduction or diminution of any kind or nature.

To evidence its Subsidiary Guarantee set forth in this Section 11.1, each Subsidiary
Guarantor hereby agrees that this Indenture (or a supplemental indenture to this Indenture) shall
be executed on behalf of such Subsidiary Guarantor by an Officer of such Subsidiary Guarantor.

Each Subsidiary Guarantor hereby agrees that its Subsidiary Guarantee set forth in this
Section 11.1 shall remain in full force and effect notwithstanding the absence of the
endorsement of any notation of such Subsidiary Guarantee on the Securities.

If an Officer whose signature is on this Indenture no longer holds that office at the time the
Trustee authenticates the Securities, the Subsidiary Guarantee shall be valid nevertheless.

Upon execution of a supplemental indenture to this Indenture by any Subsidiary Guarantor in
the form of Exhibit C hereto, the Subsidiary Guarantee set forth in this Indenture and such
supplemental indenture shall be deemed duly delivered, without any further action by any Person, on
behalf of such Subsidiary Guarantor. Following the Issue Date, the delivery of any Security by the
Trustee, after the authentication thereof hereunder, shall constitute due delivery of the
Subsidiary Guarantees set forth in this Indenture on behalf of the Subsidiary Guarantors.

Each Subsidiary Guarantor waives diligence, presentation to, demand of payment from and
protest to the Company of any of the Guaranteed Obligations, filing of claims with a court in the
event of insolvency or bankruptcy of the Company, any right to require a proceeding first against
the Company and also waives notice of protest for nonpayment. Each Subsidiary Guarantor waives (to
the extent permitted by law) notice of any default under the Securities or the Guaranteed
Obligations.

Each Subsidiary Guarantor further agrees that its Subsidiary Guarantee herein constitutes a
Guarantee of payment when due (and not a Guarantee of collection) and waives any right to require
that any resort be had by any Holder to any security held for payment of the Guaranteed
Obligations.

The Subsidiary Guarantors hereby agree that their obligations hereunder shall be
unconditional, irrespective of the validity, regularity or enforceability of the Securities or this
Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder with
respect to any provisions hereof or thereof, the recovery of any judgment against the Company or
any action to enforce the same. Except as set forth under Section 11.2, the obligations of
each Subsidiary Guarantor hereunder shall not be subject to any reduction, limitation, impairment
or termination for any reason (other than payment of the Guaranteed Obligations in full), 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 Guaranteed Obligations of the Subsidiary Guarantors
herein shall not be discharged or impaired or otherwise affected by (a) the failure of any Holder
to assert any claim or demand or to enforce any right or remedy against the Company or any other
Person under this Indenture, the Securities, the Subsidiary Guarantees or any other agreement or
otherwise; (b) any extension or renewal of any thereof; (c) any rescission, waiver, amendment or
modification of any of the terms or provisions of this Indenture, the Securities or any other
agreement; (d) the release of any security held by any Holder or the Trustee for the Guaranteed
Obligations or any of them; (e) the failure of any Holder to exercise any right or remedy against
any other Subsidiary Guarantor, (f) any change in the ownership of the Company; (g) by any default,
failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations, or (h) 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 any Subsidiary Guarantor or would otherwise operate as a
discharge of the Subsidiary Guarantor as a matter of law or equity.

Subject to the provisions of Section 3.7, each Subsidiary Guarantor agrees that its
Subsidiary Guarantee herein shall remain in full force and effect until payment in full of all the
Guaranteed Obligations or such Subsidiary Guarantor is released from its Subsidiary Guarantee in
compliance with Section 11.2 or Article IX. Each Subsidiary Guarantor further
agrees that its Subsidiary 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, premium, if any, or
interest on any of the Guaranteed Obligations is rescinded or must otherwise be restored by any
Holder 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 has
at law or in equity against any Subsidiary Guarantor by virtue hereof, upon the failure of the
Company to pay any of the Guaranteed Obligations when and as the same shall become due, whether at
maturity, by acceleration, by redemption or otherwise, each Subsidiary Guarantor hereby promises to
and will, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in
cash, to the Holders an amount equal to the sum of (i) the unpaid amount of such Guaranteed
Obligations then due and owing and (ii) accrued and unpaid interest on such Guaranteed Obligations
then due and owing (but only to the extent not prohibited by law) (including interest accruing
after the filing of any petition in bankruptcy or the commencement of any insolvency,
reorganization or like proceeding relating to the Company or any Subsidiary Guarantor whether or
not a claim for post-filing or post-petition interest is allowed in such proceeding).

The Subsidiary Guarantors further agree that, as between the Subsidiary Guarantors, on the one
hand, and the Holders, on the other hand, (x) the maturity of the Guaranteed Obligations Guaranteed
hereby may be accelerated as provided in this Indenture for the purposes of the Subsidiary
Guarantees herein, notwithstanding any stay, injunction or other prohibition preventing such
acceleration in respect of the Guaranteed Obligations Guaranteed hereby and (y) in the event of any
such declaration of acceleration of such Guaranteed Obligations, such Guaranteed Obligations
(whether or not due and payable) shall forthwith become due and payable by the Subsidiary
Guarantors for the purposes of the Subsidiary Guarantees herein.

Each Subsidiary Guarantor also agrees to pay any and all costs and expenses (including
reasonable attorneys’ fees and expenses) incurred by the Trustee or the Holders in enforcing any
rights under this Section 11.1.

SECTION 11.2. Limitation on Liability; Termination, Release and Discharge.

(a) Any term or provision of this Indenture to the contrary notwithstanding, the obligations
of each Subsidiary Guarantor hereunder will be limited to the maximum amount as will, after giving
effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving
effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor
in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or
pursuant to its contribution obligations under this Indenture, result in the obligations of such
Subsidiary Guarantor under its Subsidiary Guarantee not constituting a fraudulent conveyance or
fraudulent transfer under federal or state law and not otherwise being void or voidable under any
similar laws affecting the rights of creditors generally.

(b) In the event a Subsidiary Guarantor is sold or disposed of (whether by merger,
consolidation, the sale of its Capital Stock or the sale of all or substantially all of its assets
(other than by lease) and whether or not the Subsidiary Guarantor is the surviving corporation in
such transaction) to a Person which is not the Company or a Restricted Subsidiary of the Company,
such Subsidiary Guarantor will be released from its obligations under its Subsidiary Guarantee if:

(i) the sale or other disposition is in compliance with this Indenture, including
Section 3.5 (it being understood that only such portion of the Net Available Cash as
is required to be applied on or before the date of such release in accordance with the terms
of this Indenture needs to be applied in accordance therewith at such time) and Article
V; and

(ii) all the obligations of such Subsidiary Guarantor under all Credit Facilities and
related documentation, and any other agreements relating to any other Indebtedness of the
Company or its Restricted Subsidiaries terminate upon consummation of such transaction.

(c) In the event (a) a Subsidiary Guarantor is released and discharged in full from all of its
obligations under its Guarantees of (1) the Credit Facilities and (2) all other Indebtedness of the
Company and its Restricted Subsidiaries and (b) such Subsidiary Guarantor has not Incurred any
Indebtedness in reliance on its status as a Subsidiary Guarantor under Section 3.2 or such
Subsidiary Guarantor’s obligations under such Indebtedness are satisfied in full and discharged or
are otherwise permitted to be Incurred by a Restricted Subsidiary (other than a Subsidiary
Guarantor) under Section 3.2(b), then the Subsidiary Guarantee of such Subsidiary Guarantor
shall be automatically and unconditionally released or discharged. In addition, a Subsidiary
Guarantor will be released from its obligations under this Indenture and its Subsidiary Guarantee
if the Company designates such Subsidiary as an Unrestricted Subsidiary and such designation
complies with the other applicable provisions of this Indenture or in connection with any legal
defeasance of the Securities or upon satisfaction and discharge of this Indenture, each in
accordance with the terms of this Indenture.

(d) In order for a Subsidiary Guarantor to be released from its obligations under its
Subsidiary Guarantee in any of the cases set forth above, the Trustee may require that the
Subsidiary Guarantor will deliver to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent provided for in this Indenture relating to such
transaction and/or release have been complied with.

SECTION 11.3. No Subrogation. Notwithstanding any payment or payments made by any
Subsidiary Guarantor hereunder, no Subsidiary Guarantor shall be entitled to be subrogated to any
of the rights of the Trustee or any Holder against the Company or any other Subsidiary Guarantor or
any collateral security or guarantee or right of offset held by the Trustee or any Holder for the
payment of the Guaranteed Obligations, nor shall such Subsidiary Guarantor seek or be entitled to
seek any contribution or reimbursement from the Company or any other Subsidiary Guarantor in
respect of payments made by such Subsidiary Guarantor hereunder until all amounts owing to the
Trustee and the Holders by the Company on account of the Guaranteed Obligations are paid in full.
If any amount shall be paid to the Subsidiary Guarantor on account of such subrogation rights at
any time when all of the Guaranteed Obligations shall not have been paid in full, such amount shall
be held by such Subsidiary Guarantor in trust for the Trustee and the Holders, segregated from
other funds of such Subsidiary Guarantor, and shall, forthwith upon receipt by such Subsidiary
Guarantor, be turned over to the Trustee in the exact form received by such Subsidiary Guarantor
(duly indorsed by the Subsidiary Guarantor to the Trustee, if required), to be applied against the
Guaranteed Obligations.

ARTICLE XII

MISCELLANEOUS

SECTION 12.1. Trust Indenture Act Controls. If and to the extent that 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 provision required by the TIA shall control. Each
Subsidiary Guarantor in addition to performing its obligations under its Subsidiary Guarantee shall
perform such other obligations as may be imposed upon it with respect to this Indenture under the
TIA.

SECTION 12.2. Notices. Any notice or communication shall be in writing and delivered
in person, sent by facsimile, delivered by commercial courier service or mailed by first-class
mail, postage prepaid, addressed as follows:

	 
	if to the Company or a Subsidiary Guarantor:

	Deluxe Corporation

3680 Victoria St. N.

Shoreview, Minnesota 55126

Fax: (651) 787-2749

Attention: General Counsel

	with copies to:

	Dorsey & Whitney LLP

250 Park Avenue

New York, New York 10177

Fax: (212) 953-7201

Attention: Steven Khadavi, Esq.

	if to the Trustee:

	U.S. Bank National Association

Corporate Trust Services

60 Livingston Avenue

EP-MN-WS3C

St. Paul, MN 55107

Attention: Donald Hurrelbrink

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

Any notice or communication to the Company or the Subsidiary Guarantors shall be deemed to
have been given or made as of the date so delivered if personally delivered; when receipt is
acknowledged, if telecopied; and five calendar days after mailing if sent by registered or
certified mail, postage prepaid (except that a notice of change of address shall not be deemed to
have been given until actually received by the addressee).

Any notice or communication mailed to a registered Holder shall be mailed to the Holder at the
Holder’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 Holder or any defect in it shall not affect its
sufficiency with respect to other Holders. If a notice or communication is mailed in the manner
provided above, it is duly given, whether or not the addressee receives it, except that notices to
the Trustee shall be effective only upon receipt.

SECTION 12.3. Communication by Holders with other Holders. Holders may communicate
pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or
the Securities. The Company, the Trustee, the Registrar and anyone else shall have the protection
of TIA § 312(c).

SECTION 12.4. 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:

(a) 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

(b) 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, if any, provided for in this
Indenture relating to the proposed action have been complied with.

SECTION 12.5. Statements Required in Certificate or Opinion. Each certificate or
opinion with respect to compliance with a covenant or condition provided for in this Indenture
(other than pursuant to Section 3.18) shall include:

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

(b) 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;

(c) 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

(d) a statement as to whether or not, in the opinion of such individual, such covenant or
condition has been complied with.

In giving such Opinion of Counsel, counsel may rely as to factual matters on an Officers’
Certificate or on certificates of public officials.

SECTION 12.6. When Securities Disregarded. In determining whether the Holders of the
required aggregate principal amount of Securities have concurred in any direction, waiver or
consent, Securities owned by the Company, any Subsidiary Guarantor or any Affiliate of them 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 actually 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 12.7. Rules by Trustee, Paying Agent and Registrar. The Trustee may make
reasonable rules for action by, or at meetings of, Holders. The Registrar and the Paying Agent may
make reasonable rules for their functions.

SECTION 12.8. Legal Holidays. A “Legal Holiday” is a Saturday, a Sunday or
other day on which commercial banking institutions are authorized or required to be closed in New
York, New York. 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 12.9. Governing Law. THIS INDENTURE AND THE SECURITIES SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

SECTION 12.10. No Recourse Against Others.  No director, officer, employee,
incorporator or stockholder of the Company or any of the Subsidiary Guarantors, as such, shall have
any liability for any obligations of the Company or such Subsidiary Guarantor under the Securities,
this Indenture, the Subsidiary Guarantees or for any claim based on, in respect of, or by reason
of, such obligations or their creation. Each Holder of Securities by accepting a Security waives
and releases all such liability to the extent permitted by applicable law. The waiver and release
are part of the consideration for issuance of the Securities. Such waiver may not be effective to
waive liabilities under the federal securities laws, and it is the view of the SEC that such a
waiver is against public policy.

SECTION 12.11. Successors. Except as otherwise provided in Section 11.2
agreements of the Company and each Subsidiary Guarantor in this Indenture and the Securities shall
bind their respective successors. All agreements of the Trustee in this Indenture shall bind its
successors.

SECTION 12.12. 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 12.13. Qualification of Indenture. The Company shall qualify this Indenture
under the TIA in accordance with the terms and conditions of the Registration Rights Agreement.
The Trustee shall be entitled to receive from the Company any such Officers’ Certificates, Opinions
of Counsel or other documentation as it may reasonably request in connection with any such
qualification of this Indenture under the TIA.

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.

SECTION 12.15. Force Majeure. In no event shall the Trustee be responsible or liable
for any failure or delay in the performance of its obligations hereunder arising out of or caused
by, directly or indirectly, forces beyond its control, including strikes, work stoppages,
accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications
or computer (software and hardware) services; it being understood that the Trustee shall use
reasonable efforts which are consistent with accepted practices in the banking industry to resume
performance as soon as practicable under the circumstances.

SECTION 12.16. Waiver of Jury Trial. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT.

SECTION 12.17. Severability. In case any one or more of the provisions in this
Indenture or in the Securities shall be held invalid, illegal or unenforceable, in any respect for
any reason, the validity, legality and enforceability of any such provision in every other respect
and of the remaining provisions shall not in any way be affected or impaired thereby, it being
intended that all of the provisions hereof shall be enforceable to the full extent permitted by
law.

[Remainder of page left intentionally blank.]

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

DELUXE CORPORATION

	 	 	 
	By:       /s/ Terry D. Peterson—

	 

	Name:

Title:

	 	Terry D. Peterson

Senior Vice President, Chief Financial Officer

	 	 	ABACUS AMERICA, INC.

	 	 	 
	By: /s/ Terry D. Peterson

	 

	Name:

Title:

	 	Terry D. Peterson

Vice President and Treasurer

	 	 	CUSTOM DIRECT, INC.

	 	 	 
	By: /s/ Terry D. Peterson

	 

	Name:

Title:

	 	Terry D. Peterson

Vice President and Treasurer

	 	 	CUSTOM DIRECT LLC

	 	 	 
	By: /s/ Terry D. Peterson

	 

	Name:

Title:

	 	Terry D. Peterson

Vice President and Treasurer

	 	 	DELUXE BUSINESS OPERATIONS, INC.

	 	 	 
	By: /s/ Terry D. Peterson

	 

	Name:

Title:

	 	Terry D. Peterson

Vice President and Treasurer

	 	 	DELUXE ENTERPRISE OPERATIONS, INC.

	 	 	 
	By: /s/ Terry D. Peterson

	 

	Name:

Title:

	 	Terry D. Peterson

Vice President and Treasurer

	 	 	DELUXE FINANCIAL SERVICES, INC.

	 	 	 
	By: /s/ Terry D. Peterson

	 

	Name:

Title:

	 	Terry D. Peterson

Vice President and Treasurer

	 	 	DELUXE MANUFACTURING OPERATIONS, INC.

	 	 	 
	By: /s/ Terry D. Peterson

	 

	Name:

Title:

	 	Terry D. Peterson

Vice President and Treasurer

	 	 	DELUXE SMALL BUSINESS SALES, INC.

	 	 	 
	By: /s/ Terry D. Peterson

	 

	Name:

Title:

	 	Terry D. Peterson

Vice President and Treasurer

	 	 	HOSPTOPIA.COM INC.

	 	 	 
	By: /s/ Terry D. Peterson

	 

	Name:

Title:

	 	Terry D. Peterson

Vice President and Treasurer

	 	 	SAFEGUARD BUSINESS SYSTEMS, INC.

	 	 	 
	By: /s/ Terry D. Peterson

	 

	Name:

Title:

	 	Terry D. Peterson

Vice President and Treasurer

	 	 	SAFEGUARD HOLDINGS, INC.

	 	 	 
	By: /s/ Terry D. Peterson

	 

	Name:

Title:

	 	Terry D. Peterson

Vice President and Treasurer

4

	 	 	U.S. BANK NATIONAL ASSOCIATION

as Trustee

By:  /s/ Donald T. Hurrelbrink

Donald T. Hurrelbrink

Vice 

President

5

SCHEDULE A

List of Agreements

None.

6

EXHIBIT A

[FORM OF FACE OF RESTRICTED GLOBAL SECURITY]

[Applicable Restricted Securities Legend]

[Depository Legend]

[OID Legend, if applicable]

	 	 	No.    Principal Amount $ , as

revised by the Schedule of Increases and

Decreases in Global Security attached hereto

CUSIP NO.   

ISIN:       

DELUXE CORPORATION

7.00% Senior Note due 2019

DELUXE CORPORATION, a Minnesota corporation, promises to pay to Cede & Co., or its registered
assigns, the principal sum of [      ] DOLLARS, as revised by the Schedule of Increases
and Decreases in Global Security attached hereto, on March 15, 2019.

	 	 	 	Interest Payment Dates: March 15 and September 15 commencing on September 15, 2011

Record Dates: March 1 and September 1

Additional provisions of this Security are set forth on the other side of this Security.

7

DELUXE CORPORATION

	 	 	 	By:
     

Name:

Title:

Date:

8

TRUSTEE’S CERTIFICATE OF

AUTHENTICATION

U.S. BANK NATIONAL ASSOCIATION

as Trustee, certifies

that this is one of

the Securities referred

to in the within mentioned Indenture.

By:      

Authorized Signatory

Date:

[FORM OF REVERSE SIDE OF RESTRICTED GLOBAL SECURITY]

DELUXE CORPORATION

7.00% Senior Note due 2019

	 	 	Interest

Deluxe Corporation, a Minnesota 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 a rate per annum equal to 7.00%,
commencing March 15, 2011 until maturity and shall pay Additional Interest, if any, payable
pursuant to Section 2(d) of the Registration Rights Agreement referred to below. The Company shall
make each interest payment in cash semi-annually in arrears on March 15 and September 15 of each
year commencing September 15, 2011, or if any such day is not a Business Day, on the next
succeeding Business Day (each an “Interest Payment Date”). Notwithstanding the foregoing,
if any such Interest Payment Date (other than an Interest Payment Date at maturity) would otherwise
be a day that is not a Business Day, then the interest payment will be postponed to the next
succeeding Business Day. If the maturity date of the Securities is a day that is not a Business
Day, all payments to be made on such day will be made on the next succeeding Business Day, with the
same force and effect as if made on the maturity date, and no additional interest will be payable
as a result of such delay in payment. The Company shall pay interest on overdue principal, and on
overdue premium, if any (plus interest on such interest to the extent lawful), at the rate borne by
the Securities to the extent lawful. Interest on the Securities will be computed on the basis of a
360-day year consisting of twelve 30-day months.

In the event that either the exchange offer registered under the Securities Act (the
“Exchange Offer”) is not completed within 340 calendar days after the Securities are issued
or the shelf registration statement (the “Shelf Registration Statement”), if required by
the Registration Rights Agreement, dated as of March 15, 2011, among the Company, the Subsidiary
Guarantors and the Initial Purchasers (the “Registration Rights Agreement”), has not become
effective before the date that is 340 days after the Issue Date (the “Target Registration
Date”), the interest rate on the Securities will be increased by (i) 0.25% per annum for the
first 90-day period immediately following the Target Registration Date and (ii) an additional 0.25%
per annum with respect to each subsequent 90-day period, in each case until the Exchange Offer is
completed or the Shelf Registration Statement, if required by the Registration Rights Agreement,
becomes effective or the Securities become freely tradable under the Securities Act, up to a
maximum increase of 1.00% per annum.

If the Shelf Registration Statement, if required by the Registration Rights Agreement, has
become effective and thereafter either ceases to be effective or the Prospectus (as defined in the
Registration Rights Agreement) ceases to be usable, in each case whether or not permitted by the
Registration Rights Agreement, at any time during the Shelf Effectiveness Period (as defined in the
Registration Rights Agreement), and such failure to remain effective or usable exists for more than
90 days (whether or not consecutive) in any 12-month period, then the interest rate on the
Securities covered by the Shelf Registration Statement will be increased by (i) 0.25% per annum for
the first 90-day period commencing on the 91st day in such twelve month period and (ii)
an additional 0.25% per annum with respect to each subsequent 90-day period and ending, in the case
of clauses (i) and (ii), on such date that the Shelf Registration Statement has again become
effective or the Prospectus again becomes usable, up to a maximum increase of 1.00% per annum.

The Holder of this Security is entitled to the benefits of the Registration Rights Agreement.

	 	 	Method of Payment

By no later than 10:00 a.m. (New York City time) on the date on which any principal of,
premium, if any, or interest on any Security is due and payable, the Company shall irrevocably
deposit with the Trustee or the Paying Agent money sufficient to pay such principal, premium, if
any, and/or interest. The Company will pay interest (except Defaulted Interest) to the Persons who
are registered Holders of Securities at the close of business on the record date next preceding the
interest payment date even if Securities are cancelled, repurchased or redeemed 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, premium, if any, 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 Securities represented by a Global Security (including
principal, premium, if any, and interest) will be made by the transfer of immediately available
funds to the accounts specified by The Depository Trust Company, or any successor depository. The
Company will make all payments in respect of a Definitive Security (including principal, premium,
if any, and interest) by mailing a check to the registered address of each Holder thereof;
provided, however, that payments on the Securities may also be made, in the case of a Holder of at
least $1,000,000 aggregate principal amount of Securities, 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 15 days immediately preceding the relevant due date for
payment (or such other date as the Trustee may accept in its discretion).

	 	 	Trustee, Paying Agent and Registrar

Initially, U.S. Bank National Association (the “Trustee”) will act as Trustee, Paying
Agent and Registrar. The Company may appoint and change any Paying Agent, Registrar or
co-registrar without notice to any Holder. The Company or any of the domestically organized
Restricted Subsidiaries may act as Paying Agent, Registrar or co-registrar.

	 	 	Indenture

The Company issued the Securities under an Indenture dated as of March 15, 2011 (as it may be
amended or supplemented from time to time in accordance with the terms thereof, 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) as in effect on
the date of the Indenture (the “Act”). Capitalized terms used herein and not defined
herein have the meanings ascribed thereto in the Indenture. The Securities are subject to all
terms and provisions of the Indenture, and Holders are referred to the Indenture and the Act for a
statement of those terms.

The Securities are general senior unsecured obligations of the Company. The aggregate
principal amount of securities that may be authenticated and delivered under the Indenture is
unlimited. This Security is one of the 7.00% Senior Notes due 2019 referred to in the Indenture.
The Securities include (i) $200,000,000 aggregate principal amount of the Company’s 7.00% Senior
Notes due 2019 issued under the Indenture on March 15, 2011 (herein called “Initial
Securities”), (ii) if and when issued, an unlimited principal amount of additional 7.00% Senior
Notes due 2019 in a non-registered or registered offering of the Company, that may be offered from
time to time subsequent to the Issue Date (the “Additional Securities”), and (iii) if and
when issued, the Company’s 7.00% Senior Notes due 2019, that may be issued from time to time if and
when issued in exchange for Initial Securities or any Additional Securities as provided in the
Registration Rights Agreement, registered under the Securities Act (the “Exchange
Securities” and, together with the Initial Securities and any Additional Securities, the
“Securities”). The Initial Securities, Additional Securities and Exchange Securities are
treated as a single class of securities under the Indenture. The Indenture imposes certain
limitations on the incurrence of indebtedness, the making of restricted payments, the sale of
assets and subsidiary stock, the incurrence of certain liens, affiliate transactions, the making of
payments for consents, the entering into of agreements that restrict distributions from restricted
subsidiaries and the consummation of mergers and consolidations, among other things. The Indenture
also imposes requirements with respect to the provision of financial information and permits the
suspension of certain covenants if the Company obtains an Investment Grade Rating.

	 	 	Subsidiary Guarantees

To guarantee the due and punctual payment of the principal of and premium, if any, and
interest (including post-filing or post-petition interest) on the Securities and all other amounts
payable by the Company under the Indenture and the Securities when and as the same shall be due and
payable, whether at maturity, by acceleration or otherwise, according to the terms of the
Securities and the Indenture, the Subsidiary Guarantors have unconditionally guaranteed (and future
guarantors, together with the Subsidiary Guarantors, shall unconditionally Guarantee), jointly and
severally, such obligations on a senior unsecured basis pursuant to the terms of the Indenture.

	 	 	Redemption

Except as set forth below, the Securities will not be redeemable at the option of the Company
prior to March 15, 2015. On and after such date, the Securities will be redeemable, at the
Company’s option, in whole or in part, at any time from time to time, upon not less than 30 nor
more than 60 days’ prior notice, at the following redemption prices (expressed in percentages of
principal amount), plus accrued and unpaid interest on the Securities, if any, to the applicable
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 March 15 of the years set forth below:

	 	 	 	 	 
	Year	 	Percentage
	2015.

	 	 	103.500	%
	2016.

	 	 	101.750	%
	2017 and thereafter

	 	 	100.000	%

In addition, at any time and from time to time prior to March 15, 2014, the Company may on any
one or more occasions redeem up to 35% of the original principal amount of the Securities with the
Net Cash Proceeds of one or more Equity Offerings at a redemption price of 107.00% of the principal
amount thereof, 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); provided, that at least 65% of the original principal amount of the
Securities must remain outstanding after each such redemption and that each such redemption occurs
within 90 days of the date of closing of such Equity Offering.

In addition, at any time prior to March 15, 2015, the Company may redeem the Securities, in
whole or in part, upon not less than 30 days nor more than 60 days prior notice, at a redemption
price equal to 100% of the principal amount thereof plus the Applicable Premium 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).

“Applicable Premium” means, with respect to a Security at any redemption date, the greater of
(i) 1.0% of the principal amount of such Security and (ii) the excess of (A) the present value at
such time of (1) the redemption price of such Security at March 15, 2015 plus (2) all required
interest payments due on such Security through March 15, 2015, computed using a discount rate equal
to the Treasury Rate plus 50 basis points, over (B) the principal amount of such Security.

“Treasury Rate” means the yield to maturity at the time of computation of United States
Treasury securities with a constant maturity (as compiled and published in the most recent Federal
Reserve Statistical Release H.15 (519) which 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 or similar market data)) most nearly equal to the period from the
redemption date to March 15, 2015; provided, however, that if the period from the redemption date
to March 15, 2015 is not equal to the constant maturity of a United States Treasury security for
which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation
(calculated to the nearest one-twelfth of a year) from the weekly average yields of United States
Treasury securities for which such yields are given, except that if the period from the redemption
date to March 15, 2015 is less than one year, the weekly average yield on actually traded United
States Treasury securities adjusted to a constant maturity of one year shall be used.

If the optional redemption date is on or after an interest record date and on or before the
related interest payment date, the accrued and unpaid interest, if any, will be paid to the Person
in whose name the Security is registered at the close of business on such record date, and no
Additional Interest will be payable to Holders whose Securities will be subject to redemption by
the Company.

In the case of any partial redemption, selection of the Securities for redemption will be made
by the Trustee on a pro rata basis, by lot or by such other method as the Trustee in its sole
discretion shall deem to be fair and appropriate, although no Securities of $2,000 in original
principal amount or less will be redeemed in part. Any such notice to the Trustee may be cancelled
at any time prior to notice of such redemption being mailed to any Holder and shall thereby be void
and of no effect. If any Security is to be redeemed in part only, the notice of redemption
relating to such Security shall state the portion of the principal amount thereof to be redeemed. A
new Security in principal amount equal to the unredeemed portion thereof will be issued in the name
of the Holder thereof upon cancellation of the original Security. On and after the redemption
date, interest will cease to accrue on Securities or portions thereof called for redemption as long
as the Company has deposited with the Paying Agent funds in satisfaction of the applicable
redemption price pursuant to the Indenture.

	 	 	Repurchase Provisions

If a Change of Control occurs, unless the Company has exercised its right to redeem all of the
Securities as described under paragraph 6 of the Securities, then such Change of Control shall
constitute a triggering event which shall trigger the obligation of the Company to offer to
repurchase from each Holder all or any part (equal to $2,000 and integral multiples of $1,000 in
excess thereof) of such Holder’s Securities at a purchase price in cash equal to 101% of the
principal amount thereof, plus accrued and unpaid interest, if any, to the date of repurchase
(subject to the right of Holders of record on the relevant record date to receive interest due on
the relevant interest payment date) as provided in, and subject to the terms of, the Indenture.

The Company may be required to make an offer to purchase Securities in the event of an Asset
Disposition as set forth in Section 3.5 of the Indenture.

	 	 	Denominations; Transfer; Exchange

The Securities are in registered form without coupons in denominations of principal amount of
$2,000 and whole 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 a sum sufficient to
cover any transfer tax or other governmental taxes and fees required by law or permitted by the
Indenture. The Registrar need not register the transfer of or exchange of any Security (i) for a
period beginning 15 days before the mailing of a notice of an offer to repurchase or redeem the
selection of Securities to be redeemed and ending at the close of business on the day of such
mailing or (ii) for a period of 15 days before a record date for the payment of interest and ending
on the applicable succeeding interest payment date. The Registrar shall not be required to
register the transfer of or exchange of any Security selected for redemption.

	 	 	Persons Deemed Owners

The registered Holder of this Security may be treated as the owner of it for all purposes.

	 	 	Unclaimed Money

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 of or premium, if
any, or interest on the Securities that remains unclaimed by the Holders thereof for two years,
and, thereafter, Holders entitled to the money must look to the Company for payment as unsecured
general creditors.

	 	 	Defeasance

Subject to certain exceptions and conditions set forth in the Indenture, the Company at any
time may terminate some or all of its obligations under the Securities and the Indenture if the
Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal
of and premium, if any, and interest on the Securities to redemption or maturity, as the case may
be.

	 	 	Amendment, Supplement, Waiver

Subject to certain exceptions set forth in the Indenture, (i) the Indenture and the Securities
may be amended or supplemented by the Company and the Trustee with the written consent of the
Holders of at least a majority in principal amount of the then outstanding Securities and (ii) any
default (other than with respect to nonpayment (except in accordance with Section 7.4 of
the Indenture)) or noncompliance with any provision may be waived with the written consent of the
Holders of a majority in principal amount of the then outstanding Securities and except as
otherwise set forth in the Indenture, in each case other than in respect of a provision that cannot
be amended without the written consent of each Holder affected. Subject to certain exceptions set
forth in the Indenture, without the consent of any Holder, the Company, the Subsidiary Guarantors
and the Trustee may amend or supplement the Indenture, the Securities or the Subsidiary Guarantees
to cure any ambiguity, omission, defect or inconsistency; provide for the assumption by a successor
corporation of the obligations of the Company under the Indenture or the assumption by a successor
corporation, partnership or limited liability company of any Subsidiary Guarantor under the
Indenture; 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 in a manner such that the uncertificated Securities are described
in Section 163(f) (2) (B) of the Code); add Guarantees with respect to the Securities or release a
Subsidiary Guarantor from its obligations under its Subsidiary Guarantee or the Indenture in
accordance with the applicable provisions of the Indenture; secure the Securities, the Subsidiary
Guarantees or any other Guarantees of the Securities; add to the covenants of the Company or the
Restricted Subsidiaries for the benefit of the holders or surrender any right or power conferred
upon the Company or any Restricted Subsidiary; make any change that does not adversely affect the
rights of any Holder; comply with any requirement of the SEC in connection with the qualification
of the Indenture under the Act; provide for the appointment of a successor Trustee; provided that
the successor Trustee is otherwise qualified and eligible to act as such under the terms of the
Indenture; provide for the issuance of Exchange Securities in accordance with the provisions set
forth in the Indenture; or conform the text of the Indenture, the Securities or the Subsidiary
Guarantees to any provision under “Description of notes” in the Offering Memorandum to the extent
that such provision in “Description of notes” was intended to be a verbatim recitation of a
provision of the Indenture, the Securities or the Subsidiary Guarantees.

	 	 	Defaults and Remedies

Under the Indenture, Events of Default include (each of which are more specifically described
in the Indenture): (i) default for 30 days in any payment when due of interest on, or Additional
Interest (if required by the Registration Rights Agreement) with respect to, any Security; (ii)
default in the payment of principal of or premium, if any, on any Security when due at its Stated
Maturity, upon optional redemption, upon required repurchase, upon declaration or otherwise; (iii)
failure by the Company or any Subsidiary Guarantor to comply with its obligations under Article V
of the Indenture; (iv) failure by the Company or any Subsidiary Guarantor to comply for 60 days
after notice as provided below with its other agreements contained in the Indenture; (v) default
under any mortgage, indenture or instrument under which there may be issued or by which there may
be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted
Subsidiaries (or the payment of which is guaranteed by the Company or any of its Restricted
Subsidiaries), other than Indebtedness owed to the Company or a Restricted Subsidiary, whether such
Indebtedness or guarantee now exists, or is created after the Issue Date, which default: (a) is
caused by a failure to pay principal of, or interest or premium, if any, on such Indebtedness after
any grace period provided in such Indebtedness or (b) results in the acceleration of such
Indebtedness prior to its maturity, and, in each case, the principal amount of any such
Indebtedness, together with the principal amount of any other such Indebtedness under which there
has been a payment default or the maturity of which has been so accelerated, aggregates $75.0
million or more; (vi) a Bankruptcy Law Event of Default; (vii) failure by the Company or any
Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the latest
audited consolidated financial statements for the Company and its Restricted Subsidiaries), would
constitute a Significant Subsidiary to pay final judgments aggregating in excess of $75.0 million
(net of any amounts that a reputable and creditworthy insurance company has acknowledged liability
for in writing), which judgments are not paid, discharged or stayed for a period of 60 days; or
(viii) any Subsidiary Guarantee of a Significant Subsidiary or group of Restricted Subsidiaries
that, taken together (as of the latest audited consolidated financial statements for the Company
and its Restricted Subsidiaries), would constitute a Significant Subsidiary ceases to be in full
force and effect (except as contemplated by the terms of the Indenture) or is declared null and
void in a judicial proceeding or any Subsidiary Guarantor that is a Significant Subsidiary or group
of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial
statements for the Company and its Restricted Subsidiaries), would constitute a Significant
Subsidiary denies or disaffirms its obligations under the Indenture or its Subsidiary Guarantee.
However, a default under clause (iv) of this paragraph will not constitute an Event of Default
until the Trustee or the Holders of 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 in
clause (iv) of this paragraph after receipt of such notice.

If an Event of Default (other than an Event of Default described in clause (vi) above) occurs
and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in
principal amount of the outstanding Securities by notice to the Company and the Trustee, may, and
the Trustee at the request of such Holders shall, declare the principal of, premium, if any, and
accrued and unpaid interest, if any, on all the Securities to be due and payable. Upon such a
declaration, such principal, premium and accrued and unpaid interest will be due and payable
immediately. If an Event of Default described in clause (vi) above occurs and is continuing, the
principal of, premium, if any, and accrued and unpaid interest on all the Securities will become
and be immediately due and payable without any declaration or other act on the part of the Trustee
or any Holders.

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 reasonably 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 Holders notice of any continuing Default or Event of Default (except
a Default or Event of Default in payment of principal, premium, if any, or interest) if it
determines in good faith that withholding notice is in their interest.

	 	 	Trustee Dealings with the Company

Subject to certain limitations set forth in the Indenture, 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, the Subsidiary Guarantors or
their Affiliates and may otherwise deal with the Company, the Subsidiary Guarantors or their
Affiliates with the same rights it would have if it were not Trustee.

	 	 	No Recourse Against Others

No director, officer, employee, incorporator, stockholder or member of the Company or any
Subsidiary or Affiliate of the Company, as such, shall have any liability for any obligations of
the Company under the Securities, the Indenture, the Subsidiary Guarantees or the Registration
Rights Agreement or for any claim based on, in respect of, or by reason of, such obligations or
their creation. Each Holder by accepting a Security waives and releases all such liability. The
waiver and release are part of the consideration for issuance of the Securities. Such waiver may
not be effective to waive liabilities under the federal securities laws and it is the view of the
SEC that such a waiver is against public policy.

	 	 	Authentication

This Security shall not be valid until an authorized signatory of the Trustee (or an
authenticating agent acting on its behalf) manually signs the certificate of authentication on the
other side of this Security.

	 	 	Abbreviations

Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=
tenants in common), TEN ENT (= tenants by the entirety), JT TEN (= joint tenants with rights of
survivorship and not as tenants in common), CUST (= custodian) and U/G/M/A (= Uniform Gift to
Minors Act).

	 	 	CUSIP, Common Code and ISIN Numbers

The Company has caused CUSIP, Common Code or ISIN numbers, if applicable, to be printed on the
Securities and has directed the Trustee to use CUSIP, Common Code or ISIN numbers, if applicable,
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.

	 	 	Governing Law

This Security shall be governed by, and construed in accordance with, the laws of the State of
New York.

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

Deluxe Corporation

3680 Victoria St. N.

Shoreview, Minnesota 55126

Attention: General Counsel

9

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 social security 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:      

Signature Guarantee:      

(Signature must be guaranteed)

Sign exactly as your name appears on the other side of this Security.

The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers,
savings and loan associations and credit unions with membership in an approved signature guarantee
medallion program), pursuant to SEC Rule 17Ad-15.

In connection with any transfer or exchange of any of the Securities evidenced by this
certificate occurring prior to the date that is one year after the later of the date of original
issuance of such Securities, the original issue date of any Additional 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:

	 	 	 
	CHECK ONE BOX BELOW:
	1 ̈

2 ̈
	 	acquired for the undersigned’s own account, without transfer; or

transferred to the Company or any Subsidiary of the Company; or

	 	3 ̈	 	transferred pursuant to and in compliance with Rule 144A under the Securities Act
of 1933, as amended (the “Securities Act”); or

	 	4 ̈	 	transferred pursuant to an effective registration statement under the Securities
Act; or

	 	5 ̈	 	transferred pursuant to and in compliance with Regulation S under the Securities
Act; or

	 	6 ̈	 	transferred to an institutional “accredited investor” (within the meaning of Rule
501(a)(1), (2), (3) or (7) under the Securities Act), that has furnished to the Trustee
a signed letter containing certain representations and agreements (the form of which
letter appears as Section 2.7 of the Indenture); or

	 	7 ̈	 	transferred pursuant to another available exemption from the registration
requirements of the Securities Act.

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), (6) or (7) is checked, the Trustee or the Company may require,
prior to registering any such transfer of the Securities, the delivery of an opinion of counsel,
certification and/or other information satisfactory to each of them 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, such as the exemption provided by Rule 144 under such Act.

      

	 	 	 
	Signature Guarantee:

	 	Signature

	     

(Signature must be guaranteed)

	 	     

Signature

The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers,
savings and loan associations and credit unions with membership in an approved signature guarantee
medallion program), pursuant to SEC Rule 17Ad-15.

TO BE COMPLETED BY PURCHASER IF (1) OR (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 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:

10

[TO BE ATTACHED TO GLOBAL SECURITIES]

SCHEDULE OF INCREASES AND DECREASES IN GLOBAL SECURITY

The following increases and decreases in this Global Security have been made:

	 	 	 	 	 	 	 	 	 
	Date of Decrease or

Increase
	 	Amount of decrease

in Principal Amount

of this Global

Security
	 	Amount of increase

in Principal Amount

of this Global

Security
	 	Principal Amount of

this Global

Security following

such decrease or

increase
	 	Signature of

authorized

signatory of

Trustee or

Securities

Custodian

	     
	 	     
	 	     
	 	     
	 	     

11

OPTION OF HOLDER TO ELECT PURCHASE

If you elect to have this Security purchased by the Company pursuant to Section 3.5 or
Section 3.9 of the Indenture, check the appropriate box:

 ̈  ̈

3.5 3.9

If you want to elect to have only part of this Security purchased by the Company pursuant to
Section 3.5 or Section 3.9 of the Indenture, state the amount in principal amount
(must be in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof):
$     

Date:        Your Signature:       

                    (Sign exactly as your name appears on the other side of the Security)

Signature Guarantee:       

(Signature must be guaranteed)

The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers,
savings and loan associations and credit unions with membership in an approved signature guarantee
medallion program), pursuant to SEC Rule 17Ad-15.

EXHIBIT B

[FORM OF FACE OF GLOBAL SECURITY]

[Depository Legend]

[OID Legend, if applicable]

	 	 	No.    Principal Amount $ , as

revised by the Schedule of Increases and

Decreases in Global Security attached hereto

CUSIP NO.   

ISIN:       

DELUXE CORPORATION

7.00% Senior Note due 2019

DELUXE CORPORATION, a Minnesota corporation, promises to pay to Cede & Co., or its registered
assigns, the principal sum of [      ] DOLLARS, as revised by the Schedule of Increases
and Decreases in Global Security attached hereto, on March 15, 2019.

	 	 	 	Interest Payment Dates: March 15 and September 15 commencing on September 15, 2011

Record Dates: March 1 and September 1

Additional provisions of this Security are set forth on the other side of this Security.

12

DELUXE CORPORATION

	 	 	 	By:
     

Name:

Title:

Date:

13

TRUSTEE’S CERTIFICATE OF

AUTHENTICATION

U.S. BANK NATIONAL ASSOCIATION

as Trustee, certifies

that this is one of

the Securities referred

to in the within mentioned Indenture.

By:      

Authorized Signatory

Date:

[FORM OF REVERSE SIDE OF GLOBAL SECURITY]

DELUXE CORPORATION

7.00% Senior Note due 2019

	 	 	1.    Interest

Deluxe Corporation, a Minnesota 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 a rate per annum equal to 7.00%,
commencing March 15, 2011 until maturity. The Company shall make each interest payment in cash
semi-annually in arrears on March 15 and September 15 of each year commencing September 15, 2011,
or if any such day is not a Business Day, on the next succeeding Business Day (each an
“Interest Payment Date”). Notwithstanding the foregoing, if any such Interest Payment Date
(other than an Interest Payment Date at maturity) would otherwise be a day that is not a Business
Day, then the interest payment will be postponed to the next succeeding Business Day. If the
maturity date of the Securities is a day that is not a Business Day, all payments to be made on
such day will be made on the next succeeding Business Day, with the same force and effect as if
made on the maturity date, and no additional interest will be payable as a result of such delay in
payment. The Company shall pay interest on overdue principal, and on overdue premium, if any (plus
interest on such interest to the extent lawful), at the rate borne by the Securities to the extent
lawful. Interest on the Securities will be computed on the basis of a 360-day year consisting of
twelve 30-day months.

	 	 	Method of Payment

By no later than 10:00 a.m. (New York City time) on the date on which any principal of,
premium, if any, or interest on any Security is due and payable, the Company shall irrevocably
deposit with the Trustee or the Paying Agent money sufficient to pay such principal, premium, if
any, and/or interest. The Company will pay interest (except Defaulted Interest) to the Persons who
are registered Holders of Securities at the close of business on the record date next preceding the
interest payment date even if Securities are cancelled, repurchased or redeemed 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, premium, if any, 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 Securities represented by a Global Security (including
principal, premium, if any, and interest) will be made by the transfer of immediately available
funds to the accounts specified by The Depository Trust Company, or any successor depository. The
Company will make all payments in respect of a Definitive Security (including principal, premium,
if any, and interest) by mailing a check to the registered address of each Holder thereof;
provided, however, that payments on the Securities may also be made, in the case of a Holder of at
least $1,000,000 aggregate principal amount of Securities, 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 15 days immediately preceding the relevant due date for
payment (or such other date as the Trustee may accept in its discretion).

	 	 	Trustee, Paying Agent and Registrar

Initially, U.S. Bank National Association (the “Trustee”) will act as Trustee, Paying
Agent and Registrar. The Company may appoint and change any Paying Agent, Registrar or
co-registrar without notice to any Holder. The Company or any of the domestically organized
Restricted Subsidiaries may act as Paying Agent, Registrar or co-registrar.

	 	 	Indenture

The Company issued the Securities under an Indenture dated as of March 15, 2011 (as it may be
amended or supplemented from time to time in accordance with the terms thereof, 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) as in effect on
the date of the Indenture (the “Act”). Capitalized terms used herein and not defined
herein have the meanings ascribed thereto in the Indenture. The Securities are subject to all
terms and provisions of the Indenture, and Holders are referred to the Indenture and the Act for a
statement of those terms.

The Securities are general senior unsecured obligations of the Company. The aggregate
principal amount of securities that may be authenticated and delivered under the Indenture is
unlimited. This Security is one of the 7.00% Senior Notes due 2019 referred to in the Indenture.
The Securities include (i) $200,000,000 aggregate principal amount of the Company’s 7.00% Senior
Notes due 2019 issued under the Indenture on March 15, 2011 (herein called “Initial
Securities”), (ii) if and when issued, an unlimited principal amount of additional 7.00% Senior
Notes due 2019 in a non-registered or registered offering of the Company, that may be offered from
time to time subsequent to the Issue Date (the “Additional Securities”), and (iii) if and
when issued, the Company’s 7.00% Senior Notes due 2019, that may be issued from time to time if and
when issued in exchange for Initial Securities or any Additional Securities as provided in the
Registration Rights Agreement, registered under the Securities Act (the “Exchange
Securities” and, together with the Initial Securities and any Additional Securities, the
“Securities”). The Initial Securities, Additional Securities and Exchange Securities are
treated as a single class of securities under the Indenture. The Indenture imposes certain
limitations on the incurrence of indebtedness, the making of restricted payments, the sale of
assets and subsidiary stock, the incurrence of certain liens, affiliate transactions, the making of
payments for consents, the entering into of agreements that restrict distributions from restricted
subsidiaries and the consummation of mergers and consolidations, among other things. The Indenture
also imposes requirements with respect to the provision of financial information and permits the
suspension of certain covenants if the Company obtains an Investment Grade Rating.

	 	 	Subsidiary Guarantees

To guarantee the due and punctual payment of the principal of and premium, if any, and
interest (including post-filing or post-petition interest) on the Securities and all other amounts
payable by the Company under the Indenture and the Securities when and as the same shall be due and
payable, whether at maturity, by acceleration or otherwise, according to the terms of the
Securities and the Indenture, the Subsidiary Guarantors have unconditionally guaranteed (and future
guarantors, together with the Subsidiary Guarantors, shall unconditionally Guarantee), jointly and
severally, such obligations on a senior unsecured basis pursuant to the terms of the Indenture.

	 	 	Redemption

Except as set forth below, the Securities will not be redeemable at the option of the Company
prior to March 15, 2015. On and after such date, the Securities will be redeemable, at the
Company’s option, in whole or in part, at any time from time to time, upon not less than 30 nor
more than 60 days’ prior notice, at the following redemption prices (expressed in percentages of
principal amount), plus accrued and unpaid interest on the Securities, if any, to the applicable
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 March 15 of the years set forth below:

	 	 	 	 	 
	Year	 	Percentage
	2015.

	 	 	103.500	%
	2016.

	 	 	101.750	%
	2017 and thereafter

	 	 	100.000	%

In addition, at any time and from time to time prior to March 15, 2014, the Company may on any
one or more occasions redeem up to 35% of the original principal amount of the Securities with the
Net Cash Proceeds of one or more Equity Offerings at a redemption price of 107.00% of the principal
amount thereof, 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); provided, that at least 65% of the original principal amount of the
Securities must remain outstanding after each such redemption and that each such redemption occurs
within 90 days of the date of closing of such Equity Offering.

In addition, at any time prior to March 15, 2015, the Company may redeem the Securities, in
whole or in part, upon not less than 30 days nor more than 60 days prior notice, at a redemption
price equal to 100% of the principal amount thereof plus the Applicable Premium 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).

“Applicable Premium” means, with respect to a Security at any redemption date, the greater of
(i) 1.0% of the principal amount of such Security and (ii) the excess of (A) the present value at
such time of (1) the redemption price of such Security at March 15, 2015 plus (2) all required
interest payments due on such Security through March 15, 2015, computed using a discount rate equal
to the Treasury Rate plus 50 basis points, over (B) the principal amount of such Security.

“Treasury Rate” means the yield to maturity at the time of computation of United States
Treasury securities with a constant maturity (as compiled and published in the most recent Federal
Reserve Statistical Release H.15 (519) which 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 or similar market data)) most nearly equal to the period from the
redemption date to March 15, 2015; provided, however, that if the period from the redemption date
to March 15, 2015 is not equal to the constant maturity of a United States Treasury security for
which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation
(calculated to the nearest one-twelfth of a year) from the weekly average yields of United States
Treasury securities for which such yields are given, except that if the period from the redemption
date to March 15, 2015 is less than one year, the weekly average yield on actually traded United
States Treasury securities adjusted to a constant maturity of one year shall be used.

If the optional redemption date is on or after an interest record date and on or before the
related interest payment date, the accrued and unpaid interest, if any, will be paid to the Person
in whose name the Security is registered at the close of business on such record date, and no
Additional Interest will be payable to Holders whose Securities will be subject to redemption by
the Company.

In the case of any partial redemption, selection of the Securities for redemption will be made
by the Trustee on a pro rata basis, by lot or by such other method as the Trustee in its sole
discretion shall deem to be fair and appropriate, although no Securities of $2,000 in original
principal amount or less will be redeemed in part. Any such notice to the Trustee may be cancelled
at any time prior to notice of such redemption being mailed to any Holder and shall thereby be void
and of no effect. If any Security is to be redeemed in part only, the notice of redemption
relating to such Security shall state the portion of the principal amount thereof to be redeemed. A
new Security in principal amount equal to the unredeemed portion thereof will be issued in the name
of the Holder thereof upon cancellation of the original Security. On and after the redemption
date, interest will cease to accrue on Securities or portions thereof called for redemption as long
as the Company has deposited with the Paying Agent funds in satisfaction of the applicable
redemption price pursuant to the Indenture.

	 	 	Repurchase Provisions

If a Change of Control occurs, unless the Company has exercised its right to redeem all of the
Securities as described under paragraph 6 of the Securities, then such Change of Control shall
constitute a triggering event which shall trigger the obligation of the Company to offer to
repurchase from each Holder all or any part (equal to $2,000 and integral multiples of $1,000 in
excess thereof) of such Holder’s Securities at a purchase price in cash equal to 101% of the
principal amount thereof, plus accrued and unpaid interest, if any, to the date of repurchase
(subject to the right of Holders of record on the relevant record date to receive interest due on
the relevant interest payment date) as provided in, and subject to the terms of, the Indenture.

The Company may be required to make an offer to purchase Securities in the event of an Asset
Disposition as set forth in Section 3.5 of the Indenture.

	 	 	Denominations; Transfer; Exchange

The Securities are in registered form without coupons in denominations of principal amount of
$2,000 and whole 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 a sum sufficient to
cover any transfer tax or other governmental taxes and fees required by law or permitted by the
Indenture. The Registrar need not register the transfer of or exchange of any Security (i) for a
period beginning 15 days before the mailing of a notice of an offer to repurchase or redeem the
selection of Securities to be redeemed and ending at the close of business on the day of such
mailing or (ii) for a period of 15 days before a record date for the payment of interest and ending
on the applicable succeeding interest payment date. The Registrar shall not be required to
register the transfer of or exchange of any Security selected for redemption.

	 	 	Persons Deemed Owners

The registered Holder of this Security may be treated as the owner of it for all purposes.

	 	 	Unclaimed Money

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 of or premium, if
any, or interest on the Securities that remains unclaimed by the Holders thereof for two years,
and, thereafter, Holders entitled to the money must look to the Company for payment as unsecured
general creditors.

	 	 	Defeasance

Subject to certain exceptions and conditions set forth in the Indenture, the Company at any
time may terminate some or all of its obligations under the Securities and the Indenture if the
Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal
of and premium, if any, and interest on the Securities to redemption or maturity, as the case may
be.

	 	 	Amendment, Supplement, Waiver

Subject to certain exceptions set forth in the Indenture, (i) the Indenture and the Securities
may be amended or supplemented by the Company and the Trustee with the written consent of the
Holders of at least a majority in principal amount of the then outstanding Securities and (ii) any
default (other than with respect to nonpayment (except in accordance with Section 7.4 of
the Indenture)) or noncompliance with any provision may be waived with the written consent of the
Holders of a majority in principal amount of the then outstanding Securities and except as
otherwise set forth in the Indenture, in each case other than in respect of a provision that cannot
be amended without the written consent of each Holder affected. Subject to certain exceptions set
forth in the Indenture, without the consent of any Holder, the Company, the Subsidiary Guarantors
and the Trustee may amend or supplement the Indenture, the Securities or the Subsidiary Guarantees
to cure any ambiguity, omission, defect or inconsistency; provide for the assumption by a successor
corporation of the obligations of the Company under the Indenture or the assumption by a successor
corporation, partnership or limited liability company of any Subsidiary Guarantor under the
Indenture; 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 in a manner such that the uncertificated Securities are described
in Section 163(f) (2) (B) of the Code); add Guarantees with respect to the Securities or release a
Subsidiary Guarantor from its obligations under its Subsidiary Guarantee or the Indenture in
accordance with the applicable provisions of the Indenture; secure the Securities, the Subsidiary
Guarantees or any other Guarantees of the Securities; add to the covenants of the Company or the
Restricted Subsidiaries for the benefit of the holders or surrender any right or power conferred
upon the Company or any Restricted Subsidiary; make any change that does not adversely affect the
rights of any Holder; comply with any requirement of the SEC in connection with the qualification
of the Indenture under the Act; provide for the appointment of a successor Trustee; provided that
the successor Trustee is otherwise qualified and eligible to act as such under the terms of the
Indenture; provide for the issuance of Exchange Securities in accordance with the provisions set
forth in the Indenture; or conform the text of the Indenture, the Securities or the Subsidiary
Guarantees to any provision under “Description of notes” in the Offering Memorandum to the extent
that such provision in “Description of notes” was intended to be a verbatim recitation of a
provision of the Indenture, the Securities or the Subsidiary Guarantees.

	 	 	Defaults and Remedies

Under the Indenture, Events of Default include (each of which are more specifically described
in the Indenture): (i) default for 30 days in any payment when due of interest on, or Additional
Interest (if required by the Registration Rights Agreement) with respect to, any Security; (ii)
default in the payment of principal of or premium, if any, on any Security when due at its Stated
Maturity, upon optional redemption, upon required repurchase, upon declaration or otherwise; (iii)
failure by the Company or any Subsidiary Guarantor to comply with its obligations under Article V
of the Indenture; (iv) failure by the Company or any Subsidiary Guarantor to comply for 60 days
after notice as provided below with its other agreements contained in the Indenture; (v) default
under any mortgage, indenture or instrument under which there may be issued or by which there may
be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted
Subsidiaries (or the payment of which is guaranteed by the Company or any of its Restricted
Subsidiaries), other than Indebtedness owed to the Company or a Restricted Subsidiary, whether such
Indebtedness or guarantee now exists, or is created after the Issue Date, which default: (a) is
caused by a failure to pay principal of, or interest or premium, if any, on such Indebtedness after
any grace period provided in such Indebtedness or (b) results in the acceleration of such
Indebtedness prior to its maturity, and, in each case, the principal amount of any such
Indebtedness, together with the principal amount of any other such Indebtedness under which there
has been a payment default or the maturity of which has been so accelerated, aggregates $75.0
million or more; (vi) a Bankruptcy Law Event of Default; (vii) failure by the Company or any
Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the latest
audited consolidated financial statements for the Company and its Restricted Subsidiaries), would
constitute a Significant Subsidiary to pay final judgments aggregating in excess of $75.0 million
(net of any amounts that a reputable and creditworthy insurance company has acknowledged liability
for in writing), which judgments are not paid, discharged or stayed for a period of 60 days; or
(viii) any Subsidiary Guarantee of a Significant Subsidiary or group of Restricted Subsidiaries
that, taken together (as of the latest audited consolidated financial statements for the Company
and its Restricted Subsidiaries), would constitute a Significant Subsidiary ceases to be in full
force and effect (except as contemplated by the terms of the Indenture) or is declared null and
void in a judicial proceeding or any Subsidiary Guarantor that is a Significant Subsidiary or group
of Restricted Subsidiaries that, taken together (as of the latest audited consolidated financial
statements for the Company and its Restricted Subsidiaries), would constitute a Significant
Subsidiary denies or disaffirms its obligations under the Indenture or its Subsidiary Guarantee.
However, a default under clause (iv) of this paragraph will not constitute an Event of Default
until the Trustee or the Holders of 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 in
clause (iv) of this paragraph after receipt of such notice.

If an Event of Default (other than an Event of Default described in clause (vi) above) occurs
and is continuing, the Trustee by notice to the Company, or the Holders of at least 25% in
principal amount of the outstanding Securities by notice to the Company and the Trustee, may, and
the Trustee at the request of such Holders shall, declare the principal of, premium, if any, and
accrued and unpaid interest, if any, on all the Securities to be due and payable. Upon such a
declaration, such principal, premium and accrued and unpaid interest will be due and payable
immediately. If an Event of Default described in clause (vi) above occurs and is continuing, the
principal of, premium, if any, and accrued and unpaid interest on all the Securities will become
and be immediately due and payable without any declaration or other act on the part of the Trustee
or any Holders.

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 reasonably 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 Holders notice of any continuing Default or Event of Default (except
a Default or Event of Default in payment of principal, premium, if any, or interest) if it
determines in good faith that withholding notice is in their interest.

	 	 	Trustee Dealings with the Company

Subject to certain limitations set forth in the Indenture, 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, the Subsidiary Guarantors or
their Affiliates and may otherwise deal with the Company, the Subsidiary Guarantors or their
Affiliates with the same rights it would have if it were not Trustee.

	 	 	No Recourse Against Others

No director, officer, employee, incorporator, stockholder or member of the Company or any
Subsidiary or Affiliate of the Company, as such, shall have any liability for any obligations of
the Company under the Securities, the Indenture, the Subsidiary Guarantees or the Registration
Rights Agreement or for any claim based on, in respect of, or by reason of, such obligations or
their creation. Each Holder by accepting a Security waives and releases all such liability. The
waiver and release are part of the consideration for issuance of the Securities. Such waiver may
not be effective to waive liabilities under the federal securities laws and it is the view of the
SEC that such a waiver is against public policy.

	 	 	Authentication

This Security shall not be valid until an authorized signatory of the Trustee (or an
authenticating agent acting on its behalf) manually signs the certificate of authentication on the
other side of this Security.

	 	 	Abbreviations

Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=
tenants in common), TEN ENT (= tenants by the entirety), JT TEN (= joint tenants with rights of
survivorship and not as tenants in common), CUST (= custodian) and U/G/M/A (= Uniform Gift to
Minors Act).

	 	 	CUSIP, Common Code and ISIN Numbers

The Company has caused CUSIP, Common Code or ISIN numbers, if applicable, to be printed on the
Securities and has directed the Trustee to use CUSIP, Common Code or ISIN numbers, if applicable,
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.

	 	 	Governing Law

This Security shall be governed by, and construed in accordance with, the laws of the State of
New York.

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

Deluxe Corporation

3680 Victoria St. N.

Shoreview, Minnesota 55126

Attention: General Counsel

14

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 social security 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:      

Signature Guarantee:      

(Signature must be guaranteed)

Sign exactly as your name appears on the other side of this Security.

The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers,
savings and loan associations and credit unions with membership in an approved signature guarantee
medallion program), pursuant to SEC Rule 17Ad-15.

15

[TO BE ATTACHED TO GLOBAL SECURITIES]

SCHEDULE OF INCREASES AND DECREASES IN GLOBAL SECURITY

The following increases and decreases in this Global Security have been made:

	 	 	 	 	 	 	 	 	 
	Date of Decrease or

Increase
	 	Amount of decrease

in Principal Amount

of this Global

Security
	 	Amount of increase

in Principal Amount

of this Global

Security
	 	Principal Amount of

this Global

Security following

such decrease or

increase
	 	Signature of

authorized

signatory of

Trustee or

Securities

Custodian

	     
	 	     
	 	     
	 	     
	 	     

16

OPTION OF HOLDER TO ELECT PURCHASE

If you elect to have this Security purchased by the Company pursuant to Section 3.5 or
Section 3.9 of the Indenture, check the appropriate box:

 ̈  ̈

3.5 3.9

If you want to elect to have only part of this Security purchased by the Company pursuant to
Section 3.5 or Section 3.9 of the Indenture, state the amount in principal amount
(must be in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof):
$     

Date:        Your Signature:       

                    (Sign exactly as your name appears on the other side of the Security)

Signature Guarantee:       

(Signature must be guaranteed)

The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers,
savings and loan associations and credit unions with membership in an approved signature guarantee
medallion program), pursuant to SEC Rule 17Ad-15.

EXHIBIT C

FORM OF INDENTURE SUPPLEMENT TO ADD SUBSIDIARY GUARANTORS

This Supplemental Indenture, dated as of              , 20       (this “Supplemental
Indenture” or “Guarantee”), among [name of future Subsidiary Guarantor] (the
“Guarantor”), Deluxe Corporation (together with its successors and assigns, the
“Company”), [each other then-existing Subsidiary Guarantor under the Indenture referred to
below] (collectively, the “Existing Guarantors”) and U.S. Bank National Association, as
Trustee under the Indenture referred to below.

W I T N E S S E T H:

WHEREAS, the Company, the Existing Guarantors and the Trustee have heretofore executed and
delivered an Indenture, dated as of March 15, 2011 (as amended, supplemented, waived or otherwise
modified, the “Indenture”), providing for the issuance of 7.00% Senior Notes due 2019 of
the Company (the “Securities”);

WHEREAS, Section 3.7 of the Indenture provides that under certain circumstances the
Company is required to cause each Restricted Subsidiary that Guarantees any Indebtedness of the
Company to execute and deliver to the Trustee a supplemental indenture pursuant to which such
Restricted Subsidiary will unconditionally Guarantee, as primary obligor and not merely as surety,
jointly and severally with each other Subsidiary Guarantor, the full and punctual payment of the
principal of, premium, if any, and interest on the Securities and all other monetary obligations of
the Company under the Indenture; and

WHEREAS, pursuant to Section 10.1 of the Indenture, the Trustee, the Company, the
Existing Guarantors and the Guarantor are authorized to execute and deliver this Supplemental
Indenture to amend or supplement the Indenture, without the consent of any Holder;

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Guarantor, the Company, the
Existing Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit
of the Holders of the Securities as follows:

Definitions

SECTION 1.1 Defined Terms. As used in this Supplemental Indenture, terms defined in
the Indenture or in the preamble or recital hereto are used herein as therein defined, except that
the term “Holders” in this Supplemental Indenture shall refer to the term “Holders”
as defined in the Indenture and the Trustee acting on behalf or for the benefit of such Holders.
The words “herein,” “hereof” and “hereby” and other words of similar import used in this
Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular
section hereof.

Agreement to be Bound; Guarantee

SECTION 2.1 Agreement to be Bound. The Guarantor hereby becomes a party to the
Indenture as a Subsidiary Guarantor and as such will have all of the rights and be subject to all
of the obligations and agreements of a Subsidiary Guarantor under the Indenture, including, but not
limited to Article XI thereof.

Miscellaneous

SECTION 3.1 Notices. All notices and other communications to the Guarantor shall be
given as provided in this Supplemental Indenture to the Guarantor, at its address set forth below,
with a copy to the Company as provided in the Indenture for notices to the Company.

SECTION 3.2 Parties. Nothing expressed or mentioned herein is intended or shall be
construed to give any Person, firm or corporation, other than the Holders and the Trustee, any
legal or equitable right, remedy or claim under or in respect of this Supplemental Indenture or the
Indenture or any provision herein or therein contained.

SECTION 3.3 Governing Law. This Supplemental Indenture shall be governed by, and
construed in accordance with, the laws of the State of New York.

SECTION 3.4 Ratification of 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
Securities heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee
makes no representation or warranty as to the validity or sufficiency of this Supplemental
Indenture.

SECTION 3.5 Counterparts. The parties hereto may sign one or more copies of this
Supplemental Indenture in counterparts, all of which together shall constitute one and the same
agreement.

SECTION 3.6 Headings. The headings of the Articles and the Sections in this Guarantee
are for convenience of reference only and shall not be deemed to alter or affect the meaning or
interpretation of any provisions hereof.

SECTION 3.7 Trustee. The Trustee makes no representation as to the validity or
sufficiency of this Supplemental Indenture. The recitals and statements herein are deemed to be
those of the Guarantor and not of the Trustee.IN WITNESS WHEREOF, the parties hereto have
caused the Indenture to be duly executed as of the date first above written.

[GUARANTOR],

as a Subsidiary Guarantor

By:

Name:

Title:

[Address]

U.S. BANK NATIONAL ASSOCIATION

as Trustee

By: 

Name:

Title:

DELUXE CORPORATION

By:

Name:

Title:

[EXISTING GUARANTORS]

By:

Name:

Title:

17

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