PURCHASE AND CONTRIBUTION AGREEMENTPurchase and Contribution Agreement • June 3rd, 2009 • Ferro Corp • Paints, varnishes, lacquers, enamels & allied prods • New York
FERRO CORPORATION, an Ohio corporation (“Ferro Corporation” or “Seller”), and FERRO FINANCE CORPORATION, an Ohio corporation (the “Purchaser”), agree as follows:
PURCHASE AGREEMENTPurchase Agreement • June 3rd, 2009 • Ferro Corp • Paints, varnishes, lacquers, enamels & allied prods • New York
FERRO COLOR & GLASS CORPORATION, a Pennsylvania corporation (“Ferro Color”) and FERRO PFANSTIEHL LABORATORIES, INC., a Delaware corporation (“FPL”)(Ferro Color and FPL being hereinafter sometimes referred to as the “Sellers”), and FERRO CORPORATION, an Ohio corporation (the “Purchaser” or “Ferro”), agree as follows:
RECEIVABLES PURCHASE AGREEMENTReceivables Purchase Agreement • June 3rd, 2009 • Ferro Corp • Paints, varnishes, lacquers, enamels & allied prods • New York
Such undivided percentage interest shall be initially computed on its date of purchase. Thereafter, until the Facility Termination Date, each Receivable Interest shall be automatically recomputed (or deemed to be recomputed) on each day prior to the Facility Termination Date. The variable percentage represented by any Receivable Interest as computed (or deemed recomputed) as of the close of the Business Day immediately preceding the Facility Termination Date shall remain constant at all times thereafter.
