On January 25, 2016, Ferro Corporation amended its senior credit agreement by entering into the incremental assumption agreement, by and among the company, PNC Bank, National Association, as the administrative agent, the collateral agent and as an issuer, JPMorgan Chase Bank, N.A., as an issuer, and various financial institutions as lenders. Capitalized terms used herein but not otherwise defined shall have the meanings prescribed to such terms in the credit agreement. Among other things, the incremental agreement increases the revolving loan commitment amount from $200,000,000 to $300,000,000.

The lenders and the agents (and each of their respective subsidiaries or affiliates) under the Incremental Assumption Agreement have in the past provided, and may in the future provide, investment banking, cash management, underwriting, lending, commercial banking, trust, leasing services, foreign exchange and other advisory services to, or engage in transactions with, the Company and its respective subsidiaries or affiliates. These parties have received, and may in the future receive, customary compensation from the Company and its respective subsidiaries or affiliates, for such services.