Exhibit 10.1

AMENDMENT NO. 3 TO THE CREDIT AGREEMENT

AMENDMENT NO. 3 TO THE CREDIT AGREEMENT (this “Amendment”), dated as of
February 27, 2012 among CATALENT PHARMA SOLUTIONS, INC., a Delaware corporation
(the “Borrower”), PTS INTERMEDIATE HOLDINGS LLC, a Delaware limited liability
company (“Holdings”), MORGAN STANLEY SENIOR FUNDING, INC., as Administrative
Agent (in such capacity, the “Administrative Agent”), Collateral Agent and Swing
Line Lender and each lender party hereto.

PRELIMINARY STATEMENTS:

(1) The Borrower, Holdings, Morgan Stanley Senior Funding, Inc., as
Administrative Agent, Collateral Agent and Swing Line Lender, Bank of America,
N.A., as L/C Issuer, the other lenders party thereto and the other agents party
thereto have entered into a Credit Agreement dated as of April 10, 2007 (as the
same may have been amended, supplemented or otherwise modified prior to the date
hereof, the “Credit Agreement”). Capitalized terms not otherwise defined in this
Amendment have the same meanings as specified in the Credit Agreement (as
amended by this Amendment).

(2) The Borrower has requested an extension of the maturity date for all or part
of the outstanding Dollar Term-1 Loans, Dollar Term-1 Commitments, Euro Term
Loans and Euro Term Commitments and other amendments to the Credit Agreement, as
hereinafter set forth.

(3) Each Dollar Term-1 Lender who executes and delivers to the Administrative
Agent a counterpart to this Amendment as an “Extending and Consenting Lender”
prior to the effectiveness of this Amendment shall be deemed, upon the
effectiveness of Section 1 of this Amendment, to have converted its outstanding
Dollar Term-1 Loans into Extended Dollar Term -1 Loans (as defined hereinafter)
in the aggregate amount set forth (a) on such Lender’s signature page hereto and
(b) opposite such Lender’s name on Schedule 2.01(a) under the caption “Extended
Dollar Term-1 Loan”.

(4) Each Euro Term Lender who executes and delivers to the Administrative Agent
a counterpart to this Amendment as an “Extending and Consenting Lender” prior to
the effectiveness of this Amendment shall be deemed, upon the effectiveness of
Section 1 of this Amendment, to have converted its outstanding Euro Term Loans
into Extended Euro Term Loans (as defined hereinafter) in the aggregate amount
set forth (a) on such Lender’s signature page hereto and (b) opposite such
Lender’s name on Schedule 2.01(b) under the caption “Extended Euro Term Loan”.

(5) To the extent not so converted and extended prior to the effectiveness of
this Amendment, any amount of any Dollar Term-1 Loan and Euro Term Loan shall
remain in place under the Credit Agreement and be renamed as Non-Extended Dollar
Term-1 Loan and Non-Extended Euro Term Loan, respectively, with the same
respective terms, rights and obligations under the Loan Documents as before
giving effect to this Amendment, except as otherwise set forth herein.

(6) The Borrower and the Required Lenders party hereto have agreed to amend the
Credit Agreement to effect the changes described above and other changes as
hereinafter set forth.

 

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NOW THEREFORE, in consideration of the premises and for other good and valuable
consideration (the receipt and sufficiency of which is hereby acknowledged), the
parties hereto hereby agree as follows:

SECTION 1. Amendments to Credit Agreement. The Credit Agreement is, effective as
of the Amendment No. 3 Effective Date (as hereinafter defined) and subject to
the satisfaction of the conditions precedent set forth in Section 2 hereof,
hereby amended as follows:

(a) The Credit Agreement is, effective as of the Amendment No. 3 Effective Date,
hereby amended to delete the stricken text (indicated textually in the same
manner as the following example: stricken text) and to add the double-underlined
text (indicated textually in the same manner as the following example:
double-underlined text) as set forth in the pages of the Credit Agreement
attached as Exhibit B hereto.

(b) Schedule 2.01(a)(i) and Schedule 2.01(b) to the Credit Agreement is hereby
deleted in its entirety and replaced with Schedule 2.01(a)(i) and Schedule
2.01(b), respectively, to this Amendment.

(c) Exhibit A to the Credit Agreement is hereby deleted in its entirety and
replaced with Exhibit A to this Amendment.

SECTION 2. Conditions of Effectiveness to Amendment No. 3. Section 1 of this
Amendment shall become effective on the date (the “Amendment No. 3 Effective
Date”) when, and only when, the following conditions shall have been satisfied:

(a) The Administrative Agent shall have received counterparts of this Amendment
executed by each Loan Party and each of the Required Lenders or, as to any of
the Lenders, written evidence reasonably satisfactory to the Administrative
Agent that such Lender has executed this Amendment.

(b) The Administrative Agent shall have received evidence that all reasonable
fees and expenses of the Administrative Agent for which reasonably detailed
invoices have been presented (including the reasonable fees and expenses of
Shearman & Sterling LLP) shall have been paid.

(c) The Administrative Agent shall have received a certificate of the Borrower
dated as of the Amendment No. 3 Effective Date signed on behalf of the Borrower
by a Responsible Officer of the Borrower, certifying on behalf of the Borrower
that, (1) the representations and warranties of the Borrower contained in
Article V of the Credit Agreement and in any other Loan Document, are true and
correct in all material respects on and as of the Amendment No. 3 Effective
Date, except to the extent that such representations and warranties specifically
refer to an earlier date, in which case they are true and correct in all
material respects as of such earlier date and (2) no Default or Event of Default
has occurred and is continuing, or would immediately result from the occurrence
of the Amendment No. 3 Effective Date.

(d) The Administrative Agent shall have received certified copies of the
resolutions of the Board of Directors of the Borrower approving this Amendment
and the matters contemplated hereby.

(e) The Administrative Agent shall have received a favorable opinion of Simpson
Thacher & Bartlett LLP, New York counsel to the Borrower, in form and substance
reasonably satisfactory to the Administrative Agent.

(f) Each Lender shall have received, if requested at least two Business Days in
advance of the Amendment No. 3 Effective Date, a Note payable to the order of
such Lender duly executed by the Borrower in substantially the form of Exhibit
C-1 or Exhibit C-2 to the Credit Agreement, as applicable, in each case as
modified by this Amendment.

 

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(g) Each Lender that executes a counterpart to this Amendment as a “Consenting
Lender” or an “Extending and Consenting Lender” on or before 5:00 p.m., New York
City time, on February 21, 2012 shall have been paid an amendment fee in an
amount equal to 0.10% of the sum of such Lender’s outstanding Term Loans (other
than Dollar Term-2 Loans) and Revolving Credit Commitment (after giving effect
to this Amendment) as of such date.

SECTION 3. Representations and Warranties. Each Loan Party represents and
warrants to the Agents and the Lenders that:

(a) Each Loan Party and each of its Subsidiaries (i) is a Person duly organized
or formed, validly existing and in good standing under the Laws of the
jurisdiction of its incorporation or organization and (ii) has all requisite
power and authority to execute and deliver this Amendment and perform its
obligations under this Amendment and the Loan Documents to which it is a party.

(b) The execution and delivery by each Loan Party of this Amendment and the
performance under this Amendment and the Loan Documents to which such Person is
a party, are within such Loan Party’s corporate or other powers, have been duly
authorized by all necessary corporate or other organizational action, and do not
and will not (i) contravene the terms of any of such Person’s Organization
Documents, (ii) conflict with or result in any breach or contravention of, or
the creation of any Lien under (other than as permitted by Section 7.01 of the
Credit Agreement), or require any payment to be made under (x) any Contractual
Obligation to which such Person is a party or affecting such Person or the
properties of such Person or any of its Subsidiaries or (y) any material order,
injunction, writ or decree of any Governmental Authority or any arbitral award
to which such Person or its property is subject; or (iii) violate any material
Law; except with respect to any conflict, breach or contravention or payment
(but not creation of Liens) referred to in clause (ii)(x), to the extent that
such conflict, breach, contravention or payment could not reasonably be expected
to have a Material Adverse Effect.

(c) No material approval, consent, exemption, authorization, or other action by,
or notice to, or filing with, any Governmental Authority or any other Person is
necessary or required in connection with the execution, delivery or performance
by, or enforcement against, any Loan Party of this Amendment.

(d) This Amendment has been duly executed and delivered by each Loan Party that
is party hereto. This Amendment constitutes a legal, valid and binding
obligation of such Loan Party, enforceable against such Loan Party that is party
hereto in accordance with its terms, except as such enforceability may be
limited by Debtor Relief Laws and by general principles of equity.

SECTION 4. Reference to and Effect on the Credit Agreement and the Loan
Documents. (a) The parties hereto agree that notwithstanding the requirements in
Sections 2.06(a)(i) and (ii), the Revolving Tranche-1 Facility immediately prior
to the effectiveness of this Amendment shall, immediately upon the effectiveness
of this Amendment and subject to the other terms of the Credit Agreement, be
terminated in full.

(b) On and after the effectiveness of this Amendment, each reference in the
Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like
import referring to the Credit Agreement, and each reference in the Notes and
each of the other Loan Documents to “the Credit Agreement”, “thereunder”,
“thereof” or words of like import referring to the Credit Agreement, shall mean
and be a reference to the Credit Agreement, as amended by this Amendment.

 

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(c) The Credit Agreement, as specifically amended by this Amendment, is and
shall continue to be in full force and effect and is hereby in all respects
ratified and confirmed. Without limiting the generality of the foregoing, the
Collateral Documents and all of the Collateral described therein do and shall
continue to secure the payment of all Obligations of the Loan Parties under the
Loan Documents, in each case as amended by this Amendment.

(d) The execution, delivery and effectiveness of this Amendment shall not,
except as expressly provided herein, operate as a waiver of any right, power or
remedy of any Lender or the Administrative Agent under any of the Loan
Documents, nor constitute a waiver of any provision of any of the Loan
Documents.

(e) Each Loan Party hereby (i) ratifies and reaffirms all of its payment and
performance obligations, contingent or otherwise, under each of the Loan
Documents to which it is a party, (ii) ratifies and reaffirms each grant of a
lien on, or security interest in, its property made pursuant to the Loan
Documents (including, without limitation, the grant of security made by such
Loan Party pursuant to the Security Agreement) and confirms that such liens and
security interests continue to secure the Obligations under the Loan Documents,
subject to the terms thereof and (iii) in the case of each Guarantor, ratifies
and reaffirms its guaranty of the Obligations pursuant to the Guaranty.

SECTION 5. Costs and Expenses The Borrower agrees to pay all reasonable and
documented out-of-pocket costs and expenses of the Administrative Agent in
connection with the preparation, execution, delivery and administration of this
Amendment and the other instruments and documents to be delivered hereunder
(including, without limitation, the reasonable fees and expenses of counsel for
the Administrative Agent) in accordance with the terms of Section 10.04 of the
Credit Agreement.

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 shall be deemed to be an original and all of
which taken together shall constitute but one and the same agreement. Delivery
of an executed counterpart of a signature page to this Amendment by telecopier
or other electronic delivery (e.g., “pdf”) 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.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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

 

CATALENT PHARMA SOLUTIONS, INC. By:   /s/ Matthew Walsh   Name: Matthew Walsh  
Title: Senior Vice President and Chief Financial Officer

 

PTS INTERMEDIATE HOLDINGS LLC By:   /s/ Matthew Walsh   Name: Matthew Walsh  
Title: Chief Financial Officer and Treasurer

 

CATALENT USA WOODSTOCK, INC. By:   /s/ Matthew Walsh   Name: Matthew Walsh  
Title: Senior Vice President and Chief Financial Officer

 

CATALENT USA PACKAGING, LLC By:   /s/ Matthew Walsh   Name: Matthew Walsh  
Title: Senior Vice President and Chief Financial Officer

 

CATALENT USA PAINTBALL, INC. By:   /s/ Matthew Walsh   Name: Matthew Walsh  
Title: Senior Vice President and Chief Financial Officer

 

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CATALENT PHARMA SOLUTIONS, LLC By:   /s/ Matthew Walsh   Name: Matthew Walsh  
Title: Senior Vice President and Chief Financial Officer

 

R.P. SCHERER TECHNOLOGIES, LLC By:   /s/ Matthew Walsh   Name: Matthew Walsh  
Title: Treasurer

 

GLACIER CORPORATION By:   /s/ Matthew Walsh   Name: Matthew Walsh   Title:
Treasurer

 

CATALENT US HOLDING I, LLC by Catalent Pharma Solutions, Inc., its Sole Member

By:   /s/ John Chiminski Name: John Chiminski Title: President and Chief
Executive Officer

 

CATALENT US HOLDING II, LLC
by Catalent Pharma Solutions, Inc., its Sole Member By:   /s/ John Chiminski
Name:   John Chiminski Title:   President and Chief Executive Officer

 

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MORGAN STANLEY SENIOR FUNDING, INC.,

as Administrative Agent

By:   /s/ Stephen B. King   Name: Stephen B. King   Title: Vice President

 

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EXTENDING AND CONSENTING LENDERS: Qualcomm Global Trading, Inc.

By: Invesco Senior Secured Management, Inc.

As Investment Manager

as an Extending and Consenting Lender By:   /s/ Robert P. Drobny   Name: Robert
P. Drobny   Title: Authorized Signatory

 

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EXTENDING AND CONSENTING LENDERS: AVALON CAPITAL LTD. 3 By: INVESCO Senior
Secured Management, Inc. As Asset Manager as an Extending and Consenting Lender
By:   /s/ Robert P. Drobny   Name: Robert P. Drobny   Title: Authorized
Signatory

 

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EXTENDING AND CONSENTING LENDERS: BELHURST CLO LTD.

By: INVESCO Senior Secured Management Inc.

As Collateral Manager

as an Extending and Consenting Lender By:   /s/ Robert P. Drobny   Name: Robert
P. Drobny   Title: Authorized Signatory

 

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EXTENDING AND CONSENTING LENDERS: DIVERSIFIED CREDIT PORTFOLIO LTD.

By: INVESCO Senior Secured Management, Inc.

as Investment Adviser

as an Extending and Consenting Lender By:   /s/ Robert P. Drobny   Name: Robert
P. Drobny   Title: Authorized Signatory

 

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EXTENDING AND CONSENTING LENDERS: HUDSON CANYON FUNDING II, LTD.

By: INVESCO Senior Secured Management, Inc.

As Collateral Manager & Attorney In Fact

as an Extending and Consenting Lender By:   /s/ Robert P. Drobny   Name: Robert
P. Drobny   Title: Authorized Signatory

 

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EXTENDING AND CONSENTING LENDERS: LIMEROCK CLO I

By: INVESCO Senior Secured Management, Inc.

As Investment Manager

as an Extending and Consenting Lender By:   /s/ Robert P. Drobny   Name: Robert
P. Drobny   Title: Authorized Signatory

 

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EXTENDING AND CONSENTING LENDERS: NAUTIQUE FUNDING LTD.

By: INVESCO Senior Secured Management, Inc.

As Collateral Manager

as an Extending and Consenting Lender By:   /s/ Robert P. Drobny   Name: Robert
P. Drobny   Title: Authorized Signatory

 

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EXTENDING AND CONSENTING LENDERS: WASATCH CLO LTD

By: INVESCO Senior Secured Management, Inc.

As Portfolio Manager

as an Extending and Consenting Lender By:   /s/ Robert P. Drobny   Name: Robert
P. Drobny   Title: Authorized Signatory

 

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EXTENDING AND CONSENTING LENDERS: Invesco Coniston B.V.

By: Invesco Asset Management Limited

as Collateral Manager

as an Extending and Consenting Lender By:   /s/ Robert P. Drobny   Name: Robert
P. Drobny   Title: Authorized Signatory

 

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EXTENDING AND CONSENTING LENDERS: lnvesco Mezzano B.V.

Signed By: Invesco Asset Management Limited

as Collateral Manager

as an Extending and Consenting Lender By:   /s/ Robert P. Drobny   Name: Robert
P. Drobny   Title: Authorized Signatory

 

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EXTENDING AND CONSENTING LENDERS: Manulife Asset Management [please print or
type name of institution], as an Extending and Consenting Lender By:   /s/ Ken
D’Amato   Name: Ken D’Amato   Title: Managing Director

 

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EXTENDING AND CONSENTING LENDERS: Morgan Stanley Senior Funding, Inc., as an
Extending and Consenting Lender By:   /s/ Stephen B. King   Name: Stephen B.
King   Title: VP

 

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EXTENDING AND CONSENTING LENDERS: Oppenheimer Senior Floating Rate Fund, as an
Extending and Consenting Lender By:   /s/ Bill Campbell   Name: Bill Campbell  
Title: AVP Brown Brothers Harriman & Co. acting as agent for OppenheimerFunds,
Inc.

 

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EXTENDING AND CONSENTING LENDERS: Oppenheimer Master Loan Fund, LLC, as an
Extending and Consenting, Lender By:   /s/ Bill Campbell   Name: Bill Campbell  
Title: AVP Brown Brothers Harriman & Co. acting as agent for OppenheimerFunds,
Inc.

 

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EXTENDING AND CONSENTING LENDERS: Visium Credit Master Fund, Ltd. By: Visium
Asset Management, LP HS: Investment Manager [please print or type name of
institution], as an Extending and Consenting Lender By:   /s/ Steven Ku   Name:
Steven Ku   Title: CFO

 

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EXTENDING AND CONSENTING LENDERS: LumXVisium Credit Fund Limited By: Visium
Asset Management, LP HS: Trading Advisor [please print or type name of
Institution], as an Extending and Consenting Lender By:   /s/ Steven Ku   Name:
Steven Ku   Title: CFO

 

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EXTENDING AND CONSENTING LENDERS: Visium Balanced Master Fund, Ltd. By: Visium
Asset Management, LP HS: Investment Manager [please print or type name of
Institution], as an Extending and Consenting Lender By:   /s/ Steven Ku   Name:
Steven Ku   Title: CFO

 

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EXTENDING AND CONSENTING LENDERS: HillMark Funding, Ltd. By: HillMark Capital
Management, L.P., as Collateral Manager , as Lender [please print or type name
of institution], as an Extending and Consenting Lender By:   /s/ Mark Gold  
Name: Mark Gold   Title: CEO

 

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EXTENDING AND CONSENTING LENDERS: SunAmerica Senior Floating Rate Fund, Inc., as
an Extending and Consenting Lender By: Wellington Management Company, LLP, as
its Investment Adviser By:   /s/ Steven M. Hoffman   Name: Steven M. Hoffman  
Title: Vice President and Counsel

 

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EXTENDING AND CONSENTING LENDERS: Cadogan Square CLO IV B.V., as an Extending
and Consenting Lender By:   /s/            Girard   Name:             Girard  
Title: President By:   /s/ Jakob von Kalckreuth   Name: Jakob von Kalckreuth  

Title: Director, Credit Suisse Asset

Management Limited

 

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EXTENDING AND CONSENTING LENDERS: 505 CLO I LTD., as an Extending and Consenting
Lender By: CIT Asset Management LLC, as Authorized Signatory By:   /s/ Roger M.
Burns   Name: Roger M. Burns   Title: CIT Asset Management LLC, Executive VP

 

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EXTENDING AND CONSENTING LENDERS: DRYDEN XXII SENIOR LOAN FUND, as an Extending
and Consenting Lender By: Prudential Investment Management, Inc., as Portfolio
Manager By:   /s/ Joseph Lemanowicz   Name: Joseph Lemanowicz   Title: Vice
President

 

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EXTENDING AND CONSENTING LENDERS: Dryden XXI Leveraged Loan CDO LLC, as an
Extending and Consenting Lender By: Prudential Investment Management, Inc., as
Collateral Manager By:   /s/ Joseph Lemanowicz   Name: Joseph Lemanowicz  
Title: Vice President

 

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EXTENDING AND CONSENTING LENDERS: Dryden X – EURO CLO 2005 p.l.c., as an
Extending and Consenting Lender By: Pramerica Investment Management (a trading
name of Prudential Investment Management, Inc.), as Collateral Manager By:   /s/
Joseph Lemanowicz   Name: Joseph Lemanowicz   Title: Vice President

 

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EXTENDING AND CONSENTING LENDERS: Dryden XIV – EURO CLO 2006 p.l.c., as an
Extending and Consenting Lender By: Pramerica Investment Management (a trading
name of Prudential Investment Management, Inc.), as Collateral Manager By:   /s/
Joseph Lemanowicz   Name: Joseph Lemanowicz   Title: Vice President

 

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EXTENDING AND CONSENTING LENDERS: Dryden XV – EURO CLO 2006 p.l.c., as an
Extending and Consenting Lender By: Pramerica Investment Management (a trading
name of Prudential Investment Management, Inc.), as Collateral Manager By:   /s/
Joseph Lemanowicz   Name: Joseph Lemanowicz   Title: Vice President

 

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EXTENDING AND CONSENTING LENDERS: Dryden IX – Senior Loan Fund 2005 p.l.c., as a
Consenting and Extending Lender By: Prudential Investment Management, Inc.,
Collateral Manager By:   /s/ Joseph Lemanowicz   Name: Joseph Lemanowicz  
Title: Vice President

 

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EXTENDING AND CONSENTING LENDERS: Dryden XI – Leveraged Loan CDO 2006, as a
Consenting and Extending Lender By: Prudential Investment Management, Inc., as
Collateral Manager By:   /s/ Joseph Lemanowicz   Name: Joseph Lemanowicz  
Title: Vice President

 

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EXTENDING AND CONSENTING LENDERS: Dryden XVI – Leveraged Loan CDO 2006, as a
Consenting and Extending Lender By: Prudential Investment Management, Inc., as
Collateral Manager By:   /s/ Joseph Lemanowicz   Name: Joseph Lemanowicz  
Title: Vice President

 

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EXTENDING AND CONSENTING LENDERS: Dryden XVIII Leveraged Loan 2007 Ltd., as an
Extending and Consenting Lender By: Prudential Investment Management, Inc., as
Collateral Manager By:   /s/ Joseph Lemanowicz   Name: Joseph Lemanowicz  
Title: Vice President

 

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EXTENDING AND CONSENTING LENDERS: Dryden VII – Leveraged Loan CDO 2004, as an
Extending and Consenting Lender By: Prudential Investment Management, Inc., as
Collateral Manager By:   /s/ Joseph Lemanowicz   Name: Joseph Lemanowicz  
Title: Vice President

 

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EXTENDING AND CONSENTING LENDERS: Dryden VIII – Leveraged Loan CDO 2005, as an
Extending and Consenting Lender By: Prudential Investment Management, Inc., as
Collateral Manager By:   /s/ Joseph Lemanowicz   Name: Joseph Lemanowicz  
Title: Vice President

 

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EXTENDING AND CONSENTING LENDERS: Prudential Investment Portfolios 9 -
Prudential Absolute Return Bond Fund, as an Extending and Consenting Lender By:
Prudential Investment Management, Inc., as Investment Advisor By:   /s/ Joseph
Lemanowicz   Name: Joseph Lemanowicz   Title: Vice President

 

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EXTENDING AND CONSENTING LENDERS: The Prudential Insurance Company of America,
as an Extending and Consenting Lender By: Prudential Investment Management,
Inc., as Investment Advisor By:   /s/ Joseph Lemanowicz   Name: Joseph
Lemanowicz   Title: Vice President

 

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EXTENDING AND CONSENTING LENDERS: Mayport CLO Ltd. By: Pacific Investment
Management Company LLC, as its investment Advisor By:   /s/ Arthur Y.D. Ong  
Name: Arthur Y.D. Ong   Title: Executive Vice President

 

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EXTENDING AND CONSENTING LENDERS: Portola CLO, Ltd. By: Pacific Investment
Management Company LLC, as its Investment Advisor By:   /s/ Arthur Y.D. Ong  
Name: Arthur Y.D. Ong   Title: Executive Vice President

 

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EXTENDING AND CONSENTING LENDERS: PIMCO Funds: PIMCO High Yield Spectrum Fund
By: Pacific Investment Management Company LLC, as its Investment Advisor By:  
/s/ Arthur Y.D. Ong   Name: Arthur Y.D. Ong   Title: Executive Vice President

 

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EXTENDING AND CONSENTING LENDERS: PIMCO Funds: PIMCO Senior Floating Rate Fund
By: Pacific Investment Management Company LLC, as its Investment Advisor By:  
/s/ Arthur Y.D. Ong   Name: Arthur Y.D. Ong   Title: Executive Vice President

 

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EXTENDING AND CONSENTING LENDERS: PIMCO Funds: Private Account Portfolio Series
Senior Floating Rate Portfolio By: Pacific Investment Management Company LLC, as
its Investment Advisor By:   /s/ Arthur Y.D. Ong   Name: Arthur Y.D. Ong  
Title: Executive Vice President

 

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EXTENDING AND CONSENTING LENDERS: PIMCO Cayman Bank Loan Fund By: Pacific
Investment Management Company LLC, as its Investment Advisor By:    /s/ Arthur
Y.D. Ong   Name: Arthur Y.D. Ong   Title: Executive Vice President

 

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EXTENDING AND CONSENTING LENDERS: PIMCO Bermuda U.S. High Yield Fund (M) By:
Pacific Investment Management Company LLC, as its Investment Advisor By:    /s/
Arthur Y.D. Ong   Name: Arthur Y.D. Ong   Title: Executive Vice President

 

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EXTENDING AND CONSENTING LENDERS: IBM Personal Pension Plan Trust By: Pacific
Investment Management Company LLC, as its Investment Advisor By:    /s/ Arthur
Y.D. Ong   Name: Arthur Y.D. Ong   Title: Executive Vice President

 

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EXTENDING AND CONSENTING LENDERS: State Teachers Retirement System of Ohio By:
Pacific Investment Management Company LLC, as its Investment Advisor By:    /s/
Arthur Y.D. Ong   Name: Arthur Y.D. Ong   Title: Executive Vice President

 

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EXTENDING AND CONSENTING LENDERS: PIMCO Funds: PIMCO High Yield Fund By: Pacific
Investment Management Company LLC, as its Investment Advisor By:    /s/ Arthur
Y.D. Ong   Name: Arthur Y.D. Ong   Title: Executive Vice President

 

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EXTENDING AND CONSENTING LENDERS: GENERAL ELECTRIC CAPITAL CORPORATION, as an
Extending and Consenting Lender By:    /s/ Patrick A. Lucas   Name: Patrick A.
Lucas   Title: Duly Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS: CREDIT SUISSE LOAN FUNDING LLC as an Extending
and Consenting Lender By:    /s/ Michael Wotanowski   Name: Michael Wotanowski  
Title: Authorized Signatory By:    /s/ Jed Kelly   Name: Jed Kelly   Title:
Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Rosedale CLO Ltd. By: Princeton Advisory
Group, Inc., the Collateral Manager By:    /s/ Paul P. Malecki   Name: Paul P.
Malecki   Title: Senior Portfolio Manager, Princeton Advisory Group, Inc.

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS: Neptune Finance CCS, Ltd. [please print or
type name of institution], as an Extending and Consenting Lender By: Gulf Stream
Asset Management LLC As Collateral Manager By:    /s/ Joe Moroney   Name: Joe
Moroney   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS: Gulf Stream – Sextant CLO 2007-1, Ltd. [please
print or type name of institution], as an Extending and Consenting Lender By:
Gulf Stream Asset Management LLC As Collateral Manager By:    /s/ Joe Moroney  
Name: Joe Moroney   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Gulf Stream - Sextant CLO 2006-1, Ltd. [please
print or type name of institution], as an Extending and Consenting Lender By:
Gulf Stream Asset Management LLC As Collateral Manager By:    /s/ Joe Moroney  
Name: Joe Moroney   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Gulf Stream - Rashinban CLO 2006-I, Ltd.
[please print or type name of institution], as an Extending and Consenting
Lender By: Gulf Stream Asset Management LLC As Collateral Manager By:    /s/ Joe
Moroney   Name: Joe Moroney   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS: Gulf Stream - Compass CLO 2005-II, Ltd.
[please print or type name of institution], as an Extending and Consenting
Lender By: Gulf Stream Asset Management LLC As Collateral Manager By:    /s/ Joe
Moroney   Name: Joe Moroney   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Gulf Stream - Compass CLO 2005-I, Ltd. [print
or type name of institution], as an Extending and Consenting Lender

By: Gulf Stream Asset Management LLC

As Collateral Manager

By:    /s/ Joe Moroney   Name: Joe Moroney   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: APOSTLE LOOMIS SAYLES SENIOR LOAN FUND,
As Lender By: Loomis, Sayles & Company, L.P., Its Investment Manager By: Loomis,
Sayles & Company, Incorporated, Its General Partner   as an Extending and
Consenting Lender By:    /s/ Mary McCarthy   Name: Mary McCarthy   Title: Vice
President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Blackrock Senior Income Series II as an
Extending and Consenting Lender By:    /s/ C. Adrian Marshall   Name: C. Adrian
Marshall   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS: Green Island CBNA Loan Funding LLC, as an
Extending and Consenting Lender By: Citibank, N.A. By:    /s/ Lynette Thompson  
Name: Lynette Thompson   Title: Director

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS: CANARAS SUMMIT CLO LTD

By: Canaras Capital Management LLC As Sub-Investment Adviser

Extending and Consenting Lender

By:    /s/ Andrew J. Heller   Name: Andrew J. Heller   Title: Authorized
Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS: Muir Grove CLO, Ltd. By: Tall Tree Investment
Management, LLC as Collateral Manager [please print or type name of
institution], as an Extending and Consenting Lender By:    /s/ Michael J.
Starshak Jr.   Name: Michael J. Starshak Jr.   Title: Officer

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Founders Grove CLO, Ltd. By: Tall Tree
Investment Management, LLC as Collateral Manager [please print or type name of
institution], as an Extending and Consenting Lender By:    /s/ Michael J.
Starshak Jr.   Name: Michael J. Starshak Jr.   Title: Officer

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Grant Grove CLO, Ltd. By: Tall Tree Investment
Management, LLC as Collateral Manager [please print or type name of
institution], as an Extending and Consenting Lender By:   /s/ Michael J.
Starshak Jr.   Name: Michael J. Starshak Jr.   Title: Officer

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: See below [please print or type name of
institution], as an Extending and Consenting Lender By:   /s/ Aaron Goldberg  
Name: Aaron Goldberg   Title: Chief Financial Officer

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Stoney Lane Funding I

By: HillMark Capital Management, L.P., as

Collateral Manager, as Lender

[please print or type name of institution], as an

Extending and Consenting Lender

By:   /s/ Mark Gold   Name: Mark Gold   Title: CEO

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: CREDIT SUISSE NOVA (LUX) By: Credit Suisse
Asset Management, LLC or Credit Suisse Asset Management Limited, each as
Co-Investment Adviser to Credit Suisse Fund Management S.A., management company
for Credit Suisse Nova (Lux) as an Extending and Consenting Lender By:   /s/
Thomas Flannery   Name: Thomas Flannery   Title: Authorized Signatory

ATRIUM IV

CASTLE GARDEN FUNDING

MADISON PARK FUNDING I, LTD., as an

Extending and Consenting Lender

By:   /s/ Thomas Flannery   Name: Thomas Flannery   Title: Authorized Signatory

ATRIUM V

ATRIUM VI

MADISON PARK FUNDING II, LTD.

MADISON PARK FUNDING III, LTD.

MADISON PARK FUNDING IV, LTD.

MADISON PARK FUNDING V, LTD.

MADISON PARK FUNDING VI, LTD.

By: Credit Suisse Asset Management, LLC, as

collateral manager, as an Extending and Consenting

Lender

By:   /s/ Thomas Flannery   Name: Thomas Flannery   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

MADISON PARK FUNDING VII, LTD. By: Credit Suisse Asset Management, LLC, as
portfolio manager, as an Extending and Consenting Lender By:   /s/ Thomas
Flannery   Name: Thomas Flannery   Title: Authorized Signatory

QUALCOMM GLOBAL TRADING, INC.

RAYTHEON MASTER PENSION TRUST

By: Credit Suisse Asset Management, LLC, as investment manager, as an Extending
and Consenting Lender By:   /s/ Thomas Flannery   Name: Thomas Flannery   Title:
Authorized Signatory AUSTRALIANSUPER By: Credit Suisse Asset Management, LLC, as
sub-advisor to Bentham Asset Management Pty Ltd. in its capacity as agent of and
investment manager for AustralianSuper Pty Ltd. in its capacity as trustee of
AustralianSuper as an Extending and Consenting Lender By:   /s/ Thomas Flannery
  Name: Thomas Flannery   Title: Authorized Signatory

CREDIT SUISSE FLOATING RATE HIGH

INCOME FUND

By: Credit Suisse Asset Management, LLC, as investment advisor, as an Extending
and Consenting Lender By:   /s/ Thomas Flannery   Name: Thomas Flannery   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Westwood CDO II, LTD [please print or type
name of institution], as an Extending and Consenting Lender By:   /s/ Josephine
Shin   Name: Josephine Shin   Title: Senior VP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Westwood CDO I, LTD

[please print or type name of institution], as an

Extending and Consenting Lender

By:   /s/ Josephine Shin   Name: Josephine Shin   Title: Senior VP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Veritas CLO II, LTD,

[please print or type name of institution], as an

Extending and Consenting Lender

By:   /s/ Josephine Shin   Name: Josephine Shin   Title: Senior VP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Veritas CLO I, LTD. [please print or type name
of institution], as an Extending and Consenting Lender By:   /s/ Josephine Shin
  Name: Josephine Shin   Title: Senior VP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Prospero CLO II B.V. [please print or type
name of institution], as an Extending and Consenting Lender By:   /s/ Josephine
Shin   Name: Josephine Shin   Title: Senior VP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Prospero CLO I B.V. [please print or type name
of institution], as an Extending and Consenting Lender By:   /s/ Josephine Shin
  Name: Josephine Shin   Title: Senior VP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Pacifica CDO VI, LTD [please print or type
name of institution], as an Extending and Consenting Lender By:   /s/ Josephine
Shin   Name: Josephine Shin   Title: Senior VP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Pacifica CDO V, LTD [please print or type name
of institution], as an Extending and Consenting Lender By:   /s/ Josephine Shin
  Name: Josephine Shin   Title: Senior VP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Pacifica CDO IV, LTD [please print or type
name of institution], as an Extending and Consenting Lender By:   /s/ Josephine
Shin   Name: Josephine Shin   Title: Senior VP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Pacifica CDO III, LTD [please print or type
name of institution], as an Extending and Consenting Lender By:   /s/ Josephine
Shin   Name: Josephine Shin   Title: Senior VP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: One Wall Street CLO II, LTD [please print or
type name of institution], as an Extending and Consenting Lender By:   /s/
Josephine Shin   Name: Josephine Shin   Title: Senior VP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: OWS1 CLO LTD [please print or type name of
institution], as an Extending and Consenting Lender By:   /s/ Josephine Shin  
Name: Josephine Shin   Title: Senior VP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Ameriprise Certificate Company as an Extending
and Consenting Lender By:   /s/ Robin C. Stancil   Name: Robin C. Stancil  
Title: Assistant Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Ameriprise Financial, Inc. as an Extending and
Consenting Lender By:   /s/ Robin C. Stancil   Name: Robin C. Stancil   Title:
Assistant Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Cent CDO 10 Limited By: Columbia Management
Investment Advisers, LLC, As Collateral Manager as an Extending and Consenting
Lender By:   /s/ Robin C. Stancil   Name: Robin C. Stancil   Title: Director of
Operations

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Cent CDO XI Limited By: Columbia Management
Investment Advisers, LLC, As Collateral Manager as an Extending and Consenting
Lender By:   /s/ Robin C. Stancil   Name: Robin C. Stancil   Title: Director of
Operations

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Cent CDO 12 Limited By: Columbia Management
Investment Advisers, LLC, As Collateral Manager as an Extending and Consenting
Lender By:   /s/ Robin C. Stancil   Name: Robin C. Stancil   Title: Director of
Operations

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Cent CDO 14 Limited By: Columbia Management
Investment Advisers, LLC, As Collateral Manager as an Extending and Consenting
Lender By:   /s/ Robin C. Stancil   Name: Robin C. Stancil   Title: Director of
Operations

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Cent CDO 15 Limited By: Columbia Management
Investment Advisers, LLC, As Collateral Manager as an Extending and Consenting
Lender By:   /s/ Robin C. Stancil   Name: Robin C. Stancil   Title: Assistant
Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Centurion CDO 8 Limited By: Columbia
Management Investment Advisers, LLC, As Collateral Manager as an Extending and
Consenting Lender By:   /s/ Robin C. Stancil   Name: Robin C. Stancil   Title:
Director of Operations

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Centurion CDO 9 Limited By: Columbia
Management Investment Advisers, LLC, As Collateral Manager as an Extending and
Consenting Lender By:   /s/ Robin C. Stancil   Name: Robin C. Stancil   Title:
Director of Operations

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS; Columbia Floating Rate Fund, a series of
Columbia Funds Series Trust II as an Extending and Consenting Lender By:   /s/
Robin C. Stancil   Name: Robin C. Stancil   Title: Assistant Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: RiverSource Life Insurance Company as an
Extending and Consenting Lender By:   /s/ Robin C. Stancil   Name: Robin C.
Stancil   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: CCA EAGLE LOAN MASTER FUND LTD. By: Citigroup
Alternative Investments LLC, as Investment manager for and on behalf of CCA
EAGLE LOAN MASTER FUND LTD., as an Extending and Consenting Lender By:   /s/
Melanie Hanlon   Name: Melanie Hanlon   Title: Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS LMP Corporate Loan Fund, Inc. By: Citi
Alternative Investments LLC, as an Extending and Consenting Lender By:    /s/
Melanie Hanlon   Name: Melanie Hanlon   Title: Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS! REGATTA FUNDING LTD. By: Citi Alternative
Investments LLC, attorney-in-fact, as an Extending and Consenting lender By:  
/s/ Melanie Hanlon   Name: Melanie Hanlon   Title: Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: DUANE STREET CLO III, LTD. By: Citigroup
Alternative Investments LLC, As Collateral Manager, as an Extending and
Consenting Lender By:   /s/ Melanie Hanlon   Name: Melanie Hanlon   Title:
Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Nomura Bond and Loan Fund [please print or
type name of institution], as an Extending and Consenting Lender By:   /s/ Steve
Rosenthal   Name: Steve Rosenthal   Title: Executive Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: NAVIGATOR CDO 2005, LTD., as a Lender By: GE
Capital Debt Advisors LLC, as Collateral Manager By:   /s/ John Campos   Name:
John Campos   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: NAVIGATOR CDO 2006, LTD., as a Lender By: GE
Capital Debt Advisors LLC, as Collateral Manager By:   /s/ John Campos   Name:
John Campos   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: JNL/PPM America Floating Rate Income Fund,
a series of the JNL Series Trust, as an Extending and Consenting Lender By:  
/s/ David C. Wagner   PPM America, Inc., as sub-advisor   Name: David C. Wagner
  Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: PPM GRAYHAWK CLO, LTD., as an Extending and
Consenting Lender By:   /s/ David C. Wagner   PPM America, Inc., as Collateral
Manager   Name: David C. Wagner   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Citibank, N.A., as an Extending and Consenting
Lender By:   /s/ Scott R. Evan   Name: Scott R. Evan   Title: Attorney-in-Fact

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS: Trimaran CLO IV Ltd By: Trimaran Advisors,
L.L.C., as an Extending and Consenting Lender By:   /s/ Dominick J. Mazzitelli  
Name: Dominick J. Mazzitelli   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS: Trimaran CLO V Ltd By: Trimaran Advisors,
L.L.C., as an Extending and Consenting Lender By:   /s/ Dominick J. Mazzitelli  
Name: Dominick J. Mazzitelli   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Trimaran CLO VII Ltd By:   Trimaran Advisors,
L.L.C., as an Extending and Consenting Lender By:   /s/ Dominick J. Mazzitelli  
Name:   Dominick J. Mazzitelli   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS:

Pioneer Bond VCT Portfolio, as an Extending and

Consenting Lender

By:   Pioneer Investment Management, Inc. As advisor to each Consenting Lender
above By:   /s/ Margaret C. Begley   Name:   Margaret C. Begley  

Title: Secretary and Associate General

Counsel

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

Pioneer Strategic Income Fund, as an Extending

and Consenting Lender

By:   Pioneer Investment Management, Inc. As advisor to each Consenting Lender
above By:   /s/ Margaret C. Begley   Name:   Margaret C. Begley   Title:
Secretary and Associate General   Counsel

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

Pioneer Floating Rate Fund, as an Extending and

Consenting Lender

By:   Pioneer Investment Management, Inc. As advisor to each Consenting Lender
above By:   /s/ Margaret C. Begley   Name:   Margaret C. Begley   Title:
Secretary and Associate General   Counsel

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

Pioneer Bond Fund, as an Extending and

Consenting Lender

By:   Pioneer Investment Management, Inc. As advisor to each Consenting Lender
above By:   /s/ Margaret C. Begley   Name: Margaret C. Begley   Title: Secretary
and Associate General   Counsel

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

Pioneer Diversified High Income Trust, as an

Extending and Consenting Lender

By:   Pioneer Investment Management, Inc. As advisor to each Consenting Lender
above By:   /s/ Margaret C. Begley   Name:   Margaret C. Begley  

Title: Secretary and Associate General

Counsel

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

Pioneer Institutional Solutions – Credit

Opportunities, as an Extending and Consenting

Lender

By:   Pioneer Investment Management, Inc. As advisor to each Consenting Lender
above By:   /s/ Margaret C. Begley   Name:   Margaret C. Begley  

Title: Secretary and Associate General

Counsel

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS: White Mountain Sub-Acct 193 Fund, as an
Extending and Consenting Lender By:   Pioneer Institutional Asset Management,
Inc., As advisor to each Consenting Lender above By:   /s/ Margaret C. Begley  
Name:   Margaret C. Begley  

Title: Secretary and Associate General

Counsel

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

Stichting Pensioenfonds Medische Specialisten,

as an Extending and Consenting Lender

By:   Pioneer Institutional Asset Management, Inc., As advisor to each
Consenting Lender above By:   /s/ Margaret C. Begley   Name:   Margaret C.
Begley  

Title: Secretary and Associate General

Counsel

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

Stichting Pensioenfonds voor Huisartsen, as an

Extending and Consenting Lender

By:   Pioneer Institutional Asset Management, Inc., As advisor to each
Consenting Lender above By:   /s/ Margaret C. Begley   Name:   Margaret C.
Begley  

Title: Secretary and Associate General

Counsel

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS: Alpstar CLO 1 PLC

[please print or type name of institution], as an

Extending and Consenting Lender

By:   /s/ David McGuinness   Name:   David McGuinness   Title: Alternate
Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Alpstar CLO 2 PLC

[please print or type name of institution], as an

Extending and Consenting Lender

By:   /s/ David McGuinness   Name:   David McGuinness   Title: Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

FIRST TRUST SENIOR FLOATING RATE

INCOME FUND II

By:   First Trust Advisors L.P., its investment manager or its investment
advisor as an Extending and Consenting Lender By:   /s/ Scott D. Fries   Name:  
Scott D. Fries   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS:

For and on behalf of New Amsterdam Capital

Management LLP

For and on behalf of all funds managed (Mercator CLO I Limited, Mercator CLO II
P.L.C., Mercator CLO III Limited, and NAC Euroloan Advantage I Limited) as an
Extending and Consenting Lender By:   /s/ DJ Procter   Name:   DJ Procter  
Title: Partner

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Morgan Stanley Bank International Limited, as
an Extending and Consenting Lender By:   /s/ Andrew Ross Atkins   Name: Andrew
Ross Atkins   Title: Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS:

J.P. MORGAN LEVERAGED LOANS

MASTER FUND, LP, as an Extending and

Consenting Lender

By:   /s/ James P. Shanahan Jr.   Name: James P. Shanahan Jr.   Title: Managing
Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

BERRYSBURG INC., as an Extending and

Consenting Lender

By:   /s/ James P. Shanahan Jr.   Name: James P. Shanahan Jr.   Title: Managing
Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

JPMORGAN STRATEGIC INCOME

OPPORTUNITIES FUND, as an Extending and

Consenting Lender

By:   /s/ James P. Shanahan Jr.   Name: James P. Shanahan Jr.   Title: Managing
Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

JPMORGAN HIGH YIELD FUND, as an

Extending and Consenting Lender

By:   /s/ James P. Shanahan Jr.   Name: James P. Shanahan Jr.   Title: Managing
Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

JPMORGAN FLOATING RATE INCOME

FUND, as an Extending and Consenting Lender

By:   /s/ James P. Shanahan Jr.   Name: James P. Shanahan Jr.   Title: Managing
Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: JPMORGAN CHASE BANK NA AS TRUSTEE OF THE
JPMORGAN CHASE RETIREMENT PLAN, as an Extending and Consenting Lender By:   /s/
James P. Shanahan Jr.   Name: James P. Shanahan Jr.   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: ADVANCED SERIES TRUST – AST HIGH YIELD
PORTFOLIO, as an Extending and Consenting Lender By:   /s/ James P. Shanahan Jr.
  Name: James P. Shanahan Jr.   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: CONSUMER PROGRAM ADMINISTRATORS INC., as an
Extending and Consenting Lender By:   /s/ James P. Shanahan Jr.   Name: James P.
Shanahan Jr.   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: JPMORGAN INCOME BUILDER FUND, as an Extending
and Consenting Lender By:   /s/ James P. Shanahan Jr.   Name: James P. Shanahan
Jr.   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: COMMINGLED PENSION TRUST FUND (HIGH YIELD) OF
JPMORGAN CHASE BANK, N.A., as an Extending and Consenting Lender By:   /s/ James
P. Shanahan Jr.   Name: James P. Shanahan Jr.   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS. Gleneagles CLO, Ltd. By: Highland Capital
Management, L.P., As Collateral Manager By: Strand Advisors, Inc., Its General
Partner [please print or type name of institution], as an Extending and
Consenting Lender By:   /s/ Carter Chism   Name: Carter Chism   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Jasper CLO, Ltd. By: Highland Capital
Management, L.P., As Collateral Manager By: Strand Advisors; Inc., Its General
Partner [please print or type name of institution], as an Extending and
Consenting Lender By:   /s/ Carter Chism   Name: Carter Chism   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Liberty CLO, Ltd. By: Highland Capital
Management, L.P. As Collateral Manager By: Strand Advisors, Inc., Its General
Partner [please print or type name of institution], as an Extending and
Consenting Lender By:   /s/ Carter Chism   Name: Carter Chism   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Southfork CLO, Ltd. By: Highland Capital
Management, L.P., As Collateral Manager By: Strand Advisors, Inc., Its General
Partner [please print or type name of institution], as an Extending and
Consenting Lender By:   /s/ Carter Chism   Name: Carter Chism   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Loan Funding VII LLC By: Highland Capital
Management, L.P., As Collateral Manager By: Strand Advisors, Inc., Its General
Partner [please print or type name of institution], as an Extending and
Consenting Lender By:   /s/ Carter Chism   Name: Carter Chism   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: AIG Retirement Services, Inc. [please print or
type name of institution], as an Extending and Consenting Lender By: PineBridge
Investments LLC, Its Investment Manager By:   /s/ Steven Oh   Name: Steven Oh  
Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Euro-Galaxy II CLO BV [please print or type
name of institution], as an Extending and Consenting Lender By: PineBridge
Investments LLC, As Collateral Manager By:   /s/ Steven Oh   Name: Steven Oh  
Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Euro-Galaxy CLO BV [please print or type name
of institution], as an Extending and Consenting Lender By: PineBridge
Investments LLC, As Collateral Manager By:   /s/ Steven Oh   Name: Steven Oh  
Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS Fire and Police Pension Fund, San Antonio
[please print or type name of institution], as an Extending and. Consenting
Lender By: PineBridge Investments LLC, Its Investment Manager By:   /s/ Steven
Oh   Name: Steven Oh   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: PineBridge Bank Loan Fund Ltd. [please print
or type name of institution], as an Extending and Consenting Lender By:
PineBridge Investments LLC, Its Investment Manager By:   /s/ Steven Oh   Name:
Steven Oh   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Plymouth Rock CLO, Ltd. [please print or type
name of institution], as an Extending and Consenting Lender By: PineBridge
Investments LLC, Its Collateral Manager By:   /s/ Steven Oh   Name: Steven Oh  
Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Saturn CLO, Ltd. [please print or type name of
institution], as an Extending and Consenting Lender By PineBridge Investments
LLC Its Collateral Manager By:   /s/ Steven Oh   Name: Steven Oh   Title:
Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Galaxy X CLO, LTD [please print or type name
of institution], as an Extending and Consenting Lender By: PineBridge
Investments LLC Its Collateral Manager By:   /s/ Steven Oh   Name: Steven Oh  
Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Galaxy VIII CLO, LTD [please print or type
name of institution], as an Extending and Consenting Lender By: PineBridge
Investments LLC Its Collateral Manager By:   /s/ Steven Oh   Name: Steven Oh  
Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Galaxy VI CLO, LTD [please print or type name
of institution], as an Extending and Consenting Lender By: PineBridge
Investments LLC Its Collateral Manager By:   /s/ Steven Oh   Name: Steven Oh  
Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

Four Corners CLO III, Ltd.

[please print or type name of institution] as an Extending and Consenting Lender

By:   /s/ Adam Brown   Name: Adam Brown   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

Four Corners CLO II, Ltd.

[please print or type name of institution] as an Extending and Consenting Lender

By:   /s/ Adam Brown   Name: Adam Brown   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

Four Corners CLO 2005-I, Ltd.

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Adam Brown   Name: Adam Brown   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

EXTENDING AND CONSENTING LENDERS:

 

Callidus Debt Partners CLO Fund IV, Ltd.

 

By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

By:   /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Callidus Debt Partners CLO Fund V, Ltd.

 

By: GSO Blackstone Debt Funds Management LLC as Collateral Manager

By:   /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Callidus Debt Partners CLO Fund VI, Ltd.

 

By: GSQ / Blackstone Debt Funds Management LLC as Collateral Manager

By:   /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Callidus Debt Partners CLO Fund VII, Ltd.

 

By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

By:   /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

CENTRAL PARK CLO, LTD.

 

By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

By:     /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized
Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

ESSEX PARK CDO LTD.

 

By: Blackstone Debt Advisors L.P. as Collateral Manager

By:   /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

FM LEVERAGED CAPITAL FUND II

 

By: GSO / Blackstone Debt Funds Management LLC as Subadviser to Friedberg
Milstein LLC

By:   /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

GALE FORCE 1 CLO, LTD.

 

By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

By:    /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

GALE FORCE 2 CLO, LTD.

 

By: GSO Blackstone Debt Funds Management LLC as Collateral Manager

By:    /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

GALE FORCE 3 CLO, LTD.

 

By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

By:    /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

GALE FORCE 4 CLO, LTD.

 

By: GSO / Blackstone Debt Funds Management LLC as Collateral Servicer

By:    /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

HUDSON STRAITS CLO 2004, LTD.

 

By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

By:    /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

LAFAYETTE SQUARE CDO LTD.

 

By: Blackstone Debt Advisors L.P. as Collateral Manager

By:    /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Maps CLO Fund I, LLC

 

By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

By:    /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Maps CLO Fund II, Ltd.

 

By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager

By:    /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

PROSPECT PARK CDO LTD.

 

By: Blackstone Debt Advisors L.P. as Collateral Manager

By:    /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

ST. JAMES’S PARK CDO B.V., as a Lender

By:    /s/ Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Green Park CDO B.V., as a Lender By:    /s/
Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Hyde Park CDO B.V., as a Lender By:    /s/
Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Regent’s Park CDO B.V., as a Lender By:    /s/
Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: SKELLIG ROCK B.V., as a Lender By:    /s/
Daniel H. Smith   Name: Daniel H. Smith   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Lord Abbett Investment Trust – Lord Abbett
Floating Rate Fund [please print or type name of institution], as an Extending
and Consenting Lender By:    /s/ Joel Serebransky   Name: Joel Serebransky  
Title: Portfolio Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Golden Knight II CLO, Ltd. [please print or type name of
institution], as an Extending and Consenting Lender By:    /s/ Joel Serebransky
  Name: Joel Serebransky   Title: Portfolio Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

Investec Bank plc acting as collateral manager

for Gresham Capital CLO III B.V., as an
Extending and Consenting Lender

By:    /s/ Charles Stott   Name: Charles Stott   Title: Authorised Signatory By:
  /s/ Katy Byatt   Name: Katy Byatt   Title: Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

Investec Bank plc acting as collateral manager

for Gresham Capital CLO I B.V. as an Extending and Consenting Lender

By:    /s/ Charles Stott   Name: Charles Stott   Title: Authorised Signatory By:
  /s/ Katy Byatt   Name: Katy Byatt   Title: Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

ABS Loans 2007 Limited, a subsidiary of

Goldman Sachs Institutional Funds II PLC

[please print or type name of institution], as an Extending and Consenting
Lender By:    /s/ Sinead Murphy   Name: Sinead Murphy   Title: Authorised
Signatory By:   /s/ Sheenagh Carroll   Name: Sheenagh Carroll   Title:
Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: GOLDMAN SACHS ASSET MANAGEMENT CLO, PUBLIC
LIMITED COMPANY By: Goldman Sachs Asset Manager, L.P., as
Manager [please print or type name of institution], as an Extending and
Consenting Lender By:   /s/ Kotdi Huang   Name: Kotdi Huang   Title: VP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Oak Hill European Credit Partners I plc
[please print or type name of institution], as an Extending and Consenting
Lender By: Oak Hill Advisors (Europe), LLP, as Portfolio Manager By:    /s/
Richard Munn   Name: Richard Munn   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: ARTUS LOAN FUND 2007-I, LTD., as an
Extending and Consenting Lender By: Babson Capital Management LLC as Collateral
Manager By:    /s/ Arthur J. McMahon, Jr.   Name: Arthur J. McMahon, Jr.  
Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

OSPREY CDO 2006-1 LTD., as an Extending and Consenting Lender By: Babson Capital
Management LLC as Collateral Manager By:    /s/ Arthur J. McMahon, Jr.   Name:
Arthur J. McMahon, Jr.   Title: Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Cornerstone CLO Ltd. By: Stone Tower Debt
Advisers LLC, As its
Collateral Manager [please print or type name of institution], as an Extending
and Consenting Lender By:    /s/ Michael W. DelPercio   Name: Michael W.
DelPercio   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Granite Ventures II Ltd. By: Stone Tower Debt
Advisers LLC, As its
Collateral Manager [please print or type name of institution], as an Extending
and Consenting Lender By:    /s/ Michael W. DelPercio   Name: Michael W.
DelPercio   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Granite Ventures III Ltd. By: Stone Tower Debt
Advisers LLC, As its
Collateral Manager [please print or type name of institution], as an Extending
and Consenting Lender By:    /s/ Michael W. DelPercio   Name: Michael W.
DelPercio   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Rampart CLO 2007 Ltd. By: Stone Tower Debt
Advisers LLC, As its
Collateral Manager [please print or type name of institution], as an Extending
and Consenting Lender By:    /s/ Michael W. DelPercio   Name: Michael W.
DelPercio   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Stone Tower CLO III Ltd. By: Stone Tower Debt
Advisers LLC, As its
Collateral Manager [please print or type name of institution], as an Extending
and Consenting Lender By:    /s/ Michael W. DelPercio   Name: Michael W.
DelPercio   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Stone Tower CLO V Ltd. By: Stone Tower Debt
Advisers LLC, As its
Collateral Manager [please print or type name of institution], as an Extending
and Consenting Lender By:    /s/ Michael W. DelPercio   Name: Michael W.
DelPercio   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Stone Tower CLO VI Ltd. By: Stone Tower Debt
Advisers LLC, As its
Collateral Manager [please print or type name of institution], as an Extending
and Consenting Lender By:    /s/ Michael W. DelPercio   Name: Michael W.
DelPercio   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Stone Tower CLO VII Ltd. By: Stone Tower Debt
Advisers LLC, As its
Collateral Manager [please print or type name of institution], as an
Extending and Consenting Lender By:    /s/ Michael W. DelPercio   Name: Michael
W. DelPercio   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Cairn CLO II B.V., as an Extending and
Consenting Lender By:    /s/ James Starky   Name: James Starky   Title: Chief
Legal Officer, Cairn Capital
Limited as Investment Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: LATITUDE CLO III, LTD [please print or type
name of institution], as an
Extending and Consenting Lender By:    /s/ Kirk Wallace   Name: Kirk Wallace  
Title: Senior Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: LATITUDE CLO II, LTD [please print or type
name of institution], as an
Extending and Consenting Lender By:    /s/ Kirk Wallace   Name: Kirk Wallace  
Title: Senior Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: LATITUDE CLO I, LTD [please print or type name
of institution], as an
Extending and Consenting Lender By:   /s/ Kirk Wallace   Name: Kirk Wallace  
Title: Senior Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: BLUEMOUNTAIN CLO LTD. By: BLUEMOUNTAIN CAPITAL
MANAGEMENT LLC., Its Collateral Manager. as an Extending and Consenting Lender
By:   /s/ Michael Abatemarco   Name: Michael Abatemarco   Title: Associate

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: BLUEMOUNTAIN CLO II LTD. By: BLUEMOUNTAIN
CAPITAL
MANAGEMENT LLC., Its Collateral Manager. as an Extending and Consenting Lender
By:   /s/ Michael Abatemarco   Name: Michael Abatemarco   Title: Associate

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: BLUEMOUNTAIN CLO III LTD. By: BLUEMOUNTAIN
CAPITAL
MANAGEMENT LLC., Its Collateral Manager. as an Extending and Consenting Lender
By:   /s/ Michael Abatemarco   Name: Michael Abatemarco   Title: Associate

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: BLUEMOUNTAIN CLO 2011-1 LTD. By: BLUEMOUNTAIN
CAPITAL
MANAGEMENT LLC., Its Collateral Manager. as an Extending and Consenting Lender
By:   /s/ Michael Abatemarco   Name: Michael Abatemarco   Title: Associate

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: AXA IM Paris SA for and on behalf of: Adagio
2, Adagio 3, Matignon Leveraged Loans   [please print or type name of
institution], as an
Extending and Consenting Lender By:   /s/ Y Le Serviget   Name: Y Le Serviget  
Title: Senior PM

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Venture IX CDO, Limited [please print or type
name of institution], as an
Extending and Consenting Lender By: its investment advisor, MJX Asset
Management LLC By:   /s/ Kenneth Ostmann   Name: Kenneth Ostmann   Title:
Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Venture VII CDO Limited [please print or type
name of institution] as an
Extending and Consenting Lender By: its investment advisor, MJX Asset
Management, LLC By:   /s/ Kenneth Ostmann   Name: Kenneth Ostmann   Title:
Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Airlie CLO 2006-I, Ltd., as an Extending and
Consenting Lender By: Neuberger Berman Fixed Income LLC as
collateral manager By:   /s/ Colin Donlan   Name: Colin Donlan   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: LightPoint CLO III, Ltd., as an Extending and
Consenting Lender By: Neuberger Berman Fixed income LLC as
collateral manager By:   /s/ Colin Donlan   Name: Colin Donlan   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: LightPoint CLO IV, Ltd., as an Extending and
Consenting Lender By: Neuberger Berman Fixed Income LLC as
collateral manager By:   /s/ Colin Donlan   Name: Colin Donlan   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: LightPoint CLO V, Ltd., as an Extending and
Consenting Lender By: Neuberger Berman Fixed Income LLC as
collateral manager By:   /s/ Colin Donlan   Name: Colin Donlan   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: LightPoint CLO VII, Ltd., as an Extending and
Consenting Lender By: Neuberger Berman Fixed Income LLC as
collateral manager By:   /s/ Colin Donlan   Name: Colin Donlan   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: LightPoint CLO VIII, Ltd., as an Extending and
Consenting Lender By: Neuberger Berman Fixed Income LLC as
collateral manager By:   /s/ Colin Donlan   Name: Colin Donlan   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Marquette US/European CLO, Plc., as an
Extending and Consenting Lender By: Neuberger Berman Fixed Income LLC as
collateral manager By:   /s/ Colin Donlan   Name: Colin Donlan   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: LightPoint Pan-European CLO 2006 Plc., as an
Extending and Consenting Lender By Neuberger Berman Fixed Income LLC as
collateral manager By:   /s/ Colin Donlan   Name: Colin Donlan   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

LightPoint Pan-European CLO 2007-1 Plc., as an Extending and Consenting Lender

 

By Neuberger Berman Fixed Income LLC as collateral manager

By:   /s/ Colin Donlan   Name: Colin Donlan   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

RWN Investment Holdings LLC

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Kenneth E. Glassman   Name: Kenneth E. Glassman   Title: CEO & Chief
Investment Officer

 

By:   /s/ Kevin C. Smith   Name: Kevin C. Smith   Title: Trader & Investment
Analyst

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

CIFC Funding 2006-I, Ltd.

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Steve Vaccaro   Name: Steve Vaccaro   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

CIFC Funding 2006-II, Ltd.

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Steve Vaccaro   Name: Steve Vaccaro   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

CIFC Funding 2007-II, Ltd.

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Steve Vaccaro   Name: Steve Vaccaro   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

CIFC Funding 2007-III, Ltd.

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Steve Vaccaro   Name: Steve Vaccaro   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

RMF Euro CDO V PLC, as a Consenting and Extending Lender

By:   /s/ Riccardo Decarolis   Name: Riccardo Decarolis   Title: Authorised
Signatory By:   /s/ Mathias Müller   Name: Mathias Müller   Title: Authorised
Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

RMF Euro CDO III PLC, as a Consenting and Extending Lender

By:   /s/ Riccardo Decarolis   Name: Riccardo Decarolis   Title: Authorised
Signatory By:   /s/ Mathias Müller   Name: Mathias Müller   Title: Authorised
Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Dalradian European CLO IV B.V., as an Extending and Consenting Lender

By:   /s/ Leigh Enevoldson   Name: Leigh Enevoldson   Title: Attorney in Fact
By:   /s/ Colin Vittery   Name: Colin Vittery   Title: Attorney in Fact

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Dalradian European CLO II B.V., as an Extending and Consenting Lender

By:   /s/ Leigh Enevoldson   Name: Leigh Enevoldson   Title: Attorney in Fact
By:   /s/ Colin Vittery   Name: Colin Vittery   Title: Attorney in Fact

 

Catalent – Amendment No. 3 to Credit Agreement

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EXTENDING AND CONSENTING LENDERS:

 

Eloin Capital LLP acting as Collateral Manager for Dalradian European CLO III
B.V., as an Extending and Consenting Lender

By:   /s/ Leigh Enevoldson   Name: Leigh Enevoldson   Title: Director By:   /s/
Colin Vittery   Name: Colin Vittery   Title: Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Eaton Vance CDO VII PLC

By: Eaton Vance Management as Interim

Investment Advisor

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Michael B. Botthof   Name: Michael B. Botthof   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Eaton Vance CDO VIII, Ltd.

By: Eaton Vance Management As

Investment Advisor

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Michael B. Botthof   Name: Michael B. Botthof   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Eaton Vance CDO IX Ltd.

By: Eaton Vance Management As

Investment Advisor

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Michael B. Botthof   Name: Michael B. Botthof   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Eaton Vance CDO X PLC

By: Eaton Vance Management As

Investment Advisor

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Michael B. Botthof   Name: Michael B. Botthof   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Eaton Vance Senior Floating-Rate Trust

By: Eaton Vance Management As

Investment Advisor

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Michael B. Botthof   Name: Michael B. Botthof   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Eaton Vance Floating-Rate Income Trust

By: Eaton Vance Management As

Investment Advisor

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Michael B. Botthof   Name: Michael B. Botthof   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Eaton Vance Senior Income Trust

By: Eaton Vance Management As

Investment Advisor

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Michael B. Botthof   Name: Michael B. Botthof   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Eaton Vance Short Duration Diversified Income Fund

By: Eaton Vance Management As

Investment Advisor

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Michael B. Botthof   Name: Michael B. Botthof   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Eaton Vance Institutional Senior Loan Fund

By: Eaton Vance Management As

Investment Advisor

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Michael B. Botthof   Name: Michael B. Botthof   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Eaton Vance Limited Duration Income Fund

By: Eaton Vance Management As

Investment Advisor

[please print or type name of institution], as an Extending and Consenting
Lender By:   /s/ Michael B. Botthof     Name:   Michael B. Botthof     Title:  
Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Grayson & Co By: Boston Management and
Research As Investment Advisor [please print or type name of institution], as an
Extending and Consenting Lender By:    /s/ Michael B. Botthof   Name:   Michael
B. Botthof   Title:   Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: MET Investors Series Trust – MET/Eaton Vance
Floating Rate Portfolio

By: Eaton Vance Management As Investment

Sub-Advisor

[please print or type name of institution], as an
Extending and Consenting Lender By:   /s/ Michael B. Botthof   Name:   Michael
B. Botthof   Title:   Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Riversource Variable Series Trust-Variable
Portfolio Eaton Vance Floating Rate Income
Fund

By: Eaton Vance Management As Investment

Sub-Advisor

[please print or type name of institution], as an
Extending and Consenting Lender By:   /s/ Michael B. Botthof   Name:   Michael
B. Botthof   Title:   Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Senior Debt Portfolio By: Boston Management
and Research as
Investment Advisor [please print or type name of institution], as an
Extending and Consenting Lender By:   /s/ Michael B. Botthof   Name:   Michael
B. Botthof   Title:   Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Eaton Vance VT Floating-Rate Income Fund

By: Eaton Vance Management as

Investment Advisor

[please print or type name of institution], as an
Extending and Consenting Lender By:   /s/ Michael B. Botthof   Name:   Michael
B. Botthof   Title:   Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Virtus Senior Floating Rate Fund [please print
or type name of institution], as an Extending and Consenting Lender By:   /s/
Kyle Jennings   Name:   Kyle Jennings   Title:   Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: WhiteHorse V, Ltd. By: WhiteHorse Capital
Partners L.P. As Collateral
Manager By: White Rock Asset Advisor [please print or type name of institution],
as an
Extending and Consenting Lender By:   /s/ Jay Carvell   Name:   Jay Carvell  
Title:   Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Fore CLO Ltd. 2007-I, as an Extending and
Consenting Lender By: Fore Research & Management, LP By:   /s/ Daniel Agranoff  
Name:   Daniel Agranoff   Title:  

Chief Financial Officer, Fore Research

& Management, LP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Eurocredit CDO IV BV [please print or type
name of institution], as an Extending and Consenting Lender By:    /s/ JM Barker
  Name:   JM Barker   Title:   Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Eurocredit CDO V PLC [please print or type
name of institution], as an
Extending and Consenting Lender By:    /s/ JM Barker   Name:   JM Barker  
Title:   Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Eurocredit CDO VI PLC [please print or type
name of institution], as an
Extending and Consenting Lender By:    /s/ JM Barker   Name:   JM Barker  
Title:   Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Eurocredit CDO VII PLC [please print or type
name of institution], as an
Extending and Consenting Lender By:    /s/ JM Barker   Name:   JM Barker  
Title:   Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Eurocredit CDO VIII LTD [please print or type
name of institution], as an
Extending and Consenting Lender By:    /s/ JM Barker   Name:   JM Barker  
Title:   Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Eurocredit Investment Fund I PLC [please print
or type name of institution], as an
Extending and Consenting Lender By:    /s/ JM Barker   Name:   JM Barker  
Title:   Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Eurocredit Investment Fund II PLC [please
print or type name of institution], as an
Extending and Consenting Lender By:    /s/ JM Barker   Name:   JM Barker  
Title:   Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Eurocredit Opportunities Parallel Funding I
Ltd. [please print or type name of institution], as an
Extending and Consenting Lender By:    /s/ JM Barker   Name:   JM Barker  
Title:   Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: ICG European Loan Fund I Ltd. [please print or
type name of institution], as an
Extending and Consenting Lender By:    /s/ JM Barker   Name:   JM Barker  
Title:   Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Katonah VII CLO Ltd. [please print or type
name of institution], as an
Extending and Consenting Lender By:    /s/ Daniel Gilligan   Name:   Daniel
Gilligan   Title:   Authorized Officer, Katonah Debt Advisors, L.L.C. As Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS: Katonah VIII CLO Ltd [please print or type
name of institution], as an
Extending and Consenting Lender By:    /s/ Daniel Gilligan   Name:   Daniel
Gilligan   Title:   Authorized Officer, Katonah Debt Advisors, L.L.C. As Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Iron Hill CLO Limited, as an Extending and Consenting Lender

 

By: Guggenheim Partners Europe Limited as Collateral Manager

By:   /s/ Adrian Duffy   Name: Adrian Duffy  

Title: Senior Managing Director,

Guggenheim Partners Europe Limited

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Retirement System of the Tennessee Valley Authority

[please print or type name of institution], as an Extending and Consenting
Lender

 

By: Guggenheim Partners Asset Management, LLC

By:   /s/ Kaitlin Trinh   Name: Kaitlin Trinh   Title: Portfolio Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Sands Point Funding Ltd.

[please print or type name of institution], as an Extending and Consenting
Lender

 

By: Guggenheim Partners Asset Management, LLC as Collateral Manager

By:   /s/ Kaitlin Trinh   Name: Kaitlin Trinh   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

HIGH-YIELD LOAN PLUS MASTER SEGREGATED PORTFOLIO

[please print or type name of institution], as an Extending and Consenting
Lender

 

By: Guggenheim High-Yield Plus Master Fund SPC, On behalf of and for the account
of the HIGH-YIELD LOAN PLUS MASTER SEGREGATED PORTFOLIO

 

By: Guggenheim Investment Management, LLC as Manager

By:   /s/ Kaitlin Trinh   Name: Kaitlin Trinh   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS;

 

KENNECOTT FUNDING LTD.

[please print or type name of institution], as an Extending and Consenting
Lender

 

By: Guggenheim Investment Management, LLC as Collateral Manager

By:   /s/ Kaitlin Trinh   Name: Kaitlin Trinh   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Green Lane CLO Ltd.

[please print or type name of institution], as an Extending and Consenting
Lender

 

By: Guggenheim Investment Management, LLC as Collateral Manager

By:   /s/ Kaitlin Trinh   Name: Kaitlin Trinh   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

COPPER RIVER CLO LTD.

[please print or type name of institution], as an Extending and Consenting
Lender

 

By: Guggenheim Investment Management, LLC as Collateral Manager

By:   /s/ Kaitlin Trinh   Name: Kaitlin Trinh   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Security Income Fund - Macro Opportunities Series

[please print or type name of institution], as an Extending and Consenting
Lender

 

By: Guggenheim Partners Asset Management, LLC

By:   /s/ Kaitlin Trinh   Name: Kaitlin Trinh   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

5180 CLO LP

[please print or type name of institution], as an Extending and Consenting
Lender

 

By: Guggenheim Investment Management, LLC As Collateral Manager

By:   /s/ Kaitlin Trinh   Name: Kaitlin Trinh   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Lime Street CLO, Ltd.

[Please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Scott D’Orsi   Name: Scott D’Orsi   Title: Portfolio Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Emerson Place CLO, Ltd.

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Scott D’Orsi   Name: Scott D’Orsi   Title: Portfolio Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Avery Street CLO, Ltd.

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ Scott D’Orsi   Name: Scott D’Orsi   Title: Portfolio Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

Strawinsky I PLC

[please print or type name of institution], as an Extending and Consenting
Lender

By:   /s/ P.J. Van Der Linden   Name: P.J. Van Der Linden   Title: Collateral
Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

ING Investment Management CLO I, LTD.

 

By: ING Investment Management Co. LLC, as its investment manager

 

ING Investment Management CLO II, LTD.

 

By: ING Investment Management Co. LLC, as its investment manager

 

ING Investment Management CLO IV, LTD.

 

By: ING Investment Management Co. LLC, as its investment manager

 

ING IM CLO 2011-1, Ltd.

 

By: ING Alternative Asset Management LLC, as its portfolio manager

 

ING (L) Flex - Senior Loans

 

By: ING Investment Management Co. LLC, as its investment manager

By:   /s/ Michel Prince   Name: Michel Prince, CFA   Title: Senior Vice
President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

AMMC CLO V, LIMITED

 

By: American Money Management Corp., as Collateral Manager

 

as an Extending and Consenting Lender

By:   /s/ Chester M. Eng   Name: Chester M. Eng   Title: Senior Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

EXTENDING AND CONSENTING LENDERS:

 

AMMC VII, LIMITED

 

By: American Money Management Corp., as Collateral Manager

 

as an Extending and Consenting Lender

By:   /s/ Chester M. Eng   Name: Chester M. Eng   Title: Senior Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS:

 

CHAMPLAIN CLO, LTD.

 

By: INVESCO Senior Secured Management, Inc. As Collateral Manager

 

as a Consenting Lender

By:   /s/ Robert P. Drobny   Name: Robert P. Drobny   Title: Authorized
Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS:

 

Confluent 3 Limited.

 

By: Invesco Senior Secured Management, Inc. As Investment Manager

 

as a Consenting Lender

By:   /s/ Robert P. Drobny   Name: Robert P. Drobny   Title: Authorized
Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS:

 

SAGAMORE CLO LTD.

 

By: INVESCO Senior Secured Management, Inc. As Collateral Manager

 

as a Consenting Lender

By:   /s/ Robert P. Drobny   Name: Robert P. Drobny   Title: Authorized
Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS:

 

Invesco Van Kampen Senior Income Trust

 

By: Invesco Senior Secured Management, Inc. as Sub-Adviser

 

as a Consenting Lender

By:   /s/ Robert P. Drobny   Name: Robert P. Drobny   Title: Authorized
Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Invesco Van Kampen Senior Loan Fund By: Invesco Senior
Secured Management, Inc. as Sub-Adviser as a Consenting Lender By:   /s/ Robert
P. Drobny   Name: Robert P. Drobny   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Monroe Funding, Ltd

By: Monroe Capital Management Advisors, LLC

as Collateral Manager

By:   /s/ Nathan Harrell   Name: Nathan Harrell   Title: AVP

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS:

Queen Street CLO I BV

Queen Street CLO II BV

[please print or type name of institution], as a Consenting Lender By:   /s/
Francois Gauvin   Name: Francois Gauvin   Title: Attorney in Fact

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Genesis CLO 2007-1 Ltd. [Please print or type name of
institution], as a Consenting Lender By: GLG Ore Hill LLC, its Collateral
Manager By:   /s/ Marshall E. Stearns   Name: Marshall E. Stearns   Title:
Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Genesis CLO 2007-2, Ltd. By LLCP Advisors LLC, as Collateral
Manager, as a Consenting Lender By:   /s/ Steven Hartman   Name: Steven Hartman
  Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Morgan Stanley Bank, N.A., as a Consenting Lender By:   /s/
Stephen B. King   Name: Stephen B. King   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Deutsche Bank Trust Company Americas, as a Consenting Lender
By:   /s/ Erin Morrissey   Name: Erin Morrissey   Title: Director By:   /s/
Marguerite Sutton   Name: Marguerite Sutton   Title: Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: HarbourView CLO 2006-1 as a Consenting Lender By:   /s/ Bill
Campbell   Name: Bill Campbell   Title: AVP

Brown Brothers Harriman & Co. acting

as agent for OppenheimerFunds, Inc.

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Dryden V – Leveraged Loan CDO 2003, as a Consenting Lender
By: Prudential Investment Management, Inc., as Collateral Manager By:   /s/
Joseph Lemanowicz   Name: Joseph Lemanowicz   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Fairway Loan Funding Company By: Pacific Investment
Management Company LLC, as its Investment Advisor By:   /s/ Arthur Y.D. Ong  
Name: Arthur Y.D. Ong   Title: Executive Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Apollo/Palmetto Short-Maturity Loan Portfolio, L.P. [please
print or type name of institution], as a Consenting Lender By Apollo Credit
Advisors III, L.P., its general partner By:   /s/ Joe Moroney   Name: Joe
Moroney   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: ALM Loan Funding 2010-1, Ltd. [please print or type name of
institution], as a Consenting Lender By Apollo Credit Management, LLC, its
collateral manager By:   /s/ Joe Moroney   Name: Joe Moroney   Title: Vice
President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Rosedale CLO Ltd. [please print or type name of
institution], as a Consenting Lender By:   /s/ Paul P. Malecki   Name: Paul P.
Malecki   Title: Senior Portfolio Manager, Princeton Advisory Group, Inc.

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Gulf Stream - Compass CLO 2003-1, Ltd. [please print or type
name of institution], as a Consenting Lender By: Gulf Stream Asset Management
LLC as Collateral Manager By:   /s/ Joe Moroney   Name: Joe Moroney   Title:
Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: APOSTLE LOOMIS SAYLES CREDIT OPPORTUNITIES FUND, As Lender
By: Loomis, Sayles & Company, L.P., Its Investment Manager By: Loomis, Sayles &
Company, Incorporated, Its General Partner By:   /s/ Mary McCarthy   Name: Mary
McCarthy   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: THE LOOMIS SAYLES SENIOR LOAN FUND, LLC, As Lender By:
Loomis, Sayles & Company, L.P., Its Managing Member By: Loomis, Sayles &
Company, Incorporated, Its General Partner   , as a Consenting Lender By:   /s/
Mary McCarthy   Name: Mary McCarthy   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: NATIXIS LOOMIS SAYLES SENIOR LOAN FUND, As Lender By:
Loomis, Sayles & Company, L.P., Its Investment Manager By: Loomis, Sayles &
Company, Incorporated, Its General Partner   , as a Consenting Lender By:   /s/
Mary McCarthy   Name: Mary McCarthy   Title: Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Magnetite V CLO, Limited [please print or type name of
institution], as a Consenting Lender By:   /s/ C. Adrian Marshall   Name: C.
Adrian Marshall   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Longhorn CDO III Ltd. [please print or type name of
institution], as a Consenting Lender By:   /s/ C. Adrian Marshall   Name: C.
Adrian Marshall   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Blackrock Senior Income Series V Limited [please print or
type name of institution], as a Consenting Lender By:   /s/ C. Adrian Marshall  
Name: C. Adrian Marshall   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Blackrock Senior Income Series IV [please print or type name
of institution], as a Consenting Lender By:   /s/ C. Adrian Marshall   Name: C.
Adrian Marshall   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Blackrock Senior Income Series [please print or type name of
institution], as a Consenting Lender By:   /s/ C. Adrian Marshall   Name: C.
Adrian Marshall   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: J.P. Morgan Whitefriars Inc., as a Consenting Lender By:  
/s/ Virginia R. Conway   Name: Virginia R. Conway   Title: Attorney-in-Fact

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: CSAM FUNDING IV, as a Consenting Lender By:   /s/ Thomas
Flannery   Name: Thomas Flannery   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Centurion CDO VII Limited

By Columbia Management Investment Advisers, LLC, As Collateral Manager

 

as a Consenting Lender

By:   /s/ Robin C. Stancil   Name: Robin C. Stancil   Title: Director of
Operations

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: DUANE STREET CLO I., LTD. By: Citigroup Alternative
Investments LLC, As Collateral Manager, as a Consenting Lender By:   /s/ Melanie
Hanlon   Name: Melanie Hanlon   Title: Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: DUANE STREET CLO II, LTD. By: Citigroup Alternative
Investments LLC As Collateral Manager, as a Consulting Lender By:   /s/ Melanie
Hanlon   Name: Melanie Hanlon   Title: Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Clydesdale CLO 2003, Ltd. [please print or type name of
institution], as a Consenting Lender By:   /s/ Steve Rosenthal   Name: Steve
Rosenthal   Title: Executive Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Clydesdale CLO 2005, Ltd. [please print or type name of
institution], as a Consenting Lender By:   /s/ Steve Rosenthal   Name: Steve
Rosenthal   Title: Executive Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Clydesdale Strategic CLO I, Ltd. [please print or type name
of institution], as a Consenting Lender By:   /s/ Steve Rosenthal   Name: Steve
Rosenthal   Title: Executive Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: J.P. Morgan Chase Bank, N.A. [please print or type name of
institution], as a Consenting Lender By:   /s/ Vanessa Chiu   Name: Vanessa Chiu
  Title: Executive Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Western Asset Management Company as Investment Manager and
Agent on behalf of the below Consenting Lender: Western Asset Core Plus Bond
Portfolio By:   /s/ Joanne N. Dy   Name: Joanne N. Dy   Title: Authorized
Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Western Asset Management Company as Investment Manager and
Agent on behalf of the below Consenting Lender: Western Asset Floating Rate High
Income Fund, LLC By:   /s/ Joanne N. Dy   Name: Joanne N. Dy   Title: Authorized
Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Western Asset Management Company as Investment Manager and
Agent on behalf of the below Consenting Lender: VRS Bank Loan Portfolio By:  
/s/ Joanne N. Dy   Name: Joanne N. Dy   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Western Asset Management Company as Investment Manager and
Agent on behalf of the below Consenting Lender: John Hancock Fund II Floating
Rate Income Fund By:   /s/ Joanne N. Dy   Name: Joanne N. Dy   Title: Authorized
Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Western Asset Management Company as Investment Manager and
Agent on behalf of the below Consenting Lender: MT. WILSON CLO, LTD. By:   /s/
Joanne N. Dy   Name: Joanne N. Dy   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Western Asset Management Company as Investment Manager and
Agent on behalf of the below Consenting Lender: MT. WILSON CLO II , LTD. By:  
/s/ Joanne N. Dy   Name: Joanne N. Dy   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Ballantyne Funding LLC, as a Consenting Lender By:   /s/
Stacy Lai   Name: Stacy Lai   Title: Assistant Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: Trimaran CLO VI Ltd. By: Trimaran Advisors, L.L.C., as a
Consenting Lender By:   /s/ Dominick J. Mazzitelli   Name: Dominick J.
Mazzitelli   Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

CONSENTING LENDERS: JPMORGAN STRATEGIC INCOME OPPORTUNITIES FUND, as a
Consenting Lender By:   /s/ James P. Shanahan Jr.   Name: James P. Shanahan Jr.
  Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Galaxy VII CLO, LTD [please print or type name of
institution], as a Consenting Lender By: PineBridge Investments LLC Its
Collateral Manager By:   /s/ Steven Oh   Name:   Steven Oh   Title:   Managing
Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Galaxy V CLO, LTD [please print or type name or
institution], as a Consenting Lender By: PineBridge Investments LLC Its
Collateral Manager By:   /s/ Steven Oh   Name:   Steven Oh   Title:   Managing
Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Galaxy IV CLO, LTD [please print or type name or
institution], as a Consenting Lender By: PineBridge Investments LLC Its
Collateral Manager By:   /s/ Steven Oh   Name:   Steven Oh   Title:   Managing
Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS Galaxy III CLO, Ltd. [please print or type name or
institution], as a Consenting Lender By: PineBridge Investments LLC Its
Collateral Manager By:   /s/ Steven Oh   Name:   Steven Oh   Title:   Managing
Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Ballyrock CLO III Limited, By: Ballyrock Investment Advisors
LLC, as Collateral Manager, as a Consenting Lender By:   /s/ Lisa Rymut   Name:
  Lisa Rymut   Title:   Assistant Treasurer

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: FOXE BASIN CLO 2003, LTD. By: GSO / Blackstone Debt Funds
Management LLC as Collateral Manger By:   /s/ Daniel H. Smith   Name:   Daniel
H. Smith   Title:   Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: FriedbergMilstein Private Capital Fund I By: GSO /
Blackstone Debt Funds Management LLC as Collateral Manager By:   /s/ Daniel H.
Smith   Name:   Daniel H. Smith   Title:   Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: FM Leveraged Capital Fund I By: GSO Debt Funds Management
LLC as Subadviser to FriedbergMilstein LLC By:   /s/ Daniel H. Smith   Name:  
Daniel H. Smith   Title:   Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Callidus Debt Partners CLO Fund II, Ltd. By: GSO /
Blackstone Debt Funds Management LLC as Collateral Manager By:   /s/ Daniel H.
Smith   Name:   Daniel H. Smith   Title:   Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Investec Bank plc as a Consenting Lender By:   /s/ Charles
Stott   Name:   Charles Stott   Title:   Authorised Signatory By:   /s/ Katy
Byatt   Name:   Katy Byatt   Title:   Authorised Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Oak Hill Credit Partners IV, Limited [please print or type
name of institution], as a Consenting Lender By: Oak Hill CLO Management IV,
LLC, as Investment Manager By:   /s/ Glenn R. August   Name:   Glenn R. August  
Title:   Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: VINACASA CLO, LTD., as a Consenting Lender By: Babson
Capital Management LLC as Collateral Servicer By:   /s/ Arthur J. McMahon, Jr.  
Name:   Arthur J. McMahon, Jr.   Title:   Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Rampart CLO 2006-1 Ltd. By: Stone Tower Debt Advisors LLC,
As its Collateral Manager [please print or type name of institution], as a
Consenting Lender By:   /s/ Michael W. DelPercio   Name:   Michael W. DelPercio
  Title:   Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Stone Tower CLO IV Ltd. By: Stone Tower Debt Advisors LLC,
As its Collateral Manager [please print or type name of institution], as a
Consenting Lender By:   /s/ Michael W. DelPercio   Name:   Michael W. DelPercio
  Title:   Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: COA Tempus CLO Ltd, as Lender [please print or type name of
institution] as a Consenting Lender By: FS COA Management, LLC, as Portfolio
Manager By:   /s/ John W. Fraser   Name:   John W. Fraser   Title:   Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Fraser Sullivan CLO II, Ltd., as Lender [print or type name
of institution], as a Consenting Lender By: WCAS Fraser Sullivan Investment
Management, LLC, as Collateral Manager By:   /s/ John W. Fraser   Name:   John
W. Fraser   Title:   Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Fraser Sullivan CLO I, Ltd., as Lender [print or type name
of institution], as a Consenting Lender By: WCAS Fraser Sullivan Investment
Management, LLC, as Collateral Manager By:   /s/ John W. Fraser   Name:   John
W. Fraser   Title:   Manager

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: AXA IM PARIS SA for and on behalf of: Adagio I, Oryx
European CLO BV [print or type name of institution], as a Consenting Lender By:
  /s/ Y LE SERVIGET   Name:   Y LE SERVIGET   Title:   Senior PM

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: CAPITALSOURCE FINANCE LLC, as a Consenting Lender By:   /s/
Audrey Yen   Name:   Audrey Yen   Title:   Senior Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Venture IV CDO Limited [please print or type name of
institution], as a Consenting Lender By: its investment advisor, MJX Asset
Management LLC By:   /s/ Kenneth Ostmann   Name:   Kenneth Ostmann   Title:  
Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: VENTURE III CDO LIMITED [please print or type name of
institution], as a Consenting Lender By: its investment advisor, MJX Asset
Management, LLC By:   /s/ Kenneth Ostmann   Name: Kenneth Ostmann   Title:
Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS:’ VENTURE II CDO 2002, LIMITED [please print or type name of
institution], as a Consenting Lender By: its investment advisor, MJX Asset
Management, LLC By:   /s/ Kenneth Ostmann   Name: Kenneth Ostmann   Title:
Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Westbrook CLO, Ltd. By: Shenkman Capital Management, Inc.,
as Investment Manager By:   /s/ Richard H. Weinstein   Name: Richard H.
Weinstein   Title: Chief Operating Officer

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: CIFC Funding 2007-IV, Ltd.
Cumberland II CLO Ltd.
Marquette Park CLO Ltd. [please print or type name of institution], as a
Consenting Lender By:   /s/ Steve Vaccao   Name: Steve Vaccao   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Eagle Creek CLO, Ltd. [please print or type name of
institution], as a Consenting Lender By:   /s/ Bryan Higgins   Name: Bryan
Higgins   Title: Authorized Signor

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: Mill Creek CLO, Ltd. [please print or type name of
institution], as a Consenting Lender By:   /s/ Bryan Higgins   Name: Bryan
Higgins   Title: Authorized Signor

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: GOLDMAN SACHS CREDIT PARTNERS LP [please print or type name
of institution], as a Consenting Lender By:   /s/ Ashwin Ramakrishna   Name:
Ashwin Ramakrishna   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: GOLDMAN SACHS LENDING PARTNERS LLC [please print or type
name of institution], as a Consenting Lender By:   /s/ Ashwin Ramakrishna  
Name: Ashwin Ramakrishna   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: CONFLUENT I LTD. [please print or type name of institution],
as a Consenting Lender By:   /s/ J M BARKER   Name: J M BARKER   Title:
Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: CONFLUENT 4 LIMITED,
As Lender

By: Loomis, Sayles & Company, L.P., As Sub-Manager

[please print or type name of institution], as a Consenting Lender

By: Loomis, Sayles & Company, Incorporated,
Its General Partner By   /s/ Mary McCarthy Name: Mary McCarthy Title: Vice
President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: LOOMIS SAYLES CLO I, LTD,
As Lender By: Loomis, Sayles & Company, L.P.,
Its Collateral Manager
[please print or type name of institution], as a Consenting Lender By: Loomis,
Sayles & Company, Incorporated,
Its General Partner By   /s/ Mary McCarthy Name: Mary McCarthy Title: Vice
President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: MOUNTAIN VIEW CLO III Ltd. By: Seix Investment Advisors LLC,
as Collateral Manager By:   /s/ George Goudelias   Name: George Goudelias  
Title: Managing Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: AMMC CLO III, LIMITED By: American Money Management Corp.,
as Collateral Manager as a Consenting Lender By:   /s/ Chester M. Eng   Name:
Chester M. Eng   Title: Senior Vice President

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: STATIC LOAN FUNDING 2007-1 LTD [please print or type name of
institution], as a Consenting Lender By:   /s/ Martin Cilavin   Name: Martin
Cilavin   Title: Director

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: HARCH CLO II, LIMITED [please print or type name of
institution], as a Consenting Lender By:   /s/ James DiDonato   Name: James
DiDonato   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

CONSENTING LENDERS: HARCH CLO III, LIMITED [please print or type name of
institution], as a Consenting Lender By:   /s/ James DiDonato   Name: James
DiDonato   Title: Authorized Signatory

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

Schedule 2.01(a)(i)

Extended Dollar Term-1 Loans:    On file with the Administrative Agent

Non-Extended Dollar Term-1 Loans:    On file with the Administrative Agent

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

Schedule 2.01(b)

Extended Euro Term Loans:    On file with the Administrative Agent

Non-Extended Euro Term Loans:    On file with the Administrative Agent

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

Exhibit A

FORM OF

COMMITTED LOAN NOTICE

 

To: Morgan Stanley Senior Funding, Inc., as Administrative Agent One Pierrepont
Plaza, 7th Floor 300 Cadman Plaza West Brooklyn, New York 11201

Attention:     Administrative Agent Team, Loan Administration

Fax:               212-507-6680

[Date]

Ladies and Gentlemen:

Reference is made to the Credit Agreement dated as of April 10, 2007 (as
amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among CATALENT PHARMA SOLUTIONS, INC., PTS INTERMEDIATE HOLDINGS
LLC, Morgan Stanley Senior Funding, Inc., as Administrative Agent, Collateral
Agent and Swing Line Lender, Bank of America, N.A., as L/C Issuer and the
Lenders from time to time party thereto. Capitalized terms used herein and not
otherwise defined herein shall have the meanings assigned to such terms in the
Credit Agreement.

The Borrower hereby requests (select one):

 

  ¨ A Borrowing of new Loans

 

  ¨ A conversion of Loans

 

  ¨ A continuation of Loans

to be made on the terms set forth below:

 

(A)    Class of Borrowing1      (B)    Date of Borrowing, conversion or
continuation (which is a Business Day)      (C)    Principal amount      (D)   
Type of Loan2     

 

 

1 

Extended Euro Term Borrowing, Extended Dollar Term-1 Borrowing, Non-Extended
Euro Term Borrowing, Non-Extended Dollar Term-1 Borrowing, Dollar Term-2
Borrowing, Revolving Credit Borrowing.

2 

Specify Eurocurrency Rate Loan or Base Rate Loan.

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

 

(E)    Interest Period1      (F)    Currency of Loan2     

The above request has been made to the Administrative Agent by telephone at
718-754-7291 / 7435.

[Remainder of Page Intentionally Blank]

 

 

1 

Applicable for Eurocurrency Rate Loans only.

 

2 

Applicable for Term Loans only.

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

[The Borrower hereby represents and warrants to the Administrative Agent and the
Lenders that, on the date of this Committed Loan Notice and on the date of the
related Borrowing, the conditions to lending specified in paragraphs (a) and
(b) of Section 4.02 of the Credit Agreement have been satisfied.]1

 

CATALENT PHARMA SOLUTIONS, INC. By:       Name:   Title:

 

 

1 

Insert bracketed language if the Borrower is requesting a Borrowing of new
Loans.

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

Exhibit B

Amendments of the Credit Agreement

 

Catalent – Amendment No. 3 to Credit Agreement

--------------------------------------------------------------------------------

EXHIBIT B

UNOFFICIAL CONFORMED COPY

Through Amendment No. 23; Schedules and Exhibits to be Conformed

 

 

 

CREDIT AGREEMENT

Dated as of April 10, 2007

among

PTS ACQUISITION CORP.

(TO BE MERGED WITH AND INTO CARDINAL HEALTH 409, INC.),

as Borrower,

PTS INTERMEDIATE HOLDINGS LLC,

as Holdings,

MORGAN STANLEY SENIOR FUNDING, INC.,

as Administrative Agent, Collateral Agent and Swing Line Lender,

BANK OF AMERICA, N.A.,

as L/C Issuer,

and

THE OTHER LENDERS PARTY HERETO

 

 

GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Syndication Agent,

BANK OF AMERICA, N.A.,

BEAR STEARNS CORPORATE LENDING INC. AND

GENERAL ELECTRIC CAPITAL CORPORATION,

as Documentation Agents,

MORGAN STANLEY SENIOR FUNDING, INC. AND

GOLDMAN SACHS CREDIT PARTNERS, L.P.,

as Joint Lead Arrangers,

and

MORGAN STANLEY SENIOR FUNDING, INC.,

GOLDMAN SACHS CREDIT PARTNERS, L.P.,

BANK OF AMERICA, N.A. AND

BEAR STEARNS CORPORATE LENDING INC.,

as Joint Bookrunners

 

 

 

--------------------------------------------------------------------------------

TABLE OF CONTENTS

 

     Page   ARTICLE I    Definitions and Accounting Terms   

SECTION 1.01. Defined Terms

     2   

SECTION 1.02. Other Interpretive Provisions

     6064   

SECTION 1.03. Accounting Terms

     6165   

SECTION 1.04. Rounding

     6165   

SECTION 1.05. References to Agreements, Laws, Etc

     6165   

SECTION 1.06. Times of Day

     6166   

SECTION 1.07. Timing of Payment or Performance

     6166   

SECTION 1.08. Currency Equivalents Generally

     6266    ARTICLE II    The Commitments and Credit Extensions   

SECTION 2.01. The Loans

     6367   

SECTION 2.02. Borrowings, Conversions and Continuations of Loans

     6468   

SECTION 2.03. Letters of Credit

     6772   

SECTION 2.04. Swing Line Loans

     7680   

SECTION 2.05. Prepayments

     7984   

SECTION 2.06. Termination or Reduction of Commitments

     8389   

SECTION 2.07. Repayment of Loans

     8490   

SECTION 2.08. Interest

     8591   

SECTION 2.09. Fees

     8692   

SECTION 2.10. Computation of Interest and Fees

     8793   

SECTION 2.11. Evidence of Indebtedness

     8793   

SECTION 2.12. Payments Generally

     8894   

SECTION 2.13. Sharing of Payments

     9096   

SECTION 2.14. Incremental Credit Extensions

     9096   

SECTION 2.15. Conversion of Revolving Credit Loans, etc.

     9298   

SECTION 2.16. Extensions of Revolving Credit Loans and Revolving Credit
Commitments

     9399   

SECTION 2.17. Conversion of Term Loans.

     102   

SECTION 2.18. Extensions of Term Loans

     102   

SECTION 2.19. Refinancing Term Loans.

     104    ARTICLE III    Taxes, Increased Costs Protection and Illegality   

SECTION 3.01. Taxes

     96105   

SECTION 3.02. Illegality

     98108   

 

i

--------------------------------------------------------------------------------

 

SECTION 3.03. Inability to Determine Rates

     98108   

SECTION 3.04. Increased Cost and Reduced Return; Capital Adequacy; Reserves on
Eurocurrency Rate Loans

     99109   

SECTION 3.05. Funding Losses

     100110   

SECTION 3.06. Matters Applicable to All Requests for Compensation

     101111   

SECTION 3.07. Replacement of Lenders under Certain Circumstances

     102112   

SECTION 3.08. Survival

     103113    ARTICLE IV    Conditions Precedent to Credit Extensions   

SECTION 4.01. Conditions of Initial Credit Extension

     103113   

SECTION 4.02. Conditions to All Credit Extensions

     105115    ARTICLE V    Representations and Warranties   

SECTION 5.01. Existence, Qualification and Power; Compliance with Laws

     106116   

SECTION 5.02. Authorization; No Contravention

     106116   

SECTION 5.03. Governmental Authorization; Other Consents

     107117   

SECTION 5.04. Binding Effect

     107117   

SECTION 5.05. Financial Statements; No Material Adverse Effect

     107117   

SECTION 5.06. Litigation

     108118   

SECTION 5.07. No Default

     109118   

SECTION 5.08. Ownership of Property; Liens

     109118   

SECTION 5.09. Environmental Compliance

     109119   

SECTION 5.10. Taxes

     110120   

SECTION 5.11. ERISA Compliance

     110120   

SECTION 5.12. Subsidiaries; Equity Interests

     111121   

SECTION 5.13. Margin Regulations; Investment Company Act

     111121   

SECTION 5.14. Disclosure

     111121   

SECTION 5.15. Intellectual Property; Licenses, Etc.

     112121   

SECTION 5.16. Solvency

     112122   

SECTION 5.17. Subordination of Junior Financing

     112122    ARTICLE VI    Affirmative Covenants   

SECTION 6.01. Financial Statements

     112122   

SECTION 6.02. Certificates; Other Information

     113123   

SECTION 6.03. Notices

     115125   

SECTION 6.04. Payment of Obligations

     115125   

SECTION 6.05. Preservation of Existence, Etc.

     116125   

SECTION 6.06. Maintenance of Properties

     116126   

 

ii

--------------------------------------------------------------------------------

 

SECTION 6.07. Maintenance of Insurance

     116126   

SECTION 6.08. Compliance with Laws

     116126   

SECTION 6.09. Books and Records

     116126   

SECTION 6.10. Inspection Rights

     116126   

SECTION 6.11. Covenant to Guarantee Obligations and Give Security

     117127   

SECTION 6.12. Compliance with Environmental Laws

     119128   

SECTION 6.13. Further Assurances and Post-Closing Conditions

     119129   

SECTION 6.14. Designation of Subsidiaries

     120130   

SECTION 6.15. Post-Closing Matters

     120130    ARTICLE VII    Negative Covenants   

SECTION 7.01. Liens

     121131   

SECTION 7.02. Investments

     125135   

SECTION 7.03. Indebtedness

     129138   

SECTION 7.04. Fundamental Changes

     133143   

SECTION 7.05. Dispositions

     134144   

SECTION 7.06. Restricted Payments

     136146   

SECTION 7.07. Change in Nature of Business

     140150   

SECTION 7.08. Transactions with Affiliates

     140150   

SECTION 7.09. Burdensome Agreements

     141151   

SECTION 7.10. Use of Proceeds

     141151   

SECTION 7.11. Accounting Changes

     142152   

SECTION 7.12. Prepayments, Etc. of Indebtedness

     142152   

SECTION 7.13. Equity Interests of Certain Restricted Subsidiaries

     142152    ARTICLE VIII    Events of Default and Remedies   

SECTION 8.01. Events of Default

     143153   

SECTION 8.02. Remedies Upon Event of Default

     145155   

SECTION 8.03. Exclusion of Immaterial Subsidiaries

     146156   

SECTION 8.04. Application of Funds

     146156    ARTICLE IX    Administrative Agent and Other Agents   

SECTION 9.01. Appointment and Authorization of Agents

     147157   

SECTION 9.02. Delegation of Duties

     148158   

SECTION 9.03. Liability of Agents

     148158   

SECTION 9.04. Reliance by Agents

     149159   

SECTION 9.05. Notice of Default

     149159   

SECTION 9.06. Credit Decision; Disclosure of Information by Agents

     150160   

 

iii

--------------------------------------------------------------------------------

 

SECTION 9.07. Indemnification of Agents

     150160   

SECTION 9.08. Agents in their Individual Capacities

     151161   

SECTION 9.09. Successor Agents

     151161   

SECTION 9.10. Administrative Agent May File Proofs of Claim

     152162   

SECTION 9.11. Collateral and Guaranty Matters

     152162   

SECTION 9.12. Other Agents; Arrangers and Managers

     153164   

SECTION 9.13. Appointment of Supplemental Administrative Agents

     154164    ARTICLE X    Miscellaneous   

SECTION 10.01. Amendments, Etc.

     155165   

SECTION 10.02. Notices and Other Communications; Facsimile Copies

     157167   

SECTION 10.03. No Waiver; Cumulative Remedies

     158168   

SECTION 10.04. Attorney Costs and Expenses

     158168   

SECTION 10.05. Indemnification by the Borrower

     159169   

SECTION 10.06. Payments Set Aside

     160170   

SECTION 10.07. Successors and Assigns

     160170   

SECTION 10.08. Confidentiality

     164174   

SECTION 10.09. Setoff

     165175   

SECTION 10.10. Interest Rate Limitation

     165176   

SECTION 10.11. Counterparts

     166176   

SECTION 10.12. Integration

     166176   

SECTION 10.13. Survival of Representations and Warranties

     166176   

SECTION 10.14. Severability

     166176   

SECTION 10.15. Tax Forms

     166177   

SECTION 10.16. GOVERNING LAW

     168178   

SECTION 10.17. WAIVER OF RIGHT TO TRIAL BY JURY

     169179   

SECTION 10.18. Binding Effect

     169179   

SECTION 10.19. Judgment Currency

     169179   

SECTION 10.20. Lender Action

     170180   

SECTION 10.21. USA PATRIOT Act

     170180   

SECTION 10.22. Agent for Service of Process

     170180   

SCHEDULES

 

1

  

Guarantors

1.01A

  

Certain Security Interests and Guarantees

1.01B

  

Unrestricted Subsidiaries

1.01C

  

Mandatory Cost

1.01D

  

Excluded Subsidiaries

2.01(a)(i)

  

Dollar Term-1 Commitment

2.01(a)(ii)

  

Dollar Term-2 Commitment

2.01(b)

  

Euro Term Commitment

2.01(c)

  

Revolving Credit Commitment

2.03(a)(ii)(B)

  

Certain Letters of Credit

 

iv

--------------------------------------------------------------------------------

CREDIT AGREEMENT

This CREDIT AGREEMENT (“Agreement”) is entered into as of April 10, 2007, among
PTS ACQUISITION CORP. (“Acquisition Sub” and, prior to the Acquisition (as
defined below), the “Borrower”), a Delaware corporation to be merged with and
into CARDINAL HEALTH 409, INC., a Delaware corporation (“Cardinal” and, after
the Acquisition, the “Borrower”), PTS INTERMEDIATE HOLDINGS LLC, a Delaware
limited liability company (“Holdings”), MORGAN STANLEY SENIOR FUNDINC, INC., as
Administrative Agent, Collateral Agent and Swing Line Lender, BANK OF AMERICA,
N.A., as L/C Issuer, and each lender from time to time party hereto
(collectively, the “Lenders” and individually, a “Lender”).

PRELIMINARY STATEMENTS

Pursuant to the Purchase Agreement (as this and other capitalized terms used in
these preliminary statements are defined in Section 1.01 below), Acquisition Sub
will merge (the “Acquisition”) with and into Cardinal (which owns, directly or
indirectly, all of the Equity Interest of the Transferred Entities), with
(i) the consideration for the Acquisition being paid, (ii) Cardinal surviving as
a wholly owned subsidiary of Holdings and (iii) Cardinal assuming by operation
of law all of the Obligations of Acquisition Sub under this Agreement and the
other Loan Documents (and all references herein and in the other Loan Documents
to the term “Borrower” shall thereupon be deemed to be references to Cardinal).

The Borrower has requested that simultaneously with the consummation of the
Acquisition, the Lenders extend credit to the Borrower in the form of (i) Dollar
Term-1 Loans in an initial aggregate principal Dollar Amount of $1,060,000,000,
(ii) Euro Term Loans in an aggregate principal Euro Amount of €265,000,000 and
(iii) Revolving Credit Commitments in an initial aggregate principal Dollar
Amount of $350,000,000 (the “Revolving Credit Facility”).350,000,000. The
Revolving Credit Facility may include one or more Swing Line Loans and one or
more Letters of Credit from time to time.

The proceeds of the Term Loans and the Initial Revolving Borrowing (to the
extent permitted in accordance with the definition of the term “Permitted
Initial Revolving Borrowing Purposes”), together with the proceeds of (i) the
issuance of the High Yield Notes and (ii) the Equity Contribution, will be used
to finance the Transaction and the Transaction Expenses. The proceeds of
Revolving Credit Loans made after the Closing Date will be used for working
capital and other general corporate purposes of the Borrower and its
Subsidiaries, including the financing of Permitted Acquisitions. Swing Line
Loans and Letters of Credit will be used for general corporate purposes of the
Borrower and its Subsidiaries.

The applicable Lenders have indicated their willingness to lend, and the L/C
Issuer has indicated its willingness to issue Letters of Credit, in each case,
on the terms and subject to the conditions set forth herein.

In consideration of the mutual covenants and agreements herein contained, the
parties hereto covenant and agree as follows:

“Agreement” means this Credit Agreement.

 

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“Agreement Currency” has the meaning specified in Section 10.19.

“Amendment No. 1” means Amendment No. 1 to this Agreement, dated as of June 1,
2011 among Holdings, the Borrower, the Lenders party thereto and the
Administrative Agent.

“Amendment No. 1 Effective Date” means June 1, 2011.

“Amendment No. 2” means Amendment No. 2 to this Agreement, dated as of
February 17, 2012, among Holdings, the Borrower, the Lenders party thereto and
the Administrative Agent.

“Amendment No. 2 Effective Date” has the meaning specified in Amendment No. 2.
For the avoidance of doubt, the Amendment No. 2 Effective Date constitutes an
Incremental Facility Closing Date hereunder.

“Amendment No. 3” means Amendment No. 3 to this Agreement, dated as of [—], 2012
among Holdings, the Borrower, the Lenders party thereto and the Administrative
Agent.

“Amendment No. 3 Effective Date” means [—], 2012.

“Applicable Rate” means:

(a) in respect of the Non-Extended Dollar Term-1 Facility, and Non-Extended Euro
Term Facility and Revolving Tranche-1 Facility, a percentage per annum equal to
the following percentages per annum, based upon the Total Leverage Ratio as set
forth in the most recent Compliance Certificate received by the Administrative
Agent pursuant to Section 6.02(a):

Applicable Rate

Applicable Rate

 

Pricing

Level

   Total Leverage
Ratio    Eurocurrency
Rate for
Revolving
Tranche-1
Loans and
Letter of
Credit Fees     Base Rate
for
Revolving
Tranche-1
Loans     Commitment
Fee Rate     Eurocurrency
Rate for
Non-Exten ded
Dollar
Term-1
Loans and
Non-Exten ded
Euro
Term
Loans     Base Rate
for
Non-Extended
Dollar
Term-1
Loans and
Non-Extended
Euro
Term
Loans  

1

   > 5.0:1.0      2.25 %      1.25 %      0.50 %      2.25 %      1.25 % 

 

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2

   < 5.0:1.0 but      2.25 %      1.25 %      0.50 %      2.00 %      1.00 %    
> 4.0:1.0           

3

   < 4.0:1.0      2.00 %      1.00 %      0.375 %      1.75 %      0.75 % 

(b) in respect of the Extended Dollar Term-21 Loans and Extended Euro Term
Loans, a percentage per annum equal to (i) in the case of Eurocurrency Rate
Loans, 4.00% and (ii) in the case of Base Rate Loans, 3.00%;

(c) in respect of the Dollar Term-2 Loans, a percentage per annum equal to
(i) in the case of Eurocurrency Rate Loans, 4.00% and (ii) in the case of Base
Rate Loans, 3.00%;

(d) in respect of the Revolving Tranche-2Credit Facility, a percentage per annum
equal to the following percentages per annum, based upon the Total Leverage
Ratio as set forth in the most recent Compliance Certificate received by the
Administrative Agent pursuant to Section 6.02(a):

Applicable Rate

Pricing
Level

   Total Leverage
Ratio    Eurocurrency
Rate for
Revolving
Tranche-2Credit
Loans and
Letter
of Credit Fees     Base Rate  for
Revolving
Tranche-2Credit
Loans     Commitment Fee
Rate  

1

   > 5.0:1.0      3.75 %      2.75 %      0.50 % 

2

   < 5.0:1.0 but      3.75 %      2.75 %      0.50 %     > 4.0:1.0       

3

   < 4.0:1.0      3.50 %      2.50 %      0.375 % 

Any increase or decrease in the Applicable Rate resulting from a change in the
Total Leverage Ratio shall become effective as of the first Business Day
immediately following the date a Compliance Certificate is delivered pursuant to
Section 6.02(a); provided that at the option of the Administrative Agent or the
Required Lenders, Pricing Level 1 shall apply (x) as of the first Business Day
after the date on which a Compliance Certificate was required to have been
delivered but was not delivered, and shall continue to so apply to and including
the date on which such Compliance Certificate is so delivered (and thereafter
the Pricing Level otherwise determined in accordance with this definition shall
apply) and (y) as of the first Business Day after an Event of Default under
Section 8.01(a) shall have occurred and be continuing, and shall continue to so
apply to but excluding the date on which such Event of Default is cured or
waived (and thereafter the Pricing Level otherwise determined in accordance with
this definition shall apply).

 

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“Casualty Event” means any event that gives rise to the receipt by the Borrower
or any Restricted Subsidiary of any insurance proceeds or condemnation awards in
respect of any equipment, fixed assets or real property (including any
improvements thereon) to replace or repair such equipment, fixed assets or real
property.

“Change of Control” means the earliest to occur of

(a) (a) the Permitted Holders ceasing to have the power, directly or indirectly,
to vote or direct the voting of securities having a majority of the ordinary
voting power for the election of directors of Holdings; provided that the
occurrence of the foregoing event shall not be deemed a Change of Control if,

(i) any time prior to the consummation of a Qualifying IPO, and for any reason
whatsoever, (A) the Permitted Holders otherwise have the right, directly or
indirectly, to designate (and do so designate) a majority of the board of
directors of Holdings at such time or (B) the Permitted Holders own a majority
of the outstanding voting Equity Interests of Holdings at such time, or

(ii) at any time upon or after the consummation of a Qualifying IPO, and for any
reason whatsoever, (A) no “person” or “group” (as such terms are used in
Sections 13(d) and 14(d) of the Exchange Act, but excluding any employee benefit
plan of such person and its Subsidiaries, and any person or entity acting in its
capacity as trustee, agent or other fiduciary or administrator of any such
plan), excluding the Permitted Holders, shall become the “beneficial owner” (as
defined in Rules 13(d)-3 and 13(d)-5 under such Act), directly or indirectly, of
more than the greater of (x) thirty-five percent (35%) of the then outstanding
voting stock of Holdings, and (y) the percentage of the then outstanding voting
stock of Holdings owned, directly or indirectly, beneficially by the Permitted
Holders, and (B) during each period of twelve (12) consecutive months, the board
of directors of Holdings shall consist of a majority of the Continuing
Directors; or

(b) (b) any “Change of Control” (or any comparable term) in any document
pertaining to the High Yield Notes, the Permitted Refinancing thereof, or any
Junior Financing with an aggregate outstanding principal amount in excess of the
Threshold Amount, or

(c) (c) at any time prior to a Qualifying IPO of the Borrower, the Borrower
ceasing to be a direct wholly owned subsidiary of (i) Holdings or (ii) if any
Intermediate Holding Company is formed, the Intermediate Holding Company that is
a direct parent of the Borrower.

“Class” (a) when used with respect to Lenders, refers to whether such Lenders
are Revolving TrancheCredit Lenders, Extended Dollar Term-1 Lenders, Revolving
Tranche-2 Lenders,Non-Extended Dollar Term-1 Lenders, Dollar Term-2 Lenders,
Extended Euro Term Lenders, Non-Extended Euro Term Lenders or any Extended
Lenders in respect of the same Extension Series or Refinancing Term Lenders in
respect of a Refinancing Term Facility, (b) when used with respect to
Commitments, refers to whether such Commitments are Revolving Tranche-1
Commitments, Revolving Tranche-2Credit Commitments, Dollar Term-1

 

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Commitments, Dollar Term-2 Commitments, Euro Term Commitments or an Extended
Revolving Credit Commitment (of the same Extension Series) and (c) when used
with respect to Loans or a Borrowing, refers to whether such Loans, or the Loans
comprising such Borrowing, are Revolving Tranche-1Credit Loans, Revolving
Tranche-2 Loans,Extended Dollar Term-1 Loans, Non-Extended Dollar Term-1
Lenders, Dollar Term-2 Loans, Extended Euro Term Loans, Non-Extended Euro Term
Loans or Extended Revolving Credit Loans (of the same Extension Series) or
Refinancing Term Loans in respect of a Refinancing Term Facility.

“Closing Date” means the first date all the conditions precedent in Section 4.01
are satisfied or waived in accordance with Section 4.01.

“Closing Date Material Adverse Effect” means any event, circumstance, change or
effect that has or would reasonably be expected to have a material adverse
effect on the business, results of operations or financial condition of the
Transferred Entities, taken as a whole; provided, however, that no change or
effect arising out of or resulting from any of the following shall be deemed by
itself or by themselves, either alone or in combination, to constitute or
contribute to a Closing Date Material Adverse Effect (except in the case of
clauses (i) through (iv) to the extent that such event, circumstance, change or
effect has had a disproportionate effect on the Transferred Entities, taken as a
whole, as compared to other companies in the industries in which the Transferred
Entities conduct their business): (i) general changes affecting the
pharmaceutical, pharmaceutical distribution and/or pharmaceutical technology
industries in which the Transferred Entities operate; (ii) general political or
economic conditions or changes therein (including the commencement, continuation
or escalation of a war, material armed hostilities or other material internal or
national calamity or acts of terrorism or earthquakes, hurricanes, other natural
disasters or acts of God); (iii) general financial or capital market conditions,
including interest rates or currency exchange rates, or changes therein;
(iv) any changes in applicable Law (as defined in the Purchase Agreement) or
GAAP (as defined in the Purchase Agreement) or other accounting standards, or
authoritative interpretations thereof, from and after January 25, 2007; (v) the
announcement of the potential sale of the Business (as defined in the Purchase
Agreement), the negotiation, execution, announcement, existence or performance
of the Purchase Agreement or the transactions contemplated by the Purchase
Agreement; the consummation of the transactions contemplated by the Purchase
Agreement; or changes or actions resulting from any of the foregoing, including
any change in the relationships of the Transferred Entities with their
customers, suppliers or employees; (vi) subject to the Commitment Letter, any
action or omission required pursuant to the terms of the Purchase Agreement, or
pursuant to the express written request of the Borrower; and (vii) any failure
of the Seller, the Transferred Entities or the Business (as defined in the
Purchase Agreement) to meet financial projections or any estimates of revenues
or earnings; provided that the exception in this clause (vii) shall not prevent
or otherwise affect a determination that any change or effect underlying such
failure has resulted in, or contributed to, a Closing Date Material Adverse
Effect so long as it is not excluded by clauses (i) through (vi) above.

“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to
time, and rules and regulations related thereto.

“Collateral” means all the “Collateral” as defined in any Collateral Document
and shall include the Mortgaged Properties.

 

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participation is held), and (b) with respect to any Loan or Commitment
denominated in Euros, the principal amount thereof then outstanding in Euros,
converted to Dollars in accordance with Section 1.08.

“Dollar Refinanced Term Loans” has the meaning specified in Section 10.01.

“Dollar Replacement Term Loans” has the meaning specified in Section 10.01.

“Dollar Term Borrowing” means a Dollar Term-1 Borrowing and/or Dollar Term-2
Borrowing, as the context may require.

“Dollar Term Commitment” means a Dollar Term-1 Commitment and/or a Dollar Term-2
Commitment, as the context may require.

“Dollar Term Lender” means a Dollar Term-1 Lender and/or a Dollar Term-2 Lender,
as the context may require.

“Dollar Term Loan” means a Dollar Term-1 Loan and/or a Dollar Term-2 Loan, as
the context may require.

“Dollar Term-1 Borrowing” means a borrowing pursuant to Section 2.01(a)(i)
consisting of Extended Dollar Term-1 Loans and Non-Extended Dollar Term-1 Loans
of the same Type made by the Dollar Term-1 Lenders and, in the case of
Eurocurrency Rate Loans, having the same Interest Period.

“Dollar Term- 1 Commitment” means, as to each Dollar Term-1 Lender, its
obligation to make a Extended Dollar Term- 1 Loan or Non-Extended Dollar Term-1
Loan to the Borrower pursuant to Section 2.01(a)(i) in an aggregate principal
amount not to exceed the amount set forth opposite such Lender’s name on
Schedule 2.01(a)(i) under the caption “Extended Dollar Term-1 Commitment” or
“Non-Extended Dollar Term-1 Commitment” or in the Assignment and Assumption
pursuant to which such Dollar Term-1 Lender becomes a party hereto, as
applicable, as such amount may be adjusted from time to time in accordance with
this Agreement. The initial aggregate amount of the Dollar Term-1 Commitments is
$1,060,000,000.

“Dollar Term-1 Facility” means, at any time, the aggregate amount of the Dollar
Term-1 Lenders’ Dollar Term-1 Commitments at such timeExtended Dollar Term-1
Facility or Non-Extended Dollar Term-1 Facility, as the context may require.

“Dollar Term-1 Lender” means, at any time, any Lender that has a Extended Dollar
Term-1 Commitment or a, Non-Extended Dollar Term-1 Commitment, Extended Dollar
Term-1 Loan or a Non-Extended Dollar Term-1 Loan at such time.

“Dollar Term-1 Loan” means a Loan made pursuant to Section 2.01(a)(i).

“Dollar Term-2 Borrowing” means a borrowing pursuant to Section 2.01(a)(ii)
consisting of Dollar Term-2 Loans of the same Type made by the Dollar Term-2
Lenders and, in the case of Eurocurrency Rate Loans, having the same Interest
Period.

 

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expected to be, in “at-risk” status (within the meaning of Section 303(i)(4)(A)
of ERISA or Section 430(i)(4)(A) of the Code).

“Euro” and “EUR” means the lawful single currency of the European Union.

“Euro Amount” means, at any time, (a) with respect to any Loan or Commitment
denominated in Euros, the principal amount thereof then outstanding, and
(b) with respect to any Loan or Commitment denominated in Dollars, the principal
amount thereof then outstanding in Dollars, converted to Euros in accordance
with Section 1.08.

“Euro Refinanced Term Loans” has the meaning specified in Section 10.01.

“Euro Replacement Term Loans” has the meaning specified in Section 10.01.

“Euro Term Borrowing” means a borrowing consisting of Euro Term Loans of the
same Type and currency and, in the case of Eurocurrency Rate Loans, having the
same Interest Period made by each of the Euro Term Lenders pursuant to
Section 2.01(b).an Extended Euro Term Borrowing and/or a Non-Extended Euro Term
Borrowing, as the context may require.

“Euro Term Commitment” means, as to each Euro Term Lender, its obligation to
make a Euro Term Loan to the Borrower pursuant to Section 2.01(b) in an
aggregate principal amount not to exceed the amount set forth opposite such
Lender’s name on Schedule 2.01(b) under the caption “Euro Term Commitment” or in
the Assignment and Assumption pursuant to which such Euro Term Lender becomes a
party hereto, as applicable, as such amount may be adjusted from time to time in
accordance with this Agreement. The initial aggregate amount of the Euro Term
Commitments is the Euro Amount of €265,000,000.

“Euro Term Lender “ means, at any time, any Lender that has a Euro Term
Commitment or a Euro Term Loan at such time.

“Euro Term Loan” means a Loan made pursuant to Section 2.01(b)

“Euro Term Commitment” means an Extended Euro Term Commitment and/or a
Non-Extended Euro Term Commitment, as the context may require.

“Euro Term Lender” means an Extended Euro Term Lender and/or a Non-Extended Euro
Term Lender, as the context may require.

“Euro Term Loan” means an Extended Euro Term Loan and/or a Non-Extended Euro
Term Loan, as the context may require.

“Euro Term Note” means a promissory note of the Borrower payable to any Euro
Term Lender or its registered assigns, in substantially the form of Exhibit C-2
hereto, evidencing the aggregate Indebtedness of the Borrower to such Euro Term
Lender resulting from the Euro Term Loans made by such Euro Term Lender.an
Extended Euro Term Note and/or a Non-Extended Euro Term Note, as the context may
require.

 

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“Eurocurrency Rate” means, for any Interest Period with respect to any
Eurocurrency Rate Loan:

(a) the rate per annum equal to the rate determined by the Administrative Agent
to be the offered rate that appears on the page of the Dow Jones Market screen
(or any successor thereto) that displays an average British Bankers Association
Interest Settlement Rate for deposits in Dollars (for delivery on the first day
of such Interest Period) with a term equivalent to such Interest Period,
determined as of approximately 11:00 a.m. (London time) two (2) Business Days
prior to the first day of such Interest Period, or, if different, the date on
which quotations would customarily be provided by leading banks in the London
Interbank Market for deposits of amounts in the relevant currency for delivery
on the first day of such Interest Period, or

(b) if the rate referenced in the preceding clause (a) does not appear on such
page or service or such page or service shall not be available, the rate per
annum equal to the rate determined by the Administrative Agent to be the offered
rate on such other page or other service that displays an average British
Bankers Association Interest Settlement Rate for deposits in Dollars (for
delivery on the first day of such Interest Period) with a term equivalent to
such Interest Period, determined as of approximately 11:00 a.m. (London time)
two (2) Business Days prior to the first day of such Interest Period, or, if
different, the date on which quotations would customarily be provided by leading
banks in the London Interbank Market for deposits of amounts in the relevant
currency for delivery on the first day of such Interest Period, or

(c) if the rates referenced in the preceding clauses (a) and (b) are not
available, the rate per annum determined by the Administrative Agent as the rate
of interest at which deposits in Dollars for delivery on the first day of such
Interest Period in Same Day Funds in the approximate amount of the Eurocurrency
Rate Loan being made, continued or converted by the Administrative Agent and
with a term equivalent to such Interest Period would be offered by a London
Affiliate of the Administrative Agent to major banks in the London interbank
eurodollar market at their request at approximately 11:00 a.m. (London time) two
(2) Business Days prior to the first day of such Interest Period or, if
different, the date on which quotations would customarily be provided by leading
banks in the London Interbank Market for deposits of amounts in the relevant
currency for delivery on the first day of such Interest Period

(d) the rate per annum equal to the rate determined by the Administrative Agent
to be the offered rate that appears on Telerate page 248 (or any successor
thereto) for deposits in Euros (for delivery on the first day of such Interest
Period) with a term equivalent to such Interest Period, determined as of
approximately 11:00 a.m. (Brussels time) two (2) Business Days prior to the
first day of such Interest Period, or, if different, the date on which
quotations would customarily be provided by leading banks in the European
interbank market for deposits of amounts in Euros for delivery on the first day
of such Interest Period, or

 

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10:00 a.m. (New York City time) on such date for the purchase of Dollars for
delivery two Business Days later.

“Excluded Subsidiary” means (a) any Subsidiary that is not a wholly owned
Subsidiary, (b) any Securitization Subsidiary, (c) each Subsidiary listed on
Schedule 1.01D hereto, (d) any Subsidiary that is prohibited by applicable Law
from guaranteeing the Obligations, (e) any Domestic Subsidiary that is a
Subsidiary of a Foreign Subsidiary, (f) any Restricted Subsidiary acquired
pursuant to a Permitted Acquisition financed with secured Indebtedness incurred
pursuant to Section 7.03(g) and each Restricted Subsidiary thereof that
guarantees such Indebtedness; provided that each such Restricted Subsidiary
shall cease to be an Excluded Subsidiary under this clause (f) if such secured
Indebtedness is repaid or becomes unsecured or if such Restricted Subsidiary
ceases to guarantee such secured Indebtedness, as applicable, (g) any other
Subsidiary with respect to which, in the reasonable judgment of the
Administrative Agent (confirmed in writing by notice to the Borrower), the cost
or other consequences (including any adverse tax consequences) of providing a
Guarantee shall be excessive in view of the benefits to be obtained by the
Lenders therefrom and (h) each Unrestricted Subsidiary.

“Existing Class” shall mean each Class of Existing Revolving Credit Loans and
Existing Revolving Credit Commitments and each Existing Term Loan Class.

“Existing Revolving Credit Commitment” has the meaning specified in Section
2.16(a).

“Existing Revolving Credit Loans” has the meaning specified in Section 2.16(a).

“Existing Term Loan Class” has the meaning specified in Section 2.18(a).

“Extended Dollar Term-1 Borrowing” means a borrowing consisting of Extended
Dollar Term-1 Loans of the same Type and, in the case of Eurocurrency Rate
Loans, having the same Interest Period, made by each of the Extended Dollar
Term-1 Lenders, pursuant to Section 2.01(a)(i) and Section 2.17(a).

“Extended Dollar Term-1 Commitment” means, as to each Extended Dollar Term-1
Lender, its obligation to make Extended Dollar Term- 1 Loans to the Borrower
pursuant to Section 2.01(a)(i) in an aggregate principal amount not to exceed
the amount set forth opposite such Lender’s name on Schedule 2.01(a)(i) under
the caption “Extended Dollar Term-1 Commitment” or in the Assignment and
Assumption pursuant to which such Extended Dollar Term-1 Lender becomes a party
hereto, as applicable, as such amount may be adjusted from time to time in
accordance with this Agreement.

“Extended Dollar Term-1 Facility” means, at any time, the aggregate amount of
the Extended Dollar Term-1 Lenders’ Extended Dollar Term-1 Commitments at such
time.

“Extended Dollar Term-1 Lender” means at any time, any Lender that has an
Extended Dollar Term-1 Loan at such time.

 

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“Extended Dollar Term-1 Loan” means a Loan made pursuant to Section 2.01(a)(i)
that has been converted into an Extended Dollar Term-1 Loan pursuant to Section
2.17(a).

“Extended Dollar Term-1 Note” means a promissory note made by the Borrower
payable to any Extended Dollar Term-1 Lender or its registered assigns, in
substantially the form of Exhibit C-1, evidencing the aggregate Indebtedness of
the Borrower to such Extended Dollar Term-1 Lender resulting from the Extended
Dollar Term-1 Loans made by such Extended Dollar Term-1 Lender.

“Extended Euro Term Borrowing” means a borrowing consisting of Extended Euro
Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having
the same Interest Period, made by each of the Extended Euro Term Lenders,
pursuant to Section 2.01(b) and Section 2.17(c).

“Extended Euro Term Commitment” means, as to each Extended Euro Term Lender, its
obligation to make Extended Euro Term Loans to the Borrower pursuant to
Section 2.01(b) in an aggregate principal amount not to exceed the amount set
forth opposite such Lender’s name on Schedule 2.01(b) under the caption
“Extended Euro Term Commitment” or in the Assignment and Assumption pursuant to
which such Extended Euro Term Lender becomes a party hereto, as applicable, as
such amount may be adjusted from time to time in accordance with this Agreement.

“Extended Euro Term Lender” means at any time, any Lender that has a Extended
Euro Term Loan at such time.

“Extended Euro Term Loan” means a Loan made pursuant to Section 2.01(b) that has
been converted into an Extended Euro Term Loan pursuant to Section 2.17(c).

“Extended Euro Term Note” means a promissory note made by the Borrower payable
to any Extended Euro Term Lender or its registered assigns, in substantially the
form of Exhibit C-2, evidencing the aggregate Indebtedness of the Borrower to
such Extended Euro Term Lender resulting from the Extended Euro Term Loans made
by such Extended Euro Term Lender.

“Extended Revolving Credit Commitment” has the meaning specified in
Section 2.16(a).

“Extended Revolving Credit Loans” has the meaning specified in Section 2.16(a).

“Extended Term Loans” has the meaning specified in Section 2.18(a).

“Extending Lender” has the meaning specified in Section 2.16(b).

“Extending Term Lender” has the meaning specified in Section 2.18(b).

“Extension Agreement” has the meaning specified in Section 2.16(c).

 

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“Extension Election” has the meaning specified in Section 2.16(b).

“Extension Series “ shall mean all Extended Revolving Credit Commitments that
are established pursuant to the same Extension Agreement (or any subsequent
Extension Agreement to the extent such Extension Agreement expressly provides
that the Extended Revolving Credit Commitments, provided or therein are intended
to be a part of any previously established Extension Series) and that provide
for the same interest margins, extension fees, if any, and amortization
schedule.

“Facility” means the Dollar Term-1 Loans, Dollar Term-2 Loans, the Euro Term
Loans, the Letter of Credit Sublimit, the Revolving Tranche-1 Facility,
Revolving Tranche-2Credit Facility and/or any Extended Revolving Credit
Commitments of the same Extension Series, as the context may require.

“Federal Funds Rate” means, for any day, the rate per annum equal to the
weighted average of the rates on overnight federal funds transactions with
members of the Federal Reserve System arranged by federal funds brokers on such
day, as published by the Federal Reserve Bank on the Business Day next
succeeding such day; provided that (a) if such day is not a Business Day, the
Federal Funds Rate for such day shall be such rate on such transactions on the
next preceding Business Day as so published on the next succeeding Business Day,
and (b) if no such rate is so published on such next succeeding Business Day,
the Federal Funds Rate for such day shall be the average rate (rounded upward,
if necessary, to a whole multiple of 1/100 of 1%) of the quotations for the day
of such transactions received by the Administrative Agent from three federal
funds brokers of recognized standing selected by it.

“First Lien Intercreditor Agreement” means an intercreditor agreement between
the Collateral Agent and one or more collateral agents or representatives for
the holders of Permitted Other Debt issued pursuant to Section 7.03(u) that is
intended to be secured on a pari passu basis with the Obligations.

“Foreign Casualty Event” has the meaning specified in Section 2.05(b).

“Foreign Disposition” has the meaning specified in Section 2.05(b).

“Foreign Lender” has the meaning specified in Section 10.15(a)(i).

“Foreign Plan” means any employee benefit plan, program, policy, arrangement or
agreement maintained or contributed to by, or entered into with, any Loan Party
or any Subsidiary with respect to employees employed outside the United States.

“Foreign Subsidiary” means any direct or indirect Restricted Subsidiary of the
Borrower which is not a Domestic Subsidiary.

“Foreign Subsidiary Total Assets” means the total assets of the Foreign
Subsidiaries, as determined in accordance with GAAP in good faith by a
Responsible Officer, without intercompany eliminations.

 

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“L/C Borrowing” means an extension of credit resulting from a drawing under any
Letter of Credit which has not been reimbursed on the applicable Honor Date or
refinanced as a Revolving Credit Borrowing.

“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance
thereof or extension of the expiry date thereof, or the renewal or increase of
the amount thereof.

“L/C Issuer” means Bank of America, N.A. and any other Lender that becomes an
L/C Issuer in accordance with Section 2.03(j) or 10.07(j), in each case, in its
capacity as an issuer of Letters of Credit hereunder, or any successor issuer of
Letters of Credit hereunder.

“L/C Obligation” means, as at any date of determination, the aggregate maximum
amount then available to be drawn under all outstanding Letters of Credit
(whether or not such maximum amount is then in effect under any such Letter of
Credit if such maximum amount increases periodically pursuant to the terms of
such Letter of Credit) plus the aggregate of all Unreimbursed Amounts in respect
of Letters of Credit, including all L/C Borrowings.

“Lender” has the meaning specified in the introductory paragraph to this
Agreement and, as the context requires, includes an L/C Issuer and the Swing
Line Lender, and their respective successors and assigns as permitted hereunder,
each of which is referred to herein as a “Lender”.

“Lending Office” means, as to any Lender, the office or offices of such Lender
described as such in such Lender’s Administrative Questionnaire, or such other
office or offices as a Lender may from time to time notify the Borrower and the
Administrative Agent.

“Letter of Credit” means any letter of credit issued hereunder. A Letter of
Credit may be a commercial letter of credit or a standby letter of credit.

“Letter of Credit Application” means an application and agreement for the
issuance or amendment of a Letter of Credit in the form from time to time in use
by the relevant L/C Issuer.

“Letter of Credit Expiration Date” means the day that is five (5) Business Days
prior to the scheduled Maturity Date then in effect for the Revolving Tranche-1
Facility (or, if such day is not a Business Day, the next preceding Business
Day); provided that in the case of any Revolving Tranche-2 Letter of Credit, if
the Revolving Tranche -2 Condition with respect thereto is satisfied, the Letter
of Credit Expiration Date of such Letter of Credit shall be the day that is five
(5) Business Days prior to the scheduled Maturity Date then in effect for the
Revolving Tranche-2 Credit Facility (or, if such day is not a Business Day, the
next preceding Business Day).

“Letter of Credit Sublimit” means an amount equal to the lesser of
(a) $100,000,000 and (b) the aggregate amount of the Revolving Credit
Commitments.

“Lien” means any mortgage, pledge, hypothecation, assignment, deposit
arrangement, encumbrance, lien (statutory or other), charge, or preference,
priority or other security interest or preferential arrangement of any kind or
nature whatsoever (including any

 

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“Material Foreign Subsidiary” means, at any date of determination, each of the
Borrower’s Foreign Subsidiaries (a) whose total assets at the last day of the
most recent Test Period were equal to or greater than 5% of the Total Assets of
the Borrower and the Restricted Subsidiaries at such date or (b) whose gross
revenues for such Test Period were equal to or greater than 5% of the
consolidated gross revenues of the Borrower and the Restricted Subsidiaries for
such period, in each case determined in accordance with GAAP; provided that
“Material Foreign Subsidiary” shall also include any of the Borrower’s
Subsidiaries selected by the Borrower which is required to ensure that all
Material Foreign Subsidiaries have in the aggregate (i) total assets at the last
day of the most recent Test Period that were equal to or greater than 95% of the
total assets of the Borrower and the Restricted Subsidiaries that are Foreign
Subsidiaries at such date and (ii) gross revenues for such Test Period that were
equal to or greater than 95% of the consolidated gross revenues of the Borrower
and the Restricted Subsidiaries that are Foreign Subsidiaries for such period,
in each case determined in accordance with GAAP.

“Material Real Property” means any real property owned by any Loan Party with a
book value in excess of $15,000,000.

“Material Subsidiary” means any Material Domestic Subsidiary or any Material
Foreign Subsidiary.

“Maturity Date” means (a) (1) with respect to the Revolving Tranche-1 Facility,
the sixth anniversary of the Closing Date; (b) (i) with respect to
theNon-Extended Dollar Term-1 Loans and the Non-Extended Euro Term-1 Loans, the
seventh anniversary of the Closing Date and, (ii2) with respect to the Dollar
Term -2 Loans and the Euro Term-2 Loans, the earlier of (Ai) September 15, 2017
and (ii) the 91st day prior to the maturity of the Senior Subordinated Notes or
any Permitted Refinancing thereof; provided such Senior Subordinated Notes have
an outstanding aggregate principal amount in excess of $100,000,000; (c and
(3) with respect to the Extended Dollar Term-1 Loans and the Extended Euro Term
Loans, the earlier of (i) September 15, 2016 and (ii) the 91st day prior to the
maturity of the Senior Notes or any Permitted Refinancing thereof; provided such
Senior Notes have an outstanding aggregate principal amount in excess of
$100,000,000; (b) with respect to the Revolving Tranche-2Credit Facility, the
earliest of (i) the ninth anniversary of the Closing Date, (ii) the 91st day
prior to the maturity of the Senior Notes or any Permitted Refinancing thereof;
provided such Senior Notes have an outstanding aggregate principal amount in
excess of $100,000,000, (iii) the 91st day prior to the maturity of the Senior
Subordinated Notes or any Permitted Refinancing thereof; provided such Senior
Subordinated Notes have an outstanding aggregate principal amount in excess of
$40,000,000, (iv) the 91st day prior to the Maturity Date with respect to the
Dollar Term Loans, the Euro Term Loans or the Incremental Term Loans; provided
such Dollar Term Loans, Euro Term Loans and the Incremental Term Loans have an
outstanding aggregate principal amount in excess of $345,000,000, (v) the 91st
day prior to the maturity of any unsecured Indebtedness for borrowed money
incurred after the Amendment No. 1 Effective Date that has a scheduled maturity
date earlier than the 91st day following the ninth anniversary of the Closing
Date; provided such Indebtedness for borrowed money has an outstanding aggregate
principal amount in excess of $100,000,000, (vi) the sixth anniversary of the
Closing Date or if later, the first day on which the event described in the
proviso to this clause (vi) occurs, provided that the aggregate principal amount
of the Senior Notes (or any Permitted Refinancing thereof) prepaid, repaid,

 

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redeemed, purchased, defeased or otherwise satisfied other than with proceeds of
debt financing (excluding any Revolving Credit Facility) or Permitted Equity
Issuance since May 25, 2011 exceeds $100,000,000, and (vii) the sixth
anniversary of the Closing Date or if later, the first day on which the event
described in the proviso to this clause (vii) occurs, provided that the
aggregate principal amount of the Senior Subordinated Notes (or any Permitted
Refinancing thereof) prepaid, repaid, redeemed, purchased, defeased or otherwise
satisfied other than with proceeds of debt financing (excluding any Revolving
Credit Facility) or Permitted Equity Issuance since May 25, 2011 exceeds
$40,000,000; and (dc) with respect to any Extension Series of Extended Revolving
Credit Commitments, the maturity date related to such Extension Series. If any
such day is not a Business Day, the Maturity Date shall be the Business Day
immediately preceding such day.

“Maximum Rate” has the meaning specified in Section 10.10.

“Minority Investment” means any person (other than a Subsidiary) in which the
Borrower or any Restricted Subsidiary owns capital stock.

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.

“Mortgage” means collectively, the deeds of trust, trust deeds, hypothecs and
mortgages made by the Loan Parties in favor or for the benefit of the
Administrative agent on behalf of the Lenders in form and substance reasonably
satisfactory to the Administrative Agent, and any other mortgages executed and
delivered pursuant to Section 6.11.

“Mortgage Policies” has the meaning specified in Section 6.13(b)(ii).

“Mortgaged Properties” has the meaning specified in paragraph (g) of the
definition of Collateral and Guarantee Requirement.

“MSSF” means Morgan Stanley Senior Funding, Inc.

“Multiemployer Plan” means any employee benefit plan of the type described in
Section 4001(a)(3) of ERISA, to which any Loan Party or any ERISA Affiliate
makes or is obligated to make contributions, or during the period since
January 1, 2003, has made or been obligated to make contributions.

“Net Cash Proceeds” means:

(a) with respect to the Disposition of any asset by the Borrower or any
Restricted Subsidiary or any Casualty Event, the excess, if any, of (i) the sum
of cash and Cash Equivalents received in connection with such Disposition or
Casualty Event (including any cash or Cash Equivalents received by way of
deferred payment pursuant to, or by monetization of, a note receivable or
otherwise, but only as and when so received and, with respect to any Casualty
Event, any insurance proceeds or condemnation awards in respect of such Casualty
Event actually received by or paid to or for the account of the Borrower or any
Restricted Subsidiary) over (ii) the sum of (A) the principal amount, premium or
penalty, if any, interest and other amounts on any Indebtedness that is secured
by the asset subject to such Disposition or Casualty Event

 

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“Non-Extended Dollar Term-1 Borrowing” means a borrowing consisting of
Non-Extended Dollar Term-1 Loans of the same Type and, in the case of
Eurocurrency Rate Loans, having the same Interest Period, made by each of the
Non-Extended Dollar Term-1 Lenders, pursuant to Section 2.01(a) and Section
2.17(b).

“Non-Extended Dollar Term-1 Commitment” means, as to each Non-Extended Dollar
Term-1 Lender, its obligation to make Non-Extended Dollar Term-1 Loans to the
Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to
exceed the amount set forth opposite such Lender’s name on Schedule 2.01(a)(i)
under the caption “Non-Extended Dollar Term-1 Commitment” or in the Assignment
and Assumption pursuant to which such Non-Extended Dollar Term-1 Lender becomes
a party hereto, as applicable, as such amount may be adjusted from time to time
in accordance with this Agreement.

“Non-Extended Dollar Term-1 Facility” means, at any time, the aggregate amount
of the Non-Extended Dollar Term-1 Lenders’ Non-Extended Dollar Term-1
Commitments at such time.

“Non-Extended Dollar Term-1 Lender” means at any time, any Lender that has a
Non-Extended Dollar Term-1 Loan at such time.

“Non-Extended Dollar Term-1 Loan” means a Loan made pursuant to Section 2.01(a)
that has been converted into a Non-Extended Dollar Term-1 Loan pursuant to
Section 2.17(b).

“Non-Extended Dollar Term-1 Note” means a promissory note made by the Borrower
payable to any Non-Extended Dollar Term-1 Lender or its registered assigns, in
substantially the form of Exhibit C-1, evidencing the aggregate Indebtedness of
the Borrower to such Non-Extended Dollar Term-1 Lender resulting from the
Non-Extended Dollar Term-1 Loans made by such Non-Extended Dollar Term-1 Lender.

“Non-Extended Euro Term Borrowing” means a borrowing consisting of Non-Extended
Euro Term Loans of the same Type and, in the case of Eurocurrency Rate Loans,
having the same Interest Period, made by each of the Non-Extended Euro Term
Lenders, pursuant to Section 2.01(b) and Section 2.17(d).

“Non-Extended Euro Term Commitment” means, as to each Non-Extended Euro Term
Lender, its obligation to make Non-Extended Euro Term Loans to the Borrower
pursuant to Section 2.01(b) in an aggregate principal amount not to exceed the
amount set forth opposite such Lender’s name on Schedule 2.01(b) under the
caption “Non-Extended Euro Term Commitment” or in the Assignment and Assumption
pursuant to which such Non-Extended Euro Term Lender becomes a party hereto, as
applicable, as such amount may be adjusted from time to time in accordance with
this Agreement.

“Non-Extended Euro Term Lender” means at any time, any Lender that has a
Non-Extended Euro Term Loan at such time.

 

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“Non-Extended Euro Term Loan” means a Loan made pursuant to Section 2.01(b) that
has been converted into a Non-Extended Euro Term Loan pursuant to Section
2.17(d).

“Non-Extended Euro Term Note” means a promissory note made by the Borrower
payable to any Non-Extended Euro Term Lender or its registered assigns, in
substantially the form of Exhibit C-2, evidencing the aggregate Indebtedness of
the Borrower to such Non-Extended Euro Term Lender resulting from the
Non-Extended Euro Term Loans made by such Non-Extended Euro Term Lender.

“Non-Loan Party” means any Subsidiary of the Borrower that is not a Loan Party.

“Nonrenewal Notice Date” has the meaning specified in Section 2.03(b)(iii).

“Note” means a Term Note or a Revolving Credit Note, as the context may require.

“Not Otherwise Applied” means, with reference to any amount of Net Cash Proceeds
of any transaction or event or of Excess Cash Flow or of the Available Amount
that is proposed to be applied to a particular use or transaction, that such
amount (a) was not required to be applied to prepay the Loans pursuant to
Section 2.05(b), and (b) has not previously been (and is not simultaneously
being) applied to anything other than that such particular use or transaction.

“Obligations” means all (x) advances to, and debts, liabilities, obligations,
covenants and duties of, any Loan Party, any Guarantor and their respective
Subsidiaries arising under any Loan Document or otherwise with respect to any
Loan or Letter of Credit, whether direct or indirect (including those acquired
by assumption), absolute or contingent, due or to become due, now existing or
hereafter arising and including interest and fees that accrue after the
commencement by or against any Loan Party, any Guarantor or any of their
respective Subsidiaries of any proceeding under any Debtor Relief Laws naming
such Person as the debtor in such proceeding, regardless of whether such
interest and fees are allowed claims in such proceeding, (y) obligations of any
Loan Party, any Guarantor and their respective Subsidiaries arising under any
Secured Hedge Agreement, and (z) Cash Management Obligations. Without limiting
the generality of the foregoing, the Obligations of the Loan Parties and the
Guarantors under the Loan Documents (and any of their Subsidiaries to the extent
they have obligations under the Loan Documents) include (a) the obligation
(including guarantee obligations) to pay principal, interest, Letter of Credit
commissions, reimbursement obligations, charges, expenses, fees, Attorney Costs,
indemnities and other amounts payable by any Loan Party, any Guarantor or any of
their respective Subsidiaries under any Loan Document and (b) the obligation of
any Loan Party, any Guarantor or any of their respective Subsidiaries to
reimburse any amount in respect of any of the foregoing that any Lender, in its
sole discretion, may elect to pay or advance on behalf of such Loan Party, such
Guarantor or such Subsidiary.

“Organization Documents” means (a) with respect to any corporation, the
certificate or articles of incorporation and the bylaws (or equivalent or
comparable constitutive case of a multiple employer or other plan described in
Section 4064(a) of ERISA, has made contributions at any time since January 1,
2003.

 

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“Permitted Acquisition” has the meaning specified in Section 7.02(j).

“Permitted Equity Issuance” means any sale or issuance of any Qualified Equity
Interests of Holdings or any direct or indirect parent of Holdings (and, after a
Qualifying IPO, of any Intermediate Holding Company), in each case to the extent
permitted hereunder.

“Permitted Holders” means each of (i) the Sponsor and (ii) the Management
Stockholders.

“Permitted Initial Revolving Borrowing Purposes” means (a) one or more
Borrowings of Revolving Credit Loans to finance the Transaction and to pay the
Transaction Expenses and (b) the issuance of Letters of Credit in replacement
of, or as a backstop for, letters of credit of the Borrower or its Restricted
Subsidiaries outstanding on the Closing Date.

“Permitted Other Debt” means (i) senior unsecured, senior secured, senior
subordinated or subordinated debt issued by any Loan Party, (ii) debt securities
issued by any Loan Party that are secured by a Lien on the Collateral ranking
junior to the Liens securing the Obligations pursuant to a Second Lien
Intercreditor Agreement or (iii) debt securities issued by any Loan Party that
are secured by a Lien ranking pari passu with the Liens securing the Obligations
pursuant to a First Lien Intercreditor Agreement, in each case, (a) the terms of
which do not provide for any scheduled repayment, mandatory redemption or
sinking fund obligations, prior to, at the time of incurrence of such Permitted
Other Debt, the Maturity Date of the Existing Term Loan Class which is being
refinanced by such Permitted Other Debt (other than customary offers to
repurchase upon a change of control, asset sale or casualty or condemnation
event and customary acceleration rights after an event of default), (b) the
covenants, events of default, guarantees, collateral and other terms of such
Indebtedness (other than interest rates, fees, funding discounts and redemption
or prepayment premiums), taken as a whole, are not more restrictive on the
Borrower and its Restricted Subsidiaries than the terms of this Agreement;
provided that a certificate of a Responsible Officer of the relevant Loan Party
shall be delivered to the Administrative Agent at least three Business Days (or
such shorter period as the Administrative Agent may reasonably agree) prior to
the incurrence of such Indebtedness, together with a reasonably detailed
description of the material terms and conditions of such Indebtedness or drafts
of the documentation relating thereto, stating that the Borrower has determined
in good faith that such terms and conditions satisfy the foregoing requirements
and which shall be conclusive evidence that such terms and conditions satisfy
the foregoing requirement, (c) if such Indebtedness is senior subordinated or
subordinated Indebtedness, the terms of such Indebtedness provide for customary
subordination of such Indebtedness to the Obligations, (d) if such Indebtedness
is secured, such Indebtedness shall not be secured by any property or assets
other than the Collateral and (e) no Subsidiary of the Borrower (other than a
Guarantor) is an obligor under such Indebtedness.

“Permitted Refinancing” means, with respect to any Person, any modification,
refinancing, refunding, renewal or extension of any Indebtedness of such Person;
provided that (a) the principal amount (or accreted value, if applicable)
thereof does not exceed the principal

 

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amount (or accreted value, if applicable) of the Indebtedness so modified,
refinanced, refunded, renewed or extended except by an amount equal to unpaid
accrued interest and premium thereon plus other reasonable amounts paid, and
fees and expenses reasonably incurred, in connection with such modification,
refinancing, refunding, renewal or extension and by an amount equal to any
existing commitments unutilized thereunder, (b) other than with respect to a
Permitted Refinancing in respect of Indebtedness permitted pursuant to
Section 7.03(e), such modification, refinancing, refunding, renewal or extension
has a final maturity date equal to or later than the final maturity date of, and
has a Weighted Average Life to Maturity equal to or greater than the Weighted
Average Life to Maturity of, the Indebtedness being modified, refinanced,
refunded, renewed or extended, (c) other than with respect to a Permitted
Refinancing in respect of Indebtedness permitted pursuant to Section 7.03(e), at
the time thereof, no Event of Default shall have occurred and be continuing, and
(d) if such Indebtedness being modified, refinanced, refunded, renewed or
extended is Indebtedness permitted pursuant to Section 7.03(b), 7.03(t) or
7.03(tu) or is Junior Financing, (i) to the extent such Indebtedness being
modified, refinanced, refunded, renewed or extended is subordinated in right of
payment to the Obligations, such modification, refinancing, refunding, renewal
or extension is subordinated in right of payment to the Obligations on terms at
least as favorable to the Lenders as those contained in the documentation
governing the Indebtedness being modified, refinanced, refunded, renewed or
extended, (ii) the terms and conditions (including, if applicable, as to
collateral but excluding as to subordination, interest rate and redemption
premium) of any such modified, refinanced, refunded, renewed or extended
Indebtedness, taken as a whole, are not materially less favorable to the Loan
Parties or the Lenders than the terms and conditions of the Indebtedness being
modified, refinanced, refunded, renewed or extended; provided that a certificate
of a Responsible Officer delivered to the Administrative Agent at least five
Business Days prior to the incurrence of such Indebtedness, together with a
reasonably detailed description of the material terms and conditions of such
Indebtedness or drafts of the documentation relating thereto, stating that the
Borrower has determined in good faith that such terms and conditions satisfy the
foregoing requirement shall be conclusive evidence that such terms and
conditions satisfy the foregoing requirement unless the Administrative Agent
notifies the Borrower within such five Business Day period that it disagrees
with such determination (including a reasonable description of the basis upon
which it disagrees) and (iii) such modification, refinancing, refunding, renewal
or extension is incurred by the Person who is the obligor of the Indebtedness
being modified, refinanced, refunded, renewed or extended.

“Person” means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority
or other entity.

“Plan” means any “employee benefit plan” (as such term is defined in
Section 3(3) of ERISA), other than a Foreign Plan, established by any Loan Party
or, with respect to any such plan that is subject to Section 412 of the Code or
Title IV of ERISA, any ERISA Affiliate.

“Pledged Debt” has the meaning specified in the Security Agreement.

“Pledged Equity” has the meaning specified in the Security Agreement.

“Post-Acquisition Period” means, with respect to any Permitted Acquisition, the
period beginning on the date such Permitted Acquisition is consummated and
ending on the last (y) expected to have a continuing impact on the Borrower and
the Restricted Subsidiaries and (z) factually supportable or (ii) otherwise
consistent with the definition of Pro Forma Adjustment.

 

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“Pro Forma Financial Statements” has the meaning specified in Section
5.05(a)(ii).

“Pro Rata Share” means, with respect to each Lender at any time a fraction
(expressed as a percentage, carried out to the ninth decimal place), the
numerator of which is the amount of the Commitments of such Lender under the
applicable Facility or Facilities at such time and the denominator of which is
the amount of the Aggregate Commitments under the applicable Facility or
Facilities at such time; provided that if such Commitments have been terminated,
then the Pro Rata Share of each Lender shall be determined based on the Pro Rata
Share of such Lender immediately prior to such termination and after giving
effect to any subsequent assignments made pursuant to the terms hereof.

“Purchase Agreement” means the Purchase and Sale Agreement dated as of
January 25, 2007, as amended by Amendment No. 1, dated as of March 9, 2007 and
Amendment No. 2, dated as of April 10, 2007, by and between the Seller and the
Borrower.

“Qualified Equity Interests” means any Equity Interests that are not
Disqualified Equity Interests.

“Qualified Securitization Financing” means any Securitization Financing of a
Securitization Subsidiary that meets the following conditions: (a) the board of
directors of the Borrower shall have determined in good faith that such
Qualified Securitization Financing (including financing terms, covenants,
termination events and other provisions) is in the aggregate economically fair
and reasonable to the Borrower and the Securitization Subsidiary, (b) all sales
and/or contributions of Securitization Assets and related assets to the
Securitization Subsidiary are made at fair market value (as determined in good
faith by the Borrower) and (iii) the financing terms, covenants, termination
events and other provisions thereof shall be market terms (as determined in good
faith by the Borrower) and may include Standard Securitization Undertakings. The
grant of a security interest in any Securitization Assets of the Borrower or any
of its Restricted Subsidiaries (other than a Securitization Subsidiary) to
secure Indebtedness under this Agreement prior to engaging in any Securitization
Financing shall not be deemed a Qualified Securitization Financing.

“Qualifying IPO” means the issuance by Holdings, any Intermediate Holding
Company, any direct or indirect parent of Holdings or the Borrower of its common
Equity Interests in an underwritten primary public offering (other than a public
offering pursuant to a registration statement on Form S-8) pursuant to an
effective registration statement filed with the SEC in accordance with the
Securities Act (whether alone or in connection with a secondary public
offering).

“Refinancing Effective Date” has the meaning specified in Section 2.19.

“Refinancing Term Lender” has the meaning specified in Section 2.19.

 

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“Refinancing Term Loan Amendment” has the meaning specified in Section 2.19.

“Refinancing Term Loans” has the meaning specified in Section 2.19.

“Register” has the meaning specified in Section 10.07(d).

“Rejection Notice” has the meaning specified in Section 2.05(b)(vi).

“Reportable Event” means with respect to any Plan any of the events set forth in
Section 4043(c) of ERISA or the regulations issued thereunder, other than events
for which the thirty (30) day notice period has been waived.

“Request for Credit Extension” means (a) with respect to a Borrowing, conversion
or continuation of Dollar Term Loans, Euro Term Loans or Revolving Credit Loans,
a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter
of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line
Loan Notice.

“Required Lenders” means, as of any date of determination, Lenders having more
than 50% of the sum of the (a) Total Outstandings (with the aggregate
outstanding Dollar Amount of each Lender’s risk participation and funded
participation in L/C Obligations and Swing Line Loans being deemed “held” by
such Lender for purposes of this definition), (b) aggregate unused Term
Commitments and (c) aggregate unused Revolving Credit Commitments; provided that
the unused Term Commitment and unused Revolving Credit Commitment of, and the
portion of the Total Outstandings held or deemed held by, any Defaulting Lender
or the Borrower or any Affiliate thereof shall be excluded for purposes of
making a determination of Required Lenders.

“Responsible Officer” means the chief executive officer, president, vice
president, chief financial officer, treasurer or assistant treasurer or other
similar officer of a Loan Party or a Guarantor and, as to any document delivered
on the Closing Date, any secretary or assistant secretary of a Loan Party or a
Guarantor. Any document delivered hereunder that is signed by a Responsible
Officer of a Loan Party or Guarantor shall be conclusively presumed to have been
authorized by all necessary corporate, partnership and/or other action on the
part of such Loan Party or such Guarantor and such Responsible Officer shall be
conclusively presumed to have acted on behalf of such Loan Party or such
Guarantor.

“Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any Equity Interest of the
Borrower or any Restricted Subsidiary, or any payment (whether in cash,
securities or other property), including any sinking fund or similar deposit, on
account of the purchase, redemption, retirement, defeasance, acquisition,
cancellation or termination of any such Equity Interest, or on account of any
return of capital to the Borrower’s stockholders, partners or members (or the
equivalent Persons thereof).

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

 

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“Retained Declined Proceeds” has the meaning specified in Section 2.05(b)(vii).

“Revolving Commitment Increase” has the meaning specified in Section 2.14(a).

“Revolving Commitment Increase Lender” has the meaning specified in
Section 2.14(a).

“Revolving Credit Borrowing” means a borrowing consisting of Revolving Tranche-1
Borrowing and/or a Revolving Tranche-2 Borrowing, as the context may
requireCredit Loans of the same Type and, in the case of Eurocurrency Rate
Loans, having the same Interest Period made by each of the Revolving Credit
Lenders pursuant to Section 2.01(c).

“Revolving Credit Commitment” means a Revolving Tranche-1 Commitment and/or a
Revolving Tranche-2 Commitment, as the context may require.as to each Revolving
Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower
pursuant to Section 2.01(c), (b) purchase participations in L/C Obligations in
respect of Letters of Credit and (c) purchase participations in Swing Line
Loans, in an aggregate principal amount at any one time outstanding not to
exceed the amount set forth, and opposite such Lender’s name on Schedule 2.01
under the caption “Revolving Credit Commitment” or in the Assignment and
Assumption pursuant to which such Lender becomes a party hereto, as applicable,
as such amount may be adjusted from time to time in accordance with this
Agreement. The aggregate Revolving Credit Commitments of all Revolving Credit
Lenders shall be $200,250,000 on the Amendment No. 3 Effective Date, as such
amount may be adjusted from time to time in accordance with the terms of this
Agreement.

“Revolving Credit Exposure” means, as to each Revolving Credit Lender, the sum
of the outstanding principal amount of such Revolving Credit Lender’s Revolving
Credit Loans and its Pro Rata Share of the L/C Obligations and the Swing Line
Obligations at such time.

“Revolving Credit Extension Request” has the meaning specified in Section
2.16(a).

“Revolving Credit Facility” means the Revolving Tranche -1 Facility and/or the
Revolving Tranche-2 Facility, as the context may require, at any time, the
aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments
at such time.

“Revolving Credit Lender” means a Revolving Tranche-1 Lender and/or a Revolving
Tranche-2 Lender, as the context may require., at any time, any Lender that has
a Revolving Credit Commitment at such time.

 

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“Revolving Credit Loan” means a Revolving Tranche-1 Loan and/or a Revolving
Tranche-2 Loan, as the context may requirehas the meaning specified in
Section 2.01(c).

“Revolving Credit Note” means a Revolving Tranche-1 Note and/or a Revolving
Tranche-2 Note, as the context may require.

“Revolving Tranche-1 Borrowing” means a borrowing consisting of Revolving
Tranche-1 Loans of the same Type and, in the case of Eurocurrency Rate Loans,
having the same Interest Period made by each of the Revolving Tranche-1 Lenders
pursuant to Section 2.01(c)(i) or Section 2.15(b).

“Revolving Tranche-1 Commitment” means, as to each Revolving Tranche-1 Lender,
its obligation to (a) make Revolving Tranche-1 Loans to the Borrower pursuant to
Section 2.01(c)(i), (b) purchase participations in L/C Obligations in respect of
Letters of Credit and (c) purchase participations in Swing Line Loans, in an
aggregate principal amount at any one time outstanding not to exceed the amount
set forth, and opposite such Lender’s name on Schedule 2.01(c) under the caption
“Revolving Tranche-1 Commitment” or in the Assignment and Assumption pursuant to
which such Lender becomes a party hereto, as applicable, as such amount may be
adjusted from time to time in accordance with this Agreement. The aggregate
Revolving Tranche -1 Commitments of all Revolving Tranche- 1 Lenders shall be
$149,750,000 on the Amendment No. 1 Effective Date, as such amount may be
adjusted from time to time in accordance with the terms of this Agreement.

“Revolving Tranche-1 Facility” means, at any time, the aggregate amount of the
Revolving Tranche-1 Lenders’ Revolving Tranche-1 Commitments at such time.

“Revolving Tranche- 1 Lender” means, at any time, any Lender that has a
Revolving Tranche-1 Commitment at such time.

“Revolving Tranche-1 Loan” means each loan to the Borrower (a) made pursuant to
Section 2.01(c)(i) or (b) converted as Revolving Tranche-1 Loans pursuant to
Section 2.15(b).

“Revolving Tranche-1 Note” means a promissory note of the Borrower payable to
any Revolving Tranche- 1 Lender or its registered assigns, in substantially the
form of Exhibit C-3 hereto, evidencing the aggregate Indebtedness of the
Borrower to such Revolving Tranche-1 Lender resulting from the Revolving
Tranche-1 Loans made by such Revolving Tranche-1 Lender.

“Revolving Tranche-2 Borrowing” means a borrowing consisting of Revolving
Tranche-2 Loans of the same Type and, in the case of Eurocurrency Rate Loans,
having the same Interest Period made by each of the Revolving Tranche-2 Lenders
pursuant to Section 2.01(c)(ii) or Section 2.15(a).

 

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“Revolving Tranche-2 Commitment” means, as to each Revolving Tranche-2 Lender,
its obligation to (a) make Revolving Tranche-2 Loans to the Borrower pursuant to
Section 2.01(c)(ii), (b) purchase participations in L/C Obligations in respect
of Letters of Credit and (c) purchase participations in Swing Line Loans, in an
aggregate principal amount at any one time outstanding not to exceed the amount
set forth, and opposite such Lender’s name on Schedule 2.01(c) under the caption
“Revolving Tranche-2 Commitment” or in the Assignment and Assumption pursuant to
which such Lender becomes a party hereto, as applicable, as such amount may be
adjusted from time to time in accordance with this Agreement. The aggregate
Revolving Tranche -2 Commitments of all Revolving Tranche- 2 Lenders shall be
$200,250,000 on the Amendment No. 1 Effective Date, as such amount may be
adjusted from time to time in accordance with the terms of this Agreement.

“Revolving Tranche-2 Condition” means, with respect to any Revolving Tranche-2
Loan, Revolving Tranche-2 Borrowing, Revolving Tranche-2 Letter of Credit or
Revolving Tranche-2 Swing Line Loan, or any reallocation of risk participation
of any Revolving Tranche -2 Letter of Credit or Revolving Tranche- 2 Swing Line
Loan, the condition that at the time of and after giving effect to the making of
such Revolving Tranche-2 Loan, Revolving Tranche-2 Borrowing or reallocation or
the issuance (or if applicable, renewal or amendment) of such Revolving
Tranche-2 Letter of Credit, each Revolving Tranche-2 Lender’s Pro Rata Share
(calculated as if Revolving Tranche-1 Lenders’ Pro Rata Share of the risk
participation in respect of any Revolving Tranche-2 Letter of Credit is zero) of
the Outstanding Amount of all L/C Obligations, plus such Revolving Tranche-2
Lender’s Pro Rata Share (calculated as if Revolving Tranche-1 Lenders’ Pro Rata
Share of the risk participation in respect of any Revolving Tranche-2 Swing Line
Loan is zero) of the Outstanding Amount of all Swing Line Loans, plus the
Outstanding Amount of such Revolving Tranche- 2 Lender’s Revolving Tranche-2
Loans, does not exceed such Revolving Tranche-2 Lenders’ Revolving Tranche-2
Commitment.

“Revolving Tranche-2 Facility” means, at any time, the aggregate amount of the
Revolving Tranche-2 Lenders’ Revolving Tranche-2 Commitments at such time.

“Revolving Tranche- 2 Lender” means, at any time, any Lender that has a
Revolving Tranche-2 Commitment at such time.

“Revolving Tranche-2 Letter of Credit” means any Letter of Credit requested to
be issued or renewed by the Borrower that at the time of such request would
expire on a day later than the day that is five (5) Business Days prior to the
scheduled Maturity Date then in effect for the Revolving Tranche-1 Facility (or,
if such day is not a Business Day, the next preceding Business Day).

“Revolving Tranche-2 Loan” means each loan to the Borrower (a) made pursuant to
Section 2.01(c)(ii) or (b) converted as Revolving Tranche-2 Loans pursuant to
Section 2.15(a).

“Revolving Tranche-2 Note” means a promissory note of the Borrower payable to
any Revolving Tranche- 2 Lender or its registered assigns, in substantially the
form of Exhibit C-3 hereto, evidencing the aggregate Indebtedness of the
Borrower to such Revolving Tranche-2 Lender resulting from the Revolving
Tranche-2 Loans made by such Revolving Tranche-2 Lender.

 

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“Revolving Tranche- 2 Swing Line Loan” means any Swing Line Loan requested by
the Borrower that at the time of such request would expire on a day later than
the scheduled Maturity Date then in effect for the Revolving Tranche-1
Facility.promissory note of the Borrower payable to any Revolving Credit Lender
or its registered assigns, in substantially the form of Exhibit C-3 hereto,
evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit
Lender resulting from the Revolving Credit Loans made by such Revolving Credit
Lender.

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc., and any successor thereto.

“Same Day Funds” means (a) with respect to disbursements and payments in
Dollars, immediately available funds, and (b) with respect to disbursements and
payments in Euros, same day or other funds as may be determined by the
Administrative Agent to be customary in the place of disbursement or payment for
the settlement of international banking transactions in Euros.

“Scheduled Disposition” has the meaning specified in Section 7.05(k).

“SEC” means the Securities and Exchange Commission, or any Governmental
Authority succeeding to any of its principal functions.

“Second Lien Intercreditor Agreement” means an intercreditor agreement by and
among the Collateral Agent and the collateral agents or other representatives
for the holders of Indebtedness secured by Liens that are intended to rank
junior to the Liens securing the Obligations and that are otherwise permitted
pursuant to Section 7.01 providing that all proceeds of Collateral enforcement
shall first be applied to repay the Obligations in full prior to being applied
to any obligations under the Indebtedness secured by such junior Liens and that
until the termination of the Aggregate Commitments and the repayment in full (or
cash collateralization of Letters of Credit) of all Obligations outstanding
under this Agreement or the expiration of a customary standstill period, the
Collateral Agent shall have the sole right to exercise remedies against the
Collateral (subject to customary exceptions for limited protective actions that
may be taken by the holders of such junior Lien Indebtedness) and otherwise in
form and substance reasonably satisfactory to the Collateral Agent.

“Section 2.16 Additional Agreement” has the meaning specified in Section
2.16(c).

“Section 2.18 Additional Agreement” has the meaning specified in Section
2.18(c).

“Secured Hedge Agreement” means any Swap Contract permitted under
Section 7.03(f) that is entered into by and between any Loan Party or any
Restricted Subsidiary and any Hedge Bank.

 

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“Swing Line Lender” means MSSF, in its capacity as provider of Swing Line Loans,
or any successor swing line lender hereunder.

“Swing Line Loan” has the meaning specified in Section 2.04(a).

“Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to
Section 2.04(b), which, if in writing, shall be substantially in the form of
Exhibit B.

“Swing Line Obligations” means, as at any date of determination, the aggregate
principal amount of all Swing Line Loans outstanding.

“Swing Line Sublimit” means an amount equal to the lesser of (a) $25,000,000 and
(b) the aggregate principal amount of the Revolving Credit Commitments. The
Swing Line Sublimit is part of, and not in addition to, the Revolving Credit
Commitments.

“Syndication Agent” means Goldman Sachs Credit Partners L.P., as Syndication
Agent under this Agreement.

“TARGET Day” means any day on which the Trans-European Automated Real-time Gross
Settlement Express Transfer (TARGET) payment system (or, if such payment system
ceases to be operative, such other payment system (if any) determined by the
Administrative Agent to be a suitable replacement) is open for the settlement of
payments in Euro.

“Taxes” has the meaning specified in Section 3.01(a).

“Term Borrowing” means a Dollar Term Borrowing and/or a Euro Term Borrowing, as
the context may require.

“Term Commitment” means a Dollar Term Commitment and/or a Euro Term Commitment,
as the context may require.

“Term Extension Agreement” has the meaning specified in Section 2.18(c).

“Term Extension Election” has the meaning specified in Section 2.18(b).

“Term Extension Series” shall mean all Extended Term Loans that are established
pursuant to the same Term Extension Agreement (or any subsequent Term Extension
Agreement to the extent such Term Extension Agreement expressly provides that
the Extended Term Loans, provided for therein are intended to be a part of any
previously established Term Extension Series) and that provide for the same
interest margins, extension fees, if any, and amortization schedule.

“Term Lender” means a Dollar Term Lender and/or a Euro Term Lender, as the
context may require.

“Term Loan” means a Dollar Term Loan and/or a Euro Term Loan, as the context may
require.

 

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“Term Loan Extension Request” has the meaning specified in Section 2.18(a).

“Term Note” means a Dollar Term Note or a Euro Term Note, a the context may
require.

“Test Period” in effect at any time shall mean the most recent period of four
consecutive fiscal quarters of the Borrower ended on or prior to such time
(taken as one accounting period) in respect of which financial statements for
each quarter or fiscal year in such period have been or are required to be
delivered pursuant to Section 6.01(a) or (b); provided that, prior to the first
date that financial statements have been or are required to be delivered
pursuant to Section 6.01(a) or (b), the Test Period in effect shall be the
period of four consecutive fiscal quarters of the Transferred Entities ended
December 31, 2006. A Test Period may be designated by reference to the last day
thereof (i.e., the “March 31, 2007 Test Period” refers to the period of four
consecutive fiscal quarters of the Borrower ended March 31, 2007), and a Test
Period shall be deemed to end on the last day thereof.

“Threshold Amount” means $25,000,000.

“Total Assets” means the total assets of the Borrower and the Restricted
Subsidiaries on a consolidated basis, as shown on the most recent balance sheet
of the Borrower delivered pursuant to Section 6.01(a) or (b) or, for the period
prior to the time any such statements are so delivered pursuant to
Section 6.01(a) or (b), the pro forma financial statements of the Borrower
giving effect to the Transaction as set forth in the Offering Memorandum dated
April 4, 2007, relating to the High Yield Notes.

“Total Leverage Ratio” means, with respect to any Test Period, the ratio of
(a) Consolidated Total Debt as of the last day of such Test Period to
(b) Consolidated EBITDA of the Borrower for such Test Period.

“Total Outstandings” means the aggregate Outstanding Amount of all Loans and all
L/C Obligations.

“Transaction” means, collectively, (a) the Equity Contribution, (b) the
Acquisition, (c) the issuance of the High Yield Notes, (d) the funding of the
Term Loans and the Initial Revolving Borrowing on the Closing Date, (e) the
consummation of any other transactions in connection with the foregoing, and
(f) the payment of the fees and expenses incurred in connection with any of the
foregoing.

“Transaction Expenses” means any fees or expenses incurred or paid by Holdings,
the Borrower, or any Restricted Subsidiary in connection with the Transaction,
this Agreement and the other Loan Documents and the transactions contemplated
hereby and thereby.

“Transferred Companies” means collectively, Cardinal Health 409, Inc. and
Cardinal Health P.R. 410, Inc.

“Transferred Entities” means collectively, the Transferred Companies together
with their Subsidiaries.

 

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Agent shall reasonably determine or the Required Lenders shall reasonably
require, and shall promptly notify the Borrower and the Lenders of each Dollar
Amount or Euro Amount, as the case may be, so determined by it. Each such
determination shall be based on the Exchange Rate (x) on the date of the related
Committed Loan Notice for purposes of the initial such determination for any
Loan and (y) on the second Business Day prior to the date as of which such
Dollar Amount or Euro Amount, as the case may be, is to be determined, for
purposes of any subsequent determination.

ARTICLE II

The Commitments and Credit Extensions

SECTION 2.01. The Loans.

(a) (i) The Dollar Term-1 Borrowings. Subject to the terms and conditions set
forth herein, each Dollar Term- 1 Lender severally agrees to make to the
Borrower a single loan (which will be converted into Extended Dollar Term-1
Loans and Non-Extended Dollar Term-1 Loans pursuant to Section 2.17(a) and
Section 2.17(b)) denominated in Dollars in a principal amount equal to such Term
Lender’s Dollar Term-1 Commitment on the Closing Date. Amounts borrowed under
this Section 2.01(a)(i) and repaid or prepaid may not be reborrowed. Dollar
Term-1 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further
provided herein.

(ii) The Dollar Term-2 Borrowings. Subject to the terms and conditions set forth
herein, each Dollar Term-2 Lender severally agrees to make to the Borrower a
single loan denominated in Dollars in a principal amount equal to such Term
Lender’s Dollar Term-2 Commitment on the Amendment No. 2 Effective Date. Amounts
borrowed under this Section 2.01(a)(ii) and repaid or prepaid may not be
reborrowed. Dollar Term-2 Loans may be Base Rate Loans or Eurocurrency Rate
Loans, as further provided herein.

(b) The Euro Term Borrowings. Subject to the terms and conditions set forth
herein, each Euro Term Lender severally agrees to make to the Borrower a single
loan (which will be converted into Extended Euro Term Loans and Non-Extended
Euro Term Loans pursuant to Section 2.17(c) and Section 2.17(d)) denominated in
Euros in a principal amount equal to such Term Lender’s Euro Term Commitment on
the Closing Date. Amounts borrowed under this Section 2.01(b) and repaid or
prepaid may not be reborrowed. Euro Term Loans must be Eurocurrency Rate Loans,
as further provided herein.

(c) (i) The Revolving Tranche-1Credit Borrowings. Subject to the terms and
conditions set forth herein, each Revolving Tranche-1Credit Lender severally
agrees to make loans to the Borrower as elected by the Borrower pursuant to
Section 2.02 (each such loan, a “Revolving Credit Loan”) from time to time, on
any Business Day after the Closing Date until the Maturity Date with respect
to(provided that each Revolving Credit Lender agrees to make the Initial
Revolving Tranche-1 FacilityBorrowing, at the request of the Borrower, on the
Closing Date), in an aggregate principal amount not to exceed at any time
outstanding the amount of such Lender’s Revolving Tranche-1Credit Commitment;
provided that, after giving effect to any Revolving Tranche-1Credit Borrowing,
the aggregate Outstanding Amount of the Revolving

 

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Tranche- 1Credit Loans of any Lender, plus such Revolving Tranche-1Credit
Lender’s Pro Rata Share of the Outstanding Amount of all L/C Obligations, plus
such Revolving Tranche-1Credit Lender’s Pro Rata Share of the Outstanding Amount
of all Swing Line Loans shall not exceed such Revolving Tranche-1 Lender’s
Revolving Tranche-1Credit Lender’s Revolving Credit Commitment. Within the
limits of each Revolving Tranche-1 Lender’s Revolving Tranche-1Credit Lender’s
Revolving Credit Commitment, and subject to the other terms and conditions
hereof, the Borrower may borrow under this Section 2.01(c)(i), prepay under
Section 2.05 and reborrow under this Section 2.01(c)(i). Revolving
Tranche-1Credit Loans may be Base Rate Loans or Eurocurrency Rate Loans, as
further provided herein.

(ii) The Revolving Tranche-2 Borrowings. Subject to the terms and conditions set
forth herein, each Revolving Tranche-2 Lender severally agrees to make loans to
the Borrower as elected by the Borrower pursuant to Section 2.02 from time to
time, on any Business Day after the Closing Date until the Maturity Date with
respect to the Revolving Tranche-2 Facility, in an aggregate amount not to
exceed at any time outstanding the amount of such Lender’s Revolving Tranche-2
Commitment; provided that, after giving effect to any Revolving Tranche -2
Borrowing, (x) the aggregate Outstanding Amount of the Revolving Tranche-2 Loans
of any Lender, plus such Revolving Tranche-2 Lender’s Pro Rata Share of the
Outstanding Amount of all L/C Obligations, plus such Revolving Tranche-2
Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans shall
not exceed such Revolving Tranche-2 Lender’s Revolving Tranche-2 Commitment and
(y) the Revolving Tranche-2 Condition shall be satisfied. Within the limits of
each Revolving Tranche-2 Lender’s Revolving Tranche-2 Commitment, and subject to
the other terms and conditions hereof, the Borrower may borrow under this
Section 2.01(c)(ii), prepay under Section 2.05 and reborrow under this
Section 2.01(c)(ii). Revolving Tranche- 2 Loans may be Base Rate Loans or
Eurocurrency Rate Loans, as further provided herein. For the avoidance of doubt,
(A) prior to Maturity Date of the Revolving Tranche-1 Facility, all borrowings
of Revolving Credit Loans under this Section 2.01(c) shall be made by each
Lender with a Revolving Tranche-1 Commitment and Revolving Tranche-2 Commitment
pro rata based on each such Lender’s Pro Rata Share without regard to the Class
of the Revolving Credit Commitments held by such Lender, provided that if such
pro rata allocation in respect of any borrowing cannot be made solely because
the Revolving Tranche -2 Condition with respect thereto is not satisfied, the
amount of such borrowing shall be reduced to the extent necessary so that the
Revolving Tranche-2 Condition with respect thereto is satisfied in order to
achieve such pro rata allocation and (B) (i) the Pro Rata Share of each
Revolving Credit Loan and each Revolving Credit Commitment of a Revolving
Tranche- 2 Lender shall be treated for all purposes of this Agreement as a
Revolving Tranche-2 Loan and a Revolving Tranche-2 Commitment, respectively, and
(ii) the Pro Rata Share of each Revolving Credit Loan and each Revolving Credit
Commitment of a Revolving Tranche-1 Lender shall be treated for all purposes of
this Agreement as a Revolving Tranche-1 Loan and a Revolving Tranche-1
Commitment, respectively.

SECTION 2.02. Borrowings, Conversions and Continuations of Loans.

(a) Each Term Borrowing, each Revolving Credit Borrowing, each conversion of
Term Loans or Revolving Credit Loans from one Type to the other, and each
continuation of Eurocurrency Rate Loans shall be made upon the Borrower’s
irrevocable notice to the Administrative Agent, which may be given by telephone.
Each such notice must be

 

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received by the Administrative Agent not later than 12:00 noon (New York, New
York time, or London, England time in the case of any Borrowing denominated in
Euros) (i) three (3) Business Days prior to the requested date of any Borrowing
or continuation of Eurocurrency Rate Loans or any conversion of Base Rate Loans
to Eurocurrency Rate Loans, and (ii) one (1) Business Day before the requested
date of any Borrowing of Base Rate Loans. Each telephonic notice by the Borrower
pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the
Administrative Agent of a written Committed Loan Notice, appropriately completed
and signed by a Responsible Officer of the Borrower. Each Borrowing of,
conversion to or continuation of Eurocurrency Rate Loans shall be in a principal
amount of $2,500,000 or a whole multiple of $500,000 in excess thereof in the
case of Dollar Term Loans (or comparable amounts determined by the
Administrative Agent in the case of Euro Term Loans). Except as provided in
Sections 2.03(c) and 2.04(c), each Borrowing of or conversion to Base Rate Loans
shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in
excess thereof. Each Committed Loan Notice (whether telephonic or written) shall
specify (i) whether the Borrower is requesting a Dollar Term-1 Borrowing, Dollar
Term-2 Borrowing, a Euro Term Borrowing, a Revolving Tranche-1 Borrowing, a
Revolving Tranche-2Credit Borrowing, a conversion of Dollar Term-1 Loans, Dollar
Term-2 Loans, Euro Term Loans, Revolving Tranche-1 Loans or Revolving
Tranche-2Credit Loans from one Type to the other, or a continuation of
Eurocurrency Rate Loans, (ii) in the case of a Term Borrowing, the currency in
which the Loans to be borrowed are to be denominated, (iii) the requested date
of the Borrowing, conversion or continuation, as the case may be (which shall be
a Business Day), (iv) the principal amount of Loans to be borrowed, converted or
continued, (v) the Type of Loans to be borrowed or to which existing Term Loans
or Revolving Credit Loans are to be converted, and (vi) if applicable, the
duration of the Interest Period with respect thereto. If, with respect to Loans
denominated in Dollars, the Borrower fails to specify a Type of Loan in a
Committed Loan Notice or fails to give a timely notice requesting a conversion
or continuation, then the applicable Term Loans or Revolving Credit Loans shall
be made as, or converted to, Base Rate Loans. Any such automatic conversion to
Base Rate Loans shall be effective as of the last day of the Interest Period
then in effect with respect to the applicable Eurocurrency Rate Loans. If the
Borrower requests a Borrowing of, conversion to, or continuation of Eurocurrency
Rate Loans in any such Committed Loan Notice, but fails to specify an Interest
Period (or fails to give timely notice requesting a continuation of Eurocurrency
Rate Loans denominated in Euros), it will be deemed to have specified an
Interest Period of one (1) month. If no currency is specified, the requested
Borrowing shall be in Dollars.

(b) Following receipt of a Committed Loan Notice, the Administrative Agent shall
promptly notify each Lender of the amount of its Pro Rata Share of the
applicable Class of Loans, and if no timely notice of a conversion or
continuation is provided by the Borrower, the Administrative Agent shall notify
each Lender of the details of any automatic conversion to Base Rate Loans or
continuation described in Section 2.02(a). In the case of each Borrowing, each
Appropriate Lender shall make the amount of its Loan available to the
Administrative Agent in Same Day Funds at the Administrative Agent’s Office for
the applicable currency not later than 1:00 p.m., in the case of any Loan
denominated in Dollars, and not later than 1:00 p.m. (London time), in the case
of any Loan in Euros, in each case on the Business Day specified in the
applicable Committed Loan Notice. Upon satisfaction of the applicable conditions
set forth in Section 4.02 (and, if such Borrowing is the initial Credit
Extension, Section 4.01), the Administrative Agent shall make all funds so
received available to the Borrower in like funds as

 

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Section 2.02(g) shall be conclusive in the absence of manifest error. If such
Lender’s portion of such Borrowing is not made available to the Administrative
Agent by such Lender within three Business Days after such the date of such
Borrowing, the Administrative Agent shall also be entitled to recover such
amount with interest thereon accruing from the date on which the Administrative
Agent made the funds available to the Borrower at the rate per annum applicable
to ABR Loans under the relevant Facility, on demand, from the Borrower. If such
Lender shall repay to the Administrative Agent such corresponding amount, such
amount shall constitute such Lender’s Loan as part of such Borrowing for
purposes of this Agreement, and the Borrower’s obligation to repay the
Administrative Agent such corresponding amount pursuant to this Section 2.02(g)
shall cease.

(h) (h) Notwithstanding anything to the contrary, with respect to the
conversions of Revolving Credit Loans into Revolving Tranche-1 Loans and
Revolving Tranche- 2(i) Dollar Term-1 Loans into Extended Dollar Term-1 Loans
and Non-Extended Dollar Term-1 Loans and (ii) Euro Term Loans into Extended Euro
Term Loans and Non-Extended Euro Term Loans pursuant to Section 2.152.17,
respectively (A) no Committed Loan Notice shall be required to effect any such
conversion and no actual transfer of funds shall be made and (B) in the case of
any Eurocurrency Rate Loans existing immediately prior to the Amendment No. 13
Effective Date, such Eurocurrency Rate Loans shall be deemed to have continued
as an Eurocurrency Rate Loans notwithstanding such conversion, and to the extent
such conversion occurs during the middle of an Interest Period with respect to
any such existing Eurocurrency Rate Loans, (x) the continuing Eurocurrency Rate
Loans that are Revolving TrancheExtended Dollar Term-1 Loans or Revolving
Tranche-2Non-Extended Dollar Term-1 Loans shall be allocated ratably to the same
Interest Period or Interest Periods as such existing Eurocurrency Rate Loans
that are Revolving CreditDollar Term Loans and shall be deemed to bear interest
at the same Eurocurrency Rate or Eurocurrency Rates then in effect for such
existing Eurocurrency Rate Loans that are Revolving CreditDollar Term Loans plus
the Applicable Rate in effect for such Revolving Tranche-1 Loans or Revolving
Tranche -2Extended Dollar Term-1 Loans or Non-Extended Dollar Term-1 Loans, as
applicable, for the remainder of such Interest Periods, (y) the continuing
Eurocurrency Rate Loans that are Extended Euro Term Loans or Non-Extended Euro
Term Loans shall be allocated ratably to the same Interest Period or Interest
Periods as such existing Eurocurrency Rate Loans that are Euro Term Loans and
shall be deemed to bear interest at the same Eurocurrency Rate or Eurocurrency
Rates then in effect for such existing Eurocurrency Rate Loans that are Euro
Term Loans plus the Applicable Rate in effect for such Extended Euro Term Loans
or Non-Extended Euro Term Loans, as applicable, for the remainder of such
Interest Periods.

SECTION 2.03. Letters of Credit.

(a) The Letter of Credit Commitments.

(i) Subject to the terms and conditions set forth herein, (1) each L/C Issuer
agrees, in reliance upon the agreements of the other Revolving Credit Lenders
set forth in this Section 2.03, (x) from time to time on any Business Day during
the period from the Closing Date until the Letter of Credit Expiration Date
applicable to Letters of Credit issued under the Revolving Credit Facility, to
issue Letters of Credit for the account of the Borrower (provided that any
Letter of Credit may be for the benefit of any Subsidiary of the Borrower) and
to amend

 

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or renew Letters of Credit previously issued by it, in accordance with
Section 2.03(b), and (y) to honor drafts under the Letters of Credit and (2) the
Revolving Credit Lenders severally agree to participate in Letters of Credit
issued pursuant to this Section 2.03; provided that no L/C Issuer shall be
obligated to make any L/C Credit Extension with respect to any Letter of Credit,
and no Lender shall be obligated to participate in any Letter of Credit if after
giving effect to such L/C Credit Extension, (x) the Revolving Credit Exposure of
any Lender would exceed such Lender’s Revolving Credit Commitment, or (y) the
Outstanding Amount of the L/C Obligations would exceed the Letter of Credit
Sublimit. Within the foregoing limits, and subject to the terms and conditions
hereof, the Borrower’s ability to obtain Letters of Credit shall be fully
revolving, and accordingly the Borrower may, during the foregoing period, obtain
Letters of Credit to replace Letters of Credit that have expired or that have
been drawn upon and reimbursed, or (z) the Revolving Tranche-2 Condition would
not be satisfied.

(ii) An L/C Issuer shall be under no obligation to issue any Letter of Credit
if:

(A) any order, judgment or decree of any Governmental Authority or arbitrator
shall by its terms purport to enjoin or restrain such L/C Issuer from issuing
such Letter of Credit, or any Law applicable to such L/C Issuer or any directive
(whether or not having the force of law) from any Governmental Authority with
jurisdiction over such L/C Issuer shall prohibit, or direct that such L/C Issuer
refrain from, the issuance of letters of credit generally or such Letter of
Credit in particular or shall impose upon such L/C Issuer with respect to such
Letter of Credit any restriction, reserve or capital requirement (for which such
L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing
Date, or shall impose upon such L/C Issuer any unreimbursed loss, cost or
expense which was not applicable on the Closing Date (for which such L/C Issuer
is not otherwise compensated hereunder);

(B) subject to Section 2.03(b)(iii), the expiry date of such requested Letter of
Credit (other than the Letters of Credit listed on Schedule 2.03(a)(ii)(B))
would occur more than twelve months after the date of issuance or last renewal,
unless the Required Lenders have approved such expiry date;

(C) the expiry date of such requested Letter of Credit would occur after
applicable Letter of Credit Expiration Date, unless all the applicable Revolving
Credit Lenders have approved such expiry date; or

(D) the issuance of such Letter of Credit would violate any Laws binding upon
such L/C Issuer.

(iii) An L/C Issuer shall be under no obligation to amend any Letter of Credit
if (A) such L/C Issuer would have no obligation at such time to issue such
Letter of Credit in its amended form under the terms hereof, or (B) the
beneficiary of such Letter of Credit does not accept the proposed amendment to
such Letter of Credit.

(b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Renewal
Letters of Credit.

 

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(i) Each Letter of Credit shall be issued or amended, as the case may be, upon
the request of the Borrower delivered to an L/C Issuer (with a copy to the
Administrative Agent) in the form of a Letter of Credit Application,
appropriately completed and signed by a Responsible Officer of the Borrower.
Such Letter of Credit Application must be received by the relevant L/C Issuer
and the Administrative Agent not later than 12:00 noon at least two (2) Business
Days prior to the proposed issuance date or date of amendment, as the case may
be; or, in each case, such later date and time as the relevant L/C Issuer may
agree in a particular instance in its sole discretion. In the case of a request
for an initial issuance of a Letter of Credit, such Letter of Credit Application
shall specify in form and detail reasonably satisfactory to the relevant L/C
Issuer: (a) the proposed issuance date of the requested Letter of Credit (which
shall be a Business Day); (b) the amount thereof; (c) the expiry date thereof;
(d) the name and address of the beneficiary thereof; (e) the documents to be
presented by such beneficiary in case of any drawing thereunder; (f) the full
text of any certificate to be presented by such beneficiary in case of any
drawing thereunder; and (g) such other matters as the relevant L/C Issuer may
reasonably request. In the case of a request for an amendment of any outstanding
Letter of Credit, such Letter of Credit Application shall specify in form and
detail reasonably satisfactory to the relevant L/C Issuer (1) the Letter of
Credit to be amended; (2) the proposed date of amendment thereof (which shall be
a Business Day); (3) the nature of the proposed amendment; and (4) such other
matters as the relevant L/C Issuer may reasonably request.

(ii) Promptly after receipt of any Letter of Credit Application, the relevant
L/C Issuer will confirm with the Administrative Agent (by telephone or in
writing) that the Administrative Agent has received a copy of such Letter of
Credit Application from the Borrower and, if not, such L/C Issuer will provide
the Administrative Agent with a copy thereof. Upon receipt by the relevant L/C
Issuer of confirmation from the Administrative Agent that the requested issuance
or amendment is permitted in accordance with the terms hereof, then, subject to
the terms and conditions hereof, such L/C Issuer shall, on the requested date,
issue a Letter of Credit for the account of the Borrower or enter into the
applicable amendment, as the case may be. Immediately upon the issuance of each
Letter of Credit, each Revolving Credit Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, acquire from the relevant L/C Issuer
a risk participation in such Letter of Credit in an amount equal to the product
of such Revolving Credit Lender’s Pro Rata Share (regardless of the Class of
Revolving Credit Commitments held by such Lender) times the amount of such
Letter of Credit; provided, that effective upon the occurrence of the Maturity
Date in respect of the Revolving Tranche-1 Facility, subject to the satisfaction
of the Revolving Tranche-2 Condition, the value of the participations of
Revolving Tranche-1 Lenders hereunder shall be automatically reallocated,
without further action by any party hereto, to the Revolving Tranche-2 Lenders
on a pro rata basis, and each such Revolving Tranche-2 Lender shall be deemed,
without further action by any party hereto, to have purchased from the relevant
L/C Issuer a participation in such L/C Obligations in an amount equal to the
product of such Lender’s Pro Rata Share times the amount of such L/C
Obligations.

(iii) If the Borrower so requests in any applicable Letter of Credit
Application, the relevant L/C Issuer shall agree to issue a Letter of Credit
that has automatic renewal provisions (each, an “Auto-Renewal Letter of
Credit”); provided that any such Auto-Renewal Letter of Credit must permit the
relevant L/C Issuer to prevent any such renewal at least once in each
twelve-month period (commencing with the date of issuance of such Letter of
Credit) by

 

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giving prior notice to the beneficiary thereof not later than a day (the
“Nonrenewal Notice Date”) in each such twelve-month period to be agreed upon at
the time such Letter of Credit is issued. Unless otherwise directed by the
relevant L/C Issuer, the Borrower shall not be required to make a specific
request to the relevant L/C Issuer for any such renewal. Once an Auto-Renewal
Letter of Credit has been issued, the applicable Lenders shall be deemed to have
authorized (but may not require) the relevant L/C Issuer to permit the renewal
of such Letter of Credit at any time to an expiry date not later than the
applicable Letter of Credit Expiration Date; provided that the relevant L/C
Issuer shall not permit any such renewal if (A) the relevant L/C Issuer has
determined that it would have no obligation at such time to issue such Letter of
Credit in its renewed form under the terms hereof (by reason of the provisions
of Section 2.03(a)(ii) or otherwise), or (B) it has received notice (which may
be by telephone or in writing) on or before the day that is five (5) Business
Days before the Nonrenewal Notice Date from the Administrative Agent or any
Revolving Credit Lender, as applicable, or the Borrower that one or more of the
applicable conditions specified in Section 4.02 is not then satisfied.

(iv) Promptly after its delivery of any Letter of Credit or any amendment to a
Letter of Credit to an advising bank with respect thereto or to the beneficiary
thereof, the relevant L/C Issuer will also deliver to the Borrower and the
Administrative Agent a true and complete copy of such Letter of Credit or
amendment.

(c) Drawings and Reimbursements; Funding of Participations.

(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a
drawing under such Letter of Credit, the relevant L/C Issuer shall notify
promptly the Borrower and the Administrative Agent thereof. On the Business Day
on which the Borrower shall have received notice of any payment by an L/C Issuer
under a Letter of Credit (or, if the Borrower shall have received such notice
later than 10:00 a.m. on any Business Day, on the immediately following Business
Day) (each such date, an “Honor Date”), the Borrower shall reimburse such L/C
Issuer through the Administrative Agent in an amount equal to the amount of such
drawing. If the Borrower fails to so reimburse such L/C Issuer by such time, the
Administrative Agent shall promptly notify each Appropriate Lender of the Honor
Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and
the amount of such Appropriate Lender’s Pro Rata Share (regardless of the Class
of Revolving Credit Commitments held by such Lender) thereof. In such event, the
Borrower shall be deemed to have requested a Revolving Credit Borrowing of Base
Rate Loans to be disbursed on the Honor Date in an amount equal to the
Unreimbursed Amount, without regard to the minimum and multiples specified in
Section 2.02 for the principal amount of Eurocurrency Rate Loans or Base Rate
Loans, but subject to the amount of the unutilized portion of the Revolving
Credit Commitments of the Appropriate Lenders and Revolving Credit Lenders, and
subject to the conditions set forth in Section 4.02 (other than the delivery of
a Committed Loan Notice). Any notice given by an L/C Issuer or the
Administrative Agent pursuant to this Section 2.03(c)(i) may be given by
telephone if immediately confirmed in writing; provided that the lack of such an
immediate confirmation shall not affect the conclusiveness or binding effect of
such notice.

(ii) Each Revolving Credit Lender (including any such Lender acting as an L/C
Issuer) shall upon any notice pursuant to Section 2.03(c)(i) make funds
available to the Administrative Agent for the account of the relevant L/C Issuer
at the Administrative Agent’s

 

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Office for payments in an amount equal to its Pro Rata Share (regardless of the
Class of Revolving Credit Commitments held by such Lender) of any Unreimbursed
Amount in respect of a Letter of Credit not later than 1:00 p.m. on the Business
Day specified in such notice by the Administrative Agent, whereupon, subject to
the provisions of Section 2.03(c)(iii), each Revolving Credit Lender that so
makes funds available shall be deemed to have made a Base Rate Loan to the
Borrower in such amount. The Administrative Agent shall remit the funds so
received to the relevant L/C Issuer.

(iii) With respect to any Unreimbursed Amount in respect of a Letter of Credit
that is not fully refinanced by a Revolving Credit Borrowing of Base Rate Loans
because the conditions set forth in Section 4.02 cannot be satisfied or for any
other reason, the Borrower shall be deemed to have incurred from the relevant
L/C Issuer a L/C Borrowing in the amount of the Unreimbursed Amount that is not
so refinanced, which L/C Borrowing shall be due and payable on demand (together
with interest) and shall bear interest at the Default Rate. In such event, each
Revolving Credit Lender’s payment to the Administrative Agent for the account of
the relevant L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment
in respect of its participation in such L/C Borrowing and shall constitute an
L/C Advance from such Lender in satisfaction of its participation obligation
under this Section 2.03.

(iv) Until each Revolving Credit Lender funds its Revolving Credit Loan or L/C
Advance pursuant to this Section 2.03(c) to reimburse the relevant L/C Issuer
for any amount drawn under any Letter of Credit, interest in respect of such
Lender’s Pro Rata Share (regardless of the Class of Revolving Credit Commitments
held by such Lender) of such amount shall be solely for the account of the
relevant L/C Issuer.

(v) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or
L/C Advances to reimburse an L/C Issuer for amounts drawn under Letters of
Credit, as contemplated by this Section 2.03(c), shall be absolute and
unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right which such Lender may
have against the relevant L/C Issuer, the Borrower or any other Person for any
reason whatsoever; (B) the occurrence or continuance of a Default; or (C) any
other occurrence, event or condition, whether or not similar to any of the
foregoing; provided that each Revolving Credit Lender’s obligation to make
Revolving Credit Loans pursuant to this Section 2.03(c) is subject to the
conditions set forth in Section 4.02 (other than delivery by the Borrower of a
Committed Loan Notice). No such making of an L/C Advance shall relieve or
otherwise impair the obligation of the Borrower to reimburse the relevant L/C
Issuer for the amount of any payment made by such L/C Issuer under any Letter of
Credit, together with interest as provided herein.

(vi) If any Revolving Credit Lender fails to make available to the
Administrative Agent for the account of the relevant L/C Issuer any amount
required to be paid by such Lender pursuant to the foregoing provisions of this
Section 2.03(c) by the time specified in Section 2.03(c)(ii), such L/C Issuer
shall be entitled to recover from such Lender (acting through the Administrative
Agent), on demand, such amount with interest thereon for the period from the
date such payment is required to the date on which such payment is immediately
available to such L/C Issuer at a rate per annum equal to the Federal Funds
Rate. A certificate of the relevant L/C Issuer submitted to any Revolving Credit
Lender (through the Administrative Agent) with respect to any amounts owing
under this Section 2.03(c)(vi) shall be conclusive absent manifest error.

 

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(vii) If, at any time after an L/C Issuer has made a payment under any Letter of
Credit and has received from any Revolving Credit Lender such Lender’s L/C
Advance in respect of such payment in accordance with this Section 2.03(c), the
Administrative Agent receives for the account of such L/C Issuer any payment in
respect of the related Unreimbursed Amount or interest thereon (whether directly
from the Borrower or otherwise, including proceeds of Cash Collateral applied
thereto by the Administrative Agent), the Administrative Agent will distribute
to such Lender its Pro Rata Share (regardless of the Class of Revolving Credit
Commitments held by such Lender) thereof (appropriately adjusted, in the case of
interest payments, to reflect the period of time during which such Lender’s L/C
Advance was outstanding) in the same funds as those received by the
Administrative Agent.

(viii) If any payment received by the Administrative Agent for the account of an
L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any
of the circumstances described in Section 10.06 (including pursuant to any
settlement entered into by such L/C Issuer in its discretion), each Revolving
Lender shall pay to the Administrative Agent for the account of such L/C Issuer
its Pro Rata Share (regardless of the Class of Revolving Credit Commitments held
by such Lender) thereof on demand of the Administrative Agent, plus interest
thereon from the date of such demand to the date such amount is returned by such
Lender, at a rate per annum equal to the Federal Funds Rate.

(d) Obligations Absolute. The obligation of the Borrower to reimburse the
relevant L/C Issuer for each drawing under each Letter of Credit issued by it
and to repay each L/C Borrowing shall be absolute, unconditional and
irrevocable, and shall be paid strictly in accordance with the terms of this
Agreement under all circumstances, including the following:

(i) any lack of validity or enforceability of such Letter of Credit, this
Agreement, or any other agreement or instrument relating thereto;

(ii) the existence of any claim, counterclaim, setoff, defense or other right
that any Loan Party or Guarantor may have at any time against any beneficiary or
any transferee of such Letter of Credit (or any Person for whom any such
beneficiary or any such transferee may be acting), the relevant L/C Issuer or
any other Person, whether in connection with this Agreement, the transactions
contemplated hereby or by such Letter of Credit or any agreement or instrument
relating thereto, or any unrelated transaction;

(iii) any draft, demand, certificate or other document presented under such
Letter of Credit proving to be forged, fraudulent, invalid or insufficient in
any respect or any statement therein being untrue or inaccurate in any respect;
or any loss or delay in the transmission or otherwise of any document required
in order to make a drawing under such Letter of Credit;

 

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(iv) any payment by the relevant L/C Issuer under such Letter of Credit against
presentation of a draft or certificate that does not strictly comply with the
terms of such Letter of Credit; or any payment made by the relevant L/C Issuer
under such Letter of investigation, regardless of any notice or information to
the contrary, and no L/C Issuer shall be responsible for the validity or
sufficiency of any instrument transferring or assigning or purporting to
transfer or assign a Letter of Credit or the rights or benefits thereunder or
proceeds thereof, in whole or in part, which may prove to be invalid or
ineffective for any reason.

(f) Cash Collateral. (i) If any Event of Default occurs and is continuing and
the Administrative Agent or the Required Lenders, as applicable, require the
Borrower to Cash Collateralize the L/C Obligations pursuant to Section 8.02(c)
or (ii) an Event of Default set forth under Section 8.01(f) or (g) occurs and is
continuing, then the Borrower shall Cash Collateralize the then Outstanding
Amount of all L/C Obligations (in an amount equal to such Outstanding Amount
determined as of the date of such Event of Default), and shall do so not later
than 2:00 p.m., New York City time, on (x) in the case of the immediately
preceding clause (i), (1) the Business Day that the Borrower receives notice
thereof, if such notice is received on such day prior to 12:00 noon, New York
City time, or (2) if clause (1) above does not apply, the Business Day
immediately following the day that the Borrower receives such notice and (y) in
the case of the immediately preceding clause (ii), the Business Day on which an
Event of Default set forth under Section 8.01(f) or (g) occurs or, if such day
is not a Business Day, the Business Day immediately succeeding such day. For
purposes hereof, “Cash Collateralize” means to pledge and deposit with or
deliver to the Administrative Agent, for the benefit of the relevant L/C Issuer
and the Revolving Credit Lenders, as collateral for the L/C Obligations, cash or
deposit account balances (“Cash Collateral”) pursuant to documentation in form
and substance reasonably satisfactory to the Administrative Agent and the
relevant L/C Issuer (which documents are hereby consented to by the Revolving
Credit Lenders). Derivatives of such term have corresponding meanings. The
Borrower hereby grants to the Administrative Agent, for the benefit of the L/C
Issuers and the Revolving Lenders, a security interest in all such cash, deposit
accounts and all balances therein and all proceeds of the foregoing. Cash
Collateral shall be maintained in blocked accounts at Bank of America, N.A. and
may be invested in readily available Cash Equivalents. If at any time the
Administrative Agent determines that any funds held as Cash Collateral are
subject to any right or claim of any Person other than the Administrative Agent
(on behalf of the Secured Parties) or that the total amount of such funds is
less than the aggregate Outstanding Amount of all L/C Obligations, the Borrower
will, forthwith upon demand by the Administrative Agent, pay to the
Administrative Agent, as additional funds to be deposited and held in the
deposit accounts at Bank of America, N.A. as aforesaid, an amount equal to the
excess of (a) such aggregate Outstanding Amount over (b) the total amount of
funds, if any, then held as Cash Collateral that the Administrative Agent
reasonably determines to be free and clear of any such right and claim. Upon the
drawing of any Letter of Credit for which funds are on deposit as Cash
Collateral, such funds shall be applied, to the extent permitted under
applicable Law, to reimburse the relevant L/C Issuer. To the extent the amount
of any Cash Collateral exceeds the then Outstanding Amount of such L/C
Obligations and so long as no Event of Default has occurred and is continuing,
the excess shall be refunded to the Borrower. If such Event of Default is cured
or waived and no other Event of Default is then occurring and continuing, the
amount of any Cash Collateral shall be refunded to the Borrower.

 

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(g) Letter of Credit Fees. The Borrower shall pay to the Administrative Agent
for the account of each Revolving Credit Lender in accordance with its Pro Rata
Share (regardless of the Class of Revolving Credit Commitments held by such
Lender) a Letter of Credit fee for each Letter of Credit issued pursuant to this
Agreement equal to the Applicable Rate times the daily maximum amount then
available to be drawn under such Letter of Credit (whether or not such maximum
amount is then in effect under such Letter of Credit if such maximum amount
increases periodically pursuant to the terms of such Letter of Credit). Such
letter of credit fees shall be computed on a quarterly basis in arrears. Such
letter of credit fees shall be due and payable on the first Business Day after
the end of each March, June, September and December, commencing with the first
such date to occur after the issuance of such Letter of Credit, on the Letter of
Credit Expiration Date relating to Letters of Credit and thereafter on demand.
If there is any change in the Applicable Rate during any quarter, the daily
maximum amount of each Letter of Credit shall be computed and multiplied by the
Applicable Rate separately for each period during such quarter that such
Applicable Rate was in effect.

(h) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers.
The Borrower shall pay directly to each L/C Issuer for its own account a
fronting fee with respect to each Letter of Credit issued by it equal to
0.125% per annum of the daily maximum amount then available to be drawn under
such Letter of Credit (whether or not such maximum amount is then in effect
under such Letter of Credit if such maximum amount increases periodically
pursuant to the terms of such Letter of Credit). Such fronting fees shall be
computed on a quarterly basis in arrears. Such fronting fees shall be due and
payable on the first Business Day after the end of each March, June, September
and December, commencing with the first such date to occur after the issuance of
such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on
demand. In addition, the Borrower shall pay directly to each L/C Issuer for its
own account the customary issuance, presentation, amendment and other processing
fees, and other standard costs and charges, of such L/C Issuer relating to
letters of credit as from time to time in effect. Such customary fees and
standard costs and charges are due and payable within ten (10) Business Days of
demand and are nonrefundable.

(i) Conflict with Letter of Credit Application. Notwithstanding anything else to
the contrary in any Letter of Credit Application, in the event of any conflict
between the terms hereof and the terms of any Letter of Credit Application, the
terms hereof shall control.

(j) Addition of an L/C Issuer. A Revolving Credit Lender may become an
additional L/C Issuer hereunder pursuant to a written agreement among the
Borrower, the Administrative Agent and such Revolving Credit Lender. The
Administrative Agent shall notify the Revolving Credit Lenders of any such
additional L/C Issuer.

(k) Cash Collateral At Maturity, Etc. (i) If the Maturity Date with respect to
the Revolving Tranche-2 Facility is on or later than the Maturity Date with
respect to the Revolving Tranche -1 Facility, and if on the Maturity Date with
respect to the Revolving Tranche-2 Facility, there are any outstanding L/C
Obligations, then the Borrower shall Cash Collateralize the then Outstanding
Amount of all such L/C Obligations (or make such other arrangements as shall be
reasonably satisfactory to the relevant L/C Issuer and the Revolving Tranche-2
Lenders) on such Maturity Date (or, if such day is not a Business Day, the
Business Day immediately succeeding such day).

 

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(ii) If the Maturity Date with respect to the Revolving Tranche-2 Facility is
prior to the Maturity Date with respect to the Revolving Tranche-1 Facility, and
if on the Maturity Date with respect to the Revolving Tranche-2 Facility, there
are any outstanding L/C Obligations with respect to Revolving Tranche- 2 Letters
of Credit, then the Borrower shall Cash Collateralize (or make such other
arrangements as shall be reasonably satisfactory to the relevant L/C Issuer and
the Revolving Credit Lenders) the then Outstanding Amount of all such L/C
Obligations on such Maturity Date (or, if such day is not a Business Day, the
Business Day immediately succeeding such day).

(iii) If the Maturity Date with respect to the Revolving Tranche-2 Facility is
prior to the Maturity Date with respect to the Revolving Tranche-1 Facility, and
if on the Maturity Date with respect to the Revolving Tranche-2 Facility, there
are any outstanding L/C Obligations with respect to Letters of Credit (other
than Revolving Tranche-2 Letters of Credit), then effective upon the Maturity
Date with respect to the Revolving Tranche-2 Facility, the value of the
participations of Revolving Tranche -2 Lenders hereunder with respect to such
Letters of Credit shall be automatically reallocated, without further action by
any party thereto, to the Revolving Tranche-1 Lenders on a pro rata basis, and
each such Revolving Tranche-1 Lender shall be deemed, without further action by
any party hereto, to have purchased from the relevant L/C Issuer a participation
in such L/C Obligations in an amount equal to the product of such Lender’s Pro
Rata Share times the amount of such L/C Obligations; provided that if after
giving effect to such reallocation, any Revolving Tranche-1 Lender’s Pro Rata
Share (calculated as if Revolving Tranche-2 Lenders’ Pro Rata Share of the risk
participation in respect of any such Letter of Credit is zero) of the
Outstanding Amount of all L/C Obligations, plus such Revolving Tranche-1
Lender’s Pro Rata Share of the Outstanding Amount of all Swing Line Loans, plus
the Outstanding Amount of such Revolving Tranche-1 Lender’s Revolving Tranche-1
Loans, would exceed such Revolving Tranche- 1 Lenders’ Revolving Tranche-1
Commitment, then the Borrower shall Cash Collateralize (or make such other
arrangements as shall be reasonably satisfactory to the relevant L/C Issuer and
the Revolving Tranche-1 Lenders) such excess amount of all such L/C Obligations
on such Maturity Date (or, if such day is not a Business Day, the Business Day
immediately succeeding such day), and such reallocation shall only apply to such
L/C Obligations less such excess amount.

SECTION 2.04. Swing Line Loans.

(a) The Swing Line. Subject to the terms and conditions set forth herein, the
Swing Line Lender agrees to make loans (each such loan, a “Swing Line Loan”) to
the Borrower from time to time on any Business Day (other than the Closing Date)
until the Maturity Date in an aggregate amount not to exceed at any time
outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that
such Swing Line Loans, when aggregated with the Pro Rata Share (regardless of
the Class of Revolving Credit Commitments held by such Lender) of the
Outstanding Amount of Revolving Credit Loans and L/C Obligations of the Lender
acting as Swing Line Lender, may exceed the amount of such Lender’s Revolving
Credit Commitment; provided that, after giving effect to any Swing Line Loan,
the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender,
plus such Lender’s Pro Rata Share (regardless of the Class of Revolving Credit
Commitments held by such Lender) of the Outstanding Amount of all L/C
Obligations, plus such Lender’s Pro Rata Share (regardless of the Class of
Revolving Credit Commitments held by such Lender) of the Outstanding Amount of
all Swing Line Loans shall not exceed such Lender’s Revolving Credit Commitment
then in effect, and the Revolving Tranche-2 Condition shall be satisfied;
provided further that, the

 

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Borrower shall not use the proceeds of any Swing Line Loan to refinance any
outstanding Swing Line Loan. Within the foregoing limits, and subject to the
other terms and conditions hereof, the Borrower may borrow under this
Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04.
Each Swing Line Loan shall be a Base Rate Loan. Immediately upon the making of a
Swing Line Loan, each Revolving Credit Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a
risk participation in such Swing Line Loan in an amount equal to the product of
such Lender’s Pro Rata Share (regardless of the Class of Revolving Credit
Commitments held by such Lender) times the amount of such Swing Line Loan;
provided, that effective upon the occurrence of the Maturity Date in respect of
the Revolving Tranche-1 Facility, subject to the satisfaction of the Revolving
Tranche -2 Condition, the value of the participations of Revolving Tranche-1
Lenders hereunder shall be automatically reallocated, without further action by
any party hereto, to the Revolving Tranche-2 Lenders on a pro rata basis, and
each such Revolving Tranche-2 Lender shall be deemed, without further action by
any party hereto, to have purchased from the Swing Line Lender a participation
in such Swing Line Loan in an amount equal to the product of such Lender’s Pro
Rata Share times the amount of such Swing Line Loan.

(b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the
Borrower’s irrevocable notice to the Swing Line Lender and the Administrative
Agent, which may be given by telephone. Each such notice must be received by the
Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the
requested borrowing date, and shall specify (i) the amount to be borrowed, which
shall be a minimum of $100,000 (and any amount in excess of $100,000 shall be an
integral multiple of $25,000), and (ii) the requested borrowing date, which
shall be a Business Day. Each such telephonic notice must be confirmed promptly
by delivery to the Swing Line Lender and the Administrative Agent of a written
Swing Line Loan Notice, appropriately completed and signed by a Responsible
Officer of the Borrower. Promptly after receipt by the Swing Line Lender of any
telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent
has also received such Swing Line Loan Notice and, if not, the Swing Line Lender
will notify the Administrative Agent (by telephone or in writing) of the
contents thereof. Unless the Swing Line Lender has received notice (by telephone
or in writing) from the Administrative Agent (including at the request of any
Revolving Credit Lender) prior to 2:00 p.m. on the date of the proposed Swing
Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line
Loan as a result of the limitations set forth in the first proviso to the first
sentence of Section 2.04(a), or (B) that one or more of the applicable
conditions specified in Section 4.02 is not then satisfied, then, subject to the
terms and conditions hereof, the Swing Line Lender will, not later than 3:00
p.m. on the borrowing date specified in such Swing Line Loan Notice, make the
amount of its Swing Line Loan available to the Borrower.

(c) Refinancing of Swing Line Loans.

(i) The Swing Line Lender at any time in its sole and absolute discretion may
request, on behalf of the Borrower (which hereby irrevocably authorizes the
Swing Line Lender to so request on its behalf), that each Revolving Credit
Lender make a Base Rate Loan in an amount equal to such Lender’s Pro Rata Share
(regardless of the Class of Revolving Credit Commitments held by such Lender) of
the amount of Swing Line Loans then outstanding. Such request shall be made in
writing (which written request shall be deemed to be a Committed Loan

 

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Notice for purposes hereof) and in accordance with the requirements of
Section 2.02, without regard to the minimum and multiples specified therein for
the principal amount of Base Rate Loans, but subject to the unutilized portion
of the aggregate Revolving Credit Commitments and the conditions set forth in
Section 4.02. The Swing Line Lender shall furnish the Borrower with a copy of
the applicable Committed Loan Notice promptly after delivering such notice to
the Administrative Agent. Each Revolving Credit Lender shall make an amount
equal to its Pro Rata Share (regardless of the Class of Revolving Credit
Commitments held by such Lender) of the amount specified in such Committed Loan
Notice available to the Administrative Agent in Same Day Funds for the account
of the Swing Line Lender at the Administrative Agent’s Office for payments not
later than 1:00 p.m. on the day specified in such Committed Loan Notice,
whereupon, subject to Section 2.04(c)(ii), each Revolving Credit Lender that so
makes funds available shall be deemed to have made a Base Rate Loan to the
Borrower in such amount. The Administrative Agent shall remit the funds so
received to the Swing Line Lender.

(ii) If for any reason any Swing Line Loan cannot be refinanced by such a
Revolving Credit Borrowing in accordance with Section 2.04(c)(i), the request
for Base Rate Loans submitted by the Swing Line Lender as set forth herein shall
be deemed to be a request by the Swing Line Lender that each of the Revolving
Credit Lenders fund its risk participation in the relevant Swing Line Loan and
each Revolving Credit Lender’s payment to the Administrative Agent for the
account of the Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed
payment in respect of such participation; provided that effective upon the
occurrence of the Maturity Date in respect of the Revolving Tranche-1 Facility,
subject to the satisfaction of the Revolving Tranche-2 Condition, the risk
participations of the Revolving Tranche -1 Lenders funded pursuant to this
Section 2.04(c)(ii) shall be automatically reallocated, without further action
by any party hereto, to the Revolving Tranche-2 Lenders on a pro rata basis, and
each such Revolving Tranche-2 Lender shall be deemed, without further action by
any party hereto, to have purchased from the Swing Line Lender a risk
participation in such Swing Line Loan in an amount for each Revolving Tranche-2
Lender equal to such Revolving Tranche-2 Lender’s Pro Rata Share (based on its
Revolving Tranche-2 Commitment) of the amount of such Swing Line Loan.

(iii) If any Revolving Credit Lender fails to make available to the
Administrative Agent for the account of the Swing Line Lender any amount
required to be paid by such Lender pursuant to the foregoing provisions of this
Section 2.04(c) by the time specified in Section 2.04(c)(i), the Swing Line
Lender shall be entitled to recover from such Lender (acting through the
Administrative Agent), on demand, such amount with interest thereon for the
period from the date such payment is required to the date on which such payment
is immediately available to the Swing Line Lender at a rate per annum equal to
the Federal Funds Rate. A certificate of the Swing Line Lender submitted to any
Lender (through the Administrative Agent) with respect to any amounts owing
under this clause (iii) shall be conclusive absent manifest error.

(iv) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or
to purchase and fund risk participations in Swing Line Loans pursuant to this
Section 2.04(c) shall be absolute and unconditional and shall not be affected by
any circumstance, including (A) any setoff, counterclaim, recoupment, defense or
other right which such Lender may have against the Swing Line Lender, the
Borrower or any other Person for any reason

 

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whatsoever, (B) the occurrence or continuance of a Default, or (C) any other
occurrence, event or condition, whether or not similar to any of the foregoing;
provided that each Revolving Credit Lender’s obligation to make Revolving Credit
Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in
Section 4.02. No such funding of risk participations shall relieve or otherwise
impair the obligation of the Borrower to repay Swing Line Loans, together with
interest as provided herein.

(d) Repayment of Participations.

(i) At any time after any Revolving Credit Lender has purchased and funded a
risk participation in a Swing Line Loan, if the Swing Line Lender receives any
payment on account of such Swing Line Loan, the Swing Line Lender will
distribute to such Lender its Pro Rata Share (regardless of the Class of
Revolving Credit Commitments held by such Lender) of such payment (appropriately
adjusted, in the case of interest payments, to reflect the period of time during
which such Lender’s risk participation was funded) in the same funds as those
received by the Swing Line Lender.

(ii) If any payment received by the Swing Line Lender in respect of principal or
interest on any Swing Line Loan is required to be returned by the Swing Line
Lender under any of the circumstances described in Section 10.06 (including
pursuant to any settlement entered into by the Swing Line Lender in its
discretion), each Revolving Credit Lender shall pay to the Swing Line Lender its
Pro Rata Share (regardless of the Class of Revolving Credit Commitments held by
such Lender) thereof on demand of the Administrative Agent, plus interest
thereon from the date of such demand to the date such amount is returned, at a
rate per annum equal to the Federal Funds Rate. The Administrative Agent will
make such demand upon the request of the Swing Line Lender.

(e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be
responsible for invoicing the Borrower for interest on the Swing Line Loans.
Until each Revolving Credit Lender funds its Base Rate Loan or risk
participation pursuant to this Section 2.04 to refinance such Lender’s Pro Rata
Share (regardless of the Class of Revolving Credit Commitments held by such
Lender) of any Swing Line Loan, interest in respect of such Pro Rata Share
(regardless of the Class of Revolving Credit Commitments held by such Lender)
shall be solely for the account of the Swing Line Lender.

(f) Payments Directly to Swing Line Lender. The Borrower shall make all payments
of principal and interest in respect of the Swing Line Loans directly to the
Swing Line Lender.

SECTION 2.05. Prepayments.

(a) Optional.

(i) The Borrower may, upon notice to the Administrative Agent, at any time or
from time to time voluntarily prepay Term Loans and Revolving Credit Loans in
whole or in part without premium or penalty; provided that (1) such notice must
be received by the Administrative Agent not later than 12:00 noon (New York, New
York time, or London,

 

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England time in the case of Loans denominated in Euros) (A) two (2) Business
Days prior to any date of prepayment of Eurocurrency Rate Loans denominated in
Dollars, (B) three (3) Business Days prior to any date of prepayment of
Eurocurrency Rate Loans denominated in Euros and (C) on the date of prepayment
of Base Rate Loans; (2) any prepayment of Eurocurrency Rate Loans shall be in a
principal amount of $2,500,000 or a whole multiple of $500,000 in excess thereof
in the case of Dollar Term Loans (or comparable amounts determined by the
Administrative Agent in the case of Euro Term Loans); (3) any prepayment of Base
Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of
$100,000 in excess thereof or, in each case, if less, the entire principal
amount thereof then outstanding; and, (4) in the case of any Repricing Event (as
defined below) with respect to all or any portion of the Dollar Term-2 Loans, a
prepayment premium of 1.00% shall apply to any principal amount of the Dollar
Term-2 Loans subject to such Repricing Event during the first twelve-month
period after the Amendment No. 2 Effective Date and (5) in the case of any
Repricing Event (as defined below) with respect to all or any portion of the
Extended Dollar Term-1 Loans or Extended Euro Term Loans, a prepayment premium
of 1.00% shall apply to any principal amount of the Extended Dollar Term-1 Loans
or Extended Euro Term Loans, as applicable, subject to such Repricing Event
during the first twelve-month period after the Amendment No. 3 Effective Date. A
“Repricing Event” means (A) any prepayment or repayment of the Dollar Term-2
Loans, Extended Dollar Term-1 Loans or Extended Euro Term Loans, as applicable,
with the proceeds of, or any conversion of the Dollar Term-2 Loans, Extended
Dollar Term-1 Loans or Extended Euro Term Loans, as applicable, into, any new or
replacement tranche of term loans bearing interest at an effective interest rate
less than the effective interest rate applicable to the Dollar Term-2 Loans,
Extended Dollar Term-1 Loans or Extended Euro Term Loans, as applicable, and
(B) any amendment to this Agreement that reduces the effective interest rate
applicable to the Dollar Term-2 Loans, Extended Dollar Term-1 Loans or Extended
Euro Term Loans, as applicable, (in each case, with “effective interest rate” as
the effective yield determined by taking into account the applicable interest
rate margins, interest rate benchmark floors, original issue discount and
upfront fees, which shall be deemed to constitute like amounts of original issue
discount, being equated to interest rate margins in a manner consistent with
generally accepted financial practice). Each such notice shall specify the date
and amount of such prepayment and the Class(es) and Type(s) of Loans to be
prepaid. The Administrative Agent will promptly notify each Appropriate Lender
of its receipt of each such notice, and of the amount of such Lender’s Pro Rata
Share of such prepayment. If such notice is given by a Borrower, the Borrower
shall make such prepayment and the payment amount specified in such notice shall
be due and payable on the date specified therein. Any prepayment of a
Eurocurrency Rate Loan shall be accompanied by all accrued interest thereon,
together with any additional amounts required pursuant to Section 3.05. Each
prepayment of principal of, and interest on, Euro Term Loans shall be made in
Euros (even if the Borrower is required to convert currency to do so).
EachSubject to the pro rata application within any Class of Loans, the Borrower
may allocate each prepayment of the Loans pursuant to this Section 2.05(a) shall
be paid to the Appropriate Lenders in accordance with their respective Pro Rata
Shares in its sole discretion among the Class or Classes of Loans as the
Borrower may specify, subject only to the following limitations: (i) the
Borrower may not prepay Extended Term Loans of any Term Extension Series
pursuant to this Section 2.05(a)(i) unless such prepayment is accompanied by at
least a pro rata prepayment of Term Loans of the Existing Term Loan Class from
which such Extended Term Loans were exchanged (or such Term Loans of the
Existing Term Loan Class have otherwise been repaid in full) and (ii) the
Borrower may

 

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not prepay Extended Dollar Term-1 Loans or Extended Euro Term Loans pursuant to
this Section 2.05(a)(i) unless such prepayment is accompanied by at least a pro
rata prepayment of Non-Extended Dollar Term-1 Loans and Non-Extended Euro Term
Loans, as applicable. For the avoidance of doubt, the Borrower may prepay Term
Loans of an Existing Term Loan Class pursuant to this Section 2.05(a)(i) without
any requirement to prepay Extended Term Loans that were exchanged from such
Existing Term Loan Class.

(ii) The Borrower may, upon notice to the Swing Line Lender (with a copy to the
Administrative Agent), at any time or from time to time, voluntarily prepay
Swing Line Loans in whole or in part without premium or penalty; provided that
(1) such notice must be received by the Swing Line Lender and the Administrative
Agent not later than 1:00 p.m. on the date of the prepayment, and (2) any such
prepayment shall be in a minimum principal amount of $100,000 or a whole
multiple of $100,000 in excess thereof or, if less, the entire principal amount
thereof then outstanding. Each such notice shall specify the date and amount of
such prepayment. If such notice is given by the Borrower, the Borrower shall
make such prepayment and the payment amount specified in such notice shall be
due and payable on the date specified therein.

(iii) Notwithstanding anything to the contrary contained in this Agreement, the
Borrower may rescind any notice of prepayment under Section 2.05(a)(i) or
2.05(a)(ii) if such prepayment would have resulted from a refinancing of all of
the Facilities, which refinancing shall not be consummated or shall otherwise be
delayed.

(b) Mandatory.

(i) Within five (5) Business Days after financial statements have been delivered
pursuant to Section 6.01(a) and the related Compliance Certificate has been
delivered pursuant to Section 6.02(a), the Borrower shall cause to be prepaid an
aggregate principal amount of Term Loans equal to (A) 50% (such percentage as it
may be reduced as described below, the “ECF Percentage”) of Excess Cash Flow, if
any, for the fiscal year covered by such financial statements (commencing with
the fiscal year ended June 30, 2008) minus (B) the sum of (i) all voluntary
prepayments of Term Loans during such fiscal year and (ii) all voluntary
prepayments of Revolving Credit Loans during such fiscal year to the extent the
Revolving Credit Commitments are permanently reduced by the amount of such
payments, in the case of each of the immediately preceding clauses (i) and (ii),
to the extent such prepayments are not funded with the proceeds of Indebtedness;
provided that (x) the ECF Percentage shall be 25% if the Total Leverage Ratio
for the fiscal year covered by such financial statements was less than 5.50:1.00
and greater than or equal to 4.50:1.00 and (y) the ECF Percentage shall be 0% if
the Total Leverage Ratio for the fiscal year covered by such financial
statements was less than 4.50:1.00.

(ii) (A) If (x) the Borrower or any Restricted Subsidiary Disposes of any
property or assets (other than any Disposition of any property or assets
permitted by Section 7.05(a), (b), (c), (d) (to the extent constituting a
Disposition to a Loan Party), (e), (g), (h) or (p)) or (y) any Casualty Event
occurs, which in the aggregate results in the realization or receipt by the
Borrower or such Restricted Subsidiary of Net Cash Proceeds, the Borrower shall
cause to be prepaid on or prior to the date which is ten (10) Business Days
after the date of the realization or

 

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receipt of such Net Cash Proceeds an aggregate principal amount of Term Loans
equal to 100% (such percentage as it may be reduced as described below, the
“Asset Percentage”) of all such Net Cash Proceeds realized or received; provided
that no such prepayment shall be required pursuant to this
Section 2.05(b)(ii)(A) with respect to such portion of such Net Cash Proceeds
that the Borrower shall have, on or prior to such date, given written notice to
the Administrative Agent of its intent to reinvest in accordance with
Section 2.05(b)(ii)(B) (which notice may only be provided if no Event of Default
has occurred and is then continuing); provided that the Asset Percentage shall
be 75% if the Total Leverage Ratio for the Test Period was less than 4.50:1.00;

(B) With respect to any Net Cash Proceeds realized or received with respect to
any Disposition (other than any Disposition specifically excluded from the
application of Section 2.05(b)(ii)(A)) or any Casualty Event, at the option of
the Borrower, the Borrower may reinvest all or any portion of such Net Cash
Proceeds in assets useful for its business within (x) fifteen (15) months
following receipt of such Net Cash Proceeds or (y) if the Borrower enters into a
legally binding commitment to reinvest such Net Cash Proceeds within fifteen
(15) months following receipt thereof, within the later of (1) fifteen
(15) months following receipt thereof or (2) one hundred and eighty (180) days
of the date of such legally binding commitment; provided that (i) so long as an
Event of Default shall have occurred and be continuing, the Borrower shall not
be permitted to make any such reinvestments (other than pursuant to a legally
binding commitment that the Borrower entered into at a time when no Event of
Default is continuing) and (ii) if any Net Cash Proceeds are not so reinvested
by the deadline specified in clause (x) or (y) above, as applicable, or if any
such Net Cash Proceeds are no longer intended to be or cannot be so reinvested
at any time after delivery of a notice of reinvestment election, an amount equal
to any such Net Cash Proceeds shall be applied within five (5) Business Days
after such deadline or the date the Borrower reasonably determines that such Net
Cash Proceeds are no longer intended to be or cannot be so reinvested, as the
case may be, to the prepayment of the Term Loans as set forth in this
Section 2.05.2.05;

(iii) If the Borrower or any Restricted Subsidiary incurs or issues any
Indebtedness not expressly permitted to be incurred or issued pursuant to
Section 7.03, the Borrower shall cause to be prepaid an aggregate principal
amount of Term Loans equal to 100% of all Net Cash Proceeds received therefrom
on or prior to the date which is five (5) Business Days after the receipt of
such Net Cash Proceeds; provided, further that if any Permitted Other Debt has
been issued in compliance with Section 7.01 and 7.03 with Liens ranking pari
passu with the Liens securing the Obligations pursuant to the First Lien
Intercreditor Agreement, then the Borrower may, to the extent required pursuant
to the terms of the documentation governing such Permitted Other Debt, prepay
Term Loans and purchase such Permitted Other Debt on a pro rata basis in
accordance with the respective principal amounts thereof.

(iv) If for any reason the aggregate Revolving Credit Exposures at any time
exceeds the aggregate Revolving Credit Commitments then in effect, the Borrower
shall promptly prepay or cause to be promptly prepaid Revolving Credit Loans and
Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate
amount equal to such excess; provided that the Borrower shall not be required to
Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(iv)
unless after the prepayment in full of the Revolving Credit Loans and Swing Line
Loans such aggregate Outstanding Amount exceeds the aggregate Revolving Credit
Commitments then in effect. Each such prepayment shall be paid to the Revolving
Credit Lenders in accordance with their respective Pro Rata Shares (regardless
of the Class of Revolving Credit Commitments held by any such Revolving Credit
Lender).

 

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(v) (X) Each prepayment of Term Loans pursuant to this Section 2.05(b) shall be
applied in direct order of maturity to repayments thereof required pursuant to
Section 2.07(a) and (b); and (Y) each such prepayment shall be paid to the
Lenders in accordance with their respective Pro Rata Shares subject to clause
(vi) of this Section 2.05(b).

(vi) (A) The Borrower shall notify the Administrative Agent in writing of any
mandatory prepayment of Term Loans required to be made pursuant to clauses
(i) through (iii) of this Section 2.05(b) at least three (3) Business Days prior
to the date of such prepayment. Each such notice shall specify the date of such
prepayment and provide a reasonably detailed calculation of the amount of such
prepayment. The Administrative Agent will promptly notify each Appropriate
Lender of the contents of the Borrower’s prepayment notice and of such
Appropriate Lender’s Pro Rata Share of the prepayment. Each Appropriate Lender
may reject all or a portion of its Pro Rata Share of any mandatory prepayment
(such declined amounts, the “Declined Proceeds”) of Term Loans required to be
made pursuant to clauses (i) through (iii) of this Section 2.05(b) by providing
written notice (each, a “Rejection Notice”) to the Administrative Agent and the
Borrower no later than 5:00 p.m. (New York time) one Business Day after the date
of such Lender’s receipt of notice from the Administrative Agent regarding such
prepayment. Each Rejection Notice from a given Lender shall specify the
principal amount of the mandatory prepayment of Term Loans to be rejected by
such Lender. If a Lender fails to deliver a Rejection Notice to the
Administrative Agent within the time frame specified above or such Rejection
Notice fails to specify the principal amount of the Term Loans to be rejected,
any such failure will be deemed an acceptance of the total amount of such
mandatory repayment of Term Loans. Any Declined Proceeds shall be retained by
the Borrower (“Retained Declined Proceeds”).

(B) Subject to the pro rata application within any Class of Term Loans, the
Borrower may allocate such prepayment in its sole discretion among the Class or
Classes of Term Loans as the Borrower may specify, subject only to the following
limitations: (X) the Borrower shall not allocate to Extended Term Loans of any
Term Extension Series any mandatory prepayment made pursuant to this
Section 2.05(b) unless such prepayment is accompanied by at least a pro rata
prepayment of Term Loans of the Existing Term Loan Class, if any, from which
such Extended Term Loans were exchanged (or such Term Loans of the Existing Term
Loan Class have otherwise been repaid in full) and (Y) the Borrower may not
allocate to Extended Dollar Term-1 Loans or Extended Euro Term Loans any
mandatory prepayment pursuant to this Section 2.05(b) unless such prepayment is
accompanied by at least a pro rata prepayment of Non-Extended Dollar Term-1
Loans and Non-Extended Euro Term Loans.

Notwithstanding any other provisions of this Section 2.05(b), (i) to the extent
that any of or all the Net Cash Proceeds of any Disposition by a Foreign
Subsidiary giving rise to a prepayment event pursuant to Section 2.05(b)(ii) (a
“Foreign Disposition”), the Net Cash Proceeds of any Casualty Event from a
Foreign Subsidiary (a “Foreign Casualty Event”), or Excess Cash Flow are
prohibited or delayed by applicable local law from being repatriated to the
United States, the portion of such Net Cash Proceeds or Excess Cash Flow so
affected will not

 

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of payments hereunder, with such allocation being determined after giving effect
to (1) any exchange pursuant to Section 2.16 of Revolving Credit Commitments and
Revolving Credit Loans into Extended Revolving Credit Commitments and Extended
Revolving Credit Loans, respectively, and (2) any such reduction of the
Revolving Credit Commitments in respect of the applicable Specified Existing
Revolving Credit Commitment Class).

SECTION 2.07. Repayment of Loans.

(a) Dollar Term Loans. The Borrower shall repay to the Administrative Agent for
the ratable account of (i) the Dollar Term-1 Lenders (A) on the last Business
Day of each March, June, September and December, commencing with the last
Business Day of September 2007, an aggregate principal amount equal to 0.25% of
the aggregate principal amount of all Dollar Term-1 Loans outstanding on the
Closing Date (which payments shall be reduced as a result of the application of
prepayments in accordance with the order of priority set forth in Section 2.05)
and (B) on the applicable Maturity Date for thesuch Dollar Term-1 Loans, the
aggregate principal amount of all such Dollar Term-1 Loans outstanding on such
date and (ii) the Dollar Term-2 Lenders (A) on the last Business Day of each
March, June, September and December, commencing with the last Business Day of
March 2012, an aggregate principal amount equal to 0.25% of the aggregate
principal amount of all Dollar Term-2 Loans outstanding on the Amendment No. 2
Effective Date (which payments shall be reduced as a result of the application
of prepayments in accordance with the order of priority set forth in
Section 2.05) and (B) on the Maturity Date for the Dollar Term-2 Loans, the
aggregate principal amount of all Dollar Term-2 Loans outstanding on such date.”

(b) Euro Term Loans. The Borrower shall repay to the Administrative Agent for
the ratable account of the Euro Term Lenders (i) on the last Business Day of
each March, June, September and December, commencing with the last Business Day
of September 2007, an aggregate principal amount equal to 0.25% of the aggregate
principal amount of all Euro Term Loans outstanding on the Closing Date (which
payments shall be reduced as a result of the application of prepayments in
accordance with the order of priority set forth in Section 2.05) and (ii) on the
applicable Maturity Date for thesuch Euro Term Loans, the aggregate principal
amount of all such Euro Term Loans outstanding on such date.

(c) Revolving Credit Loans. The Borrower shall repay to the Administrative Agent
for the ratable account of the Appropriate Lenders (i)on the Maturity Date for
the Revolving Tranche-1Credit Facility, on the Maturity Date with respect to the
Revolving Tranche-1 Facility, the aggregate principal amount of all of its
Revolving Tranche-1Credit Loans outstanding on such date and (ii) for the
Revolving Tranche-2 Facility, on the Maturity Date with respect to the Revolving
Tranche-2 Facility, the aggregate principal amount of all of its Revolving
Tranche-2 Loans outstanding on such date. For the avoidance of doubt, prior to
the Maturity Date of the Revolving Tranche-1 Facility, each prepayment or
repayment of the Revolving Credit Loans held by the Revolving Credit Lenders
shall be applied in accordance with their respective Pro Rata Shares (regardless
of the Class of Revolving Credit Commitments held by any Revolving Credit
Lender), provided that on the Maturity Date of the Revolving Tranche-1 Facility,
a repayment of the Revolving Tranche-1 Loans may be made without a ratable
prepayment or repayment of the Revolving Tranche-2 Loans or any other Class of
Revolving Credit Loans that have a later maturity date.

 

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(d) Swing Line Loans. The Borrower shall repay its Swing Line Loans on the
earlier to occur of (i) the date five (5) Business Days after such Loan is made
and (ii) the Maturity Date for the Revolving Tranche-1 Facility; provided that
in the case of any Revolving Tranche- 2 Swing Line Loan, if the Revolving
Tranche- 2 Condition with respect thereto is satisfied, the date of this clause
(ii) shall be deemed to be the scheduled Maturity Date then in effect for the
Revolving Tranche-2Credit Facility.

(e) For the avoidance of doubt, all Loans shall be repaid, whether pursuant to
this Section 2.07 or otherwise, in the currency in which they were made.

(f) The Borrower shall repay on the relevant maturity date for any other
Extension Series of Extended Revolving Credit Commitments, all then outstanding
Extended Revolving Credit Loans of such Extension Series.

(g) The Borrower shall repay on the relevant maturity date for any Term
Extension Series of Extended Term Loans, all then outstanding Extended Term
Loans of such Term Extension Series.

(h) The Borrower shall repay on the relevant maturity date applicable to any
Refinancing Term Loan Amendment, all then outstanding Refinancing Term Loans
related to such Refinancing Term Loan Amendment.

SECTION 2.08.Interest.

(a) Subject to the provisions of Section 2.08(b), (i) each Eurocurrency Rate
Loan shall bear interest on the outstanding principal amount thereof for each
Interest Period at a rate per annum equal to the Eurocurrency Rate for such
Interest Period plus the Applicable Rate plus (in the case of a Eurocurrency
Rate Loan of any Lender which is lent from a Lending Office in the United
Kingdom or a Participating Member State) the Mandatory Cost; (ii) each Base Rate
Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the Base Rate plus the
Applicable Rate and (iii) each Swing Line Loan shall bear interest on the
outstanding principal amount thereof from the applicable borrowing date at a
rate per annum equal to the Base Rate plus the Applicable Rate for Revolving
Credit Loans. For the avoidance of doubt, each Euro Term Loan shall be a
Eurocurrency Rate Loan.

(b) The Borrower shall pay interest on past due amounts hereunder at a
fluctuating interest rate per annum at all times equal to the Default Rate to
the fullest extent permitted by applicable Laws. Accrued and unpaid interest on
past due amounts (including interest on past due interest) shall be due and
payable upon demand.

(c) Interest on each Loan shall be due and payable in arrears on each Interest
Payment Date applicable thereto and at such other times as may be specified
herein. Interest hereunder shall be due and payable in accordance with the terms
hereof before and after judgment, and before and after the commencement of any
proceeding under any Debtor Relief Law.

 

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Commitment Increase (each a “Revolving Commitment Increase Lender”) in respect
of such increase, and each such Revolving Commitment Increase Lender will
automatically and without further act be deemed to have assumed, a portion of
such Revolving Credit Lender’s participations hereunder in outstanding Letters
of Credit and Swing Line Loans such that, after giving effect to each such
deemed assignment and assumption of participations, the percentage of the
aggregate outstanding (i) participations hereunder in Letters of Credit and
(ii) participations hereunder in Swing Line Loans held by each Revolving Credit
Lender (including each such Revolving Commitment Increase Lender) will equal the
percentage of the aggregate Revolving Credit Commitments of all Revolving Credit
Lenders represented by such Revolving Credit Lender’s Revolving Credit
Commitment and (b) if, on the date of such increase, there are any Revolving
Credit Loans outstanding, such Revolving Credit Loans shall on or prior to the
effectiveness of such Revolving Commitment Increase be prepaid from the proceeds
of additional Revolving Credit Loans made hereunder (reflecting such increase in
Revolving Credit Commitments), which prepayment shall be accompanied by accrued
interest on the Revolving Credit Loans being prepaid and any costs incurred by
any Lender in accordance with Section 3.05. The Administrative Agent and the
Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata
payment requirements contained elsewhere in this Agreement shall not apply to
the transactions effected pursuant to the immediately preceding sentence.

(b) This Section 2.14 shall supersede any provisions in Section 2.13 or 10.01 to
the contrary.

SECTION 2.15. Conversion of Revolving Credit Loans, etc.

(a) Each Revolving Credit Lender who has executed and delivered to the
Administrative Agent a counterpart to Amendment No. 1 as an “Extending and
Consenting Lender” immediately prior to giving effect to Amendment No. 1 shall
be deemed, upon the effectiveness of Amendment No. 1, to have converted (i) all
or a portion of its Revolving Credit Commitment into a Revolving Tranche-2
Commitment, in the aggregate amount set forth (A) on such Lender’s signature
page thereto and (B) opposite such Lender’s name on Schedule 2.01(c) under the
caption “Revolving Tranche-2 Commitment” and (ii) its outstanding Revolving
Credit Loans into Revolving Tranche-2 Loans in a percentage equal to the
percentage of such Revolving Credit Lender’s Revolving Credit Commitment that
will be converted to Revolving Tranche-2 Commitments upon the effectiveness of
Amendment No. 1.

(b) Each Revolving Credit Lender who has not converted all of its Revolving
Credit Commitment and Revolving Credit Loans into a Revolving Tranche- 2
Commitment and Revolving Tranche-2 Loans pursuant to Section 2.15(a) on or prior
to the Amendment No. 1 Effective Date, shall be deemed, upon the effectiveness
of Amendment No. 1, to have converted (i) all or a portion of its Revolving
Credit Commitment into a Revolving Tranche-1 Commitment, in the aggregate amount
set forth opposite such Lender’s name on Schedule 2.01(c) under the caption
“Revolving Tranche-1 Commitment” and (ii) its outstanding Revolving Credit Loans
into Revolving Tranche-1 Loans in a percentage equal to the percentage of such
Revolving Credit Lender’s Revolving Credit Commitment that will be converted to
Revolving Tranche-1 Commitments upon the Amendment No. 1 Effective Date.

 

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(c) On the Amendment No. 1 Effective Date, (i) with respect to each Letter of
Credit issued hereunder prior to such date, each Revolving Tranche-1 Lender and
each Revolving Tranche-2 Lender shall be deemed to have purchased from the L/C
Issuer a participation therein (including any L/C Borrowing with respect
thereto) in accordance with Section 2.03(b) and (ii) with respect to each Swing
Line Loan made hereunder prior to such date, each Revolving Tranche-1 Lender and
each Revolving Tranche-2 Lender shall be deemed to have purchased from the Swing
Line Lender a risk participation therein in accordance with Section 2.04(a) and
Section 2.04(c)(ii)3 Effective Date, (a) each “Revolving Tranche -1 Commitment”,
as defined in Section 1 of Amendment No. 1, shall be terminated and (b) each
“Revolving Tranche-2 Borrowing”, “Revolving Tranche-2 Commitment”, “Revolving
Tranche-2 Facility”, “Revolving Tranche-2 Lender”, “Revolving Tranche-2 Letter
of Credit”, “Revolving Tranche-2 Loan”, and “Revolving Tranche-2 Note”, each as
defined in Section 1 of Amendment No. 1, shall be automatically converted into
“Revolving Credit Borrowing”, “Revolving Credit Commitment”, “Revolving Credit
Facility”, “Revolving Credit Lender”, “Revolving Credit Letter of Credit”,
“Revolving Credit Loan”, and “Revolving Credit Note”, respectively.

SECTION 2.16. Extensions of Revolving Credit Loans and Revolving Credit
Commitments

(a) The Borrower may at any time and from time to time request that all or a
portion of the Revolving Credit Commitments and any previous extension of
Extended Revolving Credit Commitments existing at the time of such request
(each, an “Existing Revolving Credit Commitment” and any related Revolving
Credit Loans under any such facility, “Existing Revolving Credit Loans”) be
exchanged to extend the termination date thereof with respect to all or a
portion of any principal amount thereof (any such Existing Revolving Credit
Commitments which have been so extended, “Extended Revolving Credit Commitments”
and any related Revolving Credit Loans, “Extended Revolving Credit Loans”) and
to provide for other terms consistent with this Section 2.16. Prior to entering
into any Extension Agreement with respect to any Extended Revolving Credit
Commitments, the Borrower shall provide a notice to the Administrative Agent
(who shall provide a copy of such notice to each of the Lenders of the
applicable Class of Existing Revolving Credit Commitments) (a “Revolving Credit
Extension Request”) setting forth the proposed terms of the Extended Revolving
Credit Commitments to be established thereunder, which terms shall be identical
to those applicable to the Existing Revolving Credit Commitments from which they
are to be extended (the “Specified Existing Revolving Credit Commitment Class”)
except (x) all or any of the final maturity dates of such Extended Revolving
Credit Commitments may be delayed to later dates than the final maturity dates
of the Existing Revolving Credit Commitments of the Specified Existing Revolving
Credit Commitment Class, (y) the all-in pricing (including, without limitation,
margins, fees and premiums) with respect to the Extended Revolving Credit
Commitments may be higher or lower than the all-in pricing (including, without
limitation, margins, fees and premiums) for the Existing Revolving Credit
Commitments of the Specified Existing Revolving Credit Commitment Class and
(z) the revolving credit commitment fee rate with respect to the Extended
Revolving Credit Commitments may be higher or lower than the revolving credit
commitment fee rate for Existing Revolving Credit Commitments of the Specified
Existing Revolving Credit Commitment Class, in each case, to the extent provided
in the applicable Extension Agreement; provided that, notwithstanding anything
to the contrary in this Section 2.16 or otherwise, (1) the borrowing and
repayment (other than in connection with a permanent repayment and termination
of commitments) of the Extended Revolving Credit Loans under any

 

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such Revolving Credit Extension Request. Notwithstanding the conversion of any
Existing Revolving Credit Commitment into an Extended Revolving Credit
Commitment, such Extended Revolving Credit Commitment shall be treated
identically to all Existing Revolving Credit Commitments of the Specified
Existing Revolving Credit Commitment Class for purposes of the obligations of a
Revolving Credit Lender in respect of Swing Line Loans under Section 2.04 and
Letters of Credit under Section 2.03, except that the applicable Extension
Agreement may provide that the Swing Line maturity date and/or the last day for
issuing Letters of Credit may be extended and the related obligations to make
Swing Line Loans and issue Letters of Credit may be continued and/or modified
(pursuant to mechanics set forth in the applicable Extension Agreement) so long
as the Swing Line Lender and/or the applicable L/C Issuer, as applicable, have
consented to such extensions (it being understood that no consent of any other
Lender shall be required in connection with any such extension).

(c) Extended Revolving Credit Commitments shall be established pursuant to an
amendment (an “Extension Agreement”) to this Agreement (which, except to the
extent expressly contemplated by the penultimate sentence of this
Section 2.16(c) and notwithstanding anything to the contrary set forth in
Section 10.01, shall not require the consent of any Lender other than the
Extending Lenders with respect to the Extended Revolving Credit Commitments
established thereby) executed by the Loan Parties, the Administrative Agent and
the Extending Lenders. Notwithstanding anything to the contrary in this
Section 2.16 and without limiting the generality or applicability of
Section 10.01 to any Section 2.16 Additional Agreements, any Extension Agreement
may provide for additional terms and/or additional amendments other than those
referred to or contemplated above (any such additional amendment, a “Section
2.16 Additional Agreement”) to this Agreement and the other Loan Documents;
provided that such Section 2.16 Additional Agreements do not become effective
prior to the time that such Section 2.16 Additional Agreements have been
consented to (including, without limitation, pursuant to (1) consents applicable
to holders of Revolving Commitment Increases provided for in any Incremental
Amendment and (2) consents applicable to holders of any Extended Revolving
Credit Commitments provided for in any Extension Agreement) by such of the
Lenders, Loan Parties and other parties (if any) as may be required in order for
such Section 2.16 Additional Agreements to become effective in accordance with
Section 10.01. It is understood and agreed that each Lender that has consented
to this Agreement has consented and shall at the effective time thereof be
deemed to consent to each amendment in this Agreement and the other Loan
Documents authorized by this Section 2.16 and the arrangements described above
in connection therewith except that the foregoing shall not constitute a consent
on behalf of any Lender to the terms of any Section 2.16 Additional Agreement.
In connection with any Extension Agreement, the Borrower shall deliver an
opinion of counsel reasonably acceptable to the Administrative Agent (i) as to
the enforceability of such Extension Agreement, the Credit Agreement as amended
thereby, and such of the other Loan Documents (if any) as may be amended thereby
(in the case of such other Loan Documents as contemplated by the immediately
preceding sentence) and (ii) to the effect that such Extension Agreement,
including without limitation, the Extended Revolving Credit Commitments provided
for therein, does not conflict with or violate the terms and provisions of
Section 10.01 of this Agreement.

(d) This Section 2.16 supersedes any provision in Section 2.13 or Section 10.1
to the contrary.

 

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SECTION 2.17. Conversion of Term Loans.

(a) Each Term Lender who has executed and delivered to the Administrative Agent
a counterpart to Amendment No. 3 as an “Extending and Consenting Lender”
immediately prior to giving effect to Amendment No. 3 shall be deemed, upon the
effectiveness of Amendment No. 3, to have converted all or a portion of its
outstanding Dollar Term-1 Loans into Extended Dollar Term-1 Loans in the
aggregate amount set forth (i) on such Lender’s signature page thereto and
(ii) opposite such Lender’s name on Schedule 2.01(a)(i) under the caption
“Extended Dollar Term-1 Loans”.

(b) Each Term Lender who has not converted all of its Term Loans into a Extended
Dollar Term- 1 Loan pursuant to Section 2.17(a) on or prior to the Amendment
No. 3 Effective Date shall be deemed, upon the effectiveness of Amendment No. 3,
to have converted all or a portion of its outstanding Dollar Term Loans into
Non-Extended Dollar Term-1 Loans in the aggregate amount set forth opposite such
Lender’s name on Schedule 2.01(a)(i) under the caption “Non-Extended Dollar
Term-1 Loans”.

(c) Each Term Lender who has executed and delivered to the Administrative Agent
a counterpart to Amendment No. 3 as an “Extending and Consenting Lender”
immediately prior to giving effect to Amendment No. 3 shall be deemed, upon the
effectiveness of Amendment No. 3, to have converted all or a portion of its
outstanding Euro Term Loans into Extended Euro Term Loans in the aggregate
amount set forth (i) on such Lender’s signature page thereto and (ii) opposite
such Lender’s name on Schedule 2.01(b) under the caption “Extended Euro Term
Loans”.

(d) Each Term Lender who has not converted all of its Term Loans into a Extended
Euro Term Loan pursuant to Section 2.17(c) on or prior to the Amendment No. 3
Effective Date shall be deemed, upon the effectiveness of Amendment No. 3, to
have converted all or a portion of its outstanding Euro Term Loans into
Non-Extended Euro Term Loans in the aggregate amount set forth opposite such
Lender’s name on Schedule 2.01(b) under the caption “Non-Extended Euro Term
Loans”.

(e) This Section 2.17 supersedes any provision in Section 2.13 or Section 10.01
to the contrary.

SECTION 2.18. Extensions of Term Loans

(a) The Borrower may at any time and from time to time request that all or a
portion of the Term Loans of any Class (an “Existing Term Loan Class”) be
exchanged to extend the scheduled maturity date(s) of any payment of principal
thereof with respect to all or a portion of any principal amount of such Term
Loans (any such Term Loans which have been so extended, “Extended Term Loans”)
and to provide for other terms consistent with this Section 2.18. Prior to
entering into any Term Extension Agreement, the Borrower shall provide written
notice to the Administrative Agent (who shall provide a copy of such notice to
each of the Lenders of the applicable Existing Term Loan Class) (a “Term Loan
Extension Request”) setting forth the proposed terms of the Extended Term Loans
to be established thereunder, which terms shall be identical to the Term Loans
of the Existing Term Loan Class from which they are to be

 

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extended except (x) the scheduled final maturity date shall be extended and all
or any of the scheduled amortization payments of all or a portion of any
principal amount of such Extended Term Loans may be delayed to later dates than
the scheduled amortization of principal of the Term Loans of such Existing Term
Loan Class (with any such delay resulting in a corresponding adjustment to the
scheduled amortization payments reflected in Section 2.07 or in the Incremental
Amendment, as the case may be, with respect to the Existing Term Loan Class from
which such Extended Term Loans were extended, in each case as more particularly
set forth in Section 2.18(c) below), (y) all-in pricing (including, without
limitation, margins, fees and premiums) with respect to the Extended Term Loans
may be higher or lower than the all-in pricing (including, without limitation,
margins, fees and premiums) for the Term Loans of such Existing Term Loan Class,
in each case, to the extent provided in the applicable Term Extension Agreement
and (z) the voluntary and mandatory prepayment rights of the Extended Term Loans
shall be subject to the provisions set forth in Section 2.05. No Lender shall
have any obligation to agree to have any of its Term Loans of any Existing Term
Loan Class exchanged into Extended Term Loans pursuant to any Term Loan
Extension Request. Any Extended Term Loans of any Term Extension Series shall
constitute a separate Class of Term Loans from the Existing Term Loan Class of
Term Loans from which they were extended; provided that any Extended Term Loans
extended may, to the extent provided in the applicable Term Extension Agreement,
be designated as an increase to any previously established Class of Extended
Term Loans; provided that in no event shall there be more than ten Classes of
Term Loans outstanding at any time.

(b) The Borrower shall provide the applicable Extension Request at least five
(5) Business Days prior to the date on which Lenders under the Existing Term
Loan Class are requested to respond. Except as provided in the second succeeding
sentence, any Lender (an “Extending Term Lender”) wishing to have all or a
portion of its Term Loans of an Existing Term Loan Class subject to such
Extension Request exchanged into Extended Term Loans shall notify the
Administrative Agent (an “Term Extension Election”) on or prior to the date
specified in such Extension Request of the amount of its Term Loans which it has
elected to convert into Extended Term Loans. In the event that the aggregate
amount of Term Loans subject to Term Extension Elections exceeds the amount of
Extended Term Loans requested pursuant to the Extension Request, Term Loans
subject to Term Extension Elections shall be exchanged to Extended Term Loans on
a pro rata basis based on the amount of Term Loans included in each such Term
Extension Election. Notwithstanding the foregoing, the Borrower shall be
permitted to specify in the Extension Request, any Lender or Lenders as
Extending Term Lenders (subject to the consent of such Lender or Lenders) and
any Lenders not so specified in such Extension Request shall not have the right
to make an Term Extension Election with respect to such Extension Request.

(c) Extended Term Loans shall be established pursuant to an amendment (an “Term
Extension Agreement”) to this Agreement (which, except to the extent expressly
contemplated by the penultimate sentence of this Section 2.18(c) and
notwithstanding anything to the contrary set forth in Section 10.01, shall not
require the consent of any Lender other than the Extending Term Lenders with
respect to the Extended Term Loans established thereby) executed by the Loan
Parties, the Administrative Agent and the Extending Term Lenders.
Notwithstanding anything to the contrary in this Section 2.18 and without
limiting the generality or applicability of Section 10.01 to any Section 2.18
Additional Agreements, any Term

 

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Extension Agreement may provide for additional terms and/or additional
amendments other than those referred to or contemplated above (any such
additional amendment, a “Section 2.18 Additional Agreement”) to this Agreement
and the other Loan Documents; provided that such Section 2.18 Additional
Agreements do not become effective prior to the time that such Section 2.18
Additional Agreements have been consented to (including, without limitation,
pursuant to (1) consents applicable to holders of Incremental Term Loans
provided for in any Incremental Amendment and (2) consents applicable to holders
of any Extended Term Loans provided for in any Term Extension Agreement) by such
of the Lenders, Loan Parties and other parties (if any) as may be required in
order for such Section 2.18 Additional Agreements to become effective in
accordance with Section 10.01. It is understood and agreed that each Lender that
has consented to this Agreement has consented and shall at the effective time
thereof be deemed to consent to each amendment in this Agreement and the other
Loan Documents authorized by this Section 2.18 and the arrangements described
above in connection therewith except that the foregoing shall not constitute a
consent on behalf of any Lender to the terms of any Section 2.18 Additional
Agreement. In connection with any Term Extension Agreement, the Borrower shall
deliver an opinion of counsel reasonably acceptable to the Administrative Agent
(i) as to the enforceability of such Term Extension Agreement, the Credit
Agreement as amended thereby, and such of the other Loan Documents (if any) as
may be amended thereby (in the case of such other Loan Documents as contemplated
by the immediately preceding sentence) and (ii) to the effect that such Term
Extension Agreement, including without limitation, the Extended Term Loans
provided for therein, does not conflict with or violate the terms and provisions
of Section 10.01 of this Agreement.

SECTION 2.19. Refinancing Term Loans.

(a) The Borrower may by written notice to Administrative Agent elect to request
the establishment of one or more additional tranches of term loans in Dollars or
Euros under this Agreement (“Refinancing Term Loans”) to refinance an
outstanding Class of Term Loans. Each such notice shall specify the date (each,
a “Refinancing Effective Date”) on which the Borrower proposes that the
Refinancing Term Loans shall be made, which shall be a date not less than five
Business Days after the date on which such notice is delivered to the
Administrative Agent; provided that:

(i) before and after giving effect to the borrowing of such Refinancing Term
Loans on the Refinancing Effective Date each of the conditions set forth in
Section 4.02 shall be satisfied;

(ii) such Refinancing Term Loans shall mature no earlier than, and the Weighted
Average Life to Maturity of such Refinancing Term Loans shall not be shorter
than, the then remaining Weighted Average Life to Maturity of the Dollar Term
B-2 Loans or Euro Term B-2 Loans at the time of such refinancing;

(iii) all other terms applicable to such Refinancing Term Loans (other than
provisions relating to original issue discount, upfront fees and interest rates
which shall be as agreed between the Borrower and the Lenders providing such
Refinancing Term Loans) shall be substantially identical to, or less favorable
to the Lenders providing such Refinancing Term Loans than, those applicable to
the then outstanding Term Loans of the applicable Class except to the extent
such covenants and other terms apply solely to any period after the latest final
maturity of all Classes of Term Loans in effect on the Refinancing Effective
Date immediately prior to the borrowing of such Refinancing Term Loans;

 

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(iv) the Loan Parties and the Collateral Agent shall enter into such amendments
to the Collateral Documents as may be requested by the Collateral Agent (which
shall not require any consent from any Lender) in order to ensure that the
Refinancing Term Loans are provided with the benefit of the applicable
Collateral Documents and shall deliver such other documents, certificates and
opinions of counsel in connection therewith as may be requested by the
Collateral Agent; and

(v) the Net Cash Proceeds of the Refinancing Term Loans shall be applied to the
repayment of the then outstanding applicable Class or Classes of Term Loans on
the date of such incurrence in accordance with Section 2.05(b).

(b) The Borrower may approach any Lender or any other Person that would be a
permitted Assignee pursuant to Section 10.07 to provide all or a portion of the
Refinancing Term Loans (a “Refinancing Term Lender”); provided that any Lender
offered or approached to provide all or a portion of the Refinancing Term Loans
may elect or decline, in its sole discretion, to provide a Refinancing Term
Loan. Any Refinancing Term Loans made on any Refinancing Effective Date shall be
designated a Class of Refinancing Term Loans for all purposes of this Agreement;
provided that any Refinancing Term Loans may, to the extent provided in the
applicable Refinancing Term Loan Amendment, be designated as an increase in any
previously established Class of Term Loans made to the Borrower that were
Refinancing Term Loans.

(c) The Refinancing Term Loans shall be established pursuant to an amendment to
this Agreement among the Borrower, the Administrative Agent and the Refinancing
Term Lenders providing such Refinancing Term Loans (a “Refinancing Term Loan
Amendment”) which shall be consistent with the provisions set forth in paragraph
(a) above (which shall not require the consent of any other Lender). Each
Refinancing Term Loan Amendment shall be binding on the Lenders, the Loan
Parties and the other parties hereto.

(d) This Section 2.18 shall supersede any provisions in Section 2.13 or
Section 10.01 to the contrary.

ARTICLE III

Taxes, Increased Costs Protection and Illegality

SECTION 3.01. Taxes.

(a) Except as provided in this Section 3.01, any and all payments by the
Borrower (the term Borrower under Article III being deemed to include any
Subsidiary for whose account a Letter of Credit is issued) or any Guarantor to
or for the account of any Agent or any Lender under any Loan Document shall be
made free and clear of and without deduction for any and all present or future
taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or
similar charges, and all liabilities (including additions to tax, penalties and

 

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(ff) Liens on the Collateral (but not any other assets) securing Indebtedness
permitted under Section 7.03(y); provided, that, to the extent such Liens are
contemplated to be junior to the Liens securing the Obligations, such Liens
shall be subject to the Subordinated Lien Intercreditor Agreement and the
Indebtedness secured by such Liens shall have been incurred pursuant to the
Subordinated Lien Facility;

(gg) the modification, replacement, renewal or extension of any Lien permitted
by clauses (b), (i), (p), (v) and (z) of this Section 7.01; provided that
(i) the Lien does not extend to any additional property other than
(A) after-acquired property that is affixed or incorporated into the property
covered by such Lien or financed by Indebtedness permitted under Section 7.03,
and (B) proceeds and products thereof, provided that with respect to such
modification, replacement, renewal or extension of any Lien permitted by clause
(z) of this Section 7.01, such Liens do not extend to any assets other than the
Collateral; and (ii) the renewal, extension or refinancing of the obligations
secured or benefited by such Liens is permitted by Section 7.03; and

(hh) other Liens securing Indebtedness or other obligations in an aggregate
principal amount at any time outstanding not to exceed $50,000,000.50,000,000;
and

(ii) Liens securing Permitted Other Debt issued pursuant to Section 7.03(u) so
long as such Liens are subject to the First Lien Intercreditor Agreement or a
Second Lien Intercreditor Agreement.

SECTION 7.02. Investments. Make or hold any Investments, except:

(a) Investments by the Borrower or a Restricted Subsidiary in assets that were
Cash Equivalents when such Investment was made;

(b) loans or advances to officers, directors and employees of Holdings (or any
direct or indirect parent thereof), any Intermediate Holding Company, the
Borrower or the Restricted Subsidiaries (i) for reasonable and customary
business-related travel, entertainment, relocation and analogous ordinary
business purposes, (ii) in connection with such Person’s purchase of Equity
Interests of Holdings (or any direct or indirect parent thereof or after a
Qualifying IPO, any Intermediate Holding Company or the Borrower) (provided that
the amount of such loans and advances shall be contributed to the Borrower in
cash as common equity) and (iii) for purposes not described in the foregoing
clauses (i) and (ii), in an aggregate principal amount outstanding not to exceed
$20,000,000;

(c) asset purchases (including purchases of inventory, supplies and materials)
and the licensing or contribution of intellectual property pursuant to joint
marketing arrangements with other Persons, in each case in the ordinary course
of business;

(d) Investments (i) by any Loan Party in any other Loan Party, (ii) by any
Non-Loan Party in any other Non-Loan Party that is a Restricted Subsidiary,
(iii) by any Non-Loan Party in any Loan Party, (iv) by any Loan Party in any
Non-Loan Party that is a Restricted Subsidiary; provided that all such
Investments pursuant to this clause (iv)

 

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shall be in the form of intercompany loans and evidenced by notes that have been
pledged (individually or pursuant to a global note) to the Collateral Agent for
the benefit of the Lenders (provided that in order to comply with the laws and
regulations of a jurisdiction where such Non-Loan Party is located or organized,
Investments in an aggregate amount not to exceed $250,000,000 may be structured
as an equity contribution or otherwise in a form other than an intercompany
loan); provided further that to the extent that the amount of intercompany loans
outstanding to any Non-Loan Party pursuant to this clause (iv) exceeds
$75,000,000, such Non-Loan Party shall not be entitled to incur secured
Indebtedness in excess of 50% of the aggregate amount of all such intercompany
loans outstanding to such Non-Loan Party;

(e) Investments consisting of extensions of credit in the nature of accounts
receivable or notes receivable arising from the grant of trade credit in the
ordinary course of business, and Investments received in satisfaction or partial
satisfaction thereof from financially troubled account debtors and other credits
to suppliers in the ordinary course of business;

(f) Investments consisting of Liens, Indebtedness, fundamental changes,
Dispositions and Restricted Payments permitted under Sections 7.01, 7.03, 7.04,
7.05 and 7.06, respectively;

(g) Investments (i) existing or contemplated on the date hereof and set forth on
Schedule 7.02(g) and any modification, replacement, renewal, reinvestment or
extension thereof and (ii) existing on the date hereof by the Borrower or any
Restricted Subsidiary in the Borrower or any other Restricted Subsidiary and any
modification, renewal or extension thereof; provided that the amount of any
Investment permitted pursuant to this Section 7.02(g) is not increased from the
amount of such Investment on the Closing Date except pursuant to the terms of
such Investment as of the Closing Date or as otherwise permitted by this
Section 7.02;

(h) Investments in Swap Contracts permitted under Section 7.03;

(i) promissory notes and other noncash consideration received in connection with
Dispositions permitted by Section 7.05;

(j) the purchase or other acquisition of property and assets or businesses of
any Person or of assets constituting a business unit, a line of business or
division of such Person, or Equity Interests in a Person that, upon the
consummation thereof, will be a Subsidiary of the Borrower (including as a
result of a merger or consolidation); provided that, with respect to each
purchase or other acquisition made pursuant to this Section 7.02(j) (each, a
“Permitted Acquisition”):

(A) subject to clause (B) below, a majority of all property, assets and
businesses acquired in such purchase or other acquisition shall constitute
Collateral and each applicable Loan Party andto the extent required by
Section 6.11, any such newly created or acquired Subsidiary (and, to the extent
required under the Collateral and Guarantee Requirement, the Subsidiaries of
such created

 

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(t) Indebtedness in respect of the High Yield Notes and any Permitted
Refinancing thereof;

(u) [Intentionally omitted]Indebtedness in respect of (i) any Permitted Other
Debt issued or incurred in exchange for, or which modifies, extends, refinances,
renews, replaces or refunds or the Net Cash Proceeds therefrom are applied to
the prepayment of Term Loans in the manner set forth in Section 2.05(b)(iii) and
(ii) any refinancing, refunding, renewal or extension of such Indebtedness;
provided that, in the case of this subclause (ii) except to the extent otherwise
permitted hereunder, (x) the principal amount of any such Indebtedness is not
increased above the principal amount thereof outstanding immediately prior to
such refinancing, refunding, renewal or extension (except for any original issue
discount thereon and the amount of fees, expenses and premium in connection with
such refinancing) and (y) such Indebtedness otherwise complies with the
definition of Permitted Other Debt;

(v) Indebtedness incurred by a Foreign Subsidiary which, when aggregated with
the principal amount of all other Indebtedness incurred pursuant to this clause
(v) and then outstanding, does not exceed the greater of $100,000,000 and 5% of
Foreign Subsidiary Total Assets;

(w) (i) Indebtedness under a Subordinated Lien Facility in an aggregate
principal amount not to exceed $200,000,000 at any time outstanding; provided
that at the time of the incurrence of such Indebtedness and after giving Pro
Forma Effect thereto, no Default exists or would result therefrom, and
(ii) Permitted Refinancings in respect thereof; provided that the amount of
Indebtedness incurred pursuant to this clause (w) shall reduce on a
dollar-for-dollar basis the Incremental Availability;

(x) Unsecured Indebtedness of the Borrower or any Restricted Subsidiary;
provided that (A) both immediately prior and after giving Pro Forma Effect to
such incurrence no Default or Event of Default shall exist or result therefrom
and (B) if such Indebtedness is subordinated to the Obligations, it is done so
on terms no less favorable to the Lenders than the subordination terms set forth
in the Senior Subordinated Notes Indenture as of the Closing Date;

(y) Indebtedness of the Borrower or any Restricted Subsidiary incurred to
finance a Permitted Acquisition; provided that, both immediately prior to and
after giving effect thereto, (i) no Default shall exist or result therefrom and
(ii) the Borrower shall be in compliance with the Senior Secured Incurrence Test
(calculated on a Pro Forma Basis); and

(z) all premiums (if any), interest (including post-petition interest), fees,
expenses, charges and additional or contingent interest on obligations described
in clauses (a) through (y) above.

For purposes of determining compliance with any Dollar-denominated restriction
on the incurrence of Indebtedness, the Dollar-equivalent principal amount of
Indebtedness denominated in a foreign currency shall be calculated based on the
relevant currency exchange arrangement, adjustment or composition affecting the
Obligations or the rights of any Lender or to authorize the Administrative Agent
to vote in respect of the claim of any Lender in any such proceeding.

 

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SECTION 9.11. Collateral and Guaranty Matters. The Lenders irrevocably agree:

(a) that any Lien on any property granted to or held by the Administrative Agent
or the Collateral Agent under any Loan Document shall be automatically released
(i) upon termination of the Aggregate Commitments and payment in full of all
Obligations (other than (x) obligations under Secured Hedge Agreements not yet
due and payable, (y) Cash Management Obligations not yet due and payable and
(z) contingent indemnification obligations not yet accrued and payable), the
expiration or termination of all Letters of Credit and any other obligation
(including a guarantee that is contingent in nature), (ii) at the time the
property subject to such Lien is transferred or to be transferred as part of or
in connection with any transfer permitted hereunder or under any other Loan
Document to any Person other than the Borrower or any of its Domestic
Subsidiaries that are Restricted Subsidiaries, (iii) subject to Section 10.01,
if the release of such Lien is approved, authorized or ratified in writing by
the Required Lenders, or (iv) if the property subject to such Lien is owned by a
Guarantor, upon release of such Guarantor from its obligations under its
Guaranty pursuant to clause (c) below;

(b) to release or subordinate any Lien on any property granted to or held by the
Administrative Agent or the Collateral Agent under any Loan Document to the
holder of any Lien on such property that is permitted by Section 7.01(i);

(c) that any Subsidiary Guarantor shall be automatically released from its
obligations under the Guaranty if such Person ceases to be a Restricted
Subsidiary as a result of a transaction or designation permitted hereunder;
provided that no such release shall occur if such Guarantor continues to be a
guarantor in respect of the High Yield Notes, any Permitted Refinancing thereof
or any Junior Financing; and

(d) if any Subsidiary Guarantor shall cease to be a Material Subsidiary (as
certified in writing by a Responsible Officer), (i) such Subsidiary shall be
automatically released from its obligations under any Guaranty and (ii) any
Liens granted by such Subsidiary or Liens on the Equity Interests of such
Subsidiary shall be automatically released; provided that no such release shall
occur if such Subsidiary continues to be a guarantor in respect of the High
Yield Notes, any Permitted Refinancing thereof or any Junior Financing; and

(e) (x) the Collateral Agent may, without any further consent of any Lender,
enter into or amend (i) a First Lien Intercreditor Agreement with the collateral
agent or other representatives of the holders of Permitted Other Debt issued
pursuant to Section 7.03(u) that is intended to be secured on a pari passu basis
with the Obligations and/or (ii) a Second Lien Intercreditor Agreement with the
collateral agent or other representatives of the holders of Indebtedness that is
permitted to be secured by a Lien on the Collateral ranking junior to the Lien
securing the Obligations that is permitted by Section 7.03, (y) the Collateral
Agent may rely exclusively on a certificate of a Responsible Officer of the
Borrower as to whether any such other Liens are permitted and (z) any First Lien
Intercreditor Agreement or Second Lien Intercreditor Agreement entered into by
the Collateral Agent shall be binding on the Secured Parties.

 

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Upon request by the Administrative Agent at any time, the Required Lenders will
confirm in writing the Administrative Agent’s authority to release or
subordinate its interest in particular types or items of property, or to release
any Guarantor from its obligations under the Guaranty pursuant to this
Section 9.11. In each case as specified in this Section 9.11, the Administrative
Agent will promptly (and each Lender irrevocably authorizes the Administrative
Agent to), at the Borrower’s expense, execute and deliver to the applicable Loan
Party such documents as such Loan Party may reasonably request to evidence the
release or subordination of such item of Collateral from the assignment and
security interest granted under the Collateral Documents, or to evidence the
release of such Guarantor from its obligations under the Guaranty, in each case
in accordance with the terms of the Loan Documents and this Section 9.11.

SECTION 9.12. Other Agents; Arrangers and Managers. None of the Lenders or other
Persons identified on the facing page or signature pages of this Agreement as a
“syndication agent”, “documentation agent”, “joint bookrunner” or “arranger”
shall have any right, power, obligation, liability, responsibility or duty under
this Agreement other than those applicable to all Lenders as such. Without
limiting the foregoing, none of the Lenders or other Persons so identified shall
have or be deemed to have any fiduciary relationship with any Lender. Each
Lender acknowledges that it has not relied, and will not rely, on any of the
Lenders or other Persons so identified in deciding to enter into this Agreement
or in taking or not taking action hereunder.

SECTION 9.13. Appointment of Supplemental Administrative Agents.

(a) It is the purpose of this Agreement and the other Loan Documents that there
shall be no violation of any Law of any jurisdiction denying or restricting the
right of banking corporations or associations to transact business as agent or
trustee in such jurisdiction. It is recognized that in case of litigation under
this Agreement or any of the other Loan Documents, and in particular in case of
the enforcement of any of the Loan Documents, or in case the Administrative
Agent deems that by reason of any present or future Law of any jurisdiction it
may not exercise any of the rights, powers or remedies granted herein or in any
of the other Loan Documents or take any other action which may be desirable or
necessary in connection therewith, the Administrative Agent is hereby authorized
to appoint an additional individual or institution selected by the
Administrative Agent in its sole discretion as a separate trustee, co-trustee,
administrative agent, collateral agent, administrative sub- agent or
administrative co -agent (any such additional individual or institution being
referred to herein individually as a “Supplemental Administrative Agent” and
collectively as “Supplemental Administrative Agents”).

(b) In the event that the Administrative Agent appoints a Supplemental
Administrative Agent with respect to any Collateral, (i) each and every right,
power, privilege or duty expressed or intended by this Agreement or any of the
other Loan Documents to be exercised by or vested in or conveyed to the
Administrative Agent with respect to such

 

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

 

PTS ACQUISITION CORP.

as Borrower,

By:      

    Name:

    Title:

PTS INTERMEDIATE HOLDINGS LLC

as Holdings,

By:           Name:       Title: The undersigned, as the successor by merger to
PTS Acquisition Corp., on the Closing Date, hereby assumes and agrees to pay and
perform all of the Obligations hereunder and under the Loan Documents. CARDINAL
HEALTH 409, INC. By:           Name:       Title:

 

[Cardinal Credit Agreement]