Exhibit 10.1



 Exhibit 10.1 
 Execution Copy 
 SECOND AMENDED AND RESTATED
REVOLVING CREDIT AGREEMENT 
 dated as of December 21, 2006 
 among 
 NEWMARKET CORPORATION 
 as Borrower 
 THE LENDERS FROM TIME TO TIME PARTY HERETO, 
 SUNTRUST BANK

 as Administrative Agent, 
 PNC BANK, NATIONAL ASSOCIATION 
 as Documentation Agent, 
 and 
 GENERAL
ELECTRIC CAPITAL CORPORATION and LASALLE BANK NATIONAL 
 ASSOCIATION 
 as Co-Syndication Agents 
  
  
 SUNTRUST CAPITAL MARKETS, INC.,

 as Arranger and Book Manager 







 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 ARTICLE I
	  		  	
		
	 DEFINITIONS; CONSTRUCTION
	  	1
	 Section 1.1.
	  	 Definitions
	  	1
	 Section 1.2.
	  	 Classifications of Loans and Borrowings
	  	25
	 Section 1.3.
	  	 Accounting Terms and Determination
	  	25
	 Section 1.4.
	  	 Terms Generally
	  	25
			
	 ARTICLE II
	  		  	
		
	 AMOUNT AND TERMS OF THE COMMITMENTS
	  	26
	 Section 2.1.
	  	 General Description of Facilities
	  	26
	 Section 2.2.
	  	 Revolving Loans
	  	26
	 Section 2.3.
	  	 Procedure for Revolving Borrowings
	  	26
	 Section 2.4.
	  	 Swingline Commitment
	  	27
	 Section 2.5.
	  	 Funding of Borrowings
	  	28
	 Section 2.6.
	  	 Interest Elections
	  	29
	 Section 2.7.
	  	 Optional Reduction and Termination of Commitments
	  	30
	 Section 2.8.
	  	 Repayment of Loans
	  	30
	 Section 2.9.
	  	 Evidence of Indebtedness
	  	31
	 Section 2.10.
	  	 Optional Prepayments
	  	31
	 Section 2.11.
	  	 Intentionally Omitted
	  	32
	 Section 2.12.
	  	 Mandatory Prepayments
	  	32
	 Section 2.13.
	  	 Interest on Loans
	  	32
	 Section 2.14.
	  	 Fees
	  	33
	 Section 2.15.
	  	 Computation of Interest and Fees
	  	34
	 Section 2.16.
	  	 Inability to Determine Interest Rates
	  	34
	 Section 2.17.
	  	 Illegality
	  	34
	 Section 2.18.
	  	 Increased Costs
	  	35
	 Section 2.19.
	  	 Funding Indemnity
	  	36
	 Section 2.20.
	  	 Taxes
	  	36
	 Section 2.21.
	  	 Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	  	38
	 Section 2.22.
	  	 Letters of Credit
	  	40
	 Section 2.23.
	  	 Increase of Commitments; Additional Lenders
	  	44
	 Section 2.24.
	  	 Mitigation of Obligations
	  	45
	 Section 2.25.
	  	 Replacement of Lenders
	  	46
			
	 ARTICLE III
	  		  	
		
	 CONDITIONS PRECEDENT TO LOANS AND LETTERS OF CREDIT
	  	47
	 Section 3.1.
	  	 Conditions To Effectiveness
	  	47
	 Section 3.2.
	  	 Each Credit Event
	  	49
	 Section 3.3.
	  	 Delivery of Documents
	  	49









					
	 Section 3.4.
	  	 Effect of Amendment and Restatement
	  	50
			
	 ARTICLE IV
	  		  	
		
	 REPRESENTATIONS AND WARRANTIES
	  	50
	 Section 4.1.
	  	 Existence; Power
	  	50
	 Section 4.2.
	  	 Organizational Power; Authorization
	  	51
	 Section 4.3.
	  	 Governmental Approvals; No Conflicts
	  	51
	 Section 4.4.
	  	 Financial Statements
	  	51
	 Section 4.5.
	  	 Litigation and Environmental Matters
	  	52
	 Section 4.6.
	  	 Compliance with Laws and Agreements
	  	52
	 Section 4.7.
	  	 Investment Company Act, Etc.
	  	52
	 Section 4.8.
	  	 Taxes
	  	52
	 Section 4.9.
	  	 Margin Regulations
	  	52
	 Section 4.10.
	  	 ERISA
	  	53
	 Section 4.11.
	  	 Ownership of Property
	  	53
	 Section 4.12.
	  	 Disclosure
	  	54
	 Section 4.13.
	  	 Labor Relations
	  	54
	 Section 4.14.
	  	 Subsidiaries
	  	54
	 Section 4.15.
	  	 Solvency
	  	54
	 Section 4.16.
	  	 OFAC
	  	54
	 Section 4.17.
	  	 Patriot Act
	  	55
	 Section 4.18.
	  	 Security Documents
	  	55
			
	 ARTICLE V
	  		  	
		
	 AFFIRMATIVE COVENANTS
	  	56
	 Section 5.1.
	  	 Financial Statements and Other Information
	  	56
	 Section 5.2.
	  	 Notices of Material Events
	  	57
	 Section 5.3.
	  	 Existence; Conduct of Business
	  	58
	 Section 5.4.
	  	 Compliance with Laws, Etc.
	  	59
	 Section 5.5.
	  	 Payment of Obligations
	  	59
	 Section 5.6.
	  	 Books and Records
	  	59
	 Section 5.7.
	  	 Visitation, Inspection, Etc.
	  	59
	 Section 5.8.
	  	 Maintenance of Properties; Insurance
	  	59
	 Section 5.9.
	  	 Use of Proceeds and Letters of Credit
	  	60
	 Section 5.10.
	  	 Casualty and Condemnation
	  	60
	 Section 5.11.
	  	 Cash Management
	  	60
	 Section 5.12.
	  	 Additional Subsidiaries
	  	60
	 Section 5.13.
	  	 Further Assurances
	  	62
	 Section 5.14.
	  	 Post-Closing Covenant
	  	62
			
	 ARTICLE VI
	  		  	
		
	 FINANCIAL COVENANTS
	  	63
	 Section 6.1.
	  	 Leverage Ratio
	  	63
	 Section 6.2.
	  	 Fixed Charge Coverage Ratio
	  	63

  

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	 Section 6.3.
	  	 Consolidated Net Worth
	  	63
			
	 ARTICLE VII
	  		  	
		
	 NEGATIVE COVENANTS
	  	63
	 Section 7.1.
	  	 Indebtedness and Preferred Equity
	  	63
	 Section 7.2.
	  	 Negative Pledge
	  	65
	 Section 7.3.
	  	 Fundamental Changes
	  	66
	 Section 7.4.
	  	 Investments, Loans, Etc.
	  	67
	 Section 7.5.
	  	 Restricted Payments
	  	68
	 Section 7.6.
	  	 Sale of Assets
	  	69
	 Section 7.7.
	  	 Transactions with Affiliates
	  	70
	 Section 7.8.
	  	 Restrictive Agreements
	  	70
	 Section 7.9.
	  	 Sale and Leaseback Transactions
	  	70
	 Section 7.10.
	  	 Hedging Transactions
	  	71
	 Section 7.11.
	  	 Amendment to Material Documents
	  	71
	 Section 7.12.
	  	 Accounting Changes
	  	71
			
	 ARTICLE VIII
	  		  	
		
	 EVENTS OF DEFAULT
	  	71
	 Section 8.1.
	  	 Events of Default
	  	71
	 Section 8.2.
	  	 Application of Proceeds from Collateral
	  	74
			
	 ARTICLE IX
	  		  	
		
	 THE ADMINISTRATIVE AGENT
	  	75
	 Section 9.1.
	  	 Appointment of Administrative Agent
	  	75
	 Section 9.2.
	  	 Nature of Duties of Administrative Agent
	  	75
	 Section 9.3.
	  	 Lack of Reliance on the Administrative Agent
	  	76
	 Section 9.4.
	  	 Certain Rights of the Administrative Agent
	  	76
	 Section 9.5.
	  	 Reliance by Administrative Agent
	  	76
	 Section 9.6.
	  	 The Administrative Agent in its Individual Capacity
	  	77
	 Section 9.7.
	  	 Successor Administrative Agent
	  	77
	 Section 9.8.
	  	 Authorization to Execute other Loan Documents
	  	78
	 Section 9.9.
	  	 Documentation Agent; Syndication Agent
	  	78
			
	 ARTICLE X
	  		  	
		
	 MISCELLANEOUS
	  	78
	 Section 10.1.
	  	 Notices
	  	78
	 Section 10.2.
	  	 Waiver; Amendments
	  	80
	 Section 10.3.
	  	 Expenses; Indemnification
	  	81
	 Section 10.4.
	  	 Successors and Assigns
	  	83
	 Section 10.5.
	  	 Governing Law; Jurisdiction; Consent to Service of Process
	  	87
	 Section 10.6.
	  	 WAIVER OF JURY TRIAL
	  	87
	 Section 10.7.
	  	 Right of Setoff
	  	88

  

 iii 









					
	 Section 10.8.
	  	 Counterparts; Integration
	  	88
	 Section 10.9.
	  	 Survival
	  	88
	 Section 10.10.
	  	 Severability
	  	89
	 Section 10.11.
	  	 Confidentiality
	  	89
	 Section 10.12.
	  	 Interest Rate Limitation
	  	89
	 Section 10.13.
	  	 Waiver of Effect of Corporate Seal
	  	90
	 Section 10.14.
	  	 Patriot Act
	  	90
	 Section 10.15.
	  	 Release of Liens
	  	90
	 Section 10.16.
	  	 Location of Closing
	  	91

  

 iv 









							
			
	 Schedules
	  		    	
		  	 Schedule I
	  	-	    	 Applicable Margin and Applicable Percentage

		  	 Schedule II
	  		    	 Commitment Amounts

		  	 Schedule 2.21
	  	-	    	 Existing Letters of Credit

		  	 Schedule 4.5
	  	-	    	 Environmental Matters

		  	 Schedule 4.14
	  	-	    	 Subsidiaries

		  	 Schedule 7.1
	  	-	    	 Outstanding Indebtedness

		  	 Schedule 7.2
	  	-	    	 Existing Liens

		  	 Schedule 7.4
	  	-	    	 Existing Investments

			
	 Exhibits
	  		    	
				
		  	 Exhibit A
	  	-	    	 Form of Revolving Note

		  	 Exhibit B
	  	-	    	 Form of Swingline Note

		  	 Exhibit C
	  	-	    	 Form of Assignment and Acceptance

		  	 Exhibit D
	  	-	    	 Form of Subsidiary Guarantee Agreement

				
		  	 Exhibit 2.3
	  	-	    	 Form of Notice of Revolving Borrowing

		  	 Exhibit 2.4
	  	-	    	 Form of Notice of Swingline Borrowing

		  	 Exhibit 2.6
	  	-	    	 Form of Notice of Continuation/Conversion

		  	 Exhibit 3.1(b)(iv)
	  	-	    	 Form of Secretary’s Certificate

		  	 Exhibit 3.1(b)(viii)
	  	-	    	 Form of Officer’s Certificate

		  	 Exhibit 5.1(c)
	  	-	    	 Form of Compliance Certificate

		  	 Exhibit 8.2
	  	-	    	 Form of Letter Agreement of Specified Hedge Providers


  

 v 








 SECOND AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT 
 THIS SECOND AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT (this “Agreement”) is made and entered into as of,
December 21, 2006, by and among NewMarket Corporation, a Virginia corporation (the “Borrower”), the several banks and other financial institutions and lenders from time to time party hereto (the “Lenders”), and
SUNTRUST BANK, in its capacity as administrative agent for the Lenders (the “Administrative Agent”), as issuing bank (the “Issuing Bank”) and as swingline lender (the “Swingline Lender”).

 W I T N E S S E T H: 
 WHEREAS, Borrower, certain of the Lenders and SunTrust Bank as Administrative Agent are parties to that certain Amended and Restated Credit Agreement, dated as of June 18, 2004 (as amended,
restated, supplemented or otherwise modified from time to time, the “Existing Credit Agreement”), pursuant to which the Lenders established a $100,000,000 revolving credit facility in favor of Borrower; 
 WHEREAS, the Borrower has requested that the Lenders amend and restate the Existing Credit Agreement in order to modify certain
provisions thereof; 
 WHEREAS, subject to the terms and conditions of this Agreement, the Lenders, the Issuing Bank and
the Swingline Lender to the extent of their respective Commitments as defined herein, are willing amend and restate the Existing Credit Agreement and to severally to establish a $100,000,000 revolving credit facility, letter of credit subfacility
and the swingline subfacility in favor of the Borrower. 
 NOW, THEREFORE, in consideration of the premises and the
mutual covenants herein contained, the Borrower, the Lenders, the Administrative Agent, the Issuing Bank and the Swingline Lender agree that the Existing Credit Agreement is hereby amended and restated as follows: 
 ARTICLE I 
 DEFINITIONS; CONSTRUCTION 
 Section 1.1. Definitions. In addition to the other terms
defined herein, the following terms used herein shall have the meanings herein specified (to be equally applicable to both the singular and plural forms of the terms defined): 
 “Accounts” shall mean, for any Person, all “accounts” as defined in the Uniform Commercial Code, now or
hereafter owned or acquired by such Person or in which such Person now or hereafter has or acquires any rights and, in any event, shall mean and include, without limitation, (a) all accounts receivable, contract rights, book debts, notes,
drafts and other obligations or indebtedness owing to such Person arising from the sale or lease of goods or other property by it or the performance of services by it (including, without limitation, any such obligation which might be characterized
as an account, contract right or general intangible under the Uniform Commercial Code in effect in any jurisdiction), (b) all of such Person’s rights in, to








 
and under all purchase and sales orders for goods, services or other property, and all of such Person’s rights to any goods, services or other property represented by any of the foregoing
(including returned or repossessed goods and unpaid sellers’ rights of rescission, replevin, reclamation and rights to stoppage in transit), (c) all monies due to or to become due to such Person under all contracts for the sale, lease or
exchange of goods or other property or the performance of services by it (whether or not yet earned by performance on the part of such Person), and (d) all collateral security and guarantees of any kind given to such Person with respect to any
of the foregoing. 
 “Additional Commitment Amount” shall have the meaning given to such term in
Section 2.23. 
 “Additional Lender” shall have the meaning given to such term in
Section 2.23. 
 “Adjusted LIBO Rate” shall mean, with respect to each Interest Period for a
Eurodollar Borrowing, the rate per annum obtained by dividing (i) LIBOR for such Interest Period by (ii) a percentage equal to 1.00 minus the Eurodollar Reserve Percentage. 
 “Administrative Agent” shall have the meaning assigned to such term in the opening paragraph hereof. 
 “Administrative Questionnaire” shall mean, with respect to each Lender, an administrative questionnaire in the form
prepared by the Administrative Agent and submitted to the Administrative Agent duly completed by such Lender. 
 “Affiliate” shall mean, as to any Person, any other Person that directly, or indirectly through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such Person. For the purposes of this
definition, “Control” shall mean the power, directly or indirectly, to direct or cause the direction of the management and policies of a Person, whether through the ability to exercise voting power, by control or otherwise. The terms
“Controlling”, “Controlled by”, and “under common Control with” have the meanings correlative thereto. 
 “Aggregate Revolving Commitment Amount” shall mean the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $100,000,000.

 “Aggregate Revolving Commitments” shall mean, collectively, all Revolving Commitments of all Lenders at any
time outstanding. 
 “Applicable Lending Office” shall mean, for each Lender and for each Type of Loan, the
“Lending Office” of such Lender (or an Affiliate of such Lender) designated for such Type of Loan in the Administrative Questionnaire submitted by such Lender or such other office of such Lender (or an Affiliate of such Lender) as such
Lender may from time to time specify to the Administrative Agent and the Borrower as the office by which its Loans of such Type are to be made and maintained. 
  

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 “Applicable Margin” shall mean, as of any date, with respect to interest
on all Revolving Loans outstanding on any date, a percentage per annum determined by reference to the applicable Leverage Ratio in effect on such date as set forth on Schedule I; provided, that a change in the Applicable Margin
resulting from a change in the Leverage Ratio shall be effective on the second Business Day after which the Borrower delivers the financial statements required by Section 5.1(a) or (b) and the Compliance Certificate required
by Section 5.1(c); provided further, that if at any time the Borrower shall have failed to deliver such financial statements and such Compliance Certificate when so required, the Applicable Margin shall be at Level I as set
forth on Schedule I until such time as such financial statements and Compliance Certificate are delivered, at which time the Applicable Margin shall be determined as provided above. Notwithstanding the foregoing, the Applicable Margin from
the Closing Date until the financial statements and Compliance Certificate for the Fiscal Quarter ending December 31, 2006 are required to be delivered shall be at Level V as set forth on Schedule I. In the event that any financial
statement or Compliance Certificate delivered pursuant to Section 5.1(a), (b) or (c) is shown to be inaccurate (regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is
discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin as set forth on Schedule I for any period than the Applicable Margin applied for such period, then (i) the Borrower shall
immediately deliver to the Administrative Agent a correct Compliance Certificate for such period, (ii) the Applicable Percentage shall be at Level I as set forth on Schedule I for such period, and (iii) the Borrower shall
immediately pay to the Administrative Agent, for the account of the Lenders, the accrued additional interest owing as a result of such increased Applicable Margin for such period. The provisions of this definition shall not limit the rights of the
Administrative Agent and the Lenders with respect to Section 2.13(c) or Article VIII. 
 “Applicable
Percentage” shall mean, as of any date, with respect to the commitment fee as of any date, the percentage per annum determined by reference to the applicable Leverage Ratio in effect on such date as set forth on Schedule I;
provided, that a change in the Applicable Percentage resulting from a change in the Leverage Ratio shall be effective on the second Business Day after which the Borrower delivers the financial statements required by Section 5.1(a)
or (b) and the Compliance Certificate required by Section 5.1(c); provided further, that if at any time the Borrower shall have failed to deliver such financial statements and such Compliance Certificate, the
Applicable Percentage shall be at Level I as set forth on Schedule I until such time as such financial statements and Compliance Certificate are delivered, at which time the Applicable Percentage shall be determined as provided above.
Notwithstanding the foregoing, the Applicable Percentage for the commitment fee from the Closing Date until the financial statements and Compliance Certificate for the Fiscal Quarter ending December 31, 2006 are required to be delivered shall
be at Level V as set forth on Schedule I. In the event that any financial statement or Compliance Certificate delivered pursuant to Section 5.1(a), (b) or (c) is shown to be inaccurate (regardless of
whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage as set forth on Schedule I for any period than
the Applicable Percentage applied for such period, then (i) the Borrower shall immediately deliver to the Administrative Agent a correct Compliance Certificate for such period, (ii) the Applicable Percentage shall be at Level I as set
forth on Schedule I for such period, and (iii) the Borrower shall immediately pay to the Administrative Agent, for the account of the Lenders, the accrued additional interest owing as a

  

 3 








 
result of such increased Applicable Percentage for such period. The provisions of this definition shall not limit the rights of the Administrative Agent and the Lenders with respect to
Section 2.13(c) or Article VIII. 
 “Approved Fund” shall mean 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 and that is administered or managed by (i) a Lender,
(ii) an Affiliate of a Lender or (iii) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Assignment and Acceptance” shall mean an assignment and acceptance entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 10.4(b)) and accepted by the
Administrative Agent, in the form of Exhibit C attached hereto or any other form approved by the Administrative Agent. 
 “Availability Period” shall mean the period from the Closing Date to but excluding the Revolving Commitment Termination Date. 
 “Base Rate” shall mean the higher of (i) the per annum rate which the Administrative Agent publicly announces from time to time to be its prime lending rate, as in effect from time
to time, and (ii) the Federal Funds Rate, as in effect from time to time, plus one-half of one percent (0.50%). The Administrative Agent’s prime lending rate is a reference rate and does not necessarily represent the lowest or best
rate charged to customers. The Administrative Agent may make commercial loans or other loans at rates of interest at, above or below the Administrative Agent’s prime lending rate. Each change in the Administrative Agent’s prime lending
rate shall be effective from and including the date such change is publicly announced as being effective. 
 “Blocked
Account” shall have meaning set forth in Section 5.11. 
 “Borrower” shall have the
meaning in the introductory paragraph hereof. 
 “Borrower Pledge Agreement” shall mean that certain Amended
and Restated Pledge Agreement, dated as of the date hereof, executed by the Borrower and each Subsidiary Loan Party that owns any Capital Stock of a Domestic Restricted Subsidiary or a first tier Foreign Subsidiary, in favor of the Administrative
Agent for the benefit of the Lenders, pursuant to which such Loan Parties shall pledge all of the Capital Stock of its Domestic Restricted Subsidiaries and 65% of the voting and 100% of the non-voting Capital Stock of its first tier Foreign
Subsidiaries. 
 “Borrowing” shall mean a borrowing consisting of (i) Loans of the same Class and Type,
made, converted or continued on the same date and in the case of Eurodollar Loans, as to which a single Interest Period is in effect, or (ii) a Swingline Loan. 
 “Business Day” shall mean (i) any day other than a Saturday, Sunday or other day on which commercial banks in Atlanta, Georgia and New York, New York are authorized or required by
law to close and (ii) if such day relates to a Borrowing of, a payment or prepayment of principal or interest on, a conversion of or into, or an Interest Period for, a Eurodollar Loan or

  

 4 








 
a notice with respect to any of the foregoing, any day on which banks are not open for dealings in dollar deposits are carried on in the London interbank market. 
 “Capital Expenditures” shall mean for any period, without duplication, (i) the additions to property, plant and
equipment and other capital expenditures of the Borrower and its Subsidiaries that are (or would be) set forth on a consolidated statement of cash flows of the Borrower for such period prepared in accordance with GAAP and (ii) Capital Lease
Obligations incurred by the Borrower and its Subsidiaries during such period. 
 “Capital Lease Obligations”
of any Person shall mean all obligations of such Person to pay rent or other amounts under any lease (or other arrangement conveying the right to use) of real or personal property, or a combination thereof, which obligations are required to be
classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 “Capital Stock” shall mean any non-redeemable capital stock (or in the case of a partnership or limited liability company,
the partners’ or members’ equivalent equity interest) of the Borrower or any of its Subsidiaries (to the extent issued to a Person other than the Borrower), whether common or preferred. 
 “Change in Control” shall mean any of the following: (i) any Person, other than Bruce C. Gottwald, Floyd D. Gottwald,
Jr. or members of their respective families, or investment entities owned entirely (directly or indirectly) by them, either individually or acting in concert with one or more other persons, shall have acquired beneficial ownership, directly or
indirectly, of securities of Borrower (or other securities convertible into such securities) representing 20% or more of the combined voting power of all securities of Borrower entitled to vote in the election of members of the governing body of
Borrower, other than securities having such power only by reason of the happening of a contingency; (ii) the occurrence of a change in the composition of the governing body of Borrower such that a majority of the members of any such governing
body are not Continuing Members; (iii) the occurrence of any “Change of Control” or similar event under the Borrower’s Senior Note Documents; and (iv) the failure at any time of Borrower to legally and beneficially own and
control 100% of the issued and outstanding shares of capital stock of Ethyl Corporation or Afton Chemical Corporation or the failure at any time of Borrower to have the ability to elect all of the governing body of Ethyl Corporation or Afton
Chemical Corporation. 
 “Change in Law” shall mean (i) the adoption of any applicable law, rule or
regulation after the date of this Agreement, (ii) any change in any applicable law, rule or regulation, or any change in the interpretation or application thereof, by any Governmental Authority after the date of this Agreement, or
(iii) compliance by any Lender (or its Applicable Lending Office) or the Issuing Bank (or for purposes of Section 2.18(b), by such Lender’s or the Issuing Bank’s parent corporation, if applicable) with any request,
guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement. 
  

 5 








 “Class”, when used in reference to any Loan or Borrowing, refers to
whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans and when used in reference to any Commitment, refers to whether such Commitment is a Revolving Commitment or a Swingline Commitment. 
 “Closing Date” shall mean the date on which the conditions precedent set forth in Section 3.1 and
Section 3.2 have been satisfied or waived in accordance with Section 10.2. 
 “Code”
shall mean the Internal Revenue Code of 1986, as amended and in effect from time to time. 
 “Collateral”
shall mean all tangible and intangible property, real and personal, of any Loan Party that is the subject of a Lien granted pursuant to a Loan Document to the Administrative Agent for the benefit of the Lenders to secure the whole or any part of the
Obligations or any Guarantee thereof, and shall include, without limitation, all casualty insurance proceeds and condemnation awards with respect to any of the foregoing. 
 “Commitment” shall mean a Revolving Commitment or a Swingline Commitment or any combination thereof (as the context shall
permit or require). 
 “Compliance Certificate” shall mean a certificate from the principal executive officer
and the principal financial officer of the Borrower in the form of, and containing the certifications set forth in, the certificate attached hereto as Exhibit 5.1(c). 
 “Consolidated EBITDA” shall mean, for the Borrower and its Restricted Subsidiaries for any period, an amount equal to the
sum of (i) Consolidated Net Income for such period plus (ii) to the extent deducted in determining Consolidated Net Income for such period, (A) Consolidated Interest Expense, (B) income tax expense determined on a
consolidated basis in accordance with GAAP, (C) depreciation and amortization determined on a consolidated basis in accordance with GAAP, and (D) other non-cash items (other than any such non-cash item to the extent it represents an
accrual of or reserve for cash expenditures in any future period), less (E) other non-cash items added in the calculation of Consolidated Net Income (other than any such non-cash item to the extent it will result in the receipt of cash payments
in any future period); provided Consolidated Interest Expense, income tax expense, deprecation and amortization and non-cash charges of any person in which Borrower or any of its Restricted Subsidiaries has a joint interest, may not be added back
except to the extent of the amount of such items which were included in Consolidated Net Income. 
 “Consolidated Fixed
Charges” shall mean, for the Borrower and its Restricted Subsidiaries for any period, the sum (without duplication) of (i) Consolidated Interest Expense for such period, (ii) scheduled principal payments made on Consolidated Total
Debt during such period, (iii) Restricted Payments paid during such period and the amount paid by the Borrower and its Restricted Subsidiaries in cash on account of Capital Expenditures for such period. 
 “Consolidated Interest Expense” shall mean, for the Borrower and its Restricted Subsidiaries for any period determined on
a consolidated basis in accordance with GAAP, the sum of (i) total interest expense, including without limitation the interest component of any payments in respect of Capital Lease Obligations capitalized or expensed during such period

  

 6 








 
(whether or not actually paid during such period) plus (ii) the net amount payable (or minus the net amount receivable) with respect to Hedging Transactions during such period
(whether or not actually paid or received during such period). 
 “Consolidated Net Income” shall mean, for
any period, the net income (or loss) of Borrower and its Restricted Subsidiaries on a consolidated basis for such period taken as a single accounting period determined in conformity with GAAP; provided that there shall be excluded
(i) the income (or loss) of any Person in which any other Person (other than Borrower or any of its wholly-owned Domestic Restricted Subsidiaries) has a joint interest, except to the extent of the amount of dividends or other distributions
actually paid to Borrower or any of its Restricted Subsidiaries by such Person during such period, (ii) the income (or loss) of any Person accrued prior to the date it becomes a Restricted Subsidiary of Borrower or is merged into or
consolidated with the Borrower or any Restricted Subsidiary on the date that such Person’s assets are acquired by the Borrower or any Restricted Subsidiary, (iii) the income of any Subsidiary of the Borrower to the extent that the
declaration or payment of dividends or similar distributions by that Subsidiary of that income is not at the time permitted by operation of the terms of its charter or any agreement (other than the Agreement), instrument, judgment, decree, order,
statute, rule or governmental regulation applicable to that Subsidiary, (iv) any after-tax gains or losses attributable to asset sales or returned surplus assets of any pension plan, and (v) (to the extent not included in clauses
(i) through (iv) above) any net extraordinary gains or net non-cash extraordinary losses. 
 “Consolidated
Net Worth” shall mean, as of any date, the sum of the Capital Stock and additional paid-in capital plus retained earnings (or minus accumulated deficits) of Borrower and its Restricted Subsidiaries on a consolidated basis determined in
conformity with GAAP. 
 “Consolidated Total Debt” shall mean, as of any date, all Indebtedness of the
Borrower and its Restricted Subsidiaries measured on a consolidated basis as of such date, but excluding Indebtedness of the type described in subsection (xi) of the definition thereto. 
 “Continuing Members” means, any member of the governing body of the Borrower who (i) was a member of such governing
body on the Closing Date or (ii) was nominated for election or elected to such governing body with the affirmative vote of a majority of the members who were either members of such governing body on the Closing Date or whose nomination or
election was previously so approved. 
 “Contractual Obligation” of any Person shall mean any provision of any
security issued by such Person or of any agreement, instrument or undertaking under which such Person is obligated or by which it or any of the property in which it has an interest is bound. 
 “Control Account Agreements” shall mean each tri-party agreement by and among a Loan Party, the Administrative Agent and a
depository bank or securities intermediary at which such Loan Party maintains a deposit account, Blocked Account or investment account, granting “control” over such deposit accounts and investment accounts to the Administrative Agent in a
manner that perfects the Lien of the Administrative Agent under the UCC. 
  

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 “Copyright” shall have the meaning assigned to such term in the Security
Agreement. 
 “Copyright Security Agreements” shall mean, collectively, the Copyright Security Agreements
executed from time to time by the Loan Parties owning Copyrights or licenses of Copyrights in favor of the Administrative Agent, on behalf of itself and Lenders. 
 “Default” shall mean any condition or event that, with the giving of notice or the lapse of time or both, would constitute an Event of Default. 
 “Default Interest” shall have the meaning set forth in Section 2.13(c). 
 “Dollar(s)” and the sign “$” shall mean lawful money of the United States of America. 
 “Domestic Subsidiary” shall mean any Subsidiary other than a Foreign Subsidiary. 
 “Domestic Restricted Subsidiary” shall mean any Domestic Subsidiary which is a Restricted Subsidiary. 
 “Environmental Indemnity” shall mean that certain Amended and Restated Environmental Indemnity Agreement, dated as of the
date hereof, executed by the Borrower and all Loan Parties with Real Estate required to be pledged to the Administrative Agent pursuant to Mortgages. 
 “Environmental Laws” shall mean all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into
by or with any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, Release or threatened Release of any Hazardous Material or to health and safety matters. 
 “Environmental Liability” shall mean any liability, contingent or otherwise (including any liability for damages, costs of
environmental investigation and remediation, costs of administrative oversight, fines, natural resource damages, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or based upon (i) any actual or
alleged violation of any Environmental Law, (ii) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (iii) any actual or alleged exposure to any Hazardous Materials, (iv) the
Release or threatened Release of any Hazardous Materials or (v) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time, and any successor
statute. 
 “ERISA Affiliate” shall mean any trade or business (whether or not incorporated), which, together
with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for the purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of
the Code. 
  

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 “ERISA Event” shall mean (i) any “reportable event”, as
defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (ii) the existence with respect to any Plan of an “accumulated funding
deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (iii) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a waiver of
the minimum funding standard with respect to any Plan; (iv) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (v) the receipt by the Borrower
or any ERISA Affiliate from the PBGC or a plan administrator appointed by the PBGC of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (vi) the incurrence by the Borrower or any
of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (vii) the receipt by the Borrower or any ERISA Affiliate of any notice from a plan sponsor of 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. 
 “Eurodollar” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, bears interest at a rate determined by reference to the Adjusted LIBO Rate. 
 “Eurodollar Reserve Percentage” shall mean the aggregate of the maximum reserve percentages (including, without limitation, any emergency, supplemental, special or other marginal reserves) expressed as a decimal (rounded
upwards to the next  1/100th of 1%) in effect on any day to which the Administrative Agent is
subject with respect to the Adjusted LIBO Rate pursuant to regulations issued by the Board of Governors of the Federal Reserve System (or any Governmental Authority succeeding to any of its principal functions) with respect to eurocurrency funding
(currently referred to as “eurocurrency liabilities” under Regulation D). Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration,
exemptions or offsets that may be available from time to time to any Lender under Regulation D. The Eurodollar Reserve Percentage shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

 “Event of Default” shall have the meaning provided in Article VIII. 
 “Excluded Taxes” shall mean with respect to the Administrative Agent, any Lender, the Issuing Bank or any other recipient
of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) taxes imposed on (or measured by) its net income or profits (including franchise taxes imposed in lieu thereof) by the United States of America, or by
the jurisdiction 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 of America or any similar tax imposed by any other jurisdiction in which any Lender is located, (c) any tax that is imposed on amounts payable to such recipient at the time such recipient becomes a party to this Agreement,
(d) any withholding tax imposed by the United States of America that (i) is imposed on amounts payable to such recipient at any time that such recipient designates a new lending office, other than taxes

  

 9 








 
that have accrued prior to the designation of such lending office that are otherwise not Excluded Taxes, or (ii) is attributable to such recipient’s failure to comply with
Section 2.20 (e) and (e) taxes imposed by any jurisdiction solely as a result of one or more present or former connections between such recipient and such jurisdiction (other than any such connection arising solely from such
recipient’s having executed, delivered, or performed its obligations or received a payment under or enforced, any of the Loan Documents). 
 “Existing Credit Agreement” shall have the meaning provided in the recitals. 
 “Existing Letters of Credit” means the letters of credit issued and outstanding under the Existing Credit Agreement as set forth on Schedule 2.22. 
 “Federal Funds Rate” shall mean, for any day, the rate per annum (rounded upwards, if necessary, to
the next  1/100th of 1%) equal to the weighted average of the rates on overnight
Federal funds transactions with member banks of the Federal Reserve System arranged by Federal funds brokers, as published by the Federal Reserve Bank of New York on the next succeeding Business Day or if such rate is not so published for any
Business Day, the Federal Funds Rate for such day shall be the average rounded upwards, if necessary, to the next  1/100th of 1% of the quotations for such day on such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by the Administrative Agent. 

 “Fee Letter” shall mean that certain fee letter, dated as of December 1, 2006, executed by SunTrust
Capital Markets, Inc. and SunTrust Bank and accepted by the Borrower. 
 “Fiscal Quarter” shall mean any
fiscal quarter of the Borrower. 
 “Fiscal Year” shall mean any fiscal year of the Borrower. 
 “Fixed Charge Coverage Ratio” shall mean, as of any date, the ratio of (a) Consolidated EBITDA to
(b) Consolidated Fixed Charges, in each case measured for the four consecutive Fiscal Quarters ending on or immediately prior to such date. 
 “Foreign Lender” shall mean any Lender that is not a United States person under Section 7701(a)(30) of the Code. 
 “Foreign Plan” shall mean any employee benefit plan maintained by the Borrower or any of its Subsidiaries that is mandated
or governed by any law, rule or regulation of any Government Authority other than the United States of America, any state thereof or any other political subdivision thereof. 
 “Foreign Pledge Agreement” means each pledge agreement or similar instrument governed by the laws of a country other than
the United States, executed from time to time by Borrower or any of its Domestic Subsidiaries that owns Capital Stock of one or more Foreign Subsidiaries organized in such country, in form and substance satisfactory to Administrative Agent, as such
Foreign Pledge Agreement may be amended, restated, supplemented or otherwise modified in connection with this Agreement or from time to time thereafter. 
  

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 “Foreign Subsidiary” shall mean any Subsidiary that is organized under the
laws of a jurisdiction other than one of the fifty states of the United States or the District of Columbia. 
 “GAAP” shall mean generally accepted accounting principles in the United States applied on a consistent basis and subject to the terms of Section 1.3. 
 “Governmental Authority” shall mean 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. 
 “Guarantee” of or by any Person (the “guarantor”) shall mean any
obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or
indirectly and including any obligation, direct or indirect, of the guarantor (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds
for the purchase of) any security for the payment thereof, (ii) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (iii) to maintain
working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (iv) as an account party in respect of any letter
of credit or letter of guaranty issued in support of such Indebtedness or obligation; provided, that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any
Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which Guarantee is made or, if not so stated or determinable, the maximum reasonably anticipated liability in respect
thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith. The term “Guarantee” used as a verb has a corresponding meaning. 
 “Hazardous Materials” shall mean all explosive or radioactive substances or wastes and all hazardous or toxic substances,
wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated
pursuant to any Environmental Law. 
 “Hedging Obligations” of any Person shall mean any and all obligations
of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired under (i) any and all Hedging Transactions, (ii) any and all cancellations, buy backs, reversals, terminations or
assignments of any Hedging Transactions and (iii) any and all renewals, extensions and modifications of any Hedging Transactions and any and all substitutions for any Hedging Transactions. 
 “Hedging Transaction” of any Person shall mean any transaction (including an agreement with respect thereto) now existing
or hereafter entered into by such Person that is a rate swap, basis swap, forward rate transaction, commodity swap, interest rate option, foreign

  

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exchange transaction, cap transaction, floor transaction, collateral transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any
other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures.

 “Indebtedness” of any Person shall mean, without duplication (i) all obligations of such Person for
borrowed money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all obligations of such Person in respect of the deferred purchase price of property or services (other than
trade payables incurred in the ordinary course of business; provided, that for purposes of Section 8.1(g), trade payables overdue by more than 120 days shall be included in this definition except to the extent that any of such
trade payables are being disputed in good faith and by appropriate measures), (iv) all obligations of such Person under any conditional sale or other title retention agreement(s) relating to property acquired by such Person, (v) all
Capital Lease Obligations of such Person, (vi) all obligations, contingent or otherwise, of such Person in respect of letters of credit, acceptances or similar extensions of credit, (vii) all Guarantees of such Person of the type of
Indebtedness described in clauses (i) through (vi) above, (viii) all Indebtedness of a third party secured by any Lien on property owned by such Person, whether or not such Indebtedness has been assumed by such Person, (ix) all
obligations of such Person, contingent or otherwise, to purchase, redeem, retire or otherwise acquire for value any common stock of such Person, (x) Off-Balance Sheet Liabilities and (xi) all Hedging Obligations. The Indebtedness of
any Person shall include the Indebtedness of any partnership or joint venture in which such Person is a general partner or a joint venturer, except to the extent that the terms of such Indebtedness provide that such Person is not liable therefor.

 “Indemnified Taxes” shall mean Taxes other than Excluded Taxes. 
 “Information Memorandum” shall mean the Confidential Information Memorandum dated December, 2006 relating to the Borrower
and the transactions contemplated by this Agreement and the other Loan Documents. 
 “Interest Period” shall
mean with respect to (i) any Swingline Borrowing, such period as the Swingline Lender and the Borrower shall mutually agree and (ii) any Eurodollar Borrowing, a period of one, two, three or six months; provided, that: 
 (i) the initial Interest Period for such Borrowing shall commence on the date of such Borrowing (including the date of any
conversion from a Borrowing of another Type), and each Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on which the next preceding Interest Period expires; 
 (ii) if any Interest Period would otherwise end on a day other than a Business Day, such Interest Period shall be extended to
the next succeeding Business Day, unless such Business Day falls in another calendar month, in which case such Interest Period would end on the next preceding Business Day; 
  

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 (iii) any Interest Period which 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 such calendar month; and 
 (iv) no Interest Period may extend beyond the Revolving Commitment Termination Date. 
 “Investco” means NewMarket Investment Co., a Virginia corporation. 
 “Issuing Bank” shall mean SunTrust Bank or any other Lender, each in its capacity as an issuer of Letters of Credit
pursuant to Section 2.22. 
 “LC Commitment” shall mean that portion of the Aggregate Revolving
Commitment Amount that may be used by the Borrower for the issuance of Letters of Credit in an aggregate face amount not to exceed $50,000,000. 
 “LC Disbursement” shall mean a payment made by the Issuing Bank pursuant to a Letter of Credit. 
 “LC Documents” shall mean the Letters of Credit and all applications, agreements and instruments relating to the Letters of Credit. 
 “LC Exposure” shall mean, at any time, the sum of (i) the aggregate undrawn amount of all outstanding Letters of
Credit at such time, plus (ii) the aggregate amount of all LC Disbursements that have not been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Lender shall be its Pro Rata Share of the total LC Exposure at
such time. 
 “Lenders” shall have the meaning assigned to such term in the opening paragraph of this
Agreement and shall include, where appropriate, the Swingline Lender and each Additional Lender that joins this Agreement pursuant to Section 2.23. 
 “Letter of Credit” shall mean any stand-by letter of credit issued pursuant to Section 2.22 by the Issuing Bank for the account of the Borrower pursuant to the LC Commitment
and the Existing Letters of Credit. 
 “Leverage Ratio” shall mean, as of any date, the ratio of (i) the
sum of (A) Consolidated Total Debt as of such date minus (B) all Real Estate Escrow Amounts as of such date to (ii) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on or immediately prior to such date.

 “LIBOR” shall mean, for any applicable Interest Period with respect to any Eurodollar Loan, the British
Bankers’ Association Interest Settlement Rate per annum for deposits in Dollars for a period equal to such Interest Period appearing on the display designated as Page 3750 on the Dow Jones Markets Service (or such other page on that service or
such other service designated by the British Bankers’ Association for the display of such Association’s Interest Settlement Rates for Dollar deposits) as of 11:00 a.m. (London, England time) on the day that is two Business Days prior to
the first day of the Interest Period or if such Page 3750 is

  

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unavailable for any reason at such time, the rate which appears on the Reuters Screen ISDA Page as of such date and such time; provided, that if the Administrative Agent determines that
the relevant foregoing sources are unavailable for the relevant Interest Period, LIBOR shall mean the rate of interest determined by the Administrative Agent to be the average (rounded upward, if necessary, to the nearest  1/100th of 1%) of the rates per annum at which deposits in Dollars are offered to the Administrative Agent two
(2) Business Days preceding the first day of such Interest Period by leading banks in the London interbank market as of 10:00 a.m. (New York time) for delivery on the first day of such Interest Period, for the number of days comprised therein
and in an amount comparable to the amount of the Eurodollar Loan of the Administrative Agent. 
 “Lien”
shall mean any mortgage, pledge, security interest, lien (statutory or otherwise), charge, encumbrance, hypothecation, assignment, deposit arrangement, or other arrangement having the practical effect of the foregoing or any preference, priority or
other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any capital lease having the same economic effect as any of the foregoing). 
 “Loan Documents” shall mean, collectively, this Agreement, the Notes (if any), the LC Documents, the Fee Letter, the
Subsidiary Guaranty Agreement, the Security Documents, all Notices of Borrowing, all Notices of Conversion/Continuation, all Compliance Certificates, all landlord waivers and consents, bailee agreements and any and all other instruments, agreements,
documents and writings executed in connection with any of the foregoing. 
 “Loan Parties” shall mean the
Borrower and the Subsidiary Loan Parties. 
 “Loans” shall mean all Revolving Loans and Swingline Loans in the
aggregate or any of them, as the context shall require. 
 “Material Adverse Effect” shall mean, with respect
to any event, act, condition or occurrence of whatever nature (including any adverse determination in any litigation, arbitration, or governmental investigation or proceeding), whether singularly or in conjunction with any other event or events, act
or acts, condition or conditions, occurrence or occurrences whether or not related (i) a material adverse effect upon the business, operations, properties, assets or condition (financial or otherwise) of Borrower and its Restricted Subsidiaries
taken as a whole or (ii) the material impairment of the ability of Borrower and any of its Restricted Subsidiaries taken as a whole to perform, or of Administrative Agent or Lenders to enforce, the Obligations. 
 “Material Indebtedness” shall mean Indebtedness (other than the Loans and Letters of Credit) and Hedging Obligations of
the Borrower or any of its Restricted Subsidiaries, individually or in an aggregate principal amount exceeding $5,000,000 individually or $10,000,000 in the aggregate. For purposes of determining the amount of attributed Indebtedness from Hedging
Obligations, the “principal amount” of any Hedging Obligations at any time shall be the Net Mark-to-Market Exposure of such Hedging Obligations. 
  

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 “Material Restricted Subsidiary” shall mean any Restricted Subsidiary
having: (a) assets in an amount greater than $25,000; or (b) revenues or net income in an amount greater than $25,000. 
 “Mortgaged Properties” shall mean, collectively, the Real Estate subject to the Mortgages. 
 “Mortgages” shall mean each of the mortgages, leasehold mortgages, deeds of trust, leasehold deeds of trust, deeds to secure debt, leasehold deeds to secure debt or other real estate security documents delivered by any Loan
Party to Administrative Agent, all in form and substance satisfactory to Administrative Agent. 
 “Multiemployer
Plan” shall have the meaning set forth in Section 4001(a)(3) of ERISA. 
 “Net Mark-to-Market
Exposure” of any Person shall mean, as of any date of determination with respect to any Hedging Obligation, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from such Hedging Obligation.
“Unrealized losses” shall mean the fair market value of the cost to such Person of replacing the Hedging Transaction giving rise to such Hedging Obligation as of the date of determination (assuming the Hedging Transaction were to be
terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Hedging Transaction as of the date of determination (assuming such Hedging Transaction were to be terminated as
of that date). 
 “Non-Recourse Debt” means Indebtedness: 
 (1) as to which neither the Borrower nor any of its Restricted Subsidiaries (a) provides credit support of any kind
(including any undertaking, agreement or instrument that would constitute Indebtedness), (b) is directly or indirectly liable as a guarantor or otherwise (except as an obligor under customary indemnification obligations (including those arising
under contractual arrangements) and other similar arrangements), or (c) constitutes the lender; 
 (2) no
default with respect to which (including any rights that the holders of the Indebtedness may have to take enforcement action against an Unrestricted Subsidiary) would permit upon notice, lapse of time or both any holder of any other Indebtedness of
the Borrower or any of its Restricted Subsidiaries to declare a default on such other Indebtedness or cause the payment of the Indebtedness to be accelerated or payable prior to its stated maturity; and 
 (3) as to which the lenders have been notified in writing that they will not have any recourse to the stock or assets of the
Borrower or any of its Restricted Subsidiaries (other than equity interests of an Unrestricted Subsidiary). 
 “Notes” shall mean, collectively, the Revolving Notes and the Swingline Note. 
 “Notices of
Borrowing” shall mean, collectively, the Notices of Revolving Borrowing and the Notices of Swingline Borrowing. 
  

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 “Notice of Conversion/Continuation” shall mean the notice given by the
Borrower to the Administrative Agent in respect of the conversion or continuation of an outstanding Borrowing as provided in Section 2.6(b). 
 “Notice of Revolving Borrowing” shall have the meaning as set forth in Section 2.3. 
 “Notice of Swingline Borrowing” shall have the meaning as set forth in Section 2.4. 
 “Obligations” shall mean all amounts owing by the Borrower to the Administrative Agent, the Issuing Bank or any Lender (including the Swingline Lender) pursuant to or in connection with
this Agreement or any other Loan Document, including without limitation, all principal, interest (including any interest accruing after the filing of any petition in bankruptcy or the commencement of any insolvency, reorganization or like proceeding
relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), all reimbursement obligations, fees, expenses, indemnification and reimbursement payments, costs and expenses (including all
fees and expenses of counsel to the Administrative Agent, the Issuing Bank and any Lender (including the Swingline Lender) incurred pursuant to this Agreement or any other Loan Document), whether direct or indirect, absolute or contingent,
liquidated or unliquidated, now existing or hereafter arising hereunder or thereunder, and all Hedging Obligations owed to the Administrative Agent, any Lender or any of their Affiliates incurred in order to limit interest rate or fee fluctuation
with respect to the Loans and Letters of Credit, and all obligations and liabilities incurred in connection with collecting and enforcing the foregoing, together with all renewals, extensions, modifications or refinancings thereof. 
 “Off-Balance Sheet Liabilities” of any Person shall mean (i) any repurchase obligation or liability of such Person
with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any sale and leaseback transactions that do not create a liability on the balance sheet of such Person, (iii) any Synthetic Lease
Obligation or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person. 
 “Original Closing Date” shall mean April 30, 2003. 
 “OSHA” shall mean the Occupational Safety and Health Act of 1970, as amended from time to time, and any successor statute.

 “Other Taxes” shall mean any and all present or future stamp or documentary taxes or any other excise or
property taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise similarly with respect to, this Agreement or any other Loan Document in each case that becomes
effective after the date hereof. 
 “Participant” shall have the meaning set forth in
Section 10.4(d). 
  

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 “Patent” shall have the meaning assigned to such term in the Security
Agreement. 
 “Patent Security Agreements” shall mean, collectively, the Patent Security Agreements executed
from time to time by the Loan Parties owning Patents or licenses of Patents in favor of the Administrative Agent, on behalf of itself and Lenders. 
 “Payment Office” shall mean the office of the Administrative Agent located at 303 Peachtree Street, N.E., Atlanta, Georgia 30308, or such other location as to which the Administrative
Agent shall have given written notice to the Borrower and the other Lenders. 
 “PBGC” shall mean the Pension
Benefit Guaranty Corporation referred to and defined in ERISA, and any successor entity performing similar functions. 
 “Perfection Certificate” shall have the meaning assigned to such term in the Security Agreement. 
 “Permitted Encumbrances” shall mean: 
 (i) Liens imposed by law for taxes not yet due
or which are being contested in good faith by appropriate proceedings diligently conducted and with respect to which adequate reserves are being maintained in accordance with GAAP; 
 (ii) statutory Liens of landlords, carriers, warehousemen, mechanics, materialmen and similar Liens arising by operation of
law in the ordinary course of business for amounts not yet due or which are being contested in good faith by appropriate proceedings and with respect to which adequate reserves are being maintained in accordance with GAAP; 
 (iii) pledges and deposits made in the ordinary course of business securing statutory obligations under workers’
compensation, unemployment insurance and other social security laws or regulations (excluding Liens under ERISA); 
 (iv) any (a) interest or title of a lessor or sublessor under any lease not prohibited by this Agreement, (b) Lien or restriction that the interest or title of such lessor or sublessor may be subject to, or (c) subordination
of the interest of the lessee or sublessee under such lease to any Lien or restriction referred to in the preceding clause (b), so long as the holder of such Lien or restriction agrees to recognize the rights of such lessee or sublessee under such
lease; 
 (v) Liens arising from filing UCC financing statements relating solely to (a) leases not
prohibited by this Agreement and (b) consignments and/or bailments; 
 (vi) Liens and deposits in favor of
customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods; 
  

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 (vii) deposits to secure the performance of bids, trade contracts, leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 
 (viii) judgment and attachment liens not giving rise to an Event of Default or Liens created by or existing from any litigation or legal proceeding that are currently being contested in good faith by
appropriate proceedings and with respect to which adequate reserves are being maintained in accordance with GAAP; 
 (ix) customary rights of set-off, revocation, refund or chargeback under deposit agreements or under the Uniform Commercial Code or common law of banks or other financial institutions where Borrower or any of its Subsidiaries maintains
deposits (other than deposits intended as cash collateral) in the ordinary course of business; 
 (x) easements,
reciprocal easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value
of the affected property or materially interfere with the ordinary conduct of business of the Borrower and its Subsidiaries taken as a whole; and 
 (xi) licenses (with respect to Intellectual Property and other property), leases or subleases granted to third parties and not interfering in any material respect with the ordinary conduct of the business
of Borrower or its Restricted Subsidiaries or resulting in a material diminution in the value of any Collateral; 
 provided, that the
term “Permitted Encumbrances” shall not include any Lien securing Indebtedness. 
 “Permitted
Investments” shall mean: 
 (i) direct obligations of, or obligations the principal of and interest on
which are unconditionally guaranteed by, the United States (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States), in each case maturing within one year from the date of acquisition
thereof; 
 (ii) commercial paper having the highest rating, at the time of acquisition thereof, of S&P or
Moody’s and in either case maturing within six months from the date of acquisition thereof; 
 (iii)
certificates of deposit, bankers’ acceptances, overnight bank deposits and eurodollar time deposits maturing within 180 days of the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or
offered by, any domestic office of any commercial bank organized under the laws of the United States or any state thereof which has a combined capital and surplus of not less than $500,000,000; 
  

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 (iv) fully collateralized repurchase obligations with a term of not more
than 30 days for securities described in clause (i) above and entered into with a financial institution satisfying the criteria described in clause (iii) above; and 
 (v) mutual funds investing solely in any one or more of the Permitted Investments described in clauses (i) through
(iv) above. 
 “Person” shall mean any individual, partnership, firm, corporation, association, joint
venture, limited liability company, trust or other entity, or any Governmental Authority. 
 “Plan” shall mean
any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if
such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA and any Foreign Plan. 
 “Pledge Agreements” shall mean the Borrower Pledge Agreement and the Foreign Pledge Agreements and all other pledge agreements, share charges and similar instruments executed by a Loan
Party in connection herewith prior to, on or after the Closing Date. 
 “Pro Rata Share” shall mean
(i) with respect to any Commitment of any Lender at any time, a percentage, the numerator of which shall be such Lender’s Commitment (or if such Commitments have been terminated or expired or the Loans have been declared to be due and
payable, such Lender’s Revolving Credit Exposure), and the denominator of which shall be the sum of such Commitments of all Lenders (or if such Commitments have been terminated or expired or the Loans have been declared to be due and payable,
all Revolving Credit Exposure of all Lenders) and (ii) with respect to all Commitments of any Lender at any time, the numerator of which shall be the sum of such Lender’s Revolving Commitment (or if such Revolving Commitments have been
terminated or expired or the Loans have been declared to be due and payable, such Lender’s Revolving Credit Exposure) and the denominator of which shall be the sum of all Lenders’ Revolving Commitments (or if such Revolving Commitments
have been terminated or expired or the Loans have been declared to be due and payable, all Revolving Credit Exposure of all Lenders funded under such Commitments). 
 “Real Estate” shall mean all real property owned or leased by the Borrower and its Subsidiaries. 
 “Real Estate Documents” shall mean collectively, the Mortgages, the Environmental Indemnity, and all other documents, instruments, agreements and certificates executed and delivered by
any Loan Party to the Administrative Agent and the Lenders in connection with the foregoing. 
 “Real Estate Escrow
Amounts” shall mean any cash deposited in an escrow account in connection with Indebtedness incurred pursuant to Section 7.1(l). 
 “Real Estate Subsidiaries” shall mean all special-purpose real estate holding and/or development entities which are Subsidiaries of the Borrower (other than those formed to

  

 19 








 
hold the Borrower’s and its Domestic Restricted Subsidiaries’ headquarters and research and development facilities) with respect to real estate holding and/or development activities
located in the City of Richmond, Virginia. 
 “Regulation D” shall mean Regulation D of the Board of Governors
of the Federal Reserve System, as the same may be in effect from time to time, and any successor regulations. 
 “Related Parties” shall mean, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates.

 “Release” shall mean any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal,
discharge, dispersal, leaching or migration into the environment (including ambient air, surface water, groundwater, land surface or subsurface strata) or within any building, structure, facility or fixture. 
 “Required Lenders” shall mean, at any time, Lenders holding more than 50% of the aggregate outstanding Revolving
Commitments at such time or if the Lenders have no Commitments outstanding, then Lenders holding more than 50% of the Revolving Credit Exposure. 
 “Requirement of Law” for any Person shall mean the articles or certificate of incorporation, bylaws, partnership certificate and agreement, or limited liability company certificate of
organization and agreement, as the case may be, and other organizational and governing documents of such Person, and any law, treaty, rule or regulation, or determination of a Governmental Authority, in each case applicable to or binding upon such
Person or any of its property or to which such Person or any of its property is subject. 
 “Responsible
Officer” shall mean any of the president, the chief executive officer, the chief operating officer, the principal financial officer, the treasurer or a vice president of the Borrower or such other representative of the Borrower as may be
designated in writing by any one of the foregoing with the consent of the Administrative Agent; and, with respect to the financial covenants only, the principal financial officer or the treasurer of the Borrower. 
 “Restricted Payment” shall have the meaning set forth in Section 7.5. 
 “Restricted Subsidiary” shall mean any Subsidiary of the Borrower or of any Restricted Subsidiary that is not an
Unrestricted Subsidiary. 
 “Revolving Commitment” shall mean, with respect to each Lender, the commitment of
such Lender to make Revolving Loans to the Borrower and to acquire participations in Letters of Credit and Swingline Loans in an aggregate principal amount not exceeding the amount set forth with respect to such Lender on Schedule II, as such
schedule may be amended pursuant to Section 2.23, or in the case of a Person becoming a Lender after the Closing Date, the amount of the assigned “Revolving Commitment” as provided in the Assignment and Acceptance executed by
such Person as an assignee, or the joinder executed by

  

 20 








 
such Person, in each case as such commitment may subsequently be increased or deceased pursuant to terms hereof. 
 “Revolving Commitment Termination Date” shall mean the earliest of (i) December 21, 2011, (ii) the date on which the Revolving Commitments are terminated pursuant to
Section 2.7 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise). 
 “Revolving Credit Exposure” shall mean, with respect to any Lender at any time, the sum of the outstanding principal
amount of such Lender’s Revolving Loans, LC Exposure and Swingline Exposure. 
 “Revolving Note” shall
mean a promissory note of the Borrower payable to the order of a requesting Lender in the principal amount of such Lender’s Revolving Commitment, in substantially the form of Exhibit A. 
 “Revolving Loan” shall mean a loan made by a Lender (other than the Swingline Lender) to the Borrower under its Revolving
Commitment, which may either be a Base Rate Loan or a Eurodollar Loan. 
 “Security Agreement” shall mean that
certain Amended and Restated Security Agreement, dated as of the date hereof, executed by the Borrower and the Subsidiary Loan Parties in favor of the Administrative Agent for the benefit of the Lenders. 
 “Security Documents” shall mean, collectively, the Security Agreement, the Pledge Agreements, any Copyright Security
Agreement, any Trademark Security Agreement, any Patent Security Agreement, the Mortgages, the other Real Estate Documents, the Control Account Agreements, the Perfection Certificate, and all other instruments and agreements now or hereafter
securing the whole or any part of the Obligations or any Guarantee thereof, all UCC financing statements, fixture filings, stock powers, and all other documents, instruments, agreements and certificates executed and delivered by any Loan Party to
the Administrative Agent and the Lenders in connection with the foregoing. 
 “Senior Note Documents” means
the Senior Notes, the Senior Note Indenture, the Senior Note Guaranty and each other document executed in connection with the Senior Notes, as each such document may be amended, restated, supplemented or otherwise modified from time to time
thereafter. 
 “Senior Note Guaranty” means any guaranty executed and delivered pursuant to the Senior Note
Indenture. 
 “Senior Note Indenture” means the Indenture entered into by Borrower and the trustee named
therein pursuant to which the Senior Notes are issued, as such Indenture may be amended, restated, supplemented, extended, renewed, replaced or otherwise modified from time to time thereafter as permitted under Section 7.1 and
Section 7.5. 
  

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 “Senior Notes” means Borrower’s $150,000,000 in
aggregate principal amount of 7 1/8% Senior Notes
due December 15, 2016, issued pursuant to the Senior Note Indenture, as such Notes may be amended, restated, supplemented, extended, renewed, replaced or otherwise modified from time to time thereafter as permitted under Section 7.1
and Section 7.5. 
 “Solvent” means with respect to any Person as of any date of
determination, that, as of such date, (a) the value of the assets of such Person (both at fair value and present fair saleable value) is greater than the total amount of liabilities (including contingent and unliquidated liabilities) of such
Person, (b) such Person is able to pay all liabilities of such Person as such liabilities mature and (c) such Person does not have unreasonably small capital. In computing the amount of contingent or unliquidated liabilities at any time,
such liabilities shall be computed at the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 
 “Specified Hedge Provider” shall mean each party to a Hedging Transaction incurred to limit interest rate or fee
fluctuation with respect to the Loans and Letters of Credit if at the date of entering into such Hedging Transaction such person was a Lender or an Affiliate of a Lender and such person executes and delivers to the Administrative Agent a letter
agreement in the form of Exhibit 8.2 pursuant to which such person (i) appoints the Administrative Agent as its agent under the applicable Loan Documents and (ii) agrees to be bound by the provisions of Article IX and X of the
Credit Agreement. 
 “Subsidiary” shall mean, with respect to any Person (the “parent”), any
corporation, partnership, joint venture, limited liability company, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements
were prepared in accordance with GAAP as of such date, as well as any other corporation, partnership, joint venture, limited liability company, association or other entity (i) of which securities or other ownership interests representing more
than 50% of the equity or more than 50% of the ordinary voting power, or in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (ii) that is, as of such date,
otherwise controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. Unless otherwise indicated, all references to “Subsidiary” hereunder shall mean a Subsidiary of the
Borrower. 
 “Subsidiary Guaranty Agreement” shall mean the Subsidiary Guaranty Agreement, dated as of the
date hereof and substantially in the form of Exhibit D, made by certain Subsidiaries of the Borrower in favor of the Administrative Agent for the benefit of the Lenders. 
 “Subsidiary Loan Party” shall mean any Subsidiary that executes or becomes a party to the Subsidiary Guaranty Agreement.

 “Swingline Commitment” shall mean the commitment of the Swingline Lender to make Swingline Loans in an
aggregate principal amount at any time outstanding not to exceed $5,000,000. 
  

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 “Swingline Exposure” shall mean, with respect to each Lender, the
principal amount of the Swingline Loans in which such Lender is legally obligated either to make a Base Rate Loan or to purchase a participation in accordance with Section 2.4, which shall equal such Lender’s Pro Rata Share of all
outstanding Swingline Loans. 
 “Swingline Lender” shall mean SunTrust Bank, or any other Lender that may
agree to make Swingline Loans hereunder. 
 “Swingline Loan” shall mean a loan made to the Borrower by the
Swingline Lender under the Swingline Commitment. 
 “Swingline Note” shall mean the promissory note of the
Borrower payable to the order of the Swingline Lender in the principal amount of the Swingline Commitment, substantially the form of Exhibit B. 
 “Swingline Rate” shall mean the Base Rate, or such other interest rate (and with respect to a Swingline Loan that is a Eurodollar Loan, for any Interest Period) as may be mutually agreed
between the Swingline Lender and the Borrower. 
 “Synthetic Lease” shall mean a lease transaction under which
the parties intend that (i) the lease will be treated as an “operating lease” by the lessee pursuant to Statement of Financial Accounting Standards No. 13, as amended and (ii) the lessee will be entitled to various tax and
other benefits ordinarily available to owners (as opposed to lessees) of like property. 
 “Synthetic Lease
Obligations” shall mean, with respect to any Person, the sum of (i) all remaining rental obligations of such Person as lessee under Synthetic Leases which are attributable to principal and, without duplication, (ii) all rental and
purchase price payment obligations of such Person under such Synthetic Leases assuming such Person exercises the option to purchase the lease property at the end of the lease term. 
 “Taxes” shall mean any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings
imposed by any Governmental Authority. 
 “Trademark” shall have the meaning assigned to such term in the
Security Agreement. 
 “Trademark Security Agreements” shall mean, collectively, the Trademark Security
Agreements executed from time to time by the Loan Parties owning Trademarks or licenses of Trademarks in favor of the Administrative Agent, on behalf of itself and Lenders. 
 “Type”, when used in reference to a Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the
Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Base Rate. 
 “Unasserted
Obligations” means, at any time, Obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities (except for (i) the principal of and interest on, and fees relating to, any Indebtedness and
(ii) contingent reimbursement obligations in respect of amounts that may be drawn under Letters of Credit) in respect of which

  

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no claim or demand for payment has been made (or, in the case ob Obligations for indemnification, no notice for indemnification has been issue by the Indemnitee) at such time. 
 “Uniform Commercial Code” or “UCC” shall mean the Uniform Commercial Code as the same may, from time to
time, be enacted and in effect in the State of New York; provided, that to the extent that the UCC is used to define any term herein or in any Loan Document and such term is defined differently in different Articles or Divisions of the Code,
the definition of such term contained in Article or Division 9 shall govern; provided further, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of, or remedies with respect
to Lender’s Lien on any Collateral is governed by the Uniform Commercial Code as enacted and in effect in a jurisdiction other than the State of New York, the term “Uniform Commercial Code” or “UCC” shall mean
the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority or remedies and for purposes of definitions related to such provisions.

 “Unrestricted Subsidiary” means any Real Estate Subsidiary of the Borrower or Investco, in each case that
is designated by the Board of Directors of the Borrower as an Unrestricted Subsidiary pursuant to a Board Resolution, but only to the extent that such Subsidiary: 
 (1) has no Indebtedness other than Non-Recourse Debt; 
 (2) except as permitted by Section 7.7, is not party to any agreement, contract, arrangement or understanding
with the Borrower or any Restricted Subsidiary of the Borrower unless the terms of any such agreement, contract, arrangement or understanding are no less favorable to the Borrower or such Restricted Subsidiary than those that might be obtained at
the time from Persons who are not affiliates of the Borrower. 
 (3) is a Person with respect to which neither
the Borrower nor any of its Restricted Subsidiaries has any direct or indirect obligation (a) to subscribe for additional equity interests or (b) to maintain or preserve such Person’s financial condition or to cause such Person to
achieve any specified levels of operating results; and 
 (4) it is not guaranteeing or otherwise providing
credit support for any Indebtedness of the Borrower or any of its Restricted Subsidiaries. 
 Any designation of any Real
Estate Subsidiary of the Borrower or Investco as an Unrestricted Subsidiary will be evidenced to the Lenders by filing with Administrative Agent a certified copy of the Board Resolution giving effect to such designation and an officers’
certificate certifying that such designation complied with the preceding conditions and was permitted by Section 7.5. If at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted
Subsidiary, it will thereafter cease to be an Unrestricted Subsidiary for all purposes hereunder and any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Borrower as of such date and, if such
Indebtedness is not permitted to be incurred as of such date hereunder, the Borrower will be in

  

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Default. The Board of Directors of the Borrower may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that such designation will be deemed to be an
incurrence of Indebtedness by a Restricted Subsidiary of the Borrower of any outstanding Indebtedness of such Unrestricted Subsidiary and such designation will only be permitted if (i) such Indebtedness is permitted hereunder and calculated on
a pro forma basis as if such designation had occurred at the beginning of the four (4) Fiscal Quarter period then ending and (ii) no Default or Event of Default would be in existence following such designation. 
 “Withdrawal Liability” shall mean 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. 
 Section 1.2.
Classifications of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g. a “Revolving Loan” or “Swingline Loan”) or by Type (e.g. a “Eurodollar Loan” or
“Base Rate Loan”) or by Class and Type (e.g. “Revolving Eurodollar Loan”). Borrowings also may be classified and referred to by Class (e.g. “Revolving Borrowing”) or by Type (e.g. “Eurodollar Borrowing”) or by
Class and Type (e.g. “Revolving Eurodollar Borrowing”). 
 Section 1.3. Accounting Terms and
Determination. Unless otherwise defined or specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall
be prepared, in accordance with GAAP as in effect from time to time, applied on a basis consistent with the most recent audited consolidated financial statement of the Borrower delivered pursuant to Section 5.1(a); provided, that
if the Borrower notifies the Administrative Agent that the Borrower wishes to amend any covenant in Article VI to eliminate the effect of any change in GAAP on the operation of such covenant (or if the Administrative Agent notifies the
Borrower that the Required Lenders wish to amend Article VI for such purpose), then the Borrower’s compliance with such covenant shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became
effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrower and the Required Lenders. 
 Section 1.4. Terms Generally. 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”. In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and
including” and the word “to” means “to but excluding”. Unless the context requires otherwise (i) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to
such agreement, instrument or other document as it was originally executed or as it may from time to time be amended, restated, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set
forth herein), (ii) any reference herein to any Person shall be construed to include such Person’s successors and permitted assigns, (iii) the words “hereof”, “herein” and “hereunder” and words of similar
import shall be construed to refer to this Agreement as a whole and not to any particular

  

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provision hereof, (iv) all references to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles, Sections, Exhibits and Schedules to this Agreement and
(v) all references to a specific time shall be construed to refer to the time in the city and state of the Administrative Agent’s principal office, unless otherwise indicated. 
 ARTICLE II 
 AMOUNT AND TERMS OF THE COMMITMENTS

 Section 2.1. General Description of Facilities. Subject to and upon the terms and conditions
herein set forth, (i) the Lenders hereby establish in favor of the Borrower a revolving credit facility pursuant to which each Lender severally agrees (to the extent of such Lender’s Revolving Commitment) to make Revolving Loans to the
Borrower in accordance with Section 2.2, (ii) the Issuing Bank agrees to issue Letters of Credit in accordance with Section 2.22, (iii) the Swingline Lender agrees to make Swingline Loans in accordance with
Section 2.4, and (iv) each Lender agrees to purchase a participation interest in the Letters of Credit and the Swingline Loans pursuant to the terms and conditions hereof; provided, that in no event shall the aggregate
principal amount of all outstanding Revolving Loans, Swingline Loans and outstanding LC Exposure exceed at any time the Aggregate Revolving Commitment Amount from time to time in effect. 
 Section 2.2. Revolving Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make
Revolving Loans, ratably in proportion to its Pro Rata Share, to the Borrower, from time to time during the Availability Period, in an aggregate principal amount outstanding at any time that will not result in (a) such Lender’s Revolving
Credit Exposure exceeding such Lender’s Revolving Commitment or (b) the aggregate Revolving Credit Exposures of all Lenders exceeding the Aggregate Revolving Commitment Amount. During the Availability Period, the Borrower shall be entitled
to borrow, prepay and reborrow Revolving Loans in accordance with the terms and conditions of this Agreement; provided, that the Borrower may not borrow or reborrow should there exist a Default or Event of Default. 
 Section 2.3. Procedure for Revolving Borrowings. 
 The Borrower shall give the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of each Revolving
Borrowing substantially in the form of Exhibit 2.3 (a “Notice of Revolving Borrowing”) (x) prior to 11:00 a.m. (New York time) on the requested date of each Base Rate Borrowing and (y) prior to 11:00 a.m. (New York
time) three (3) Business Days prior to the requested date of each Eurodollar Borrowing. Each Notice of Revolving Borrowing shall be irrevocable and shall specify: (i) the aggregate principal amount of such Borrowing, (ii) the date of
such Borrowing (which shall be a Business Day), (iii) the Type of such Revolving Loan comprising such Borrowing and (iv) in the case of a Eurodollar Borrowing, the duration of the initial Interest Period applicable thereto (subject to the
provisions of the definition of Interest Period). Each Revolving Borrowing shall consist entirely of Base Rate Loans or Eurodollar Loans, as the Borrower may request. The aggregate principal amount of each Eurodollar Borrowing shall be not less than
$5,000,000 or a larger multiple of $1,000,000, and the aggregate principal amount of each Base Rate Borrowing shall not be less

  

 26 








 
than $1,000,000 or a larger multiple of $100,000; provided, that Base Rate Loans made pursuant to Section 2.4 or Section 2.22(d) may be made in lesser amounts as
provided therein. At no time shall the total number of Eurodollar Borrowings outstanding at any time exceed four. Promptly following the receipt of a Notice of Revolving Borrowing in accordance herewith, the Administrative Agent shall advise each
Lender of the details thereof and the amount of such Lender’s Revolving Loan to be made as part of the requested Revolving Borrowing. 
 Section 2.4. Swingline Commitment. 
 (a) Subject to the terms and
conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Borrower, from time to time during the Availability Period, in an aggregate principal amount outstanding at any time not to exceed the lesser of (i) the
Swingline Commitment then in effect and (ii) the difference between the Aggregate Revolving Commitment Amount and the aggregate Revolving Credit Exposures of all Lenders; provided, that the Swingline Lender shall not be required to make
a Swingline Loan to refinance an outstanding Swingline Loan. The Borrower shall be entitled to borrow, repay and reborrow Swingline Loans in accordance with the terms and conditions of this Agreement. 
 (b) The Borrower shall give the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of each Swingline
Borrowing substantially in the form of Exhibit 2.4 attached hereto (“Notice of Swingline Borrowing”) prior to 10:00 a.m. (New York time) on the requested date of each Swingline Borrowing. Each Notice of Swingline Borrowing
shall be irrevocable and shall specify: (i) the principal amount of such Swingline Loan, (ii) the date of such Swingline Loan (which shall be a Business Day) and (iii) the account of the Borrower to which the proceeds of such
Swingline Loan should be credited. The Administrative Agent will promptly advise the Swingline Lender of each Notice of Swingline Borrowing. Each Swingline Loan shall accrue interest at the Base Rate the Swingline Rate and shall have an Interest
Period (subject to the definition thereof) as agreed between the Borrower and the Swingline Lender. The aggregate principal amount of each Swingline Loan shall be not less than $100,000 or a larger multiple of $50,000, or such other minimum amounts
agreed to by the Swingline Lender and the Borrower. The Swingline Lender will make the proceeds of each Swingline Loan available to the Borrower in Dollars in immediately available funds at the account specified by the Borrower in the applicable
Notice of Swingline Borrowing not later than 1:00 p.m. (New York time) on the requested date of such Swingline Loan. 
 (c) The
Swingline Lender, at any time and from time to time in its sole discretion (and in any event no less frequently than once per week), may, on behalf of the Borrower (which hereby irrevocably authorizes and directs the Swingline Lender to act on its
behalf), give a Notice of Revolving Borrowing to the Administrative Agent requesting the Lenders (including the Swingline Lender) to make Base Rate Loans in an amount equal to the unpaid principal amount of any Swingline Loan. Each Lender will make
the proceeds of its Base Rate Loan included in such Borrowing available to the Administrative Agent for the account of the Swingline Lender in accordance with Section 2.5, which will be used solely for the repayment of such Swingline
Loan. 
 (d) If for any reason a Base Rate Borrowing may not be (as determined in the sole discretion of the Administrative
Agent), or is not, made in accordance with the foregoing

  

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provisions, then each Lender (other than the Swingline Lender) shall purchase an undivided participating interest in such Swingline Loan in an amount equal to its Pro Rata Share thereof on the
date that such Base Rate Borrowing should have occurred provided that such obligations of each Lender are subject to the condition that the Swingline Lender believed in good faith that all conditions under Section 3.02 to the making of
the Swingline Loan to be refinanced were satisfied at the time such Swingline Loan was made. On the date of such required purchase, each Lender shall promptly transfer, in immediately available funds, the amount of its participating interest to the
Administrative Agent for the account of the Swingline Lender. If such Swingline Loan bears interest at a rate other than the Base Rate, such Swingline Loan shall automatically become a Base Rate Loan on the effective date of any such participation
and interest shall become payable on demand. 
 (e) Each Lender’s obligation to make a Base Rate Loan pursuant to
Section 2.4(c) or to purchase the participating interests pursuant to Section 2.4(d) shall be absolute and unconditional and shall not be affected by any circumstance, including without limitation (i) any setoff,
counterclaim, recoupment, defense or other right that such Lender or any other Person may have or claim against the Swingline Lender, the Borrower or any other Person for any reason whatsoever, (ii) the existence of a Default or an Event of
Default or the termination of any Lender’s Revolving Commitment, (iii) the existence (or alleged existence) of any event or condition which has had or could reasonably be expected to have a Material Adverse Effect, (iv) any breach of
this Agreement or any other Loan Document by the Borrower, the Administrative Agent or any Lender or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. If such amount is not in fact made
available to the Swingline Lender by any Lender, the Swingline Lender shall be entitled to recover such amount on demand from such Lender, together with accrued interest thereon for each day from the date of demand thereof (i) at the Federal
Funds Rate until the second Business Day after such demand and (ii) at the Base Rate at all times thereafter. Until such time as such Lender makes its required payment, the Swingline Lender shall be deemed to continue to have outstanding
Swingline Loans in the amount of the unpaid participation for all purposes of the Loan Documents. In addition, such Lender shall be deemed to have assigned any and all payments made of principal and interest on its Loans and any other amounts due to
it hereunder, to the Swingline Lender to fund the amount of such Lender’s participation interest in such Swingline Loans that such Lender failed to fund pursuant to this Section 2.4, until such amount has been purchased in full.

 Section 2.5. Funding of Borrowings. 
 (a) Each Lender will make available each Loan to be made by it hereunder on the proposed date thereof by wire transfer in immediately
available funds by 11:00 a.m. (New York time) to the Administrative Agent at the Payment Office; provided, that the Swingline Loans will be made as set forth in Section 2.4. The Administrative Agent will make such Loans available
to the Borrower by promptly crediting the amounts that it receives, in like funds by the close of business on such proposed date, to an account maintained by the Borrower with the Administrative Agent or at the Borrower’s option, by effecting a
wire transfer of such amounts to an account designated by the Borrower to the Administrative Agent. 
 (b) Unless the
Administrative Agent shall have been notified by any Lender prior to 5:00 p.m. (New York time) one (1) Business Day prior to the date of a Borrowing in

  

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which such Lender is to participate that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such
Lender has made such amount available to the Administrative Agent on such date, and the Administrative Agent, in reliance on such assumption, may make available to the Borrower on such date a corresponding amount. If such corresponding amount is not
in fact made available to the Administrative Agent by such Lender on the date of such Borrowing, the Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest at the Federal Funds
Rate until the second Business Day after such demand and thereafter at the Base Rate. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent shall promptly
notify the Borrower, and the Borrower shall immediately pay such corresponding amount to the Administrative Agent together with interest at the rate specified for such Borrowing. Nothing in this subsection shall be deemed to relieve any Lender from
its obligation to fund its Pro Rata Share of any Borrowing hereunder or to prejudice any rights which the Borrower may have against any Lender as a result of any default by such Lender hereunder. 
 (c) All Revolving Borrowings shall be made by the Lenders on the basis of their respective Pro Rata Shares. No Lender shall be responsible
for any default by any other Lender in its obligations hereunder, and each Lender shall be obligated to make its Loans provided to be made by it hereunder, regardless of the failure of any other Lender to make its Loans hereunder. 
 Section 2.6. Interest Elections. 
 (a) Each Borrowing initially shall be of the Type specified in the applicable Notice of Borrowing, and in the case of a Eurodollar Borrowing, shall have an initial Interest Period as specified in such
Notice of Borrowing. Thereafter, the Borrower may elect to convert such Borrowing into a different Type or to continue such Borrowing, and in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this
Section 2.6. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding Loans comprising such Borrowing, and
the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall NOT apply to Swingline Borrowings, which may not be converted or continued. 
 (b) To make an election pursuant to this Section 2.6, the Borrower shall give the Administrative Agent prior written notice (or
telephonic notice promptly confirmed in writing) of each Borrowing substantially in the form of Exhibit 2.6 attached hereto (a “Notice of Conversion/Continuation”) that is to be converted or continued, as the case may be,
(x) prior to 10:00 a.m. (New York time) on the requested date of a conversion into a Base Rate Borrowing and (y) prior to 11:00 a.m. (New York time) three (3) Business Days prior to a continuation of or conversion into a Eurodollar
Borrowing. Each such Notice of Conversion/Continuation shall be irrevocable and shall specify (i) the Borrowing to which such Notice of Continuation/Conversion applies and if different options are being elected with respect to different
portions thereof, the portions thereof that are to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) shall be specified for each resulting Borrowing); (ii) the
effective date of the election made pursuant to such Notice of

  

 29 








 
Continuation/Conversion, which shall be a Business Day, (iii) whether the resulting Borrowing is to be a Base Rate Borrowing or a Eurodollar Borrowing; and (iv) if the resulting
Borrowing is to be a Eurodollar Borrowing, the Interest Period applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of “Interest Period”. If any such Notice of
Continuation/Conversion requests a Eurodollar Borrowing but does not specify an Interest Period, the Borrower shall be deemed to have selected an Interest Period of one month. The principal amount of any resulting Borrowing shall satisfy the minimum
borrowing amount for Eurodollar Borrowings and Base Rate Borrowings set forth in Section 2.3. 
 (c) If, on the
expiration of any Interest Period in respect of any Eurodollar Borrowing, the Borrower shall have failed to deliver a Notice of Conversion/Continuation, then, unless such Borrowing is repaid as provided herein, the Borrower shall be deemed to have
elected to convert such Borrowing to a Base Rate Borrowing. No Borrowing may be converted into, or continued as, a Eurodollar Borrowing if a Default or an Event of Default exists, unless the Administrative Agent and each of the Lenders shall have
otherwise consented in writing. No conversion of any Eurodollar Loans shall be permitted except on the last day of the Interest Period in respect thereof. 
 (d) Upon receipt of any Notice of Conversion/Continuation, the Administrative Agent shall promptly notify each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.

 Section 2.7. Optional Reduction and Termination of Commitments. 
 (a) Unless previously terminated, all Revolving Commitments, Swingline Commitments and LC Commitments shall terminate on the Revolving
Commitment Termination Date. 
 (b) Upon at least three (3) Business Days’ prior written notice (or telephonic notice
promptly confirmed in writing) to the Administrative Agent (which notice shall be irrevocable), the Borrower may reduce the Aggregate Revolving Commitments in part or terminate the Aggregate Revolving Commitments in whole; provided, that
(i) any partial reduction shall apply to reduce proportionately and permanently the Revolving Commitment of each Lender, (ii) any partial reduction pursuant to this Section 2.7 shall be in an amount of at least $5,000,000 and
any larger multiple of $1,000,000, and (iii) no such reduction shall be permitted which would reduce the Aggregate Revolving Commitment Amount to an amount less than the outstanding Revolving Credit Exposures of all Lenders. Any such reduction
in the Aggregate Revolving Commitment Amount below the sum of the principal amount of the Swingline Commitment and the LC Commitment shall result in a proportionate reduction (rounded to the next lowest integral multiple of $100,000) in the
Swingline Commitment and the LC Commitment. 
 Section 2.8. Repayment of Loans. 
 (a) The outstanding principal amount of all Revolving Loans shall be due and payable (together with accrued and unpaid interest thereon) on
the Revolving Commitment Termination Date. 
  

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 (b) The principal amount of each Swingline Borrowing shall be due and payable (together
with accrued and unpaid interest thereon) on the earlier of (i) the last day of the Interest Period applicable to such Borrowing and (ii) the Revolving Commitment Termination Date. 
 Section 2.9. Evidence of Indebtedness. (a) Each Lender shall maintain in accordance with its usual practice
appropriate records evidencing the Indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable thereon and paid to such Lender from time to time
under this Agreement. The Administrative Agent shall maintain appropriate records in which shall be recorded (i) the Revolving Commitment of each Lender, (ii) the amount of each Loan made hereunder by each Lender, the Class and Type
thereof and the Interest Period applicable thereto, (iii) the date of each continuation thereof pursuant to Section 2.6, (iv) the date of each conversion of all or a portion thereof to another Type pursuant to
Section 2.6, (v) the date and amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder in respect of such Loans and (vi) both the date and amount of any sum
received by the Administrative Agent hereunder from the Borrower in respect of the Loans and each Lender’s Pro Rata Share thereof. The entries made in such records shall be prima facie evidence of the existence and amounts of the
obligations of the Borrower therein recorded absent manifest error; provided, that the failure or delay of any Lender or the Administrative Agent in maintaining or making entries into any such record or any error therein shall not in any
manner affect the obligation of the Borrower to repay the Loans (both principal and unpaid accrued interest) of such Lender in accordance with the terms of this Agreement. 
 (b) At the request of any Lender (including the Swingline Lender) at any time, the Borrower agrees that it will execute and deliver to such
Lender a Revolving Note and, in the case of the Swingline Lender only, a Swingline Note, payable to the order of such Lender. 
 Section 2.10. Optional Prepayments. The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, without premium or penalty, by giving irrevocable written notice (or
telephonic notice promptly confirmed in writing) to the Administrative Agent no later than (i) in the case of prepayment of any Eurodollar Borrowing, 11:00 a.m. (New York time) not less than three (3) Business Days prior to any such
prepayment, (ii) in the case of any prepayment of any Base Rate Borrowing, no later than noon (New York time) on the date of such prepayment, and (iii) in the case of Swingline Borrowings, prior to 11:00 a.m. (New York time) on the date of
such prepayment. Each such notice shall be irrevocable and shall specify the proposed date of such prepayment and the principal amount of each Borrowing or portion thereof to be prepaid. Upon receipt of any such notice, the Administrative Agent
shall promptly notify each affected Lender of the contents thereof and of such Lender’s Pro Rata Share of any such prepayment. If such notice is given, the aggregate amount specified in such notice shall be due and payable on the date
designated in such notice, together with accrued interest to such date on the amount so prepaid in accordance with Section 2.13(d); provided, that if a Eurodollar Borrowing is prepaid on a date other than the last day of an
Interest Period applicable thereto, the Borrower shall also pay all amounts required pursuant to Section 2.19. Each partial prepayment of any Loan (other than a Swingline Loan) shall be in an amount that would be permitted in the case of
an advance of a Revolving Borrowing of the same

  

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Type pursuant to Section 2.2 or in the case of a Swingline Loan pursuant to Section 2.4. Each prepayment of a Borrowing shall be applied ratably to the Loans comprising
such Borrowing. 
 Section 2.11. Intentionally Omitted. 
 Section 2.12. Mandatory Prepayments. If at any time the Revolving Credit Exposure of all Lenders exceeds the Aggregate
Revolving Commitment Amount, as reduced pursuant to Section 2.7 or otherwise, the Borrower shall immediately repay Swingline Loans and Revolving Loans in an amount equal to such excess, together with all accrued and unpaid interest on
such excess amount and any amounts due under Section 2.19. Each prepayment shall be applied first to the Swingline Loans to the full extent thereof, second to the Base Rate Loans to the full extent thereof, and finally to Eurodollar
Loans to the full extent thereof. If after giving effect to prepayment of all Swingline Loans and Revolving Loans, the Revolving Credit Exposure of all Lenders exceeds the Aggregate Revolving Commitment Amount, the Borrower shall deposit in an
account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Issuing Bank and the Lenders, an amount in cash equal to such excess plus any accrued and unpaid fees thereon to be held as collateral for the
LC Exposure. Such account shall be administered in accordance with Section 2.22(g) hereof. 
 Section 2.13.
Interest on Loans. 
 (a) The Borrower shall pay interest on each Base Rate Loan at the Base Rate in effect from time
to time and on each Eurodollar Loan at the Adjusted LIBO Rate for the applicable Interest Period in effect for such Loan, plus, in each case, the Applicable Margin in effect from time to time. 
 (b) The Borrower shall pay interest on each Swingline Loan at the Swingline Rate in effect from time to time. 
 (c) While an Event of Default exists or after acceleration, at the option of the Required Lenders, the Borrower shall pay interest
(“Default Interest”) with respect to all Eurodollar Loans at the rate otherwise applicable for the then-current Interest Period plus an additional 2% per annum until the last day of such Interest Period, and thereafter,
and with respect to all Base Rate Loans and all other Obligations hereunder (other than Loans), at the rate in effect for Base Rate Loans, plus an additional 2% per annum. 
 (d) Interest on the principal amount of all Loans shall accrue from and including the date such Loans are made to but excluding the date of
any repayment thereof. Interest on all outstanding Base Rate Loans shall be payable quarterly in arrears on the last day of each March, June, September and December and on the Revolving Commitment Termination Date. Interest on all outstanding
Eurodollar Loans shall be payable on the last day of each Interest Period applicable thereto, and, in the case of any Eurodollar Loans having an Interest Period in excess of three months or 90 days, respectively, on each day which occurs every three
months or 90 days, as the case may be, after the initial date of such Interest Period, and on the Revolving Commitment Termination Date. Interest on each Swingline Loan shall be payable on the maturity date of such Loan, which shall be the last day
of the Interest Period applicable thereto, and on the Revolving Commitment Termination Date. Interest on any Loan which is converted

  

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into a Loan of another Type or which is repaid or prepaid shall be payable on the date of such conversion or on the date of any such repayment or prepayment (on the amount repaid or prepaid)
thereof. All Default Interest shall be payable on demand. 
 (e) The Administrative Agent shall determine each interest rate
applicable to the Loans hereunder and shall promptly notify the Borrower and the Lenders of such rate in writing (or by telephone, promptly confirmed in writing). Any such determination shall be conclusive and binding for all purposes, absent
manifest error. 
 Section 2.14. Fees. 
 (a) The Borrower shall pay to the Administrative Agent for its own account fees in the amounts and at the times previously agreed upon in
writing by the Borrower and the Administrative Agent. 
 (b) The Borrower agrees to pay to the Administrative Agent for the
account of each Lender a commitment fee, which shall accrue at the Applicable Percentage per annum (determined daily in accordance with Schedule I) on the daily amount of the unused Revolving Commitment of such Lender during the Availability
Period; For purposes of computing commitment fees with respect to the Revolving Commitments, the Revolving Commitment of each Lender shall be deemed used to the extent of the outstanding Revolving Loans and LC Exposure, but not Swingline Exposure,
of such Lender. 
 (c) The Borrower agrees to pay (i) to the Administrative Agent, for the account of each Lender, a
letter of credit fee with respect to its participation in each Letter of Credit, which shall accrue at a rate per annum equal to the Applicable Margin for Eurodollar Loans then in effect on the average daily amount of such Lender’s LC Exposure
attributable to such Letter of Credit during the period from and including the date of issuance of such Letter of Credit to but excluding the date on which such Letter of Credit expires or is drawn in full (including without limitation any LC
Exposure that remains outstanding after the Revolving Commitment Termination Date) and (ii) to the Issuing Bank for its own account a fronting fee, which shall accrue at the rate of 0.125% per annum on the average daily amount of the LC
Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the Availability Period (or until the date that such Letter of Credit is irrevocably cancelled, whichever is later), as well as the Issuing Bank’s
standard fees with respect to issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Notwithstanding the foregoing, if the Required Lenders elect to increase the interest rate on the Loans to the
Default Interest pursuant to Section 2.13(c), the rate per annum used to calculate the letter of credit fee pursuant to clause (i) above shall automatically be increased by an additional 2% per annum. 
 (d) The Borrower shall pay to the Administrative Agent, for the ratable benefit of each Lender, the upfront fee previously agreed upon by
the Borrower and the Administrative Agent, which shall be due and payable on the Closing Date. 
 (e) Accrued fees under
paragraphs (b) and (c) above shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing

  

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on December 31, 2006 and on the Revolving Commitment Termination Date (and if later, the date the Loans and LC Exposure shall be repaid in their entirety); provided further,
that any such fees accruing after the Revolving Commitment Termination Date shall be payable on demand. 
 Section 2.15.
Computation of Interest and Fees. 
 All computations of interest and fees hereunder shall be made on the basis of a
year of 360 days for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable (to the extent computed on the basis of days elapsed). Each determination by the
Administrative Agent of an interest amount or fee hereunder shall be made in good faith and, except for manifest error, shall be final, conclusive and binding for all purposes. 
 Section 2.16. Inability to Determine Interest Rates. If prior to the commencement of any Interest Period for any
Eurodollar Borrowing, 
 (i) the Administrative Agent shall have determined (which determination shall be
conclusive and binding upon the Borrower) that, by reason of circumstances affecting the relevant interbank market, adequate means do not exist for ascertaining LIBOR for such Interest Period, or 
 (ii) the Administrative Agent shall have received notice from the Required Lenders that the Adjusted LIBO Rate does not
adequately and fairly reflect the cost to such Lenders (or Lender, as the case may be) of making, funding or maintaining their (or its, as the case may be) Eurodollar Loans for such Interest Period, 
 the Administrative Agent shall give written notice (or telephonic notice, promptly confirmed in writing) to the Borrower and to the Lenders as soon as
practicable thereafter. Until the Administrative Agent shall notify the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) the obligations of the Lenders to make Eurodollar Revolving Loans or to
continue or convert outstanding Loans as or into Eurodollar Loans shall be suspended and (ii) all such affected Loans shall be converted into Base Rate Loans on the last day of the then current Interest Period applicable thereto unless the
Borrower prepays such Loans in accordance with this Agreement. Unless the Borrower notifies the Administrative Agent at least one Business Day before the date of any Eurodollar Revolving Borrowing for which a Notice of Revolving Borrowing has
previously been given that it elects not to borrow on such date, then such Revolving Borrowing shall be made as a Base Rate Borrowing. 
 Section 2.17. Illegality. If any Change in Law shall make it unlawful or impossible for any Lender to make, maintain or fund any Eurodollar Loan and such Lender shall so notify the Administrative Agent, the Administrative
Agent shall promptly give notice thereof to the Borrower and the other Lenders, whereupon until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such suspension no longer exist, the obligation of
such Lender to make Eurodollar Revolving Loans, or to continue or convert outstanding Loans as or into Eurodollar Loans, shall be suspended. In the case of the making of a Eurodollar Revolving Borrowing, such Lender’s Revolving Loan shall be
made as a Base Rate Loan as part of the same Revolving Borrowing for the same Interest Period and if the affected

  

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Eurodollar Loan is then outstanding, such Loan shall be converted to a Base Rate Loan either (i) on the last day of the then current Interest Period applicable to such Eurodollar Loan if
such Lender may lawfully continue to maintain such Loan to such date or (ii) immediately if such Lender shall determine that it may not lawfully continue to maintain such Eurodollar Loan to such date. Notwithstanding the foregoing, the affected
Lender shall, prior to giving such notice to the Administrative Agent, designate a different Applicable Lending Office if such designation would avoid the need for giving such notice and if such designation would not otherwise be disadvantageous to
such Lender in the good faith exercise of its discretion. 
 Section 2.18. Increased Costs. 
 (a) If any Change in Law shall: 
 (i) impose, modify or deem applicable any reserve, special deposit or similar requirement that is not otherwise included in the determination of the Adjusted LIBO Rate hereunder against assets of,
deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate) or the Issuing Bank; or 
 (ii) impose on any Lender or on the Issuing Bank or the eurodollar interbank market any other condition affecting this
Agreement or any Eurodollar Loans made by such Lender or any Letter of Credit or any participation therein; 
 and the result of either of the
foregoing is to increase the cost to such Lender of making, converting into, continuing or maintaining a Eurodollar Loan or to increase the cost to such Lender or the Issuing Bank of participating in or issuing any Letter of Credit or to reduce the
amount received or receivable by such Lender or the Issuing Bank hereunder (whether of principal, interest or any other amount), then the Borrower shall promptly pay, upon written notice from and demand by such Lender on the Borrower (with a copy of
such notice and demand to the Administrative Agent), to the Administrative Agent for the account of such Lender, within five Business Days after the date of such notice and demand, additional amount or amounts sufficient to compensate such Lender or
the Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered. 
 (b) If any Lender or the
Issuing Bank shall have determined that on or after the date of this Agreement any Change in Law regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or the Issuing Bank’s capital (or
on the capital of such Lender’s or the Issuing Bank’s parent corporation) as a consequence of its obligations hereunder or under or in respect of any Letter of Credit to a level below that which such Lender or the Issuing Bank or such
Lender’s or the Issuing Bank’s parent corporation could have achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Bank’s policies or the policies of such Lender’s or the Issuing
Bank’s parent corporation with respect to capital adequacy) by an amount deemed by such Lender to be material, then, from time to time, within five (5) Business Days after receipt by the Borrower of written demand by such Lender (with a
copy thereof to the Administrative Agent), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s parent corporation for any such reduction
suffered. 
  

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 (c) A certificate of a Lender or the Issuing Bank setting forth the amount or amounts
necessary to compensate such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s parent corporation, as the case may be, specified in paragraph (a) or (b) of this Section 2.18 shall be delivered to the
Borrower (with a copy to the Administrative Agent) and shall be conclusive, absent manifest error. The Borrower shall pay any such Lender or the Issuing Bank, as the case may be, such amount or amounts within 10 days after receipt thereof.

 (d) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation pursuant to this
Section 2.18 shall not constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such compensation provided, that the Borrower shall not be required to compensate a Lender or the Issuing Bank under this
Section 2.18 for any increased costs or reductions incurred more than six (6) months prior to the date that such Lender or the Issuing Bank notifies the Borrower of such increased costs or reductions and of such Lender’s or the
Issuing Bank’s intention to claim compensation therefor; provided further, that if the Change in Law giving rise to such increased costs or reductions is retroactive, then such six-month period shall be extended to include the period of
such retroactive effect. 
 Section 2.19. Funding Indemnity. In the event of (a) the payment of any
principal of a Eurodollar Loan other than on the last day of the Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion or continuation of a Eurodollar Loan other than on the last day of the
Interest Period applicable thereto, or (c) the failure by the Borrower to borrow, prepay, convert or continue any Eurodollar Loan on the date specified in any applicable notice (regardless of whether such notice is withdrawn or revoked), then,
in any such event, the Borrower shall compensate each Lender, within five (5) Business Days after written demand from such Lender, for any loss, cost or expense attributable to such event. In the case of a Eurodollar Loan, such loss, cost or
expense shall be deemed to include an amount determined by such Lender to be the excess, if any, of (A) the amount of interest that would have accrued on the principal amount of such Eurodollar Loan if such event had not occurred at the
Adjusted LIBO Rate applicable to such Eurodollar Loan for the period from the date of such event to the last day of the then current Interest Period therefor (or in the case of a failure to borrow, convert or continue, for the period that would have
been the Interest Period for such Eurodollar Loan) over (B) the amount of interest that would accrue on the principal amount of such Eurodollar Loan for the same period if the Adjusted LIBO Rate were set on the date such Eurodollar Loan was
prepaid or converted or the date on which the Borrower failed to borrow, convert or continue such Eurodollar Loan. A certificate as to any additional amount payable under this Section 2.19 submitted to the Borrower by any Lender (with a
copy to the Administrative Agent) shall be conclusive, absent manifest error. 
 Section 2.20. Taxes.

 (a) Any and all payments by or on account of any obligation of the Borrower hereunder shall be made free and clear of and
without deduction for any Indemnified Taxes or Other Taxes; provided, that if the Borrower shall be required to deduct any Indemnified Taxes or 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 2.20) the Administrative Agent, any Lender or the Issuing Bank (as the case may be) shall receive an amount equal to
the sum it would have received had no such deductions

  

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been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable
law. 
 (b) In addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with
applicable law. 
 (c) The Borrower shall indemnify the Administrative Agent, each Lender and the Issuing Bank, within five
(5) Business Days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent, such Lender or the Issuing Bank, as the case may be, on or with respect to any payment by or on
account of any obligation of the Borrower hereunder (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 2.20) 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; provided, however, that such indemnification obligation shall not
apply with respect to any such taxes, interest or penalties imposed solely as a result of the gross negligence or willful misconduct of the Administrative Agent, such Lender or the Issuing Bank. A certificate as to the amount of such payment or
liability delivered to the Borrower by a Lender or the Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or the Issuing Bank, shall be conclusive absent manifest error. 
 (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower
shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably
satisfactory to the Administrative Agent. 
 (e) Any Lender or Issuing Bank that is entitled to an exemption from or reduction
of withholding tax under the Code or any treaty to which the United States is a party, with respect to payments under this Agreement, shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by
applicable law, such properly completed and executed documentation prescribed by applicable law or reasonably requested by the Borrower as will permit such payments to be made without withholding or at a reduced rate, provided that no Lender or
Issuing Bank will be required to provide Borrower with information that such Lender or Issuing Bank reasonably determines to be confidential or materially more onerous than the information required by Internal Revenue Service Form W-8 BEN or W-8
ECI. Without limiting the generality of the foregoing, each Foreign Lender agrees that it will deliver to the Administrative Agent and the Borrower (or in the case of a Participant, to the Lender from which the related participation shall have been
purchased), as appropriate, two (2) duly completed copies of (i) Internal Revenue Service Form W-8 ECI, or any successor form thereto, certifying that the payments received from the Borrower hereunder are effectively connected with such
Foreign Lender’s conduct of a trade or business in the United States; or (ii) Internal Revenue Service Form W-8 BEN, or any successor form thereto, certifying that such Foreign Lender is entitled to benefits under an income tax treaty to
which the United States is a party which reduces the rate of withholding tax on payments of interest; or (iii) Internal Revenue Service Form W-8 BEN, or any successor form prescribed by the Internal Revenue Service, together with a certificate
(A) establishing that the payment to the Foreign Lender qualifies as

  

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“portfolio interest” exempt from U.S. withholding tax under Code section 871(h) or 881(c), and (B) stating that (1) the Foreign Lender is not a bank for purposes of Code
section 881(c)(3)(A), or the obligation of the Borrower hereunder is not, with respect to such Foreign Lender, a loan agreement entered into in the ordinary course of its trade or business, within the meaning of that section; (2) the Foreign
Lender is not a 10% shareholder of the Borrower within the meaning of Code section 871(h)(3) or 881(c)(3)(B); and (3) the Foreign Lender is not a controlled foreign corporation that is related to the Borrower within the meaning of Code section
881(c)(3)(C); or (iv) such other Internal Revenue Service forms as may be applicable to the Foreign Lender, including Forms W-8 IMY or W-8 EXP. Each Lender or Issuing Bank shall deliver to the Borrower and the Administrative Agent such forms on
or before the date that it becomes a party to this Agreement (or in the case of a Participant, on or before the date such Participant purchases the related participation). In addition, each Lender or Issuing Bank shall deliver such forms promptly
upon the obsolescence or invalidity of any form previously delivered by Lender or Issuing Bank. Each Lender or Issuing Bank shall promptly notify the Borrower and the Administrative Agent at any time that it determines that it is no longer in a
position to provide any previously delivered certificate to the Borrower (or any other form of certification adopted by the Internal Revenue Service for such purpose). 
 (f) In the event the Administrative Agent, any Lender or the Issuing Bank determines in its sole discretion that it has obtained any refund of Taxes in respect of which an additional payment amount
described in Section 2.20(a), (b), or (c) was paid, the Administrative Agent, such Lender or Issuing Bank thereupon shall repay to the Borrower an amount with respect to such refund equal to any net reduction in Taxes
actually obtained by the Administrative Agent, such Lender or Issuing Bank as is attributable to such refund, net of all out-of-pocket expenses of the Administrative Agent, such Lender or Issuing Bank and without interest (other than interest paid
by the relevant taxing authority with respect to such refund)’ provided, however, that the Borrower, upon the request of the Administrative Agent, such Lender or Issuing Bank, agrees to repay the amount paid over to the Borrower
(plus any penalties, interest or other charges imposed by the relevant taxing authority) to the Administrative Agent, such Lender or Issuing Bank in the event the Administrative Agent, such Lender or Issuing Bank is required to repay such refund to
such taxing authority. Nothing in this paragraph shall require the Administrative Agent, any Lender or Issuing Bank to make available to the Borrower or any Person any tax returns or other information the Administrative Agent, such Lender or Issuing
Bank deems to be confidential or proprietary. 
 Section 2.21. Payments Generally; Pro Rata Treatment; Sharing of
Set-offs. 
 (a) The Borrower shall make each payment required to be made by it hereunder (whether of principal,
interest, fees or reimbursement of LC Disbursements, or of amounts payable under Sections 2.18, 2.19 or 2.20, or otherwise) prior to 12:00 noon (New York time) on the date when due, in immediately available funds, free and clear
of any defenses, rights of set-off, counterclaim, or withholding or deduction of taxes. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding
Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at the Payment Office, except payments to be made directly to the Issuing Bank or Swingline Lender as expressly provided herein
and except that payments pursuant to Sections 2.18, 2.19 and 2.20 and 10.3 shall be made

  

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directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly
following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon
shall be made payable for the period of such extension. All payments hereunder shall be made in Dollars. 
 (b) If at any time
insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of
interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then
due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties. 
 (c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Revolving Loans or participations in LC
Disbursements or Swingline Loans that would result in such Lender receiving payment of a greater proportion of the aggregate amount of its Revolving Loans and participations in LC Disbursements and Swingline Loans and accrued interest thereon than
the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Revolving Loans and participations in LC Disbursements and Swingline Loans of other Lenders
to the extent necessary 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 Revolving Loans and participations in LC
Disbursements and Swingline Loans; provided, that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored
to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or any
payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements or Swingline Loans to any assignee or participant, other than to the Borrower or any Subsidiary
or Affiliate thereof (as to which the provisions of this paragraph shall apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to
the foregoing arrangements may exercise against the Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 
 (d) Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders or the Issuing Bank hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may,
in reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be, the amount or amounts due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing Bank,

  

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as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank 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 the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation. 
 (e) If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.4(c) and (d), 2.5(a), 2.21(d), 2.22(d) or (e) or 10.3(d), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts
thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 
 Section 2.22. Letters of Credit. 
 (a) During the Availability Period, the Issuing Bank, in reliance upon the agreements of the other Lenders pursuant to Section 2.22(d), agrees to issue, at the request of the Borrower, Letters
of Credit for the account of the Borrower on the terms and conditions hereinafter set forth; provided, that (i) each Letter of Credit shall expire on the earlier of (A) the date one year after the date of issuance of such Letter of
Credit (or in the case of any renewal or extension thereof, one year after such renewal or extension) and (B) the date that is five (5) Business Days prior to the Revolving Commitment Termination Date; (ii) each Letter of Credit shall
be in a stated amount of at least $100,000; and (iii) the Borrower may not request any Letter of Credit, if, after giving effect to such issuance (A) the aggregate LC Exposure would exceed the LC Commitment or (B) the aggregate
Revolving Credit Exposure of all Lenders would exceed the Aggregate Revolving Commitment Amount. Each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Bank without recourse a
participation in each Letter of Credit equal to such Lender’s Pro Rata Share of the aggregate amount available to be drawn under such Letter of Credit (i) on the Closing Date with respect to all Existing Letters of Credit and (ii) on
the date of issuance with respect to all other Letters of Credit. Each issuance of a Letter of Credit shall be deemed to utilize the Revolving Commitment of each Lender by an amount equal to the amount of such participation. 
 (b) To request the issuance of a Letter of Credit (or any amendment, renewal or extension of an outstanding Letter of Credit), the Borrower
shall give the Issuing Bank and the Administrative Agent irrevocable written notice at least three (3) Business Days prior to the requested date of such issuance (or such shorter period as may be agreed to by the Issuing Bank) specifying the
date (which shall be a Business Day) such Letter of Credit is to be issued (or amended, extended or renewed, as the case may be), the expiration date of such Letter of Credit, the amount of such Letter of Credit, the name and address of the
beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. In addition to the satisfaction of the conditions in Article III, the issuance of such Letter of Credit (or any
amendment which increases the amount of such Letter of Credit) will be subject to the further conditions that such Letter of Credit shall be in such form and contain such terms as the Issuing Bank shall approve and that the Borrower shall have
executed and delivered any additional applications, agreements and instruments relating to such Letter of Credit as the Issuing Bank shall reasonably require; provided, that in the event of any conflict between such

  

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applications, agreements or instruments and this Agreement, the terms of this Agreement shall control. 
 (c) At least two Business Days prior to the issuance of any Letter of Credit, the Issuing Bank will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has
received such notice and if not, the Issuing Bank will provide the Administrative Agent with a copy thereof. Unless the Issuing Bank has received notice from the Administrative Agent on or before the Business Day immediately preceding the date the
Issuing Bank is to issue the requested Letter of Credit (1) directing the Issuing Bank not to issue the Letter of Credit because such issuance is not then permitted hereunder because of the limitations set forth in Section 2.22(a)
or that one or more conditions specified in Article III are not then satisfied, then, subject to the terms and conditions hereof, the Issuing Bank shall, on the requested date, issue such Letter of Credit in accordance with the Issuing
Bank’s usual and customary business practices. 
 (d) The Issuing Bank shall examine all documents purporting to represent
a demand for payment under a Letter of Credit promptly following its receipt thereof. The Issuing Bank shall notify the Borrower and the Administrative Agent of such demand for payment and whether the Issuing Bank has made or will make a LC
Disbursement thereunder; provided, that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank and the Lenders with respect to such LC Disbursement. The Borrower shall
be irrevocably and unconditionally obligated to reimburse the Issuing Bank for any LC Disbursements paid by the Issuing Bank in respect of such drawing, without presentment, demand or other formalities of any kind. Unless the Borrower shall have
notified the Issuing Bank and the Administrative Agent prior to 11:00 a.m. (New York time) on the Business Day immediately prior to the date on which such drawing is honored that the Borrower intends to reimburse the Issuing Bank for the amount of
such drawing in funds other than from the proceeds of Revolving Loans, the Borrower shall be deemed to have timely given a Notice of Revolving Borrowing to the Administrative Agent requesting the Lenders to make a Base Rate Borrowing on the date on
which such drawing is honored in an exact amount due to the Issuing Bank; provided, that for purposes solely of such Borrowing, the conditions precedent set forth in Section 3.2 hereof shall not be applicable. The Administrative
Agent shall notify the Lenders of such Borrowing in accordance with Section 2.3, and each Lender shall make the proceeds of its Base Rate Loan included in such Borrowing available to the Administrative Agent for the account of the
Issuing Bank in accordance with Section 2.5. The proceeds of such Borrowing shall be applied directly by the Administrative Agent to reimburse the Issuing Bank for such LC Disbursement. 
 (e) If for any reason a Base Rate Borrowing may not be (as determined in the sole discretion of the Administrative Agent), or is not, made
in accordance with the foregoing provisions, then each Lender (other than the Issuing Bank) shall be obligated to fund the participation that such Lender purchased pursuant to subsection (a) in an amount equal to its Pro Rata Share of such LC
Disbursement on and as of the date which such Base Rate Borrowing should have occurred. Each Lender’s obligation to fund its participation shall be absolute and unconditional and shall not be affected by any circumstance, including
without limitation (i) any setoff, counterclaim, recoupment, defense or other right that such Lender or any other Person may have against the Issuing Bank or any other Person for any reason whatsoever, (ii) the

  

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existence of a Default or an Event of Default or the termination of the Aggregate Revolving Commitments, (iii) any adverse change in the condition (financial or otherwise) of the Borrower or
any of its Subsidiaries, (iv) any breach of this Agreement by the Borrower or any other Lender, (v) any amendment, renewal or extension of any Letter of Credit or (vi) any other circumstance, happening or event whatsoever, whether or
not similar to any of the foregoing. On the date that such participation is required to be funded, each Lender shall promptly transfer, in immediately available funds, the amount of its participation to the Administrative Agent for the account of
the Issuing Bank. Whenever, at any time after the Issuing Bank has received from any such Lender the funds for its participation in a LC Disbursement, the Issuing Bank (or the Administrative Agent on its behalf) receives any payment on account
thereof, the Administrative Agent or the Issuing Bank, as the case may be, will distribute to such Lender its Pro Rata Share of such payment; provided, that if such payment is required to be returned for any reason to the Borrower or to a
trustee, receiver, liquidator, custodian or similar official in any bankruptcy proceeding, such Lender will return to the Administrative Agent or the Issuing Bank any portion thereof previously distributed by the Administrative Agent or the Issuing
Bank to it. 
 (f) To the extent that any Lender shall fail to pay any amount required to be paid pursuant to paragraphs
(d) or (e) of this Section on the due date therefor, such Lender shall pay interest to the Issuing Bank (through the Administrative Agent) on demand on such amount from such due date to the date such payment is made at a rate per annum
equal to (i) the Federal Funds Rate until the second Business Day after such demand and (ii) at the Base Rate at all times thereafter. 
 (g) If any Event of Default shall occur and be continuing, on the Business Day that the Borrower receives notice from the Administrative Agent or the Required Lenders demanding the deposit of cash
collateral pursuant to this paragraph, the Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Issuing Bank and the Lenders, an amount in cash equal to the LC
Exposure as of such date plus any accrued and unpaid fees thereon; provided, that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or
notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in clause (g) or (h) of Section 8.1. Such deposit shall be held by the Administrative Agent for the benefit of the Issuing
Bank as collateral for the payment and performance of the obligations of the Borrower under this Agreement. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Borrower
agrees to execute any documents and/or certificates to effectuate the intent of this paragraph. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the
Administrative Agent and at the Borrower’s risk and expense, such deposits shall not bear interest. Interest and profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the
Administrative Agent to reimburse the Issuing Bank for LC Disbursements for which it had not been reimbursed and to the extent so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at
such time or, if the maturity of the Loans has been accelerated, with the consent of the Required Lenders, be applied to satisfy other obligations of the Borrower under this Agreement and the other Loan Documents. If the Borrower is required to
provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not so

  

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applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived. 
 (h) Promptly following the end of each calendar quarter, the Issuing Bank shall deliver (through the Administrative Agent) to each Lender
and the Borrower a report describing the aggregate Letters of Credit outstanding at the end of such Fiscal Quarter. Upon the request of any Lender from time to time, the Issuing Bank shall deliver to such Lender any other information reasonably
requested by such Lender with respect to each Letter of Credit then outstanding. 
 (i) The Borrower’s obligation to
reimburse LC Disbursements hereunder shall be absolute, unconditional and irrevocable and shall be performed strictly in accordance with the terms of this Agreement under all circumstances whatsoever and irrespective of any of the following
circumstances: 
 (i) Any lack of validity or enforceability of any Letter of Credit or this Agreement;

 (ii) The existence of any claim, set-off, defense or other right which the Borrower or any Subsidiary or
Affiliate of the Borrower may have at any time against a beneficiary or any transferee of any Letter of Credit (or any Persons or entities for whom any such beneficiary or transferee may be acting), any Lender (including the Issuing Bank) or any
other Person, whether in connection with this Agreement or the Letter of Credit or any document related hereto or thereto or any unrelated transaction; 
 (iii) Any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect;

 (iv) Payment by the Issuing Bank under a Letter of Credit against presentation of a draft or other document to
the Issuing Bank that does not comply with the terms of such Letter of Credit; 
 (v) Any other event or
circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section 2.22, constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s
obligations hereunder; or 
 (vi) The existence of a Default or an Event of Default. 
 Neither the Administrative Agent, the Issuing Bank, the Lenders nor any Related Party of any of the foregoing shall have any liability or responsibility by
reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to above), or any error, omission, interruption, loss or
delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence
arising from causes beyond the control of the Issuing Bank; provided, that the foregoing shall not be construed to

  

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excuse the Issuing Bank from liability to the Borrower to the extent of any actual direct damages (as opposed to special, indirect (including claims for lost profits or other consequential
damages), or punitive damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by the Issuing Bank’s failure to exercise due care when determining
whether drafts or other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree, that in the absence of gross negligence or willful misconduct on the part of the Issuing Bank (as finally
determined by a court of competent jurisdiction), the Issuing Bank shall be deemed to have exercised due care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with
respect to documents presented that appear on their face to be in substantial compliance with the terms of a Letter of Credit, the Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility
for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 
 (j) Unless otherwise expressly agreed by the Issuing Bank and the Borrower when a Letter of Credit is issued and subject to applicable
laws, performance under Letters of Credit by the Issuing Bank, its correspondents, and the beneficiaries thereof will be governed by (i) either (x) the rules of the “International Standby Practices 1998” (ISP98) (or such later
revision as may be published by the Institute of International Banking Law & Practice on any date any Letter of Credit may be issued) or (y) the rules of the “Uniform Customs and Practices for Documentary Credits” (1993
Revision), International Chamber of Commerce Publication No. 500 (or such later revision as may be published by the International Chamber of Commerce on any date any Letter of Credit may be issued) and (ii) to the extent not inconsistent
therewith, the governing law of this Agreement set forth in Section 10.5. 
 Section 2.23. Increase of
Commitments; Additional Lenders. 
 (a) So long as no Event of Default has occurred and is continuing, from time to time
after the Closing Date, Borrower may, upon at least 30 days’ written notice to the Administrative Agent (who shall promptly provide a copy of such notice to each Lender), propose to increase the Aggregate Revolving Commitments by an amount not
to exceed $50,000,000 (the amount of any such increase, the “Additional Commitment Amount”). Each Lender shall have the right for a period of 15 days following receipt of such notice, to elect by written notice to the Borrower and
the Administrative Agent to increase its Revolving Commitment by a principal amount equal to its Pro Rata Share of the Additional Commitment Amount. No Lender (or any successor thereto) shall have any obligation to increase its Revolving Commitment
or its other obligations under this Agreement and the other Loan Documents, and any decision by a Lender to increase its Revolving Commitment shall be made in its sole discretion independently from any other Lender. 
 (b) If any Lender shall not elect to increase its Revolving Commitment pursuant to subsection (a) of this Section 2.23,
the Borrower may designate another bank or other financial institution (which may be, but need not be, one or more of the existing Lenders) which at the time agrees to, in the case of any such Person that is an existing Lender, increase its
Revolving Commitment and in the case of any other such Person (an “Additional Lender”),

  

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become a party to this Agreement; provided, however, that any new bank or financial institution must be reasonably acceptable to the Administrative Agent, which acceptance will not
be unreasonably withheld or delayed. The sum of the increases in the Revolving Commitments of the existing Lenders pursuant to this subsection (b) plus the Revolving Commitments of the Additional Lenders shall not in the aggregate exceed the
unsubscribed amount of the Additional Commitment Amount. 
 (c) An increase in the aggregate amount of the Revolving
Commitments pursuant to this Section 2.23 shall become effective upon the receipt by the Administrative Agent of an supplement or joinder in form and substance satisfactory to the Administrative Agent executed by the Borrower, by each
Additional Lender and by each other Lender whose Revolving Commitment is to be increased, setting forth the new Revolving Commitments of such Lenders and setting forth the agreement of each Additional Lender to become a party to this Agreement and
to be bound by all the terms and provisions hereof, together with Notes evidencing such increase in the Commitments, and such evidence of appropriate corporate authorization on the part of the Borrower with respect to the increase in the Revolving
Commitments and such opinions of in-house counsel for the Borrower with respect to the increase in the Revolving Commitments as the Administrative Agent may reasonably request. 
 (d) Upon the acceptance of any such supplement or joinder by the Administrative Agent, the Aggregate Revolving Commitment Amount shall
automatically be increased by the amount of the Revolving Commitments added through such supplement or joinder and Schedule II shall automatically be deemed amended to reflect the Revolving Commitments of all Lenders after giving effect to
the addition of such Revolving Commitments. 
 (e) Upon any increase in the aggregate amount of the Revolving Commitments
pursuant to this Section 2.23 that is not pro rata among all Lenders, (x) within five Business Days, in the case of any Base Rate Loans then outstanding, and at the end of the then current Interest Period with respect thereto, in
the case of any Eurodollar Loans then outstanding, the Borrower shall prepay such Loans in their entirety and, to the extent the Borrower elects to do so and subject to the conditions specified in Article III, the Borrower shall reborrow
Loans from the Lenders in proportion to their respective Revolving Commitments after giving effect to such increase, until such time as all outstanding Loans are held by the Lenders in proportion to their respective Commitments after giving effect
to such increase and (y) effective upon such increase, the amount of the participations held by each Lender in each Letter of Credit then outstanding shall be adjusted automatically such that, after giving effect to such adjustments, the
Lenders shall hold participations in each such Letter of Credit in proportion to their respective Revolving Commitments. 
 Section 2.24. Mitigation of Obligations. If any Lender requests compensation under Section 2.18, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority
for the account of any Lender pursuant to Section 2.20, 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 sole judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable under Section 2.18 or Section 2.20, as the case may
be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not

  

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otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all costs and expenses incurred by any Lender in connection with such designation or assignment. 
 Section 2.25. Replacement of Lenders. 
 (a) If any Lender requests compensation under Section 2.18, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority of the account of any Lender
pursuant to Section 2.20, or if any Lender defaults in its obligation to fund Loans hereunder, then the Borrower 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 set forth in Section 10.4(b) all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which
assignee may be another Lender); provided, that (i) the Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not be unreasonably withheld, provided that no consent of the Administrative
Agent shall be required if such assignee is an existing Lender or the Administrative Agent and (ii) such Lender shall have received payment of an amount equal to the outstanding principal amount of all Loans owed to it, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (in the case of such outstanding principal and accrued interest) and from the Borrower (in the case of all other amounts) and (iii) in the case of a claim
for compensation under Section 2.18 or payments required to be made pursuant to Section 2.20, such assignment will result in a reduction in such compensation or payments. A Lender shall not be required to make any such
assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
 (b) If, in connection with any proposed amendment, modification, waiver or termination (a “Proposed Change”) requiring the
consent of all affected Lenders, the consent of Required Lenders is obtained, but the consent of other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained as described in this clause (i) and
clause (ii) below being referred to as a “Non-Consenting Lender”) then the Borrower may, at its sole expense and effort, upon notice to such Non-Consenting Lenders and the Administrative Agent, require such
Non-Consenting Lenders to assign and delegate, without recourse (in accordance with and subject to the restrictions set forth in Section 10.4(b)) all their interests, rights and obligations under this Agreement to an assignee or
assignees that shall assume such obligations (which assignee may be another Lender); provided, that (i) the Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not be unreasonably
withheld, provided that no consent of the Administrative Agent shall be required if such assignee is an existing Lender or the Administrative Agent, and (ii) each such Lender shall have received payment of an amount equal to the outstanding
principal amount of all Loans owed to it, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (in the case of such outstanding principal and accrued interest) and from the Borrower (in the case of
all other amounts). A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation
cease to apply. 
  

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 ARTICLE III 
 CONDITIONS PRECEDENT TO LOANS AND LETTERS OF CREDIT 
 Section 3.1. Conditions To Effectiveness. The obligations of the Lenders (including the Swingline Lender) to make Loans and the obligation of the Issuing Bank to issue any Letter of Credit hereunder shall not become
effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 10.2). 
 (a) The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Closing Date, including reimbursement or payment of all out-of-pocket expenses (including
reasonable fees, charges and disbursements of counsel to the Administrative Agent) required to be reimbursed or paid by the Borrower hereunder, under any other Loan Document and under any agreement with the Administrative Agent or SunTrust Capital
Markets, Inc., as Arranger. 
 (b) The Administrative Agent (or its counsel) shall have received the following: 
 (i) a counterpart of this Agreement signed by or on behalf of each party hereto or written evidence satisfactory to the
Administrative Agent (which may include telecopy transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement; 
 (ii) duly executed Revolving Notes payable to such Lender and the Swingline Note payable to the Swingline Lender; 

(iii) the Subsidiary Guaranty Agreement duly executed by each Domestic Restricted Subsidiary; 
 (iv) a certificate of the Secretary or Assistant Secretary of each Loan Party in the form of Exhibit 3.1(b)(iv),
attaching and certifying copies of its bylaws and of the resolutions of its board of directors, or partnership agreement or limited liability company agreement, or comparable organizational documents and authorizations, authorizing the execution,
delivery and performance of the Loan Documents to which it is a party and certifying the name, title and true signature of each officer of such Loan Party executing the Loan Documents to which it is a party; 
 (v) certified copies of the articles or certificate of incorporation, certificate of organization or limited partnership, or
other registered organizational documents of each Loan Party, together with certificates of good standing or existence, as may be available from the Secretary of State of the jurisdiction of organization of such Loan Party and each other
jurisdiction where such Loan Party is required to be qualified to do business as a foreign corporation; 
 (vi) a
favorable written opinion of (i) Steven M. Edmonds, general counsel to the Loan Parties and (ii) Hunton & Williams LLP, special counsel to the Loan Parties,

  

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each addressed to the Administrative Agent and each of the Lenders covering such matters relating to the Loan Parties, the Loan Documents and the transactions contemplated therein as the
Administrative Agent or the Required Lenders shall reasonably request; 
 (vii) Intentionally Omitted 

(viii) a certificate in the form of Exhibit 3.1(b)(viii), dated the Closing Date and signed by a Responsible
Officer, certifying that (x) no Default or Event of Default exists, (y) all representations and warranties of each Loan Party set forth in the Loan Documents are true and correct and (z) since the date of the financial statements of
the Borrower described in Section 4.4, there shall have been no change which has had or could reasonably be expected to have a Material Adverse Effect; 
 (ix) certified copies of all consents, approvals, authorizations, registrations and filings and orders required or advisable
to be made or obtained under any Requirement of Law, or by any Contractual Obligation of each Loan Party, in connection with the execution, delivery, performance, validity and enforceability of the Loan Documents or any of the transactions
contemplated thereby, and such consents, approvals, authorizations, registrations, filings and orders shall be in full force and effect and all applicable waiting periods shall have expired, and no investigation or inquiry by any governmental
authority regarding the Commitments or any transaction being financed with the proceeds thereof shall be ongoing; 
 (x) copies of (A) the internally prepared quarterly financial statements of Borrower and its Subsidiaries on a consolidated basis for the Fiscal Quarter ending on September 30, 2006, and (B) the audited consolidated financial
statements for Borrower and its Subsidiaries for the Fiscal Years ended 2003, 2004 and 2005; 
 (xi) duly
executed Security Agreement, together with (A) UCC financing statements and other applicable documents under the laws of the jurisdictions with respect to the perfection of the Liens granted under the Security Agreement, as requested by the
Administrative Agent in order to perfect such Liens, duly executed by the Borrower and the Subsidiary Loan Parties, (B) copies of favorable UCC search reports in all necessary or appropriate jurisdictions and under all legal names of the
Borrower and the Subsidiary Loan Parties requested by the Lenders, indicating that there are no prior Liens on any of the Collateral other than Liens in favor of the Administrative Agent and Permitted Encumbrances and (C) a Perfection
Certificate duly completed and executed by the Borrower; 
 (xii) duly executed Control Account Agreements with
each bank (other than SunTrust Bank) that maintains deposit accounts and Blocked Accounts with average deposits in excess of $2,000,000 in the aggregate and each securities intermediary that maintains investment accounts, on behalf of any Loan Party
on the Closing Date; 
 (xiii) the duly executed Pledge Agreements or assignments and amendments (in form and
substance satisfactory to Administrative Agent) to Pledge Agreements executed

  

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in connection with the Existing Credit Agreement, together with (A) original stock certificates evidencing the issued and outstanding shares of capital stock pledged to the Administrative
Agent to the Pledge Agreement, (B) stock powers or other appropriate instruments of transfer executed in blank and (C) all pledged notes; and 
 (xiv) certificates of insurance, in form and detail acceptable to the Administrative Agent, describing the types and amounts of insurance (property and liability) covering any of the tangible insurable
Collateral maintained by the Loan Parties, in each case naming the Administrative Agent as loss payee (with respect to the Pasadena and Sauget plants, the Richmond, Virginia headquarters and the Borrower’s and its Domestic Restricted
Subsidiaries’ research and development facilities) or additional insured, as the case may be, together with a lender’s loss payable endorsement in form and substance satisfactory to the Administrative Agent. 
 Section 3.2. Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing and of the
Issuing Bank to issue, amend, renew or extend any Letter of Credit is subject to the satisfaction of the following conditions: 
 (a) at the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no Default or Event of Default shall exist; 
 (b) at the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of
Credit, as applicable, all representations and warranties shall continue to be true and correct in all material respects on and as of that funding date to the same extent as though made on and as of that date, except to the extent such
representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true, correct and complete in all material respects on and as of such earlier date; provided, that, if a
representation and warranty is qualified as to materiality, with respect to such representation and warranty the materiality qualifier set forth above shall be disregarded for purposes of this condition; 
 (c) the Borrower shall have delivered the required Notice of Borrowing; and 
 (d) the Administrative Agent shall have received such other documents, certificates, information or legal opinions as the Administrative
Agent or the Required Lenders may reasonably request, all in form and substance reasonably satisfactory to the Administrative Agent or the Required Lenders. 
 Each Borrowing and each issuance, amendment, extension or renewal of any Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters
specified in paragraphs (a) and (b) of this Section 3.2. 
 Section 3.3. Delivery of
Documents. All of the Loan Documents, certificates, legal opinions and other documents and papers referred to in this Article III, unless otherwise specified, shall be delivered to the Administrative Agent for the account of each of
the Lenders and,

  

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except for the Notes, in sufficient counterparts or copies for each of the Lenders and shall be in form and substance satisfactory in all respects to the Administrative Agent. 
 Section 3.4. Effect of Amendment and Restatement. Upon this Agreement becoming effective pursuant to Section 3.1,
from and after the Closing Date: all terms and conditions of the Existing Credit Agreement and any other “Loan Document” as defined therein, as amended and restated by this Agreement and the other Loan Documents being executed and
delivered on the Closing Date, shall be and remain in full force and effect, as so amended and restated, and shall constitute the legal, valid, binding and enforceable obligations of the Credit Parties party thereto to Lenders and Administrative
Agent; (a) the terms and conditions of the Existing Credit Agreement shall be amended and restated as set forth herein and, as so amended and restated, shall be amended and restated in their entirety, but shall be amended and restated only with
respect to the rights, duties and obligations among Borrower, Lenders and Administrative Agent accruing from and after the Closing Date; (b) this Agreement shall not in any way release or impair the rights, duties, Obligations or Liens created
pursuant to the Existing Credit Agreement or any other Loan Document or affect the relative priorities thereof, in each case to the extent in force and effect thereunder as of the Closing Date, except as modified hereby or by documents, instruments
and agreements executed and delivered in connection herewith, and all of such rights, duties, Obligations and Liens are assumed, ratified and affirmed by the Borrower; (c) all indemnification obligations of the Loan Parties under the Existing
Credit Agreement and any other Loan Documents shall survive the execution and delivery of this Agreement and shall continue in full force and effect for the benefit of Lenders, Administrative Agent, and any other Person indemnified under the
Existing Credit Agreement or any other Loan Document at any time prior to the Closing Date; (d) the Obligations incurred under the Existing Credit Agreement shall, to the extent outstanding on the Closing Date, continue outstanding under this
Agreement and shall not be deemed to be paid, released, discharged, extinguished or otherwise satisfied by the execution of this Agreement, and this Agreement shall not constitute a refinancing, substitution or novation of such Obligations or any of
the other rights, duties and obligations of the parties hereunder; (e) the execution, delivery and effectiveness of this Agreement shall not operate as a waiver of any right, power or remedy of Lenders or Administrative Agent under the Existing
Credit Agreement, nor constitute a waiver of any covenant, agreement or obligation under the Existing Credit Agreement, except to the extent that any such covenant, agreement or obligation is no longer set forth herein or is modified hereby;
(f) any and all references in the Loan Documents to the Existing Credit Agreement shall, without further action of the parties, be deemed a reference to the Existing Credit Agreement, as amended and restated by this Agreement, and as this
Agreement shall be further amended or amended and restated from time to time hereafter and (g) any and all references in the Loan Documents to the “Closing Date” shall, without further action of the parties, be deemed a reference to
the Original Closing Date. 
 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 The Borrower represents and
warrants to the Administrative Agent and each Lender as follows: 
 Section 4.1. Existence; Power. The
Borrower and each of its Restricted Subsidiaries (i) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (ii) has all
requisite power and authority to carry on its business as now conducted, and (iii) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified
could not reasonably be expected to result in a Material Adverse Effect. 
  

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 Section 4.2. Organizational Power; Authorization. The execution,
delivery and performance by each Loan Party of the Loan Documents to which it is a party are within such Loan Party’s organizational powers and have been duly authorized by all necessary organizational, and if required, shareholder, partner or
member, action. This Agreement has been duly executed and delivered by the Borrower, and constitutes, and each other Loan Document to which any Loan Party is a party, when executed and delivered by such Loan Party, will constitute, valid and binding
obligations of the Borrower or such Loan Party (as the case may be), enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws
affecting the enforcement of creditors’ rights generally and by general principles of equity. 
 Section 4.3.
Governmental Approvals; No Conflicts. The execution, delivery and performance by the Borrower of this Agreement, and by each Loan Party of the other Loan Documents to which it is a party (a) do not require any consent or
approval of, registration or filing with, or any action by, any Governmental Authority, except those as have been obtained or made and are in full force and effect, (b) will not violate any Requirements of Law applicable to the Borrower or any
of its Restricted Subsidiaries or any judgment, order or ruling of any Governmental Authority, (c) will not violate or result in a default under any material indenture, material agreement or other material instrument binding on the Borrower or
any of its Restricted Subsidiaries or any of its assets or give rise to a right thereunder to require any payment to be made by the Borrower or any of its Restricted Subsidiaries and (d) will not result in the creation or imposition of any Lien
on any asset of the Borrower or any of its Restricted Subsidiaries, except Liens (if any) created under the Loan Documents. 
 Section 4.4. Financial Statements. The Borrower has furnished to each Lender (i) the audited consolidated balance sheet of the Borrower and its Subsidiaries as of December 31, 2005 and the related
consolidated statements of income, shareholders’ equity and cash flows for the Fiscal Year then ended prepared by Pricewaterhouse Coopers LLP and (ii) the unaudited consolidated balance sheet of the Borrower and its Subsidiaries as of
September 30, 2006, and the related unaudited consolidated statements of income and cash flows for the Fiscal Quarter and year-to-date period then ending, certified by a Responsible Officer. Such financial statements fairly present in all
material respects the consolidated financial condition of the Borrower and its Subsidiaries as of such dates and the consolidated results of operations for such periods in conformity with GAAP consistently applied, subject to year end audit
adjustments and the absence of footnotes in the case of the statements referred to in clause (ii). Since December 31, 2005, there have been no changes with respect to the Borrower and its Subsidiaries which have had or could reasonably be
expected to have, singly or in the aggregate, a Material Adverse Effect. 
  

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 Section 4.5. Litigation and Environmental Matters. 
 (a) No litigation, investigation or proceeding of or before any arbitrators or Governmental Authorities is pending against or, to the
knowledge of a Responsible Officer of the Borrower, threatened against or affecting the Borrower or any of its Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination that could reasonably be expected to have,
either individually or in the aggregate, a Material Adverse Effect or (ii) which in any manner draws into question the validity or enforceability of this Agreement or any other Loan Document. 
 (b) Except as set forth on Schedule 4.5, neither the Borrower nor any of its Subsidiaries (i) has failed to comply with any
Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received notice of any claim with respect
to any Environmental Liability or (iv) knows of any basis for any Environmental Liability, in each case which could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 
 Section 4.6. Compliance with Laws and Agreements. Except where non-compliance, either singly or in the aggregate, could
not reasonably be expected to result in a Material Adverse Effect, the Borrower and each Restricted Subsidiary is in compliance with (a) all Requirements of Law and all judgments, decrees and orders of any Governmental Authority and
(b) all indentures, agreements or other instruments binding upon it or its properties,. 
 Section 4.7.
Investment Company Act, Etc. Neither the Borrower nor any of its Subsidiaries is (a) an “investment company” or is “controlled” by an “investment company”, as such terms are defined in, or subject to
regulation under, the Investment Company Act of 1940, as amended or (b) otherwise subject to any other regulatory scheme limiting its ability to incur debt or requiring any approval or consent from or registration or filing with, any
Governmental Authority in connection therewith. 
 Section 4.8. Taxes. The Borrower and its Restricted
Subsidiaries and each other Person for whose taxes the Borrower or any Restricted Subsidiary could become liable have timely (taking into account valid extensions of the time for filing) filed or caused to be filed all Federal income tax returns and
all other material tax returns that are required to be filed by them, and have paid all taxes shown to be due and payable on such returns or on any assessments made against it or its property and all other taxes, fees or other charges imposed on it
or any of its property by any Governmental Authority, except where the same are currently being contested in good faith by appropriate proceedings and for which the Borrower or such Restricted Subsidiary, as the case may be, has set aside on its
books adequate reserves in accordance with GAAP. The charges, accruals and reserves on the books of the Borrower and its Restricted Subsidiaries in respect of such taxes are adequate, and no tax liabilities that could be materially in excess of the
amount so provided are anticipated. 
 Section 4.9. Margin Regulations. None of the proceeds of any of the
Loans or Letters of Credit will be used, directly or indirectly, for “purchasing” or “carrying” any “margin stock” with the respective meanings of each of such terms under Regulation U of the Board of

  

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Governors of the Federal Reserve System as now and from time to time hereafter in effect or for any purpose that violates the provisions of the Regulation U. Neither the Borrower nor its
Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying “margin stock.” 
 Section 4.10. ERISA. 
 (a) No ERISA Event or similar events in respect of any Foreign Plans has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events and similar events in
respect of any Foreign Plans for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The present value of all accumulated benefit obligations of all underfunded Plans (based on the
assumptions used for purposes of Statement of Financial Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair market value of the assets of all such underfunded Plans, in each
case by an amount in excess of $30,000,000 (excluding any benefit obligations that cannot be funded under applicable law). 
 (b) As of the date hereof, the Borrower and its Subsidiaries have made full payment when due of all required contributions to any Foreign Plan, except where such failure to make full payment has not resulted in and could not reasonably be
expected to result in a Material Adverse Effect. 
 Section 4.11. Ownership of Property. 
 (a) Borrower and its Restricted Subsidiaries has good title to, or valid leasehold interests in, all of its real and personal property
material to the operation of its business, including all such properties reflected in the most recent audited consolidated balance sheet of the Borrower referred to in Section 4.4 (or the most recent financial statements delivered
pursuant to Section 5.1(a)) or purported to have been acquired by any Loan Party after said date (except as sold or otherwise disposed of in the ordinary course of business or as otherwise permitted by Section 7.6 of this
Agreement), in each case free and clear of Liens prohibited by this Agreement. All leases that individually or in the aggregate are material to the business or operations of the Borrower and its Restricted Subsidiaries are valid and subsisting and
are in full force. 
 (b) Borrower and its Restricted Subsidiaries owns, or is licensed, or otherwise has the right, to use,
all patents, trademarks, service marks, trade names, copyrights and other intellectual property material to its business, and the use thereof by the Borrower and its Restricted Subsidiaries does not infringe in any material respect on the rights of
any other Person, except, in each case, where the failure to so own, license or have the right to use or such infringement could reasonably be expected to have a Material Adverse Effect. 
 (c) The properties of the Loan Parties are insured with financially sound and reputable insurance companies which are not Affiliates of the
Borrower, 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 Borrower or any applicable Loan Party operates.

  

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 Section 4.12. Disclosure. The Borrower has disclosed to the Lenders all
agreements, instruments, and corporate or other restrictions to which any Loan Party is subject, and all other matters known to any of them (other than matters of a general economic nature), that, individually or in the aggregate, could reasonably
be expected to result in a Material Adverse Effect. Neither the Information Memorandum nor any of the reports (including without limitation all reports that the Borrower is required to file with the Securities and Exchange Commission), financial
statements, certificates or other information furnished by or on behalf of the Borrower to the Administrative Agent or any Lender in connection with the negotiation or syndication of this Agreement or any other Loan Document or delivered hereunder
or thereunder (as modified or supplemented by any other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, taken as a whole, in light of the
circumstances under which they were made, not misleading. All projections from time to time delivered on or prior to the Closing Date or hereunder are or will be based upon the estimates and assumptions stated therein, all of which the Borrower
believed at the time of delivery to be reasonable and fair in light of current conditions and current facts known to the Responsible Officers of the Borrower as of such delivery date, and reflect the Borrower’s good faith and reasonable
estimates of the future financial performance of Borrower and of the other information projected therein for the period set forth therein. Such projections are not a guaranty of future performance and actual results may differ from those set forth
in such projections. 
 Section 4.13. Labor Relations. There are no strikes, lockouts or other material labor
disputes or grievances against the Borrower or any of its Restricted Subsidiaries, or, to the knowledge of a Responsible Officer of the Borrower, threatened against or affecting the Borrower or any of its Restricted Subsidiaries, and no significant
unfair labor practice, charges or grievances are pending against the Borrower or any of its Restricted Subsidiaries, or to the knowledge of a Responsible Officer of the Borrower threatened against any of them before any Governmental Authority. All
payments due from the Borrower or any of its Restricted Subsidiaries pursuant to the provisions of any collective bargaining agreement have been paid or accrued as a liability on the books of the Borrower or any such Restricted Subsidiary, except
where the failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 Section 4.14.
Subsidiaries. Schedule 4.14 sets forth the name of, the ownership interest of the Borrower in, the jurisdiction of incorporation or organization of, and the type of, each Subsidiary and identifies each Subsidiary that is a
Subsidiary Loan Party, in each case as of the Closing Date. 
 Section 4.15. Solvency. After giving effect to
the execution and delivery of the Loan Documents, the making of the Loans under this Agreement, the Borrower, and the Borrower and its Restricted Subsidiaries, on a consolidated basis, are on the Closing Date (after taking into account all rights of
contribution and indemnity arising under the Loan Documents or otherwise) Solvent. 
 Section 4.16. OFAC. No
Loan Party (i) is a person whose property or interest in property is blocked or subject to blocking pursuant to Section 1 of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who
Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), (ii) engages in any dealings or transactions prohibited by Section 2 of such executive order, or is otherwise associated

  

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with any such person in any manner violative of Section 2, or (iii) is a person on the list of Specially Designated Nationals and Blocked Persons or subject to the limitations or
prohibitions under any other U.S. Department of Treasury’s Office of Foreign Assets Control regulation or executive order. 
 Section 4.17. Patriot Act. Each Loan Party is in compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States
Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (ii) the Uniting And Strengthening America By Providing Appropriate Tools Required To Intercept And
Obstruct Terrorism (USA Patriot Act of 2001). No part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for
political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended. 
 Section 4.18. Security Documents. 
 (a) The Pledge Agreements are effective to create in favor of the Administrative Agent, for the ratable benefit of the Lenders, a legal, valid and enforceable security interest in the Collateral (as
defined in the Pledge Agreements) and, when such Collateral is delivered to the Administrative Agent, the Pledge Agreements shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the pledgor thereunder
in such Collateral, in each case prior and superior in right to any other Person. 
 (b) (i) The Security Agreement is
effective to create in favor of the Administrative Agent, for the ratable benefit of the Lenders, a legal, valid and enforceable security interest in the Collateral (as defined in the Security Agreement) and, (ii) when financing statements in
appropriate form are filed in the offices specified on Schedule 2 to the Perfection Certificate, the Security Agreement shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the grantors thereunder in
such Collateral (other than the Intellectual Property (as defined in the Security Agreement)) in which a security interest can be perfected by filing, in each case prior and superior in right to any other Person, other than with respect to Liens
expressly permitted by Section 7.2. 
 (c) When the filings in clause (b)(ii) above are made and when the Patent
Security Agreement and Trademark Security Agreement filed in the United States Patent and Trademark Office and the Copyright Security Agreement is filed in the United States Copyright Office, the Security Agreement shall constitute a fully perfected
Lien on, and security interest in, all right, title and interest of the Loan Parties in the Intellectual Property (as defined in the U.S. Security Agreement) in which a security interest may be perfected by filing, recording or registering a
security agreement, financing statement or analogous document in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, in each case prior and superior in right to any other Person. 
 (d) Any Amendment to Mortgage, when duly executed and delivered by the relevant Loan Party, will be effective to create, subject to the
exceptions listed in each title

  

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insurance policy covering such Mortgage, in favor of the Administrative Agent, for the ratable benefit of the Lenders, a legal, valid and enforceable Lien on all of the Loan Parties’ right,
title and interest in and to the Mortgaged Properties thereunder and the proceeds thereof, and when the Mortgages constitute a Lien on, and security interest in, all right, title and interest of the Loan Parties in such Mortgaged Properties and the
proceeds thereof, in each case prior and superior in right to any other Person, other than with respect to the rights of Persons pursuant to Liens expressly permitted by Section 7.2. 
 (e) No Mortgage encumbers improved real property that is located in an area that has been identified by the Secretary of Housing and Urban
Development as an area having special flood hazards and in which flood insurance has been made available under the National Flood Insurance Act of 1968. 
 ARTICLE V 
 AFFIRMATIVE COVENANTS 
 The Borrower covenants and agrees that so long as any Lender has a Commitment hereunder or any Obligation (other than Unasserted
Obligations) remains unpaid or outstanding: 
 Section 5.1. Financial Statements and Other Information. The
Borrower will deliver to the Administrative Agent and each Lender: 
 (a) as soon as available and in any event within 90 days
after the end of each Fiscal Year of Borrower, a copy of the annual audited report for such Fiscal Year for the Borrower and its Subsidiaries, containing a consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such Fiscal
Year and the related consolidated statements of income, stockholders’ equity and cash flows (together with all footnotes thereto) of the Borrower and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form the
figures for the previous Fiscal Year, all in reasonable detail and reported on by Pricewaterhouse Coopers LLP or other independent public accountants of nationally recognized standing (without a “going concern” or like qualification,
exception or explanation and without any qualification or exception as to scope of such audit) to the effect that such financial statements present fairly in all material respects the financial condition and the results of operations of the Borrower
and its Subsidiaries for such Fiscal Year on a consolidated basis in accordance with GAAP and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted
auditing standards; 
 (b) as soon as available and in any event within 45 days after the end of each Fiscal Quarter of the
Borrower, an unaudited consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such Fiscal Quarter and the related unaudited consolidated statements of income and cash flows of the Borrower and its Subsidiaries for such
Fiscal Quarter and the then elapsed portion of such Fiscal Year, setting forth in each case in comparative form the figures for the corresponding quarter (subject to changes resulting from audit and normal year-end adjustment) and the corresponding
portion of Borrower’s previous Fiscal Year; 
  

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 (c) concurrently with the delivery of the financial statements referred to in clauses
(a) and (b) above, a Compliance Certificate signed by the chief executive officer and the principal financial officer of the Borrower; 
 (d) concurrently with the delivery of the financial statements referred to in clause (a) above, a certificate of the accounting firm that reported on such financial statements stating whether they
obtained any knowledge during the course of their examination of such financial statements of any Default or Event of Default (which certificate may be limited to the extent required by accounting rules or guidelines); 
 (e) concurrently with the delivery of the financial statements referred to in clause (b) above for second and fourth Fiscal Quarters
of each year, a certificate of the principal financial officer or the general counsel of Borrower detailing (i) any change in (A) any Loan Party’s chief executive office or (B) any office in which it maintains books or records
relating to Collateral owned by it in excess of $1,000,000 or any office or facility at which Collateral in excess of $1,000,000 owned by it is located, (ii) any change in any Loan Party’s federal taxpayer identification number or
organizational number and (iii) the Borrower’s or any Guarantor’s acquisition of any material Intellectual Property during such preceding two Fiscal Quarter period; 
 (f) promptly after the same become publicly available, copies of all regular and periodic reports and all registration statements (other
than on Form S-8 or a similar form) prospectuses and press releases filed with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all functions of said Commission, or with any national securities exchange, or
distributed by the Borrower to its shareholders generally, as the case may be; and 
 (g) promptly following any request
therefor, such other information regarding the results of operations, business affairs and financial condition of the Borrower or any Restricted Subsidiary as the Administrative Agent or any Lender may reasonably request. 
 So long as the Borrower is required to file periodic reports under Section 13(a) or Section 15(d) of the Securities Exchange Act
of 1934, as amended, Borrower may satisfy its obligation to deliver the financial statements referred to in clauses (a) and (b) and (f) above by delivering such documents by electronic mail to such e-mail addresses as the
Administrative Agent and Lenders shall have provided to Borrower from time to time or otherwise making such documents available via the Borrower’s web site. 
 Section 5.2. Notices of Material Events. The Borrower will furnish to the Administrative Agent and each Lender prompt written notice of the following: 
 (a) the occurrence of any Default or Event of Default; 
 (b) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or, to the knowledge of a Responsible Officer of the Borrower, affecting the
Borrower or any Restricted Subsidiary which, if adversely determined, could reasonably be expected to result in a Material Adverse Effect; 
  

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 (c) the occurrence of any event or any other development by which the Borrower or any of
its Subsidiaries (i) fails to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) becomes subject to any Environmental Liability,
(iii) receives notice of any claim with respect to any Environmental Liability, or (iv) becomes aware of any basis for any Environmental Liability and in each of the preceding clauses, which individually or in the aggregate, could
reasonably be expected to result in a Material Adverse Effect; 
 (d) the occurrence of any ERISA Event or similar event under
any Foreign Plan that alone, or together with any other ERISA Events or similar events under any Foreign Plan that have occurred, could reasonably be expected to result in liability of the Borrower and its Subsidiaries in an aggregate amount
exceeding $5,000,000; 
 (e) the occurrence of any event of default, or the receipt by Borrower or any of its Subsidiaries of
any written notice of an alleged event of default, respect of any Material Indebtedness of the Borrower or any of its Restricted Subsidiaries; 
 (f) any levy of an attachment, execution or other process against any of the property or assets, real or personal, of the Borrower or any of its Restricted Subsidiaries, which property and assets in the
aggregate have a book or market value in excess of $5,000,000; 
 (g) any loss, damage, or destruction to the Collateral in the
amount of $5,000,000 or more, either individually or in the aggregate, whether or not covered by insurance; 
 (h) any change
(i) in any Loan Party’s legal name or (ii) in any Loan Party’s jurisdiction of organization, in each case within thirty (30) days thereafter; and 
 (i) any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect. 
 Each notice delivered under this Section 5.2 shall be accompanied by a written statement of a Responsible Officer setting forth the details of
the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 
 Section 5.3. Existence; Conduct of Business. The Borrower will, and will cause each of its Restricted Subsidiaries to, do or cause to be done all things necessary to preserve, renew and maintain in full force and effect
its legal existence and its respective rights, licenses, permits, privileges, franchises, patents, copyrights, trademarks and trade names material to the conduct of its business and will continue to engage in the same business as presently conducted
or such other businesses that are reasonably related thereto; provided, that nothing in this Section 5.3 shall prohibit any merger, consolidation, liquidation or dissolution permitted under Section 7.3 or asset sale
permitted by Section 7.6; provided, further that neither the Borrower nor any Restricted Subsidiary shall be required to preserve any such rights, licenses, permits, privileges, franchises, patents, copyrights, trademarks
and trade names if the governing body of the Borrower or such Restricted Subsidiary should determine that the preservation thereof is no longer desirable in the conduct of the Borrower’s or such Restricted Subsidiary’s business.

  

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 Section 5.4. Compliance with Laws, Etc. The Borrower will, and will cause
each of its Restricted Subsidiaries to, comply with all laws, rules, regulations and requirements of any Governmental Authority applicable to its business and properties, including without limitation, all Environmental Laws, ERISA and OSHA, except
where the failure to do so, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 Section 5.5. Payment of Obligations. The Borrower will, and will cause each of its Restricted Subsidiaries to, pay and discharge at or before maturity, all of its obligations and
liabilities (including without limitation all taxes, assessments and other governmental charges, levies and all other claims that could result in a statutory Lien) before the same shall become delinquent or in default, except where (a) the
validity or amount thereof is being contested in good faith by appropriate proceedings, (b) the Borrower or such Restricted Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the
failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect. 
 Section 5.6. Books and Records. The Borrower will, and will cause each of its Restricted Subsidiaries to, keep proper books of record and account in which full, true and correct entries shall be made of all dealings and
transactions in relation to its business and activities to the extent necessary to prepare the consolidated financial statements of Borrower in conformity with GAAP. 
 Section 5.7. Visitation, Inspection, Etc. The Borrower will, and will cause each of its Restricted Subsidiaries to, permit any representative of the Administrative Agent or any Lender,
to visit and inspect its properties, to examine its books and records and to make copies and take extracts therefrom, and to discuss its affairs, finances and accounts with any of its officers and with its independent certified public accountants
(provided that, if no Event of Default has occurred and is continuing, Borrower may, if it chooses, be present and participate in any such discussions), all at such reasonable times during normal business hours and as often as the Administrative
Agent or any Lender may reasonably request after reasonable prior notice to the Borrower; provided, however, if an Event of Default has occurred and is continuing, no prior notice shall be required. 
 Section 5.8. Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Restricted Subsidiaries
to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain with financially sound and reputable insurance companies
(i) insurance with respect to its properties and business, and the properties and business of its Restricted Subsidiaries, against such casualties and contingencies and of such types and in such amounts as is customary in the case of similar
businesses operating in the same or similar locations and (b) all insurance required to be maintained pursuant to the Security Documents, and will, upon request of the Administrative Agent, furnish to each Lender at reasonable intervals (but no
more often than annually unless an Event of Default has occurred and is continuing) a certificate of a Responsible Officer of Borrower setting forth the nature and extent of all insurance maintained by Borrower and its Restricted Subsidiaries in
accordance with this Section, and (c) at all times shall name the Administrative Agent as additional insured on all liability insurance policies of the Borrower and its Restricted Subsidiaries and as loss payee (pursuant to the loss payee
endorsement approved by the

  

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Administrative Agent) on all casualty and property insurance policies of the Borrower and its Restricted Subsidiaries. 
 Section 5.9. Use of Proceeds and Letters of Credit. The Borrower will use the proceeds of all Loans to finance working
capital needs and for other general corporate purposes of the Borrower and its Restricted Subsidiaries, including acquisitions. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that would violate any
rule or regulation of the Board of Governors of the Federal Reserve System, including Regulations T, U or X. All Letters of Credit will be used for general corporate purposes. 
 Section 5.10. Casualty and Condemnation. Borrower will furnish to the Administrative Agent and the Lenders prompt written
notice of any casualty or other insured damage to any Collateral in excess of $5,000,000 or the commencement of any action or preceding for the taking of any material portion of any Collateral in excess of $5,000,000 or any part thereof or interest
therein under power of eminent domain or by condemnation or similar proceeding. 
 Section 5.11. Cash
Management. Borrower shall, and shall cause all Subsidiary Loan Parties to: 
 (a) establish and maintain all of their
domestic deposit and disbursement bank accounts (each, a “Blocked Account”) with the Administrative Agent, a Lender or with other financial institutions that (together with the applicable Loan Party) have executed and delivered to
the Administrative Agent Control Account Agreements with respect to all such accounts (other than payroll accounts, trust deposit accounts, withholding tax, employee benefit or other fiduciary deposits accounts, zero balance accounts and those
accounts which contain an average balance not in excess of $2,000,000 individually and in the aggregate), in form and substance reasonably acceptable to the Administrative Agent; each Blocked Account shall be a cash collateral account, with all
cash, checks and other similar items of payment in such account securing payment of the Obligations, and in which Borrower and each of its Subsidiaries shall have granted a Lien to Administrative Agent, on behalf of itself and Lenders; and

 (b) at any time after the occurrence and during the continuance of an Event of Default arising under Section 8.1(a),
(h) or (i), at the request of the Required Lenders, the Borrower will, and will cause each other Loan Party to, cause all payments constituting proceeds of accounts or other Collateral to be directed into lockbox accounts under agreements
in form and substance satisfactory to the Administrative Agent. 
 Section 5.12. Additional Subsidiaries. 

 (a) In the event that, subsequent to the Closing Date, any Person becomes a Domestic Restricted Subsidiary, whether pursuant
to an acquisition or otherwise, (x) the Borrower shall promptly notify the Administrative Agent and the Lenders of the creation or acquisition of such Domestic Restricted Subsidiary and (y) within twenty (20) Business Days thereafter,
the Borrower shall cause such Domestic Restricted Subsidiary (other than any Real Estate Subsidiary) (i) to join the Subsidiary Guaranty Agreement as a new Subsidiary Loan Party by executing and delivering to the Administrative Agent a
supplement to the Subsidiary Guaranty Agreement, (ii) to grant Liens in favor of the Administrative Agent in all of its

  

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personal property (excluding Capital Stock in any Person) by joining the Security Agreement, executing and delivering Copyright Security Agreement, Patent Security Agreement and Trademark
Security Agreement (as applicable) and to file, or at the request of the Administrative Agent to authorize the filing of, all such UCC financing statements or similar instruments required by the Administrative Agent to perfect Liens in favor of the
Administrative Agent and granted under any of the Loan Documents, (iii) if such Domestic Restricted Subsidiary owns Capital Stock in another Person, to become a party to a pledge agreement to pledge such Capital Stock (but only 65% of the
voting Capital Stock of a Foreign Subsidiary), and (iv) to deliver all such other documentation (including without limitation, lien searches, legal opinions, and certified organizational documents) and to take all such other actions as such
Restricted Subsidiary would have been required to deliver and take pursuant to Section 3.1 if such Restricted Subsidiary had been a Loan Party on the Closing Date. In addition, within twenty (20) Business Days after the date such
Person becomes a Domestic Restricted Subsidiary, the Borrower shall, or shall cause the Subsidiary (if it is a Domestic Subsidiary) owning such Person, to pledge all of the Capital Stock of such Person (other than any Real Estate Subsidiary) to the
Administrative Agent as security for the Obligations by executing and delivering a pledge agreement, in form and substance satisfactory to the Administrative Agent, and to deliver the original stock certificates evidencing such Capital Stock to the
Administrative Agent, together with appropriate stock powers executed in blank. 
 (b) In the event that, subsequent to the
Closing Date, any Person becomes a first tier Foreign Subsidiary of the Borrower or any Domestic Restricted Subsidiary, whether pursuant to an acquisition or otherwise, (x) the Borrower shall promptly notify the Administrative Agent and the
Lenders thereof and (y) no later than sixty (60) days after such Person becomes a first tier Foreign Subsidiary, or if the Administrative Agent determines in its sole discretion that the Borrower is working in good faith, such longer
period as the Administrative Agent shall permit not to exceed sixty (60) additional days, the Borrower shall, or shall cause its Domestic Restricted Subsidiary owning such Person to (i) pledge sixty-five percent (65%) of the voting
Capital Stock and one hundred percent (100%) of the non-voting Capital Stock owned by the Borrower or any Domestic Subsidiary, as applicable), to the Administrative Agent as security for the Obligations pursuant to a pledge agreement in form
and substance satisfactory to the Administrative Agent, (ii) to deliver the original stock certificates evidencing such pledged Capital Stock, together with appropriate stock powers executed in blank and (iii) to deliver all such other
documentation (including without limitation, lien searches, legal opinions, landlord waivers, and certified organizational documents) and to take all such other actions as Borrower or such Domestic Subsidiary would have been required to deliver and
take pursuant to Section 3.1 if such Foreign Subsidiary had been a Foreign Subsidiary on the Closing Date. 
 (c)
The Borrower agrees that, following the delivery of any Security Documents required to be executed and delivered by this Section 5.12, the Administrative Agent shall have a valid and enforceable, first priority perfected Lien on the
property required to be pledged pursuant to clause (a) and (b) above, free and clear of all Liens other than Permitted Encumbrances. All actions to be taken pursuant to this Section 5.12 shall be at the expense of the Borrower
or the applicable Loan Party, and shall be taken to the reasonable satisfaction of the Administrative Agent. 
  

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 Section 5.13. Further Assurances. Borrower will, and will cause each
Subsidiary Loan Party to, 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), which may be required under any applicable law, or which the Administrative Agent or the Required Lenders may reasonably request, to effectuate the transactions contemplated by the Loan Documents or to grant, preserve,
protect or perfect the Liens created by the Security Documents or the validity or priority of an such Lien, all at the expense of the Loan Parties. During the existence and continuance of an Event of Default, Borrower also agrees to 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. 
 Section 5.14. Post-Closing Covenants. 
 (a) Promptly (and in any event no later than 90 Business Days after the Closing Date or such later date approved by the Administrative Agent in its sole discretion not to exceed 180 days after the Closing
Date), the Administrative Agent shall have received duly executed Foreign Pledge Agreements with respect to Afton Chemical De Venezuela, C. A., Afton Chemical De Mexica, S.A. De C.V., Servicios Afton De Mexico, S.A. De C.V. and Afton Chemical China
Corporation Pte Ltd, and all opinions and other documents related thereto, in each case in form and substance reasonably satisfactory to Administrative Agent. 
 (b) Within 90 Business Days after the Closing Date (or such later date approved by the Administrative Agent in its sole discretion not to exceed 180 days after the Closing Date or except as otherwise
waived by the Administrative Agent), the Administrative Agent shall have received (i) duly executed bailee agreements for leased locations or other locations not owned by the Borrower or a Subsidiary Loan Party in fee simple in which Collateral
valued at over $1,000,000 is kept as of Closing and (ii) duly executed landlord waivers for leased locations or other locations not owned by the Borrower or a Subsidiary Loan Party in fee simple in which Collateral valued at over $1,000,000 is
kept as of Closing Date. 
 (c) Promptly (and in any event no later than 90 Business Days after the Closing Date or such later
date approved by the Administrative Agent in its sole discretion not to exceed 180 days after the Closing Date), the Administrative Agent shall have received a favorable written opinion of foreign counsel in favor of Administrative Agent with
respect to the amendments to Foreign Pledge Agreements in Brazil and such other matters governed by the laws of such jurisdiction regarding such security interests and Liens as Administrative Agent may reasonably request, in each case in form and
substance reasonably satisfactory to Administrative Agent. 
 (d) Promptly (and in any event no later than 30 Business Days
after the Closing Date or such later date approved by the Administrative Agent in its sole discretion not to exceed 30 days after the Closing Date), title updates covering all Real Estate owned by the Borrower in connection with the Sauget
(Illinois) and Pasadena (Texas) plants, the Richmond, Virginia headquarters and the Borrower’s and its Domestic Restricted Subsidiaries’ research and development facilities in Richmond, Virginia and duly executed endorsements to the
existing title insurance policies covering the Sauget and Richmond properties to bring forward their

  

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respective effective dates and an endorsement to the Pasadena, Texas title policy reflecting any new recorded instruments since the date of such title policy and (b) a duly executed
Environmental Indemnity with respect thereto. 
 (e) Promptly (and in any event no later than 30 Business Days after the
Closing Date or such later date approved by the Administrative Agent in its sole discretion not to exceed 30 days after the Closing Date), duly executed Copyright Security Agreements, Patent Security Agreements and Trademark Security Agreements.

 ARTICLE VI 
 FINANCIAL COVENANTS 
 The Borrower covenants and agrees that so
long as any Lender has a Commitment hereunder or any Obligation remains unpaid or outstanding: 
 Section 6.1.
Leverage Ratio. The Borrower and its Restricted Subsidiaries shall maintain on a consolidated basis a Leverage Ratio of no greater than (i) for each Fiscal Quarter ending on or prior to September 30, 2009, 3.50:1.0 and
(ii) 3.00:1.00 for each Fiscal Quarter thereafter. Compliance with this covenant shall be tested quarterly, measuring EBITDA on a rolling four Fiscal Quarter basis. 
 Section 6.2. Fixed Charge Coverage Ratio. The Borrower will maintain, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending December 31, 2006, a Fixed
Charge Coverage Ratio of not less than 1.25:1.0. 
 Section 6.3. Consolidated Net Worth The Borrower shall
maintain at the end of each Fiscal Quarter a Consolidated Net Worth of not less than an amount equal to the sum of (i) 80% of the Consolidated Net Worth as at December 31, 2005, plus (ii) 50% of Consolidated Net Income on a
cumulative basis for each preceding Fiscal Quarter, commencing with the Fiscal Quarter ending March 31, 2006; provided, that if Consolidated Net Income is negative in any Fiscal Quarter the amount added for such Fiscal Quarter shall be
zero and such negative Consolidated Net Income shall not reduce the amount of Consolidated Net Income added from any previous Fiscal Quarter; plus (iii) commencing December 31, 2005, 100% of the amount by which the Borrower’s
“total stockholders’ equity” is increased as a result of any public or private offering of common stock of the Borrower after the Closing Date. Promptly upon the consummation of such offering, the Borrower shall notify the
Administrative Agent in writing of the amount of such increase in “total stockholders’ equity”. 
 ARTICLE VII

 NEGATIVE COVENANTS 
 The Borrower covenants and agrees that so long as any Lender has a Commitment hereunder or any Obligation (other than Unasserted Obligations) remains outstanding: 
 Section 7.1. Indebtedness and Preferred Equity. The Borrower will not, and will not permit any of its Subsidiaries to,
create, incur, assume or suffer to exist any Indebtedness, except: 
 (a) Indebtedness created pursuant to the Loan Documents;

  

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 (b) Indebtedness of the Borrower and its Subsidiaries existing on the date hereof and set
forth on Schedule 7.1 and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof (immediately prior to giving effect to such extension, renewal or replacement) or shorten
the maturity or the weighted average life thereof; 
 (c) Indebtedness of the Borrower or any Subsidiary incurred to finance
the acquisition, construction or improvement of any fixed or capital assets, including Capital Lease Obligations, and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the
acquisition thereof; provided, that such Indebtedness is incurred prior to or within 90 days after such acquisition or the completion of such construction or improvements or extensions, renewals, and replacements of any such Indebtedness that do not
increase the outstanding principal amount thereof (immediately prior to giving effect to such extension, renewal or replacement) or shorten the maturity or the weighted average life thereof; provided further, that the aggregate principal amount of
such Indebtedness does not exceed $25,000,000; 
 (d) Borrower may become and remain liable with respect to Indebtedness to any
Subsidiary, and any Subsidiary (other than Investco) may become and remain liable with respect to Indebtedness to Borrower or any other Subsidiary (other than Investco); provided that all such intercompany Indebtedness owing to the Borrower
or any Subsidiary Loan Party shall be evidenced by a promissory note or other instrument, shall have been pledged to Administrative Agent pursuant to the Security Agreement and shall be subordinated in right of payment to the payment in full of the
Obligations pursuant to the terms of the applicable promissory notes or an intercompany subordination agreement; provided, further that the aggregate amount of all such intercompany Indebtedness owing by the Foreign Subsidiaries,
together with all Investments made by Borrower or any Domestic Subsidiary in Foreign Subsidiaries permitted under Section 7.4(g) shall not exceed $100,000,000 in the aggregate at any one time outstanding; 
 (e) Any Foreign Subsidiary may become and remain liable with respect to Indebtedness owed to any other Foreign Subsidiary; 
 (f) Guarantees by the Borrower of Indebtedness of any Subsidiary permitted hereunder and by any Subsidiary of Indebtedness permitted
hereunder of the Borrower or any other Subsidiary; 
 (g) Foreign Subsidiaries of Borrower may become and remain liable with
respect to other Indebtedness in an aggregate principal amount not to exceed $30,000,000 at any time outstanding; 
  

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 (h) Borrower and any Domestic Restricted Subsidiary of Borrower (other than Investco) may
become and remain liable with respect to other Indebtedness in an aggregate principal amount not to exceed $5,000,000 at any time outstanding; 
 (i) Indebtedness of any Person which becomes a Restricted Subsidiary after the date of this Agreement; provided, that such Indebtedness exists at the time that such Person becomes a Restricted
Subsidiary and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary and (ii) the aggregate principal amount of such Indebtedness permitted hereunder shall not exceed $25,000,000 outstanding at
any time; 
 (j) Borrower may become and remain liable with respect to unsecured Indebtedness evidenced by
(A) (x) the Senior Notes in an aggregate principal amount not to exceed $150,000,000 and (y) additional senior notes issued under the Senior Note Indenture in an aggregate principal amount not to exceed $25,000,000, pursuant to
documentation in form and substance satisfactory to Administrative Agent and (B) extensions, renewals and replacements of any such Indebtedness permitted by clause (A) above that do not increase the outstanding principal amount thereof
(immediately prior to giving effect to such extension, renewal or replacement) or shorten the maturity or the weighted average life thereof; 
 (k) Borrower and any Subsidiary Loan Party may become and remain liable with respect to Indebtedness arising under any unsecured guaranties of the Senior Notes; 
 (l) Real Estate Subsidiaries may incur Indebtedness with respect to the finance, acquisition, construction or improvement of real estate
development projects; provided, that such Indebtedness does not exceed $200,000,000 in the aggregate at one time outstanding; and 
 (m) Hedging Obligations permitted by Section 7.10. 
 Borrower will not, and will not permit any Subsidiary to, issue any
preferred stock or other preferred equity interests that (i) matures or is mandatorily redeemable pursuant to a sinking fund obligation or otherwise, (ii) is or may become redeemable or repurchaseable by Borrower or such Subsidiary at the
option of the holder thereof, in whole or in part or (iii) is convertible or exchangeable at the option of the holder thereof for Indebtedness or preferred stock or any other preferred equity interests described in this paragraph, on or prior
to, in the case of clause (i), (ii) or (iii), the first anniversary of the Revolving Commitment Termination Date. 
 Section 7.2. Negative Pledge. The Borrower will not, and will not permit any of its Restricted Subsidiaries to, create, incur, assume or suffer to exist any Lien on any of its assets or property now owned or hereafter
acquired or, except: 
 (a) Liens securing the Obligations, provided, however, that no Liens may secure Hedging
Obligations without securing all other Obligations on a basis at least pari passu with such Hedging Obligations and subject to the priority of payments set forth in Section 2.21 and Section 8.2(a) of this Agreement;

 (b) Permitted Encumbrances; 
  

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 (c) any Liens on any property or asset of the Borrower or any Restricted Subsidiary
existing on the Closing Date set forth on Schedule 7.2; provided, that such Lien shall not apply to any other property or asset of the Borrower or any Restricted Subsidiary; 
 (d) purchase money Liens upon or in any fixed or capital assets to secure the purchase price or the cost of construction or improvement of
such fixed or capital assets or to secure Indebtedness incurred solely for the purpose of financing the acquisition, construction or improvement of such fixed or capital assets (including Liens securing any Capital Lease Obligations);
provided, that (i) such Lien secures Indebtedness permitted by Section 7.1(c), (ii) such Lien attaches to such asset concurrently or within 90 days after the acquisition, improvement or completion of the construction
thereof; (iii) such Lien does not extend to any other asset; and (iv) the Indebtedness secured thereby does not exceed the cost of acquiring, constructing or improving such fixed or capital assets; 
 (e) Liens on any asset existing at the time of acquisition of such asset by Borrower or a Restricted Subsidiary of Borrower, or Liens to
secure the payment of all or any part of the purchase price of an asset upon the acquisition of such asset by Borrower or a Restricted Subsidiary of Borrower or to secure any Indebtedness permitted hereby incurred by Borrower or a Restricted
Subsidiary of Borrower at the time of or with ninety days after the acquisition of such asset, which Indebtedness is incurred for the purpose of financing all or any part of the purchase price thereof; provided, however, that the Lien shall apply
only to the asset so acquired and proceeds thereof; and provided further, that all such Liens do not in the aggregate secure Indebtedness in excess of $15,000,000 at any time; 
 (f) Liens on assets of a Person that becomes a direct or indirect Restricted Subsidiary of Borrower after the date of this Agreement,
provided, however, that such Liens exist at the time such Person becomes a Restricted Subsidiary of Borrower and are not created in anticipation thereof and, in any event, do not in the aggregate secure Indebtedness in excess of $10,000,000
at any time; 
 (g) Liens on the Capital Stock and/or assets of Real Estate Subsidiaries in connection with Indebtedness
permitted hereunder so long as, provided that such Liens attach only to the real property financed by such Indebtedness and or the Capital Stock and/or assets related to such real property of such Real Estate Subsidiaries, as the case may be;

 (h) other Liens securing Indebtedness permitted hereunder in an amount not to exceed $20,000,000 in the aggregate at any
time outstanding; and 
 (i) extensions, renewals, or replacements of any Lien referred to in paragraphs (a) through
(d) of this Section 7.2; provided, that the principal amount of the Indebtedness secured thereby is not increased and that any such extension, renewal or replacement is limited to the assets originally encumbered thereby.

 Section 7.3. Fundamental Changes. 
 (a) The Borrower will not, and will not permit any Restricted Subsidiary to, merge into or consolidate into any other Person, or permit any
other Person to merge into or consolidate with it, or sell, lease, transfer or otherwise dispose of (in a single transaction or a

  

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series of transactions) all or substantially all of its assets (in each case, whether now owned or hereafter acquired) or all or substantially all of the stock of any of its Subsidiaries (in each
case, whether now owned or hereafter acquired) or liquidate or dissolve; provided, that if at the time thereof and immediately after giving effect thereto, no Default or Event of Default shall have occurred and be continuing (i) the
Borrower or any Subsidiary may merge with each other if the Borrower is the surviving Person, (ii) any Subsidiary may merge into another Subsidiary; provided, that if any party to such merger is a Subsidiary Loan Party, the Subsidiary
Loan Party shall be the surviving Person, (iii) any Subsidiary may sell, transfer, lease or otherwise dispose of all or substantially all of its assets to the Borrower or to a Subsidiary Loan Party and (iv) any Subsidiary (other than a
Subsidiary Loan Party) may liquidate or dissolve if the Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Borrower and is not materially disadvantageous to the Lenders; provided, that any
such merger involving a Person that is not a wholly-owned Subsidiary immediately prior to such merger shall not be permitted unless also permitted by Section 7.4. 
 (b) The Borrower will not, and will not permit any of its Restricted Subsidiaries to, engage in any business other than businesses of the
type conducted by the Borrower and its Subsidiaries on the date hereof, real estate holding and/or development entities and businesses reasonably related thereto. 
 Section 7.4. Investments, Loans, Etc. The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person
that was not a wholly-owned Subsidiary prior to such merger), any common stock, evidence of indebtedness or other securities (including any option, warrant, or other right to acquire any of the foregoing) of, make or permit to exist any loans or
advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person (all of the foregoing being collectively called “Investments”), or purchase or otherwise acquire (in one
transaction or a series of transactions) any assets of any other Person that constitute a business unit, or create or form any Subsidiary, except: 
 (a) Investments (other than Permitted Investments) existing on the date hereof and set forth on Schedule 7.4 (including Investments in Subsidiaries); 
 (b) Permitted Investments and cash so long as, with respect to the Borrower or any Subsidiary Loan Party, all such investments are
maintained in a securities intermediary account which is maintained with the Administrative Agent or is otherwise subject to a Control Account Agreement or otherwise deposited in a deposit account in accordance with Section 5.11;

 (c) Guarantees constituting Indebtedness permitted by Section 7.1; 
 (d) investments made by the Borrower and its Restricted Subsidiaries in readily marketable securities, including Indebtedness or preferred
stock, rated “BBB” or higher from Standard & Poor’s Rating Services or “Baa3” or higher from Moody’s Investors Service, Inc., money market funds at least 95% of which constitute Permitted Investments of the
kinds described clauses (i) through (v) in the definition thereof, readily marketable securities and other liquid investments in diversified and publicly quoted mutual funds managed by nationally recognized investment firms;
provided that (i) upon any such investment, the Borrower or its

  

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Restricted Subsidiaries hold no more than 1% of the aggregate amount invested in any such fund, (ii) if outstanding Loans is greater than $1 and/or outstanding Letters of Credit exceed
$15,000,000, such investments may not exceed (A) $50,000,000 when the Leverage Ratio is greater than or equal to 2.0:1.0 and (B) $75,000,000 when the Leverage Ratio is less than 2.0:1.0 and (iii) all such investments are maintained in
a securities intermediary account which is subject to a Control Account Agreement; 
 (e) other investments made Borrower into
Investco and by Investco at any time when it is an Unrestricted Subsidiary, in an amount not to exceed $10,000,000 so long as all such investments are maintained with the Administrative Agent or in a securities intermediary account which is subject
to a Control Account Agreement; 
 (f) Borrower and any Subsidiary (other than Investco) may acquire assets (including Capital
Stock and Capital Stock of any wholly-owned Subsidiary formed in connection with any such acquisition, in each case, so long as such purchase of Capital Stock results in the formation of a wholly-owned Subsidiary); provided, that (a) no
Default or Event of Default shall have occurred and be continuing on the date thereof, nor would a Default or Event of Default result therefrom, and (b) after giving effect thereto Borrower’s Leverage Ratio shall be at least 0.25:1.0 less
than Leverage Ratio contained in Article VI for the most recent full Fiscal Quarter immediately preceding such date for which the relevant financial information has been delivered pursuant to Section 5.1(a) and (b);
provided, further that Borrower shall, and shall cause its Subsidiaries to, comply with the requirements of Section 5.12 with respect to each such acquisition that results in a Person becoming a Subsidiary; 
 (g) Borrower and any Subsidiary of Borrower (other than Investco) may make additional Investments in their respective Foreign Subsidiaries,
provided that, the amount of all such Investments constituting equity Investments together with the amount of all intercompany Indebtedness owing by all Foreign Subsidiaries permitted under Section 7.1(d) does not exceed
$100,000,000 in the aggregate at any one time outstanding; 
 (h) loans or advances to employees, officers or directors of the
Borrower or any Subsidiary in the ordinary course of business for travel, relocation and related expenses; 
 (i) Borrower and
its Subsidiaries may acquire Capital Stock in the ordinary course of business and consistent with past practices in connection with the satisfaction or enforcement of Indebtedness or claims due or owing to Borrower or such Subsidiary or as security
for any such Indebtedness or claim; 
 (j) Hedging Transactions permitted by Section 7.10; 
 (k) Investments in the Real Estate Subsidiaries not to exceed $25,000,000 in the aggregate at any time outstanding; and 
 (l) Other Investments which in the aggregate do not exceed $5,000,000 in any Fiscal Year. 
 Section 7.5. Restricted Payments. The Borrower will not, and will not permit its Restricted Subsidiaries to, declare or
make, or agree to pay or make, directly or indirectly, any

  

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dividend on any class of its stock, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, retirement, defeasance or other
acquisition of, any shares of common stock, Indebtedness subordinated to the Obligations of the Borrower or any Guarantee thereof or the Senior Notes or any options, warrants, or other rights to purchase such common stock or such Indebtedness,
whether now or hereafter outstanding (each, a “Restricted Payment”), except for (i) dividends payable by the Borrower solely in shares of any class of its common stock, (ii) Restricted Payments made by any Restricted
Subsidiary to the Borrower or to another Subsidiary, on at least a pro rata basis with any other shareholders if such Subsidiary is not wholly owned by the Borrower and other wholly owned Subsidiaries, (iii) cash dividends and distributions
paid on and redemptions and repurchases of the common stock of the Borrower; provided, for the purpose of this clause (iii) that no Default or Event of Default has occurred and is continuing at the time such dividend or distribution is
paid or redemption is made, (iv) the Borrower may make regularly scheduled payments of interest in respect of the Senior Notes in accordance with the terms of, and only to the extent required by Senior Notes Indenture or other agreement
pursuant to which such Senior Notes were issued, and (v) the Borrower may refinance or replace the Senior Notes (or defease all or any portion of the Senior Notes in connection with such refinancing or replacement) so long as the principal
amount thereof is not increased in an amount exceeding the principal amount thereof permitted by Section 7.1(j) or shorten the maturity or the weighted average life thereof. 
 Section 7.6. Sale of Assets. The Borrower will not, and will not permit any of its Restricted Subsidiaries to, convey,
sell, lease, assign, transfer or otherwise dispose of, any of its assets, business or property, whether now owned or hereafter acquired, or, in the case of any Restricted Subsidiary, issue or sell any shares of such Restricted Subsidiary’s
common stock to any Person other than the Borrower or a Subsidiary Loan Party, except: 
 (a) the sale or other disposition for
fair market value of obsolete or worn out property or other property not necessary for operations disposed of in the ordinary course of business; 
 (b) the sale of inventory and Permitted Investments in the ordinary course of business; 
 (c) the sale or other disposition of such assets in an aggregate amount not to exceed $10,000,000 in the aggregate during the term of this Agreement; 
 (d) in order to resolve disputes that occur in the ordinary course of business, Borrower and any Restricted Subsidiary of Borrower may discount or otherwise compromise for less than the face value
thereof, notes or accounts receivable; 
 (e) Borrower or any Restricted Subsidiary may sell or dispose of shares of Capital
Stock of any of its Subsidiaries in order to qualify members of the Governing Body of the Subsidiary if required by applicable law; and 
 (f) Sale/Leaseback Transactions permitted under Section 7.9. 
  

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 Section 7.7. Transactions with Affiliates. The Borrower will not, and
will not permit any of its Restricted Subsidiaries to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its
Affiliates, except (a) in the ordinary course of business at prices and on terms and conditions not less favorable to the Borrower or such Restricted Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties,
(b) transactions between or among the Borrower and any Subsidiary Loan Party not involving any other Affiliates, (c) any Restricted Payment permitted by Section 7.5, (d) indemnification payments to officers and/or
directors, (e) normal compensation, expense, reimbursement and other benefit arrangements for officers and directors and (f) reasonable and customary fees paid to members of the governing bodies of Borrower and its Subsidiaries .

 Section 7.8. Restrictive Agreements. The Borrower will not, and will not permit any Restricted Subsidiary
to, directly or indirectly, enter into, incur or permit to exist any agreement that prohibits, restricts or imposes any condition upon (a) the ability of the Borrower or any Restricted Subsidiary to create, incur or permit any Lien upon any of
its assets or properties, whether now owned or hereafter acquired, or (b) the ability of any Restricted Subsidiary to pay dividends or other distributions with respect to its common stock, to make or repay loans or advances to the Borrower or
any other Restricted Subsidiary, to Guarantee Indebtedness of the Borrower or any other Restricted Subsidiary or to transfer any of its property or assets to the Borrower or any Restricted Subsidiary of the Borrower; provided, that
(i) the foregoing shall not apply to restrictions or conditions imposed by law or by this Agreement or any other Loan Document or the Senior Note Documents, (ii) the foregoing shall not apply to customary restrictions and conditions
contained in agreements relating to (A) the sale of a Restricted Subsidiary pending such sale, provided such restrictions and conditions apply only to the Restricted Subsidiary that is sold and such sale is permitted hereunder or (B) any
asset sale permitted by Section 7.6 hereof, provided such restrictions and conditions apply only to such assets, (iii) clause (a) shall not apply to restrictions or conditions imposed by any agreement relating to secured
Indebtedness permitted by this Agreement if such restrictions and conditions apply only to the property or assets securing such Indebtedness and (iv) clause (a) shall not apply to customary provisions in leases and other contracts
restricting the assignment thereof. 
 Section 7.9. Sale and Leaseback Transactions. The Borrower will not,
and will not permit any of the Restricted Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereinafter
acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred (each, a “Sale/Leaseback Transaction”), unless at the
time such Sale/Leaseback Transaction is entered into (a) no Default or Event of Default has occurred and is continuing, (b) after giving pro forma effect to such Sale/Leaseback Transaction, the Borrower is in compliance with the financial
covenants set forth in Article VI, (c) the Borrower has delivered a certificate to the Lenders certifying the conditions set forth in clauses (a) and (b) and setting forth in reasonable detail calculations demonstrating pro
forma compliance with the financial covenants set forth in Article VI and (d) the aggregate amount of all such Sale/Leaseback Transactions does not exceed $25,000,000. 
  

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 Section 7.10. Hedging Transactions. The Borrower will not, and will not
permit any of the Restricted Subsidiaries to, enter into any Hedging Transaction, other than Hedging Transactions entered into in the ordinary course of business to hedge or mitigate risks to which the Borrower or any Restricted Subsidiary is
exposed in the conduct of its business or the management of its liabilities. Solely for the avoidance of doubt, the Borrower acknowledges that a Hedging Transaction entered into for speculative purposes or of a speculative nature (which shall be
deemed to include any Hedging Transaction under which the Borrower or any Restricted Subsidiary is or may become obliged to make any payment (i) in connection with the purchase by any third party of any common stock or any Indebtedness or
(ii) as a result of changes in the market value of any common stock or any Indebtedness) is not a Hedging Transaction entered into in the ordinary course of business to hedge or mitigate risks. 
 Section 7.11. Amendment to Material Documents. The Borrower will not, and will not permit any of its Restricted
Subsidiaries to, amend, modify or waive any of its rights in a manner materially adverse to the Lenders under its certificate of incorporation, bylaws or other organizational documents. 
 Section 7.12. Accounting Changes. The Borrower will not, and will not permit any of its Restricted Subsidiaries to, make
any significant change in accounting treatment or reporting practices, except as required by GAAP, or change the fiscal year of the Borrower or of any of its Restricted Subsidiaries, except to change the fiscal year of a Restricted Subsidiary to
conform its fiscal year to that of the Borrower. 
 ARTICLE VIII 
 EVENTS OF DEFAULT 
 Section 8.1.
Events of Default. If any of the following events (each an “Event of Default”) shall occur: 
 (a)
the Borrower shall fail to pay any principal of any Loan or of any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment or
otherwise; or 
 (b) the Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an
amount payable under clause (a) of this Section 8.1) payable under this Agreement or any other Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of three
(3) Business Days; or 
 (c) any representation or warranty made or deemed made by or on behalf of the Borrower or any
Subsidiary in or in connection with this Agreement or any other Loan Document (including the Schedules attached thereto) and any amendments or modifications hereof or waivers hereunder, or in any certificate, report, financial statement or other
document submitted to the Administrative Agent or the Lenders by any Loan Party or any representative of

  

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any Loan Party pursuant to or in connection with this Agreement or any other Loan Document shall prove to be incorrect in any material respect when made or deemed made or submitted; or

 (d) the Borrower shall fail to observe or perform any covenant or agreement contained in Sections 5.3 (with respect
to the Borrower’s existence), 5.9 or Articles VI or VII; or 
 (e) any Loan Party shall fail to
observe or perform any covenant or agreement contained in this Agreement (other than those referred to in clauses (a), (b) and (d) above) or any other Loan Document, and such failure shall remain unremedied for 30 days after the earlier of
(i) any Responsible Officer of the Borrower becomes aware of such failure, or (ii) the Borrower shall have received notice thereof from the Administrative Agent; or 
 (f) any event of default (after giving effect to any grace period) shall have occurred and be continuing under the Senior Notes or any
Senior Note Document; or 
 (g) the Borrower or any Restricted Subsidiary (whether as primary obligor or as guarantor or other
surety) shall fail to pay any principal of, or premium or interest on, any Material Indebtedness that is outstanding, when and as the same shall become due and payable (whether at scheduled maturity, required prepayment, acceleration, demand or
otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument evidencing or governing such Indebtedness; or any other event shall occur or condition shall exist under any agreement or
instrument relating to such Indebtedness and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or permit the acceleration of, the maturity
of such Indebtedness; or any such Indebtedness shall be declared to be due and payable, or required to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption), purchased or defeased, or any offer to prepay,
redeem, purchase or defease such Indebtedness shall be required to be made, in each case prior to the stated maturity thereof; or 
 (h) the Borrower or any Material Restricted Subsidiary shall (i) commence a voluntary case or other proceeding or file any petition seeking liquidation, reorganization or other relief under any federal, state or foreign bankruptcy,
insolvency or other similar law now or hereafter in effect or seeking the appointment of a custodian, trustee, receiver, liquidator or other similar official of it or any substantial part of its property, (ii) consent to the institution of, or
fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (i) of this Section 8.1, (iii) apply for or consent to the appointment of a custodian, trustee, receiver, liquidator or other
similar official for the Borrower or any such Material Restricted Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a
general assignment for the benefit of creditors, or (vi) take any action for the purpose of effecting any of the foregoing; or 
 (i) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of the Borrower or any Material Restricted Subsidiary or its debts, or any
substantial part of its assets, under any federal, state or foreign bankruptcy, insolvency or other similar law now or hereafter in effect or (ii) the appointment of a custodian, trustee, receiver, liquidator or other similar official for the
Borrower or any Material Restricted Subsidiary or for a substantial part of its assets, and in any

  

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such case, such proceeding or petition shall remain undismissed for a period of 60 days or an order or decree approving or ordering any of the foregoing shall be entered; or 
 (j) the Borrower or any Material Restricted Subsidiary shall become unable to pay, shall admit in writing its inability to pay, or shall
fail to pay, its debts as they become due; or 
 (k) an ERISA Event or similar event with respect to any Foreign Plan shall
have occurred that, in the opinion of the Required Lenders, when taken together with other ERISA Events and similar events with respect to any Foreign Plan that have occurred, could reasonably be expected to result in liability to the Borrower and
the Subsidiaries in an aggregate amount exceeding $10,000,000; or 
 (l) any judgment or order for the payment of money in
excess of $5,000,000 individually or $10,000,000 (in either case not adequately covered by insurance as to which a solvent insurance company has affirmatively accepted coverage in writing) in the aggregate or which otherwise has a Material Adverse
Effect shall be rendered against the Borrower or any Restricted Subsidiary, and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be a period of 30 consecutive days
during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 
 (m) any non-monetary judgment or order shall be rendered against the Borrower or any Restricted Subsidiary that could reasonably be expected to have a Material Adverse Effect, and there shall be a period of 30 consecutive days during which
a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 
 (n)
any Security Documents shall be asserted by any Loan Party in writing not to be, a valid and perfected Lien on any Collateral with a value in excess of $1,000,000, with the perfection and priority required by the applicable Security Documents,
except as a result of (i) the Administrative Agent’s failure to take any action reasonably requested by Borrower in order to maintain a valid and perfected Lien on any such Collateral or (ii) any action taken by the Administrative
Agent to release any Lien on any such Collateral; 
 (o) a Change in Control shall occur or exist; or 
 (p) any provision of any Subsidiary Guaranty Agreement shall for any reason (other than in accordance with its terms) cease to be valid and
binding on, or enforceable against, any Subsidiary Loan Party which is a Material Restricted Subsidiary, or any Subsidiary Loan Party which is a Material Restricted Subsidiary shall so state in writing, or any Subsidiary Loan Party which is a
Material Restricted Subsidiary shall seek to terminate its Subsidiary Guaranty Agreement; 
 then, and in every such event (other than an event
with respect to the Borrower described in clause (g) or (h) of this Section 8.1) and at any time thereafter during the continuance of such event, the Administrative Agent may, and upon the written request of the Required
Lenders shall, by notice to the Borrower, take any or all of the following actions, at the same or different

  

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times: (i) terminate the Commitments, whereupon the Commitment of each Lender shall terminate immediately, (ii) declare the principal of and any accrued interest on the Loans, and all
other Obligations owing hereunder, to be, whereupon the same shall become, due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower, (iii) exercise all
remedies contained in any other Loan Document, and (iv) exercise any other remedies available at law or in equity; and that, if an Event of Default specified in either clause (g) or (h) shall occur, the Commitments shall automatically
terminate and the principal of the Loans then outstanding, together with accrued interest thereon, and all fees, and all other Obligations shall automatically become due and payable, without presentment, demand, protest or other notice of any kind,
all of which are hereby waived by the Borrower. 
 Section 8.2. Application of Proceeds from Collateral. All
proceeds from each sale of, or other realization upon, all or any part of the Collateral by the Administrative Agent or any of the Lenders after an Event of Default arises shall be applied as follows: 
 first, to the reimbursable expenses of the Administrative Agent incurred in connection with such sale or other realization upon the
Collateral, until the same shall have been paid in full; 
 second, to the fees and other reimbursable expenses of the
Administrative Agent, Swingline Lender and the Issuing Bank then due and payable pursuant to any of the Loan Documents, until the same shall have been paid in full; 
 third, to all reimbursable expenses, if any, of the Lenders then due and payable pursuant to any of the Loan Documents, until the same shall have been paid in full; 
 fourth, to the fees due and payable under Section 2.13(b) and (c) of the Credit Agreement and interest then due and
payable under the terms of the Credit Agreement, until the same shall have been paid in full; 
 fifth, to the aggregate
outstanding principal amount of the Revolving Loans, the LC Exposure and the Net Mark-to-Market Exposure of the Borrower and its Restricted Subsidiaries, to the extent owed to a Specified Hedge Provider and secured by Liens, until the same shall
have been paid in full, allocated pro rata among the Lenders and any Affiliates of Lenders that hold Net Mark-to-Market Exposure based on their respective pro rata shares of the aggregate amount of such Revolving Loans, LC Exposure and Net
Mark-to-Market Exposure; 
 sixth, to additional cash collateral for the aggregate amount of all outstanding Letters of
Credit until the aggregate amount of all cash collateral held by the Administrative Agent pursuant to this Agreement is at least 102% of the LC Exposure after giving effect to the foregoing clause fifth; and 
 to the extent any proceeds remain, to the Borrower. 
 All amounts allocated pursuant to the foregoing clauses third through fifth to the Lenders as a result of amounts owed to the Lenders under the Loan Documents shall be allocated among, and
distributed to, the Lenders pro rata based on their respective Pro Rata Shares; provided, however, that all amounts allocated to that portion of the LC Exposure comprised of the aggregate undrawn

  

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amount of all outstanding Letters of Credit pursuant to clause fifth and sixth shall be distributed to the Administrative Agent, rather than to the Lenders, and held by the
Administrative Agent in an account in the name of the Administrative Agent for the benefit of the Issuing Bank and the Lenders as cash collateral for the LC Exposure, such account to be administered in accordance with Section 2.22(g).

 ARTICLE IX 
 THE ADMINISTRATIVE AGENT 
 Section 9.1. Appointment of
Administrative Agent. 
 (a) Each Lender irrevocably appoints SunTrust Bank as the Administrative Agent and authorizes
it to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent under this Agreement and the other Loan Documents, together with all such actions and powers that are reasonably incidental thereto. The
Administrative Agent may perform any of its duties hereunder or under the other Loan Documents by or through any one or more sub-agents or attorneys-in-fact appointed by the Administrative Agent. The Administrative Agent and any such sub-agent or
attorney-in-fact may perform any and all of its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions set forth in this Article shall apply to any such subagent or attorney-in-fact and the
Related Parties of the Administrative Agent, any such sub-agent and any such attorney-in-fact and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as
Administrative Agent. 
 (b) The Issuing Bank shall act on behalf of the Lenders with respect to any Letters of Credit issued
by it and the documents associated therewith until such time and except for so long as the Administrative Agent may agree at the request of the Required Lenders to act for the Issuing Bank with respect thereto; provided, that the Issuing Bank shall
have all the benefits and immunities (i) provided to the Administrative Agent in this Article with respect to any acts taken or omissions suffered by the Issuing Bank in connection with Letters of Credit issued by it or proposed to be issued by
it and the application and agreements for letters of credit pertaining to the Letters of Credit as fully as if the term “Administrative Agent” as used in this Article included the Issuing Bank with respect to such acts or omissions and
(ii) as additionally provided in this Agreement with respect to the Issuing Bank. 
 Section 9.2. Nature of
Duties of Administrative Agent. The Administrative Agent shall not have any duties or obligations except those expressly set forth in this Agreement and the other Loan Documents. Without limiting the generality of the foregoing, (a) the
Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any
discretionary action or exercise any discretionary powers, except those discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing by the Required Lenders (or such
other

  

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number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.2), and (c) except as expressly set forth in the Loan Documents, the
Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Subsidiaries that is communicated to or obtained by the Administrative Agent or any
of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it, its sub-agents or attorneys-in-fact with the consent or at the request of the Required Lenders (or such other number or
percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.2) or in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall not be responsible for the
negligence or misconduct of any sub-agents or attorneys-in-fact selected by it with reasonable care. The Administrative Agent shall not be deemed to have knowledge of any Default or Event of Default unless and until written notice thereof (which
notice shall include an express reference to such event being a “Default” or “Event of Default” hereunder) is given to the Administrative Agent by the Borrower or any Lender, and the Administrative Agent shall not be responsible
for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any 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 and conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or
genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article III or elsewhere in any Loan Document, other than to confirm receipt of items expressly
required to be delivered to the Administrative Agent. The Administrative Agent may consult with legal counsel (including counsel for the Borrower) concerning all matters pertaining to such duties. 
 Section 9.3. Lack of Reliance on the Administrative Agent. Each of the Lenders, the Swingline Lender and the Issuing Bank
acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender 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 of the Lenders, the Swingline Lender and the Issuing Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has
deemed appropriate, continue to make its own decisions in taking or not taking of any action under or based on this Agreement, any related agreement or any document furnished hereunder or thereunder. 
 Section 9.4. Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the
Required Lenders with respect to any action or actions (including the failure to act) in connection with this Agreement, the Administrative Agent shall be entitled to refrain from such act or taking such act, unless and until it shall have received
instructions from such Lenders; and the Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Administrative Agent as
a result of the Administrative Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders where required by the terms of this Agreement. 
 Section 9.5. Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not
incur any liability for relying upon, any notice, request,

  

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certificate, consent, statement, instrument, document or other writing (including any electronic message, posting or other distribution) believed by it to be genuine and to have been signed, sent
or made by the proper Person. The Administrative Agent may also rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person and shall not incur any liability for relying thereon. The Administrative
Agent may consult with legal counsel (including counsel for the Borrower), independent public 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 such counsel,
accountants or experts. 
 Section 9.6. The Administrative Agent in its Individual Capacity. The bank serving
as the Administrative Agent shall have the same rights and powers under this Agreement and any other Loan Document in its capacity as a Lender as any other Lender and may exercise or refrain from exercising the same as though it were not the
Administrative Agent; and the terms “Lenders”, “Required Lenders”, “holders of Notes”, or any similar terms shall, unless the context clearly otherwise indicates, include the Administrative Agent in its individual
capacity. The bank acting as the Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the Borrower or any Subsidiary or Affiliate of the Borrower as if it were not the
Administrative Agent hereunder. 
 Section 9.7. Successor Administrative Agent. 
 (a) The Administrative Agent may resign at any time by giving notice thereof to the Lenders and the Borrower. Upon any such resignation, the
Required Lenders shall have the right to appoint a successor Administrative Agent, subject to the approval by the Borrower provided that no Default or Event of Default shall exist at such time. If no successor Administrative Agent shall have been so
appointed, and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Bank, appoint a successor
Administrative Agent, which shall be a commercial bank organized under the laws of the United States of America or any state thereof or a bank which maintains an office in the United States, having a combined capital and surplus of at least
$500,000,000. 
 (b) Upon the acceptance of its appointment as the Administrative Agent hereunder by a successor, such successor
Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations
under this Agreement and the other Loan Documents. If within 45 days after written notice is given of the retiring Administrative Agent’s resignation under this Section 9.7 no successor Administrative Agent shall have been appointed
and shall have accepted such appointment, then on such 45th day (i) the retiring Administrative Agent’s resignation shall become effective, (ii) the retiring Administrative Agent shall thereupon be discharged from its duties and
obligations under the Loan Documents and (iii) the Required Lenders shall thereafter perform all duties of the retiring Administrative Agent under the Loan Documents until such time as the Required Lenders appoint a successor Administrative
Agent as provided above. After any retiring Administrative Agent’s resignation hereunder, the provisions of this Article shall continue in effect for the benefit of such retiring Administrative Agent and its representatives and agents in

  

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respect of any actions taken or not taken by any of them while it was serving as the Administrative Agent. 
 Section 9.8. Authorization to Execute other Loan Documents. Each Lender hereby authorizes the Administrative Agent to execute on behalf of all Lenders all Loan Documents other than this
Agreement. 
 Section 9.9. Documentation Agent; Co-Syndication Agents. Each Lender hereby designates PNC
Bank, National Association as Documentation Agent and agrees that the Documentation Agent shall have no duties or obligations under any Loan Documents to any Lender or any Loan Party. Each Lender hereby designates General Electric Capital
Corporation and LaSalle Bank National Association as Co-Syndication Agents and agrees that the Co-Syndication Agents shall have no duties or obligations under any Loan Documents to any Lender or any Loan Party. 
 ARTICLE X 
 MISCELLANEOUS 
 Section 10.1. Notices. 
 (a) Written Notices. 
 (i) Except in the case of notices and other communications expressly permitted to be given by telephone, all notices and other communications to any party herein to be effective shall be in writing and
shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 
  

					
	 To the Borrower:
	 	NewMarket Corporation
		 	330 South 4th Street
		 	Richmond, Virginia 23219
		 	Attention:  David A. Fiorenza
		
	 To the Administrative Agent
 or Swingline Lender:
	 	SunTrust Bank
		 	303 Peachtree Street, N. E.
		 	Atlanta, Georgia 30308
		 	Attention:  Agency Services
		 	Telecopy Number:  (404) 658-4906

  

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	 With a copy to:
	 	SunTrust Bank
		 	Agency Services
		 	303 Peachtree Street, N. E./ 25th
Floor
		 	Atlanta, Georgia 30308
		 	Attention:  Ms. Dorris Folsom
		 	Telecopy Number:  (404) 658-4906
		
		 	and
		
		 	King & Spalding LLP
		 	1180 Peachtree Street, N.W.
		 	Atlanta, Georgia 30309
		 	Attention:  Carolyn Z. Alford
		 	Telecopy Number:  (404) 572-5100
		
	 To the Issuing Bank:
	 	SunTrust Bank
		 	25 Park Place, N. E./Mail Code 3706
		 	Atlanta, Georgia 30303
		 	Attention:  John Conley
		 	Telecopy Number:  (404) 588-8129
		
	 To the Swingline Lender:
	 	SunTrust Bank
		 	Agency Services
		 	303 Peachtree Street, N.E./25th 
Floor
		 	Atlanta, Georgia 30308
		 	Attention:  Ms. Dorris Folsom
		 	Telecopy Number:  (404) 658-4906
		
	 To any other Lender:
	 	 the address set forth in the Administrative
 Questionnaire or the Assignment and Acceptance
 Agreement executed by such
Lender


 Any party hereto may change its address or telecopy number for notices and other communications
hereunder by notice to the other parties hereto. All such notices and other communications shall, when transmitted by overnight delivery, or faxed, be effective when delivered for overnight (next-day) delivery, or transmitted in legible form by
facsimile machine, respectively, or if mailed, upon the third Business Day after the date deposited into the mail or if delivered, upon delivery; provided, that notices delivered to the Administrative Agent, the Issuing Bank or the Swingline Lender
shall not be effective until actually received by such Person at its address specified in this Section 10.1. 
 (ii) Any agreement of the Administrative Agent and the Lenders herein to receive certain notices by telephone or facsimile is solely for the convenience and at the request of the Borrower. The
Administrative Agent and the Lenders shall be entitled to rely on the authority of any Person purporting to be a Person authorized by the Borrower

  

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to give such notice and the Administrative Agent and Lenders shall not have any liability to the Borrower or other Person on account of any action taken or not taken by the Administrative Agent
or the Lenders in reliance upon such telephonic or facsimile notice. The obligation of the Borrower to repay the Loans and all other Obligations hereunder shall not be affected in any way or to any extent by any failure of the Administrative Agent
and the Lenders to receive written confirmation of any telephonic or facsimile notice or the receipt by the Administrative Agent and the Lenders of a confirmation which is at variance with the terms understood by the Administrative Agent and the
Lenders to be contained in any such telephonic or facsimile notice. 
 (b) Electronic Communications. 
 (i) Notices and other communications to the Lenders and the Issuing Bank hereunder may be delivered or furnished by
electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or the Issuing Bank pursuant to
Article 2 unless such Lender, the Issuing Bank, as applicable, and Administrative Agent have agreed to receive notices under such Section by electronic communication and have agreed to the procedures governing such communications.
Administrative Agent or Borrower 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. 
 (ii) Unless 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 acknowledgement from the intended recipient (such as by the “return receipt requested” function, as
available, return e-mail or other written acknowledgement); 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 communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as
described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor. 
 Section 10.2. Waiver; Amendments. 
 (a) No failure or delay by
the Administrative Agent, the Issuing Bank or any Lender in exercising any right or power hereunder or any other Loan Document, and no course of dealing between the Borrower and the Administrative Agent or any Lender, shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right or power or any abandonment or discontinuance of steps to enforce such right or power, preclude any other or further exercise thereof or the exercise of any other right or power
hereunder or thereunder. The rights and remedies of the Administrative Agent, the Issuing Bank and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or

  

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remedies provided by law. No waiver of any provision of this Agreement or any other Loan Document or consent to any departure by the Borrower therefrom shall in any event be effective unless the
same shall be permitted by paragraph (b) of this Section 10.2, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing,
the making of a Loan or the issuance of a Letter of Credit shall not be construed as a waiver of any Default or Event of Default, regardless of whether the Administrative Agent, any Lender or the Issuing Bank may have had notice or knowledge of such
Default or Event of Default at the time. 
 (b) No amendment or waiver of any provision of this Agreement or the other Loan
Documents, nor consent to any departure by the Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Borrower and the Required Lenders or the Borrower and the Administrative Agent with the consent
of the Required Lenders and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, that no amendment or waiver shall: (i) increase the Commitment of any Lender
without the written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender affected
thereby, (iii) postpone the date fixed for any payment of any principal of, or interest on, any Loan or LC Disbursement or interest thereon or any fees hereunder or reduce the amount of, waive or excuse any such payment, or postpone the
scheduled date for the termination or reduction of any Commitment, without the written consent of each Lender affected thereby, (iv) change Section 2.21(b) or (c) in a manner that would alter the pro rata sharing of
payments required thereby, without the written consent of each Lender, (v) change any of the provisions of this Section 10.2 or the definition of “Required Lenders” or any other provision hereof specifying the number or
percentage of Lenders which are required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the consent of each Lender; (vi) release any Material Restricted Subsidiary from the
Subsidiary Guaranty or limit the liability of any such Material Restricted Subsidiary under the Subsidiary Guaranty, without the written consent of each Lender; (vii) release all or substantially all collateral (if any) securing any of the
Obligations or agree to subordinate any Lien in such collateral to any other creditor of the Borrower or any Subsidiary, without the written consent of each Lender; provided further, that no such agreement shall amend, modify or otherwise
affect the rights, duties or obligations of the Administrative Agent, the Swingline Lender or the Issuing Bank without the prior written consent of such Person. Notwithstanding anything contained herein to the contrary, this Agreement may be amended
and restated without the consent of any Lender (but with the consent of the Borrower and the Administrative Agent) if, upon giving effect to such amendment and restatement, such Lender shall no longer be a party to this Agreement (as so amended and
restated), the Commitments of such Lender shall have terminated (but such Lender shall continue to be entitled to the benefits of Sections 2.18, 2.19, 2.20 and 10.3), such Lender shall have no other commitment or other
obligation hereunder and shall have been paid in full all principal, interest and other amounts owing to it or accrued for its account under this Agreement. 
 Section 10.3. Expenses; Indemnification. 
 (a) The Borrower
shall pay (i) all reasonable, out-of-pocket costs and expenses of the Administrative Agent and its Affiliates (including, without limitation, SunTrust

  

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Capital Markets, Inc.), including the reasonable fees, charges and disbursements of counsel for the Administrative Agent and its Affiliates, in connection with the syndication of the
credit facilities provided for herein, the preparation and administration of the Loan Documents and any amendments, modifications or waivers thereof (whether or not the transactions contemplated in this Agreement or any other Loan Document shall be
consummated), (ii) all reasonable out-of-pocket expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket
costs and expenses (including, without limitation, the reasonable fees, charges and disbursements of outside counsel and the allocated cost of inside counsel) incurred by the Administrative Agent, the Issuing Bank or any Lender in connection with
the enforcement or protection of its rights in connection with this Agreement, including its rights under this Section 10.3, or in connection with the Loans made or any 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. 
 (b) The
Borrower shall indemnify the Administrative Agent (and any subagent thereof), each Lender and the Issuing Bank, 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, 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 the 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 or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing Bank 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
owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the 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, whether brought by a third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto, provided that
such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, 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 Borrower 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 Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. 
 (c) The Borrower shall pay, and hold the Administrative Agent and each of the Lenders harmless from and against, any and all present and
future stamp, documentary, and

  

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other similar taxes with respect to this Agreement and any other Loan Documents, any collateral described therein, or any payments due thereunder, and save the Administrative Agent and each
Lender harmless from and against any and all liabilities with respect to or resulting from any delay or omission to pay such taxes. 
 (d) To the extent that the Borrower fails to pay any amount required to be paid to the Administrative Agent, the Issuing Bank or the Swingline Lender under clauses (a), (b) or (c) hereof, each Lender severally agrees to pay to the
Administrative Agent, the Issuing Bank or the Swingline Lender, as the case may be, such Lender’s Pro Rata Share (determined as of the time that the unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided,
that the unreimbursed expense or indemnified payment, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Issuing Bank or the Swingline Lender in its capacity as such.

 (e) To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any
Indemnitee, and no Indemnitee shall assert and hereby waives any claim against the Borrower and/or any Subsidiary on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to actual or direct damages) arising
out of, in connection with or as a result of, this Agreement or any agreement or instrument contemplated hereby, the transactions contemplated therein, any Loan or any Letter of Credit or the use of proceeds thereof. 
 (f) All amounts due under this Section 10.3 shall be payable promptly after written demand therefor. 
 Section 10.4. Successors and Assigns. 
 (a) 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 the Borrower may not
assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender, and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except
(i) to an assignee in accordance with the provisions of paragraph (b) of this Section, (ii) by way of participation in accordance with the provisions of paragraph (d) of this Section or (iii) by way of pledge or assignment
of a security interest subject to the restrictions of paragraph (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 paragraph (d) of this Section and, to the extent expressly contemplated hereby, the
Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time
owing to it); provided that any such assignment shall be subject to the following conditions: 
 (i)
Minimum Amounts. 
  

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 (A) in the case of an assignment of the entire remaining amount of the
assigning Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 
 (B) in any case not described in paragraph (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this
purpose includes Loans and Revolving Credit Exposure outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loans and Revolving Credit Exposure of the assigning Lender subject to each
such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Acceptance, as of the Trade Date)
shall not be less than $1,000,000, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed).

 (ii) Proportionate Amounts. 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, Revolving Credit Exposure or the Commitment assigned. 
 (iii) Required Consents. No consent shall be required for any assignment except to the extent required by paragraph
(b)(i)(B) of this Section and, in addition: 
 (A) the consent of the Borrower (such consent not to be
unreasonably withheld or delayed) shall be required unless (x) an Event of Default has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; and

 (B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall
be required for assignments to a Person that is not a Lender with a Commitment. 
 (iv) Assignment and
Acceptance. The parties to each assignment shall deliver to the Administrative Agent (A) a duly executed Assignment and Acceptance, (B) a processing and recordation fee of $3,500, (C) an Administrative Questionnaire unless the
assignee is already a Lender and (D) the documents required under Section 2.20. 
 (v) No
Assignment to Borrower. No such assignment shall be made to the Borrower or any of the Borrower’s Affiliates or Subsidiaries. 
 (vi) No Assignment to Natural Persons. No such assignment shall be made to a natural person. 
  

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 Subject to acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c) of
this Section 10.4, from and after the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Acceptance,
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 Acceptance, be released from its obligations under this Agreement (and, in the
case of an Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 2.18,
2.19, 2.20 and 10.3 with respect to facts and circumstances occurring prior to the effective date of such assignment. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with
this paragraph 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 paragraph (d) of this Section 10.4. If the consent of the Borrower to an
assignment is required hereunder (including a consent to an assignment which does not meet the minimum assignment thresholds specified above), the Borrower shall be deemed to have given its consent five Business Days after the date notice thereof
has actually been delivered by the assigning Lender (through the Administrative Agent) to the Borrower, unless such consent is expressly refused by the Borrower prior to such fifth Business Day. 
 (c) The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices in Atlanta,
Georgia a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amount of the Loans and Revolving Credit Exposure owing to, each
Lender pursuant to the terms hereof from time to time (the “Register”). Information contained in the Register with respect to any Lender shall be available for inspection by such Lender at any reasonable time and from time to time
upon reasonable prior notice; information contained in the Register shall also be available for inspection by the Borrower at any reasonable time and from time to time upon reasonable prior notice. In establishing and maintaining the Register,
Administrative Agent shall serve as Company’s agent solely for tax purposes and solely with respect to the actions described in this Section, and the Borrower hereby agrees that, to the extent SunTrust Bank serves in such capacity,
SunTrust Bank and its officers, directors, employees, agents, sub-agents and affiliates shall constitute “Indemnitees.” 
 (d) Any Lender may at any time, without the consent of, or notice to, the Borrower, the Administrative Agent, the Swingline Lender or the Issuing Bank sell participations to any Person (other than a natural person, the Borrower or any of
the Borrower’s Affiliates or Subsidiaries) (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 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 Borrower, the Administrative Agent, the Lenders, Issuing Bank and Swingline Lender shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement.

  

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 (e) 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, modification or waiver with respect to the following to the extent affecting such Participant: (i) increase the Commitment of any Lender without the written consent of
such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender affected thereby, (iii) postpone the date
fixed for any payment of any principal of, or interest on, any Loan or LC Disbursement or interest thereon or any fees hereunder or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date for the termination or
reduction of any Commitment, without the written consent of each Lender affected thereby, (iv) change Section 2.21(b) or (c) in a manner that would alter the pro rata sharing of payments required thereby, without the
written consent of each Lender, (v) change any of the provisions of this Section 10.4 or the definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders which are required
to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the consent of each Lender; (vi) release any Material Restricted Subsidiary from the Subsidiary Guaranty or limit the liability of
any such Material Restricted Subsidiary under the Subsidiary Guaranty under any guaranty agreement without the written consent of each Lender except to the extent such release is expressly provided under the terms of such guaranty agreement; or
(vii) release all or substantially all collateral (if any) securing any of the Obligations. Subject to paragraph (f) of this Section 10.4, the Borrower agrees that each Participant shall be entitled to the benefits of Sections
2.18, 2.19, and 2.20 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section 10.4. To the extent permitted by law, each Participant also
shall be entitled to the benefits of Section 10.7 as though it were a Lender, provided such Participant agrees to be subject to Section 2.21 as though it were a Lender. 
 (f) A Participant shall not be entitled to receive any greater payment under Section 2.18 and Section 2.20 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 Borrower’s prior written consent, such consent not to be
unreasonably withheld (it being understood that a participation resulting in immediate additional payments would be reason to withhold consent). A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits
of Section 2.20 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.20(e) as though it were a Lender.

 (g) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement
to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank; 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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 Section 10.5. Governing Law; Jurisdiction; Consent to Service of Process.

 (a) This Agreement and the other Loan Documents shall be construed in accordance with and be governed by the law (without
giving effect to the conflict of law principles thereof except for Sections 5-1401 and 5-1402 of the New York General Obligations Law) of the State of New York. 
 (b) The Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the United States District Court of the Southern District of New York, and of
the Supreme Court of the State of New York sitting in New York county 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 the transactions contemplated
hereby or thereby, or for recognition or enforcement of any judgment, and each of the parties hereto hereby 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 extent permitted by applicable law, 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 any other Loan Document shall affect any right that the Administrative Agent, the Issuing Bank or any Lender may otherwise have to bring any action or proceeding
relating to this Agreement or any other Loan Document against the Borrower or its properties in the courts of any jurisdiction. 
 (c) The Borrower irrevocably and unconditionally waives any objection which it may now or hereafter have to the laying of venue of any such suit, action or proceeding described in paragraph (b) of this Section 10.5 and
brought in any court referred to in paragraph (b) of this Section 10.5. Each of the parties hereto 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) Each party to this Agreement irrevocably consents to the service of process
in the manner provided for notices in Section 10.1. Nothing in this Agreement or in any other Loan Document will affect the right of any party hereto to serve process in any other manner permitted by law. 
 Section 10.6. WAIVER OF JURY TRIAL. EACH PARTY HERETO 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 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 PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER,
AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER

  

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LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 Section 10.7. Right of Setoff. In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, each Lender and the Issuing Bank
shall have the right, at any time or from time to time upon the occurrence and during the continuance of an Event of Default, without prior notice to the Borrower, any such notice being expressly waived by the Borrower to the extent permitted by
applicable law, to set off and apply against all deposits (general or special, time or demand, provisional or final) of the Borrower at any time held or other obligations at any time owing by such Lender and the Issuing Bank to or for the credit or
the account of the Borrower against any and all Obligations held by such Lender or the Issuing Bank, as the case may be, irrespective of whether such Lender or the Issuing Bank shall have made demand hereunder and although such Obligations may be
unmatured. Each Lender and the Issuing Bank agree promptly to notify the Administrative Agent and the Borrower after any such set-off and any application made by such Lender and the Issuing Bank, as the case may be; provided, that the failure
to give such notice shall not affect the validity of such set-off and application. Each Lender and the Issuing Bank agrees to apply all amounts collected from any such set-off to the Obligations before applying such amounts to any other Indebtedness
or other obligations owed by the Borrower and any of its Subsidiaries to such Lender or Issuing Bank. 
 Section 10.8.
Counterparts; Integration. This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including by telecopy), and all of said counterparts taken together shall be deemed to
constitute one and the same instrument. This Agreement, the Fee Letter, the other Loan Documents, and any separate letter agreement(s) relating to any fees payable to the Administrative Agent constitute the entire agreement among the parties hereto
and thereto regarding the subject matters hereof and thereof and supersede all prior agreements and understandings, oral or written, regarding such subject matters. 
 Section 10.9. Survival. All covenants, agreements, representations and warranties made by the Borrower herein and in the certificates or other instruments delivered in connection with
or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement 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 the Administrative Agent, the Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any
credit is extended hereunder, 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
is outstanding and so long as the Commitments have not expired or terminated. The provisions of Sections 2.18, 2.19, 2.20, and 10.3 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. All representations and
warranties made herein, in the certificates, reports, notices, and other documents delivered pursuant to this Agreement shall survive the execution and delivery of this Agreement and the other Loan Documents, and the making of the Loans and the
issuance of the Letters of Credit. Any letter of interest, commitment letter, fee letter or

  

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confidentiality agreement, if any, between any Loan Party and the Administrative Agent or any Lender or any of their respective Affiliates, predating this Agreement and relating to a financing of
substantially similar form, purpose or effect shall be superseded by this Agreement. Notwithstanding the foregoing, the Fee Letter and any market flex provisions contained in the final commitment letter between the Administrative Agent and the
Borrower shall survive the execution and delivery of this Agreement and shall continue to be binding obligations of the parties. 
 Section 10.10. Severability. Any provision of this Agreement or any other Loan Document held to be illegal, invalid or unenforceable in any jurisdiction, shall, as to such jurisdiction, be ineffective to the extent of
such illegality, invalidity or unenforceability without affecting the legality, validity or enforceability of the remaining provisions hereof or thereof; and the illegality, invalidity or unenforceability of a particular provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 Section 10.11.
Confidentiality. Each of the Administrative Agent, the Issuing Bank and each Lender agrees to take normal and reasonable precautions to maintain the confidentiality of any information designated in writing as confidential and provided to
it by the Borrower or any Subsidiary, except that such information may be disclosed (i) to any Related Party of the Administrative Agent, the Issuing Bank or any such Lender, including without limitation accountants, legal counsel and other
advisors, (ii) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (iii) to the extent requested by any regulatory agency or authority, (iv) to the extent that such information becomes
publicly available other than as a result of a breach of this Section 10.11, or which becomes available to the Administrative Agent, the Issuing Bank, any Lender or any Related Party of any of the foregoing on a non-confidential basis
from a source other than the Borrower, (v) in connection with the exercise of any remedy hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, and (ix) subject to provisions
substantially similar to this Section 10.11, to any actual or prospective assignee or Participant, or (vi) with the consent of the Borrower. Any Person required to maintain the confidentiality of any information as provided for in
this Section 10.11 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 its own
confidential information. 
 Section 10.12. Interest Rate Limitation. Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which may be treated as interest on such Loan under applicable law (collectively, the “Charges”), shall exceed the
maximum lawful rate of interest (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by a Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such
Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of
the operation of this Section 10.12 shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount,
together with interest thereon at the Federal Funds Rate to the date of repayment (to the extent permitted by applicable law), shall have been received by such Lender. 
  


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 Section 10.13. Waiver of Effect of Corporate Seal. The Borrower
represents and warrants that neither it nor any other Loan Party is required to affix its corporate seal to this Agreement or any other Loan Document pursuant to any requirement of law or regulation, agrees that this Agreement is delivered by
Borrower under seal and waives any shortening of the statute of limitations that may result from not affixing the corporate seal to this Agreement or such other Loan Documents. 
 Section 10.14. Patriot Act. The Administrative Agent and each Lender hereby notifies the Loan Parties that pursuant to
the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record information that identifies each Loan Party, which information
includes the name and address of such Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Loan Party in accordance with the Patriot Act. Each Loan Party shall, and shall cause
each of its Subsidiaries to, provide to the extent commercially reasonable, such information and take such other actions as are reasonably requested by the Administrative Agent or any Lender in order to assist the Administrative Agent and the
Lenders in maintaining compliance with the Patriot Act. 
 Section 10.15. Release of Liens. 
 (a) Each Lender acknowledges and agrees that so long as no Default or Event of Default shall have occurred and be continuing, and so
long as no Default would result from any proposed sale of property pursuant to Section 7.6, the Administrative Agent shall release its Liens on any Collateral. 
 (b) Upon this Agreement becoming effective, each Lender and the Administrative Agent agrees that all Liens granted under existing Mortgages
with respect to all Real Estate (other than the Real Estate with respect to the Pasadena, Texas and Sauget, Illinois plants, and the Borrower’s and its Domestic Restricted Subsidiaries’ headquarters and research and development facilities
located in Richmond, Virginia, shall be released, and the Administrative Agent shall promptly execute and deliver to Borrower, at its request and expense, such documents, instruments or releases (all of which shall be prepared by the Borrower,
without recourse or warranty to the Administrative Agent and otherwise in form and substance reasonably satisfactory to the Administrative Agent) as the Borrower may reasonably request to evidence the termination of all instruments of record in
favor of the Administrative Agent and the Lenders. 
 (c) Each Lender and the Administrative Agent further agrees that upon
delivery to the Administrative Agent of revised surveys (in form and substance reasonably satisfactory to the Administrative Agent) of the Borrower’s and its Domestic Restricted Subsidiaries’ headquarters and research and development
facilities located in Richmond, Virginia, additional Real Estate surrounding and adjacent to such headquarters and facilities shall be released (it being acknowledged that it is the Borrower’s intent to reduce the scope of the Liens on such
headquarters and research and development facilities to cover their footprints), and the Administrative Agent shall promptly execute and deliver to Borrower, at its request and expense, such documents, instruments or releases (all of which shall be
prepared by the Borrower, without recourse or warranty to the Administrative Agent and otherwise in form and

  

 90 








 
substance reasonably satisfactory to the Administrative Agent) as the Borrower may reasonably request to evidence the termination of all instruments of record in favor of the Administrative Agent
and the Lenders. 
 Section 10.16. Location of Closing. Each Lender acknowledges and agrees that it has
delivered, with the intent to be bound, its executed counterparts of this Agreement to Agent, c/o King & Spalding LLP, 1185 Avenue of the Americas, New York, New York 10036. Borrower acknowledges and agrees that it has delivered, with the
intent to be bound, its executed counterparts of this Agreement and each other Loan Document, together with all other documents, instruments, opinions, certificates and other items required under Section 3.1, to Agent, c/o
King & Spalding LLP, 1185 Avenue of the Americas, New York, New York 10036. All parties agree that closing of the transactions contemplated by this Credit Agreement has occurred in New York. 
 (remainder of page left intentionally blank) 
  

 91 








 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed under seal in
the case of the Borrower by their respective authorized officers as of the day and year first above written. 
  

			
	NEWMARKET CORPORATION
		
	 By
	 	 /s/ David A. Fiorenza

	 Name:
	 	David A. Fiorenza
	 Title:
	 	Vice President, Treasurer & Principal Financial Officer
	
	[SEAL]


 [SIGNATURE
PAGE TO SECOND AMENDED AND RESTATED REVOLVING 
 CREDIT AGREEMENT] 








					
	SUNTRUST BANK
	as Administrative Agent, as Issuing Bank, as
Swingline Lender and as a Lender
			
	By	 	 	 	/s/ Mark A. Flatin
		 	Name:	 	Mark A. Flatin
		 	Title:	 	Managing Director


 [SIGNATURE PAGE TO SECOND AMENDED AND RESTATED REVOLVING 
 CREDIT AGREEMENT] 








					
	GENERAL ELECTRIC CAPITAL
CORPORATION, as Co-Syndication Agent and
as a Lender
			
	By	 	 	 	/s/ KARL KIEFFER
		 	Name:	 	KARL KIEFFER
		 	Title:	 	DULY AUTHORIZED SIGNATORY


 [SIGNATURE PAGE TO SECOND AMENDED AND RESTATED REVOLVING 
 CREDIT AGREEMENT] 








					
	 LASALLE BANK NATIONAL ASSOCIATION,
 as Co-Syndication Agent and as a Lender

			
	By	 	 	 	/s/ SIAMAK SAIDI
		 	Name:	 	SIAMAK SAIDI
		 	Title:	 	ASSISTANT VICE PRESIDENT


 [SIGNATURE PAGE TO SECOND AMENDED AND RESTATED REVOLVING 
 CREDIT
AGREEMENT] 








					
	 PNC BANK, NATIONAL ASSOCIATION, as
 Documentation Agent and as a Lender

			
	By	 	 	 	/s/ D. Jermaine Johnson
		 	Name:	 	D. Jermaine Johnson
		 	Title:	 	Vice President


 [SIGNATURE PAGE TO SECOND AMENDED AND RESTATED REVOLVING 
 CREDIT AGREEMENT] 








									
	RZB FINANCE LLC, as a Lender
					
	By	  	 /s/ JOHN A. VALISKA
	  		  		  	 /s/ CHRISTOPH HOEDL

		  	Name: JOHN A. VALISKA	  		  		  	CHRISTOPH HOEDL
		  	Title: First Vice President	  		  		  	Group Vice President


 [SIGNATURE PAGE TO SECOND AMENDED AND RESTATED REVOLVING 
 CREDIT
AGREEMENT] 







 Schedule I 
 APPLICABLE MARGIN AND APPLICABLE PERCENTAGE 
  

												
	 Pricing
Level
	  	 Leverage Ratio
	  	Applicable Margin
for Eurodollar
Loans	 	 	Applicable
Margin for Base
Rate Loans	 	 	Applicable
Percentage for
Commitment Fee	 
	I	  	Greater than or equal to 3.0:1.0	  	2.25	% 	 	1.25	% 	 	0.50	% 
	II	  	Less than 3.0:1.00 but greater than or equal to 2.50:1.0	  	2.00	% 	 	1.00	% 	 	0.50	% 
	III	  	Less than 2.50:1.00 but greater than or equal to 2.00:1.00	  	1.75	% 	 	0.75	% 	 	0.50	% 
	IV	  	Less than 2.00:1.00 but greater than or equal to 1.50:1.00	  	1.50	% 	 	0.50	% 	 	0.375	% 
	V	  	Less than equal to 1.50:1.00 but greater than or equal to 1.00:1.00	  	1.25	% 	 	0.25	% 	 	0.30	% 
	VI	  	Less than 1.00:1:00	  	1.00	% 	 	0.00	% 	 	0.25	% 








 Schedule II 
 COMMITMENT AMOUNTS 
  

				
	 Lender
	  	Revolving Commitment Amount
	 SunTrust Bank
	  	$	27,000,000
	 LaSalle Bank National Association
	  	$	21,000,000
	 General Electric Capital Corporation
	  	$	21,000,000
	 PNC Bank, National Association
	  	$	21,000,000
	 RZB Finance LLC
	  	$	10,000,000
	 Total
	  	$	100,000,000









			
	Existing Letters of Credit	  	Schedule 2.21

  

							
	  	  	L/C NUMBER	  	Amount
in U.S.D.	  	Expiry
Date
	
	 Suntrust issued under terms of Credit Agreement
as of Sept 30, 2006

				
	 TRAVELERS
	  	F841232	  	2,516,400.50	  	12/31/06
	 IEMA
	  	F841807	  	25,000.00	  	08/31/07
	 PETROPERU
	  	F846754	  	99,221.55	  	10/31/06
	 ASSURANCE
	  	F847975	  	52,396.35	  	03/02/09
	 PETROPERU
	  	F848454	  	28,800.00	  	10/31/06
	 ZURICH AMER.
	  	f848983	  	888,000.00	  	03/31/07
				
	 LaSalle Bank issued
as of Nov 30, 2006
	  		  		  	
				
	 PETROPERU
	  	S594435	  	316,270.65	  	01/31/08








 Schedule 4.5 
 Environmental Matters 
  

	 	•	 	 With respect to clause (i) of Section 4.5(b), none. 


  

	 	•	 	 With respect to clause (ii) of Section 4.5(b): 


  

	 	1.	In the Matter of: Sauget Area 2 Site, Sauget and Cahokia, Illinois, Docket No. V-W-’01-C-622 Administrative Order on Consent Pursuant to Section 106 of
the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (U.S. EPA Region 5 2000) 

  

	 	2.	U.S. v. Petro Processors of Louisiana, Inc., et al., C.A. No. 80-358-B (M.D. LA 1980), consent decree entered February 1984 

  

	 	•	 	 With respect to clause (iii) of Section 4.5(b): 


  

	 	1.	In the Matter Of: Sauget Area 2 Superfund Site, Sauget, Cahokia, and East St. Louis, Illinois, V-W-’02-C-716 Administrative Order for Remedial Design and
Interim Remedial Action (U.S. EPA Region 5 2002) 

  

	 	•	 	 With respect to clause (iv) of Section 4.5(b), none. 









 Schedule 4.14 
 Subsidiaries 
 Loan Parties 
  

							
	 Name
	  	 Borrower’s Ownership Interest
	  	 Jurisdiction
	  	 Type of Entity

	 Afton Chemical Additives Corporation
	  	100% indirectly	  	Virginia	  	Corporation
	 Afton Chemical Asia Pacific LLC
	  	100% indirectly	  	Virginia	  	Limited Liability Company
	 Afton Chemical Canada Holdings, Inc.
	  	100% indirectly	  	Virginia	  	Corporation
	 Afton Chemical Corporation
	  	100%	  	Delaware	  	Corporation
	 Afton Chemical Intangibles LLC
	  	100% indirectly	  	Virginia	  	Limited Liability Company
	 Afton Chemical Japan Holdings, Inc.
	  	100% indirectly	  	Virginia	  	Corporation
	 Ethyl Asia Pacific LLC
	  	100% indirectly	  	Virginia	  	Limited Liability Company
	 Ethyl Canada Holdings, Inc.
	  	100% indirectly	  	Virginia	  	Corporation
	 Ethyl Corporation
	  	100%	  	Virginia	  	Corporation
	 Ethyl Export Corporation
	  	100% indirectly	  	Virginia	  	Corporation
	 Ethyl Interamerica Corporation
	  	100% indirectly	  	Delaware	  	Corporation
	 Ethyl Ventures, Inc.
	  	100% indirectly	  	Virginia	  	Corporation
	 Interamerica Terminal Corporation
	  	100% indirectly	  	Virginia	  	Corporation
	 NewMarket Corporation
	  	100% indirectly	  	Virginia	  	Corporation
	 NewMarket Investment Company
	  	100%	  	Virginia	  	Corporation
	 NewMarket Services Corporation
	  	100%	  	Virginia	  	Corporation
	 Old Town LLC
	  	100% indirectly	  	Virginia	  	Limited Liability Company
	 The Edwin Cooper Corporation
	  	100% indirectly	  	Virginia	  	Corporation

 Foreign Subsidiaries 
  

							
	 Name
	  	 Borrower’s Ownership Interest
	  	 Jurisdiction
	  	 Type of Entity

	 EID Corporation
	  	100% indirectly	  	Liberia	  	Corporation
	 Libby G Corporation
	  	100% indirectly	  	Liberia	  	Corporation
	 Afton Chemical Industria de Aditivos, Ltda.
	  	100% indirectly	  	Brazil	  	Limited Liability Company
	 Ethyl Canada, Inc.
	  	100% indirectly	  	Canada	  	Corporation









							
	 Afton Chemical Canada Corporation
	  	100% indirectly	  	Canada	  	Corporation
	 Ethyl Foreign Sales Corporation
	  	100% indirectly	  	U.S. Virgin Islands	  	Corporation
	 Afton Chemical Japan Corporation
	  	100% indirectly	  	Japan	  	Corporation
	 Afton Chemical Limited
	  	100% indirectly	  	United Kingdom	  	Limited Liability Company
	 Ethyl Services GmbH
	  	100% indirectly	  	Switzerland	  	Corporation
	 Ethyl Services Limited
	  	100% indirectly	  	United Kingdom	  	Limited Liability Company
	 Ethyl Shipping Company Limited
	  	100% indirectly	  	United Kingdom	  	Limited Liability Company
	 Afton Cooper Limited
	  	100% indirectly	  	United Kingdom	  	Limited Liability Company
	 Afton Chemical GmbH
	  	100% indirectly	  	Germany	  	Corporation
	 Afton Chemical SPRL
	  	100% indirectly	  	Belgium	  	Corporation
	 Ethyl Europe SPRL
	  	100% indirectly	  	Belgium	  	Corporation
	 Afton Chemical China Corporation, Pte Ltd.
	  	100% indirectly	  	Singapore	  	Corporation
	 Afton Chemical De Venezuela, C.A.
	  	100% indirectly	  	Venezuela	  	Corporation
	 Afton Chemical De Mexica, S.A. De C.V.
	  	100% indirectly	  	Mexico	  	Corporation
	 Servicios Afton De Mexico, S.A. De C.V.
	  	100% indirectly	  	Mexico	  	Corporation
	 Afton Chemical Trading (Beijing) Co., Ltd.
	  	100% indirectly	  	China	  	Corporation (wholly-owned foreign enterprise)
	 Ethyl UK Limited
	  	100% indirectly	  	United Kingdom	  	Limited Liability Company









					
	Outstanding Indebtedness	  		  	Schedule 7.1

 Intercompany 
  

						
	 From
	  	 To
	  	 	 
			
	 Afton Chemical SPRL
	  	Afton Chemical Corporation	  	17,130,150	 * 
			
	 Ethyl Europe SPRL
	  	Ethyl Services GmbH	  	5,000,000	  
			
	 Afton Chemical Limited
	  	Afton Chemical GmbH	  	3,661,322	  
			
	 Ethyl Europe SPRL
	  	Ethyl Corporation	  	2,295,790	 * 

 Third Party Debt 
  

					
			
	 Capitalized Leases (Industrial Steam Products, Inc.)
	  		  	3,346,000
			
	 Surety Bonds
	  		  	310,000

  

	*	These notes represent the Pledged Belgium Indebtedness (as defined in the Existing Credit Agreement) 

 Outstanding Letters of Credit 
  

							
	 Afton Chemical Limited
as of Sept 30, 2006
 Performance Guarantees:
	  	12,072.00	  		  	Sept. 19, 2006
		  	20,937.00	  		  	Oct. 08, 2006
		  	7,040.00	  		  	Oct. 30, 2006
		  	127,080.00	  		  	Jan.15, 2007
		  	6,850.00	  		  	Feb. 15, 2007
		  	2,397.00	  		  	Apr. 15, 2007
		  	38,568.00	  		  	Jun. 15, 2007
		  	8,629.00	  		  	Jun. 15, 2007
		  	12,235.00	  		  	Jun. 15, 2007
		  	5,459.00	  		  	Jun. 15, 2007
		  	27,916.00	  		  	Jun. 15, 2007
		  	159,196.00	  		  	Jun. 15, 2007
		  	236,650.00	  		  	Jun. 15, 2007
		  	28,544.00	  		  	Jun. 15, 2007
		  	112,049.00	  		  	Dec. 31, 2010
	 Bid Bonds:
	  	45,046.00	  		  	Oct. 17, 2006
		  	9,009.00	  		  	Oct. 17, 2006
		  	26,665.00	  		  	Nov. 15, 2006
		  	24,500.00	  		  	Dec. 15, 2006









					
	Outstanding Indebtedness	  		  	Schedule 7.1

  

							
	 Customs and Excise Guarantee
	  	393,477.00	  		  	UFN*
		  	74,948.00	  		  	UFN*
		  	3,383.00	  		  	UFN*
				
	 Afton Chemical Asia Pacific LLC
as of Sept 30, 2006
	  		  		  	
	 Performance Guarantees:
	  	32,585.00	  		  	Jul. 30, 2006
		  	23,394.81	  		  	Sep. 30, 2006
		  	26,500.00	  		  	Oct. 19, 2006
		  	7,000.00	  		  	Nov. 02, 2006
		  	4,500.00	  		  	Nov. 30, 2006
		  	4,500.00	  		  	Nov. 30, 2006
		  	51,146.00	  		  	May 30, 2007
		  	6,979.94	  		  	Jul. 06, 2007
		  	34,580.23	  		  	Sep. 30, 2007
		  	290,000.00	  		  	Dec. 31, 2007
		  	14,573.00	  		  	Mar. 30, 2008
	 Bid Bonds:
	  	500.00	  		  	Nov. 06, 2005
		  	9,138.50	  		  	Aug. 03, 2006
		  	29,500.00	  		  	Feb. 25, 2007
		  	500.00	  		  	Feb. 25, 2007
		  	8,200.00	  		  	Mar. 18, 2007
				
	 Afton Chemical Sprl
as of Sept 30, 2006
	  		  		  	
	 Customs and Taxes:
	  	78,740.00	  		  	UFN*
		  	315.00	  		  	UFN*
		  	315.00	  		  	UFN*
		  	251,860.00	  		  	UFN*
		  	80,982.00	  		  	UFN*
		  	15,742.00	  		  	UFN*
	 Lease Guarantees:
	  	3,048.00	  		  	Mar. 01, 2008
		  	94,943.00	  		  	Jun. 30, 2012
	 Afton Chemical GmbH
	  		  		  	
	 Lease Guarantees:
	  	31,685.00	  		  	UFN*

  

	*	UFN = Until Further Notice 

 Contingent
Obligations 
 Deed of Guarantee dated June 23, 2003 given by Ethyl Corporation relating the sale and lease-back by
Ethyl Petroleum Addivities Limited (Afton Chemical Limited) of the “Eurotech Center” located in Bracknell, England. 







 Schedule 7.2 
 Existing Liens 
 1. Liens in connection with the Capitalized Leases
described on Schedule 7.1 
 2. The Following UCC financing statements: 
 Afton Chemical Corporation 
  

											
	 JURISDICTION
	 	 Secured Party
	 	 TYPE
	 	 FILE NUMBER
	 	 DATE FILED
	 	 COLLATERAL DESCRIPTION

	Delaware, Secretary of State	 	Citicorp Leasing, Inc.	 	UCC-1	 	6137904 9	 	April 25, 2006	 	Leased Equipment
	Illinois, Secretary of State	 	Sumner Group, Inc.	 	UCC-1	 	9462066	 	Jan. 18, 2005	 	Digital copier & accessories
	 	Citicorp Leasing, Inc.	 	UCC-1	 	10469589	 	Dec. 16, 2005	 	Leased Equipment
		 	Sumner Group, Inc.	 	UCC-1	 	11002498	 	May 26, 2006	 	Used image runner & accessories
		 	Sumner Group, Inc.	 	UCC-1	 	11592627	 	Dec. 6, 2006	 	Used Canon image runner with accessories
	
	Ethyl Corporation
						
	 JURISDICTION
	 	 Secured Party
	 	 TYPE
	 	 FILE NUMBER
	 	 DATE FILED
	 	 COLLATERAL DESCRIPTION

	Virginia, State Corporation Commission	 	IOS Capital, LLC	 	UCC-1	 	030506 7103-3	 	May 6, 2003	 	Equipment leased in connection with the Agreement as identified
	 	IOS Capital, LLC	 	UCC-1	 	030514 7106-6	 	May 14, 2003	 	Equipment leased in connection with the Agreement as identified
		 	De Lage Landen Financial Services, Inc.	 	UCC-1	 	041227 7230-3	 	Dec. 27, 2004	 	Leased Equipment
		 	NMHG Financial Services, Inc.	 	UCC-1	 	060710 7237-5	 	July 10, 2006	 	All equipment now or hereafter leased
	
	NewMarket Services Corporation
						
	 JURISDICTION
	 	 Secured Party
	 	 TYPE
	 	 FILE NUMBER
	 	 DATE FILED
	 	 COLLATERAL DESCRIPTION

	Virginia, State Corporation Commission	 	IOS Capital	 	UCC-1	 	050721 7297-2	 	July 21, 2005	 	Equipment leased in connection with the Master Agreement as identified
		 	IOS Capital	 	UCC-1	 	051025 7221-8	 	Oct. 25, 2005	 	Equipment leased in connection with the Master Agreement as identified
		 	IOS Capital	 	UCC-1	 	060614 7092-3	 	June 14, 2006	 	Equipment leased in connection with the Master Agreement as identified









																
	Existing Investments	  	 	  	Schedule 7.4
							
	 	 	 	  	 	  	 	  	$$	  	Domestic	  	Foreign
					
	 NewMarket Investments in Subsidiaries
	  		  			  			  		
							
		 	 102
	  	Ethyl Petroleum Additives Inc.	  	VA	  	 	207,471,652	  	 	207,471,652	  		
		 	 272
	  	EPA - Australia	  		  	 	4,063	  			  	 	4,063
		 	 272
	  	Australia	  		  	 	1,210,972	  			  	 	1,210,972
		 	 221
	  	Canada	  		  	 	9,468,429	  			  	 	9,468,429
		 	 222
	  	Canada Holdings	  		  	 	15,979,760	  	 	15,979,760	  		
		 	 224
	  	Canada	  		  	 	6,511,331	  			  	 	6,511,331
		 	 105
	  	Ethyl Interamerica Company	  	DE	  	 	206,350	  	 	206,350	  		
		 	 116
	  	Ethyl Asia Pacific Company	  	VA	  	 	2,310,423	  	 	2,310,423	  		
		 	 125
	  	Ethyl Foreign Sales Corporation	  	VI	  	 	4,200	  	 	4,200	  		
		 	 127
	  	Interamerica Terminals Company	  	VA	  	 	4,510,846	  	 	4,510,846	  		
		 	 157
	  	Ethyl Additives Company	  	VA	  	 	57,117,658	  	 	57,117,658	  		
		 	 190
	  	EID (Ships)	  		  	 	1,060,000	  			  	 	1,060,000
		 	 226
	  	Ethyl Petroleum Additives Limited	  		  	 	23,205,400	  			  	 	23,205,400
		 	 235
	  	Ethyl Services	  		  	 	16,712	  			  	 	16,712
		 	 236
	  	Ethyl Services - GmbH	  		  	 	1,200,287	  			  	 	1,200,287
		 	 238
	  	Ethyl Shipping Company Limited	  		  	 	212,797	  			  	 	212,797
		 	 240
	  	Ethyl Europe SA	  		  	 	21,476,234	  			  	 	21,476,234
		 	 245
	  	Ethyl UK Ltd.	  		  	 	14,465	  			  	 	14,465
		 	 258
	  	Ethyl Brazil	  		  	 	13,365,885	  			  	 	13,365,885
		 	 261
	  	Afton Mexico	  		  	 	226,000	  			  	 	226,000
		 	 263
	  	Afton Venezuela	  		  	 	145,000	  			  	 	145,000
		 	 265
	  	Ethyl Admin GmbH	  		  	 	1,286,579	  			  	 	1,286,579
		 	 282
	  	Ethyl Japan	  		  	 	7,980,508	  			  	 	7,980,508
		 	 284
	  	Ethyl Japan Holdings	  		  	 	7,980,308	  	 	7,980,308	  		
		 	 807
	  	Edwin Cooper	  	VA	  	 	1,000	  	 	1,000	  		
		 	 886
	  	Ethyl Ventures	  	VA	  	 	48,358,389	  	 	48,358,389	  		
		 		  		  		  	 	 	  	 	 	  	 	 
		 		  	Total	  		  	$	431,325,248	  	$	343,940,586	  	$	87,384,662
		 		  		  		  	 	 	  	 	 	  	 	 
					
	 Afton Chemical Corporation Investment in Subsidiaries
	  		  			  			  		
							
		 		  	Ethyl Additives Company	  		  	 	57,117,658	  	 	57,117,658	  		
		 		  	Edwin Cooper	  		  	 	1,000	  	 	1,000	  		
		 		  	Ethyl Asia Pacific Company	  		  	 	2,310,423	  	 	2,310,423	  		
		 		  	Canada Holdings	  		  	 	4,586,331	  	 	4,586,331	  		
		 		  	Ethyl Petroleum Additives Limited	  		  	 	23,205,400	  			  	 	23,205,400
		 		  	Ethyl Europe SA	  		  	 	21,476,234	  			  	 	21,476,234
		 		  	EPA - Australia	  		  	 	4,063	  			  	 	4,063
		 		  	Ethyl Japan Holdings	  		  	 	7,980,308	  	 	7,980,308	  		
		 		  	Afton Mexico	  		  	 	226,000	  			  	 	226,000
		 		  	Afton Venezuela	  		  	 	145,000	  			  	 	145,000
		 		  	Ethyl Brazil	  		  	 	13,364,683	  			  	 	13,364,683
		 		  		  		  	 	 	  	 	 	  	 	 
		 		  	 Total ACC
	  		  	 	130,417,100	  	 	71,995,720	  	 	58,421,380
		 		  		  		  	 	 	  	 	 	  	 	 









													
	Existing Investments	  	 	  	Schedule 7.4
							
	 	 	 	  	 	  	 	  	$$	  	Domestic	  	Foreign
					
	Ethyl Asia Pacific Investment in Subsidiaries	  		  		  		  	
		 		  	Australia	  		  	1,210,972	  		  	1,210,972
					
	Afton Additives Investments in Subsidiaries	  		  		  		  	
		 		  	Ethyl Brazil	  		  	1,202	  		  	1,202
					
	Afton Canada Holding Investments	  		  		  		  	
		 	221	  	Afton Canada	  		  	9,468,429	  		  	9,468,429
					
	Ethyl Canada Holdings Investments	  		  		  		  	
		 	221	  	Ethyl Canada	  		  	6,511,331	  		  	6,511,331
					
	Ethyl Europe ESPRL Investments	  		  		  		  	
		 	245	  	Ethyl UK Ltd.	  		  	14,465	  		  	14,465
		 	265	  	Ethyl Admin GmbH	  		  	1,286,579	  		  	1,286,579
		 		  		  		  	 	  	 	  	 
		 		  	Total EESPRL (0240) Investment	  		  	1,301,044	  	0	  	1,301,044
		 		  		  		  	 	  	 	  	 
					
	NewMarket Corporation Investments	  		  		  		  	
		 	102	  	Afton Chemical	  		  	207,471,652	  	207,471,652	  	
					
	Afton Japan Holdings	  		  		  		  	
		 	282	  	Afton Japan	  		  	7,980,508	  		  	7,980,508
		 		  		  		  	 	  	 	  	 
		 		  	Total AJH (0284) Investment	  		  	7,980,508	  	0	  	7,980,508
		 		  		  		  	 	  	 	  	 
					
	Ethyl Corporation Investment in Subsidiaries	  		  		  		  	
		 	105	  	Ethyl Interamerica Company	  		  	206,350	  	206,350	  	
		 	125	  	Ethyl Foreign Sales Corporation	  		  	4,200	  	4,200	  	
		 	127	  	Interamerica Terminals Company	  		  	4,510,846	  	4,510,846	  	
		 	190	  	EID (Ships)	  		  	1,060,000	  		  	1,060,000
		 	222	  	Canada Holdings	  		  	11,393,429	  	11,393,429	  	
		 	235	  	Ethyl Services	  		  	16,712	  		  	16,712
		 	236/255	  	Ethyl Services - GmbH	  		  	1,200,287	  		  	1,200,287
		 	238	  	Ethyl Shipping Company Limited	  		  	212,797	  		  	212,797
		 	886	  	Ethyl Ventures	  		  	48,358,389	  	48,358,389	  	
		 		  		  		  	 	  	 	  	 
		 		  	SubTotal	  		  	66,963,010	  	64,473,214	  	2,489,796
		 		  		  		  	 	  	 	  	 








 EXHIBIT A 
 FORM OF REVOLVING CREDIT NOTE 
  

			
	[$            ]	  	New York, New York
		  	December 21, 2006

 FOR
VALUE RECEIVED, the undersigned, NEWMARKET CORPORATION, a Virginia corporation (the “Borrower”), hereby promises to pay to [name of Lender] (the “Lender”) or its registered assigns, at the
office of SunTrust Bank (“SunTrust”) at 303 Peachtree St., N.E., Atlanta, Georgia 30308, on the Revolving Commitment Termination Date (as defined in the Second Amended and Restated Revolving Credit Agreement, dated as of
December 21, 2006, as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the lenders from time to time party thereto and SunTrust, as
administrative agent for the lenders, the lesser of the principal sum of [amount of such Lender’s Revolving Commitment] and the aggregate unpaid principal amount of all Revolving Loans made by the Lender to the Borrower
pursuant to the Credit Agreement, in lawful money of the United States of America in immediately available funds, and to pay interest from the date hereof on the principal amount thereof from time to time outstanding, in like funds, at said office,
at the rate or rates per annum and payable on such dates as provided in the Credit Agreement. In addition, should legal action or an attorney-at-law be utilized to collect any amount due hereunder, the Borrower further promises to pay costs of
collection, including the reasonable attorneys’ fees of the Lender, as provided in the Credit Agreement. 
 Upon the
occurrence of an Event of Default, the Borrower promises to pay interest, on demand, at a rate or rates provided in the Credit Agreement. 
 All borrowings evidenced by this Revolving Credit Note and all payments and prepayments of the principal hereof and the date thereof shall be endorsed by the holder hereof on the schedule attached hereto
and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof, or otherwise recorded by such holder in its internal records; provided, that the failure of the holder hereof to make such a notation
or any error in such notation (absent manifest error) shall not affect the obligations of the Borrower to make the payments of principal and interest in accordance with the terms of this Revolving Credit Note and the Credit Agreement. 
 This Revolving Credit Note is issued in connection with, and is entitled to the benefits of, the Credit Agreement which, among other things,
contains provisions for the acceleration of the maturity hereof upon the happening of certain events, for prepayment of the principal hereof prior to the maturity hereof and for the amendment or waiver of certain provisions of the Credit Agreement,
all upon the terms and conditions therein specified. 
 This Revolving Credit Note evidences a restatement of the indebtedness
previously outstanding under that certain Amended and Restated Credit Agreement dated as of June 18, 2004, by and among the Borrower, the Lenders and financial institutions party thereto, and SunTrust Bank, as Administrative Agent, and the
revolving notes issued thereunder (the

  

 A-1 








 
“Original Obligations”). This Revolving Credit Note is being delivered by the Borrower and accepted by the Lender in exchange for the Revolving Note evidencing the Original
Obligations, but not as a refinancing, substitution, extinguishment or novation of such Original Obligations. 
 THIS REVOLVING CREDIT NOTE
SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF EXCEPT FOR SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW) THE LAWS OF THE STATE OF NEW YORK AND ANY
APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. 
  

			
	NEWMARKET CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
	
	[SEAL]


  

 A-2 








 LOANS AND PAYMENTS 
  

									
	 Date
	 	 Amount and
 Type of Loan
	 	 Payments of
 Principal
	 	 Unpaid
 Principal
 Balance of
 Note
	 	 Name of Person
 Making
 Notation

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

 A-3 








 EXHIBIT B 
 FORM OF SWINGLINE NOTE 
  

			
	$5,000,000	  	New York, New York
		  	December 21, 2006

 FOR VALUE
RECEIVED, the undersigned, NEWMARKET CORPORATION, a Virginia corporation (the “Borrower”), hereby promises to pay to SUNTRUST BANK (the “Swingline Lender”) or its registered assigns, at the office of SunTrust Bank
(“SunTrust”) at 303 Peachtree St., N.E., Atlanta, Georgia 30308, on the Revolving Commitment Termination Date (as defined in the Second Amended and Restated Revolving Credit Agreement dated as of December 21, 2006 (as the same
may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the lenders from time to time party thereto and SunTrust, as administrative agent for the lenders, the lesser of the
principal sum of FIVE MILLION AND NO/100 DOLLARS ($5,000,000) and the aggregate unpaid principal amount of all Swingline Loans made by the Swingline Lender to the Borrower pursuant to the Credit Agreement, in lawful money of the United States of
America in immediately available funds, and to pay interest from the date hereof on the principal amount thereof from time to time outstanding, in like funds, at said office, at the rate or rates per annum and payable on such dates as provided in
the Credit Agreement. In addition, should legal action or an attorney-at-law be utilized to collect any amount due hereunder, the Borrower further promises to pay costs of collection, including the reasonable attorneys’ fees of the Swingline
Lender, as provided in the Credit Agreement. 
 Upon the occurrence of an Event of Default, the Borrower promises to pay
interest, on demand, at a rate or rates provided in the Credit Agreement. 
 All borrowings evidenced by this Swingline Note and
all payments and prepayments of the principal hereof and the date thereof shall be endorsed by the holder hereof on the schedule attached hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part
hereof, or otherwise recorded by such holder in its internal records; provided, that the failure of the holder hereof to make such a notation or any error in such notation (absent manifest error) shall not affect the obligations of the
Borrower to make the payments of principal and interest in accordance with the terms of this Swingline Note and the Credit Agreement. 
 This Swingline Note is issued in connection with, and is entitled to the benefits of, the Credit Agreement which, among other things, contains provisions for the acceleration of the maturity hereof upon the happening of certain events, for
optional and mandatory prepayment of the principal hereof prior to the maturity hereof and for the amendment or waiver of certain provisions of the Credit Agreement, all upon the terms and conditions therein specified. 
 This Swingline Note evidences a restatement of the indebtedness previously outstanding under that certain Amended and Restated Credit
Agreement dated as of June 18, 2004, by and among the Borrower, the Lenders and financial institutions party thereto, and SunTrust Bank, as

  

 B-1 








 
Administrative Agent, and the revolving notes issued thereunder (the “Original Obligations”). This Swingline Note is being delivered by the Borrower and accepted by the Lender in
exchange for the Swingline Note evidencing the Original Obligations, but not as a refinancing, substitution, extinguishment or novation of such Original Obligations. 
 THIS SWINGLINE NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF EXCEPT FOR SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL
OBLIGATIONS LAW) THE LAWS OF THE STATE OF NEW YORK AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. 
  

			
	NEWMARKET CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
	
	[SEAL]


  

 B-2 








 LOANS AND PAYMENTS 
  

									
	 Date
	 	 Amount and
 Type of Loan
	 	 Payments of
 Principal
	 	 Unpaid
 Principal
 Balance of
 Note
	 	 Name of Person
 Making
 Notation

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

 B-3 








 EXHIBIT C 
 FORM OF ASSIGNMENT AND ACCEPTANCE 
 [date to
be supplied] 
 Reference is made to the Second Amended and Restated Revolving Credit Agreement dated as of
December 21, 2006 (as amended and in effect on the date hereof, the “Credit Agreement”), among NewMarket Corporation, a Virginia corporation, the lenders from time to time party thereto and SunTrust Bank, as Administrative
Agent for such lenders. Terms defined in the Credit Agreement are used herein with the same meanings. 
 The [name of
assignor] (the “Assignor”) hereby sells and assigns, without recourse, to [name of assignee] (the “Assignee”), and the Assignee hereby purchases and assumes, without recourse, from the Assignor,
effective as of the Assignment Date set forth below, the interests set forth below (the “Assigned Interest”) in the Assignor’s rights and obligations under the Credit Agreement, including, without limitation, the interests set
forth below in the Revolving Commitment of the Assignor on the Assignment Date and Revolving Loans owing to the Assignor which are outstanding on the Assignment Date, together with the participations in the LC Exposure and the Swingline Exposure of
the Assignor on the Assignment Date, but excluding accrued interest and fees to and excluding the Assignment Date. The Assignee hereby acknowledges receipt of a copy of the Credit Agreement. From and after the Assignment Date (i) the Assignee
shall be a party to and be bound by the provisions of the Credit Agreement and, to the extent of the Assigned Interest, have the rights and obligations of a Lender thereunder and (ii) the Assignor shall, to the extent of the Assigned Interest,
relinquish its rights and be released from its obligations under the Credit Agreement. 
 This Assignment and Acceptance is
being delivered to the Administrative Agent together with (i) if the Assignee is a Foreign Lender, any documentation required to be delivered by the Assignee pursuant to Section 2.21(e) of the Credit Agreement, duly completed and executed
by the Assignee, and (ii) if the Assignee is not already a Lender under the Credit Agreement, an Administrative Questionnaire in the form supplied by the Administrative Agent, duly completed by the Assignee. The Assignee shall pay the fee
payable to the Administrative Agent pursuant to Section 10.4(b) of the Credit Agreement. 
 The Assignor
(a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and
authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby, and (b) assumes no responsibility with respect to (i) any statements, warranties
or representations made in or in connection with the Credit Agreement or any other Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral thereunder,
(iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries

  

 C-1 








 
or Affiliates or any other Person of any of their respective obligations under any Credit Document. 
 The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the
transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit
Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it
has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it has deemed appropriate to make
its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or
any other Lender, and (v) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and
(b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Credit Documents are required to be performed by it as a
Lender. 
 From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned
Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date,
unless otherwise agreed in writing by the Administrative Agent. 
 This Assignment and Acceptance shall be governed by and
construed in accordance with the laws of the State of New York. 
  

							
		 	Date of Assignment:	 	  
	 	
				
		 	Legal Name of Assignor:	 	  
	 	
				
		 	Legal Name of Assignee:	 	  
	 	
				
		 	Assignee’s Address for Notices:	 	  
	 	
				
		 	Effective Date of Assignment:	 	  
	 	
				
		 	(“Assignment Date”):	 	  
	 	

  

 C-2 









						
	Facility	  	Principal Amount
Assigned	  	Percentage Assigned of
Commitment (set forth, to at
least 3 decimals, as a
percentage of the aggregate
Commitments of all Lenders
thereunder)

	 Revolving Loans:
	  	$	 	  	%

 The terms set forth above
are hereby agreed to: 
  

					
	[NAME OF ASSIGNOR], as Assignor
			
		 	By:	 	  

		 	Name:
		 	Title:
	
	[NAME OF ASSIGNEE], as Assignee
			
		 	By:	 	  

		 	Name:
		 	Title:


  

 C-3 








 The undersigned hereby consents to the within assignment: 
  

									
	NEWMARKET CORPORATION	 		 	SUNTRUST BANK, as
		 		 		 	Administrative Agent:
					
	By:	 	  
	 		 	By:	 	  

	Name:	 		 	Name:
	Title:	 		 	Title:

  

 C-4 








 EXHIBIT D 
 FORM OF AMENDED AND RESTATED SUBSIDIARY GUARANTY AGREEMENT 
 THIS
AMENDED AND RESTATED SUBSIDIARY GUARANTY AGREEMENT (the “Agreement”), dated as of December     , 2006, by and among NEWMARKET CORPORATION, a Virginia corporation (the “Borrower”), each
of the subsidiaries of the Borrower listed on Schedule I hereto (each such subsidiary individually, a “Guarantor” and collectively, the “Guarantors”) and SUNTRUST BANK, a Georgia banking corporation, as
administrative agent (the “Administrative Agent”) for the benefit of itself and the several banks and other financial institutions (the “Lenders”) from time to time party to the Second Amended and Restated Revolving
Credit Agreement, dated as of the date hereof, by and among the Borrower, the several banks and other financial institutions from time to time party thereto (the “Lenders”), the Administrative Agent, and SunTrust Bank, as Issuing
Bank and as Swingline Lender (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein and not otherwise defined herein shall the meanings assigned to such
terms in the Credit Agreement). 
 W I T N E S S E T H: 
 WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to continue to make available a revolving credit facility in favor
of the Borrower; 
 WHEREAS, each of the Guarantors is a direct or indirect Subsidiary of the Borrower and will derive
substantial benefit from the making of Loans by the Lenders and the issuance of Letters of Credit by the Issuing Bank; and 
 WHEREAS, it is a condition precedent to the obligations of the Administrative Agent, the Swingline Lender, and the Lenders under the Credit Agreement that each Guarantor execute and deliver to the Administrative Agent an Amended and
Restated Subsidiary Guaranty Agreement in the form hereof, and each Guarantor wishes to fulfill said condition precedent; 
 NOW, THEREFORE, in order to induce Lenders to extend the Loans and the Issuing Bank to issue Letters of Credit and to make the financial accommodations as provided for in the Credit Agreement and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1. Guarantee. Each Guarantor unconditionally guarantees, jointly with the other Guarantors and severally, as a primary obligor and not merely as a surety, (i) the due and punctual payment of all
Obligations including, without limitation, (A) the principal of and premium, if any, 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 Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (B) each payment required to be made by the Borrower under the Credit
Agreement in respect of any Letter of Credit when and as due, including payments in respect of reimbursement of disbursements, interest thereon and

  

 D-1 








 
obligations to provide cash collateral, and (C) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or
otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), of the Loan Parties to the Administrative
Agent and the Lenders under the Credit Agreement and the other Loan Documents, (ii) the due and punctual performance of all covenants, agreements, obligations and liabilities of the Loan Parties under or pursuant to the Credit Agreement and the
other Loan Documents; and (iii) the due and punctual payment and performance of all obligations of the Borrower, monetary or otherwise, arising under any Hedging Transaction incurred to limit interest rate or fee fluctuation with respect to the
Loans and Letters of Credit entered into with a counterparty that was a Lender or an Affiliate of a Lender at the time such Hedging Transaction was entered into (each such person a “Specified Hedge Provider”; the Administrative
Agent, the Lenders and the Specified Hedge Providers, collectively, the “Secured Parties” and each individually a “Secured Party”) (all the monetary and other obligations referred to in the preceding clauses
(i) through (iii) being collectively called the “Guaranteed Obligations”). Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent
from such Guarantor, and that such Guarantor will remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed Obligations. 
 Section 2. Obligations Not Waived. To the fullest extent permitted by applicable law, each Guarantor waives presentment or protest to, demand of or payment from the other Loan
Parties of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. To the fullest extent permitted by applicable law, the obligations of each Guarantor hereunder shall not be
affected by (i) the failure of the Administrative Agent or any Lender to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower or any other Guarantor under the provisions of the Credit Agreement, any
other Loan Document or otherwise, (ii) the failure of any Secured Party to assert any claim or demand or to enforce or exercise any right or remedy against the Borrower or any other Guarantor under the provisions or any instruments, agreements
or documents executed in connection with any Hedging Transaction incurred to limit interest rate or fee fluctuation with respect to the Loans and Letters of Credit entered into with a Specified Hedge Provider (each such document, a “Hedging
Document”), (iii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement, any other Loan Document, any Hedging Document, any guarantee or any other agreement,
including with respect to any other Guarantor under this Agreement, or (iv) the failure to perfect any security interest in, or the release of, any of the security held by or on behalf of the Administrative Agent or any Secured Party.

 Section 3. Guarantee of Payment. Each Guarantor further agrees that its guarantee constitutes a
guarantee of payment when due and not of collection, and waives any right to require that any resort be had by the Administrative Agent or any Secured Party to any of the security held for payment of the Guaranteed Obligations or to any balance of
any deposit account or credit on the books of the Administrative Agent or any Secured Party in favor of the Borrower or any other Person. 







 Section 4. No Discharge or Diminishment of Guarantee. The
obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason (other than the indefeasible payment in full in cash of the Guaranteed Obligations), including any claim of waiver,
release, surrender, alteration or compromise of any of the Guaranteed Obligations, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of
the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of each Guarantor hereunder shall not be discharged or impaired or otherwise affected by the failure of the Administrative Agent or any
Secured Party to assert any claim or demand or to enforce any remedy under the Credit Agreement, any other Loan Document, any Hedging Document or any other agreement, by any waiver or modification of any provision of any thereof, by any default,
failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations, or by any other act or omission that may or might in any manner or to the extent vary the risk of any Guarantor or that would otherwise operate as a discharge
of each Guarantor as a matter of law or equity (other than the indefeasible payment in full in cash of all the Obligations). 
 Section 5. Defenses of Borrower Waived. To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of any defense of any Loan Party or the unenforceability of the
Guaranteed Obligations or any part thereof from any cause, or the cessation from any cause of the liability of any Loan Party, other than the final and indefeasible payment in full in cash of the Guaranteed Obligations. The Administrative Agent and
the Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the
Guaranteed Obligations, make any other accommodation with any other Loan Party or any other guarantor, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the Guaranteed Obligations have been
fully, finally and indefeasibly paid in cash. Pursuant to applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of
reimbursement or subrogation or other right or remedy of such Guarantor against the Borrower or any other Guarantor or guarantor, as the case may be, or any security. 
 Section 6. Agreement to Pay; Subordination. In furtherance of the foregoing and not in limitation of any other right that the Administrative Agent or any Secured Party has at law
or in equity against any Guarantor by virtue hereof, upon the failure of the Borrower or any other Loan Party to pay any Obligation when and as the same shall become due (after giving effect to any applicable grace period), whether at maturity, by
acceleration, after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the Administrative Agent upon demand for the benefit of the Secured Parties in cash the amount of such unpaid
Obligation. Upon payment by any Guarantor of any sums to the Administrative Agent, all rights of such Guarantor against any Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise
shall in all respects be subordinate and junior in right of payment to the prior indefeasible payment in full in cash of all the Guaranteed Obligations. In addition, any indebtedness of any Loan Party now or hereafter held by any Guarantor is hereby
subordinated in right of payment to the prior payment in full in cash of the Guaranteed Obligations. If any amount shall erroneously be paid to any Guarantor








 
after an Event of Default has occurred and is continuing on account of (i) such subrogation, contribution, reimbursement, indemnity or similar right or (ii) any such indebtedness of any
Loan Party, such amount shall be held in trust for the benefit of the Administrative Agent and the Secured Parties and shall forthwith be paid to the Administrative Agent to be credited against the payment of the Guaranteed Obligations, whether
matured or unmatured, in accordance with the terms of the Loan Documents. 
 Section 7. Information.
Each Guarantor assumes all responsibility for being and keeping itself informed of other Loan Parties’ financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the
nature, scope and extent of the risks that such Guarantor assumes and incurs hereunder, and agrees that none of the Administrative Agent or the Secured Parties will have any duty to advise any of the Guarantors of information known to it or any of
them regarding such circumstances or risks. 
 Section 8. Indemnity and Subrogation. In addition to
all such rights of indemnity and subrogation as the Guarantors may have under applicable law (but subject to Section 6), the Borrower agrees that (a) in the event a payment shall be made by any Guarantor under this Agreement, the
Borrower shall indemnify such Guarantor for the full amount of such payment and such Guarantor shall be subrogated to the rights of the person to whom such payment shall have been made to the extent of such payment and (b) in the event any
assets of any Guarantor shall be sold to satisfy a claim of any Secured Party under this Agreement, the Borrower shall indemnify such Guarantor in an amount equal to the greater of the book value or the fair market value of the assets so sold.

 Section 9. Contribution and Subrogation. Each Guarantor (a “Contributing
Guarantor”) agrees (subject to Section 6) that, in the event a payment shall be made by any other Guarantor under this Agreement or assets of any other Guarantor shall be sold to satisfy a claim of any Secured Party and such
other Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by the Borrower as provided in Section 8, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the
amount of such payment or the greater of the book value or the fair market value of such assets, as the case may be, in each case multiplied by a fraction of which the numerator shall be the net worth of the Contributing Guarantor on the date hereof
and the denominator shall be the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 21, the date of the Supplement hereto executed and delivered by
such Guarantor). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 9 shall be subrogated to the rights of such Claiming Guarantor under Section 8 to the extent of such payment.

 Section 10. Subordination. Notwithstanding any provision of this Agreement to the contrary, all
rights of the Guarantors under Section 8 and Section 9 and all other rights of indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated to the indefeasible payment in full in cash
of the Guaranteed Obligations. No failure on the part of the Borrower or any Guarantor to make the payments required under applicable law or otherwise shall in any respect limit the obligations and liabilities of any








 
Guarantor with respect to its obligations hereunder, and each Guarantor shall remain liable for the full amount of the obligations of such Guarantor hereunder. 
 Section 11. Representations and Warranties. Each Guarantor represents and warrants as to itself that all
representations and warranties relating to it (as a Subsidiary of the Borrower) contained in the Credit Agreement are true and correct. 
 Section 12. Termination. The guarantees made hereunder (i) shall terminate when all the Guaranteed Obligations (other than Unasserted Obligations and those Guaranteed
Obligations relating to the Hedging Obligations) have been paid in full in cash and the Lenders have no further commitment to lend under the Credit Agreement, the LC Exposure has been reduced to zero and the Issuing Bank has no further obligation to
issue Letters of Credit under the Credit Agreement and (ii) shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by any
Lender or any Guarantor upon the bankruptcy or reorganization of the Borrower, any Guarantor or otherwise. In connection with the foregoing, the Administrative Agent shall execute and deliver to such Guarantor or Guarantor’s designee, at such
Guarantor’s expense, any documents or instruments, without representation or recourse, which such Guarantor shall reasonably request from time to time to evidence such termination and release. 
 Section 13. Binding Effect; Several Agreement; Assignments. Whenever in this Agreement any of the parties hereto
is referred to, such reference shall be deemed to include the successors and assigns of such party; and all covenants, promises and agreements by or on behalf of the Guarantors that are contained in this Agreement shall bind and inure to the benefit
of each party hereto and their respective successors and assigns. This Agreement shall become effective as to any Guarantor when a counterpart hereof executed on behalf of such Guarantor shall have been delivered to the Administrative Agent, and a
counterpart hereof shall have been executed on behalf of the Administrative Agent, and thereafter shall be binding upon such Guarantor and the Administrative Agent and their respective successors and assigns, and shall inure to the benefit of such
Guarantor, the Administrative Agent and the Secured Parties, and their respective successors and assigns, except that no Guarantor shall have the right to assign its rights or obligations hereunder or any interest herein (and any such attempted
assignment shall be void). If all of the capital stock of a Guarantor is sold, transferred or otherwise disposed of (including by merger or consolidation) pursuant to a transaction permitted by the Credit Agreement, or if a Guarantor is dissolved or
liquidated as permitted by the Credit Agreement, such Guarantor shall be released from its obligations under this Agreement without further action. This Agreement shall be construed as a separate agreement with respect to each Guarantor and may be
amended, modified, supplemented, waived or released with respect to any Guarantor without the approval of any other Guarantor and without affecting the obligations of any other Guarantor hereunder. 
 Section 14. Waivers; Amendment. 
 (a) No failure or delay of the Administrative Agent of any kind in exercising any power, right or remedy hereunder and no course of dealing between any Guarantor on the one hand the and Administrative
Agent or any holder of any Note on the other hand shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or remedy hereunder, under any other Loan Document or under any Hedging Document, or any








 
abandonment or discontinuance of steps to enforce such a power, right or remedy, preclude any other or further exercise thereof or the exercise of any other power, right or remedy. The rights and
of the Administrative Agent hereunder and of the Secured Parties under the other Loan Documents and the Hedging Documents, as applicable, are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any
provision of this Agreement or consent to any departure by any Guarantor therefrom shall in any event be effective unless the same shall be permitted by subsection (b) below, and then such waiver and consent shall be effective only in the
specific instance and for the purpose for which given. No notice or demand on any Guarantor in any case shall entitle such Guarantor to any other or further notice in similar or other circumstances. 
 (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to a written agreement entered into
between the Guarantors with respect to which such waiver, amendment or modification relates and the Administrative Agent, with the prior written consent of the Required Lenders (except as otherwise provided in the Credit Agreement). 
 Section 15. Notices. All communications and notices hereunder shall be in writing and given as provided in
Section 10.1 of the Credit Agreement. All communications and notices hereunder to each Guarantor shall be given to it at its address set forth on Schedule I attached hereto. 
 Section 16. Severability. Any provision of this Agreement held to be illegal, invalid or unenforceable in any
jurisdiction, shall, as to such jurisdiction, be ineffective to the extent of such illegality, invalidity or unenforceability without affecting the legality, validity or enforceability of the remaining provisions hereof or thereof; and the
illegality, invalidity or unenforceability of a particular provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 Section 17. Counterparts; Integration. This Agreement may be executed in counterparts, each of which shall
constitute an original, but all of which when taken together shall constitute a single contract (subject to Section 13), and shall become effective as provided in Section 13. Delivery of an executed signature page to this
Agreement by facsimile transmission shall be as effective as delivery of a manually executed counterpart of this Agreement. This Agreement constitutes the entire agreement among the parties hereto regarding the subject matters hereof and supersedes
all prior agreements and understandings, oral or written, regarding such subject matter. 
 Section 18. Rules of
Interpretation. The rules of interpretation specified in Section 1.4 of the Credit Agreement shall be applicable to this Agreement. 
 Section 19. Governing Law; Jurisdiction; Consent to Service of Process. 
 (a) This Agreement shall be construed in accordance with and be governed by the law (without giving effect to the conflict of law principles thereof) of the State of New York. 
 (b) Each Guarantor hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the United
States courts located within the Southern








 
district in the State of New York, and any state court of the State of New York located in New York City and any appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement, any other Loan Document or any Hedging Document or the transactions contemplated hereby or thereby, or for recognition or enforcement of any judgment, and each of the parties hereto hereby 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 extent permitted by applicable law, such Federal court. Each Guarantor 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 shall affect any right that the Administrative Agent, the Issuing Bank or
any Secured Party may otherwise have to bring any action or proceeding relating to this Agreement against any Guarantor or its properties in the courts of any jurisdiction. 
 (c) Each Guarantor irrevocably and unconditionally waives any objection which it may now or hereafter have to the laying of venue of any
such suit, action or proceeding described in paragraph (b) of this Section and brought in any court referred to in paragraph (b) of this Section. Each party hereto 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) Each Guarantor
irrevocably consents to the service of process in the manner provided for notices in Section 10.1 of the Credit Agreement. Nothing in this Agreement will affect the right of the Administrative Agent or any Secured Party to serve process in any
other manner permitted by law. 
 Section 20. Waiver of Jury Trial. EACH PARTY HERETO 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 THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR ANY HEDGING DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (i) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, AND (ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT, THE OTHER LOAN DOCUMENTS AND THE HEDGING DOCUMENTS BY, AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 Section 21. Additional
Guarantors. Pursuant to Section 5.12 of the Credit Agreement, each Restricted Subsidiary that was not in existence on the date of the Credit Agreement is required to enter into this Agreement as a Guarantor upon becoming a
Restricted Subsidiary. Upon execution and delivery after the date hereof by the Administrative Agent and such Restricted Subsidiary of an instrument in the form of Annex 1, such Restricted Subsidiary shall become a Guarantor hereunder with
the same force and effect as if originally named as a Guarantor herein. The execution and delivery of any instrument adding an additional Guarantor








 
as a party to this Agreement shall not require the consent of any other Guarantor hereunder. The rights and obligations of each Guarantor hereunder shall remain in full force and effect
notwithstanding the addition of any new Guarantor as a party to this Agreement. 
 Section 22. Right of
Setoff. If an Event of Default shall have occurred and be continuing, each Secured Party is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final) at any time held and other Indebtedness at any time owing by such Secured Party to or for the credit or the account of any Guarantor against any or all the obligations of such Guarantor now
or hereafter existing under this Agreement, the other Loan Documents and the Hedging Documents held by such Secured Party, irrespective of whether or not such Person shall have made any demand under this Agreement, any other Loan Document or any
Hedging Document and although such obligations may be unmatured. The rights of each Secured Party under this Section 22 are in addition to other rights and remedies (including other rights of setoff) that such Secured Party may have.

 Section 23. Savings Clause. 
 (a) Notwithstanding any provision herein contained to the contrary, each Guarantor’s liability hereunder shall be limited to an amount not to exceed as of any date of determination the greater of:

 (i) the net amount of all Loans and other extensions of credit (including Letters of Credit) advanced under the Credit
Agreement and directly or indirectly re-loaned or otherwise transferred to, or incurred for the benefit of, such Guarantor, plus interest thereon at the applicable rate specified in the Credit Agreement; or 
 (ii) the amount which could be claimed by the Agent and Lenders from such Guarantor under this Guaranty without rendering such claim
voidable or avoidable under Section 548 of Chapter 11 of the Bankruptcy Code or under any applicable state Uniform Fraudulent Transfer Act, Uniform Fraudulent Conveyance Act or similar statute or common law after taking into account, among
other things, such Guarantor’s right of contribution and indemnification from each other Guarantor under Sections 8 and 9. 
 (b) This Section 23 is intended solely to preserve the rights of the Administrative Agent and the Secured Parties hereunder to the maximum extent that would not cause the Guaranteed
Obligations of such Guarantor to be subject to avoidance or unenforceability under the Avoidance Provisions, and neither the Guarantors nor any other Person shall have any right or claim under this Section 23 as against the
Administrative Agent or Secured Parties that would not otherwise be available to such Person under the Avoidance Provisions. 
 [Signatures Follow] 







 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the
day and year first above written. 
  

			
	AFTON CHEMICAL ADDITIVES CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
	
	AFTON CHEMICAL ASIA PACIFIC LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	AFTON CHEMICAL CANADA HOLDINGS, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	AFTON CHEMICAL CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:


 [SIGNATURE PAGE TO AMENDED AND
RESTATED SUBSIDIARY GUARANTY AGREEMENT] 








					
	AFTON CHEMICAL JAPAN HOLDINGS, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	AFTON CHEMICAL INTANGIBLES LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	THE EDWIN COOPER CORPORATION
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	ETHYL ASIA PACIFIC LLC
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	ETHYL CANADA HOLDINGS, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	


 [SIGNATURE PAGE TO AMENDED AND RESTATED SUBSIDIARY GUARANTY AGREEMENT] 








					
	ETHYL CORPORATION
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	ETHYL EXPORT CORPORATION
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	ETHYL INTERAMERICA CORPORATION
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	ETHYL VENTURES, INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	INTERAMERICA TERMINALS CORPORATION
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	


 [SIGNATURE PAGE TO AMENDED AND RESTATED SUBSIDIARY GUARANTY AGREEMENT] 








			
	NEWMARKET INVESTMENT COMPANY
		
	By:	 	  

		 	Name:
		 	Title:
	
	NEWMARKET SERVICES CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
	
	OLD TOWN LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	NEWMARKET CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:


  

			
	 SUNTRUST BANK, as
 Administrative Agent

		
	By:	 	  

		 	Name:
		 	Title:

 [SIGNATURE PAGE TO AMENDED AND
RESTATED SUBSIDIARY GUARANTY AGREEMENT] 







 SCHEDULE I TO THE 
 SUBSIDIARY GUARANTY AGREEMENT 
  

			
	 Guarantor(s)
	  	 Address

	 Afton Chemical Additives Corporation
	  	
	 Afton Chemical Asia Pacific LLC
	  	
	 Afton Chemical Canada Holdings, Inc.
	  	
	 Afton Chemical Corporation
	  	
	 Afton Chemical Japan Holdings, Inc.
	  	
	 Afton Chemical Intangibles LLC
	  	
	 The Edwin Cooper Corporation
	  	
	 Ethyl Asia Pacific LLC
	  	
	 Ethyl Canada Holdings, Inc.
	  	
	 Ethyl Corporation
	  	
	 Ethyl Export Corporation
	  	
	 Ethyl Interamerica Corporation
	  	
	 Ethyl Ventures, Inc.
	  	
	 Interamerica Terminals Corporation
	  	
	 NewMarket Investment Company
	  	
	 NewMarket Services Corporation
	  	
	 Old Town LLC
	  	








 ANNEX 1 
 to 
 SUBSIDIARY GUARANTY AGREEMENT

 SUPPLEMENT NO.             , dated as of
                    , to the Amended and Restated Subsidiary Guaranty Agreement, dated as of December 21, 2006 (the “Guaranty
Agreement”), among NEWMARKET CORPORATION, a Virginia corporation (the “Borrower”), each of the subsidiaries of the Borrower listed on Schedule I thereto (each such subsidiary individually, a
“Guarantor” and collectively, the “Guarantors”) and SUNTRUST BANK, a Georgia banking corporation, as administrative agent (the “Administrative Agent”) for the Lenders (as defined in the Credit
Agreement referred to below). 
 Reference is made to the Second Amended and Restated Revolving Credit Agreement, dated as of
December 21, 2006 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the lenders from time to time party thereto (the “Lenders”) and
SunTrust Bank, as Administrative Agent and issuing bank (in such capacity, the “Issuing Bank”). 
 Capitalized
terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Guaranty Agreement and the Credit Agreement. 
 The Guarantors have entered into the Guaranty Agreement in order to induce the Lenders to make Loans and the Issuing Bank to issue Letters of Credit. Pursuant to Section 5.12 of the Credit Agreement,
each Subsidiary that was not in existence or not a Guarantor on the date of the Credit Agreement is required to enter into the Guaranty Agreement as a Guarantor upon becoming a Subsidiary. Section 21 of the Guaranty Agreement provides that
additional Subsidiaries of the Borrower may become Guarantors under the Guaranty Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary of the Borrower (the “New Guarantor”)
is executing this Supplement in accordance with the requirements of the Credit Agreement to become a Guarantor under the Guaranty Agreement in order to induce the Lenders to make additional Loans and the Issuing Bank to issue additional Letters of
Credit and as consideration for Loans previously made and Letters of Credit previously issued. 
 Accordingly, the
Administrative Agent and the New Guarantor agree as follows: 
 Joinder. In accordance with Section 21 of the
Guaranty Agreement, the New Guarantor by its signature below becomes a Guarantor under the Guaranty Agreement with the same force and effect as if originally named therein as a Guarantor and the New Guarantor hereby (i) agrees to all the terms
and provisions of the Guaranty Agreement applicable to it as Guarantor thereunder and (ii) represents and warrants that the representations and warranties made by it as a Guarantor thereunder are true and correct on and as of the date hereof.
Each reference to a Guarantor in the Guaranty Agreement shall be deemed to include the New Guarantor. The Guaranty Agreement is hereby incorporated herein by reference. 







 Representations and Warranties. The New Guarantor represents and warrants to the
Administrative Agent and the Secured Parties that this Supplement has been duly authorized, executed and delivered by it and that each of this Supplement and the Guaranty Agreement constitutes its legal, valid and binding obligation, enforceable
against it in accordance with its terms. 
 Binding Effect. This Supplement shall become effective when it shall have
been executed by the New Guarantor and thereafter shall be binding upon the New Guarantor and shall inure to the benefit of the Administrative Agent and the Secured Parties. Upon the effectiveness of this Supplement, this Supplement shall be deemed
to be a part of and shall be subject to all the terms and conditions of the Guaranty Agreement. The New Guarantor shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of the Secured
Parties. 
 Governing Law. THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAW (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF) OF THE STATE OF NEW YORK. 
 Execution in Counterparts. This Supplement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

 Notices to New Guarantor. All communications and notices hereunder shall be in writing and given as provided in
Section 15 of the Guaranty Agreement. All communications and notices hereunder to the New Guarantor shall be given to it at the address set forth under its signature below, with a copy to the Borrower. 
 [Signatures Follow] 







 IN WITNESS WHEREOF, the New Guarantor and the Administrative Agent have duly executed
this Supplement to the Guaranty Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW GUARANTOR]
		
	By:	 	  

		 	Name:
		 	Title:
		 	Address:
	
	 SUNTRUST BANK, as
 Administrative Agent

		
	By:	 	  

		 	Name:
		 	Title:









 EXHIBIT 2.3 
 FORM OF NOTICE OF REVOLVING BORROWING 
 [Date] 
 SunTrust Bank, 
     as Administrative Agent 
     for the Lenders referred to below 
 303 Peachtree Street, N.E. 
 Atlanta, GA 30308

 Ladies and Gentlemen: 
 Reference is made to the Second Amended and Restated Revolving Credit Agreement dated as of December 21, 2006 (as amended and in effect on the date hereof, the “Credit Agreement”), among the undersigned, as Borrower,
the lenders from time to time party thereto, and SunTrust Bank, as Administrative Agent. Terms defined in the Credit Agreement are used herein with the same meanings. This notice constitutes a Notice of Revolving Borrowing, and the Borrower hereby
requests a Revolving Borrowing under the Credit Agreement, and in that connection the Borrower specifies the following information with respect to the Revolving Borrowing requested hereby: 
  

	 	(A)	 Aggregate principal amount of Revolving Borrowing1:
                     


  

	 	(B)	Date of Revolving Borrowing (which is a Business Day):
                     

  

	 	(C)	 Interest Rate basis2:
                     


  

	 	(D)	 Interest Period3
:                      


  

	 	(E)	Location and number of Borrower’s account to which proceeds of Revolving Borrowing are to be disbursed:
                     

  

	1	 Not less than
$5,000,000 and an integral multiple of $1,000,000 for Eurodollar Borrowings. 



	2	 Eurodollar Borrowing or Base Rate Borrowing. 



	3	 Which must comply with the definition of “Interest Period” and end not later than the Revolving Commitment Termination Date.



 Exhibit 2.3-1 







 The Borrower hereby represents and warrants that the conditions specified in paragraphs
(a) and (b) of Section 3.2 of the Credit Agreement are satisfied. 
  

			
	Very truly yours,
	
	NEWMARKET CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:


 Exhibit 2.3-2 







 EXHIBIT 2.4 
 FORM OF NOTICE OF SWINGLINE BORROWING 
 [Date] 
 SunTrust Bank, 
     as Administrative Agent 
     for the Lenders referred to below 
 303 Peachtree Street, N.E. 
 Atlanta, GA 30308

 Ladies and Gentlemen: 
 Reference is made to the Second Amended and Restated Revolving Credit Agreement dated as of December 21, 2006 (as amended and in effect on the date hereof, the “Credit Agreement”), among the undersigned, as Borrower,
the Lenders named therein, and SunTrust Bank, as Administrative Agent. Terms defined in the Credit Agreement are used herein with the same meanings. This notice constitutes a Notice of Swingline Borrowing, and the Borrower hereby requests a
Swingline Loan under the Credit Agreement, and in that connection the Borrower specifies the following information with respect to the Swingline Borrowing requested hereby: 
  

	 	(A)	 Principal amount of Swingline Loan1:
                     


  

	 	(B)	Date of Swingline Loan (which is a Business Day)
                     

  

	 	(C)	Location and number of Borrower’s account to which proceeds of Swingline Loan are to be disbursed:
                     

 The Borrower hereby represents and warrants that the conditions specified in paragraphs (a) and (b) of Section 3.2 of the Credit Agreement are satisfied. 
  

			
	Very truly yours,
	
	NEWMARKET CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:


  

	1	 Not less than $100,000 and an integral multiple of $50,000 unless otherwise agreed. 


 Exhibit 2.4-1 







 EXHIBIT 2.6 
 FORM OF NOTICE OF CONTINUATION/CONVERSION 
 [Date] 
 SunTrust Bank, 
     as Administrative Agent 
     for the Lenders referred to below 
 303 Peachtree Street, N.E. 
 Atlanta, GA 30308

 Ladies and Gentlemen: 
 Reference is made to the Second Amended and Restated Revolving Credit Agreement dated as of December 21, 2006 (as amended and in effect on the date hereof, the “Credit Agreement”), among the undersigned, as Borrower,
the lenders named therein, and SunTrust Bank, as Administrative Agent. Terms defined in the Credit Agreement are used herein with the same meanings. This notice constitutes a Notice of Continuation/Conversion and the Borrower hereby requests the
conversion or continuation of a Revolving Borrowing under the Credit Agreement, and in that connection the Borrower specifies the following information with respect to the Revolving Borrowing to be converted or continued as requested hereby:

  

	 	(A)	 Revolving Borrowing to which this request applies:
                    1 


  

	 	(B)	Principal amount of Revolving Borrowing to be converted/continued:
                     

  

	 	(C)	Effective date of election (which is a Business Day):
                     

  

	 	(D)	Interest rate basis for resulting Revolving Borrowing:
                     

  

	 	(E)	 Interest Period for resulting Revolving Borrowing2:
                     


  

			
	Very truly yours,
	
	NEWMARKET CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:


  

	1	 If different options are being elected with respect to different portions of a Revolving Borrowing, specify the portions thereof that are to be
allocated to each resulting Revolving Borrowing. 



	2	 If not specified, deemed to be one month. 


 Exhibit 2.6-1 







 EXHIBIT 3.1(b)(iv) 
 FORM OF SECRETARY’S CERTIFICATE OF NEWMARKET CORPORATION 
 The undersigned, being the [Assistant] Secretary of NEWMARKET CORPORATION, a Virginia corporation (the “Company”), hereby gives this certificate to SUNTRUST BANK, in its capacity
as administrative agent (the “Administrative Agent”), for the several banks and other financial institutions from time to time party to the Credit Agreement (defined below) (the “Lenders”), to consummate certain
financial accommodations with the Company, pursuant to the terms of that certain Second Amended and Restated Credit Agreement (“Credit Agreement”), dated as of the date thereof, among the Company, the Lenders, and the Administrative
Agent. Capitalized terms used in this Secretary’s Certificate that are not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement. This Secretary’s Certificate is being delivered pursuant to
Section 3.1(b) of the Credit Agreement. 
 I,
                    , [Assistant] Secretary of
                     the Company DO HEREBY CERTIFY that: 
 1. Attached hereto as Exhibit A is a true and correct copy of the Articles of Incorporation of the Company, certified by the Clerk of the State Corporation Commission of the Commonwealth of
Virginia on                     , which have not been amended, restated, supplemented or otherwise modified since such date and are in full force and
effect on the date hereof. 
 2. Attached hereto as Exhibit B is a true and correct copy of the Bylaws of the Company,
which have not been amended, restated, supplemented or otherwise modified since such date and are in full force and effect on the date hereof. 
 3. Attached hereto as Exhibit C is a true and correct copy of certain resolutions duly adopted by the Board of Directors of the Company [at a meeting of said Board of Directors duly called and
held on                     ] [by the unanimous written consent of said Board of Directors on
                    ], which resolutions are the only resolutions adopted by the Board of Directors of the Company or any committee thereof
relating to the Credit Agreement and the other Loan Documents to which the Company is a party and the transactions contemplated therein and such resolutions have not been revoked, amended, supplemented or modified and are in full force and effect on
the date hereof. 
 4. Each of the persons named below is a duly elected and qualified officer of the Company holding the
respective office set forth opposite his or her name, and the signature set forth opposite of each such person is his or her genuine signature: 
  

					
	 Name
	  	 Title
	  	 Specimen Signature

			
	  
	  	  
	  	  

			
	  
	  	  
	  	  

			
	  
	  	[Assistant] Secretary	  	  


 Exhibit 3.1(b)(v)-1 







 IN WITNESS WHEREOF, I have hereunto signed my name this
            day of December, 2006 
  

	
	  

	Name:
	Title: [Assistant] Secretary


 I,
                    ,
                    of the Company, do hereby certify that
                     has been duly elected, is duly qualified and is the [Assistant] Secretary of the Company and that the signature set forth
above is his genuine signature. 
  

			
	  

	Name:	 	  

	Title:	 	  



 Exhibit 3.1(b)(v)-2 







 EXHIBIT A 
 [Articles] 
 Exhibit 3.1(b)(v)-3 







 EXHIBIT B 
 [Bylaws] 
 Exhibit 3.1(b)(v)-3 







 EXHIBIT C 
 [Resolutions] 
 Exhibit 3.1(b)(v)-3 







 EXHIBIT 3.1(b)(viii) 
 FORM OF OFFICER’S CERTIFICATE 
 Reference
is made to the Second Amended and Restated Revolving Credit Agreement dated as of December 21, 2006 (the “Credit Agreement”), among NewMarket Corporation (the “Borrower”), the lenders from time to time party
thereto, and SunTrust Bank, as Administrative Agent. Terms defined in the Credit Agreement are used herein with the same meanings. This certificate is being delivered pursuant to Section 3.1(b)(viii) of the Credit Agreement. 
 I, David A. Fiorenza, Principal Financial Officer of the Borrower, DO HEREBY CERTIFY that: 
 (a) the representations and warranties of the Borrower set forth in the Credit Agreement are true and correct in all material respects on
and as of the date hereof; 
 (b) no Default or Event of Default has occurred and is continuing at the date hereof; and

 (c) since December 31, 2005, which is the date of the most recent financial statements described in Section 4.4 of
the Credit Agreement, there has been no change which has had or could reasonably be expected to have a Material Adverse Effect. 
 IN WITNESS WHEREOF, I have hereunto signed my name this      day of December, 2006. 
  

			
	  

	Name:	 	David A. Fiorenza
	Title:	 	Principal Financial Officer


 Exhibit
3.1(b)(v)-3 







 EXHIBIT 5.1(c) 
 FORM OF COMPLIANCE CERTIFICATE 
  

			
	To:	 	SunTrust Bank, as Administrative Agent
		 	303 Peachtree St., N.E.
		 	Atlanta, GA 30308
		 	Attention:                     

 Ladies and Gentlemen: 
 Reference
is made to that certain Second Amended and Restated Revolving Credit Agreement dated as of December 21, 2006 (as amended and in effect on the date hereof, the “Credit Agreement”), among NewMarket Corporation (the
“Borrower”), the lenders named therein, and SunTrust Bank, as Administrative Agent. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement. 
 We,                      and
                    , being the duly elected and qualified, and acting in our capacities as chief executive officer and principal financial officer
of the Borrower, respectively, hereby certify to the Administrative Agent and each Lender as follows: 
 1. The consolidated
financial statements of the Borrower and its Subsidiaries attached hereto for the fiscal quarter ending                      fairly present in all
material respects the financial condition of the Borrower and its Subsidiaries as at the end of such fiscal quarter on a consolidated basis, and the related statements of income cash flows of the Borrower and its Subsidiaries for such fiscal
quarter, in accordance with generally accepted accounting principles consistently applied (subject, in the case of such quarterly financial statements, to normal year-end audit adjustments and the absence of footnotes). 
 2. The calculations set forth in Attachment 1 are computations of the financial covenants set forth in Article VI of the Credit
Agreement calculated from the financial statements referenced in clause 1 above in accordance with the terms of the Credit Agreement. 
 3. The Borrower and its Subsidiaries have complied with all the terms and provisions of Section 3.02(a) of the Sarbanes-Oxley Act as in effect on the date hereof. 
 4. Based upon a review of the activities of Borrower and its Subsidiaries and the financial statements attached hereto during the period
covered thereby, as of the date hereof, there exists no Default or Event of Default. 
 Exhibit 5.1(c)-1 







 [5. All rights obtained or acquired in all material Intellectual Property (as such term
is defined in the Security Agreement) by the Borrower or any Guarantor during the preceding two Fiscal Quarter period are set forth in Attachment 2. 
 6. Any change in (A) any Loan Party’s chief executive office or (B) any office in which it maintains
books or records relating to Collateral owned by it in excess of $1,000,000 or any office or facility at which Collateral in excess of $1,000,000 owned by it is located or any change in any Loan Party’s federal taxpayer identification number or
organizational number is set forth in Attachment 3.] 1 
  

			
	  

	Name:	 	  

	Title:	 	Chief Executive Officer
	
	  

	Name:	 	  

	Title:	 	Principal Financial Officer


  

	1	 Additional Intellectual Property acquired by the Borrower or any Guarantor, and the changes mentioned in paragraph 6 above must be reported in the
Compliance Certificate for the second and fourth quarters. 


 Exhibit 5.1(c)-2 







 Attachment 1 to Compliance Certificate 
 Exhibit 5.1(c)-3 







 Attachment 2 to Compliance Certificate 
 Exhibit 5.1(c)-4 







 Attachment 3 to Compliance Certificate 
 Exhibit 5.1(c)-1 







 EXHIBIT 8.2 
 LETTER AGREEMENT OF SPECIFIED HEDGE PROVIDERS 
 [Date] 
 SunTrust Bank, 
     as Administrative Agent 
     for the Lenders referred to below 
 303 Peachtree Street, N.E. 
 Atlanta, GA 30308

 Attention: 
 Dear Sirs: 

Reference is made to the Second Amended and Restated Revolving Credit Agreement dated as of December 21, 2006 (as amended and in effect on the date
hereof, the “Credit Agreement”), among NewMarket Corporation, as Borrower, the Lenders named therein, and SunTrust Bank, as Administrative Agent. Terms defined in the Credit Agreement are used herein with the same meanings.

 The undersigned is an Affiliate of a Lender and is party to a Hedging Transaction, dated as of the date hereof and enclosed as Exhibit A to
this letter agreement, incurred to limit interest rate or fee fluctuation with respect to the Loans and Letters of Credit. By executing this letter agreement, the undersigned: (i) appoints the Administrative Agent as its agent under the
applicable Loan Documents and (ii) agrees to be bound by the provisions of Article IX and X of the Credit Agreement. 
  

			
	Very truly yours,
	
	[NAME OF LENDER AFFILIATE]
		
	By:	 	  

		 	Name:
		 	Title:


 Exhibit 8.2-2 








			
	Acknowledged by:
	
	SUNTRUST BANK
		
	By:	 	  

		 	Name:
		 	Title:

 Exhibit 8.2-2