exv10w1






EXECUTION




AMENDED AND RESTATED CREDIT AGREEMENT




Originally dated as of November 15, 2007




among




QUEST RESOURCE CORPORATION

as the Borrower,




ROYAL BANK OF CANADA,

as Administrative Agent and Collateral Agent




and




The Lenders Party Hereto




$35,000,000




TERM LOAN




RBC CAPITAL MARKETS

As Lead Arranger and Sole Bookrunner




Dated as of July 11, 2008




 









 





TABLE OF CONTENTS




	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 	 
	ARTICLE I. DEFINITIONS AND ACOUNTING TERMS	 	 	1	 
	1.01
	 	Defined Terms	 	 	1	 
	1.02
	 	Other Interpretive Provisions	 	 	19	 
	1.03
	 	Accounting Terms	 	 	19	 
	1.04
	 	Rounding	 	 	20	 
	1.05
	 	References to Agreements and Laws	 	 	20	 
	 
	 	 	 	 	 	 
	ARTICLE II. THE TERM LOAN COMMITMENTS AND BORROWING	 	 	20	 
	2.01
	 	Term Loans	 	 	20	 
	2.02
	 	Intentionally Deleted	 	 	20	 
	2.03
	 	Borrowings, Conversions and Continuations of Loans	 	 	20	 
	2.04
	 	Prepayments	 	 	22	 
	2.05
	 	Reduction or Termination of Commitments	 	 	23	 
	2.06
	 	Repayment of Term Loans	 	 	23	 
	2.07
	 	Interest	 	 	23	 
	2.08
	 	Fees	 	 	24	 
	2.09
	 	Computation of Interest and Fees	 	 	24	 
	2.10
	 	Evidence of Debt	 	 	24	 
	2.11
	 	Payments Generally	 	 	25	 
	2.12
	 	Sharing of Payments	 	 	27	 
	2.13
	 	Pari Passu Lien Securing Lender Hedging Obligations	 	 	28	 
	2.14
	 	Letters of Credit	 	 	28	 
	 
	 	 	 	 	 	 
	ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY	 	 	28	 
	3.01
	 	Taxes	 	 	28	 
	3.02
	 	Illegality	 	 	30	 
	3.03
	 	Inability to Determine Rates	 	 	31	 
	3.04
	 	Increased Cost and Reduced Return; Capital Adequacy; Reserves on	 	 	 	 
	 
	 	Eurodollar Rate Loans	 	 	31	 
	3.05
	 	Compensation for Losses	 	 	32	 
	3.06
	 	Matters Applicable to all Requests for Compensation	 	 	32	 
	3.07
	 	Survival	 	 	32	 
	3.08
	 	Mitigation Obligations	 	 	32	 
	 
	 	 	 	 	 	 
	ARTICLE IV. CONDITIONS PRECEDENT TO BORROWING	 	 	33	 
	4.01
	 	Conditions Precedent to Borrowing	 	 	33	 
	 
	 	 	 	 	 	 
	ARTICLE V REPRESENTATIONS AND WARRANTIES	 	 	35	 
	5.01
	 	Existence; Qualification and Power; Compliance with Laws	 	 	35	 
	5.02
	 	Authorization; No Contravention	 	 	36	 
	5.03
	 	Governmental Authorization	 	 	36	 






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	 	 	 	 	Page	 
	 
	5.04
	 	Binding Effect	 	 	36	 
	5.05
	 	Financial Statements; No Material Adverse Effect	 	 	36	 
	5.06
	 	Litigation	 	 	37	 
	5.07
	 	No Default	 	 	37	 
	5.08
	 	Ownership of Property; Liens;	 	 	37	 
	5.09
	 	Environmental Compliance	 	 	37	 
	5.10
	 	Insurance	 	 	37	 
	5.11
	 	Taxes	 	 	37	 
	5.12
	 	ERISA Compliance	 	 	38	 
	5.13
	 	Subsidiaries and other Investments	 	 	38	 
	5.14
	 	Margin Regulations; Investment Company Act; Use of Proceeds	 	 	38	 
	5.15
	 	Disclosure; No Material Misstatements	 	 	39	 
	5.16
	 	Location of Business and Offices	 	 	39	 
	5.17
	 	Compliance with Laws	 	 	39	 
	5.18
	 	Third Party Approvals	 	 	39	 
	5.19
	 	Solvency	 	 	39	 
	 
	 	 	 	 	 	 
	ARTICLE VI. AFFIRMATIVE COVENANTS	 	 	39	 
	6.01
	 	Financial Statements	 	 	39	 
	6.02
	 	Certificates; Other Information	 	 	40	 
	6.03
	 	Notices	 	 	41	 
	6.04
	 	Payment of Obligations	 	 	41	 
	6.05
	 	Preservation of Existence, Etc.	 	 	42	 
	6.06
	 	Maintenance of Assets and Business	 	 	42	 
	6.07
	 	Maintenance of Insurance	 	 	42	 
	6.08
	 	Compliance with Laws and Contractual Obligations	 	 	42	 
	6.09
	 	Books and Records	 	 	43	 
	6.10
	 	Inspection Rights	 	 	43	 
	6.11
	 	Compliance with ERISA	 	 	43	 
	6.12
	 	Use of Proceeds	 	 	43	 
	6.13
	 	Material Agreements	 	 	43	 
	6.14
	 	Guaranties	 	 	43	 
	6.15
	 	Further Assurances; Additional Collateral	 	 	44	 
	6.16
	 	Fiscal Year	 	 	45	 
	 
	 	 	 	 	 	 
	ARTICLE VII NEGATIVE COVENANTS	 	 	45	 
	7.01
	 	Liens	 	 	45	 
	7.02
	 	Investments	 	 	47	 
	7.03
	 	Hedging Agreements	 	 	48	 
	7.04
	 	Indebtedness	 	 	48	 
	7.05
	 	Lease Obligations	 	 	49	 
	7.06
	 	Fundamental Changes	 	 	50	 
	7.07
	 	Dispositions	 	 	50	 
	7.08
	 	Restricted Payments; Distributions and Redemptions	 	 	50	 






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	 	 	 	 	Page	 
	 
	7.09
	 	ERISA	 	 	51	 
	7.10
	 	Nature of Business; Capital Expenditures; Risk Management	 	 	51	 
	7.11
	 	Transactions with Affiliates	 	 	51	 
	7.12
	 	Burdensome Agreements	 	 	51	 
	7.13
	 	Use of Proceeds	 	 	51	 
	7.14
	 	Material Agreements	 	 	51	 
	7.15
	 	Developmental Expenditures	 	 	52	 
	7.16
	 	Material Acquisitions	 	 	52	 
	7.17
	 	Financial Covenants	 	 	52	 
	 
	 	 	 	 	 	 
	ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES	 	 	52	 
	8.01
	 	Events of Default	 	 	52	 
	8.02
	 	Remedies Upon Event of Default	 	 	55	 
	8.03
	 	Application of Funds	 	 	55	 
	 
	 	 	 	 	 	 
	ARTICLE IX. ADMINISTRATIVE AGENT	 	 	55	 
	9.01
	 	Appointment and Authorization of Agents; Lender Hedging Agreements	 	 	56	 
	9.02
	 	Delegation of Duties	 	 	56	 
	9.03
	 	Default; Collateral	 	 	56	 
	9.04
	 	Liability of Agents	 	 	58	 
	9.05
	 	Reliance by Administrative Agent	 	 	58	 
	9.06
	 	Notice of Default	 	 	59	 
	9.07
	 	Credit Decision; Disclosure of Information by Administrative Agent	 	 	59	 
	9.08
	 	Indemnification of Agents	 	 	60	 
	9.09
	 	Administrative Agent in its Individual Capacity	 	 	60	 
	9.10
	 	Successor Administrative Agent and Collateral Agent	 	 	60	 
	9.11
	 	Other Agents; Arranger	 	 	61	 
	9.12
	 	Administrative Agent May File Proofs of Claim	 	 	61	 
	9.13
	 	Hedging Agreements	 	 	62	 
	 
	 	 	 	 	 	 
	ARTICLE X MISCELLANEOUS	 	 	62	 
	10.01
	 	Amendments, Release of Collateral, Etc	 	 	62	 
	10.02
	 	Notices and Other Communications; Facsimile Copies	 	 	64	 
	10.03
	 	No Waiver; Cumulative Remedies	 	 	65	 
	10.04
	 	Attorney Costs; Expenses and Taxes	 	 	65	 
	10.05
	 	Indemnification	 	 	66	 
	10.06
	 	Payments Set Aside	 	 	67	 
	10.07
	 	Successors and Assigns	 	 	67	 
	10.08
	 	Confidentiality	 	 	69	 
	10.09
	 	Set-off	 	 	70	 
	10.10
	 	Interest Rate Limitation	 	 	70	 
	10.11
	 	Counterparts	 	 	70	 
	10.12
	 	Integration	 	 	70	 
	10.13
	 	Survival of Representations and Warranties	 	 	71	 
	10.14
	 	Severability	 	 	71	 






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	 	 	 	 	Page	 
	 
	10.15
	 	Replacement of Lenders	 	 	71	 
	10.16
	 	Governing Law	 	 	71	 
	10.17
	 	Waiver of Right to Trial by Jury, Etc	 	 	72	 
	10.18
	 	Time of the Essence	 	 	73	 
	10.19
	 	ENTIRE AGREEMENT	 	 	73	 






iv









 






SCHEDULES




	 	 	 
	2.01
	 	Term Commitments
	5.13
	 	Subsidiaries and Equity Investments
	7.01
	 	Existing Liens
	7.04
	 	Indebtedness
	7.11
	 	Transactions With Affiliates
	10.02
	 	Addresses for Notices to Borrower, Guarantors and Administrative Agent






EXHIBITS




	 	 	 
	Exhibit:	 	Form of: 
	 
	 	 
	A-1
	 	Borrowing Notice
	A-2
	 	Conversion/Continuation Notice
	A-3
	 	Repayment Notice
	B
	 	Term Note
	C
	 	Compliance Certificate pursuant to Section 6.02(a)
	D
	 	Assignment and Assumption







v











 





AMENDED AND RESTATED CREDIT AGREEMENT




     THIS AMENDED AND RESTATED CREDIT AGREEMENT is entered into as of July 11, 2008, among QUEST
RESOURCE CORPORATION a Nevada corporation (the “Borrower”), each lender from time to time party
hereto (collectively, the “Lenders” and individually, “Lender”), ROYAL BANK OF CANADA, as
Administrative Agent and Collateral Agent.



PRELIMINARY STATEMENTS




     The Borrower, Administrative Agent, Collateral Agent and Lenders entered into a Credit
Agreement originally dated November 15, 2007 providing for an aggregate revolving credit facility
of $50,000,000, as amended by a First Amendment to Credit Agreement among the Borrower,
Administrative Agent, Collateral Agent and Lenders dated April 15, 2008 (as amended, the “Original
Credit Agreement”).



     The Borrower, Administrative Agent, Collateral Agent and the Lenders have agreed to amend and
restate in its entirety the Original Credit Agreement on the terms and conditions set forth herein,
to renew and rearrange the indebtedness outstanding under the Original Credit Agreement (but not to
repay or pay off such indebtedness), to remove the Revolving Credit Facility and to replace such
credit facility with a Term Loan in the amount of THIRTY FIVE MILLION DOLLARS ($35,000,000).



     In consideration of the mutual covenants and agreements herein contained, the parties hereto
hereby agree that the Original Credit Agreement is amended and restated in its entirety to read as
follows:



ARTICLE I.

DEFINITIONS AND ACCOUNTING TERMS




     1.01 Defined Terms.



     As used in this Agreement, the terms defined in the introductory paragraph hereof shall have
the meanings therein indicated and the following terms shall have the meanings set forth below:



     Adjusted Base Rate means the Base Rate plus four hundred basis points (400 bps).



     Adjusted Eurodollar Rate means the Eurodollar Rate plus five hundred basis points (500 bps).



     Administrative Agent means Royal Bank of Canada in its capacity as administrative agent under
any of the Loan Documents, or any successor administrative agent.



     Administrative Agent’s Office means the Administrative Agent’s address and, as appropriate,
account as set forth on Schedule 10.02, or such other address or account as the Administrative
Agent may from time to time notify to the Borrower and the Lenders.



     Administrative Details Form means the Administrative Details Reply Form furnished by a Lender
to the Administrative Agent in connection with this Agreement.



     Affiliate means, as to any Person, any other Person directly or indirectly controlling,
controlled by, or under direct or indirect common control with, such Person. A Person shall be
deemed to be




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controlled by any other Person if such other Person possesses, directly or indirectly, power to
direct or cause the direction of the management and policies of such Person whether by contract or
otherwise.



     Agent/Arranger Fee Letter has the meaning specified in Section 2.08(b).



     Agent-Related Persons means the Administrative Agent (including any successor administrative
agent), the Collateral Agent (including any successor collateral agent) and their respective
Affiliates (including the officers, directors, employees, agents and attorneys-in-fact of such
Person).



     Aggregate Term Loan Commitment has the meaning specified in the definition of “Term Loan
Commitment”.



     Agreement means this Amended and Restated Credit Agreement.



     Applicable Rate means the Adjusted Base Rate or the Adjusted Eurodollar Rate.



     Approved Fund means any Fund that is administered or managed by a Lender, an Affiliate of a
Lender, or an entity or an Affiliate of an entity that administers or manages a Lender.



     Arranger means RBC Capital Markets in its capacity as lead arranger and sole bookrunner.



     Assignment and Assumption means an Assignment and Assumption substantially in the form of
Exhibit D.



     Attorney Costs means and includes the reasonable fees and disbursements of any law firm or
other external counsel and the reasonable allocated cost of internal legal services and
disbursements of internal counsel.



     Attributable Indebtedness means, on any date, (a) in respect of any Capital Lease of any
Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared
as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the
capitalized amount of the remaining lease payments under the relevant lease that would appear on a
balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were
accounted for as a capital lease.



     Authorizations means all filings, recordings, and registrations with, and all validations or
exemptions, approvals, orders, authorizations, consents, franchises, licenses, certificates, and
permits from, any Governmental Authority.



     Base Rate means for any day a fluctuating rate per annum equal to the higher of (a) the
Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly
announced from time to time by the Administrative Agent as its “prime rate.” Such rate is a rate
set by the Administrative Agent based upon various factors including the Administrative Agent’s
costs and desired return, general economic conditions and other factors, and is used as a reference
point for pricing some loans, which may be priced at, above, or below such announced rate. Any
change in such rate announced by the Administrative Agent shall take effect at the opening of
business on the day specified in the public announcement of such change.



     Base Rate Loan means a Term Loan that bears interest based on the Adjusted Base Rate.




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     Board means the Board of Governors of the Federal Reserve System of the United States.



     Borrower has the meaning specified in the introductory paragraph hereto.



     Borrower Affiliate means each of the QRC Subsidiaries.



     Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and having
the same Interest Period made by each of the Lenders pursuant to Section 2.01.



     Borrowing Notice means a notice of (a) the initial Borrowing, (b) a conversion of Term Loans
from one Type to the other, or (c) a continuation of Term Loans as the same Type, pursuant to
Section 2.03(a), which, if in writing, shall be substantially in the form of Exhibit A-1 or A-2, as
applicable.



     Business Day means any day other than a Saturday, Sunday, or other day on which commercial
banks are authorized to close under the Laws of New York, or are in fact closed and, if such day
relates to any Eurodollar Rate Loan, means any such day on which dealings in Dollar deposits are
conducted by and between banks in the applicable offshore Dollar interbank market.



     Capital Expenditure by a Person means an expenditure (determined in accordance with GAAP) for
any fixed asset owned by such Person for use in the operations of such Person having a useful life
of more than one year, or any improvements or additions thereto.



     Capital Lease means any capital lease or sublease which should be capitalized on a balance
sheet in accordance with GAAP.



     Cash Equivalents means:




     (a) United States Dollars;




     (b) direct general obligations, or obligations of, or obligations fully and
unconditionally guaranteed as to the timely payment of principal and interest by, the United
States or any agency or instrumentality thereof having remaining maturities of not more than
thirteen (13) months, but excluding any such securities whose terms do not provide for
payment of a fixed dollar amount upon maturity or call for redemptions;




     (c) certificates of deposit and eurodollar-time deposits with remaining maturities of
thirteen (13) months or less, bankers acceptances with remaining maturities not exceeding one
hundred eighty (180) days, overnight bank deposits and other similar short term instruments,
in each case with any domestic commercial bank having capital and surplus in excess of
$250,000,000 and having a rating of at least “A2” by Moody’s or at least “A” by S&P;




     (d) repurchase obligations with a remaining term of not more than thirteen (13) months
for underlying securities of the types described in (b) and (c) above entered into with any
financial institution meeting the qualifications in (c) above;




     (e) commercial paper (having remaining maturities of not more than two hundred seventy
(270) days) of any Person rated “P-1” or better by Moody’s or “A-1” or the equivalent by S&P;




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     (f) money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7
under the Investment Company Act of 1940, as amended, (ii) are rated AAA by S&P or Aaa by
Moody’s and (iii) have portfolio assets of at least $5,000,000,000; and




     (g) money market mutual or similar funds having assets in excess of $100,000,000, at
least 95% of the assets of which are comprised of assets specified in clause (a) through (f)
above, except that with respect to the maturities of the assets included in such funds the
requirements of clauses (a) through (f) shall not be applied to the individual assets
included in such funds but to the weighted-average maturity of all assets included in such
funds.



     Change in Law means (a) the adoption of any law, rule or regulation after the date of this
Agreement, (b) any change in any law, rule or regulation or in the interpretation or application
thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any
Lender (or, for purposes of Section 3.04(b), by any Lending Office of such Lender or by such
Lender’s holding company, if any) 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.



     Change of Control means the acquisition by any Person, or two or more Persons acting in
concert, of beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange
Commission under the Securities Exchange Act of 1934) of 50% or more of the outstanding shares of
Voting Stock of Borrower; provided, however, that a merger of Borrower into another entity in which
the other entity is the survivor shall not be deemed a Change of Control if Borrower’s stockholders
of record as constituted immediately prior to such acquisition hold more than 50% of the
outstanding shares of Voting Stock of the surviving entity.



     Code means the Internal Revenue Code of 1986.



     Collateral means all property and interests in property and proceeds thereof now owned or
hereafter acquired by the Borrower, and its Subsidiaries (other than the Excluded MLP Entities) in
or upon which a Lien now or hereafter exists in favor of the Secured Parties, or the Administrative
Agent or Collateral Agent on behalf of the Secured Parties, including whether under this Agreement,
the Collateral Documents, or under any other document executed by any Borrower Affiliate (other
than the Excluded MLP Entities) and delivered to the Administrative Agent, Collateral Agent or any
Secured Party.



     Collateral Agent means Royal Bank of Canada in its capacity as collateral agent under any of
the Loan Documents, or any successor collateral agent.



     Collateral Deficiency means the Outstanding Amount of Term Loan Principal Debt is more than
50% of the Pledged Collateral Market Value.



     Collateral Documents means (a) each Guaranty, Mortgage and Security Agreement, and all other
security agreements, deeds of trust, mortgages, chattel mortgages, assignments, pledges,
guaranties, extension agreements and other similar agreements or instruments executed by the
Borrower, or any other Loan Party for the benefit of the Secured Parties now or hereafter delivered
to the Secured Parties, the Administrative Agent or the Collateral Agent pursuant to or in
connection with the transactions contemplated hereby, and all financing statements (or comparable
documents now or hereafter filed in accordance with the Uniform Commercial Code or comparable Law)
against the Borrower or any QRC Subsidiary as debtor in favor of the Secured Parties, the
Administrative Agent or the Collateral Agent for the benefit of the Secured Parties, as secured
party, to secure or guarantee the payment of any part of the




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Obligations or the performance of any other duties and obligations of Borrower under the Loan
Documents or the Lender Hedging Agreements, whenever made or delivered, and (b) any amendments,
supplements, modifications, renewals, replacements, consolidations, substitutions, restatements,
continuations, and extensions of any of the foregoing.



     Compensation Period has the meaning set forth in Section 2.11(e)(ii).



     Compliance Certificate means a certificate substantially in the form of Exhibit C.



     Consolidated Annualized EBITDA means, for the Borrower and the QRC Subsidiaries on a
consolidated basis (a) for the fiscal quarter ended March 31, 2008, Consolidated EBITDA for the
three month period ended March 31, 2008 multiplied by 4, (b) for the fiscal quarter ended June 30,
2008, Consolidated EBITDA for the six month period ended June 30, 2008 multiplied by 2, (c) for the
fiscal quarter ended September 30, 2008, Consolidated EBITDA for the nine month period ended
September 30, 2008 multiplied by 1.33, and (d) for the fiscal quarter ended December 31, 2008,
Consolidated EBITDA for the twelve month period ended December 31, 2008.



     Consolidated Annualized Interest Charges means, for the Borrower and the QRC Subsidiaries on a
consolidated basis (a) for the fiscal quarter ended March 31, 2008, Consolidated Interest Charges
for the three month period ended March 31, 2008 multiplied by 4, (b) for the fiscal quarter ended
June 30, 2008, Consolidated Interest Charges for the six month period ended June 30, 2008
multiplied by 2, (c) for the fiscal quarter ended September 30, 2008, Consolidated Interest Charges
for the nine month period ended September 30, 2008 multiplied by 1.33, and (d) for the fiscal
quarter ended December 31, 2008, Consolidated Interest Charges for the twelve month period ended
December 31, 2008.



     Consolidated EBITDA means, for any period, for the Borrower and the QRC Subsidiaries on a
consolidated basis, an amount equal to the sum of (i) Consolidated Net Income, (ii) Consolidated
Interest Charges, (iii) the amount of taxes, based on or measured by income, used or included in
the determination of such Consolidated Net Income, (iv) the amount of depreciation, depletion and
amortization expense deducted in determining such Consolidated Net Income, (v) merger and
acquisition costs incurred by the Borrower that are required to be expensed as a result of the
termination of the merger agreement with Pinnacle Gas Resources, Inc., (vi) merger and acquisition
costs required to be expensed under FAS 141(R), and (vii) other non-cash charges and expenses
deducted in the determination of such Consolidated Net Income, including, without limitation,
non-cash charges and expenses relating to Swap Contracts or resulting from accounting convention
changes, of the Borrower and the QRC Subsidiaries on a consolidated basis, all determined in
accordance with GAAP.



     Consolidated Funded Debt means, as of any date of determination, for the Borrower and the QRC
Subsidiaries on a consolidated basis, the sum of (a) the outstanding principal amount of all
obligations and liabilities, whether current or long-term, for borrowed money (including
Obligations hereunder), (b) all reimbursement obligations relating to letters of credit that have
been drawn and remain unreimbursed, (c) Attributable Indebtedness pertaining to Capital Leases, (d)
Attributable Indebtedness pertaining to Synthetic Lease Obligations, and (e) without duplication,
all Guaranty Obligations with respect to Indebtedness of the type specified in subsections (a)
through (d) above.



     Consolidated Interest Charges means, for any period, for the Borrower and the QRC Subsidiaries
on a consolidated basis, the sum of (a) all interest, premium payments, fees, charges and related
expenses of the Borrower and the QRC Subsidiaries in connection with Indebtedness (net of interest
rate Swap Contract settlements) (including capitalized interest), in each case to the extent
treated




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as interest in accordance with GAAP, and (b) the portion of rent expense of the Borrower and the
QRC Subsidiaries with respect to such period under Capital Leases that is treated as interest in
accordance with GAAP.



     Consolidated Net Income means, for any period, for the Borrower and the QRC Subsidiaries on a
consolidated basis, the net income or net loss of the Borrower and the QRC Subsidiaries from
continuing operations, provided that there shall be excluded from such net income (to the extent
otherwise included therein): (a) the income (or loss) of any entity other than a QRC Subsidiary in
which the Borrower or a QRC Subsidiary has an ownership interest, except to the extent that any
such income has been actually received by the Borrower or such QRC Subsidiary in the form of cash
dividends or similar cash distributions (including cash distributions actually received by Borrower
or any QRC Subsidiary from QMLP and QELP in respect of general partner interest, limited partner
interest and incentive distribution rights); (b) net extraordinary gains and losses (other than, in
the case of losses, losses resulting from charges against net income to establish or increase
reserves for potential environmental liabilities), (c) any gains or losses attributable to non-cash
write-ups or write-downs of assets, (d) proceeds of any insurance on property, plant or equipment
other than business interruption insurance, (e) any gain or loss, net of taxes, on the sale,
retirement or other disposition of assets (including the capital stock or other equity ownership of
any other Person, but excluding the sale of inventories in the ordinary course of business), and
(f) the cumulative effect of a change in accounting principles.



     Contractual Obligation means, as to any Person, any provision of any security issued by such
Person or of any agreement, instrument or other undertaking to which such Person is a party or by
which it or any of its property is bound.



     Debt Issuance means the issuance by the Borrower or any Subsidiary of any Indebtedness listed
in clause (a) of such definition other than Indebtedness permitted under Section 7.04.



     Debtor Relief Laws means the Bankruptcy Code of the United States, and all other liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement,
receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or
other applicable jurisdictions from time to time in effect and affecting the rights of creditors
generally.



     Default means any event that, with the giving of any notice, the passage of time, or both,
would be an Event of Default.



     Default Rate means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate,
if any, applicable to Base Rate Loans plus (c) 2% per annum; provided, however, that with respect
to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate
(including any Applicable Rate) otherwise applicable to such Eurodollar Rate Loan plus 2% per
annum, in each case to the fullest extent permitted by applicable Laws.



     Defaulting Lender means any Lender that (a) has failed to fund any portion of the Term Loans
required to be funded by it under this Agreement within one Business Day of the date required to be
funded by it under this Agreement, (b) has otherwise failed to pay over to Administrative Agent or
any other Lender any other amount required to be paid by it under this Agreement within one
Business Day of the date when due, unless the subject of a good faith dispute, or (c) has been
deemed insolvent or become the subject of a bankruptcy or insolvency proceeding.




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     Disposition or Dispose means the sale, transfer, license or other disposition (including any
sale and leaseback transaction) of any property (including stock, partnership and other equity
interests but excluding sale of inventory in the ordinary course of business) by any Person of
property owned by such Person, including any sale, assignment, transfer or other disposal, with or
without recourse, of any notes or accounts receivable or any rights and claims associated
therewith. For the avoidance of doubt, a Restricted Payment is not a Disposition.



     Dollar and $ means lawful money of the United States.



     Eligible Assignee means (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund, and
(d) any other Person (other than a natural Person) approved by the Administrative Agent and, unless
an Event of Default has occurred and is continuing, the Borrower (the Borrower’s approval not to be
unreasonably withheld, conditioned or delayed); provided that notwithstanding the foregoing,
“Eligible Assignee” shall not include the Borrower, or any of its Affiliates or Subsidiaries.



     Environmental Law means any applicable Law that relates to (a) the condition or protection of
air, groundwater, surface water, soil, or other environmental media, (b) the environment, including
natural resources or any activity which affects the environment, (c) the regulation of any
pollutants, contaminants, wastes, substances, and Hazardous Substances, including, without
limitation, the Comprehensive Environmental Response, Compensation, and Liability Act (42 U.S.C.
§9601 et seq.) (“CERCLA”), the Clean Air Act (42 U.S.C. § 7401 et seq.), the Federal Water
Pollution Control Act, as amended by the Clean Water Act (33 U.S.C. § 1251 et seq.), the Federal
Insecticide, Fungicide, and Rodenticide Act (7 U.S.C. § 136 et seq.), the Emergency Planning and
Community Right to Know Act of 1986 (42 U.S.C. § 1100 1 et seq.), the Hazardous Materials
Transportation Act (49 U.S.C. § 1801 et seq.), the National Environmental Policy Act of 1969 (42
U.S.C. § 4321 et seq.), the Oil Pollution Act (33 U.S.C. § 2701 et seq.), the Resource Conservation
and Recovery Act (42 U.S.C. § 6901 et seq.), the Rivers and Harbors Act (33 U.S.C. §401 et seq.),
the Safe Drinking Water Act (42 U.S.C. § 201 and § 300f et seq.), the Solid Waste Disposal Act, as
amended by the Resource Conservation and Recovery Act of 1976 and the Hazardous and Solid Waste
Amendments of 1984 (42 U.S.C. § 6901 et seq.), the Toxic Substances Control Act (15 U.S.C. § 2601
et seq.), and analogous state and local Laws, as any of the foregoing may have been and may be
amended or supplemented from time to time, and any analogous enacted or adopted Law, or (d) the
Release or threatened Release of Hazardous Substances.



     Equity Offering means a private or public sale of common or preferred stock in the Borrower
(or any other sale to the public of equity interest in the Borrower including from debt convertible
into equity of the Borrower), excluding proceeds from the exercise of director and employee stock
options.



     ERISA means the Employee Retirement Income Security Act of 1974 and any regulations issued
pursuant thereto.



     ERISA Affiliate means any trade or business (whether or not incorporated) under common control
with the Borrower within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and
(o) of the Code for purposes of provisions of this Agreement relating to obligations imposed under
Section 412 of the Code).



     ERISA Event means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by
the Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a
plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a
cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a
complete or partial




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withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a
Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate, the
treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the
commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an
event or condition which might reasonably be expected to constitute grounds under Section 4042 of
ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or
Multiemployer Plan; or (f) the imposition of any liability under Title IV of ERISA, other than PBGC
premiums due but not delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA
Affiliate.



     Eurodollar Rate means for any Interest Period with respect to any Eurodollar Rate Loan:




     (a) the rate per annum equal to the rate determined by the Administrative Agent to be
the offered rate that appears on the page of the LIBOR I screen (or any successor thereto)
that displays an average British Bankers Association Interest Settlement Rate for deposits in
Dollars (for delivery on the first day of such Interest Period) with a term equivalent to
such Interest Period, determined as of approximately 11:00 a.m. (London time) two Business
Days prior to the first day of such Interest Period, or




     (b) if the rate referenced in the preceding subsection (a) does not appear on such page
or service or such page or service shall cease to be available, the rate per annum equal to
the rate determined by the Administrative Agent to be the offered rate on such other page or
other service that displays an average British Bankers Association Interest Settlement Rate
for deposits in Dollars (for delivery on the first day of such Interest Period) with a term
equivalent to such Interest Period, determined as of approximately 11:00 a.m. (London time)
two Business Days prior to the first day of such Interest Period, or




     (c) if the rates referenced in the preceding subsections (a) and (b) are not available,
the rate per annum determined by the Administrative Agent as the rate of interest (rounded
upward to the next 1/100th of 1%) at which deposits in Dollars for delivery on the first day
of such Interest Period in same day funds in the approximate amount of the Eurodollar Rate
Loan being made, continued or converted by the Administrative Agent and with a term
equivalent to such Interest Period would be offered by the Administrative Agent’s London
Branch to major banks in the offshore Dollar market at their request at approximately 11:00
a.m. (London time) two Business Days prior to the first day of such Interest Period.



     Eurodollar Rate Loan means a Term Loan that bears interest at a rate based on the Adjusted
Eurodollar Rate.



     Event of Default means any of the events or circumstances specified in Article VIII.



     Excluded Assets means any contracts, agreements or permits as to which the granting of a
security interest in same would cause a default, termination or penalty thereunder or under any
applicable requirement of a Governmental Authority.



     Excluded MLP Entities means collectively QMLPGP, QMLP and each of their Subsidiaries, QELPGP,
QELP and each of their Subsidiaries.



     Facility means the Term Loan Facility as described in and subject to the limitations set forth
in Section 2.01.




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     Federal Funds Rate means, for any day, the rate per annum (rounded upwards to the nearest
1/100 of 1%) equal to the weighted average of the rates on overnight Federal funds transactions
with members of the Federal Reserve System arranged by Federal funds brokers on such day, as
published by the Federal Reserve Bank on the Business Day next succeeding such day; provided that
(a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on
such transactions on the next preceding Business Day as so published on the next succeeding
Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the
Federal Funds Rate for such day shall be the average rate charged to the Administrative Agent on
such day on such transactions as determined by the Administrative Agent.



     Foreign Lender means any Lender that is organized under the laws of a jurisdiction other than
that in which the Borrower is resident for tax purposes. For purposes of this definition, the
United States, each State thereof and the District of Columbia shall be deemed to constitute a
single jurisdiction.



     Fund means any Person (other than a natural person) that is (or will be) engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in
the ordinary course of its business.



     GAAP means generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board and the American Institute of Certified Public
Accountants and statements and pronouncements of the Financial Accounting Standards Board and the
Public Company Accounting Oversights Board or such other principles as may be approved by a
significant segment of the accounting profession, that are applicable to the circumstances as of
the date of determination, consistently applied.



     Governmental Authority means any nation or government, any state or other political
subdivision thereof, any agency, authority, instrumentality, regulatory body, court, administrative
tribunal, central bank or other legal entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government.



     Guarantors means any Person and every present and future Subsidiary of Borrower (other than
the Excluded MLP Entities) which undertakes to be liable for all or any part of the Obligations by
execution of a Guaranty, or otherwise.



     Guaranty means a Guaranty now or hereafter made by any Guarantor in favor of the
Administrative Agent on behalf of the Lenders, including any Subsidiary Guaranty, each in form and
substance acceptable to the Administrative Agent.



     Guaranty Obligation means, as to any Person, (a) any obligation, contingent or otherwise, of
such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other
payment obligation of another Person (the “primary obligor”) in any manner, whether directly or
indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay
(or advance or supply funds for the purchase or payment of) such Indebtedness or other payment
obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring
the obligee in respect of such Indebtedness or other payment obligation of the payment of such
Indebtedness or other payment obligation, (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 payment obligation, or (iv) entered into for the purpose
of assuring in any other manner the obligees in respect of such Indebtedness or other payment
obligation of the payment thereof or to protect such




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obligees against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of
such Person securing any Indebtedness or other payment obligation of any other Person, whether or
not such Indebtedness or other payment obligation is assumed by such Person; provided, however,
that the term “Guaranty Obligation” shall not include endorsements of instruments for deposit or
collection in the ordinary course of business. The amount of any Guaranty Obligation shall be
deemed to be the lesser of (a) an amount equal to the stated or determinable outstanding amount of
the related primary obligation and (b) the maximum amount for which such guaranteeing Person may be
liable pursuant to the terms of the instrument embodying such Guaranty Obligation, unless the
outstanding amount of such primary obligation and the maximum amount for which such guaranteeing
Person may be liable are not stated or determinable, in which case the amount of such Guaranty
Obligation shall be the maximum reasonably anticipated liability in respect thereof as determined
by the guaranteeing Person in good faith.



     Hazardous Substance means any substance that poses a threat to, or is regulated to protect,
human health, safety, public welfare, or the environment, including without limitation: (a) any
“hazardous substance,” “pollutant” or “contaminant,” and any “petroleum” or “natural gas liquids”
as those terms are defined or used under Section 101 of the Comprehensive Environmental Response,
Compensation and Liability Act of 1980, as amended ( 42 U.S.C. §§ 9601 et seq.) (CERCLA), (b)
“solid waste” as defined by the federal Solid Waste Disposal Act (42 U. S.C. § § 6901 et seq.), (c)
asbestos or a material containing asbestos, (d) any material that contains lead or lead-based
paint, (e) any item or equipment that contains or is contaminated by polychlorinated biphenyls, (f)
any radioactive material, (g) urea formaldehyde, (h) putrescible materials, (i) infectious
materials, (j) toxic microorganisms, including mold, or (k) any substance the presence or Release
of which requires reporting, investigation or remediation under any Environmental Law.



     Hydrocarbons means crude oil, condensate, natural gas, natural gas liquids, coal bed methane
and other hydrocarbons and all products refined or separated therefrom.



     Indebtedness means, as to any Person at a particular time, all of the following:




     (a) all obligations of such Person for borrowed money and all obligations of such Person
evidenced by bonds, debentures, notes, loan agreements or other similar instruments;




     (b) the face amount of all letters of credit (including standby and commercial),
banker’s acceptances, surety bonds, and similar instruments issued for the account of such
Person, and, without duplication, all drafts drawn and unpaid thereunder;




     (c) whether or not so included as liabilities in accordance with GAAP, all obligations
of such Person to pay the deferred purchase price of property or services, other than trade
accounts payable in the ordinary course of business not overdue by more than 90 days, and
Indebtedness of others (excluding prepaid interest thereon) secured by a Lien on property
owned or being purchased by such Person, whether or not such Indebtedness shall have been
assumed by such Person or is limited in recourse;




     (d) all obligations of such Person under conditional sales or other title retention
agreements relating to property acquired by such Person;




     (e) Capital Leases and Synthetic Lease Obligations of such Person; and




     (f) all Guaranty Obligations of such Person in respect of any of the foregoing.




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     For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any
partnership or joint venture in which such Person is a general partner, unless such Indebtedness is
expressly made non-recourse to such Person except for customary exceptions acceptable to the
Required Lenders. The amount of any Capital Lease or Synthetic Lease Obligation as of any date
shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of such date.
In addition, the determination of Indebtedness of the Borrower and/or the QRC Subsidiaries shall be
made on a consolidated basis without taking into account any Indebtedness owed by any such Person
to any other such Person.



     Indemnified Liabilities has the meaning set forth in Section 10.05.



     Indemnitees has the meaning set forth in Section 10.05.



     Insurance Payment means any payment by an insurance company or other surety on account of
property damage or casualty loss to any property of the Borrower or any QRC Subsidiary.



     Interest Coverage Ratio means for any relevant period and as of any determination date, as
calculated based on the quarterly compliance certificate most recently delivered pursuant to
Section 6.02(a) for the Borrower and the QRC Subsidiaries, the ratio of (a) Consolidated EBITDA for
the four (4) fiscal quarters ending on the applicable determination date (or Consolidated
Annualized EBITDA for periods ending on or before December 31, 2008) to (b) Consolidated Interest
Charges for the four (4) fiscal quarters ending on the applicable determination date (or
Consolidated Annualized Interest Charges for periods ending on or before December 31, 2008).



     Interest Payment Date means, (a) as to any Term Loan other than a Base Rate Loan, the last day
of each Interest Period applicable to such Term Loan; provided, however, that if any Interest
Period for a Eurodollar Rate Loan exceeds three months, the respective dates that fall every three
months after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as
to any Base Rate Loan, the last Business Day of each March, June, September and December and the
Maturity Date.



     Interest Period means, as to each Eurodollar Rate Loan, the period commencing on the date such
Eurodollar Rate Loan is converted to or continued as a Eurodollar Rate Loan and ending on the date
one, two, three or six months thereafter, as selected by the Borrower in its Borrowing Notice;
provided that:




     (i) any Interest Period that would otherwise end on a day that is not a Business Day
shall be extended to the next succeeding Business Day unless, in the case of a Eurodollar
Rate Loan, such Business Day falls in another calendar month, in which case such Interest
Period shall end on the next preceding Business Day;




     (ii) any Interest Period pertaining to a Eurodollar Rate Loan that begins on the last
Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the calendar month at the end of such Interest Period) shall end on the last Business
Day of the calendar month at the end of such Interest Period; and




     (iii) no Interest Period shall extend beyond the Maturity Date.



     Investment means, as to any Person, any acquisition or investment by such Person, whether by
means of (a) the purchase or other acquisition of capital stock or other securities of another
Person, (b) a loan, advance or capital contribution to, guaranty of Indebtedness of, or purchase or
other acquisition of




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any other Indebtedness or equity participation or interest in, another Person, including any
partnership or joint venture interest in such other Person, or (c) the purchase or other
acquisition (in one transaction or a series of transactions) of assets of another Person that
constitute a business unit. For purposes of covenant compliance, the amount of any Investment shall
be the amount actually invested, without adjustment for subsequent increases or decreases in the
value of such Investment, less all returns of principal or equity thereon, and shall, if made by
the transfer or exchange of property other than cash be deemed to have been made in an amount equal
to the fair market value of such property.



     IRS means the United States Internal Revenue Service.



     ISDA means the International Swaps and Derivatives Association, Inc.



     Laws means, collectively, all applicable international, foreign, federal, state and local
statutes, treaties, rules, regulations, ordinances, codes and administrative or judicial precedents
or authorities, including the interpretation or administration thereof by any Governmental
Authority charged with the enforcement, interpretation or administration thereof, and all
applicable administrative orders, licenses, authorizations and permits of, any Governmental
Authority.



     L/C Terms and Conditions means the Terms and Conditions for Standby Letters of Credit of even
herewith executed by Borrower in favor of Royal Bank of Canada.



     Lender has the meaning specified in the introductory paragraph hereto.



     Lender Hedging Agreement means a Swap Contract between the Borrower and any of the QRC
Subsidiaries and a Lender or an Affiliate of a Lender.



     Lending Office means, as to any Lender, the office or offices of such Lender set forth on its
Administrative Details Form, or such other office or offices as a Lender may from time to time
notify the Borrower and the Administrative Agent.



     Letter of Credit Application has the meaning specified in Section 2.14.



     Leverage Ratio means, for the Borrower and the QRC Subsidiaries on a consolidated basis, the
ratio, as calculated based on the quarterly compliance certificate most recently delivered pursuant
to Section 6.02(a), of (a) Consolidated Funded Debt as of the determination date to (b)
Consolidated EBITDA for the four (4) fiscal quarters ending on the applicable determination date
(or Consolidated Annualized EBITDA for periods ending on or before December 31, 2008).



     Lien means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance,
lien (statutory or other), charge, or preference, priority or other security interest or
preferential arrangement of any kind or nature whatsoever to secure or provide for payment of any
obligation of any Person (including any conditional sale or other title retention agreement, any
financing lease having substantially the same economic effect as any of the foregoing, and the
filing of any financing statement under the Uniform Commercial Code or comparable Laws of any
jurisdiction, other than any financing statement filed as a notice filing), including the interest
of a purchaser of accounts receivable.



     Loan Documents means this Agreement, each Term Note, each of the Collateral Documents, the
Agent/Arranger Fee Letter, each Borrowing Notice, each Letter of Credit Application, the L/C Terms
and




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Conditions, each Compliance Certificate, the Guaranties, and each other agreement, document or
instrument delivered by any Loan Party from time to time in connection with this Agreement and the
Term Notes.



     Loan Party means each of the Borrower, each Guarantor, and each other entity that is an
Affiliate of the Borrower that executes one or more Loan Documents, but specifically excluding the
Excluded MLP Entities.



     Margin Regulations means Regulations U, T and X of the Board.



     Material Acquisition means any acquisition of property or series of related acquisitions of
property that involves the payment of consideration (including, without limitation, the issuance of
equity) by the Borrower and the QRC Subsidiaries in excess of $10,000,000.



     Material Adverse Effect means: (a) a material adverse change in, or a material adverse effect
upon, the operations, business, properties or financial condition of the Borrower and the QRC
Subsidiaries taken as a whole; (b) a material adverse effect on the ability of any Loan Party to
perform its obligations under the Loan Documents to which it is a party; or (c) a material adverse
effect upon the legality, validity, binding effect or enforceability against the Borrower or any
other Loan Party of any Loan Documents.



     Material Agreements means the following: (i) Omnibus Agreement (QMLP) and (ii) Omnibus
Agreement (QELP) and any agreement or agreements entered into in replacement or substitution of any
of the forgoing. “Material Agreement” means each of such Material Agreements.



     Material Disposition means any sale, transfer or other disposition of property or series of
related sales, transfers or other dispositions of properties that yields gross proceeds to the
Borrower or any QRC Subsidiary in excess of $5,000,000.



     Maturity Date means (a) July 11, 2010, or (b) such earlier effective date of any other
termination, cancellation, or acceleration of the Aggregate Term Loan Commitment under this
Agreement.



     Maximum Amount and Maximum Rate respectively mean, for each Lender, the maximum non-usurious
amount and the maximum non-usurious rate of interest which, under applicable Law, such Lender is
permitted to contract for, charge, take, reserve, or receive on the Obligations.



     Midstream Businesses means gathering, transportation, fractionation, processing, marketing,
and storage of natural gas, crude oil, natural gas liquids and other liquid and gaseous
hydrocarbons and businesses closely related to the foregoing.



     MLP Units means collectively QELP Units and QMLP Units.



     Moody’s means Moody’s Investors Service, Inc.



     Mortgaged Properties means collectively all the Mortgaged Property as defined in the Mortgages
and Mortgaged Property individually means any one of such Mortgaged Properties.



     Mortgages means the mortgages, deeds of trust, or similar instruments executed by any of the
Loan Parties in favor of Administrative Agent or Collateral Agent, for the benefit of the Secured
Parties,




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and all supplements, assignments, amendments, and restatements thereto (or any agreement in
substitution therefor, and Mortgage means each of such Mortgages).



     Multiemployer Plan means any employee benefit plan of the type described in Section 4001(a)(3)
of ERISA, to which the Borrower or any ERISA Affiliate makes or is obligated to make contributions,
or during the preceding three calendar years, has made or been obligated to make contributions.



     Net Cash Proceeds means (a) with respect to any Disposition, cash (including any cash received
by way of deferred payment as and when received) received by the Borrower or any of its
Subsidiaries in connection with and as consideration therefor, on or after the date of consummation
of such transaction, after (i) deduction of Taxes payable in connection with or as a result of such
transaction, and (ii) payment of all brokerage commissions and all other fees and expenses related
to such transaction (including, without limitation, attorneys’ fees and closing costs incurred in
connection with such transaction), (b) with respect to the Debt Issuance or any other Indebtedness
refinancing the Term Loans, proceeds of such Debt Issuance or other refinancing Indebtedness after
payment of all cash closing costs and transaction costs, and (c) with respect to any Equity
Offering, proceeds of such Equity Offering after payment of underwriting fees and payment of all
cash closing costs and transaction costs.



     Obligations means all advances to, and debts, liabilities, obligations (including
reimbursement obligations associated with any letter of credit issued by Royal Bank of Canada for
the account of any Loan Party), covenants and duties of, any Loan Party arising under any Loan
Document, whether direct or indirect (including those acquired by assumption), absolute or
contingent, due or to become due, now existing or hereafter arising and including interest that
accrues after the commencement by or against any Loan Party of any proceeding under any Debtor
Relief Laws naming such Person as the debtor in such proceeding. In addition, all references to the
“Obligations” in the Collateral Documents and in Sections 2.13 and 10.09 of this Agreement shall,
in addition to the foregoing, also include all present and future indebtedness, liabilities, and
obligations (and all renewals and extensions thereof or any part thereof) now or hereafter owed to
any Lender or any Affiliate of a Lender arising pursuant to any Lender Hedging Agreement.



     Obligor means the Borrower or any other Person (other than the Administrative Agent,
Collateral Agent or any Lender) obligated under any Loan Document.



     Oil and Gas Properties means fee, leasehold or other interests in or under mineral estates or
Hydrocarbon leases with respect to properties situated in the United States, including overriding
royalty and royalty interests, leasehold estate interests, net profits interests, production
payment interests and mineral fee interests, together with contracts executed in connection
therewith and all tenements, hereditaments, appurtenances and properties, real or personal,
appertaining, belonging, affixed or incidental thereto.



     Omnibus Agreement (QMLP) means the Omnibus Agreement dated as of December 22, 2006 among the
Borrower, QMLPGP, QMLP and Bluestem Pipeline, LLC.



     Omnibus Agreement (QELP) means the Omnibus Agreement dated as of November 15, 2007 among the
Borrower, QELPGP and QELP.



     Organization Documents means, (a) with respect to any corporation, the certificate or articles
of incorporation and the bylaws; (b) with respect to any limited liability company, the certificate
of




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formation and operating agreement; and (c) with respect to any partnership, joint venture, trust or
other form of business entity, the partnership, joint venture or other applicable agreement of
formation and any agreement, instrument, filing or notice with respect thereto filed in connection
with its formation with the secretary of state or other department in the state of its formation,
in each case as amended from time to time.



     Original Credit Agreement has the meaning set forth in the Preliminary Statement.



     Other Taxes has the meaning specified in Section 3.01(b).



     Outstanding Amount on any date (i) with respect to Term Loans, means the Term Loan Principal
Debt, and (ii) for purposes of Section 2.11(d) with respect to Obligations under a Lender Hedging
Agreement, means the amount then due and payable under such Lender Hedging Agreement.



     Participant has the meaning specified in Section 10.07(d).



     PBGC means the Pension Benefit Guaranty Corporation.



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



     Permitted Liens means Liens permitted under Section 7.01 as described in such Section.



     Person means any individual, trustee, corporation, general partnership, limited partnership,
limited liability company, joint stock company, trust, unincorporated organization, bank, business
association, firm, joint venture or Governmental Authority.



     PetroEdge Disposition means the conveyance by Quest Eastern Resource LLC, f/k/a PetroEdge
Resources (WV), LLC, a Delaware limited liability company and Wholly-Owned Subsidiary of Borrower,
of its proved developed producing wells and proved developed non-producing wells and related assets
located in the States of West Virginia and New York to Quest Cherokee, LLC, a Delaware limited
liability company and Wholly-Owned Subsidiary of QELP.



     Plan means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA)
established by the Borrower or any ERISA Affiliate.



     Pledged Collateral Market Value means for MLP Units, (i) if such MLP Units are publicly traded
and quotations are available, the closing sale price of the MLP Units on the preceding Business Day
or if there is no closing sale price, any reasonable estimate of the market value of the MLP Units
as of the close of business on the preceding Business Day based on the most recent trade price for
such MLP Units and (ii) if such MLP Units are not publicly traded and quotations are not available
(such as subordinated MLP Units or unregistered MLP Units) such MLP Units will be valued at 85% of
the current market value of similar publicly traded MLP Units).




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     Pro Rata Share with respect to each Lender, at any time, a fraction (expressed as a
percentage, carried out to the ninth decimal place), the numerator of which is the amount of Term
Loans of such Lender at such time and the denominator of which is the amount of Aggregate Term
Loans at such time. The initial Pro Rata Share of each Lender is set out opposite the name of such
Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a
party hereto, as applicable.



     QELP means Quest Energy Partners, L.P., a Delaware limited partnership.



     QELPGP means Quest Energy GP, LLC, a Delaware limited liability company, and the sole general
partner of QELP.



     QELP Units means common or subordinated units of limited partnership in QELP which may be
registered or unregistered under state or federal securities Laws.



     QMLP means Quest Midstream Partners, L.P., a Delaware limited partnership.



     QMLPGP means Quest Midstream GP, LLC, a Delaware limited liability company, and the sole
general partner of QMLP.



     QMLP Units means common or subordinated units of limited partnership in QMLP which may be
registered or unregistered under state or federal securities Laws.



     QRC Subsidiary means any Subsidiary of the Borrower other than the Excluded MLP Entities.



     Reference Period has the meaning set forth in Section 7.17.



     Register has the meaning set forth in Section 10.07(c).



     Related Parties means, 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
Affiliate.



     Release means any spilling, leaking, pumping, pouring, emitting, emptying, discharging,
injecting, escaping, leaching, dumping, disposal, deposit, dispersal, migrating, or other movement
into the air, ground, or surface water, or soil.



     Reportable Event means any of the events set forth in Section 4043(c) of ERISA, other than
events for which the 30 day notice period has been waived.



     Required Lenders means, as of any date of determination, Lenders holding in the aggregate more
than 66+2/3% of the Term Loan Principal Debt; provided that the portion of the Term Loan Principal
Debt held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a
determination of Required Lenders.



     Repayment Notice means a notice of repayment of a Borrowing pursuant to Section 2.04(a),
which, if in writing, shall be substantially in the form of Exhibit A-3.



     Responsible Officer means the president, chief executive officer, executive vice president,
senior vice president, vice president, chief financial officer, controller, treasurer or assistant
treasurer of a




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Person. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party
shall be conclusively presumed to have been authorized by all necessary corporate, partnership,
limited liability company, and/or other action on the part of such Loan Party and such Responsible
Officer shall be conclusively presumed to have acted on behalf of such Loan Party.



     Restatement Date means the date upon which this Agreement has been executed by the Borrower,
the Lenders and the Administrative Agent.



     Restricted Payment by a Person means any dividend or other distribution (whether in cash,
securities or other property) with respect to any equity interest in such Person, or any payment
(whether in cash, securities or other property), including any sinking fund or similar deposit on
account of the purchase, redemption, retirement, acquisition, cancellation or termination of any
such equity interest or of any option, warrant or other right to acquire any such equity interest.



     Rights means rights, remedies, powers, privileges, and benefits.



     S&P means Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc.



     Secured Parties means the Lenders party to this Agreement and the Lenders and/or any Affiliate
of a Lender party to a Lender Hedging Agreement. The term “Secured Parties” shall include a former
Lender or an Affiliate of a former Lender that is party to a Swap Contract with any Loan Party;
provided that such former Lender or Affiliate was a Lender or an Affiliate of a Lender at the time
it entered into such Swap Contract.



     Security Agreements means, collectively, the security agreements, or similar instruments,
executed by any of the Loan Parties in favor of the Administrative Agent or the Collateral Agent
for the benefit of the Secured Parties, in form and substance acceptable to the Administrative
Agent, and all supplements, assignments, amendments, and restatements thereto (or any agreement in
substitution therefor), and “Security Agreement” means each of such Security Agreements.



     Subsidiary of a Person means a corporation, partnership, joint venture, limited liability
company or other business entity of which a majority of the shares of securities or other interests
having ordinary voting power for the election of directors or other governing body (other than
securities or interests having such power only by reason of the happening of a contingency) are at
the time beneficially owned, or the management of which is otherwise controlled, directly, or
indirectly through one or more intermediaries, or both, by such Person. Unless otherwise
specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary
or Subsidiaries of the Borrower (excluding the Excluded MLP Entities).



     Subsidiary Guaranty means any Guaranty made by a Subsidiary of the Borrower in favor of the
Administrative Agent on behalf of the Lenders, in form and substance acceptable to the
Administrative Agent.



     Swap Contract means (a) any and all interest rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward
commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest
rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, or any other




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similar transactions or any combination of any of the foregoing (including any options to enter
into any of the foregoing), whether or not any such transaction is governed by or subject to any
master agreement, and (b) any and all transactions of any kind, and the related confirmations,
which are subject to the terms and conditions of, or governed by, any form of master agreement
published by the International Swaps and Derivatives Association, Inc., any International Foreign
Exchange Master Agreement, or any other master agreement (any such master agreement, together with
any related schedules, a “Master Agreement”), including any such obligations or liabilities under
any Master Agreement.



     Swap Termination Value means, in respect of any one or more Swap Contracts, after taking into
account the effect of any legally enforceable netting agreement relating to such Swap Contracts,
(a) for any date on or after the date such Swap Contracts have been closed out and termination
value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior
to the date referenced in clause (a) the amount(s) determined as the mark-to-market value(s) for
such Swap Contracts, as determined based upon one or more mid-market or other readily available
quotations provided by any recognized dealer in such Swap Contracts (which may include any Lender).



     Synthetic Lease Obligation means the monetary obligation of a Person under (a) a so-called
synthetic or tax retention lease, or (b) an agreement for the use or possession of property
creating obligations that do not appear on the balance sheet of such Person but which are
depreciated for tax purposes by such Person.



     Taxes has the meaning set forth in Section 3.01(a).



     Term Loan Commitment means, as to each Lender, its obligation to make Term Loans to the
Borrower pursuant to Section 2.01 in an aggregate principal amount at any one time outstanding not
to exceed the amount stated beside such Lender’s name on the most-recently amended Schedule 2.01 to
this Agreement (which amount is subject to increase, reduction, or cancellation in accordance with
the Loan Documents) and collectively for all Lenders an amount (subject to reduction or
cancellation as herein provided) equal to $35,000,000 (collectively, the Term Loan Commitments of
all the Lenders herein the “Aggregate Term Loan Commitments”).



     Term Loan Facility means the credit facility as described in and subject to the limitations
set forth in Section 2.01.



     Term Loan Principal Debt means, on any date of determination, the aggregate unpaid principal
balance of all Loans under the Term Loan Facility.



     Term Loans means an extension of credit by a Lender to the Borrower pursuant to Section 2.01.



     Term Note means a promissory note of the Borrower in substantially the form of Exhibit B-2,
evidencing the obligation of Borrower to repay the Term Loans and all renewals and extensions of
all or any part thereof.



     Type means, with respect to a Term Loan, its character as a Base Rate Loan or a Eurodollar
Rate Loan.



     Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under
Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in
accordance with




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the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the
applicable plan year.



     United States or U.S. means the United States of America, its fifty states and the District of
Columbia.



     Voting Stock means the capital stock (or equivalent thereof) of any class or kind, of a
Person, the holders of which are entitled to vote for the election of directors, managers, or other
voting members of the governing body of such Person.



     Wholly-Owned when used in connection with a Person means any Subsidiary of such Person of
which all of the issued and outstanding equity interests (except shares required as directors’
qualifying shares) shall be owned by such Person or one or more of its Wholly-Owned Subsidiaries.



     1.02 Other Interpretive Provisions.



     (a) The meanings of defined terms are equally applicable to the singular and plural forms of
the defined terms.



     (b) (i) The words “herein” and “hereunder” and words of similar import when used in any Loan
Document shall refer to such Loan Document as a whole and not to any particular provision thereof.




     (ii) Unless otherwise specified herein, Article, Section, Exhibit and Schedule
references are to this Agreement.




     (iii) The term “including” is by way of example and not limitation.




     (iv) The term “documents” includes any and all instruments, documents, agreements,
certificates, notices, reports, financial statements and other writings, however evidenced.



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



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



     1.03 Accounting Terms.



     (a) All accounting terms not specifically or completely defined herein shall be construed in
conformity with, and all financial data required to be submitted pursuant to this Agreement shall
be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time,
applied in a manner consistent with that used in preparing the audited financial statements, except
as otherwise specifically prescribed herein.



     (b) If at any time any change in GAAP would affect the computation of any financial ratio or
requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall
so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to
amend




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such ratio or requirement to preserve the original intent thereof in light of such change in GAAP
(subject to the approval of the Required Lenders); provided that, until so amended, (a) such ratio
or requirement shall continue to be computed in accordance with GAAP prior to such change therein
and (b) the Borrower shall provide to the Administrative Agent and the Lenders financial statements
and other documents required under this Agreement or as reasonably requested hereunder setting
forth a reconciliation between calculations of such ratio or requirement made before and after
giving effect to such change in GAAP.



     1.04 Rounding. Any financial ratios required to be maintained by the Borrower pursuant to
this Agreement shall be calculated by dividing the appropriate component by the other component,
carrying the result to one place more than the number of places by which such ratio is expressed
herein and rounding the result up or down to the nearest number (with a rounding-up if there is no
nearest number).



     1.05 References to Agreements and Laws. Unless otherwise expressly provided herein, (a)
references to agreements (including the Loan Documents) and other contractual instruments shall be
deemed to include all subsequent amendments, restatements, extensions, supplements and other
modifications thereto, but only to the extent that such amendments, restatements, extensions,
supplements and other modifications are not prohibited by any Loan Document; and (b) references to
any Law shall include all statutory and regulatory provisions consolidating, amending, replacing,
supplementing or interpreting such Law.



ARTICLE II.

THE TERM LOAN COMMITMENTS AND BORROWING




     2.01 Term Loans. Subject to and in reliance upon the terms, conditions, representations, and
warranties in the Loan Documents, each Lender severally, but not jointly, agrees to make Term Loans
to Borrower in a single disbursement on the Restatement Date in an aggregate amount not to exceed
at any time outstanding the amount of such Lender’s Pro Rata Share of the Term Loan Commitment. If
all or a portion of the Term Loan Principal Debt is paid or prepaid, then the amount so paid or
prepaid may not be reborrowed. Any portion of the Term Loan Commitment that remains undisbursed
after the initial disbursement under the Term Loan Facility shall be reduced to zero and cancelled
on the date of such initial disbursement. Term Loans may be Base Rate Loans or Eurodollar Rate
Loans, as further provided herein.



     2.02 Intentionally Deleted



     2.03 Borrowings, Conversions and Continuations of Term Loans.



     (a) The initial Borrowing and each conversion of Term Loans from one Type to the other, and
each continuation of Term Loans as the same Type shall be made upon the Borrower’s irrevocable
notice to the Administrative Agent, which may be given by telephone. Each such notice must be
received by the Administrative Agent not later than noon, New York time, (i) three Business Days
prior to the requested date of conversion to or continuation of Eurodollar Rate Loans, and (ii) one
Business Day prior to the conversion of Eurodollar Rate Loans to Base Rate Loans, or the requested
date of the initial Borrowing of Base Rate Loans. Each such telephonic notice must be confirmed
promptly by delivery to the Administrative Agent of a written Borrowing Notice, appropriately
completed and signed by a Responsible Officer of the Borrower. The initial Borrowing of, and each
conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of $5,000,000
or a whole multiple of $1,000,000 in




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excess thereof. Each Borrowing of or conversion to Base Rate Loans shall be in a principal amount
of $1,000,000 or a whole multiple of $1,000,000 in excess thereof. Each Borrowing Notice (whether
telephonic or written) shall specify (i) whether the Borrower is requesting a Borrowing, a
conversion of Term Loans from one Type to the other, or a continuation of Term Loans as the same
Type, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be
(which shall be a Business Day), (iii) the principal amount of Term Loans to be borrowed, converted
or continued, (iv) the Type of Term Loans to be borrowed or to which existing Term Loans are to be
converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the
Borrower fails to specify a Type of Term Loan in a Borrowing Notice or if the Borrower fails to
give a timely notice requesting a conversion or continuation, then the applicable Term Loans shall
be made or continued as, or converted to, Base Rate Loans. Any such automatic conversion to Base
Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect
to the applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing of, conversion to,
or continuation of Eurodollar Rate Loans in any such Borrowing Notice, but fails to specify an
Interest Period, it will be deemed to have specified an Interest Period of one month.



     (b) Following receipt of a Borrowing Notice, the Administrative Agent shall promptly notify
each Lender of its Pro Rata Share of the applicable Borrowing, and if no timely notice of a
conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each
Lender of the details of any automatic conversion to Base Rate Loans described in the preceding
subsection. In the case of a Borrowing, each Lender shall make the amount of its Term Loan
available to the Administrative Agent in immediately available funds at the Administrative Agent’s
Office not later than noon, New York time, on the Business Day specified in the applicable
Borrowing Notice. Upon satisfaction of the applicable conditions set forth in Section 4.01, the
Administrative Agent shall make all funds so received available to the Borrower in like funds as
received by the Administrative Agent either by (i) crediting the account of the Borrower on the
books of the Administrative Agent with the amount of such funds or (ii) wire transfer of such
funds, in each case in accordance with instructions provided to the Administrative Agent by the
Borrower.



     (c) Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted
only on the last day of the Interest Period for such Eurodollar Rate Loan. During the existence of
an Event of Default, no Term Loans may be requested as, converted to or continued as Eurodollar
Rate Loans without the consent of the Required Lenders, and the Required Lenders may demand that
any or all of the then outstanding Eurodollar Rate Loans be converted immediately to Base Rate
Loans. The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest
rate applicable to any Eurodollar Rate Loan upon determination of such interest rate. The
determination of the Eurodollar Rate by the Administrative Agent shall be conclusive in the absence
of manifest error.



     (d) After giving effect to all Borrowings, all conversions of Term Loans from one Type to the
other, and all continuations of Term Loans as the same Type, there shall not be more than three (3)
Interest Periods in effect at any given time with respect to Term Loans.




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     2.04 Prepayments.



     (a) Optional Prepayments. The Borrower may, upon delivery of a Repayment Notice to
the Administrative Agent, at any time or from time to time voluntarily prepay in whole or in part
the Term Loan Principal Debt without premium or penalty; provided that (i) such notice must be
received by the Administrative Agent not later than noon, New York time, (A) three Business Days
prior to any date of prepayment of Eurodollar Rate Loans, and (B) the date of prepayment of Base
Rate Loans; (ii) any prepayment of Eurodollar Rate Loans shall be in a principal amount of
$1,000,000 or a whole multiple of $1,000,000 in excess thereof; and (iii) any prepayment of Base
Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess
thereof. Each such notice shall specify the date and amount of such prepayment and the Type(s) of
Term Loan to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt
of each such notice, and of such Lender’s Pro Rata Share of such prepayment. If such notice is
given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in
such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar
Rate Loan shall be accompanied by all accrued interest thereon, together with any additional
amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Term Loans
of the Lenders in accordance with their respective Pro Rata Share.



     (b) Mandatory Prepayments-Collateral Deficiency. If for any reason a Collateral
Deficiency exists, Borrower shall notify Administrative Agent in writing of such Collateral
Deficiency within five (5) Business Days after becoming aware of such Collateral Deficiency and
indicate in such written notice Borrower’s plan to cure such Collateral Deficiency. The Collateral
Deficiency must be cured on or before the thirtieth (30) day after Borrower becomes aware of such
Collateral Deficiency. To cure such Collateral Deficiency, Borrower may elect to do one or more of
the following:




     (i) repay Term Loan Principal Debt in an aggregate amount sufficient to eliminate such
Collateral Deficiency within such thirty (30) day cure period, and




     (ii) pledge additional MLP Units owned by the Borrower or another Loan Party having
sufficient Pledged Collateral Market Value, as of the date of such pledge, to eliminate such
Collateral Deficiency.



     (c) Mandatory Prepayments from Net Cash Proceeds.




     (i) Dispositions. If any Net Cash Proceeds in excess of $1,000,000 are received
by the Borrower or any Subsidiary (other than an Excluded Subsidiary) from any Disposition
(including any deferred purchase price therefor and including sales of stock or other equity
interests of Subsidiaries (other than Excluded Subsidiaries)) excluding the PetroEdge
Disposition and any Disposition permitted by Section 7.07(a) or (b), the Term Loans shall be
prepaid, immediately upon receipt of such Net Cash Proceeds, in an amount equal to the amount
of Net Cash Proceeds received from such Disposition.




     (ii) Debt Issuances. Immediately upon receipt by the Borrower or any Subsidiary
of the Net Cash Proceeds of any Debt Issuance in excess of $1,000,000, the Borrower shall
repay the Term Loan Principal Debt in an aggregate amount equal to 50% of such Net Cash
Proceeds.




     (iii) Equity Offerings. Immediately upon the receipt by the Borrower or any
Subsidiary of the Net Cash Proceeds of any Equity Offering in excess of $1,000,000, the
Borrower shall repay




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the Term Loan Principal Debt in an aggregate amount equal to 50% of such Net Cash Proceeds;
provided, however, the Borrower shall not be required to repay the Term Loan with the Net
Cash Proceeds from the Borrower’s July 1, 2008 public offering of 8.8 million common shares
or the exercise of the overallotment option granted to the underwriters in connection with
such offering.




     (iv) Application of Mandatory Prepayments. The prepayments provided for in this
Section 2.04(c) shall be applied to the Term Loan Principal Debt, unless an Event of Default
has occurred and is continuing or would arise as a result thereof (whereupon the provisions
of Section 2.11(d) shall apply).



     (d) Prepayments: Interest/Consequential Loss. All prepayments under this Section 2.04
shall be made together with accrued interest to the date of such prepayment on the principal amount
prepaid and any amounts due under Section 3.05.



     2.05 Reduction or Termination of Commitments. The Borrower may, upon notice to the
Administrative Agent, (prior to funding the Term Loan) permanently reduce the Aggregate Term Loan
Commitment; provided that (i) any such notice shall be received by the Administrative Agent not
later than noon, three Business Days prior to (or if all the outstanding Borrowings are Base Rate
Loans, no later than noon on) the date of termination or reduction, and (ii) any such partial
reduction shall be in an aggregate amount of $500,000 or any whole multiple of $500,000 in excess
thereof. The Administrative Agent shall promptly notify the Lenders of any such notice of
reduction or termination. Once reduced in accordance with this Section, the Aggregate Term Loan
Commitment may not be increased. Any reduction of the Aggregate Term Loan Commitment shall be
applied to the Term Loan Commitment of each Lender according to its Pro Rata Share. Except in
connection with a termination or reduction of the entire Aggregate Term Loan Commitment, all
commitment fees on the portion of the Aggregate Term Loan Commitment so reduced which have accrued
to the effective date of any reduction of the Aggregate Term Loan Commitment shall at
Administrative Agent’s option either be paid on the effective date of such reduction or on the date
when such commitment fee would otherwise be due.



     2.06 Repayment of Term Loans. The Borrower shall repay to the Lenders the Term Loan Principal
Debt in quarterly installments on the last Business Day of each March, June, September and December
during the term of this Agreement and on the Maturity Date, such installments commencing on
September 30, 2008, each installment in the amount of $1,500,000, with the remaining Term Loan
Principal Debt being payable in full on the Maturity Date.



     2.07 Interest. (a) Subject to the provisions of subsection (b) below, (i) each Eurodollar
Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period
at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate
and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from
the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate.



     (b) If any amount payable by Borrower under any Loan Document is not paid when due (after
giving effect to any applicable grace periods), whether at stated maturity by acceleration or
otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at
all times equal to the Default Rate to the fullest extent permitted by applicable Laws.
Furthermore, while any Event of Default exists or after acceleration (i) the Borrower shall pay
interest on the principal amount of all outstanding Obligations at a fluctuating interest rate per
annum at all times equal to the Default Rate to the fullest extent permitted by applicable Law, and
(ii) accrued and unpaid interest on past due amounts




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(including interest on past due interest, to the extent allowed by Law) shall be due and payable
upon demand.




     (c) Interest on each Term Loan shall be due and payable in arrears on each Interest Payment
Date applicable thereto and at such other times as may be specified herein. Interest hereunder
shall be due and payable in accordance with the terms hereof before and after judgment, and before
and after the commencement of any proceeding under any Debtor Relief Law.



     (d) If the designated rate applicable to any Borrowing exceeds the Maximum Rate, the rate of
interest on such Borrowing shall be limited to the Maximum Rate, but any subsequent reductions in
such designated rate shall not reduce the rate of interest thereon below the Maximum Rate until the
total amount of interest accrued thereon equals the amount of interest which would have accrued
thereon if such designated rate had at all times been in effect. In the event that at maturity
(stated or by acceleration), or at final payment of the Outstanding Amount of the Term Loans, the
total amount of interest paid or accrued is less than the amount of interest which would have
accrued if such designated rates had at all times been in effect, then, at such time and to the
extent permitted by Law, the Borrower shall pay an amount equal to the difference between (a) the
lesser of the amount of interest which would have accrued if such designated rates had at all times
been in effect and the amount of interest which would have accrued if the Maximum Rate had at all
times been in effect, and (b) the amount of interest actually paid or accrued on such Outstanding
Amount.



     2.08 Fees. (a) Intentionally Deleted.



     (b) Arranger’s and Administrative Agent’s Fees. On the Restatement Date, the
Borrower shall pay certain fees to the Arranger and Administrative Agent to be shared among them
and the Borrower shall pay certain fees to the Administrative Agent for the Administrative Agent’s
own account as an administrative agency fee, in the amounts and at the times specified in the
letter agreement dated June 24, 2008 (the “Agent/Arranger Fee Letter”), between the Borrower and
Royal Bank of Canada. Such fees shall be fully earned when paid and shall be nonrefundable for any
reason whatsoever. Additionally, Borrower shall pay to the Administrative Agent for the
Administrative Agent’s own account the fees in the amounts and on the dates specified in the
Agent/Arranger Fee Letter.



     2.09 Computation of Interest and Fees. Computation of interest on Base Rate Loans and all
fees shall be calculated on the basis of a year of 365 or 366 days, as the case may be, and the
actual number of days elapsed. Computation of interest on Eurodollar Rate Loans shall be
calculated on the basis of a year of 360 days and the actual number of days elapsed, which results
in a higher yield to the payee thereof than a method based on a year of 365 or 366 days. Interest
shall accrue on each Term Loan for the day on which the Term Loan is made, and shall not accrue on
a Term Loan, or any portion thereof, for the day on which the Term Loan or such portion is paid;
provided that any Term Loan that is repaid on the same day on which it is made shall bear interest
for one day.



     2.10 Evidence of Debt. (a) The Credit Extensions made by each Lender shall be evidenced by
one or more accounts or records maintained by such Lender and by the Administrative Agent in the
ordinary course of business. The accounts or records maintained by the Administrative Agent and
each Lender shall be conclusive absent manifest error of the amount of the Term Loans made by the
Lenders to the Borrower and the interest and payments thereon. Any failure so to record or any
error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower
hereunder to pay any amount owing with respect to the Term Loans. In the event of any conflict
between the accounts and records




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maintained by any Lender and the accounts and records of the Administrative Agent in respect of
such matters, the accounts and records of such Lender shall control absent manifest error. Upon
the request of any Lender made through the Administrative Agent, such Lender’s Term Loans may be
evidenced by one or more Term Notes. Each Lender may attach schedules to its Term Note(s) and
endorse thereon the date, Type (if applicable), amount and maturity of the Term Loan and payments
with respect thereto.



     (b) In addition to the accounts and records referred to in subsection (a), each Lender and the
Administrative Agent shall maintain in accordance with its usual practice accounts or records
evidencing the purchases and sales by such Lender of participations in Letters of Credit. In the
event of any conflict between the accounts and records maintained by the Administrative Agent and
the accounts and records of any Lender in respect of such matters, the accounts and records of the
Administrative Agent shall control.



     2.11 Payments Generally.



     (a) All payments to be made by the Borrower shall be made without condition or deduction for
any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein,
all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account
of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in
Dollars and in immediately available funds not later than noon, New York time, on the date
specified herein. The Administrative Agent will promptly distribute to each Lender its Pro Rata
Share (or other applicable share as provided herein) of such payment in like funds as received by
wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent
after noon, New York time, shall be deemed received on the next succeeding Business Day and any
applicable interest or fee shall continue to accrue.



     (b) Subject to the definition of “Interest Period,” if any payment to be made by the Borrower
shall come due on a day other than a Business Day, payment shall be made on the next following
Business Day, and such extension of time shall be reflected in computing interest or fees, as the
case may be.



     (c) If no Event of Default exists and if no order of application is otherwise specified in the
Loan Documents, payments and prepayments of the Obligations shall be applied first to fees, second
to accrued interest then due and payable on the Outstanding Amount of Term Loans, and then to the
remaining Obligations in the order and manner as Borrower may direct.



     (d) If at any time insufficient funds are received by and available to the Administrative
Agent to pay fully the Obligations, or if an Event of Default exists, any payment or prepayment
shall be applied in the following order: (i) to the payment of enforcement expenses incurred by the
Administrative Agent, including Attorney Costs; (ii) to the ratable payment of all other fees,
expenses, indemnities and other amounts (including amounts payable under Article III) for which
the Administrative Agent or Lenders have not been paid or reimbursed in accordance with the Loan
Documents (as used in this Section 2.11(d)(ii), a “ratable payment” for any Lender or the
Administrative Agent shall be, on any date of determination, that proportion which the portion of
the total fees, expenses, indemnities and other amounts owed to such Lender or the Administrative
Agent bears to the total aggregate fees, expenses and indemnities owed to all Lenders and the
Administrative Agent on such date of determination); (iii) to the ratable payment of accrued and
unpaid interest on the Outstanding Amount of Term Loans and the Outstanding Amount of Obligations
under Lender Hedging Agreements (it being understood that for purposes of this clause (iii) the
Outstanding Amount of Obligations under Lender Hedging Agreements




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refers only to payments owing pursuant to Section 2(a) of the 2002 Master Agreement form
promulgated by the ISDA (or equivalent type payment obligation if some other form of Swap Contract
is in effect)(as used in this Section 2.11(d)(iii), “ratable payment” means, for any Lender (or
Lender Affiliate, in the case of Lender Hedging Agreements), on any date of determination, that
proportion which the accrued and unpaid interest on the Outstanding Amount of Term Loan Principal
Debt and the Outstanding Amount of Obligations under Lender Hedging Agreements owed to such Lender
(or Lender Affiliate, in the case of Lender Hedging Agreements) bears to the total accrued and
unpaid interest on the Outstanding Amount of Term Loan Principal Debt and the Outstanding Amount of
Obligations under Lender Hedging Agreements owed to all Lenders (and Affiliates, in the case of
Lender Hedging Agreements)); (iv) to the ratable payment of the Outstanding Amount of Term Loan
Principal Debt and the Outstanding Amount of Obligations under Lender Hedging Agreements (it being
understood that for purposes of this clause (iv) the Outstanding Amount of Obligations under Lender
Hedging Agreements refers to payments owing in connection with an Early Termination Date as defined
in the 2002 Master Agreement form promulgated by the ISDA (or equivalent type payment obligation if
some other form of Swap Contract is in effect)(as used in this Section 2.11(d)(iv), “ratable
payment” means for any Lender (or Lender Affiliate, in the case of Lender Hedging Agreements), on
any date of determination, that proportion which the Outstanding Amount of Term Loan Principal Debt
and the Outstanding Amount of Obligations under Lender Hedging Agreements owed to such Lender (or
Lender Affiliate, in the case of Lender Hedging Agreements) bears to the Outstanding Amount of Term
Loan Principal Debt and the Outstanding Amount of Obligations under Lender Hedging Agreements owed
to all Lenders)(and Affiliates, in the case of Lender Hedging Agreements)); and (v) to the payment
of the remaining Obligations, if any, in the order and manner the Required Lenders deem
appropriate.



     (e) Unless the Borrower or any Lender has notified the Administrative Agent prior to the date
any payment is required to be made by it to the Administrative Agent hereunder, that the Borrower
or such Lender, as the case may be, will not make such payment, the Administrative Agent may assume
that the Borrower or such Lender, as the case may be, has timely made such payment and may (but
shall not be so required to), in reliance thereon, make available a corresponding amount to the
Person entitled thereto. If and to the extent that such payment was not in fact made to the
Administrative Agent in immediately available funds, then:




     (i) if the Borrower failed to make such payment, each Lender shall forthwith on demand
repay to the Administrative Agent the portion of such assumed payment that was made available
to such Lender in immediately available funds, together with interest thereon in respect of
each day from and including the date such amount was made available by the Administrative
Agent to such Lender to the date such amount is repaid to the Administrative Agent in
immediately available funds, at the Federal Funds Rate from time to time in effect; and




     (ii) if any Lender failed to make such payment, such Lender shall forthwith on demand
pay to the Administrative Agent the amount thereof in immediately available funds, together
with interest thereon for the period from the date such amount was made available by the
Administrative Agent to the Borrower to the date such amount is recovered by the
Administrative Agent (the “Compensation Period”) at a rate per annum equal to the Federal
Funds Rate from time to time in effect. If such Lender pays such amount to the
Administrative Agent, then such amount shall constitute such Lender’s Term Loan, included in
the applicable Borrowing. If such Lender does not pay such amount forthwith upon the
Administrative Agent’s demand therefor, the Administrative Agent may make a demand therefor
upon the Borrower, and the Borrower shall pay such amount to the Administrative Agent,
together with interest thereon for the




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Compensation Period at a rate per annum equal to the rate of interest applicable to the
applicable Borrowing. Nothing herein shall be deemed to relieve any Lender from its
obligation to fulfill its Term Loan Commitment or to prejudice any rights which the
Administrative Agent or the Borrower may have against any Lender as a result of any default
by such Lender hereunder.



     A notice of the Administrative Agent to any Lender with respect to any amount owing under this
subsection (e) shall be conclusive, absent manifest error.



     (f) If any Lender makes available to the Administrative Agent funds for Term Loans to be made
by such Lender as provided in the foregoing provisions of this Article II, and the conditions to
the applicable Borrowing set forth in Article IV are not satisfied or waived in accordance with the
terms hereof, the Administrative Agent shall return such funds (in like funds as received from such
Lender) to such Lender, without interest.



     (g) The obligations of the Lenders hereunder to make Term Loans are several and not joint.
The failure of any Lender to make Term Loans on any date required hereunder shall not relieve any
other Lender of its corresponding obligation to do so on such date, and no Lender shall be
responsible for the failure of any other Lender to so make its Term Loan or purchase its
participation.



     (h) Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Term
Loan in any particular place or manner or to constitute a representation by any Lender that it has
obtained or will obtain the funds for any Term Loan in any particular place or manner.



     2.12 Sharing of Payments. If, other than as expressly provided elsewhere herein, any Lender
shall obtain on account of the Term Loans made by it any payment (whether voluntary, involuntary,
through the exercise of any right of set-off, or otherwise) in excess of its ratable share (or
other share contemplated hereunder) thereof, such Lender shall immediately (a) notify the
Administrative Agent, of such fact, and (b) purchase from the other Lenders such participations in
the Term Loans made by them held by them, as shall be necessary to cause such purchasing Lender to
share the excess payment in respect of such Term Loan or such participations, as the case may be,
pro rata with each of them; provided, however, that if all or any portion of such excess payment is
thereafter recovered from the purchasing Lender, such purchase shall to that extent be rescinded
and each other Lender shall repay to the purchasing Lender the purchase price paid therefor,
together with an amount equal to such paying Lender’s ratable share (according to the proportion of
(i) the amount of such paying Lender’s required repayment to (ii) the total amount so recovered
from the purchasing Lender) of any interest or other amount paid or payable by the purchasing
Lender in respect of the total amount so recovered. The Borrower agrees that any Lender so
purchasing a participation from another Lender may, to the fullest extent permitted by law,
exercise all its rights of payment (including the right of set-off, but subject to Section 10.09)
with respect to such participation as fully as if such Lender were the direct creditor of the
Borrower in the amount of such participation. The Administrative Agent will keep records (which
shall be conclusive and binding in the absence of manifest error) of participations purchased under
this Section and will in each case notify the Lenders following any such purchases or repayments.
Each Lender that purchases a participation pursuant to this Section shall from and after such
purchase has the right to give all notices, requests, demands, directions and other communications
under this Agreement with respect to the portion of the Obligations purchased to the same extent as
though the purchasing Lender were the original owner of the Obligations purchased.




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     2.13 Pari Passu Lien Securing Lender Hedging Obligations. All Obligations arising under the
Loan Documents, including, without limitation, Obligations under this Agreement and Obligations
under any Lender Hedging Agreement (but not Indebtedness of any Loan Party owing to any non-Lender
or non-Lender Affiliate which enters into a Swap Contract with the Borrower or any other Loan
Party), shall be secured pari passu by the Collateral. No Lender or any Affiliate of a Lender
shall have any voting rights under any Loan Document as a result of the existence of obligations
owed to it under any such Lender Hedging Agreement.



     2.14 Letters of Credit. Royal Bank of Canada agrees to make available to Borrower
and the other Loan Parties letters of credit in an aggregate amount at any one time
outstanding not to exceed $500,000 from the date hereof until the Maturity Date;
provided no Default or Event of Default exists hereunder; provided further that Borrower
executes and delivers to Royal Bank of Canada the L/C Terms and Conditions (which shall
provide in the event of any conflict between the L/C Terms and Conditions and this
Agreement, the terms of this Agreement shall control); and provided further, that at the
time any letter of credit is requested, Borrower executes and delivers to Royal Bank of
Canada an Application for Irrevocable Standby Letter of Credit (the “Letter of Credit
Application”) on terms and conditions satisfactory to Royal Bank of Canada to evidence
Borrower’s reimbursement obligation in connection therewith and other customary terms
and conditions.



ARTICLE III.

TAXES, YIELD PROTECTION AND ILLEGALITY




     3.01 Taxes.



     (a) Any and all payments by the Borrower to or for the account of the Administrative Agent or
any Lender under any Loan Document shall be made free and clear of and without deduction for any
and all present or future taxes, duties, levies, imposts, deductions, assessments, fees,
withholdings or similar charges, and all liabilities with respect thereto; excluding, in the case
of the Administrative Agent and each Lender, taxes imposed on or measured by its net income
(including any franchise taxes imposed on or measured by its net income), by the jurisdiction (or
any political subdivision thereof) under the Laws of which the Administrative Agent or such Lender,
as the case may be, is organized or maintains its Lending Office (all such non-excluded taxes,
duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges, and
liabilities being hereinafter referred to as “Taxes”). If the Borrower shall be required by any
Laws to deduct any Taxes from or in respect of any sum payable under any Loan Document to the
Administrative Agent or any Lender, (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), each of the Administrative Agent and such Lender receives an amount equal to
the sum it would have received had no such deductions been made, (ii) the Borrower shall make such
deductions and (iii) the Borrower shall pay the full amount deducted to the relevant taxation
authority or other authority in accordance with applicable Laws.



     (b) In addition, the Borrower agrees to pay any and all present or future stamp, mortgage,
court or documentary taxes and any other excise or property taxes or charges or similar levies
which arise from any payment made under any Loan Document or from the execution, delivery,
performance, enforcement or registration of, or otherwise with respect to, any Loan Document
(hereinafter referred to as “Other Taxes”).




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     (c) If the Borrower shall be required to deduct or pay any Taxes or Other Taxes from or in
respect of any sum payable under any Loan Document to the Administrative Agent or any Lender, the
Borrower shall also pay to the Administrative Agent (for the account of such Lender) or to such
Lender, at the time interest is paid, such additional amount that such Lender specifies as
necessary to preserve the after-tax yield (after factoring in all taxes, including taxes imposed on
or measured by net income) such Lender would have received if such Taxes or Other Taxes had not
been imposed.



     (d) The Borrower agrees to indemnify the Administrative Agent and each Lender for (i) the full
amount of Taxes and Other Taxes (including any Taxes or Other Taxes imposed or asserted by any
jurisdiction on amounts payable under this Section) paid by the Administrative Agent and such
Lender, and (ii) amounts payable under Section 3.01(c) and (iii) any liability (including
penalties, interest and expenses) arising therefrom or with respect thereto, except to the extent
such sums are determined by a court of competent jurisdiction by final and non-appealable judgment
to have resulted from the gross negligence or willful misconduct of the Administrative Agent or
such Lender, as applicable. Neither the Administrative Agent nor any Lender shall be entitled to
receive any payment with respect to any indemnity claim under this Section 3.01 with respect to
Taxes or Other Taxes that are incurred or accrued more than 180 days prior to the date such party
gives notice and demand with respect thereto to the Borrower. Payment under this subsection (d)
shall be made within 30 days after the date the Lender or the Administrative Agent makes a demand
therefor.



     (e) 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.



     (f) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the Law of the jurisdiction in which the Borrower is resident for tax purposes, or any treaty
to which such jurisdiction is a party, with respect to payments hereunder or under any other Loan
Document shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or
times prescribed by applicable Law or reasonably requested by the Borrower or the Administrative
Agent, such properly completed and executed documentation prescribed by applicable law, or
reasonably requested by Borrower, as will permit such payments to be made without withholding or at
a reduced rate of withholding. In addition, any Lender, if requested by the Borrower or the
Administrative Agent, shall deliver such other documentation prescribed by applicable law or
reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the
Administrative Agent to determine whether or not such Lender is subject to backup withholding or
information reporting requirements.



     Without limiting the generality of the foregoing, in the event that the Borrower is resident
for tax purposes in the United States, any Foreign Lender shall deliver to the Borrower and the
Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior
to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to
time thereafter upon the request of the Borrower or the Administrative Agent, but only if such
Foreign Lender is legally entitled to do so), whichever of the following is applicable:




     (i) duly completed copies of Internal Revenue Service Form W-8BEN claiming eligibility
for benefits of an income tax treaty to which the United States is a party;




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     (ii) duly completed copies of Internal Revenue Service Form W-8ECI;




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




     (iv) any other form prescribed by applicable Law as a basis for claiming exemption from
or a reduction in United States Federal withholding tax duly completed together with such
supplementary documentation as may be prescribed by applicable Law to permit the Borrower to
determine the withholding or deduction required to be made.



     (f) If the Administrative Agent or any Lender determines, in its sole discretion, that it has
received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower
or with respect to which the Borrower has paid additional amounts pursuant to this Section, it
shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity
payments made, or additional amounts paid, by the Borrower under this Section with respect to the
Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the
Administrative Agent or such Lender, as the case may be, and without interest (other than any
interest paid by the relevant Governmental Authority with respect to such refund); provided that
the Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay the
amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the
relevant Governmental Authority) to the Administrative Agent or such Lender in the event the
Administrative Agent or such Lender is required to repay such refund to such Governmental
Authority. This subsection shall not be construed to require the Administrative Agent or any
Lender to make available its tax returns (or any other information relating to its taxes that it
deems confidential) to the Borrower or any other Person.



     3.02 Illegality. If any Lender determines that any Change in Law has made it unlawful for any
Lender or its applicable Lending Office to make, maintain or fund Eurodollar Rate Loans, or
materially restricts the authority of such Lender to purchase or sell, or to take deposits of,
Dollars in the applicable offshore Dollar market, or to determine or charge interest rates based
upon the Eurodollar Rate, then, on notice thereof by such Lender to the Borrower through the
Administrative Agent, any obligation of such Lender to make or continue Eurodollar Rate Loans or to
convert Base Rate Loans to Eurodollar Rate Loans shall be suspended until such Lender notifies the
Administrative Agent and the Borrower that the circumstances giving rise to such determination no
longer exist. Upon receipt of such notice, the Borrower shall, upon demand from such Lender (with
a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of
such Lender to Base Rate Loans, either on the last day of the Interest Period thereof, if such
Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if
such Lender may not lawfully continue to maintain such Eurodollar Rate Loans. Upon any such
prepayment or conversion, the Borrower shall also pay interest on the amount so prepaid or
converted and all amounts due under Section 3.05 in accordance with the terms thereof due to such
prepayment or conversion. Each Lender agrees to designate a different Lending Office if such
designation will avoid the need for such notice and will not, in the reasonable judgment of such
Lender, otherwise be materially disadvantageous to such Lender.




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     3.03 Inability to Determine Rates. If the Administrative Agent determines in connection with
any request for a Eurodollar Rate Loan or a conversion to or continuation thereof that (a) Dollar
deposits are not being offered to banks in the applicable offshore Dollar market for the applicable
amount and Interest Period of such Eurodollar Rate Loan, or adequate and reasonable means do not
exist for determining the Eurodollar Rate for such Eurodollar Rate Loan, or (b) if the Required
Lenders determine and notify the Administrative Agent that the Eurodollar Rate for such Eurodollar
Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Eurodollar
Rate Loan, then the Administrative Agent will promptly notify the Borrower and all Lenders.
Thereafter, the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be
suspended until the Administrative Agent revokes such notice. Upon receipt of such notice, the
Borrower may revoke any pending request for a Borrowing, conversion or continuation of Eurodollar
Rate Loans or, failing that, will be deemed to have converted such request into a request for a
Borrowing of Base Rate Loans in the amount specified therein.



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



     (a) If any Lender determines that as a result of a Change in Law, or such Lender’s compliance
therewith, there shall be any increase in the cost to such Lender of agreeing to make or making,
funding or maintaining Eurodollar Rate Loans, or a reduction in the amount received or receivable
by such Lender in connection with any of the foregoing (excluding for purposes of this subsection
(a) any such increased costs or reduction in amount resulting from (i) Taxes or Other Taxes (as to
which Section 3.01 shall govern), (ii) changes in the basis of taxation of overall net income or
overall gross income by the United States or any foreign jurisdiction or any political subdivision
of either thereof under the Laws of which such Lender is organized or has its Lending Office, and
(iii) reserve requirements contemplated by Section 3.04(c) utilized, as to Eurodollar Rate Loans,
in the determination of the Eurodollar Rate), then from time to time upon demand of such Lender
(with a copy of such demand to the Administrative Agent), the Borrower shall pay to such Lender, as
the case may be, such additional amounts as will compensate such Lender for such increased cost or
reduction.



     (b) If any Lender determines a Change in Law has the effect of reducing the rate of return on
the capital of such Lender or any corporation controlling such Lender as a consequence of such
Lender’s obligations hereunder (taking into consideration its policies with respect to capital
adequacy and such Lender’s desired return on capital), then from time to time upon demand of such
Lender (with a copy of such demand to the Administrative Agent), the Borrower shall pay to such
Lender such additional amounts as will compensate such Lender for such reduction.



     (c) The Borrower shall pay to each Lender, as long as such Lender shall be required under
regulations of the Board to maintain reserves with respect to liabilities or assets consisting of
or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”),
additional costs on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual
costs of such reserves allocated to such Term Loan by such Lender (as determined by such Lender in
good faith, which determination shall be conclusive), which shall be due and payable on each date
on which interest is payable on such Term Loan; provided the Borrower shall have received at least
15 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from
such Lender. If a Lender fails to give notice 15 days prior to the relevant Interest Payment Date,
such additional interest shall be due and payable 15 days from receipt of such notice.




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     (d) Failure or delay on the part of any Lender to demand compensation pursuant to this Section
shall not constitute a waiver of such Lender’s right to demand such compensation; provided that
the Borrower shall not be required to compensate a Lender pursuant to this Section for any
increased costs or reductions incurred more than 180 days prior to the date that such Lender, as
the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or
reductions and of such Lender’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 the
180-day period referred to above shall be extended to include the period of retroactive effect
thereof.



     3.05 Compensation for Losses. Upon demand of any Lender (with a copy to the Administrative
Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such
Lender harmless from any loss, cost or expense incurred by it as a result of:



     (a) any continuation, conversion, payment or prepayment of any Term Loan other than a Base
Rate Loan on a day other than the last day of the Interest Period for such Term Loan (whether
voluntary, mandatory, automatic, by reason of acceleration, or otherwise); or



     (b) any failure by the Borrower (for a reason other than the failure of such Lender to make a
Term Loan) to prepay, borrow, continue or convert any Term Loan other than a Base Rate Loan on the
date or in the amount notified by the Borrower; including any loss of anticipated profits and any
loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain
such Term Loan or from fees payable to terminate the deposits from which such funds were obtained.
The Borrower shall also pay any customary administrative fees charged by such Lender in connection
with the foregoing.



     For purposes of calculating amounts payable by the Borrower to the Lenders under this Section
3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it at the
Eurodollar Rate for such Term Loan by a matching deposit or other borrowing in the applicable
offshore Dollar interbank market for a comparable amount and for a comparable period, whether or
not such Eurodollar Rate Loan was in fact so funded.



     3.06 Matters Applicable to all Requests for Compensation. A certificate of the Administrative
Agent or any Lender claiming compensation under this Article III and setting forth the additional
amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error.
In determining such amount, the Administrative Agent or such Lender may use any reasonable
averaging and attribution methods.



     3.07 Survival. All of the Borrower’s obligations under this Article III shall survive
termination of the Aggregate Term Loan Commitment and payment in full of all the other Obligations.



     3.08 Mitigation Obligations. If any Lender requests compensation under Section 3.04, or if
the Borrower is required to pay any additional amount to any Lender or any Governmental Authority
for the account of any Lender, as applicable, pursuant to Section 3.01, then such Lender shall use
reasonable efforts to designate a different lending office for funding or booking its Term Loans
hereunder or to assign its rights and obligations hereunder to another of its offices, branches or
affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate
or reduce amounts payable pursuant to Section 3.01 or Section 3.04, as the case may be, in the
future and (ii) would not subject such Lender to any un-reimbursed cost or expense and would not
otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs
and expenses incurred by any Lender in connection with any such designation or assignment.




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ARTICLE IV.

CONDITIONS PRECEDENT TO BORROWING




     4.01 Conditions Precedent to Borrowing. The amendment and restatement of this Agreement on
the Restatement Date is subject to, and will take effect upon, satisfaction of the following
conditions precedent on or prior to such date:



     (a) Evidence satisfactory to the Arranger that a minimum of $84,000,000 of net proceeds have
been received by Borrower from a follow-on public offering of Borrower’s common stock.



     (b) The Administrative Agent shall have received a Borrowing Notice in accordance with the
requirements hereof.



     (c) The Administrative Agent’s receipt of the following, each of which shall be originals or
facsimiles (followed promptly by originals) and unless otherwise specified, each properly executed
by a Responsible Officer of the signing Loan Party or other Person party thereto, each dated the
Restatement Date (or, in the case of certificates of governmental officials, a recent date before
the Restatement Date), and each in form and substance reasonably satisfactory to the Administrative
Agent and its legal counsel:




     (i) executed counterparts dated as of the Restatement Date of this Agreement and the
other Collateral Documents including, without limitation, the Collateral Documents covering
substantially all assets of each Loan Party (other than Excluded Assets) and all other Loan
Documents sufficient in number for distribution to the Administrative Agent each Lender and
Borrower;




     (ii) Term Notes executed by the Borrower in favor of each Lender requesting a Term Note,
each Term Note in a principal amount equal to such Lender’s Term Commitment, and each Term
Note dated as of the Restatement Date;




     (iii) such certificates of resolutions or other action, incumbency certificates and/or
other certificates of officers of each Loan Party as the Administrative Agent may require to
establish the identities of and verify the authority and capacity of each officer thereof
authorized to act in connection with this Agreement and the other Loan Documents to which
such Loan Party is a party;




     (iv) such evidence as the Administrative Agent may reasonably require to verify that
each Loan Party is duly organized or formed, validly existing, and in good standing in the
jurisdiction of its organization and is qualified to engage in business in each jurisdiction
where its ownership, lease or operation of properties or the conduct of its business requires
such qualification;




     (v) a certificate signed by a Responsible Officer of the Borrower certifying (A) that
the representations and warranties contained in Article V are true and correct in all
respects on and as of the Restatement Date, (B) no Default or Event of Default will exist
immediately after closing and the initial Credit Extension under this Agreement, (C) since
December 31, 2007 there has occurred no material adverse change in (x) the business, assets,
liabilities (actual or contingent), operations or financial condition of the Borrower and
Guarantors, taken as a whole, or (y) any of the businesses, assets or liabilities acquired or
assumed or being acquired or assumed by the Borrower, (D) that as of the Restatement Date
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issues affecting any Loan Party or any of the Collateral which could reasonably be expected
to have a Material Adverse Effect, (E) all material governmental and third party approvals
necessary or, in the discretion of the Administrative Agent, advisable in connection with the
financing contemplated by this Agreement and the continuing operation of the Borrower and the
QRC Subsidiaries has been obtained and is in full force and effect, and (F) no action, suit,
investigation or proceeding is pending or, to the knowledge of such Responsible Officer,
threatened in any court or before any arbitrator or governmental authority by or against the
Borrower, any Guarantor, or any of their respective properties, that (x) could reasonably be
expected to materially and adversely affect the Borrower and the Guarantors, taken as a
whole, or (y) seeks to affect or pertains to any transaction contemplated hereby or the
ability of the Borrower or any Guarantor to perform its obligations under the Loan Documents;




     (vi) a Compliance Certificate of a Responsible Officer of the Borrower demonstrating
compliance with all financial covenants specified in Section 7.17 with Consolidated EBITDA
and Consolidated Interest Charges estimated for the quarter ending March 31, 2008,
annualized;




     (vii) a certificate of a Responsible Officer of the Borrower (a) as to the satisfaction
of all conditions specified in this Section 4.01, (b) providing a three-year financial
forecast for the Borrower and the QRC Subsidiaries on a consolidated basis, and (c) providing
such other financial information as the Administrative Agent may reasonably request;




     (viii) a certificate of a Responsible Officer of the Borrower certifying that to the
Responsible Officer’s knowledge the Borrower and the QRC Subsidiaries on a consolidated basis
are not “insolvent” as such term is used and defined in (i) the United States Bankruptcy Code
or (ii) the New York Uniform Fraudulent Transfer Act; and




     (ix) such other assurances, certificates, documents, consents or opinions as the
Administrative Agent reasonably may require.



     (d) Intentionally Deleted.



     (e) Intentionally Deleted.



     (f) An opinion from counsel to each Loan Party, in form and substance reasonably satisfactory
to the Administrative Agent and its counsel.



     (g) Any fees due and payable at the Restatement Date shall have been paid including, without
limitation, payment of fees and expenses pursuant to the Agent/Arranger Fee Letter.



     (h) The Borrower shall have paid Attorney Costs of the Administrative Agent to the extent
invoiced prior to, or on, the Restatement Date.



     (i) The Administrative Agent’s receipt of Collateral Documents, executed by each Loan Party
that has assets or conducts business, in appropriate form for recording, where necessary, together
with:




     (i) such Lien searches as the Administrative Agent shall have reasonably requested, and
such termination statements or other documents as may be necessary to confirm that the
Collateral is subject to no other Liens (other than Permitted Liens) in favor of any Persons;




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     (ii) funds sufficient to pay any filing or recording tax or fee in connection with any
and all UCC-1 and UCC-3 financing statements and fees associated with the filing of the
Mortgages, including any mortgage tax;




     (iii) evidence that the Administrative Agent has been named as loss payee or additional
insured under all policies of casualty insurance pertaining to the Collateral and all general
liability policies;




     (iv) certificates evidencing all of the issued and outstanding shares of capital stock,
partnership interests, or membership interests pledged pursuant thereto, which certificates
shall in each case be accompanied by undated stock powers duly executed in blank, or, if any
securities pledged pursuant thereto are uncertificated securities, confirmation and evidence
satisfactory to the Administrative Agent that the security interest in such uncertificated
securities has been transferred to and perfected by the Administrative Agent for the benefit
of the Lenders in accordance with the Uniform Commercial Code; and




     (v) evidence that all other actions reasonably necessary or, in the opinion of the
Administrative Agent or the Lenders, desirable to perfect and protect the first priority Lien
created by the Collateral Documents (except to the extent otherwise permitted hereunder), and
to enhance the Administrative Agent’s ability to preserve and protect its interests in and
access to the Collateral, have been taken.



     (j) The Administrative Agent’s receipt (with sufficient copies for all Lenders) of the
certificate of incorporation of the Borrower, together with all amendments, certified by an
appropriate governmental officer in its jurisdiction of organization, as well as any other
information required by Section 326 of the USA Patriot Act or necessary for the Administrative
Agent or any Lender to verify the identity of Borrower as required by Section 326 of the USA
Patriot Act.



     The Administrative Agent shall notify the Borrower and the Lenders of the Restatement Date
(which shall occur no later than July 11, 2008), and such notice shall be conclusive and binding.



ARTICLE V.

REPRESENTATIONS AND WARRANTIES




     The Borrower represents and warrants to the Administrative Agent and the Lenders that:



     5.01 Existence; Qualification and Power; Compliance with Laws. The Borrower and each other
Loan Party (a) is a corporation, partnership or limited liability company duly organized or formed,
validly existing and in good standing under the Laws of the jurisdiction of its incorporation or
organization, (b) has all requisite power and authority and all governmental licenses,
authorizations, consents and approvals to own its assets, carry on its business and to execute,
deliver, and perform its obligations under the Loan Documents to which it is a party, (c) is duly
qualified and is licensed and in good standing under the Laws of each jurisdiction where its
ownership, lease or operation of properties or the conduct of its business requires such
qualification or license, except in each case referred to in clause (a), (b) or (c), to the extent
that failure to do so could not reasonably be expected to have a Material Adverse Effect, (d) is
not a Person (I) 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)), or (II) who engages in any dealings or transactions prohibited by Section 2 of such




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executive order, or is otherwise associated with any such Person in any manner violative of Section
2, or (III) 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, and (e) is in compliance, in all material respects, with (A)
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 (B) 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 Term 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.



     5.02 Authorization; No Contravention. The execution, delivery and performance by each Loan
Party of each Loan Document to which such Person is party, have been duly authorized by all
necessary corporate or other organizational action, and do not and will not: (a) contravene the
terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach or
contravention of, or the creation of any Lien under, any material Contractual Obligation (other
than the Liens created under the Loan Documents) to which such Person is a party or any order,
injunction, writ or decree of any Governmental Authority to which such Person or its property is
subject; or (c) violate any Law except in each case referred to in clause (b) or (c), to the extent
that any such conflict, breach, contravention, creation or violation could not reasonably be
expected to have a Material Adverse Effect.



     5.03 Governmental Authorization. No approval, consent, exemption, authorization, or other
action by, or notice to, or filing with, any Governmental Authority, except for the filings in
connection with the granting or continuation of security interests pursuant to the Collateral
Documents or filings to maintain the existence, foreign qualification and good standing of the
Borrower and the Loan Parties, is necessary or required in connection with the execution, delivery
or performance by any Loan Party of this Agreement or any other Loan Document.



     5.04 Binding Effect. This Agreement has been, and each other Loan Document, when delivered
hereunder, will have been duly executed and delivered by each Loan Party that is party thereto.
This Agreement constitutes, and each other Loan Document when so delivered will constitute, a
legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is
party thereto in accordance with its terms, subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other Laws affecting creditors’ rights generally and subject to
general principles of equity, regardless of whether considered in a proceeding in equity or at Law.



     5.05 Financial Statements; No Material Adverse Effect.



     (a) The financial statements delivered to the Lenders pursuant to Sections 6.01(a) and (b)
were prepared in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein. Such financial statements will: (i) fairly present in
all material respects the financial condition of the entities named therein and their respective
Subsidiaries as of the date thereof and their results of operations for the period covered thereby
in accordance in all material respects with GAAP consistently applied throughout the period covered
thereby, except as otherwise expressly noted therein, subject in the case of quarterly financial
statements delivered pursuant to Section 6.01(b) to year-end audit adjustments and the absence of
footnotes; and (ii) show all material




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indebtedness and other liabilities of the entities named therein and their respective Subsidiaries
as of the date thereof required to be reflected therein in accordance with GAAP consistently
applied throughout the period covered thereby.



     (b) Since December 31, 2007, there has been no event or circumstance that has or could
reasonably be expected to have a Material Adverse Effect.



     5.06 Litigation. There are no actions, suits, proceedings, claims or disputes pending or, to
the knowledge of the Borrower, threatened or contemplated in writing, at law, in equity, in
arbitration or before any Governmental Authority, by or against the Borrower or any Borrower
Affiliate or against any of their properties or revenues which (a) seek to affect or pertain to
this Agreement or any other Loan Document, the borrowing of Term Loans, the use of the proceeds
thereof, or the issuance of Letters of Credit hereunder, or (b) could reasonably be expected to
have a Material Adverse Effect.



     5.07 No Default. Neither the Borrower nor any Borrower Affiliate is in default under or with
respect to any Contractual Obligation which could be reasonably expected to have a Material Adverse
Effect. No Default or Event of Default has occurred and is continuing or would result from the
consummation of the transactions contemplated by this Agreement or any other Loan Document. There
is no default under any Material Agreement, which could reasonably be expected to have a Material
Adverse Effect.



     5.08 Ownership of Property; Liens. Each Loan Party has good title to, or valid leasehold
interests in, all its real and personal property necessary or used in the ordinary conduct of its
business, except for such defects in title as would not, individually or in the aggregate, have a
Material Adverse Effect, and the property of the Borrower and Loan Parties is subject to no Liens,
other than Permitted Liens.



     5.09 Environmental Compliance. The Borrower has reasonably concluded that (a) there are no
claims alleging potential liability under or responsibility for violation of any Environmental Law
except any such claims that could not, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect, (b) there is no environmental condition or circumstance, such as
the presence or Release of any Hazardous Substance, on any property owned, operated or used by the
Borrower or any Borrower Affiliate that could reasonably be expected to have a Material Adverse
Effect, and (c) there is no violation by the Borrower or any Borrower Affiliate of any
Environmental Law, except for such violations as could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.



     5.10 Insurance. The properties of the Borrower and the Borrower Affiliates are insured with
financially sound and reputable insurance companies not Affiliates of the Borrower, in such
amounts, with such deductibles and covering such risks as are consistent with past practice.



     5.11 Taxes. The Borrower and the Borrower Affiliates have filed all federal, state and other
material tax returns and reports required to be filed, and have paid all federal, state and other
material taxes, assessments, fees and other governmental charges levied or imposed upon them or
their properties, income or assets otherwise due and payable, except those which are being
contested in good faith by appropriate proceedings and for which adequate reserves have been
provided in accordance with GAAP or to the extent that the failure to do so could not reasonably be
expected to result in a Material Adverse Effect. To the knowledge of the Borrower, there is no
proposed tax assessment against any Borrower Affiliate or any of their respective Subsidiaries that
would, if made, have a Material Adverse Effect.




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     5.12 ERISA Compliance. The representations and warranties set forth in this Section 5.12
shall apply only if the Borrower or an ERISA Affiliate establishes a Plan.



     (a) Each Plan is in compliance in all material respects with the applicable provisions of
ERISA, the Code and other federal or state Laws except to the extent that noncompliance could not
reasonably be expected to have a Material Adverse Effect. Each Plan that is intended to qualify
under Section 401(a) of the Code has received a favorable determination letter from the IRS, an
application for such a letter is currently being processed by the IRS with respect thereto or the
Plan utilizes a prototype form plan document and the prototype plan’s sponsor has received a
favorable opinion or advisory letter from the IRS upon which the Borrower may rely, and, to the
knowledge of the Borrower, nothing has occurred which would prevent, or cause the loss of, such
qualification, except to the extent that nonqualification could not reasonably be expected to have
a Material Adverse Effect. The Borrower and each ERISA Affiliate have made all required
contributions to each Plan subject to Section 412 of the Code, and no application for a funding
waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made
with respect to any Plan, except to the extent that nonpayment could not reasonably be expected to
have a Material Adverse Effect.



     (b) There are no pending or, to the knowledge of the Borrower, threatened claims, actions or
lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably
be expected to have a Material Adverse Effect. Neither the Borrower nor any ERISA Affiliate has
engaged in or knowingly permitted to occur and, to the Borrower’s knowledge, no other party has
engaged in or permitted to occur any prohibited transaction or violation of the fiduciary
responsibility rules with respect to any Plan that has resulted or could reasonably be expected to
result in a Material Adverse Effect.



     (c) (i) No ERISA Event has occurred or is reasonably expected to occur that could reasonably
be expected to have a Material Adverse Effect; (ii) no Pension Plan has any Unfunded Pension
Liability that (when aggregated with any other Unfunded Pension Liability) has resulted or could
reasonably be expected to result in a Material Adverse Effect; and (iii) neither the Borrower nor
any ERISA Affiliate has engaged in a transaction that could be subject to Sections 4069 or 4212(c)
of ERISA that could reasonably be expected to have a Material Adverse Effect.



     5.13 Subsidiaries and other Investments. Set forth on Schedule 5.13, are the Subsidiaries of
the Borrower and each equity Investment in any other Person as of the Restatement Date.



     5.14 Margin Regulations; Investment Company Act; Use of Proceeds.



     (a) Neither the Borrower nor any Borrower Affiliate is engaged nor will it engage, principally
or as one of its important activities, in the business of purchasing or carrying margin stock
(within the meaning of Regulation U issued by the Board), or extending credit for the purpose of
purchasing or carrying margin stock.



     (b) Neither the Borrower nor any Borrower Affiliate, no Person controlling the Borrower or any
Borrower Affiliate, or any Subsidiary thereof is or is required to be registered as an “investment
company” under the Investment Company Act of 1940.



     (c) The Borrower will use all proceeds of Credit Extension in the manner set forth in Section
6.12.




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     5.15 Disclosure; No Material Misstatements. All material factual information hereto furnished
by or on behalf of the Borrower in writing to the Administrative Agent or any Lender for purposes
of or in connection with this Agreement or any transaction contemplated hereby, as modified or
supplemented by other information so furnished, is true and accurate in all material respects, and
such information is not, or shall not be, as the case may be, incomplete by omitting to state any
material fact necessary to make such information, in light of the circumstances under which it was
made, not misleading. All estimates and projections delivered to the Administrative Agent or any
Lender were based upon information that was available at the time such estimates or projections
were prepared and believed to be correct and upon assumptions believed to be reasonable at that
time; however, the Borrower does not warrant that such estimates and projections will ultimately
prove to have been accurate.



     5.16 Location of Business and Offices. Each Loan Party’s (i) jurisdiction of organization,
(ii) organizational identification number, (iii) correct legal name, and (iv) principal place of
business and chief executive offices are as set forth in the Security Agreement from such Loan
Party.



     5.17 Compliance with Laws. Except with respect to Environmental Laws and Laws relating to
taxes and employee benefits (which are covered by Sections 5.09, 5.11 and 5.12, respectively),
neither the Borrower nor any Borrower Affiliate is in violation of any Laws, other than such
violations which could not, individually or collectively, reasonably be expected to have a Material
Adverse Effect. Neither the Borrower nor any Borrower Affiliate has received notice alleging any
noncompliance with any Laws, except for such noncompliance which no longer exists, or which
non-compliance could not reasonably be expected to have a Material Adverse Effect.



     5.18 Third Party Approvals. No approval, consent, exemption, authorization, or other action
by, or notice to, or filing with, any party that is not a party to this Agreement is necessary or
required in connection with the execution, delivery or performance by any Loan Party of this
Agreement or any other Loan Document except where obtained or where the failure to receive such
approval, consent, exemption, authorization, or the failure to do such other action by, or provide
such notice could not reasonably be expected to have a Material Adverse Effect; and provided,
however, that the transfer of rights in certain Collateral consisting of rights under contracts to
a foreclosure purchaser may, in some instances, require the consent of third parties who have
rights in such Collateral.



     5.19 Solvency. The Borrower and the QRC Subsidiaries on a consolidated basis are not
“insolvent” as such term is used and defined in (i) the United States Bankruptcy Code or (ii) the
New York Uniform Fraudulent Transfer Act.



ARTICLE VI.

AFFIRMATIVE COVENANTS




     So long as any Lender shall have any Term Loan Commitment hereunder, or any Term Loan or other
Obligation (other than contingent indemnity obligations and obligations under Lender Hedging
Agreements) shall remain unpaid or unsatisfied, the Borrower shall, and shall cause the QRC
Subsidiaries to:



     6.01 Financial Statements. Deliver to the Administrative Agent, in form and detail reasonably
satisfactory to the Administrative Agent and the Required Lenders (and the Administrative Agent
shall deliver to the Lenders):




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     (a) as soon as available, but in any event within 90 days after the end of each fiscal year of
the Borrower (beginning with the 2008 fiscal year), stand alone balance sheets of the Borrower as
at the end of such fiscal year, and the related statements of income and cash flows for such fiscal
year (provided, that if the Borrower is a public company, such financial statements shall be
required to be furnished no later than the date that the Borrower is required to timely file its
annual report on Form 10-K or Form 10-KSB with the Securities Exchange Commission (taking into
account any extension of time available under Rule 12b-25 under the Securities Exchange Act of
1934)), setting forth in each case in comparative form the figures for the previous fiscal year of
the Borrower, if any, all in reasonable detail, audited and accompanied by a report and opinion of
Murrell, Hall, McIntosh & Co., PLLP, or other independent certified public accountants reasonably
acceptable to the Required Lenders, which report and opinion shall be prepared in accordance with
GAAP (except as otherwise noted herein) and shall not be subject to any qualifications or
exceptions as to the scope of the audit nor to any qualifications and exceptions not reasonably
acceptable to the Required Lenders;



     (b) as soon as available, but in any event within 45 days after the end of each of the first
three fiscal quarters of each fiscal year of the Borrower, an unaudited stand alone balance sheet
of the Borrower as at the end of such fiscal quarter, and the related statements of income and cash
flows for such fiscal quarter and for the portion of the Borrower’s fiscal year then ended
(provided, that if the Borrower is a public company, such financial statements shall be required to
be furnished no later than the date that the Borrower is required to timely file its quarterly
report on Form 10-Q or Form 10-QSB with the Securities Exchange Commission (taking into account any
extension of time available under Rule 12b-25 under the Securities Exchange Act of 1934)), setting
forth in each case in comparative form the figures for the corresponding fiscal quarter of the
previous fiscal year of the Borrower and the corresponding portion of the previous fiscal year of
the Borrower, if any, all in reasonable detail and certified by a Responsible Officer of the
Borrower, as fairly presenting in all material respects the financial condition, results of
operations and cash flows of the Borrower in accordance with GAAP (except as otherwise noted
herein), subject only to normal year-end audit adjustments and the absence of footnotes; and



     (c) within 45 days after the end of each fiscal year, Borrower shall deliver a one year
projection/budget for the Borrower for the year following such fiscal year.



     6.02 Certificates; Other Information. Deliver to the Administrative Agent, in form and detail
reasonably satisfactory to the Administrative Agent and the Required Lenders:



     (a) concurrently with the delivery of the financial statements referred to in Sections 6.01(a)
and (b), a duly completed Compliance Certificate in form of Exhibit C signed by a Responsible
Officer of the Borrower;



     (b) promptly upon request, copies of each annual report, proxy or financial statement or other
report or written communication sent to the equity owners of the Borrower, and copies of all
annual, regular, periodic and special reports and registration statements which the Borrower may
file or be required to file with the Securities and Exchange Commission under Section 13 or 15(d)
of the Securities Exchange Act of 1934, and not otherwise required to be delivered to the
Administrative Agent pursuant hereto;



     (c) copies of Material Agreements and any material amendment thereto; and



     (d) promptly, such additional information (that is in the possession of the Borrower or that
may be readily produced by the Borrower without undue effort or expense) regarding the business,




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financial or corporate affairs of any Loan Party as the Administrative Agent, at the request of any
Lender, may from time to time reasonably request, which information may include copies of any
detailed audit reports, if any, management letters or recommendations submitted to the board of
directors or managers (or the audit committee of the board of directors or managers) of the
Borrower by independent accountants in connection with the accounts or books of the Borrower or any
of the QRC Subsidiaries, or any audit of any of them.



     6.03 Notices. Promptly notify the Administrative Agent:



     (a) of the occurrence of any Default or Event of Default, as soon as possible but in any event
within ten (10) days after Borrower has knowledge thereof;



     (b) of any matter that has resulted or could reasonably be expected to result in a Material
Adverse Effect, including any of the following events if such has resulted or could reasonably be
expected to result in a Material Adverse Effect: (i) breach or non-performance of, or any default
under, a Contractual Obligation of any Loan Party; (ii) any litigation, investigation by or
required by a Governmental Authority, proceeding or suspension of licenses or permits between any
Loan Party and any Governmental Authority; and (iii) any dispute, litigation, investigation or
proceeding involving any Loan Party related to any Environmental Law;



     (c) of any litigation, investigation or proceeding known to and affecting the Borrower or any
Borrower Affiliate in which (i) the amount involved exceeds (individually or collectively)
$1,000,000, or (ii) injunctive relief or other relief is sought, which could be reasonably expected
to have a Material Adverse Effect;



     (d) of any material change in accounting policies or financial reporting practices by the
Borrower; and



     (e) written notice at least ten (10) days before any proposed (A) relocation of any Loan
Party’s principal place of business or chief executive office, (B) change of any Loan Party’s name,
identity, or corporate, partnership or limited liability company structure, (C) relocation of the
place where the books and records concerning a Loan Party’s accounts are kept, (D) relocation of
any Loan Party’s Collateral (other than delivery of inventory in the ordinary course of business to
third party contractors for processing and sales of inventory in the ordinary course of business or
as permitted by any Loan Document) to a location not described on Annex A to the Security Agreement
to which such Loan Party is a party, and (E) change of any Loan Party’s jurisdiction of
organization or organizational identification number, as applicable.



     Each notice pursuant to this Section shall be accompanied by a statement of a Responsible
Officer of the Borrower setting forth details of the occurrence referred to therein and stating
what action the Borrower has taken and proposes to take with respect thereto. Each notice pursuant
to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement or
other Loan Document that have been breached.



     6.04 Payment of Obligations. Pay and discharge as the same shall become due and payable (a)
the Obligations, (b) all tax liabilities, assessments and governmental charges or levies upon it or
its properties or assets and (c) all lawful claims which, if unpaid, would by law become a Lien
upon its property; except, in the case of clause (b) or (c), where (x) the validity thereof are
being contested in good


 
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faith by appropriate proceedings and (y) adequate reserves in accordance with GAAP are being
maintained by the appropriate Loan Party.



     6.05 Preservation of Existence, Etc. (a) Preserve, renew and maintain in full force and effect
its legal existence and good standing under the Laws of the jurisdiction of its organization,
except in a transaction permitted by Sections 7.06 and 7.07, and (b) take all reasonable action to
maintain all rights, privileges, permits, licenses and franchises material to the conduct of its
business, except in a transaction permitted by Sections 7.06 and 7.07, except where the failure to
do so in each case could not reasonably be expected to have a Material Adverse Effect.



     6.06 Maintenance of Assets and Business. (a) Keep all property material to the conduct of its
business in good working order and condition (ordinary wear and tear excepted) and make all
necessary repairs thereto and replacements thereof; (b) do all things necessary to obtain, renew,
extend, and continue in effect all Authorizations which may at any time and from time to time be
necessary for the operation of its business in compliance with applicable Law, except where the
failure to so maintain, renew, extend, or continue in effect could not reasonably be expected to
have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the
operation and maintenance of its facilities.



     6.07 Maintenance of Insurance. (a) Maintain with responsible insurance companies insurance
with respect to its properties and business (including business interruption insurance) against
such casualties and contingencies and of such types and in such amounts as is customary in the case
of similar businesses and which is reasonably acceptable to the Administrative Agent and will (i)
furnish to the Administrative Agent on each anniversary of the Restatement Date a certificate or
certificates of insurance from the applicable insurance company evidencing the existence of
insurance required to be maintained by this Agreement and the other Loan Documents and evidencing
that Administrative Agent is listed as loss payee on property insurance (except as to properties
owned by the Excluded MLP Entities) and the Administrative Agent and Lenders are additional
insureds on liability insurance, and (ii) upon request of the Administrative Agent, furnish to each
Lender at reasonable intervals a certificate of an Authorized Officer of the Borrower setting forth
the nature and extent of all insurance maintained in accordance with this Section.



     (b) Except as the Administrative Agent may otherwise consent to in writing, Borrower will, and
will cause each of the QRC Subsidiaries to, forthwith upon receipt, transmit and deliver to the
Administrative Agent, in the form received, all cash, checks, drafts, chattel paper and other
instruments or writings for the payment of money (properly endorsed, where required, so that such
items may be collected by the Administrative Agent) which may be received by the Borrower at any
time in full or partial payment of amounts due under any insurance policy in an amount in excess of
$1,000,000. Except as the Administrative Agent may otherwise consent in writing, any such items
which may be received by the Borrower in excess of $1,000,000 will not be commingled with any other
of its funds or property, but will be held separate and apart from its own funds or property and
upon express trust for the Administrative Agent until delivery is made to the Administrative Agent.



     6.08 Compliance with Laws and Contractual Obligations. (a) Comply in all material respects
with the requirements of all Laws (including Environmental Laws) applicable to it or to its
business or property, except in such instances in which (i) such requirement of Law is being
contested in good faith or a bona fide dispute exists with respect thereto, or (ii) the failure to
comply therewith could not be reasonably expected to have a Material Adverse Effect; and (b) comply
with all Contractual




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Obligations, except if the failure to comply therewith could not be reasonably expected to have a
Material Adverse Effect.



     6.09 Books and Records. Maintain (a) proper books of record and account, in which full, true
and correct entries in conformity with GAAP consistently applied (except as otherwise noted herein)
shall be made of all financial transactions and matters involving its assets and business, and (b)
maintain such books of record and account in material conformity with all applicable requirements
of any Governmental Authority having regulatory jurisdiction over it.



     6.10 Inspection Rights. Permit representatives and independent contractors of the
Administrative Agent and each Lender to visit and inspect any of its properties, to examine its
corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to
discuss its affairs, finances and accounts with its officers and independent public accountants, at
such reasonable times during normal business hours and as often as may be reasonably desired, upon
reasonable advance notice to the Borrower; provided, however, that when an Event of Default exists
the Administrative Agent or any Lender (or any of their respective representatives or independent
contractors) may do any of the foregoing at the expense of the Borrower at any time during normal
business hours and without advance notice. Additionally, Administrative Agent may, at the request
of the Required Lenders, conduct or cause to be conducted a commercial field examination of the
Borrower’s and the QRC Subsidiaries’ financial and accounting records and Borrower shall pay the
cost of such commercial field examination; provided so long as no Event of Default shall exist and
be continuing, no more than one such commercial field examination shall be undertaken at the
Borrower’s expense during any period of twelve consecutive months and the Borrower shall not be
obligated to pay more than $20,000 for any such annual commercial field examination.



     6.11 Compliance with ERISA. With respect to each Plan maintained by the Borrower, do each of
the following: (a) maintain each Plan in compliance in all material respects with the applicable
provisions of ERISA, the Code and other federal or state Laws, (b) cause each Plan which is
qualified under Section 401(a) of the Code to maintain such qualification; and (c) make all
required contributions to any Plan subject to Section 412 of the Code, except to the extent that
noncompliance, with respect to each event listed above, could not be reasonably expected to have a
Material Adverse Effect



     6.12 Use of Proceeds. Use proceeds of the Facility to (i) repay a portion of the
indebtedness owing under the Original Credit Agreement, and (ii) pay fees, costs and expenses owed
pursuant to this Agreement.



     6.13 Material Agreements. Enforce the obligations of parties to the Material Agreements,
except where such failure could not reasonably be expected to have a Material Adverse Effect.



     6.14 Guaranties. As an inducement to the Administrative Agent and Lenders to enter into this
Agreement, cause each Subsidiary of the Borrower (other than an Excluded MLP Entity) to execute and
deliver to Administrative Agent a Guaranty in form and substance reasonably satisfactory to the
Administrative Agent, providing for the guaranty of payment and performance of the Obligations. In
addition, within thirty (30) days after the formation or acquisition of any Subsidiary of the
Borrower (other than an Excluded MLP Entity), cause such Subsidiary to execute and deliver to the
Administrative Agent (a) a Guaranty in form and substance reasonably satisfactory to the
Administrative Agent, providing for the guaranty of payment and performance of the Obligations, (b)
Collateral Documents in form and substance reasonably satisfactory to the Administrative Agent
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of the assets and properties of such Subsidiary and in the equity interests in such Subsidiary
(other than Excluded Assets), subject to Permitted Liens, (c) certified copies of such Subsidiary’s
Organization Documents and opinions of counsel with respect to such Subsidiary and such Guaranty,
and (d) such other documents and instruments as may be required with respect to such Subsidiary
pursuant to Section 6.15.



     6.15 Further Assurances; Additional Collateral. (a) The Borrower shall and shall cause each
Subsidiary of the Borrower (other than the Excluded MLP Entities) to take such actions and to
execute and deliver such documents and instruments as the Administrative Agent shall reasonably
require to ensure that the Administrative Agent or Collateral Agent on behalf of the Secured
Parties shall, at all times, have received currently effective duly executed Loan Documents
granting Liens and security interests in substantially all of the assets (other than Excluded
Assets) of the Borrower and each Subsidiary of the Borrower (other than the Excluded MLP Entities),
including all capital stock, partnership, joint venture, membership interests, or other equity
interests except for (i) any motor vehicle or other equipment that has a certificate of title and
a fair market value of less than $50,000, and (ii) those properties and assets as to which the
Administrative Agent shall determine in its sole discretion (in consultation with the Borrower)
that the costs of obtaining such security interest are excessive in relation to the value of the
security to be afforded thereby. Without limiting the foregoing, the Borrower shall and shall
cause each Subsidiary of the Borrower to subject any of their deposit accounts to a control
agreement in form and substance reasonably satisfactory to the Administrative Agent within 30 days
of Administrative Agent’s request therefor.



     (b) In connection with the actions required pursuant to the foregoing subsection (a), the
Borrower shall and shall cause each Subsidiary of the Borrower (other than the Excluded MLP
Entities) to execute and deliver such stock certificates, blank stock powers, evidence of corporate
authorization, opinions of counsel, current valuations, evidence of title, and other documents, and
shall use commercially reasonable efforts to obtain third party consents, as shall be reasonably
requested by the Administrative Agent, in each case in form and substance reasonably satisfactory
to the Administrative Agent.



     (c) The Liens required by this Section 6.15 shall be first priority Liens in favor of the
Administrative Agent or Collateral Agent for the benefit of the Secured Parties, subject to no
other Liens except Permitted Liens of the type described in Section 7.01. The Liens required by
this Section 6.15 shall be perfected Liens in favor of the Administrative Agent or Collateral Agent
for the benefit of the Secured Parties in all collateral to the extent perfection has or will occur
by (i) the filing of a Uniform Commercial Code financing statement in the relevant jurisdiction,
(ii) possession or control or (iii) the notation on a certificate of title. If the Administrative
Agent shall determine that, as of any date, the Borrower shall have failed to comply with this
Section 6.15, the Administrative Agent may (and at the direction of the Required Lenders, shall)
notify the Borrower in writing of such failure and, within 30 days from and after receipt of such
written notice by the Borrower, the Borrower shall execute and deliver to the Administrative Agent
supplemental or additional Loan Documents, in form and substance reasonably satisfactory to the
Administrative Agent and its counsel, securing payment of the Term Notes and the other Obligations
and covering additional assets and properties not then encumbered by any Loan Documents (together
with such other information, as may be requested by the Administrative Agent, each of which shall
be in form and substance reasonably satisfactory to the Administrative Agent) such that the
Administrative Agent shall have received currently effective duly executed and perfected Collateral
Documents encumbering substantially all of the assets (other than Excluded Assets) of the Borrower
and the QRC Subsidiaries as required by Section 6.15(a).





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     6.16 Fiscal Year. The Borrower shall maintain its December 31 fiscal year end.



ARTICLE VII.

NEGATIVE COVENANTS




     So long as any Lender shall have any Term Commitment hereunder, or any Term Loan or other
Obligations (other than contingent indemnity obligations and obligations under Lender Hedging
Agreements) shall remain unpaid or unsatisfied, the Borrower agrees that it shall not, nor shall it
permit any of the QRC Subsidiaries to, directly or indirectly:



     7.01 Liens. Create, incur, assume or suffer to exist, any Lien upon any of its property, assets or
revenues, whether now owned or hereafter acquired, other than the following:



     (a) Liens pursuant to any Loan Document;



     (b) Liens existing on the Restatement Date and listed on Schedule 7.01 to this Agreement and
any renewals or extensions thereof; provided that the property covered thereby is not increased,
the amount of the Indebtedness secured thereby is not increased, and any renewal or extension of
the obligations secured or benefited thereby is permitted under this Agreement;



     (c) Liens for taxes, assessments, or other governmental charges or levies not yet due or which
are being contested in good faith and by appropriate proceedings, if adequate reserves with respect
thereto are maintained on the books of the applicable Person in accordance with GAAP;



     (d) landlord’s, royalty owner’s, supplier’s, constructor’s, operator’s vendor’s, carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary
course of business or which are incident to the exploration, development, operation and
maintenance of Oil and Gas Properties not overdue for a period of more than 30 days or which are
being contested in good faith and by appropriate proceedings, if adequate reserves with respect
thereto are maintained on the books of the applicable Person;



     (e) pledges or deposits in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other social security legislation;



     (f) deposits to secure the performance of bids, trade contracts (other than for borrowed
money), leases, statutory obligations, surety and appeal bonds, performance bonds and other
obligations of a like nature, in each case incurred in the ordinary course of business;



     (g) easements, rights-of-way, restrictions, and other encumbrances, affecting real property
which, in the aggregate, are not substantial in amount, and which do not in any case materially
detract from the value of the property subject thereto or materially interfere with the ordinary
conduct of the business of the applicable Person;



     (h) judgment Liens not giving rise to an Event of Default;



     (i) any Lien existing on any asset (other than stock or other equity interests of a QRC
Subsidiary) prior to acquisition thereof by the Borrower or any other Loan Party; provided that (i)
no such



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Lien shall be extended to cover property other than the asset being acquired, and (ii) such
Lien was not created in contemplation of or in connection with such acquisition;




     (j) Liens securing Capital Lease obligations; provided that the Indebtedness in respect of
such Capital Lease obligations is permitted under Section 7.04(e);



     (k) purchase money Liens upon or in any property acquired, constructed or improved by Borrower
or any other Loan Party (placed on such property at the time of such acquisition or the completion
of the construction or improvement or within 90 days thereafter) to secure the deferred portion of
the purchase price of such property or to secure Indebtedness incurred to finance the acquisition,
construction or improvement of such property; provided that (i) no such Lien shall be extended to
cover property other than the property being acquired, constructed or improved and (ii) the
Indebtedness thereby secured is permitted by Section 7.04(d);



     (l) Liens reserved in or exercisable under any lease or sublease to which the Borrower or any
other Loan Party is a lessee which secure the payment of rent or compliance with the terms of such
lease or sublease; provided, that the rent under such lease or sublease is not then overdue and the
Borrower or any other Loan Party is in material compliance with the terms and conditions thereof;



     (m) any interest or title of a lessor under any lease entered into by the Borrower or any
other Loan Party in the ordinary course of its business and covering only the assets so leased, and
any interest of a landowner in the case of easements entered into by the Borrower or any other Loan
Party in the ordinary course of its business and covering only the property subject to the
easement;



     (n) Liens securing obligations (other than obligations representing Indebtedness for borrowed
money) under operating, reciprocal easement or similar agreements entered into in the ordinary
course of business of the Borrower and the other Loan Parties;



     (o) licenses of patents, trademarks and other intellectual property rights granted by the
Borrower or any of the QRC Subsidiaries in the ordinary course of business and not interfering in
any material respect with the ordinary conduct of the business of the Borrower and the QRC
Subsidiaries;



     (p) Liens arising solely by virtue of any statutory or common law provision relating to
banker’s liens, rights of set-off or similar rights and remedies and burdening only deposit
accounts or other funds maintained with a creditor depository institution;



     (q) Liens on any additions, improvements, replacements, repairs, fixtures, appurtenances or
component parts thereof attaching to or required to be attached to property or assets pursuant to
the terms of any mortgage, pledge agreement, security agreement or other similar instrument,
creating a Lien upon such property or asset otherwise permitted under this Section;



     (r) Liens securing an obligation of a third party neither created, assumed nor Guaranteed by
the Borrower or any QRC Subsidiary upon lands over which easements or similar rights are acquired
by the Borrower or any QRC Subsidiary in the ordinary course of business of the Borrower or any QRC
Subsidiary;



     (s) any Liens arising out of the refinancing, extension, renewal or refunding of any
Indebtedness secured by any Lien permitted by any of the foregoing clauses of this Section,
provided that such Indebtedness is not increased except for increases in an amount equal to a
reasonable premium





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or other reasonable amount paid, and fees and expenses reasonably incurred, in
connection with such extension, renewal, refinancing, or replacement and in an amount equal to any
existing commitments unutilized thereunder, and is not secured by any additional assets;



     (t) Liens arising out of the cash collateralization of letter of credit reimbursement
obligations permitted under Section 7.04(i);



     (u) contractual Liens which arise in the ordinary course of business under operating
agreements, joint venture agreements, oil and gas partnership agreements, oil and gas leases,
farm-out agreements, division orders, contracts for sale, purchase, transportation or exchange of
oil or natural gas, unitization and pooling declarations and agreements, area of mutual interest
agreements, royalty and overriding royalty agreements, marketing agreements, processing agreements,
net profits agreements, development agreements, gas balancing or deferred production agreements,
injection, repressuring and recycling agreements, salt water or other disposal agreements, seismic
or other geophysical permits or agreements, and other agreements which are usual and customary in
the oil and gas business and are for claims which are not delinquent;



     (v) Rights reserved to or vested in a Governmental Authority having jurisdiction to control or
regulate any Oil and Gas Property in any manner whatsoever and all laws of such Governmental
Authorities, so long as the Borrower and the QRC Subsidiaries are in compliance with all such laws,
except for any non-compliance that would not result in a Material Adverse Effect;



     (w) consents to assignment and similar contractual provisions affecting an Oil and Gas
Property to the extent, and only to the extent, such consents are not affected by or required for
the execution, delivery, performance and enforcement of any Loan Document;



     (x) preferential rights to purchase and similar contractual provisions affecting an Oil and
Gas Property to the extent, and only to the extent, such consents are not affected by delivery of
any Loan Document or, if affected, have been waived; and



     (y) all defects and irregularities affecting title to an Oil and Gas Property that could not
operate to reduce the net revenue interest of the Borrower and the QRC Subsidiaries for such Oil
and Gas Property (if any), increase the working interest of the Borrower and the QRC Subsidiaries
for such Oil and Gas Property (if any) without a corresponding increase in the corresponding net
revenue interest, otherwise interfere materially with the operation, value or use of such Oil and
Gas Property or cause a Material Adverse Effect.



     7.02 Investments. Make or own any Investments, except:



     (a) Investments existing on the Restatement Date and listed in Section (b) of Schedule 5.13;



     (b) Cash Equivalents;



     (c) Investments constituting Indebtedness permitted under Section 7.04(b);



     (d) Investments by the Borrower and the QRC Subsidiaries in any Subsidiary of the Borrower
that, prior to such Investment, is a Guarantor and Investments by Subsidiaries in the Borrower



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and
Investments by the Borrower in QMLPGP and QELPGP to maintain QMLPGP’s and QELPGP’s 2% general
partner interest in QMLP and QELP, respectively;



     (e) Guarantees of Indebtedness permitted under Section 7.04;



     (f) Swap Contracts permitted under Section 7.03;



     (g) Investments consisting of extensions of credit, including without limitation, in the
nature of accounts receivable, arising from the grant of trade credit or prepayments or similar
transactions entered into in the ordinary course of business and investments by the Borrower or any
QRC Subsidiary in satisfaction or partial satisfaction thereof from financially troubled account
debtors to prevent or limit financial loss;



     (h) endorsements for collection or deposit in the ordinary course of business;



     (i) Investments in Oil and Gas Properties or assets used in the Midstream Business or Persons
whose primary assets consist of Oil and Gas Properties or whose primary business is the Midstream
Business;



     (j) Investments not otherwise permitted by this Section 7.02 in an aggregate amount not to
exceed $500,000 at anytime outstanding.



     7.03 Hedging Agreements.



     (a) Enter into any Swap Contracts other than in the ordinary course of business for the
purpose of protecting against fluctuations in interest rates, commodity prices, or foreign exchange
rates and not for purposes of speculation; provided:



          (i) that the Swap Contract shall not contain any provision (a) exonerating the non-defaulting
party from its obligation to make payments on outstanding transactions to the defaulting party and
(b) requiring the Borrower or any QRC Subsidiary at any time or under any circumstance to post any
cash collateral or letter of credit or grant a Lien on any collateral to secure Borrower’s or any
QRC Subsidiary’s obligations under such Swap Contract (unless such Swap Contract is a Lender
Hedging Agreement);



          (ii) if the Swap Contract relates to Hydrocarbons, Borrower enters into such Swap Contract
with or through a counterparty that has a credit rating of at least “A-” by S&P and “A3” by
Moody’s;



          (iii) such Swap Contracts relating to Hydrocarbons cover monthly notional volumes of
Hydrocarbons that do not exceed an amount mutually agreeable to Borrower and Administrative Agent.



     7.04 Indebtedness.



     Create, incur, or assume any Indebtedness except:



     (a) Indebtedness incurred pursuant to the Loan Documents;



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     (b) Indebtedness owed by a Subsidiary to the Borrower or to a Wholly-Owned Subsidiary or by
the Borrower to a Wholly-Owned Subsidiary of the Borrower; provided, that, in each such case such
Indebtedness is evidenced by a promissory note which has been pledged to secure the Obligations and
is in the possession of the Administrative Agent or Collateral Agent;



     (c) obligations (contingent or otherwise) of the Borrower or any other Loan Party existing or
arising under any Swap Contract to the extent permitted by Section 7.03;



     (d) Indebtedness of the Borrower and any other Loan Party in respect of purchase money
obligations for fixed or capital assets within the limitations set forth in Section 7.01(k);
provided, however, that the aggregate amount of such Indebtedness at any one time outstanding shall
not exceed $500,000;



     (e) Indebtedness of the Borrower or any other Loan Party in respect of Capital Lease
obligations; provided that, such Capital Lease obligations will not require the payment of an
aggregate amount in excess of $500,000 annually; provided that any Capital Lease obligation
relating to compressors or compression equipment shall be excluded from this subsection and dealt
with in Section 7.05;



     (f) Indebtedness consisting of surety bonds that the Borrower or any other Loan Party is
required to obtain in order to comply with applicable Law or the requirements of any Governmental
Authority;



     (g) Indebtedness secured by any Lien permitted under Section 7.01(i); provided, however, that
the aggregate amount of such Indebtedness at any one time outstanding shall not exceed $500,000;



     (h) other Indebtedness of the Borrower and any other Loan Party not to exceed $500,000 in the
aggregate principal amount outstanding at any time;



     (i) reimbursement obligations under letters of credit issued for any Loan Party by Royal Bank
of Canada; provided the aggregate amount of such reimbursement obligations in connection with such
letters of credit shall not exceed $500,000 at any time; and



     (j) Indebtedness existing on the date hereof and listed on Schedule 7.04.



provided, that if any Indebtedness is incurred pursuant to this Section 7.04, immediately after
such Indebtedness is created, incurred or assumed, no Default or Event of Default shall exist.



     7.05 Lease Obligations. Create or suffer to exist any obligations for the payment of rent for any
property under operating leases or agreements to lease, except for (i) operating leases (or Capital
Lease obligations) for compressors and compression equipment and services for which no dollar
limitation shall be applicable and (ii) operating leases (or Capital Lease obligations) entered
into or assumed by the Borrower or any other Loan Party prior to the date hereof or after the date
hereof in the ordinary course of business; provided that, such other operating leases (or Capital
Lease Obligations) will not require the payment of an aggregate amount

of payments in excess of (excluding escalations resulting from a rise in the consumer price or
similar index) $2,000,000 annually, exclusive of expenses for maintenance, repairs, insurance,
taxes, assessments and similar changes, net of any reimbursement of such amounts by QELP or QMLP.



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     7.06 Fundamental Changes. Merge, dissolve, liquidate or consolidate with or into, or convey,
transfer, lease or otherwise Dispose of (whether in one transaction or in a series of related
transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to
or in favor of any Person; except that, so long as no Default or Event of Default exists or would
result therefrom:



     (a) any Person may merge, dissolve or liquidate into the Borrower; provided that in the case
of a merger the Borrower is the surviving entity;



     (b) any other Loan Party may dissolve or liquidate or merge with (i) the Borrower; provided
that in the case of a merger the Borrower shall be the continuing or surviving Person, or (ii) any
one or more Loan Parties;



     (c) any Loan Party may sell all or substantially all of its assets (upon voluntary liquidation
or otherwise), to the Borrower or to another Loan Party; and



     (d) any Person (other than the Borrower or any other Loan Party) may merge into any Loan
Party; provided that such Loan Party is the surviving entity.



     7.07 Dispositions.



     Make any Disposition or enter into any agreement to make any Disposition, except:



     (a) the PetroEdge Disposition and Dispositions of property by any Loan Party to the Borrower,
or by the Borrower to a Wholly-Owned Subsidiary that is a Guarantor;



     (b) Dispositions of equipment or real property for fair market value to the extent that (i)
such property is exchanged for credit against the purchase price of similar replacement property,
or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of
such replacement property;



     (c) other Dispositions for fair market value; provided no Default or Event of Default then
exists or arises as a result thereof; and provided that if the Disposition is for cash and a
prepayment is required by Section 2.04(c)(i), the Borrower shall make such prepayment in accordance
with such Section;



     (d) Dispositions of property that is no longer commercially viable to maintain or is obsolete,
surplus or worn-out property; or



     (e) Dispositions permitted under Section 7.06.



     7.08 Restricted Payments; Distributions and Redemptions. Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation
(contingent or otherwise) to do so, except that (i) each Subsidiary may make Restricted Payments to
the Borrower and to Wholly-Owned Subsidiaries of the Borrower and (ii) the Borrower may make
Restricted Payments to QMLPGP and QELPGP to maintain QMLPGP’s and QELPGP’s 2% general partner
interest in QMLP and QELP, respectively; provided, that at the time a Restricted Payment described
in clause (ii) above is made no Default or Event of Default exists or would result therefrom.



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     7.09 ERISA. At any time engage in a transaction which could be subject to Section 4069 or 4212(c)
of ERISA, or knowingly permit any Plan maintained by the Borrower to: (a) engage in any non-exempt
“prohibited transaction” (as defined in Section 4975 of the Code); (b) fail to comply with ERISA or
any other applicable Laws; or (c) incur any material “accumulated funding deficiency” (as defined
in Section 302 of ERISA), which, with respect to each event listed above, could be reasonably
expected to have a Material Adverse Effect.



     7.10 Nature of Business; Risk Management. Engage in any line of business substantially different
from those lines of business conducted by the Borrower and the QRC Subsidiaries on the Restatement
Date or lines of business associated with the acquisition of Oil and Gas Properties or the
Midstream Business to be Disposed of by the Borrower or any of the QRC Subsidiaries to QMLP or QELP
for development. Without the written approval of the Administrative Agent, neither the Borrower
nor any other Loan Party may materially change its risk management policy.



     7.11 Transactions with Affiliates. 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 (i) transactions between or among the Borrower and
any other Loan Party not involving any other Affiliate, (ii) the transactions under the agreements
listed on Schedule 7.11, (iii) any Restricted Payment permitted by Section 7.08, (iv) the PetroEdge
Disposition and transactions in connection with the PetroEdge Disposition so long as such
transactions are on terms and conditions not less favorable to the Borrower or such other Loan
Party, as applicable, than could be obtained on an arm’s length basis from unrelated third parties
and (v) in the ordinary course of business at prices and on terms and conditions not less favorable
to the Borrower or such other Loan Party, as applicable, than could be obtained on an arm’s length
basis from unrelated third parties.



     7.12 Burdensome Agreements. Enter into any Contractual Obligation that limits the ability of any
Subsidiary to make Restricted Payments to the Borrower or to otherwise transfer property to the
Borrower; provided that (i) the foregoing shall not apply to restrictions and conditions imposed by
applicable Law or by this Agreement, (ii) the foregoing shall not apply to customary restrictions
and conditions contained in agreements relating to the sale of a Subsidiary pending such sale,
provided such restrictions and conditions apply only to the Subsidiary that is to be sold and such
sale is permitted hereunder, and (iii) the foregoing shall not apply to restrictions and conditions
contained in the documentation evidencing any Indebtedness permitted hereunder. Notwithstanding the
foregoing, (i) documents governing a Capitalized Lease or a purchase money Lien permitted by
Sections 7.01(j) and (k) may prohibit other Liens on the asset encumbered by such Lien.



     7.13 Use of Proceeds. Use the proceeds of any Term Loan for purposes other than those permitted by
Section 6.12, or use the proceeds of any Term Loan, whether directly or indirectly, and whether
immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of
Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying
margin stock or to refund indebtedness originally incurred for such purpose.



     7.14 Material Agreements. Permit (a) any amendment to any Borrower Organization Document or any
Material Agreement, if such amendment could reasonably be expected to (y) have a Material Adverse
Effect on the ability of the Borrower or any Guarantor to perform its obligations under the Loan
Documents to which it is a party or (z) otherwise materially adversely affect the Lenders, or (b)
any assignment of any Material Agreement if such assignment could reasonably be expected to
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adversely affect the Lenders or have a Material Adverse Effect on the ability of the
Borrower or any other Loan Party to perform its obligations under the Loan Documents to which it is
a party.



     7.15 Developmental Expenditures. Make capital expenditures for the development of Oil and Gas
Properties unless Borrower is in compliance with the terms of this Agreement, including Section
2.06, and from no sources other than (i) distributions paid to Borrower as a result of Borrower’s
ownership interest in QMLP and QELP, (ii) revenues derived by Borrower or any Loan Party from the
sale of Hydrocarbons from its Oil and Gas Properties and (iii) proceeds from any Debt Offering and
Equity Issuance remaining after application of Net Cash Proceeds as required by Section 2.04.



     7.16 Material Acquisitions. Make or incur any obligation to make a Material Acquisition without
the prior written consent of the Required Lenders.



     7.17 Financial Covenants.



     (a) Interest Coverage Ratio. Permit the Interest Coverage Ratio at any fiscal quarter-end,
commencing with the quarter-ended September 30, 2008, to be less than 2.5 to 1.0.



     (b) Leverage Ratio. Permit the Leverage Ratio at any fiscal quarter-end, commencing with the
quarter-ended September 30, 2008, to be greater than 2.0 to 1.0.



     (c) For the purposes of calculating Consolidated EBITDA (and Consolidated Annualized EBITDA)
for any period of four consecutive fiscal quarters (each, a “Reference Period”) pursuant to any
determination of the covenants set forth in this Section 7.17 (which calculation shall, in all
respects, be acceptable to, and approved by the Administrative Agent), (i) if at any time after the
first day of such Reference Period the Borrower or any QRC Subsidiary shall have made any Material
Disposition, the Consolidated EBITDA (or Consolidated Annualized EBITDA, if applicable) for such
Reference Period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) (or
Consolidated Annualized EBITDA, if positive) attributable to the property that is the subject of
such Material Disposition for such Reference Period and (ii) if at any time after the first day of
such Reference Period the Borrower or any QRC Subsidiary shall have made a Material Acquisition,
Consolidated EBITDA (or

Consolidated Annualized EBITDA) for such Reference Period shall be calculated after giving pro
forma effect thereto as if such Material Acquisition occurred on the first day of such Reference
Period.



     (d) Except as otherwise indicated, the ratios set out above shall be calculated at the end of
each reporting period for which this Agreement requires Borrower to deliver financial statements
pursuant to Sections 6.01(a) and 6.01(b), using the results of the twelve-month period ending with
that reporting period, except as otherwise provided herein.



ARTICLE VIII.

EVENTS OF DEFAULT AND REMEDIES




     8.01 Events of Default. Any of the following shall constitute an Event of Default:



     (a) Non-Payment. The Borrower fails to pay (i) when and as required to be paid
herein, any amount of principal of any Term Loan or (ii) within three Business Days after the same
becomes due, any



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interest on any Term Loan, any commitment or other fee due hereunder, or any other
amount payable hereunder or under any other Loan Document; or



     (b) Specific Covenants. The Borrower fails to perform or observe any term, covenant
or agreement contained in the L/C Terms and Conditions or any of Section 6.03(a), 6.05 (with
respect to the Borrower’s existence), 6.10, 6.12, or Article VII; or



     (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or
agreement (not specified in subsection (a) or (b) above) contained in any Loan Document on its part
to be performed or observed and such failure continues for 30 days after the date notice has been
given to the Borrower by the Administrative Agent or a Lender; or



     (d) Representations and Warranties. Any representation or warranty made or deemed
made by the Borrower or any other Loan Party herein, in any other Loan Document, or in any document
delivered in connection herewith or therewith proves to have been incorrect in any material respect
when made or deemed made; or



     (e) Cross-Default. (i) The Borrower, any Borrower Affiliate, QMLP or QELP (A) fails
to make any payment when due (whether by scheduled maturity, required prepayment, acceleration,
demand, or otherwise) in respect of any Indebtedness or Guaranty Obligation in respect of
Indebtedness (other than Indebtedness under Swap Contracts) having an aggregate principal amount
(or, in the case of a Capitalized Lease or a Synthetic Lease Obligation, Attributable Indebtedness)
(including undrawn or available amounts and including amounts owing to all creditors under any
combined or syndicated credit arrangement) of more than (individually or collectively) $1,000,000,
or (B) fails to observe or perform any other agreement or condition relating to any such
Indebtedness or Guaranty Obligation in respect of Indebtedness or contained in any instrument or
agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which
default or other event is to cause, or to permit the holder or holders of such Indebtedness, the
lessor under such Synthetic Lease Obligation or the beneficiary or beneficiaries of such Guaranty
Obligation (or a trustee or agent on behalf of such holder or holders or beneficiary or
beneficiaries) to cause, with the giving of notice if required, such Indebtedness to be demanded or
to

become due or to be repurchased or redeemed (automatically or otherwise) prior to its stated
maturity, or such Guaranty Obligation to become payable or cash collateral in respect thereof to be
demanded; provided that this clause (e)(i)(B) shall not apply to secured Indebtedness that becomes
due as a result of the voluntary sale or transfer of the property or assets securing such
Indebtedness; or (ii) (A) there occurs under any Swap Contract an Early Termination Date (as
defined in such Swap Contract) resulting from any event of default under such Swap Contract as to
which the Borrower or any Borrower Affiliate is the Defaulting Party (as defined in such Swap
Contract) and the Swap Termination Value owed by the Borrower or any Borrower Affiliate as a result
thereof is greater than (individually or collectively) $1,000,000, or (B) there occurs under any
Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from any
Termination Event (as so defined) under such Swap Contract as to which the Borrower or any Borrower
Affiliate is an Affected Party (as so defined) and the Early Termination Amount owed by the
Borrower and Borrower Affiliate as a result thereof is greater than (individually or collectively)
$1,000,000 and such amount is not paid when due under such Swap Contract; or



     (f) Insolvency Proceedings, Etc. (i) The Borrower, any Borrower Affiliate, QMLP or
QELP institutes or consents to the institution of any proceeding under any Debtor Relief Law, or
makes an assignment for the benefit of creditors; or applies for or consents to the appointment of
any receiver,



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trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it
or for all or any material part of its property or takes any action to effect any of the foregoing;
or (ii) any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer
is appointed without the application or consent of such Person and the appointment continues
undischarged or unstayed for 60 calendar days; or (iii) any proceeding under any Debtor Relief Law
relating to any such Person or to all or any part of its property is instituted without the consent
of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief
is entered in any such proceeding; or



     (g) Inability to Pay Debts; Attachment. (i) The Borrower, any Borrower Affiliate,
QMLP or QELP becomes unable or admits in writing its inability or fails generally to pay its debts
as they become due, or (ii) any writ or warrant of attachment or execution or similar process is
issued or levied against property which is a material part of the property of the Borrower and the
QRC Subsidiaries taken as a whole, and is not released, vacated or fully bonded within 45 days
after its issue or levy; or



     (h) Judgments. There is entered against the Borrower or any other Loan Party (i) a
final non-appealable judgment or order for the payment of money in an aggregate amount exceeding
(individually or collectively) $1,000,000 (to the extent not covered by third-party insurance as to
which the insurer does not dispute coverage), or (ii) any non-monetary final non-appealable
judgment that has or could reasonably be expected to have a Material Adverse Effect and, in either
case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order and is
not released, vacated or fully bonded within 60 days after its attachment or levy; or (B) there is
a period of 60 consecutive days during which a stay of enforcement of such judgment, by reason of a
pending appeal or otherwise, is not in effect; or



     (i) ERISA. (i) If the Borrower, any Borrower Affiliate or any of their ERISA
Affiliates maintains any Pension Plan or any Multiemployer Plan, an ERISA Event occurs with respect
to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to
result in liability of the Borrower or any Borrower Affiliate under Title IV of ERISA to the
Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of $1,000,000, or
(ii) if there is any Multiemployer Plan, the Borrower, any Borrower Affiliate or any ERISA
Affiliate thereof fails to pay when due, after the

expiration of any applicable grace period, any installment payment with respect to its
withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount
in excess of $1,000,000; or



     (j) Invalidity of Loan Documents. Any Loan Document, at any time after its execution
and delivery and for any reason other than the agreement of all the Lenders or termination of all
Term Loan Commitments and satisfaction in full of all the Obligations, ceases to be in full force
and effect, or is declared by a court of competent jurisdiction to be null and void, invalid or
unenforceable in any material respect; or any Loan Party denies that it has any or further
liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any
Loan Document; provided, however, that the foregoing shall not apply to the Guaranty and other
Collateral Documents of any Loan Party that is Disposed of by the Borrower in accordance with the
provisions of this Agreement; or



     (k) Change of Control. There occurs any Change of Control; or



     (l) Dissolution. The Borrower or any other Loan Party shall dissolve, liquidate, or
otherwise terminate its existence, except as permitted in Section 7.06; or



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     (m) Material Agreements. (i) Termination of any Material Agreement, or any material
provision of any of the foregoing if such termination could reasonably be expected to have a
Material Adverse Effect and such agreement or provision is not replaced (prior to such cessation)
in a manner satisfactory to the Administrative Agent; or (ii) default by any Person in the
performance or observance of any material term of any Material Agreement which is not cured within
the applicable cure period specified in such Material Agreement, if such default could reasonably
be expected to have a Material Adverse Effect;



     (n) Collateral; Impairment of Security, etc. (i) Any provision of any Loan Document
shall for any reason cease to be valid and binding on or enforceable against a Loan Party or any
Loan Party shall so state in writing or bring an action to limit its obligations or liabilities
thereunder; or (ii) any Collateral Document shall for any reason (other than pursuant to the terms
thereof) cease to create a valid security interest in the Collateral purported to be covered
thereby or such security interest shall for any reason (other than as permitted herein or in any
Collateral Document) cease to be a perfected and first priority security interest subject to
Permitted Liens; provided, however, that the foregoing shall not apply to the Guaranty and other
Collateral Documents of any Loan Party that is Disposed of by the Borrower in accordance with the
provisions of this Agreement; or



     (o) Collateral Deficiency. Any Collateral Deficiency is not cured within the time
limit specified in Section 2.04(b).



     8.02 Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the
Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders:



     (a) declare the Term Loan Principal Debt, all interest accrued and unpaid thereon, and all
other amounts owing or payable hereunder or under any other Loan Document to be immediately due and
payable, without presentment, demand, protest, notice of intent to accelerate, notice of
acceleration or other notice of any kind, all of which are hereby expressly waived by the Borrower;



     (b) sweep 100% of the Borrower’s and its Subsidiaries (excluding Excluded Subsidiaries’) cash
flow to repay Borrower’s Obligations under the Loan Documents.



     (c) exercise on behalf of itself and the Lenders all rights and remedies available to it and
the Lenders under the Loan Documents or applicable Law;


provided, however, that upon the occurrence of any event specified in subsection (f) of Section
8.01, the Term Loan Principal Debt and all interest and other amounts as aforesaid shall
automatically become due and payable.




     8.03 Application of Funds. After the exercise of remedies provided for in Section 8.02 (or
after the Term Loans have automatically become immediately due and payable, any amounts received on
account of the Obligations shall be applied by the Administrative Agent as set forth in Section
2.11(d).



ARTICLE IX.

ADMINISTRATIVE AGENT




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     9.01 Appointment and Authorization of Agents; Lender Hedging Agreements. (a) Each Lender hereby
irrevocably (subject to Section 9.10) appoints, designates and authorizes the Administrative Agent
to take such action on its behalf under the provisions of this Agreement and each other Loan
Document and to exercise such powers and perform such duties as are expressly delegated to it by
the terms of this Agreement or any other Loan Document, together with such powers as are reasonably
incidental thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in
any other Loan Document, the Administrative Agent shall not have any duties or responsibilities,
except those expressly set forth herein, nor shall the Administrative Agent have or be deemed to
have any fiduciary relationship with any Lender or Participant, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement
or any other Loan Document or otherwise exist against the Administrative Agent. Without limiting
the generality of the foregoing sentence, the use of the term “agent” herein and in the other Loan
Documents with reference to the Administrative Agent or Collateral Agent is not intended to connote
any fiduciary or other implied (or express) obligations arising under agency doctrine of any
applicable Law. Instead, such term is used merely as a matter of market custom, and is intended to
create or reflect only an administrative relationship between independent contracting parties.



     (b) To the extent any Lender or any Affiliate of a Lender is a party to a Lender Hedging
Agreement and accepts the benefits of the Liens in the Collateral arising pursuant to the
Collateral Documents, such Lender (for itself and on behalf of any such Affiliates) shall be deemed
(i) to appoint the Administrative Agent and Collateral Agent, as its nominee and agent, to act for
and on behalf of such Lender or Affiliate thereof in connection with the Collateral Documents and
(ii) to be bound by the terms of this Article IX.



     9.02 Delegation of Duties. The Administrative Agent may execute any of its duties under this
Agreement or any other Loan Document by or through agents (including the Collateral Agent),
employees or attorneys-in-fact and shall be entitled to advice of counsel and other consultants or
experts concerning all matters pertaining to such duties. Neither the Administrative Agent nor
Collateral Agent shall be responsible for the negligence or

misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or
willful misconduct.



     9.03 Default; Collateral. (a) Upon the occurrence and continuance of a Default or Event of
Default, the Lenders agree to promptly confer in order that Required Lenders or the Lenders, as the
case may be, may agree upon a course of action for the enforcement of the rights of the Lenders;
and the Administrative Agent shall be entitled to refrain from taking any action (without incurring
any liability to any Person for so refraining) unless and until the Administrative Agent shall have
received instructions from Required Lenders. All rights of action under the Loan Documents and all
right to the Collateral, if any, hereunder may be enforced by the Administrative Agent (or
Collateral Agent) and any suit or proceeding instituted by the Administrative Agent (or Collateral
Agent) in furtherance of such enforcement shall be brought in its name as the Administrative Agent
(or Collateral Agent) without the necessity of joining as plaintiffs or defendants any other
Lender, and the recovery of any judgment shall be for the benefit of the Lenders (and, with respect
to Lender Hedging Agreements, Affiliates, if applicable) subject to the expenses of the
Administrative Agent and Collateral Agent. In actions with respect to any property of the Borrower
or any other Obligor, the Administrative Agent (and the Collateral Agent) is acting for the ratable
benefit of each Lender (and, with respect to Lender Hedging Agreement, Affiliates, if applicable).
Any and all agreements to subordinate (whether made heretofore or hereafter) other indebtedness or
obligations of Borrower to the Obligations shall be construed as being for



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the ratable benefit of
each Lender (and, with respect to Lender Hedging Agreement, Affiliates, if applicable).



     (b) Each Lender authorizes and directs the Administrative Agent and the Collateral Agent to
enter into the Collateral Documents on behalf of and for the benefit of the Lenders (and, with
respect to Lender Hedging Agreements, Affiliates, if applicable)(or if previously entered into,
hereby ratifies the Administrative Agent’s and Collateral Agent’s previously entering into such
agreements and Collateral Documents).



     (c) Except to the extent unanimity (or other percentage set forth in Section 10.01) is
required hereunder, each Lender agrees that any action taken by the Required Lenders in accordance
with the provisions of the Loan Documents, and the exercise by the Required Lenders of the power
set forth herein or therein, together with such other powers as are reasonably incidental thereto,
shall be authorized and binding upon all of the Lenders.



     (d) The Administrative Agent and Collateral Agent are each hereby authorized on behalf of the
Lenders, without the necessity of any notice to or further consent from any Lender, from time to
time to take any action with respect to any Collateral or Collateral Documents which may be
necessary to perfect and maintain perfected the Liens upon the Collateral granted pursuant to the
Collateral Documents.



     (e) Neither the Administrative Agent nor the Collateral Agent shall have any obligation
whatsoever to any Lender or to any other Person to assure that the Collateral exists or is owned by
any Obligor or is cared for, protected, or insured or has been encumbered or that the Liens granted
to the Administrative Agent and/or Collateral Agent herein or pursuant thereto have been properly
or sufficiently or lawfully created, perfected, protected, or enforced, or are entitled to any
particular priority, or to exercise at all or in any particular manner or under any duty of care,
disclosure, or fidelity, or to continue exercising, any of the Rights granted or available to the
Administrative Agent or Collateral Agent in this Section 9.03 or in any of the Collateral
Documents; it being understood and agreed that in

respect of the Collateral, or any act, omission, or event related thereto, the Administrative
Agent may act in any manner it may deem appropriate, in its sole discretion, given the
Administrative Agent’s own interest in the Collateral as one of the Lenders and that the
Administrative Agent shall have no duty or liability whatsoever to any Lender, other than to act
without gross negligence or willful misconduct and the same shall apply to the Collateral Agent so
long as the Administrative Agent is also the Collateral Agent.



     (f) The Lenders hereby irrevocably authorize the Administrative Agent and/or Collateral Agent,
at its option and in its discretion, to release any Lien granted to or held by the Administrative
Agent or Collateral Agent upon any Collateral: (i) constituting property in which no Obligor owned
an interest at the time the Lien was granted or at any time thereafter; (ii) constituting property
leased or granted to an Obligor under a lease, easement or right-of-way which has expired or been
terminated in a transaction permitted under the Loan Document or is about to expire and which has
not been, and is not intended by such Obligor to be, renewed; and (iii) consisting of an instrument
evidencing Indebtedness pledged to the Administrative Agent or Collateral Agent (for the benefit of
the Lenders), if the Indebtedness evidenced thereby has been paid in full. In addition, the
Lenders irrevocably authorize the Administrative Agent and Collateral Agent to release Liens upon
Collateral as contemplated in Section 10.01(c) or (d), or if approved, authorized, or ratified in
writing by the requisite Lenders. Upon request by the Administrative Agent (or Collateral Agent)
at any time, the Lenders will confirm in writing the



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Administrative Agent’s (or Collateral Agent’s)
authority to release particular types or items of Collateral pursuant to this Section 9.03.



     (g) In furtherance of the authorizations set forth in this Section 9.03, each Lender hereby
irrevocably appoints the Administrative Agent and Collateral Agent its attorney-in-fact, with full
power of substitution, for and on behalf of and in the name of each such Lender (i) to enter into
Collateral Documents (including, without limitation, any appointments of substitute trustees under
any Collateral Documents), (ii) to take action with respect to the Collateral and Collateral
Documents to perfect, maintain, and preserve Lenders’ Liens, and (iii) to execute instruments of
release or to take other action necessary to release Liens upon any Collateral to the extent
authorized in paragraph (f) hereof. This power of attorney shall be liberally, not restrictively,
construed so as to give the greatest latitude to the Administrative Agent’s and the Collateral
Agent’s power, as attorney, relative to the Collateral matters described in this Section 9.03. The
powers and authorities herein conferred on the Administrative Agent and Collateral Agent may be
exercised by the Administrative Agent or Collateral Agent through any Person who, at the time of
the execution of a particular instrument, is an officer of the Administrative Agent or Collateral
Agent (or any Person acting on behalf of the Administrative Agent or Collateral Agent pursuant to a
valid power of attorney). The power of attorney conferred by this Section 9.03(g) to the
Administrative Agent and Collateral Agent is granted for valuable consideration and is coupled with
an interest and is irrevocable so long as the Obligations, or any part thereof, shall remain unpaid
or the Lenders have any Term Loan Commitment hereunder.



     9.04 Liability of Agents. No Agent-Related Person shall (a) be liable for any action taken or
omitted to be taken by any of them under or in connection with this Agreement or any other Loan
Document or the transactions contemplated hereby (except for its own gross negligence or willful
misconduct in connection with its duties expressly set forth herein), or (b) be responsible in any
manner to any Lender or Participant for any recital, statement, representation or warranty made by
any Loan Party or any officer thereof, contained herein or in any other Loan Document, or in any
certificate, report, statement or other document referred to or provided for in, or received by
Administrative Agent or Collateral Agent under or in connection with, this

Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability
or sufficiency of this Agreement or any other Loan Document, or for the creation, perfection or
priority of any Liens purported to be created by any of the Loan Documents, or the validity,
genuineness, enforceability, existence, value or sufficiency of any collateral security, or to make
any inquiry respecting the performance by the Borrower of its obligations hereunder or under any
other Loan Document, or for any failure of any Loan Party or any other party to any Loan Document
to perform its obligations hereunder or thereunder. No Agent-Related Person shall be under any
obligation to any Lender or Participant to ascertain or to inquire as to the observance or
performance of any of the agreements contained in, or conditions of, this Agreement or any other
Loan Document, or to inspect the properties, books or records of any Loan Party or any Affiliate
thereof.



     9.05 Reliance by Administrative Agent. (a) The Administrative Agent shall be entitled to rely, and
shall be fully protected in relying, upon any writing, communication, signature, resolution,
representation, notice, consent, certificate, affidavit, letter, facsimile, electronic mail message
or telephone message, statement or other document or conversation believed by it to be genuine and
correct and to have been signed, sent or made by the proper Person or Persons, and upon advice and
statements of legal counsel (including counsel to any Loan Party), independent accountants and
other experts selected by the Administrative Agent. The Administrative Agent shall be fully
justified in failing or refusing to take any action under any Loan Document unless it shall first
receive such advice or concurrence of the Required Lenders as it deems appropriate and, if it so
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satisfaction by the Lenders against any and all
liability and expense which may be incurred by it by reason of taking or continuing to take any
such action. The Administrative Agent shall in all cases be fully protected in acting, or in
refraining from acting, under this Agreement or any other Loan Document in accordance with a
request or consent of the Required Lenders or all the Lenders, if required hereunder, and such
request and any action taken or failure to act pursuant thereto shall be binding upon all the
Lenders and Participants. Where this Agreement expressly permits or prohibits an action unless the
Required Lenders otherwise determine, the Administrative Agent shall, and in all other instances,
the Administrative Agent may, but shall not be required to, initiate any solicitation for the
consent or a vote of the Lenders.



     (b) For purposes of determining compliance with the conditions specified in Section 4.01, each
Lender that has funded its Pro Rata Share of the Borrowing(s) on the Restatement Date (or, if there
is no Borrowing made on such date, each Lender other than Lenders who gave written objection to the
Administrative Agent prior to such date) shall be deemed to have consented to, approved or accepted
or to be satisfied with, each document or other matter either sent by the Administrative Agent to
such Lender for consent, approval, acceptance or satisfaction, or required hereunder to be
consented to or approved by or acceptable or satisfactory to a Lender.



     9.06 Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice
of the occurrence of any Default or Event of Default, except with respect to defaults in the
payment of principal, interest and fees required to be paid to the Administrative Agent for the
account of the Lenders, unless the Administrative Agent shall have received written notice from a
Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and
stating that such notice is a “notice of default.” The Administrative Agent will notify the Lenders
of its receipt of any such notice. The Administrative Agent shall take such action with respect to
such Default or Event of Default as may be directed by the Required Lenders in accordance with
Article VIII; provided, however, that unless and until the Administrative

Agent has received any such direction, the Administrative Agent may (but shall not be obligated to)
take such action, or refrain from taking such action, with respect to such Default or Event of
Default as it shall deem advisable or in the best interest of the Lenders.



     9.07 Credit Decision; Disclosure of Information by Administrative Agent. Each Lender acknowledges
that no Agent-Related Person has made any representation or warranty to it, and that no act by the
Administrative Agent hereafter taken, including any consent to and acceptance of any assignment or
review of the affairs of any Loan Party or any Affiliate thereof, shall be deemed to constitute any
representation or warranty by any Agent-Related Person to any Lender as to any matter, including
whether Agent-Related Persons have disclosed material information in their possession. Each Lender
represents to the Administrative Agent that it has, independently and without reliance upon any
Agent-Related Person and based on such documents and information as it has deemed appropriate, made
its own appraisal of and investigation into the business, prospects, operations, property,
financial and other condition and creditworthiness of the Loan Parties and their respective
Subsidiaries, and all applicable bank or other regulatory Laws relating to the transactions
contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to
the Borrower hereunder. Each Lender also represents that it will, independently and without
reliance upon any Agent-Related Person and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit analysis, appraisals and decisions in
taking or not taking action under this Agreement and the other Loan Documents, and to make such
investigations as it deems necessary to inform itself as to the business, prospects, operations,
property, financial and other condition and creditworthiness of the Borrower and the other Loan
Parties. Except for notices, reports and other documents expressly required



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to be furnished to the
Lenders by the Administrative Agent herein, the Administrative Agent shall not have any duty or
responsibility to provide any Lender with any credit or other information concerning the business,
prospects, operations, property, financial and other condition or creditworthiness of any of the
Loan Parties or any of their respective Affiliates which may come into the possession of any Agent
Related Person.



     9.08 Indemnification of Agents. Whether or not the transactions contemplated hereby are
consummated, the Lenders shall indemnify upon demand each Agent-Related Person (to the extent not
reimbursed by or on behalf of any Loan Party and without limiting the obligation of any Loan Party
to do so), pro rata, and hold harmless each Agent-Related Person from and against any and all
Indemnified Liabilities incurred by it; provided, however, that no Lender shall be liable for the
payment to any Agent-Related Person of any portion of such Indemnified Liabilities to the extent
determined in a final, nonappealable judgment by a court of competent jurisdiction to have been
caused primarily by such Agent-Related Person’s own gross negligence or willful misconduct;
provided, however, it being agreed by all Lenders that no action taken in accordance with the
directions of the Required Lenders shall be deemed to constitute gross negligence or willful
misconduct for purposes of this Section. Without limitation of the foregoing, each Lender shall
reimburse the Administrative Agent upon demand for its ratable share of any costs or out-of-pocket
expenses (including Attorney Costs and costs and expenses in connection with the use of Intralinks,
Inc. or other similar information transmission systems in connection with this Agreement) incurred
by the Administrative Agent in connection with the preparation, execution, delivery,
administration, modification, amendment or enforcement (whether through negotiations, legal
proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this
Agreement, any other Loan Document, or any document contemplated by or referred to herein, to the
extent that the Administrative Agent is not reimbursed for such expenses by or on behalf of the
Borrower. The undertaking in this

Section shall survive termination of the Term Loan Commitments, the payment of all Obligations
hereunder and the resignation or replacement of the Administrative Agent.



     9.09 Administrative Agent in its Individual Capacity. Royal Bank of Canada and its Affiliates may
make loans to, accept deposits from, acquire equity interests in and generally engage in any kind
of banking, trust, financial advisory, underwriting or other business with each of the Loan Parties
and their respective Affiliates as though Royal Bank of Canada were not the Administrative Agent,
Collateral Agent hereunder and without notice to or consent of the Lenders. The Lenders
acknowledge that, pursuant to such activities, Royal Bank of Canada or its Affiliates may receive
information regarding any Loan Party or its Affiliates (including information that may be subject
to confidentiality obligations in favor of such Loan Party or such Affiliate) and acknowledge that
the Administrative Agent shall be under no obligation to provide such information to them. With
respect to its Term Loans, Royal Bank of Canada shall have the same rights and powers under this
Agreement as any other Lender and may exercise such rights and powers as though it were not the
Administrative Agent, Collateral Agent, and the terms “Lender” and “Lenders” include Royal Bank of
Canada in its individual capacity.



     9.10 Successor Administrative Agent and Collateral Agent.



     (a) The Administrative Agent may resign as Administrative Agent and Collateral Agent upon 30
days’ notice to the Lenders with a copy of such notice to the Borrower. If the Administrative
Agent resigns under this Agreement, the Required Lenders shall appoint from among the Lenders a
successor administrative agent and collateral agent for the Lenders which successor administrative
agent shall be consented to by the Borrower at all times other than during the existence of an
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(which consent of the Borrower shall not be unreasonably withheld, conditioned or
delayed). If no successor administrative agent is appointed prior to the effective date of the
resignation of the Administrative Agent, the Administrative Agent may appoint, after consulting
with the Lenders and the Borrower, a successor administrative agent from among the Lenders who
shall also succeed to the role of successor collateral agent. Upon the acceptance of its
appointment as successor administrative agent hereunder, such successor administrative agent shall
succeed to all the rights, powers and duties of the retiring Administrative Agent and the term
“Administrative Agent” shall mean such successor administrative agent and the retiring
Administrative Agent’s appointment, powers and duties as Administrative Agent shall be terminated.
After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the
provisions of this Article IX and Sections 10.04 and 10.13 shall inure to its benefit as to any
actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement.
If no successor administrative agent has accepted appointment as Administrative Agent by the date
which is 30 days following a retiring Administrative Agent’s notice of resignation, the retiring
Administrative Agent’s resignation shall nevertheless thereupon become effective and the Lenders
shall perform all of the duties of the Administrative Agent and Collateral Agent hereunder until
such time, if any, as the Required Lenders appoint a successor agent as provided for above.



     (b) The Collateral Agent may resign as Collateral Agent upon 30 days’ notice to the
Administrative Agent with a copy of such notice to the Borrower. If the Collateral Agent resigns
under this Agreement, the Administrative Agent shall designate a successor collateral agent. Upon
the acceptance of its appointment as successor collateral agent hereunder, such successor
collateral agent

shall succeed to all the rights, powers and duties of the retiring Collateral Agent and the term
“Collateral Agent” shall mean such successor collateral agent and the retiring Collateral Agent’s
appointment, powers and duties as Collateral Agent shall be terminated. After any retiring
Collateral Agent’s resignation hereunder as Collateral Agent, the provisions of this Article IX and
Sections 10.04 and 10.13 shall inure to its benefit as to any actions taken or omitted to be taken
by it while it was Collateral Agent under this Agreement.



     9.11 Other Agents; Arrangers. None of the Lenders or other Persons identified on the facing page
or signature pages of this Agreement as a “syndication agent,” as a “documentation agent,” any
other type of agent (other than the Administrative Agent and Collateral Agent), “arranger,” or
“bookrunner” shall have any right, power, obligation, liability, responsibility or duty under this
Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none
of the Lenders so identified shall have or be deemed to have any fiduciary relationship with any
Lender. Each Lender acknowledges that it has not relied, and will not rely, on any of the Lenders
so identified in deciding to enter into this Agreement or in taking or not taking action hereunder.



     9.12 Administrative Agent May File Proofs of Claim. In case of the pendency of any
receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to any Loan Party, the Administrative Agent
(irrespective of whether the Term Loan Principal Debt shall then be due and payable as herein
expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall
have made any demand on the Borrower) shall be entitled and empowered, by intervention in such
proceeding or otherwise



     (i) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Term Loans and all other Obligations that are owing and unpaid and to file
such other documents as may be necessary or advisable in order to have the claims of the Lenders
and the Administrative Agent (including any claim for the reasonable compensation, expenses,
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advances of the Lenders and the Administrative Agent and their respective agents
and counsel and all other amounts due the Lenders and the Administrative Agent under Sections
2.08, 10.04 and 10.05) allowed in such judicial proceeding; and



     (ii) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same;


and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender to make such payments to the
Administrative Agent and, in the event that the Administrative Agent shall consent to the making of
such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the
reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its
agents and counsel, and any other amounts due the Administrative Agent under Sections 2.08, 10.04
and 10.05.




     Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or
consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement,
adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the
Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.



     9.13 Hedging Agreements. To the extent any Affiliate of a Lender is a party to a Swap Contract
with the Borrower or any Loan Party and thereby becomes a beneficiary of the Liens pursuant to the
Collateral Document, such Affiliate of a Lender shall be deemed to appoint the Administrative Agent
and Collateral Agent its nominee and agent to act for and on behalf of such Affiliate in connection
with the Collateral Documents and to be bound by the terms of this Article IX, Section 10.01(e) and
the last sentence of Section 2.13.



ARTICLE X.

MISCELLANEOUS




     10.01 Amendments, Release of Collateral, Etc. (a) No amendment or waiver of any provision of this
Agreement or any other Loan Document, and no consent to any departure by the Borrower or any other
Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the
Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative
Agent, and each such waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given; provided, however, that no such amendment, waiver or consent
shall, unless in writing and signed by each of the Lenders directly affected thereby and by the
Borrower (in the case of the Borrower, only if no Event of Default has occurred and is continuing),
and acknowledged by the Administrative Agent, do any of the following:




     (i) extend or increase the Term Loan Commitment of any Lender (or reinstate any Term
Loan Commitment terminated pursuant to Section 8.02);




     (ii) extend the Maturity Date or extend, postpone or delay any date fixed by this
Agreement or any other Loan Document for any payment or mandatory prepayment of principal,
interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any
other Loan Document;




     (iii) reduce the principal of, or the rate of interest specified herein on, any Term
Loan or (subject to clause (ii) of the proviso below) any fees or other amounts payable
hereunder or



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under any other Loan Document; provided, however, that only the consent of the
Required Lenders shall be necessary to (A) amend the definition of “Default Rate” or to
waive any obligation of the Borrower to pay interest at the Default Rate or (B) to amend any
financial covenant hereunder (or any defined term used therein) even if the effect of such
amendment would be to reduce the rate of interest on any Term Loan or to reduce any fee
payable hereunder;




     (iv) change the amount of the Aggregate Term Loan Commitment or of the aggregate unpaid
Term Loan Principal Debt which is set forth in the definition of “Required Lenders”;




     (v) change the Pro Rata Share of any Lender;




     (vi) release a material amount of Collateral or release any Guarantor from a Guaranty
(except in connection with a Disposition permitted under Section 7.07 or as otherwise
permitted under this Section 10.01); or




     (vii) amend this Section, or Section 2.04(b) or 2.12, or any provision herein providing
for unanimous consent or other action by all the Lenders;


and, provided further: (i) no amendment, waiver or consent shall, unless in writing and signed by
the Administrative Agent in addition to the Required Lenders or all the Lenders, as the case may
be, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan
Document; and (ii) the Agent/Arranger Fee Letter may be amended, or rights or privileges thereunder
waived, in a writing executed only by the parties thereto.




     (b) Any amendment to any Loan Document which purports to (i) decrease the amount of any
mandatory prepayment or (ii) change this Section 10.01(b), must be by an instrument in writing
executed by Borrower, the Administrative Agent, and the Required Lenders.



     (c) Upon any sale, transfer, or Disposition of Collateral which is permitted pursuant to the
Loan Documents, and upon 5 Business Days’ prior written request by the Borrower (which request must
be accompanied by (i) true and correct copies of all material documents of transfer or Disposition,
including any contract of sale, (ii) a preliminary closing statement and instructions to the title
company, if any, (iii) all requested release instruments in form and substance satisfactory to the
Administrative Agent and (iv) if required, written consent of the requisite Lenders), the
Administrative Agent and/or Collateral Agent shall (and is hereby irrevocably authorized by the
Lenders to) execute such documents as may be necessary to evidence the release of Liens granted to
the Administrative Agent and/or Collateral Agent for the benefit of the Secured Parties pursuant
hereto in such Collateral. Neither the Administrative Agent nor the Collateral Agent shall be
required to execute any release instruments on terms which, in the Administrative Agent’s (or
Collateral Agent’s) opinion, would expose the Administrative Agent or Collateral Agent to liability
or create any obligation or entail any consequence other than the release of Liens without recourse
or warranty. No such release shall impair the Administrative Agent’s and/or Collateral Agent’s
Lien on the proceeds of sale of such Collateral.



     (d) If all outstanding Term Loans and other Obligations (other than contingent indemnity
obligations) have been indefeasibly paid in full, and, subject to Section 10.01(e) all Lender
Hedging Agreement have terminated, the Administrative Agent agrees to, and the Lenders hereby
instruct the Administrative Agent and Collateral Agent to, at the Borrower’s expense, execute and
authorize such releases of the Collateral Documents as the Borrower shall reasonably request and
this Agreement shall be deemed terminated except that such termination shall not relieve the
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make any payments to the Administrative Agent or any Lender required
by any Loan Document to the extent accruing, or relating to an event occurring, prior to such
termination.



     (e) Notwithstanding any provision herein to the contrary, if the Term Loan Commitments have
been terminated, and the only outstanding Obligations are amounts owed pursuant to one or more
Lender Hedging Agreements, the Administrative Agent and/or Collateral Agent will, and is hereby
authorized to, (A) release the Liens created under the Loan Documents and (B) release all
Guaranties of the Guarantors; provided, that contemporaneously with such release, (i) the Borrower
(and, if applicable, any Loan Party that is a party to such Lender Hedging Agreements) (A) executes
a margin agreement in form and substance acceptable to such Lender(s) (or its Affiliates) that are
parties to such Lender Hedging Agreements (the “Lender Counterparties”) and (B), if required,
provides collateral in the form of cash or a letter of credit having an aggregate value acceptable
to such Lender Counterparties, and (ii) if such Lender Hedging Agreement is executed by a Loan
Party and the Borrower is not party thereto, the Borrower executes a guaranty covering such Loan
Party’s obligations thereunder, such guaranty to be in form and substance satisfactory to the
Lender Counterparties. Any release under this Section 10.01(e) must be in writing and signed by
the Administrative Agent.



     10.02 Notices and Other Communications; Facsimile Copies.



     (a) General. Unless otherwise expressly provided herein, all notices and other
communications provided for hereunder and under the other Loan Documents shall be in writing
(including by facsimile transmission) and mailed, faxed or delivered, to the address, facsimile
number or (subject to subsection (c) below) electronic mail address specified for notices on
Schedule 10.02 (for the Borrower, any Guarantor and the Administrative Agent) or on the
Administrative Details Form (for the other Lenders); or, in the case of the Borrower, the
Guarantors, the Administrative Agent, to such other address as shall be designated by such party in
a notice to the other parties, and in the case of any other party, to such other address as shall
be designated by such party in a notice to the Borrower and the Administrative Agent. All such
notices and other communications shall be deemed to be given or made upon the earlier to occur of
(i) actual receipt by the intended recipient and (ii) (A) if delivered by hand or by courier, when
signed for by the intended recipient; (B) if delivered by mail, four Business Days after deposit in
the mails, postage prepaid; (C) if delivered by facsimile, when sent and receipt has been confirmed
by telephone; and (D) if delivered by electronic mail (which form of delivery is subject to the
provisions of subsection (c) below), when delivered; provided, however, that notices and other
communications to the Administrative Agent pursuant to Article II shall not be effective until
actually received by such Person. Any notice or other communication permitted to be given, made or
confirmed by telephone hereunder shall be given, made or confirmed by means of a telephone call to
the intended recipient at the number specified in accordance with this Section, it being understood
and agreed that a voicemail message shall in no event be effective as a notice, communication or
confirmation hereunder.



     (b) Effectiveness of Facsimile Documents and Signatures. Loan Documents may be
transmitted and/or signed by facsimile. The effectiveness of any such documents and signatures
shall, subject to applicable Law, have the same force and effect as manually-signed originals and
shall be binding on all Loan Parties, the Administrative Agent and the Lenders. The Administrative
Agent may also require that any such documents and signatures be confirmed by a manually-signed
original thereof; provided, however, that the failure to request or deliver the same shall not
limit the effectiveness of any facsimile document or signature.



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     (c) Limited Use of Electronic Mail. Electronic mail and internet and intranet
websites may be used only to distribute routine communications, such as financial statements and
other information, and to distribute Loan Documents for execution by the parties thereto, and shall
not be recognized hereunder for any other purpose.



     (d) Reliance by Administrative Agent and Lenders. The Administrative Agent and the
Lenders shall be entitled to rely and act upon any notices (including telephonic Borrowing Notices)
purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a
manner specified herein, were incomplete or were not preceded or followed by any other form of
notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any
confirmation thereof. The Borrower shall indemnify each Agent-Related Person and each Lender from
all losses, costs, expenses and liabilities resulting from the reliance by such Person on each
notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other
communications with the Administrative Agent may be recorded by the Administrative Agent, and each
of the parties hereto hereby consents to such recording.



     10.03 No Waiver; Cumulative Remedies. No failure by any Lender or the Administrative Agent to
exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege
hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right,
remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise
of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein
or therein provided are cumulative and not exclusive of any rights, remedies, powers and privileges
provided by law.



     10.04 Attorney Costs; Expenses and Taxes. The Borrower agrees (a) to pay or reimburse the
Administrative Agent and Arranger for all reasonable costs and expenses incurred in connection with
the development, preparation, negotiation, syndication, administration and execution of this
Agreement and the other Loan Documents, including the filing, recording, refiling or rerecording of
any mortgage, any pledge agreement and any Security Agreement and/or any Uniform Commercial Code
financing statements relating thereto and all amendments, supplements and modifications to any
thereof and any and all other documents or instruments of further assurance required to be filed or
recorded or refiled or rerecorded by the terms hereof or of any mortgage, any pledge agreement or
any security agreement, and any amendment, waiver, consent or other modification of the provisions
hereof and thereof (whether or not the transactions contemplated hereby or thereby are
consummated), and the consummation and administration of the transactions contemplated hereby and
thereby, including all Attorney Costs and reasonable costs and expenses in connection with the use
of Intralinks, Inc. or other similar information transmission systems in connection with this
Agreement, and (b) to pay or reimburse the Administrative Agent and each Lender for all costs and
expenses incurred in connection with the enforcement, attempted enforcement, or preservation of any
rights or remedies under this Agreement or the other Loan Documents (including all such costs and
expenses incurred during any workout or restructuring in respect of the Obligations and during any
legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney
Costs. The foregoing costs and expenses shall include all search, filing, recording, title
insurance and appraisal charges and fees and taxes related thereto, and other out-of-pocket
expenses incurred by the Administrative Agent and the cost of independent public accountants and
other outside experts retained by the Administrative Agent or any Lender. The agreements in this
Section shall survive the termination of the Aggregate Term Loan Commitment and repayment of all
the other Obligations.



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     10.05 Indemnification. Whether or not the transactions contemplated hereby are consummated, each
of the Borrower and each Guarantor (by execution of a Guaranty), jointly and severally, agrees to
indemnify, save and hold harmless each Agent-Related Person, the Administrative Agent, the
Collateral Agent, the Arranger, each Lender and their respective Affiliates, directors, officers,
employees, counsel, agents and attorneys-in-fact (collectively the “Indemnitees”) from and against:
(a) any and all claims, demands, actions or causes of action that are asserted against any
Indemnitee by any Person (other than the Administrative Agent or any Lender) relating directly or
indirectly to a claim, demand, action or cause of action that such Person asserts or may assert
against any Loan Party, any Affiliate of any Loan Party or any of their respective officers or
directors, arising out of or relating to, the Loan Documents, the Aggregate Term Loan Commitment,
the use or contemplated use of the proceeds of any Term Loans, or the relationship of any Loan
Party, the Administrative Agent, the Collateral Agent, the Lenders under this Agreement or any
other Loan Document; (b) any and all claims, demands, actions or causes of action that may at any
time (including at any time following repayment of the Obligations and the resignation of the
Administrative

Agent or the replacement of any Lender) be asserted or imposed against any Indemnitee by any Person
or by the Borrower or any other Loan Party, arising out of or relating to, the Loan Documents, the
Term Loan Commitments, the use or contemplated use of the proceeds of any Term Loans, or the
relationship of any Loan Party, the Administrative Agent, the Collateral Agent, the Lenders under
this Agreement or any other Loan Document; (c) without limiting the foregoing, any and all claims,
demands, actions or causes of action, judgments and orders, penalties and fines that are asserted
or imposed against any Indemnitee, (i) under the application of any Environmental Law applicable to
the Borrower or any of its Subsidiaries or any of their properties or assets, including the
treatment or disposal of Hazardous Substances on any of their properties or assets, (ii) as a
result of the breach or non-compliance by the Borrower or any of the QRC Subsidiaries with any
Environmental Law applicable to the Borrower or any of the QRC Subsidiaries, (iii) due to past
ownership by the Borrower or any of the QRC Subsidiaries of any of their properties or assets or
past activity on any of their properties or assets which, though lawful and fully permissible at
the time, could result in present liability, (iv) due to the presence, use, storage, treatment or
disposal of Hazardous Substances on or under, or the escape, seepage, leakage, spillage, discharge,
emission or Release from, any of the properties owned or operated by the Borrower or any of its
Subsidiaries (including any liability asserted or arising under any Environmental Law), regardless
of whether caused by, or within the control of, the Borrower or any of its Subsidiaries, or (v) due
to any other environmental, health or safety condition in connection with the Loan Documents; (d)
any administrative or investigative proceeding by any Governmental Authority arising out of or
related to a claim, demand, action or cause of action described in subsection (a), (b) or (c)
above; and (e) any and all liabilities (including liabilities under indemnities), losses, costs,
damages or expenses (including Attorney Costs and settlement costs) that any Indemnitee suffers or
incurs as a result of the assertion of any foregoing claim, demand, action, cause of action or
proceeding, or as a result of the preparation of any defense in connection with any foregoing
claim, demand, action, cause of action or proceeding, in all cases, WHETHER OR NOT ARISING OUT OF
THE STRICT LIABILITY OR NEGLIGENCE OF AN INDEMNITEE, and whether or not an Indemnitee is a party to
such claim, demand, action, cause of action or proceeding (all the foregoing, collectively, the
“Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitees, be
available to the extent that such liabilities, obligations, losses, damages, penalties, claims,
demands, actions, judgments, suits, costs, expenses or disbursements 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. The agreements in this Section shall survive
and continue for the benefit of the Indemnitees at all times after the Borrower’s acceptance of the
Lenders’ Term Loan Commitments under this Agreement, whether or not the Restatement Date shall
occur and shall survive the termination of the Term Loan Commitments and repayment of all the other
Obligations.



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     10.06 Payments Set Aside. To the extent that the Borrower makes a payment to the Administrative
Agent or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and
such payment or the proceeds of such set-off or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any
settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid
to a trustee, receiver or any other party, in connection with any proceeding under any Debtor
Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof
originally intended to be satisfied shall be revived and continued in full force and effect as if
such payment had not been made or such setoff had not occurred, and (b) each Lender severally
agrees to pay to the Administrative Agent upon demand its applicable share of any amount so
recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such
demand

to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to
time in effect.



     10.07 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 each Lender and no Lender may assign or otherwise transfer any of its
rights or obligations hereunder except (i) to an Eligible 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 Eligible Assignees all or a portion of
its rights and obligations under this Agreement (including all or a portion of its Term Loan
Commitment and the Term Loans at the time owing to it):



     except in the case of an assignment of the entire remaining amount of the assigning Lender’s
Term Loan Commitment and the Term Loans at the time owing to it or in the case of an assignment to
a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate
amount of the outstanding Term Loan Principal Debt of the assigning Lender subject to each such
assignment (determined as of the date the Assignment and Assumption with respect to such assignment
is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and
Assumption, 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 (Borrower’s consent not to be unreasonably withheld, conditioned or
delayed);




     (i) 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
Term Loan Commitment assigned;



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     (ii) any assignment of a Term Loan Commitment must be approved by the Administrative
Agent unless the Person that is the proposed assignee is itself a Lender (whether or not the
proposed assignee would otherwise qualify as an Eligible Assignee); and




     (iii) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee of
$3,500, and the Eligible Assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an Administrative Details Form.




Subject to acceptance and recording thereof by the Administrative Agent pursuant to
paragraph (c) of this Section, from and after the effective date specified in each
Assignment and

Assumption, the Eligible Assignee thereunder shall be a party to this Agreement and, to the
extent of the interest assigned by such Assignment and Assumption, have the rights and
obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to
the extent of the interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and Assumption covering
all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall
cease to be a party hereto) but shall continue to be entitled to the benefits of Sections
3.07, 10.04 and 10.05 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.



     (c) The Administrative Agent, acting solely for this purpose as an agent of the Borrower,
shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a
register for the recordation of the names and addresses of the Lenders, and the Term Loan
Commitment of, and principal amounts of the Term Loans owing to, each Lender pursuant to the terms
hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent
manifest error, and the Borrower, the Administrative Agent and the Lenders may treat each Person
whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all
purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be
available for inspection by the Borrower and any Lender, at any reasonable time and from time to
time upon reasonable prior notice.



     (d) Any Lender may at any time, without the consent of, or notice to, the Borrower or the
Administrative Agent, sell participations to any Person (other than a natural person or 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 Term Loan Commitment and/or the Term 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 and the other Lenders shall continue to deal solely and directly
with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any
agreement or instrument pursuant to which a Lender sells such a participation shall provide that
such Lender shall retain the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of any provision of this Agreement; provided that such agreement or
instrument may provide that such Lender will not, without the consent of the Participant, agree to
any amendment, modification or waiver that would (i) postpone any date upon which any payment of
money is scheduled to be paid to such Participant, (ii) reduce the principal, interest,



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fees or
other amounts payable to such Participant, or (iii) release any Guarantor from its Guaranty.
Subject to subsection (e) of this Section, the Borrower agrees that each Participant shall be
entitled to the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender
and had acquired its interest by assignment pursuant to subsection (b) of this Section; provided
said Participant agrees to be subject to Sections 3.08 and 10.15 as though it were a Lender. To
the extent permitted by Law, each Participant also shall be entitled to the benefits of Section
10.09 as though it were a Lender; provided such Participant agrees to be subject to Section 2.12 as
though it were a Lender.



     (e) A Participant shall not be entitled to receive any greater payment under Section 3.01 or
3.04 than the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to such Participant is
made with the Borrower’s

prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall
not be entitled to the benefits of Section 3.01 unless the Borrower is notified of the
participation sold to such Participant and such Participant agrees, for the benefit of the
Borrower, to comply with Section 3.01 as though it were a Lender.



     (f) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement (including under its Term Notes, if any) to secure obligations of
such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank;
provided that no such pledge or assignment shall release a Lender from any of its obligations
hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.



     (g) If the consent of the Borrower to an assignment or to an Eligible Assignee is required
hereunder (including a consent to an assignment which does not meet the minimum assignment
threshold specified in clause (i) of the proviso to the first sentence of Section 10.07(b)), the
Borrower shall be deemed to have given its consent five Business Days after the date notice thereof
has been delivered by the assigning Lender (through the Administrative Agent) unless such consent
is expressly refused by the Borrower prior to such fifth Business Day.



     10.08 Confidentiality. Each Lender agrees that it will not disclose without the prior consent of
the Borrower (other than to directors, officers, employees, auditors, accountants, counsel or other
professional advisors of the Administrative Agent or any Lender) any information with respect to
the Borrower or any of the QRC Subsidiaries, which is furnished pursuant to this Agreement;
provided that any Lender may disclose any such information (a) as has become generally available to
the public, (b) as may be required or appropriate in any report, statement or testimony submitted
to or required by any municipal, state or federal regulatory body having or claiming to have
jurisdiction over such Lender or submitted to or required by the Board or the Federal Deposit
Insurance Corporation or similar organizations (whether in the United States or elsewhere) or their
successors, (c) as may be required or appropriate in response to any summons or subpoena in
connection with any litigation, (d) in order to comply with any law, order, regulation or ruling
applicable to such Lender, (e) to any Eligible Assignee of or Participant in, or any prospective
Eligible Assignee of or Participant in, any of its rights or obligations under this Agreement;
provided that such Eligible Assignee or Participant or prospective Eligible Assignee or Participant
executes an agreement containing provisions substantially similar to those contained in this
Section 10.08, (f) in connection with the exercise of any remedy by such Lender if an Event of
Default pertaining to the Loan Documents has occurred and is continuing, (g) in connection with any
litigation involving such Lender pertaining to the Loan Documents, (h) to any Lender or the
Administrative Agent, or (i) to any Affiliate of any Lender (it being understood that the Persons
to whom



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such disclosure is made will be informed of the confidential nature of such information and
obligated to keep such information confidential).



     10.09 Set-off. In addition to any rights and remedies of the Lenders provided by Law, upon the
occurrence and during the continuance of any Event of Default, each Lender is authorized at any
time and from time to time, without prior notice to the Borrower or any other Loan Party, any such
notice being waived by the Borrower (on its own behalf and on behalf of each Loan Party) 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 by, and other indebtedness at any time owing
by, such Lender to or for the credit or the account of the respective Loan Parties against any and
all Obligations owing to the Administrative Agent and the

Lenders, now or hereafter existing, irrespective of whether or not the Administrative Agent or such
Lender shall have made demand under this Agreement or any other Loan Document and although such
Obligations may be contingent or unmatured. Each Lender agrees promptly to notify the Borrower and
the Administrative Agent after any such set-off and application made by such Lender; provided,
however, that the failure to give such notice shall not affect the validity of such set-off and
application.



     10.10 Interest Rate Limitation. Regardless of any provision contained in any Loan Document,
neither the Administrative Agent nor any Lender shall ever be entitled to contract for, charge,
take, reserve, receive, or apply, as interest on all or any part of the Obligations, any amount in
excess of the Maximum Rate, and, if any Lender ever does so, then such excess shall be deemed a
partial prepayment of principal and treated hereunder as such and any remaining excess shall be
refunded to the Borrower. In determining if the interest paid or payable exceeds the Maximum
Rate, the Borrower and the Lenders shall, to the maximum extent permitted under applicable Law, (a)
treat all Borrowings as but a single extension of credit (and the Lenders and the Borrower agree
that such is the case and that provision herein for multiple Borrowings is for convenience only),
(b) characterize any nonprincipal payment as an expense, fee, or premium rather than as interest,
(c) exclude voluntary prepayments and the effects thereof, and (d) amortize, prorate, allocate, and
spread the total amount of interest throughout the entire contemplated term of the Obligations.
However, if the Obligations are paid and performed in full prior to the end of the full
contemplated term thereof, and if the interest received for the actual period of existence thereof
exceeds the Maximum Amount, the Lenders shall refund such excess, and, in such event, the Lenders
shall not, to the extent permitted by Law, be subject to any penalties provided by any Laws for
contracting for, charging, taking, reserving or receiving interest in excess of the Maximum Amount.



     10.11 Counterparts. This Agreement may be executed in one or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same
instrument.



     10.12 Integration. This Agreement, together with the other Loan Documents, comprises the complete
and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all
prior agreements, written or oral, on such subject matter. In the event of any conflict between
the provisions of this Agreement and those of any other Loan Document, the provisions of this
Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor of
the Administrative Agent or the Lenders in any other Loan Document shall not be deemed a conflict
with this Agreement. Each Loan Document was drafted with the joint participation of the respective
parties thereto and shall be construed neither against nor in favor of any party, but rather in
accordance with the fair meaning thereof.



Quest Resource

Credit Agreement




70









 





     10.13 Survival of Representations and Warranties. All representations and warranties made
hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or
in connection herewith or therewith shall survive the execution and delivery hereof and thereof.
Such representations and warranties have been or will be relied upon by the Administrative Agent
and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or
on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice
or knowledge of any Default or Event of Default at the time of any Borrowing, and shall continue in
full force and effect as long as any Obligation shall remain unpaid or unsatisfied.



     10.14 Severability. Any provision of this Agreement and the other Loan Documents to which the
Borrower is a party that is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions thereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.



     10.15 Replacement of Lenders. If (i) any Lender fails or refuses to consent to any requested
amendment or waiver pursuant to Section 10.01, (ii) any Lender requests compensation under Section
3.04, 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 3.01, (iii) any Lender is in breach of
any of its obligations under this Agreement or (iv) if any other circumstance exists hereunder that
gives the Borrower the right to replace a Lender as a party hereto, 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
contained in, and consents required by, Section 10.07), all of its interests, rights and
obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall
assume such obligations (which assignee may be another Lender, if a Lender accepts such
assignment); provided that:



     (a) the Borrower shall have paid to the Administrative Agent the assignment fee specified in
Section 10.07(b)(iii);



     (b) such Lender shall have received payment of an amount equal to the outstanding principal of
its Term Loans accrued interest thereon, accrued fees and all other amounts payable to it hereunder
and under the other Loan Documents (including any amounts under Section 3.05) from the assignee (to
the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the
case of all other amounts) such payment being at par, with no premium or discount;



     (c) in the case of any such assignment resulting from a claim for compensation under Section
3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a
reduction in such compensation or payments thereafter; and



     (d) such assignment does not conflict with applicable Laws.



     A Lender shall not be required to make any such assignment or delegation if, prior thereto, as
a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to
require such assignment and delegation cease to apply.



     10.16 Governing Law.



Quest Resource

Credit Agreement




71









 





     (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE;
PROVIDED THAT THE ADMINISTRATIVE AGENT AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING
UNDER UNITED STATES FEDERAL LAW.



     (b) THE BORROWER AND EACH OTHER PARTY HERETO, AND EACH GUARANTOR, BY EXECUTION OF A GUARANTY,
AGREES TO THIS SECTION 10.16(b). ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR
ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN THE
BOROUGH OF NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK AND APPELLATE
COURTS FROM ANY THEREOF, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER, THE
ADMINISTRATIVE AGENT AND EACH LENDER CONSENTS, AND BY EXECUTION OF A GUARANTY, EACH GUARANTOR
CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE
COURTS. THE BORROWER, EACH GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH LENDER (1) IRREVOCABLY
WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF
FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR
PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO,
AND (2) IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN
ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY CERTIFIED MAIL, RETURN RECEIPT
REQUESTED, POSTAGE PREPAID, AT ITS ADDRESS FOR NOTICES DESIGNATED HEREIN. THE BORROWER, EACH
GUARANTOR, THE ADMINISTRATIVE AGENT AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS,
COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH
STATE.



     10.17 Waiver of Right to Trial by Jury, Etc. EACH PARTY TO THIS AGREEMENT AND EACH GUARANTOR, BY
EXECUTION OF A GUARANTY, HEREBY (a) EXPRESSLY AND IRREVOCABLY WAIVES ANY RIGHT TO TRIAL BY JURY OF
ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY
CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES TO THE LOAN DOCUMENTS OR ANY
OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE
WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE;
AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION
SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN
ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF
EACH PARTY TO THIS AGREEMENT AND EACH GUARANTOR TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY; AND
(b) EXPRESSLY AND IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY
HAVE TO CLAIM OR RECOVER IN ANY SUCH ACTION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL
DAMAGES, OR DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES; PROVIDED THAT THE WAIVER
CONTAINED IN THIS SECTION 10.17(b) SHALL



Quest Resource

Credit Agreement




72









 







NOT APPLY TO THE EXTENT THAT THE PARTY AGAINST WHOM
DAMAGES ARE SOUGHT HAS ENGAGED IN GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.



     10.18 Time of the Essence. Time is of the essence of the Loan Documents.



     10.19 ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL
AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR
SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES.



     10.20 No Novations, Etc. Nothing contained herein shall be deemed a novation of or a
repayment or new advance of any obligation of the Borrower hereunder. To the extent of
$35,000,000, the Indebtedness owing under the Original Credit Agreement is renewed, rearranged,
extended and carried forward by this Agreement and all of the liens and security interests securing
the “Obligations” as defined in the Original Credit Agreement are carried forward and secure,
without interruption or loss or priority, the Obligations under this Agreement.



Quest Resource

Credit Agreement




73









 




IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the
date first above written.




	 	 	 	 	 
	 	QUEST RESOURCE CORPORATION,

as Borrower

 	 
	 	By:  	/s/ Jerry D. Cash	 
	 	 	Jerry D. Cash 	 
	 	 	Chief Executive Officer 	 
	 


The undersigned hereby confirm and agree that (i) the Loan Documents (which specifically includes
the Guaranty and Security Agreements executed by the undersigned) in effect on the date hereof to
which they are a party are, and shall continue to be, in full force and effect and are hereby
confirmed and ratified in all respects except that, upon the effectiveness of, and on and after the
date of, this Agreement, all references in such Loan Documents to the “Credit Agreement” and “Note”
shall mean the Original Credit Agreement, as amended and restated by this Agreement, and the Term
Note issued in renewal and replacement of the Revolver Note and (ii) such Loan Documents do, and
shall continue to, secure the payment by the Borrower of its obligations under this Agreement and
the Term Note.




	 	 	 	 	 
	QUEST OIL & GAS, LLC,

a Kansas limited liability company, 
as Guarantor

 	 	 
	By:  	/s/ Jerry D. Cash	 	 
	 	Jerry D. Cash, Chief Executive Officer and President 	 	 
	 	 	 	 
	 
	QUEST ENERGY SERVICE, LLC,

a Kansas limited liability company, 
as Guarantor

 	 	 
	By:  	/s/ Jerry D. Cash	 	 
	 	Jerry D. Cash, Chief Executive Officer and President 	 	 
	 	 	 	 



Quest Resource

Credit Agreement




Signature Page 1









 






	 	 	 	 	 



	 	 	 	 	 
	 	ROYAL BANK OF CANADA,

as Administrative Agent and Collateral Agent

 	 
	 	By:  	/s/ Susan Khokher	 
	 	 	Name:  	Susan Khokher	 
	 	 	Title 	Manager, Agency	 
	 






Quest Resource

Credit Agreement




Signature Page 2









 





	 	 	 	 	 
	 	ROYAL BANK OF CANADA,

as Lender

 	 
	 	By:  	/s/
Jason York 	 
	 	 	Jason York 	 
	 	 	Authorized Signatory 	 



Quest Resource

Credit Agreement




Signature Page 3









 






	 	 	 	 	 



SCHEDULE 2.01




COMMITMENTS




	 	 	 	 	 
	Lender	 	Term Loan Commitment
	Royal Bank of Canada
	 	$	35,000,000.00	 
	TOTAL:
	 	$	35,000,000.00	 






Quest Resource

Credit Agreement




Schedule 1.01









 






SCHEDULE 5.13




SUBSIDIARIES AND EQUITY INVESTMENTS





	•	 	The Borrower owns 100% of the issued and outstanding membership interests in the
following Subsidiaries: (1) Quest Oil & Gas, LLC, a Kansas limited liability company, (2)
Quest Energy Service, LLC, a Kansas limited liability company, (3) Quest Eastern Resource
LLC a Delaware limited liability company (formerly PetroEdge Resources (WV) LLC) and (4)
Quest Mergersub, Inc., a Delaware corporation. The Borrower has no other Subsidiaries or
equity Investments in any other Person (other than the Excluded MLP Entities).





Quest Resource

Credit Agreement




Schedule 5.13









 











SCHEDULE 7.01




EXISTING LIENS




     NONE.



Quest Resource

Credit Agreement




Schedule 7.01









 





SCHEDULE 7.04




INDEBTEDNESS




     NONE.




Quest Resource

Credit Agreement




Schedule 7.04











 





SCHEDULE 7.11




TRANSACTIONS WITH AFFILIATES





	•	 	Management Services Agreement dated as of November 13, 2007 among Quest Energy GP, LLC,
Quest Energy Partners, L.P., and Quest Energy Service, LLC.
	 
	•	 	Contribution, Conveyance and Assumption Agreement, dated as of December 22, 2006, but
effective as of December 1, 2006, among Quest Midstream Partners, L.P., Quest Cherokee,
LLC, Quest Midstream GP, LLC, Quest Resource Corporation, Bluestem Pipeline, LLC, and other
Quest subsidiaries.
	 
	•	 	Amended and Restated Investors’ Rights Agreement, dated as of November 1, 2007, among
Quest Midstream Partners, L.P., Quest Midstream GP, LLC, Quest Resource Corporation and 17
investors.
	 
	•	 	Purchase Agreement, dated as of December 22, 2006, among Quest Midstream Partners, L.P.,
Quest Midstream GP, LLC, Quest Resource Corporation, Alerian Opportunity Partners IV, L.P.,
Swank MLP Convergence Fund, LP, Swank Investment Partners, LP, The Cushing MLP Opportunity
Fund I, LP, The Cushing GP Strategies Fund, LP, Tortoise Capital Resources Corporation,
Huizenga Opportunity Partners, LP and HCM Energy Holdings, LLC.
	 
	•	 	Purchase Agreement, dated as of October 16, 2007, among Quest Midstream Partners, L.P.,
Quest Midstream GP, LLC, Quest Resource Corporation, Alerian Opportunity Partners, IX,
L.P., Bel Air MLP Energy Infrastructure Fund, LP, Tortoise Capital Resources Corporation,
Tortoise Gas and Oil Corporation, Dalea Partners, LP, Hartz Capital MLP, LLC, ZLP Fund,
L.P., KED MME Investment Partners, LP, KED MME Investment Partners, LP, Eagle Income
Appreciation Partners, L.P., Eagle Income Appreciation II, L.P., Citigroup Financial
Products, Inc., and The Northwestern Mutual Life Insurance Company.
	 
	•	 	Second Amended and Restated Agreement of Limited Partnership of Quest Midstream
Partners, L.P., dated as of November 1, 2007, among Quest Midstream GP, LLC, Quest Resource
Corporation, and 19 limited partners, as amended.
	 
	•	 	Amended and Restated Limited Liability Company Agreement of Quest Midstream GP, LLC,
dated as of December 22, 2006, among Quest Resource Corporation, Alerian Opportunity
Partners IV, LP, Swank MLP Convergence Fund, LP, Swank Investment Partners, LP, The Cushing
MLP Opportunity Fund I, LP, and the Cushing GP Strategies Fund, LP.





					
	 	 	 	 	 
	 
	 	 	 	Quest Resource
	 
	 	 	 	Credit Agreement
	 	 	 	 	 
	 
	 	Schedule 7.11	 	 






 









 







	•	 	Limited Liability Company Agreement of Quest Energy GP, LLC, dated as of July 12, 2007,
by Quest Resource Corporation.
	 
	•	 	Amended and Restated Limited Liability Company Agreement of Quest Energy GP, LLC, dated
as of November 15, 2007, by Quest Resource Corporation.
	 
	•	 	Omnibus Agreement, dated as of December 22, 2006, among Quest Resource Corporation,
Quest Midstream GP, LLC, Bluestem Pipeline, LLC and Quest Midstream Partners, L.P.
	 
	•	 	Midstream Services and Gas Dedication Agreement, dated as of December 22, 2006, but
effective as of December 1, 2006, between Quest Resource Corporation and Bluestem Pipeline,
LLC, as amended by Amendment No. 1 to the Midstream Services and Gas Dedication Agreement,
between Quest Resource Corporation and Bluestem Pipeline, LLC.
	 
	•	 	Assignment and Assumption Agreement, dated as of November 15, 2007, among Quest Resource
Corporation, Bluestem Pipeline, LLC and Quest Energy Partners, L.P. (whereby Quest Resource
Corporation will assign the Midstream Services and Gas Dedication Agreement to Quest Energy
Partners, L.P., and Quest Energy Partners, L.P. will assume all of Quest Resource
Corporation’s rights and obligations).
	 
	•	 	Underwriting Agreement, dated as of November 8, 2007, among Quest Energy Partners, L.P.,
Quest Energy GP, LLC, Quest Cherokee, LLC, Quest Resource Corporation, and Wachovia Capital
Markets, LLC.
	 
	•	 	First Amended and Restated Limited Partnership Agreement of Quest Energy Partners, L.P.,
dated as of November 15, 2007, between Quest Energy GP, LLC and Quest Resource Corporation,
as amended.
	 
	•	 	Contribution, Conveyance and Assumption Agreement, dated as of November 15, 2007, among
Quest Resource Corporation, Quest Energy Partners, L.P., Quest Energy GP, LLC, Quest
Cherokee, LLC, Quest Oil & Gas, LLC, and Quest Energy Service, LLC.
	 
	•	 	Omnibus Agreement, dated as of November 15, 2007, among Quest Energy Partners, L.P.,
Quest Energy GP, LLC, and Quest Resource Corporation.
	 
	•	 	Management Services Agreement, dated as of November 15, 2007, among Quest Energy GP,
LLC, Quest Energy Partners, L.P., and Quest Energy Service, LLC.
	 
	•	 	Agreement for Purchase & Sale, dated as of July 11, 2008, among Quest Eastern Resource
LLC, f/k/a PetroEdge Resources (WV), LLC, Quest Resource Corporation and Quest Cherokee,
LLC.





					
	 	 	 	 	 
	 
	 	 	 	Quest Resource
	 
	 	 	 	Credit Agreement
	 	 	 	 	 
	 
	 	Schedule 7.11	 	 






 









 






SCHEDULE 10.02




ADDRESSES FOR NOTICES TO BORROWER,

GUARANTORS AND ADMINISTRATIVE AGENT




ADDRESS FOR NOTICES TO BORROWER

QUEST RESOURCE CORPORATION

210 Park Avenue, Suite 2750

Oklahoma City, Oklahoma 73102

Attn: Chief Executive Officer

Telephone: (405) 600-7704

Facsimile: (405) 600-7722




ADDRESS FOR NOTICES TO GUARANTORS

Quest Energy Services, LLC

210 Park Avenue, Suite 2750

Oklahoma City, Oklahoma 73102

Attn: Chief Executive Officer

Telephone: (405) 600-7704

Facsimile: (405) 600-7722




ADDRESSES FOR ROYAL BANK OF CANADA




Royal Bank of Canada’s Lending Office:

Royal Bank of Canada

New York Branch

One Liberty Plaza, 3rd Floor

New York, New York 10006-1404

Attention: Manager, Loans Administration

Telephone: (212) 428-6332

Facsimile: (212) 428-2372




For matters related to letters of credit:

Attention: Manager, Trade Products

Telephone: (212) 428-6235

Facsimile: (212) 428-3015




in each case with a copy to:

Royal Bank of Canada

2800 Post Oak Boulevard

3900 Williams Tower

Houston, Texas 77056

Attention: Jason York

Telephone: (713) 403-5679

Facsimile: (713) 403-5624

Electronic Mail: Jason.York@rbccm.com




					
	 
	 	 	 	 	Quest Resource

Credit Agreement
	 
	 	 	Schedule 10.2 Page 1	 	 






 









 






Administrative Agent’s Office:

Royal Bank of Canada

Agency Services Group

Royal Bank Plaza

P. O. Box 50, 200 Bay Street

12th Floor, South Tower

Toronto, Ontario M5J 2W7

Attention: Manager Agency

Facsimile: (416) 842-4023




Wiring Instructions:

JPMorgan Chase Bank, New York, New York

ABA 021-000021

For account Royal Bank of Canada, New York

Swift Code: ROYCUS3X

A/C 920-1033363

For further credit to A/C 293-746-4, Transit 1269

Ref: Quest Resource

Attn: Agency Services




					
	 	 	 	 	 
	 	 	 	 	Quest Resource
Credit Agreement
	 	 	 	 	 
	 	 	Schedule 10.2 Page 1	 	 






 









 






EXHIBIT A-1




FORM OF BORROWING NOTICE




Date:                     ,           



To:      Royal Bank of Canada, as Administrative Agent



Ladies and Gentlemen:




     Reference is made to that certain Amended and Restated Credit Agreement, dated as of July 11,
2008 (as amended, restated, extended, supplemented or otherwise modified in writing from time to
time, the “Agreement;” the terms defined therein being used herein as therein defined), among Quest
Resource Corporation, a Nevada corporation (the “Borrower”), Royal Bank of Canada, as
Administrative Agent and Collateral Agent, and the Lenders from time to time party thereto.



     The undersigned hereby requests:



I. FACILITY





	 	1.	 	Status Information for the Facility






	 	(a)	 	Amount of Facility: $35,000,000
	 
	 	(b)	 	Term Loans outstanding prior to the Borrowing
requested herein: $                    






	 	2.	 	Amount of Borrowing: $                    
	 
	 	3.	 	Requested date of Borrowing:                     , 200  ; must be
prior to Maturity Date.
	 
	 	4.	 	Requested Type of Loan and applicable Dollar amount:






	 	(a)	 	Base Rate Loan for $                    
	 
	 	(b)	 	Eurodollar Rate Loan with Interest Period of:





	 	 	 	 	 	 	 
	 

	 	(i)
	 	one month for
	 	$                    
	 

	 	(ii)
	 	two months for
	 	$                    
	 

	 	(iii)
	 	three months for
	 	$                    
	 

	 	(iv)
	 	six months for
	 	$                    







	 	5.	 	Purpose of Term Loan:






      To pay certain indebtedness owing under the
Original Credit Agreement




      To pay fees, costs and expenses owed pursuant
to the Agreement



     The undersigned hereby certifies that the following statements will be true on the date of the
proposed Borrowing(s) after giving effect thereto and to the application of the proceeds therefrom:



Exhibit A-1 Page 1

Form of Borrowing Notice




 









 








          (a) the representations and warranties of the Borrower contained in Article V of the Agreement
are true and correct in all material respects as though made on and as of such date (except such
representations and warranties which expressly refer to an earlier date, which are true and correct
in all material respects as of such earlier date);




          (b) the amount of the requested Borrowing will not exceed the Aggregate Term Loan Commitment;
and




          (c) no Default or Event of Default has occurred and is continuing, or would result from such
proposed Borrowing.




     The Borrowing requested herein complies with Sections 2.01 and 2.03 of the Agreement, as
applicable.



	 	 	 	 	 
	 	QUEST RESOURCE CORPORATION

a Nevada corporation, as Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 



Exhibit A-1 Page 2

Form of Borrowing Notice





 















 





EXHIBIT A-2




FORM OF CONVERSION/CONTINUATION NOTICE




Date:                   
        ,    



TO:      Royal Bank of Canada, as Administrative Agent



Ladies and Gentlemen:




     Reference is made to that certain Amended and Restated Credit Agreement, dated as of July 11,
2008 (as amended, restated, extended, supplemented or otherwise modified in writing from time to
time, the “Agreement;” the terms defined therein being used herein as therein defined), among Quest
Resource Corporation, a Nevada corporation (the “Borrower”), Royal Bank of Canada, as
Administrative Agent and Collateral Agent, and the Lenders from time to time party thereto.



     The undersigned hereby requests:




	I.	 	FACILITY






	 	1.	 	Amount of [conversion] [continuation]: $                    





	 	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Existing rate:
	 	Check applicable blank






	 	 	 	 	 	 	 
	 

	 	(a)
	 	Base Rate
	 	                    
	 
	 	 	 	 	 	 
	 

	 	(b)
	 	Eurodollar Rate Loan with

Interest Period of:	 	 






	 	 	 	 	 	 	 
	 

	 	(i)
	 	one month
	 	                    
	 

	 	(ii)
	 	two months
	 	                    
	 

	 	(iii)
	 	three months
	 	                    
	 

	 	(iv)
	 	six months
	 	                    







	 	3.	 	If a Eurodollar Rate Loan, date of the last day of the Interest
Period for such Loan:                     , 200   .






The Term Loan described above is to be [converted] [continued] as follows:




	 	4.	 	Requested date of [conversion] [continuation]:                     , 200   .
	 
	 	5.	 	Requested Type of Loan and applicable Dollar amount:






	 	(a)	 	Base Rate Loan for $                    
	 
	 	(b)	 	Eurodollar Rate Loan with Interest Period of:





	 	 	 	 	 	 	 
	 

	 	(i)
	 	one month for
	 	$                    
	 

	 	(ii)
	 	two months for
	 	$                    
	 

	 	(iii)
	 	three months for
	 	$                    
	 

	 	(iv)
	 	six months for
	 	$                    






Exhibit A-2 Page 1

Form of Conversion/Continuation Notice




 









 








     The [conversion] [continuation] requested herein complies with Sections 2.01 and 2.03 of the
Agreement, as applicable.



	 	 	 	 	 
	 	QUEST RESOURCE CORPORATION

a Nevada corporation, as Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 



Exhibit A-2 Page 2

Form of Conversion/Continuation Notice




 









 








EXHIBIT A-3




FORM OF REPAYMENT NOTICE




Date:
       
                   ,    



To:      Royal Bank of Canada, as Administrative Agent



Ladies and Gentlemen:





     Reference is made to that certain Amended and Restated Credit Agreement, dated as of July 11,
2008 (as amended, restated, extended, supplemented or otherwise modified in writing from time to
time, the “Agreement;” the terms defined therein being used herein as therein defined), among Quest
Resource Corporation, a Nevada corporation (the “Borrower”), Royal Bank of Canada, as
Administrative Agent and Collateral Agent, and the Lenders from time to time party thereto.



     The undersigned hereby is repaying the Facility as follows:




	I.	 	FACILITY






	 	1.	 	Term Loans outstanding prior to the repayment referred to
herein: $                    
	 
	 	2.	 	Amount of repayment: $                    
	 
	 	3.	 	Date of repayment:                     , 200   .
	 
	 	4.	 	Type of Loan and amount to which repayment applies:






	 	(a)	 	Base Rate Loan for $                    
	 
	 	(b)	 	Eurodollar Rate Loan with Interest Period of:





	 	 	 	 	 	 	 
	 

	 	(i)
	 	one month
	 	$                    
	 

	 	(ii)
	 	two months
	 	$                    
	 

	 	(iii)
	 	three months
	 	$                    
	 

	 	(iv)
	 	six months
	 	$                    







The repayment referred to herein complies with Section 2.04 of the Agreement.



	 	 	 	 	 
	 	QUEST RESOURCE CORPORATION

a Nevada corporation, as Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 



Exhibit A-3 Page 1

Form of Repayment Notice




 









 








EXHIBIT B




FORM OF TERM NOTE




			
	 	 	 
	$35,000,000.00
	 	July 11, 2008






     FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to the order of
         
                    
        (the “Lender”), on the Maturity Date (as defined in the Credit Agreement
referred to below) the principal amount of THIRTY FIVE MILLION AND NO Dollars ($35,000,000), or
such lesser principal amount of Term Loans made by Lender under the Facility (both as defined in
such Credit Agreement) due and payable by the Borrower to the Lender on the Maturity Date under
that certain Amended and Restated Credit Agreement, dated as of even date herewith (as amended,
restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit
Agreement”; the terms defined therein being used herein as therein defined), among the Borrower,
the Lenders from time to time party thereto, and Royal Bank of Canada, as Administrative Agent and
Collateral Agent.



     The Borrower promises to pay scheduled principal payments as specified in Section 2.06 of the
Credit Agreement and interest on the unpaid principal amount of each Term Loan from the date of
such Term Loan until such principal amount is paid in full, at such interest rates, and at such
times as are specified in the Credit Agreement. All payments of principal and interest shall be
made to the Administrative Agent for the account of the Lender in Dollars in immediately available
funds to the account designated by the Administrative Agent in the Credit Agreement. If any amount
is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid upon
demand, from the due date thereof until the date of actual payment (and before as well as after
judgment) computed at the per annum rate set forth in the Credit Agreement.



     This Term Note is one of the Term Notes referred to in the Credit Agreement, is entitled to
the benefits thereof and is subject to optional and mandatory prepayment in whole or in part as
provided therein. This Term Note is also entitled to the benefits of each Subsidiary Guaranty.
Upon the occurrence of one or more of the Events of Default specified in the Credit Agreement, all
amounts then remaining unpaid on this Term Note shall become, or may be declared to be, immediately
due and payable all as provided in the Credit Agreement. Term Loans made by the Lender shall be
evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course
of business. The Lender may also attach schedules to this Term Note and endorse thereon the date,
amount and maturity of its Term Loans and payments with respect thereto.



     This Term Note is a Loan Document and is subject to Section 10.10 of the Credit Agreement,
which is incorporated herein by reference the same as if set forth herein verbatim.



     The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment,
protest and demand and notice of protest, notice of intent to accelerate, notice of acceleration,
demand, dishonor and non-payment of this Term Note.



Exhibit B Page 1

Form of Term Note




 









 








     THIS TERM NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK.



	 	 	 	 	 
	 	QUEST RESOURCE CORPORATION a Nevada
corporation, as Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 



Exhibit B Page 2

Form of Term Note




 














 





EXHIBIT C




FORM OF COMPLIANCE CERTIFICATE

(Pursuant to Section 6.02 of the Agreement)



Financial Statement Date:                     ,       



To: Royal Bank of Canada, as Administrative Agent



Ladies and Gentlemen:




     Reference is made to that certain Amended and Restated Credit Agreement, dated as of July 11,
2008 (as amended, restated, extended, supplemented or otherwise modified in writing from time to
time, the “Agreement;” the terms defined therein being used herein as therein defined), among Quest
Resource Corporation, a Nevada corporation (the “Borrower”), the Lenders from time to time party
thereto, and Royal Bank of Canada, as Administrative Agent and Collateral Agent. Capitalized terms
used herein but not defined herein shall have the meaning set forth in the Agreement.



     The
undersigned Responsible Officer hereby certifies as of the date hereof that he is the
           
                        
            of the Borrower, and that, as such, he is authorized to execute and
deliver this Certificate to the Administrative Agent on the behalf of the Borrower, and that:



     [Use the following for fiscal year-end financial statements]



     Attached hereto as Schedule 1 are the year-end audited consolidated financial statements of
the Borrower and its Subsidiaries required by Section 6.01(a) of the Agreement for the fiscal year
of the Borrower ended as of the above date, together with the report and opinion of an independent
certified public accountant required by such section; and



     [Use the following for fiscal quarter-end financial statements]



     Attached hereto as Schedule 1 are, the unaudited consolidated financial statements of the
Borrower and its Subsidiaries required by Section 6.01(b) of the Agreement for the fiscal quarter
of the Borrower ended as of the above date and the portion of the Borrower’s fiscal year then
ended, together with a certificate of a Responsible Officer of the Borrower stating that such
financial statements fairly present the financial condition, results of operations and cash flows
of the Borrower and its Subsidiaries in accordance with GAAP as at such date and for such period,
subject only to normal year-end audit adjustments and the absence of footnotes.



     [Use the following for both fiscal year-end and quarter-end financial statements]



     1. The undersigned has reviewed and is familiar with the terms of the Agreement and has made,
or has caused to be made under his/her supervision, a detailed review of the transactions and
condition (financial or otherwise) of the Borrower during the accounting period covered by the
attached financial statements.



     2. A review of the activities of the Borrower during such fiscal period has been made under
the supervision of the undersigned with a view to determining whether during such fiscal period the
Borrower performed and observed all its Obligations under the Loan Documents, and no Default or
Event



Exhibit C Page 1

Form of Compliance Certificate




 









 







of Default has occurred and is continuing except as follows (list of each such Default or
Event of Default and include the information required by Section 6.03 of the Credit Agreement):




     3. The covenant analyses and information set forth on Schedule 2 attached hereto are true and
accurate on and as of the date of this Certificate.



     4. As of the date of this Certificate, the Pledged Collateral Market Value is $                     
calculated as follows:



	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Quest Resource Corporation	 	 	 	 	 	QELP	 	QELP	 	QELP	 	 	 	 	 	QMLP	 	QMLP	 	QMLP	 	 
	Borrowing Base Calculation Worksheet	 	# of QELP	 	common unit	 	Market	 	Pledged Collateral	 	# of QELP	 	common unit	 	Market	 	Pledged Collateral	 	 
	As of [insert Financial Statement Date]	 	units	 	market price (a)	 	Value	 	Market Value	 	units	 	market price (b)	 	Value	 	Market value	 	Totals
	 	 	 
	Common Units Collateral
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Common units
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Advance rate
	 	 	 	 	 	 	 	 	 	 	50.00	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	50.00	%	 	 	 	 	 	 	 	 
	Common units Borrowing Base
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Subordinated Units
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Subordinated units
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	20.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	Discount
	 	 	 	 	 	 	15.00	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	15.00	%	 	 	 	 	 	 	 	 	 	 	 	 
	Adjusted price
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Adjusted price
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Advance rate
	 	 	 	 	 	 	 	 	 	 	50.00	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	50.00	%	 	 	 	 	 	 	 	 
	Subordinated units
Borrowing Base
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Available
Borrowing Base (1)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Current Aggregate Revolving Commitment
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	50,000,000	 
	Less: current Loans
outstanding
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Current Balance of
Unborrowed Facility (2)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Available to Advance
[lessor of (1) or (2)]
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 








 




			
	(a)	—	QELP common unit market price as of xxlxxlxxxx, which was the last trading day of the
quarterly period
	 
	(b)	—	QMLP common unit market price is set at $20.00 by Administrative Agent until a public
offering is completed which will set the new common unit market price





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



	 	 	 	 	 
	 	QUEST RESOURCE CORPORATION

a Nevada corporation, as Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 



Exhibit C Page 2

Form of Compliance Certificate





 









 








SCHEDULE 1

To the Compliance Certificate




Exhibit C Page 3

Form of Compliance Certificate





 











 





For the Quarter/Year ended

                                         (“Statement Date”)




SCHEDULE 2

to the Compliance Certificate

($ in 000’s)




	 	 	 	 	 
	I. Section 7.17(a) — Interest Coverage Ratio.
	 	 	 	 
	 
	 	 	 	 
	A. Consolidated Annualized EBITDA (for use for Statement Dates prior to March 31, 2009)
	 	 	 	 
	1. Consolidated EBITDA for the 3-month period ended March 31, 2008 multiplied by 4
(including pro forma adjustments for Material Dispositions and Material Acquisitions):
	 	$	                    	 
	2. Consolidated EBITDA for the 6-month period ended June 30, 2008 multiplied by 2
(including pro forma adjustments for Material Dispositions and Material Acquisitions):
	 	$	                    	 
	3. Consolidated EBITDA for the 9-month period ended September 30, 2008 multiplied by 1.33
(including pro forma adjustments for Material Dispositions and Material Acquisitions):
	 	$	                    	 
	4. Consolidated EBITDA for the 12-month period ended December 31, 2008 (including pro forma
adjustments for Material Dispositions and Material Acquisitions):
	 	$	                    	 
	5. Interest Coverage Ratio: (Line I.C.3) divided by (Line I.A.1, 2, 3 or 4, as appropriate):
	 	____ to 1.0
	6. Is the Interest Coverage Ratio less than 2.5 to 1.0 for periods ending on and after
September 30, 2008?
	 	Yes/No
	 
	 	 	 	 
	B. Consolidated EBITDA measured on a pro forma rolling four consecutive fiscal quarter basis ending on the
Statement Date (“Reference Period”) (see Credit Agreement definition of “Consolidated EBITDA”):
	 	 	 	 
	1. Consolidated EBITDA for Reference Period (prior to pro forma
adjustments for Material Dispositions and Material Acquisitions
pursuant to Section 7.17(c)):
	 	$	                    	 
	2. Pro forma adjustments to EBITDA for Material Dispositions and Material
Acquisitions during the Reference Period (Section 7.17(c)), giving
effect to such Material Dispositions and Material Acquisitions on a
pro forma basis for the Reference Period as if such Material
Dispositions and Material Acquisitions occurred on the first day of
the Reference Period:
	 	$	                    	 
	3. Consolidated EBITDA including pro forma adjustments for Material
Dispositions and Material Acquisitions (Lines I.B.1 +I.B.2):
	 	$	                    	 
	 
	 	 	 	 
	C. Consolidated Interest Charges for the Reference Period (or for
Reference Periods ending prior to March 31, 2009, Consolidated
Annualized Interest Charges)

	 	 	 	 
	1.
Consolidated Interest Charges for the four consecutive fiscal quarters
ending on the Statement Date (or for Reference Periods ending prior to
March 31, 2009, Consolidated Annualized Interest Charges for the
period ending on the Statement Date):
	 	$	                    	 





Exhibit C Page 4

Form of Compliance Certificate


 









 






	 	 	 	 	 
	2. Pro forma adjustment to Consolidated Interest Charges for Material
Dispositions and Material Acquisitions during the four consecutive
fiscal quarters ending on the Statement Date (Section 7.17(c)):
	 	$	                    	 
	3. Consolidated Interest Charges including pro forma adjustments for
Material Dispositions and Material Acquisitions (Lines I.B.1 + I.B.2):
	 	$	                    	 
	 
	 	 	 	 
	D. Interest Coverage Ratio
	 	 	 	 
	1. Consolidated EBITDA adjusted for Material Dispositions and Material
Acquisitions (Line I.B.3):
	 	$	                    	 
	2. Consolidated Interest Charges adjusted for Material Dispositions and
Material Acquisitions (Line I.C.3):
	 	$	                    	 
	3. Imputed interest charges on Synthetic Lease Obligations of the
Borrower and its Subsidiaries (other than the Excluded MLP Entities)
for the Reference Period:
	 	$	                    	 
	4. Interest Coverage Ratio: (Line I.D.1) divided by (Lines I.D.2 + I.D.3):
	 	____ to 1.0
	Is the Interest Coverage Ratio less than 2.5 to 1.0 for periods ending
on and after September 30, 2008?
	 	Yes/No
	 
	 	 	 	 
	II. Section 7.17(b) — Leverage Ratio.
	 	 	 	 
	 
	 	 	 	 
	A. Consolidated Funded Debt
	 	 	 	 
	1. Consolidated Funded Debt on Statement Date (borrowed money
Indebtedness, letter of credit reimbursement obligations, Capital
Leases, Synethetic Leases, Guaranty Obligations)
	 	$	                    	 
	 
	 	 	 	 
	B. Consolidated EBITDA measured on a rolling four consecutive fiscal quarter basis ending on the Statement
Date (“Reference Period”) (see Credit Agreement definition of “Consolidated EBITDA”):
	 	 	 	 
	1. Consolidated EBITDA for the 3-month period ended March 31, 2008
multiplied by 4 (including pro forma adjustments for Material
Dispositions and Material Acquisitions):
	 	$	                    	 
	2. Consolidated EBITDA for the 6-month period ended June 30, 2008
multiplied by 2 (including pro forma adjustments for Material
Dispositions and Material Acquisitions):
	 	$	                    	 
	3. Consolidated EBITDA for the 9-month period ended September 30, 2008
multiplied by 1.33 (including pro forma adjustments for Material
Dispositions and Material Acquisitions):
	 	$	                    	 
	4. Consolidated EBITDA for the 12-month period ended December 31, 2008
(including pro forma adjustments for Material Dispositions and
Material Acquisitions):
	 	$	                    	 
	5. Leverage Ratio: (Line II.A.3) divided by (Line II.B.1, 2, 3
or 4, as appropriate):
	 	___ to 1.0
	6. Is the Leverage Ratio greater than 2.0 to 1.0 for periods ending on
and after September 30, 2008?
	 	Yes/No





 Exhibit C Page 5

Form of Compliance Certificate


 









 






	 	 	 	 	 
	 
	 	 	 	 
	C. Consolidated EBITDA (for use for Statement Dates on and after March 31, 2009)
	 	 	 	 
	1. Consolidated EBITDA (including pro forma adjustments for Material
Dispositions and Material Acquisitions) (Line I.A.3 above)
	 	$	                    	 
	2. Leverage Ratio: (Line II.A.3) divided by (Line II.C.1):
	 	____ to 1.0
	3. Is the Leverage Ratio less than 2.0 to 1.0 for periods ending on and
after September 30, 2008?
	 	Yes/No





 Exhibit C Page 6

Form of Compliance Certificate




 









 






EXHIBIT D




FORM OF ASSIGNMENT AND ASSUMPTION




     This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective
Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”)
and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein
shall have the meanings given to them in the Amended and Restated Credit Agreement identified below
(as may be amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by
the Assignee. The Standard Terms and Conditions set forth in Annex I attached hereto are hereby
agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as
if set forth herein in full.



     For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to
and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the
Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s
rights and obligations in its capacity as a Lender under the Credit Agreement and any other
documents or instruments delivered pursuant thereto to the extent related to the amount and
percentage interest identified below of all of such outstanding rights and obligations of the
Assignor under the respective facilities identified below and (ii) to the extent permitted to be
assigned under applicable law, all claims, suits, causes of action and any other right of the
Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under
or in connection with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan transactions governed thereby or in any way based on or related to any of the
foregoing including, but not limited to, contract claims, tort claims, malpractice claims,
statutory claims and all other claims at law or in equity related to the rights and obligations
sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned
pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned
Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly
provided in this Assignment and Assumption, without representation or warranty by the Assignor.



	 	 	 	 	 
	1.

	 	Assignor:	 	 
	 
	 	 	 	 
	2.

	 	Assignee:	 	 
	 

	 	 	 	[and is an Affiliate/Approved Fund of [identify Lender]
	 
	 	 	 	 
	3.

	 	Borrower(s):
	 	Quest Resource Corporation
	 
	 	 	 	 
	4.

	 	Administrative Agent:
	 	Royal Bank of Canada, as the administrative agent under
the Credit Agreement
	 
	 	 	 	 
	5.

	 	Credit Agreement:
	 	The $35,000,000 Amended and Restated Credit Agreement dated
as of July 11, 2008 among Quest Resource Corporation,
the Lenders parties thereto, and Royal Bank of Canada, as
Administrative Agent.





  Exhibit D Page 1

Form of Assignment and Assumption


 









 





	 	 	 	 	 
	6.

	 	Assigned Interest:	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Aggregate Amount of	 	 	Amount of	 	 	 	 
	 	 	Commitment/Loans for	 	 	Commitment/Loans	 	 	Percentage Assigned of	 
	 	 	all Lenders*	 	 	Assigned*	 	 	Commitment/Loans	 
	Term Loans:
	 	$	 	 	 	$	 	 	 	 	%	 
	Total:
	 	$	 	 	 	$	 	 	 	 	%	 






[7. Trade Date: ________________ ]



Effective
Date: __________________ ,
20___[ TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE
THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]



The terms set forth in this Assignment and Assumption are hereby agreed to:




	 	 	 	 	 
	 	ASSIGNOR 

[NAME OF ASSIGNOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	ASSIGNEE 

[NAME OF ASSIGNEE]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 




 




			
	*	 	Amount to be adjusted by the counterparties to take into account any payments or prepayments made
between the Trade Date and the Effective Date.





	 	 	 	 	 
	Consented to and Accepted:



[NAME OF ADMINISTRATIVE AGENT], as 

Administrative Agent

 	 
	By 	 	 
	 	Title: 	 



[Consented to:]



  Exhibit D Page 2

Form of Assignment and Assumption


 









 








	 	 	 	 	 
	QUEST RESOURCE CORPORATION,

a Nevada corporation

 	 
	By  	 	 
	 	Name:  	 	 
	 	Title:  	 	 


  Exhibit D Page 3

Form of Assignment and Assumption


 









 






	 	 	 	 	 



ANNEX 1

TO ASSIGNMENT AND ASSUMPTION

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION



     1. Representations and Warranties.




          1.1 Assignor. 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 Loan Document, (ii) the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Loan 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 Loan Document or (iv) the performance or observance by the Borrower, any of its
Subsidiaries or Affiliates or any other Person of any of their respective obligations under any
Loan Document.




          1.2. Assignee. 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 6.01 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 Loan Documents,
and (ii) it will perform in accordance with their terms all of the obligations which by the terms
of the Loan Documents are required to be performed by it as a Lender.





     2. Payments. 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.



     3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to
the benefit of, the parties hereto and their respective successors and assigns. This Assignment and



 Exhibit D Page 4

Form of Assignment and Assumption


 









 







Assumption may be executed in any number of counterparts, which together shall constitute one
instrument. Delivery of an executed counterpart of a signature page of this Assignment and
Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this
Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in
accordance with, the law of the State of New York.




 Exhibit D Page 5

Form of Assignment and Assumption