Exhibit 10.1

 

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CALGON CARBON CORPORATION,

as Borrower

 

THE LENDING INSTITUTIONS NAMED HEREIN,

as Lenders

 

NATIONAL CITY BANK OF PENNSYLVANIA

as a Lender, the Swing Line Lender and

as Administrative Agent

 

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WAIVER AGREEMENT

dated as of

November 4, 2005

to

CREDIT AGREEMENT

dated as of

February 18, 2004

 

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EXECUTION VERSION

 

WAIVER AGREEMENT

 

THIS WAIVER AGREEMENT, dated as of November 4, 2005 (this “Agreement”), is made
by and among the following:

 

(i) CALGON CARBON CORPORATION, a Delaware corporation (herein, together with its
successors and assigns, “Borrower”);

 

(ii) the lending institutions signatory hereto (herein, together with its or
their successors and assigns, each a “Lender” and collectively, the “Lenders”);
and

 

(iii) NATIONAL CITY BANK OF PENNSYLVANIA, a national banking association, as a
Lender, the Swing Line Lender, the lead arranger, book manager and the
Administrative Agent (in such capacity, the “Administrative Agent”).

 

PRELIMINARY STATEMENTS:

 

A. Borrower, the Lenders, the Swing Lender and the Administrative Agent entered
into the Credit Agreement, dated as of February 18, 2004, as amended by
Amendment No. 1, dated as of March 31, 2005, and Amendment No. 2 and Waiver,
dated as of August 8, 2005 (as the same may from time to time be further
amended, restated, amended and restated or otherwise modified, the “Credit
Agreement,” with the terms defined therein, or the definitions of which are
incorporated therein, being used herein as so defined).

 

B. Borrower has requested that the Administrative Agent and the Required
Lenders: (i) waive the Event of Default that has occurred as a result of
Borrower’s failure to comply with Section 10.8 of the Credit Agreement as of
September 30, 2005, and the Administrative Agent and the Required Lenders have
agreed to waive such Event of Default upon the terms and conditions described
herein, as more fully set forth below; and (ii) forbear from exercising their
rights under the Credit Agreement and the other Credit Documents with respect to
(x) Borrower’s possible failure to comply with Section 10.8 of the Credit
Agreement from October 1, 2005 through January 31, 2006, and (y) Borrower’s
possible failure to comply with Section 10.9 of the Credit Agreement for the
Testing Period ending December 31, 2005, and the Administrative Agent and the
Required Lenders have agreed to forbear from exercising such rights upon the
terms and conditions described herein, as more fully set forth below.

 

NOW, THEREFORE, the parties hereby agree as follows:

 

1. WAIVER.

 

1.1 Borrower has notified the Administrative Agent that Borrower has failed to
comply with the covenant set forth in Section 10.8 of the Credit Agreement as of
September 30, 2005 (the “Waived Default”). Borrower has requested that the
Administrative Agent and the Required Lenders permanently waive the Waived
Default. The Administrative Agent and the Required Lenders have agreed to waive
and, effective as of the Effective Date (as defined in Section 7 of this
Agreement), hereby waive, the Waived Default upon the terms and conditions
contained herein.

 

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2. FORBEARANCE.

 

2.1 Forbearance Defaults. Borrower anticipates that it may fail to comply with
(a) Section 10.8 of the Credit Agreement from October 1, 2005 through
January 31, 2006, and (b) Section 10.9 of the Credit Agreement for the Testing
Period ending December 31, 2005 (collectively, the “Forbearance Defaults”),
which Forbearance Defaults constitute or will constitute Events of Default under
the Credit Agreement.

 

2.2 Forbearance. During the Forbearance Period (as defined below), subject to
the terms and conditions set forth herein, the Administrative Agent and the
Lenders (a) will not exercise any of their rights or remedies under the Credit
Agreement, the other Credit Documents or applicable law with respect to the
Forbearance Defaults and (b) will make Loans and issue Letters of Credit under
the Credit Agreement in accordance with the provisions hereof. For purposes of
this Agreement: (i) the “Forbearance Period” means the period commencing on the
Effective Date (as defined below) and ending on the Termination Date (as defined
below); and (ii) the “Termination Date” means the earlier of (x) January 31,
2006, and (y) the date the Forbearance Period is terminated upon the occurrence
of any of the events described in Section 2.3 below. Nothing in this Agreement
shall constitute a waiver by the Administrative Agent or the Lenders of any
Default or Event of Default under the Credit Agreement (including the
Forbearance Defaults), other than the Waived Default, whether now existing or
hereafter arising.

 

2.3 Termination of Forbearance. Upon the occurrence of any Termination Event (as
defined below) and at any time after such occurrence, the Administrative Agent,
or the Administrative Agent at the direction of the Required Lenders, is
entitled to, without prior notice to Borrower, immediately terminate the
Forbearance Period, unless such Termination Event is an Event of Default
described in Section 11.1(h) of the Credit Agreement, in which case the
Forbearance Period will automatically terminate without demand or notice of any
kind. For purposes of this Agreement, “Termination Event” means:

 

(a) Borrower’s ratio of (a) its Consolidated Total Debt at September 30, 2005 to
(b) its Consolidated EBITDA for the Testing Period ended September 30, 2005
exceeds 3.75 to 1.00;

 

(b) the occurrence of a Default or Event of Default under the Credit Agreement
(other than the Forbearance Defaults);

 

(c) failure by Borrower to comply with any of its other agreements described in
Section 3 hereof; or

 

(d) any representation or warranty made by Borrower under this Agreement or by
any Credit Party under any agreement, instrument or other document executed or
delivered by any Credit Party in connection with this Agreement is untrue or
incorrect in any material respect when made or any schedule, certificate,
statement, report, financial data, notice or writing furnished at any time by
any Credit Party to the Administrative Agent or the Lenders is untrue or
incorrect in any material respect on the date as of which the facts set forth
therein are stated or certified.

 

2.4 Effect at End of Forbearance Period. When the Forbearance Period ends, all
Obligations may be declared immediately due and payable as provided in the
Credit Agreement, without notice or demand, and without regard to any matters
transpiring during the Forbearance Period or the financial condition or
prospects of any Credit Party as of such date, and the Administrative Agent and
the Lenders will be fully entitled to exercise any rights and remedies they may
have under the Credit Agreement, the other Credit Documents or applicable law.

 

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2.5 No Waiver.

 

(a) The Administrative Agent and the Lenders have not waived, are not by this
Agreement waiving, and have no present intention of waiving, any Events of
Default that may be continuing on the date hereof or any Events of Default that
may occur after the date hereof (whether the same or similar to the Forbearance
Defaults or otherwise), other than the Waived Default, and the Administrative
Agent and the Required Lenders have not agreed to forbear with respect to any of
their rights or remedies concerning any Events of Default (other than, during
the Forbearance Period, the Forbearance Defaults), that may have occurred or are
continuing as of the date hereof or that may occur after the date hereof.

 

(b) Subject to Section 2.2 above (solely with respect to the Forbearance
Defaults), the Administrative Agent and the Lenders reserve the right to
exercise any or all of their rights and remedies under the Credit Agreement, the
other Credit Documents and applicable law as a result of any Events of Default
that may exist and be continuing on the date hereof or any Event of Default that
may occur after the date hereof, and the Administrative Agent and the Lenders
have not waived any of such rights or remedies, and nothing in this Agreement,
and no delay on its part in exercising any such rights or remedies, should be
construed as a waiver of any such rights or remedies.

 

(c) Without limiting the generality of the foregoing, Credit Parties will not
claim that any prior action or course of conduct by the Administrative Agent or
the Lenders constitutes an agreement or obligation to continue such action or
course of conduct in the future. Credit Parties acknowledge that the
Administrative Agent and the Lenders have made no commitment as to how or
whether the Forbearance Defaults will be resolved upon or following the
Termination Date.

 

3. AGREEMENTS OF BORROWERS AND THE LENDERS. From the Effective Date through and
including the Termination Date, notwithstanding anything contained in the Credit
Agreement to the contrary, the following provisions shall apply:

 

3.1 Loans to Borrower shall be made: (a) only as Swing Line Revolving Loans
incurred as Eurodollar Market Index Rate Loans, or as General Revolving Loans
incurred as Eurodollar Loans with an Interest Period of one month; and (b) in
the case of General Revolving Loans, only if at the time of such request, and
immediately after giving effect to such Borrowing, Adjusted Consolidated Total
Debt does not and will not exceed $105,000,000. “Adjusted Consolidated Total
Debt” means the sum of Consolidated Total Debt (as defined below) plus an amount
equal to the Unutilized Swing Line Revolving Commitment. “Consolidated Total
Debt” means the sum (without duplication) of the principal amount (or
Capitalized Lease Obligation, in the case of a Capital Lease, or present value,
based on the implicit interest rate, in the case of any Synthetic Lease, or the
higher of liquidation value or stated value, in the case of Redeemable Stock) of
all Indebtedness of Borrower and each of its Subsidiaries, all as determined on
a consolidated basis, minus Consolidated Cash. The terms “Capitalized Lease
Obligation,” “Capital Lease,” “Synthetic Lease,” “Redeemable Stock,”
“Indebtedness” and “Consolidated Cash” have the meanings given to such terms in
the Credit Agreement.

 

3.2 Notwithstanding anything contained in the Credit Agreement to the contrary,
including, but not limited to, Section 10.2(d) thereof, the Borrower or any of
its Subsidiaries may sell as an entirety the German retail charcoal business
and/or the solvent recovery business (collectively, the “Businesses”) so long as
(a) the consideration for such transaction represents fair value (as determined
by management

 

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of Borrower and as reasonably acceptable to the Administrative Agent) and at
least 90% of such consideration consists of cash, and (b) at least five Business
Days prior to the date of completion of such transaction Borrower shall have
delivered to the Administrative Agent an officer’s certificate executed on
behalf of Borrower by an Authorized Officer, which certificate shall contain:
(1) a description of the proposed transaction, the date such transaction is
scheduled to be consummated, and the estimated purchase price or other
consideration for such transaction; (2) a description of the contemplated use of
the Cash Proceeds from such Asset Sale, together with a certification that such
Cash Proceeds will be used as described; (3) a certification of the effect of
such transaction, on a pro forma basis, on the financial covenants contained in
sections 10.7, 10.8, 10.9 and 10.10 of the Credit Agreement, such pro forma
ratios being determined as if such transaction had been completed at the
beginning of the most recent period of four consecutive fiscal quarters of
Borrower; (4) a certification that no Default or Event of Default has occurred
and is continuing, or would result from consummation of such transaction (other
than the Waived Default or the Forbearance Defaults); and (5) if requested by
the Administrative Agent, a certified copy of the draft or definitive
documentation pertaining thereto. Any other (a) Asset Sale, (b) Permitted
Disposition, (c) sale of any property, land or building (including any related
receivables or other intangible assets) to any person that is not a Subsidiary
of Borrower, (d) sale of the entire capital stock (or other equity interests)
and Indebtedness of any Subsidiary of Borrower, and (e) the merger or
consolidation of any Subsidiary that is not an Affiliate of Borrower, must be
approved in writing by the Required Lenders and shall be subject to such
conditions as the Required Lenders may require, including permanent reductions
in the General Revolving Commitment. Notwithstanding the foregoing, sales or
other dispositions of obsolete, worn out or surplus equipment or fixtures may be
effected at any time in the ordinary course of business.

 

3.3 If after the Effective Date Borrower or any of its Subsidiaries receives Net
Cash Proceeds from any Asset Sale relating to the Businesses, within 3 days of
the receipt thereof, Borrower shall apply an amount equal to 100% of the Net
Cash Proceeds so received from any Asset Sale to the prepayment of first, Swing
Line Revolving Loans and, second, after Swing Line Revolving Loans have been
paid in full, Unpaid Drawings and, third, after Unpaid Drawings have been paid
in full, General Revolving Loans, in each case without a reduction in the
General Revolving Commitment and/or the Swing Line Revolving Commitment.

 

3.4 Borrower shall deliver to the Administrative Agent and the Lenders, no later
than November 15, 2005, a preliminary consolidated budget in reasonable detail
for the fiscal year 2006 and for each of the fiscal quarters in such fiscal
year, and (if and to the extent prepared by management of Borrower) for any
subsequent fiscal years, setting forth, with appropriate discussion, the
forecasted balance sheet, income statement, operating cash flows, and capital
expenditures of Borrower and its Subsidiaries for the period or periods covered
thereby, and the principal assumptions upon which such forecasts and budget are
based.

 

3.5 Borrower shall not permit the ratio of (a) its Consolidated Total Debt at
January 31, 2006 to (b) its Consolidated EBITDA for the Testing Period most
recently ended for which the financial statements required to be delivered
pursuant to Section 9.1(b) have been delivered, to exceed 3.25 to 1.00.

 

3.6 Notwithstanding anything contained in the Credit Agreement to the contrary,
all intercompany Indebtedness permitted by Section 10.4(d)(ii) of the Credit
Agreement and owing to any Credit Party shall be evidenced by an intercompany
note, in form and substance satisfactory to the Administrative Agent, pledged to
the Administrative Agent pursuant to the Pledge Agreement (as defined below).

 

3.7 Borrower shall provide the Administrative Agent and the Lenders with a
written update, in form and substance satisfactory to the Administrative Agent,
on the 15th of each calendar month (or, if

 

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such day is not a Business Day, on the immediately preceding Business Day),
regarding Borrower’s business performance and prospects, contemplated or
recently completed Asset Sales, and any related matters, together with a brief
statement regarding Borrower’s refinancing efforts.

 

In the event Borrower fails to comply with any of the agreements contained in
Sections 3.1 through Section 3.7, each such non-compliance shall be deemed an
“Event of Default” for all purposes of the Credit Agreement and the other Credit
Documents.

 

3.8 In determining Consolidated EBIT for any applicable period, Consolidated
EBIT shall mean Consolidated Net Income (as such term is defined in the Credit
Agreement) plus the items described in the definition of “Consolidated EBIT” as
provided in the Credit Agreement plus non-recurring cash expenses and losses to
the extent related to the effects of Hurricane Katrina in an amount not to
exceed $1,977,000 (net of (but not less than zero) related Cash Proceeds
received from insurance).

 

4. SECURITY DOCUMENTS; ETC. In consideration of the waiver contained herein,
Borrower agrees to execute and deliver, and to cause the other Credit Parties to
execute and deliver, to the Administrative Agent for the benefit of the Lenders,
the following: (a) a security agreement, in substantially the form of Exhibit B
hereto (the “Security Agreement”); (b) a pledge agreement, in substantially the
form of Exhibit C hereto (the “Pledge Agreement”); and (c) such other security
documents as the Administrative Agent shall reasonably request (each, an
“Additional Security Document,” and together with the Security Agreement, the
Pledge Agreement and each Mortgage (as defined below), the “Security
Documents”). Borrower further agrees to execute and deliver, and to cause the
other Credit Parties to execute and deliver, as applicable, to the
Administrative Agent for the benefit of the Lenders, no later than December 31,
2005, mortgages, deeds of trust or other appropriate instruments (each, a
“Mortgage” and collectively, “Mortgages”), covering such owned real properties
as the Administrative Agent requests (the “Mortgaged Properties”), together with
such legal opinions, as the Administrative Agent shall require. Borrower also
agrees to cause to be delivered to the Administrative Agent for the benefit of
the Lenders, no later than December 31, 2005, a mortgage policy of title
insurance and such other documentation requested by and reasonably satisfactory
in form and substance to the Administrative Agent, in each case relating to each
such Mortgaged Property. Borrower shall also execute and deliver to the
Administrative Agent, no later than November 30, 2005, a completed perfection
certificate, in substantially the form of Exhibit D hereto (the “Perfection
Certificate”). If requested by the Administrative Agent, Borrower shall deliver
to the Administrative Agent, at Borrower’s sole cost and expense, appraisals and
related documents on any Collateral (as such term is defined in the Security
Agreement) or any real property owned by Borrower or any other Credit Party. If
requested by the Administrative Agent, Borrower shall permit, and shall cause
each other Credit Party to permit, the Administrative Agent or any of its
representatives or designees access to the environmental records, reports, data
and other information on file with Borrower or any other Credit Party. In
accordance with the terms of the Security Agreement, on or after February 1,
2006, if requested by the Administrative Agent, Borrower shall deliver to the
Administrative Agent, at Borrower’s sole cost and expense, Phase I environmental
reports or assessments on real property owned by Borrower or any other Credit
Party.

 

5. REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to the
Lenders, the Swing Line Lender and the Administrative Agent as follows:

 

5.1 Authorization and Validity of Agreement, etc. This Agreement has been duly
authorized by all necessary corporate action on the part of Borrower, has been
duly executed and delivered by a duly authorized officer of Borrower and
constitutes the valid and binding agreement of Borrower, enforceable against
Borrower in accordance with its terms, subject to applicable bankruptcy and
insolvency laws.

 

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5.2 Representations and Warranties. The representations and warranties of
Borrower contained in the Credit Agreement or in the other Credit Documents are
true and correct in all material respects on and as of the date hereof as though
made on and as of the date hereof, except to the extent that such
representations and warranties expressly relate to an earlier specified date, in
which case such representations and warranties are hereby reaffirmed as true and
correct in all material respects as of the date when made.

 

5.3 No Event of Default. After giving effect to this Agreement, no condition or
event has occurred or exists which constitutes or which, after notice or lapse
of time or both, would constitute a Default or an Event of Default, other than
the Forbearance Defaults.

 

5.4 No Claims. Neither Borrower nor any Subsidiary has any claim or offset
against, or defense or counterclaim to, any of Borrower’s or any Subsidiary’s
obligations or liabilities under the Credit Agreement or any other Credit
Document.

 

5.5 Compliance. Borrower is in full compliance with all covenants and agreements
contained in the Credit Agreement, except as specifically relates to the Waived
Default and the Forbearance Defaults, and the other Credit Documents to which it
is a party; and without limitation of the foregoing, each Subsidiary of Borrower
which, as of the date hereof, is required to be a Subsidiary Guarantor, has on
or prior to the date hereof, become a Subsidiary Guarantor under the Subsidiary
Guaranty.

 

6. RATIFICATIONS. Except as expressly modified and superseded by this Agreement,
the terms and provisions of the Credit Agreement and each other Credit Document
are ratified and confirmed and shall continue in full force and effect.

 

7. EFFECTIVENESS. This Agreement shall become effective on the date (the
“Effective Date”), the following conditions shall have been satisfied:

 

(a) This Agreement shall have been executed by Borrower, the Required Lenders
and the Administrative Agent, and counterparts hereof as so executed shall have
been delivered to the Administrative Agent;

 

(b) Borrower shall have caused the Subsidiary Guarantors to have executed, and
shall deliver to the Administrative Agent, the Guarantor Acknowledgement
attached hereto;

 

(c) Borrower shall have delivered to the Administrative Agent originals of each
Security Document (other than the Mortgages), in each case executed by the
applicable Credit Parties, together with all closing deliveries required by the
terms of such Security Documents, including but not limited to, stock
certificates and stock powers (except to the extent otherwise agreed to by the
Administrative Agent);

 

(d) Borrower shall have delivered to the Administrative Agent certified copies
of the resolutions of the Credit Parties authorizing this Agreement and each
Security Document;

 

(e) Borrower shall have delivered to the Administrative Agent a certificate, in
form and substance satisfactory to the Administrative Agent, certifying that
after giving effect to this Agreement, no condition or event has occurred or
exists which constitutes or which, after notice or lapse of time or both, would
constitute a Default or an Event of Default (other than the Waived Default and
the Forbearance Defaults);

 

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(f) Borrower shall have delivered to the Administrative Agent a good standing
certificate from the Secretary of State or other governmental official of each
Credit Party’s jurisdiction of incorporation, certifying as to the good standing
of such Credit Party;

 

(g) Borrower shall have caused to be delivered to the Administrative Agent a
legal opinion, in form and substance satisfactory to the Administrative Agent
and its counsel, covering such matters as the Administrative Agent shall
reasonably request;

 

(h) Borrower shall have paid to the Administrative Agent for the benefit of each
Lender that delivers a signature page to this Agreement to the Administrative
Agent at or before 5:00 p.m. on November 4, 2005, the fee set forth opposite
such Lender’s name on Exhibit A hereto, provided that, in the event a Lender
does not deliver its signature page to the Administrative Agent at or before
such time, Borrower shall not be required to pay the fee set forth opposite such
Lender’s name; and

 

(i) Borrower shall have delivered to the Administrative Agent such other
agreements, instruments and other documents as the Administrative Agent may
request on or prior to the date the conditions otherwise set forth in this
Section 7 have been satisfied;

 

Upon the satisfaction of the foregoing conditions precedent, this Agreement
shall be binding upon and inure to the benefit of Borrower, each Lender, the
Swing Line Lender and the Administrative Agent and their respective permitted
successors and assigns. After this Agreement becomes effective, the
Administrative Agent shall furnish a copy of this Agreement to each Lender and
Borrower.

 

8. MISCELLANEOUS.

 

8.1 Survival of Representations and Warranties. All representations and
warranties made in this Agreement shall survive the execution and delivery of
this Agreement, and no investigation by the Administrative Agent or any Lender
or any subsequent Loan shall affect the representations and warranties or the
right of the Administrative Agent or any Lender to rely upon them.

 

8.2 Reference to Credit Agreement. The Credit Agreement and any and all other
agreements, instruments or documentation now or hereafter executed and delivered
pursuant to the terms of the Credit Agreement as amended hereby, are hereby
amended so that any reference therein to the Credit Agreement shall mean a
reference to the Credit Agreement as amended hereby.

 

8.3 Expenses. As provided in the Credit Agreement, but without limiting any
terms or provisions thereof, Borrower shall pay on demand all reasonable costs
and expenses incurred by the Administrative Agent in connection with the
preparation, negotiation, and execution of this Agreement, including, without
limitation, the reasonable costs and fees of the Administrative Agent’s special
legal counsel, regardless of whether this Agreement becomes effective in
accordance with the terms hereof, and all reasonable costs and expenses incurred
by the Administrative Agent or any Lender in connection with the enforcement or
preservation of any rights under the Credit Agreement, as amended hereby.

 

8.4 Severability. Any term or provision of this Agreement held by a court of
competent jurisdiction to be invalid or unenforceable shall not impair or
invalidate the remainder of this Agreement, and the effect thereof shall be
confined to the term or provision so held to be invalid or unenforceable.

 

8.5 Applicable Law. This Agreement shall be governed by and construed in
accordance with the laws of the Commonwealth of Pennsylvania, without regard to
principles of conflicts of laws.

 

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8.6 Headings. The headings, captions and arrangements used in this Agreement are
for convenience only and shall not affect the interpretation of this Agreement.

 

8.7 Entire Agreement. This Agreement is specifically limited to the matters
expressly set forth herein. This Agreement and all other instruments, agreements
and documentation executed and delivered in connection with this Agreement
embody the final, entire agreement among the parties hereto with respect to the
subject matter hereof and supersede any and all prior commitments, agreements,
representations and understandings, whether written or oral, relating to the
matters covered by this Agreement, and may not be contradicted or varied by
evidence of prior, contemporaneous or subsequent oral agreements or discussions
of the parties hereto. There are no oral agreements among the parties hereto
relating to the subject matter hereof or any other subject matter relating to
the Credit Agreement.

 

8.8 Counterparts. This Agreement may be executed by the parties hereto
separately in one or more counterparts and by facsimile signature, each of which
when so executed shall be deemed to be an original, but all of which when taken
together shall constitute one and the same agreement.

 

8.9 JURY TRIAL WAIVER. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY
WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY HERETO HEREBY
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, AND (B) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION.

 

[Signatures follow.]

 

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IN WITNESS WHEREOF, this Agreement has been duly executed and delivered as of
the date first above written.

 

CALGON CARBON CORPORATION By:  

/s/ Leroy M. Ball

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Name:  

Leroy M. Ball

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Title:  

Vice President and Chief Financial Officer

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NATIONAL CITY BANK OF

PENNSYLVANIA, as a Lender, the Swing Line

Lender and as the Administrative Agent

By:  

/s/ Lawrence O. Deihle

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Name:  

Lawrence O. Deihle

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Title  

Vice President

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PNC BANK, NATIONAL ASSOCIATION By:  

/s/ Joseph R. Micka

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Name:  

Joseph R. Micka

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Title:  

Vice President

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WACHOVIA BANK, NATIONAL ASSOCIATION By:  

/s/ Patrick J. Kaufmann

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Name:  

Patrick J. Kaufmann

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Title:  

Vice President

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FIFTH THIRD BANK By:  

/s/ Jim Janovsky

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Name:  

Jim Janovsky

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Title:  

Vice President

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BANK OF AMERICA, N.A. (successor in interet to Fleet National Bank) By:  

/s/ Sandra Guerrieri

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Name:  

Sandra Guerrieri

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Title:  

Vice President

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Exhibit A

 

Lender

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   Fee

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National City Bank of Pennsylvania

   $ 20,625.00

Fifth Third Bank

   $ 17,625.00

Bank of America, N.A. (successor in interest to Fleet National Bank)

   $ 17,175.00

Wachovia Bank, National Association

   $ 19,575.00

PNC Bank, National Association

   $ 18,750.00

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Exhibit B

 

Security Agreement

 

See attached.

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Exhibit C

 

Pledge Agreement

 

See attached.

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Exhibit D

 

Perfection Certificate

 

See attached.

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GUARANTOR ACKNOWLEDGMENT

 

Each of the undersigned (collectively, the “Subsidiary Guarantors” and,
individually, each a “Subsidiary Guarantor”), consents and agrees to and
acknowledges the terms of the foregoing Waiver Agreement, dated as of November
4, 2005 (the “Agreement”). Each Subsidiary Guarantor specifically acknowledges
the terms of and consents to the waivers, including the jury trial waiver, set
forth in the Agreement. Each Subsidiary Guarantor further agrees that its
obligations pursuant to the Subsidiary Guaranty that it executed in connection
with the Credit Agreement shall remain in full force and effect and be
unaffected hereby.

 

Each Subsidiary Guarantor hereby represents and warrants that there exists no
claim or offset against, or defense or counterclaim to, any of its obligations
or liabilities under the Credit Agreement or any other Credit Document to which
it is a party.

 

IN WITNESS WHEREOF, this Guarantor Acknowledgment has been duly executed and
delivered as of the date of the Agreement.

 

CALGON CARBON INVESTMENTS INC. By:  

/s/ Leroy M. Ball

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Name:  

Leroy M. Ball

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Title:  

Vice President and Chief Financial Officer

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BSC COLUMBUS, LLC By:  

/s/ Leroy M. Ball

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Name:  

Leroy M. Ball

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Title:  

Manager

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CCC COLUMBUS, LLC By:  

/s/ Leroy M. Ball

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Name:  

Leroy M. Ball

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Title:  

Manager

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CCC DISTRIBUTION, LLC By:  

/s/ Leroy M. Ball

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Name:  

Leroy M. Ball

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Title:  

Manager

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