Document:

EX-10.2

AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT

AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT (this “Amendment”) dated as of June 30,
2005, among Ferro Finance Corporation (the “Seller”), CAFCO, LLC (the “Investor”),
Ferro Electronic Materials, Inc., as an originator, Ferro Corporation, as an originator (together
with Ferro Electronic Materials, Inc., the “Originators”) and as collection agent, and
Citicorp North America, Inc., as agent (in such capacity, the “Agent”).

PRELIMINARY STATEMENTS.

(1) The Originators, the Collection Agent, the Seller, the Investor and the Agent are parties
to a Receivables Purchase Agreement dated as of September 28, 2000, as heretofore amended (the
“Agreement”). Capitalized terms not defined herein are used as defined in the Agreement.

(2) The parties desire to amend certain provisions of the Agreement.

NOW, THEREFORE, the parties hereto hereby agree as follows:

SECTION 1. Amendments to Agreement. Upon effectiveness of this Amendment as provided
in Section 2 below, the Agreement is hereby amended as follows:

(a) The following new definitions are added to Section 1.01, in proper alphabetical order:

“Approved OECD Country” means each of the countries listed on Schedule III-A hereto,
as such Schedule may be amended from time to time upon request of the Seller or the Collection
Agent, with the prior written approval of the Agent. Additionally, the Agent may remove countries
from such Schedule at any time, as it determines in its sole discretion, upon prior written notice
to the Seller and the Collection Agent.

“Credit Agreement” means the Credit Agreement dated as of August 31, 2001 among Ferro
Corporation, as Borrower, various Financial Institutions, as Lenders, Credit Suisse First Boston,
as the Syndication Agent and a Joint Lead Arranger, National City Bank, as the Administrative
Agent, the Swing Line Lender, the Letter of Credit Issuer and a Joint Lead Arranger, and Citicorp
USA, Inc. and Keybank National Association, as the Co-Documentation Agents, as the same may be
amended, restated or modified from time to time.

(b) The definition of “Assignee Rate” in Section 1.01 is amended by replacing the phrase “1.5%
per annum above the Eurodollar Rate for such Fixed Period” therein with the phrase “the sum of the
Eurodollar Rate for such Fixed Period plus the greater of (x) 1.50% per annum and (y) 0.25% per
annum plus the “Applicable LIBOR Margin” then applicable to “LIBOR Loans” under the Credit
Agreement (terms in this clause (y) having the meanings set forth in the Credit Agreement).”

(c) The definition of “Daily Report” in Section 1.01 is amended by replacing the reference
therein to “Section 6.02(i)” with “Section 6.02(h)”.

(d) Clause (i) of the definition of “Eligible Receivable” in Section 1.01 is amended in its
entirety to read as follows:

(i) the Obligor of which is a resident of the United States (including, without
limitation, Puerto Rico), Canada, an Approved OECD Country or an Other Approved
Jurisdiction, provided that (A) the aggregate Outstanding Balance of all Eligible
Receivables having Obligors which are residents of an Approved OECD Country or an Other
Approved Jurisdiction may not exceed 20% of the then outstanding Capital of all Receivable
Interests, (B) the aggregate Outstanding Balance of all Eligible Receivables having Obligors
which are residents of an Other Approved Jurisdiction may not exceed 10% of the then
outstanding Capital of all Receivable Interests and (C) with respect to each country which
is an Other Approved Jurisdiction, the aggregate Outstanding Balance of all Eligible
Receivables having Obligors which are residents of such country may not exceed (1) 5% of the
then outstanding Capital of all Receivable Interests, at any time that the sovereign
long-term debt rating of such country is at least A by S&P and at least A2 by Moody’s, and
(2) 3.3% of the then outstanding Capital of all Receivable Interests, at any time that the
sovereign long-term debt rating of such country is not at least A by S&P and at least A2 by
Moody’s;

(e) The definition of “Facility Termination Date” in Section 1.01 is amended by replacing the
date “September 30, 2005” therein with the date “June 29, 2006”.

(f) The definition of “Other Approved Jurisdiction” in Section 1.01 is amended in its entirety
to read as follows:

“Other Approved Jurisdiction” means each of the countries listed on Schedule III-B
hereto, as such Schedule may be amended from time to time upon request of the Seller or the
Collection Agent, with prior written approval of the Agent; provided, however, that at any time
that the sovereign long-term debt rating of any country listed on such Schedule falls below A- by
S&P or below A3 by Moody’s, such country will cease to be an Other Approved Jurisdiction.
Additionally, the Agent may remove countries from such Schedule at any time, as it determines in
its sole discretion, upon prior written notice to the Seller and the Collection Agent.

(g) Section 5.01(k)(i) is amended by replacing the phrase “60 days” with “50 days” and
replacing the phrase “120 days” with “90 days”.

(h) Section 5.01(k)(vii) is amended by replacing the phrase “60 days” with “50 days” and
replacing the phrase “120 days” with “90 days”.

(i) Section 5.01(k) is further amended by (i) deleting the word “and” at the end of clause
(viii), (ii) renumbering clause (ix) as clause (xi), and (iii) adding the following new clauses
after clause (viii):

(ix) as soon as available and in any event within 50 days after the end of each of the
first three quarters of each fiscal year of Ferro Corporation commencing with the quarter
ending June 30, 2005, the consolidated balance sheet of Ferro Corporation and its
consolidated Subsidiaries as of the end of such quarter and the related statements of income
and of cash flows for the period commencing at the end of the previous fiscal year and
ending with the end of such quarter, certified by the chief financial officer of Ferro
Corporation;

(x) as soon as available and in any event within 90 days after the end of each fiscal
year of Ferro Corporation commencing with the year ending December 31, 2005, a copy of the
annual report for such year for Ferro Corporation and its consolidated Subsidiaries,
containing financial statements for such year audited by independent public accountants of
recognized national standing; and

(j) A new paragraph is added at the end of Section 5.01(k) reading as follows:

Reports and financial statements required to be delivered pursuant to clauses (ix) and (x) of
this Section 5.01(k) shall be deemed to have been delivered on the date on which Ferro Corporation
posts such reports, or reports containing such financial statements, on Ferro Corporation’s website
on the Internet at www.ferro.com or when such reports, or reports containing such financial
statements, are posted on the SEC’s website at www.sec.gov; provided that Ferro Corporation shall
deliver paper copies of the reports and financial statements referred to in clauses (ix) and (x) of
this Section 5.01(k) to the Agent or any Investor who requests Ferro Corporation to deliver such
paper copies until written notice to cease delivering paper copies is given by the Agent or such
Investor, as applicable.

(k) Section 7.01(i) is amended in its entirety to read as follows:

(i) (A) At any time when a Non-Investment Grade Event does not exist, the sum of the
Receivable Interests shall on any Business Day be greater than 97% and shall remain greater
than 97% for more than three Business Days; or (B) at any time when a Non-Investment Grade
Event does exist (so long as a BB Downgrade Event shall not have occurred and be
continuing), the sum of the Receivable Interests shall on any Business Day be greater than
97% and shall remain greater than 97% for more than one Business Day; or (C) after the
occurrence and during the continuation of a BB Downgrade Event, the sum of the Receivable
Interests shall on any Business Day be greater than 95% and shall remain greater than 95%
for more than one Business Day; or

(l) A new subsection (d) is added to Section 10.03 of the Agreement reading as follows:

(d) Notwithstanding any other provision of this Section 10.03, following any purchase
by Citibank of Receivable Interests (or interests therein) pursuant to the Asset Purchase
Agreement, Citibank may at any time pledge or grant a security interest in all or any
portion of its rights (including, without limitation, rights to payment of Capital and
Yield) under the Asset Purchase Agreement to secure obligations of Citibank to a Federal
Reserve Bank, without notice to or consent of the Seller or the Agent; provided that no such
pledge or grant of a security interest shall release Citibank from any of its obligations
under the Asset Purchase Agreement or substitute any such pledgee or grantee for Citibank as
a party to the Asset Purchase Agreement.

(m) Schedule III-A and Schedule III-B to this Amendment are added to the Agreement as Schedule
III-A and Schedule III-B, respectively.

SECTION 2. Effectiveness. This Amendment shall become effective at such time that:
(i) executed counterparts of this Amendment have been delivered by each party hereto to the other
party hereto and (ii) an Amendment to Purchase and Contribution Agreement, dated as of the date
hereof, between the Originators and the Seller, in form and substance satisfactory to the Agent,
shall have become effective.

SECTION 3. Representations and Warranties. Each of the Seller and the Collection
Agent makes each of the representations and warranties contained in Sections 4.01 and 4.02,
respectively, of the Agreement (after giving effect to this Amendment), and for the purpose of
making such representations and warranties, (i) each reference in Section 4.01 to “the Transaction
Documents” shall include this Amendment and (ii) each reference in Section 4.02 to “this Agreement”
shall be deemed to be a reference to both the Agreement and this Amendment. On the date of the
delivery of the financial information for the quarter ending June 30, 2004 referred to in Section 4
below, each of the Seller and the Collection Agent shall be deemed to make the representations and
warranties contained in Section 4.01(e) and 4.02(e), respectively, of the Agreement, and for the
purpose of making such representations and warranties, (i) the references in Sections 4.01(e) and
4.02(e) to the Seller’s and the Collection Agent’s balance sheets and related financial statements
shall be deemed to refer to the Seller’s and the Collection Agent’s balance sheets and related
financial statements for the quarter ended June 30, 2004 and (ii) the bring-down on no material
adverse change in Sections 4.01(e) and 4.02(e) shall in each case run from June 30, 2004.

SECTION 4. Extension of Certain Financial Reporting Requirements.

(a) Section 5.01(k)(i) of the Agreement requires that the Seller deliver to the Agent certain
financial information relating to the Seller within certain time periods after the end of the first
three quarters of its fiscal year and after the end of its fiscal year. The Seller has not yet
delivered such financial information for its quarters ending June 30, 2004, September 30, 2004,
December 31, 2004 and March 31, 2005, and the Agent has previously extended the date for delivery
of such financial information to June 30, 2005. The Seller has now requested that the Agent extend
the date for delivery of the financial information for the June 30, 2004, September 30, 2004,
December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005 quarters to March 31, 2006.
Accordingly, the Agent hereby agrees (a) to extend until March 31, 2006 the date for delivery of
the financial information required by Section 5.01(k)(i) of the Agreement with respect to the
Seller’s quarters ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June
30, 2005 and September 30, 2005, and (b) to waive until March 31, 2006 any Event of Termination or
Incipient Event of Termination under the Agreement to the extent, but only to the extent, that such
Event of Termination or Incipient Event of Termination consists of the failure to deliver such
financial information with respect to the Seller’s quarters ending June 30, 2004, September 30,
2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005.

(b) Section 5.01(k)(ix) of the Agreement (as amended by this Amendment) requires that the
Seller deliver to the Agent certain financial information relating to Ferro Corporation within 50
days after the end of the first three quarters of its fiscal year. The Seller has requested that
the Agent extend the date for delivery of such financial information for the June 30, 2005 and
September 30, 2005 quarters to March 31, 2006. Accordingly, the Agent hereby agrees (a) to extend
until March 31, 2006 the date for delivery of the financial information required by Section
5.01(k)(ix) of the Agreement with respect to the quarters ending June 30, 2005 and September 30,
2005, and (b) to waive until March 31, 2006 any Event of Termination or Incipient Event of
Termination under the Agreement to the extent, but only to the extent, that such Event of
Termination or Incipient Event of Termination consists of the failure to deliver such financial
information relating to Ferro Corporation with respect to the quarters ending June 30, 2005 and
September 30, 2005.

(c) The foregoing waivers contained in this Section 4 shall not be deemed to constitute a
waiver of any other Event of Termination or Incipient Event of Termination which may now or
hereafter exist under the Agreement, including without limitation any Event of Termination
resulting from a failure to deliver any information required by Sections 5.01(k)(i) and 5.01(k)(ix)
of the Agreement hereafter when due.

(d) On or after the date on which the Seller delivers to the Agent the financial information
relating to Ferro Corporation for the June 30, 2005 and September 30, 2005 quarters, the Seller
shall also provide the Agent with similar financial information for such prior quarters and fiscal
years of Ferro Corporation ending on or after June 30, 2004 as the Agent may request, to the extent
such information has not previously been provided to the Agent.

SECTION 5. Waiver of Certain Receivables Reporting Requirements. On June 2, 2005, S&P
downgraded the long term public senior unsecured non-credit-enhanced debt securities of Ferro
Corporation to BB, resulting in the occurrence of a BB Downgrade Event. Notwithstanding the
occurrence of such BB Downgrade Event, the Agent agrees that so long as no other unwaived Event of
Termination or Incipient Event of Termination exists, the Collection Agent shall not be required to
prepare Daily Reports (as provided in Section 6.02(h) of the Agreement and the definition of Daily
Report), the Collection Agent shall instead continue to prepare Weekly Reports, and the settlement
procedures set forth in Section 2.04(b) of the Agreement (and not Section 2.04(c)) shall apply.
However, so long as such BB Downgrade Event (or any other BB Downgrade Event) exists, the
provisions of clause (C) of Section 7.01(i) of the Agreement (as amended hereby) shall be
applicable.

SECTION 6. Confirmation of Agreement. Each reference in the Agreement to “this
Agreement” or “the Agreement” shall mean the Agreement as amended by this Amendment, and as
hereafter amended or restated. Except as herein expressly amended, the Agreement is ratified and
confirmed in all respects and shall remain in full force and effect in accordance with its terms.

SECTION 7. Costs and Expenses. The Seller agrees to pay on demand all reasonable
costs and expenses in connection with the preparation, execution, delivery and administration of
this Amendment and any other documents to be delivered hereunder including, without limitation, the
reasonable fees and out-of-pocket expenses of counsel for the Agent and the Investors with respect
thereto and with respect to advising the Agent and the Investors as to the rights and remedies of
each under this Amendment, and all reasonable costs and expenses, if any (including reasonable
counsel fees and expenses), in connection with the enforcement of this Amendment and any other
documents to be delivered hereunder.

SECTION 8. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement. Delivery of an executed counterpart of a signature page to
this Amendment by facsimile shall be effective as delivery of a manually executed counterpart of
this Amendment.

SECTION 9. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAW
PRINCIPLES THEREOF).

[Remainder of this page intentionally left blank]

1

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective
officers thereunto duly authorized, as of the date first above written.

	 	 	 
	
 
	 	FERRO CORPORATION

By:/s/ Thomas M. Gannon
	
 
	 	 
	ORIGINATOR AND

COLLECTION AGENT:

	 	Name: Thomas M. Gannon

Title: Vice President & Chief Financial

Officer
	 
	 	 
	ORIGINATOR:

	 	FERRO ELECTRONIC MATERIALS, INC.

By:/s/ James C. Bays
	
 
	 	 
	
 
	 	Name: James C. Bays

Title: Secretary
	 
	 	 
	SELLER:

	 	FERRO FINANCE CORPORATION

By:/s/ Thomas M. Gannon
	
 
	 	 
	
 
	 	Name: Thomas M. Gannon

Title: President
	 
	 	 
	INVESTOR:

	 	CAFCO, LLC

By: Citicorp North America,

Inc., as Attorney-in-Fact

By:/s/ Junette M. Earl
	
 
	 	 
	
 
	 	Name: Junette M. Earl

Title: Vice President
	 
	 	 
	AGENT:

	 	CITICORP NORTH AMERICA, INC., as Agent

By:/s/ Junette M. Earl
	
 
	 	 
	
 
	 	Name: Junette M. Earl

Title: Vice President

2

Schedule III-A

Approved OECD Countries

1. United Kingdom

2. Germany

3. Netherlands

4. Ireland

5. Belgium

6. France

7. Italy

8. Australia

9. Japan

10. Austria

11. Switzerland

12. Sweden

13. Spain

14. New Zealand

15. Norway

16. Denmark

3

Schedule III-B

Other Approved Jurisdictions

1. South Korea

2. Mexico

3. Hungary

4. Czech Republic

5. Taiwan

6. Israel

7. Hong Kong

8. Singapore

9. Malaysia

10. Slovenia

4EX-10.3

AMENDMENT

TO

PURCHASE AND CONTRIBUTION AGREEMENT

AMENDMENT TO PURCHASE AND CONTRIBUTION AGREEMENT (this “Amendment”) dated as of June
30, 2005, between Ferro Corporation, an Ohio corporation, and Ferro Electronic Materials, Inc., a
Delaware corporation (collectively, the “Sellers”) and Ferro Finance Corporation, an Ohio
corporation (the “Purchaser”).

PRELIMINARY STATEMENTS.

(A) The Sellers and the Purchaser entered into a Purchase and Contribution Agreement dated as
of September 28, 2000, as heretofore amended (the “PCA”). Capitalized terms not defined herein are
used as defined in the PCA.

(B) The parties hereto desire to amend certain provisions of the PCA.

NOW, THEREFORE, the parties hereto hereby agree as follows:

SECTION 1. Amendments to PCA. Upon effectiveness of this Amendment, as provided in
Section 2 below, the PCA is hereby amended as follows:

(a) The following new definition is added to Section 1.01, in proper alphabetical order:

“Approved OECD Country” means each of the countries listed on Exhibit E-1 hereto, as such
Exhibit may be amended from time to time upon request of Ferro Corporation, with the prior written
approval of the Purchaser and the Agent. Additionally, if the Agent removes any country from the
Schedule of Approved OECD Countries attached to the Sale Agreement, such country will cease to be
an Approved OECD Country hereunder and the Purchaser will immediately notify Ferro Corporation
thereof.

(b) Clause (i) of the definition of “Eligible Receivable” in Section 1.01 is amended in its
entirety to read as follows:

(i) the Obligor of which is a resident of the United States (including, without
limitation, Puerto Rico), Canada, an Approved OECD Country or an Other Approved
Jurisdiction, provided that (A) the aggregate Outstanding Balance of all
Eligible Receivables having Obligors which are residents of an Approved OECD Country
or an Other Approved Jurisdiction may not exceed 20% of the then outstanding Capital
under the Sale Agreement, (B) the aggregate Outstanding Balance of all Eligible
Receivables having Obligors which are residents of an Other Approved Jurisdiction
may not exceed 10% of the then outstanding Capital under the Sale Agreement and (C)
with respect to each country which is an Other Approved Jurisdiction, the aggregate
Outstanding Balance of all Eligible Receivables having Obligors which are residents
of such country may not exceed (1) 5% of the then outstanding Capital under the Sale
Agreement, at any time that the sovereign long-term debt rating of such country is
at least A by S&P and at least A2 by Moody’s, and (2) 3.3% of the then outstanding
Capital under the Sale Agreement, at any time that the sovereign long-term debt
rating of such country is not at least A by S&P and at least A2 by Moody’s;

(c) The definition of “Facility Termination Date” in Section 1.01 is amended by replacing the
date “September 30, 2005” therein with the phrase “the ‘Facility Termination Date’ (as such term is
defined in the Sale Agreement).”

(d) The definition of “Other Approved Jurisdiction” in Section 1.01 is amended in its entirety
to read as follows:

“Other Approved Jurisdiction” means each of the countries listed on Exhibit E-2 hereto, as
such Exhibit may be amended from time to time upon request of Ferro Corporation, with prior written
approval of the Purchaser and the Agent; provided, however, that at any time that
the sovereign long-term debt rating of any country listed on such Exhibit falls below A- by S&P or
below A3 by Moody’s, such country will cease to be an Other Approved Jurisdiction. Additionally,
if the Agent at any time removes any country from the Schedule of Other Approved Jurisdictions
attached to the Sale Agreement, such country will cease to be an Other Approved Jurisdiction
hereunder and the Purchaser will immediately notify Ferro Corporation thereof.

(e) Exhibit E-1 and Exhibit E-2 to this Amendment are added to the PCA as Exhibit E-1 and
Exhibit E-2, respectively.

SECTION 2. Effectiveness. This Amendment shall become effective at such time that
executed counterparts of this Amendment and the Confirmation of Undertaking Agreement attached
hereto have been delivered by each party hereto to the other parties hereto and Citicorp North
America, Inc., as Agent, has executed and delivered the consent on the signature page hereto.

SECTION 3. Representations and Warranties. Each Seller makes, as to itself, each of
the representations and warranties contained in Section 4.01 of the PCA (after giving effect to
this Amendment), and for the purpose of making such representations and warranties, each reference
in Section 4.01 of the PCA to “the Agreement” shall include this Amendment. On the date of the
delivery of Ferro Corporation’s financial information for the quarter ending June 30, 2004 referred
to in Section 4(b) of the Amendment dated as of the date hereof to the Sale Agreement, Ferro
Corporation shall be deemed to make the representations and warranties contained in Section 4.01(f)
of the PCA, and for the purpose of making such representations and warranties, (i) the references
in Section 4.01(f) to Ferro Corporation’s balance sheets and related financial statements shall be
deemed to refer to Ferro Corporation’s balance sheets and related financial statements for the
quarter ended June 30, 2004 and (ii) the bring-down on no material adverse change in Section
4.01(f) shall run from June 30, 2004.

SECTION 4. Waiver of Certain Receivables Reporting Requirements. On June 2, 2005, S&P
downgraded the long term public senior unsecured non-credit enhanced debt securities of Ferro
Corporation to BB, resulting in the occurrence of a BB Downgrade Event. Notwithstanding the
occurrence of such BB Downgrade Event, the Purchaser agrees that so long as no other unwaived Event
of Termination or Incipient Event of Termination exists, the Collection Agent shall not be required
to prepare Daily Reports (as provided in Section 6.02(b) of the Agreement) and shall instead
continue to prepare Weekly Reports.

SECTION 5. Confirmation of PCA. Each reference in the PCA to “this Agreement” or “the
Agreement” shall mean the PCA as amended by this Amendment, and as hereafter amended or restated.
Except as herein expressly amended, the PCA is ratified and confirmed in all respects and shall
remain in full force and effect in accordance with its terms.

SECTION 6. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement. Delivery of an executed counterpart of a signature page to
this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of
this Amendment.

SECTION 7. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAW
PRINCIPLES THEREOF).

[Remainder of this page intentionally left blank]

1

IN WITNESS WHEREOF, the undersigned parties have caused this Amendment to be duly executed by
their authorized officers thereunto duly authorized, as of the date first above written.

	 	 	 
	SELLER:

	 	FERRO CORPORATION

By:/s/ Thomas M. Gannon
	
 
	 	 
	
 
	 	Name: Thomas M. Gannon

Title: Vice President & Chief Financial

Officer
	 
	 	 
	SELLER:

	 	FERRO ELECTRONIC MATERIALS, INC.

By:/s/ James C. Bays
	
 
	 	 
	
 
	 	Name: James C. Bays

Title: Secretary
	 
	 	 
	PURCHASER:

	 	FERRO FINANCE CORPORATION

By:/s/ Thomas M. Gannon
	
 
	 	 
	
 
	 	Name: Thomas M. Gannon

Title: President

Pursuant to Section 5.01(m) of the Sale Agreement,

Citicorp North America, Inc., as Agent under the

Sale Agreement, consents to the foregoing

Amendment to Purchase and Contribution

Agreement.

CITICORP NORTH AMERICA, INC., as Agent

	 	 	 
	By:/s/ Junette M. Earl

	 	

	 
	 	 
	 

	 
	 	 
	Name:

Title:

	 	Junette M. Earl

Vice President

2

Exhibit E-1

Approved OECD Countries

1. United Kingdom

2. Germany

3. Netherlands

4. Ireland

5. Belgium

6. France

7. Italy

8. Australia

9. Japan

10. Austria

11. Switzerland

12. Sweden

13. Spain

14. New Zealand

15. Norway

16. Denmark

3

Exhibit E-2

Other Approved Jurisdictions

1. South Korea

2. Mexico

3. Hungary

4. Czech Republic

5. Taiwan

6. Israel

7. Hong Kong

8. Singapore

9. Malaysia

10. Slovenia

4

CONFIRMATION OF UNDERTAKING AGREEMENT

June 30, 2005

The undersigned, as undertaking party under the Undertaking Agreement, dated September 28,
2000 (the “Undertaking Agreement”), in favor of Ferro Finance Corporation, hereby consents to the
foregoing Amendment to Purchase and Contribution Agreement dated as of June 30, 2005 (the
“Amendment Agreement”) to the Purchase and Contribution Agreement dated as of September 28, 2000,
and hereby confirms and agrees that, notwithstanding the effectiveness of such Amendment Agreement,
the Undertaking Agreement heretofore executed and delivered by it is, and shall continue to be, in
full force and effect and shall apply to the Purchase and Contribution Agreement, as heretofore
amended, including as amended by the Amendment Agreement, and the Undertaking Agreement is hereby
ratified and confirmed.

FERRO CORPORATION

	 	 	 
	By:/s/ Thomas M. Gannon

	 	

	 
	 	 
	 

	 
	 	 
	Name:

Title:

	 	Thomas M. Gannon

Vice President & Chief

Financial Officer
	 
	 	 

5

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