Exhibit 10.1

EXECUTION VERSION

AMENDMENT NO. 4 TO CREDIT AGREEMENT

AMENDMENT NO. 4 (this “Fourth Amendment”) dated as of October 17, 2014 to the
Credit Agreement dated as of December 12, 2012 (as amended by Amendment No. 1 to
the Credit Agreement dated as of March 13, 2013, Amendment No. 2 to the Credit
Agreement dated as of May 16, 2013 and Amendment No. 3 to the Credit Agreement
dated as of July 11, 2013 and as otherwise modified prior to the date hereof,
the “Credit Agreement”), among TEMPUR SEALY INTERNATIONAL, INC. (formerly known
as Tempur-Pedic International Inc., the “Parent”), TEMPUR-PEDIC MANAGEMENT, LLC
(the “Lead Borrower”), TEMPUR-PEDIC NORTH AMERICA, LLC, TEMPUR PRODUCTION USA,
LLC and SEALY INC., each as a Borrower, the Guarantors identified therein, each
lender from time to time party thereto (collectively, the “Lenders” and
individually, a “Lender”) and BANK OF AMERICA, N.A., as Administrative Agent,
Swingline Lender and L/C Issuer.

WHEREAS, the Borrowers have requested that the Credit Agreement be amended on
the terms set forth herein, and each Lender party hereto consents to this Fourth
Amendment.

WHEREAS, this Fourth Amendment includes amendments to the Credit Agreement that
are subject to the approval of the Required Lenders, and that, in each case,
will become effective on the Fourth Amendment Effective Date on the terms and
subject to the conditions set forth herein;

Accordingly, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:

ARTICLE I

DEFINITIONS

Section 1.01 Definitions. Capitalized terms used and not otherwise defined
herein have the meanings assigned to them in the Credit Agreement as amended by
this Fourth Amendment.

ARTICLE II

AMENDMENTS TO THE CREDIT AGREEMENT

Section 2.01 Amendments to Credit Agreement. Each of the parties hereto agrees
that, effective on the Fourth Amendment Effective Date, the Credit Agreement
shall be 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 A hereto.

Section 2.02 Amendments to Schedule 8.01 and Schedule 8.03. Each of the parties
hereto agrees that, effective on the Fourth Amendment Effective Date, Schedule
8.01 and Schedule 8.03 to the Credit Agreement shall be 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
Schedule 8.01 and Schedule 8.03 to the Credit Agreement attached as Exhibit B
hereto.

Section 2.03 Addition of Schedule 1.01-4 to the Credit Agreement. Each of the
parties hereto agrees that, effective on the Fourth Amendment Effective Date,
Schedule 1.01-4, as set forth on Exhibit C attached hereto, shall be added to
the Credit Agreement as Schedule 1.01-4 thereto.

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

ARTICLE III

REPRESENTATIONS AND WARRANTIES

Section 3.01 Representations and Warranties. To induce the other parties hereto
to enter into this Fourth Amendment, each Credit Party represents and warrants
for itself (and not any other Credit Party) to each other party hereto, on and
as of the Fourth Amendment Effective Date, that the following statements are
true and correct in all material respects on and as of the Fourth Amendment
Effective Date:

(a) The execution, delivery and performance by each Credit Party of this Fourth
Amendment have been duly authorized by all necessary corporate or other
organizational action, and do not and will not contravene the terms of any of
such Credit Party’s Organization Documents;

(b) This Fourth Amendment has been duly executed and delivered by each Credit
Party. This Fourth Amendment constitutes a legal, valid and binding obligation
of each Credit Party, enforceable against each Credit Party in accordance with
its terms, except to the extent the enforceability thereof may be limited by
applicable Debtor Relief Laws affecting creditors’ rights generally and by
equitable principles of law (regardless of whether enforcement is sought in
equity or at law);

(c) The representations and warranties of the Borrowers and each other Credit
Party contained in Article 6 of the Credit Agreement or any other Credit
Document are true and correct in all material respects on and as of the Fourth
Amendment Effective Date, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they shall be
true and correct in all material respects as of such earlier date and, except
that for purposes of this paragraph, the representations and warranties
contained in subsections (a) and (b) of Section 6.05 of the Credit Agreement
shall be deemed to refer to the most recent statements furnished pursuant to
clauses (a) and (b) respectively, of Section 7.01 of the Credit Agreement; and

(d) As of the Fourth Amendment Effective Date, no Default or Event of Default
shall exist immediately before or immediately after giving effect to this Fourth
Amendment.

ARTICLE IV

CONDITIONS TO EFFECTIVENESS

Section 4.01 Fourth Amendment Effective Date. This Fourth Amendment shall become
effective as of the first date (the “Fourth Amendment Effective Date”) on which
each of the following conditions shall have been satisfied:

(a) Execution and Delivery of this Fourth Amendment. The Administrative Agent
shall have received a counterpart signature page of this Fourth Amendment duly
executed by each of the Credit Parties, the Administrative Agent and Lenders
sufficient to constitute, collectively, the Required Lenders.

 

2

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

(b) Payment of Fees.

(i) The Administrative Agent (or its applicable Affiliate) shall have received a
fee for the account of each Lender that consents to this Fourth Amendment by
executing and delivering this Fourth Amendment to the Administrative Agent
appropriately completed on or prior to 12:00 noon, New York City time, on
October 15, 2014 (the “Consent Date” and each such Lender, a “Consenting
Lender”), equal to 0.25% of the aggregate principal amount of Loans held by such
Consenting Lender as of the Consent Date to this Fourth Amendment; and

(ii) The Administrative Agent shall have received payment of all reasonable and
documented fees and expenses of counsel for the Administrative Agent as set
forth in Section 11.04 of the Credit Agreement.

Section 4.02 Effects of this Fourth Amendment.

(a) Except as expressly set forth herein, this Fourth Amendment shall not by
implication or otherwise limit, impair, constitute a waiver of or otherwise
affect the rights and remedies of the Lenders or the Administrative Agent under
the existing Credit Agreement or any other Credit Document, and shall not alter,
modify, amend or in any way affect any of the terms, conditions, obligations,
covenants or agreements contained in the existing Credit Agreement or any other
provision of the existing Credit Agreement or of any other Credit Document, all
of which are ratified and affirmed in all respects and shall continue in full
force and effect. Except as expressly set forth herein, nothing herein shall be
deemed to be a waiver, amendment, modification or other change of, any of the
terms, conditions, obligations, covenants or agreements contained in the Credit
Agreement or any other Credit Document in similar or different circumstances.

(b) From and after the Fourth Amendment Effective Date, each reference in the
Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words
of like import, and each reference to the Credit Agreement in any other Credit
Document shall be deemed a reference to the Credit Agreement as amended hereby.
This Fourth Amendment shall constitute a “Credit Document” for all purposes of
the Credit Agreement and the other Credit Documents.

ARTICLE V

REAFFIRMATION

Section 5.01 Reaffirmation. Notwithstanding the effectiveness of this Fourth
Amendment and the transactions contemplated hereby, (i) each Credit Party
acknowledges and agrees that each Credit Document to which it is a party is
hereby confirmed and ratified and shall remain in full force and effect
according to its respective terms (in the case of the Credit Agreement, as
amended hereby) and (ii) each Guarantor hereby confirms and ratifies its
continuing unconditional obligations as Guarantor under the Credit Agreement
with respect to all of the Obligations.

ARTICLE VI

MISCELLANEOUS

Section 6.01 Governing Law. THIS FOURTH AMENDMENT AND ANY CLAIM, CONTROVERSY OR
DISPUTE ARISING UNDER OR RELATED TO THIS FOURTH AMENDMENT (INCLUDING, WITHOUT
LIMITATION, ANY CLAIMS SOUNDING IN

 

3

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

CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

Section 6.02 Costs and Expenses. The Borrowers agree to reimburse the
Administrative Agent for its actual and reasonable costs and expenses in
connection with this Fourth Amendment to the extent required pursuant to
Section 11.04 of the Credit Agreement.

Section 6.03 Counterparts; Effectiveness. This Fourth Amendment may be executed
in any number of counterparts, each of which when so executed and delivered
shall be deemed an original, but all of which together shall constitute one and
the same instrument. Delivery by facsimile or other electronic imaging means of
an executed counterpart of a signature page to this Fourth Amendment shall be
effective as delivery of an original executed counterpart of this Fourth
Amendment.

Section 6.04 Headings. Section headings herein are included herein for
convenience of reference only and shall not constitute a part hereof for any
other purpose or be given any substantive effect.

[Signature Pages Follow]

 

4

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

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

[The remainder of this page intentionally left blank]

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

TEMPUR SEALY INTERNATIONAL, INC. (formerly known as Tempur-Pedic International
Inc.), a Delaware corporation TEMPUR-PEDIC MANAGEMENT, LLC, a Delaware limited
liability company TEMPUR WORLD, LLC, a Delaware limited liability company TEMPUR
PRODUCTION USA, LLC, a Virginia limited liability company By:  

/s/ William H. Poche

Name:   William H. Poche Title:   Treasurer and Assistant Secretary TEMPUR-PEDIC
MANUFACTURING, INC., a Delaware corporation DAWN SLEEP TECHNOLOGIES, INC., a
Delaware corporation TEMPUR-PEDIC SALES, INC., a Delaware corporation
TEMPUR-PEDIC NORTH AMERICA, LLC, a Delaware limited liability company
TEMPUR-PEDIC TECHNOLOGIES, INC., a Delaware corporation By:  

/s/ William H. Poche

Name:   William H. Poche Title:   Treasurer TEMPUR-PEDIC AMERICA, LLC, a
Delaware limited liability company By:  

/s/ William H. Poche

Name:   William H. Poche Title:   Treasurer

 

[Signature Page to Fourth Amendment]

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

SEALY CORPORATION, a Delaware corporation SEALY MATTRESS CORPORATION, a Delaware
corporation SEALY MATTRESS COMPANY, an Ohio corporation OHIO-SEALY MATTRESS
MANUFACTURING CO. INC., a Massachusetts corporation OHIO-SEALY MATTRESS
MANUFACTURING CO., a Georgia corporation SEALY MATTRESS COMPANY OF KANSAS CITY,
INC., a Missouri corporation SEALY MATTRESS COMPANY OF ILLINOIS, an Illinois
corporation A. BRANDWEIN & CO., an Illinois corporation SEALY MATTRESS COMPANY
OF ALBANY, INC., a New York corporation SEALY OF MARYLAND AND VIRGINIA, INC., a
Maryland corporation SEALY OF MINNESOTA, INC., a Minnesota corporation NORTH
AMERICAN BEDDING COMPANY, an Ohio corporation SEALY, INC., an Ohio corporation
THE OHIO MATTRESS COMPANY LICENSING AND COMPONENTS GROUP, a Delaware corporation
SEALY MATTRESS MANUFACTURING COMPANY, INC., a Delaware corporation SEALY
TECHNOLOGY LLC, a North Carolina limited liability company By:  

/s/ Dale E. Williams

Name:   Dale E. Williams Title:   Executive Vice President and Chief Financial
Officer

 

[Signature Page to Fourth Amendment]

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

SEALY-KOREA, INC., a Delaware corporation MATTRESS HOLDINGS INTERNATIONAL, LLC,
a Delaware limited liability company SEALY REAL ESTATE, INC., a North Carolina
corporation SEALY MATTRESS COMPANY OF PUERTO RICO, an Ohio corporation SEALY
TEXAS MANAGEMENT, INC., a Texas corporation WESTERN MATTRESS COMPANY, a
California corporation SEALY MATTRESS COMPANY OF MEMPHIS, a Tennessee
corporation SEALY MATTRESS CO. OF S.W. VIRGINIA, a Virginia corporation ADVANCED
SLEEP PRODUCTS, a California corporation SEALY COMPONENTS-PADS, INC., a Delaware
corporation SEALY MATTRESS COMPANY OF MICHIGAN, INC., a Michigan corporation By:
 

/s/ Dale E. Williams

Name:   Dale E. Williams Title:   Executive Vice President and Chief Financial
Officer

 

[Signature Page to Fourth Amendment]

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

BANK OF AMERICA, N.A., as Administrative Agent By:  

/s/ Cindy Jordan

Name:   Cindy Jordan Title:   Assistant Vice President

 

[Signature Page to Fourth Amendment]

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

Jamestown CLO II Ltd. as a Lender By: 3i Debt Management US, LLC as Manager By:
 

/s/ David Nadeau

Name:   David Nadeau Title:   Partner

 

[Signature Page to Fourth Amendment]

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

ASFl Loan Funding LLC as a Lender By:   Citibank, N.A., By:  

/s/ Lauri Pool

Name:   Lauri Pool Title:   Associate Director

 

[Signature Page to Fourth Amendment]

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

Davidson River Trading, LLC as a Lender By:   SunTrust Bank, as manager By:  

/s/ Joshua Lowe

Name:   Joshua Lowe Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Hewett’s Island CLO I-R, Ltd. as a Lender By: Acis Capital Management, LP, its
Collateral Manager By: Acis Capital Management GP, LLC, its general partner By:
 

/s/ Carter Chism

Name:   Carter Chism Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

One Wall Street CLO II LTD as a Lender By: Alcentra NY, LLC, as investment
advisor By:  

/s/ Andrew Sieurin

Name:   Andrew Sieurin Title:   Credit Analyst

 

[Signature Page to Fourth Amendment]

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

Pacifica CDO VI LTD as a Lender By: Alcentra NY, LLC, as investment advisor By:
 

/s/ Andrew Sieurin

Name:   Andrew Sieurin Title:   Credit Analyst

 

[Signature Page to Fourth Amendment]

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

US Bank Loan Fund (M)

Master Trust

as a Lender

By: Alcentra NY, LLC, as investment advisor By:  

/s/ Andrew Sieurin

Name:   Andrew Sieurin Title:   Credit Analyst

 

[Signature Page to Fourth Amendment]

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

Westwood CDO I LTD as a Lender By: Alcentra NY, LLC, as investment advisor By:  

/s/ Andrew Sieurin

Name:   Andrew Sieurin Title:   Credit Analyst

 

[Signature Page to Fourth Amendment]

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

Westwood CDO II LTD as a Lender By: Alcentra NY, LLC, as investment advisor By:
 

/s/ Andrew Sieurin

Name:   Andrew Sieurin Title:   Credit Analyst

 

[Signature Page to Fourth Amendment]

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

The Dreyfus/Laurel Funds, Inc. - Dreyfus Floating Rate Income Fund

as a Lender

By: Alcentra NY, LLC, as investment advisor By:  

/s/ Andrew Sieurin

Name:   Andrew Sieurin Title:   Credit Analyst

 

[Signature Page to Fourth Amendment]

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

Shackleton 2013-III CLO, Ltd.

as a Lender

By: Alcentra NY, LLC, as investment advisor By:  

/s/ Andrew Sieurin

Name:   Andrew Sieurin Title:   Credit Analyst

 

[Signature Page to Fourth Amendment]

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

Shackleton 2013-IV CLO, LTD

as a Lender by Alcentra NY, LLC as its Collateral Manager By:  

/s/ Andrew Sieurin

Name:   Andrew Sieurin Title:   Credit Analyst

 

[Signature Page to Fourth Amendment]

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

Shackleton 2014-V CLO, Ltd. as a Lender By:  

/s/ Andrew Sieurin

Name:   Andrew Sieurin Title:   Credit Analyst

 

[Signature Page to Fourth Amendment]

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

Shackleton I CLO, Ltd. as a Lender By: Alcentra NY, LLC, as investment advisor
By:  

/s/ Andrew Sieurin

Name:   Andrew Sieurin Title:   Credit Analyst

 

[Signature Page to Fourth Amendment]

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

Shackleton II CLO, Ltd. as a Lender By:   Alcentra NY, LLC By:  

/s/ Andrew Sieurin

Name:   Andrew Sieurin Title:   Credit Analyst

 

[Signature Page to Fourth Amendment]

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

Amalgamated Bank, as a Lender By:  

/s/ Jackson Eng

Name:   Jackson Eng Title:   First Vice President By:  

 

  Name:   Title:

 

[Signature Page to Fourth Amendment]

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

ACAS CLO 2007-1, Ltd. as a Lender By: American Capital CLO Management, LLC
(f/k/a American Capital Leveraged Finance Management, LLC), its Manager By:  

/s/ William Weiss

Name:   William Weiss Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

ACAS CLO 2012-1, Ltd. as a Lender By: American Capital CLO Management, LLC
(f/k/a American Capital Leveraged Finance Management, LLC), its Manager By:  

/s/ William Weiss

Name:   William Weiss Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

ACAS CLO 2013-1, Ltd. as a Lender By: American Capital CLO Management, LLC
(f/k/a American Capital Leveraged Finance Management, LLC), its Manager By:  

/s/ William Weiss

Name:   William Weiss Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

AZB Funding as a Lender By:  

/s/ Hiroshi Matsumoto

Name:   Hiroshi Matsumoto Title:   Deputy General Manager

 

[Signature Page to Fourth Amendment]

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

BROWN BROTHERS HARRIMAN TRUST COMPANY (CAYMAN) LIMITED acting solely in its
capacity as Trustee of BABSON CAPITAL BANK LOAN FUND, a series trust of the
Multi Manager Global Investment Trust, as a Lender By: Babson Capital Management
LLC as Investment Manager and Attorney-in-fact By:  

/s/ Jeff Stewart

Name:   Jeff Stewart Title:   Director The foregoing is executed on behalf of
the Babson Capital Bank Loan Fund, organized under a Supplemental Declaration of
Trust dated as of June 10, 2013, as amended from time to time. The obligations
of such Trust are not personally binding upon, nor shall resort be had to the
property of the Trustee. The total liability of the Trustee shall be limited to
the amount of the trust property.

 

[Signature Page to Fourth Amendment]

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

Ballyrock CLO 2013-1 Limited By: Ballyrock Investment Advisors LLC, as
Collateral Manager, as a Lender By:  

/s/ Lisa Rymut

Name:   Lisa Rymut Title:   Assistant Treasurer

 

[Signature Page to Fourth Amendment]

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

BANK OF AMERICA, N.A., as a Lender By:  

/s/ Thomas C. Kilcrease Jr

Name:   Thomas C. Kilcrease Jr Title:   Senior Vice President

 

[Signature Page to Fourth Amendment]

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

Zeus Trading, LLC as a Lender By:  

/s/ Jonathan Barnes

Name:   Jonathan Barnes Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

ARCHES FUNDING ULC as a Lender By:  

/s/ Mobasharul Islam

Name:   Mobasharul Islam Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Bank of the Cascades,

as a Lender

By:  

/s/ Dan Lee

Name:   Dan Lee Title:   EVP, Chief Credit Officer

 

[Signature Page to Fourth Amendment]

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

BANNER BANK as a Lender By:  

/s/ Rita E. Dillon

Name:   Rita E. Dillon Title:   Senior Vice President

 

[Signature Page to Fourth Amendment]

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

Barclays Bank PLC as a Lender By:  

/s/ Ronnie Glenn

Name:   Ronnie Glenn Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Black Diamond CLO 2013-1 Ltd. as a Lender By: Black Diamond CLO 2013-1 Adviser,
L.L.C. As its Collateral Manager By:  

/s/ Stephen H. Deckoff

Name:   Stephen H. Deckoff Title:   Managing Principal

 

[Signature Page to Fourth Amendment]

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

CANARAS SUMMIT CLO LTD. as a Lender By: Canaras Capital Management, LLC As
Sub-Investment Adviser By:  

/s/ Marc McAfee

Name:   Marc McAfee Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

Saranac CLO I Limited as a Lender By: Canaras Capital Management, LLC As
Sub-Investment Adviser By:  

/s/ Marc McAfee

Name:   Marc McAfee Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

Saranac CLO II Limited as a Lender By: Canaras Capital Management, LLC As
Sub-Investment Adviser By:  

/s/ Marc McAfee

Name:   Marc McAfee Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

Capital Bank, N.A. as a Lender By:  

/s/ William W. Adams Jr

Name:   William W. Adams Jr Title:   Senior Vice President

 

[Signature Page to Fourth Amendment]

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

Capital One Business Credit Corp. as a Lender By:  

/s/ Ron Walker

Name:   Ron Walker Title:   Senior Vice President

 

[Signature Page to Fourth Amendment]

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

CFIP CLO 2013-1, Ltd. as a Lender By: Chicago Fundamental Investment Partners,
LLC, as Collateral Manager By:  

/s/ Steven J. Novatney

Name:   Steven J. Novatney Title:   General Counsel & CCO

 

[Signature Page to Fourth Amendment]

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

CFIP CLO 2014-1, Ltd. as a Lender By: Chicago Fundamental Investment Partners,
LLC, as Collateral Manager By:  

/s/ Steven J. Novatney

Name:   Steven J. Novatney Title:   General Counsel & CCO

 

[Signature Page to Fourth Amendment]

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

CITIZENS BANK OF PENNSYLVANIA as a Lender By:  

/s/ Philip R. Medsger

Name:   Philip R. Medsger Title:   Senior Vice President

 

[Signature Page to Fourth Amendment]

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

Cent CDO 12 Limited as a Lender By: Columbia Management Investment Advisers, LLC
As Collateral Manager By:  

/s/ Steven B. Staver

Name:   Steven B. Staver Title:   Assistant Vice President

 

[Signature Page to Fourth Amendment]

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

Cent CDO 14 Limited as a Lender By: Columbia Management Investment Advisers, LLC
As Collateral Manager By:  

/s/ Steven B. Staver

Name:   Steven B. Staver Title:   Assistant Vice President

 

[Signature Page to Fourth Amendment]

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

Cent CDO 15 Limited as a Lender By: Columbia Management Investment Advisers, LLC
As Collateral Manager By:  

/s/ Steven B. Staver

Name:   Steven B. Staver Title:   Assistant Vice President

 

[Signature Page to Fourth Amendment]

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

Cent CDO XI Limited as a Lender By: Columbia Management Investment Advisers, LLC
As Collateral Manager By:  

/s/ Steven B. Staver

Name:   Steven B. Staver Title:   Assistant Vice President

 

[Signature Page to Fourth Amendment]

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

Cent CLO 16, L.P. as a Lender By: Columbia Management Investment Advisers, LLC
As Collateral Manager By:  

/s/ Steven B. Staver

Name:   Steven B. Staver Title:   Assistant Vice President

 

[Signature Page to Fourth Amendment]

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

Cent CLO 17 Limited as a Lender By: Columbia Management Investment Advisers, LLC
As Collateral Manager By:  

/s/ Steven B. Staver

Name:   Steven B. Staver Title:   Assistant Vice President

 

[Signature Page to Fourth Amendment]

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

Cent CLO 18 Limited as a Lender By: Columbia Management Investment Advisers, LLC
As Collateral Manager By:  

/s/ Steven B. Staver

Name:   Steven B. Staver Title:   Assistant Vice President

 

[Signature Page to Fourth Amendment]

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

Cent CLO 19 Limited as a Lender By: Columbia Management Investment Advisers, LLC
As Collateral Manager By:  

/s/ Steven B. Staver

Name:   Steven B. Staver Title:   Assistant Vice President

 

[Signature Page to Fourth Amendment]

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

Cent CLO 20 Limited as a Lender By: Columbia Management Investment Advisers, LLC
As Collateral Manager By:  

/s/ Steven B. Staver

Name:   Steven B. Staver Title:   Assistant Vice President

 

[Signature Page to Fourth Amendment]

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

Cent CLO 21 Limited as a Lender By: Columbia Management Investment Advisers, LLC
As Collateral Manager By:  

/s/ Steven B. Staver

Name:   Steven B. Staver Title:   Assistant Vice President

 

[Signature Page to Fourth Amendment]

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

Columbia Floating Rate Fund, a series of Columbia Funds Series Trust II as a
Lender By:  

/s/ Steven B. Staver

Name:   Steven B. Staver Title:   Assistant Vice President

 

[Signature Page to Fourth Amendment]

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

RiverSource Life Insurance Company as a Lender By:  

/s/ Steven B. Staver

Name:   Steven B. Staver Title:   Assistant Vice President

 

[Signature Page to Fourth Amendment]

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

Compass Bank as a Lender By:  

/s/ Collis Sanders

Name:   Collis Sanders Title:   Executive Vice President

 

[Signature Page to Fourth Amendment]

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

CREDIT SUISSE NOVA (LUX) as a Lender 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) By:
 

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

BA/CSCREDIT 1 LLC as a Lender By: Credit Suisse Asset Management, LLC, as
investment manager By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

BENTHAM WHOLESALE

SYNDICATED LOAN FUND

as a Lender

By: Credit Suisse Asset Management, LLC, as agent (sub-advisor) for Challenger
Investment Services Limited, the Responsible Entity for Bentham Wholesale
Syndicated Loan Fund By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

CALIFORNIA STATE TEACHERS’ RETIREMENT SYSTEM as a Lender By: Credit Suisse Asset
Management, LLC, as investment manager By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

CREDIT SUISSE DOLLAR SENIOR LOAN FUND, LTD.

as a Lender

By: Credit Suisse Asset Management, LLC, as investment manager By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

CREDIT SUISSE FLOATING RATE HIGH INCOME FUND as a Lender By: Credit Suisse Asset
Management, LLC, as investment advisor By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

HYFI LOAN FUND as a Lender By: Credit Suisse Asset Management, LLC, as
investment manager By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

MADISON PARK FUNDING V, LTD.

as a Lender

By: Credit Suisse Asset Management, LLC, as collateral manager By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

MADISON PARK FUNDING VI, LTD.

as a Lender

By: Credit Suisse Asset Management, LLC, as collateral manager By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

MADISON PARK FUNDING VII, LTD. as a Lender By: Credit Suisse Asset Management,
LLC, as portfolio manager By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

MADISON PARK FUNDING VIII, LTD.

as a Lender

By: Credit Suisse Asset Management, LLC, as portfolio manager By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

PK-SSL Investment Fund Limited Partnership

as a Lender

By: Credit Suisse Asset Management, LLC, as its Investment Manager By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

QUALCOMM GLOBAL TRADING PTE. LTD.

as a Lender

By: Credit Suisse Asset Management, LLC, as investment manager By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

STATE OF NEW MEXICO STATE INVESTMENT COUNCIL as a Lender By: authority delegated
to the New Mexico State Investment Office By: Credit Suisse Asset Management,
LLC, its investment manager By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

THE CITY OF NEW YORK GROUP TRUST

as a Lender

By: Credit Suisse Asset Management, LLC, as its manager By:  

/s/ Thomas Flannery

Name:   Thomas Flannery Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Vibrant CLO II, Ltd. as a Lender By: DFG Investment Advisers, Inc., as Portfolio
Manager By:  

/s/ David Millison

Name:   David Millison Title:   Managing Partner and Senior Portfolio Manager

 

[Signature Page to Fourth Amendment]

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

VIBRANT CLO, LTD. as a Lender

By: DFG Investment Advisers, Inc.

as Portfolio Manager

By:  

/s/ David Millison

Name:   David Millison Title:   Managing Partner and Senior Portfolio Manager

 

[Signature Page to Fourth Amendment]

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

Longfellow Place CLO, Ltd. as a Lender By:  

/s/ Scott D’Orsi

Name:   Scott D’Orsi Title:   Portfolio Manager

 

[Signature Page to Fourth Amendment]

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

Staniford Street CLO, Ltd. as a Lender By:  

/s/ Scott D’Orsi

Name:   Scott D’Orsi Title:   Portfolio Manager

 

[Signature Page to Fourth Amendment]

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

FIFTH THIRD BANK

an Ohio banking corporation

as a Lender

By:  

/s/ Mary-Alicha Weldon

Name:   Mary-Alicha Weldon Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Advanced Series Trust-AST FI Pyramis Quantitative Portfolio By:  

Pyramis Global Advisors LLC

as Investment Manager,

as a Lender

By:  

/s/ Susanne Riche

Name:   Susanne Riche Title:   Director

 

[Signature Page to Fourth Amendment]

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

Fidelity Advisor Series I: Fidelity Advisor Floating Rate High Income Fund,

as a Lender

By:  

/s/ Jonathan Davis

Name:   Jonathan Davis Title:   Assistant Treasurer

 

[Signature Page to Fourth Amendment]

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

Fidelity Central Investment Portfolios LLC: Fidelity High Income Central Fund 2,

as a Lender

By:  

/s/ Jonathan Davis

Name:   Jonathan Davis Title:   Assistant Treasurer

 

[Signature Page to Fourth Amendment]

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

Fidelity Summer Street Trust: Fidelity High Income Fund,

as a Lender

By:  

/s/ Stacie M. Smith

Name:   Stacie M. Smith Title:   Assistant Treasurer

 

[Signature Page to Fourth Amendment]

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

Fidelity Summer Street Trust: Fidelity Series High Income Fund,

as a Lender

By:  

/s/ Jonathan Davis

Name:   Jonathan Davis Title:   Assistant Treasurer

 

[Signature Page to Fourth Amendment]

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

Pyramis Floating Rate High Income Commingled Pool By:  

Pyramis Global Advisors Trust Company

as Trustee,

  as a Lender By:  

/s/ Susanne Riche

Name:   Susanne Riche Title:   Director

 

[Signature Page to Fourth Amendment]

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

Fidelity Summer Street Trust: Fidelity Series High Income Fund,

as a Lender

By:  

/s/ Jonathan Davis

  Name:   Jonathan Davis   Title:   Assistant Treasurer

 

[Signature Page to Fourth Amendment]

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

Fraser Sullivan CLO VII Ltd. as a Lender

By: 3i Debt Management US, LLC

as Manager

By:  

/s/ David Nadeau

  Name:   David Nadeau   Title:   Partner

 

[Signature Page to Fourth Amendment]

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

GOLDMAN SACHS CREDIT PARTNERS L.P. as a Lender By:  

/s/ Michelle Latzoni

  Name:   Michelle Latzoni   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Keuka Park CLO, Ltd. as a Lender

By: GSO / Blackstone Debt Funds Management LLC

as Collateral Manager

By:  

/s/ D. Sean Cort

  Name:   D. Sean Cort   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Marine Park CLO Ltd. as a Lender

By: GSO / Blackstone Debt Funds Management LLC

as Collateral Manager

By:  

/s/ D. Sean Cort

  Name:   D. Sean Cort   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

American Equity Investment Life Insurance Company

as a Lender

By:  

/s/ D. Sean Cort

  Name:   D. Sean Cort   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

United HealthCare Insurance Company

as a Lender

By: GSO Capital Advisors LLC
as Manager By:  

/s/ D. Sean Cort

  Name:   D. Sean Cort   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

United HealthCare Insurance Company

as a Lender

By: GSO Capital Advisors II LLC
as Manager By:  

/s/ D. Sean Cort

  Name:   D. Sean Cort   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Xilinx Holding Six Limited as a Lender By: GSO Capital Advisors LLC, As its
Investment Manager By:  

/s/ D. Sean Cort

  Name:   D. Sean Cort   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Finn Square CLO, Ltd. as a Lender By: GSO / Blackstone Debt Funds Management LLC
as Collateral Manager By:  

/s/ D. Sean Cort

  Name:   D. Sean Cort   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Gramercy Park CLO Ltd. as a Lender By: GSO / Blackstone Debt Funds Management
LLC
as Collateral Manager By:  

/s/ D. Sean Cort

  Name:   D. Sean Cort   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Musashi Secured Credit Fund Ltd.

as a Lender

By: GSO Capital Advisors LLC, as Manager By:  

/s/ D. Sean Cort

  Name:   D. Sean Cort   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Sun Life Assurance Company of Canada (US)

as a Lender

By: GSO / Blackstone Debt Funds Management LLC
as Sub-Advisor By:  

/s/ D. Sean Cort

  Name:   D. Sean Cort   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Aberdeen Loan Funding, Ltd as a Lender By: Highland Capital Management, L.P.
As Collateral Manager By:  

/s/ Carter Chism

  Name:   Carter Chism   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Brentwood CLO, Ltd. as a Lender By: Highland Capital Management, L.P.,
As Collateral Manager By:  

/s/ Carter Chism

  Name:   Carter Chism   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Eastland CLO, Ltd. as a Lender By: Highland Capital Management, L.P.,
As Collateral Manager By:  

/s/ Carter Chism

  Name:   Carter Chism   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Grayson CLO, Ltd. as a Lender By: Highland Capital Management, L.P.
As Collateral Manager By:  

/s/ Carter Chism

  Name:   Carter Chism   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Greenbriar CLO, LTD. as a Lender By: Highland Capital Management, L.P.,
As Collateral Manager By:  

/s/ Carter Chism

  Name:   Carter Chism   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Red River CLO, Ltd as a Lender By: Highland Capital Management, L.P.,
As Collateral Manager By:  

/s/ Carter Chism

  Name:   Carter Chism   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Rockwall CDO II Ltd. as a Lender By: Highland Capital Management, L.P.;
As Collateral Manager By:  

/s/ Carter Chism

  Name:   Carter Chism   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Stratford CLO, Ltd. as a Lender By: Highland Capital Management, L.P.
As Collateral Manager By:  

/s/ Carter Chism

  Name:   Carter Chism   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Westchester CLO, Ltd. as a Lender By: Highland Capital Management, L.P.
As Collateral Manager By:  

/s/ Carter Chism

  Name:   Carter Chism   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Marea CLO, Ltd.
as a Lender By: Invesco Senior Secured Management, Inc.
as Collateral Manager By:  

/s/ Phil Yarrow

  Name:   Phil Yarrow   Title:   Authorized Individual

 

[Signature Page to Fourth Amendment]

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

North End CLO, Ltd
as a Lender By: Invesco Senior Secured Management, Inc.
as Investment Manager By:  

/s/ Phil Yarrow

  Name:   Phil Yarrow   Title:   Authorized Individual

 

[Signature Page to Fourth Amendment]

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

Avalon IV Capital, Ltd.
as a Lender By: Invesco Senior Secured Management, Inc.
as Asset Manager By:  

/s/ Phil Yarrow

  Name:   Phil Yarrow   Title:   Authorized Individual

 

[Signature Page to Fourth Amendment]

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

Hudson Canyon Funding II, Ltd.
as a Lender By: Invesco Senior Secured Management, Inc.
as Collateral Manager and Attorney in Fact By:  

/s/ Phil Yarrow

  Name:   Phil Yarrow   Title:   Authorized Individual

 

[Signature Page to Fourth Amendment]

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

Nautique Funding Ltd
as a Lender By: Invesco Senior Secured Management, Inc.
as Collateral Manager By:  

/s/ Phil Yarrow

  Name:   Phil Yarrow   Title:   Authorized Individual

 

[Signature Page to Fourth Amendment]

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

JFIN CLO 2013 LTD By: Jefferies Finance
as Portfolio Manager as a Lender By:  

/s/ Stephen Goetschius

  Name:   Stephen Goetschius   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

JMP Credit Advisors CLO I Ltd. By: Cratos CDO Management LLC
As Attorney-in-Fact By: JMP Credit Advisors LLC Its Manager By:  

/s/ Jeremy Phipps

  Name:   Jeremy Phipps   Title:   Director

 

[Signature Page to Fourth Amendment]

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

JMP Credit Advisors CLO II Ltd. By: JMP Credit Advisors LLC
As Attorney-in-Fact By:  

/s/ Jeremy Phipps

  Name:   Jeremy Phipps   Title:   Director

 

[Signature Page to Fourth Amendment]

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

JPMORGAN CHASE BANK, N.A.,
as a Lender By:  

/s/ Olivier Lopez

  Name:   Olivier Lopez   Title:   Underwriter

 

[Signature Page to Fourth Amendment]

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

KeyBank National Association
as a Lender By:  

/s/ Marianne T. Meil

  Name:   Marianne T. Meil   Title:   Senior Vice President

 

[Signature Page to Fourth Amendment]

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

KVK CLO 2012-2, LTD.
as a Lender By:  

/s/ David Cifonelli

  Name:   David Cifonelli   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

KVK CLO 2013-1, Ltd
as a Lender By:  

/s/ David Cifonelli

  Name:   David Cifonelli   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

KVK CLO 2013-2, LTD.
as a Lender By:  

/s/ David Cifonelli

  Name:   David Cifonelli   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

FRANKLIN ALTERNATIVE STRATEGIES FUNDS — FRANKLIN K2 ALTERNATIVE STRATEGIES FUND,

As Lender

By:   Loomis, Sayles & Company, L.P.,   Its Investment Manager By:   Loomis,
Sayles & Company, Incorporated,   Its General Partner as a Lender By:  

/s/ Mary McCarthy

  Name:   Mary McCarthy   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

INDIANA UNIVERSITY

As Lender

By:   Loomis, Sayles & Company, L.P.,   Its Investment Manager By:   Loomis,
Sayles & Company, Incorporated,   Its General Partner as a Lender By:  

/s/ Mary McCarthy

  Name:   Mary McCarthy   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

LITMAN GREGORY

MASTERS ALTERNATIVE STRATEGIES FUND,

As Lender

By:   Loomis, Sayles & Company, L.P.,   As Sub-advisor for Litman Gregory Fund
Advisors, LLC as a Lender By:  

/s/ Mary McCarthy

  Name:   Mary McCarthy   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

LOOMIS SAYLES CORE PLUS FIXED INCOME FUND, As Lender By:   Loomis Sayles Trust
Company, LLC,   As Trustee of Loomis Sayles Core Plus Trust as a Lender By:  

/s/ Mary McCarthy

  Name:   Mary McCarthy   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

LOOMIS SAYLES CORE PLUS FIXED INCOME TRUST, As Lender By:   Loomis Sayles Trust
Company, LLC,   As Trustee of Loomis Sayles Core Plus Fixed Income Trust as a
Lender By:  

/s/ Mary McCarthy

  Name:   Mary McCarthy   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

LOOMIS SAYLES STRATEGIC ALPHA FUND, As Lender By:   Loomis, Sayles & Company,
L.P.,   Its Investment Manager By:   Loomis, Sayles & Company, Incorporated,  
Its General Partner as a Lender By:  

/s/ Mary McCarthy

  Name:   Mary McCarthy   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

LOOMIS SAYLES STRATEGIC ALPHA TRUST, As Lender By:   Loomis Sayles Trust
Company, LLC,   As Trustee of Loomis Sayles Strategic Alpha Trust as a Lender
By:  

/s/ Mary McCarthy

  Name:   Mary McCarthy   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

PRINCIPAL FUNDS, INC - GLOBAL MULTI STRATEGY FUND, As Lender By:   Loomis,
Sayles & Company, L.P.,   Its Sub-Advisor By:   Loomis, Sayles & Company,
Incorporated,   Its General Partner as a Lender By:  

/s/ Mary McCarthy

  Name:   Mary McCarthy   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

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 Lender By:  

/s/ Mary McCarthy

  Name:   Mary McCarthy   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Mizuho Bank, Ltd. as a Lender By:  

/s/ James Fayen

  Name:   James Fayen   Title:   Deputy General Manager

 

[Signature Page to Fourth Amendment]

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

Venture IX CDO, Limited as a Lender By: its investment advisor, MJX Asset
Management LLC By:  

/s/ Fred Taylor

  Name:   Fred Taylor   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Venture VI CDO, Limited as a Lender By: its investment advisor, MJX Asset
Management, LLC By:  

/s/ Fred Taylor

  Name:   Fred Taylor   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Venture VII CDO Limited as a Lender By: its investment advisor, MJX Asset
Management, LLC By:  

/s/ Fred Taylor

  Name:   Fred Taylor   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Venture VIII CDO, Limited as a Lender By: its investment advisor, MJX Asset
Management, LLC By:  

/s/ Fred Taylor

  Name:   Fred Taylor   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Venture X CLO, Limited as a Lender By: its investment advisor, MJX Asset
Management, LLC By:  

/s/ Fred Taylor

  Name:   Fred Taylor   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Venture XI CLO, Limited as a Lender By: its investment advisor, MJX Asset
Management, LLC By:  

/s/ Fred Taylor

  Name:   Fred Taylor   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Venture XII CLO, Limited as a Lender By:   its investment advisor MJX Asset
Management LLC By:  

/s/ Fred Taylor

  Name:   Fred Taylor   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Venture XIV CLO, Limited as a Lender By: its investment advisor MJX Asset
Management LLC By:  

/s/ Fred Taylor

  Name:   Fred Taylor   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Venture XV CLO, Limited as a Lender By: its investment advisor MJX Asset
Management LLC By:  

/s/ Fred Taylor

  Name:   Fred Taylor   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Neuberger Berman CLO XIII, Ltd.

as a Lender

By:  

/s/ Colin Donlan

  Name:   Colin Donlan   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Neuberger Berman CLO XIV, Ltd. as a Lender By: Neuberger Berman Fixed Income LLC
as collateral manager By:  

/s/ Colin Donlan

  Name:   Colin Donlan   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Neuberger Berman CLO XV, Ltd. as a Lender By: Neuberger Berman Fixed Income LLC
as collateral manager By:  

/s/ Colin Donlan

  Name:   Colin Donlan   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

Neuberger Berman CLO XVI, Ltd. as a Lender By:  

/s/ Colin Donlan

  Name:   Colin Donlan   Title:   Authorized Signatory

 

[Signature Page to Fourth Amendment]

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

MainStay Floating Rate Fund, a series of MainStay Funds Trust By: NYL Investors
LLC, its Investment Manager MainStay VP Floating Rate Portfolio, a series of
MainStay VP Funds Trust By: NYL Investors LLC, its Investment Manager Silverado
CLO 2006-II Limited By: New York Life Investment Management LLC, as Portfolio
Manager and Attorney-in-Fact Flatiron CLO 2011-1 Ltd. By: New York Life
Investment Management LLC, as Collateral Manager and Attorney-In-Fact Flatiron
CLO 2012-1 Ltd. By: New York Life Investment Management LLC, as Collateral
Manager and Attorney-In-Fact Flatiron CLO 2007-1 Ltd. By: New York Life
Investment Management LLC, as Collateral Manager and Attorney-In-Fact as a
Lender By:  

/s/ Elizabeth A. Standbridge

  Name:   Elizabeth A. Standbridge   Title:   Senior Director

 

[Signature Page to Fourth Amendment]

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

NexBank SSB as a Lender By:  

/s/ Matt Siekielski

  Name:   Matt Siekielski   Title:   Chief Operating Officer

 

[Signature Page to Fourth Amendment]

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

Nordea Bank Finland Plc, as a Lender By:  

/s/ Mogens R. Jensen

  Mogens R. Jensen   Senior Vice President By:  

/s/ Magnus Asplund

  Magnus Asplund   Vice President

 

[Signature Page to Fourth Amendment]

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

Hamlet II, Ltd. as a Lender

By: Octagon Credit Investors, LLC

as Portfolio Manager

By:  

/s/ Margaret B. Harvey

  Name:   Margaret B. Harvey   Title:   Managing Director of Portfolio
Administration

 

[Signature Page to Fourth Amendment]

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

Octagon Delaware Trust 2011 as a Lender

By: Octagon Credit Investors, LLC

as Portfolio Manager

By:  

/s/ Margaret B. Harvey

  Name:   Margaret B. Harvey   Title:   Managing Director of Portfolio
Administration

 

[Signature Page to Fourth Amendment]

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

Octagon Investment Partners IX, Ltd. as a Lender

By: Octagon Credit Investors, LLC

as Manager

By:  

/s/ Margaret B. Harvey

  Name:   Margaret B. Harvey   Title:   Managing Director of Portfolio
Administration

 

[Signature Page to Fourth Amendment]

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

Octagon Investment Partners XIV, Ltd. as a Lender

By: Octagon Credit Investors, LLC

as Collateral Manager

By:  

/s/ Margaret B. Harvey

  Name:   Margaret B. Harvey   Title:   Managing Director of Portfolio
Administration

 

[Signature Page to Fourth Amendment]

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

Octagon Investment Partners XVIII, Ltd. as a Lender By:   Octagon Credit
Investors, LLC as Collateral Manager By:  

/s/ Margaret B. Harvey

  Name:   Margaret B. Harvey   Title:   Managing Director of Portfolio
Administration

 

[Signature Page to Fourth Amendment]

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

G.A.S. (Cayman) Limited, as Trustee on behalf of

Octagon Joint Credit Trust Series I (and not in its individual capacity)

as a Lender

By: Octagon Credit Investors, LLC, as Portfolio Manager By:  

/s/ Margaret B. Harvey

  Name:   Margaret B. Harvey   Title:   Managing Director of Portfolio
Administration

 

[Signature Page to Fourth Amendment]

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

Octagon Paul Credit Fund Series I, Ltd. as a Lender By:   Octagon Credit
Investors, LLC as Portfolio Manager By:  

/s/ Margaret B. Harvey

  Name:   Margaret Harvey   Title:   Managing Director of Portfolio
Administration

 

[Signature Page to Fourth Amendment]

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

OptumHealth Bank, Inc.

as a Lender

By:   GSO Capital Advisors LLC as Manager By:  

/s/ D. Sean Cort

  Name:   D. Sean Cort   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

OZLM Funding II, Ltd.

as a Lender

By: Och-Ziff Loan Management LP, its collateral manager By: Och-Ziff Loan
Management LLC, its general partner By:  

/s/ Joel Frank

  Name:   Joel Frank   Title:   Chief Financial Officer

 

[Signature Page to Fourth Amendment]

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

A Series Trust of Multi Manager Global Investment Trust - PIMCO Cayman Bank Loan
Libor Plus Fund JPY Hedge By:   Pacific Investment Management Company LLC, as
its Investment Advisor By:  

/s/ Arthur Y.D. Ong

  Arthur Y.D. Ong   Executive Vice President

 

[Signature Page to Fourth Amendment]

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

Employees’ Retirement System of the State of Rhode Island By:   Pacific
Investment Management Company LLC, as its Investment Advisor By:  

/s/ Arthur Y.D. Ong

  Arthur Y.D. Ong   Executive Vice President

 

[Signature Page to Fourth Amendment]

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

PIMCO Bermuda Trust II: PIMCO Bermuda Bank Loan Fund (M) By:   Pacific
Investment Management Company LLC, as its Investment Advisor By:  

/s/ Arthur Y.D. Ong

  Arthur Y.D. Ong   Executive Vice President

 

[Signature Page to Fourth Amendment]

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

PIMCO Cayman Trust: PIMCO Cayman Bank Loan Fund By:   Pacific Investment
Management Company LLC, as its Investment Advisor By:  

/s/ Arthur Y.D. Ong

  Arthur Y.D. Ong   Executive Vice President

 

[Signature Page to Fourth Amendment]

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

PIMCO Funds: PIMCO Senior Floating Rate Fund By:   Pacific Investment Management
Company LLC, as its Investment Advisor By:  

/s/ Arthur Y.D. Ong

  Arthur Y.D. Ong   Executive Vice President

 

[Signature Page to Fourth Amendment]

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

Portola CLO, Ltd. By:   Pacific Investment Management Company LLC, as its
Investment Advisor By:  

/s/ Arthur Y.D. Ong

  Arthur Y.D. Ong   Executive Vice President

 

[Signature Page to Fourth Amendment]

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

Regence Bluecross Blueshield of Oregon By:   Pacific Investment Management
Company LLC, as its Investment Advisor By:  

/s/ Arthur Y.D. Ong

  Arthur Y.D. Ong   Executive Vice President

 

[Signature Page to Fourth Amendment]

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

Regence Bluecross Blueshield of Utah By:   Pacific Investment Management Company
LLC, as its Investment Advisor By:  

/s/ Arthur Y.D. Ong

  Arthur Y.D. Ong   Executive Vice President

 

[Signature Page to Fourth Amendment]

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

Regence Blueshield By:   Pacific Investment Management Company LLC, as its
Investment Advisor By:  

/s/ Arthur Y.D. Ong

  Arthur Y.D. Ong   Executive Vice President

 

[Signature Page to Fourth Amendment]

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

Regence Blueshield of Idaho By:   Pacific Investment Management Company LLC, as
its Investment Advisor By:  

/s/ Arthur Y.D. Ong

  Arthur Y.D. Ong   Executive Vice President

 

[Signature Page to Fourth Amendment]

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

TRALEE CLO II, LTD as a Lender By:   Par-Four Investment Management, LLC As
Collateral Manager By:  

/s/ Dennis Gorczyca

  Name:   Dennis Gorczyca   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

TRALEE CLO III, LTD. as a Lender By:   Par-Four Investment Management, LLC As
Collateral Manager By:  

/s/ Dennis Gorczyca

  Name:   Dennis Gorczyca   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Ascension Alpha Fund, LLC as a Lender By:   Pioneer Institutional Asset
Management, Inc. As its adviser By:  

/s/ Margaret C. Begley

  Name:   Margaret C. Begley   Title:   Secretary and Associate General Counsel

 

[Signature Page to Fourth Amendment]

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

Met Investors Series Trust - Pioneer Strategic Income Portfolio as a Lender By:
  Pioneer Investment Management, Inc. As its adviser By:  

/s/ Margaret C. Begley

  Name:   Margaret C. Begley   Title:   Secretary and Associate General Counsel

 

[Signature Page to Fourth Amendment]

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

Metropolitan Water Reclamation District Retirement Fund as a Lender By:  
Pioneer Institutional Asset Management, Inc. As its adviser By:  

/s/ Margaret C. Begley

  Name:   Margaret C. Begley   Title:   Secretary and Associate General Counsel

 

[Signature Page to Fourth Amendment]

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

Pioneer Dynamic Credit Fund as a Lender By:   Pioneer Investment Management,
Inc. As its adviser By:  

/s/ Margaret C. Begley

  Name:   Margaret C. Begley   Title:   Secretary and Associate General Counsel

 

[Signature Page to Fourth Amendment]

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

Pioneer Floating Rate Fund as a Lender By:   Pioneer Investment Management, Inc.
As its adviser By:  

/s/ Margaret C. Begley

  Name:   Margaret C. Begley   Title:   Secretary and Associate General Counsel

 

[Signature Page to Fourth Amendment]

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

Pioneer Floating Rate Trust as a Lender By:   Pioneer Investment Management,
Inc. As its adviser By:  

/s/ Margaret C. Begley

  Name:   Margaret C. Begley   Title:   Secretary and Associate General Counsel

 

[Signature Page to Fourth Amendment]

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

Pioneer Institutional Multi-Sector Fixed Income Portfolio as a Lender By:  
Pioneer Institutional Asset Management, Inc. As its adviser By:  

/s/ Margaret C. Begley

  Name:   Margaret C. Begley   Title:   Secretary and Associate General Counsel

 

[Signature Page to Fourth Amendment]

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

Pioneer Institutional Solutions - Credit Opportunities as a Lender By:   Pioneer
Investment Management, Inc. As its adviser By:  

/s/ Margaret C. Begley

  Name:   Margaret C. Begley   Title:   Secretary and Associate General Counsel

 

[Signature Page to Fourth Amendment]

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

Pioneer Multi-Asset Ultrashort Income Fund as a Lender By:   Pioneer Investment
Management, Inc. As its adviser By:  

/s/ Margaret C. Begley

  Name:   Margaret C. Begley   Title:   Secretary and Associate General Counsel

 

[Signature Page to Fourth Amendment]

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

Pioneer Multi-Sector Fixed Income Trust as a Lender By:   Pioneer Institutional
Asset Management, Inc. As its adviser By:  

/s/ Margaret C. Begley

  Name:   Margaret C. Begley   Title:   Secretary and Associate General Counsel

 

[Signature Page to Fourth Amendment]

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

Pioneer Strategic Income Fund as a Lender By:   Pioneer Investment Management,
Inc. As its adviser By:  

/s/ Margaret C. Begley

  Name:   Margaret C. Begley   Title:   Secretary and Associate General Counsel

 

[Signature Page to Fourth Amendment]

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

Stichting Pensioenfonds Medische Specialisten as a Lender By:   Pioneer
Institutional Asset Management, Inc. As its adviser By:  

/s/ Margaret C. Begley

  Name:   Margaret C. Begley   Title:   Secretary and Associate General Counsel

 

[Signature Page to Fourth Amendment]

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

JNL/PPM America Floating Rate Income Fund, a series of the JNL Series Trust By:
  PPM America, Inc., as sub-adviser By:  

/s/ Chris Kappas

  Chris Kappas   Managing Director

 

[Signature Page to Fourth Amendment]

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

PPM GRAYHAWK CLO, LTD By:   PPM America, Inc., as Collateral Manager By:  

/s/ Chris Kappas

  Chris Kappas   Managing Director

 

[Signature Page to Fourth Amendment]

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

Specialized Investment Management SICAV - SIF - Corporate Loan Master Fund, as a
Lender By: Zaisgroup International LLP, as Investment Advisor By: Pramerica
Investment Management Limited, as Portfolio Advisor By: Pramerica Investment
Management (a trading name of Prudential Investment Management, Inc.), as
Sub-Advisor By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Benefit Street Partners CLO III, Ltd. as a Lender By:  

/s/ Jamie Smith

  Name:   Jamie Smith   Title:   Authorized Signer

 

[Signature Page to Fourth Amendment]

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

Dryden XXIII Senior Loan Fund, as a Lender By: Prudential Investment Management,
Inc., as Collateral Manager By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Dryden XXIV Senior Loan Fund, as a Lender By: Prudential Investment Management,
Inc., as Collateral Manager By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Dryden XXV Senior Loan Fund, as a Lender By: Prudential Investment Management,
Inc., as Collateral Manager By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Pramerica Loan Opportunities Limited, as a Lender By: Pramerica Investment
Management, a trading name of Prudential Investment Management, Inc. as
Investment Manager By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Dryden 31 Senior Loan Fund, as a Lender By: Prudential Investment Management,
Inc., as Collateral Manager By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Dryden 33 Senior Loan Fund, as a Lender By: Prudential Investment Management,
Inc., as Collateral Manager By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Dryden 34 Senior Loan Fund, as a Lender By: Prudential Investment Management,
Inc., as Collateral Manager By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Dryden XI - Leveraged Loan CDO 2006, as a Lender By: Prudential Investment
Management, Inc., as Collateral Manager By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Dryden XVI - Leveraged Loan CDO 2006, as a Lender By: Prudential Investment
Management, Inc., as Collateral Manager By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Dryden XVIII Leveraged Loan 2007 Ltd., as a Lender By: Prudential Investment
Management, Inc., as Collateral Manager By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Dryden XXVI Senior Loan Fund, as a Lender By: Prudential Investment Management,
Inc., as Collateral Manager By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Dryden XXVIII Senior Loan Fund, as a Lender By: Prudential Investment
Management, Inc., as Collateral Manager By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Gateway CLO Limited, as a Lender By: Prudential Investment Management, Inc., as
Collateral Manager By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Prudential Bank Loan Fund of the Prudential Trust Company Collective Trust, as a
Lender By: Prudential Investment Management, Inc., as Investment Advisor By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Prudential Investment Portfolios, Inc. 14 - Prudential Floating Rate Income
Fund, as a Lender By: Prudential Investment Management, Inc., as Investment
Advisor By:  

/s/ Joseph Lemanowicz

  Name:   Joseph Lemanowicz   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

PUTNAM FLOATING RATE INCOME FUND By:  

/s/ Beth Mazor

  Name:   Beth Mazor   Title:   V. P.

 

[Signature Page to Fourth Amendment]

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

Regions Bank, as a Lender By:  

/s/ Walter Balch

  Name:   Walter Balch   Title:   Managing Director

 

[Signature Page to Fourth Amendment]

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

Westbrook CLO Ltd. as a Lender By:   SHENKMAN CAPITAL MANAGEMENT, INC., as
Investment Manager By:  

/s/ Justin Slatky

  Name:   Justin Slatky   Title:   Senior Vice President

 

[Signature Page to Fourth Amendment]

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

State Street Bank & Trust Co. as a Lender By:  

/s/ Jason C. Bliss

  Name:   Jason C. Bliss   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Sumitomo Mitsui Banking Corporation as a Lender By:  

/s/ David W. Kee

  David W. Kee   Managing Director

 

[Signature Page to Fourth Amendment]

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

Sumitomo Mitsui Trust Bank, Limited New York Branch as a Lender By:  

/s/ Tim Ng

  Name:   Tim Ng   Title:   Senior Director

 

[Signature Page to Fourth Amendment]

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

Nuveen Diversified Dividend & Income Fund as a Lender By:   Symphony Asset
Management LLC By:  

/s/ Scott Caraher

  Name:   Scott Caraher   Title:   Portfolio Manager

 

[Signature Page to Fourth Amendment]

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

Nuveen Floating Rate Income Fund as a Lender By:   Symphony Asset Management LLC
By:  

/s/ Scott Caraher

  Name:   Scott Caraher   Title:   Portfolio Manager

 

[Signature Page to Fourth Amendment]

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

Nuveen Floating Rate Income Opportunity Fund as a Lender By:   Symphony Asset
Management LLC By:  

/s/ Scott Caraher

  Name:   Scott Caraher   Title:   Portfolio Manager

 

[Signature Page to Fourth Amendment]

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

Nuveen Tax Advantaged Total Return Strategy Fund as a Lender By:   Symphony
Asset Management LLC By:  

/s/ Scott Caraher

  Name:   Scott Caraher   Title:   Portfolio Manager

 

[Signature Page to Fourth Amendment]

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

Symphony CLO II, LTD. as a Lender By:   Symphony Asset Management LLC By:  

/s/ Scott Caraher

  Name:   Scott Caraher   Title:   Portfolio Manager

 

[Signature Page to Fourth Amendment]

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

Symphony CLO V LTD. as a Lender By:   Symphony Asset Management LLC By:  

/s/ Scott Caraher

  Name:   Scott Caraher   Title:   Portfolio Manager

 

[Signature Page to Fourth Amendment]

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

ACE American Insurance Company as a Lender By: T. Rowe Price Associates, Inc. as
investment advisor By:  

/s/ Brian Burns

  Name:   Brian Burns   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

T. Rowe Price High Yield Multi-Sector Account Portfolio as a Lender By:  

/s/ Brian Burns

  Name:   Brian Burns   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Muir Grove CLO, Ltd. By: Tall Tree Investment Management, LLC as Collateral
Manager By:  

/s/ Douglas L. Winchell

  Name:   Douglas L. Winchell   Title:   Officer

 

[Signature Page to Fourth Amendment]

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

Trinitas CLO I, Ltd. as a Lender By:  

/s/ Gibran Mahmud

  Name:   Gibran Mahmud   Title:   Chief Investment Officer of Triumph Capital
Advisors, LLC As Asset Manager

 

[Signature Page to Fourth Amendment]

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

Trinitas CLO II, Ltd. as a Lender By:  

/s/ Gibran Mahmud

  Name:   Gibran Mahmud   Title:   Chief Investment Officer

 

[Signature Page to Fourth Amendment]

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

Saranac CLO III Limited as a Lender By:   Canaras Capital Management, LLC As
Sub-Investment Adviser By:  

/s/ Marc McAfee

  Name:   Marc McAfee   Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

Crown Point CLO Ltd. as a Lender By:  

/s/ John J. D’Angelo

  Name:   John J. D’Angelo   Title:   Sr. Portfolio Manager

 

[Signature Page to Fourth Amendment]

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

Voya CLO III, Ltd. as a Lender By: Voya Alternative Asset Management LLC, as its
investment manager By:  

/s/ Romain Catois

  Name:   Romain Catois   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Voya CLO IV, Ltd. as a Lender By: Voya Alternative Asset Management LLC, as its
investment manager By:  

/s/ Romain Catois

  Name:   Romain Catois   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Voya CLO V, Ltd. as a Lender By: Voya Alternative Asset Management LLC, as its
investment manager By:  

/s/ Romain Catois

  Name:   Romain Catois   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

American Honda Master Retirement Trust as a Lender By: Wellington Management
Company, LLP as its Investment Adviser By:  

/s/ Jessica Gravel

  Name:   Jessica Gravel   Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

Hartford Total Return Bond HLS Fund as a Lender By: Wellington Management
Company, LLP as its Investment Adviser By:  

/s/ Jessica Gravel

  Name:   Jessica Gravel   Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

Metropolitan Series Fund WMC Balanced Portfolio as a Lender By: Wellington
Management Company, LLP as its Investment Adviser By:  

/s/ Jessica Gravel

  Name:   Jessica Gravel   Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

SunAmerica Senior Floating Rate Fund, Inc. as a Lender By: Wellington Management
Company, LLP as its Investment Adviser By:  

/s/ Jessica Gravel

  Name:   Jessica Gravel   Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

The Hartford Total Return Bond Fund as a Lender By: Wellington Management
Company, LLP as its Investment Adviser By:  

/s/ Jessica Gravel

  Name:   Jessica Gravel   Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

Wellington Management Portfolios (Luxembourg) IV SICAV - FIS - Multi-Sector
Credit Portfolio as a Lender By: Wellington Management Company, LLP as its
Investment Adviser By:  

/s/ Jessica Gravel

  Name:   Jessica Gravel   Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

Wellington Trust Company, National Association Multiple Common Trust Funds Trust
- Opportunistic Fixed Income Allocation Portfolio as a Lender By: Wellington
Management Company, LLP as its Investment Adviser By:  

/s/ Jessica Gravel

  Name:   Jessica Gravel   Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

Wellington Trust Company, National Association Multiple Collective Investment
Funds Trust II, Core Bond Plus/High Yield Bond Portfolio as a Lender By:
Wellington Management Company, LLP as its Investment Advisor By:  

/s/ Jessica Gravel

  Name:   Jessica Gravel   Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

Wellington Trust Company, NA Multiple Collective Investment Funds Trust II,
Multi Sector Credit Portfolio as a Lender By: Wellington Management Company, LLP
as its Investment Adviser By:  

/s/ Jessica Gravel

  Name:   Jessica Gravel   Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

Workers Compensation Fund as a Lender By: Wellington Management Company, LLP as
its Investment Adviser By:  

/s/ Jessica Gravel

  Name:   Jessica Gravel   Title:   Analyst

 

[Signature Page to Fourth Amendment]

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

City of New York Group Trust as a Lender By:  

/s/ Benjamin Fandinola

  Name:   Benjamin Fandinola   Title:   Trade Operations Specialist

 

[Signature Page to Fourth Amendment]

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

Mt. Whitney Securities, LLC as a Lender By:  

/s/ Benjamin Fandinola

  Name:   Benjamin Fandinola   Title:   Trade Operations Specialist

 

[Signature Page to Fourth Amendment]

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

Wells Fargo Advantage Multi-Sector Income Fund as a Lender By:  

/s/ Benjamin Fandinola

  Name:   Benjamin Fandinola   Title:   Trade Operations Specialist

 

[Signature Page to Fourth Amendment]

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

Wells Fargo Floating Rate Loan Fund as a Lender By:  

/s/ Benjamin Fandinola

  Name:   Benjamin Fandinola   Title:   Trade Operations Specialist

 

[Signature Page to Fourth Amendment]

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

Wells Fargo Bank, N.A. as a Lender By:  

/s/ Bryan Hulker

  Name:   Bryan Hulker   Title:   Senior Vice President

 

[Signature Page to Fourth Amendment]

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

Western Alliance Bank, as successor-in-interest to Torrey Pines Bank, as a
Lender By:  

/s/ Roham Medifar

  Name:   Roham Medifar   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Wintrust Bank as a Lender By:  

/s/ Ryan Stafford

  Name:   Ryan Stafford   Title:   Vice President

 

[Signature Page to Fourth Amendment]

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

Exhibit A

[Amendments to Credit Agreement attached]

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

TABLE OF CONTENTS

 

 

 

     PAGE  

ARTICLE 1

DEFINITIONS AND ACCOUNTING TERMS

  

Section 1.01. Defined Terms.

     1   

Section 1.02. Interpretive Provisions.

     4649   

Section 1.03. Accounting Terms and Provisions.

     4750   

Section 1.04. Rounding.

     4751   

Section 1.05. Times of Day.

     4851   

Section 1.06. Letter of Credit Amounts.

     4851   

Section 1.07. Pro Forma Calculations.

     4851   

ARTICLE 2

COMMITMENTS AND CREDIT EXTENSIONS

  

Section 2.01. Commitments.

     4952   

Section 2.02. Borrowings, Conversions and Continuations.

     5054   

Section 2.03. Additional Provisions with Respect to Letters of Credit.

     5256   

Section 2.04. Additional Provisions with Respect to Swingline Loans.

     5964   

Section 2.05. Repayment of Loans.

     6266   

Section 2.06. Prepayments.

     6368   

Section 2.07. Termination or Reduction of Commitments.

     6772   

Section 2.08. Interest.

     6873   

Section 2.09. Fees.

     6974   

Section 2.10. Computation of Interest and Fees; Retroactive Adjustments to
Applicable Percentage.

     7176   

Section 2.11. Payments Generally; Administrative Agent’s Clawback.

     7176   

Section 2.12. Sharing of Payments by Lenders.

     7378   

Section 2.13. Evidence of Debt.

     7479   

Section 2.14. Designated Borrowers.

     7479   

Section 2.15. Joint and Several Liability.

     7580   

Section 2.16. Cash Collateral.

     7682   

Section 2.17. Defaulting Lenders.

     7783   

Section 2.18. Incremental Facilities.

     7985   

Section 2.19. Amend and Extend Transactions.

     8187   

Section 2.20. Credit Agreement Refinancing Facilities.

     8388   

ARTICLE 3

TAXES, YIELD PROTECTION AND ILLEGALITY

  

Section 3.01. Taxes.

     8590   

Section 3.02. Illegality.

     8995   

Section 3.03. Inability to Determine Rates.

     9096   

Section 3.04. Increased Cost; Capital Adequacy.

     9096   

Section 3.05. Compensation for Losses.

     9298   

Section 3.06. Mitigation Obligations; Replacement of Lenders.

     9298   

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

Section 3.07. Survival Losses.

     9399   

ARTICLE 4

GUARANTY

  

Section 4.01. The Guaranty.

     9399   

Section 4.02. Obligations Unconditional.

     9399   

Section 4.03. Reinstatement.

     94100   

Section 4.04. Certain Waivers.

     94101   

Section 4.05. Remedies.

     95101   

Section 4.06. Rights of Contribution.

     95101   

Section 4.07. Guaranty of Payment; Continuing Guarantee.

     95101   

Section 4.08 Keepwell.

     95   

ARTICLE 5

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

  

Section 5.01. Conditions to the Closing Date.

     96102   

Section 5.02. Conditions to all Credit Extensions.

     99105   

Section 5.03. Conditions to the Effective Date.

     100106   

ARTICLE 6

REPRESENTATIONS AND WARRANTIES

  

Section 6.01. Existence, Qualification and Power.

     101107   

Section 6.02. Authorization; No Contravention.

     101107   

Section 6.03. Governmental Authorization; Other Consents.

     101108   

Section 6.04. Binding Effect.

     102108   

Section 6.05. Financial Statements.

     102108   

Section 6.06. No Material Adverse Effect.

     102109   

Section 6.07. Litigation.

     103109   

Section 6.08. No Default.

     103109   

Section 6.09. Ownership of Property; Liens.

     103109   

Section 6.10. Environmental Matters.

     103109   

Section 6.11. Insurance.

     103109   

Section 6.12. Taxes.

     103110   

Section 6.13. ERISA Compliance.

     104110   

Section 6.14. Subsidiaries.

     104110   

Section 6.15. Margin Regulations; Investment Company Act.

     105111   

Section 6.16. Disclosure.

     105111   

Section 6.17. Compliance with Laws.

     105111   

Section 6.18. Security Agreement.

     105111   

Section 6.19. Pledge Agreement.

     105112   

Section 6.20. Mortgages.

     106112   

Section 6.21. Real Property.

     106112   

Section 6.22. Solvency.

     106112   

Section 6.23. Patriot Act; Sanctioned Persons.

     106112   

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

ARTICLE 7

AFFIRMATIVE COVENANTS

  

Section 7.01. Financial Statements.

     107113   

Section 7.02. Certificates; Other Information.

     108114   

Section 7.03. Notification.

     109115   

Section 7.04. Payment of Obligations.

     110116   

Section 7.05. Preservation of Existence, Etc.

     110116   

Section 7.06. Maintenance of Properties.

     110117   

Section 7.07. Maintenance of Insurance.

     111117   

Section 7.08. Compliance with Laws; ERISA Compliance.

     111117   

Section 7.09. Books and Records.

     112118   

Section 7.10. Inspection Rights.

     112118   

Section 7.11. Use of Proceeds.

     112118   

Section 7.12. Joinder of Subsidiaries as Guarantors.

     112119   

Section 7.13. Pledge of Capital Stock.

     113119   

Section 7.14. Pledge of Other Property.

     113120   

Section 7.15. Landlord Consents.

     114120   

Section 7.16. Further Assurances.

     114120   

Section 7.17. Maintenance of Ratings.

     114120   

Section 7.18. Post-Closing Obligations.

     114120   

ARTICLE 8

NEGATIVE COVENANTS

  

Section 8.01. Liens.

     115121   

Section 8.02. Investments.

     117123   

Section 8.03. Indebtedness.

     118125   

Section 8.04. Mergers and Dissolutions.

     120126   

Section 8.05. Dispositions.

     120127   

Section 8.06. Restricted Payments.

     121128   

Section 8.07. Change in Nature of Business.

     122129   

Section 8.08. Change in Fiscal Year.

     122129   

Section 8.09. Transactions with Affiliates.

     122129   

Section 8.10. Use of Proceeds.

     122129   

Section 8.11. Financial Covenants.

     123129   

Section 8.12. Prepayments etc. of Indebtedness.

     123130   

Section 8.13. Burdensome Agreements.

     124130   

Section 8.14. Organization Documents.

     124131   

ARTICLE 9

EVENTS OF DEFAULT AND REMEDIES

  

Section 9.01. Events of Default.

     124131   

Section 9.02. Remedies Upon Event of Default.

     126133   

Section 9.03. Application of Funds.

     126133   

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

ARTICLE 10

ADMINISTRATIVE AGENT

  

Section 10.01. Appointment and Authorization of Administrative Agent.

     127134   

Section 10.02. Rights as a Lender.

     128135   

Section 10.03. Exculpatory Provisions.

     128135   

Section 10.04. Reliance by Administrative Agent.

     129136   

Section 10.05. Delegation of Duties.

     130137   

Section 10.06. Resignation of the Administrative Agent.

     130137   

Section 10.07. Non-Reliance on Administrative Agent and Other Lenders.

     131138   

Section 10.08. No Other Duties.

     131138   

Section 10.09. Administrative Agent May File Proofs of Claim.

     131138   

Section 10.10. Collateral and Guaranty Matters.

     132139   

Section 10.11. Swap Contracts and Treasury Management Agreements.

     132139   

ARTICLE 11

MISCELLANEOUS

  

Section 11.01. Amendments, Etc.

     133140   

Section 11.02. Notices; Effectiveness; Electronic Communications.

     135142   

Section 11.03. No Waiver; Cumulative Remedies; Enforcement.

     137144   

Section 11.04. Expenses; Indemnity; Damage Waiver.

     138145   

Section 11.05. Payments Set Aside.

     140147   

Section 11.06. Successors and Assigns.

     140147   

Section 11.07. Treatment of Certain Information; Confidentiality.

     146153   

Section 11.08. Right of Setoff.

     147154   

Section 11.09. Interest Rate Limitation.

     147154   

Section 11.10. Counterparts; Integration.

     148155   

Section 11.11. Survival of Representations and Warranties.

     148155   

Section 11.12. Severability.

     148155   

Section 11.13. Replacement of Lenders.

     148155   

Section 11.14. Governing Law; Jurisdiction; Etc.

     149156   

Section 11.15. Waiver of Jury Trial.

     150157   

Section 11.16. USA Patriot Act Notice.

     151158   

Section 11.17. Termination.

     151158   

Section 11.18. No Advisory or Fiduciary Responsibility.

     151158   

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

SCHEDULES

 

Schedule 1.01-1    Post-Restructuring Corporate Structure Schedule 1.01-2   
Specified Manufacturing Facility Schedule 1.01-3    Historical EBITDA Schedule
1.01-4    Specified Existing Joint Ventures Schedule 2.01    Lenders and
Commitments Schedule 2.03    Existing Letters of Credit Schedule 2.14   
Designated Borrowers Schedule 6.14    Subsidiaries Schedule 6.21    Real
Property Schedule 7.18    Post-Closing Obligations Schedule 8.01    Existing
Liens Schedule 8.02    Existing Investments Schedule 8.03    Existing
Indebtedness Schedule 11.02    Notice Addresses

EXHIBITS

 

Exhibit 1.01-1    Form of Perfection Certificate Exhibit 1.01-2    Form of
Pledge Agreement Exhibit 1.01-3    Form of Security Agreement Exhibit 2.02   
Form of Loan Notice Exhibit 2.13-1    Form of Revolving Credit Note Exhibit
2.13-2    Form of Swingline Note Exhibit 2.13-3    Form of Term A Note Exhibit
2.13-4    Form of Term B Note Exhibit 2.14-1    Form of Designated Borrower
Request and Assumption Agreement Exhibit 2.14-2    Form of Designated Borrower
Notice Exhibit 5.01(j)    Form of Solvency Certificate Exhibit 7.02(a)    Form
of Compliance Certificate Exhibit 7.12    Form of Joinder Agreement Exhibit
11.06(b)    Form of Assignment and Assumption Exhibit 11.06(i)    Dutch Auction
Procedures

ANNEXES

 

Annex A    Borrowers Annex B    Closing Date Guarantors

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

“Acquisition” means the purchase or acquisition by any Person of (a) more than
50% of the Capital Stock with ordinary voting power of another Person (including
as a result of the purchase by such Person of Capital Stock of an existing joint
venture to the extent that after giving effect thereto, such Person owns more
than 50% of such Capital Stock) or (b) all or any substantial portion of the
property (other than Capital Stock) of, or a business unit of, another Person,
whether or not involving a merger or consolidation with such Person.

“Acquisition Agreement” has the meaning provided in the recitals hereto.

“Acquisition Agreement Amendment Limitations” means that any amendment, change
or supplement or waiver of any provision to the Executed Acquisition Agreement
(including any change in the purchase price) in any manner that is materially
adverse to the interests of the Lenders or the Arrangers shall require the prior
written consent of the Administrative Agent (it being understood that (A) any
reduction of the purchase price in respect of the Sealy Acquisition will be
materially adverse to the Lenders and the Arrangers, unless (x) such reduction
is in the aggregate less than 10% of the purchase price payable on the date of
the Executed Acquisition Agreement and (y) there is a concurrent reduction in
the aggregate principal amount of the commitments in respect of the Term Loan
Facilities and the Bridge Facility in an amount equal to such reduction (to be
allocated amongst the Term Loan Facilities and the Bridge Facility on a pro rata
basis; provided that in no event shall the aggregate amount of the commitments
in respect of the Bridge Facility be less than $300,000,000) and (B) any
amendment, change, supplement, waiver or consent permitting the disposition of
assets of the Company or its Subsidiaries having a fair market value (as
determined by the board of directors of the Parent in its reasonable judgment)
of not more than $15,000,000 in the aggregate for all such dispositions shall
not be deemed materially adverse to the interests of the Lenders or the
Arrangers and no consent of the Administrative Agent shall be required).

“Acquisition Agreement Representations” means the representations made by or
with respect to the Company and its Subsidiaries in the Acquisition Agreement as
are material to the interests of the Lenders, but only to the extent that the
breach of any such representations results in the Parent or any of its
Affiliates having the right to terminate its or their obligations under the
Acquisition Agreement (after giving effect to any applicable notice and cure
period) or results in the failure of a condition precedent to the Parent’s
obligation to consummate the Sealy Acquisition pursuant to the Acquisition
Agreement.

“Acquisition Consideration” means, with respect to any Acquisition, the
aggregate cash and non-cash consideration for such Acquisition. The “Acquisition
Consideration” for any Acquisition expressly includes Indebtedness assumed in
such Acquisition and the good faith estimate by the Parent of the maximum amount
of any deferred purchase price obligations (including earn-out payments)
incurred in connection with such Acquisition. The “Acquisition Consideration”
for any Acquisition expressly excludes (a) Capital Stock of the Parent issued to
the seller as consideration for such Acquisition and (b) the Net Cash Proceeds
of the sale or issuance of Capital Stock by the Parent to the extent such
Acquisition is made within ninety days of the receipt of such Net Cash Proceeds
by the Parent.

“Act” has the meaning provided in Section 11.16

 

2

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

whose short-term commercial paper rating from S&P is at least A-1 or the
equivalent thereof or from Moody’s is at least P-1 or the equivalent thereof.

“Approved Fund” means any Fund that is administered or managed by (a) a Lender,
(b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that
administers or manages a Lender.

“Arrangers” means Bank of America, N.A., Barclays Bank PLC, J.P. Morgan
Securities LLC, Wells Fargo Securities, LLC and Fifth Third Bank, in their
respective capacities as joint lead arrangers and joint book managers.

“Assignee Group” means two or more Eligible Assignees that are Affiliates of one
another or two or more Approved Funds managed by the same investment advisor.

“Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an Eligible Assignee (with the consent of any party whose consent is
required by Section 11.06 and accepted by the Administrative Agent), in
substantially the form of Exhibit 11.06(b) or any other form approved by the
Administrative Agent.

“Attributable Principal Amount” means (a) in the case of capital leases, the
amount of capital lease obligations determined in accordance with GAAP, (b) in
the case of Synthetic Leases, an amount determined by capitalization of the
remaining lease payments thereunder as if it were a capital lease determined in
accordance with GAAP, (c) in the case of Securitization Transactions, the
outstanding principal amount of such financing, after taking into account
reserve amounts and making appropriate adjustments, determined by the
Administrative Agent in its reasonable judgment and (d) in the case of Sale and
Leaseback Transactions, the present value (discounted in accordance with GAAP at
the debt rate implied in the applicable lease) of the obligations of the lessee
for rental payments during the term of such lease).

“Auction” has the meaning provided in Section 11.06(i).

“Auction Manager” means the Administrative Agent.

“Auction Procedures” means the Dutch Auction Procedures set forth on Exhibit
11.06(i).

“Available ECF Amount” means, on any date, an amount determined on a cumulative
basis equal to Excess Cash Flow for each year, commencing with the fiscal year
ending December 31, 2013 and ending with the fiscal year of the Parent most
recently ended prior to such date for which financial statements and a
Compliance Certificate have been delivered pursuant to Section 7.01(a) and
Section 7.02(a) to the extent Not Otherwise Applied.

“Available Amount” means, at any date, an amount, not less than zero in the
aggregate, determined on a cumulative basis equal to:

(a) $50,000,000, plus

(b) the Retained ECF Amount, plus

 

7

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

(c) in the event that all or a portion of the Available Amount has been applied
to make an Investment pursuant to Section 8.02(m)(ii), an amount equal to the
aggregate amount received by any Credit Party in cash from: (i) the sale (other
than to any other Credit Party) of any such Investment or (ii) returns of
principal, repayments, dividends, distributions and similar payments received in
respect of any such Investment, in each subclause of this clause (c), solely to
the extent not included in the determination of clause (b) above,

as such amount may be reduced from time to time to the extent that all or a
portion of the Available Amount is applied to make Investments pursuant to
Section 8.02(m)(ii), Restricted Payments pursuant to Section 8.06(d) or
prepayments, redemptions, purchases, defeasance or other satisfaction of Junior
Financing pursuant to Section 8.12(a).

“Bank of America” means Bank of America, N.A., together with its successors.

“Base Rate” means for any day a fluctuating rate per annum equal to the highest
of (a) the Federal Funds Rate plus one-half of one percent (0.5%), (b) the Prime
Rate and (c) except during a Eurocurrency Unavailability Period, the
Eurocurrency Rate plus one percent (1.00%); provided that, with respect to the
Term B Loans, the Base Rate shall not be less than 1.75% per annum.

“Base Rate Loan” means a Revolving Credit Loan, a Term A Loan or a Term B Loan
that bears interest based on the Base Rate.

“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule
13d-5 under the Exchange Act, except that in calculating the beneficial
ownership of any particular “person” (as that term is used in Section 13(d)(3)
of the Exchange Act), such “person” will be deemed to have beneficial ownership
of all securities that such “person” has the right to acquire by conversion or
exercise of other securities, whether such right is currently exercisable or is
exercisable only upon the occurrence from time to time of a subsequent
condition. The terms “Beneficially Owns” and “Beneficially Owned” have a
corresponding meaning.

“Borrower” means each of the Parent, each entity listed on Annex A and, solely
with respect to the Revolving Credit Facility, any Designated Borrowers, as the
context may require.

“Borrowing” means a Revolving Credit Borrowing, a Swingline Borrowing, a Term A
Borrowing or a Term B Borrowing, as the context may require.

“Bridge Credit Agreement” means the credit agreement (if any) dated as of the
Closing Date among the Parent, Bank of America, as administrative agent, and the
lenders party thereto on terms specified in the Commitment Letter and otherwise
on terms reasonably satisfactory to the Required Lenders, the proceeds of which
are applied to finance a portion of the Sealy Acquisition and the Refinancing
and to pay the Transaction Costs.

“Bridge Facility” means the term loan credit facility under the Bridge Credit
Agreement (if any)

 

8

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

“Eurocurrency Base Rate” means:

(a) for any Interest Period with respect to a Eurocurrency Rate Loan, the rate
per annum equal to (i) the British Bankers Association LIBOR Rate or the
successor thereto if the British Bankers Association is no longer making a LIBOR
rate available (“LIBOR”), as published by Reuters (or such other commercially
available source providing quotations of LIBOR as may be designated by the
Administrative Agent from time to time) at approximately 11:00 a.m., London
time, two London Banking Days prior to the commencement of such Interest Period,
for Dollar deposits (for delivery on the first day of such Interest Period) with
a term equivalent to such Interest Period or, (ii) if such rate is not available
at such time for any reason, the rate per annum determined by the Administrative
Agent to be the rate 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 and with a term
equivalent to such Interest Period would be offered by Bank of America’s London
Branch (or other Bank of America branch or Affiliates) to major banks in the
London interbank eurodollar market at their request at approximately 11:00 a.m.
(London time) two London Banking Days prior to the commencement of such Interest
Period; and

(b) for any interest calculation with respect to a Base Rate Loan on any date,
the rate per annum equal to (i) LIBOR, at approximately 11:00 a.m., London time
determined two London Banking Days prior to such date for Dollar deposits being
delivered in the London interbank market for a term of one month commencing that
day or (ii) if such published rate is not available at such time for any reason,
the rate per annum determined by the Administrative Agent to be the rate at
which deposits in Dollars for delivery on the date of determination in same day
funds in the approximate amount of the Base Rate Loan being made or maintained
and with a term equal to one month would be offered by Bank of America’s London
Branch (or other Bank of America branch or Affiliates) to major banks in the
London interbank eurodollar market at their request at the date and time of
determination.

“Eurocurrency Rate” means (a) for any Interest Period with respect to any
Eurocurrency Rate Loan, a rate per annum determined by the Administrative Agent
to be equal to the quotient obtained by dividing (i) the Eurocurrency Base Rate
for such Eurocurrency Rate Loan for such Interest Period by (ii) one minus the
Eurocurrency Reserve Percentage for such Eurocurrency Rate Loan for such
Interest Period and (b) for any day with respect to any Base Rate Loan bearing
interest at a rate based on the Eurocurrency Rate, a rate per annum determined
by the Administrative Agent to be equal to the quotient obtained by dividing
(i) the Eurocurrency Base Rate for such Base Rate Loan for such day by (ii) one
minus the Eurocurrency Reserve Percentage for such Base Rate Loan for such day;
provided that, (x) with respect to the Term B Loans, the Eurocurrency Rate shall
not be less than 0.75% per annum and (y) if the Eurocurrency Rate shall be less
than 0%, such rate shall be deemed to be 0% with respect to the Revolving Credit
Loans and Term A Loans for purposes of this Agreement.

“Eurocurrency Rate Loan” means a Revolving Credit Loan, a Term A Loan or a Term
B Loan that bears interest at a rate based on clause (a) of the definition of
“Eurocurrency Base Rate.”

“Eurocurrency Reserve Percentage” means, for any day, the reserve percentage
(expressed as a decimal, carried out to five decimal places) in effect on such
day, whether or

 

20

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

“Excluded Permitted Acquisition” means an Acquisition of (x) any Qualified
Licensee, (y) any Qualified Third-Party Distributor or (z) of more than 50% of
the Capital Stock (after giving effect to such Acquisition) of any Specified
Existing Joint Venture.

“Excluded Property” means the Excluded Property as such term is defined in the
Security Agreement.

“Excluded Real Property” means all leasehold interests and interest in owned
real property other than the Specified Real Property.

“Excluded Swap Obligation” means, with respect to any Guarantor, any Swap
Obligation if, and to the extent that, all or a portion of the guaranty of such
Guarantor of, or the grant by such Guarantor of a security interest to secure,
such Swap Obligation (or any guaranty thereof) (after giving effect to any
keepwell, support or other agreement provided by the Parent or any of its
Subsidiaries with respect to the obligations of such Guarantor) is or becomes
illegal under the Commodity Exchange Act or any rule, regulation or order of the
Commodity Futures Trading Commission (or the application or official
interpretation of any thereof) by virtue of such Guarantor’s failure for any
reason to constitute an “eligible contract participant” as defined in the
Commodity Exchange Act and the regulations thereunder at the time the guaranty
of such Guarantor or the grant of such security interest becomes effective with
respect to such Swap Obligation. If a Swap Obligation arises under a master
agreement governing more than one swap, such exclusion shall apply only to the
portion of such Swap Obligation that is attributable to swaps for which such
guaranty or security interest is or becomes illegal.

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender,
the L/C Issuer or any other recipient of any payment to be made by or on account
of any obligation of any Credit Party hereunder, (a) taxes imposed on or
measured by its overall net income (however denominated), and franchise taxes
imposed on it (in lieu of net income taxes), in each case (i) by the
jurisdiction (or any political subdivision thereof) under the Laws of which such
recipient is organized or in which its principal office is located or, in the
case of any Lender, in which its applicable Lending Office is located, or
(ii) as the result of any other present or former connection between such
recipient and the jurisdiction imposing such Tax (other than any connection
arising from such recipient having executed, delivered, become a party to,
performed its obligations under, received payments under, received or perfected
a security interest under, engaged in any other transaction pursuant to or
enforced any Credit Document, or sold or assigned an interest in any Loan or
Credit Document), (b) any branch profits taxes imposed by the United States or
any similar tax imposed by any other jurisdiction in which a Lender is located,
(c) any backup withholding tax that is required by the Internal Revenue Code to
be withheld from amounts payable to a Lender that has failed to comply with
clause (A) of Section 3.01(e)(ii), (d) in the case of a Foreign Lender (other
than an assignee pursuant to a request by the Parent under Section 11.13), any
United States federal withholding tax that (i) is required to be imposed on
amounts payable to such Foreign Lender pursuant to the Laws in force at the time
such Foreign Lender becomes a party hereto (or designates a new Lending Office,
other than in the case of a designation under Section 3.06(a)), except to the
extent that such Foreign Lender (or its assignor, if any) was entitled, at the
time of designation of a new Lending Office (or assignment), to receive
additional amounts from the applicable Credit Party with respect to such
withholding tax pursuant to Section 3.01(a)(ii) or (c), or (ii) is attributable
to such Foreign Lender’s failure or inability (other than

 

22

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

to a whole multiple of 1/100th of 1%) charged to Bank of America on such day on
such transactions as determined by the Administrative Agent.

“Fee Letters” means (a) the Amended and Restated Facilities Fee Letter addressed
to the Parent dated as of October 23, 2012 from Bank of America, JPMorgan Chase
Bank, N.A., Wells Fargo Bank, N.A., Wells Fargo Investment Holdings, LLC and the
Arrangers and (b) the Amended and Restated Agent Fee Letter addressed to the
Parent dated as of the Effective Date from Bank of America and MLPF&S.

“Financial Covenants” means the covenants set forth in Section 8.11.

“First Tier Foreign Subsidiary” means any Foreign Subsidiary that is owned
directly by a Credit Party.

“Flood Determination Form” has the meaning provided in the definition of Real
Estate Collateral Requirements.

“Flood Documents” has the meaning provided in the definition of Real Estate
Collateral Requirements.

“Flood Laws” means the National Flood Insurance Reform Act of 1994 and related
legislation (including the regulations of the Board of Governors of the Federal
Reserve System).

“Foreign Disposition” has the meaning provided in Section 2.06(b)(ii)(D).

“Foreign Excess Cash Flow” has the meaning provided in Section 2.06(b)(ii)(D).

“Foreign Lender” means any Lender that is not a United States person for U.S.
federal income tax purposes.

“Foreign Pension Plan” means any benefit plan sponsored by the Parent or any of
its Subsidiaries that under applicable Law other than the Laws of the United
States or any political subdivision thereof, is required to be funded through a
trust or other funding vehicle other than a trust or funding vehicle maintained
exclusively by a Governmental Authority.

“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.

“Fourth Amendment” means Amendment No. 4 to Credit Agreement, dated as of
October 17, 2014, among the Parent, the other Borrowers and Guarantors
identified therein, the Administrative Agent and the Lenders party thereto.

“Fourth Amendment Effective Date” means the “Fourth Amendment Effective Date” as
defined in the Fourth Amendment.

“FRB” means the Board of Governors of the Federal Reserve System of the United
States.

“Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with
respect to the L/C Issuer, such Defaulting Lender’s Aggregate Commitment
Percentage of the

 

24

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

“Incremental Cap” means, as at the date of determination, the greater of
(x) $350,000,000400,000,000 and (y) the maximum amount at such time that could
be incurred without causing the Consolidated Secured Net Leverage Ratio to
exceed 3.03.50:1.00 as of such date of determination, determined on an
Incremental Pro Forma Basis.

“Incremental Commitment” means an Incremental Revolving Commitment or an
Incremental Term Commitment, as applicable.

“Incremental Lender” means an Incremental Revolving Lender or an Incremental
Term Lender, as applicable.

“Incremental Loans” means the Incremental Term Loans or the Incremental
Revolving Loans, as applicable.

“Incremental Pro Forma Basis” means, with respect to any financial ratio test
hereunder, that compliance with such test as at the date of determination shall
be determined (a) on a Pro Forma Basis giving effect to any Incremental Loans or
Permitted Incremental Equivalent Debt incurred at or prior to such time,
(b) assuming any Incremental Commitments established at or prior to such time
are fully drawn, (c) as if all Incremental Loans and Permitted Incremental
Equivalent Debt constitute Consolidated Funded Debt secured by a Lien on the
Property of the Parent or any Subsidiary and (d) without netting the proceeds of
any Incremental Loans or Permitted Incremental Equivalent Debt to be incurred as
at such date of determination, to the extent applicable, in reliance upon such
financial ratio test.

“Incremental Revolving Commitment” means the commitment of any Lender,
established pursuant to Section 2.18, to make Incremental Revolving Loans to the
Borrowers.

“Incremental Revolving Lender” means a Revolving Credit Lender with an
Incremental Revolving Commitment or an outstanding Incremental Revolving Loan.

“Incremental Revolving Loan” means Revolving Credit Loans made by one or more
Revolving Credit Lenders to the Borrowers pursuant to their Incremental
Revolving Commitments. Incremental Revolving Loans may only be made in the form
of additional Revolving Credit Loans.

“Incremental Term Commitment” means the commitment of any Lender, established
pursuant to Section 2.18, to make Incremental Term Loans to the Borrowers.

“Incremental Term Lender” means a Lender with an Incremental Term Commitment or
an outstanding Incremental Term Loan.

“Incremental Term Loans” means additional Term Loans made by one or more Lenders
to the Borrowers pursuant to their Incremental Term Commitments.

“Indebtedness” means, as to any Person at a particular time, without
duplication, all of the following, whether or not included as indebtedness or
liabilities in accordance with GAAP:

(a) all Funded Debt;

 

27

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

“L/C Obligations” means, at any time, the sum of (a) the maximum amount
available to be drawn under Letters of Credit then outstanding, assuming
compliance with all requirements for drawings referenced therein, plus (b) the
aggregate amount of all L/C Unreimbursed Amounts, including L/C Borrowings. For
purposes of computing the amount available to be drawn under any Letter of
Credit, the amount of such Letter of Credit shall be determined in accordance
with Section 1.06. For all purposes of this Credit Agreement, if on any date of
determination a Letter of Credit has expired by its terms but any amount may
still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP,
such Letter of Credit shall be deemed to be “outstanding” in the amount so
remaining available to be drawn.

“L/C Sublimit” has the meaning provided in Section 2.01(d).

“L/C Unreimbursed Amount” has the meaning provided in Section 2.03(c)(i).

“Lead Borrower” means Tempur-Pedic Management, LLC.

“Lender” means each of the Persons identified as a “Lender” on the signature
pages hereto (and, as appropriate, includes the Swingline Lender), each other
Person that becomes a “Lender” in accordance with this Credit Agreement and
their respective successors and assigns.

“Lending Office” means, as to any Lender, the office or offices of such Lender
set forth in such Lender’s Administrative Questionnaire or such other office or
offices as a Lender may from time to time notify the Parent and the
Administrative Agent.

“Letter of Credit” means each Existing Letter of Credit and each letter of
credit issued hereunder.

“Letter of Credit Fees” has the meaning provided in Section 2.09(b)(i).

“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 in the nature of
a security interest of any kind or nature whatsoever (including any conditional
sale or other title retention agreement, any easement, right of way or other
encumbrance on title to real property and any Capitalized Lease having
substantially the same economic effect as any of the foregoing).

“Limited Condition Acquisition” means any acquisition permitted by Section 8.02
the consummation of which is not conditioned on the availability of, or on
obtaining, third party financing.

“Loan” means any Term Loan, Revolving Credit Loan or Swingline Loan, and Base
Rate Loans and Eurocurrency Rate Loans comprising such Loans.

“Loan Notice” means a notice of (a) a Term Borrowing, (b) a Revolving Credit
Borrowing, (c) a Swingline Borrowing, (d) a conversion of Loans from one Type to
the other, or (e) a continuation of Eurocurrency Rate Loans, which, if in
writing, shall be substantially in the form of Exhibit 2.02.

 

31

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

“Net Cash Proceeds” means (a) with respect to any Disposition or Involuntary
Disposition, the aggregate proceeds paid in cash or Cash Equivalents received by
the Parent or any Subsidiary in connection with any Disposition or Involuntary
Disposition, net of (i) direct costs (including legal, accounting and investment
banking fees, sales commissions and underwriting discounts), (ii) estimated
taxes paid or payable as a result thereof, and (iii) amounts required to be
applied to the repayment of Indebtedness (other than the Indebtedness hereunder,
Permitted Incremental Equivalent Debt and Permitted External Refinancing Debt)
secured by a Lien on the asset or assets the subject of such Disposition or
Involuntary Disposition (or, in the case of Net Cash Proceeds of any Foreign
Disposition, amounts applied during such period to the permanent repayment of
any Indebtedness of the Foreign Subsidiaries to the extent required by the terms
of such Indebtedness); and (b) with respect to any incurrence or issuance of
Indebtedness, the aggregate principal amount actually received in cash by the
Parent or any Subsidiary in connection therewith, net of (x) direct costs
(including legal, accounting and investment banking fees, sales commissions and
underwriting discounts) and (y) the principal amount of the Bridge Facility (if
any) prepaid with the proceeds thereof. For purposes hereof, “Net Cash Proceeds”
includes any cash or Cash Equivalents received upon the disposition of any
non-cash consideration received by the Parent or any Subsidiary in any
Disposition or Involuntary Disposition.

“New Term A Loans” means the advances made by the Term A Lenders under the Term
A Facility pursuant to the Third Amendment.

“New Term B Loans” means the advances made by the Term B Lenders under the Term
B Facility pursuant to the Second Amendment.

“NFIP” has the meaning provided in the definition of Real Estate Collateral
Requirements.

“Non-Consenting Lender” has the meaning provided in Section 11.13.

“Non-Guarantor Domestic Subsidiary” has the meaning provided in Section 7.12(a).

“Not Otherwise Applied” means, with reference to any proceeds of any transaction
or event or of Excess Cash Flow or the Available ECF Amount that is proposed to
be applied to a particular use or transaction, that such amount (a) was not
required to prepay Term Loans pursuant to Section 2.06(b)(ii)(C) (other than as
a result of clause (iii) thereof or Section 2.06(b)(ii)(F)) and (b) has not
previously been (and is not simultaneously being) applied to anything other than
such particular use or transaction (including, without limitation, Investments
permitted under Section 8.02(m), Restricted Payments permitted under
Section 8.06(d) and prepayments of Junior Financing under Section 8.12(a)).

“Notes” means the Term A Notes, the Term B Notes, the Revolving Credit Notes and
the Swingline Notes.

“Obligations” means, without duplication, (a) all advances to, and debts,
liabilities, obligations, covenants and duties of, any Credit Party arising
under any Credit 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

 

33

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

against any Credit Party 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 (the “Loan
Obligations”), (b) all obligations under any Swap Contract between the Parent or
any Domestic Subsidiary, on the one hand, and any Lender or Affiliate of a
Lender or any Person that was a Lender or an Affiliate of a Lender on the date
such transaction was entered into, on the other hand, to the extent permitted
hereunder, including, without limitation, the Swap Obligations but excluding the
Excluded Swap Obligations (the “Swap Contract Obligations”) and (c) all
obligations under any Treasury Management Agreement between the Parent or any
Domestic Subsidiary, on the one hand, and any Lender or Affiliate of a Lender or
any Person that was a Lender or an Affiliate of a Lender on the date such
transaction was entered into, on the other hand (the “Treasury Management
Obligations”).

“Organization Documents” means, (a) with respect to any corporation, the
certificate or articles of incorporation and the bylaws (or equivalent or
comparable constitutive documents with respect to any non-U.S. jurisdiction);
(b) with respect to any limited liability company, the certificate or articles
of formation or organization and the operating agreement; and (c) with respect
to any partnership, joint venture, trust or other form of business entity, the
partnership, joint venture or other applicable agreement of formation or
organization and any agreement, instrument, filing or notice with respect
thereto filed in connection with its formation or organization with the
applicable Governmental Authority in the jurisdiction of its formation or
organization and, if applicable, any certificate or articles of formation or
organization of such entity.

“Other Taxes” means all present or future stamp or documentary taxes or any
other excise or property taxes, charges or similar levies arising from any
payment made hereunder or under any other Credit Document or from the execution,
delivery or enforcement of, or otherwise with respect to, this Credit Agreement
or any other Credit Document.

“Outstanding Amount” means (i) with respect to any Loans on any date, the
aggregate outstanding principal amount thereof after giving effect to any
borrowings and prepayments or repayments of such Loans occurring on such date;
and (ii) with respect to any L/C Obligations on any date, the aggregate
outstanding amount of such L/C Obligations on such date after giving effect to
any L/C Credit Extension occurring on such date and any other changes in the
aggregate amount of the L/C Obligations as of such date, including as a result
of any reimbursements by the Borrowers of L/C Unreimbursed Amounts.

“Overnight Rate” means, for any day, the greater of (i) the Federal Funds Rate
and (ii) an overnight rate determined by the Administrative Agent, L/C Issuer,
or Swingline Lender, as the case may be, in accordance with banking industry
rules on interbank compensation.

“Parent” has the meaning provided in the recitals hereto.

“Parent Notice” has the meaning provided in the definition of Real Estate
Collateral Requirements.

“Participant” has the meaning provided in Section 11.06(d).

 

34

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

“Participant Register” has the meaning provided in Section 11.06(e).

“PBGC” means the Pension Benefit Guaranty Corporation.

“Pension Plan” means any “employee pension benefit plan” (as such term is
defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is
subject to Title IV of ERISA and is sponsored or maintained by a Credit Party or
any ERISA Affiliate or to which a Credit Party or any ERISA Affiliate
contributes or has an obligation to contribute, or in the case of a multiple
employer or other plan described in Section 4064(a) of ERISA, has made
contributions at any time during the immediately preceding five plan years.

“Perfection Certificate” means the perfection certificate substantially in the
form of Exhibit 1.01-1.

“Permitted Acquisition” means any Acquisition that satisfies the following
conditions:

(a) in the case of an Acquisition of 100% of the Capital Stock of any other
Person, the board of directors (or other comparable governing body) of such
other Person shall have approved the Acquisition;

(b) other than in the case of Excluded Permitted Acquisitions, if the
Consolidated Total Net Leverage Ratio as of the last day of the fiscal quarter
of the Parent most recently ended for which financial statements have been
delivered under Section 7.01, determined on a Pro Forma Basis, is equal to or
greater than 3.00:1.00, then the Acquisition Consideration for such Acquisition,
together with all other such Acquisitions effected when the Consolidated Total
Net Leverage Ratio of the Parent is equal to or greater than 3.00:1.00 as herein
provided, shall not exceed $200,000,000400,000,000 from the Closing Date;

(c) (i) (x) no Default or Event of Default shall exist and be continuing
immediately before or immediately after giving effect thereto on a Pro Forma
Basis or (y) at the election of the Borrower, in the case of a Limited Condition
Acquisition being funded with the proceeds of Incremental Loans hereunder, no
Default or Event of Default shall exist and be continuing immediately before or
immediately after giving effect thereto on a Pro Forma Basis as of the date the
definitive acquisition agreement for such Limited Condition Acquisition is
entered into, (ii) (x) the Parent shall be in compliance with the Financial
Covenants as of the last day of the fiscal quarter of the Parent most recently
ended for which financial statements have been delivered under Section 7.01,
determined on a Pro Forma Basis and (iii) if the Consolidated Total Net Leverage
Ratio as of the last day of the fiscal quarter of the Parent most recently ended
for which financial statements have been delivered under Section 7.01or (y) at
the election of the Borrower, in the case of a Limited Condition Acquisition
being funded with the proceeds of Incremental Loans hereunder, the Parent shall
be in compliance with the Financial Covenants as herein provided on the date the
definitive acquisition agreement for such Limited Condition Acquisition is
entered into, determined on a Pro Forma Basis, is equal to or greater than
3.00:1.00, then as of such date and (iii) other than in the case of Excluded
Permitted Acquisitions, the Acquisition Consideration paid to acquire a Person
that will not be a Credit Party following the acquisition thereof, or to acquire
property or assets that will not be owned by a Credit Party, together with all
other such acquisitions effected when the Consolidated Total Net Leverage Ratio
of the Parent is equal to or greater than 3.00:1.00(excluding any Excluded
Permitted Acquisitions), shall not exceed $25,000,000

 

35

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

during the term of this Credit Agreement; provided that if the Consolidated
Total Net Leverage Ratio as of the last day of the fiscal quarter of the Parent
most recently ended for which financial statements have been delivered under
Section 7.01, determined on a Pro Forma Basis, is less than 3.00:1.00, then such
aggregate Acquisition Consideration, together with all other such acquisitions
effected when the Consolidated Total Net Leverage Ratio of the Parent is less
than 3.00:1.00, shall not exceed an additional $50,000,000 during the term of
this Credit Agreement; and400,000,000; and

(d) at least five Business Days prior to the consummation of such Acquisition, a
Responsible Officer of the Parent shall provide a compliance certificate, in
form and substance reasonably satisfactory to the Administrative Agent,
affirming compliance with each of the items set forth in clauses (a), (b) and
(c) hereof, as applicable.

“Permitted Disposition” shall mean a Disposition permitted under Section 8.05.

“Permitted External Refinancing Debt” means any Indebtedness incurred by one or
more of the Borrowers to refinance all or a portion of any existing Class of
Term Loans in the form of one or more series of debt securities or loans;
provided that (i) the final maturity date of any such Indebtedness shall not be
earlier than the date that is 91 days following the Latest Maturity Date;
(ii) the terms of such Indebtedness shall not provide for any scheduled
repayment, mandatory redemption, sinking fund obligations or other payment
(other than periodic interest payments) prior to the date that is 91 days
following the Latest Maturity Date, other than customary offers to purchase upon
a change of control, asset sale or casualty or condemnation event and customary
acceleration rights upon an event of default; (iii) such debt securities or
loans shall be either (A) solely in the case of debt securities, secured by the
Collateral on a pari passu basis (but without regard to the control of remedies)
with the Obligations and shall not be secured by any property or assets of the
Parent or any Subsidiary other than Collateral, and a Senior Representative
acting on behalf of the holders of such Indebtedness shall have become party to
a first lien intercreditor agreement or collateral trust agreement having
customary terms and reasonably satisfactory to the Administrative Agent
reflecting the pari passu status of the Liens securing such Indebtedness,
(B) secured by the Collateral on a junior basis (including with respect to the
control of remedies) with the Obligations and shall not be secured by any
property or assets of the Parent or any Subsidiary other than Collateral, and a
Senior Representative acting on behalf of the holders of such Indebtedness shall
have become party to or otherwise subject to the provisions of a junior lien
intercreditor agreement or collateral trust agreement having customary terms and
reasonably satisfactory to the Administrative Agent reflecting the second (or
more junior) lien status of the Liens securing such Indebtedness or
(C) unsecured; (iv) none of the obligors or guarantors with respect to such
Indebtedness shall be a Person that is not a Credit Party; (v) the terms and
conditions (excluding any subordination, pricing, fees, rate floors, discounts,
premiums and optional prepayment or redemption terms) of such Indebtedness,
taken as a whole, shall not be materially less favorable to the Credit Parties
than those applicable to the refinanced Term Loans, except for covenants or
other provisions applicable only to periods after the Latest Maturity Date;
(vi) the principal amount (or accreted value, if applicable) of such
Indebtedness does not exceed the principal amount (or accreted value, if
applicable) of the refinanced Term Loans except by an amount equal to any
interest capitalized, any premium or other reasonable amount paid, and fees and
expenses reasonably incurred, in connection with such refinancing; and
(vii) substantially concurrently with the incurrence or issuance of such debt
securities or loans, 100% of the net proceeds thereof shall be applied to repay
the refinanced Term Loans

 

36

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

renewed or extended; (iv) at the time thereof, no Default or Event of Default
shall have occurred and be continuing; (v) if such Indebtedness being modified,
refinanced, refunded, renewed or extended is secured, the terms and conditions
relating to collateral of any such modified, refinanced, refunded, renewed or
extended Indebtedness, taken as a whole, are not materially less favorable to
the Credit Parties or the Lenders than the terms and conditions with respect to
the collateral for the Indebtedness being modified, refinanced, refunded,
renewed or extended, taken as a whole (and the Liens on any Collateral securing
any such modified, refinanced, refunded, renewed or extended Indebtedness shall
have the same (or lesser) priority as the Indebtedness being modified,
refinanced, refunded, renewed or extended relative to the Liens on the
Collateral securing the Obligations; (vi) the terms and conditions (excluding
any subordination, pricing, fees, rate floors, discounts, premiums and optional
prepayment or redemption terms) of any such modified, refinanced, refunded,
renewed or extended Indebtedness, taken as a whole, shall not be materially less
favorable to the Credit Parties than the Indebtedness being modified,
refinanced, refunded, renewed or extended, except for covenants or other
provisions applicable only to periods after the Latest Maturity Date; and
(vii) such modification, refinancing, refunding, renewal or extension is
incurred by the Person who is the obligor on the Indebtedness being modified,
refinanced, refunded, renewed or extended. For the avoidance of doubt, a
Permitted Refinancing of the Bridge Facility (if any) shall include the
refinancing thereof with Rollover Loans or Exchange Notes.

“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), including any Pension Plan (but excluding any
Multiemployer Plan), that is subject to ERISA and that is maintained or
sponsored by a Credit Party or, with respect to any such plan that is subject to
Section 412 of the Internal Revenue Code or Title IV of ERISA, is maintained or
sponsored by any ERISA Affiliate.

“Platform” has the meaning provided in Section 7.02.

“Pledge Agreement” means, collectively, (a) the pledge agreement dated as of the
Closing Date given by the Credit Parties party thereto, as pledgors, to the
Collateral Agent to secure the Obligations substantially in the form of Exhibit
1.01-2 and (b) any other pledge agreement in favor of the Collateral Agent to
secure all or some portion of the Obligations that may be given by any Person
pursuant to the terms hereof.

“Prime Rate” means the rate of interest in effect for such day as publicly
announced from time to time by Bank of America as its “prime rate.” The “prime
rate” is a rate set by Bank of America based upon various factors including Bank
of America’s costs and desired return, general economic conditions and other
factors, and is used as a reference point for pricing some loans, which may be
priced at, above, or below such announced rate. Any change in the “prime rate”
announced by Bank of America shall take effect at the opening of business on the
day specified in the public announcement of such change.

“Pro Forma Basis” and “Pro Forma Effect” means, for purposes of calculating
compliance with the financial covenants or any other financial ratio or tests,
such calculation shall be made in accordance with Section 1.07.

 

38

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

“Pro Forma Financial Statements” means the pro forma balance sheet and related
statement of operations of the Parent and its Subsidiaries (including the
Company and its Subsidiaries) as of and for the twelve-month period ending with
the latest quarterly period of the Parent covered by the most recent Quarterly
Financial Statements delivered on the Closing Date, in each case after giving
effect to the Sealy Acquisition.

“Pro Forma Transaction” means any Investment that results in a Person becoming a
Subsidiary, any Permitted Acquisition, any Disposition that results in a
Subsidiary ceasing to be a Subsidiary, any Investment constituting an
acquisition of assets constituting a business unit, line of business or division
of another Person or a Disposition of a business unit, line of business or
division of the Parent or a Subsidiary, in each case whether by merger,
consolidation, amalgamation or otherwise and any other transaction that by the
terms of this Credit Agreement requires a financial ratio test to be determined
on a “pro forma basis” or to be given “pro forma effect”.

“Property” means an interest of any kind in any property or asset, whether real,
personal or mixed, and whether tangible or intangible.

“Public Lender” has the meaning provided in Section 7.02.

“Qualified Cash” means the sum of (a) 100% of the unrestricted cash or Cash
Equivalents of the Parent and its Domestic Subsidiaries and (b) 60% of the
unrestricted cash or Cash Equivalents of the Foreign Subsidiaries, in each case,
which cash and Cash Equivalents are not subject to any Lien (other than Liens
arising by operation of law or permitted by Section 8.01(a), 8.01(b), 8.01(p),
8.01(t), 8.01(u) and 8.01(v)).

“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each
Guarantor that has total assets exceeding $10,000,000 at the time the relevant
guaranty or grant of the relevant security interest becomes effective with
respect to such Swap Obligation or such other person as constitutes an “eligible
contract participant” under the Commodity Exchange Act or any regulations
promulgated thereunder and can cause another person to qualify as an “eligible
contract participant” at such time by entering into a keepwell under
Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

“Qualified Licensee” means (a) each Person disclosed to the Administrative Agent
prior to the Fourth Amendment Effective Date, (b) any other Person that holds
the exclusive right in a defined geographic area to manufacture, distribute
and/or sell (and whose primary business is to manufacture, distribute and/or
sell) goods that are created through the exploitation of an exclusive license or
similar contractual right granted by a Borrower and/or any of its Subsidiaries
to such Person and (c) such other Persons approved by the Administrative Agent
in its sole discretion.

“Qualified Third-Party Distributor” means (a) each Person disclosed to the
Administrative Agent prior to the Fourth Amendment Effective Date, (b) any other
Person that holds the exclusive right in a defined geographic area to distribute
and/or sell (and whose primary business is to distribute and/or sell) goods
manufactured by or under contract for a Borrower and/or any of its Subsidiaries
and (c) such other Persons approved by the Administrative Agent in its sole
discretion.

 

39

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

“Required Revolving Credit Lenders” means, as of any date of determination,
Revolving Credit Lenders having more than 50% of the Aggregate Revolving Credit
Commitments or, if the Revolving Credit Commitments shall have expired or been
terminated, Revolving Credit Lenders holding more than 50% of the aggregate
principal amount of Revolving Credit Obligations (including, in each case, the
aggregate principal amount of each Revolving Credit Lender’s risk participation
and funded participation in L/C Obligations and Swingline Loans); provided that
the Revolving Credit Commitments of, and the portion of Revolving Credit
Obligations held by, any Defaulting Lender shall be excluded for purposes of
making a determination of Required Revolving Credit Lenders.

“Required Term A Lenders” means, as of any date of determination, Term A Lenders
holding more than 50% of the Term A Facility on such date; provided that the
portion of the Term A Facility held by any Defaulting Lender shall be excluded
for purposes of making a determination of Required Term A Lenders.

“Required Term B Lenders” means, as of any date of determination, Term B Lenders
holding more than 50% of the Term B Facility on such date; provided that the
portion of the Term B Facility held by any Defaulting Lender shall be excluded
for purposes of making a determination of Required Term B Lenders.

“Resignation Effective Date” shall have the meaning provided in Section
10.06(a).

“Responsible Officer” means an officer functioning as the chief executive
officer, chief operating officer, president, vice president, chief financial
officer, treasurer, assistant treasurer, controller or secretary of a Credit
Party. Any document delivered hereunder that is signed by a Responsible Officer
of a Credit Party shall be conclusively presumed to have been authorized by all
necessary corporate, partnership and/or other action on the part of such Credit
Party and such Responsible Officer shall be conclusively presumed to have acted
on behalf of such Credit Party. All references to a “Responsible Officer”
hereunder shall refer to a Responsible Officer of the Parent unless the context
otherwise requires.

“Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) by the Parent in respect of its Capital Stock, or
any payment (whether in cash, securities or other property) including any
sinking fund payment or similar deposit, for or on account of the purchase,
redemption, retirement, acquisition, cancellation or termination of any Capital
Stock of the Parent or its Subsidiaries or any option, warrant or other right to
acquire any such Capital Stock of the Parent or its Subsidiaries.

“Retained ECF Amount” means, on any date, an amount determined on a cumulative
basis equal to Excess Cash Flow for each year, commencing with the fiscal year
ending December 31, 2013 and ending with the fiscal year of the Parent most
recently ended prior to such date for which financial statements and a
Compliance Certificate have been delivered pursuant to Section 7.01(a) and
Section 7.02(a), but solely to the extent such amount was not required to prepay
Term Loans pursuant to Section 2.06(b)(ii)(C) (other than as a result of clause
(iii) thereof or Section 2.06(b)(ii)(F)).

“Revolving Credit Borrowing” means a borrowing consisting of simultaneous
Revolving Credit Loans of the same Type and, in the case of Eurocurrency Rate
Loans, having

 

43

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

this Credit Agreement on the Closing Date and the consummation of the Sealy
Acquisition on the Closing Date, on a pro forma basis, will not leave the Parent
and its Subsidiaries, taken as a whole, with property remaining in their hands
constituting “unreasonably small capital.”

“Specified Convertible Notes Actions” means (a) the Parent shall have paid the
Convertible Note Consideration to the Paying Agent (each as defined in the
Acquisition Agreement) substantially concurrently with the initial Credit
Extensions under this Credit Agreement on the Closing Date and (b) (1) the
obligations required to be performed under the Support Agreement by the parties
thereto thereunder on or prior to the Closing Date with respect to the
Convertible Notes held by them shall have been performed, including
(A) providing consent to a supplemental indenture to the Convertible Notes
Indenture (as defined in the Acquisition Agreement) to eliminate those negative
and restrictive covenants set forth on Exhibit B to the Support Agreement and
(B) exercising the conversion right with respect to all such Convertible Notes
(in each of clause (A) and (B) to the extent required by the Support Agreement)
and (2) the trustee under the Convertible Notes shall have entered into a
supplemental indenture to the Convertible Notes Indenture effective as of the
Closing Date giving effect to the amendments specified in clause (b)(1)(A)
above.

“Specified Existing Joint Venture” means each joint venture listed on Schedule
1.01-4.

“Specified Real Property” means any fee interest of a Credit Party in owned real
property located in the United States (x) constituting a manufacturing facility
property or (y) with a fair market value in excess of $5,000,000 (other than any
manufacturing facility property listed as such on Schedule 1.01-2 hereto).

“Specified Representations” means the representations set forth in (a) with
respect to the Borrowers and the Guarantors, Section 6.01(a), Section
6.01(b)(ii), Section 6.02 (other than clauses (b) and (c) thereof), Section
6.04, and Section 6.22, (b) with respect to the Borrowers and the Guarantors
(other than the Company and its Domestic Subsidiaries that are Guarantors),
Section 6.15 and Section 6.23(a)(ii), and (c) to the extent the security
interests in Collateral are perfected by the filing of Uniform Commercial
Financing Statements in the appropriate filing offices, the filing of short-form
security agreements with the United States Patent and Trademark Office or the
United States Copyright Office or the delivery of certificates evidencing equity
interests, Section 6.18 and Section 6.19.

“Subsidiary” of a Person means a corporation, partnership, joint venture,
limited liability company or other business entity of which a majority of the
shares of securities or other interests having ordinary voting power for the
election of directors or other governing body (other than securities or
interests having such power only by reason of the happening of a contingency)
are at the time beneficially owned, or the management of which is otherwise
controlled, directly, or indirectly through one or more intermediaries, or both,
by such Person. Unless otherwise provided, “Subsidiary” shall refer to a
Subsidiary of the Parent. Notwithstanding any provision herein to the contrary,
Comfort Revolution LLC shall not be considered a “Subsidiary” for purposes of
this Agreement or the other Credit Documents prior to the earliest date on which
(x) Parent or one or more of its Subsidiaries owns 100% of the Equity Interests
of Comfort Revolution LLC, (y) Comfort Revolution LLC becomes a Guarantor
hereunder or (z) Parent has notified the Administrative Agent in writing that
Comfort Revolution LLC shall become a Guarantor and a Subsidiary hereunder and
Comfort

 

46

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

Revolution LLC and the Administrative Agent have each signed the necessary
Credit Documentation under Section 7.12 hereof for Comfort Revolution LLC to
become a Guarantor hereunder.

“Support Agreement” means the letter agreement dated as of September 26, 2012
from Sealy Holding LLC, as owner of certain shares of the Company and
Convertible Notes to the Parent, required pursuant to the Acquisition Agreement.

“Support Obligations” means, as to any Person, (a) any obligation, contingent or
otherwise, of such Person guaranteeing or having the economic effect of
guaranteeing any Indebtedness or other obligation payable or performable by
another Person (the “primary obligor”) in any manner, whether directly or
indirectly, and including any obligation of such Person, direct or indirect,
(i) to purchase or pay (or advance or supply funds for the purchase or payment
of) such Indebtedness or other obligation, (ii) to purchase or lease property,
securities or services for the purpose of assuring the obligee in respect of
such Indebtedness or other obligation of the payment or performance of such
Indebtedness or other obligation, (iii) to maintain working capital, equity
capital or any other financial statement condition or liquidity or level of
income or cash flow of the primary obligor so as to enable the primary obligor
to pay such Indebtedness or other obligation, or (iv) entered into for the
purpose of assuring in any other manner the obligee in respect of such
Indebtedness or other obligation of the payment or performance thereof or to
protect such obligee against loss in respect thereof (in whole or in part), or
(b) any Lien on any assets of such Person securing any Indebtedness or other
obligation of any other Person, whether or not such Indebtedness or other
obligation is assumed by such Person (or any right, contingent or otherwise, of
any holder of such Indebtedness to obtain any such Lien). The amount of any
Support Obligations shall be deemed to be an amount equal to the stated or
determinable amount of the related primary obligation, or portion thereof, in
respect of which such Support Obligation is made or, if not stated or
determinable, the maximum reasonably anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith.

“Swap Contract” means (a) any and all rate swap transactions, basis swaps,
credit derivative transactions, forward rate transactions, commodity swaps,
commodity options, forward commodity contracts, equity or equity index swaps or
options, bond or bond price or bond index swaps or options or forward bond or
forward bond price or forward bond index transactions, interest rate options,
forward foreign exchange transactions, cap transactions, floor transactions,
collar transactions, currency swap transactions, cross-currency rate swap
transactions, currency options, spot contracts, or any other similar
transactions or any combination of any of the foregoing (including any options
to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b) any and all transactions
of any kind, and the related confirmations, that are subject to the terms and
conditions of, or governed by, any form of master agreement published by the
International Swaps and Derivatives Association, Inc., any International Foreign
Exchange Master Agreement, or any other master agreement (any such master
agreement, together with any related schedules, a “Master Agreement”), including
any such obligations or liabilities under any Master Agreement.

 

47

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

otherwise modified (subject to any restrictions on such amendments, supplements
or modifications set forth herein or in any other Credit Document), (ii) any
reference herein to any Person shall be construed to include such Person’s
successors and assigns, (iii) the words “hereto”, “herein”, “hereof” and
“hereunder”, and words of similar import when used in any Credit Document, shall
be construed to refer to such Credit Document in its entirety and not to any
particular provision thereof, (iv) all references in a Credit Document to
“Articles”, “Sections”, “Exhibits” and “Schedules” shall be construed to refer
to articles and sections of, and exhibits and schedules to, the Credit Document
in which such references appear, (v) any reference to any law shall include all
statutory and regulatory provisions consolidating, amending, replacing or
interpreting such law and any reference to any law or regulation shall, unless
otherwise specified, refer to such law or regulation as amended, modified or
supplemented from time to time, and (vi) the words “asset” and “property” shall
be construed to have the same meaning and effect and to refer to any and all
assets and property of whatever kind, real and personal, tangible and
intangible, including cash, securities, accounts and contract rights.

(b) In the computation of periods of time from a specified date to a later
specified date, the word “from” means “from and including”; the words “to” and
“until” each mean “to but excluding”; and the word “through” means “to and
including”.

(c) Section headings herein and in the other Credit Documents are included for
convenience of reference only and shall not affect the interpretation of this
Credit Agreement or any other Credit Document.

Section 1.03. Accounting Terms and Provisions. (a) All accounting terms not
specifically or completely defined herein shall be construed in conformity with,
and all financial data (including financial ratios and other financial
calculations) required to be submitted pursuant to this Credit Agreement shall
be prepared in conformity with, GAAP applied on a consistent basis, as in effect
from time to time, applied in a manner consistent with that used in preparing
the audited financial statements referenced in Section 5.01(k), except as
otherwise specifically prescribed herein. Notwithstanding the foregoing, (x) for
purposes of determining compliance with any covenant (including the computation
of any financial covenant) contained herein, 0 Indebtedness shall be deemed to
be carried at 100% of the outstanding principal amount thereof, and the effects
of FASB ASC 825 and FASB ASC 470-20 (or any other Accounting Standards
Codification or Financial Accounting Standard having a similar result or effect)
on financial liabilities (including valuing any such Indebtedness in a reduced
or bifurcated manner as described therein) shall be disregarded. and (y) for
purposes of determining compliance with any provision of this Agreement, the
determination of whether a lease is to be treated as an operating lease or
capital lease shall be made without giving effect to any change in accounting
for leases pursuant to GAAP resulting from the implementation of proposed
Accounting Standards Update (ASU) Leases (Topic 840) issued August 17, 2010.

(b) Notwithstanding any provision herein to the contrary, determinations of
(i) the applicable pricing level under the definition of “Applicable Percentage”
and (ii) compliance with the financial covenants shall be made on a Pro Forma
Basis.

(c) If at any time any change in GAAP or in the consistent application thereof
would affect the computation of any financial ratio or requirement set forth in
any Credit

 

52

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

required by Regulation S-X together with those adjustments that (i) have been
certified by a financial or accounting Responsible Officer of the Parent as
having been prepared in good faith based upon reasonable assumptions and
(ii) are based on reasonably detailed written assumptions reasonably acceptable
to the Administrative Agent and (b) required by the definition of Consolidated
EBITDA.

(d) In the event that the Parent or any Subsidiary incurs (including by
assumption or guarantees) or repays (including by redemption, repayment,
retirement or extinguishment) any Indebtedness included in the calculations of
the Consolidated Secured Net Leverage Ratio or the Consolidated Total Net
Leverage Ratio (other than Indebtedness incurred or repaid under any revolving
credit facility in the ordinary course of business for working capital purposes)
subsequent to the end of the applicable Test Period and prior to or
simultaneously with the event for which the calculation of any such ratio is
made, then the Consolidated Secured Net Leverage Ratio or the Consolidated Total
Net Leverage Ratio, as applicable, shall be calculated giving pro forma effect
to such incurrence or repayment of Indebtedness, to the extent required, as if
the same had occurred on the last day of the applicable Test Period.

                 (e) In connection with a Limited Condition Acquisition, if
compliance with any financial ratio with respect to the incurrence of
Indebtedness or the making of Permitted Acquisitions (but, for the avoidance of
doubt, excluding, for purposes of calculating the Financial Covenants set forth
in Section 8.11, for purposes of determining the Applicable Percentage and for
purposes of determining the ECF Percentage) is being determined on the date the
definitive acquisition agreement for such Limited Condition Acquisition is
entered into, then on or following the date of such determination and prior to
the earlier of the date on which such Limited Condition Acquisition is
consummated or the definitive agreement for such Limited Condition Acquisition
is terminated, any determination of the Consolidated Total Net Leverage Ratio or
the Consolidated Secured Net Leverage Ratio shall be calculated on a Pro Forma
Basis assuming such Limited Condition Acquisition and other transactions in
connection therewith (including any incurrence of Indebtedness and the use of
proceeds thereof) have been consummated, except to the extent that such
calculation would result in a lower Consolidated Total Net Leverage Ratio or
Consolidated Secured Net Leverage Ratio than would apply if such calculation was
made without giving Pro Forma Effect to such Limited Condition Acquisition and
the other transactions to be entered into in connection therewith (including any
incurrence of Indebtedness and the use of proceeds thereof).

ARTICLE 2

COMMITMENTS AND CREDIT EXTENSIONS

Section 2.01. Commitments. Subject to the terms and conditions set forth herein:

(a) Term A Loans.

(i) Initial Term A Loans. Each Term A Lender agrees to make a single loan to the
Borrowers in Dollars on the Closing Date in an amount not to exceed such Term A
Lender’s Term A Commitment. The Term A Borrowing shall consist of Initial Term A
Loans made simultaneously by the Term A Lenders in accordance with their
respective Aggregate Commitment Percentages of the Term A Facility. Amounts
borrowed under this Section 2.01(a)(i) and repaid or prepaid may not be
reborrowed. Initial Term A Loans may be Base Rate Loans or Eurocurrency Rate
Loans, as further

 

54

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

any Cash Collateral), that Lender will, to the extent applicable, purchase at
par that portion of outstanding Loans of the other Lenders or take such other
actions as the Administrative Agent may determine to be necessary to cause the
Revolving Credit Loans and funded and unfunded participations in Letters of
Credit and Swingline Loans to be held on a pro rata basis by the Revolving
Credit Lenders in accordance with their Aggregate Commitment Percentages
(without giving effect to Section 2.17(a)(vii)), whereupon that Lender will
cease to be a Defaulting Lender; provided that no adjustments will be made
retroactively with respect to fees accrued or payments made by or on behalf of
the Borrowers while that Lender was a Defaulting Lender; and provided further,
that except to the extent otherwise expressly agreed by the affected parties, no
change hereunder from Defaulting Lender to Lender will constitute a waiver or
release of any claim of any party hereunder arising from that Lender’s having
been a Defaulting Lender.

Section 2.18. Incremental Facilities.

(a) The Lead Borrower may, by written notice to the Administrative Agent from
time to time, request Incremental Commitments in an amount such that, after
giving effect thereto, the Aggregate Incremental Amount does not exceed the
Incremental Cap (or, in the case of Incremental Commitments in connection with a
Limited Condition Acquisition incurred pursuant to clause (y) of the definition
thereof, at the election of the Borrower, the Aggregate Incremental Amount,
after giving effect to the Incremental Commitments, does not exceed the
Incremental Cap on the date the definitive acquisition agreement for such
Limited Condition Acquisition is entered into). Such notice shall set forth
(i) the amount of the Incremental Commitments being requested (which shall be in
minimum increments of $1,000,000 and a minimum amount of $5,000,000), (ii) the
date on which such Incremental Commitments are requested to become effective
(which shall not be less than 10 Business Days nor more than 60 days after the
date of such notice (or such shorter periods as the Administrative Agent shall
agree)) and (iii) whether such Incremental Commitments are Incremental Revolving
Commitments or Incremental Term Commitments. The Lead Borrower may seek
Incremental Commitments from existing Lenders (each of which shall be entitled
to agree or decline to participate in its sole discretion) or any Additional
Lender.

(b) It shall be a condition precedent to the effectiveness of any Incremental
Commitment and the incurrence of any Incremental Term Loans that (i) no Default
or Event of Default shall have occurred and be continuing immediately prior to
or immediately after giving effect to such Incremental Commitment or the
incurrence of such the Incremental Term Loans, as applicable (or, in the case of
Incremental Commitments or Incremental Loans in connection with a Limited
Condition Acquisition, no Default or Event of Default exists as of the date the
definitive acquisition agreement for such Limited Condition Acquisition is
entered into), (ii) (x) the Parent is in compliance with the Financial
Covenants, determined as of the fiscal quarter of the Parent most recently ended
for which financial statements have been delivered pursuant to Section 7.01 and
on an Incremental Pro Forma Basis or (y) in the case of Incremental Commitments
or Incremental Loans in connection with a Limited Condition Acquisition, the
Parent is in compliance with the Financial Covenants as herein provided on the
date the definitive acquisition agreement for such Limited Condition Acquisition
is entered into, determined on a Pro Forma Basis as of such date, (iii) in the
case of Incremental Commitments or Incremental Loans in connection with a
Limited Condition Acquisition, solely to the extent required by the lenders
providing such Incremental Commitments or Incremental Loans, as applicable, the
representations and warranties set forth in Article 6 and in each other

 

88

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

held by each Revolving Credit Lender (including each such Incremental Revolving
Lender) will equal its Aggregate Commitment Percentage. If, on the date of such
increase, there are any Revolving Credit Loans outstanding, such Revolving
Credit Loans shall upon the effectiveness of such Incremental Revolving
Commitment be prepaid from the proceeds of the Incremental Revolving Credit
Loans made hereunder so that Revolving Credit Loans are thereafter held by the
Revolving Credit Lenders according to their Aggregate Commitment Percentage
(after giving effect to the 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 Revolving Credit 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. For the
avoidance of doubt, it is acknowledged and agreed that Section 5.02 hereof shall
not be applicable to the incurrence of Incremental Commitments or Incremental
Loans pursuant to Section 2.18 hereof.

Section 2.19. Amend and Extend Transactions.

(a) The Lead Borrower may, by written notice to the Administrative Agent from
time to time, request an extension (each, an “Extension”) of the maturity or
termination date of any Class of Revolving Credit Commitments and/or Term Loans
to the extended maturity or termination date specified in such notice. Such
notice shall set forth (i) the amount of the applicable Class of Revolving
Credit Commitments and/or Term Loans to be extended (which shall be in minimum
increments of $1,000,000 and a minimum amount of $5,000,000), (ii) the date on
which such Extension are requested to become effective (which shall be not less
than 10 Business Days nor more than 60 days after the date of such Extension
request (or such longer or shorter periods as the Administrative Agent shall
agree)) and (iii) identifying the relevant Class of Revolving Credit Commitments
and/or Term Loans to which the Extension request relates. Each Lender of the
applicable Class shall be offered (an “Extension Offer”) an opportunity to
participate in such Extension on a pro rata basis and on the same terms and
conditions as each other Lender of such Class pursuant to procedures established
by, or reasonably acceptable to, the Administrative Agent. If the aggregate
principal amount of Term Loans (calculated on the face amount thereof) or
Revolving Credit Commitments in respect of which Lenders shall have accepted the
relevant Extension Offer shall exceed the maximum aggregate principal amount of
Term Loans or Revolving Credit Commitments, as applicable, offered to be
extended by the Lead Borrower pursuant to such Extension Offer, then the Term
Loans or Revolving Credit Commitments, as applicable, of Lenders of the
applicable Class shall be extended ratably up to such maximum amount based on
the respective principal amounts (but not to exceed actual holdings of record)
with respect to which such Lenders have accepted such Extension Offer.

(b) It shall be a condition precedent to the effectiveness of any Extension that
(i) no Default or Event of Default shall have occurred and be continuing
immediately prior to and immediately after giving effect to such Extension,
(ii) the representations and warranties set forth in Article 6 and in each other
Credit Document shall be true and correct in all material respects on and as of
the date of such Extension, (iii) the L/C Issuer and the Swingline Lender shall
have consented to any Extension of the Revolving Credit Commitments, to the
extent that such extension provides for the issuance of Letters of Credit or
making of Swingline Loans at

 

90

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

(i) Each Lender shall deliver to the Parent and to the Administrative Agent, at
the time or times prescribed by applicable Laws or when reasonably requested by
the Parent or the Administrative Agent, such properly completed and executed
documentation prescribed by applicable Laws or by the taxing authorities of any
jurisdiction and such other reasonably requested information as will permit the
Parent or the Administrative Agent, as the case may be, to determine (A) whether
or not payments made hereunder or under any other Credit Document are subject to
Taxes, (B) if applicable, the required rate of withholding or deduction,
(C) such Lender’s entitlement to any available exemption from, or reduction of,
applicable Taxes in respect of all payments to be made to such Lender by the
Borrowers pursuant to this Credit Agreement or otherwise to establish such
Lender’s status for withholding tax purposes in the applicable jurisdiction and
(D) whether or not payments made hereunder or under any other Credit Document
are subject to backup withholding taxes or information reporting requirement.
Notwithstanding anything to the contrary in this Section 3.01(e)(i), the
completion, execution and submission of such documentation (other than such
documentation set forth in Section 3.01(e)(ii)(A), (ii)(B) and (ii)(C) below)
shall not be required if in the Lender’s reasonable judgment such completion,
execution or submission would subject such Lender to any material unreimbursed
cost or expense or would materially prejudice the legal or commercial position
of such Lender.

(ii) Without limiting the generality of the foregoing, if a Borrower is a
resident for tax purposes in the United States:

(A) Any Lender that is a “United States person” within the meaning of
Section 7701(a)(30) of the Internal Revenue Code shall deliver to such Borrower
and the Administrative Agent executed originals of Internal Revenue Service Form
W-9 or such other documentation or information prescribed by applicable Laws or
reasonably requested by such Borrower or the Administrative Agent as will enable
such Borrower or the Administrative Agent, as the case may be, to determine
whether or not such Lender is subject to backup withholding or information
reporting requirements.

(B) Each Foreign Lender that is entitled under the Internal Revenue Code or any
applicable treaty to an exemption from or reduction of withholding tax with
respect to payments hereunder or under any other Credit Document shall deliver
to the Parent and the Administrative Agent (in such number of copies as shall be
requested by the recipient) on or prior to the date on which such Foreign Lender
becomes a Lender under this Credit Agreement (and from time to time thereafter
upon the request of the Parent or the Administrative Agent, but only if such
Foreign Lender is legally entitled to do so), whichever of the following is
applicable:

(1) executed originals of Internal Revenue Service Form W-8 BEN or W-8 BEN-E, as
applicable, claiming eligibility for benefits of an income tax treaty to which
the United States is a party,

 

96

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

(2) executed originals of Internal Revenue Service Form W-8 ECI,

(3) executed originals of Internal Revenue Service Form W-8 IMY and all required
supporting documentation,

(4) in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under section 881(c) of the Internal Revenue Code, (x) a
certificate to the effect that such Foreign Lender is not (A) a “bank” within
the meaning of section 881(c)(3)(A) of the Internal Revenue Code, (B) a “10
percent shareholder” of the Parent within the meaning of section 881(c)(3)(B) of
the Internal Revenue Code, or (C) a “controlled foreign corporation” described
in section 881(c)(3)(C) of the Internal Revenue Code and (y) executed originals
of Internal Revenue Service Form W-8 BEN or W-8 BEN-E, as applicable, or

(5) executed originals of any other form prescribed by applicable Laws as a
basis for claiming exemption from or a reduction in United States Federal
withholding tax together with such supplementary documentation as may be
prescribed by applicable Laws to permit a Borrower or the Administrative Agent
to determine the withholding or deduction required to be made.

(C) If a payment made to a Lender under any Credit Document would be subject to
United States federal withholding Tax imposed by FATCA if such Lender were to
fail to comply with the applicable reporting requirements of FATCA (including
those contained in Section 1471(b) or 1472(b) of the Internal Revenue Code, as
applicable), such Lender shall deliver to the Administrative Agent and the
Parent at the time or times prescribed by law and at such time or times
reasonably requested by the Parent or the Administrative Agent such
documentation prescribed by applicable law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional
documentation reasonably requested by the Parent or the Administrative Agent as
may be necessary for the Parent and the Administrative Agent to comply with
their obligations under FATCA and to determine that such Lender has complied
with such Lender’s obligations under FATCA or to determine the amount to deduct
and withhold from such payment. Solely for purposes of this clause (C), “FATCA”
shall include any amendments made to FATCA after the Effective Date.

(iii) Each Lender shall promptly (A) notify the Parent and the Administrative
Agent of any change in circumstances that would modify or render invalid any
claimed exemption or reduction, and (B) take such steps as shall not be
materially disadvantageous to it, in the reasonable judgment of such Lender, and
as may be reasonably necessary (including the re-designation of its Lending
Office) to avoid any requirement of applicable Laws of any jurisdiction that the
Borrowers or the

 

97

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

Administrative Agent make any withholding or deduction for taxes from amounts
payable to such Lender.

(iv) Each of the Credit Parties shall promptly deliver to the Administrative
Agent or any Lender, as the Administrative Agent or such Lender shall reasonably
request, on or prior to the Closing Date (or such later date on which it first
becomes a Credit Party), and in a timely fashion thereafter, such documents and
forms required by any relevant taxing authorities under the Laws of any
jurisdiction, duly executed and completed by such Credit Party, as are required
to be furnished by such Lender or the Administrative Agent under such Laws in
connection with any payment by the Administrative Agent or any Lender of Taxes
or Other Taxes, or otherwise in connection with the Credit Documents, with
respect to such jurisdiction.

(f) Treatment of Certain Refunds. Unless required by applicable Laws, at no time
shall the Administrative Agent have any obligation to file for or otherwise
pursue on behalf of a Lender or the L/C Issuer, or have any obligation to pay to
any Lender or the L/C Issuer, any refund of Taxes withheld or deducted from
funds paid for the account of such Lender or the L/C Issuer, as the case may be.
If the Administrative Agent, any Lender or the L/C Issuer determines, in its
sole discretion, that it has received a refund of any Taxes or Other Taxes as to
which it has been indemnified by any Credit Party or with respect to which any
Credit Party has paid additional amounts pursuant to this Section, it shall pay
to such Credit Party an amount equal to such refund (but only to the extent of
indemnity payments made, or additional amounts paid, by such Credit Party under
this Section with respect to the Taxes or Other Taxes giving rise to such
refund), net of all out-of-pocket expenses and net of any loss or gain realized
in the conversion of such funds from or to another currency incurred by the
Administrative Agent, such Lender or the L/C Issuer, as the case may be, and
without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund), provided that each Credit Party, upon
the request of the Administrative Agent, such Lender or the L/C Issuer, agrees
to repay the amount paid over to such Credit Party (plus any penalties, interest
or other charges imposed by the relevant Governmental Authority) to the
Administrative Agent, such Lender or the L/C Issuer in the event the
Administrative Agent, such Lender or the L/C Issuer is required to repay such
refund to such Governmental Authority. This subsection shall not be construed to
require the Administrative Agent, any Lender or the L/C Issuer to make available
its tax returns (or any other information relating to its taxes that it deems
confidential) to the Credit Parties, any of their Subsidiaries or any other
Person.

        (g) FATCA. For purposes of determining withholding Taxes imposed under
FATCA, from and after the Fourth Amendment Effective Date, the Borrower and the
Administrative Agent shall treat (and the Lenders hereby authorize the
Administrative Agent to treat) the Credit Agreement as not qualifying as a
“grandfathered obligation” within the meaning of Treasury Regulation
Section 1.1471-2(b)(2)(i).

Section 3.02. Illegality. If any Lender determines that any Law has made it
unlawful, or that any Governmental Authority has asserted that it is unlawful,
for any Lender or its applicable Lending Office to make, maintain or fund Loans
whose interest is determined by reference to the Eurocurrency Rate, or to
determine or charge interest rates based upon the Eurocurrency Rate, or any
Governmental Authority has imposed material restrictions on the authority of
such Lender to purchase or sell, or to take deposits of, Dollars in the London

 

98

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

Section 7.11. Use of Proceeds.

(a) Use (i) the Credit Extensions under the Term Facilities on the Closing Date
and (ii) up to $140,000,000 of the Revolving Credit Loans on the Closing Date to
finance a portion of the Sealy Acquisition and the Refinancing and to pay the
Transaction Costs.

(b) Use Credit Extensions under the Revolving Credit Facility on and after the
Closing Date (i) to provide credit support for the Albuquerque IRB Financing and
(ii) to finance working capital, capital expenditures and other general
corporate purposes, including Acquisitions and Restricted Payments otherwise
permitted hereunder.

(c) Use the proceeds of the New Term B Loans made pursuant to the Second
Amendment to prepay in full all Initial Term B Loans on the Second Amendment
Effective Date.

(d) Use the proceeds of the New Term A Loans made pursuant to the Third
Amendment to prepay in full all Initial Term A Loans on the Third Amendment
Effective Date.

Section 7.12. Joinder of Subsidiaries as Guarantors.

(a) Obligations. Where any Domestic Subsidiary of the Parent (other than (x) an
Excluded Domestic Subsidiary or (y) a Domestic Subsidiary that is not a
Wholly-Owned Subsidiary) that is not a Guarantor hereunder (a “Non-Guarantor
Domestic Subsidiary”) shall at any time:

(i) represent more than 3% of the consolidated assets or account for more than
3% of consolidated revenues for the Parent and its Subsidiaries,

(ii) together with all other such Non-Guarantor Domestic Subsidiaries as a
group, represent more than 10% of the consolidated assets or account for more
than 10% of the consolidated revenues for the Parent and its Subsidiaries, or

(iii) guarantee the obligations under the Senior Notes (if any) or the Bridge
Facility (if any),

then, in any such instance, the Parent will promptly, but in any event within 30
days of making such determination, cause the joinder of Non-Guarantor Domestic
Subsidiaries as Guarantors hereunder pursuant to Joinder Agreements (or such
other documentation reasonably acceptable to the Administrative Agent)
accompanied by Organization Documents and favorable opinions of counsel to each
such Domestic Subsidiary, all in form and substance reasonably satisfactory to
the Administrative Agent, such that after giving effect thereto the
Non-Guarantor Domestic Subsidiaries will not, individually or as a group, exceed
the foregoing threshold requirements.

(b) Guaranties and Support Obligations in Respect of other Funded Debt. The
Parent will not permit any of its Domestic Subsidiaries to give a guaranty or
other Support Obligation in respect of Funded Debt, unless (i) the guaranty or
other Support Obligation is otherwise permitted hereunder and (ii) such Domestic
Subsidiary shall have given a guaranty

 

123

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

of the Obligations hereunder on an equal and ratable basis by becoming a
Guarantor pursuant to the terms hereof.

Section 7.13. Pledge of Capital Stock. Pledge or cause to be pledged in
accordance with the terms of the Collateral Documents:

(a) Domestic Subsidiaries. One hundred percent (100%) of the issued and
outstanding Capital Stock of each Domestic Subsidiary (other than any Excluded
Domestic Subsidiary) to the Collateral Agent to secure the Obligations within 30
days (or such later date as may be agreed to by the Administrative Agent in its
discretion) of the formation, acquisition or other receipt of such interests;
and

(b) First Tier Foreign Subsidiaries. Sixty-five percent (65%) of the issued and
outstanding Capital Stock of each First Tier Foreign Subsidiary and any Excluded
Domestic Subsidiary pursuant to clause (y) of the definition thereof to the
Collateral Agent to secure the Obligations within 60 days (or such later date as
may be agreed to by the Administrative Agent in its discretion) of the
formation, acquisition or other receipt of such interests.

In connection with the foregoing, there will be provided such pledge agreements
or pledge joinder agreements, together with such filings and deliveries to
perfect the liens and security interests therein (including, among other things,
undated transfer powers executed in blank where appropriate), Organization
Documents, resolutions and favorable opinions of counsel all in form, scope and
substance reasonably satisfactory to the Administrative Agent.

Section 7.14. Pledge of Other Property.

(a) Personal Property. The Credit Parties will grant a security interest in all
of their personal property (other than Excluded Property) to the Collateral
Agent to secure the Obligations and, in connection therewith, deliver to the
Administrative Agent such other documentation as the Administrative Agent may
reasonably request including filings and deliveries necessary to perfect such
security interests to the extent that such perfection is required by the
applicable Collateral Documents, Organization Documents, resolutions and
favorable opinions of counsel to such Person, all in form, content and scope
reasonably satisfactory to the Administrative Agent. Such liens on personal
property and deliveries in connection therewith will be provided promptly, but
in the case of Subsidiaries formed or acquired after the Closing Date, in any
event within 30 days of formation or acquisition (unless a later date is
otherwise agreed to by the Administrative Agent).

(b) Real Property. Upon the acquisition of any Specified Real Property by a
Credit Party, within 90 days of the date of acquisition thereof (unless a later
date is otherwise agreed to by the Administrative Agent), the applicable Credit
Party will grant a mortgage lien on and security interest in the Specified Real
Property to the Collateral Agent to secure the Obligations and, in connection
therewith, deliver to the Collateral Agent any documents, or other deliverables,
required as part of the Real Estate Collateral Requirements.

Section 7.15. Landlord Consents. Use reasonable commercial efforts to promptly
obtain landlord consents, estoppel letters or waivers in respect of Collateral
held on material leased premises of the Credit Parties, as reasonably requested
by the Collateral Agent.

 

124

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

(h) Investments to the extent that payment for such investments is made solely
with the Capital Stock of the Parent;

(i) (x) (i) Permitted Acquisitions and (ii) Investments in Subsidiaries of
Parent as a substantially concurrent interim Investment in connection with the
consummation of a Permitted Acquisitions and (y) Investments of any Person that
becomes a Subsidiary on or after the Closing Date; provided that (A) such
Investments exist at the time such Person becomes a Subsidiary and (B) such
Investments are not made in anticipation or contemplation of such Person
becoming a Subsidiary;

(j) Investments in joint ventures in an aggregate amount not to exceed
$30,000,000 at any time outstanding;

(k) Investments in respect of Swap Contracts permitted under Section 8.03(d);

(l) Investments by the Parent or any Subsidiary made in respect of the Danish
Tax Assessment;

(m) other Investments not contemplated in the foregoing clauses hereof in an
aggregate outstanding amount not to exceed at any time (i) $50,000,000 plus
(ii) so long as no Default or Event of Default shall exist immediately before or
immediately after giving effect thereto on a Pro Forma Basis, the Available ECF
Amount; and

(n) Investments to effect the Reorganization.

Section 8.03. Indebtedness. Create, incur, assume or suffer to exist any
Indebtedness, except:

(a) Indebtedness under the Credit Documents;

(b) Indebtedness outstanding on the Closing Date or entered into in connection
with the Reorganization and listed on Schedule 8.03 and any Permitted
Refinancing thereof;

(c) Permitted Incremental Equivalent Debt and Permitted External Refinancing
Debt and any Permitted Refinancing thereof; provided that it shall be a
condition precedent to the effectiveness of any Permitted Incremental Equivalent
Debt that (i) after giving effect thereto, the Aggregate Incremental Amount does
not exceed the Incremental Cap, (ii) no Default or Event of Default shall have
occurred and be continuing immediately prior to or immediately after giving
effect to such Permitted Incremental Equivalent Debt, (iii) the Parent is in
compliance with the Financial Covenants, determined as of the fiscal quarter of
the Parent most recently ended for which financial statements have been
delivered pursuant to Section 7.01 and on an Incremental Pro Forma Basis and
(iv) the representations and warranties set forth in Article 6 and in each other
Credit Document shall be true and correct in all material respects on and as of
the date of such Permitted Incremental Equivalent Debt, except to the extent
that such representations and warranties specifically refer to an earlier date,
in which case they shall be true and correct in all material respects as of such
earlier date.

(d) obligations (contingent or otherwise) of the Parent or any Subsidiary
existing or arising under any Swap Contract, provided that such obligations are
entered into by such

 

129

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

(l) (i) Indebtedness of Foreign Subsidiaries owed to Persons other than the
Parent and any of its Subsidiaries in an aggregate principal amount not to
exceed $50,000,000 outstanding at any time and (ii) Indebtedness of Foreign
Subsidiaries incurred to satisfy the Danish Tax Assessment;

(m) Indebtedness outstanding under the Convertible Notes and any Permitted
Refinancings thereof (including, under the Senior Notes);

(n) Indebtedness outstanding under the Senior Notes (if any) and/or the Bridge
Facility (if any) in an aggregate principal amount not to exceed $375,000,000
and any Permitted Refinancing thereof;

(o) Indebtedness of any Person that becomes a Subsidiary on or after the Closing
Date; provided that (A) such Indebtedness exists at the time such Person becomes
a Subsidiary and (B) such Indebtedness is not made in anticipation or
contemplation of such Person becoming a Subsidiary; and

(p) other Indebtedness not contemplated in the foregoing clauses of this Section
in an aggregate principal amount not to exceed $25,000,000 at any time.

Section 8.04. Mergers and Dissolutions.

(a) Enter into a transaction of merger or consolidation; provided that such
mergers and consolidations shall be permitted to effect the Sealy Acquisition
and the Reorganization and provided further that so long as no Default or Event
of Default then exists or would result therefrom:

(i) the Parent and its Subsidiaries may merge or consolidate with any Credit
Party; provided that (A) if the Parent is a party to the merger or
consolidation, it shall be the surviving entity and (B) if the Parent is not a
party to the merger or consolidation, then the other Credit Party thereto shall
be the surviving entity;

(ii) a Subsidiary of the Parent that is not a Credit Party may merge or
consolidate with any other Subsidiary that is not a Credit Party; and

(iii) the Parent and its Subsidiaries may merge or consolidate with Persons that
are not Credit Parties, provided that (A) if the Parent is a party to the merger
or consolidation, it shall be the surviving entity, (B) if a Subsidiary of the
Parent that is a Credit Party is a party to the merger or consolidation, the
Subsidiary that is a Credit Party will be the surviving entity, and such
transaction shall be an Investment permitted under Section 8.02, (C) the
transaction shall be a Permitted Acquisition or a Permitted Disposition;

(b) Credit Parties (other than the Parent) may (i) be dissolved or liquidated
into another Credit Party or (ii) otherwise have their existence terminated to
the extent that the assets of such Credit Party are distributed, upon such
termination, to one or more Credit Parties.

 

131

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

(c) Subsidiaries that are not Credit Parties may be dissolved, liquidated or
otherwise have their existence terminated.

Section 8.05. Dispositions. Make any Disposition or enter into any agreement to
make any Disposition to or in favor of any Person, except:

(a) (i) Dispositions between and among Credit Parties, (ii) Dispositions between
and among Subsidiaries that are not Credit Parties and (iii) Dispositions
between Credit Parties, on the one hand, and Subsidiaries that are not Credit
Parties, on the other hand, provided that in the case of any disposition by a
Credit Party to a Subsidiary that is not a Credit Party, such Disposition shall
be (x) made at fair market value (as determined by the Parent in good faith) and
in the ordinary course of business or (y) an Investment permitted by Section
8.02;

(b) other Dispositions by the Parent or any Subsidiary, provided that (i) at the
time of such Disposition, no Default or Event of Default shall exist or would
result from such Disposition, (ii) the aggregate book value of all property
Disposed of in reliance on this clause (b) in any fiscal year shall not exceed
an amount equal to ten percent (10%) of the aggregate book value of the assets
of the Parent and its Subsidiaries (including the Company and its Subsidiaries)
on the last day of the immediately preceding fiscal year, (iii) the
consideration for any such Disposition shall be at least 75% cash or Cash
Equivalents and (iv) such Disposition shall be for at least the fair market
value (as determined by the Parent in good faith) of the assets or property
subject to such Disposition; provided further that from and after the date on
which the aggregate book value of all property Disposed of in reliance on this
clause (b) during the term of this Credit Agreement exceeds twenty percent
(20%) of the aggregate book value of the assets of the Parent and its
Subsidiaries (including the Company and its Subsidiaries) as set forth on the
first financial statements delivered after the Closing Date pursuant to Section
7.01(a) or (b) (other than any such financial statements relating solely to
periods prior to the Closing Date), the Net Cash Proceeds of all such
Dispositions shall thereafter be applied to prepay the Term Loans pursuant to
Section 2.06(b)(ii)(A) (without giving effect to the reinvestment rights set
forth therein).

(c) Dispositions consisting of the licensing or sublicensing of intellectual
property and licenses, leases or subleases of other property, in each case in
the ordinary course of business;

(d) use of cash and Cash Equivalents for transactions not expressly prohibited
hereunder;

(e) Dispositions permitted by Section 8.01, Section 8.02, Section 8.04 and
Section 8.06;

(f) a Sale and Leaseback Transaction with respect to the Kentucky Headquarters;
provided that (i) at the time of such Disposition, no Default or Event of
Default shall have occurred and be continuing or would result from such
Disposition, (ii) the consideration for any such Disposition shall be at least
75% cash or Cash Equivalents and (iii) such disposition shall be for at least
the fair market value (as determined by the Parent in good faith) of the
Kentucky Headquarters; and

 

132

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

(g) Dispositions to effect the Reorganization.; and

(h) Dispositions of Investments (including equity interests) in Specified
Existing Joint Ventures or other joint ventures to the extent required by, or
made pursuant to customary buy/sell arrangements between, the joint venture
parties set forth in joint venture arrangements and similar binding
arrangements.

Section 8.06. Restricted Payments. Declare or make, directly or indirectly, any
Restricted Payment, or incur any obligation (contingent or otherwise) to do so,
except that, so long as no Default or Event of Default shall have occurred and
be continuing at the time of any action described below or would result
therefrom:

(a) Subsidiaries of the Parent may pay dividends and make distributions in
respect of their Capital Stock ratably to their equity holders;

(b) the Parent may declare and make dividend payments or other distributions
payable solely in the common stock or other common equity interests of the
Parent;

(c) (i) the Parent may purchase, redeem or otherwise acquire shares of its
common stock or other common equity interests or warrants or options to acquire
any such shares with the proceeds received from the substantially concurrent
issue of new shares of its common stock or other common equity interests; and
(ii) the Parent may purchase, redeem or otherwise acquire shares of its common
stock or other common equity interests or warrants or options to acquire any
such shares issued in connection with the Reorganization from any Credit Party;
and

(d) the Parent may make other Restricted Payments in an aggregate amount not to
exceed (i) $20,000,000 less the aggregate amount of all prepayments of Junior
Financing made pursuant to Section 8.12(a)(iii)(A) plus (ii) the Available ECF
Amount, provided that, solely with respect to clause (ii) above, the
Consolidated Total Net Leverage Ratio as of the last day of the fiscal quarter
of the Parent most recently ended for which financial statements have been
delivered under Section 7.01, determined on a Pro Forma Basis, is less than
3.50:1.00.

Section 8.07. Change in Nature of Business. Engage in any material line of
business substantially different from those lines of business conducted by the
Parent and its Subsidiaries on the Effective Date (or that would be conducted
after giving effect to the Transaction) or any business substantially related or
incidental thereto.

Section 8.08. Change in Fiscal Year. Change its fiscal year without the prior
consent of the Administrative Agent (except to align the fiscal year of the
Company and its Subsidiaries with the fiscal year of the Parent).

Section 8.09. Transactions with Affiliates. Enter into any transaction of any
kind with any Affiliate of the Parent, whether or not in the ordinary course of
business, other than (a) transactions on fair and reasonable terms substantially
as favorable to the Parent or such Subsidiary as would be obtainable by the
Parent or such Subsidiary at the time in a comparable arm’s length transaction
with a Person other than an Affiliate, (b) payment of reasonable compensation
(including reasonable bonus and other reasonable incentive

 

133

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

arrangements) to officers and employees, (c) reasonable directors’ fees,
(d) Restricted Payments permitted pursuant to Section 8.06, (e) reimbursement of
employee travel and lodging costs and other business expenses incurred in the
ordinary course of business, (f) Investments permitted by Sections 8.02(b),
8.02(c), 8.02(e), 8.02(f), 8.02(g) and 8.02(l), (g) Indebtedness permitted by
Sections 8.03(b), 8.03(e) (to the extent permitted by Sections 8.02(e), (f) and
(g)), 8.030 and 8.03(i) and, (h) Dispositions permitted by Sections 8.05(a) and,
8.05(g). and Section 8.05(h) and (i) transactions by and among the Parent and
its Subsidiaries, on the one hand, and, from and after (x) Parent or one or more
of its Subsidiaries owning 100% of the Equity Interests of Comfort Revolution
LLC or (y) Comfort Revolution LLC becoming a Guarantor hereunder, Comfort
Revolution LLC, on the other hand.

Section 8.10. Use of Proceeds. Use the proceeds of any Credit Extension for any
purpose except as contemplated by Section 7.11. Any Credit Extension used for
the purpose contemplated by Section 7.11(b) shall not be used, whether directly
or indirectly, and whether immediately, incidentally or ultimately, to purchase
or carry margin stock (within the meaning of Regulation U of the FRB) or to
extend credit to others for the purpose of purchasing or carrying margin stock
or to refund indebtedness originally incurred for such purpose.

Section 8.11. Financial Covenants.

(a) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest
Coverage Ratio as of the last day of any fiscal quarter of the Parent ending
during any period set forth below to be less than the ratio set forth below for
such fiscal quarter.

 

Fiscal Quarter

  Minimum Consolidated Interest
Coverage Ratio

Closing Date through September 30, 2013

  2.75:1.00

October 1, 2013 and thereafter

  3.00:1.00

(b) Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net
Leverage Ratio as of the last day of any fiscal quarter of the Parent ending
during any period set forth below to be greater than the ratio set forth below
for such fiscal quarter.

 

Fiscal Quarter

  Maximum Consolidated Total Net
Leverage Ratio

Closing Date through September 30, 2013

  5.50:1.00

October 1, 2013 through December 31, 2013

  5.25:1.00

January 1, 2014 through March 31, 2014

  5.00:1.00

April 1, 2014 through JuneSeptember 30, 20142015

  4.75:1.00

JulyOctober 1, 20142015 through December 31, 2014September 30, 2016

  4.50:1.00

JanuaryOctober 1, 20152016 through December 31, 20152017

  4.004.25:1.00

January 1, 20162018 and thereafter

  3.54.00:1.00

 

134

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

Section 8.12. Prepayments etc. of Indebtedness.

(a) Prepay, redeem, purchase, defease or otherwise satisfy prior to the
scheduled maturity thereof in any manner the Senior Notes (if any), the Bridge
Facility (if any), any Permitted Incremental Equivalent Debt, any Permitted
External Refinancing Debt, any Indebtedness permitted by Section 8.03(h) or any
other Indebtedness that is subordinated to the Loan Obligations expressly by its
terms (other than Indebtedness among the Parent and its Subsidiaries) to the
extent permitted by any applicable subordination provisions (collectively, the
“Junior Financing”), except (i) any Permitted Refinancing thereof, (ii) the
conversion of any such Junior Financing to Capital Stock (other than
Disqualified Stock) of the Parent from the substantially concurrent issuance of
new shares of its common stock or other common equity interests and
(iii) prepayments, redemptions, purchases, defeasances and other repayments in
respect to Junior Financings in an aggregate amount not to exceed
(A) $20,000,000 less the aggregate amount of all Restricted Payments made
pursuant to Section 8.06(d)(i) plus (B) the Available ECF Amount; provided
(x) no Default or Event of Default shall exist immediately before or immediately
after giving effect thereto on a Pro Forma Basis and (y) solely with respect to
clause (B) above, the Consolidated Total Net Leverage Ratio as of the last day
of the fiscal quarter of the Parent most recently ended for which financial
statements have been delivered under Section 7.01, determined on a Pro Forma
Basis, is less than 4.25:1.00.

(b) Amend, modify or change any term or condition of any documentation governing
any Junior Financing in a manner that would permit a payment not otherwise
permitted by Section 8.12(a), would contravene any subordination or
intercreditor provisions then in effect or would otherwise be materially adverse
to the interest of the Lenders.

Section 8.13. Burdensome Agreements. Enter into, incur or permit to exist any
agreement or other arrangement that prohibits, restricts or imposes any
condition upon (i) the ability of the Parent or any Credit Party to create,
incur or permit to exist any Lien upon any of its property or assets to secure
the Obligations or (ii) the ability of any Subsidiary to pay dividends or other
distributions with respect to any of its Capital Stock or to make or repay loans
or advances to the Parent or any other Subsidiary or to guarantee Indebtedness
of the Parent or any other Subsidiary; provided that (A) the foregoing shall not
apply to restrictions and conditions imposed by Law, or by any Credit Document
or any document evidencing the Senior Notes (if any), the Bridge Facility (if
any), any Permitted Incremental Equivalent Debt or any Permitted External
Refinancing Debt, (B) the foregoing shall not apply to customary restrictions
and conditions contained in agreements relating to the permitted sale of a
Subsidiary pending such sale, provided that such restrictions and conditions
apply only to the Subsidiary that is to be sold and such sale is permitted
hereunder, (C) the foregoing shall not apply to restrictions and conditions
imposed on any Foreign Subsidiary by the terms of any Indebtedness of such
Foreign Subsidiary permitted to exist or be incurred hereunder, (D) clause
(i) of the foregoing shall not apply to restrictions or conditions imposed by
any agreement relating to secured Indebtedness permitted hereunder if such
restrictions or conditions apply only to the property or assets securing such
Indebtedness and (E) clause (i) of the foregoing shall not apply to customary
provisions in leases and other contracts (including joint venture agreements)
restricting the assignment thereof.

Section 8.14. Organization Documents. Amend, modify or change in any manner
materially adverse to the interests of the Lenders its Organization Documents.

 

135

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

Exhibit B

[Amendments to Schedule 8.01 and Schedule 8.03 to the Credit Agreement attached]

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

Schedule 8.01

Existing Liens

1. To the extent not constituting Liens permitted under Section 8.01(o), see
attached Schedule 8.01(A).

2. Intercompany Liens on property or assets of Foreign Subsidiaries of the
Company securing Indebtedness of such Foreign Subsidiaries to the Company and
any of its Subsidiaries that are Credit Parties.

3. Other Liens of the Company and its Subsidiaries that, individually or in the
aggregate, do not materially impair, and would not reasonably be expected to
materially impair, the value or continued use and operations of the assets to
which they relate, in each case, existing as of the Closing Date.

4. Liens securing Indebtedness under that certain Loan and Security Agreement,
dated as of June 12, 2012 (as amended and in effect from time to time), between
Comfort Revolution, LLC, as borrower, and Sealy Mattress Company (together with
any successor or assigned), as lender.

5. Liens securing Indebtedness not otherwise identified in this Schedule 8.01 in
an approximate aggregate principal amount of $7,500,000.

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

Schedule 8.03

Existing Indebtedness

 

1. Indebtedness owed by Sealy Corporation to Phoenix Forklift in an aggregate
principal amount of $4,827.

 

2. Indebtedness owed by Sealy Corporation to Williamsport Mail Machine in an
aggregate principal amount of $2,959.

 

3. Indebtedness owed by Sealy Corporation to Richmond Mail Machine in an
aggregate principal amount of $1,424.

 

4. Capital lease obligations of Sealy Corporation to with respect to the
Mountain Top-Latex facility in an aggregate principal amount of $12,693,531.

 

5. Capital lease obligations of Sealy Corporation with respect to the Albany
facility in an aggregate principal amount of $11,998,766.

 

6. Capital lease obligations of Sealy Corporation to with respect to the Orlando
facility in an aggregate principal amount of $15,595,325.

 

7. Indebtedness owed by Sealy Argentina SRL in favor of Galicia, Frances,
Santander Rio, HSBC, Itau, BST, Supervielle, Industrial, Provincia, Citi in an
aggregate amount, as of November 29, 2012, of approximately USD$1,000,000.

 

8. (a) A promissory note issued by Tempur Holdings B.V. (or another Foreign
Subsidiary of Parent) in favor of Parent (or another Credit Party) in an
aggregate initial principal amount not to exceed the difference between: (i) the
fair market value of Sealy (Switzerland) GmbH and its subsidiaries, determined
by reference to the most recent valuation of Sealy (Switzerland) GmbH and its
subsidiaries and approved by Parent in its reasonable business judgment, such
valuation to be conducted by a third party valuation firm retained by Parent,
and (ii) the free cash on hand at Tempur Holdings B.V. and its Subsidiaries as
determined by Parent in its reasonable business judgment. This promissory note
is anticipated to be issued shortly before the consummation of the Sealy
Acquisition in connection with the Reorganization.

(b) A promissory note issued by Tempur Holdings B.V. (or another Foreign
Subsidiary of Parent) in favor of Tempur-Pedic Management, LLC (or another
Credit Party) in an aggregate initial principal amount not to exceed the sum of:
(i) the initial aggregate principal amount of the note identified in item 8(a)
immediately above, and (ii) the free cash on hand at Tempur Holdings B.V. and
its Subsidiaries as determined by Parent in its reasonable business judgment.
This promissory note is anticipated to be issued shortly after the consummation
of the Sealy Acquisition in connection with the Reorganization.

 

9. See Schedule 8.02, items 1 through 7 (to the extent constituting
Indebtedness).

 

10. Other Indebtedness permitted to exist on the Closing Date pursuant to
Section 5.01(m)(iv) and (vii) of the Credit Agreement (it being understood and
agreed that this item 10 shall in no way affect the condition precedent set
forth in Section 5.01(m) of the Credit Agreement).

 

11. Indebtedness under that certain Loan and Security Agreement, dated as of
June 12, 2012 (as amended and in effect from time to time), between Comfort
Revolution, LLC, as borrower, and Sealy Mattress Company (together with any
successor or assigned), as lender.

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

Exhibit C

[Schedule 1.01-4 to the Credit Agreement attached]

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

Schedule 1.01-4

Specified Existing Joint Ventures

 

Name of Entity

 

Jurisdiction of Organization

Comfort Revolution, LLC   Delaware Sealy Asia (Hong Kong) Ltd.   Hong Kong Sealy
Asia (Malaysia) Sdn. Bhd.   Malaysia Sealy Asia (Singapore) Pte, Ltd.  
Singapore Sealy Korea Company   Korea PT Sealy Indonesia   Indonesia Sealy New
Zealand Limited   New Zealand Sealy China (Holdings) Ltd   Hong Kong Sealy India
(Holdings) Pte Ltd   Singapore Sealy India (Trading) Pvt Ltd.   India