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Exhibit 10.5(5)
EXECUTION COPY
 

 
THIRD AMENDMENT AGREEMENT dated as of March 9, 2012 (this “Agreement”), to the
Credit Agreement dated as of February 28, 2008, as heretofore amended and
restated as of February 19, 2009, as further amended and restated as of August
5, 2011, and as further amended prior to the date hereof (the “Existing Credit
Agreement”), among PULSE ELECTRONICS CORPORATION (formerly known as Technitrol,
Inc.), a Pennsylvania corporation (the “Company”), the SUBSIDIARIES of the
Company party thereto, the LENDERS party thereto and JPMORGAN CHASE BANK, N.A.,
as Administrative Agent, Swing Line Lender and L/C Issuer.

 
Capitalized terms used but not otherwise defined herein have the meanings
assigned to them in the Existing Credit Agreement or the Restated Credit
Agreement (as defined below), as the context may require.
 
The Company has requested certain amendments to the Existing Credit
Agreement.  The Required Lenders are willing to agree to such amendments, on the
terms and subject to the conditions set forth herein.
 
Accordingly, in consideration of the mutual agreements herein contained and
other good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, the parties hereto hereby agree as follows:
 
SECTION 1.  Amendment and Restatement of the Existing Credit
Agreement.  1)Effective as of the Third Restatement Effective Date (as defined
below), the Existing Credit Agreement (excluding, except as expressly set forth
herein, any schedule or exhibit thereto, each of which shall remain as in effect
immediately prior to the Third Restatement Effective Date) is hereby amended and
restated to be in the form attached as Exhibit A hereto (the Existing Credit
Agreement, as so amended and restated, being referred to as the “Restated Credit
Agreement”).
 
(b)  Effective as of the Third Restatement Effective Date, Schedule 2.01 to the
Existing Credit Agreement is hereby amended and restated to be in the form of
Schedule 2.01 attached hereto.
 
(c)  Effective as of the Third Restatement Effective Date, Exhibits C and G to
the Existing Credit Agreement are hereby amended and restated to be in the forms
of Exhibits C and G attached hereto.
 
SECTION 2.  Representations and Warranties.  Each Borrower represents and
warrants to the Agents, the Lenders and the L/C Issuers that:
 
(a)  the execution, delivery, and performance by each Borrower of this
Agreement, and the consummation of the transactions contemplated hereby, have
been duly authorized by all necessary corporate or other organizational action
on behalf of such Borrower;
 
 
 

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(b)  this Agreement has been duly and validly executed by each Borrower and
constitutes the legal, valid, and binding obligation of each Borrower,
enforceable against such Borrower in accordance with its terms, except to the
extent that such enforcement may be limited by applicable bankruptcy, insolvency
and other similar laws affecting creditor’s rights generally;
 
(c)  as of the Third Restatement Effective Date, the representations and
warranties of (i) the Borrowers contained in Article V of the Restated Credit
Agreement and (ii) each Loan Party contained in any other Loan Document are true
and correct in all material respects on and as of the date hereof, except that
(A) to the extent that such representations and warranties specifically refer to
an earlier date, they shall be true and correct in all material respects as of
such earlier date, (B) each of the representations and warranties contained in
Sections 5.05(a) and 5.05(b) of the Restated Credit Agreement (except with
respect to the representations and warranties set forth in Sections 5.05(a)(ii),
(iii) and (iv) of the Restated Credit Agreement) shall be deemed to refer to the
most recent financial statements furnished pursuant to Section 6.01(a) or
6.01(b) of the Existing Credit Agreement prior to the date hereof and (C) the
representation and warranty contained in Section 5.15, insofar as it relates to
the Information Memorandum, shall be deemed made only as of the date of the
Information Memorandum; and
 
(d)  as of the Third Restatement Effective Date, no Default has occurred and is
continuing on the date hereof.
 
SECTION 3.  Effectiveness.  The amendment and restatement of the Existing Credit
Agreement and certain schedules and exhibits thereto as set forth in Section 1
hereof shall become effective on the first date (the “Third Restatement
Effective Date”) on which each of the following conditions shall have been
satisfied:
 
(a)  the Administrative Agent shall have received:
 
(i)  duly executed counterparts hereof that, when taken together, bear the
authorized signatures of each of the Borrowers, the Administrative Agent, the
Swing Line Lender, the L/C Issuers and the Required Lenders;
 
(ii)  such documents and certificates as the Administrative Agent may reasonably
request relating to the authorization of this Agreement and the transactions
contemplated hereby by each Borrower and any other legal matters relating to the
Loan Parties, the Loan Documents, the Warrant Documents or the transactions
contemplated thereby, all in form and substance reasonably satisfactory to the
Administrative Agent;
 
 
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(iii)  (A) a certificate of a Responsible Officer of each Borrower, dated the
Third Restatement Effective Date, attaching copies of all consents, licenses and
approvals required in connection with the execution, delivery and performance by
such Borrower of this Agreement, the Restated Credit Agreement, and, in the case
of the Company, the Warrant Documents and the validity against such Borrower of
this Agreement, the Restated Credit Agreement, and, in the case of the Company,
the Warrant Documents, which consents, licenses and approvals shall be in full
force and effect, or (B) a certificate of a Responsible Officer of the Company,
dated the Third Restatement Effective Date stating that no such consents,
licenses or approvals are so required from each Borrower; and
 
(iv)  a certificate of the chief financial officer of the Company, dated the
Third Restatement Effective Date, certifying that the representations and
warranties set forth in Section 2 hereof are true and correct as of the Third
Restatement Effective Date;
 
(b)  (i) the Company shall have provided notice to the Applicable Agent pursuant
to Section 2.06 of the Existing Credit Agreement of the permanent reduction,
effective on the Third Restatement Effective Date, of the Aggregate Primary
Revolving Commitments to $55,000,000 and such reduction shall have become
effective on the Third Restatement Effective Date, and (ii) the Administrative
Agent shall be reasonably satisfied that, immediately after giving effect to
such reduction on the Third Restatement Effective Date, the Total Primary
Revolving Outstandings shall not exceed the Aggregate Primary Revolving
Commitments;
 
(c)  the Administrative Agent shall have received a certificate of a Responsible
Officer of the Company, setting forth, as of February 24, 2012, the aggregate
amount of Unrestricted Cash, separately for each jurisdiction;
 
(d)  the Administrative Agent shall have received a duly completed Borrowing
Base Certificate, setting forth the Borrowing Base as of February 24, 2012;
 
(e)  the Administrative Agent shall have received a report, in a form that is
reasonably satisfactory to the Administrative Agent, signed by a Responsible
Officer of the Company setting forth, as of February 24, 2012, the book value of
certain Collateral being pledged pursuant to the Security Documents, separately
for each jurisdiction;
 
(f)  the Collateral and Guarantee Requirement shall have been satisfied with
respect to those actions and items that are required to have been completed as
of the Third Restatement Effective Date;
 
 
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(g)  the Administrative Agent shall have received, for the account of the
Lenders, all accrued and unpaid interest and fees, and any outstanding Swing
Line Loans, in each case under the Existing Credit Agreement;
 
(h)  the Administrative Agent shall have received the favorable legal opinion of
Drinker Biddle & Reath LLP, counsel to the Company and its Subsidiaries,
addressed to each Agent, each Lender and each L/C Issuer and dated the Third
Restatement Effective Date and covering such matters concerning the Loan
Parties, the Loan Documents and the Warrant Documents as the Administrative
Agent may reasonably request;
 
(i)  the Administrative Agent shall have received, for its own account and for
the account of the Arranger and the Lenders, all fees and other amounts due and
payable on or prior to the Third Restatement Effective Date, including (i) the
reimbursement or payment of all out-of-pocket expenses (including the reasonable
fees, charges and disbursements of Cravath, Swaine & Moore LLP, counsel for the
Administrative Agent) incurred in connection with this Agreement and (ii) the
reasonable fees, charges and disbursement of foreign counsel for the
Administrative Agent incurred in connection with the Existing Credit Agreement
or this Agreement;
 
(j)  the Administrative Agent shall have received, for the account of each
Lender that executes and delivers a copy of this Agreement to the Administrative
Agent (or its counsel) at or prior to 2:00 p.m., New York City time, on March 9,
2012 (each, a “Consenting Lender”), a fee in an amount equal to 1.00% of the
Primary Revolving Commitment of such Lender (whether used or unused), in each
case determined as of the Third Restatement Effective Date after giving effect
to the commitment reduction contemplated by clause (b) above; and
 
(k)  (i) the Administrative Agent shall have received, for the account of each
Consenting Lender (or their designated Affiliates), a duly issued Warrant
representing an amount of shares of the Company’s common stock equal to (A) such
Lender’s Applicable Primary Revolving Percentage as of the Third Restatement
Effective Date multiplied by (B) 6.5% of the total shares of the Company’s
common stock outstanding as of the Third Restatement Effective Date, and (ii)
the Company and each Consenting Lender (or their designated Affiliates) to whom
a Warrant has been issued shall have executed and delivered each of the Warrant
Agreement, substantially in the form of Annex I attached hereto, and the Warrant
Shares Registration Rights Agreement, substantially in the form of Annex II
attached hereto, each of which shall be in full force and effect and in form and
substance satisfactory to the Administrative Agent.
 
SECTION 4.  Certain Waivers and Authorizations.  The Lenders party hereto hereby
waive:
 
 
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(a)  solely in respect of the permanent reduction in the Aggregate Primary
Revolving Commitments contemplated by Section 3(b) above, compliance with
Section 2.06 of the Existing Credit Agreement insofar as such Section requires
prior notice of such reduction and that such reduction be in an aggregate amount
that is a whole multiple of $1,000,000;
 
(b)  solely in respect of the fiscal quarter ending on or about December 30,
2011, compliance with Section 7.11(a) of the Existing Credit Agreement insofar
as such Section requires the Company to maintain a ratio of Consolidated EBITDA
to Consolidated Fixed Charges of at least 0.75 to 1.00 for the four consecutive
fiscal quarters ending on or about December 30, 2011; and
 
(c)  solely in respect of the fiscal quarter ending on or about December 30,
2011, compliance with Section 7.11(c) of the Existing Credit Agreement insofar
as such Section requires the Company to maintain a minimum Consolidated EBITDA
of $8,250,000 for the two consecutive fiscal quarters ending on or about
December 30, 2011.
 
SECTION 5.  Effect of Amendment and Restatement; No Novation.  2)Except as
expressly set forth herein, this Agreement shall not by implication or otherwise
limit, impair, constitute a waiver of or otherwise affect the rights and
remedies of the Agents, the Lenders or the L/C Issuers under any Loan Document,
and shall not alter, modify, amend or in any way affect any of the terms,
conditions, obligations (including, for the avoidance of doubt, any guarantee
obligations and indemnity obligations of the Guarantors (as defined in the
Guarantee Agreement)), covenants or agreements contained in any Loan Document,
all of which are ratified and affirmed in all respects and shall continue in
full force and effect (it being understood and agreed that all interest and fees
accruing under the Existing Credit Agreement in respect of periods prior to the
Third Restatement Effective Date will accrue at the rates specified in the
Existing Credit Agreement prior to the Third Restatement Effective Date and
shall be payable at the times provided in the Restated Credit
Agreement).  Nothing herein shall be deemed to entitle any Loan Party to a
consent to, or a waiver, amendment, modification or other change of, any of the
terms, conditions, obligations, covenants or agreements contained in any Loan
Document in similar or different circumstances.
 
(b)  From and after the Third Restatement Effective Date, the terms “Agreement”,
“this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof” and words of
similar import, as used in the Restated Credit Agreement, shall refer to the
Existing Credit Agreement as amended and restated in the form of the Restated
Credit Agreement, and the term “Credit Agreement”, as used in any Loan Document,
shall mean the Restated Credit Agreement.  This Agreement shall constitute a
“Loan Document” for all purposes of the Restated Credit Agreement and the other
Loan Documents.
 
 
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(c)  Neither this Agreement nor the effectiveness of the Restated Credit
Agreement shall extinguish the obligations for the payment of money outstanding
under the Existing Credit Agreement or discharge or release any Guarantee
thereof.  Nothing herein contained shall be construed as a substitution or
novation of the Loan Document Obligations outstanding under the Existing Credit
Agreement, the Guarantee Agreement or the Security Documents, which shall remain
in full force and effect, except as modified hereby.  Nothing expressed or
implied in this Agreement, the Restated Credit Agreement or any other document
contemplated hereby or thereby shall be construed as a release or other
discharge of any Borrower under the Existing Credit Agreement or any Loan Party
under any Loan Document (as defined in the Existing Credit Agreement) from any
of its obligations and liabilities thereunder.
 
SECTION 6.  GOVERNING LAW.  THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK.
 
SECTION 7.  Counterparts.  This Agreement may be executed in counterparts (and
by different parties hereto in different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a
single contract.  Delivery of an executed counterpart of a signature page of
this Agreement by facsimile shall be effective as delivery of a manually
executed counterpart of this Agreement.
 
SECTION 8.  Headings. The headings of this Agreement are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.
 
[Signature pages follow.]
 
 
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed by their respective authorized officers as of the date first above
written.
 

 
PULSE ELECTRONICS CORPORATION,
           
by
        /s/ Drew A. Moyer      
Name:  Drew A. Moyer
     
Title:    Senior VP and CFO
 

 

 
AMI DODUCO, INC.,
           
by
        /s/ Drew A. Moyer      
Name:  Drew A. Moyer
     
Title:    President
 

 

 
PULSE ELECTRONICS, INC.,
           
by
        /s/ Drew A. Moyer      
Name:  Drew A. Moyer
     
Title:    Secretary & Treasurer
 

 

 
TECHNITROL DELAWARE, INC.,
           
by
        /s/ Drew A. Moyer      
Name:  Drew A. Moyer
     
Title:    President
 

 
[Signature Page to Amendment Agreement]
 
 
 

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PULSE ELECTRONICS GMBH,
         
PULSE NEDERLAND B.V.,
         
PULSE DENMARK APS,
           
by
        /s/ Drew A. Moyer      
Name:  Drew A. Moyer
     
Title:    Director
 

 
THE COMMON SEAL OF
           
PULSE ELECTRONICS (SINGAPORE) PTE. LTD.,
           
WAS AFFIXED HERETO IN ACCORDANCE
    WITH ITS ARTICLES OF ASSOCIATION:       /s/ Drew A. Moyer     Name: Drew
Alan Moyer     Title:  Director               /s/ Leong Yoke Yeng     Name:  
Leong Yoke Yeng     Title: Secretary  

 

 
THE COMMON SEAL OF
           
TECHNITROL SINGAPORE HOLDINGS, PTE. LTD.,
           
WAS AFFIXED HERETO IN ACCORDANCE
   
WITH ITS ARTICLES OF ASSOCIATION:
              /s/ Drew A. Moyer     Name: Drew Alan Moyer     Title:  Director  
            /s/ Leong Yoke Yeng     Name:   Leong Yoke Yeng     Title: Secretary
 

 
[Signature Page to Amendment Agreement]
 
 
 

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JPMORGAN CHASE BANK, N.A., as Lender, Administrative Agent, Swing Line Lender
and L/C Issuer
         
 
by:
/s/ Deborah R. Winkler       Name: Deborah R. Winkler       Title:   Vice
President  

 
[Signature Page to Amendment Agreement]

 
 
 

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SIGNATURE PAGE TO AMENDMENT AGREEMENT
AMENDING AND RESTATING
THE AMENDED AND RESTATED CREDIT AGREEMENT OF
PULSE ELECTRONICS CORPORATION
(FORMERLY KNOWN AS TECHNITROL, INC.)
 
[logo9.jpg]

 

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* For Lenders requiring a second signature line.
 
[Signature Page to Amendment Agreement]
 
 
 

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SIGNATURE PAGE TO AMENDMENT AGREEMENT
AMENDING AND RESTATING
THE AMENDED AND RESTATED CREDIT AGREEMENT OF
PULSE ELECTRONICS CORPORATION
(FORMERLY KNOWN AS TECHNITROL, INC.)
 

LENDER:  
Bank of China, New York Branch
 

 
 
by:
/s/ Yan Jin       Name: Yan Jin       Title: First Vice President            
by:   *     Name:       Title:  

 

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* For Lenders requiring a second signature line.
 
 
 

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SIGNATURE PAGE TO AMENDMENT AGREEMENT
AMENDING AND RESTATING
THE AMENDED AND RESTATED CREDIT AGREEMENT OF
PULSE ELECTRONICS CORPORATION
(FORMERLY KNOWN AS TECHNITROL, INC.)
 

LENDER:   Citizens Bank of Pennsylvania  

 
 
by:
/s/ Gavin Andrew Taylor       Name: Gavin Andrew Taylor       Title: SVP        
    by:   *     Name:       Title:  

 

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* For Lenders requiring a second signature line.
 
 
 

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SIGNATURE PAGE TO AMENDMENT AGREEMENT
AMENDING AND RESTATING
THE AMENDED AND RESTATED CREDIT AGREEMENT OF
PULSE ELECTRONICS CORPORATION
(FORMERLY KNOWN AS TECHNITROL, INC.)

LENDER:   Comerica Bank  

 
 
by:
/s/ Sarah R. Miller       Name: Sarah R. Miller       Title: Vice President    
        by:   *     Name:       Title:  

 

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* For Lenders requiring a second signature line.

 
 

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SIGNATURE PAGE TO AMENDMENT AGREEMENT
AMENDING AND RESTATING
THE AMENDED AND RESTATED CREDIT AGREEMENT OF
PULSE ELECTRONICS CORPORATION
(FORMERLY KNOWN AS TECHNITROL, INC.)

LENDER:   Danske Bank A/S  

 
 
by:
/s/ Morten Olufsen       Name: Morten Olufsen       Title: Senior Client
Executive            

 

  by: /s/ Ole Hatting *     Name: Ole Hatting       Title: Senior Chief Legal
Advisor  

 

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* For Lenders requiring a second signature line.

 
 

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SIGNATURE PAGE TO AMENDMENT AGREEMENT
AMENDING AND RESTATING
THE AMENDED AND RESTATED CREDIT AGREEMENT OF
PULSE ELECTRONICS CORPORATION
(FORMERLY KNOWN AS TECHNITROL, INC.)

LENDER:   Fifth Third Bank  

 
 
by:
/s/ Randolph J. Stierer       Name: Randolph J. Stierer       Title: Vice
President             by:   *     Name:       Title:  

 

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* For Lenders requiring a second signature line.

 
 

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SIGNATURE PAGE TO AMENDMENT AGREEMENT
AMENDING AND RESTATING
THE AMENDED AND RESTATED CREDIT AGREEMENT OF
PULSE ELECTRONICS CORPORATION
(FORMERLY KNOWN AS TECHNITROL, INC.)
 

LENDER:  
Landesbank Baden-Wurttemberg,
New York and / or Cayman
Islands Branch.
 

 
 
by:
/s/ Leonard Crann       Name: Leonard Crann       Title: General Manager        
   

 

  by: /s/ Francois Delangle *     Name: Francois Delangle       Title: Vice
President  

 

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* For Lenders requiring a second signature line.

 
 
 

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SIGNATURE PAGE TO AMENDMENT AGREEMENT
AMENDING AND RESTATING
THE AMENDED AND RESTATED CREDIT AGREEMENT OF
PULSE ELECTRONICS CORPORATION
(FORMERLY KNOWN AS TECHNITROL, INC.)
 

LENDER:   PNC Bank, National Association  

 
 
by:
/s/ Denise DiSimone Killen       Name: Denise DiSimone Killen       Title:
Senior Vice President             by:   *     Name:       Title:  

 

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* For Lenders requiring a second signature line.

 
 

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SIGNATURE PAGE TO AMENDMENT AGREEMENT
AMENDING AND RESTATING
THE AMENDED AND RESTATED CREDIT AGREEMENT OF
PULSE ELECTRONICS CORPORATION
(FORMERLY KNOWN AS TECHNITROL, INC.)

LENDER:   TD Bank, N.A.  

 
 
by:
/s/ Marla Willner       Name: Marla Willner       Title: SVP             by:   *
    Name:       Title:  

 

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* For Lenders requiring a second signature line.
 
 
 

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SIGNATURE PAGE TO AMENDMENT AGREEMENT
AMENDING AND RESTATING
THE AMENDED AND RESTATED CREDIT AGREEMENT OF
PULSE ELECTRONICS CORPORATION
(FORMERLY KNOWN AS TECHNITROL, INC.)

LENDER:   The Bank of Nova Scotia  

 
 
by:
/s/ Eugene Dempsey       Name: Eugene Dempsey       Title: Director            
by:   *     Name:       Title:  

 

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* For Lenders requiring a second signature line.
 
 
 

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SIGNATURE PAGE TO AMENDMENT AGREEMENT
AMENDING AND RESTATING
THE AMENDED AND RESTATED CREDIT AGREEMENT OF
PULSE ELECTRONICS CORPORATION
(FORMERLY KNOWN AS TECHNITROL, INC.)

LENDER:   Wells Fargo Principal Leading, LLC  

 
 
by:
/s/ Jeff Nikora       Name: Jeff Nikora       Title: Manager             by:   *
    Name:       Title:  

 

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* For Lenders requiring a second signature line.

 
 

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Schedule 2.01

Commitments

Lender
 
Commitment
 
JPMorgan Chase Bank, N.A.
  $ 5,866,666.67  
Bank of America, N.A
  $ 5,866,666.67  
Bank of China, New York Branch
  $ 3,055,555.55  
BNP Paribas
  $ 3,055,555.55  
Citizens Bank of Pennsylvania
  $ 4,888,888.89  
Comerica Bank
  $ 3,055,555.55  
Danske Bank A/S
  $ 6,722,222.23  
Fifth Third Bank
  $ 3,055,555.55  
Landesbank Baden Wuerttemberg, New York and/or Cayman Islands Branch
  $ 4,888,888.89  
PNC Bank, National Association
  $ 1,833,333.33  
TD Bank, N.A
  $ 3,055,555.55  
The Bank of Nova Scotia
  $ 4,888,888.89  
Wells Fargo Principal Lending, LLC
  $ 4,766,666.67  
Aggregate Commitments:
  $ 55,000,000.00  

 
 

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EXHIBIT C
 
[FORM OF] COMPLIANCE CERTIFICATE
 
Financial Statement Date: ______
 
To:
JPMorgan Chase Bank, N.A., as Administrative Agent

 
Lenders under the Credit Agreement referred to below

 
Ladies and Gentlemen:
 
Reference is made to the Credit Agreement dated as of February 28, 2008 (as
amended and restated as of February 19, 2009, as further amended and restated as
of August 5, 2011, as further amended and restated as of March 9, 2012 and as
further amended, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among Pulse Electronics Corporation (formerly Technitrol,
Inc.), a Pennsylvania corporation (the “Company”), its Subsidiaries identified
therein, the Lenders from time to time party thereto and JPMorgan Chase Bank,
N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.  Capitalized
terms used herein but not otherwise defined herein shall have the meanings
assigned to them in the Credit Agreement.
 
This Certificate has been prepared for convenience only, and is not to affect,
or to be taken into consideration in interpreting, the terms of the Credit
Agreement.  The obligations of the Borrowers under the Credit Agreement,
including Sections 7.11 and 7.12 thereof, are as set forth in the Credit
Agreement, and nothing in this Certificate shall modify such obligations or
constitute a waiver of compliance therewith in accordance with the terms of the
Credit Agreement.  In the event of any conflict between the terms of this
Certificate and the terms of the Credit Agreement, the terms of the Credit
Agreement shall govern and control, and the terms of this Certificate are to be
modified accordingly.
 
The undersigned Responsible Officer hereby certifies as of the date hereof that
he/she is the _____________________________________ of the Company, and that, as
such, he/she is authorized to execute and deliver this Certificate to the
Administrative Agent and the Lenders on behalf of the Company, and that:
 
[Use following paragraph 1 for fiscal year-end financial statements]
 
1.           Attached hereto as Schedule 1 are consolidated and consolidating
financial statements required by Section 6.01(a) of the Credit Agreement for the
fiscal year of the Company ended as of the above date, together with, in the
case of such consolidated financial statements, the reports and opinions of a
Registered Public Accounting Firm required under such Section.  Such
consolidating financial statements are fairly stated in all material respects
when considered in relation to the consolidated financial statements of the
Company and its Subsidiaries.1
 

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1 If any change in GAAP or in the application thereof has occurred since the
date of the most recent previously delivered consolidated balance sheet of the
Company, specify such change and the effect thereof on the accompanying
financial statements.
 
 
 

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[Use following paragraph 1 for fiscal quarter-end financial statements]
 
1.           Attached hereto as Schedule 1 are the consolidated and
consolidating financial statements required by Section 6.01(b) of the Credit
Agreement for the fiscal quarter of the Company ended as of the above
date.  Such consolidated financial statements fairly present in all material
respects the financial condition, results of operations, shareholders’ equity
and cash flows of the Company and its Subsidiaries in accordance with GAAP,
subject only to normal year-end audit adjustments and the absence of footnotes,
and such consolidating financial statements are fairly stated in all material
respects when considered in relation to the consolidated financial statements of
the Company and its Subsidiaries. 2
 
2.           The undersigned has reviewed and is familiar with the terms of the
Credit Agreement and has made, or has caused to be made under his/her
supervision, a detailed review of the transactions and condition (financial or
otherwise) of the Company and its Subsidiaries during the fiscal period covered
by the attached financial statements with a view to determining whether during
such fiscal period the Company and the other Loan Parties performed and observed
all of their obligations under the Loan Documents, and
 
[select one:]
 
[to the best knowledge of the undersigned, during such fiscal period, the
Company and the other Loan Parties performed and observed all of their
obligations under the Loan Documents and no Default has occurred and is
continuing.]
 
—or—
 
[the following covenants or conditions have not been performed or observed and
the following is a list of each resulting Default and its nature and status:]
 
3.           The covenant analyses and information set forth on Schedule 2
attached hereto are true and accurate on and as of the date of this Certificate.
 
4.           The Company has provided to the Administrative Agent all notices
required to be provided under Sections 6.01(d), 6.13 and 6.14 of the Credit
Agreement.
 
5.           The Company has provided, or has caused its Subsidiaries to
provide, to the Applicable Agent each periodic schedule required to be provided
under the Security Documents to create and maintain a valid and perfected
security interest in all after-acquired property constituting Collateral.
 

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2 If any change in GAAP or in the application thereof has occurred since the
date of the most recent previously delivered consolidated balance sheet of the
Company, specify such change and the effect thereof on the accompanying
financial statements.
 
 
 

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IN WITNESS WHEREOF, the undersigned has executed this Certificate as
of___________, __________.
 

 
PULSE ELECTRONICS CORPORATION
         
 
By:
        Name       Title   

 
 
 

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

 
 
For the Quarter/Year ended _________________________ (“Statement Date”)
 
SCHEDULE 2
to the Compliance Certificate
 

I. Section 6.02(a)(iv) — Deposit Accounts      
A.
Aggregate fair value of cash and other property on deposit in, or credited to,
each deposit account of each Domestic Loan Party.
 
$_______
  II.  Section 7.01(l) — Precious Metal Liens
Type
(e.g., Silver)
Amount
(e.g., $ or lbs.)
 
A.
Aggregate amount of precious, semi-precious and other metals held by the Company
and its Subsidiaries under leases, consignment agreements and similar
arrangements as of the Statement Date.
_________
_________
     
_________
_________
     
_________
_________
     
_________
_________
     
_________
_________
  B. 
Aggregate amount of Accounts Receivable of the Company and its Subsidiaries
subject to Liens of the typed described in Section 7.01(l) as of the Statement
Date.
$_______
N/A

 
 
 

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

 
 

     
Consolidated
Basis
Consolidated Basis (excluding Excluded Subsidiaries)
III. 
 
 
IV.
Section 7.11(d)  - Unrestricted Cash
Minimum required (beginning on any date after the Third Restatement Effective
Date): $1,000,000.
 
Section 7.12 - Capital Expenditures.
      A.
Expenditures in respect of the purchase or other acquisition of fixed or capital
assets (excluding normal replacements and maintenance expenditures which are
properly charged to current operations) (set forth for the applicable fiscal
quarter or quarters):
$_________
$_________
  B. 
Maximum permitted capital expenditures ($7,000,000 for the first two quarters of
fiscal year 2012 and $6,500,000 for the last two fiscal quarters of fiscal year
2012):
$_________
$_________
  C.
Excess (deficit) for covenant compliance (Line IV.B – IV.A):
$_________
$_________

 
 

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Exhibit G
 
Pulse Electronics Corporation
 
Credit Agreement dated as of February 28, 2008, as amended and restated as of
February 19, 2009, as further amended and restated as of August 5, 2011 and as
further amended and restated as of March 9, 2012
Borrowing Base Certificate
As of [           ]
[Note:  The line item captions set forth on this form of the Borrowing Base
Certificate have been abbreviated for convenience purposes, and the meaning of
the line items should be interpreted by reference to the terms of the "Eligible
Accounts" definition set forth in the Credit Agreement.]
 

 
CALCULATION OF ELIGIBLE ACCOUNTS OF THE COMPANY AND ITS SUBSIDIARIES:
 
Relevant clause of
"Eligible Accounts"
 
(U.S. Dollars in $000's)
 
                 
1.
GROSS ACCOUNTS
     
 $
                   
2.
Less: Accounts over 60 days past original due date or that have been written off
the books or otherwise designated as uncollectible
 
(a)
 $
   
3.
Less: Accounts owing by an Account Debtor for which more than 25% (by dollar
amount) of the Accounts of such Account Debtor and its Affiliates are ineligible
pursuant to clause (a) of the Eligible Accounts" definition set forth in the
Credit Agreement
 
(b)
 $
   
4.
Less: Accounts with respect to which any check or instrument of payment has been
returned uncollected for any reason
 
(c)
 $
   
5,
Less: Accounts owed by an Account Debtor that, to the knowledge of the Company
or any Subsidiary, is insolvent or has filed, or had filed against it, any
request or petition for liquidation, reorganization, arrangement, adjustment of
debts, adjudication as bankrupt, winding-up, or voluntary or involuntary case
under bankruptcy law.
 
(d)
 $
   
6.
Less: Accounts with respect to which the Company or any Subsidiary has agreed
with an Account Debtor to the reduction thereof (to the extent of such
reduction), other than discounts and adjustments given in the ordinary course of
business
 
(e)
 $
                   
7.
Add: Lines 2 through 6 - Total Ineligible Accounts
     
 $
                   
8.
TOTAL ELIGIBLE ACCOUNTS (line 1 minus line 7)
     
 $
                   
9.
TOTAL BORROWING BASE (line 8)
     
 $
                                   
Certification:
 
           
Pursuant to the Credit Agreement dated as of February 28, 2008, as amended and
restated as of February 19, 2009, as further amended and restated as of August
5, 2011 and as further amended and restated as of March 9, 2012, the undersigned
Responsible Officer of Pulse Electronics Corporation certifies that the
information provided in this Borrowing Base Certificate is true and correct as
of the date set forth below based on the books and records of Pulse Electronics
Corporation and its subsidiaries.
                               
Pulse Electronics Corporation
                           
 
           
Name:
 
Date
       
Title:
           

 
 
 

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EXHIBIT A
 

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

CREDIT AGREEMENT
 
dated as of February 28, 2008,
 
as amended and restated as of February 19, 2009,
as further amended and restated as of August 5, 2011
and as further amended and restated as of March 9, 2012,
 
among
 
PULSE ELECTRONICS CORPORATION (formerly known as TECHNITROL, INC.)
 
and
 
CERTAIN SUBSIDIARIES
 
as Borrowers,
 
JPMORGAN CHASE BANK, N.A.,
as the Administrative Agent, the Swing Line Lender and
an L/C Issuer,
 
and
 
The Lenders Party Hereto
 

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

 
J.P. MORGAN SECURITIES INC.,
Sole Lead Arranger and Sole Book Runner
 
BANK OF AMERICA, N.A.,
Syndication Agent
 
CITIBANK, N.A.,
 
and
 
DANSKE BANK A/S,
Co-Documentation Agents
 

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[CS&M Ref. No. 06701-763]
 
 
 

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TABLE OF CONTENTS
 
ARTICLE I.
 
DEFINITIONS AND ACCOUNTING TERMS
 
1.01
Defined Terms
2
1.02
Other Interpretive Provisions
46
1.03
Accounting Terms
47
1.04
Exchange Rates; Currency Equivalents
47
1.05
Letter of Credit Amounts
48
1.06
Effectuation of Transactions
48
1.07
Status of Loan Documents Obligations
48
1.08
Additional Alternative Currencies
49
1.09
Concerning Excluded Subsidiaries
49

 
ARTICLE II.
 
THE COMMITMENTS AND CREDIT EXTENSIONS
 
2.01
Committed Loans
49
2.02
Borrowings, Conversions and Continuations of Committed Loans
50
2.03
Letters of Credit
52
2.04
Swing Line Loans
62
2.05
Prepayments
65
2.06
Termination or Reduction of Commitments
68
2.07
Repayment of Loans
69
2.08
Interest
70
2.09
Fees
71
2.10
Computation of Interest and Fees
72
2.11
Evidence of Debt
72
2.12
Payments Generally; Administrative Agent’s Clawback
73
2.13
Sharing of Payments by Lenders
75
2.14
Reserved.
76
2.15
Appointment of the Company as Agent of the Borrowers
76
2.16
Concerning Subsidiary Borrowers
76

 
ARTICLE III.
 
TAXES, YIELD PROTECTION AND ILLEGALITY
 
3.01
Taxes
77
3.02
Illegality
79
3.03
Inability to Determine Rates
80
3.04
Increased Costs; Reserves on Eurocurrency Rate Loans.
80
3.05
Compensation for Losses
82
3.06
Mitigation Obligations; Replacement of Lenders
83
3.07
Survival
83

 
 
i

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TABLE OF CONTENTS (continued)
 
ARTICLE IV.
 
CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
 
4.01
Conditions of Initial Credit Extension
83
4.02
Conditions to all Credit Extensions
86
4.03
Representations
87

 
ARTICLE V.
 
REPRESENTATIONS AND WARRANTIES
 
5.01
Existence, Qualification and Power
87
5.02
Authorization; No Contravention
87
5.03
Governmental Authorization; Other Consents
88
5.04
Binding Effect
88
5.05
Financial Statements; No Material Adverse Effect; No Internal Control Event
88
5.06
Litigation
90
5.07
No Default
90
5.08
Ownership of Property
90
5.09
Environmental Compliance
90
5.10
Insurance
90
5.11
Taxes
90
5.12
ERISA Compliance
90
5.13
Subsidiaries; Equity Interests
91
5.14
Margin Regulations; Investment Company Act
91
5.15
Disclosure
92
5.16
Compliance with Laws
92
5.17
Intellectual Property; Licenses, Etc
92
5.18
Labor Matters
92
5.19
OFAC Compliance
92
5.20
Representations as to Foreign Loan Parties
93
5.21
Solvency
93
5.22
Collateral Matters
93

 
ARTICLE VI.
 
AFFIRMATIVE COVENANTS
 
6.01
Financial Statements, Etc
95
6.02
Certificates; Other Information
96
6.03
Notices
98
6.04
Payment of Obligations
99
6.05
Preservation of Existence, Etc
99
6.06
Maintenance of Properties
100
6.07
Maintenance of Insurance
100
6.08
Compliance with Laws
100
6.09
Books and Records
100
6.10
Inspection Rights
100
6.11
Use of Proceeds
100
6.12
Approvals and Authorizations
100
6.13
Additional Subsidiary Guarantors
101
6.14
Information Regarding Collateral
101
6.15
Further Assurances
101
6.16
Certain Post-First Restatement Effective Date Collateral Obligations
102

 
 
ii 

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TABLE OF CONTENTS (continued)
 
ARTICLE VII.
 
NEGATIVE COVENANTS
 
7.01
Liens
102
7.02
Investments
104
7.03
Indebtedness
106
7.04
Fundamental Changes
108
7.05
Dispositions
109
7.06
Restricted Payments; Certain Equity Issuances
110
7.07
Change in Nature of Business
111
7.08
Transactions with Affiliates
111
7.09
Burdensome Agreements
112
7.10
Use of Proceeds
112
7.11
Financial Covenants
112
7.12
Capital Expenditures
112
7.13
Leases
113
7.14
Hazardous Materials; Indemnification
113
7.15
Prepayment of Indebtedness, Etc
113
7.16
Fiscal Year
114
7.17
Sonion Intercompany Loan
114
7.18
Borrowing Base
114

ARTICLE VIII.
 
EVENTS OF DEFAULT AND REMEDIES
 
8.01
Events of Default
115
8.02
Remedies Upon Event of Default
117

 
ARTICLE IX.
 
THE AGENTS
 
9.01
Appointment and Authority
118
9.02
Rights as a Lender or L/C Issuer
119
9.03
Exculpatory Provisions
119
9.04
Reliance by Agents
120
9.05
Delegation of Duties
120
9.06
Resignation of Agents
120
9.07
Non-Reliance on Agents and Other Lenders
121
9.08
No Other Duties, Etc
121
9.09
Administrative Agent May File Proofs of Claim
121
9.10
Collateral and Guarantee Matters.
122

 
 
iii 

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TABLE OF CONTENTS (continued)
 
ARTICLE X.
 
MISCELLANEOUS

10.01
Amendments, Etc
123
10.02
Notices; Effectiveness; Electronic Communication
125
10.03
No Waiver; Cumulative Remedies
127
10.04
Expenses; Indemnity; Damage Waiver
127
10.05
Payments Set Aside
129
10.06
Successors and Assigns
129
10.07
Treatment of Certain Information; Confidentiality
133
10.08
Right of Setoff
134
10.09
Interest Rate Limitation
134
10.10
Counterparts; Integration; Effectiveness
134
10.11
Survival
135
10.12
Severability
135
10.13
Replacement of Lenders
135
10.14
Governing Law; Jurisdiction; Etc
136
10.15
Waiver of Jury Trial
137
10.16
USA PATRIOT Act Notice
137
10.17
Judgment Currency
138
10.18
No Fiduciary Duty
138
10.19
Concerning Sonion Loan Parties
138
10.20
Release of Liens and Guarantees
138
10.21
Defaulting Lenders
139
10.22
Amendment of Security Documents; Second Lien Intercreditor Agreement
140

 
ARTICLE XI.
 
COLLECTION ALLOCATION MECHANISM
 
 
iv 

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SCHEDULES
 
1.01(a)
Existing Letters of Credit
1.01(b)
Mandatory Cost Formulae
1.01(c)
Second Restatement Effective Date Subsidiary Guarantors
1.01(d)
Subsidiaries Not Required to be Subsidiary Guarantors
1.01(e)
Certain Collateral and Guarantee Matters
1.01(f)
Second Restatement Effective Date Mortgaged Properties
2.01
Commitments
5.05
Supplement to Financial Statements
5.06
Existing Litigation
5.09
Environmental Compliance
5.12
ERISA
5.13
Subsidiaries
7.01(b)
Existing Liens (other than precious metals)
7.01(l)
Existing Liens (precious metals)
7.02(c)
Existing Investments
7.03(b)
Existing Indebtedness
7.13
Existing Leases
10.02
Agents’ Offices; Certain Addresses for Notices

EXHIBITS
 
Form of
 
A
Assignment and Assumption
B
Committed Loan Notice
C
Compliance Certificate
D
Note
E
Swing Line Loan Notice
F
Borrower Joinder Agreement
G
Borrowing Base Certificate

 
 
i 

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CREDIT AGREEMENT dated as of February 28, 2008, as amended and restated as of
February 19, 2009, as further amended and restated as of August 5, 2011, and as
further amended and restated as of March 9, 2012, among PULSE ELECTRONICS
CORPORATION (formerly known as TECHNITROL, INC.), TECHNITROL DELAWARE, INC.,
PULSE ELECTRONICS, INC. (formerly known as PULSE ENGINEERING, INC.), AMI DODUCO,
INC., PULSE DENMARK APS, PULSE ELECTRONICS GMBH (formerly known as AMI DODUCO
HOLDING GMBH), PULSE NEDERLAND B.V., PULSE ELECTRONICS (SINGAPORE) PTE. LTD.,
TECHNITROL SINGAPORE HOLDINGS PTE. LTD., the LENDERS party hereto and JPMORGAN
CHASE BANK, N.A., as the Administrative Agent, the Swing Line Lender and an L/C
Issuer.
 
The Company (such term and each other capitalized term used but not otherwise
defined herein having the meaning specified in Article I) caused Pulse Denmark
to acquire (the “Sonion Acquisition”) all the outstanding share capital of
Sonion (now known as Pulse Components) pursuant to a Share Purchase Agreement
dated as of January 8, 2008, among the Company, Sonion and each shareholder
(other than certain management shareholders) of Sonion (the “Sonion Purchase
Agreement”), for cash in the amount of approximately DKK 1,225,000,000 (the
“Sonion Acquisition Consideration”) payable on the Closing Date.
 
In connection with the foregoing, the Company requested the Lenders to extend
credit in the form of:
 
(a) Primary Revolving Commitments under which (i) the Primary Revolving
Borrowers may obtain Committed Revolving Loans in Dollars or any Alternative
Currency, (ii) the Domestic Borrowers may obtain Swing Line Loans in Dollars and
(iii) the Primary Revolving Borrowers may obtain Letters of Credit in Dollars or
any Alternative Currency;
 
(b) Singapore Revolving Commitments under which the Singapore Revolving
Borrowers may obtain Committed Revolving Loans in Dollars or any Alternative
Currency; and
 
(c) Term Commitments under which the Term Borrower may obtain Term Loans in
Dollars.
 
The proceeds of the Committed Revolving Loans made on the Closing Date were used
on such date (a) to repay all loans and other amounts due and outstanding under
the Existing Company Credit Agreement, (b) to make the Sonion Intercompany Loan,
(c) to pay fees and expenses incurred in connection with this Agreement and (d)
in the case of the Specified Committed Primary Revolving Borrowing, to pay any
portion of the Sonion Acquisition Consideration not paid as set forth
below.  The proceeds of the Revolving Borrowings made after the Closing Date
were used, and may be used, solely for general corporate purposes of the Company
and its Subsidiaries.
 
 
 

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

 
 
The proceeds of the Term Loans made on the Closing Date were used, together with
cash on hand of the Company, (a) to pay the Sonion Acquisition Consideration and
(b) to pay fees and expenses relating to the Sonion Acquisition.
 
Subsequent to the Closing Date, (a) the Company, the Required Lenders and the
Administrative Agent have entered into an Amendment Agreement dated as of
February 19, 2009 (the “First Amendment Agreement”), pursuant to which the
Original Credit Agreement has been amended and restated (as subsequently amended
prior to the Second Restatement Effective Date, the “First Restated Credit
Agreement”), (b) the Company, the Required Lenders and the Administrative Agent
have entered into a Second Amendment Agreement dated as of August 5, 2011 (the
“Second Amendment Agreement”), pursuant to which the First Restated Credit
Agreement has been amended and restated (the “Second Restated Credit Agreement”)
and (c) the Company, the Required Lenders and the Administrative Agent have
entered into a Third Amendment Agreement dated as of March 9, 2012 (the “Third
Amendment Agreement”), pursuant to which the Second Restated Credit Agreement
has been amended and restated in the form hereof.
 
Prior to the Third Restatement Effective Date, (a) all the Term Loans have been
repaid in full, (b) all the Committed Singapore Revolving Loans have been repaid
in full, and all the Singapore Revolving Commitments have been permanently
reduced to zero and (c) the Primary Revolving Commitments were permanently
reduced to $70,000,000.
 
The parties hereto have agreed that the Second Restated Credit Agreement will be
further amended to reduce permanently the Primary Revolving Commitments to
$55,000,000 and to give effect to the other amendments reflected herein, in each
case as of the Third Restatement Effective Date.
 
In consideration of the mutual covenants and agreements herein contained, the
parties hereto covenant and agree as follows:
 
ARTICLE I.
 
DEFINITIONS AND ACCOUNTING TERMS
 
1.01  Defined Terms.  As used in this Agreement, the following terms shall have
the meanings set forth below:
 
“Account” has the meaning assigned to such term in Article 9 of the Uniform
Commercial Code as in effect in the State of New York.
 
“Account Debtor” means any Person obligated on an Account.
 
“Account Receivable” means an Account arising from the sale of goods or the
performance of services in the ordinary course of business.
 
“Acquisition” means the acquisition of (a) more than 50% of the equity and more
than 50% of the Voting Equity Interests in another Person (including through a
merger or the purchase of an option, warrant or convertible or similar type
security to acquire such an equity interest at the time it becomes exercisable
by the holder thereof), whether by purchase of such equity interest or upon
exercise of an option or warrant for, or conversion of securities into, such
equity interest, or (b) assets of another Person which constitute all or
substantially all of the assets of such Person or of a line or lines of business
conducted by such Person.
 
 
2

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

 
 
“Administrative Agent” means JPMCB in its capacity as administrative and
collateral agent under any of the Loan Documents, or any successor
administrative and collateral agent.  Unless the context requires otherwise, the
term “Administrative Agent” shall include any Affiliate of JPMCB that JPMCB
shall have designated for the purpose of performing any of its obligations
hereunder or under any other Loan Document in such capacity.
 
“Administrative Questionnaire” means an Administrative Questionnaire in a form
supplied by the Administrative Agent.
 
“Affiliate” means, with respect to a specified Person, another Person that (a)
directly, or indirectly through one or more intermediaries, Controls, or is
Controlled by, or is under common Control with, the Person specified, (b)
beneficially owns 10% or more of any class of the outstanding Voting Equity
Interests of the Person specified or (c) 10% or more of any class of the
outstanding Voting Equity Interests of which is beneficially owned by the Person
specified.
 
“Agent” means the Administrative Agent, the London Administrative Agent or the
Singapore Administrative Agent.
 
“Agent Parties” has the meaning specified in Section 10.02(c).
 
“Agent’s Office” means, with respect to any Agent, such Agent’s address and,
where applicable, account set forth on Schedule 10.02, or such other address or
account as such Agent may from time to time notify to the Company and the
Lenders.
 
“Aggregate Commitments” means the Commitments of all the Lenders.
 
“Aggregate Primary Revolving Commitments” means the Primary Revolving
Commitments of all the Primary Revolving Lenders.
 
“Aggregate Singapore Revolving Commitments” means the Singapore Revolving
Commitments of all the Singapore Revolving Lenders.
 
“Aggregate Term Commitments” means the Term Commitments of all the Term Lenders.
 
“Agreement” means this Credit Agreement.
 
“Alternative Currency” means (a) with respect to the Primary Revolving
Subfacility and Letters of Credit, Euro and each other currency approved in
accordance with Section 1.08, and (b) with respect to the Singapore Revolving
Subfacility, Euro, Yen and each other currency approved in accordance with
Section 1.08.
 
 
3

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

 
 
“Applicable Agent” means (a) with respect to any Term Loan, the London
Administrative Agent, (b) with respect to any Committed Primary Revolving Loan
made to a Domestic Borrower, (i) if such Loan is denominated in Dollars, the
Administrative Agent and (ii) if such Loan is denominated in an Alternative
Currency, the London Administrative Agent, (c) with respect to any Committed
Primary Revolving Loan made to a Foreign Borrower, the London Administrative
Agent, (d) with respect to any Committed Singapore Revolving Loan, the Singapore
Administrative Agent and (e) with respect to any Letter of Credit, and any
payment hereunder that does not relate to a particular Borrowing or Letter of
Credit, the Administrative Agent.
 
“Applicable Commitment Fee Rate” means (a) prior to the Third Restatement
Effective Date, the rate per annum set forth as the “Applicable Commitment Fee
Rate” in the Second Restated Credit Agreement and (b) on or after the Third
Restatement Effective Date, 0.50% per annum.
 
“Applicable Foreign Loan Party Documents” has the meaning specified in Section
5.20(a).
 
“Applicable Primary Revolving Percentage” means, with respect to any Primary
Revolving Lender at any time, the percentage of the Aggregate Primary Revolving
Commitments represented by such Primary Revolving Lender’s Primary Revolving
Commitment at such time.  If the Aggregate Primary Revolving Commitments have
terminated, then the Applicable Primary Revolving Percentage of each Primary
Revolving Lender shall be determined based on the Applicable Primary Revolving
Percentage of such Primary Revolving Lender most recently in effect, giving
effect to any subsequent assignments.
 
“Applicable Rate” means (a) prior to the Third Restatement Effective Date, the
rate per annum set forth as the “Applicable Rate” in the Second Restated Credit
Agreement and (b) on or after the Third Restatement Effective Date, (i) 9.00%
per annum with respect to Base Rate Loans and (ii) 10.00% per annum with respect
to Eurocurrency Rate Loans and Letters of Credit.
 
“Applicable Singapore Revolving Percentage” means, with respect to any Singapore
Revolving Lender at any time, the percentage of the Aggregate Singapore
Revolving Commitments represented by such Singapore Revolving Lender’s Singapore
Revolving Commitment at such time.  If the Aggregate Singapore Revolving
Commitments have terminated, then the Applicable Singapore Revolving Percentage
of each Singapore Revolving Lender shall be determined based on the Applicable
Singapore Revolving Percentage of such Singapore Revolving Lender most recently
in effect, giving effect to any subsequent assignments.
 
“Applicable Term Percentage” means, with respect to any Term Lender at any time,
the percentage of (a) on or prior to the Closing Date, the Aggregate Term
Commitments represented by such Term Lender’s Term Commitment at such time and
(b) thereafter, the aggregate principal amount of the Term Loans of all the Term
Lenders represented by the aggregate principal amount of such Term Lender’s Term
Loans at such time.
 
“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.
 
 
4

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

 
 
“Arranger” means J.P. Morgan Securities Inc., in its capacity as sole lead
arranger and sole book runner of the credit facilities provided for under this
Agreement.
 
“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 10.06(b)), and accepted by the Administrative Agent, in
substantially the form of Exhibit A or any other form approved by the
Administrative Agent.
 
“Audited Financial Statements” means the audited consolidated balance sheet of
the Company and its Subsidiaries as of December 29, 2006 and December 30, 2005,
and the related consolidated statements of operations, changes in shareholders’
equity and cash flows for each of the years in the three-year period ended
December 29, 2006, including the notes thereto.
 
“Auto-Extension Letter of Credit” has the meaning specified in Section
2.03(b)(iii).
 
“Bank of America” means Bank of America, N.A. and its successors.
 
“Bankruptcy Event” means, with respect to any Person, that such Person has
become the subject of a bankruptcy or insolvency proceeding, or has had a
receiver, conservator, trustee, administrator, custodian, assignee for the
benefit of creditors or similar Person charged with the reorganization or
liquidation of its business appointed for it, or, in the good faith
determination of the Administrative Agent, has taken any action in furtherance
of, or indicating its consent to, approval of or acquiescence in, any such
proceeding or appointment; provided that a Bankruptcy Event shall not result
solely by virtue of any ownership interest, or the acquisition of any ownership
interest, in such Person by a Governmental Authority; provided, however, that
such ownership interest does not result in or provide such Person with immunity
from the jurisdiction of courts within the United States of America or from the
enforcement of judgments or writs of attachment on its assets or permit such
Person (or such Governmental Authority) to reject, repudiate, disavow or
disaffirm any agreements made by such Person.
 
“Base Rate” means, for any day, a rate per annum equal to the greatest of (a)
the Prime Rate in effect on such day, (b) the Federal Funds Rate in effect on
such day plus 1/2 of 1% and (c) the Eurocurrency Rate for a one month Interest
Period on such day (or if such day is not a Business Day, the immediately
preceding Business Day) plus 1%; provided that, for the avoidance of doubt, for
purposes of this definition the Eurocurrency Rate on any day shall be the rate
per annum appearing on the Reuters “LIBOR01” screen displaying British Bankers’
Association Interest Settlement Rates (or on any successor or substitute screen
provided by Reuters, or any successor to or substitute for such service,
providing rate quotations comparable to those currently provided on such screen,
as determined by the Administrative Agent from time to time for purposes of
providing quotations of interest rates applicable to deposits in the relevant
currency in the London interbank market) at approximately 11:00 a.m., London
time, on such day for deposits in Dollars with a maturity of one month.  Any
change in the Base Rate due to a change in the Prime Rate, the Federal Funds
Rate or the Eurocurrency Rate shall be effective from and including the
effective date of such change in the Prime Rate, the Federal Funds Rate or the
Eurocurrency Rate, respectively.
 
 
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“Base Rate Loan” means a Loan that bears interest based on the Base Rate.  All
Base Rate Loans shall be Swing Line Loans or Dollar Domestic Loans.
 
“Borrower Joinder Agreement” means a Borrower Joinder Agreement in substantially
the form of Exhibit F.
 
“Borrower Materials” has the meaning specified in Section 6.02.
 
“Borrowers” means the Term Borrower, the Singapore Revolving Borrowers and each
other Primary Revolving Borrower.
 
“Borrowing” means a Committed Borrowing or a Swing Line Borrowing.
 
“Borrowing Base” means, at any time, subject to modification as provided below,
an amount equal to 100% of the aggregate Eligible Accounts of the Company and
the Subsidiaries (for purposes of this definition, such term to include FRE and
wholly owned Subsidiaries of FRE for so long as FRE is a Subsidiary of the
Company) at such time.  The Borrowing Base at any time shall be determined by
reference to the most recent Borrowing Base Certificate delivered to the
Administrative Agent pursuant to Section 6.02(i) (or, prior to the first such
delivery, the Borrowing Base Certificate delivered pursuant to the Third
Amendment Agreement).
 
“Borrowing Base Certificate” means a certificate in the form of Exhibit G,
together with all attachments contemplated thereby, signed and certified as
accurate and complete by a Responsible Officer of the Company.
 
“Business Day” means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the Laws of, or are in fact
closed in, the State of New York; provided that:
 
(a) if such day relates to any interest rate settings as to a Eurocurrency Rate
Loan denominated in any currency, any fundings, disbursements, settlements and
payments in respect of any such Eurocurrency Rate Loan, or any other dealings to
be carried out pursuant to this Agreement in respect of any such Eurocurrency
Rate Loan, the term “Business Day” shall also exclude any such day on which
banks are not open for dealings in deposits in such currency in the London
interbank market;
 
(b) if such day relates to any interest rate settings as to a Eurocurrency Rate
Loan denominated in Euro, any fundings, disbursements, settlements and payments
in Euro in respect of any such Eurocurrency Rate Loan, or any other dealings in
Euro to be carried out pursuant to this Agreement in respect of any such
Eurocurrency Rate Loan, the term “Business Day” shall also exclude any day that
is not a TARGET Day; and
 
(c) if such day relates to any fundings, disbursements, settlements and payments
in respect of any Committed Singapore Revolving Loan, or any other dealings to
be carried out pursuant to this Agreement in respect of any Committed Singapore
Revolving Loan, the term “Business Day” shall also exclude any such day on which
commercial banks are authorized to close under the Laws of, or are in fact
closed in, Singapore or Hong Kong.
 
 
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“Capital Leases” means all leases that are or should be capitalized in
accordance with GAAP.
 
“Cash Collateral” means, with respect to any L/C Obligation, any cash (and any
proceeds thereof) deposited pursuant to this Agreement to Cash Collateralize
such L/C Obligation.
 
“Cash Collateralize” means, with respect to any L/C Obligations denominated in
any currency, to deposit cash in such currency in an account with the
Administrative Agent, in the name of the Administrative Agent and for the
benefit of the Primary Revolving Lenders and the L/C Issuer that is the issuer
thereof, as collateral for such L/C Obligations, such deposit to be made in
accordance with Section 2.03(g).  The terms “Cash Collateral” and “Cash
Collateralization” shall have meanings correlative thereto.
 
“Change in Law” means the occurrence, after the Closing Date, of any of the
following: (a) the adoption or taking effect of any law, rule, regulation or
treaty, (b) any change in any law, rule, regulation or treaty or in the
administration, interpretation or application thereof by any Governmental
Authority or (c) the making or issuance of any request, guideline or directive
(whether or not having the force of law) by any Governmental Authority.  For the
avoidance of doubt, (i) the Dodd-Frank Wall Street Reform and Consumer
Protection Act and all requests, rules, guidelines or directives thereunder or
issued in connection therewith and (ii) all requests, rules, guidelines or
directives promulgated by the Bank for International Settlements, the Basel
Committee on Banking Supervision (or any successor or similar authority) or the
United States regulatory authorities, in each case pursuant to Basel III, shall
in each case shall be deemed to be a “Change in Law”.
 
“Change of Control” shall be deemed to have occurred at any time that any
“person” or “group” (each as defined in Sections 13(d)(3) and 14(d)(2) of the
Securities Exchange Act of 1934) (a) becomes the “beneficial owner” (as defined
in Rule 13d-3 of the Securities Exchange Act of 1934, but without giving effect
to clause (d)(1)(i) of such Rule), directly or indirectly, of Voting Equity
Interests of the Company (or securities convertible into or exchangeable for
such Voting Equity Interests) representing 30% or more of the combined voting
power of all Voting Equity Interests of the Company (on a fully diluted basis)
or (b) otherwise has the ability, directly or indirectly, to elect a majority of
the board of directors of the Company.
 
“Class” refers (a) when used in reference to any Committed Loan or Committed
Borrowing, to whether such Committed Loan, or the Committed Loans comprising
such Committed Borrowing, are Term Loans, Committed Primary Revolving Loans or
Committed Singapore Revolving Loans, (b) when used in reference to any
Commitment, to whether such Commitment is a Term Commitment, a Primary Revolving
Commitment or a Singapore Revolving Commitment and (c) when used in reference to
any Lender, to whether such Lender is a Term Lender, a Primary Revolving Lender
or a Singapore Revolving Lender.
 
 
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“Closing Date” means the first date on which all the conditions precedent in
Section 4.01 were satisfied or waived in accordance with Section 10.01.  The
parties hereto acknowledge that the Closing Date is February 28, 2008.
 
“Code” means the Internal Revenue Code of 1986, as amended, and any regulations
promulgated thereunder.
 
“Collateral” means any and all assets, whether real or personal, tangible or
intangible, on which Liens are purported to be granted pursuant to the Security
Documents as security for the Secured Obligations.
 
“Collateral and Guarantee Requirement” means, at any time, the requirement that:
 
(a)  the Administrative Agent shall have received from the Company and each
other Loan Party:
 
(i)  in the case of a Domestic Loan Party,
 
(A)  (I) a counterpart of each of the Guarantee Agreement and the Domestic
Collateral Agreement, in each case duly executed and delivered on behalf of such
Person, or (II) in the case of any Person that becomes a Domestic Loan Party
after the First Restatement Effective Date, a supplement to each of the
Guarantee Agreement and the Domestic Collateral Agreement, in each case in the
form specified therein, duly executed and delivered on behalf of such Person,
 
(B)  (I) counterparts of a Domestic Mortgage with respect to each Mortgaged
Property owned by a Domestic Loan Party, duly executed and delivered by the
record owner of such Mortgaged Property, (II) a policy or policies of title
insurance issued by a nationally recognized title insurance company insuring the
Lien of each such Domestic Mortgage as a valid and enforceable first Lien on the
Mortgaged Property described therein, free of any other Liens except as
permitted by Section 7.01, together with such endorsements, coinsurance and
reinsurance as the Administrative Agent may reasonably request, (III) if any
Mortgaged Property is located in an area determined by the Federal Emergency
Management Agency to have special flood hazards, evidence of such flood
insurance as may be required under applicable law, including Regulation H of the
FRB, and (IV) such surveys, abstracts, appraisals, legal opinions and other
documents as the Administrative Agent may reasonably request with respect to any
such Domestic Mortgage or Mortgaged Property, and
 
(C)  with respect to (I) each deposit account maintained by any Domestic Loan
Party (limited, until the Administrative Agent shall determine otherwise in the
exercise of its discretion under this definition, to deposit accounts with
depositary banks that are Lenders or Affiliates of Lenders), other than (x) any
deposit account the funds in which are used, in the ordinary course of business,
solely for the payment of salaries and wages, workers’ compensation and similar
expenses and (y) deposit accounts the daily balance in which does not at any
time exceed $100,000 for any such account and $500,000 for all such accounts,
and
 
 
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(II) each securities account maintained by any Domestic Loan Party with any
securities intermediary (other than (x) any securities account the aggregate
daily asset value of which does not at any time exceed $100,000 for any such
account and $500,000 for all such accounts or (y) any “Rabbi Trust” or similar
irrevocable account or trust established solely for the purpose of providing
deferred compensation benefits for the directors, officers and other employees
of the Company and its Subsidiaries), a counterpart, duly executed and delivered
by the applicable Domestic Loan Party and such depositary bank or securities
intermediary, as the case may be, of a control agreement reasonably acceptable
to the Administrative Agent;
 
(ii)  in the case of a Foreign Loan Party, a counterpart of (A) the Guarantee
Agreement or, in the case of any Person that becomes a Foreign Loan Party after
the First Restatement Effective Date, a supplement to the Guarantee Agreement in
the form specified therein, in each case duly executed and delivered on behalf
of such Person, and (B) one or more Security Documents reasonably acceptable to
the Administrative Agent required in order for the Secured Obligations of such
Foreign Loan Party to be secured, subject to the last paragraph of this
definition, by a security interest in all Equity Interests owned by such Foreign
Loan Party (other than Equity Interests in Dormant Subsidiaries) and all or
substantially all tangible and intangible assets of such Foreign Loan Party
(including Mortgaged Properties, accounts receivable, moveable assets (including
inventory and equipment), contract rights, intellectual property and other
general intangibles, intercompany indebtedness, bank accounts, cash and proceeds
of the foregoing) in which a security interest may be obtained under the laws of
the jurisdiction of incorporation, organization or establishment of such Foreign
Loan Party; and
 
(iii)  documents and opinions of the type referred to in Sections 4.01(a) and
4.01(d) with respect to each such Domestic Loan Party and Foreign Loan Party,
all in form and substance reasonably satisfactory to the Administrative Agent;
 
(b)  the Administrative Agent shall have received, to the extent required by the
Domestic Collateral Agreement or any other Security Document, certificates or
other instruments representing all Equity Interests in any Subsidiary owned by
or on behalf of any Loan Party, together with undated stock powers or other
instruments of transfer with respect thereto endorsed in blank;
 
(c)  (i) all Indebtedness of the Company and each other Subsidiary and (ii) all
Indebtedness of any other Person in a principal amount of $500,000 or more that,
in each case, is owing to any Loan Party shall be evidenced by a promissory note
(which may be a global intercompany note) and shall have been pledged pursuant
to the Security Documents to the Administrative Agent, and the Administrative
Agent shall have received all such promissory notes, together with undated
instruments of transfer with respect thereto endorsed in blank;
 
 
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(d)  all documents and instruments, including Uniform Commercial Code financing
statements, required by applicable law or reasonably requested by the
Administrative Agent to be filed, registered or recorded to create the Liens
intended to be created by the Security Documents and to perfect such Liens to
the extent required by, and with the priority required by, the Security
Documents, shall have been filed, registered or recorded or delivered to the
Administrative Agent for filing, registration or recording; and
 
(e)  the Company and each other Loan Party shall have obtained all consents and
approvals required to be obtained by it in connection with the execution and
delivery of the Guarantee Agreement and all Security Documents to which it is a
party, the performance of its obligations under the Guarantee Agreement and such
Security Documents and the granting by it of the Liens under such Security
Documents.
 
The foregoing definition shall not require the creation or perfection of pledges
of or security interests in, or the obtaining of title insurance, legal opinions
or other deliverables with respect to, particular assets of the Loan Parties, or
the provision of Guarantees by any Subsidiary, if, and for so long as the
Administrative Agent, in good faith consultation with the Company, reasonably
determines that the cost of creating or perfecting such pledges or security
interests in such assets, or obtaining such title insurance, legal opinions or
other deliverables in respect of such assets, or providing such Guarantees
(taking into account any adverse tax consequences to the Company and its
Subsidiaries (including the application of Section 956 of the Code and the
imposition of withholding or other material taxes) and any security interest
filing or registration fees or duties), shall be excessive in view of the
benefits to be obtained by the Lenders therefrom.  Without limiting the
foregoing, the Administrative Agent is hereby authorized to grant such
exceptions to the requirements set forth in this definition as are set forth on
Schedule 1.01(e). The Administrative Agent shall, and hereby is authorized to,
grant extensions of time for the creation and perfection of security interests
in or the obtaining of title insurance, legal opinions or other deliverables
with respect to particular assets or the provision of any Guarantee by any
Subsidiary (including extensions in connection with assets acquired, or
Subsidiaries formed or acquired, after the First Restatement Effective Date)
where it reasonably determines that such action cannot be accomplished without
undue effort or expense by the time or times at which it would otherwise be
required to be accomplished by this Agreement or the Security Documents (and
without limiting the foregoing, (i) it is agreed that the Company shall have a
period of 60 days, or such longer period as the Administrative Agent may agree,
after the Second Restatement Effective Date to deliver the control agreements
required to be delivered with respect to deposit accounts under clause (a)(i)(C)
of this definition and (ii) the Company  shall not be in default of its
obligation to deliver any such control agreement if the applicable depositary
bank is unwilling to enter into an agreement satisfactory to the Administrative
Agent).
 
“Commitment” means a Term Commitment, a Primary Revolving Commitment or a
Singapore Revolving Commitment.
 
“Committed Borrowing” means a borrowing consisting of simultaneous Committed
Loans of the same Class and Type, in the same currency and, in the case of
Eurocurrency Rate Loans, having the same Interest Period made by Lenders
pursuant to Section 2.01.
 
“Committed Loan” means a Term Loan or a Committed Revolving Loan.
 
 
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“Committed Loan Notice” means a notice given pursuant to Section 2.02(a) of (a)
a Committed Borrowing, (b) a conversion of Committed Loans that are Dollar
Domestic Loans from one Type to the other or (c) a continuation of Eurocurrency
Rate Loans, which notice shall be substantially in the form of Exhibit B or any
other form approved by the Administrative Agent.
 
“Committed Primary Revolving Loan” has the meaning specified in Section 2.01(b).
 
“Committed Revolving Loan” means a Committed Primary Revolving Loan or a
Committed Singapore Revolving Loan.
 
“Committed Singapore Revolving Loan” has the meaning specified in Section
2.01(c).
 
“Company” means Pulse Electronics Corporation (formerly known as Technitrol,
Inc.), a Pennsylvania corporation.
 
“Compliance Certificate” means a certificate substantially in the form of
Exhibit C or any other form approved by the Administrative Agent.
 
“Consolidated Cash Interest Expense” means, for any period, for the Company and
its Subsidiaries on a consolidated basis, (a) the interest expense accrued for
such period with respect to Consolidated Total Funded Debt, determined in
accordance with GAAP, minus (b) to the extent included in such interest expense,
the sum of (i) non-cash amounts attributable to amortization of debt discounts,
(ii) non-cash amounts attributable to the amortization of financing costs
payable in connection with the incurrence of Consolidated Total Funded Debt and
(iii) non-cash amounts attributable to accrued interest payable in kind in such
period, plus (c) any cash payments made during such period in respect of items
referred to in the preceding clause (b) that have been, or are to be, amortized
or paid in kind in other periods.
 
“Consolidated EBITDA” means, for any period, for the Company and its
Subsidiaries, an amount, determined on a consolidated basis in accordance with
GAAP, equal to the sum of (a) the consolidated net income of the Company and its
Subsidiaries (excluding, to the extent included therein, the income of any
Subsidiary of the Company that is not a wholly-owned Subsidiary of the Company
to the extent such income is attributable to the noncontrolling interests in
such Subsidiary), plus (b) without duplication and to the extent deducted in
determining such consolidated net income, the sum of (i) consolidated interest
expense for such period, (ii) the provision for domestic and foreign taxes for
such period based on income or profits, (iii) depreciation for such period, (iv)
amortization of intangible assets for such period and (v) in the event the
Company shall enter into the Specified Sale-Leaseback Transaction, rental
payments made as part of such transaction for such period; provided, however,
that there shall be excluded from the foregoing computation, without duplication
and to the extent included in determining such consolidated net income, (A) all
non-cash income and gains for such period (including non-operating foreign
currency income, but excluding (1) any items of income in respect of which cash
was received in a prior period or will be received in a future period and (2)
any items of income that represent a reversal of any accrual or reserve made in
a prior period, but only to the extent such accrual or reversal had reduced
Consolidated EBITDA in such prior period),
 
 
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(B) all non-cash expenses and losses for such period (including any write-down
or write-off of in-process research and development, non-operating foreign
currency expense and non-cash restructuring and impairment charges, but
excluding any additions to bad debt reserves or bad debt expense and any noncash
charge that results from the write-down or write-off of accounts receivable),
provided that any cash payment made with respect to any noncash items added back
in computing Consolidated EBITDA for any period pursuant to this clause (B)
(other than any reserves or charges in anticipation of the cash severance
expenses referred to in clause (E) below) shall be subtracted in computing
Consolidated EBITDA for the period in which such cash payment is made, (C) all
gains or losses from the sales of assets not sold in the ordinary course of
business for such period, (D) all non-cash charges incurred in connection with
changes to GAAP for such period and (E) in the case of the fiscal quarters
specified below, cash severance and other expenses relating to (1) the
relocation of the Company’s headquarters from Trevose, Pennsylvania to San
Diego, California, (2) the closure of manufacturing facilities in China and
certain other countries pursuant to a restructuring program initiated in the
fiscal quarter ended December 31, 2010 and revised thereafter, and (3) fees and
expenses relating to a takeover attempt, in an amount not to exceed $5,400,000
for the fiscal quarter ended July 1, 2011, $3,000,000 for the fiscal quarter
ended September 30, 2011, $200,000 for the fiscal quarter ended December 30,
2011, $1,000,000 for the fiscal quarter ended March 30, 2012, $1,000,000 for the
fiscal quarter ended June 29, 2012, $0 for the fiscal quarter ended September
28, 2012, and $1,500,000 for the fiscal quarter ended December 28, 2012.

Notwithstanding the foregoing, in determining Consolidated EBITDA for any
period, there shall be excluded from the computation thereof, without
duplication and to the extent included in determining consolidated net income of
the Company and its Subsidiaries for such period, expenses attributable to the
funding of the obligations arising from the termination of retirement plans
and/or acceleration of benefits under employee benefit plans in an aggregate
amount for all periods commencing with the first fiscal quarter ending after the
Second Restatement Effective Date not exceeding $5,000,000.
 
Notwithstanding anything to the contrary contained herein, but subject to the
next sentence, Consolidated EBITDA shall be deemed to be $12,387,000, $8,934,000
and $(800,000) for the fiscal quarters ended on October 1, 2010, December 31,
2010, and April 1, 2011, respectively.  For purposes of the foregoing,
Consolidated EBITDA for any period shall, if during such period the Company or
any Subsidiary shall have consummated a Material Acquisition or a Material
Disposition, be calculated after giving effect to such Material Acquisition or
Material Disposition on a Pro Forma Basis.
 
“Consolidated Fixed Charges” means, for any period, for the Company and its
Subsidiaries on a consolidated basis, the sum, without duplication, of (a)
Consolidated Cash Interest Expense for such period, (b) the aggregate amount of
scheduled principal payments required, as of the end of such period and, for the
avoidance of doubt, after giving effect to any prepayments of such Indebtedness
theretofore made, to be made by the Company and its Subsidiaries during the four
consecutive fiscal quarters of the Company immediately following the end of such
period in respect of Long-Term Indebtedness of the Company and its Subsidiaries
(other than payments made by the Company or any Subsidiary to the Company or a
Subsidiary), (c) the aggregate amount of (i) principal payments on Capital
Leases, determined in accordance with GAAP, (ii) payments on Synthetic Leases
that would be accounted for as principal payments if such Synthetic Leases were
accounted for as Capital Leases in accordance with GAAP, (iii) in the event the
Company shall enter into the Specified Sale-Leaseback Transaction, rental
payments as part of such transaction and (iv) principal payments on other
Indebtedness of the type described in Section 7.03(e), in each case, required,
as of the end of such period, to be made by the Company and its Subsidiaries
during the four consecutive fiscal quarters of the Company immediately following
the end of such period and (d) the aggregate amount of Taxes paid in cash by the
Company and its Subsidiaries during such period.
 
 
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Notwithstanding the foregoing, in determining Consolidated Fixed Charges for any
period, (a) in the event that during such period the Company shall have
consummated a Scheduled Disposition or a Specified Disposition and, in each
case, made a prepayment of Loans in connection therewith as required pursuant to
Section 2.05(d), the Consolidated Cash Interest Expense referred to in clause
(a) above shall be determined on a pro forma basis as if such prepayment shall
have occurred at the beginning of such period and (b) the amount of Taxes
referred to in clause (d) above shall be determined on a pro forma basis to
exclude Taxes paid in cash that are solely attributable to the assets and
operations disposed of in such Scheduled Disposition or such Specified
Disposition.
 
“Consolidated Total Funded Debt” means, on any date, the sum for the Company and
its Subsidiaries of all (a) Indebtedness that would appear on a consolidated
balance sheet of the Company prepared as of such date in accordance with GAAP
(but without giving effect to any election to value any Indebtedness at “fair
value” or any other accounting principle that results in the amount of any such
Indebtedness (other than zero coupon Indebtedness) as reflected on such balance
sheet being below or above, as the case may be, the stated principal amount of
such Indebtedness), (b) obligations under Capital Leases, (c) obligations under
Synthetic Leases that would be capitalized under GAAP if they were accounted for
as Capital Leases and (d) obligations of the Company and its Subsidiaries as an
account party in respect of letters of credit or letters of guaranty, other than
contingent obligations in respect of any letter of credit or letter of guaranty
that does not support Indebtedness; provided that, notwithstanding anything to
the contrary in Section 1.03(b), liabilities arising out of leases, consignment
agreements or similar arrangements for precious, semi-precious or other metals
that are entered into by the Company or any Subsidiary in the ordinary course of
business shall be excluded from the definition of the term “Consolidated Total
Funded Debt” to the extent such liabilities would not be required to be set
forth on a consolidated balance sheet of the Company prepared in accordance with
GAAP as in effect on the Closing Date.
 
“Consolidated Total Assets” means, as of any date of determination, the value of
all assets of the Company and its Subsidiaries, determined on a consolidated
basis in accordance with GAAP (but, for the avoidance of doubt, excluding any
amounts attributable to the Excluded Subsidiaries).
 
“Contractual Obligation” means, as to any Person, any provision of any security
issued by such Person or of any agreement, instrument or other undertaking to
which such Person is a party or by which it or any of its property is bound,
other than the Loan Documents, the Warrants and the Warrant Agreement.
 
“Control” means the possession, directly or indirectly, of the power to direct
or cause the direction of the management or policies of a Person, whether
through the ability to exercise voting power, by contract or otherwise. The
terms “Controlling” and “Controlled” shall have meanings correlative thereto.
 
 
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“Conversion Adjustment Amount” means, for any fiscal year, the product of (a)
$0.12 and (b) a number that equals (i) the number of shares of common stock of
the Company issued during such fiscal year upon conversion of the Permitted
Convertible Notes plus (ii) the number of shares of common stock of the Company
delivered during such fiscal year pursuant to the Permitted Call Spread Hedge
Swap Contract to the counterparty thereto minus (iii) the number of shares of
common stock of the Company purchased during such fiscal year by the Company
pursuant to the Permitted Call Spread Hedge Swap Contract from the counterparty
thereto.
 
“Credit Extension” means (a) the making of a Borrowing or (b) an L/C Credit
Extension.
 
“Credit Party” means each Agent, each L/C Issuer, the Swing Line Lender and each
other Lender.
 
“Danish Loan Party” means any Sonion Loan Party and any other Loan Party
incorporated, organized or established under the laws of Denmark.
 
“Debt Rating” means the rating by either S&P or Moody’s of the Company’s
non-credit-enhanced, senior unsecured long-term debt.
 
“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all
other liquidation, conservatorship, bankruptcy, assignment for the benefit of
creditors, moratorium, rearrangement, receivership, insolvency, reorganization,
or similar debtor relief Laws of the United States or other applicable
jurisdictions from time to time in effect and affecting the rights of creditors
generally.
 
“Default” means any event or condition that constitutes an Event of Default or
that, with the giving of any notice, the passage of time, or both, would be an
Event of Default.
 
“Default Rate” means (a) when used with respect to Loan Documents Obligations
other than Letter of Credit Fees, but including reimbursement obligations in
respect of Letters of Credit, an interest rate per annum equal to (i) the Base
Rate plus (ii) the Applicable Rate applicable to Base Rate Loans that are
Committed Primary Revolving Loans plus (iii) 2% per annum; provided, however,
that (A) with respect to a Eurocurrency Rate Loan, the Default Rate shall be an
interest rate per annum equal to the interest rate (including the Applicable
Rate and Mandatory Cost) otherwise applicable to such Loan plus 2% per annum and
(B) with respect to L/C Disbursements made in an Alternative Currency, the
Default Rate shall be an interest rate per annum equal to (i) the interest rate
that would be applicable to such L/C Disbursement had such L/C Disbursement been
a Eurocurrency Rate Loan of the applicable Class with an Interest Period of one
month plus (ii) 2% per annum; and (b) when used in Section 2.05(i) with respect
to Letter of Credit Fees, a rate per annum equal to the Applicable Rate
applicable to Letters of Credit plus 2% per annum.
 
 
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“Defaulting Lender” means any Lender that (a) has failed, within two Business
Days of the date required to be funded or paid, (i) to fund any portion of its
Loans, (ii) to fund any portion of its participations in Letters of Credit or
Swing Line Loans or (iii) to pay to any Credit Party any other amount required
to be paid by it hereunder, unless, in the case of clause (i) above, such Lender
notifies the Administrative Agent in writing that such failure is the result of
such Lender’s good faith determination that a condition precedent to funding
(specifically identified in such writing, including, if applicable, by reference
to a specific Default) has not been satisfied, (b) has notified the Company or
any Credit Party in writing, or has made a public statement, to the effect that
it does not intend or expect to comply with any of its funding obligations under
this Agreement (unless such writing or public statement indicates that such
position is based on such Lender’s good-faith determination that a condition
precedent (specifically identified in such writing, including, if applicable, by
reference to a specific Default) to funding a Loan cannot be satisfied) or
generally under other agreements in which it commits to extend credit, (c) has
failed, within three Business Days after request by a Credit Party made in good
faith to provide a certification in writing from an authorized officer of such
Lender that it will comply with its obligations (and is financially able to meet
such obligations) to fund prospective Loans and participations in then
outstanding Letters of Credit and Swing Line Loans, provided that such Lender
shall cease to be a Defaulting Lender pursuant to this clause (c) upon such
Credit Party’s receipt of such certification in form and substance satisfactory
to it and the Administrative Agent, or (d) has become the subject of a
Bankruptcy Event.
 
“Designated Cash Collateral” has the meaning specified in Section 2.03(g).
 
“Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any sale and leaseback transaction) of any property by
any Person, including any sale, assignment, transfer or other disposal, with or
without recourse, of any Equity Interests in any other Person, any notes or
accounts receivable or any rights and claims associated therewith.  For purposes
of Sections 7.02 and 7.05, an issuance by any Subsidiary of any Equity Interests
in such Subsidiary to any Person that has the effect of transferring an interest
in such Subsidiary from any holder of capital stock, partnership or membership
interests or other similar Equity Interests in such Subsidiary (a “parent
entity”) to any other Person (other than the issuance of director’s qualifying
shares and other nominal amounts of Equity Interests that are required to be
held by such Person under applicable Laws) shall be treated as an issuance by
such Subsidiary of such Equity Interests to such parent entity (and, in the case
of any such deemed issuances to more than one parent entity, such issuances
shall be deemed to have been made ratably in accordance with such parent
entities’ Equity Interests in such Subsidiary) and a subsequent Disposition by
such parent entity or parent entities of such Equity Interests to such Person.
 
“Disqualified Capital Stock” means any Equity Interest which, by its terms (or
by the terms of any security into which it is convertible or for which it is
exchangeable), or upon the happening of any event, (a) matures (excluding any
maturity as the result of an optional redemption by the issuer thereof) or is
mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or
is redeemable at the option of the holder thereof, in whole or in part, on or
prior to the date that is 180 days following the Maturity Date, (b) is
convertible into or exchangeable (unless at the sole option of the issuer
thereof) for (i) Indebtedness or (ii) any Equity Interests referred to in clause
(a) above, in each case at any time on or prior to the date that is 180 days
following the Maturity Date, or (c) contains any mandatory repurchase obligation
which may come into effect prior to payment in full of all the Loan Documents
Obligations; provided that any Equity Interests that would not constitute
Disqualified Capital Stock but for provisions thereof giving holders thereof (or
the holders of any security into or for which such Equity Interests is
convertible, exchangeable or exercisable) the right to require the issuer
thereof to redeem such Equity Interests upon the occurrence of a change in
control or an asset sale occurring prior to the date that is 180 days following
the Maturity Date shall not constitute Disqualified Capital Stock if such Equity
Interests provide that the issuer thereof will not redeem any such Equity
Interests pursuant to such provisions prior to the repayment in full of all the
Loan Documents Obligations.
 
 
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“DKK” means the lawful money of Denmark.
 
“Dollar” and “$” mean lawful money of the United States.
 
“Dollar Domestic Loan” means any Committed Primary Revolving Loan denominated in
Dollars and made to a Domestic Borrower.
 
“Dollar Equivalent” means, at any time, (a) with respect to any amount
denominated in Dollars, such amount and (b) with respect to any amount
denominated in any Alternative Currency, the equivalent amount thereof in
Dollars as determined by the Applicable Agent pursuant to Section 1.04.
 
“Domestic Borrower” means the Company or any other Borrower that is a Domestic
Subsidiary.
 
“Domestic Borrowing Sublimit” means $15,000,000.  The Domestic Borrowing
Sublimit is part of, and not in addition to, the Aggregate Primary Revolving
Commitments.
 
“Domestic Collateral Agreement” means the Domestic Collateral Agreement dated as
of February 19, 2009, among the Company, the other Domestic Loan Parties and the
Administrative Agent, together with all supplements thereto.
 
“Domestic Holding Company” means any Domestic Subsidiary that (a) conducts no
business or operations, (b) owns no assets other than Equity Interests in
Foreign Subsidiaries and nominal assets related to maintenance of its existence
and (c) has no Indebtedness or other liabilities, other than obligations
relating to maintenance of its existence.
 
“Domestic Loan Party” means the Company or any other Loan Party that is a
Domestic Subsidiary.
 
“Domestic Mortgage” means a mortgage, deed of trust, assignment of leases and
rents, leasehold mortgage or other security document granting a Lien on any
Mortgaged Property of any Domestic Loan Party to secure the Secured
Obligations.  Each Domestic Mortgage shall be in form and substance reasonably
satisfactory to the Administrative Agent.
 
“Domestic Subsidiary” means any Subsidiary that is organized and existing under
the laws of the United States, any state or territory thereof or the District of
Columbia, other than any such Subsidiary (including Pulse Philippines, Inc.)
that (a) is also organized and existing under the laws of any jurisdiction other
than the United States, any state or territory thereof or the District of
Columbia, (b) has no business operations or assets in the United States or any
state, territory or district thereof and (c) has been organized under the laws
of the United States or any state, territory or district thereof solely for tax
purposes.
 
 
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“Dormant Subsidiary” means any Subsidiary that (a) conducts no business or
operations, (b) owns no assets other than (i) nominal assets related to
maintenance of its existence, (ii) Equity Interests in its direct Subsidiaries,
(iii) any Specified Intercompany Indebtedness and (iv) intercompany Indebtedness
or receivables (other than Specified Intercompany Indebtedness) in an amount not
to exceed at any time $1,000,000 for any Dormant Subsidiary and $10,000,000 for
all such Dormant Subsidiaries and (c) has no Indebtedness or other liabilities,
other than (i) obligations relating to maintenance of its existence or (ii)
Indebtedness owed to the Company or any of its Subsidiaries.
 
“Dutch Borrower” means any Subsidiary that is a Borrower hereunder and that is
incorporated or established in The Netherlands.
 
“Eligible Accounts” means, with respect to the Company and the Subsidiaries (for
purposes of this definition, such term to include FRE and wholly owned
Subsidiaries of FRE for so long as FRE is a Subsidiary of the Company) at any
time, each Account Receivable of the Company and the Subsidiaries that, at such
time, is not ineligible for inclusion in the calculation of the Borrowing Base
pursuant to this definition.  Eligible Accounts shall not include any Account:
 
(a)  that is unpaid more than 60 days after the original due date or that has
been written off the books of the Company or the applicable Subsidiary or
otherwise designated as uncollectible;
 
(b)  that is owing by an Account Debtor for which more than 25% (by dollar
amount) of the Accounts owing by such Account Debtor and its Affiliates are
ineligible pursuant to clause (a) above;
 
(c)  with respect to which any check or other instrument of payment has been
returned uncollected for any reason;
 
(d)  that is owed by an Account Debtor that, to the knowledge of the Company or
any Subsidiary, has (i) applied for, suffered, or consented to the appointment
of any receiver, interim receiver, receiver-manager, custodian, trustee or
liquidator of its assets, (ii) had possession of all or a material part of its
property taken by any receiver, interim receiver, receiver-manager, custodian,
trustee or liquidator or (iii) filed, or had filed against it, any request or
petition for liquidation, reorganization, arrangement, adjustment of debts,
adjudication as bankrupt, winding-up, or voluntary or involuntary case under any
state, federal or foreign bankruptcy or similar law; or
 
(e)  with respect to which the Company or any Subsidiary has made any agreement
with an Account Debtor for any reduction thereof (to the extent of such
reduction), other than discounts and adjustments given in the ordinary course of
business.
 
 
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“Eligible Assignee” means (a) a Lender, (b) an Affiliate of a Lender, (c) an
Approved Fund and (d) any other Person (other than a natural person); provided
that neither the Company nor any of its Affiliates shall be an Eligible
Assignee; and provided further, however, that, (i) so long as no Event of
Default under Section 8.01(a) or 8.01(f), or Section 8.01(b) with respect to any
failure to comply with Section 7.11, shall have occurred and be continuing and
(ii) other than in connection with any assignment requested by the Company under
Section 10.13, an Eligible Assignee shall include a Lender, an Affiliate of a
Lender or another Person only if it has advised the Administrative Agent that,
through its Lending Offices, it is capable of lending the applicable Alternative
Currencies to the relevant Borrowers (other than any extensions of credit to the
Singapore Revolving Borrowers under the Primary Revolving Subfacility) without
the imposition of any additional Indemnified Taxes.
 
“EMU Legislation” means the legislative measures of the European Council for the
introduction of, changeover to or operation of a single or unified European
currency.
 
“Environmental Laws” means, collectively, the Comprehensive Environmental
Response, Compensation and Liability Act of 1980, as amended, the Superfund
Amendments and Reauthorization Act of 1986, the Resource Conservation and
Recovery Act, the Toxic Substances Control Act, as amended, the Clean Air Act,
as amended, the Clean Water Act, as amended, any other “Superfund” or
“Superlien” law or any other Federal or applicable state, local or foreign
statute, law, ordinance, code, rule, regulation, order or decree relating in any
way to the environment or natural resources or regulating, relating to, or
imposing liability or standards of conduct concerning, any hazardous, toxic or
dangerous waste, substance or material, as now or at any time hereafter in
effect.
 
“Environmental Liability” means all liabilities, obligations, damages, losses,
claims, actions, suits, judgments, orders, fines, penalties, fees, expenses and
costs (including administrative oversight costs, natural resource damages and
remediation costs), whether contingent or otherwise, directly or indirectly
resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any
Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release of
any Hazardous Materials into the environment or (e) any contract, agreement or
other consensual arrangement pursuant to which liability is assumed or imposed
with respect to any of the foregoing.
 
“Equity Interests” means, with respect to any Person, shares of capital stock of
(or other ownership or profit interests in) such Person, warrants, options or
other rights for the purchase or acquisition from such Person of shares of
capital stock of (or other ownership or profit interests in) such Person,
securities convertible into or exchangeable for shares of capital stock of (or
other ownership or profit interests in) such Person or warrants, rights or
options for the purchase or acquisition from such Person of such shares (or such
other interests), and other ownership or profit interests in such Person
(including partnership, member or trust interests therein), whether voting or
nonvoting, and whether or not such shares, warrants, options, rights or other
interests are outstanding on any date of determination; provided, however, that
the Permitted Convertible Notes shall not constitute Equity Interests of the
Company.
 
 
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“ERISA” means the Employee Retirement Income Security Act of 1974, as amended
from time to time, and any successor statute and all rules and regulations
promulgated thereunder.
 
“ERISA Affiliate” means, as applied to the Company, any Person or trade or
business which is a member of a group which is under common control with the
Company, who, together with the Company, is treated as a single employer within
the meaning of Section 414(b), (c), (m) or (o) of the Code or, solely for
purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a
single employer under Section 414 of the Code.
 
“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a
withdrawal by the Company or any ERISA Affiliate from a Pension Plan subject to
Section 4063 of ERISA during a plan year in which it was a substantial employer
(as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is
treated as such a withdrawal under Section 4062(e) of ERISA; (c) any failure by
any Pension Plan to satisfy the minimum funding standard (within the meaning of
Section 412 of the Code or Section 302 of ERISA) applicable to such Pension
Plan, whether or not waived; (d) the filing, pursuant to Section 412(c) of the
Code or Section 302(c) of ERISA, of an application for a waiver of the minimum
funding standard with respect to any Pension Plan; (e) a determination by such
Plan’s enrolled actuary that any Pension Plan is, or is expected to be, in
“at-risk” status (as defined in Section 303(i)(4) of ERISA or Section 430(i)(4)
of the Code); (f) a complete or partial withdrawal by the Company or any ERISA
Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is
in reorganization; (g) the receipt by the Company or any ERISA Affiliates of the
Company of any notice, or the receipt by any Multiemployer Plan of any notice,
concerning the imposition of Withdrawal Liability or a determination that a
Multiemployer Plan is, or is expected to be, insolvent or in reorganization,
within the meaning of Title IV of ERISA or in endangered or critical status,
within the meaning of Section 305 of ERISA; (h) the filing of a notice of intent
to terminate a Pension Plan, the treatment of a Plan amendment as a termination
under Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the
PBGC to terminate a Pension Plan or Multiemployer Plan; (i) an event or
condition which constitutes grounds under Section 4042 of ERISA for the
termination of, or the appointment of a trustee to administer, any Pension Plan
or Multiemployer Plan; or (j) the imposition of any liability under Title IV of
ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of
ERISA, upon the Company or any ERISA Affiliate.
 
“Euro” and “€” mean the lawful currency of the Participating Member States
introduced in accordance with the EMU Legislation.
 
“Eurocurrency Base Rate” means, with respect to any Eurocurrency Rate Loan for
any Interest Period, the rate per annum appearing on the Reuters “LIBOR01”
screen displaying British Bankers’ Association Interest Settlement Rates (or on
any successor or substitute screen provided by Reuters, or any successor to or
substitute for such service, providing rate quotations comparable to those
currently provided on such screen, as determined by the Administrative Agent
from time to time for purposes of providing quotations of interest rates
applicable to deposits in the relevant currency in the London interbank market)
at approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period, as the rate for deposits in the relevant
currency with a maturity comparable to such Interest Period.  In the event that
such rate is not available at such time for any reason, then the “Eurocurrency
Base Rate” with respect to such Eurocurrency Rate Loan for such Interest Period
shall be the rate per annum at which deposits in the relevant currency, in the
approximate amount of such Eurocurrency Rate Loan and for a maturity comparable
to such Interest Period, are offered by the principal London office of the
Administrative Agent in immediately available funds in the London interbank
market at approximately 11:00 a.m., London time, two Business Days prior to the
commencement of such Interest Period.
 
 
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“Eurocurrency Borrowing Minimum” means (a) in the case of a Committed Borrowing
denominated in Dollars, $1,000,000, (b) in the case of a Committed Borrowing
denominated in Euros, €3,000,000 and (c) in the case of a Committed Borrowing
denominated in any other Alternative Currency, an amount the Dollar Equivalent
of which is equal to approximately $5,000,000.
 
“Eurocurrency Borrowing Multiple” means (a) in the case of a Committed Borrowing
denominated in Dollars, $1,000,000, (b) in the case of a Committed Borrowing
denominated in Euros, €500,000 and (c) in the case of a Committed Borrowing
denominated in any other Alternative Currency, an amount the Dollar Equivalent
of which is equal to approximately $1,000,000.
 
“Eurocurrency Rate” means, for any Interest Period with respect to a
Eurocurrency Rate Loan, a rate per annum (rounded upward, if necessary, to a
whole multiple of 1/100th of 1%) determined by the Administrative Agent pursuant
to the following formula:
 

  Eurocurrency Rate   = Eurocurrency Base Rate
1.00 – Eurocurrency Reserve Percentage

“Eurocurrency Rate Loan” means a Committed Loan that bears interest at a rate
based on the Eurocurrency Rate.  Eurocurrency Rate Loans may be denominated in
Dollars or in an Alternative Currency.  All Committed Loans denominated in an
Alternative Currency, or denominated in Dollars but made to a Foreign Borrower,
must be Eurocurrency Rate Loans.
 
“Eurocurrency Reserve Percentage” means, for any day during any Interest Period,
the reserve percentage (expressed as a decimal) in effect on such day, whether
or not applicable to any Lender, under regulations issued from time to time by
the FRB for determining the maximum reserve requirement (including any
emergency, supplemental or other marginal reserve requirement) with respect to
Eurocurrency funding (currently referred to as “Eurocurrency liabilities”).  The
Eurocurrency Rate for each outstanding Eurocurrency Rate Loan shall be adjusted
automatically as of the effective date of any change in the Eurocurrency Reserve
Percentage.
 
“Event of Default” has the meaning specified in Section 8.01.
 
“Excluded Subsidiaries” means FRE and its Subsidiaries.  Subject to Section 1.09
and except as otherwise expressly provided in this Agreement, (a) for purposes
of this Agreement and the other Loan Documents, the Excluded Subsidiaries shall
be deemed not to be Subsidiaries of the Company and (b) in furtherance of the
foregoing, references to any financial statement items being determined on a
consolidated basis for the Company or for the Company and its Subsidiaries shall
be determined on a consolidated basis for the Company and its Subsidiaries other
than the Excluded Subsidiaries, and all amounts otherwise attributable to the
Excluded Subsidiaries shall be excluded.
 
 
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“Excluded Subsidiaries Redesignation” has the meaning specified in Section 1.09.
 
“Excluded Taxes” means, with respect to any Agent, any Lender, any L/C Issuer or
any other recipient of any payment to be made by or on account of any obligation
of any Borrower 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), 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, (b) any branch profits taxes imposed by the United States or any
similar tax imposed by any other jurisdiction referred to in the preceding
clause (a) and (c) except as provided in the following sentence, in the case of
a Foreign Lender (other than an assignee pursuant to a request by the Company
under Section 10.13), any withholding tax that is imposed on amounts payable to
such Foreign Lender at the time such Foreign Lender becomes a party hereto (or
designates a new Lending Office) or is attributable to such Foreign Lender’s
failure or inability (other than as a result of a Change in Law) to comply with
Section 3.01(e), 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 Borrower with
respect to such withholding tax pursuant to Section 3.01(a).  Notwithstanding
anything to the contrary contained in this definition, “Excluded Taxes” shall
not include any withholding tax imposed at any time on payments made by or on
behalf of a Foreign Loan Party to any Lender or L/C Issuer hereunder or under
any other Loan Document, provided that such Person shall have complied with the
last paragraph of Section 3.01(e).
 
“Existing CapEx Carry-Over Amount” means the aggregate amount, but not in excess
of $30,000,000, of the capital expenditures permitted to be made by the Company
and its Subsidiaries under the Existing Company Credit Agreement during the
fiscal year of the Company ended December 29, 2007, and not so made during such
fiscal year.  The Existing CapEx Carry-Over Amount shall be conclusively
determined based on the certificate of a Responsible Officer of the Company
delivered pursuant to Section 4.01(a)(vii).
 
“Existing Company Credit Agreement” means that certain Credit Agreement dated as
of October 14, 2005, among the Company, the Subsidiaries party thereto, Bank of
America, as agent, and a syndicate of lenders.
 
“Existing Letters of Credit” means the existing letters of credit described on
Schedule 1.01(a) hereto.
 
“Existing Sonion Credit Agreement” means that certain Credit Agreement dated as
of March 14, 2006, among Sonion, Danske Bank, as agent, and a syndicate of
lenders.
 
 
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“Extended Letter of Credit” means any Letter of Credit the expiry date of which
would occur after the Letter of Credit Expiration Date, provided that (a) the
L/C Issuer that is the issuer thereof shall have consented, in its sole
discretion, to the designation of such Letter of Credit as an “Extended Letter
of Credit” and (b) the Primary Revolving Borrower for whose account such Letter
of Credit is issued shall have Cash Collateralized L/C Obligations arising under
such Letter of Credit prior to the date of issuance thereof (or, if such Letter
of Credit shall be an Auto-Extension Letter of Credit, at least five Business
Days prior to the last date on which the applicable L/C Issuer may give a
Non-Extension Notice with respect thereto, if, failing delivery of such
Non-Extension Notice on such date, the expiry date of such Letter of Credit
shall automatically be required to be extended to a date occurring after the
Letter of Credit Expiration Date) in an amount equal to 105% of the amount of
such Letter of Credit.
 
“Federal Funds Rate” means, for any day, the rate per annum equal to the
weighted average of the rates on overnight Federal funds transactions with
members of the Federal Reserve System arranged by Federal funds brokers on such
day, as published by the Federal Reserve Bank of New York on the Business Day
next succeeding such day; provided that (a) if such day is not a Business Day,
the Federal Funds Rate for such day shall be such rate on such transactions on
the next preceding Business Day as so published on the next succeeding Business
Day, and (b) if no such rate is so published on such next succeeding Business
Day, the Federal Funds Rate for such day shall be the average rate (rounded
upward, if necessary, to a whole multiple of 1/100 of 1%) charged to JPMCB on
such day on such transactions as determined by the Administrative Agent.
 
“Fee Letter” means the letter agreement dated January 8, 2008, among the
Company, the Administrative Agent and the Arranger.
 
“First Amendment Agreement” has the meaning specified in the preliminary
statement to this Agreement.
 
“First Restated Credit Agreement” has the meaning specified in the preliminary
statement to this Agreement.
 
“First Restatement Effective Date” means the “Restatement Effective Date” as
defined in the First Restated Credit Agreement.
 
“Foreign Borrower” means any Borrower that is a Foreign Subsidiary.
 
“Foreign Lender” means, with respect to any Borrower, any Lender that is
organized under the laws of a jurisdiction other than that in which such
Borrower is resident for tax purposes.  For purposes of this definition, the
United States, each State thereof and the District of Columbia shall be deemed
to constitute a single jurisdiction.
 
“Foreign Loan Party” means any Loan Party that is a Foreign Subsidiary.
 
“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.
 
“FRB” means the Board of Governors of the Federal Reserve System of the United
States.
 
 
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“FRE” means Full Rise Electronic Co. Ltd., a company organized under the laws of
the Republic of China (Taiwan).
 
“FRE Holding Company” means any Subsidiary of the Company (excluding, for the
avoidance of doubt, FRE and its Subsidiaries) that owns Equity Interests in FRE
or in any Subsidiary of FRE.
 
“Fund” means any Person (other than a natural person) that is (or will be)
engaged in making, purchasing, holding or otherwise investing in commercial
loans and similar extensions of credit in the ordinary course of its business.
 
“GAAP” means generally accepted accounting principles in the United States, as
in effect from time to time (but subject to Section 1.03(b).
 
“German Restricted Loan Party” means any Loan Party incorporated, organized or
established under the laws of Germany that is, or the general partner with
unlimited personal liability of which is, subject to capital maintenance or
other rules restricting its ability to guarantee the Guaranteed Obligations or
to provide security for the Secured Obligations or diminishing the commercial
value of such guarantee or security and which rules are not fully suspended by
the existence of a domination agreement (Beherrschungsvertrag) with its parent
as dominating entity (herrschende Gesellschaft).
 
“Governmental Authority” means the government of the United States of America,
any other nation or any political subdivision thereof, whether state or local,
and any agency, authority, instrumentality, regulatory body, court, central bank
or other entity exercising executive, legislative, judicial, taxing, regulatory
or administrative powers or functions of or pertaining to government (including
any supra-national body exercising such powers or functions, such as the
European Union or the European Central Bank) and any group or body charged with
setting financial accounting or regulatory capital rules or standards (including
the Financial Accounting Standards Board, the Bank for International Settlements
or the Basel Committee on Banking Supervision).
 
“Guarantee” 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 of any holder of such
Indebtedness to obtain any such Lien); provided that the term “Guarantee” shall
not include endorsements of negotiable instruments for deposit or
collection.  The amount of any Guarantee 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 Guarantee 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.  The term “Guarantee” as a
verb has a corresponding meaning.
 
 
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“Guarantee Agreement” means the Master Guarantee Agreement dated as of February
28, 2008, among the Loan Parties and the Administrative Agent, together with all
supplements thereto.
 
“Guaranteed Party” has the meaning specified in the Guarantee Agreement.
 
“Hazardous Materials” means any hazardous, toxic or dangerous waste, substance
or material (including petroleum products or byproducts), the generation,
handling, storage, use, disposal, treatment, release or emission of which, or
exposure to which, is subject to any Environmental Law in effect on any date.
 
“Honor Date” has the meaning specified in Section 2.03(c)(i).
 
“IFRS” means the international financial reporting standards as in effect from
time to time.
 
“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 indebtedness, obligations and liabilities of such Person for borrowed
money;
 
(b) all obligations of such Person arising under letters of credit (whether
standby or commercial), bankers’ acceptances, bank guaranties, surety bonds and
similar instruments;
 
(c) net obligations of such Person under any Swap Contract;
 
(d) all obligations of such Person to pay the deferred purchase price of
property or services (other than (i) trade accounts payable in the ordinary
course of business and in accordance with customary terms and (ii) deferred
compensation);
 
(e) indebtedness (excluding prepaid interest thereon) secured by a Lien on
property owned by such Person (including indebtedness arising under conditional
sales or other title retention agreements), whether or not such indebtedness
shall have been assumed by such Person or is limited in recourse;
 
(f) obligations under Capital Leases and obligations under Synthetic Leases
which would be capitalized under GAAP if they were accounted for as Capital
Leases;
 
 
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(g) all obligations of such Person to purchase, redeem, retire, defease or
otherwise make any payment in respect of any Disqualified Capital Stock in such
Person or any other Person, valued, in the case of a redeemable preferred
interest, at the greater of its voluntary or involuntary liquidation preference
plus accrued and unpaid dividends;
 
(h) any off-balance-sheet liabilities of such Person (including any attributable
debt in respect of sale-leaseback transactions, but excluding liabilities
arising out of leases, consignment agreements or similar arrangements for
precious, semi-precious, or other metals that are entered into by the Company or
any Subsidiary in the ordinary course of business); and
 
(i) all Guarantees of such Person in respect of any of the foregoing.
 
The amount of any net obligation under any Swap Contract on any date shall be
deemed to be the Swap Termination Value thereof as of such date.  The amount of
any Capital Lease obligation shall be the amount thereof required to be
capitalized in accordance with GAAP.  The amount of any Synthetic Lease as of
any date shall be deemed to be the amount thereof required to be capitalized if
such Synthetic Lease were accounted for as a Capital Lease.  The Indebtedness of
any Person shall include the Indebtedness of any other Person (including any
partnership in which such Person is a general partner) to the extent such Person
is liable therefor as a result of such Person’s ownership interest in or other
relationship with such other Person, except to the extent the terms of such
Indebtedness provide that such Person is not liable therefor.
 
“Indebtedness for Money Borrowed” means, as to any Person, Indebtedness of such
Person of the type referred to in clause (a) or (f) of the definition of term
“Indebtedness”, and any Guarantees of such Person of any Indebtedness of the
type referred to in such clauses of any other Person.
 
“Indemnified Taxes” means Taxes other than Excluded Taxes.
 
“Indemnitees” has the meaning specified in Section 10.04(b).
 
“Information” has the meaning specified in Section 10.07.
 
“Information Memorandum” means the Confidential Information Memorandum dated
January 2008, used by the Arranger in connection with the syndication of the
credit facilities provided for under this Agreement.
 
“Intellectual Property” has the meaning specified in the Domestic Collateral
Agreement.
 
“Intercreditor Agreement” means the Second Lien Intercreditor Agreement or the
Pari Passu Intercreditor Agreement, as applicable.
 
“Interest Payment Date” means (a) as to any Eurocurrency Rate Loan, the last day
of each Interest Period applicable to such Loan and the Maturity Date; provided,
however, that if any Interest Period for a Eurocurrency Rate Loan exceeds three
months, the respective dates that fall every three months after the beginning of
such Interest Period shall also be Interest Payment Dates; (b) as to any Base
Rate Loan (other than a Swing Line Loan), the last Business Day of each March,
June, September and December and the Maturity Date; and (c) as to any Swing Line
Loan, the day that such Loan is required to be repaid.
 
 
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“Interest Period” means, as to each Eurocurrency Rate Loan, the period
commencing on the date such Eurocurrency Rate Loan is disbursed or converted to
or continued as a Eurocurrency Rate Loan and ending on the date one, two, three
or six months thereafter, as selected by the Company in its Committed Loan
Notice; provided that:
 
(a) any Interest Period that would otherwise end on a day that is not a Business
Day shall be extended to the next succeeding Business Day unless such Business
Day falls in another calendar month, in which case such Interest Period shall
end on the next preceding Business Day;
 
(b) any Interest Period that begins on the last Business Day of a calendar month
(or on a day for which there is no numerically corresponding day in the calendar
month at the end of such Interest Period) shall end on the last Business Day of
the calendar month at the end of such Interest Period; and
 
(c) no Interest Period shall extend beyond the Maturity Date.
 
“Internal Control Event” means a material weakness in, or fraud that involves
management or other employees who have a significant role in, the Company’s
internal controls over financial reporting, in each case as described in the
Securities Laws.
 
“Investment” means, as to any Person, any loan or advance to, or any Guarantee
of any obligations of, any other Person, any purchase or other acquisition of
any Equity Interests or other securities, assets (to the extent they constitute
all or substantially all the assets, or a business unit, of the seller) or
obligations of any other Person, or any capital contribution to, or other
investment or acquisition (including pursuant to any merger or consolidation
with any other Person) of any interest in any other Person.  For purposes of
this Agreement, the amount, as of any date of determination, of (a) any
Investment in the form of a loan or an advance shall be the principal amount
thereof outstanding on such date, (b) any Investment in the form of a Guarantee
shall be the principal amount outstanding on such date of Indebtedness or other
obligation being guaranteed thereby, (c) any Investment in the form of a
transfer of Equity Interests or other assets by the investor to the investee,
including any such transfer in the form of a capital contribution, shall be the
shareholders’ equity represented by such Equity Interests, or the net book value
of such other assets, transferred, in each case determined as of the time of the
transfer, without any adjustment for increases or decreases in value of, or
write-ups, write-downs or write-offs with respect to, such Investment, (d) any
Investment (other than any Investment referred to in clause (a), (b) or (c)
above) by any Person in the form of a purchase or other acquisition of any
Equity Interests or other securities, assets or obligations of any other Person
shall be the original cost of such Investment (including any Indebtedness
assumed in connection therewith or, in the case of an Investment as a result of
which any Person becomes a Subsidiary, any Indebtedness of such Person existing
at the time thereof), without any adjustment for increases or decreases in value
of, or write-ups, write-downs or write-offs with respect to, such Investment,
and (e) any Investment (other than any Investment referred to in clause (a),
(b), (c) or (d) above) by any Person in any other Person resulting from the
issuance by such other Person of its Equity Interests to such Person shall be
the shareholders’ equity of such other Person represented by such Equity
Interests at the time of the issuance thereof.
 
 
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“Investment Transfer” to any Person means any loan or advance to, or any
Guarantee of any obligations of, such Person, any transfer of any Equity
Interests or other assets to such Person or any capital contribution to such
Person (including pursuant to any merger or consolidation with such Person).
 
“IRS” means the United States Internal Revenue Service.
 
“ISP” means, with respect to any Letter of Credit, the “International Standby
Practices 1998” published by the Institute of International Banking Law &
Practice (or such later version thereof as may be in effect at the time of
issuance).
 
“Issuer Documents” means, with respect to any Letter of Credit, the Letter of
Credit Application and any other document, agreement and instrument entered into
by any L/C Issuer and any Primary Revolving Borrower or in favor such L/C Issuer
and relating to any such Letter of Credit.
 
“JPMCB” means JPMorgan Chase Bank, N.A. and its successors.
 
“Laws” means, collectively, all international, foreign, Federal, state and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and
administrative or judicial precedents or authorities, including the
interpretation or administration thereof by any Governmental Authority charged
with the enforcement, interpretation or administration thereof, and all
applicable administrative orders, directed duties, licenses, authorizations and
permits of, and agreements with, any Governmental Authority, in each case
whether or not having the force of law.
 
“L/C Advance” means, with respect to each Primary Revolving Lender, such Primary
Revolving Lender’s funding of its participation in any L/C Disbursement pursuant
to Section 2.03(c)(ii).
 
“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance
thereof or extension of the expiry date thereof, or the increase of the amount
thereof.
 
“L/C Disbursement” has the meaning specified in Section 2.03(c)(i).
 
“L/C Issuer” means JPMCB or Bank of America, each in its capacity as issuer of
Letters of Credit hereunder.
 
“L/C Obligations” means, at any time, the aggregate amount available to be drawn
under all outstanding Letters of Credit at such time plus the aggregate amount
of all L/C Disbursements that have not yet been reimbursed by the Primary
Revolving Borrowers at such time.  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 1.05.  For all purposes of
this 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.
 
 
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“Lenders” means the Persons listed on Schedule 2.01 and any other Person that
shall have become a party hereto pursuant to an Assignment and Assumption or a
Lender Joinder Agreement, other than any such Person that ceases to be a party
hereto pursuant to an Assignment and Assumption.  Unless the context otherwise
requires, the term “Lenders” includes the Swing Line Lender.
 
“Lending Office” means, as to any Lender, the office or offices of such Lender
described as such in such Lender’s Administrative Questionnaire, or such other
office or offices as a Lender may from time to time notify to the Company and
the Agents.
 
“Letter of Credit” means any documentary or standby letter of credit issued
hereunder and shall include the Existing Letters of Credit.  Letters of Credit
may be issued in Dollars or in any Alternative Currency.
 
“Letter of Credit Application” means an application and agreement for the
issuance or amendment of a Letter of Credit in the form from time to time in use
by the applicable L/C Issuer.
 
“Letter of Credit Expiration Date” means the day that is five Business Days
prior to the Maturity Date.
 
“Letter of Credit Fee” has the meaning specified in Section 2.03(i).
 
Letter of Credit Sublimit” means an amount equal to the lesser of (a) $3,000,000
and (b) the Aggregate Primary Revolving Commitments.  The Letter of Credit
Sublimit is part of, and not in addition to, the Aggregate Primary Revolving
Commitments.
 
“Lien” means any interest in property securing any obligation owed to, or a
claim by, a Person other than the owner of the property, whether such interest
is based on the common law, statute or contract, and including but not limited
to the lien or security interest arising from a mortgage, encumbrance, pledge,
security agreement, conditional sale or trust receipt or a lease, consignment or
bailment for security purposes.
 
“Loan” means an extension of credit by a Lender to a Borrower under Article II
in the form of a Committed Loan or a Swing Line Loan.
 
“Loan Documents” means this Agreement, the Third Amendment Agreement, the
Specified Dispositions Letter Agreement, the Guarantee Agreement, the Domestic
Collateral Agreement and the other Security Documents, each Borrower Joinder
Agreement, each Lender Joinder Agreement and each Note.
 
“Loan Documents Obligations”  has the meaning specified in the Guarantee
Agreement.
 
 
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“Loan Parties” means, collectively, the Company, each other Borrower and each
other Subsidiary Guarantor.
 
“London Administrative Agent” means J.P. Morgan Europe Limited, or any other
Affiliate or branch of JPMCB that JPMCB shall have designated for the purpose of
acting in such capacity hereunder.
 
“Long-Term Indebtedness” means any Indebtedness that, in accordance with GAAP,
constitutes (or, when incurred, constituted) a long-term liability.
 
“Mandatory Cost” means, with respect to any period, the percentage rate per
annum determined in accordance with Schedule 1.01(b).
 
“Material Acquisition” means any Acquisition the aggregate consideration paid in
which exceeds $5,000,000.
 
“Material Adverse Effect” means a material adverse effect on (a) the business,
operations, or condition (financial or otherwise) of the Company and its
Subsidiaries taken as a whole, (b) the ability of the Company or the Loan
Parties taken as a whole to perform their obligations and pay all amounts due
under the Loan Documents, or (c) the ability of any Agent or any Lender to
enforce its rights under the Loan Documents taken as a whole or to collect any
of the Loan Documents Obligations then due and payable.
 
“Material Disposition” means any Disposition, or a series of related
Dispositions, of (a) all or substantially all of the issued and outstanding
Equity Interests in any Person or (b) assets comprising all or substantially all
of the assets of any Person or of a line or lines of business conducted by any
Person, provided that the aggregate consideration received therein exceeds
$5,000,000.
 
“Material Subsidiary” means (a) for purposes of clauses (b) and (c) of the
definition of the term “Subsidiary Guarantor”, any Subsidiary the consolidated
total assets of which are equal to $1,000,000 or more, provided that any Foreign
Subsidiary the Net Worth of which (exclusive of value (i.e., shareholders’
equity) of any Subsidiaries owned by such Subsidiary and value of any Specified
Intercompany Indebtedness owned by such Foreign Subsidiary) is equal to less
than $5,000,000 may, in the discretion of the Administrative Agent, be deemed
not to be a Material Subsidiary for purposes of clauses (c) of the definition of
the term “Subsidiary Guarantor”, and (b) otherwise, any Subsidiary the Net Worth
of which (exclusive of the value (i.e., shareholders’ equity) of any
Subsidiaries owned by such Subsidiary and value of any Specified Intercompany
Indebtedness owned by such Subsidiary) is equal to $10,000,000 or more.  For
purposes of this definition, all amounts shall be determined as of the end of
the most recent period of four consecutive fiscal quarters of the Company with
respect to which the Administrative Agent shall have received financial
statements referred to in Section 5.05(a) or delivered pursuant to Section
6.01(a) or 6.01(b).
 
“Maturity Date” means February 28, 2013.
 
“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.
 
 
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“Mortgaged Property” means (a) each parcel of real property set forth on
Schedule 1.01(f) and (b) each other parcel of real property owned in fee by the
Company or any other Loan Party, and the improvements thereto, that has a book
or fair market value of $500,000 or more.
 
“Multiemployer Plan” means an employee pension benefit plan covered by Title IV
of ERISA and in respect of which the Company or any ERISA Affiliate is an
“employer” as described in Section 4001(b) of ERISA, which is also a
multiemployer plan as defined in Section 4001(a)(3) of ERISA.
 
“Net Proceeds” means, with respect to any event (a) the cash proceeds
(including, in the case of any casualty, condemnation or similar proceeding,
insurance, condemnation or similar proceeds) received in respect of such event,
including any cash received in respect of any noncash proceeds, but only as and
when received, net of (b) the sum, without duplication, of (i) all reasonable
fees and out-of-pocket expenses paid in connection with such event by the
Company or any Subsidiary to Persons that are not Affiliates of the Company or
any Subsidiary, (ii) in the case of a sale, transfer, lease or other disposition
(including pursuant to any sale and leaseback transaction or a casualty or a
condemnation or similar proceeding) of an asset, the amount of all payments
required to be made by the Company or any Subsidiary as a result of such event
to repay Indebtedness (other than Loans or any Permitted Refinancing
Indebtedness) secured by such asset and (iii) the amount of all taxes paid (or
reasonably estimated to be payable) by the Company or any Subsidiary, and the
amount of any reserves established by the Company or any Subsidiary to fund
contingent liabilities reasonably estimated to be payable, in each case during
the year that such event occurred or the next succeeding year and that are
directly attributable (as determined reasonably and in good faith by the chief
financial officer of the Company) to such event or, in the case of such taxes,
to the transfer of funds from the recipient of such cash proceeds to the
Borrower making the prepayment under Section 2.05(d) required to be made on
account of the receipt thereof.  For purposes of this definition, in the event
any contingent liability reserve established with respect to any event as
described in clause (b)(iii) above shall be reduced, the amount of such
reduction shall, except to the extent such reduction is made as a result of a
payment having been made in respect of the contingent liabilities with respect
to which such reserve has been established, be deemed to be receipt, on the date
of such reduction, of cash proceeds in respect of such event.
 
“Net Worth” means, with respect to any Subsidiary as of any date on which the
amount thereof is to be determined, shareholders’ equity of such Subsidiary
determined in accordance with GAAP, excluding, however, for purposes of such
determination, (a) any liabilities of such Subsidiary incurred under the Loan
Documents, (b) any liabilities in the form of Guarantees and (c) any liabilities
owed to the Company, any Subsidiary or any Excluded Subsidiary.
 
“Non-Extension Notice” has the meaning specified in Section 2.03(b)(iii).
 
“Non-Restricted Foreign Loan Party” means any Foreign Loan Party that is not a
Restricted Foreign Loan Party.
 
“Non-Restricted Loan Party” means (a) any Domestic Loan Party and (b) any
Non-Restricted Foreign Loan Party.
 
 
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“Note” means a promissory note made by a Borrower in favor of a Lender
evidencing Loans made by such Lender to such Borrower, substantially in the form
of Exhibit D.
 
“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 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.
 
“Original Credit Agreement” has the meaning specified in the First Amendment
Agreement.
 
“Other Taxes” means any present or future stamp, court or documentary taxes or
any other excise or property taxes, charges or similar levies which arise from
any payment made hereunder or from the execution, delivery, performance,
enforcement or registration of, or otherwise with respect to, this Agreement or
any other Loan Documents.
 
“Outstanding Amount” means (a) with respect to Committed Loans on any date, the
Dollar Equivalent amount of the aggregate outstanding principal amount thereof
on such date after giving effect to any borrowings and prepayments or repayments
of such Committed Loans occurring on such date; (b) with respect to Swing Line
Loans on any date, the aggregate outstanding principal amount thereof on such
date after giving effect to any borrowings and prepayments or repayments of such
Swing Line Loans occurring on such date; and (c) with respect to any L/C
Obligations on any date, the Dollar Equivalent amount of 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 occurring on such date, including as a
result of any reimbursements by the Primary Revolving Borrowers of L/C
Disbursements.
 
“Overnight Rate” means, for any day, (a) with respect to any amount denominated
in Dollars, the greater of (i) the Federal Funds Rate in effect on such day and
(ii) an overnight rate determined by the Administrative Agent, the applicable
L/C Issuer, or the Swing Line Lender, as the case may be, in accordance with
banking industry rules on interbank compensation, and (b) with respect to any
amount denominated in an Alternative Currency, the rate of interest per annum at
which overnight deposits in the applicable Alternative Currency, in an amount
approximately equal to the amount with respect to which such rate is being
determined, would be offered for such day by a branch or Affiliate of JPMCB in
the applicable offshore interbank market for such currency to major banks in
such interbank market.
 
 
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“Pari Passu Intercreditor Agreement” means a Pari Passu Intercreditor Agreement
among the Administrative Agent and each administrative agent, collateral agent,
trustee and/or any similar representative acting on behalf of the holders of the
applicable Permitted Refinancing Indebtedness (and/or, if so reasonably
determined by the Administrative Agent, the holders of such Permitted
Refinancing Indebtedness), in form and substance reasonably satisfactory to the
Administrative Agent, pursuant to which, among other things, the Liens securing
such Permitted Refinancing Indebtedness shall be pari passu to the Liens created
pursuant to the Security Documents to secure the Secured Obligations (or the
holders of such Permitted Refinancing Indebtedness shall otherwise have agreed
that all proceeds of any sale, collection or other liquidation of any assets of
the Company and its Subsidiaries securing obligations arising under, or relating
to, such Permitted Refinancing Indebtedness that are received on account of any
enforcement of rights or exercise of remedies with respect thereto, and all
distributions made in respect of such assets in any bankruptcy, insolvency or
similar proceeding involving the Company or any of its Subsidiaries, shall be
applied ratably to satisfy the Secured Obligations and any obligations arising
under, or relating to, such Permitted Refinancing Indebtedness).
 
“Participant” has the meaning specified in Section 10.06(d).
 
“Participating Member State” means each state so described in any EMU
Legislation.
 
“Patriot Act” has the meaning specified in Section 4.01(n).
 
“PBGC” means the Pension Benefit Guaranty Corporation and any successor thereto.
 
“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 or Section 412 of the Code or Section 302 of ERISA
and is sponsored or maintained by the Company or any ERISA Affiliate or to which
the Company 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.
 
“Permitted Call Spread Hedge Swap Contracts” means (a) a Swap Contract pursuant
to which the Company acquires a call option requiring the counterparty thereto
to deliver to the Company shares of common stock of the Company from time to
time upon exercise of such option and (b) a Swap Contract pursuant to which the
Company issues to the counterparty thereto warrants to acquire common stock of
the Company, in each case entered into by the Company in connection with the
issuance of the Permitted Convertible Notes for the purpose of raising the
effective conversion price thereof; provided that (i) the terms, conditions and
covenants of each such Swap Contract shall be such as are typical and customary
for Swap Contracts of such type (as determined by the Board of Directors of the
Company in good faith) and (ii) the settlement of each such Swap Contract does
not require the Company to make any payment in cash or cash equivalents (other
than payment of cash in lieu of issuance of fractional shares).
 
“Permitted Convertible Notes” means any senior unsecured notes issued by the
Company that are convertible into common stock of the Company; provided that (a)
the stated final maturity thereof shall be no earlier than 91 days after the
Maturity Date, and shall not be subject to any conditions that could result in
such stated final maturity occurring on a date that precedes the 91st day after
the Maturity Date (it being understood that a repurchase of such notes on
account of the occurrence of a “fundamental change” shall not be deemed to
constitute a change in the stated final maturity thereof), (b) the terms,
conditions and covenants of such notes shall be such as are typical and
customary for notes of such type (as determined by the Board of Directors of the
Company in good faith), (c) no Subsidiary of the Company shall Guarantee
obligations of the Company thereunder and (d) the obligations in respect thereof
shall not be secured by any Lien on any asset of the Company or any of its
Subsidiaries.
 
 
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“Permitted Refinancing Indebtedness” means (a) (i) any unsecured notes or loans
issued or incurred by the Company or any other Loan Party, and unsecured
Guarantees thereof by any Loan Party and (ii) any secured notes or loans issued
or incurred by the Company or any other Loan Party, and Guarantees thereof by
any Loan Party, secured by Permitted Refinancing Indebtedness Collateral on a
basis subordinated to or pari passu with the Secured Obligations; provided that
(A) on the date of the issuance or incurrence thereof, the Primary Revolving
Commitments shall be permanently reduced in an amount equal to the lesser of (1)
the aggregate principal amount of such notes or loans (less any original issue
discount, upfront fees or other fees and expenses reasonably incurred in
connection with the issuance or incurrence thereof), which amount shall not be
less than $30,000,000 in any one case, and (2) the aggregate amount of the
Primary Revolving Commitments then in effect (and the Committed Primary
Revolving Loans shall be prepaid in an amount equal to the lesser of the amount
referred to in clause (1) above and the aggregate principal amount of the
Committed Primary Revolving Loans then outstanding), (B) no Subsidiary that is
not a Loan Party shall be an obligor (including pursuant to a Guarantee) under
such Indebtedness and (C) if such Indebtedness (or any Guarantee thereof) is
secured, (1) the obligations in respect thereof shall not be secured by any Lien
on any asset of the Company or any Subsidiary other the Permitted Refinancing
Indebtedness Collateral, (2) the administrative agent, the collateral agent, the
trustee and/or a similar representative (in each case, as determined by the
Administrative Agent) acting on behalf of the holders of such Indebtedness shall
have become party to, and the holders of such Indebtedness shall otherwise be
bound by the terms of, the Second Lien Intercreditor Agreement or the Pari Passu
Intercreditor Agreement, as applicable (and such Intercreditor Agreement shall
have been executed by the Loan Parties) and (3) the covenants, events of default
and similar provisions imposing restrictions on the Company and its Subsidiaries
as set forth in the documentation governing such Indebtedness shall not be more
restrictive in any material respect than those set forth in the Loan Documents
and (b) any Indebtedness issued or incurred by the Company or any other Loan
Party that refinances, refunds, renews or extends the Indebtedness referred to
in clause (a) above, provided that (i) the aggregate principal amount of such
Indebtedness does not exceed the aggregate principal amount of the Indebtedness
being refinanced, refunded, renewed or extended, except by an amount equal to
accrued but unpaid interest thereon, a reasonable premium or other reasonable
amount paid, and fees and expenses reasonably incurred, in connection with such
refinancing, refunding, renewal or extension, and (ii) the requirements of
clauses (B) and (C) above are satisfied with respect to such Indebtedness.
 
“Permitted Refinancing Indebtedness Collateral” means any assets of a Loan Party
(other than any asset constituting Cash Collateral) on which Liens have been
granted pursuant to the Security Documents as security for the Loan Documents
Obligations.
 
 
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“Permitted Refinancing Indebtedness Liens” means Liens on the Permitted
Refinancing Indebtedness Collateral securing obligations in respect of Permitted
Refinancing Indebtedness (including Guarantees thereof permitted by the
definition of such term); provided that, in the case of any such Lien provided
by any Loan Party, the subordination of such Lien (or the subordination of the
right to receive proceeds and distributions on account thereof), or pari passu
ranking thereof, as contemplated by the definition of the term “Second Lien
Intercreditor Agreement” or “Pari Passu Intercreditor Agreement”, as applicable,
shall be valid and effective under the laws of, and shall be recognized by the
courts of, the jurisdiction of organization of such Loan Party.
 
“Person” means an individual, limited liability company, partnership,
corporation, trust, unincorporated organization, association, joint venture or
other entity or a Governmental Authority.
 
“Plan” means any “employee benefit plan” (as such term is defined in Section
3(3) of ERISA) established by the Company or, with respect to any such plan that
is subject to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate.
 
“Platform” has the meaning specified in Section 6.02.
 
“Prepayment Event” means:
 
(a) Disposition (including by way of any merger or consolidation or any
sale-leaseback transaction, including the Specified Sale-Leaseback Transaction)
of any asset of the Company or any Subsidiary, including any sale or issuance to
a Person other than the Company or any other Subsidiary of Equity Interests in
any Subsidiary, other than (i) Dispositions described in clauses (a) through (e)
and clauses (g), (j) and (k) of Section 7.05 and (ii) other Dispositions
resulting in aggregate Net Proceeds not exceeding $250,000 during any fiscal
year of the Company;
 
(b) any casualty or other insured damage to, or any taking under power of
eminent domain or by condemnation or similar proceeding of, any asset of the
Company or any Subsidiary resulting in aggregate Net Proceeds of $250,000 or
more;
 
(c) any issuance by the Company of any Equity Interests, or the receipt by the
Company of any capital contribution, other than (i) any issuance of directors’
qualifying shares or of nominal amounts of other Equity Interests that are
required to be held by specified Persons under applicable law, (ii) any issuance
of common stock in the Company to management or employees of the Company or any
Subsidiary, under any employee stock option or stock purchase plan or employee
benefit plan, (iii) any issuance of common stock in the Company in connection
with the conversion of Permitted Convertible Notes and (iv) any issuance of
Equity Interests in the Company in connection with the Permitted Call Spread
Hedge Swap Contracts; or
 
(d) the incurrence by the Company or any Subsidiary of any Indebtedness, other
than any Indebtedness permitted to be incurred by Section 7.03.
 
“Primary Revolving Borrower” means any of (a) the Company, (b) the Singapore
Revolving Borrowers, (c) Pulse Denmark, Technitrol Delaware, Inc., a Delaware
corporation,  Pulse Electronics, Inc. (formerly known as Pulse Engineering,
Inc.), a Delaware corporation, AMI Doduco, Inc., a Pennsylvania corporation,
Pulse Electronics GmbH (formerly known as AMI Doduco Holding GmbH), a company
organized under the laws of Germany, and Pulse Nederland B.V., a company
incorporated or established in The Netherlands, and (d) any other Subsidiary
that has become a Primary Revolving Borrower as provided in Section 2.16.
 
 
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“Primary Revolving Commitment” means, as to each Lender, its obligation, if any,
to (a) make Committed Primary Revolving Loans to the Primary Revolving Borrowers
pursuant to Section 2.01(b), (b) acquire participations in L/C Obligations and
(c) acquire participations in Swing Line Loans, in an aggregate principal amount
at any one time outstanding the Dollar Equivalent of which does not exceed the
Dollar amount set forth opposite such Lender’s name on Schedule 2.01 or in the
Assignment and Assumption or the Lender Joinder Agreement pursuant to which such
Lender becomes a party hereto, as applicable, as such amount may be adjusted
from time to time in accordance with this Agreement.  The initial aggregate
amount of the Lenders’ Primary Revolving Commitments as of the Closing Date was
$250,000,000.  The aggregate amount of the Lenders’ Primary Revolving
Commitments as of the Third Restatement Effective Date is $55,000,000.
 
“Primary Revolving Lender” means a Lender with a Primary Revolving Commitment
or, if the Aggregate Primary Revolving Commitments have terminated, a Lender
holding any of the Total Primary Revolving Outstandings.
 
“Primary Revolving Subfacility” means the credit facility represented by the
Primary Revolving Commitments and established pursuant to Sections 2.01(b), 2.03
and 2.04.
 
“Prime Rate” means the rate of interest per annum publicly announced from time
to time by JPMCB as its prime rate in effect at its principal office in New York
City.  Each change in the Prime Rate shall be effective from and including the
date such change is publicly announced as being effective.
 
“Pro Forma Basis” means, for purposes of calculating compliance with any test or
financial covenant under this Agreement for any period, that the applicable
Acquisition or Disposition (and all other Acquisitions and Dispositions that
have been consummated during the applicable period), and any related retirement
of Indebtedness or incurrence of Indebtedness by the Company and its
Subsidiaries, shall be deemed to have occurred as of the first day of the
applicable period of measurement in such test or covenant; provided that the
foregoing pro forma adjustments may be applied to any such test or financial
covenant solely to the extent that such adjustments are consistent with the
definition of the term “Consolidated EBITDA” and give effect to events
(including operating expense reductions) that (a) are attributable to such
transaction, (b) are expected to have a continuing impact on the Company and its
Subsidiaries and (c) are factually supportable (provided that pro forma effect
shall only be given to operating expense reductions or similar anticipated
benefits from any Acquisition or Disposition solely to the extent that such
adjustments and the bases therefor are set forth in reasonable detail in a
certificate of the Responsible Officer of the Company delivered to the
Administrative Agent and dated the relevant date of determination and which
certifies that all necessary steps for the realization thereof have been taken
or the Company reasonably anticipates that all necessary steps for the
realization thereof will be taken within 12 months following such date of
determination).  For purposes of giving pro forma effect to any Indebtedness
incurred or assumed by the Company or its Subsidiaries that bears interest at a
floating or formula rate, such Indebtedness shall be deemed to have an implied
rate of interest for the applicable period equal to the rate that is or would be
in effect with respect to such Indebtedness as of the relevant date of
determination.
 
 
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“Pulse Components” means Pulse Components ApS, a private limited company
organized under the laws of Denmark under company registration number 2514 1350
(formerly known as Sonion A/S).
 
“Pulse Denmark” means Pulse Denmark ApS, a company organized under the laws of
Denmark under company registration number 3125 3950.
 
“Redesignation Effective Date” has the meaning specified in Section 1.09.
 
“Register” has the meaning specified in Section 10.06(c).
 
“Registered Public Accounting Firm” has the meaning specified in the Securities
Laws and shall be independent of the Company as prescribed by the Securities
Laws.
 
“Related Parties” means, with respect to any Person, such Person’s Subsidiaries
and other Affiliates and the partners, directors, officers, employees, agents
and advisors of such Person and of such Person’s Subsidiaries and other
Affiliates.
 
“Reportable Event” means a reportable event described in Section 4043 of ERISA
and the regulations thereunder for which the notice requirement has not been
waived by applicable regulation.
 
“Request for Credit Extension” means (a) with respect to a Borrowing, conversion
or continuation of Committed Loans, a Committed Loan Notice, (b) with respect to
an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to
a Swing Line Loan, a Swing Line Loan Notice.
 
“Required Lenders” means, as of any date of determination, Lenders having more
than 50% of the sum of (a) the Outstanding Amount of all the Term Loans at such
time, (b) the unused Commitments at such time, (c) the Total Primary Revolving
Outstandings at such time and (d) the Total Singapore Revolving Outstandings at
such time; provided that the Commitment of, and the Total Primary Revolving
Outstandings and the Total Singapore Revolving Outstandings held by, any
Defaulting Lender shall be excluded for purposes of making a determination of
Required Lenders.
 
“Required Primary Revolving Lenders” means, as of any date of determination,
Primary Revolving Lenders having more than 50% of the Aggregate Primary
Revolving Commitments or, if the Aggregate Primary Revolving Commitments have
terminated, Primary Revolving Lenders holding in the aggregate more than 50% of
the Total Primary Revolving Outstandings; provided that the Primary Revolving
Commitment of, and the Total Primary Revolving Outstandings held by, any
Defaulting Lender shall be excluded for purposes of making a determination of
Required Primary Revolving Lenders.
 
“Required Singapore Revolving Lenders” means, as of any date of determination,
Singapore Revolving Lenders having more than 50% of the Aggregate Singapore
Revolving Commitments or, if the Aggregate Singapore Revolving Commitments have
terminated, Singapore Revolving Lenders holding in the aggregate more than 50%
of the Total Singapore Revolving Outstandings; provided that the Singapore
Revolving Commitment of, and the portion of the Total Singapore Revolving
Outstandings held by, any Defaulting Lender shall be excluded for purposes of
making a determination of Required Singapore Revolving Lenders.
 
 
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“Required Term Lenders” means, as of any date of determination, Term Lenders
holding in the aggregate more than 50% of the Outstanding Amount of all the Term
Loans at such time.
 
“Responsible Officer” means, with respect to any Loan Party, the chief executive
officer, president, chief financial officer, controller, director of treasury,
treasurer or assistant treasurer of such Loan Party or, for purposes of clauses
(ii), (iii), (iv), (viii), (ix) and (xi) of Section 4.01(a) only, a
duly-authorized director, manager, vice-president or secretary of such Loan
Party.  Any document delivered hereunder that is signed by a Responsible Officer
of a Loan Party shall be conclusively presumed to have been authorized by all
necessary corporate, partnership and/or other action on the part of such Loan
Party, and such Responsible Officer shall be conclusively presumed to have acted
on behalf of such Loan Party.
 
“Restricted Foreign Loan Party” means (a) any Danish Loan Party, (b) any German
Restricted Loan Party and (c) any Foreign Loan Party that becomes a Loan Party
after the First Restatement Effective Date if such Foreign Loan Party (i) (A) is
incorporated, organized or established in a jurisdiction other than the
jurisdiction of incorporation, organization or establishment of any Foreign Loan
Party (other than a Danish Loan Party) set forth on Schedule 1.01(c) and (B) has
not granted to the Administrative Agent, for the benefit of the Secured Parties,
a valid and perfected security interest in a substantial portion of its assets
(whether as a result of the cost/benefit analysis contemplated by the last
paragraph of the definition of the term “Collateral and Guarantee Requirement”
or otherwise) or (ii) is subject to any Law (including any financial assistance
rule) materially impeding the ability of such Foreign Loan Party to perform its
obligations under the Guarantee Agreement or any Security Document to which it
is a party (without giving effect to any limitations on such obligations
relating to Law that is set forth in the Guarantee Agreement or any such
Security Document), in each case under clause (c)(i) or (c)(ii), as determined
by the Administrative Agent or the Required Lenders.
 
“Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any capital stock or other Equity
Interest of the Company or any Subsidiary, or any payment (whether in cash,
securities or other property), including any sinking fund or similar deposit, on
account of the repurchase, redemption, retirement, cancellation or termination
of any such capital stock or other Equity Interest, or on account of any return
of capital to the Company’s stockholders, partners or members (or the equivalent
Person thereof).
 
“Revolving Availability Period” means the period from and including the Closing
Date to but excluding the earlier of (a) the Maturity Date and (b) (i) in the
case of the Primary Revolving Commitments, the date of termination of the
Aggregate Primary Revolving Commitments pursuant to Section 2.06 or 8.02 and
(ii) in the case of the Singapore Revolving Commitments, the date of termination
of the Aggregate Singapore Revolving Commitments pursuant to Section 2.06 or
8.02.
 
 
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“Revolving Commitment” means (a) with respect to any Primary Revolving Lender,
its Primary Revolving Commitment and (b) with respect to any Singapore Revolving
Lender, its Singapore Revolving Commitment.
 
“Revolving Lender” means a Primary Revolving Lender or a Singapore Revolving
Lender.
 
“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc., and any successor thereto.
 
“Same Day Funds” means (a) with respect to disbursements and payments in
Dollars, immediately available funds, and (b) with respect to disbursements and
payments in an Alternative Currency, same day or other funds as may be
determined by the Applicable Agent to be customary in the place of disbursement
or payment for the settlement of international banking transactions in the
relevant Alternative Currency.
 
“Sarbanes-Oxley” means the Sarbanes-Oxley Act of 2002.
 
“Scheduled AMI Doduco Europe/Asia Disposition” means the Disposition set forth
on Part 3 of Schedule 7.05(i) to the First Restated Credit Agreement.
 
“Scheduled Disposition 1” means the Disposition set forth on Part 1 of Schedule
7.05(i) to the First Restated Credit Agreement.
 
“Scheduled Disposition 2” means the Disposition set forth on Part 2 of Schedule
7.05(i) to the First Restated Credit Agreement.
 
“Scheduled Dispositions” means the Scheduled Disposition 1 and the Scheduled
Disposition 2.
 
“SEC” means the Securities and Exchange Commission, or any Governmental
Authority succeeding to any of its principal functions.
 
“Second Amendment Agreement” has the meaning specified in the preliminary
statement to this Agreement.
 
“Second Lien Intercreditor Agreement” means a Second Lien Intercreditor
Agreement among the Administrative Agent and each administrative agent,
collateral agent, trustee and/or any similar representative acting on behalf of
the holders of the applicable Permitted Refinancing Indebtedness (and/or, if so
reasonably determined by the Administrative Agent, the holders of such Permitted
Refinancing Indebtedness), in form and substance reasonably satisfactory to the
Administrative Agent, pursuant to which, among other things, the Liens securing
such Permitted Refinancing Indebtedness shall be junior and subordinated to the
Liens created pursuant to the Security Documents to secure the Secured
Obligations (or the holders of such Permitted Refinancing Indebtedness shall
otherwise have agreed that all proceeds of any sale, collection or other
liquidation of any assets of the Company and its Subsidiaries securing
obligations arising under, or relating to, such Permitted Refinancing
Indebtedness that are received on account of any enforcement of rights or
exercise of remedies with respect thereto, and all distributions made in respect
of such assets in any bankruptcy, insolvency or similar proceeding involving the
Company or any of its Subsidiaries, shall be applied to satisfy the Secured
Obligations prior to being applied to satisfy any obligations arising under, or
relating to, such Permitted Refinancing Indebtedness).
 
 
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“Second Restated Credit Agreement” has the meaning specified in the preliminary
statement to this Agreement.
 
“Second Restatement Effective Date” has the meaning specified in the Second
Amendment Agreement.
 
“Secured Cash Management Services Obligations” has the meaning specified for the
term “Guaranteed Cash Management Services Obligations” in the Guarantee
Agreement.
 
“Secured Obligations” means (a) in the case of any Domestic Loan Party, (i) all
the Loan Documents Obligations, (ii) all the Secured Cash Management Services
Obligations and (iii) all the Secured Swap Obligations, and (b) in the case of
any Foreign Loan Party, subject to Section 2.07 of the Guarantee Agreement and
any similar limitations set forth in any supplement to the Guarantee Agreement
or in any Security Document, (i) all the Loan Documents Obligations that are
obligations of a Foreign Borrower or any other Foreign Subsidiary, (ii) all the
Secured Cash Management Services Obligations that are obligations of a Foreign
Borrower or any other Foreign Subsidiary, (iii) all the Secured Swap Obligations
that are obligations of a Foreign Borrower or any other Foreign Subsidiary and
(iv) in the case of any Sonion Loan Party, all the Sonion Intercompany Loan
Obligations.
 
“Secured Party” has the meaning specified in the Domestic Collateral Agreement.
 
“Secured Swap Obligations” has the meaning specified for the term “Guaranteed
Swap Obligations” in the Guarantee Agreement.
 
“Securities Laws” means the Securities Act of 1933, the Securities Exchange Act
of 1934, Sarbanes-Oxley and the applicable accounting and auditing principles,
rules, standards and practices promulgated, approved or incorporated by the SEC
or the Public Company Accounting Oversight Board, as each of the foregoing may
be amended and in effect on any applicable date hereunder.
 
“Security Documents” means the Domestic Collateral Agreement, the Domestic
Mortgages and each other security agreement, pledge, assignment or other
instrument or document executed and delivered by any Loan Party to secure any of
the Secured Obligations, including any of the foregoing executed and delivered
pursuant to Section 6.15.
 
“Share” means (a) with respect to any Term Lender or any Term Lender’s share of
any payment or other amount under or with respect to the Term Facility, such
Term Lender’s Applicable Term Percentage, (b) with respect to any Primary
Revolving Lender or any Primary Revolving Lender’s share of any payment or other
amount under or with respect to the Primary Revolving Subfacility, such Primary
Revolving Lender’s Applicable Primary Revolving Percentage and (c) with respect
to any Singapore Revolving Lender or any Singapore Revolving Lender’s share of
any payment or other amount under or with respect to the Singapore Revolving
Subfacility, such Singapore Revolving Lender’s Applicable Singapore Revolving
Percentage.
 
 
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“Singapore Administrative Agent” means JPMorgan Chase Bank, N.A., the Hong Kong
branch, or any other Affiliate or branch of JPMCB that JPMCB shall have
designated for the purpose of acting in such capacity hereunder.
 
“Singapore Revolving Borrowers” means (a) Pulse Electronics (Singapore) Pte.
Ltd., a company organized under the laws of Singapore, and (b) Technitrol
Singapore Holdings Pte. Ltd., a company organized under the laws of Singapore.
 
“Singapore Revolving Commitment” means, as to each Lender, its obligation, if
any, to make Committed Singapore Revolving Loans to the Singapore Revolving
Borrowers pursuant to Section 2.01(c) in an aggregate principal amount at any
one time outstanding the Dollar Equivalent of which does not exceed the Dollar
amount set forth opposite such Lender’s name on Schedule 2.01 or in the
Assignment and Assumption or the Lender Joinder Agreement pursuant to which such
Lender becomes a party hereto, as applicable, as such amount may be adjusted
from time to time in accordance with this Agreement.  The initial aggregate
amount of the Lenders’ Singapore Revolving Commitments as of the Closing Date
was $50,000,000.  The aggregate amount of the Lenders’ Singapore Revolving
Commitments as of the Second Restatement Effective Date is zero.
 
“Singapore Revolving Lender” means a Lender with a Singapore Revolving
Commitment or, if the Aggregate Singapore Revolving Commitments have terminated,
a Lender with an outstanding Committed Singapore Revolving Loan.
 
“Singapore Revolving Subfacility” means the credit facility represented by the
Singapore Revolving Commitments and established pursuant to Section 2.01(c).
 
“Solvency” mean, with respect to any Person on any date of determination, that
on such date (a) the fair value of the assets of such Person is greater than the
total amount of liabilities, including contingent liabilities, of such Person,
(b) the present fair saleable value of the assets of such Person is not less
than the amount that will be required to pay the probable liability of such
Person on its debts and other liabilities as they become absolute and matured,
(c) such Person does not intend to, and does not believe that it will, incur
debts or other liabilities beyond such Person’s ability to pay such debts and
liabilities as they mature and (d) such Person is not engaged in business or a
transaction, and is not about to engage in business or a transaction, for which
such Person’s assets would constitute an unreasonably small capital.  The amount
of contingent liabilities at any time shall be computed as the amount that, in
the light of all the facts and circumstances existing at such time, represents
the amount that could reasonably be expected to become an actual or matured
liability.
 
“Sonion” means Sonion A/S, a company organized under the laws of Denmark under
company registration number 2514 1350 and a predecessor in interest to Pulse
Components.
 
 
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“Sonion Acquisition” has the meaning specified in the preliminary statement to
this Agreement.
 
“Sonion Acquisition Consideration” has the meaning specified in the preliminary
statement to this Agreement.
 
“Sonion Intercompany Loan” means the loan in the amount of $168,000,000 made by
Pulse Denmark to Sonion on the Closing Date.
 
“Sonion Intercompany Loan Obligations” means the due and punctual payment by
Pulse Components of the principal of and interest (including interest accruing
during the pendency of any bankruptcy, insolvency, receivership or other similar
proceeding, regardless of whether allowed or allowable in such proceeding) on
the Sonion Intercompany Loan, when and as due, whether at maturity, by
acceleration, upon one or more dates set for prepayment or otherwise.
 
“Sonion Loan Party” means Pulse Components and each of its Subsidiaries that is
a Loan Party.
 
“Sonion Purchase Agreement” has the meaning specified in the preliminary
statement to this Agreement.
 
“Specified Committed Primary Revolving Borrowing” means the Committed Borrowing
requested to be made on the Closing Date and identified as such in a Committed
Loan Notice.
 
“Specified Dispositions” means the dispositions of the assets and operations
referred to in the Specified Dispositions Letter Agreement.
 
“Specified Dispositions Letter Agreement” means the letter agreement dated
August 5, 2011, between the Company and the Administrative Agent.
 
“Specified Intercompany Indebtedness” means Indebtedness the sole obligors in
respect of which are Loan Parties and that is subordinated to the Loan Documents
Obligations on written terms satisfactory to the Administrative Agent.
 
“Specified Sale-Leaseback Transaction” means a proposed sale and leaseback
transaction relating to the Company’s headquarters building (and related real
property) located at 12220 World Trade Drive, San Diego, CA  92128.
 
“Specified Time” means (a) when used in reference to (i) Swing Line Loans or
(ii) Committed Primary Revolving Loans that are Dollar Domestic Loans, New York
City time, (b) when used in reference to Letters of Credit, New York City time
(or, in the case of any Letter of Credit, such other time as may be agreed to by
the Administrative Agent and the applicable L/C Issuer with respect to such
Letter of Credit), (c) when used in reference to Committed Loans (other than
Committed Singapore Revolving Loans) (i) denominated in Dollars and made to
Foreign Borrowers or (ii) denominated in an Alternative Currency, London time
and (d) when used in reference to Committed Singapore Revolving Loans, Hong Kong
time.
 
 
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“Spot Rate” means on any day, for purposes of determining the Dollar Equivalent
of any Alternative Currency, the rate at which such currency may be exchanged
into Dollars, as set forth at approximately 11:00 a.m. on such date on the
Reuters World Currency Page for such currency.  In the event that such rate does
not appear on the applicable Reuters World Currency Page, the Spot Rate shall be
determined by reference to such other publicly available service for displaying
exchange rates as may be agreed upon by the Applicable Agent and the Company,
or, in the absence of such an agreement, such Spot Rate shall instead be the
arithmetic average of the spot rates of exchange of the Administrative Agent, at
approximately 11:00 a.m. on such date for the purchase of Dollars for delivery
two Business Days later; provided that if at the time of any such determination,
for any reason, no such spot rate is being quoted, the Applicable Agent may use
any reasonable method it deems appropriate to determine such rate, and such
determination shall be conclusive absent manifest error.  References to time of
day in this definition shall be to (a) New York City time, in the case of any
determination of Spot Rates by the Administrative Agent, (b) London time, in the
case of any determination of Spot Rates by the London Administrative Agent, and
(c) Hong Kong time, in the case of any determination of Spot Rates by the
Singapore Administrative Agent.
 
“Subordinated Indebtedness” of any Person means any Indebtedness of such Person
that is subordinated in right of payment to any other Indebtedness of such
Person, including any such Indebtedness of any Loan Party incurred under Section
7.03  (f).
 
“Subsidiary” means, with respect to any Person, any other Person in which
ownership interests representing more than 50% of the equity or more than 50% of
all Voting Equity Interests or, in the case of a partnership, more than 50% of
the general partnership interests are, as of such date, owned directly or
indirectly by such Person.  Except where the context requires otherwise
(including in the context of the term Subsidiary being used in reference to FRE
or to Subsidiaries of FRE), when the term “Subsidiary” is used herein it shall
mean any direct or indirect Subsidiary of the Company (other than, subject to
Section 1.09 and except for purposes of Sections 6.01 and 7.06(a), any Excluded
Subsidiary).
 
“Subsidiary Guarantors” means, collectively, (a) each Subsidiary that is set
forth on Schedule 1.01(c) or that becomes a Borrower after the First Restatement
Effective Date, (b) each Domestic Subsidiary that is a Material Subsidiary
(other than any Domestic Subsidiary set forth on Schedule 1.01(d) or any
Domestic Holding Company) and (c) each Foreign Subsidiary that is a Material
Subsidiary (other than any Foreign Subsidiary organized under the laws of the
People’s Republic of China or Vietnam or set forth on Schedule 1.01(d));
provided that for purposes of Article VII and each other provision hereof where
the context so requires, (i) subject to clause (iii) below, a Subsidiary shall
be deemed to be a “Subsidiary Guarantor” only if, and for so long as, the
requirements of clauses (a) (other than subclause (i)(C) thereof and giving
effect to the last paragraph of the definition of the term “Collateral and
Guarantee Requirement”) and (e) of the definition of the term “Collateral and
Guarantee Requirement” shall have been satisfied with respect to such
Subsidiary, (ii) notwithstanding clause (b) or (c) above, but subject to clause
(iii) below, any Subsidiary shall be deemed to be a “Subsidiary Guarantor” if,
and for so long as, such requirements are satisfied with respect to such
Subsidiary and (iii) in the event that, as a result of the application of the
last paragraph of the definition of the term “Collateral and Guarantee
Requirement”, a Subsidiary grants no Liens on its assets to secure its Secured
Obligations, such Subsidiary shall not be deemed to be a “Subsidiary Guarantor”
for such purposes (irrespective of whether such Subsidiary has Guaranteed its
Guaranteed Obligations pursuant to the Guarantee Agreement).
 
 
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“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, which 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.
 
“Swap Termination Value” means, in respect of any one or more Swap Contracts,
after taking into account the effect of any legally enforceable netting
agreement relating to such Swap Contracts, (a) for any date on or after the date
such Swap Contracts have been closed out and termination value(s) determined in
accordance therewith, such termination value(s), and (b) for any date prior to
the date referenced in clause (a), the amount(s) determined as the
mark-to-market value(s) for such Swap Contracts, as determined based upon one or
more mid-market or other readily available quotations provided by any recognized
dealer in such Swap Contracts (which may include a Lender or any Affiliate of a
Lender).
 
“Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to
Section 2.04.
 
“Swing Line Lender” means JPMCB in its capacity as provider of Swing Line Loans,
or any successor swing line lender hereunder.
 
“Swing Line Loan” has the meaning specified in Section 2.04(a).
 
“Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to
Section 2.04(b), which, if in writing, shall be substantially in the form of
Exhibit E.
 
“Swing Line Sublimit” means an amount equal to zero.  The Swing Line Sublimit is
part of, and not in addition to, the Aggregate Primary Revolving Commitments.
 
“Synthetic Lease” means (a) a so-called synthetic, off-balance sheet or tax
retention lease or (b) an agreement for the use or possession of property
creating obligations that do not appear on the balance sheet of such Person but
which, upon the insolvency or bankruptcy of such Person, would be characterized
as indebtedness of such Person (without regard to accounting treatment).
 
 
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“TARGET Day” means any day on which the Trans-European Automated Real-time Gross
Settlement Express Transfer (TARGET) payment system (or, if such payment system
ceases to be operative, such other payment system (if any) determined by the
Administrative Agent to be a suitable replacement) is open for the settlement of
payments in Euro.
 
“Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental
Authority, including any interest, additions to tax or penalties applicable
thereto.
 
“Term Borrower” means Pulse Denmark.
 
“Term Commitment” means, as to each Lender, its obligation, if any, to make Term
Loans to the Term Borrower pursuant to Section 2.01(a) in an aggregate principal
amount set forth opposite such Lender’s name on Schedule 2.01.  The initial
aggregate amount of the Lenders’ Term Commitments as of the Closing Date was
$200,000,000.
 
“Term Facility” means the credit facility represented by the Term Commitments
and established pursuant to Section 2.01(a).
 
“Term Lender” means a Lender with a Term Commitment or an outstanding Term Loan.
 
“Term Loan” has the meaning specified in Section 2.01(a).
 
“Third Amendment Agreement” has the meaning specified in the preliminary
statement to this Agreement.
 
“Third Restatement Effective Date” has the meaning specified in the Third
Amendment Agreement.
 
“Threshold Amount” means $2,500,000.
 
“Total Primary Revolving Outstandings” means the aggregate Outstanding Amount of
all Committed Primary Revolving Loans, all Swing Line Loans and all L/C
Obligations.
 
“Total Singapore Revolving Outstandings” means the aggregate Outstanding Amount
of all Committed Singapore Revolving Loans.
 
“Transactions” means, collectively, (a) the consummation of the Sonion
Acquisition and the other transactions contemplated by the Sonion Purchase
Agreement, (b) the initial funding of the Loans and the effectiveness of the
Loan Documents (including the Third Amendment Agreement), (c) the issuance of
the Warrants, (d) the consummation of any other transactions in connection with
the foregoing and (e) the payment of the fees and expenses incurred in
connection with any of the foregoing.
 
“Type” means, with respect to a Committed Loan, its character as a Base Rate
Loan or a Eurocurrency Rate Loan.
 
“United States” and “U.S.” mean the United States of America.
 
 
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“Unreimbursed Amount” has the meaning specified in Section 2.03(c)(i).
 
“Unrestricted Cash” means, at any time, cash and cash equivalents owned at such
time by (a) the Company and its wholly-owned Subsidiaries and (b) for so long as
FRE is a Subsidiary of the Company, FRE and its wholly-owned Subsidiaries;
provided that such cash and cash equivalents (i) would not be required to appear
as “restricted” on a consolidated balance sheet of the Company and its
Subsidiaries as of prepared in conformity with GAAP (unless such classification
results from any Lien referred to in the parenthetical set forth in clause (ii)
below) and (ii) are not controlled by or subject to any Lien or other
preferential arrangement in favor of any creditor (including any counterparty
under a Swap Contract) (other than (A) Liens created under the Loan Documents or
Permitted Refinancing Indebtedness Liens and (B) Liens permitted under Section
7.01(c), 7.01(j) or 7.01(o)).
 
“Voting Equity Interests” means Equity Interests issued by a Person the holders
of which are ordinarily, in the absence of contingencies, entitled to vote for
the election of directors (or persons performing similar functions) of such
Person, even if the right so to vote has been suspended by the happening of such
a contingency.
 
“Warrant Agreement” means the Warrant Agreement entered into on or about the
Third Restatement Effective Date by the Company and the Lenders party to the
Third Amendment Agreement (or their designated Affiliates) to which Warrants are
issued in connection with the Third Amendment Agreement.
 
“Warrant Documents” means the Warrants, the Warrant Agreement and the Warrant
Shares Registration Rights Agreement.
 
“Warrant Shares Registration Rights Agreement” means the Warrant Shares
Registration Rights Agreement entered into on or about the Third Restatement
Effective Date by the Company and the Lenders party to the Third Amendment
Agreement (or their designated Affiliates) to which Warrants are issued in
connection with the Third Amendment Agreement.
 
“Warrants” means the warrants to purchase shares of common stock of the Company
issued to the Lenders party to the Third Amendment Agreement (or designated
Affiliates thereof).
 
“wholly-owned”, when used in reference to a Subsidiary of any Person, means any
Subsidiary of such Person all the Equity Interests in which (other than
directors’ qualifying shares and other nominal amounts of Equity Interests that
are required to be held by other Persons under applicable Laws) are owned by
such Person, another wholly-owned Subsidiary of such Person or any combination
thereof.
 
“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a
complete or partial withdrawal from such Multiemployer Plan, as such terms are
defined in Part I of Subtitle E of Title IV of ERISA.
 
“Yen” and “¥” mean the lawful currency of Japan.
 
 
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1.02  Other Interpretive Provisions.  With reference to this Agreement and each
other Loan Document, unless otherwise specified herein or in such other Loan
Document:
 
(a)  The definitions of terms herein shall apply equally to the singular and
plural forms of the terms defined.  Whenever the context may require, any
pronoun shall include the corresponding masculine, feminine and neuter
forms.  The words “include,” “includes” and “including” shall be deemed to be
followed by the phrase “without limitation.”  The word “will” shall be construed
to have the same meaning and effect as the word “shall.”  Unless the context
requires otherwise, (i) any definition of or reference to any agreement,
instrument or other document (including any Organization Document) shall be
construed as referring to such agreement, instrument or other document as from
time to time amended, supplemented or otherwise modified (subject to any
restrictions on such amendments, supplements or modifications set forth herein
or in any other Loan Document), (ii) any reference herein to any Person shall be
construed to include such Person’s successors and assigns, (iii) the words
“herein,” “hereof” and “hereunder,” and words of similar import when used in any
Loan Document, shall be construed to refer to such Loan Document in its entirety
and not to any particular provision thereof, (iv) all references in a Loan
Document to Articles, Sections, Exhibits and Schedules shall be construed to
refer to Articles and Sections of, and Exhibits and Schedules to, the Loan
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 tangible and intangible assets and properties, 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 Loan Documents are included for
convenience of reference only and shall not affect the interpretation of this
Agreement or any other Loan Document
 
(d)  The parties hereto acknowledge and agree that, as of the Second Restatement
Effective Date, the Singapore Revolving Subfacility and the Term Facility have
been extinguished, and all commitments relating thereto and all principal,
interest and fees outstanding thereunder, have been satisfied.  All references
to the Singapore Revolving Subfacility and the Term Facility set forth herein
have been preserved solely to give context to the nature of obligations
heretofore outstanding under, and the related provisions set forth in, the
Original Credit Agreement and the First Restated Credit Agreement.
 
(e)  The parties hereto acknowledge and agree that, as of the Third Restatement
Effective Date, the Swing Line Sublimit has been reduced to zero, and all
obligations of the Swing Line Lender to make a Swing Line Loan have been
extinguished.  All references to the Swing Line Loan and Swing Line Borrowing
set forth herein have been preserved solely to give context to the nature of
obligations heretofore outstanding under, and the related provisions set forth
in, the Original Credit Agreement, the First Restated Credit Agreement and the
Second Restated Credit Agreement.
 
 
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(f)  The parties hereto acknowledge and agree that, as of the Third Restatement
Effective Date, Borrowers shall not make any additional Committed Borrowings,
and all obligations of the Lenders to make additional Committed Primary
Revolving Loans have been extinguished.  All references to Committed Borrowings
set forth herein have been preserved solely to give context to the nature of
obligations heretofore outstanding under, and the related provisions set forth
in, the Original Credit Agreement, the First Restated Credit Agreement and the
Second Restated Credit Agreement.
 
1.03  Accounting Terms.  i)Generally.  Except as otherwise expressly provided
herein, all accounting terms used 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 Agreement shall be
prepared in conformity with, GAAP applied on a consistent basis, as in effect
from time to time.
 
(b)  Changes in GAAP.  If at any time any change in GAAP or in the application
thereof would affect the computation of any financial ratio or requirement set
forth in any Loan Document, and either the Company or the Required Lenders shall
so request, the Administrative Agent, the Lenders and the Company shall
negotiate in good faith to amend such ratio or requirement to preserve the
original intent thereof in light of such change in GAAP or in the application
thereof (subject to the approval of the Required Lenders); provided that, until
so amended, (i) such ratio or requirement shall continue to be computed in
accordance with GAAP as in effect and applied immediately prior to such change
therein and (ii) the Company shall provide to the Administrative Agent financial
statements and other documents required under this Agreement or as reasonably
requested hereunder setting forth a reconciliation between calculations of such
ratio or requirement made before and after giving effect to such change in GAAP
or in the application thereof.
 
(c)  Consolidation of Variable Interest Entities.  All references herein to
consolidated financial statements of the Company and its Subsidiaries or to the
determination of any amount for the Company and its Subsidiaries on a
consolidated basis or any similar reference shall, in each case, be deemed to
include each variable interest entity that the Company is required to
consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable
Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such
variable interest entity were a Subsidiary as defined herein.
 
1.04  Exchange Rates; Currency Equivalents.  i)The Applicable Agent shall
determine the Dollar Equivalent of any Committed Borrowing denominated in an
Alternative Currency on or about the date of receipt by such Applicable Agent of
a Committed Loan Notice requesting such Committed Borrowing or continuation
thereof, using the Spot Rate for such currency in effect on the date of
determination, and each such amount shall be the Dollar Equivalent of such
Committed Borrowing until the next calculation thereof pursuant to this Section
1.04.  The Administrative Agent shall determine the Dollar Equivalent of any
Letter of Credit denominated in an Alternative Currency (i) on or about the date
of receipt by the Administrative Agent of the Letter of Credit Application for
any L/C Credit Extension with respect to such Letter of Credit and (ii) as of
the last Business Day of each subsequent calendar quarter, in each case using
the Spot Rate for such currency in effect on the date of determination, and each
such amount shall be the Dollar Equivalent of such Letter of Credit until the
next calculation thereof pursuant to this Section 1.04.
 
 
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(b)  The Applicable Agent may also determine the Dollar Equivalent of any
Committed Borrowings or Letters of Credit denominated in an Alternative Currency
as of such other dates as such Applicable Agent shall determine, in each case
using the Spot Rate for such currency in effect as of a date on or about the
date on which such determination is to be made, and each such amount shall be
the Dollar Equivalent of such Committed Borrowing or Letter of Credit until the
next calculation thereof pursuant to this Section 1.04.
 
(c)  For purposes of Section 7.11 and the related definitions, amounts in
currencies other than Dollars shall be translated into Dollars at the currency
exchange rates most recently used in preparing the Company’s annual or quarterly
financial statements.
 
1.05  Letter of Credit Amounts.  Unless otherwise specified herein, the amount
of a Letter of Credit or L/C Obligation at any time shall be deemed to be the
Dollar Equivalent of the stated amount of such Letter of Credit in effect at
such time or of the amount of such L/C Obligation, as the case may be; provided,
however, that with respect to any Letter of Credit that, by its terms or the
terms of any Issuer Document related thereto, provides for one or more automatic
increases in the stated amount thereof, the amount of such Letter of Credit
shall be deemed to be the Dollar Equivalent of the maximum stated amount of such
Letter of Credit after giving effect to all such increases, whether or not such
maximum stated amount is in effect at such time.
 
1.06  Effectuation of Transactions.  All references herein to the Company and
its Subsidiaries shall be deemed to be references to such Persons, and all the
representations and warranties of the Company and the other Loan Parties
contained in this Agreement and the other Loan Documents shall be deemed made,
in each case, after giving effect to the Sonion Acquisition and the other
Transactions to occur on the Closing Date, unless the context otherwise
requires.
 
1.07  Status of Loan Documents Obligations.  In the event that any Loan Party
shall at any time issue or have outstanding any Subordinated Indebtedness, the
Company shall take or cause such Subsidiary to take all such actions as shall be
reasonably necessary to cause the Loan Documents Obligations to constitute
senior indebtedness (however denominated) in respect of such Subordinated
Indebtedness and to enable the Lenders to have and exercise any payment blockage
or other remedies available or potentially available to holders of senior
indebtedness under the terms of such Subordinated Indebtedness.  Without
limiting the foregoing, the Loan Documents Obligations are hereby designated as
“senior indebtedness” and as “designated senior indebtedness” under and in
respect of any indenture or other agreement or instrument under which such other
Subordinated Indebtedness is outstanding and are further given all such other
designations as shall be required under the terms of any such Subordinated
Indebtedness in order that the Lenders may have and exercise any payment
blockage or other remedies available or potentially available to holders of
senior indebtedness under the terms of such Subordinated Indebtedness.
 
 
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1.08  Additional Alternative Currencies.  The Company may from time to time
request that Committed Revolving Loans be made in a currency (other than
Dollars) other than those specifically referred to in the definition of the term
“Alternative Currency”, provided that such requested currency is a lawful
currency (a) that is readily available and freely transferable and convertible
into Dollars and (b) in which dealings in deposits are carried on in the London
interbank market.  Any such request shall be made by written notice to the
Administrative Agent, which shall provide prompt notice thereof to the other
Agents and to Revolving Lenders of the applicable Class.  In the case of any
such request with respect to (i) Committed Primary Revolving Loans or Letters of
Credit, such request shall be subject to the prior written consent of the
Administrative Agent and each Primary Revolving Lender, and (ii) Committed
Singapore Revolving Loans, such request shall be subject to the prior written
consent of the Administrative Agent and each Singapore Revolving
Lender.  Following the effectiveness of any approval referred to above with
respect to Committed Revolving Loans of any Class or Letters of Credit, the term
“Alternative Currency”, when used in reference to Committed Revolving Loans of
such Class or to Letters of Credit, as the case may be, shall be deemed to
include the requested currency so approved.
 
1.09  Concerning Excluded Subsidiaries.  The Company may request that all (but
not less than all) of the Excluded Subsidiaries cease to be treated as Excluded
Subsidiaries for all purposes of this Agreement and the other Loan Documents
(such event being referred to herein as the “Excluded Subsidiaries
Redesignation”).  Such request shall be made by written notice to the
Administrative Agent, specifying the requested date of effectiveness of the
Excluded Subsidiaries Redesignation (the “Redesignation Effective Date”).  The
Excluded Subsidiaries Redesignation shall become effective on the Redesignation
Effective Date, provided that (a) no Default or Event of Default is in existence
on such date or would exist after giving effect to the Excluded Subsidiaries
Redesignation, (b) after giving effect to the Excluded Subsidiaries
Redesignation, the representations and warranties of the Loan Parties contained
in the Loan Documents shall be true and correct in all material respects on and
as of the Redesignation 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 Section 1.09 the representations and
warranties contained in Sections 5.05(a) and 5.05(b) (except with respect to the
representation and warranty set forth in Section 5.05(a)(iv)) shall be deemed to
refer to the most recent financial statements furnished pursuant to Section
6.01(a) or 6.01(b), respectively, and (c) the Company shall have delivered to
the Administrative Agent a certificate, dated as of the Redesignation Effective
Date and signed by the chief executive officer, chief financial officer,
controller, director of treasury or treasurer of the Company, certifying that
all of the foregoing requirements set forth in this Section 1.09 have been
satisfied.
 
ARTICLE II.
 
THE COMMITMENTS AND CREDIT EXTENSIONS
 
2.01  Committed Loans.  i)Term Loans.  Subject to the terms and conditions set
forth herein, each Term Lender severally agrees to make on the Closing Date a
single loan to the Term Borrower (each such loan, a “Term Loan”) in Dollars in a
principal amount not to exceed such Lender’s Term Commitment.  Amounts borrowed
under this Section 2.01(a) and repaid or prepaid may not be reborrowed.  Term
Loans shall be Eurocurrency Rate Loans.
 
 
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(b)  Committed Primary Revolving Loans.  Subject to the terms and conditions set
forth herein, each Primary Revolving Lender severally agrees to make, from time
to time on any Business Day during the Revolving Availability Period, loans
(each such loan, a “Committed Primary Revolving Loan”) to the Domestic Borrowers
in Dollars and to all other Primary Revolving Borrowers in Dollars or in any
Alternative Currency, in an aggregate principal amount the Dollar Equivalent of
which does not exceed at any time outstanding the amount of such Lender’s
Primary Revolving Commitment; provided, however, that after giving effect to any
Committed Borrowing under this Section 2.01(b), (i) the Total Primary Revolving
Outstandings shall not exceed the lesser of (A) the Aggregate Primary Revolving
Commitments and (B) the Borrowing Base, (ii) such Lender’s Applicable Primary
Revolving Percentage of the Total Primary Revolving Outstandings shall not
exceed the lesser of (A) such Lender’s Primary Revolving Commitment and (B) such
Lender’s Applicable Primary Revolving Percentage of the Borrowing Base, and
(iii) the Total Primary Revolving Outstandings with respect to Domestic
Borrowers shall not exceed the Domestic Borrowing Sublimit.  Within the
foregoing limits, and subject to the other terms and conditions hereof, the
Primary Revolving Borrowers may borrow under this Section 2.01(b), prepay under
Section 2.05, and reborrow under this Section 2.01(b).  Committed Primary
Revolving Loans shall be (A) in the case of Committed Primary Revolving Loans
that are Dollar Domestic Loans, Base Rate Loans or Eurocurrency Rate Loans, as
further provided herein, and (B) otherwise, Eurocurrency Rate Loans.
 
(c)  Committed Singapore Revolving Loans.  Subject to the terms and conditions
set forth herein, each Singapore Revolving Lender severally agrees to make, from
time to time on any Business Day during the Revolving Availability Period, loans
(each such loan, a “Committed Singapore Revolving Loan”) to the Singapore
Revolving Borrowers in Dollars or in any Alternative Currency in an aggregate
principal amount the Dollar Equivalent of which does not exceed at any time
outstanding the amount of such Lender’s Singapore Revolving Commitment;
provided, however, that after giving effect to any Committed Borrowing under
this Section 2.01(c), (i) the Total Singapore Revolving Outstandings shall not
exceed the Aggregate Singapore Revolving Commitments and (ii) such Lender’s
Applicable Singapore Revolving Percentage of the Total Singapore Revolving
Outstandings shall not exceed such Lender’s Singapore Revolving
Commitment.  Within the foregoing limits, and subject to the other terms and
conditions hereof, the Singapore Revolving Borrowers may borrow under this
Section 2.01(c), prepay under Section 2.05, and reborrow under this Section
2.01(c).  Committed Singapore Revolving Loans shall be Eurocurrency Rate Loans.
 
(d)  No Additional Loans After Third Restatement Effective Date.  Reference is
made to Sections 1.02(d), (e) and (f) regarding the termination of the
obligations of the Lenders to make Loans.
 
2.02  Borrowings, Conversions and Continuations of Committed Loans.
 
 
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i)Each Committed Borrowing, each conversion of Committed Primary Revolving Loans
that are Dollar Domestic Loans from one Type to the other, and each continuation
of Eurocurrency Rate Loans shall be made upon the Company’s irrevocable notice
to the Applicable Agent.  Each such notice must be received by the Applicable
Agent not later than 11:00 a.m., Specified Time, (i) in the case of notices
under the Singapore Revolving Subfacility, four Business Days prior to the
requested date of any Committed Borrowing thereunder or any continuation of
Eurocurrency Rate Loans made thereunder and (ii) otherwise, (A) four Business
Days prior to the requested date of any Committed Borrowing of, conversion to or
continuation of Eurocurrency Rate Loans made to a Foreign Borrower, (B) three
Business Days prior to the requested date of any Committed Borrowing of,
conversion to or continuation of Eurocurrency Rate Loans made to a Domestic
Borrower and (C) in the case of Committed Primary Revolving Loans that are
Dollar Domestic Loans, on the requested date of any Committed Borrowing of or
conversion to Base Rate Loans.  Each such notice by the Company shall be made by
delivery to the Applicable Agent of a written Committed Loan Notice,
appropriately completed and signed by a Responsible Officer of the
Company.  Subject to subsection (e) below, each Committed Borrowing of,
conversion to or continuation of Eurocurrency Rate Loans shall be in a principal
amount of the Eurocurrency Borrowing Minimum or a whole multiple of the
Eurocurrency Borrowing Multiple in excess thereof, provided that a Committed
Borrowing resulting from a continuation of another Committed Borrowing may be in
an aggregate amount of such other Committed Borrowing.  Each Committed Borrowing
of or conversion to Base Rate Loans shall be in a principal amount of $500,000
or a whole multiple of $100,000 in excess thereof, provided that any such
Committed Borrowing requested to finance the reimbursement of an L/C
Disbursement may be in an aggregate amount sufficient to finance such
reimbursement.  Each Committed Loan Notice (whether telephonic or written) shall
specify (i) whether the request is being made (A) for a Committed Borrowing, (B)
in the case of Committed Primary Revolving Loans that are Dollar Domestic Loans,
a conversion of such Loans from one Type to the other, or (C) a continuation of
Eurocurrency Rate Loans, (ii) the requested date of any such Committed
Borrowing, conversion or continuation (which shall be a Business Day), (iii) in
the case of a request for a Committed Borrowing, the Borrower with respect to
which such request is being made, whether such Committed Borrowing is requested
to be comprised of Term Loans, Committed Primary Revolving Loans or Committed
Singapore Revolving Loans and the currency thereof, (iv) in the case of a
request for any such conversion or continuation, the Committed Borrowing with
respect to which such request is being made, (v) the principal amount of
Committed Loans to be borrowed, converted or continued, (vi) in the case of
Committed Primary Revolving Loans that are Dollar Domestic Loans, the Type of
Committed Loans to be borrowed or to which existing Committed Loans are to be
converted and (vii) in the case of a request for a Committed Borrowing
consisting of Eurocurrency Rate Loans, or of a conversion of existing Committed
Loans to, or a continuation as, Eurocurrency Rate Loans, the duration of the
Interest Period with respect thereto.  If the Committed Loan Notice requesting a
Committed Borrowing fails to specify the requested currency thereof, then the
Committed Loans so requested shall be made in Dollars.  In the case of Committed
Loan Notices requesting Committed Borrowings of Dollar Domestic Loans, if such
Committed Loan Notice fails to specify the Type of the requested Loans, then the
requested Loans shall be made as Base Rate Loans.  In the case of any
Eurocurrency Rate Loan, if, prior to the end of the Interest Period applicable
thereto, the Company fails to give a timely notice of continuation thereof as a
Eurocurrency Rate Loan, then such Eurocurrency Rate Loan shall (A) in the case
of Eurocurrency Rate Loans that are Dollar Domestic Loans, automatically be
converted into a Base Rate Loan and (B) otherwise, automatically be continued as
a Eurocurrency Rate Loan in its original currency with an Interest Period of one
month, such conversion or continuation to be effective as of the last day of the
Interest Period then in effect with respect to such Eurocurrency Rate Loan.  If
the Company requests a Committed Borrowing of, conversion to, or continuation of
Eurocurrency Rate Loans in any such Committed Loan Notice, but fails to specify
an Interest Period, it will be deemed to have specified an Interest Period of
one month.  No Committed Loan may be converted into or continued as a Committed
Loan denominated in a different currency, but instead must be prepaid in the
original currency of such Committed Loan and reborrowed in the other currency.
 
 
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(b)  Following receipt of a written Committed Loan Notice requesting a Committed
Borrowing, the Applicable Agent shall promptly notify each applicable Lender of
the details thereof and of such Lender’s Share of the requested Committed
Borrowing.  Each applicable Lender shall make the amount of its Committed Loan
available to the Applicable Agent in Same Day Funds at the Agent’s Office not
later than 3:00 p.m., Specified Time, on the Business Day specified in the
applicable Committed Loan Notice.  The Applicable Agent shall make all funds so
received by it available to the applicable Borrower in like funds as received by
such Agent by transfer to an account designated by such Borrower in a notice
provided to (and reasonably acceptable to) such Agent.
 
(c)  Except as otherwise provided herein, a Eurocurrency Rate Loan may be
continued or converted only on the last day of an Interest Period for such
Eurocurrency Rate Loan.  During the existence of an Event of Default, (i) no
Committed Primary Revolving Loans that are Dollar Domestic Loans may be
converted to or continued as Eurocurrency Rate Loans without the consent of the
Required Primary Revolving Lenders and (ii) no Committed Loans of any Class
denominated in any Alternative Currency may be continued as Eurocurrency Rate
Loans with an Interest Period of longer than one month without the consent of
the Lenders holding a majority in interest of the Committed Loans of such Class.
 
(d)  After giving effect to all Committed Borrowings, all conversions of
Committed Loans from one Type to the other, and all continuations of Committed
Loans as the same Type, there shall not be more than ten Interest Periods in
effect with respect to Committed Loans.
 
(e)  Notwithstanding anything to the contrary in this Section 2.02, the Company
shall not request any Committed Borrowing that would result in a Committed
Primary Revolving Loan in a principal amount less than €50,000 being made to any
Dutch Borrower unless the Lender making such Loan shall theretofore have made a
Committed Primary Revolving Loan to a Borrower in a principal amount not less
than €50,000.
 
2.03  Letters of Credit.  i)The Letter of Credit Commitment.  (a)Subject to the
terms and conditions set forth herein, (A) each L/C Issuer agrees, in reliance
upon the agreements of the Primary Revolving Lenders set forth in this Section
2.03, (1) from time to time on any Business Day during the period from the
Closing Date until the Letter of Credit Expiration Date to issue Letters of
Credit denominated in Dollars for the account of any Domestic Borrower or in
Dollars or in any Alternative Currency for the account of any other Primary
Revolving Borrower, and to amend Letters of Credit previously issued by it, in
accordance with subsection (b) below, and (2) to honor drawings under the
Letters of Credit; and (B) the Primary Revolving Lenders severally agree to
participate in Letters of Credit issued for the account of the Primary Revolving
Borrowers and any L/C Disbursements thereunder; provided that after giving
effect to any L/C Credit Extension with respect to any Letter of Credit, (w) the
Total Primary Revolving Outstandings shall not exceed the Aggregate Primary
Revolving Commitments,
 
 
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(x) any Primary Revolving Lender’s Applicable Primary Revolving Percentage of
the Total Primary Revolving Outstandings shall not exceed such Lender’s Primary
Revolving Commitment, (y) the Total Primary Revolving Outstandings with respect
to Domestic Borrowers shall not exceed the Domestic Borrowing Sublimit and (z)
the Outstanding Amount of the L/C Obligations shall not exceed the Letter of
Credit Sublimit.  Each request by the Company for the issuance or amendment of a
Letter of Credit for the account of any Primary Revolving Borrower shall be
deemed to be a representation by the Company and such Primary Revolving Borrower
that the L/C Credit Extension so requested complies with the conditions set
forth in the proviso to the preceding sentence.  Within the foregoing limits,
and subject to the terms and conditions hereof, the Primary Revolving Borrowers’
ability to obtain Letters of Credit shall be fully revolving, and accordingly
the Primary Revolving Borrowers may obtain Letters of Credit to replace Letters
of Credit that have expired or that have been drawn upon and reimbursed.  All
Existing Letters of Credit shall be deemed to have been issued pursuant hereto,
and from and after the Closing Date shall be subject to and governed by the
terms and conditions hereof.
 
(ii)  An L/C Issuer shall not issue any Letter of Credit, if:
 
(A)  subject to Section 2.03(b)(iii), the expiry date of such requested Letter
of Credit would occur more than 12 months after the date of issuance thereof,
unless the Required Primary Revolving Lenders have approved such expiry date; or
 
(B)  the expiry date of such requested Letter of Credit would occur after the
Letter of Credit Expiration Date, unless (1) all the Primary Revolving Lenders
have approved such expiry date or (2) such Letter of Credit is an Extended
Letter of Credit.
 
(iii)  An L/C Issuer shall not be under any obligation to issue any Letter of
Credit if:
 
(A)  any order, judgment or decree of any Governmental Authority or arbitrator
shall by its terms purport to enjoin or restrain such L/C Issuer from issuing
such Letter of Credit, or any Law applicable to such L/C Issuer or any request
or directive (whether or not having the force of law) from any Governmental
Authority with jurisdiction over such L/C Issuer shall prohibit, or request that
such L/C Issuer refrain from, the issuance of letters of credit generally or
such Letter of Credit in particular or shall impose upon such L/C Issuer with
respect to such Letter of Credit any restriction, reserve or capital requirement
(for which such L/C Issuer is not otherwise compensated hereunder) not in effect
on the Closing Date, or shall impose upon such L/C Issuer any unreimbursed loss,
cost or expense which was not applicable on the Closing Date and which such L/C
Issuer in good faith deems material to it, and such L/C Issuer shall have
notified the Company of the occurrence of any of the foregoing;
 
(B)  such Letter of Credit is to be denominated in a currency other than Dollars
or, in the case of any Letter of Credit issued for the account of any Primary
Revolving Borrower that is not a Domestic Borrower, Euros (or any other
Alternative Currency in which such L/C Issuer shall have agreed to issue Letters
of Credit);
 
 
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(C)  except as otherwise agreed by the Administrative Agent and such L/C Issuer,
such Letter of Credit is in an initial stated amount of less than the Dollar
Equivalent of $500,000;
 
(D)  such Letter of Credit contains any provisions for automatic reinstatement
of the stated amount after any drawing thereunder; or
 
(E)  a default of any Primary Revolving Lender’s obligations to fund under
Section 2.03(c) exists or any Primary Revolving Lender is at such time a
Defaulting Lender hereunder, unless such L/C Issuer has entered into
satisfactory arrangements with the Company or such Primary Revolving Lender to
eliminate such L/C Issuer’s risk with respect to such Primary Revolving Lender.
 
(iv)  An L/C Issuer shall not amend any Letter of Credit if such L/C Issuer
would not be permitted at such time to issue such Letter of Credit in its
amended form under the terms hereof.
 
(v)  An L/C Issuer shall be under no obligation to amend any Letter of Credit if
(A) such L/C Issuer would have no obligation at such time to issue such Letter
of Credit in its amended form under the terms hereof, or (B) the beneficiary of
such Letter of Credit does not accept the proposed amendment to such Letter of
Credit.
 
(vi)  Each L/C Issuer shall act on behalf of the Primary Revolving Lenders with
respect to any Letters of Credit issued by it and the documents associated
therewith, and each L/C Issuer shall have all of the benefits and immunities (A)
provided to the Administrative Agent in Article IX with respect to any acts
taken or omissions suffered by such L/C Issuer in connection with Letters of
Credit issued by it or proposed to be issued by it and Issuer Documents
pertaining to such Letters of Credit as fully as if the term “Administrative
Agent” as used in Article IX included such L/C Issuer with respect to such acts
or omissions and (B) as additionally provided herein with respect to such L/C
Issuer.
 
(b)  Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension
Letters of Credit.
 
(i)  Each Letter of Credit shall be issued or amended, as the case may be, upon
the request of the Company delivered to the applicable L/C Issuer (with a copy
to the Administrative Agent) in the form of a Letter of Credit Application,
appropriately completed and signed by a Responsible Officer of the
Company.  Such Letter of Credit Application must be received by such L/C Issuer
and the Administrative Agent not later than 11:00 a.m., Specified Time, at least
two Business Days (or such later date and time as the Administrative Agent and
such L/C Issuer may agree in a particular instance in their sole discretion)
prior to the requested date of issuance or amendment, as the case may be.  In
the case of a request for an initial issuance of a Letter of Credit, such Letter
of Credit Application shall specify, in form and detail satisfactory to the
applicable L/C Issuer,
 
 
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(A) the requested date of issuance of the requested Letter of Credit (which
shall be a Business Day), (B) the Primary Revolving Borrower for whose account
such Letter of Credit is to be issued, (C) the amount and currency thereof, (D)
the expiry date thereof, (E) the name and address of the beneficiary thereof,
(F) the documents to be presented by such beneficiary in case of any drawing
thereunder, (G) the full text of any certificate to be presented by such
beneficiary in case of any drawing thereunder, and (H) such other matters as
such L/C Issuer may reasonably require.  In the case of a request for an
amendment of any outstanding Letter of Credit, such Letter of Credit Application
shall specify, in form and detail satisfactory to the applicable L/C Issuer, (1)
the Letter of Credit to be amended, (2) the proposed date of amendment thereof
(which shall be a Business Day), (3) the nature of the proposed amendment and
(4) such other matters as such L/C Issuer may reasonably require.  Additionally,
the Company shall furnish to the applicable L/C Issuer and the Administrative
Agent such other documents and information pertaining to such requested issuance
or amendment of a Letter of Credit, including any Issuer Documents, as such L/C
Issuer or the Administrative Agent may reasonably require.
 
(ii)  Promptly after receipt of any Letter of Credit Application, the applicable
L/C Issuer will confirm with the Administrative Agent (by telephone or in
writing) that the Administrative Agent has received a copy of such Letter of
Credit Application and, if not, such L/C Issuer will provide the Administrative
Agent with a copy thereof.  On the requested date of issuance or amendment of
the applicable Letter of Credit, such L/C Issuer shall issue a Letter of Credit
for the account of the applicable Primary Revolving Borrower or enter into the
applicable amendment, as the case may be, in each case in accordance with such
L/C Issuer’s usual and customary business practices; provided, however, that no
L/C Issuer shall make any L/C Credit Extension hereunder without first obtaining
written confirmation from the Administrative Agent that such L/C Credit
Extension would comply with the conditions set forth in the proviso set forth in
Section 2.03(a)(i).  Immediately upon the issuance of each Letter of Credit (or
an amendment to a Letter of Credit increasing the amount thereof), each Primary
Revolving Lender shall be deemed to, without any further action on the part of
the applicable L/C Issuer or any Primary Revolving Lender, to have acquired from
the applicable L/C Issuer a risk participation in such Letter of Credit in an
amount equal to the product of such Primary Revolving Lender’s Applicable
Primary Revolving Percentage times the amount of such Letter of Credit, and, in
consideration of the foregoing, irrevocably and unconditionally agrees to fund
such participation in accordance with this Section 2.03.
 
(iii)  If the Company so requests in any applicable Letter of Credit
Application, any L/C Issuer may, in its sole and absolute discretion, agree to
issue a Letter of Credit (each such Letter of Credit being referred to as an
“Auto-Extension Letter of Credit”) that contains automatic extension provisions
pursuant to which the expiry date of such Letter of Credit shall automatically
be extended for a period of up to 12 months (but not, except as provided in
Section 2.03(a)(ii)(B), beyond the Letter of Credit Expiration Date); provided
that any such Auto-Extension Letter of Credit must permit such L/C Issuer to
prevent any such extension by giving notice to such effect (a “Non-Extension
Notice”) to the beneficiary thereof prior to the then-applicable expiry
date.  Unless otherwise directed by the applicable L/C Issuer, neither the
Company nor any other Primary Revolving Borrower shall be required to make a
specific request to such L/C Issuer for any such extension.  Subject to Section
2.03(a)(ii)(B), once an Auto-Extension Letter of Credit has been issued, the
Primary Revolving Lenders shall be deemed to have authorized (but may not
require) the applicable L/C Issuer to permit the extension of such Letter of
Credit.
 
 
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(iv)  Promptly after its delivery of any Letter of Credit or any amendment to a
Letter of Credit to an advising bank with respect thereto or to the beneficiary
thereof, the applicable L/C Issuer will also deliver to the Company and the
Administrative Agent a true and complete copy of such Letter of Credit or
amendment.
 
(c)  Drawings and Reimbursements; Funding of Participations.
 
(i)  Upon receipt from the beneficiary of any Letter of Credit of any notice of
a drawing under such Letter of Credit, the applicable L/C Issuer shall notify
the Company and the Administrative Agent thereof and whether such L/C Issuer has
made or will make a payment thereunder (any such payment being referred to as an
“L/C Disbursement”, and the date of any such payment being referred to as the
“Honor Date” thereof); provided, that any failure to give or delay in giving
such notice shall not relieve the applicable Primary Revolving Borrower of its
obligation to reimburse such L/C Issuer and the Primary Revolving Lenders, as
applicable, with respect to any such L/C Disbursement.  If an L/C Issuer shall
make any L/C Disbursement, the applicable Primary Revolving Borrower shall
reimburse such L/C Issuer by paying to the Administrative Agent, for account of
such L/C Issuer, an amount equal to the amount of such L/C Disbursement, in the
currency thereof, not later than 2:00 p.m., Specified Time, on the Business Day
immediately following the day on which the Company receives notice of such L/C
Disbursement (or, if the Company shall have received notice of such L/C
Disbursement on a day that is not a Business Day, the second Business Day
immediately following such day).  If such Primary Revolving Borrower fails so to
reimburse such L/C Issuer for such L/C Disbursement, such L/C Issuer shall
promptly notify the Administrative Agent thereof, and, upon receipt of such
notice, the Administrative Agent shall promptly notify each Primary Revolving
Lender of the Honor Date of such L/C disbursement, the unreimbursed amount and
currency thereof (the “Unreimbursed Amount”) and the amount of such Lender’s
Applicable Primary Revolving Percentage of the Unreimbursed Amount.  Any notice
given by any L/C Issuer or the Administrative Agent pursuant to this Section
2.03(c)(i) may be given by telephone if promptly confirmed in writing; provided
that the lack of such a confirmation shall not affect the conclusiveness or
binding effect of such notice.
 
(ii)  Each Primary Revolving Lender shall, upon receipt of any notice pursuant
to Section 2.03(c)(i), make funds available to the Administrative Agent for the
account of the applicable L/C Issuer, at the Agent’s Office, in an amount and
currency equal to its Applicable Primary Revolving Percentage of the
Unreimbursed Amount not later than 2:00 p.m., Specified Time, on the Business
Day specified in such notice by the Administrative Agent.  The Administrative
Agent shall remit the funds so received to the applicable L/C Issuer.  The
making of any L/C Advance shall not relieve or otherwise impair the obligation
of the applicable Primary Revolving Borrower to reimburse each L/C Issuer for
any L/C Disbursement made by such L/C Issuer, together with interest as provided
herein.
 
 
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(iii)  If any L/C Issuer shall make any L/C Disbursement, then, unless the
applicable Primary Revolving Borrower shall reimburse such L/C Disbursement in
full on the Honor Date thereof, the unpaid amount thereof shall bear interest,
for each day from and including the Honor Date to the date of reimbursement
thereof, at the Default Rate.  Interest accrued pursuant to this subsection
shall be for the account of the applicable L/C Issuer, except that interest
accrued on and after the date of payment by any Primary Revolving Lender of its
L/C Advance shall be for the account of such Primary Revolving Lender to the
extent of such L/C Advance, and shall be payable on demand or, if no demand has
been made, on the date on which the applicable Primary Revolving Borrower
reimburses such L/C Disbursement in full.
 
(iv)  Each Primary Revolving Lender’s obligation to make L/C Advances to
reimburse each L/C Issuer for L/C Disbursements as contemplated by this Section
2.03(c) shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or
other right which such Primary Revolving Lender may have against such L/C
Issuer, the Company, any Subsidiary or any other Person for any reason
whatsoever, (B) the occurrence or continuance of a Default or (C) any other
occurrence, event or condition, whether or not similar to any of the foregoing;
provided, however, that, notwithstanding the foregoing or anything else to the
contrary set forth herein, no Primary Revolving Lender (1) shall have any
obligation to make any L/C Advance to reimburse any L/C Issuer for any L/C
Disbursement made under any Extended Letter of Credit after the Letter of Credit
Expiration Date and (2) shall otherwise be deemed to have any risk participation
in any Extended Letter of Credit after the Letter of Credit Expiration Date,
except to the extent of any L/C Disbursements made under any Extended Letter of
Credit prior to the Letter of Credit Expiration Date.  The foregoing shall not
affect the right of any L/C Issuer that shall have issued an Extended Letter of
Credit to seek reimbursement for any L/C Disbursement made thereunder from the
applicable Primary Revolving Borrower or from the Designated Cash Collateral
therefor.
 
(v)  If any Primary Revolving Lender fails to make available to the
Administrative Agent for the account of any L/C Issuer any amount required to be
paid by such Primary Revolving Lender pursuant to the foregoing provisions of
this Section 2.03(c) by the time specified in Section 2.03(c)(ii), such L/C
Issuer shall be entitled to recover from such Primary Revolving Lender (acting
through the Administrative Agent), on demand, such amount with interest thereon
for the period from the date such payment is required to the date on which such
payment is immediately available to such L/C Issuer at a rate per annum equal to
the applicable Overnight Rate from time to time in effect.  A certificate of the
applicable L/C Issuer submitted to any Primary Revolving Lender (through the
Administrative Agent) with respect to any amounts owing under this clause (v)
shall be conclusive absent manifest error.
 
 
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(d)  Repayment of Participations.
 
(i)  At any time after any L/C Issuer has made an L/C Disbursement and has
received from any Primary Revolving Lender such Primary Revolving Lender’s L/C
Advance in respect thereof in accordance with Section 2.03(c), if the
Administrative Agent receives for the account of such L/C Issuer any payment in
respect of such L/C Disbursement or interest thereon (whether directly from the
Company or otherwise, including proceeds of Cash Collateral applied thereto by
the Administrative Agent), the Administrative Agent will distribute to such
Primary Revolving Lender its Applicable Primary Revolving Percentage thereof
(appropriately adjusted, in the case of interest payments, to reflect the period
of time during which such Primary Revolving Lender’s L/C Advance was
outstanding) in the same currency and funds as those received by the
Administrative Agent.
 
(ii)  If any payment received by the Administrative Agent for the account of any
L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any
of the circumstances described in Section 10.05 (including pursuant to any
settlement entered into by such L/C Issuer in its discretion), each Primary
Revolving Lender shall pay to the Administrative Agent for the account of such
L/C Issuer its Applicable Primary Revolving Percentage thereof on demand of the
Administrative Agent, plus interest thereon from the date of such demand to the
date such amount is returned by such Primary Revolving Lender, at a rate per
annum equal to the applicable Overnight Rate from time to time in effect.  The
obligations of the Primary Revolving Lenders under this clause shall survive the
payment in full of the Loan Documents Obligations and the termination of this
Agreement.
 
(e)  Obligations Absolute. The obligation of each Primary Revolving Borrower to
reimburse each L/C Issuer for each L/C Disbursement shall be absolute,
unconditional and irrevocable, and shall be paid strictly in accordance with the
terms of this Agreement under all circumstances, including the following:
 
(i)  any lack of validity or enforceability of such Letter of Credit, this
Agreement, or any other Loan Document;
 
(ii)  the existence of any claim, counterclaim, setoff, defense or other right
that the Company or any Subsidiary may have at any time against any beneficiary
or any transferee of such Letter of Credit (or any Person for whom any such
beneficiary or any such transferee may be acting), any L/C Issuer or any other
Person, whether in connection with this Agreement, the transactions contemplated
hereby or by such Letter of Credit or any agreement or instrument relating
thereto, or any unrelated transaction;
 
(iii)  any draft, demand, certificate or other document presented under such
Letter of Credit proving to be forged, fraudulent, invalid or insufficient in
any respect or any statement therein being untrue or inaccurate in any respect;
or any loss or delay in the transmission or otherwise of any document required
in order to make a drawing under such Letter of Credit;
 
 
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(iv)  any payment by such L/C Issuer under such Letter of Credit against
presentation of a draft or certificate that does not strictly comply with the
terms of such Letter of Credit; or any payment made by such L/C Issuer under
such Letter of Credit to any Person purporting to be a trustee in bankruptcy,
debtor-in-possession, assignee for the benefit of creditors, liquidator,
receiver or other representative of or successor to any beneficiary or any
transferee of such Letter of Credit, including any arising in connection with
any proceeding under any Debtor Relief Law;
 
(v)  any adverse change in the relevant exchange rates or in the availability of
any Alternative Currency to the Company or any Subsidiary or in the relevant
currency markets generally; or
 
(vi)  any other circumstance or happening whatsoever, whether or not similar to
any of the foregoing, including any other circumstance that might otherwise
constitute a defense available to, or a discharge of, the Company or any
Subsidiary.
 
The Company shall promptly examine a copy of each Letter of Credit and each
amendment thereto that is delivered to it and, in the event of any claim of
noncompliance with the Company’s instructions or other irregularity, the Company
will immediately notify the applicable L/C Issuer.  The Company and each other
Primary Revolving Borrower shall be conclusively deemed to have waived any such
claim against the applicable L/C Issuer and its correspondents unless such
notice is given as aforesaid.
 
(f)  Role of L/C Issuer. Each Lender and each Primary Revolving Borrower agree
that, in paying any drawing under a Letter of Credit, no L/C Issuer shall have
any responsibility to obtain any document (other than any sight draft,
certificates and documents expressly required by the Letter of Credit) or to
ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document.  None of the
L/C Issuers, the Agents, any of their respective Related Parties or any
correspondent, participant or assignee of any L/C Issuer shall be liable to any
Lender for (i) any action taken or omitted in connection herewith at the request
or with the approval of the Primary Revolving Lenders, the Required Primary
Revolving Lenders or the Required Lenders, as applicable; (ii) any action taken
or omitted in the absence of gross negligence or willful misconduct; or (iii)
the due execution, effectiveness, validity or enforceability of any document or
instrument related to any Letter of Credit or Issuer Document.  Each Primary
Revolving Borrower hereby assumes all risks of the acts or omissions of any
beneficiary or transferee with respect to its use of any Letter of Credit;
provided, however, that this assumption is not intended to, and shall not,
preclude any Primary Revolving Borrower from pursuing such rights and remedies
as it may have against the beneficiary or transferee at law or under any other
agreement.  None of the L/C Issuers, the Agents, any of their respective Related
Parties or any correspondent, participant or assignee of any L/C Issuer shall be
liable or responsible for any of the matters described in clauses (i) through
(v) of Section 2.03(e); provided, however, that anything in such clauses to the
contrary notwithstanding, a Primary Revolving Borrower may have a claim against
an L/C Issuer, and such L/C Issuer may be liable to such Primary Revolving
Borrower, to the extent, but only to the extent, of any direct, as opposed to
consequential or exemplary, damages suffered by such Primary Revolving Borrower
and which such Primary Revolving Borrower proves were caused by such L/C
Issuer’s willful misconduct or gross negligence or such L/C Issuer’s willful
failure to pay under any Letter of Credit after the presentation to it by the
beneficiary of a sight draft and certificate(s) strictly complying with the
terms and conditions of such Letter of Credit.  In furtherance and not in
limitation of the foregoing, any L/C Issuer may accept documents that appear on
their face to be in order, without responsibility for further investigation,
regardless of any notice or information to the contrary, and no L/C Issuer shall
be responsible for the validity or sufficiency of any instrument transferring or
assigning or purporting to transfer or assign a Letter of Credit or the rights
or benefits thereunder or proceeds thereof, in whole or in part, which may prove
to be invalid or ineffective for any reason.
 
 
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(g)  Cash Collateral.
 
(i)  The Primary Revolving Borrowers shall Cash Collateralize L/C Obligations as
provided in the definition of the term “Extended Letter of Credit” and in this
Section 2.03(g) and Sections 2.05(c)(i) and 8.02.  Nothing in this subsection
(g) shall affect the provisions of Section 10.21.
 
(ii)  Any Cash Collateralization shall be made pursuant to documentation in form
and substance reasonably satisfactory to the Administrative Agent and, in the
case of Cash Collateralization of L/C Obligations arising under any Extended
Letter of Credit, the L/C Issuer that is the issuer thereof.  Subject to clause
(iii) below, the Administrative Agent shall have sole and exclusive dominion and
control, including the right of withdrawal, over any Cash Collateral.  The
Administrative Agent shall hold (A) any Cash Collateral that Cash Collateralizes
L/C Obligations under any Extended Letter of Credit (such Cash Collateral being
referred to as the “Designated Cash Collateral” in respect of such Extended
Letter of Credit) as collateral for the payment and performance of such L/C
Obligations and (B) any other Cash Collateral provided by any Primary Revolving
Borrower as collateral for the payment and performance of L/C Obligations of
such Primary Revolving Borrower, and may apply any such Cash Collateral to
satisfy such payment or performance of such L/C Obligations.  Each Primary
Revolving Borrower hereby grants to the Administrative Agent, for the benefit of
the Primary Revolving Lenders and the L/C Issuers as set forth in the preceding
sentence and in clause (iii) below, a security interest in all Cash Collateral
provided by such Primary Revolving Borrower.
 
(iii)  Following the Letter of Credit Expiration Date, the Administrative Agent
shall transfer any Designated Cash Collateral then held by it in respect of any
Extended Letter of Credit to the L/C Issuer that is the issuer thereof (giving
effect to the application of any Designated Cash Collateral to reimburse the
Primary Revolving Lenders for any L/C Advances made to reimburse such L/C Issuer
for L/C Disbursements under such Extended Letter of Credit made on or prior to
the Letter of Credit Expiration Date), such transfer to be made in the manner
reasonably satisfactory to the Administrative Agent and such L/C Issuer.  From
and after the effectiveness of such transfer, the Administrative Agent shall
cease to have any dominion or control over such Designated Cash Collateral, and
all such rights (including the exclusive right of withdrawal) shall be vested in
such L/C Issuer.  Each Primary Revolving Borrower hereby grants to each L/C
Issuer, in respect of any Extended Letter of Credit issued by such L/C Issuer, a
security interest in all Designated Cash Collateral for such Extended Letter of
Credit provided by such Primary Revolving Borrower.
 
 
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(iv)  If any Primary Revolving Borrower is required to provide Cash Collateral
pursuant to Section 8.02(c), such Cash Collateral (to the extent not applied as
aforesaid) shall be returned to such Primary Revolving Borrower within three
Business Days after all Events of Default have been cured or waived.  If any
Primary Revolving Borrower is required to provide Cash Collateral pursuant to
Section 2.05(c)(i), such Cash Collateral (to the extent not applied as
aforesaid) shall be returned to such Primary Revolving Borrower as and to the
extent that, after giving effect to such return, the Primary Revolving Borrowers
would remain in compliance with Section 2.05(c)(i) and no Default shall have
occurred and be continuing.  If any Primary Revolving Borrower is required to
provide Designated Cash Collateral with respect to any Extended Letter of Credit
or any Cash Collateral for any other Letter of Credit pursuant to this Section
2.03(g), then such Designated Cash Collateral or Cash Collateral (to the extent
not applied as aforesaid) shall be returned to such Primary Revolving Borrower
upon the expiration or termination of such Extended Letter of Credit or other
Letter of Credit, as applicable, and the repayment by such Primary Revolving
Borrower in full of all L/C Obligations arising therefrom and all fees and other
amounts due to the applicable L/C Issuer or any of the Lenders in connection
therewith and no Default shall have occurred and be continuing.
 
(v)  On or after the Third Restatement Effective Date, the Primary Revolving
Borrower for whose account a Letter of Credit is issued shall Cash Collateralize
L/C Obligations arising under such Letter of Credit prior to the date of
issuance thereof in an amount equal to 105% of the amount of such Letter of
Credit.
 
(h)  Applicability of ISP. Unless otherwise expressly agreed by the applicable
L/C Issuer and the Company when a Letter of Credit is issued (including any such
agreement applicable to an Existing Letter of Credit), the rules of the ISP
shall apply to each Letter of Credit.
 
(i)  Letter of Credit Fees.  The Company shall pay to the Administrative Agent
for the account of each Primary Revolving Lender in accordance with its
Applicable Primary Revolving Percentage, in Dollars, a Letter of Credit fee (the
“Letter of Credit Fee”) for each Letter of Credit (other than, following the
Letter of Credit Expiration Date, any Extended Letter of Credit) equal to the
Applicable Rate times the Dollar Equivalent of the daily amount available to be
drawn under such Letter of Credit.  For purposes of computing the daily amount
available to be drawn under any Letter of Credit, the amount of such Letter of
Credit shall be determined in accordance with Section 1.05.  Letter of Credit
Fees shall be (i) computed on a quarterly basis in arrears and (ii) due and
payable on the fifth Business Day after the end of each March, June, September
and December, commencing with the first such date to occur after the issuance of
such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on
demand.  If there is any change in the Applicable Rate during any quarter, the
daily amount available to be drawn under each Letter of Credit shall be computed
and multiplied by the Applicable Rate separately for each period during such
quarter that such Applicable Rate was in effect.  Notwithstanding anything to
the contrary contained herein, upon the request of the Required Primary
Revolving Lenders, while any Event of Default exists, all Letter of Credit Fees
shall accrue at the Default Rate.
 
 
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(j)  Fronting Fee and Documentary and Processing Charges Payable to L/C
Issuer. The Company shall pay directly to the applicable L/C Issuer for its own
account, a fronting fee with respect to each Letter of Credit, which shall
accrue at a rate separately agreed to by such L/C Issuer and the Company,
computed on the Dollar Equivalent of the daily amount available to be drawn
under such Letter of Credit on a quarterly basis in arrears.  Such fronting fee
shall be due and payable on the fifth Business Day after the end of each March,
June, September and December in respect of the most recently ended quarterly
period (or portion thereof, in the case of the first payment), commencing with
the first such date to occur after the issuance of such Letter of Credit, on the
Letter of Credit Expiration Date and thereafter on demand.  For purposes of
computing the daily amount available to be drawn under any Letter of Credit, the
amount of such Letter of Credit shall be determined in accordance with Section
1.05.  In addition, the Company shall pay directly to the applicable L/C Issuer,
for its own account, the customary issuance, presentation, amendment and other
processing fees, and other standard costs and charges, of such L/C Issuer
relating to letters of credit as from time to time in effect.  Such customary
fees and standard costs and charges are due and payable on demand and are
nonrefundable.
 
(k)  Conflict with Issuer Documents.  In the event of any conflict between the
terms hereof and the terms of any Issuer Document, the terms hereof shall
control.
 
(l)  Reporting.  Unless otherwise requested by the Administrative Agent, each
L/C Issuer shall report in writing to the Administrative Agent (i) on the first
Business Day of each week, the daily activity (set forth by day) in respect of
the Letters of Credit during the immediately preceding week, including all
issuances, extensions, amendment and renewals, all expirations and cancelations
and all disbursements and reimbursements, (ii) on or prior to the Business Day
on which such L/C Issuer expects to issue, amend, renew or extend any Letter of
Credit, the date of such issuance, amendment, renewal or extension, and the
aggregate face amount of the Letters of Credit to be issued, amended, renewed or
extended by it and outstanding after giving effect to such issuance, amendment,
renewal or extension occurred (and whether the amount thereof changed), and
(iii) on any other Business Day, such other information as the Administrative
Agent shall reasonably request, including but not limited to prompt verification
of such information as may be requested by the Administrative Agent.
 
(m)  Certain Existing Letter of Credit.  The Company unconditionally and
irrevocably agrees that, in connection with the Existing Letter of Credit issued
for the account of Pulse Italy S.r.L., it will be fully responsible for the
reimbursement of L/C Disbursements, the payment of interest thereon and the
payment of all other amounts due hereunder under such Existing Letter of Credit
to the same extent as if the Company were the account party in respect of such
Existing Letter of Credit.
 
 
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2.04  Swing Line Loans.  i)The Swing Line.  Subject to the terms and conditions
set forth herein, the Swing Line Lender may make (in its sole and absolute
discretion, it being acknowledged that the Swing Line Lender shall not be under
any obligation to make any Swing Line Loan),  in reliance upon the agreements of
the other Primary Revolving Lenders set forth in this Section 2.04, from time to
time on any Business Day during the Revolving Availability Period, loans in
Dollars (each such loan, a “Swing Line Loan”) to the Domestic Borrowers in an
aggregate principal amount not to exceed at any time outstanding the amount of
the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans,
when aggregated with the Applicable Primary Revolving Percentage of the
Outstanding Amount of Committed Revolving Loans and L/C Obligations of the
Primary Revolving Lender acting as Swing Line Lender, may exceed the amount of
such Primary Revolving Lender’s Primary Revolving Commitment; provided, however,
that after giving effect to any Swing Line Loan, (i) the Total Primary Revolving
Outstandings shall not exceed the Aggregate Primary Revolving Commitments, (ii)
no Primary Revolving Lender’s Applicable Primary Revolving Percentage of the
Total Primary Revolving Outstandings shall exceed such Lender’s Primary
Revolving Commitment and (iii) the Total Primary Revolving Outstandings with
respect to Domestic Borrowers shall not exceed the Domestic Borrowing Sublimit;
provided, further, that no Domestic Borrower shall use the proceeds of any Swing
Line Loan to refinance any outstanding Swing Line Loan.  Within the foregoing
limits, and subject to the other terms and conditions hereof, each Domestic
Borrower may borrow under this Section 2.04, prepay under Section 2.05, and,
subject to the discretion of the Swing Line Lender in making a Swing Line Loan,
reborrow under this Section 2.04.  Each Swing Line Loan shall be a Base Rate
Loan.  Immediately upon the making of a Swing Line Loan, each Primary Revolving
Lender shall be deemed to, without any further action on the part of the Swing
Line Lender or any Primary Revolving Lender, to have acquired from the Swing
Line Lender a risk participation in such Swing Line Loan in an amount equal to
the product of such Primary Revolving Lender’s Applicable Primary Revolving
Percentage times the amount of such Swing Line Loan, and, in consideration of
the foregoing, irrevocably and unconditionally agrees to fund such participation
in accordance with this Section 2.04.  Without limiting the discretion of the
Swing Line Lender set forth above, it is acknowledged that the Swing Line Lender
shall not be under any obligation to make any Swing Line Loan if a default of
any Primary Revolving Lender’s obligation to fund under Section 2.04(c) exists
or any Primary Revolving Lender is at such time a Defaulting Lender hereunder,
unless the Swing Line Lender has entered into satisfactory arrangements with the
Company (which may include a deposit of cash collateral by the applicable
Domestic Borrower with a portion of the proceeds from such Swing Line Loan) or
such other Primary Revolving Lender to eliminate the Swing Line Lender’s risk
with respect to such Primary Revolving Lender.  Notwithstanding anything to the
contrary contained herein, no Swing Line Loans shall be made on or after the
Third Restatement Effective Date.
 
(b)  Borrowing Procedures.  Each Swing Line Borrowing shall be made upon the
Company’s irrevocable notice to the Swing Line Lender and the Administrative
Agent, which may be given by telephone.  Each such notice must be received by
the Swing Line Lender and the Administrative Agent not later than 1:00 p.m.,
Specified Time, on the requested borrowing date, and shall specify (i) the
Domestic Borrower with respect to which the request is being made, (ii) the
amount to be borrowed, which shall be a minimum of $100,000, and (iii) the
requested borrowing date, which shall be a Business Day.  Each such telephonic
notice must be confirmed promptly by delivery to the Swing Line Lender and the
Administrative Agent of a written Swing Line Loan Notice, appropriately
completed and signed by a Responsible Officer of the Company.  Promptly after
receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the
Swing Line Lender will confirm with the Administrative Agent (by telephone or in
writing) that the Administrative Agent has also received such Swing Line Loan
Notice and, if not, the Swing Line Lender will notify the Administrative Agent
(by telephone or in writing) of the contents thereof.  The Swing Line Lender
will, not later than 3:00 p.m. on the borrowing date specified in such Swing
Line Loan Notice, make the amount of its Swing Line Loan available to the
applicable Domestic Borrower by crediting the account of such Domestic Borrower
with the Swing Line Lender in Same Day Funds.
 
 
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(c)  Refinancing of Swing Line Loans.
 
(i)  The Swing Line Lender at any time in its sole and absolute discretion may,
by written notice given to the Administrative Agent not later than 11:00 a.m.,
Specified Time, on any Business Day, request that the Primary Revolving Lenders
fund on such Business Day their risk participations in all or a portion of the
Swing Line Loans outstanding.  Such notice shall specify the aggregate amount of
Swing Line Loans with respect to which Primary Revolving Lenders will be
required to fund their risk participation.  Promptly upon receipt of such
notice, the Administrative Agent will give notice thereof to each Primary
Revolving Lender, specifying in such notice such Lender’s Applicable Primary
Revolving Percentage of such Swing Line Loan or Loans.  Each Revolving Lender
hereby absolutely and unconditionally agrees to pay, upon receipt of notice as
provided above, to the Administrative Agent, for the account of the Swing Line
Lender, such Lender’s Applicable Primary Revolving Percentage of such Swing Line
Loan or Loans.  Each Primary Revolving Lender shall make an amount equal to its
Applicable Primary Revolving Percentage of the amount specified in such notice
available to the Administrative Agent in Same Day Funds for the account of the
Swing Line Lender at the Agent’s Office not later than 1:00 p.m., Specified
Time, on the Business Day specified in such notice by the Administrative
Agent.  The Administrative Agent shall remit the funds so received to the Swing
Line Lender.
 
(ii)  If any Primary Revolving Lender fails to make available to the
Administrative Agent for the account of the Swing Line Lender any amount
required to be paid by such Primary Revolving Lender pursuant to the foregoing
provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i),
the Swing Line Lender shall be entitled to recover from such Primary Revolving
Lender (acting through the Administrative Agent), on demand, such amount with
interest thereon for the period from the date such payment is required to be
made to the date on which such payment is immediately available to the Swing
Line Lender at a rate per annum equal to the applicable Overnight Rate from time
to time in effect.  A certificate of the Swing Line Lender submitted to any
Primary Revolving Lender (through the Administrative Agent) with respect to any
amounts owing under this clause (ii) shall be conclusive absent manifest error.
 
(iii)  Each Primary Revolving Lender’s obligation to fund risk participations in
Swing Line Loans pursuant to this Section 2.04(c) shall be absolute and
unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right which such Lender may
have against the Swing Line Lender, any Domestic Borrower or any other Person
for any reason whatsoever, (B) the occurrence or continuance of a Default, or
(C) any other occurrence, event or condition, whether or not similar to any of
the foregoing.  No such funding of risk participations shall relieve or
otherwise impair the obligation of any Domestic Borrower to repay Swing Line
Loans made to it, together with interest as provided herein.
 
 
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(d)  Repayment of Participations.
 
(i)  At any time after any Primary Revolving Lender has funded a risk
participation in a Swing Line Loan, if the Swing Line Lender receives any
payment on account of such Swing Line Loan, the Swing Line Lender will
distribute (through the Administrative Agent) to such Primary Revolving Lender
its Applicable Primary Revolving Percentage of such payment (appropriately
adjusted, in the case of interest payments, to reflect the period of time during
which such Primary Revolving Lender’s risk participation was funded) in the same
funds as those received by the Swing Line Lender.
 
(ii)  If any payment received by the Swing Line Lender in respect of principal
or interest on any Swing Line Loan is required to be returned by the Swing Line
Lender under any of the circumstances described in Section 10.05 (including
pursuant to any settlement entered into by the Swing Line Lender in its
discretion), each Primary Revolving Lender shall pay to the Swing Line Lender
its Applicable Primary Revolving Percentage thereof on demand of the
Administrative Agent, plus interest thereon from the date of such demand to the
date such amount is returned, at a rate per annum equal to the applicable
Overnight Rate.  The Administrative Agent will make such demand upon the request
of the Swing Line Lender.  The obligations of the Primary Revolving Lenders
under this clause shall survive the payment in full of the Loan Documents
Obligations and the termination of this Agreement.
 
(e)  Interest for Account of Swing Line Lender.  The Swing Line Lender shall be
responsible for invoicing the Domestic Borrowers for interest on the Swing Line
Loans (which invoice may be made to the Company, on behalf of any other Domestic
Borrower).  Interest accrued pursuant to any Swing Line Loan shall be for the
account of the Swing Line Lender, except that interest accrued on any Swing Line
Loan on and after the date of funding by any Primary Revolving Lender of its
risk participation therein shall be for the account of such Primary Revolving
Lender to the extent of such funded risk participation.
 
(f)  Payments Directly to Swing Line Lender.  The Domestic Borrowers shall make
all payments of principal and interest in respect of the Swing Line Loans
directly to the Swing Line Lender.
 
2.05  Prepayments.  i)Each Borrower may, upon written notice from the Company to
the Applicable Agent, at any time or from time to time voluntarily prepay
Committed Loans in whole or in part, without premium or penalty; provided that
(i) such notice must be received by the Applicable Agent not later than 11:00
a.m., Specified Time, (A) in the case of prepayments under the Term Facility,
four Business Days prior to any date of prepayment, (B) in the case of
prepayments under the Singapore Revolving Subfacility, four Business Days prior
to any date of prepayment or (C) in the case of prepayments under the Primary
Revolving Subfacility, (1) (x) four Business Days prior to any date of
prepayment of Eurocurrency Rate Loans made to a Foreign Borrower and (y) three
Business Days prior to any date of prepayment of Eurocurrency Rate Loans made to
a Domestic Borrower and (2) on the date of prepayment of Base Rate Loans;
 
 
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(ii) any prepayment of Eurocurrency Rate Loans shall be in a principal amount of
the Eurocurrency Borrowing Minimum or a whole multiple of the Eurocurrency
Borrowing Multiple in excess thereof; and (iii) any prepayment of Base Rate
Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000
in excess thereof or, in each case, if less, the entire principal amount thereof
then outstanding; provided that in the case of any prepayment pursuant to this
subsection (a) contemplated by the definition of the term “Permitted Refinancing
Indebtedness”, the provisions of clauses (ii) and (iii) above shall not
apply.  Each such notice shall specify the date and amount of such prepayment
and shall contain the selections by the Company required to be made pursuant to
subsection (e) below.  The Administrative Agent will promptly notify each
applicable Lender of its receipt of each such notice, and of the amount of such
Lender’s Share of such prepayment.  If such notice is given by the Company, the
applicable Borrower shall make such prepayment and the payment amount specified
in such notice shall be due and payable on the date specified therein; provided,
however, in the case of any such notice given in connection with (x) a
conditional notice of termination of the Aggregate Commitments as contemplated
by Section 2.06(b) or (y) a prepayment contemplated by the definition of the
term “Permitted Refinancing Indebtedness”, such notice of prepayment may, prior
to the date of prepayment set forth therein, be revoked by the Company.
 
(b)  Each Domestic Borrower may, upon written notice from the Company to the
Swing Line Lender (with a copy to the Administrative Agent), at any time or from
time to time, voluntarily prepay Swing Line Loans in whole or in part, without
premium or penalty; provided that (i) such notice must be received by the Swing
Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of
the prepayment, and (ii) any such prepayment shall be in a minimum principal
amount of $100,000.  Each such notice shall specify the date and amount of such
prepayment.  If such notice is given by the Company, the applicable Domestic
Borrower shall make such prepayment and the payment amount specified in such
notice shall be due and payable on the date specified therein.
 
(c)  (a)If the Administrative Agent notifies the Company that the Total Primary
Revolving Outstandings (determined disregarding any portion of the L/C
Obligations that shall have been Cash Collateralized in accordance with this
Agreement) at any time exceed the Aggregate Primary Revolving Commitments in
effect at such time, then (A) if any Loans under the Primary Revolving
Subfacility are outstanding at such time, the applicable Primary Revolving
Borrowers shall prepay such Loans (1) if the Total Primary Revolving
Outstandings (as so determined) exceed 105% of the Aggregate Primary Revolving
Commitments, within two Business Days of the receipt by the Company of such
notice, (2) if any such Loans are Base Rate Loans, within two Business Days of
the receipt by the Company of such notice and (3) otherwise, on the last day of
an Interest Period of any Committed Primary Revolving Loans, the amount of such
prepayment to equal the lesser of (x) the amount necessary to eliminate such
excess and (y) the aggregate principal amount of such Loans outstanding (or, in
the case of any prepayment under clause (2) or (3) above, the aggregate
principal amount of the Base Rate Loans or the Committed Primary Revolving Loans
referred to in such clause), and (B) if no Loans under the Primary Revolving
Subfacility are outstanding at such time, the applicable Primary Revolving
Borrowers shall, within two Business Days of the receipt by the Company of such
notice, Cash Collateralize their respective L/C Obligations in an aggregate
amount sufficient to eliminate such excess.
 
 
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(ii)  If the Singapore Administrative Agent notifies the Company that the Total
Singapore Revolving Outstandings at any time exceed the Aggregate Singapore
Revolving Commitments in effect at such time, then the applicable Singapore
Revolving Borrowers shall prepay Committed Singapore Revolving Loans (A) if the
Total Singapore Revolving Outstandings exceed 105% of the Aggregate Singapore
Revolving Commitments, within two Business Days of the receipt by the Company of
such notice, and (B) otherwise, on the last day of an Interest Period of any
Committed Singapore Revolving Loans, the amount of such prepayment to equal the
lesser of (1) the amount necessary to eliminate such excess and (2) in the case
of any prepayment under clause (B) above, the aggregate principal amount of such
Committed Singapore Revolving Loans.
 
(d)  In the event and on each occasion that any Net Proceeds are received by or
on behalf of the Company or any Subsidiary in respect of any Prepayment Event,
the Term Borrower shall (and the Company shall cause the Term Borrower to), on
the day such Net Proceeds are received (or, in the case of a Prepayment Event
described in clause (a) or (b) of the definition of the term “Prepayment Event”,
within three Business Days thereafter), prepay the Term Loans in an aggregate
amount equal to 100% of such Net Proceeds; provided, however, that (i) if the
aggregate amount of any such prepayment of the Term Loans exceeds at any time
the aggregate principal amount of the Term Loans outstanding at such time, then
the Borrowers shall (and the Company shall cause the Borrowers to) prepay, on
the required date of such prepayment, the Committed Primary Revolving Loans or
the Committed Singapore Revolving Loans in an aggregate amount equal to the
lesser of the amount of such excess and the aggregate principal amount of the
Committed Primary Revolving Loans and the Committed Singapore Revolving Loans
outstanding at such time and (ii) if the Company shall, prior to the date of any
such prepayment of the Term Loans, deliver to the Administrative Agent a
certificate of a Responsible Officer of the Company to the effect that such
prepayment cannot be accomplished by the Term Borrower without materially
adverse tax consequences to the Company and its Subsidiaries and that, in place
of all or any portion of such prepayment, the Borrowers will make a prepayment
of the Committed Primary Revolving Loans or the Committed Singapore Revolving
Loans (specifying the amount thereof to be prepaid), then the Term Borrower
shall not be required to make any such prepayment if and to the extent that the
Borrowers shall have prepaid, on the required date of such prepayment, the
aggregate principal amount of the Committed Primary Revolving Loans or the
Committed Singapore Revolving Loans.  Notwithstanding the foregoing, in the
event and on each occasion that any Net Proceeds are received by or on behalf of
the Company or any Subsidiary in respect to any Scheduled Disposition, the Term
Borrower shall (and the Company shall cause the Term Borrower to), not later
than the first Business Day after such Net Proceeds are received, prepay the
Term Loans in accordance with the immediately preceding sentence but without
regard to clauses (ii) and (iii) of the first proviso set forth in such
sentence.  The Company shall, to the extent practicable, notify the
Administrative Agent by telephone (confirmed by hand deliver or facsimile) of
any prepayment required pursuant to this paragraph no later than 11:00 a.m.,
Specified Time, four Business Days prior to the date of prepayment.  Each such
notice shall specify the date and amount of such prepayment and shall contain
the selections by the Company required to be made pursuant to subsection (f)
below. The Administrative Agent will promptly notify each Lender of the
applicable Class of its receipt of such notice, and of the amount of such
Lender’s Share of such prepayment.
 
 
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(e)  The Singapore Revolving Borrowers shall make the prepayments of Committed
Singapore Revolving Loans referred to in paragraph (b)(i) of Section 2.06.
 
(f)  Prior to any prepayment of any Loans under this Section, the Company shall
(i) in the case of any prepayment pursuant to subsection (a) above, select the
Class of Loans to be prepaid and (ii) in the case of any prepayment other than
pursuant to subsection (b) above, select the Committed Borrowing or Committed
Borrowings of the applicable Class to be prepaid.  Any prepayment of a
Eurocurrency Rate Loan (and any prepayment pursuant to subsection (d) above of a
Base Rate Loan) shall be accompanied by all accrued interest on the amount
prepaid, together with any additional amounts required pursuant to Section
3.05.  Each such prepayment of Loans of any Class shall be applied to the Loans
of such Class held by Lenders of such Class in accordance with such Lenders’
respective Shares.
 
2.06  Termination or Reduction of Commitments.  i)Unless previously terminated,
(i) each Term Commitment shall terminate at 5:00 p.m., New York City time, on
the Closing Date, (ii) each Revolving Commitment shall terminate on the Maturity
Date and (iii) the obligations of each L/C Issuer to issue, amend, renew or
extend Letters of Credit shall terminate on the date on which the Aggregate
Primary Revolving Commitments terminate or, if earlier, on the Letter of Credit
Expiration Date.
 
(b)  The Aggregate Primary Revolving Commitments shall automatically be
permanently reduced by the amount of the Committed Primary Revolving Loans
prepaid pursuant to Section 2.05(d) (or, if the Net Proceeds in respect of any
Prepayment Event exceed the aggregate principal amount of the Committed Primary
Revolving Loans outstanding on the date of the prepayment required to be made
pursuant to Section 2.05(d) on account of the receipt of such Net Proceeds, the
amount of the Committed Primary Revolving Loans that would have been required to
be prepaid pursuant to Section 2.05(d) had the Aggregate Primary Revolving
Commitments been drawn in full as Committed Primary Revolving Loans), the amount
of each such reduction to be effective on the date of any such prepayment (or,
if applicable, on the date such prepayment would have been required to be made
pursuant to Section 2.05(d) had the Aggregate Primary Revolving Commitments been
so drawn in full); provided that, in the event prior to the effectiveness of any
such reduction the Company shall have notified the Administrative Agent of its
exercise of such option, then, at the option of the Company, the amount of such
reduction may be rounded to the nearest whole multiple of $500,000. The
Applicable Agent will promptly notify the applicable Revolving Lenders of any
such reduction of the Aggregate Primary Revolving Commitments.
 
 
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(c)  The Company may, upon written notice to the Applicable Agent, terminate the
Aggregate Primary Revolving Commitments or the Aggregate Singapore Revolving
Commitments, or from time to time permanently reduce the Aggregate Primary
Revolving Commitments or the Aggregate Singapore Revolving Commitments; provided
that (i) any such notice shall be received by the Applicable Agent not later
than 11:00 a.m., Specified Time, three Business Days, in the case of the Primary
Revolving Subfacility, or four Business Days, in the case of the Singapore
Revolving Subfacility, prior to the date of termination or reduction, (ii) any
such partial reduction shall be in an aggregate amount of $500,000 or any whole
multiple of $100,000 in excess thereof, (iii) the Company shall not terminate or
reduce the Aggregate Primary Revolving Commitments if, after giving effect
thereto and to any concurrent prepayments hereunder, the Total Primary Revolving
Outstandings would exceed the Aggregate Primary Revolving Commitments, (iv) the
Company shall not terminate or reduce the Aggregate Singapore Revolving
Commitments if, after giving effect thereto and to any concurrent prepayments
hereunder, the Total Singapore Revolving Outstandings would exceed the Aggregate
Singapore Revolving Commitments and (v) if, after giving effect to any reduction
of the Aggregate Primary Revolving Commitments, the Letter of Credit Sublimit or
the Swing Line Sublimit exceeds the amount of the Aggregate Primary Revolving
Commitments, such Sublimit shall be automatically reduced by the amount of such
excess.  Any such notice of the termination of the Aggregate Commitments may
state that it is conditioned upon the occurrence of the events specified
therein, in which case such notice may be revoked by the Company (by notice to
the Applicable Agent prior to the specified date of effectiveness of such
termination) if such condition is not satisfied.  The Applicable Agent will
promptly notify the applicable Revolving Lenders of any such notice of
termination or reduction of the Aggregate Primary Revolving Commitments or the
Aggregate Singapore Revolving Commitments.   The amount of any Aggregate Primary
Revolving Commitment reduction shall not be applied to the Letter of Credit
Sublimit unless otherwise specified by the Company.
 
(d)  Any reduction of the Aggregate Primary Revolving Commitments or the
Aggregate Singapore Revolving Commitments pursuant to this Section 2.06 shall be
applied to the Commitment of the applicable Class of each Lender in accordance
with its Share.  All commitment fees accrued on the amount of the Aggregate
Primary Revolving Commitments or the Aggregate Singapore Revolving Commitments
so terminated or reduced to the effective date of any such termination shall be
paid on the effective date of such termination or reduction.
 
2.07  Repayment of Loans.  i)Subject to adjustment pursuant to subsection (b)
below, the Term Borrower shall repay to the Term Lenders, on the last Business
Day of each March, June, September and December, beginning with March 31, 2009,
the outstanding Term Loans in an aggregate principal amount for each such date
equal to (i) in the case of any such date on or prior to December 31, 2009,
1.25%, (ii) in the case of any such date after December 31, 2009, but on or
prior to December 31, 2010, 3.75%, (iii) in the case of any such date after
December 31, 2010, but on or prior to December 31, 2011, 7.50%, (iv) in the case
of any such date after December 31, 2011 and prior to the Maturity Date, 12.5%,
in each case, of the aggregate principal amount of the Term Loans outstanding on
the Closing Date.  To the extent not previously paid, all Term Loans shall be
due and payable on the Maturity Date.
 
(b)  Any prepayment of Term Loans pursuant to Section 2.05 shall be applied to
reduce ratably the subsequent scheduled repayments of Term Loans to be made
pursuant to this Section.
 
 
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(c)  Prior to any repayment of any Term Loans under this Section, the Term
Borrower shall select the Committed Borrowing or Committed Borrowings to be
repaid and shall notify the Applicable Agent by telephone (confirmed by hand
delivery or facsimile) of such selection.  Each such repayment shall be applied
to the Term Loans of Term Lenders in accordance with such Lenders’ respective
Shares.  Repayments of Term Loans shall be accompanied by accrued interest on
the amount repaid.
 
(d)  Each Revolving Borrower shall repay to the Revolving Lenders on the
Maturity Date the aggregate principal amount of Committed Revolving Loans made
to such Borrower outstanding on such date.
 
(e)  Each Domestic Borrower shall repay each Swing Line Loan made to such
Domestic Borrower on the earlier to occur of (i) the date ten Business Days
after such Loan is made and (ii) the Maturity Date.
 
2.08  Interest.  i)Committed Primary Revolving Loans that are Dollar Domestic
Loans may be Base Rate Loans or Eurocurrency Rate Loans, as selected by the
Company in accordance with this Agreement.  All other Committed Loans shall be
Eurocurrency Rate Loans.  All Swing Line Loans shall be Base Rate Loans.
 
(b)  Subject to the provisions of subsection (c) below, (i) each Eurocurrency
Rate Loan shall bear interest on the outstanding principal amount thereof for
each Interest Period at a rate per annum equal to the Eurocurrency Rate for such
Interest Period plus the Applicable Rate plus (in the case of a Committed
Primary Revolving Loan that is made from a Lending Office in the United Kingdom
or a Participating Member State) the Mandatory Cost; (ii) each Dollar Domestic
Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing or conversion date at a rate per annum equal to the Base
Rate plus the Applicable Rate; and (iii) each Swing Line Loan shall bear
interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Base Rate plus the Applicable
Rate.
 
(c)  (a)If any amount of principal of any Loan is not paid when due (without
regard to any applicable grace periods), whether at stated maturity, by
acceleration or otherwise, such amount shall thereafter bear interest at a
fluctuating interest rate per annum at all times equal to the Default Rate to
the fullest extent permitted by applicable Laws.
 
(ii)  If any amount (other than principal of any Loan) payable by any Borrower
under any Loan Document is not paid when due (without regard to any applicable
grace periods), whether at stated maturity, by acceleration or otherwise, then
such amount shall (but only, unless an Event of Default with respect to any
Borrower described in Section 8.01(f) has occurred, upon the request of the
Required Lenders) thereafter bear interest at a fluctuating interest rate per
annum at all times equal to the Default Rate to the fullest extent permitted by
applicable Laws.
 
(iii)  While any Event of Default exists, the Borrowers shall (but only, unless
an Event of Default with respect to any Borrower described in Section 8.01(f)
has occurred, upon the request of the Required Lenders) pay interest on the
principal amount of all outstanding Loan Documents Obligations hereunder at a
fluctuating interest rate per annum at all times equal to the Default Rate to
the fullest extent permitted by applicable Laws.
 
 
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(iv)  Accrued and unpaid interest on past due amounts (including interest on
past due interest) shall be due and payable upon demand.
 
(d)  Interest on each Loan shall be due and payable in arrears on each Interest
Payment Date applicable thereto and at such other times as may be specified
herein.  Interest hereunder shall be due and payable in accordance with the
terms hereof before and after judgment, and before and after the commencement of
any proceeding under any Debtor Relief Law.
 
2.09  Fees.  In addition to certain fees described in Section 2.03(i) and
2.03(j):
 
(a)  Commitment Fee.  The Company shall pay (i) to the Administrative Agent for
the account of each Primary Revolving Lender, in accordance with its Applicable
Primary Revolving Percentage, a commitment fee in Dollars equal to the
Applicable Commitment Fee Rate times the actual daily amount by which the
Aggregate Primary Revolving Commitments exceed the sum of (A) the Outstanding
Amount of Committed Primary Revolving Loans and (B) the Outstanding Amount of
L/C Obligations and (ii) to the Singapore Administrative Agent for the account
of each Singapore Revolving Lender, in accordance with its Applicable Singapore
Revolving Percentage, a commitment fee in Dollars equal to the Applicable
Commitment Fee Rate times the actual daily amount by which the Aggregate
Singapore Revolving Commitments exceed the Outstanding Amount of Committed
Singapore Revolving Loans.  The commitment fee shall accrue at all times during
the Revolving Availability Period, including at any time during which one or
more of the conditions in Article IV is not met, and shall be due and payable
quarterly in arrears on the fifth Business Day after the end of each March,
June, September and December, commencing with the first such date to occur after
the Closing Date, and on the Maturity Date.  The commitment fee shall be
calculated quarterly in arrears, and if there is any change in the Applicable
Commitment Fee Rate during any quarter, the actual daily amount shall be
computed and multiplied by the Applicable Commitment Fee Rate separately for
each period during such quarter that such Applicable Commitment Fee Rate was in
effect.
 
(b)  Other Fees. The Company shall pay to the Arranger and the Administrative
Agent for their own respective accounts, in Dollars, fees in the amounts and at
the times specified in the Fee Letter.  Such fees shall be fully earned when
paid and shall not be refundable for any reason whatsoever
 
(c)  June 29, 2012 Fee.  On June 29, 2012, the Company shall pay to the
Administrative Agent, for the account of each Primary Revolving Lender in
accordance with each such Lender’s Applicable Primary Revolving Percentage, a
fee equal to 0.50% of (i) the Aggregate Primary Revolving Commitment as of such
date less (ii) the aggregate amount of Net Proceeds to be realized (and applied
to prepay Committed Primary Revolving Loans pursuant to Section 2.05(d)) in
respect of any Dispositions constituting a Prepayment Event for which definitive
documentation has been entered into by the Company and/or any of its
Subsidiaries and delivered to the Administrative Agent (along with evidence,
reasonably satisfactory to the Administrative Agent, supporting the calculation
of such Net Proceeds) and remains in full force and effect as of such date;
provided that on December 31, 2012, in the event that any such Disposition has
not been consummated on or before such date and any Primary Revolving
Commitments remain in effect, the Company shall pay to the Administrative Agent,
for the account of each Primary Revolving Lender in accordance with each such
Lender’s Applicable Primary Revolving Percentage, an amount equal to (A) 0.50%
of the aggregate amount of Net Proceeds that were subtracted pursuant to clause
 
 
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(ii) of this Section 2.09(c) for purposes of calculating the fee paid pursuant
to this Section 2.09(c) plus (B) interest at the Default Rate on the amount
calculated pursuant to clause (A) of this proviso for the period from June 29,
2012 to December 31, 2012; provided further that, for the period from June 29,
2012 to December 31, 2012, if the Company (A) has consummated any other
Dispositions constituting a Prepayment Event (and applied the Net Proceeds
thereof to prepay Committed Primary Revolving Loans pursuant to Section 2.05(d))
and/or (B) incurred any Permitted Refinancing Indebtedness (resulting in an
reduction of the Primary Revolving Commitments in accordance with the definition
of the term “Permitted Refinancing Indebtedness”), the additional fee calculated
pursuant to the first proviso of this Section 2.09(c) shall be recalculated to
be an amount equal to (x) 0.50% of the excess, if any, of (1) the aggregate
amount of Net Proceeds that were subtracted pursuant to clause (ii) of this
Section 2.09(c) for purposes of calculating the fee paid pursuant to this
Section 2.09(c) over (2) the aggregate amount of Committed Primary Revolving
Loans prepaid with the Net Proceeds of such other Dispositions and Primary
Revolving Commitments reduced as a result of such Permitted Refinancing
Indebtedness, plus (y) interest at the Default Rate on the amount calculated
pursuant to clause (x) of this second proviso for the period from June 29, 2012
to December 31, 2012.
 
(d)  September 28, 2012 Fee.  On September 28, 2012, the Company shall pay to
the Administrative Agent for the account of each Primary Revolving Lender, a fee
equal to 0.50% of the Primary Revolving Commitment of such Lender as of
September 28, 2012.
 
(e)  December 31, 2012 Fee.  On December 31, 2012, the Company shall pay to the
Administrative Agent for the account of each Primary Revolving Lender, a fee
equal to 0.50% of the Primary Revolving Commitment of such Lender as of December
31, 2012.
 
2.10  Computation of Interest and Fees.  All computations of interest for Base
Rate Loans when the Base Rate is determined by reference to JPMCB’s “prime rate”
shall be made on the basis of a year of 365 or 366 days, as the case may be, and
actual days elapsed.  All other computations of fees and interest shall be made
on the basis of a 360-day year and actual days elapsed (which results in more
fees or interest, as applicable, being paid than if computed on the basis of a
365-day year).  Interest shall accrue on each Loan for the day on which the Loan
is made, and shall not accrue on a Loan, or any portion thereof, for the day on
which the Loan or such portion is paid, provided that any Loan that is repaid on
the same day on which it is made shall, subject to Section 2.12(a), bear
interest for one day.  Interest rates and fees payable to Lenders hereunder
shall be determined by the Applicable Agent, and each such determination by any
such Agent shall be conclusive and binding for all purposes, absent manifest
error.
 
2.11  Evidence of Debt.  i)The Credit Extensions made by each Lender shall be
evidenced by one or more accounts or records maintained by such Lender and by
the Applicable Agent in the ordinary course of business.  The accounts or
records maintained by the Agents and each Lender shall be conclusive absent
manifest error of the amount of the Credit Extensions made by the Lenders to the
Borrowers and the interest and payments thereon.  Any failure to so record or
any error in doing so shall not, however, limit or otherwise affect the
obligation of the Borrowers hereunder to pay any amount owing with respect to
the Loan Documents Obligations.
 
 
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In the event of any conflict between the accounts and records maintained by any
Lender and the accounts and records of any Agent in respect of such matters, the
accounts and records of such Agent shall control in the absence of manifest
error.  Upon the request of any Lender to a Borrower made through the
Administrative Agent, such Borrower shall execute and deliver to such Lender
(through the Administrative Agent) a Note, which shall evidence such Lender’s
Loans to such Borrower in addition to such accounts or records.  Each Lender may
attach schedules to a Note and endorse thereon the date, Type (if applicable),
amount, currency and maturity of its Loans and payments with respect thereto.
 
(b)  In addition to the accounts and records referred to in subsection (a), each
Primary Revolving Lender and the Administrative Agent shall maintain in
accordance with its usual practice accounts or records evidencing the purchases
and sales by such Primary Revolving Lender of participations in Letters of
Credit and Swing Line Loans.  In the event of any conflict between the accounts
and records maintained by the Administrative Agent and the accounts and records
of any Primary Revolving Lender in respect of such matters, the accounts and
records of the Administrative Agent shall control in the absence of manifest
error.
 
2.12  Payments Generally; Administrative Agent’s Clawback.  i)General.  All
payments to be made by the Borrowers shall be made without condition or
deduction for any counterclaim, defense, recoupment or setoff.  Except as
otherwise expressly provided herein, all payments by the Borrowers hereunder
shall be made to the Applicable Agent, in each case for the account of the
Lenders to which such payment is owed, at the Agent’s Office in Same Day Funds
not later than 1:00 p.m., Specified Time, on the date specified herein.  Except
as otherwise expressly provided herein, all such payments in respect of any Loan
or Letter of Credit shall be made in the currency in which such Loan or Letter
of Credit is denominated; all other payments hereunder shall be made in
Dollars.  If, for any reason, any Primary Revolving Borrower or Singapore
Revolving Borrower is prohibited by any Law from making any required payment
hereunder denominated in an Alternative Currency, such Borrower shall make such
payment by paying Dollars in an amount equal to the Dollar Equivalent of such
Alternative Currency payment.  The Applicable Agent will promptly distribute to
each Lender its Share (or other applicable share as provided herein) of such
payment in like funds as received by wire transfer to such Lender’s Lending
Office.  All payments received by the Applicable Agent from the Borrowers after
the time on which such payments are due shall in each case be deemed received on
the next succeeding Business Day and any applicable interest or fee shall
continue to accrue.  If any payment to be made by any Borrower shall come due on
a day other than a Business Day, payment shall be made on the next following
Business Day, and such extension of time shall be reflected in computing
interest or fees, as the case may be.
 
(b)  (a)Funding by Lenders; Presumption by Agents.  Unless the Applicable Agent
shall have received notice from a Lender prior to the proposed date of any
Committed Borrowing of Eurocurrency Rate Loans (or, in the case of any Committed
Borrowing of Base Rate Loans, prior to 12:00 noon, Specified Time, on the date
of such Committed Borrowing) that such Lender will not make available to such
Agent such Lender’s share of such Committed Borrowing, such Agent may assume
that such Lender has made such share available on such date in accordance with
Section 2.02 (or, in the case of a Committed Borrowing of Base Rate Loans, that
such Lender has made such share available in accordance with and at the time
required by Section 2.02) and may, in reliance upon such assumption, make
available to the applicable Borrower a corresponding amount.
 
 
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In such event, if a Lender has not in fact made its share of the applicable
Committed Borrowing available to such Agent, then the applicable Lender and the
applicable Borrower severally agree to pay to such Agent forthwith on demand
such corresponding amount in Same Day Funds with interest thereon, for each day
from and including the date such amount is made available to such Borrower to
but excluding the date of payment to such Agent, at (A) in the case of a payment
to be made by such Lender, the Overnight Rate and (B) in the case of a payment
to be made by such Borrower, the interest rate applicable to Base Rate
Loans.  If such Borrower and such Lender shall pay such interest to such Agent
for the same or an overlapping period, such Agent shall promptly remit to such
Borrower the amount of such interest paid by such Borrower for such period.  If
such Lender pays its share of the applicable Committed Borrowing to such Agent,
then the amount so paid shall constitute such Lender’s Committed Loan included
in such Committed Borrowing.  Any payment by such Borrower shall be without
prejudice to any claim such Borrower may have against a Lender that shall have
failed to make such payment to such Agent.
 
(ii)  Payments by Borrowers; Presumptions by Agents.  Unless the Applicable
Agent shall have received notice from a Borrower prior to the date on which any
payment is due to such Agent for the account of any of the Lenders or L/C
Issuers hereunder that such Borrower will not make such payment, such Agent may
assume that such Borrower has made such payment on such date in accordance
herewith and may, in reliance upon such assumption, distribute to the applicable
Lenders or L/C Issuer, as the case may be, the amount due.  In such event, if
such Borrower has not in fact made such payment, then each of the applicable
Lenders or L/C Issuers, as the case may be, severally agrees to repay to such
Agent forthwith on demand the amount so distributed to such Lender or L/C
Issuer, in Same Day Funds with interest thereon, for each day from and including
the date such amount is distributed to it to but excluding the date of payment
to such Agent, at the Overnight Rate.
 
A notice of any Agent to any Lender, L/C Issuer or Borrower with respect to any
amount owing under this subsection (b) shall be conclusive, absent manifest
error.
 
(c)  Failure to Satisfy Conditions Precedent.  If any Lender makes available to
an Agent funds for any Loan to be made by such Lender to any Borrower as
provided in the foregoing provisions of this Article II, and such funds are not
made available to such Borrower by such Agent because the conditions to the
applicable Credit Extension set forth in Article IV are not satisfied or waived
in accordance with the terms hereof, such Agent shall return such funds (in like
funds as received from such Lender) to such Lender, without interest.
 
(d)  Obligations of Lenders Several.  The obligations of the Lenders hereunder
to make Committed Loans and, in the case of the Primary Revolving Lenders, to
fund participations in Letters of Credit and Swing Line Loans, and the
obligations of the Lenders to make payments pursuant to Section 10.04(c), are
several and not joint.  The failure of any Lender to make any Committed Loan, to
fund any such participation or to make any payment under Section 10.04(c) on any
date required hereunder shall not relieve any other Lender of its corresponding
obligation to do so on such date, and no Lender shall be responsible for the
failure of any other Lender to so make its Committed Loan, to purchase its
participation or to make its payment under Section 10.04(c).
 
 
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(e)  Funding Source.  Nothing herein shall be deemed to obligate any Lender to
obtain the funds for any Loan in any particular place or manner or to constitute
a representation by any Lender that it has obtained or will obtain the funds for
any Loan in any particular place or manner.
 
(f)  Payments through the Agents.  It is understood and agreed that the
liabilities of the Borrowers for principal, interest, fees and other amounts
payable hereunder to any Lender or any L/C Issuers in respect of the Term Loans,
the Primary Revolving Subfacility or the Singapore Revolving Subfacility are
owed to the Lending Office designated by such Lender or to such L/C Issuer, as
the case may be, and that the provisions contained herein requiring that such
payments be made through any Agent are merely for the convenience of the parties
and do not create any liability of the Borrowers to the Agents for such
payments.
 
2.13  Sharing of Payments by Lenders.  If any Lender shall, by exercising any
right of setoff or counterclaim or otherwise, obtain payment in respect of any
principal of or interest on any of the Committed Loans made by it, or the
participations in L/C Obligations or in Swing Line Loans held by it resulting in
such Lender’s receiving payment of a proportion of the aggregate amount of such
Committed Loans or participations and accrued interest thereon greater than its
share thereof as provided herein, then the Lender receiving such greater
proportion shall (a) notify the Agents of such fact and (b) purchase (for cash
at face value) participations in the Committed Loans and, in the case of a
Primary Revolving Lender, subparticipations in L/C Obligations and Swing Line
Loans of the other Primary Revolving Lenders, or make such other adjustments as
shall be equitable, so that the benefit of all such payments shall be shared by
the Lenders ratably in accordance with the aggregate amount of principal of and
accrued interest on their respective Committed Loans and other amounts owing
them, provided that:
 
(i)  if any such participations or subparticipations are purchased and all or
any portion of the payment giving rise thereto is recovered, such participations
or subparticipations shall be rescinded and the purchase price restored to the
extent of such recovery, without interest; and
 
(ii)  the provisions of this Section shall not be construed to apply to (x) any
payment made by a Borrower pursuant to and in accordance with the express terms
of this Agreement or (y) any payment obtained by a Lender as consideration for
the assignment of or sale of a participation in any of its Committed Loans or
subparticipations in L/C Obligations or Swing Line Loans to any assignee or
participant, other than to the Company or any Subsidiary thereof (as to which
the provisions of this Section shall apply).
 
Subject to the provisions of Sections 10.06(d) and 10.06(e), each Borrower
consents to the foregoing and agrees, to the extent it may effectively do so
under applicable law, that any Lender acquiring a participation or
subparticipation pursuant to the foregoing arrangements may exercise against
such Borrower rights of setoff and counterclaim with respect to such
participation or subparticipation as fully as if such Lender were a direct
creditor of such Borrower in the amount thereof.
 
 
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2.14  Reserved.
 
2.15  Appointment of the Company as Agent of the Borrowers.  i)Each Borrower
(other than the Company) hereby irrevocably appoints and constitutes the Company
as its agent and attorney-in-fact for purposes of (i) providing any notice or
request notice under this Agreement or any other Loan Document, (ii) receiving
any notice or other communication hereunder from any Agent or Lender (and any
such notice or other communication provided to the Company shall be deemed to
have been provided to each of the other Borrowers), (iii) providing any consent
contemplated by Section 10.01 and (iv) taking any other action contemplated or
permitted to be taken by a Borrower under the terms of this Agreement or any
other Loan Document.  The Company hereby accepts such appointment by each
Borrower.
 
(b)  Each Borrower hereby expressly agrees that any Committed Loan Notice, any
request for the issuance of a Letter of Credit or the making of a Swing Line
Loan and any notice of prepayment under Section 2.05 or termination or reduction
of the Revolving Commitments under Section 2.06 given by the Company, and any
other action taken by the Company under this Agreement or any other Loan
Document on behalf of any Borrower, shall, in each case, be binding on such
Borrower as if such notice or request has been given, or such action has been
taken, by such Borrower, and enforceable against such Borrower in accordance
with its terms.
 
2.16  Concerning Subsidiary Borrowers.  i)The Company may at any time and from
time to time designate, (a) any Subsidiary to be a “Primary Revolving Borrower”
with the prior written consent of (i) in the case of a designation of any
Subsidiary that is organized and existing under the laws of the same
jurisdiction as the jurisdiction of organization of any other Primary Revolving
Borrower, the Required Primary Revolving Lenders and (ii) otherwise, each
Primary Revolving Lender and (b) any Subsidiary to be a “Singapore Revolving
Borrower” with the prior written consent of (i) in the case of a designation of
any Subsidiary that is organized and existing under the laws of Singapore, the
Required Singapore Revolving Lenders and (ii) otherwise, each Singapore
Revolving Lender, in each case by delivery to the Administrative Agent of a
Borrower Joinder Agreement executed by such Subsidiary and the Company.  Upon
delivery of such Borrower Joinder Agreement, together with such supporting
resolutions, incumbency certificates, opinions of counsel and other documents or
information as may be reasonably requested by the Administrative Agent, and
receipt of such prior written consent of the Lenders, such Subsidiary shall for
all purposes of this Agreement and the other Loan Documents be a Primary
Revolving Borrower or a Singapore Revolving Borrower, as the case may be, and a
party to this Agreement.
 
(b)           The Company may at any time and from time to time terminate the
designation of any Subsidiary as a “Primary Revolving Borrower” or a “Singapore
Revolving Borrower”, in each case by delivery to the Administrative Agent of a
written notice to that effect and specifying therein the date of effectiveness
of such termination; provided, however, that the Administrative Agent shall be
reasonably satisfied (and the Company shall represent and warrant to the
Administrative Agent in such notice) that no Loans made to, or Letters of Credit
issued for the account of, of such Subsidiary are outstanding on the date of
effectiveness of such termination and that all interest (and, to the extent
notified by any Lender to the Administrative Agent, any other amounts payable
under the Loan Documents) accrued under the Loan Documents as of the date of
effectiveness of such termination and payable by such Subsidiary shall have been
paid in full.  Upon the delivery of any such notice to the Administrative Agent,
the Subsidiary specified therein shall cease to have any right to have further
Loans made or have Letters of Credit issued for its account.
 
 
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ARTICLE III.
 
TAXES, YIELD PROTECTION AND ILLEGALITY
 
3.01  Taxes.  i)Payments Free of Taxes.  Any and all payments by or on account
of any obligation of the Borrowers hereunder or under any other Loan Document
shall be made free and clear of and without reduction or withholding for any
Indemnified Taxes or Other Taxes, provided that if any Borrower shall be
required by applicable law to deduct any Indemnified Taxes (including any Other
Taxes) from such payments, then (i) the sum payable shall be increased as
necessary so that after making all required deductions (including deductions
applicable to additional sums payable under this Section) the applicable Agent,
Lender or L/C Issuer, as the case may be, receives an amount equal to the sum it
would have received had no such deductions been made, (ii) such Borrower shall
make such deductions and (iii) such Borrower shall timely pay the full amount
deducted to the relevant Governmental Authority in accordance with applicable
law.
 
(b)  Payment of Other Taxes by the Borrowers.  Without limiting the provisions
of subsection (a) above, each Borrower shall timely pay any Other Taxes to the
relevant Governmental Authority in accordance with applicable law.
 
(c)  Indemnification by the Borrowers.  Each Borrower shall indemnify each
Agent, each Lender and each L/C Issuer, within 10 days after demand therefor,
for the full amount of any Indemnified Taxes or Other Taxes (including
Indemnified Taxes or Other Taxes imposed or asserted on or attributable to
amounts payable under this Section) paid by such Agent, such Lender or such L/C
Issuer, as the case may be, and any penalties, interest and reasonable expenses
arising therefrom or with respect thereto, whether or not such Indemnified Taxes
or Other Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority.  A certificate as to the amount of such payment or
liability delivered to a Borrower by the London Administrative Agent, the
Singapore Administrative Agent, a Lender or an L/C Issuer (with a copy to the
Administrative Agent), or by the Administrative Agent on its own behalf or on
behalf of the London Administrative Agent, the Singapore Administrative Agent, a
Lender or an L/C Issuer, shall be conclusive absent manifest error.
 
(d)  Evidence of Payments.  As soon as practicable after any payment by any
Borrower to a Governmental Authority of Indemnified Taxes or Other Taxes on
behalf of any Agent, Lender or L/C Issuer, such Borrower shall deliver to the
Administrative Agent the original or a certified copy of a receipt issued by
such Governmental Authority evidencing such payment, if any, a copy of the
return reporting such payment or other evidence of such payment reasonably
satisfactory to the Administrative Agent.
 
 
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(e)  Status of Lenders.  Any Foreign Lender that is entitled to an exemption
from or reduction of withholding tax under the law of the jurisdiction in which
a Borrower is resident for tax purposes, or any treaty to which such
jurisdiction is a party, with respect to payments hereunder or under any other
Loan Document shall deliver to the Company (with a copy to the Administrative
Agent and, if such Lender is an Singapore Revolving Lender, the Singapore
Administrative Agent), at the time or times prescribed by applicable law or
reasonably requested by the Company or any Agent, to the extent that such Lender
is reasonably able to do so in a timely manner, such properly completed and
executed documentation prescribed by applicable law as will permit such payments
to be made without withholding or at a reduced rate of withholding.  In
addition, any Lender, if requested by the Company or any Agent, shall, to the
extent that such Lender is reasonably able to do so in a timely manner, deliver
such other documentation prescribed by applicable law or reasonably requested by
the Company or any Agent as will enable the Company or such Agent to determine
whether or not such Lender is subject to backup withholding or information
reporting requirements.
 
Without limiting the generality of the foregoing, in the event that a Borrower
is resident for tax purposes in the United States, any Primary Revolving Lender
that is a Foreign Lender with respect to such Borrower shall deliver to Company
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 Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the request of the
Company or the Administrative Agent, but only if such Lender is legally entitled
to do so), whichever of the following is applicable:
 
(i)  duly completed copies of Internal Revenue Service Form W-8BEN claiming
eligibility for benefits of an income tax treaty to which the United States is a
party,
 
(ii)  duly completed copies of Internal Revenue Service Form W-8ECI,
 
(iii)  in the case of a Foreign Lender claiming the benefits of the exemption
for portfolio interest under section 881(c) of the 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 Code, (B) a “10 percent shareholder” of the
applicable Borrower within the meaning of section 881(c)(3)(B) of the Code, or
(C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the
Code and (y) duly completed copies of Internal Revenue Service Form W-8BEN, or
 
(iv)  any other form prescribed by applicable law as a basis for claiming
exemption from or a reduction in United States Federal withholding tax duly
completed, together with such supplementary documentation as may be prescribed
by applicable law to permit the Company to determine the withholding or
deduction required to be made.
 
Without limiting the obligations of the Lenders set forth above regarding
delivery of certain forms and documents to establish each Lender’s status for
U.S. withholding tax purposes, if reasonably requested by the Company or any
Agent, each Lender agrees promptly to deliver, to the extent that such Lender is
reasonably able to do so in a timely manner, to the Company or such Agent such
other documents and forms required by any relevant taxing authorities under the
Laws of any other jurisdiction, duly executed and completed by such Lender, as
are required under such Laws to confirm such Lender’s entitlement to any
available exemption from, or reduction of, applicable withholding taxes in
respect of all payments to be made to such Lender outside of the U.S. by the
Borrowers pursuant to this Agreement or otherwise to establish such Lender’s
status for withholding tax purposes in such other jurisdiction.
 
 
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Each Lender shall, to the extent that such Lender is reasonably able to do so in
a timely manner, promptly (i) notify the Administrative Agent (and, if such
Lender is an Singapore Revolving Lender, the Singapore Administrative Agent) of
any change in circumstances which would modify or render invalid any such
claimed exemption or reduction and (ii) 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 such jurisdiction
that any Borrower make any deduction or withholding for taxes from amounts
payable to such Lender.  Additionally, if reasonably requested by any Lender or
any Agent, each of the Borrowers shall promptly deliver to such Lender (with a
copy to the Administrative Agent and, if such Lender is a Singapore Revolving
Lender, the Singapore Administrative Agent) or such Agent such documents and
forms required by any relevant taxing authorities under the Laws of any
jurisdiction, duly executed and completed by such Borrower to the extent
applicable to such Borrower, as are required to be furnished by such Lender or
Agent under such Laws in connection with any payment by any Agent or any Lender
of Taxes or Other Taxes, or otherwise in connection with the Loan Documents,
with respect to such jurisdiction.
 
(f)  Treatment of Certain Refunds.  If any Agent, Lender or L/C Issuer
determines, in good faith, that it has received a refund of any Taxes or Other
Taxes as to which it has been indemnified by any Borrower or with respect to
which any Borrower has paid additional amounts pursuant to this Section, it
shall pay to such Borrower an amount equal to such refund (but only to the
extent of indemnity payments made, or additional amounts paid, by such Borrower
under this Section with respect to the Taxes or Other Taxes giving rise to such
refund), net of all out-of-pocket expenses of such Agent, Lender or 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
Borrower, upon the request of such Agent, Lender or L/C Issuer, agrees to repay
the amount paid over to such Borrower (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) to such Agent, Lender or
L/C Issuer in the event such Agent, Lender or L/C Issuer is required to repay
such refund to such Governmental Authority.  This subsection shall not be
construed to require any Agent, Lender or L/C Issuer to make available its tax
returns (or any other information relating to its taxes that it deems
confidential) to any Borrower or any other Person.
 
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 Eurocurrency
Rate Loans (whether denominated in Dollars or an Alternative Currency), 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 or any
Alternative Currency in the applicable interbank market, then, on notice thereof
by such Lender to the Company through the Administrative Agent, any obligation
of such Lender to make or continue Eurocurrency Rate Loans in the affected
currency or currencies, under the affected Class of Loans or Commitments or, in
the case of Eurocurrency Rate Loans in Dollars, to convert Dollar Domestic Loans
to Eurocurrency Rate Loans, shall be suspended until such Lender notifies the
Administrative Agent and the Company that the circumstances giving rise to such
determination no longer exist.  Upon receipt of such notice, the Borrowers
shall, upon demand from such Lender (with a copy to the Administrative Agent),
prepay or, if applicable and such Loans are denominated in Dollars, convert all
such Eurocurrency Rate Loans of such Lender to Base Rate Loans, either on the
last day of the Interest Period therefor, if such Lender may lawfully continue
to maintain such Eurocurrency Rate Loans to such day, or immediately, if such
Lender may not lawfully continue to maintain such Eurocurrency Rate Loans.  Upon
any such prepayment or conversion, the Borrowers shall also pay accrued interest
on the amount so prepaid or converted.
 
 
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3.03  Inability to Determine Rates.  If (a) the Required Term Lenders, in the
case of a determination in respect of the Term Facility, (b) the Required
Primary Revolving Lenders, in the case of a determination in respect of the
Primary Revolving Subfacility, or (c) the Required Singapore Revolving Lenders,
in the case of a determination in respect of the Singapore Revolving
Subfacility, determine that for any reason in connection with any request for a
Eurocurrency Rate Loan or a conversion to or continuation thereof that (i)
deposits (whether denominated in Dollars or an Alternative Currency) are not
being offered to banks in the applicable offshore interbank market for such
currency for the applicable amount and Interest Period of such Eurocurrency Rate
Loan, (ii) adequate and reasonable means do not exist for determining the
Eurocurrency Rate for any requested Interest Period with respect to a proposed
Eurocurrency Rate Loan (whether denominated in Dollars or an Alternative
Currency) or (iii) the Eurocurrency Rate for any requested Interest Period with
respect to a proposed Eurocurrency Rate Loan does not adequately and fairly
reflect the cost to such Lenders of funding such Eurocurrency Rate Loan, and
such Lenders advise the Administrative Agent accordingly, the Administrative
Agent will promptly so notify the Company and each Lender of the applicable
Class.  Thereafter, until the Administrative Agent (upon the instruction of
the  Required Term Lenders, the Required Primary Revolving Lenders or the
Required Singapore Revolving Lenders, as applicable) revokes such notice (which
such Lenders agree promptly to do upon becoming aware that the applicable
condition described in clauses (i) through (iii) above have ceased to exist),
(A) any request for a Committed Borrowing of, or conversion to, Eurocurrency
Rate Loans shall be ineffective, (B) any request for continuation of
Eurocurrency Rate Loans that are Dollar Domestic Loans shall be deemed to be a
request to convert such Eurocurrency Rate Loans, at the end of the Interest
Period then applicable thereto, into Base Rate Loans and (C) each outstanding
Eurocurrency Rate Loan denominated in an Alternative Currency or made to a
Foreign Borrower shall, at the end of the Interest Period then applicable
thereto, bear interest at the Applicable Rate for Eurocurrency Rate Loans plus a
rate determined by the Administrative Agent to be representative of the Lenders’
cost of funding such Loans.  Each determination by the Administrative Agent
pursuant to this Section 3.03 shall be conclusive absent manifest error.
 
3.04  Increased Costs; Reserves on Eurocurrency Rate Loans.
 
(a)  Increased Costs Generally.  If any Change in Law shall:
 
(i)  impose, modify or deem applicable any reserve, special deposit, compulsory
loan, insurance charge or similar requirement against assets of, deposits with
or for the account of, or credit extended or participated in by, any Lender
(except (A) any reserve requirement reflected in the definition of “Eurocurrency
Rate” and (B) the requirements of the Bank of England and the Financial Services
Authority or the European Central Bank reflected in the Mandatory Cost, other
than as set forth below) or any L/C Issuer;
 
 
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(ii)  subject any Lender or any L/C Issuer to any tax of any kind whatsoever
with respect to this Agreement, any Letter of Credit, any participation in a
Letter of Credit or any Eurocurrency Rate Loan made by it, or change the basis
of taxation of payments to such Lender or such L/C Issuer in respect thereof
(except for Indemnified Taxes or Other Taxes covered by Section 3.01 and the
imposition of, or any change in the rate of, any Excluded Tax payable by such
Lender or such L/C Issuer);
 
(iii)  the Mandatory Cost, as calculated hereunder, does not represent the cost
to any Lender of complying with the requirements of the Bank of England and/or
the Financial Services Authority or the European Central Bank in relation to its
making, funding or maintaining Eurocurrency Rate Loans; or
 
(iv)  impose on any Lender or any L/C Issuer or the London interbank market any
other condition, cost or expense affecting this Agreement or Eurocurrency Rate
Loans made by such Lender or any Letter of Credit or participation therein;
 
and the result of any of the foregoing shall be to increase the cost to such
Lender of making or maintaining any Eurocurrency Rate Loan (or of maintaining
its obligation to make any such Loan), or to increase the cost to such Lender or
such L/C Issuer of participating in, issuing or maintaining any Letter of Credit
(or of maintaining its obligation to participate in or to issue any Letter of
Credit), or to reduce the amount of any sum received or receivable by such
Lender or such L/C Issuer hereunder (whether of principal, interest or any other
amount) then, upon request of such Lender or such L/C Issuer, the Company will
pay (or cause the applicable Borrower to pay) to such Lender or such L/C Issuer,
as the case may be, such additional amount or amounts as will compensate such
Lender or such L/C Issuer, as the case may be, for such additional costs
incurred or reduction suffered.
 
(b)  Capital Requirements.  If any Lender or any L/C Issuer determines that any
Change in Law affecting such Lender or such L/C Issuer or any Lending Office of
such Lender or such Lender’s or such L/C Issuer’s holding company, if any,
regarding capital requirements has or would have the effect of reducing the rate
of return on such Lender’s or such L/C Issuer’s capital or on the capital of
such Lender’s or such L/C Issuer’s holding company, if any, as a consequence of
this Agreement, the Commitments of such Lender or the Loans made by, or
participations in Letters of Credit held by, such Lender, or the Letters of
Credit issued by such L/C Issuer, to a level below that which such Lender or
such L/C Issuer or such Lender’s or such L/C Issuer’s holding company could have
achieved but for such Change in Law (taking into consideration such Lender’s or
such L/C Issuer’s policies and the policies of such Lender’s or such L/C
Issuer’s holding company with respect to capital adequacy), then from time to
time the Company will pay (or cause the applicable Borrower to pay) to such
Lender or such L/C Issuer, as the case may be, such additional amount or amounts
as will compensate such Lender or such L/C Issuer or such Lender’s or such L/C
Issuer’s holding company for any such reduction suffered.
 
(c)  Certificates for Reimbursement.  A certificate of a Lender or an L/C Issuer
setting forth the amount or amounts necessary to compensate such Lender or such
L/C Issuer or its holding company, as the case may be, as specified in
subsection (a) or (b) of this Section and delivered to the Company shall be
conclusive absent manifest error.  The Company shall pay (or cause the
applicable Borrower to pay) such Lender or such L/C Issuer, as the case may be,
the amount shown as due on any such certificate within 10 days after receipt
thereof.
 
 
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(d)  Delay in Requests.  Failure or delay on the part of any Lender or any L/C
Issuer to demand compensation pursuant to the foregoing provisions of this
Section shall not constitute a waiver of such Lender’s or such L/C Issuer’s
right to demand such compensation, provided that no Borrower shall be required
to compensate a Lender or an L/C Issuer pursuant to the foregoing provisions of
this Section for any increased costs incurred or reductions suffered more than
nine months prior to the date that such Lender or such L/C Issuer, as the case
may be, notifies the Company of the Change in Law giving rise to such increased
costs or reductions and of such Lender’s or such L/C Issuer’s intention to claim
compensation therefor (except that, if the Change in Law giving rise to such
increased costs or reductions is retroactive, then the nine-month period
referred to above shall be extended to include the period of retroactive effect
thereof).
 
3.05  Compensation for Losses.  i)Upon demand of any Lender (with a copy to the
Administrative Agent) from time to time, the Company shall promptly compensate
(or cause the applicable Borrower to compensate) such Lender for and hold such
Lender harmless from any loss, cost or expense incurred by it as a result of:
 
(i)  any continuation, conversion, payment or prepayment of any Eurocurrency
Rate Loan on a day other than the last day of the Interest Period for such Loan
(whether voluntary, mandatory, automatic, by reason of acceleration, or
otherwise);
 
(ii)  any failure by any Borrower (for a reason other than the failure of such
Lender to make a Loan) to prepay, borrow, continue or convert any Eurocurrency
Rate Loan on the date or in the amount notified by the Company or the applicable
Borrower (regardless of whether such notice may be revoked under this
Agreement); or
 
(iii)  any assignment of any Eurocurrency Rate Loan on a day other than the last
day of the Interest Period therefor as a result of a request by the Company
pursuant to Section 10.13;
 
including any loss of anticipated profits, any foreign exchange losses and any
loss or expense arising from the liquidation or reemployment of funds obtained
by it to maintain such Loan, from fees payable to terminate the deposits from
which such funds were obtained or from the performance of any foreign exchange
contract.
 
For purposes of calculating amounts payable by the Company (or the applicable
Borrower) to the Lenders under this Section 3.05, each Lender shall be deemed to
have funded each Eurocurrency Rate Loan made by it at the Eurocurrency Base Rate
used in determining the Eurocurrency Rate for such Loan by a matching deposit or
other borrowing in the offshore interbank market for such currency for a
comparable amount and for a comparable period, whether or not such Eurocurrency
Rate Loan was in fact so funded.
 
(b)  Failure or delay on the part of any Lender to demand compensation pursuant
to the foregoing provisions of this Section shall not constitute a waiver of
such Lender’s right to demand such compensation, provided that no Borrower shall
be required to compensate a Lender pursuant to the foregoing provisions of this
Section for any loss, cost or expense suffered more than nine months prior to
the date that such Lender demands compensation therefor pursuant to this
Section.
 
 
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3.06  Mitigation Obligations; Replacement of Lenders.  i)Designation of a
Different Lending Office.  If any Lender requests compensation under Section
3.04, or any Borrower is required to pay any additional amount to any Lender or
any Governmental Authority for the account of any Lender pursuant to Section
3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender
shall use reasonable efforts to designate a different Lending Office for funding
or booking its Loans hereunder or to assign its rights and obligations hereunder
to another of its offices, branches or affiliates, if, in the judgment of such
Lender, such designation or assignment (i) would eliminate or reduce amounts
payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or
eliminate the need for the notice pursuant to Section 3.02, as applicable, and
(ii) in each case, would not subject such Lender to any unreimbursed cost or
expense and would not otherwise be disadvantageous to such Lender or to such
Borrower.  The Company hereby agrees to pay (or to cause the applicable Borrower
to pay) all reasonable costs and expenses incurred by any Lender in connection
with any such designation or assignment.
 
(b)  Replacement of Lenders.  If any Lender requests compensation under Section
3.04, or if any Borrower is required to pay any additional amount to any Lender
or any Governmental Authority for the account of any Lender pursuant to Section
3.01, the Company may replace such Lender in accordance with Section 10.13.
 
3.07  Survival.  All of the Borrowers’ obligations under this Article III shall
survive termination of the Commitments and repayment of all other Loan Documents
Obligations hereunder.
 
ARTICLE IV.
 
CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
 
4.01  Conditions of Initial Credit Extension.  The obligation of each L/C Issuer
and each Lender to make its initial Credit Extension hereunder was subject to
satisfaction of the following conditions precedent:
 
(a)  Loan and Corporate Documents, Etc.  The Administrative Agent shall have
received the following, in each case where applicable properly executed by a
Responsible Officer of the signing Loan Party, dated the Closing Date (or, in
the case of certificates of governmental officials or transcripts from public
registers, a recent date before the Closing Date) and in form and substance
satisfactory to the Administrative Agent:
 
(i)  executed counterparts of this Agreement;
 
(ii)  such certificates of resolutions or other action, incumbency certificates
and other certificates of a Responsible Officer of each Loan Party as the
Administrative Agent may require to evidence the identity, authority and
capacity of each Person authorized to act as a Responsible Officer of such Loan
Party in connection with this Agreement and the other Loan Documents to which
such Loan Party was a party;
 
 
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(iii)  such documents and certifications as the Administrative Agent may
reasonably require to evidence that each Loan Party is duly organized or formed
and is validly existing, in good standing and qualified to engage in business;
 
(iv)  a certificate of a Responsible Officer of each Loan Party either (A)
attaching copies of all consents, licenses and approvals required in connection
with the execution, delivery and performance by such Loan Party and the validity
against such Loan Party of the Loan Documents to which it is a party, which
consents, licenses and approvals shall be in full force and effect, or (B)
stating that no such consents, licenses or approvals are so required;
 
(v)  a certificate of the chief financial officer of the Company certifying that
(A) the conditions specified in the first sentence of Section 4.01(e) and
Sections 4.01(f) (other than the last sentence thereof), 4.01(g), 4.01(k),
4.01(l), 4.02(a) and 4.02(b) have been satisfied and (B) there has been no event
or circumstance since the date of the Audited Financial Statements that has had
or could be reasonably expected to have, either individually or in the
aggregate, a Material Adverse Effect;
 
(vi)  a certificate from the chief financial officer of the Company attesting to
the Solvency of the Loan Parties before and after giving effect to the
Transactions;
 
(vii)  a certificate of a Responsible Officer of the Company setting forth the
Existing CapEx Carry-Over Amount;
 
(viii)  insurance certificates evidencing effectiveness of insurance required to
be maintained pursuant to the Loan Documents;
 
(ix)  Committed Loan Notices and Letter of Credit Applications relating to the
initial Credit Extensions; and
 
(x)  such other assurances, certificates, documents, consents or opinions as the
Administrative Agent reasonably may require.
 
(b)  Fees and Expenses.  Any fees required to be paid on or before the Closing
Date shall have been paid.  Unless waived by the Administrative Agent, the
Company shall have paid all fees, charges and disbursements of counsel to the
Administrative Agent to the extent invoiced prior to or on the Closing Date,
plus such additional amounts of such fees, charges and disbursements as shall
constitute its reasonable estimate of such fees, charges and disbursements
incurred or to be incurred by it through the closing proceedings (provided that
such estimate shall not thereafter preclude a final settling of accounts between
the Company and the Administrative Agent).
 
(c)  Lien Searches.  The Administrative Agent shall have received the results of
a recent lien search of the Loan Parties in locations designated by the
Administrative Agent, and such search shall reveal no Liens on any of the assets
of the Loan Parties except for Liens expressly permitted hereunder or discharged
on or prior to the Closing Date pursuant to documentation satisfactory to the
Administrative Agent.
 
 
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(d)  Legal Opinions.  The Administrative Agent shall have received the following
executed legal opinions:
 
(i)  the favorable legal opinion of Drinker Biddle & Reath LLP, counsel to the
Company and its Subsidiaries, and the favorable opinion of in-house counsel, in
each case addressed to each Agent, each Lender and each L/C Issuer and dated the
Closing Date and covering such matters concerning the Loan Parties and the Loan
Documents as the Administrative Agent may reasonably request; and
 
(ii)  a favorable legal opinion of such local counsel to the Foreign Loan
Parties as the Administrative Agent may request, in each case addressed to each
Agent, each Lender and each L/C Issuer and dated the Closing Date and covering
such matters concerning the Loan Parties and the Loan Documents as the
Administrative Agent may reasonably request.
 
(e)  Sonion Acquisition.  The conditions set forth in the Sonion Purchase
Agreement shall have been satisfied and the Sonion Acquisition shall have been,
or substantially concurrently with the initial Credit Extension shall be,
consummated in accordance with applicable law and the Sonion Purchase Agreement,
in each case without giving effect to any waivers or amendments thereunder that,
individually or in the aggregate, could have consequences adverse to the Lenders
in any material respect and that have not been consented to by the
Arranger.  The Administrative Agent shall have received a copy of the Sonion
Purchase Agreement and all certificates and opinions delivered thereunder,
certified by a Responsible Officer of the Company as complete and correct.
 
(f)  Existing Indebtedness.  The Company shall have repaid, or shall
substantially concurrently with the initial Credit Extension repay, all amounts
outstanding under the Existing Company Credit Agreement, and all commitments
thereunder and liens created in connection therewith shall have been, or shall
substantially concurrently with the initial Credit Extension be, terminated and
released.  Substantially concurrently with the initial Credit Extension, (i)
Pulse Denmark shall have made the Sonion Intercompany Loan to Sonion and (ii)
immediately following the receipt of the proceeds of the Sonion Intercompany
Loan, Sonion shall apply the proceeds thereof to repay all amounts outstanding
under the Existing Sonion Credit Agreement, and, concurrently therewith, all
commitments thereunder and all liens created in connection therewith shall be
terminated and released.  After giving effect to the Transactions, none of the
Company, Sonion or any other Subsidiary shall have any Indebtedness, except (i)
Indebtedness created under the Loan Documents, (ii) Indebtedness set forth on
Schedule 7.03(b), and (iii) Indebtedness owed to the Company or any Subsidiary,
or any combination thereof.  The Administrative Agent shall have received
complete and correct copies of documentation evidencing the Sonion Intercompany
Loan.
 
(g)  Certain Equity Securities.  After giving effect to the Transactions, (i)
none of the Company, Sonion or any other Subsidiary shall have outstanding any
preferred Equity Interest and (ii) Sonion shall have no outstanding share
capital (or any warrants or securities convertible into, or exchangeable or
exercisable for, share capital) other than share capital owned by the Company
and its Subsidiaries and treasury shares owned by Sonion.
 
 
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(h)  Guarantees.  The Guarantee Requirement (as defined in the Original Credit
Agreement) shall have been satisfied.
 
(i)  Financial Statements.  The Administrative Agent shall have received the
financial statements referred to in Section 5.05.
 
(j)  Financial Projections.  The Administrative Agent shall have received the
consolidated financial projections of the Company, prepared in accordance with
GAAP and giving effect to the Transactions, for the fiscal quarter of the
Company ended December 28, 2007, and for the fiscal years of the Company 2008
through 2012 (which projections, in the case of projections for 2008 and 2009,
shall be presented on a quarterly basis), in form and substance reasonably
satisfactory to the Lenders.
 
(k)  Consents.  All governmental, shareholder and other consents and approvals
necessary in connection with the Transactions shall have been received and shall
be in full force and effect.
 
(l)  Litigation.  The absence of any action, suit, investigation or proceeding
pending or, to the knowledge of the Loan Parties, threatened or contemplated, in
any court or before any arbitrator or governmental authority that would
reasonably be expected to have a Material Adverse Effect.
 
(m)  Closing Date.  The Closing Date shall have occurred on February 28, 2008.
 
(n)  Patriot Act Compliance.  At least five Business Days prior to the Closing
Date, the Lenders shall have received all documentation and other information
required by Governmental Authorities under applicable “know your customer” and
anti-money laundering rules and regulations, including, without limitation, the
USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)
(the “Patriot Act”)).
 
4.02  Conditions to all Credit Extensions.  The obligation of each Lender and
each L/C Issuer to honor any Request for Credit Extension (other than a
Committed Loan Notice requesting only a conversion of Committed Loans to the
other Type, or a continuation of Eurocurrency Rate Loans) is subject to the
following conditions precedent:
 
(a)  The representations and warranties of (i) the Borrowers contained in
Article V and (ii) each Loan Party contained in any other Loan Document, or in
any document furnished at any time under or in connection herewith or therewith,
shall be true and correct in all material respects on and as of the date of such
Credit Extension, 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 Section 4.02  (A) the representations and warranties contained
in Sections 5.05(a) and 5.05(b)(except with respect to the representation and
warranty set forth in Section 5.05(a)(iv)) shall be deemed to refer to the most
recent financial statements furnished pursuant to Section 6.01(a) or 6.01(b),
respectively, and (B) in the case of the initial Credit Extension, the
representations and warranties contained in the Loan Documents, insofar as they
relate to Sonion and its Subsidiaries, shall be made only to the best knowledge
of the Company.
 
 
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(b)  No Default shall exist or would result from such proposed Credit Extension
or the application of the proceeds thereof.
 
(c)  The Applicable Agent and, if applicable, the applicable L/C Issuer or the
Swing Line Lender shall have received a Request for Credit Extension in
accordance with the requirements hereof.
 
(d)  In the case of a Request for a L/C Credit Extension, the applicable Primary
Revolving Borrower shall have Cash Collateralized the L/C Obligations in respect
of the applicable Letter of Credit in accordance with Section 2.03(g).
 
4.03  Representations.  Each Request for Credit Extension (other than a
Committed Loan Notice requesting only a conversion of Committed Loans to the
other Type or a continuation of Eurocurrency Rate Loans) submitted by the
Company shall be deemed to be a representation and warranty by the Company and,
if not the Company, the applicable Borrower that the conditions specified in
Sections 4.02(a) and 4.02(b) have been satisfied on and as of the date of the
applicable Credit Extension.
 
ARTICLE V.
REPRESENTATIONS AND WARRANTIES
 
Except as otherwise provided in Section 5.20, each Borrower represents and
warrants to the Agents, the Lenders and the L/C Issuers that:
 
5.01  Existence, Qualification and Power.  Each Loan Party and each of its
Subsidiaries (a) is a corporation, partnership, limited partnership, limited
liability company or other legal business entity duly incorporated or organized,
as the case may be, validly existing, and (to the extent the concept is
applicable in such jurisdiction) in good standing under the laws of the
jurisdiction of its formation, (b) has the requisite corporate power and
authority to own its assets and to transact the business in which it is now
engaged or proposed to be engaged in and (c) is duly qualified as a foreign
corporation or company and in good standing under the laws of each other
jurisdiction in which such qualification is required and in which the failure to
so qualify would have a Material Adverse Effect.
 
5.02  Authorization; No Contravention.  The execution, delivery, and performance
by each Loan Party of the Loan Documents to which it is or is to be a party, and
the consummation of the Transactions, have been duly authorized by all necessary
corporate or other organizational action and do not and will not (a) require any
consent or approval of the share­holders or members or other equityholders of
such Loan Party not already received or obtained, (b) contravene such Loan
Party’s Organization Documents, (c) violate any provision of any law, rule,
regulation (including, without limitation, Regulation U of the FRB), order writ,
judgment, injunction, decree, determination, or award presently in effect having
applicability to such Loan Party, (d) result in a breach of, or constitute a
default under, any indenture or loan or credit agreement or any other material
agreement, lease, or instrument to which such Loan Party is a party or by which
it or its properties may be bound or affected, or give rise to a right
thereunder to require any payment, repurchase or redemption to be made by such
Loan Party (other than the payment of the Sonion Acquisition Consideration and
other amounts payable under the Sonion Purchase Agreement), or give rise to a
right of, or result in, termination, cancellation, acceleration or right of
renegotiation of any obligations thereunder, or (e) result in, or require, the
creation or imposition of any Lien upon or with respect to any of the properties
now owned or hereafter acquired by such Loan Party, except for Liens created
under the Loan Documents.
 
 
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5.03  Governmental Authorization; Other Consents.  No approval, consent,
exemption, authorization, or other action by, or notice to, or filing with, any
Governmental Authority or any other Person is necessary or required in
connection with the execution, delivery or performance by, or enforcement
against, any Loan Party of this Agreement or any other Loan Document, except (a)
such as have been obtained or made and are in full force and effect and (b)
filings necessary to perfect Liens created under the Loan Documents.
 
5.04  Binding Effect.  This Agreement has been, and each of the other Loan
Documents when delivered hereunder will have been, duly and validly executed by
each Loan Party that is a party thereto.  This Agreement constitutes, and each
other Loan Document when so delivered will constitute, the legal, valid, and
binding obligations of each Loan Party that is a party thereto, enforceable
against such Loan Party in accordance with its terms, except to the extent that
such enforcement may be limited by applicable bankruptcy, insolvency, and other
similar laws affecting creditor’s rights generally.
 
5.05  Financial Statements; No Material Adverse Effect; No Internal Control
Event.  i)Except as set forth on Schedule 5.05, as to the Company and each of
its Subsidiaries:
 
(i)  the Audited Financial Statements, together with the opinion thereon of KPMG
LLP, independent certified public accountants, and the consolidated balance
sheet of the Company and its Subsidiaries as of March 30, 2007, June 29, 2007
and September 28, 2007, and the related consolidated statements of operations,
changes in shareholders’ equity and cash flows for the fiscal quarters and the
portion of the fiscal year then ended, copies of which have been furnished to
the Administrative Agent and the Lenders, fairly present, in all material
respects, their financial condition as at such dates and the results of their
operations and cash flows for the periods covered by such statements, all in
accordance with GAAP (subject to year-end adjustments and the absence of
footnotes in the case of the quarterly financial statements);
 
(ii)  the consolidated balance sheet of Sonion and its Subsidiaries as of
December 31, 2006, and the related consolidated statements of income, movements
in equity and cash flows of Sonion and its Subsidiaries for the fiscal year then
ended, together with the opinion thereon of Deloitte & Touche LLP, independent
certified public accountants, and the consolidated balance sheet of Sonion and
its Subsidiaries as of September 30, 2007, and the related consolidated
statements of income, movements in equity and cash flows of Sonion and its
Subsidiaries for the fiscal quarters and the portion of the fiscal year then
ended, copies of which have been furnished to the Administrative Agent and the
Lenders, fairly present, in all material respects, their financial condition as
at such dates and the results of their operations and cash flows for the periods
covered by such statements, all in accordance with IFRS (subject to year-end
adjustments and the absence of footnotes in the case of the quarterly financial
statements);
 
 
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(iii)  the pro forma consolidated balance sheet of the Company and its
Subsidiaries and the related pro forma consolidated statements of operations,
changes in shareholders’ equity and cash flows as of and for the 12-month period
ended on December 31, 2007, have been prepared giving effect to the Transactions
as if the Transactions had occurred, with respect to such balance sheet, on such
date and, with respect to such other financial statements, on the first day of
such period, and such pro forma financial statements (i) have been prepared by
the Company in good faith, based on assumptions used to prepare the pro forma
consolidated financial statements included in the Information Memorandum (which
assumptions were believed by the Company on the Closing Date to be reasonable),
(ii) are based on the best information available to the Company as of the date
of delivery thereof after due inquiry, (iii) accurately reflect all material
adjustments necessary to give effect to the Transactions and (iv) fairly
present, in all material respects, their pro forma financial condition as at
such dates and the results of their operations and cash flows for the periods
covered by such statements, as if the Transactions had occurred on such date or
at the beginning of such period, as the case may be;
 
(iv)  except as disclosed prior to the execution of the Third Amendment
Agreement in the Company’s public filings with the SEC or otherwise disclosed
prior to the execution of the Third Amendment Agreement to the Lenders, since
September 30, 2011, there has been no material adverse change in the
consolidated condition (financial or otherwise), business, or operations of the
Company and its Subsidiaries, taken as a whole;
 
(v)  there are no liabilities, fixed or contingent, which are material to the
Company and its Subsidiaries, taken as a whole, but are not reflected in the
financial statements (or the notes thereto) referred to in clause (i) or (i)
above, other than (A) liabilities created under the Loan Documents or the Sonion
Purchase Agreement, (B) liabilities arising in the ordinary course of business
since December 31, 2010 and (C) liabilities not required to be reflected on a
balance sheet under GAAP; and
 
(vi)  as of the Closing Date, the Company and its Subsidiaries are not indebted
under any credit agreement, indenture, purchase agreement (excluding trade
debt), guaranty, Capital Lease, or other investment or agreement relating to
Indebtedness for Money Borrowed, except as disclosed in the financial statements
referred to in clause (i) or (ii) above or the notes thereto and except for
Indebtedness for Money Borrowed created under the Loan Documents.
 
(b)  Since the date of the most recent balance sheet included in the Audited
Financial Statements, no Internal Control Event has occurred involving (i) fraud
of management or other employees who have significant roles in the Company’s
internal controls over financial reporting or (ii) a material weakness in the
Company’s internal controls over financial reporting which has had or could
reasonably be expected to have, individually or in the aggregate, a negative
impact on the Company’s financial statements in excess of the Threshold Amount,
to which the Required Lenders have reasonably objected.
 
 
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5.06  Litigation.  Except as set forth in Schedule 5.06, there is no action,
suit, proceeding, claim or dispute pending or, to the knowledge of the Company
or any of its Subsidiaries, threatened, at law, in equity, in arbitration or
before any Governmental Authority, by or against the Company or any of its
Subsidiaries or against any of their properties or revenues that, individually
or in the aggregate, could reasonably be expected to have a Material Adverse
Effect.  Since the Second Restatement Effective Date, there has been no change
in the status of the matters disclosed on Schedule 5.06 that, individually or in
the aggregate, has resulted in, or materially increased the likelihood of, a
Material Adverse Effect.
 
5.07  No Default.  Neither the Company nor any Subsidiary is in default under or
with respect to any Contractual Obligation that could, either individually or in
the aggregate, reasonably be expected to have a Material Adverse Effect.  No
Default has occurred and is continuing or would result from the consummation of
the transactions contemplated by this Agreement or any other Loan Document.
 
5.08  Ownership of Property.  The Company and each of its Subsidiaries have
title to, or valid leasehold interests in, all of its material properties and
assets, real and personal, necessary or used in the ordinary conduct of their
business.
 
5.09  Environmental Compliance.  Except as set forth on Schedule 5.09 and except
for such matters as could not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect, none of the Company, its
Subsidiaries or any real property owned or leased by the Company or any of its
Subsidiaries is in violation of any applicable Environmental Laws, no Hazardous
Materials are present on any of said real property except in accordance with
applicable law and neither the Company nor any of its Subsidiaries has been
identified in any litigation, administrative proceedings or investigation as a
responsible or potentially responsible party for any Environmental Liability.
 
5.10  Insurance.  The properties of the Company and its Subsidiaries are insured
with financially sound and reputable insurance companies not Affiliates of the
Company, in such amounts, with such deductibles and covering such risks as are
customarily carried by companies engaged in similar businesses and owning
similar properties in localities where the Company or the applicable Subsidiary
operates.
 
5.11  Taxes.  The Company and each of its Subsidiaries have filed all material
tax returns (foreign, federal, state, and local) required to be filed and,
except for such amounts as are being contested in good faith and for which
adequate reserves are established on its books and records in accordance with
GAAP, have paid all taxes, assessments, and governmental charges and levies
thereon to be due, or levied or imposed upon them, including any applicable
interest and penalties.  There is no proposed tax assessment against the Company
or any Subsidiary that would, if made, have a Material Adverse Effect.  Neither
the Company nor any Subsidiary thereof is party to any tax sharing agreement,
except for tax sharing agreements among wholly-owned Subsidiaries.
 
 
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5.12  ERISA Compliance.  Each Plan is in compliance in all respects with all
applicable provisions of ERISA and the Code, and the regulations and published
interpretations thereunder.  Except as set forth on Schedule 5.12, no ERISA
Event or prohibited transaction or violation of the fiduciary responsibility
rules with respect to any Plan has occurred and is continuing, or could
reasonably be expected to occur, with respect to any Plan; no notice of intent
to terminate a Pension Plan has been filed nor has any Plan been terminated
under circumstances which could result in any material liability to the PBGC; no
circumstances exist which constitute grounds under Section 4042 of ERISA
entitling the PBGC to institute proceedings to terminate, or appoint a trustee
to administer, a Plan, nor has the PBGC instituted any such proceedings; neither
the Company nor any of its Subsidiaries, nor any of their respective ERISA
Affiliates has, within the last six years, completely or partially withdrawn
under Sections 4201 or 4204 of ERISA from a Multiemployer Plan to the extent
ERISA applies to such Loan Party; the Company, each of its Subsidiaries and each
ERISA Affiliate have met their minimum funding requirements under ERISA with
respect to each Plan and there is no failure to satisfy the minimum funding
standards (as defined in Section 302 of ERISA) with respect to any Plan to which
such standard applies; and neither the Company, the other Loan Parties nor any
ERISA Affiliate has incurred any liability to the PBGC under ERISA (other than
for payment of premiums to PBGC not delinquent).  Notwithstanding the foregoing,
there shall not be deemed to be any breach of representation under this Section
5.12 unless the matters described herein would reasonably be expected to cause a
Material Adverse Effect.
 
5.13  Subsidiaries; Equity Interests.  Set forth on Schedule 5.13 is a complete
and accurate list as of the Second Restatement Date of, and an organization
chart showing, all the direct and indirect Subsidiaries of the Company,
indicating the jurisdiction of incorporation of each Subsidiary, showing the
percentage and manner of ownership of the outstanding Equity Interests in each
Subsidiary and identifying each Borrower and each other Loan Party as
such.   All of the Loan Parties (other than the Company) are wholly-owned by the
Company.  To the Borrowers’ knowledge, all of the outstanding Equity Interests
of each Subsidiary have been validly issued and fully paid and are
nonassessable.
 
5.14  Margin Regulations; Investment Company Act.  i)The proceeds of the
borrowings made hereunder will be used by the Company and the other Borrowers
only for the purposes expressly authorized herein.  None of such proceeds will
be used, directly or indirectly, for any purpose which violates or which would
be inconsistent with Regulation U (12 CFR Part 221) or Regulation X (12 CFR Part
224) of the FRB.  Neither the Company nor any of the other Borrowers nor any
agent acting on its behalf has taken or will take any action which might cause
this Agreement or any of the documents or instruments delivered pursuant hereto
to violate any regulation of the FRB or to violate the Securities Exchange Act
of 1934, as amended, or the Securities Act of 1933, as amended, or any state
securities laws, in each case as in effect on the Closing Date.
 
(b)  No Loan Party nor any Person Controlling the Company or any Subsidiary is
an “investment company,” or an “affiliated person” of, or “promoter” or
“principal underwriter” for, an “investment company”, as such terms are defined
in the Investment Company Act of 1940, as amended (15 U.S.C. § 80a-1, et
seq.).  The application of the proceeds of the Loans and repayment thereof by
the Loan Parties and the performance by the Loan Parties of the transactions
contemplated by the Loan Documents will not violate any provision of said Act,
or any rule, regulation or order issued by the SEC thereunder, in each case as
in effect on the Closing Date.
 
 
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5.15  Disclosure.  Neither the Information Memorandum nor any report, financial
statement, certificate or other written or formally presented information
furnished by or on behalf of the Loan Parties to any Agent, the Arranger or any
Lender in connection with the transactions contemplated hereby and the
negotiation of this Agreement or delivered hereunder or under any other Loan
Document (in each case taken as a whole and as modified or supplemented by other
information so furnished) contains any untrue statement of a material fact or
omits to state a material fact necessary to make the statements therein, in the
light of the circumstances under which they were made, not misleading; provided
that, with respect to projected financial information, each Borrower represents
only that such information was prepared in good faith based upon assumptions
believed by it to be reasonable, but that no representation is being made as to
their ultimate accuracy.
 
5.16  Compliance with Laws.  Except as could not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect, the Company
and each of its Subsidiaries are in compliance with all laws, rules, regulations
and orders applicable to any of them or any of their respective properties.
 
5.17  Intellectual Property; Licenses, Etc.  Except as could not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect,
and except for matters disclosed in Schedule 5.06, (a) the Company and each of
its Subsidiaries own, or possess the right to use, all licenses, permits,
franchises, patents, copyrights, trademarks, tradenames or rights thereto
necessary for the conduct of its business substantially as now conducted and as
presently proposed to be conducted, without conflict with the rights of other
Persons, and (b) neither the Company nor any of its Subsidiaries infringe upon
or are in violation of any valid rights of others with respect to any of the
foregoing.  No claim or litigation regarding any of the foregoing is pending or,
to the best knowledge of the Company, threatened, which, either individually or
in the aggregate, could reasonably be expected to have a Material Adverse
Effect.
 
5.18  Labor Matters.    There are no strikes, lockouts or slowdowns against the
Company or any Subsidiary pending or, to the knowledge of the Company,
threatened.  Except as could not, individually or in the aggregate, reasonably
be expected to result in a Material Adverse Effect:  (a) the hours worked by and
payments made to employees of the Company and the Subsidiaries have not been in
violation of the Fair Labor Standards Act or any other applicable Federal,
state, local or foreign law dealing with such matters; (b) all payments due from
the Company or any Subsidiary, or for which any claim may be made against the
Company or any Subsidiary, on account of wages and employee health and welfare
insurance and other benefits, have been paid or accrued as a liability on the
books of the Company or such Subsidiary; and (c) the consummation of the
Transactions will not give rise to any right of termination or right of
renegotiation on the part of any union under any collective bargaining agreement
to which the Company or any Subsidiary is bound.
 
5.19  OFAC Compliance.  Neither the Company nor any Subsidiary is listed on the
Specially Designated Nationals and Blocked Persons List maintained by the Office
of Foreign Asset Control, Department of the Treasury (“OFAC”) pursuant to
Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept. 25, 2001), and/or any other
list maintained pursuant to any of the rules and regulations of OFAC or pursuant
to any other applicable Executive Orders or otherwise subject to sanction under
an OFAC implemented regulation.
 
 
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5.20  Representations as to Foreign Loan Parties.  The Company, on behalf of
each Foreign Loan Party, and each Foreign Borrower, on behalf of itself,
represents and warrants to the Agents, the Lenders and the L/C Issuers that:
 
(a)  Such Foreign Loan Party is subject to civil and commercial Laws with
respect to its obligations under this Agreement and the other Loan Documents to
which it is a party (collectively as to such Foreign Borrower, the “Applicable
Foreign Loan Party Documents”), and the execution, delivery and performance by
such Foreign Loan Party of the Applicable Foreign Party Documents constitute and
will constitute private and commercial acts and not public or governmental
acts.  Neither such Foreign Loan Party nor any of its property has any immunity
from jurisdiction of any court or from any legal process (whether through
service or notice, attachment prior to judgment, attachment in aid of execution,
execution or otherwise) under the laws of the jurisdiction in which such Foreign
Loan Party is organized and existing in respect of its obligations under the
Applicable Foreign Loan Party Documents.
 
(b)  The Applicable Foreign Loan Party Documents are in proper legal form under
the Laws of the jurisdiction in which such Foreign Loan Party is organized and
existing for the enforcement thereof against such Foreign Loan Party under the
Laws of such jurisdiction, and to ensure the legality, validity, enforceability,
priority or admissibility in evidence of the Applicable Foreign Loan Party
Documents.  It is not necessary, in order to ensure the legality, validity,
enforceability, priority or admissibility in evidence of the Applicable Foreign
Loan Party Documents, that the Applicable Foreign Loan Party Documents be filed,
registered or recorded with, or executed or notarized before, any court or other
authority in the jurisdiction in which such Foreign Loan Party is organized and
existing or that any registration charge or stamp or similar tax be paid on or
in respect of the Applicable Foreign Loan Party Documents or any other document,
except for (i) any such filing, registration, recording, execution or
notarization as has been made or is not required to be made until the Applicable
Foreign Loan Party Document or any other document is sought to be enforced and
(ii) any charge or tax as has been timely paid.
 
(c)  The execution, delivery and performance of the Applicable Foreign Loan
Party Documents executed by such Foreign Loan Party are, under applicable
foreign exchange control regulations of the jurisdiction in which such Foreign
Loan Party is organized and existing, not subject to any notification or
authorization except (i) such as have been made or obtained or (ii) such as
cannot be made or obtained until a later date (provided that any notification or
authorization described in clause (ii) shall be made or obtained as soon as is
reasonably practicable).
 
5.21  Solvency.  Immediately after the consummation of the Transactions to occur
on the Closing Date, including the making of each Loan to be made on the Closing
Date and the application of the proceeds of such Loans, and after giving effect
to the rights of subrogation and contribution under the Guarantee Agreement,
each Loan Party will satisfy each of the requirements set forth in the
definition of the term “Solvency” and will otherwise be solvent under the Laws
of its jurisdiction of formation.
 
 
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5.22  Collateral Matters.  ii)The Domestic Collateral Agreement, upon execution
and delivery thereof by the parties thereto, will create in favor of the
Administrative Agent, for the benefit of the Secured Parties, a valid and
enforceable security interest in the Collateral (as defined therein) and (i)
when the Collateral (as defined therein) constituting certificated securities
(as defined in the Uniform Commercial Code) is delivered to the Administrative
Agent, together with instruments of transfer duly endorsed in blank, the
security interest created under the Domestic Collateral Agreement will
constitute a fully perfected security interest in all right, title and interest
of the pledgors thereunder in such Collateral, prior and superior in right to
any other Person, and (ii) when financing statements in appropriate form are
filed in the applicable filing offices, the security interest created under the
Domestic Collateral Agreement will constitute a fully perfected security
interest in all right, title and interest of the Domestic Loan Parties in the
remaining Collateral (as defined therein) to the extent perfection can be
obtained by filing Uniform Commercial Code financing statements, prior and
superior to the rights of any other Person, except for rights secured by Liens
permitted by Section 7.01.
 
(b)  Each Domestic Mortgage, upon execution and delivery thereof by the parties
thereto, will create in favor of the Administrative Agent, for the benefit of
the Secured Parties, a legal, valid and enforceable security interest in all the
applicable mortgagor’s right, title and interest in and to the Mortgaged
Properties subject thereto and the proceeds thereof, and when the Domestic
Mortgages have been filed in the jurisdictions specified therein, the Domestic
Mortgages will constitute a fully perfected security interest in all right,
title and interest of the mortgagors in the Mortgaged Properties and the
proceeds thereof, prior and superior in right to any other Person, but subject
to Liens permitted by Section 7.01.
 
(c)  Upon the recordation of the Domestic Collateral Agreement (or a short-form
version thereof) with the United States Patent and Trademark Office or the
United States Copyright Office, as applicable, and the filing of the financing
statements referred to in subsection (a) above, the security interest created
under the Domestic Collateral Agreement will constitute a fully perfected
security interest in all right, title and interest of the Domestic Loan Parties
in the Intellectual Property (as defined in the Domestic Collateral Agreement)
in which a security interest may be perfected by filing in the United States of
America, in each case prior and superior in right to any other Person, but
subject to Liens permitted by Section 7.01 (it being understood that subsequent
recordings in the United States Patent and Trademark Office or the United States
Copyright Office may be necessary to perfect a security interest in such
Intellectual Property acquired by the Domestic Loan Parties after the First
Restatement Effective Date).
 
(d)  Each Security Document, other than any Security Document referred to in the
preceding subsections of this Section 5.22, upon execution and delivery thereof
by the parties thereto and the making of the filings and taking of the other
actions provided for therein, will be effective under applicable law to create
in favor of the Administrative Agent, for the benefit of the secured parties
specified therein, a valid and enforceable security interest in the Collateral
subject thereto.
 
ARTICLE VI.
AFFIRMATIVE COVENANTS
 
So long as any Lender shall have any Commitment hereunder, any Loan or other
Loan Document Obligation hereunder shall remain unpaid or unsatisfied, or any
Letter of Credit shall remain outstanding, the Company shall, and shall (except
in the case of the covenants set forth in Sections 6.01, 6.02, 6.03, 6.13 and
6.14) cause each Subsidiary to:
 
 
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6.01  Financial Statements, Etc.  Deliver to the Administrative Agent and each
Lender, in form and detail reasonably satisfactory to the Administrative Agent:
 
(a)  as soon as available, but in any event within 90 days (or such earlier date
as the Company is required to file with the SEC its annual report on Form 10-K
for such fiscal year) after the end of each fiscal year of the Company, a
consolidated and consolidating balance sheet of the Company and its Subsidiaries
as at the end of such fiscal year, and the related consolidated and
consolidating statements of income, shareholders’ equity and cash flows for such
fiscal year, setting forth in each case in comparative form the figures for the
previous fiscal year, all in reasonable detail and prepared in accordance with
GAAP, such consolidated statements to be audited, it being understood that such
consolidated statements may be provided in the form of a copy of the Company’s
Form 10-K as filed with the SEC, and accompanied by (i) a report and opinion of
a Registered Public Accounting Firm of nationally recognized standing reasonably
acceptable to the Administrative Agent, which report and opinion shall be
prepared in accordance with generally accepted auditing standards and applicable
Securities Laws and shall not be subject to any “going concern” or like
qualification or exception or subject to any qualification or exception as to
the scope of such audit to which the Required Lenders reasonably object, and
(ii) an attestation report of such Registered Public Accounting Firm as to the
Company’s internal controls pursuant to Section 404 of Sarbanes-Oxley,
expressing a conclusion which does not have or could not reasonably be expected
to have (individually or in the aggregate) a negative impact on the Company’s
consolidated financial statements in excess of the Threshold Amount to which the
Required Lenders reasonably object, and such consolidating statements to be
certified by a Responsible Officer of the Company to the effect that such
statements are fairly stated in all material respects when considered in
relation to the consolidated financial statements of the Company and its
Subsidiaries;
 
(b)  as soon as available, but in any event within 45 days (or within 10 days
after such earlier date as the Company is required to file with the SEC its
quarterly report on Form 10-Q for such fiscal quarter) after the end of each of
the first three fiscal quarters of each fiscal year of the Company, a
consolidated and consolidating balance sheet of the Company and its Subsidiaries
as at the end of such fiscal quarter, and the related consolidated and
consolidating statements of income, shareholders’ equity and cash flows for such
fiscal quarter and for the portion of the Company’s fiscal year then ended,
setting forth in each case in comparative form the figures for the corresponding
fiscal quarter of the previous fiscal year and the corresponding portion of the
previous fiscal year, all in reasonable detail, it being understood that such
consolidated statements may be provided in the form of a copy of the Company’s
Form 10-Q as filed with the SEC, and such consolidated statements to be
certified by a Responsible Officer of the Company as fairly presenting the
financial condition, results of operations, shareholders’ equity and cash flows
of the Company and its Subsidiaries in accordance with GAAP, subject only to
normal year-end audit adjustments and the absence of footnotes, and such
consolidating statements to be certified by a Responsible Officer of the Company
to the effect that such statements are fairly stated in all material respects
when considered in relation to the consolidated financial statements of the
Company and its Subsidiaries;
 
 
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(c)  as soon as available, but in any event within 75 days after the
commencement of each fiscal year of the Company, an annual forecast prepared by
management of the Company, in form reasonably satisfactory to the Administrative
Agent, of consolidated balance sheets and statements of income and cash flows of
the Company and its Subsidiaries on a quarterly basis for such fiscal year
(including the fiscal year in which the Maturity Date occurs); and
 
(d)  within 45 days after the commencement of each fiscal quarter of the
Company, a certificate of a Responsible Officer of the Company setting forth (i)
all Equity Interests or Indebtedness (other than intercompany Indebtedness that
is evidenced by one or more promissory notes that have been delivered to the
Administrative Agent) owned by any Loan Party, (ii) all Intellectual Property
owned by any Loan Party and (iii) all commercial tort claims in respect of which
a complaint or a counterclaim has been filed by any Loan Party and that, in each
case, have not been previously set forth on either the applicable schedule to
the Domestic Collateral Agreement or any other Security Document or a
certificate previously delivered pursuant to this subclause.
 
6.02  Certificates; Other Information.  Deliver to the Administrative Agent and
each Lender, in form and detail reasonably satisfactory to the Administrative
Agent:
 
(a)  concurrently with the delivery of the financial statements referred to in
Sections 6.01(a) and 6.01(b), a duly completed Compliance Certificate signed by
a Responsible Officer of the Company (which Compliance Certificate shall (i)
provide a reconciliation of the financial items set forth therein (which shall
be determined excluding the Excluded Subsidiaries) and such items determined on
a consolidated basis for the Company (including the Excluded Subsidiaries), (ii)
if any change in GAAP or in the application thereof has occurred since the date
of the consolidated balance sheet of the Company most recently theretofore
delivered under such Sections (or, prior to the first such delivery, the date of
the most recent consolidated balance sheet included in the Audited Financial
Statements), specify such change and the effect thereof on the accompanying
financial statements, (iii) state the aggregate amount of precious,
semi-precious and other metals held by the Company and its Subsidiaries under
leases, consignment agreements and similar arrangements as of the last day of
the most recently ended fiscal quarter of the Company covered by such financial
statements (setting forth such aggregate amount for each metal type), together
with the aggregate amount of the accounts receivable subject to the Liens of the
type described in Section 7.02(k), (iv) set forth the aggregate fair value of
cash and other property on deposit in, or credited to, each deposit account of
each Domestic Loan Party as of the last day of the most recently ended fiscal
quarter of the Company covered by such financial statements and (v) state that
all notices required to be provided under Sections 6.13 and 6.14, and all
periodic schedules of assets required to be provided under the Security
Documents, have been provided);
 
(b)  promptly after any request by any Agent or Lender, copies of any detailed
audit reports, management letters or recommendations submitted to the board of
directors (or the audit committee of the board of directors) of the Company by
independent accountants in connection with the accounts or books of the Company
or any Subsidiary, or any audit of any of them;
 
 
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(c)  promptly after the same are available, copies of each annual report, proxy
or financial statement or other report or communication sent to the stockholders
of the Company, and copies of all annual, regular, periodic and special reports
and registration statements which the Company may file or be required to file
with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934,
and not otherwise required to be delivered to the Administrative Agent pursuant
hereto;
 
(d)  promptly after the furnishing thereof, copies of any statement or report
furnished to any holder of debt securities, if any, of any Loan Party pursuant
to the terms of any indenture, loan or credit or similar agreement and not
otherwise required to be furnished to the Administrative Agent pursuant to
Section 6.01 or any other clause of this Section 6.02;
 
(e)  promptly, and in any event within five Business Days after receipt thereof
by any Loan Party or any Subsidiary thereof, copies of each notice or other
correspondence received from the SEC (or comparable agency in any applicable
non-U.S. jurisdiction) concerning any investigation or possible investigation or
other inquiry by such agency regarding financial or other operational results of
any Loan Party or any Subsidiary thereof;
 
(f)  as soon as possible and in any event within five days after a Responsible
Officer knows or has reason to know that the Company or any Subsidiary intends
to discontinue any line of business generating net revenues in excess of 10% of
the Company’s consolidated net revenues for the most recently completed fiscal
year, a certificate of a Responsible Officer setting forth details as to such
discontinuance and describing the effect of such discontinuance on the financial
condition, properties and operations of the Company and its Subsidiaries;
 
(g)  promptly, such additional information regarding the business, financial or
corporate affairs of the Company or any Subsidiary, or compliance with the terms
of the Loan Documents, as any Agent or Lender may from time to time reasonably
request;
 
(h)  promptly after the same is available after the end of any week ending after
the Third Restatement Effective Date, but in any event within 2 Business Days
after the Friday of such week, a certificate of a Responsible Officer of the
Company setting forth the aggregate amount of Unrestricted Cash as of the end of
such week specifying the portion of such aggregate amount that is owned by the
Company and each Subsidiary (including FRE and its wholly owned Subsidiaries)
separately for each jurisdiction;
 
(i)  promptly after the same is available, but in any event within 15 Business
Days after the end of each fiscal month of the Company, a duly completed
Borrowing Base Certificate, setting forth the Borrowing Base as of the end of
such fiscal month;
 
 
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(j)  promptly after the same is available, but in any event within 15 Business
Days after the end of each fiscal month of the Company, a report, in a form that
is reasonably satisfactory to the Administrative Agent, signed by a Responsible
Officer of the Company setting forth all Collateral being pledged pursuant to
the Security Documents separately for each jurisdiction;
 
(k)  on Friday of each week (or, if such day is not a Business Day, on the first
Business Day thereafter), a certificate of a Responsible Officer setting forth
the Company’s projected consolidated cash position for the succeeding 13 weeks.
 
Documents required to be delivered pursuant to Section 6.01(a), 6.01(b) or
6.02(d) (to the extent any such documents are included in materials otherwise
filed with the SEC) may be delivered electronically and, if so delivered, shall
be deemed to have been delivered on the date (i) on which the Company posts such
documents, or provides a link thereto, on the Company’s principal publicly
accessible website on the Internet or (ii) on which such documents are posted on
the Company’s behalf on an Internet or intranet website, if any, to which each
Lender and Agent have access (whether a commercial, third-party website or a
website sponsored by the Administrative Agent); provided that (i) the Company
shall deliver paper copies of such documents to any Agent or Lender that
requests the Company to deliver such paper copies until a written request to
cease delivering paper copies is given by such Agent or Lender and (ii) the
Company shall notify each Agent and Lender of the posting of any such documents
and, if requested by the Administrative Agent, provide to the Administrative
Agent by electronic mail electronic versions (i.e., soft copies) of such
documents.  The Administrative Agent shall have no obligation to request the
delivery or to maintain copies of the documents referred to above, and in any
event shall have no responsibility to monitor compliance by the Company with any
such request for delivery, and each Lender shall be solely responsible for
requesting delivery to it or maintaining its copies of such documents.
 
Each Borrower hereby acknowledges that the Administrative Agent and/or the
Arranger will make available to the Lenders and the L/C Issuers materials and/or
information provided by or on behalf of such Borrower hereunder (collectively,
“Borrower Materials”) by posting the Borrower Materials on IntraLinks or another
similar electronic system (the “Platform”).  The Information supplied pursuant
hereto shall be subject to the confidentiality provisions of Section 10.07.
 
6.03  Notices.  Promptly notify the Administrative Agent and each Lender of:
 
(a)  the occurrence of any Default;
 
(b)  any matter that has resulted or could reasonably be expected to result in a
Material Adverse Effect, including (i) breach or non-performance of, or any
default under, a Contractual Obligation of the Company or any Subsidiary, (ii)
any dispute, litigation, investigation, proceeding or suspension between the
Company or any Subsidiary and any Governmental Authority or (iii) the
commencement of, or any material development in, any litigation or proceeding
affecting the Company or any Subsidiary, including pursuant to any applicable
Environmental Laws;
 
 
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(c)  the occurrence of any ERISA Event;
 
(d)  the occurrence of any Internal Control Event;
 
(e)  any announcement by Moody’s or S&P of any change or possible change in a
Debt Rating of the Company, if any; and
 
(f)  any casualty or other insured damage to any material portion of any
Collateral or the commencement of any action or proceeding for the taking or
expropriation of any Collateral or any part thereof or interest therein under
power of eminent domain or by condemnation or similar proceeding.
 
Each notice pursuant to this Section 6.03 shall be accompanied by a statement of
a Responsible Officer of the Company setting forth details of the occurrence
referred to therein and stating what action the Company has taken and proposes
to take with respect thereto.  Each notice pursuant to subsection (a) above
shall describe with particularity any and all provisions of this Agreement and
any other Loan Document that have been breached.
 
6.04  Payment of Obligations.  Pay and discharge as the same shall become due
and payable all of its obligations and liabilities, including (a) all tax
liabilities, assessments and governmental charges or levies upon it or its
properties or assets, unless the same are being contested in good faith by
appropriate proceedings diligently conducted and adequate reserves in accordance
with GAAP are being maintained by the Company and its Subsidiaries on a
consolidated basis, (b) all lawful claims which, if unpaid, would by law become
a Lien upon its property, unless the same are being contested in good faith by
appropriate proceedings diligently conducted and adequate reserves in accordance
with GAAP are being maintained by the Company and its Subsidiaries on a
consolidated basis and so long as no foreclosure or other similar proceedings
shall have been commenced against such property (the foregoing clause related to
foreclosure or other similar proceedings shall not apply to foreclosure or other
similar proceedings against precious, semi-precious or other metal under leases,
consignments or similar arrangements relating to the same) and (c) all
Indebtedness, as and when due and payable, but subject to any subordination
provisions contained in any instrument or agreement evidencing such
Indebtedness, unless the same are being contested in good faith by appropriate
proceedings diligently conducted and adequate reserves in accordance with GAAP
are being maintained by the Company and its Subsidiaries on a consolidated basis
and so long as no Event of Default under Section 8.01(e) or 8.01(h) exists with
respect thereto.
 
6.05  Preservation of Existence, Etc.  (a)  Preserve and maintain (i) all
rights, privileges, permits, licenses and franchises necessary or desirable in
the normal conduct of its business, except to the extent the failure to do so
could not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect, and (ii) its corporate or other legal existence and
good standing in the jurisdiction of its incorporation or organization, except,
in the case of any Subsidiary that is not a Loan Party, to the extent the
failure to do so could not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect, and (b) qualify and remain qualified
as a foreign corpora­tion in each jurisdiction referred to in Section 5.01;
provided that this Section 6.05 shall not apply to any action permitted under
Section 7.04 or 7.05.
 
 
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6.06  Maintenance of Properties.  Maintain and preserve all of its material
properties (tangible and intangible) necessary or useful in the proper conduct
of its business in good working order and condition, casualty covered by
insurance and ordinary wear and tear excepted.
 
6.07  Maintenance of Insurance.  Maintain insurance with financially sound and
reputable insurance companies or associations, in each case not Affiliates of
the Company, with respect to its properties and business in such amounts and
covering such risks as are usually carried by companies engaged in the same or a
similar business and similarly situated, which insurance may provide for
reasonable deduct­ibility from coverage thereof.
 
6.08  Compliance with Laws.  Comply in all material respects with the
requirements of all Laws and all orders, writs, injunctions and decrees
applicable to it or to its business or property, except in such instances in
which (a) such requirement of Law or order, writ, injunction or decree is being
contested in good faith by appropriate proceedings diligently conducted or (b)
the failure to comply therewith could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.
 
6.09  Books and Records.  Keep accurate records and books of record and account,
in which complete, true and correct entries in conformity with GAAP consistently
applied shall be made, reflecting all material financial transactions of the
Company and its Subsidiaries.  Keep accurate records and books of account in
material conformity with all applicable requirements of any Governmental
Authority having regulatory jurisdiction over the Company or such Subsidiary, as
the case may be.
 
6.10  Inspection Rights.  Permit representatives and independent contractors of
each Agent and Lender to visit and inspect any of its properties, to examine its
corporate, financial and operating records, and make copies thereof or abstracts
therefrom (with respect to financial, SEC and other similar information), and to
discuss its affairs, finances and accounts with its directors, officers, and
independent public accountants, all at the expense of the Company and at such
reasonable times during normal business hours and as often as may be reasonably
desired, upon reasonable advance notice to the Company; provided, however, that
when an Event of Default exists any Agent or Lender (or any of their respective
representatives or independent contractors) may do any of the foregoing at the
expense of the Company at any time during normal business hours and without
advance notice.
 
6.11  Use of Proceeds.  Use the proceeds of (a) the Credit Extensions made on
the Closing Date solely for the purposes, and in the manner, set forth in the
preliminary statement to this Agreement and (b) the Credit Extensions made after
the Closing Date solely for general corporate purposes of the Company and its
Subsidiaries not in contravention of any Law or of any Loan Document.
 
6.12  Approvals and Authorizations.  Maintain all authorizations, consents,
approvals and licenses from, exemptions of, and filings and registrations with,
each Governmental Authority required in any jurisdiction in which any Foreign
Borrower or any other Loan Party is organized and existing and that, in each
case, are required in connection with the Loan Documents.
 
 
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6.13  Additional Subsidiary Guarantors.  Notify the Administrative Agent at the
time that any Person meets the criteria set forth in clause (b) or (c) of the
definition of the term “Subsidiary Guarantor” and promptly thereafter (and in
any event within 30 days or such longer period as may be agreed to by the
Administrative Agent) cause the Collateral and Guarantee Requirement with
respect to such Person to be satisfied.  Notwithstanding the foregoing, the
Company may designate a Subsidiary not meeting the criteria set forth in clause
(b) or (c) of the definition of the term “Subsidiary Guarantor” as a Subsidiary
Guarantor; provided that (i) the Collateral and Guarantee Requirement with
respect to such Subsidiary shall have been, or concurrently therewith shall be,
satisfied, (ii) the Administrative Agent shall be reasonably satisfied that
performance by such Subsidiary of its obligations under the Guarantee Agreement
and the Security Documents to which such Subsidiary would be a party is not
subject to any prior approval, consent, exemption, authorization or other action
by, or notice to, or filing with, any Governmental Authority, or to any Law
materially impeding the ability of such Subsidiary to perform its obligations
under the Guarantee Agreement and such Security Documents and (iii) the Company
shall have delivered a certificate of a Responsible Officer of the Company to
the effect that, after giving effect to any such designation and such Subsidiary
becoming a Loan Party hereunder, the representations and warranties set forth in
this Agreement and the other Loan Documents as to such Subsidiary shall be true
and correct and no Default shall occur or be continuing.
 
6.14  Information Regarding Collateral.  iii)Notify the Administrative Agent,
prior to the effectiveness of any such change, of any change in (i) the legal
name of any Loan Party, as set forth in its organizational documents, (ii) the
jurisdiction of organization or the form of organization of any Loan Party
(including as a result of any merger or consolidation), (iii) the location of
the chief executive office of any Loan Party or (iv) the organizational
identification number, if any, or, with respect to any Domestic Loan Party
organized under the laws of a jurisdiction that requires such information to be
set forth on the face of a Uniform Commercial Code financing statement, the
Federal Taxpayer Identification Number of such Loan Party.  The Company agrees
not to effect or permit any change referred to in the preceding sentence unless
all filings have been made under the Uniform Commercial Code or otherwise that
are required in order for the Administrative Agent to continue at all times
following such change to have a valid, legal and perfected security interest in
all the Collateral.
 
(b)  Notify the Administrative Agent promptly of (i) the acquisition by any Loan
Party of, or any real property otherwise becoming, a Mortgaged Property after
the First Restatement Effective Date and (ii) the acquisition by any Loan Party
of any other material assets after the First Restatement Effective Date, other
than any assets constituting Collateral under the Security Documents in which
the Administrative Agent shall have a valid, legal and perfected security
interest (with the priority contemplated by the applicable Security Document)
upon the acquisition thereof.
 
6.15   Further Assurances. iv)In the case of the Company and the other Loan
Parties, execute any and all further documents, financing statements, agreements
and instruments, and take all such further actions (including the filing and
recording of financing statements, fixture filings, mortgages, deeds of trust
and other documents), that may be required under any applicable law, or that the
Administrative Agent may reasonably request, to cause the Collateral and
Guarantee Requirement to be and remain satisfied at all times or otherwise to
effectuate the provisions of the Loan Documents, all at the expense of the Loan
Parties.  The Company will provide to the Administrative Agent, from time to
time upon request, evidence reasonably satisfactory to the Administrative Agent
as to the perfection and priority of the Liens created or intended to be created
by the Security Documents.
 
 
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(b)  In the case of the Company and the other Loan Parties, not make changes to
their cash management systems and practices that would have the effect of
reducing in any material respect the proportion of their cash and cash
equivalents held in accounts required to be subject to account control
agreements under the definition of “Collateral and Guarantee Requirement”.
 
6.16  Certain Post-First Restatement Effective Date Collateral Obligations.  In
the case of the Company and the other Loan Parties, as promptly as practicable,
and in any event within 45 days (or such longer period as may be agreed to by
the Administrative Agent), after the First Restatement Effective Date, deliver
all documents, financing statements, agreements and instruments, and take all
other actions, that would be required to be delivered or taken in order for the
Collateral and Guarantee Requirement to have been satisfied as of the First
Restatement Effective Date and that were not so delivered or taken in reliance
on Section 3(e) of the First Amendment Agreement, except to the extent otherwise
agreed by the Administrative Agent pursuant to its authority as set forth in the
definition of the term “Collateral and Guarantee Requirement”.
 
ARTICLE VII.
NEGATIVE COVENANTS
 
So long as any Lender shall have any Commitment hereunder, any Loan or other
Loan Document Obligation hereunder shall remain unpaid or unsatisfied or any
Letter of Credit shall remain outstanding, the Company shall not, nor shall it
permit any Subsidiary to, directly or indirectly:
 
7.01  Liens.  Create, incur, assume or suffer to exist any Lien upon any of its
property, assets or revenues, whether now owned or hereafter acquired, other
than the following:
 
(a)  Liens pursuant to any Loan Document;
 
(b)  Liens existing on the Closing Date and listed on Schedule 7.01(b), and any
extensions or renewals thereof, provided that (i) the property covered thereby
is not changed, (ii) the amount secured or benefited thereby is not increased
except as permitted by Section 7.03(b), (iii) the direct or any contingent
obligor with respect thereto is not changed and (iv) any renewal or extension of
the obligations secured or benefited thereby is permitted by Section 7.03(b);
 
(c)  Liens for taxes not yet due or which are being contested in good faith and
by appropriate proceedings diligently conducted, if adequate reserves with
respect thereto are maintained on the books of the applicable Person in
accordance with GAAP;
 
 
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(d)  carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other
like Liens arising in the ordinary course of business which are not overdue for
a period of more than 60 days or which are being contested in good faith and by
appropriate proceedings diligently conducted, if adequate reserves with respect
thereto are maintained on the books of the applicable Person;
 
(e)  pledges or deposits in the ordinary course of business in connection with
workers’ compensation, unemployment insurance and other social security
legislation, other than any Lien imposed by ERISA;
 
(f)  deposits to secure the performance of bids, trade contracts and leases
(other than Indebtedness), statutory obligations, surety and appeal bonds,
performance bonds and other obligations of a like nature incurred in the
ordinary course of business;
 
(g)  easements, rights-of-way, restrictions and other similar encumbrances
affecting real property which, in the aggregate, are not substantial in amount,
and which do not in any case materially detract from the value of the property
subject thereto or materially interfere with the ordinary conduct of the
business of the applicable Person;
 
(h)  Liens securing judgments for the payment of money not constituting an Event
of Default under Section 8.01(h);
 
(i)  Liens securing Indebtedness permitted under Section 7.03(e); provided that
(i) such Liens do not at any time encumber any property other than the property
financed by such Indebtedness and (ii) the Indebtedness secured thereby does not
exceed the cost or fair market value, whichever is lower, of the property being
acquired on the date of acquisition;
 
(j)  Liens securing Indebtedness of a Subsidiary to the Company or any other
Domestic Loan Party permitted under Section 7.03(g);
 
(k)  [Reserved];
 
(l)  Liens granted to suppliers of precious, semi-precious, or other metals
pursuant to leases, consignment agreements or similar arrangements for such
metals entered into by the Company or any Subsidiary in the ordinary course of
business, provided that (i) such Liens attach only to the precious,
semi-precious, or other metals subject to such leases, agreements or
arrangements (and the proceeds thereof, other than proceeds of any goods
containing such metals) or the accounts receivable arising from the sale of any
goods containing any metals that are or were subject to such leases, agreements
or arrangements, but only to the extent that such accounts receivable are
attributable to the value of such metals embedded in such goods, and (ii) such
Liens in existence on the Closing Date are listed on Schedule 7.01(l);
 
(m)  other Liens securing obligations, other than Indebtedness for Money
Borrowed, in an aggregate amount not to exceed $10,000,000 at any time
outstanding; provided such Liens do not attach to all or substantially all of
the assets of any Loan Party;
 
 
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(n)  Permitted Refinancing Indebtedness Liens; and
 
(o)  banker’s liens, rights of setoff or similar rights as to deposit accounts
maintained with depository institutions; provided that such deposit accounts are
not established for the purpose of providing collateral for any Indebtedness and
are not subject to restrictions on access by the Company or or any Subsidiary in
excess of those required by applicable banking regulations.
 
7.02  Investments.  Make or acquire any Investments, except:
 
(a)  Investments held by the Company or such Subsidiary in the form of (i) cash,
(ii) direct obligations of the United States or any agency thereof with
maturities of one year or less from the date of acquisition, (iii) commercial
paper of a domestic issuer rated at least “A-1” by S&P or “P1” by Moody’s, (iv)
certificates of deposit with maturities of one year or less from the date of
acquisition issued by any commercial bank having capital and surplus in excess
of $100,000,000, (v) money market funds rated at least A-1 by S&P or P-1 by
Moody’s which offer daily purchase and redemption privileges or (vi) in the case
of any Foreign Subsidiary, other short-term investments that are analogous to
the foregoing and are utilized by such Foreign Subsidiary in accordance with
normal investment practices for cash management purposes;
 
(b)  advances to officers, directors and employees of the Company and
Subsidiaries, in an aggregate amount not to exceed $250,000 at any time
outstanding, for travel, entertainment, relocation and analogous ordinary
business purposes;
 
(c)  Investments in the Company or any Subsidiary existing on the Closing Date
and set forth on Schedule 7.02(c);
 
(d)  Investments resulting from Investment Transfers:
 
(i)  by any Domestic Loan Party to any other Domestic Loan Party;
 
(ii)  of Equity Interests in any Foreign Subsidiary or in any Domestic Holding
Company by (A) any Domestic Subsidiary to any Loan Party (other than any Sonion
Loan Party) and (B) any Foreign Subsidiary (i) if such Foreign Subsidiary is a
Sonion Loan Party, to any other Loan Party and (ii) otherwise, to any Loan Party
(other than any Sonion Loan Party);
 
 
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(iii)  by any Foreign Loan Party (A) if such Foreign Loan Party is a
Non-Restricted Foreign Loan Party, to (x) any other Non-Restricted Loan Party or
(y) any Restricted Foreign Loan Party that is a Borrower so long as such
Investment Transfer to such Borrower is made for the purpose of enabling such
Borrower to repay or prepay its obligations hereunder and consists of cash and
cash equivalents, and provided that such Borrower promptly uses all the proceeds
thereof for such purpose, (B) if such Foreign Loan Party is a Restricted Foreign
Loan Party, to (x) any other Loan Party (other than any Sonion Loan Party) or
(y) any Sonion Loan Party that is a Borrower so long as such Investment Transfer
to such Sonion Loan Party is made for the purpose of enabling such Sonion Loan
Party to repay or prepay its obligations hereunder and consists of cash and cash
equivalents, and provided that such Sonion Loan Party promptly uses all the
proceeds thereof for such purpose, and (C) if such Foreign Loan Party is a
Sonion Loan Party, to any other Loan Party (in each case under this clause
(iii), other than Investments resulting from Dispositions of the Equity
Interests in a Domestic Loan Party to a Foreign Loan Party);
 
(iv)  by any Domestic Subsidiary that is not a Domestic Loan Party to the
Company or any wholly-owned Domestic Subsidiary;
 
(v)  by any Foreign Subsidiary that is not a Foreign Loan Party to the Company
or any wholly-owned Subsidiary (other than Investments resulting from
Dispositions of Equity Interests in a Domestic Subsidiary to a Foreign
Subsidiary); and
 
(vi)  by any Loan Party to any Subsidiary that is not a Domestic Loan Party,
provided that the aggregate amount of all Investments made in reliance on this
clause (vi) in any fiscal year shall not, after giving effect to such
Investment, exceed an amount equal to 5% of Consolidated Total Assets,
determined as of the end of the then most recent fiscal quarter of the Company
with respect to which the Administrative Agent shall have received financial
statements referred to in Section 5.05(a) or delivered pursuant to Section
6.01(a) or 6.01(b);
 
provided that (A) the net book value of plant, property and equipment directly
owned by the Company or any Domestic Subsidiary and directly or indirectly
transferred to the Foreign Subsidiaries in reliance on this clause (d) shall not
exceed $15,000,000 in the aggregate since the Closing Date and (B) all
Investments in the form of Indebtedness shall be subject to clauses (ii) and
(iii) of Section 7.03(g);
 
(e)  Investments resulting from Dispositions by any of AMI Doduco (PR), LLC and
AMI Doduco, Inc. to AMI Doduco (Mexico), S. de R.L. de C.V. or any other Foreign
Subsidiary organized in Mexico of the operating assets owned by it on the
Closing Date or subsequently acquired in the ordinary course of business;
 
(f)  Investments consisting of extensions of credit in the nature of accounts
receivable or notes receivable arising from the grant of trade credit in the
ordinary course of business, and Investments received in satisfaction or partial
satisfaction thereof from financially troubled account debtors to the extent
reasonably necessary in order to prevent or limit loss;
 
(g)  Guarantees of obligations of any Subsidiary under any lease, consignment
agreement or similar arrangement for precious, semi-precious or other metals
that are entered into by such Subsidiary in the ordinary course of business;
 
 
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(h)  Guarantees permitted by Section 7.03(c);
 
(i)  [Reserved];
 
(j)  Investments arising out of the assumption of Indebtedness permitted under
Section 7.03(i);
 
(k)  other Investments not exceeding $5,000,000 in the aggregate in any fiscal
year of the Company;
 
(l)  in the event that, as a result of any Scheduled Disposition, any Person
shall cease to be a Subsidiary of the Company but the Company or any of its
Subsidiaries shall retain any Equity Interests in such Person, Investments in
the Equity Interests in such Person resulting solely from the consummation of
such Scheduled Disposition;
 
(m)  in connection with any Scheduled Disposition, Investments resulting from
the transfer, cancellation or forgiveness by the Company or any of its
Subsidiaries of any intercompany loan or advance theretofore owed by, or owed
to, any Person that, as a result of such Scheduled Disposition, shall cease to
be a Subsidiary of the Company;
 
(n)  Investments by the Company or any Subsidiary in any Subsidiary that is a
Primary Revolving Borrower or a Singapore Revolving Borrower made with the
proceeds of the issuance of the Permitted Convertible Notes to permit such
Subsidiary to make any prepayment required to be made by it under Section
2.06(b)(i) or 7.03(l); and
 
(o)  Investments in the form of the Permitted Call Spread Hedge Swap Contracts.
 
Any Investment permitted to be made in any Person under clause (d) above (a
“Permitted Investee”) may be effected by means of one or more intermediate
transfers of assets through Persons that are not Permitted Investees, provided
that such Investment and all such intermediate transfers occur substantially
simultaneously and, after giving effect thereto, the Investment is solely an
Investment in the Permitted Investee and not in any such intermediate transferor
or transferee.
 
7.03  Indebtedness.  Create, incur, assume or suffer to exist any Indebtedness,
except:
 
(a)  Indebtedness under the Loan Documents;
 
(b)  Indebtedness outstanding on the Closing Date and set forth on Schedule
7.03(b), and any refinancings, refundings, renewals or extensions thereof,
provided that (i) the amount of such Indebtedness is not increased at the time
of such refinancing, refunding, renewal or extension except by an amount equal
to accrued, but unpaid, interest thereon, a reasonable premium or other
reasonable amount paid, and fees and expenses reasonably incurred, in connection
with such refinancing, refunding, renewal or extension and by an amount equal to
any existing commitments unutilized thereunder, (ii) the direct or any
contingent obligor with respect thereto is not changed and (iii) the final
maturity thereof and the weighted average life to maturity thereof is no shorter
than that of the Indebtedness being refinanced, refunded, renewed or extended;
 
 
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(c)  unsecured Guarantees of Indebtedness of the Excluded Subsidiaries in an
aggregate principal amount at any time outstanding not to exceed $5,000,000;
 
(d)  obligations (contingent or otherwise) of the Company or any Subsidiary
existing or arising under any Swap Contract, provided that (i) such obligations
are (or were) entered into by such Person in the ordinary course of business for
the purpose of directly mitigating risks associated with liabilities,
commitments, investments, assets, or property held or reasonably anticipated by
such Person, or changes in the value of debt securities issued by such Person,
and not for purposes of speculation or taking a “market view;” and (ii) such
Swap Contract does not contain any provision exonerating the non-defaulting
party from its obligation to make payments on outstanding transactions to the
defaulting party;
 
(e)  Indebtedness in respect of Capital Leases (including Capital Leases arising
from the Specified Sale-Leaseback Transaction), Synthetic Leases and purchase
money obligations for fixed or capital assets; provided, however, that the
aggregate amount of all such Indebtedness (other than any such Indebtedness in
the form of Capital Leases arising from the Specified Sale-Leaseback
Transaction) at any time outstanding shall not exceed $10,000,000;
 
(f)  unsecured Indebtedness, in an aggregate principal amount at any time
outstanding not to exceed $50,000,000, of the Company and the other Domestic
Loan Parties that is subordinated to the Loan Documents Obligations on written
terms approved in writing by the Administrative Agent;
 
(g)  Indebtedness of the Company or any of its Subsidiaries owed to the Company
or any of its Subsidiaries; provided that (i) such Indebtedness shall be subject
to Section 7.02, (ii) in the case of Indebtedness of the Company or any of its
Subsidiaries owed to Subsidiaries that are not Domestic Loan Parties, such
Indebtedness is unsecured and (iii) in the case of Indebtedness of any Loan
Party, such Indebtedness is subordinated to the Loan Documents Obligations on
written terms satisfactory to the Administrative Agent;
 
(h)  Guarantees by the Company of any Indebtedness of a Subsidiary or by any
Subsidiary of any Indebtedness of the Company or any other Subsidiary, other
than, in each case, Guarantees of any Indebtedness referred to in Section
7.03(b), 7.03(f) or 7.03(i); provided that (i) any such Guarantees shall be
subject to Section 7.02 and (ii) any such Guarantees by a Subsidiary that is not
a Loan Party of Indebtedness referred to in Section 7.03(m) shall be subject to
the limitation set forth in the proviso of such Section;
 
 
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(i)  any unsecured intercompany Indebtedness of a Foreign Loan Party assumed by
a Foreign Subsidiary that is not a Foreign Loan Party and any unsecured
intercompany Indebtedness of a Foreign Subsidiary that is not a Foreign Loan
Party assumed by another Foreign Subsidiary that is not a Foreign Loan Party;
 
(j)  Indebtedness owed in respect of any overdrafts and related liabilities
arising from treasury, depository and cash management services or in connection
with any automated clearing-house transfers of funds;
 
(k)  [Reserved];
 
(l)  Indebtedness under the Permitted Convertible Notes in an aggregate
principal amount not to exceed $60,000,000 at any time outstanding; provided
that, substantially concurrently with the issuance of the Permitted Convertible
Notes, the Primary Revolving Borrowers shall apply all the Net Proceeds thereof
(net of any portion thereof applied to enter into the Permitted Call Spread
Hedge Swap Contracts) to prepay, in accordance with Section 2.05(a) or 2.05(b),
as applicable, Committed Primary Revolving Loans and Swing Line Loans
outstanding at such time;
 
(m)  unsecured Indebtedness of the Company and its Subsidiaries in an aggregate
principal amount not to exceed $10,000,000 at any time outstanding; provided
that, in the case of Subsidiaries that are not Loan Parties, the aggregate
principal amount of all such Indebtedness shall not exceed $5,000,000 at any
time outstanding;
 
(n)  unsecured Indebtedness of the Company and its Subsidiaries owed to the
Excluded Subsidiaries in an aggregate principal amount not to exceed $25,000,000
at any time outstanding;
 
(o)  Indebtedness in respect of the Permitted Call Spread Hedge Swap Contracts;
and
 
(p)  Permitted Refinancing Indebtedness.
 
7.04  Fundamental Changes.  Merge, dissolve, liquidate, consolidate with or into
another Person, or Dispose of (whether in one transaction or in a series of
transactions) all or substantially all of its assets (whether now owned or
hereafter acquired) to or in favor of any Person, or amend, modify or terminate
any of its Organization Documents, except that, so long as no Default exists or
would result therefrom:
 
 
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(a)  (i) any Domestic Subsidiary may merge with the Company or any other
Domestic Subsidiary, provided that (A) in the case of any such merger involving
the Company, the Company shall be the surviving Person and (B) in the case of
any such merger involving a Domestic Loan Party other than the Company, the
surviving Person shall be a Domestic Loan Party, (ii) any Foreign Subsidiary
that is not a Loan Party may merge or consolidate with any other Foreign
Subsidiary that is not a Loan Party, provided that, in the case of any such
merger or consolidation involving a Foreign Subsidiary that is a Subsidiary of a
Non-Restricted Foreign Loan Party, the surviving or resulting Person shall be a
Subsidiary of a Non-Restricted Foreign Loan Party (and shall not (unless such
Foreign Subsidiary is a Subsidiary of a Restricted Loan Party) be a Subsidiary
of a Restricted Loan Party) and (iii) any Foreign Loan Party may merge or
consolidate with any other Foreign Subsidiary so long as the surviving or
resulting Person is a Foreign Loan Party, provided that (A) in the case of any
such merger or consolidation involving a Borrower, such Borrower shall be the
surviving or resulting Person, (B) in the case of any such merger or
consolidation involving a Non-Restricted Foreign Loan Party, the surviving or
resulting Person shall be a Non-Restricted Foreign Loan Party and (C) unless
each party to such merger or consolidation is a Sonion Loan Party, the surviving
or resulting Person shall not be a Sonion Loan Party; provided, in each case,
that any Investment resulting from any such merger or consolidation shall be
permitted under Section 7.02;
 
(b)  any Subsidiary may Dispose of all or substantially all of its assets (upon
voluntary liquidation, dissolution or otherwise) to the extent permitted under
Section 7.05; and
 
(c)  the Company and the Subsidiaries may amend or modify their Organization
Documents in a manner that is not adverse in any material respect to the
interests of the Lenders.
 
7.05  Dispositions.  Make any Disposition or enter into any agreement to make
any Disposition, except:
 
(a)  Dispositions of obsolete or worn out property, whether now owned or
hereafter acquired, in the ordinary course of business;
 
(b)  Dispositions of inventory in the ordinary course of business;
 
(c)  Dispositions of cash and cash equivalents in the ordinary course of
business (including as a result of making any payment required to be made under,
or in respect of, retirement plans or other employee benefit plans of the
Company and its Subsidiaries and satisfying other monetary obligations of the
Company and its Subsidiaries permitted to be incurred and outstanding under this
Agreement);
 
(d)  Dispositions of equipment or real property to the extent that (i) such
property is exchanged for credit against the purchase price of similar
replacement property or (ii) the proceeds of such Disposition are reasonably
promptly applied to the purchase price of such replacement property;
 
(e)  Investment Transfers described in, and permitted by, clauses (i) through
(vi) of Section 7.02(d) (but subject to the proviso at the end of Section
7.02(d)) or Section 7.02(e);
 
 
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(f)  (i) Dispositions of property pursuant to the Specified Sale-Leaseback
Transaction and (ii) Dispositions of property pursuant to other sale-leaseback
transactions, provided that (A) each such Disposition shall be made in an arm’s
length transaction for fair market value, as determined by the board of
directors of the Company, and for 90% cash consideration and (B) the higher of
the book value or fair value of all property Disposed in reliance on clause
(f)(ii) shall not exceed $10,000,000 since the Closing Date;
 
(g)  leases and licenses in the ordinary course of business consistent with past
practices, provided such leases and licenses are not for all or substantially
all of the Company’s or such Subsidiary’s property;
 
(h)  Dispositions (other than to the Company or any Subsidiary) of real or
personal property, including Equity Interests, in arm’s length transactions for
fair market value and at least 100% cash consideration, provided that (i) at the
time of such Disposition, no Default shall exist or would result from such
Disposition and (ii) after giving effect to any disposition of Equity Interests,
each Subsidiary that is a Loan Party shall be a wholly-owned Subsidiary;
provided further that the Specified Sale-Leaseback Transaction may only be made
pursuant to clause (f) above and not pursuant to this clause (h);
 
(i)  each Scheduled Disposition in arm’s length transaction for fair market
value, as determined by the board of directors of the Company, and 100% cash
consideration; provided that (i) in the event the board of directors of the
Company shall have obtained, in connection with such Scheduled Disposition, a
fairness opinion with respect thereto, a copy of such fairness opinion shall
have been provided to the Administrative Agent and (ii) following the
consummation of such Scheduled Disposition, neither the Company nor any of its
Subsidiaries shall Guarantee any obligations under any metals lease, or any
other payment obligations, of any Person that shall have ceased to be a
Subsidiary as a result of such Scheduled Disposition;
 
(j)  transfers described in, and permitted by, Section 7.02(m); and
 
(k)  [Reserved].
 
Any Disposition permitted to be made to any Person under clause (e) above (a
“Permitted Transferee”) may be effected by means of one or more intermediate
transfers of assets through Persons who are not Permitted Transferees, provided
that such Disposition and all such intermediate transfers occur substantially
simultaneously and, after giving effect thereto, the assets disposed of in such
Disposition are assets of the Permitted Transferee and not of any such
intermediate transferor or transferee.
 
7.06  Restricted Payments; Certain Equity Issuances.  i)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 Event of Default
shall have occurred and be continuing at the time of any action described below
or would reasonably be expected to result therefrom:
 
(i)  any Subsidiary may declare and make Restricted Payments with respect to its
capital stock, partnership or membership interests or other similar Equity
Interests, ratably to the holders of such Equity Interests;
 
 
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(ii)  the Company and each Subsidiary may declare and make dividend payments or
other distributions payable solely in the common stock or other common Equity
Interests of such Person;
 
(iii)  [Reserved]; and
 
(iv)  the Company may enter into, and perform its obligations under, the
Permitted Call Spread Hedge Swap Contracts.
 
(b)  Issue (i) in the case of the Company, any Disqualified Capital Stock,
provided that the Company may issue Disqualified Capital Stock for 100% cash
consideration so long as the Net Proceeds thereof are applied in accordance with
Section 2.05(d), and (ii) in the case of any Subsidiary, any Equity Interests,
provided that any Subsidiary may (A) issue director’s qualifying shares and
other nominal amounts of Equity Interests that are required to be held by
Persons other than the Company and its Subsidiaries under applicable Laws, (B)
issue Equity Interests to the Company or any of its Subsidiaries and (C) issue
and sell other Equity Interests for fair market value in cash (as determined by
the Board for any sale in excess of $5,000,000), so long as, after giving effect
thereto, (A) the Company retains, directly or indirectly, at least 51% of the
Voting Equity Interests and 51% of the Equity Interests in such Subsidiary and
(B) each Subsidiary that is a Loan Party shall be a wholly owned Subsidiary;
provided that, in the case of any issuance of Equity Interests by a Subsidiary,
any Investment resulting therefrom shall be permitted under Section 7.02 and any
Disposition resulting therefrom shall be permitted under Section 7.05.
 
7.07  Change in Nature of Business.  i)Engage in any material line of business
substantially different from those lines of business conducted by the Company
and its Subsidiaries on the Closing Date or any business substantially related
or incidental thereto.
 
(b)  Except to the extent consistent with its ordinary course of business
practice as in effect on the First Restatement Effective Date or not
disadvantageous to the Lenders in any material respect, permit (i) any
Subsidiary that is not a Loan Party or (ii) any Sonion Loan Party to own any
trade receivables arising from the provision of goods or services by the Company
or any of its Subsidiaries.
 
(c)  Permit any FRE Holding Company, other than any FRE Holding Company that is
a Subsidiary Guarantor, (i) to engage in any business or activity other than the
ownership of all the outstanding Equity Interests in its Subsidiaries and
activities incidental thereto or (ii) own or acquire any assets (other than
Equity Interests in its Subsidiaries, cash and Permitted Investments) or incur
any liabilities (other than liabilities imposed by law, including liabilities in
respect of Taxes, and other liabilities incidental to its existence and
permitted activities).
 
7.08  Transactions with Affiliates.  Enter into any material transaction or
transactions (either individually or in the aggregate) of any kind with any
Affiliate of the Company (other than any Subsidiary), whether or not in the
ordinary course of business, other than on fair and reasonable terms
substantially as favorable to the Company or such Subsidiary as would be
obtainable by the Company or such Subsidiary at the time in a comparable arm’s
length transaction with a Person other than an Affiliate.  With respect to
Subsidiaries that are not Domestic Loan Parties, enter into any material
transaction or transactions (either individually or in the aggregate) of any
kind with a Loan Party, whether or not in the ordinary course of business, other
than (a) any transaction of a type expressly permitted under Article VII and (b)
transactions on fair and reasonable terms substantially as favorable to such
Loan Party as would be obtainable by such Loan Party at the time in a comparable
arm’s length transaction.
 
 
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7.09  Burdensome Agreements.  Enter into or permit to exist any Contractual
Obligation (other than any Contractual Obligation set forth in the definitive
documentation with respect to the Permitted Refinancing Indebtedness) that (a)
limits the ability (i) of any Subsidiary to make Restricted Payments to any Loan
Party or to otherwise transfer property to any Loan Party, (ii) of any
Subsidiary to Guarantee the Indebtedness of any Loan Party or (iii) of the
Company or any Subsidiary to create, incur, assume or suffer to exist Liens on
property of such Person to secure any Loan Documents Obligations, provided,
however, that this clause (iii) shall not prohibit any negative pledge incurred
or provided in favor of (A) any holder of Indebtedness permitted under Section
7.03(e), solely to the extent such negative pledge relates to the property
financed by or the subject of such Indebtedness, or (B) the beneficiary of any
Lien referred to in Section 7.01(l), to the extent such negative pledge relates
to the precious, semi-precious or other metals  subject thereto; or (b) requires
the grant of a Lien to secure an obligation of such Person if a Lien is granted
to secure another obligation of such Person.
 
7.10  Use of Proceeds.  Use the proceeds of any Credit Extension, whether
directly or indirectly, and whether immediately, incidentally or ultimately, for
any purpose that entails a violation (including on the part of any Lender) of
any of the regulations of the FRB, including Regulation U.
 
7.11  Financial Covenants.  i)[Reserved].
 
(b)  [Reserved].
 
(c)  [Reserved].
 
(d)  Unrestricted Cash.  Permit the aggregate amount of Unrestricted Cash at any
time to be less than $1,000,000.
 
7.12  Capital Expenditures.  Make or become legally obligated to make any
expenditure in respect of the purchase or other acquisition of any fixed or
capital asset (excluding normal replacements and maintenance which are properly
charged to current operations), except for capital expenditures in the ordinary
course of business not exceeding in the aggregate (a) the sum of $50,000,000 and
the Existing CapEx Carry-Over Amount, in the case of any such expenditures made
during the fiscal year 2008, (b) $20,000,000, in the case of any such
expenditures made during the fiscal year 2009, (c) $25,000,000, in the case of
any such expenditures made during the fiscal year 2010, (d) $6,000,000, in the
case of any such expenditures made during the first two fiscal quarters of
fiscal year 2011, (e) $13,500,000, in the case of any such expenditures made
during the last two fiscal quarters of fiscal year 2011, (f) $7,000,000, in the
case of any such expenditures made during the first two fiscal quarters of
fiscal year 2012, and (g) $6,500,000, in the case of any such expenditures made
during the last two fiscal quarters of fiscal year 2012.
 
 
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7.13  Leases.  Create, incur, assume, or suffer to exist any obligation as
lessee for the rental or hire of any real or personal property, except (a) the
Specified Sale-Leaseback Transaction, (b) Capital Leases and Synthetic Leases
permitted by Section 7.03, (c) leases existing on the Closing Date and any
extensions or renewals thereof disclosed on Schedule 7.13, (d) leases (other
than Capital Leases) entered into by the Company and its Subsidiaries which do
not in the aggregate require the Company and its Subsidiaries on a consolidated
basis to make payments (including taxes, insurance, maintenance, and similar
expense which the Company or any Subsidiary is required to pay under the terms
of any lease) in any fiscal year of the Company in excess of $35,000,000, (e)
leases among the Company and its Subsidiaries and (f) leases of precious,
semi-precious, or other metals in the nature of consignment agreements for
inventory in the ordinary course of business.
 
7.14  Hazardous Materials; Indemnification.  Use, generate, treat, store,
release, dispose of or otherwise introduce any Hazardous Materials into or on
any real property owned or leased by any of them and will not, and will not
permit any Subsidiary to, cause, suffer, allow or permit anyone else to do so,
except in material compliance with applicable Environmental Laws.  Each Domestic
Borrower hereby agrees to indemnify, reimburse, defend and hold harmless each
Agent, the Arranger, each Lender and their respective directors, officers,
agents and employees (collectively, the “Indemnified Parties”) for, from and
against all demands, liabilities, damages, costs, claims, suits, actions, legal
or administrative proceedings, interest, losses, expenses and reasonable
attorney’s fees (including any such fees and expenses incurred in enforcing this
indemnity) asserted against, imposed on or incurred by any of the Indemnified
Parties, directly or indirectly pursuant to or in connection with the
application of any Environmental Law to acts or omissions occurring at any time
on or in connection with any real estate owned or leased by the Company or any
of its Subsidiaries or any business conducted thereon.  Each Foreign Borrower
hereby agrees to indemnify, reimburse, defend and hold harmless the Indemnified
Parties for, from and against all demands, liabilities, damages, costs, claims,
suits, actions, legal or administrative proceedings, interest, losses, expenses
and reasonable attorney’s fees (including any such fees and expenses incurred in
enforcing this indemnity) asserted against, imposed on or incurred by any of the
Indemnified Parties, directly or indirectly pursuant to or in connection with
the application of any Environmental Law to acts or omissions occurring at any
time on or in connection with any real estate owned or leased by such Foreign
Borrower or any of its Subsidiaries or any business conducted thereon.
 
7.15  Prepayment of Indebtedness, Etc.  (1)Prepay, redeem, purchase, defease or
otherwise satisfy prior to the scheduled maturity thereof in any manner any
Subordinated Indebtedness, other than as permitted under the applicable
subordination agreement relating thereto.
 
(b)  Prepay, redeem, repurchase, defease or make any other payment in respect of
the Permitted Convertible Notes or any Permitted Refinancing Indebtedness, other
than:
 
(i)  regularly scheduled interest payments as and when due;
 
(ii)  payments upon conversion of any Permitted Convertible Notes into common
stock of the Company made solely in common stock of the Company, together with
cash payments in lieu of issuance of fractional shares and payments of accrued
but unpaid interest, in each case in connection with such conversion; and
 
 
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(iii)  in the case of any Permitted Refinancing Indebtedness, refinancing
thereof with other Indebtedness to the extent permitted by Section 7.03.
 
7.16  Fiscal Year.  Change its fiscal year for accounting or financial reporting
purposes from that in effect on the Closing Date.
 
7.17  Sonion Intercompany Loan.  i)Prepay or repay any portion of the Sonion
Intercompany Loan; provided, that Pulse Components may make a repayment or
prepayment, in whole or in part, of the Sonion Intercompany Loan so long as (i)
concurrently with such repayment or prepayment, Pulse Denmark makes a prepayment
of the Committed Primary Revolving Loans (other than the Specified Committed
Primary Revolving Borrowing) made to it in an amount at least equal to the
amount of such repayment or prepayment of the Sonion Intercompany Loan or (ii)
in the event that at the time of such repayment or prepayment no Committed
Primary Revolving Loans (other than the Specified Committed Primary Revolving
Borrowing) shall be outstanding, Pulse Denmark applies the proceeds of such
repayment or prepayment of the Sonion Intercompany Loan for a purpose other than
the repayment of Indebtedness incurred to finance the Sonion Acquisition or
related interest, fees or expenses, and delivers to the Administrative Agent
evidence reasonably satisfactory to it of such application.  In furtherance of
the foregoing, in the event of any repayment or prepayment of the Sonion
Intercompany Loan (other than in circumstances referred to in clause (ii)
above), (A) the Company shall deliver, on behalf of Pulse Denmark and in
accordance with Section 2.05(a) and this subsection (a), a notice of prepayment
of such Committed Primary Revolving Loans and (B) Pulse Components shall, and
the Company shall cause Pulse Components to, deliver, on behalf of Pulse
Denmark, to the Administrative Agent the full amount of such prepayment of the
Sonion Intercompany Loan, such funds to be applied to such prepayment of the
Committed Primary Revolving Loans.
 
(b)  Amend, supplement or otherwise modify the Sonion Intercompany Loan, or any
agreement, document or instrument evidencing or otherwise relating to the Sonion
Intercompany Loan, in a manner that is adverse in any material respect to the
interests of the Lenders.
 
(c)  Notwithstanding anything to the contrary in this Section 7.17, on and after
the date on which Schedule Disposition 1 shall have been consummated, paragraphs
(a) and (b) of this Section shall cease to be in effect and shall not be binding
on the Company and its Subsidiaries; provided that (i) following the
consummation of Scheduled Disposition 1, neither the payor nor the payee under
the Sonion Intercompany Loan shall be the Company or any of its Subsidiaries and
(ii) the proceeds from any repayment or prepayment of the Sonion Intercompany
Note, if any, shall not be used for the purpose of repaying Indebtedness
incurred to finance the Sonion Acquisition or related interest, fees or
expenses.
 
7.18  Borrowing Base.  Permit the Total Primary Revolving Outstandings at any
time to exceed the Borrowing Base at such time.
 
 
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ARTICLE VIII.
EVENTS OF DEFAULT AND REMEDIES
 
8.01  Events of Default.  Any of the following shall constitute an Event of
Default:
 
(a)  Non-Payment.  Any Borrower or any other Loan Party fails to pay (i) when
and as required to be paid herein, and in the currency required hereunder, any
amount of principal of any Loan or any reimbursement obligation in respect of
any L/C Disbursement, or (ii) within five days after the same becomes due, any
interest on any Loan or any L/C Disbursement, or any fees due pursuant to
Section 2.03 or 2.09, or (iii) any other fee or any other amount payable
hereunder or under any other Loan Document on the date on which the same shall
be due and payable and, in the case of clause (iii), such failure shall continue
for five days following the date the Company receives written notice from the
Administrative Agent that such payment is due (which notice shall be given at
the request of the Required Lenders);
 
(b)  Specific Covenants.  The Company fails to perform or observe any term,
covenant or agreement contained in Section 6.01, 6.02(a) through (f), 6.02(h),
6.02(i), 6.02(j), 6.02(k), 6.03, 6.05 (with respect to the existence of any
Borrower), 6.10, 6.11 6.13 or Article VII (other than Section 7.14);
 
(c)  Other Defaults.  Any Loan Party fails to perform or observe any other
covenant or agreement (not specified in subsection (a) or (b) above) contained
in any Loan Document on its part to be performed or observed and such failure
continues for 30 days after the earlier of the Company’s or any Subsidiary’s
knowledge thereof or written notice thereof from the Administrative Agent to the
Company (which notice shall be given at the request of the Required Lenders);
 
(d)  Representations and Warranties.  Any representation, warranty,
certification or statement of fact made or deemed made by or on behalf of the
Company or any other Loan Party herein, in any other Loan Document, or in any
document delivered in connection herewith or therewith shall be incorrect or
misleading in any material respect when made or deemed made;
 
(e)  Cross-Default.  (i) The Company or any Subsidiary, subject to any
applicable notice and grace periods, if any, (A) fails to make any payment when
due (whether by scheduled maturity, required prepayment, acceleration, demand or
otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness
hereunder and Indebtedness under Swap Contracts) having an aggregate principal
amount (including undrawn letters of credit) of more than the Threshold Amount
or (B) fails to observe or perform any other agreement or condition relating to
any such Indebtedness or Guarantee or contained in any instrument or agreement
evidencing, securing or relating thereto, or any other event occurs, the effect
of which failure or such other event is to cause, or to permit the holder or
holders of such Indebtedness or the beneficiary or beneficiaries of such
Guarantee (or a trustee or agent on behalf of such holder or holders or
beneficiary or beneficiaries) to cause, with the giving of notice if required,
 
 
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such Indebtedness to be demanded or to become due or to be repurchased, prepaid,
defeased or redeemed (automatically or otherwise), or an offer to repurchase,
prepay, defease or redeem such Indebtedness to be made, prior to its stated
maturity, or such Guarantee to become payable or cash collateral in respect
thereof to be demanded; or (ii) there occurs under any Swap Contract an “Early
Termination Date” (however denominated) resulting from (A) any event of default
under such Swap Contract as to which the Company or any Subsidiary is the
Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event
(as so defined) under such Swap Contract as to which the Company or any
Subsidiary is an Affected Party (as so defined) and, in either event, the Swap
Termination Value owed by the Company or such Subsidiary as a result thereof is
greater than the Threshold Amount; or (iii) occurrence of any default or
defaults under any precious, semi-precious or other metal lease or leases,
consignment or consignments or similar arrangements described in Section 7.13(e)
from any financial institution (and its Affiliates) for a period of 60 days or
more, which defaulted lease or leases, consignment or consignments and similar
arrangements involve amounts outstanding in excess of $20,000,000 in the
aggregate;
 
(f)  Insolvency Proceedings, Etc.  The Company, any other Borrower or any
Material Subsidiary institutes or consents to the institution of any proceeding
under any Debtor Relief Law, or makes an assignment for the benefit of
creditors; applies for or consents to the appointment of any receiver, trustee,
custodian, conservator, liquidator, rehabilitator or similar officer for it or
for all or any material part of its property; any receiver, trustee, custodian,
conservator, liquidator, rehabilitator or similar officer is appointed without
the application or consent of such Person and the appointment continues
undischarged or unstayed for 90 calendar days; or any proceeding under any
Debtor Relief Law relating to any such Person or to all or any material part of
its property is instituted without the consent of such Person and continues
undismissed or unstayed for 90 calendar days, or an order for relief is entered
in any such proceeding;
 
(g)  Inability to Pay Debts; Attachment.  (i) The Company, any other Borrower or
any Material Subsidiary becomes unable or admits in writing its inability or
fails generally to pay its debts as they become due or (ii) any writ or warrant
of attachment or execution or similar process is issued or levied against all or
any material part of the property of the Company or any Subsidiary for any
amount in excess of the Threshold Amount and is not released, vacated or fully
bonded within 90 days after its issue or levy;
 
(h)  Judgments.  There is entered against the Company or any Subsidiary (i) a
final judgment or order for the payment of money in an aggregate amount
exceeding the Threshold Amount (to the extent not covered by independent
third-party insurance as to which the insurer has been notified of the potential
claim and does not dispute coverage) or (ii) any one or more non-monetary final
judgments that have, or could reasonably be expected to have, individually or in
the aggregate, a Material Adverse Effect and, in either case, such judgment has
not been paid or otherwise discharged or enforcement proceedings with respect
thereto have not been stayed by reason of a pending appeal or otherwise, and
either (A) 90 days shall have elapsed after the entry of such judgment or (B)
enforcement proceedings shall have been commenced by any creditor upon such
judgment or order and shall be continuing;
 
 
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(i)  ERISA.  (i) An ERISA Event occurs with respect to a Pension Plan or
Multiemployer Plan which has resulted or could reasonably be expected to result
in liability of the Company under Title IV of ERISA to the Pension Plan,
Multiemployer Plan or the PBGC in an aggregate amount in excess of the Threshold
Amount and such liability shall not have been discharged within 30 days, or (ii)
the Company or any ERISA Affiliate fails to pay when due, after the expiration
of any applicable grace period, any installment payment with respect to its
Withdrawal Liability under a Multiemployer Plan in an aggregate amount in excess
of the Threshold Amount;
 
(j)  Invalidity of Loan Documents.  Any material provision of any Loan Document,
at any time after its execution and delivery and for any reason other than as
expressly permitted hereunder or satisfaction in full of all the Loan Documents
Obligations, ceases to be in full force and effect; or any Loan Party (or any
other Person in any material way) contests in any manner the validity or
enforceability of any provision of any Loan Document; or any Loan Party denies
that it has any or further liability or obligation under any Loan Document, or
purports to revoke, terminate or rescind any provision of any Loan Document;
 
(k)  Change of Control.  There occurs any Change of Control;
 
(l)  Lien.  Any Lien purported to be created under any Security Document shall
cease to be a valid and perfected Lien on any material Collateral or shall be
asserted by any Loan Party not to be a valid and perfected Lien on any
Collateral, in each case with the priority required by the applicable Security
Document, except (i) as expressly provided in Section 10.20 or (ii) as a result
of the Administrative Agent’s failure to maintain possession of any stock
certificate, promissory note or other instrument delivered to it pursuant to any
Security Document or to take any other action within its control (other than as
a result of any breach by the Company or any of its Subsidiaries of their
obligations under the Loan Documents); or
 
(m)  Guarantee.  Any Guarantee purported to be created under the Guarantee
Agreement shall cease to be, or shall be asserted by any Loan Party not to be,
in full force and effect, except as expressly provided in Section 10.20.
 
8.02  Remedies Upon Event of Default.  If any Event of Default occurs and is
continuing, the Administrative Agent may, and at the request of the Required
Lenders shall, take any or all of the following actions:
 
(a)  declare the Commitment of each Lender to make Loans and any obligation of
any L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such
Commitments and obligation shall be terminated;
 
(b)  declare the unpaid principal amount of all outstanding Loans, all interest
accrued and unpaid thereon, and all other amounts owing or payable hereunder or
under any other Loan Document to be immediately due and payable, without
presentment, demand, protest or other notice of any kind, all of which are
hereby expressly waived by the Borrowers;
 
 
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(c)  require that each Primary Revolving Borrower Cash Collateralize L/C
Obligations of such Primary Revolving Borrower (in an amount equal to the then
Outstanding Amount thereof); and
 
(d)  exercise on behalf of itself and the Lenders all rights and remedies
available to it and the Lenders under the Loan Documents;
 
provided, however, that upon the occurrence of any Event of Default with respect
to any Borrower described in Section 8.01(f), the Commitments shall
automatically terminate, the unpaid principal amount of all outstanding Loans
and all interest and other amounts as aforesaid shall automatically become due
and payable, and the obligation of each Primary Revolving Borrowers to Cash
Collateralize L/C Obligations of such Primary Revolving Borrower as aforesaid
shall automatically become effective, in each case without further act of the
Administrative Agent or any Lender.
 
ARTICLE IX.
THE AGENTS
 
9.01  Appointment and Authority.  Each of the Lenders and the L/C Issuers hereby
irrevocably appoints JPMCB to act on its behalf as the Administrative Agent
hereunder and under the other Loan Documents and authorizes the Administrative
Agent to take such actions on its behalf and to exercise such powers as are
delegated to the Administrative Agent by the terms hereof or thereof, together
with such actions and powers as are reasonably incidental thereto.  Each of the
Lenders and the L/C Issuers hereby irrevocably appoints (a) J.P. Morgan Europe
Limited to act on its behalf as the London Administrative Agent and (b) JPMorgan
Chase Bank, N.A., Hong Kong branch, to act on its behalf as the Singapore
Administrative Agent, in each case, under this Agreement and the other Loan
Documents and authorizes the London Administrative Agent and the Singapore
Administrative Agent to take such actions on its behalf and to exercise such
powers as are delegated to such Agent by the terms hereof or thereof, together
with such actions and powers as are reasonably incidental thereto.  The Lenders
acknowledge and agree that JPMCB may appoint any other Affiliate or branch of
JPMCB to act as the London Administrative Agent or the Singapore Administrative
Agent, and each Lender hereby irrevocably appoints such other Affiliate or
branch to act on its behalf as the London Administrative Agent or the Singapore
Administrative Agent under this Agreement and the other Loan Documents and
authorizes such other Affiliate or branch to take such actions on its behalf and
to exercise such powers as are delegated to such Agent by the terms hereof or
thereof, together with such actions and powers as are reasonably incidental
thereto.  Each Affiliate or a branch of JPMCB that is acting as an Agent shall
be an express third party beneficiary of the provisions of this Article IX and
all the other exculpatory, reimbursement, indemnification and like provisions
set forth for the benefit of an Agent in this Agreement or any other Loan
Document.  The provisions of this Article are solely for the benefit of the
Agents, the Lenders and the L/C Issuers, and neither any Borrower nor any other
Loan Party shall have rights as a third party beneficiary of any of such
provisions.
 
 
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9.02  Rights as a Lender or L/C Issuer.  Each Person serving as an Agent
hereunder shall have the same rights and powers in its capacity, if any, as a
Lender or an L/C Issuer as any other Lender or L/C Issuer and may exercise the
same as though it were not an Agent and the terms “Lender”, “Lenders”, “L/C
Issuer” or “L/C Issuers” shall, unless otherwise expressly indicated or unless
the context otherwise requires, include each Person serving as an Agent
hereunder in its individual capacity.  Such Person and its Affiliates may accept
deposits from, lend money to, act as the financial advisor or in any other
advisory capacity for and generally engage in any kind of business with the
Borrowers or any Subsidiary or other Affiliate thereof as if such Person were
not an Agent hereunder and without any duty to account therefor to the Lenders.
 
9.03  Exculpatory Provisions.  No Agent shall have any duties or obligations
except those expressly set forth herein and in the other Loan
Documents.  Without limiting the generality of the foregoing, no Agent:
 
(a)  shall be subject to any fiduciary or other implied duties, regardless of
whether a Default has occurred and is continuing;
 
(b)  shall have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Loan Documents that such Agent is required
to exercise as directed in writing by the Required Lenders (or such other number
or percentage of the Lenders as shall be expressly provided for herein or in the
other Loan Documents), provided that no Agent shall be required to take any
action that, in its opinion or the opinion of its counsel, may expose such Agent
to liability or that is contrary to any Loan Document or applicable law; and
 
(c)  shall, except as expressly set forth herein and in the other Loan
Documents, have any duty to disclose, or shall be liable for the failure to
disclose, any information relating to any of the Borrowers or any of their
respective Subsidiaries or Affiliates that is communicated to or obtained by the
Person serving as an Agent or any of its Affiliates in any capacity.
 
No Agent shall be liable for any action taken or not taken by it (i) with the
consent or at the request of the Required Lenders, the Required Term Lenders,
the Required Primary Revolving Lenders or the Required Singapore Revolving
Lenders, as applicable (or such other number or percentage of the Lenders as
shall be necessary, or as such Agent shall believe in good faith shall be
necessary, under the circumstances as provided in Sections 8.02 and 10.01) or
(ii) in the absence of its own gross negligence or willful misconduct.  Each
Agent shall be deemed not to have knowledge of any Default unless and until
notice describing such Default is given to such Agent by the Company, a Lender
or an L/C Issuer.
 
 
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No Agent shall be responsible for or have any duty to ascertain or inquire into
(i) any statement, warranty or representation made in or in connection with this
Agreement or any other Loan Document, (ii) the contents of any certificate,
report or other document delivered hereunder or thereunder or in connection
herewith or therewith, (iii) the performance or observance of any of the
covenants, agreements or other terms or conditions set forth herein or therein
or the occurrence of any Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any
other agreement, instrument or document or (v) the satisfaction of any condition
set forth in Article IV or elsewhere in any Loan Document, other than, in the
case of the Administrative Agent, to confirm receipt of items expressly required
to be delivered to the Administrative Agent.  Notwithstanding anything herein to
the contrary, the Administrative Agent shall not have any liability arising from
confirmations of the Outstanding Amount of any Loan Documents Obligations.
 
9.04  Reliance by Agents.  Each Agent shall be entitled to rely upon, and shall
not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (including any
electronic message, Internet or intranet website posting or other distribution)
believed by it to be genuine and to have been signed, sent or otherwise
authenticated by the proper Person (including, if applicable, a Responsible
Officer).  Each Agent also may rely upon any statement made to it orally or by
telephone and believed by it to have been made by the proper Person, and shall
not incur any liability for relying thereon.  In determining compliance with any
condition hereunder to the making of a Loan, or the issuance of a Letter of
Credit, that by its terms must be fulfilled to the satisfaction of a Lender or
an L/C Issuer, each Agent may presume that such condition is satisfactory to
such Lender or such L/C Issuer unless such Agent shall have received notice to
the contrary from such Lender or such L/C Issuer prior to the making of such
Loan or the issuance of such Letter of Credit.  Each Agent may consult with
legal counsel (who may be counsel for the Company), independent accountants and
other experts selected by it, and shall not be liable for any action taken or
not taken by it in accordance with the advice of any such counsel, accountants
or experts.
 
9.05  Delegation of Duties.  Each Agent may perform any and all of its duties
and exercise its rights and powers hereunder or under any other Loan Document by
or through any one or more sub-agents appointed by such Agent.  Each Agent and
any such sub-agent may perform any and all of its duties and exercise its rights
and powers by or through their respective Related Parties.  The exculpatory
provisions of this Article shall apply to any such sub-agent and to the Related
Parties of each Agent and any such sub-agent, and shall apply to their
respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as an Agent.
 
9.06  Resignation of Agents.  The Administrative Agent may at any time give
notice of its resignation to the Lenders, the L/C Issuers and the Company.  Upon
receipt of any such notice of resignation, the Required Lenders shall have the
right, in consultation with the Company, to appoint a successor.  Any successor
Administrative Agent shall be a bank with an office in the United States, or an
Affiliate of any such bank with an office in the United States.  If no such
successor shall have been so appointed by the Required Lenders and shall have
accepted such appointment within 30 days after the retiring Agent gives notice
of its resignation, then the retiring Administrative Agent may on behalf of the
Lenders and the L/C Issuers, appoint a successor Administrative Agent meeting
the qualifications set forth above; provided that if the retiring Administrative
Agent shall notify the Company and the Lenders that no qualifying Person has
accepted such appointment, then such resignation shall nonetheless become
effective in accordance with such notice and (a) the retiring Administrative
Agent shall be discharged from its duties and obligations hereunder and under
the other Loan Documents and
 
 
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(b) all payments, communications and determinations provided to be made by, to
or through the Administrative Agent (or any of its Affiliates acting as Agents
hereunder) shall instead be made by or to each Lender and each L/C Issuer
directly, until such time as the Required Lenders appoint a successor
Administrative Agent as provided for above in this Section.  Any resignation by
the Administrative Agent pursuant to this Section shall also constitute the
resignation of each Affiliate or branch of the Administrative Agent that has
been appointed in such capacity from being the London Administrative Agent or
the Singapore Administrative Agent.  Upon the acceptance of a successor’s
appointment as an Administrative Agent hereunder, such successor shall succeed
to and become vested with all of the rights, powers, privileges and duties of
the retiring (or retired) Agents, and each retiring Agent shall be discharged
from all of its duties and obligations hereunder or under the other Loan
Documents (if not already discharged therefrom as provided above in this
Section).  The fees payable by the Company to a successor Administrative Agent
shall be the same as those payable to its predecessor unless otherwise agreed
between the Company and such successor.  After a retiring Agent’s resignation
hereunder and under the other Loan Documents, the provisions of this Article and
Section 10.04 shall continue in effect for the benefit of such retiring Agent,
its sub-agents and their respective Related Parties in respect of any actions
taken or omitted to be taken by any of them while such retiring Agent was acting
as an Agent.
 
Any resignation by JPMCB as Administrative Agent pursuant to this Section shall
also constitute its resignation as L/C Issuer and Swing Line Lender.  Upon the
acceptance of a successor’s appointment as Administrative Agent hereunder, (a)
such successor shall succeed to and become vested with all of the rights,
powers, privileges and duties of such retiring L/C Issuer and Swing Line Lender,
(b) such retiring L/C Issuer and Swing Line Lender shall be discharged from all
of their respective duties and obligations hereunder or under the other Loan
Documents, and (c) such successor L/C Issuer shall issue letters of credit in
substitution for the Letters of Credit, if any, outstanding at the time of such
succession or make other arrangements satisfactory to such L/C Issuer to
effectively assume the obligations of such retiring L/C Issuer with respect to
such Letters of Credit.
 
9.07  Non-Reliance on Agents and Other Lenders.  Each Lender and each L/C Issuer
acknowledges that it has, independently and without reliance upon the Arranger,
any Agent or any other Lender or any of their Related Parties and based on such
documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Agreement.  Each Lender and each L/C
Issuer also acknowledges that it will, independently and without reliance upon
any Agent or any other Lender or any of their Related Parties and based on such
documents and information as it shall from time to time deem appropriate,
continue to make its own decisions in taking or not taking action under or based
upon this Agreement, any other Loan Document or any related agreement or any
document furnished hereunder or thereunder.
 
9.08  No Other Duties, Etc.  Anything herein to the contrary notwithstanding,
none of the Arranger, Syndication Agent or Co-Documentation Agents listed on the
cover page hereof shall have any powers, duties or responsibilities under this
Agreement or any of the other Loan Documents, except in its capacity, as
applicable, as a Lender or an L/C Issuer hereunder.
 
 
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9.09  Administrative Agent May File Proofs of Claim.  In case of the pendency of
any receivership, insolvency, liquidation, bankruptcy, reorganization,
arrangement, adjustment, composition or other judicial proceeding relative to
any Loan Party, the Administrative Agent (irrespective of whether the principal
of any Loan or L/C Obligation shall then be due and payable as herein expressed
or by declaration or otherwise and irrespective of whether the Administrative
Agent shall have made any demand on any Borrower) shall be entitled and
empowered, by intervention in such proceeding or otherwise
 
(a)  to file and prove a claim for the whole amount of the principal and
interest owing and unpaid in respect of the Loans, L/C Obligations and all other
Loan Documents Obligations that are owing and unpaid and to file such other
documents as may be necessary or advisable in order to have the claims of the
Lenders, the L/C Issuers and the Agents (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the L/C
Issuers and the Agents and their respective agents and counsel and all other
amounts due the Lenders, the L/C Issuers and the Agents under Sections 2.03(i),
2.03(j), 2.09 and 10.04) allowed in such judicial proceeding; and
 
(b)  to collect and receive any monies or other property payable or deliverable
on any such claims and to distribute the same;
 
and any custodian, receiver, assignee, trustee, liquidator, sequestrator or
other similar official in any such judicial proceeding is hereby authorized by
each Lender and each L/C Issuer to make such payments to the Administrative
Agent and, in the event that the Administrative Agent shall consent to the
making of such payments directly to the Lenders and the L/C Issuers, to pay to
the Administrative Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Administrative Agent and its agents
and counsel, and any other amounts due the Administrative Agent under Sections
2.03(i), 2.03(j), 2.09 and 10.04.
 
Nothing contained herein shall be deemed to authorize the Administrative Agent
to authorize or consent to or accept or adopt on behalf of any Lender or any L/C
Issuer any plan of reorganization, arrangement, adjustment or composition
affecting the Loan Documents Obligations or the rights of any Lender or to
authorize the Administrative Agent to vote in respect of the claim of any Lender
in any such proceeding.
 
9.10  Collateral and Guarantee Matters.
 
(a)  Each of the Lenders, the L/C Issuers, the London Administrative Agent and
the Singapore Administrative Agent hereby irrevocably authorizes (and each other
Guaranteed Party or Secured Party, whether or not a party hereto, shall be
deemed, by its acceptance of the benefits of the Guarantees provided for under
the Guarantee Agreement and the security interest provided for under the
Security Documents, to have irrevocably authorized) the Administrative Agent to
execute and deliver, on behalf of itself and the other Guaranteed Parties or
Secured Parties, as the case may be, the Guarantee Agreement and the Security
Documents and to take such actions on its behalf and to exercise such powers as
are delegated to the Administrative Agent by the terms hereof or thereof,
together with such actions and powers as are reasonably incidental thereto.
 
 
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(b)  No Guaranteed Party shall have any right individually to enforce any
Guarantee provided under the Guarantee Agreement, and no Secured Party shall
have any right individually to exercise remedies in respect of the Collateral
under the Security Documents, it being understood and agreed that all powers,
rights and remedies under the Loan Documents may be exercised solely by the
Administrative Agent on behalf of the Guaranteed Parties and Secured Parties, as
the case may be, in accordance with the terms thereof.  In the event of a
foreclosure or similar action by the Administrative Agent on any of the
Collateral pursuant to a public or private sale or other disposition or any sale
pursuant to section 363(k), section 1129(b)(2)(a)(ii) or any other applicable
section of the Bankruptcy Code of the United States, the Administrative Agent or
any Lender may be the purchaser or licensor of any or all of such Collateral at
any such sale or other disposition, and the Administrative Agent, as agent for
and representative of the Secured Parties (but not any Lender or Lenders in its
or their respective individual capacities unless Required Lenders shall
otherwise agree in writing) shall be entitled, upon instructions from the
Required Lenders, for the purpose of bidding and making settlement or payment of
the purchase price for all or any portion of the Collateral sold at any such
public sale, to use and apply any of the Loan Documents Obligations as a credit
on account of the purchase price for any collateral payable by the
Administrative Agent, on behalf of the Secured Parties, at such sale or other
disposition.  Each Guaranteed Party and each Secured Party, whether or not a
party hereto, will be deemed, by its acceptance of the benefits of the
Guarantees provided under the Guarantee Agreement and the Collateral provided
under the Security Documents, to have agreed to the foregoing provisions.
 
ARTICLE X.
MISCELLANEOUS
 
10.01  Amendments, Etc.  No amendment or waiver of any provision of this
Agreement or of any other Loan Document, and no consent to any departure by the
Company or any other Loan Party therefrom, shall be effective unless pursuant to
an agreement or agreements in writing signed by the Required Lenders and the
Company or the applicable Loan Party, as the case may be, and acknowledged by
the Administrative Agent, and each such amendment, waiver or consent shall be
effective only in the specific instance and for the specific purpose for which
given; provided, however, that (a) any provision of this Agreement or any other
Loan Document may be amended, by an agreement in writing signed by the Company
and the Administrative Agent, to cure any ambiguity, omission, defect or
inconsistency so long as, in each case, such amendment does not adversely affect
the rights of any Lender or any L/C Issuer and (b) no such amendment, waiver or
consent shall:
 
(i)  extend or increase any Commitment of any Lender (or reinstate any
Commitment terminated pursuant to Section 2.06 or 8.02) without the written
consent of such Lender (it being understood that no amendment, modification,
termination, waiver or consent with respect to any condition precedent, covenant
or Default shall constitute an increase in the Commitment of any Lender);
 
(ii)  postpone the scheduled date of maturity of any Loan, or any scheduled date
of payment of the principal amount of any Term Loan under Section 2.07, or the
required date of reimbursement of any L/C Disbursement or any date fixed by this
Agreement or any other Loan Document for any payment of any interest, fees or
other amounts due to the Lenders (or any of them) hereunder or under any other
Loan Document, or waive or excuse any such payment or reimbursement, without the
written consent of each Lender directly affected thereby;
 
 
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(iii)  reduce the principal amount of, or the rate of interest specified herein
on, any Loan or L/C Disbursement, or any fees or other amounts payable hereunder
or under any other Loan Document, in each case without the written consent of
each Lender directly affected thereby; provided, however, that only the consent
of the Required Lenders shall be necessary to amend the definition of “Default
Rate” or to waive any obligation of any Borrower to pay interest or Letter of
Credit Fees at the Default Rate;
 
(iv)  change Section 2.13 in a manner that would alter the pro rata sharing of
payments required thereby without the written consent of each Lender;
 
(v)  change the currency in which Committed Loans of any Lender are available to
be made without the written consent of such Lender;
 
(vi)  change any provision of this Section or the percentage set forth in the
definitions of the terms “Required Lenders”, “Required Term Lenders”, “Required
Primary Revolving Lenders” or “Required Singapore Revolving Lenders” or any
other provision of any Loan Document specifying the number or percentage of
Lenders required to amend, waive or otherwise modify any rights thereunder or
make any determination or grant any consent thereunder without the written
consent of each Lender (or (A) in the case of any change to the percentage set
forth in the definitions of the terms “Required Term Lenders”, “Required Primary
Revolving Lenders” or “Required Singapore Revolving Lenders”, each Term Lender,
Primary Revolving Lender or Singapore Revolving Lender, as the case may be, and
(B) in the case of any change to any such other provision of any Loan Document
specifying the number or percentage of Lenders of any Class, each Lender of such
Class); provided that, with the consent of the Required Lenders, the provisions
of this Section and the definition of the term “Required Lenders” may be amended
to include references to any new class of loans created under this Agreement (or
to lenders extending such loans) on substantially the same basis as the
corresponding references relating to the Term Facility, Primary Revolving
Subfacility or Singapore Revolving Subfacility;
 
(vii)  release (A) the Company or any Subsidiary Guarantor from its Guarantee
under the Guarantee Agreement, except, in the case of a Subsidiary Guarantor, as
expressly provided in Section 10.20, or (B) limit their liability in respect of
such Guarantee, in each case, without the written consent of each Lender;
provided, however, that, if a Change in Law shall have occurred and, as a result
thereof, any payment by a Foreign Subsidiary under its Guarantee under the
Guarantee Agreement would result in tax consequences that are materially adverse
to the Company and its Subsidiaries (which tax consequences would not have
existed were such payment made on the Closing Date), then, with the consent of
the Required Lenders, the liability of such Foreign Subsidiary in respect of its
Guarantee under the Guarantee Agreement may be limited to the extent necessary
to avoid such tax consequences;
 
 
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(viii)  release all or substantially all the Collateral from the Liens of the
Security Documents, without the written consent of each Lender, except as
expressly provided in Section 10.20; or
 
(ix)  change the relative rights of the Term Lenders, Primary Revolving Lenders
and the Singapore Revolving Lenders, in each case in a manner adverse to the
Term Lenders, Primary Revolving Lenders or the Singapore Revolving Lenders,
without the written consent of the Required Term Lenders, Required Primary
Revolving Lenders or the Required Singapore Revolving Lenders, respectively;
 
and, provided further that (A) no amendment, waiver or consent shall, unless in
writing and signed by an L/C Issuer, affect the rights or duties of such L/C
Issuer under this Agreement or any other Loan Document relating to any Letter of
Credit issued or to be issued by it; (B) no amendment, waiver or consent shall,
unless in writing and signed by the Swing Line Lender, affect the rights or
duties of the Swing Line Lender under this Agreement or any other Loan Document;
(C) no amendment, waiver or consent shall, unless in writing and signed by the
Administrative Agent, affect the rights or duties of any Agent under this
Agreement or any other Loan Document; and (D) any waiver, amendment or
modification of this Agreement that by its terms affects the rights or duties
under this Agreement of the Lenders of a particular Class (but not the Lenders
of any other Class) may be effected by an agreement or agreements in writing
entered into by the Company and the requisite number or percentage in interest
of the affected Class of Lenders that would be required to consent thereto under
this Section 10.01 if such Class of Lenders were the only Class of Lenders
hereunder at the time.
 
10.02  Notices; Effectiveness; Electronic Communication.  i)Notices
Generally.  Except in the case of notices and other communications expressly
permitted to be given by telephone (and except as provided in subsection (b)
below), all notices and other communications provided for herein shall be in
writing and shall be delivered by hand or overnight courier service, mailed by
certified or registered mail or sent by facsimile as follows, and all notices
and other communications expressly permitted hereunder to be given by telephone
shall be made to the applicable telephone number, as follows:
 
(i)  if to any Borrower, any Agent, any L/C Issuer or the Swing Line Lender, to
the address, facsimile number, electronic mail address or telephone number
specified for such Person on Schedule 10.02; and
 
(ii)  if to any Lender, to the address, facsimile number, electronic mail
address or telephone number specified in its Administrative Questionnaire.
 
Notices sent by hand or overnight courier service, or mailed by certified or
registered mail, shall be deemed to have been given when received; notices sent
by facsimile shall be deemed to have been given when sent (except that, if not
given during normal business hours for the recipient, shall be deemed to have
been given at the opening of business on the next business day for the
recipient).  Notices delivered through electronic communications as provided in
subsection (b) below shall be effective as provided in such subsection.
 
 
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(b)  Electronic Communications.  Notices and other communications to the Lenders
and the L/C Issuers hereunder may be delivered or furnished by electronic
communication (including e-mail and Internet or intranet websites) pursuant to
procedures approved by the Applicable Agent; provided that the foregoing shall
not apply to notices to any Lender or any L/C Issuer pursuant to Article II if
such Lender or such L/C Issuer, as applicable, has notified the Applicable Agent
that it is incapable of receiving notices under such Article by electronic
communication.  Any Agent or the Company may, in its discretion, agree to accept
notices and other communications to it hereunder by electronic communications
pursuant to procedures approved by it; provided that approval of such procedures
may be limited to particular notices or communications.
 
Unless the Administrative Agent otherwise prescribes, (i) notices and other
communications sent to an e-mail address shall be deemed received upon the
sender’s receipt of an acknowledgment from the intended recipient (such as by
the “return receipt requested” function, return e-mail or other written
acknowledgment), provided that if such notice or other communication is not sent
during the normal business hours of the recipient, such notice or communication
shall be deemed to have been sent at the opening of business on the next
business day for the recipient, and (ii) notices or other communications posted
to an Internet or intranet website shall be deemed received upon receipt by the
intended recipient at its e-mail address of notification that such notice or
other communication is available and identifying the website address therefor.
 
(c)  The Platform.  THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.”  THE
AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF
THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM
LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS.  NO WARRANTY
OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD
PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT
PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM.  In no event
shall any Agent or any of its Related Parties (collectively, the “Agent
Parties”) have any liability to any Borrower, any other Agent, any Lender, any
L/C Issuer or any other Person for losses, claims, damages, liabilities or
expenses of any kind (whether in tort, contract or otherwise) arising out of any
Borrower’s or Agent’s transmission of Borrower Materials through the Internet,
except to the extent that such losses, claims, damages, liabilities or expenses
are determined by a court of competent jurisdiction by a final and nonappealable
judgment to have resulted from the gross negligence or willful misconduct of
such Agent Party; provided, however, that in no event shall any Agent Party have
any liability to any Borrower, any other Agent, any Lender, any L/C Issuer or
any other Person for indirect, special, incidental, consequential or punitive
damages (as opposed to direct or actual damages).
 
 
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(d)  Change of Address, Etc.  Each Borrower, each Agent, each L/C Issuer and the
Swing Line Lender may change its address, facsimile or telephone number for
notices and other communications hereunder by notice to the other parties
hereto.  Each other Lender may change its address, facsimile or telephone number
for notices and other communications hereunder by notice to the Company, the
Agents, the L/C Issuers and the Swing Line Lender.  In addition, each Lender
agrees to notify each Agent from time to time to ensure that such Agent has on
record (i) an effective address, contact name, telephone number, facsimile
number and electronic mail address to which notices and other communications may
be sent and (ii) accurate wire instructions for such Lender.
 
(e)  Reliance by Agents, L/C Issuer and Lenders. Each Agent, each L/C Issuer and
each Lender shall be entitled to rely and act upon any notices (including
telephonic notices) purportedly given by or on behalf of any Borrower and in
good faith believed by the recipient to be genuine, even if (i) such notices
were not made in a manner specified herein, were incomplete or were not preceded
or followed by any other form of notice specified herein or (ii) the terms
thereof, as understood by the recipient, varied from any confirmation
thereof.  The Company shall indemnify each Agent, each L/C Issuer, each Lender
and the Related Parties of each of them from all losses, costs, expenses and
liabilities resulting from the reliance by such Person on each notice
purportedly given by or on behalf of any Borrower.  All telephonic notices to
and other telephonic communications with any Agent may be recorded by such
Agent, and each of the parties hereto hereby consents to such recording.
 
10.03  No Waiver; Cumulative Remedies.  No failure by any Lender, any Agent or
any L/C Issuer to exercise, and no delay by any such Person in exercising, any
right, remedy, power or privilege hereunder shall operate as a waiver thereof;
nor shall any single or partial exercise of any right, remedy, power or
privilege hereunder preclude any other or further exercise thereof or the
exercise of any other right, remedy, power or privilege.  The rights, remedies,
powers and privileges hereunder and under the other Loan Documents are
cumulative and not exclusive of any rights, remedies, powers and privileges
provided by law.  Without limiting the generality of the foregoing, the making
of any Credit Extension shall not be construed as a waiver of any Default,
regardless of whether any Agent, any Lender or any L/C Issuer may have had
notice or knowledge of such Default at the time.
 
10.04  Expenses; Indemnity; Damage Waiver.  i)Costs and Expenses.  The Company
shall pay (i) all reasonable and actual out-of-pocket expenses incurred by the
Agents and their respective Affiliates (including the reasonable fees, charges
and disbursements of counsel for the Agents) in connection with the syndication
of the credit facilities provided for herein, the preparation, negotiation,
execution, delivery and administration of this Agreement and the other Loan
Documents or any amendments, modifications or waivers of the provisions hereof
or thereof (whether or not the transactions contemplated hereby or thereby shall
be consummated), (ii) all reasonable and actual out-of-pocket expenses incurred
by an L/C Issuer in connection with the issuance, amendment, renewal or
extension of any Letter of Credit or any demand for payment thereunder and (iii)
all actual out-of-pocket expenses incurred by any Agent, any Lender or any L/C
Issuer (including the fees, charges and disbursements of any counsel for any
Agent, any Lender or any L/C Issuer), and shall pay all fees and time charges
for attorneys who may be employees of any Agent, any Lender or any L/C Issuer,
in connection with the enforcement or protection of its rights (A) in connection
with this Agreement and the other Loan Documents, including its rights under
this Section 10.04, or (B) in connection with the Loans made or Letters of
Credit issued hereunder, including all such out-of-pocket expenses incurred
during any workout, restructuring or negotiations in respect of such Loans or
Letters of Credit.
 
 
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(b)  Indemnification by the Company.  The Company shall indemnify each Agent
(and any sub-agent thereof), each Lender and each L/C Issuer, and each Related
Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”), against, and hold each Indemnitee harmless from, any and all
losses, claims, damages, penalties, liabilities and related expenses (including
the fees, charges and disbursements of any counsel for any Indemnitee), and
shall indemnify and hold harmless each Indemnitee from all fees and time charges
and disbursements for attorneys who may be employees of any Indemnitee, incurred
by any Indemnitee or asserted against any Indemnitee by any third party or by
any Borrower or any other Loan Party arising out of, in connection with, or as a
result of (i) the execution or delivery of this Agreement, any other Loan
Document or any agreement or instrument contemplated hereby or thereby, the
performance by the parties hereto of their respective obligations hereunder or
thereunder, the consummation of the transactions contemplated hereby or thereby,
or, in the case of the Agents (and any sub-agent thereof) and their respective
Related Parties only, the administration of this Agreement and the other Loan
Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the
proceeds therefrom (including any refusal by any L/C Issuer to honor a demand
for payment under a Letter of Credit if the documents presented in connection
with such demand do not strictly comply with the terms of such Letter of
Credit), (iii) any actual or alleged presence or release of Hazardous Materials
on or from any property currently or formerly owned or operated by any Borrower
or any of its Subsidiaries, or any Environmental Liability related in any way to
any Borrower or any of its Subsidiaries, or (iv) any actual or prospective
claim, litigation, investigation or proceeding relating to any of the foregoing,
whether based on contract, tort or any other theory, regardless of whether
brought by a third party or by the Company or any Affiliate thereof, and
regardless of whether any Indemnitee is a party thereto, in all cases, whether
or not caused by or arising, in whole or in part, out of the comparative,
contributory or sole negligence of the Indemnitee; provided that such indemnity
shall not, as to any Indemnitee, be available to the extent that such losses,
claims, damages, penalties, liabilities or related expenses (x) are determined
by a court of competent jurisdiction by final and nonappealable judgment to have
resulted from the gross negligence or willful misconduct of such Indemnitee or
(y) result from a claim brought by the Company or any other Loan Party against
an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder
or under any other Loan Document, if the Company or such other Loan Party has
obtained a final and nonappealable judgment in its favor on such claim as
determined by a court of competent jurisdiction.
 
(c)  Reimbursement by Lenders.  To the extent that the Company for any reason
fails to indefeasibly pay any amount required under subsection (a) or (b) of
this Section to be paid by it to any Agent (or any sub-agent thereof), any L/C
Issuer or any Related Party of any of the foregoing, each Lender severally
agrees to pay to such Agent (or any such sub-agent), such L/C Issuer or such
Related Party, as the case may be, such Lender’s pro rata share (determined as
of the time that the applicable unreimbursed expense or indemnity payment is
sought) of such unpaid amount, provided that the unreimbursed expense or
indemnified loss, claim, damage, liability or related expense, as the case may
be, was incurred by or asserted against such Agent (or any such sub-agent) or
such L/C Issuer in its capacity as such, or against any Related Party of any of
the foregoing acting for such Agent (or any such sub-agent) or L/C Issuer in
connection with such capacity.  The obligations of the Lenders under this
subsection (c) are subject to the provisions of Section 2.12(d).  For purposes
of this subsection, a Lender’s “pro rata share” shall be determined based upon
its share of the sum of the Outstanding Amount of the Term Loans, the Total
Primary Revolving Outstandings, the Total Singapore Revolving Outstandings and
the unused Commitments at the time.
 
 
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(d)  Waiver of Consequential Damages, Etc.  To the fullest extent permitted by
applicable law, no Borrower shall assert, and hereby waives, any claim against
any Indemnitee, on any theory of liability, for special, indirect, consequential
or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement, any other Loan Document or
any agreement or instrument contemplated hereby, the transactions contemplated
hereby or thereby, any Loan or Letter of Credit or the use of the proceeds
thereof.  No Indemnitee shall be liable for any damages arising from the use by
unintended recipients of any information or other materials distributed by it
through telecommunications, electronic or other information transmission systems
(including the Internet) in connection with this Agreement or the other Loan
Documents or the transactions contemplated hereby or thereby.
 
(e)  Payments.  All amounts due under this Section 10.04 shall be payable not
later than ten Business Days after demand therefor.
 
(f)  Survival.  The agreements in this Section 10.04 shall survive the
resignation of the Agents and the L/C Issuers, the replacement of any Lender,
the termination of the Aggregate Commitments and the repayment, satisfaction or
discharge of all the other Loan Documents Obligations.
 
10.05  Payments Set Aside.  To the extent that any payment by or on behalf of
any Borrower is made to any Agent, any L/C Issuer or any Lender, or any Agent,
any L/C Issuer or any Lender exercises its right of setoff, and such payment or
the proceeds of such setoff or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including
pursuant to any settlement entered into by any Agent, any L/C Issuer or such
Lender in its discretion) to be repaid to a trustee, receiver or any other
party, in connection with any proceeding under any Debtor Relief Law or
otherwise, then (a) to the extent of such recovery, the obligation or part
thereof originally intended to be satisfied shall be revived and continued in
full force and effect as if such payment had not been made or such setoff had
not occurred and (b) each Lender and each L/C Issuer severally agrees to pay to
each Agent upon demand its applicable share (without duplication) of any amount
so recovered from or repaid by such Agent, plus interest thereon from the date
of such demand to the date such payment is made at a rate per annum equal to the
applicable Overnight Rate from time to time in effect, in the applicable
currency of such recovery or payment.  The obligations of the Lenders and the
L/C Issuers under clause (b) of the preceding sentence shall survive the payment
in full of the Loan Documents Obligations and the termination of this Agreement.
 
 
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10.06  Successors and Assigns.  i)Successors and Assigns Generally.  The
provisions of this Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns permitted hereby,
except that (i) no Loan Party may assign or otherwise transfer any of its rights
or obligations hereunder without the prior written consent of the Administrative
Agent and each Lender and (ii) no Lender may assign or otherwise transfer any of
its rights or obligations hereunder except (A) to an Eligible Assignee in
accordance with the provisions of subsection (b) of this Section, (B) by way of
participation in accordance with the provisions of subsection (d) of this
Section or (C) by way of pledge or assignment of a security interest subject to
the restrictions of subsection (f) of this Section (and any other attempted
assignment or transfer by any party hereto shall be null and void).  Nothing in
this Agreement, expressed or implied, shall be construed to confer upon any
Person (other than the parties hereto, their respective successors and assigns
permitted hereby, Participants to the extent provided in subsection (d) of this
Section and, to the extent expressly contemplated hereby, the Related Parties of
each of the Agents, the L/C Issuers and the Lenders) any legal or equitable
right, remedy or claim under or by reason of this Agreement.
 
(b)  Assignments by Lenders.  Any Lender may at any time assign to one or more
Eligible Assignees all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans (including
for purposes of this subsection (b), participations in L/C Obligations and in
Swing Line Loans) at the time owing to it); provided that:
 
(i)  except in the case of (A) an assignment of the entire remaining amount of
the assigning Lender’s Commitment or Loans of any Class or (B) an assignment to
a Lender, an Affiliate of a Lender or an Approved Fund, the aggregate amount of
the Commitment of such Class (which for this purpose includes Loans outstanding
thereunder) or, if the Commitment of any Class is not then in effect, the
principal outstanding balance of the Loans of such Class of the assigning Lender
subject to each such assignment, determined as of the date the Assignment and
Assumption with respect to such assignment is delivered to the Administrative
Agent, shall not be less than (x) $1,000,000, in the case of assignments under
the Term Facility, and (y) $1,000,000, in the case of assignments under the
Primary Revolving Subfacility or the Singapore Revolving Subfacility, unless, in
each case, each of the Administrative Agent and, so long as no Event of Default
has occurred and is continuing, the Company otherwise consents (each such
consent not to be unreasonably withheld or delayed); provided, however, that
concurrent assignments to members of an Assignee Group and concurrent
assignments from members of an Assignee Group to a single Eligible Assignee (or
to an Eligible Assignee and members of its Assignee Group) will be treated as a
single assignment for purposes of determining whether such minimum amount has
been met; provided further, however, that, notwithstanding anything to the
contrary in this Section 10.06, no assignment shall be permitted that would
result in the transfer of any outstanding Committed Primary Revolving Loan made
to a Dutch Borrower in a principal amount less than €50,000 unless the Eligible
Assignee to which such assignment is made shall be a Primary Revolving Lender
that shall theretofore have made a Committed Primary Revolving Loan to a
Borrower in a principal amount not less than €50,000;
 
(ii)  each partial assignment shall be made as an assignment of a proportionate
part of all the assigning Lender’s rights and obligations under this Agreement
with respect to the Loans or the Commitment of the Class being assigned, except
that this clause (ii) shall not be construed to (A) prohibit the assignment of a
proportionate part of all the assigning Lender’s rights and obligations in
respect of one Class of Commitments or Loans or (B) require any assignment or
transfer of such Lender’s Warrants (if any);
 
 
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(iii)  each such assignment shall require prior written consent (such consent
not to be unreasonably withheld) of:
 
(A)  the Company, provided that no consent of the Company shall be required for
an assignment to (x) a Lender, an Affiliate of a Lender or an Approved Fund or
(y) if an Event of Default has occurred and is continuing, any other Eligible
Assignee; and
 
(B)  the Administrative Agent, provided that no consent of the Administrative
Agent shall be required for an assignment of any Term Loan to a Lender, an
Affiliate of a Lender or an Approved Fund;
 
(iv)  the parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing
and recordation fee of $3,500; and
 
(v)  the Eligible Assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire in which such Eligible
Assignee designates one or more credit contacts to whom all syndicate-level
information (which may contain material non-public information about the
Company, its Subsidiaries and its and their Related Parties or securities) will
be made available and who may receive such information in accordance with the
assignee’s compliance procedures and applicable laws, including Securities Laws.
 
Subject to acceptance and recording thereof by the Administrative Agent pursuant
to subsection (c) of this Section, from and after the effective date specified
in each Assignment and Assumption, the Eligible Assignee thereunder shall be a
party to this Agreement and, to the extent of the interest assigned by such
Assignment and Assumption, have the rights and obligations of a Lender under
this Agreement, and the assigning Lender thereunder shall, to the extent of the
interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under
this Agreement, such Lender shall cease to be a party hereto and shall deliver
to the Company the Note, if any, in its favor marked “cancelled”) but shall
continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05 and 10.04
with respect to facts and circumstances occurring prior to the effective date of
such assignment.  Upon request, each Borrower (at its expense) shall execute and
deliver a Note to the assignee Lender.  Any assignment or transfer by a Lender
of rights or obligations under this Agreement that does not comply with this
subsection shall be treated for purposes of this Agreement as a sale by such
Lender of a participation in such rights and obligations in accordance with
subsection (d) of this Section.
 
 
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(c)  Register.  The Administrative Agent, acting solely for this purpose as an
agent of the Borrowers, shall maintain at one of its offices a copy of each
Assignment and Assumption delivered to it and a register for the recordation of
the names and addresses of the Lenders, and the Commitments of, and principal
amounts of the Loans and L/C Obligations owing to, each Lender pursuant to the
terms hereof from time to time (the “Register”).  The entries in the Register
shall be conclusive, and the Borrowers, the Agents and the Lenders may treat
each Person whose name is recorded in the Register pursuant to the terms hereof
as a Lender hereunder for all purposes of this Agreement, notwithstanding notice
to the contrary.  The Register shall be available for inspection by each of the
Borrowers, the Lenders and the L/C Issuers at any reasonable time and from time
to time upon reasonable prior notice.
 
(d)  Participations.  Any Lender may at any time, without the consent of, or
notice to, any Borrower, any Agent, any L/C Issuer or the Swing Line Lender,
sell participations to any Person (other than a natural person or the Company or
any Subsidiary) (each, a “Participant”) in all or a portion of such Lender’s
rights and/or obligations under this Agreement (including all or a portion of
its Commitment and/or the Loans (including such Lender’s participations in L/C
Obligations and/or Swing Line Loans) owing to it); provided that (i) such
Lender’s obligations under this Agreement shall remain unchanged, (ii) such
Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (iii) the Borrowers, the Agents, the other
Lenders and the L/C Issuers shall continue to deal solely and directly with such
Lender in connection with such Lender’s rights and obligations under this
Agreement.
 
Any agreement or instrument pursuant to which a Lender sells such a
participation shall provide that such Lender shall retain the sole right to
enforce this Agreement and to approve any amendment, modification or waiver of
any provision of this Agreement; provided that such agreement or instrument may
provide that such Lender will not, without the consent of the Participant, agree
to any amendment, waiver or other modification described in the first proviso to
Section 10.01 that affects such Participant.  Subject to subsection (e) of this
Section, each Borrower agrees that each Participant shall be entitled to the
benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to subsection (b) of
this Section.  To the extent permitted by law, each Participant also shall be
entitled to the benefits of Section 10.08 as though it were a Lender, provided
such Participant agrees to be subject to Section 2.13 as though it were a
Lender.
 
(e)  Limitation upon Participant Rights.  A Participant shall not be entitled to
receive any greater payment under Section 3.01 or 3.04 than the applicable
Lender would have been entitled to receive with respect to the participation
sold to such Participant, unless the sale of the participation to such
Participant is made with the Company’s prior written consent.  A Participant
that would be a Foreign Lender if it were a Lender shall not be entitled to the
benefits of Section 3.01 unless the Company is notified of the participation
sold to such Participant and such Participant agrees, for the benefit of the
Borrowers, to comply with Section 3.01(e) as though it were a Lender.
 
(f)  Certain Pledges.  Any Lender may at any time pledge or assign a security
interest in all or any portion of its rights under this Agreement (including
under its Note(s), if any) to secure obligations of such Lender, including any
pledge or assignment to secure obligations to a Federal Reserve Bank, and this
Section shall not apply to any such pledge or assignment of a security interest;
provided that no such pledge or assignment shall release such Lender from any of
its obligations hereunder or substitute any such pledgee or assignee for such
Lender as a party hereto.
 
 
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(g)  Electronic Execution of Assignments.  The words “execution,” “signed,”
“signature,” and words of like import in any Assignment and Assumption shall be
deemed to include electronic signatures or the keeping of records in electronic
form, each of which shall be of the same legal effect, validity or
enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in
any applicable law, including the Federal Electronic Signatures in Global and
National Commerce Act, the New York State Electronic Signatures and Records Act,
or any other similar state laws based on the Uniform Electronic Transactions
Act.
 
10.07  Treatment of Certain Information; Confidentiality.  Each of the Agents,
the Lenders and the L/C Issuers agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to
its Affiliates and to its and its Affiliates’ respective partners, directors,
officers, employees, agents, advisors and representatives (it being understood
that the Persons to whom such disclosure is made will be informed of the
confidential nature of such Information and instructed to keep such Information
confidential), (b) to the extent requested by any regulatory authority
purporting to have jurisdiction over it (including any self-regulatory
authority, such as the National Association of Insurance Commissioners), (c) to
the extent required by applicable laws or regulations or by any subpoena or
similar legal process, (d) to any other party hereto, (e) in connection with the
exercise of any remedies hereunder or under any other Loan Document or any
action or proceeding relating to this Agreement or any other Loan Document or
the enforcement of rights hereunder or thereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section, to (i)
any assignee of or Participant in, or any prospective assignee of or prospective
Participant in, any of its rights or obligations under this Agreement or (ii)
any actual or prospective counterparty (or its advisors) to any swap or
derivative transaction relating to a Borrower and its obligations, (g) with the
consent of the Company or (h) to the extent such Information (x) becomes
publicly available other than as a result of a breach of this Section or (y)
becomes available to any Agent, any Lender, any L/C Issuer or any of their
respective Affiliates on a nonconfidential basis from a source other than the
Company.
 
For purposes of this Section, “Information” means all information received from
the Company or any Subsidiary relating to the Company or any Subsidiary or any
of their respective businesses, other than any such information that is
available to any Agent, any Lender or any L/C Issuer on a nonconfidential basis
prior to disclosure by the Company or any Subsidiary; provided that, in the case
of information received from the Company or any Subsidiary after the Closing
Date, such information is clearly identified at the time of delivery as
confidential.  Any Person required to maintain the confidentiality of
Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of
care to maintain the confidentiality of such Information as such Person would
accord to its own confidential information.
 
Each of the Agents, the Lenders and the L/C Issuers acknowledges that (a) the
Information may include material non-public information concerning the Company
or a Subsidiary, as the case may be, (b) it has developed compliance procedures
regarding the use of material non-public information and (c) it will handle such
material non-public information in accordance with applicable Law, including
Federal and state securities Laws.  All such information, including requests for
waivers and amendments, furnished by the Company or the Administrative Agent
pursuant to, or in the course of administering, this Agreement will be
syndicate-level information, which may contain material non-public information
concerning the Company and the Subsidiaries and their securities.  Accordingly,
each Lender represents to the Company and the Administrative Agent that it has
identified in its Administrative Questionnaire a credit contact who may receive
information that may contain material non-public information in accordance with
its compliance procedures and applicable law, including Federal, state and
foreign securities laws.
 
 
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10.08  Right of Setoff.  If an Event of Default shall have occurred and be
continuing, each Lender, each L/C Issuer and each of their respective Affiliates
is hereby authorized at any time and from time to time, to the fullest extent
permitted by applicable law, to set off and apply any and all deposits (general
or special, time or demand, provisional or final, in whatever currency) at any
time held and other obligations (in whatever currency) at any time owing by such
Lender, such L/C Issuer or any such Affiliate to or for the credit or the
account of any Borrower against any and all of the obligations then due of such
Borrower now or hereafter existing under this Agreement or any other Loan
Document held by such Lender or such L/C Issuer, irrespective of whether or not
such Lender or such L/C Issuer shall have made any demand under this Agreement
or any other Loan Document and although such obligations of such Borrower are
owed to a branch or office of such Lender or such L/C Issuer different from the
branch or office holding such deposit or obligated on such indebtedness.  The
rights of each Lender, each L/C Issuer and their respective Affiliates under
this Section are in addition to other rights and remedies (including other
rights of setoff) that such Lender, such L/C Issuer or their respective
Affiliates may have.  Each Lender and each L/C Issuer agrees to notify the
Company and the Administrative Agent promptly after any such setoff and
application; provided that the failure to give such notice shall not affect the
validity of such setoff and application.
 
10.09  Interest Rate Limitation.  Notwithstanding anything to the contrary
contained in any Loan Document, the interest paid or agreed to be paid under the
Loan Documents shall not exceed the maximum rate of non-usurious interest
permitted by applicable Law (the “Maximum Rate”).  If any Agent or any Lender
shall receive interest in an amount that exceeds the Maximum Rate, the excess
interest shall be applied to the principal of the Loans or, if it exceeds such
unpaid principal, refunded to the Company.  In determining whether the interest
contracted for, charged, or received by an Agent or a Lender exceeds the Maximum
Rate, such Person may, to the extent permitted by applicable Law, (a)
characterize any payment that is not principal as an expense, fee, or premium
rather than interest, (b) exclude voluntary prepayments and the effects thereof
and (c) amortize, prorate, allocate and spread in equal or unequal parts the
total amount of interest throughout the contemplated term of the Loan Documents
Obligations hereunder.
 
10.10  Counterparts; Integration; Effectiveness.  This Agreement may be executed
in counterparts (and by different parties hereto in different counterparts),
each of which shall constitute an original, but all of which when taken together
shall constitute a single contract.  This Agreement, the other Loan Documents
and any separate letter agreements with respect to fees payable to the
Administrative Agent constitute the entire contract among the parties relating
to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof.  Except
as provided in Section 4.01, this Agreement shall become effective when it shall
have been executed by the Administrative Agent and when the Administrative Agent
shall have received counterparts hereof that, when taken together, bear the
signatures of each of the other parties hereto, and thereafter shall be binding
upon and inure to the benefit of the parties hereto (and any Affiliate or branch
of JPMCB acting as an Agent) and their respective successors and
assigns.  Delivery of an executed counterpart of a signature page of this
Agreement by facsimile shall be effective as delivery of a manually executed
counterpart of this Agreement.
 
 
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10.11  Survival.  All covenants, agreements, representations and warranties made
by the Loan Parties in the Loan Documents and in the certificates or other
instruments delivered in connection with or pursuant to this Agreement or any
other Loan Document shall be considered to have been relied upon by the other
parties hereto and shall survive the execution and delivery of the Loan
Documents and the making of any Loans and issuance of any Letters of Credit,
regardless of any investigation made by any such other party or on its behalf
and notwithstanding that any Agent, any L/C Issuer or any Lender may have had
notice or knowledge of any Default or incorrect representation or warranty at
the time of any Credit Extension, and shall continue in full force and effect as
long as the principal of or any accrued interest on any Loan or any fee or any
other amount payable under this Agreement is outstanding and unpaid or any
Letter of Credit (other than, following the Letter of Credit Expiration Date,
any Extended Letter of Credit) is outstanding and so long as the Commitments
have not expired or terminated.  The provisions of Sections 3.01, 3.04, 3.05 and
10.04 and Article IX shall survive and remain in full force and effect
regardless of the consummation of the transactions contemplated hereby, the
repayment of the Loans, the expiration or termination of the Letters of Credit
and the Commitments or the termination of this Agreement or any provision
hereof.
 
10.12  Severability.  If any provision of this Agreement or the other Loan
Documents is held to be illegal, invalid or unenforceable, (a) the legality,
validity and enforceability of the remaining provisions of this Agreement and
the other Loan Documents shall not be affected or impaired thereby and (b) the
parties shall endeavor in good faith negotiations to replace the illegal,
invalid or unenforceable provisions with valid provisions the economic effect of
which comes as close as possible to that of the illegal, invalid or
unenforceable provisions.  The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.
 
10.13  Replacement of Lenders.  If any Lender requests compensation under
Section 3.04, or if any Borrower is required to pay any additional amount to any
Lender or any Governmental Authority for the account of any Lender pursuant to
Section 3.01, or if any Lender is a Defaulting Lender, or if any Lender has
failed to consent to a proposed amendment, waiver, modification, discharge or
termination which pursuant to the terms of Section 10.01 requires the consent of
all the Lenders or each Lender affected thereby and with respect to which the
Required Lenders have granted their consent or if any other circumstance exists
hereunder that gives the Company the right to replace a Lender as a party
hereto, then the Company may, at its sole expense and effort, upon notice to
such Lender and the Administrative Agent, require such Lender to assign and
delegate, without recourse (in accordance with and subject to the restrictions
contained in, and consents required by, Section 10.06, all of its interests,
rights and obligations under this Agreement and the related Loan Documents to an
assignee that shall assume such obligations (which assignee may be another
Lender, if a Lender accepts such assignment); provided that:
 
 
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(a)  the Company shall have received the prior written consent of the
Administrative Agent;
 
(b)  the Company shall have paid (or caused another Loan Party to pay) to the
Administrative Agent the assignment fee specified in Section 10.06(b);
 
(c)  such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans, L/C Advances and funded risk participations
in Swing Line Loans, accrued interest thereon, accrued fees and all other
amounts payable to it hereunder and under the other Loan Documents (including
any amounts under Section 3.05) from the assignee (to the extent of such
outstanding principal, L/C Advances, participations and accrued interest and
fees) or the Company or other applicable Borrower (in the case of all other
amounts);
 
(d)  in the case of any such assignment resulting from a claim for compensation
under Section 3.04 or payments required to be made pursuant to Section 3.01,
such assignment will result in a reduction in such compensation or payments;
 
(e)  in the case of any such assignment resulting from a failure to provide a
consent, the assignee shall have given such consent; and
 
(f)  such assignment does not conflict with applicable Laws.
 
A Lender shall not be required to make any such assignment or delegation if
prior thereto, as a result of a waiver by such Lender (if not a Defaulting
Lender) or otherwise, the circumstances entitling the Company to require such
assignment and delegation cease to apply.
 
10.14  Governing Law; Jurisdiction; Etc. i)GOVERNING LAW.  THIS AGREEMENT SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK.
 
(b)  SUBMISSION TO JURISDICTION.  EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE
SUPREME COURT OF THE STATE OF NEW YORK SITTING IN THE COUNTY OF NEW YORK AND OF
THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY
APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR
ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND
UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR
PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT.  EACH OF THE
PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING
SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE
JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.  NOTHING IN THIS AGREEMENT OR
IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY AGENT, ANY LENDER OR
ANY L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY BORROWER OR ITS PROPERTIES
IN THE COURTS OF ANY JURISDICTION.
 
 
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(c)  WAIVER OF VENUE.  EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR
HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT
REFERRED TO IN SUBSECTION (B) ABOVE.  EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE
DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING
IN ANY SUCH COURT.
 
(d)  SERVICE OF PROCESS.  EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF
PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02.  NOTHING IN THIS
AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY
OTHER MANNER PERMITTED BY APPLICABLE LAW.
 
(e)  APPOINTMENT OF SERVICE OF PROCESS AGENT.  EACH FOREIGN BORROWER HEREBY
IRREVOCABLY DESIGNATES, APPOINTS AND EMPOWERS THE COMPANY AS ITS DESIGNEE,
APPOINTEE AND AGENT TO RECEIVE, ACCEPT AND ACKNOWLEDGE FOR AND ON ITS BEHALF,
AND IN RESPECT OF ITS PROPERTY, SERVICE OF ANY AND ALL LEGAL PROCESS, SUMMONS,
NOTICES AND DOCUMENTS WHICH MAY BE SERVED IN ANY SUCH ACTION OR PROCEEDING.
 
10.15  Waiver of Jury Trial.  EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL
BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER
THEORY).  EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH
OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE
BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.
 
10.16  USA PATRIOT Act Notice.  Each Lender that is subject to the Act (as
hereinafter defined) and the Administrative Agent (for itself and not on behalf
of any Lender) hereby notifies the Borrowers that pursuant to the requirements
of the Patriot Act, it is required to obtain, verify and record information that
identifies the Borrowers, which information includes the name and address of
each Borrower and other information that will allow such Lender or any Agent, as
applicable, to identify such Borrower in accordance with the Patriot Act.
 
 
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10.17  Judgment Currency.  If, for the purposes of obtaining judgment in any
court, it is necessary to convert a sum due hereunder or any other Loan Document
in one currency into another currency, the rate of exchange used shall be that
at which in accordance with normal banking procedures the Administrative Agent
could purchase the first currency with such other currency on the Business Day
preceding that on which final judgment is given.  The obligation of each
Borrower in respect of any such sum due from it to the Administrative Agent or
the Lenders hereunder or under the other Loan Documents shall, notwithstanding
any judgment in a currency (the “Judgment Currency”) other than that in which
such sum is denominated in accordance with the applicable provisions of this
Agreement (the “Agreement Currency”), be discharged only to the extent that on
the Business Day following receipt by the Administrative Agent of any sum
adjudged to be so due in the Judgment Currency, the Administrative Agent may in
accordance with normal banking procedures purchase the Agreement Currency with
the Judgment Currency.  If the amount of the Agreement Currency so purchased is
less than the sum originally due to the Administrative Agent from any Borrower
in the Agreement Currency, such Borrower agrees, as a separate obligation and
notwithstanding any such judgment, to indemnify the Administrative Agent or the
Person to whom such obligation was owing against such loss.  If the amount of
the Agreement Currency so purchased is greater than the sum originally due to
the Administrative Agent in such currency, the Administrative Agent agrees to
return the amount of any excess to such Borrower (or to any other Person who may
be entitled thereto under applicable law).
 
10.18  No Fiduciary Duty.  Each Borrower, on behalf of itself and its
Subsidiaries, agrees that in connection with all aspects of the transactions
contemplated hereby and any communications in connection therewith, the Company,
its Subsidiaries and their Affiliates, on the one hand, and the Agents, the
Lenders, the L/C Issuers and their Affiliates, on the other hand, will have a
business relationship that does not create, by implication or otherwise, any
fiduciary duty on the part of the Agents, the Lenders, the L/C Issuers or their
Affiliates, and no such duty will be deemed to have arisen in connection with
any such transactions or communications.
 
10.19  Concerning Sonion Loan Parties.  Notwithstanding anything to the contrary
in this Agreement, the obligations of any Sonion Loan Party under this Agreement
and the other Loan Documents (other than any obligations in respect of Credit
Extensions made to such Sonion Loan Party) shall be deemed not to be assumed or
shall be limited, as the case may be, to the extent required for the such
obligations not to constitute unlawful financial assistance within the meaning
of Sections 115(1) and (2) of the Danish Public Companies Act
(Aktieselskabsloven), Consolidation Act No. 649 of 15 June 2006 and Sections
49(1) and (2) of the Danish Private Companies Act (Anpartselskabsloven),
Consolidation Act No. 650 of 15 June 2006, except to the extent that Danish law
would otherwise uphold such obligations of such Sonion Loan Party.
 
 
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10.20  Release of Liens and Guarantees.  i)Notwithstanding any contrary
provision herein or in any other Loan Document, (i) upon any Disposition by any
Loan Party of any Collateral consisting of inventory or obsolete or worn-out
property, in each case in the ordinary course of business in a transaction
permitted under Section 7.05(a) or 7.05(b), the security interests in such
Collateral created by the Security Documents shall be automatically released,
and (ii) if the Company shall request the release under the Guarantee Agreement
of any Guarantee of, or under any Security Document of any Collateral owned by,
any Subsidiary Guarantor (other than a Borrower) upon the consummation of any
transaction permitted by this Agreement (as in effect from time to time) as a
result of which such Subsidiary Guarantor ceases to be a Subsidiary (or, in the
case of any Subsidiary Guarantor that is a Domestic Holding Company, becomes a
Subsidiary of a Foreign Subsidiary), or the release under any Security Document
of any Collateral not referred to in the preceding clause (i) to be Disposed of
by any Loan Party (other than to any other Loan Party), in each case in a
transaction permitted under the terms of this Agreement (as in effect from time
to time), and shall in either case under this clause (ii) deliver to the
Administrative Agent a certificate to the effect that such transaction and, if
applicable, the application of the proceeds thereof will comply with the terms
of this Agreement, the Administrative Agent, if satisfied that the applicable
certificate is correct, shall, without the consent of any Secured Party and at
the Company’s expense, execute and deliver all documents that the Company shall
reasonably request to evidence such release.
 
(b)  Notwithstanding any contrary provision herein or in any other Loan
Document, the Guarantees provided under the Guarantee Agreement and the Liens
created under the Security Documents shall terminate when all the Loan Documents
Obligations (other than contingent obligations for indemnification, expense
reimbursement, tax gross-up or yield protection as to which no claim has been
made) have been indefeasibly paid in full, all Commitments have terminated or
expired, the L/C Obligations have been reduced to zero and the L/C Issuers have
no further obligations to issue Letters of Credit hereunder.  In connection with
any such termination, the Administrative Agent shall execute and deliver to the
Company, at the Company’s expense, all documents that the Company shall
reasonably request to evidence such termination.
 
(c)  Reserved.
 
(d)  Reserved.
 
(e)  Any execution and delivery of documents by the Administrative Agent
pursuant to this Section 10.20 shall be without recourse to or warranty by the
Administrative Agent.
 
10.21  Defaulting Lenders.  Notwithstanding any provision of this Agreement to
the contrary but without limitation of any other provision of this Agreement
relating to Defaulting Lenders, if one or more Swing Line Loans are outstanding
or any L/C Obligations exist at the time a Lender is a Defaulting Lender, the
Primary Revolving Borrowers shall, within one Business Day following notice to
that effect by the Administrative Agent, (a) prepay such Swing Line Loans in
full or, if agreed by the Swing Line Lender, cash collateralize the Defaulting
Lender’s risk participation in such Swing Line Loans on terms satisfactory to
the Swing Line Lender and (b) cash collateralize the Defaulting Lender’s risk
participation in such L/C Obligations on terms satisfactory to such L/C Issuer
for so long as such participation is outstanding.
 
 
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10.22  Amendment of Security Documents; Second Lien Intercreditor Agreement;
Pari Passu Intercreditor Agreement.  The Lenders acknowledge that obligations of
the Company and its Subsidiaries under the Permitted Refinancing Indebtedness
may be secured by Liens on assets of the Company and its Subsidiaries that
constitute Permitted Refinancing Indebtedness Collateral.  At the request of the
Company, the Administrative Agent shall enter into (a) an Intercreditor
Agreement of the applicable type and (b) such amendments to the Security
Documents as the Administrative Agent shall determine to be appropriate or
necessary to cause the applicable Permitted Refinancing Indebtedness to be
secured by Permitted Refinancing Indebtedness Collateral.  Each Lender hereby
irrevocably (a) authorizes and directs the Administrative Agent to determine the
terms and conditions of the such Intercreditor Agreement so long as such terms
and conditions provide that the Liens securing the applicable Permitted
Refinancing Indebtedness are subordinated to, or rank pari passu with, as
applicable, the Liens created pursuant to the Security Documents to secure the
Secured Obligations (or the holders of such Permitted Refinancing Indebtedness
otherwise agree that all proceeds of any sale, collection or other liquidation
of any assets of the Company and its Subsidiaries securing obligations arising
under, or relating to, such Permitted Refinancing Indebtedness that are received
on account of any enforcement of rights or exercise of remedies with respect
thereto, and all distributions made in respect of such assets in any bankruptcy,
insolvency or similar proceeding involving the Company or any of its
Subsidiaries, shall be applied to satisfy the Secured Obligations prior to being
applied to satisfy, or on a pari passu basis with, as applicable, any
obligations arising under, or relating to, such Permitted Refinancing
Indebtedness), (b) consents to the treatment of Liens and proceeds of the
Collateral to be provided for under such Intercreditor Agreement or the amended
Collateral Documents, as the case may be, (c) subject to clause (a) above,
authorizes and directs the Administrative Agent to execute and deliver
amendments to the Collateral Documents referred to above, such Intercreditor
Agreement and any documents relating thereto, in each case on behalf of such
Lender and without any further consent, authorization or other action by such
Lender, (d) agrees that, upon the execution and delivery thereof, such Lender
will be bound by the provisions of the such Intercreditor Agreement as if it
were a signatory thereto and will take no actions contrary to the provisions of
the such Intercreditor Agreement and (e) agrees that no Lender shall have any
right of action whatsoever against the Administrative Agent as a result of any
action taken by the Administrative Agent pursuant to this Section 10.22 or in
accordance with the terms of the such Intercreditor Agreement.  Subject to
clause (a) above, each Lender hereby further irrevocably authorizes and directs
the Administrative Agent, if so requested by the Company to enter into such
amendments, supplements or other modifications to such Intercreditor Agreement,
in connection with any extension, renewal, refinancing or replacement of any
Secured Obligations or applicable Permitted Refinancing Indebtedness as are
reasonably acceptable to the Administrative Agent to give effect thereto, in
each case on behalf of such Lender and without any further consent,
authorization or other action by such Lender.  The Administrative Agent shall
have the benefit of the provisions of Article VIII with respect to all actions
taken by it pursuant to this Section 10.22 or in accordance with the terms of
the such Intercreditor Agreement to the full extent thereof.  Each Secured
Party, whether or not a party hereto, will be deemed, by its acceptance of the
benefits of the Collateral and of the Guarantees of the Secured Obligations
provided under the Loan Documents, to have agreed to the provisions of this
Section 10.22.
 
 
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ARTICLE XI.
COLLECTION ALLOCATION MECHANISM
 
Reserved.
 
 
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IN WITNESS WHEREOF, the parties hereto have duly executed this Credit Agreement
as of the day and year first above written.
 
 

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