exv10w1







Exhibit 10.1



 

 


J.P.Morgan




LOAN AGREEMENT




Dated as of September 29, 2008




among




LITTELFUSE, INC.,

as Borrower,




JPMORGAN CHASE BANK, N.A.,

as Agent




and




The Other Lenders Party Hereto




BANK OF AMERICA, N.A.,

as Syndication Agent




WELLS FARGO BANK, N.A.,

as Documentation Agent




 





J.P. MORGAN SECURITIES INC.,

as Sole Lead Arranger and Sole Book Runner



 

 


 









 





TABLE OF CONTENTS




	 	 	 	 	 	 	 
	Section	 	 	 	Page	 
	ARTICLE I
	 	DEFINITIONS AND ACCOUNTING TERMS	 	 	1	 
	 
	 	 	 	 	 	 
	1.01
	 	Defined Terms	 	 	1	 
	1.02
	 	Other Interpretive Provisions	 	 	15	 
	1.03
	 	Accounting Terms	 	 	15	 
	1.04
	 	Rounding	 	 	16	 
	1.05
	 	References to Agreements and Laws	 	 	16	 
	 
	 	 	 	 	 	 
	ARTICLE II
	 	THE COMMITMENTS AND CREDIT EXTENSIONS	 	 	16	 
	 
	 	 	 	 	 	 
	2.01
	 	Committed Loans	 	 	16	 
	2.02
	 	Borrowing, Conversions and Continuations of Committed Loans	 	 	17	 
	2.03
	 	Intentionally Omitted	 	 	18	 
	2.04
	 	Intentionally Omitted	 	 	18	 
	2.05
	 	Prepayments	 	 	18	 
	2.06
	 	Intentionally Omitted	 	 	18	 
	2.07
	 	Repayment of Loans	 	 	18	 
	2.08
	 	Interest	 	 	19	 
	2.09
	 	Fees	 	 	19	 
	2.10
	 	Computation of Interest and Fees	 	 	20	 
	2.11
	 	Evidence of Debt	 	 	20	 
	2.12
	 	Payments Generally	 	 	20	 
	2.13
	 	Sharing of Payments	 	 	22	 
	2.14
	 	Incremental Loans	 	 	22	 
	 
	 	 	 	 	 	 
	ARTICLE III
	 	TAXES, YIELD PROTECTION AND ILLEGALITY	 	 	23	 
	 
	 	 	 	 	 	 
	3.01
	 	Taxes	 	 	23	 
	3.02
	 	Illegality	 	 	25	 
	3.03
	 	Inability to Determine Rates	 	 	26	 
	3.04
	 	Increased Costs; Reserves on Eurodollar Rate Loans	 	 	26	 
	3.05
	 	Funding Losses	 	 	28	 
	3.06
	 	Matters Applicable to all Requests for Compensation	 	 	28	 
	3.07
	 	Survival	 	 	28	 
	 
	 	 	 	 	 	 
	ARTICLE IV
	 	CONDITIONS PRECEDENT TO CREDIT EXTENSION	 	 	28	 
	 
	 	 	 	 	 	 
	4.01
	 	Conditions of the Credit Extension	 	 	28	 
	4.02
	 	Conditions to the Credit Extension and Conversions and Continuations	 	 	30	 
	 
	 	 	 	 	 	 
	ARTICLE V
	 	REPRESENTATIONS AND WARRANTIES	 	 	30	 
	 
	 	 	 	 	 	 
	5.01
	 	Existence, Qualification and Power; Compliance with Laws	 	 	30	 
	5.02
	 	Authorization; No Contravention	 	 	31	 
	5.03
	 	Governmental Authorization	 	 	31	 
	5.04
	 	Binding Effect	 	 	31	 
	5.05
	 	Financial Statements; No Material Adverse Effect	 	 	31	 
	5.06
	 	Litigation	 	 	32	 
	5.07
	 	No Default	 	 	32	 
	5.08
	 	Ownership of Property; Liens	 	 	32	 
	5.09
	 	Environmental Compliance	 	 	32	 
	5.10
	 	Insurance	 	 	32	 






-i-









 






TABLE OF CONTENTS

(continued)




	 	 	 	 	 	 	 
	Section	 	 	 	Page	 
	5.11
	 	Taxes	 	 	32	 
	5.12
	 	ERISA Compliance	 	 	33	 
	5.13
	 	Subsidiaries	 	 	33	 
	5.14
	 	Disclosure	 	 	33	 
	5.15
	 	Compliance with Laws	 	 	33	 
	5.16
	 	Margin Regulations; Investment Company Act	 	 	34	 
	5.17
	 	Taxpayer Identification Number; Other Identifying Information	 	 	34	 
	5.18
	 	Intellectual Property; Licenses,
Etc.	 	 	34	 
	5.19
	 	Tax Shelter Regulations	 	 	34	 
	 
	 	 	 	 	 	 
	ARTICLE VI
	 	AFFIRMATIVE COVENANTS	 	 	34	 
	 
	 	 	 	 	 	 
	6.01
	 	Financial Statements	 	 	34	 
	6.02
	 	Certificates; Other Information	 	 	35	 
	6.03
	 	Notices	 	 	37	 
	6.04
	 	Payment of Obligations	 	 	37	 
	6.05
	 	Preservation of Existence, Etc.	 	 	37	 
	6.06
	 	Maintenance of Properties	 	 	37	 
	6.07
	 	Maintenance of Insurance	 	 	38	 
	6.08
	 	Compliance with Laws	 	 	38	 
	6.09
	 	Books and Records	 	 	38	 
	6.10
	 	Inspection Rights	 	 	38	 
	6.11
	 	Use of Proceeds	 	 	38	 
	6.12
	 	Guarantors	 	 	38	 
	 
	 	 	 	 	 	 
	ARTICLE VII
	 	NEGATIVE COVENANTS	 	 	38	 
	 
	 	 	 	 	 	 
	7.01
	 	Liens	 	 	39	 
	7.02
	 	Investments	 	 	39	 
	7.03
	 	Indebtedness	 	 	40	 
	7.04
	 	Fundamental Changes	 	 	41	 
	7.05
	 	Dispositions	 	 	41	 
	7.06
	 	Restricted Payments	 	 	41	 
	7.07
	 	Change in Nature of Business	 	 	42	 
	7.08
	 	Transactions with Affiliates	 	 	42	 
	7.09
	 	Burdensome Agreements	 	 	42	 
	7.10
	 	Margin Regulations	 	 	42	 
	7.11
	 	Capital Expenditures	 	 	42	 
	7.12
	 	Financial Covenants	 	 	43	 
	 
	 	 	 	 	 	 
	ARTICLE VIII
	 	EVENTS OF DEFAULT AND REMEDIES	 	 	43	 
	 
	 	 	 	 	 	 
	8.01
	 	Events of Default	 	 	43	 
	8.02
	 	Remedies Upon Event of Default	 	 	45	 
	8.03
	 	Application of Funds	 	 	45	 
	 
	 	 	 	 	 	 
	ARTICLE IX
	 	AGENT	 	 	46	 
	 
	 	 	 	 	 	 
	9.01
	 	Appointment and Authorization of Agent	 	 	46	 
	9.02
	 	Rights as a Lender	 	 	46	 
	9.03
	 	Exculpatory Provisions	 	 	46	 
	9.04
	 	Reliance by Agent	 	 	47	 






-ii-









 






TABLE OF CONTENTS

(continued)




	 	 	 	 	 	 	 
	Section	 	 	 	Page	 
	9.05
	 	Delegation of Duties	 	 	47	 
	9.06
	 	Resignation of Agent	 	 	47	 
	9.07
	 	Non-Reliance on Agent and Other Lenders	 	 	48	 
	9.08
	 	No Other Duties, Etc.	 	 	48	 
	9.09
	 	Agent May File Proofs of Claim	 	 	48	 
	9.10
	 	Guaranty Matters	 	 	48	 
	 
	 	 	 	 	 	 
	ARTICLE X
	 	MISCELLANEOUS	 	 	49	 
	 
	 	 	 	 	 	 
	10.01
	 	Amendments, Etc.	 	 	49	 
	10.02
	 	Notices; Effectiveness; Electronic Communication	 	 	50	 
	10.03
	 	No Waiver; Cumulative Remedies	 	 	51	 
	10.04
	 	Expenses; Indemnity; Damage Waiver	 	 	52	 
	10.05
	 	Payments Set Aside	 	 	53	 
	10.06
	 	Successors and Assigns	 	 	53	 
	10.07
	 	Treatment of Certain Information; Confidentiality	 	 	57	 
	10.08
	 	Right of Set off	 	 	58	 
	10.09
	 	Interest Rate Limitation	 	 	58	 
	10.10
	 	Counterparts; Integration; Effectiveness	 	 	58	 
	10.11
	 	Survival of Representations and Warranties	 	 	58	 
	10.12
	 	Severability	 	 	59	 
	10.13
	 	Replacement of Lenders	 	 	59	 
	10.14
	 	Governing Law; Jurisdiction; Etc.	 	 	59	 
	10.15
	 	Waiver of Jury Trial	 	 	60	 
	10.16
	 	No Advisory or Fiduciary Responsibility	 	 	60	 
	10.17
	 	USA PATRIOT Act Notice	 	 	61	 
	10.18
	 	Time of the Essence	 	 	61	 
	10.19
	 	Judgment Currency	 	 	61	 
	SIGNATURES
	 	 	 	 	S-1	 






-iii-









 






TABLE OF CONTENTS

(continued)




	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 
	SCHEDULES
	 	 	 	 	 
	2.01
	 	Commitments and Pro Rata Shares	 	-1-	 
	5.06
	 	Litigation	 	-1-	 
	5.09
	 	Environmental Matters	 	-1-	 
	5.13
	 	Subsidiaries	 	-1-	 
	5.18
	 	Intellectual Property Matters	 	-1-	 
	7.01
	 	Existing Liens	 	-1-	 
	7.03
	 	Existing Indebtedness	 	-1-	 
	10.02
	 	Addresses for Notices	 	-1-	 
	 
	 	 	 	 	 
	EXHIBITS
	 	 	 	 	 
	 
	 	 	 	 	 
	 
	 	Form of	 	 	 
	A
	 	Committed Loan Notice	 	A-1	 
	B
	 	Note	 	B-1	 
	C
	 	Compliance Certificate	 	C-1	 
	D
	 	Assignment and Assumption	 	D-1	 
	E
	 	Guaranty	 	E-1	 
	F
	 	Opinion	 	F-1	 







-iv-









 








LOAN AGREEMENT




     This LOAN AGREEMENT (“Agreement”) is entered into as of September 29, 2008, among
LITTELFUSE, INC., a Delaware corporation (“Borrower”), each lender from time to time party
hereto (collectively, the “Lenders” and individually, a “Lender”), and JPMORGAN
CHASE BANK, N.A., as Agent.



     Borrower has requested that Lenders provide a term loan facility, and Lenders are willing to
do so on the terms and conditions set forth herein.



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



ARTICLE I




DEFINITIONS AND ACCOUNTING TERMS




     1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings
set forth below:



     “Acquired Business” means any Person or assets, as the case may be, acquired through
an Acquisition.



     “Acquisition” means any transaction or series of related transactions for the purpose
of or resulting, directly or indirectly, in (a) the acquisition of all or substantially all of the
assets of a Person, or of any business or division of a Person, (b) the acquisition of in excess of
50% of the capital stock, partnership interests, membership interests or equity of any Person, or
otherwise causing any Person to become a Subsidiary, or (c) a merger or consolidation or any other
combination with another Person (other than a Person that is a Subsidiary before giving effect to
such merger or consolidation, provided that Borrower or the Subsidiary is the surviving entity).



     “Administrative Questionnaire” means an Administrative Questionnaire in a form
supplied by the Agent.



     “Affiliate” means, with respect to any Person, another Person that directly or
indirectly through one or more intermediaries, Controls, or is Controlled by or is under common
Control with, the Person specified. “Control” means the possession, directly or
indirectly, of the power to direct or cause the direction of the management or policies of a
Person, whether through the ability to exercise voting power, by contract or otherwise. Without
limiting the generality of the foregoing, a Person shall be deemed to be Controlled by another
Person if such other Person possesses, directly or indirectly, power to vote 10% or more of the
securities having ordinary voting power for the election of directors, managing general partners or
equivalent governing body of such Person.



     “Agent” means JPMorgan in its capacity as administrative agent under any of the Loan
Documents or any successor Agent.



     “Agent’s Office” means Agent’s address and, as appropriate, account as specified from
time to time by Agent to Borrower and Lenders.



     “Aggregate Commitments” means the Commitments of all Lenders.



 









 





     “Agreement” means this Loan Agreement.



     “Applicable Rate” means, from time to time, the following percentages per annum, based
upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate
received by Agent pursuant to Section 6.02(b):



	 	 	 	 	 	 	 
	Pricing	 	Consolidated	 	Applicable Rate for	 	Applicable Rate for
	Level	 	Leverage Ratio	 	Eurodollar Rate Loans	 	Base Rate Loans
	1
	 	>1.00:1
	 	1.500%
	 	0.500%
	2
	 	31.00:1 but <1.75:1
	 	1.750%
	 	0.750%
	3
	 	31.75:1 but <2.50:1
	 	2.000%
	 	1.000%
	4
	 	32.50:1
	 	2.250%
	 	1.250%






     Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated
Leverage Ratio shall become effective commencing on the 5th Business Day immediately following the
date a Compliance Certificate is delivered pursuant to Section 6.02(b); provided,
however, that if no Compliance Certificate is delivered when due in accordance with such
Section, then Pricing Level 4 shall apply commencing on the 5th Business Day following the date
such Compliance Certificate was required to have been delivered. The Applicable Rate in effect
from the Closing Date through the date which is the 5th Business Day immediately following the date
the Compliance Certificate is delivered pursuant to Section 6.02(b) for the Borrower’s
fiscal quarter ending on or about March 31, 2009 shall be determined based upon Pricing Level 2
(or, if the Compliance Certificate(s) delivered after the Closing Date but prior to such fiscal
quarter demonstrate that Pricing Levels 3 or 4 should be applicable during such period(s), such
other Pricing Level(s) shall be applicable).



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



     “Arranger” means J.P. Morgan Securities Inc., in its capacity as sole lead arranger
and sole book runner.



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



     “Attorney Costs” means and includes all fees, expenses and disbursements of any law
firm or other external counsel and, without duplication, the allocated cost of internal legal
services and all expenses 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.



     “Audited Financial Statements” means the audited consolidated balance sheet of
Borrower and its Subsidiaries for the fiscal year ended December 29, 2007, and the related
consolidated statements of income or operations, shareholders’ equity and cash flows for such
fiscal year of Borrower and its Subsidiaries, including the notes thereto.



-2-









 





     “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 JPMorgan as its “prime rate” in effect at its principal
office in New York City. Any change in such rate announced by JPMorgan shall take effect at the
opening of business on the day specified in the public announcement of such change.



     “Base Rate Loan” means a Loan that bears interest based on the Base Rate.



     “Borrower” has the meaning specified in the introductory paragraph hereto.



     “Borrower Materials” has the meaning specified in Section 6.02.



     “Borrowing” means a Committed Borrowing.



     “Business Day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain closed;
provided that, when used in connection with a Eurodollar Loan, the term “Business Day”
shall also exclude any day on which banks are not open for dealings in Dollar deposits in the
London interbank market.



     “Change in Law” means the occurrence, after the date of this Agreement, of any of the
following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change
in any law, rule, regulation or treaty or in the administration, interpretation or application
thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or
directive (whether or not having the force of law) by any Governmental Authority.



     “Change of Control” means, with respect to any Person, an event or series of events by
which:




     (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or
its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other
fiduciary or administrator of any such plan) becomes the “beneficial owner” (as defined in
Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or
group shall be deemed to have “beneficial ownership” of all securities that such person or
group has the right to acquire (such right, an “option right”), whether such right
is exercisable immediately or only after the passage of time), directly or indirectly, of
20% or more of the equity securities of such Person entitled to vote for members of the
board of directors or equivalent governing body of such Person on a fully diluted basis
(and, taking into account all such securities that such person or group has the right to
acquire pursuant to any option right); or




     (b) during any period of 24 consecutive months, a majority of the members of the board
of directors or other equivalent governing body of such Person cease to be composed of
individuals: (i) who were members of that board or equivalent governing body on the first
day of such period, (ii) whose election or nomination to that board or equivalent governing
body was approved by individuals referred to in clause (i) above constituting at the time of
such election or nomination at least a majority of that board or equivalent governing body
or (iii) whose election or nomination to that board or other equivalent governing body was
approved by individuals referred to in clauses (i) and (ii) above constituting at the time
of such election or nomination at least a majority of that board or equivalent governing
body (excluding, in the case of both clause (ii) and clause (iii), any individual whose
initial nomination for, or assumption of office as, a member of that board or equivalent
governing body occurs as a result of an actual or threatened solicitation of proxies or
consents for the election or removal of one or more directors by any



-3-









 







person or group other than a solicitation for the election of one or more directors by
or on behalf of the board of directors).



     “Closing Date” means the first date all the conditions precedent in Section
4.01 are satisfied or waived in accordance with Section 10.01 (or, in the case of
Section 4.01(b), waived by the Person entitled to receive the applicable payment).



     “Closing Date Loan” has the meaning specified in Section 2.14.



     “Code” means the Internal Revenue Code of 1986.



     “Commitment” means, as to each Lender, its obligation to make Committed Loans to
Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time
outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule
2.01, or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto,
as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.



     “Committed Borrowing” means a borrowing consisting of simultaneous Committed Loans of
the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by
each of Lenders pursuant to Section 2.01.



     “Committed Loan” has the meaning specified in Section 2.01.



     “Committed Loan Notice” means a notice of (a) a Committed Borrowing, (b) a conversion
of Committed Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans,
pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of
Exhibit A.



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



     “Consolidated Capital Expenditures” means, as of the last day of any fiscal quarter
for any period, the capital expenditures of Borrower and its Subsidiaries for such period, as the
same are (or would in accordance with GAAP be) set forth in the consolidated statement of changes
in financial position of Borrower and its Subsidiaries for such period.



     “Consolidated EBITDA” means, for any period, for Borrower and its Subsidiaries on a
consolidated basis, an amount equal to Consolidated Net Income for such period plus (a) the
following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated
Interest Charges for such period, (ii) the provision for federal, state, local and foreign income
taxes payable by Borrower and its Subsidiaries for such period, (iii) the amount of depreciation
and amortization expense for such period, and (iv) other expenses (excluding depreciation and
amortization) of Borrower and its Subsidiaries reducing such Consolidated Net Income which do not
represent a cash item in such period or any future period, and minus (b) all non-cash items
increasing Consolidated Net Income for such period.



     “Consolidated Funded Indebtedness” means, as of any date of determination, for
Borrower and its Subsidiaries on a consolidated basis, the sum of (a) the outstanding principal
amount of all obligations, whether current or long-term, for borrowed money (including Obligations
hereunder) and all obligations evidenced by bonds, debentures, notes, loan agreements or other
similar instruments, (b) all purchase money Indebtedness, (c) all direct obligations arising under
letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety
bonds and similar instruments, (d) all obligations in respect of the deferred purchase price of
property or services (other than trade accounts payable in the ordinary course of business), (e)
Attributable Indebtedness in respect of capital leases and



-4-









 







Synthetic Lease Obligations, (f) without duplication, all Guarantees with respect to
outstanding Indebtedness of the types specified in clauses (a) through (e) above of Persons other
than Borrower or any Subsidiary, and (g) all Indebtedness of the types referred to in clauses (a)
through (f) above of any partnership or joint venture (other than a joint venture that is itself a
corporation or limited liability company) in which Borrower or a Subsidiary is a general partner or
joint venturer, unless such Indebtedness is expressly made non-recourse to Borrower or such
Subsidiary.



     “Consolidated Interest Charges” means, for any period, for Borrower and its
Subsidiaries on a consolidated basis, the sum of (a) all interest, premium payments, debt discount,
fees, charges and related expenses of Borrower and its Subsidiaries in connection with borrowed
money (including capitalized interest) or in connection with the deferred purchase price of assets,
in each case to the extent treated as interest in accordance with GAAP, and (b) the portion of rent
expense of Borrower and its Subsidiaries with respect to such period under capital leases that is
treated as interest in accordance with GAAP.



     “Consolidated Interest Coverage Ratio” means, as of the end of any fiscal quarter, the
ratio of (a) Consolidated EBITDA for the period of the four consecutive fiscal quarters then ending
to (b) Consolidated Interest Charges paid or required to be paid during such period.



     “Consolidated Leverage Ratio” means, as of the end of any fiscal quarter, the ratio of
(a) Consolidated Funded Indebtedness as of the end of such fiscal quarter to (b) Consolidated
EBITDA for the period of the four consecutive fiscal quarters then ending.



     “Consolidated Net Income” means, for any period, for Borrower and its Subsidiaries on
a consolidated basis, the net income of Borrower and its Subsidiaries (excluding extraordinary
gains but including extraordinary losses) for that period.



     “Consolidated Net Worth” means, as of any date of determination, for Borrower and its
Subsidiaries on a consolidated basis, Shareholders’ Equity of Borrower and its Subsidiaries on that
date.



     “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.



     “Control” has the meaning specified in the definition of “Affiliate”.



     “Credit Extension” means a Borrowing.



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



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



     “Default Rate” means 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 Loan plus 2% per annum, in each case to the fullest extent permitted by
applicable Laws.



-5-









 





     “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the
Committed Loans required to be funded by it hereunder within one Business Day of the date required
to be funded by it hereunder, (b) has otherwise failed to pay over to Agent or any other Lender any
other amount required to be paid by it hereunder 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.



     “Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any sale and leaseback transaction) of any property by any Person, including
any sale, assignment, transfer or other disposal, with or without recourse, of any notes or
accounts receivable or any rights and claims associated therewith.



     “Dollar” and “$” mean lawful money of the United States.



     “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any
political subdivision of the United States.



     “Eligible Assignee” means any Person that meets the requirements to be an assignee
under Section 10.06(b)(iii), (v), and (vi) (subject to such consents, if
any, as may be required under Section 10.06(b)(iii)).



     “Environmental Laws” means any and all Federal, state, local, and foreign statutes,
laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants,
franchises, licenses, agreements or governmental restrictions relating to pollution and the
protection of the environment or the release of any materials into the environment, including those
related to hazardous substances or wastes, air emissions and discharges to waste or public systems.



     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of
Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly
resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use,
handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure
to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into
the environment or (e) any contract, agreement or other consensual arrangement pursuant to which
liability is assumed or imposed with respect to any of the foregoing.



     “Equity Interests” means, with respect to any Person, all of the shares of capital
stock of (or other ownership or profit interests in) such Person, all of the warrants, options or
other rights for the purchase or acquisition from such Person of shares of capital stock of (or
other ownership or profit interests in) such Person, all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person
or warrants, rights or options for the purchase or acquisition from such Person of such shares (or
such other interests), and all of the other ownership or profit interests in such Person (including
partnership, member or trust interests therein), whether voting or nonvoting, and whether or not
such shares, warrants, options, rights or other interests are outstanding on any date of
determination.



     “ERISA” means the Employee Retirement Income Security Act of 1974.



     “ERISA Affiliate” means any trade or business (whether or not incorporated) under
common control with 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 relating to Section 412 of the Code).



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     “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a
withdrawal by 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 withdrawal by 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 for PBGC premiums due but not delinquent under Section 4007 of ERISA,
upon Borrower or any ERISA Affiliate.



     “Eurodollar Rate” means, for any Interest Period with respect to a Eurodollar Rate
Loan, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”),
as published by Reuters (or other commercially available source providing quotations of BBA LIBOR
as designated by the Agent from time to time) at approximately 11:00 a.m., London time, two
Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery
on the first day of such Interest Period) with a term equivalent to such Interest Period. If such
rate is not available at such time for any reason, then the “Eurodollar Rate” for such Interest
Period shall be the rate per annum determined by the Agent to be the rate at which deposits in
Dollars for delivery on the first day of such Interest Period in Same Day Funds in the approximate
amount of the Eurodollar Rate Loan being made, continued or converted by JPMorgan and with a term
equivalent to such Interest Period would be offered by JPMorgan’s London Branch (or other JPMorgan
branch or Affiliate) to major banks in the London interbank eurodollar market at their request at
approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest
Period.



     “Eurodollar Rate Loan” means a Committed Loan that bears interest at a rate based on
the Eurodollar Rate.



     “Event of Default” has the meaning specified in Section 8.01.



     “Excluded Taxes” means, with respect to the Agent, any Lender, or any other recipient
of any payment to be made by or on account of any obligation of Borrower hereunder, (a) taxes
imposed on or measured by its overall net income (however denominated), and franchise taxes imposed
on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof)
under the laws of which such recipient is organized or in which its principal office is located or,
in the case of any Lender, in which its applicable Lending Office is located, (b) any branch
profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in
which Borrower is located and (c) except as provided in the following sentence, in the case
of a Foreign Lender (other than an assignee pursuant to a request by Borrower under Section
10.13), any withholding tax that is imposed on amounts payable to such Foreign Lender at the
time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or is
attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in
Law) to comply with Section 3.01(e), except to the extent that such Foreign Lender (or its
assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment),
to receive additional amounts from Borrower with respect to such withholding tax pursuant to
Section 3.01(a).



     “Existing Credit Agreement” has the meaning set forth in Section 4.01(a)(ix).



     “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted
average of the rates on overnight Federal funds transactions with members of the Federal Reserve
System arranged by



-7-









 







Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the
Business Day next succeeding such day; provided that (a) if such day is not a Business Day,
the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding
Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so
published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the
average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to JPMorgan
on such day on such transactions as determined by Agent.



     “Fee Letter” has the meaning specified in Section 2.09(b).



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



     “Foreign Subsidiary” means any Subsidiary that is organized under the laws of a
jurisdiction other than the United States, a State thereof or the District of Columbia.



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



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



     “GAAP” means generally accepted accounting principles in the United States 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 or such other principles as may be approved by a significant segment of the
accounting profession in the United States, 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 entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government.



     “Guarantors” means collectively, the Domestic Subsidiaries (present and future) of
Borrower.



     “Guaranty” means the Guaranty made by the Guarantors in favor of Agent on behalf of
Lenders, in form and substance satisfactory to Agent.



     “Guarantee” means, as to any Person, any (a) any obligation, contingent or otherwise,
of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other
obligation payable or performable by another Person (the “primary obligor”) in any manner, whether
directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or
other obligation, (ii) to purchase or lease property, securities or services for the purpose of
assuring the obligee in respect of such Indebtedness or other obligation of the payment or
performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity
capital or any other financial statement condition or liquidity or level of income or cash flow of
the primary obligor so as to enable the primary obligor to pay such Indebtedness or other
obligation, or (iv) entered into for the purpose of assuring in any other manner the



-8-









 







obligee in respect of such Indebtedness or other obligation of the payment or performance
thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b)
any Lien on any assets of such Person securing any Indebtedness or other obligation of any other
Person, whether or not such Indebtedness or other obligation is assumed by such Person. The amount
of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the
related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if
not stated or determinable, the maximum reasonably anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a
corresponding meaning.



     “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to
any Environmental Law.



     “Incremental Loan” has the meaning specified in Section 2.14.



     “Incremental Loan Amendment” has the meaning specified in Section 2.14.



     “Indebtedness” means, as to any Person at a particular time, all of the following,
whether or not included as indebtedness or liabilities in accordance with GAAP:




     (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) all direct or contingent obligations of such Person arising under letters of credit
(including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and
similar instruments;




     (c) net obligations of such Person under any Swap Contract;




     (d) all obligations of such Person to pay the deferred purchase price of property or
services (other than trade accounts payable in the ordinary course of business);




     (e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property
owned or being purchased by such Person (including indebtedness arising under conditional
sales or other title retention agreements), whether or not such indebtedness shall have been
assumed by such Person or is limited in recourse;




     (f) capital leases and Synthetic Lease Obligations;




     (g) all obligations of such Person to purchase, redeem, retire, defease or otherwise
make any payment in respect of any Equity Interest in such Person or any other Person,
valued, in the case of a redeemable preferred interest, at the greater of its voluntary or
involuntary liquidation preference plus accrued and unpaid dividends; and




     (h) all Guarantees of such Person in respect of any of the foregoing.



     For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any
partnership or joint venture (other than a joint venture that is itself a corporation or limited
liability company) in which such Person is a general partner or a joint venturer, unless such
Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under
any Swap Contract



-9-









 







on any date shall be Swap Termination Value thereof as of such date. 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.



     “Indemnified Taxes” means Taxes other than Excluded Taxes.



     “Indemnitees” has the meaning specified in Section 10.04.



     “Information” has the meaning specified in Section 10.08.



     “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the
last day of each Interest Period applicable to such Loan and the Maturity Date; provided,
however, that if any Interest Period for a 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 disbursed or converted to or continued as a Eurodollar Rate Loan
and ending on the date one, two, three or six months thereafter, as selected by Borrower in its
Committed Loan Notice; provided that:




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




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




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



     “Internal Control Event” means a material weakness in, or fraud that involves
management or other employees who have a significant role in, Borrower’s internal controls over
financial reporting, in each case as described in the Securities Laws.



     “Investment” means, as to any Person, any direct or indirect 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, Guarantee or
assumption of debt of, or purchase or other acquisition of any other debt 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.



     “IRS” means the United States Internal Revenue Service.



     “JPMorgan” means JPMorgan Chase Bank, N.A. and its successors.



-10-









 





     “Laws” means, collectively, all international, foreign, Federal, state and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or
judicial precedents or authorities, including the interpretation or administration thereof by any
Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and
permits of, and agreements with, any Governmental Authority, in each case whether or not having the
force of law.



     “Lender” has the meaning specified in the introductory paragraph hereto.



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



     “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge, or preference, priority or other security interest
or preferential arrangement of any kind or nature whatsoever (including any conditional sale or
other title retention agreement, and any financing lease having substantially the same economic
effect as any of the foregoing.



     “Loan” means an extension of credit by a Lender to Borrower under Article II
in the form of a Committed Loan.



     “Loan Documents” means this Agreement, each Note, the Fee Letter, and the Guaranty.



     “Loan Parties” means, collectively, Borrower and each Person (other than Agent or any
Lender) executing a Loan Document. The term Loan Party shall include, without limitation, each
Guarantor.



     “Material Adverse Effect” means (a) a material adverse change in, or a material
adverse effect upon, the operations, business, properties, liabilities (actual and contingent),
condition (financial or otherwise) or prospects of Borrower and its Subsidiaries taken as a whole;
(b) a material impairment of the ability of any Loan Party to perform its obligations under any
Loan Document to which it is a party; or (c) a material adverse effect upon the legality, validity,
binding effect or enforceability against any Loan Party of any Loan Document to which it is a
party.



     “Maturity Date” means (a) September 29, 2013, or (b) such earlier date upon which the
Loans outstanding become due and payable pursuant to Section 8.02.



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



     “Note” means a promissory note made by Borrower in favor of a Lender evidencing Loans
made by such Lender, substantially in the form of Exhibit B.



     “Note Purchase Agreement” means the proposed note purchase agreement among the
Borrower and the purchasers party thereto, as it may be amended, modified or supplemented from time
to time.



     “Obligations” means all advances to, and debts, liabilities, obligations, covenants
and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any
Loan, whether direct or indirect (including those acquired by assumption), absolute or contingent,
due or to become due, now existing or hereafter arising and including interest and fees that accrue
after the commencement by or



-11-









 







against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws
naming such Person as the debtor in such proceeding, regardless of whether such interest and fees
are allowed claims in such proceeding.



     “Organization Documents” means, (a) with respect to any corporation, the certificate
or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents
with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the
certificate or articles of formation 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 or organization with the applicable
Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any
certificate or articles of formation or organization of such entity.



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



     “Outstanding Amount” means the aggregate outstanding principal amount thereof after
giving effect to any borrowings and prepayments or repayments of such Committed Loans occurring on
such date.



     “Overnight Rate” means, for any day, the greater of (i) the Federal Funds Rate and
(ii) an overnight rate determined by the Agent in accordance with banking industry rules on
interbank compensation.



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



     “PBGC” means the Pension Benefit Guaranty Corporation.



     “PCAOB” means the Public Company Accounting Oversight Board.



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



     “Permitted Acquisition” means an Acquisition which meets each of the following
conditions: (i) the prior, effective written consent or approval to such Acquisition of the board
of directors or equivalent governing body of the Acquired Business (and/or its parent entity) is
obtained; (ii) the Acquired Business represents a line of business substantially the same, similar
or, complimentary to the lines of business carried on by Borrower and its Subsidiaries on the date
hereof; (iii) immediately before and after giving effect to such Acquisition, no Default or Event
of Default shall exist, (iv) immediately before and after giving effect to such Acquisition,
Borrower shall be in compliance with the financial tests set forth in Section 7.12 (for
this purpose the Consolidated Leverage Ratio shall be determined on a pro forma basis as if the
Acquisition had been consummated at the beginning of the period of the four consecutive fiscal
quarters of Borrower then most recently ended), and (v) Borrower shall have forwarded to Agent such
additional information regarding such Acquisition or the Acquired Business as Agent shall have
requested, and (vi) Borrower shall have furnished to Agent a certificate of its chief financial
officer to the



-12-









 







effect that the foregoing conditions are satisfied (such certificate to be accompanied by a
computation of the financial tests set forth in Section 7.12 and to be satisfactory to
Agent in all respects).



     “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.



     “Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of
ERISA) established by Borrower or, with respect to any such plan that is subject to Section 412 of
the Code or Title IV of ERISA, any ERISA Affiliate.



     “Platform” has the meaning specified in Section 6.02.



     “Pro Rata Share” means, with respect to each Lender, at any time, a fraction
(expressed as a percentage, carried out to the ninth decimal place), the numerator of which is the
amount of the Commitment of such Lender at such time and the denominator of which is the amount of
the Aggregate Commitments at such time. After the making of the Closing Date Loans (and, as
applicable, the making of Incremental Loans, if any), the Pro Rata Share of each Lender shall mean,
with respect to each Lender, at any time, a fraction (expressed as a percentage, carried out to
the ninth decimal place), the numerator of which is the amount of the Loans of such Lender
outstanding at such time and the denominator of which is the Total Outstandings at such time. The
initial Pro Rata Share of each Lender is set forth opposite the name of such Lender on Schedule
2.01 or in the Assignment and Assumption Agreement pursuant to which such Lender becomes a
party hereto, as applicable.



     “Register” has the meaning set forth in Section 10.06(c).



     “Registered Public Accounting Firm” has the meaning specified in the Securities Laws
and shall be independent of Borrower as prescribed by the Securities Laws.



     “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.



     “Request for Credit Extension” means with respect to a Borrowing or a conversion or
continuation of Committed Loans, a Committed Loan Notice.



     “Related Parties” means, with respect to any Person, such Person’s Affiliates and the
partners, directors, officers, employees, agents and advisors of such Person and of such Person’s
Affiliates.



     “Required Lenders” means, as of any date of determination, two or more Lenders having
more than 50% of the Aggregate Commitments or, if the commitment of each Lender to make Loans have
been terminated pursuant to Section 8.02, Lenders holding in the aggregate more than 50% of
the Total Outstandings; provided that the Commitment of, and the portion of the Total
Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making
a determination of Required Lenders.



     “Responsible Officer” means the chief executive officer, president, chief financial
officer, treasurer or assistant treasurer of a Loan Party (and, solely for purposes of notices
given pursuant to Article II, any other officer or employee of the applicable Loan Party so
designated by any of the foregoing officers in a notice to the Agent). 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



-13-









 







necessary corporate, partnership and/or other action on the part of such Loan Party and such
Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party.



     “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any capital stock or other Equity Interest of
Borrower or any Subsidiary, or any payment (whether in cash, securities or other property),
including any sinking fund or similar deposit, on account of the purchase, redemption, retirement,
acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on
account of any return of capital to Borrower’s stockholders, partners or members (or the equivalent
Person thereof).



     “Same Day Funds” means immediately available funds.



     “Sarbanes-Oxley” means the Sarbanes-Oxley Act of 2002.



     “Securities Laws” means the Securities Act of 1933, the Securities Exchange Act of
1934, Sarbanes-Oxley and the applicable accounting and auditing principles, rules, standards and
practices promulgated, approved or incorporated by the SEC or the PCAOB.



     “Shareholders’ Equity” means, as of any date of determination for Borrower and its
Subsidiaries on a consolidated basis, shareholders’ equity as of that date determined in accordance
with GAAP.



     “SPC” has the meaning specified in Section 10.06(h).



     “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 Borrower.



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



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



-14-









 







provided by any recognized dealer in such Swap Contracts (which may include a Lender or any
Affiliate of a Lender).



     “Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a
so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or
possession of property creating obligations that do not appear on the balance sheet of such Person
but which, upon the insolvency or bankruptcy of such Person, would be characterized as the
indebtedness of such Person (without regard to accounting treatment).



     “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental Authority, including
any interest, additions to tax or penalties applicable thereto.



     “Threshold Amount” means $2,000,000.



     “Total Outstandings” means the aggregate Outstanding Amount of all Loans.



     “Type” means with respect to a Committed 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 the assumptions used for funding the Pension Plan pursuant to Section
412 of the Code for the applicable plan year.



     “United States,” and “U.S.” mean the United States of America.



     1.02 Other Interpretive Provisions. With reference to this Agreement and each other Loan
Document, unless otherwise specified herein or in such other Loan Document:




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




     (b) (i) The words “herein”, “hereto”, “hereof” 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) Article,
Section, Exhibit and Schedule references are to the Loan Document in which such reference
appears; (iii) the term “including” is by way of example and not limitation; and
(iv) the term “documents” includes any and all instruments, documents, agreements,
certificates, notices, reports, financial statements and other writings, however evidenced,
whether in physical or electronic form.




     (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.




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     (a) All accounting terms not specifically or completely defined herein shall be
construed in conformity with, and all financial data (including financial ratios and other
financial calculations) required to be submitted pursuant to this 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 Borrower or the Required
Lenders shall so request, Agent, Lenders and Borrower shall negotiate in good faith to amend
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, (i) such ratio or requirement shall continue to be computed in accordance with
GAAP prior to such change therein and (ii) Borrower shall provide to Agent and 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.




     (c) Consolidation of Variable Interest Entities. All references herein to
consolidated financial statements of Borrower and its Subsidiaries or to the determination
of any amount for Borrower and its Subsidiaries on a consolidated basis or any similar
reference shall, in each case, be deemed to include each variable interest entity that
Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation
of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such
variable interest entity were a Subsidiary as defined herein.



     1.04 Rounding. Any financial ratios required to be maintained by any Loan Party 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 Organization Documents, 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 COMMITMENTS AND CREDIT EXTENSIONS.




     2.01 Committed Loans. Subject to the terms and conditions set forth herein, each Lender
severally agrees to make a single loan (such loan, a “Committed Loan”) denominated in
Dollars to Borrower in one draw on the Closing Date, in an aggregate amount not to exceed at any
time outstanding the amount of such Lender’s Commitment; provided, however, that
after giving effect to any Committed Borrowing, (i) the Total Outstandings shall not exceed the
Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any
Lender shall not exceed such Lender’s Commitment. Each Borrowing shall consist of Committed Loans
made simultaneously by the Lenders in



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accordance with their respective Pro Rata Share. Amounts borrowed under this Section
2.01 and repaid or prepaid may not be reborrowed. Committed Loans may be Base Rate Loans or
Eurodollar Rate Loans, as further provided herein. It is acknowledged and agreed that there shall
only be a single Credit Extension made under this Agreement unless additional Credit Extensions are
made pursuant to Section 2.14. Upon the funding of any Committed Loan under this
Agreement, the Commitment in respect thereof shall immediately terminate.





2.02 Borrowing, Conversions and Continuations of Committed Loans.




     (a) Each Committed Borrowing, each conversion of Committed Loans from one Type to the
other, and each continuation of Eurodollar Rate Loans shall be made upon Borrower’s
irrevocable notice to Agent, which may be given by telephone. Each such notice must be
received by Agent (i) not later than 10:00 a.m., Chicago time, three Business Days prior to
the requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate
Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans, and (ii) not later
than 1:00 p.m., Chicago time, on the requested date of any Borrowing of Base Rate Loans.
Each telephonic notice by Borrower pursuant to this Section 2.02(a) must be
confirmed promptly by delivery to Agent of a written Committed Loan Notice, appropriately
completed and signed by a Responsible Officer of Borrower. Each conversion to or
continuation of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a
whole multiple of $500,000 in excess thereof. Each conversion to Base Rate Loans shall be
in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each
Committed Loan Notice (whether telephonic or written) shall specify (i) whether Borrower is
requesting a Committed Borrowing, a conversion of Committed Loans from one Type to the
other, or a continuation of Eurodollar Rate Loans, (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 Committed Loans to be borrowed, converted or continued, (iv) the Type of
Committed Loans to be borrowed or to which existing Committed Loans are to be converted, and
(v) if applicable, the duration of the Interest Period with respect thereto. If Borrower
fails to specify a Type of Committed Loan in a Committed Loan Notice or if Borrower fails to
give a timely notice requesting a conversion or continuation, then the applicable Committed
Loans shall be made as, or converted to, Base Rate Loans. Any 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 Borrower requests a Borrowing of,
conversion to, or continuation of Eurodollar Rate Loans in any such Committed Loan Notice,
but fails to specify an Interest Period, it will be deemed to have specified an Interest
Period of one month.




     (b) Following receipt of a Committed Loan Notice, Agent shall promptly notify each
Lender of the amount of its Pro Rata Share of the applicable Committed Loans, and if no
timely notice of a conversion or continuation is provided by Borrower, 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 Committed Borrowing, each Lender shall make the
amount of its Committed Loan available to Agent in Same Day Funds at Agent’s Office for the
applicable currency not later than 3:00 p.m., Chicago time on the Business Day specified in
the applicable Committed Loan Notice. Upon satisfaction of the applicable conditions set
forth in Section 4.02 (and, if such Borrowing is the Credit Extension, Section
4.01), Agent shall make all funds so received available to Borrower in like funds as
received by Agent either by (i) crediting the account of Borrower on the books of JPMorgan
with the amount of such funds or (ii) wire transfer of such funds, in each case in
accordance with instructions provided to (and reasonably acceptable to) Agent by Borrower.



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     (c) Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or
converted only on the last day of an Interest Period for such Eurodollar Rate Loan. During
the existence of a Default, no Loans may be requested as, converted to or continued as
Eurodollar Rate Loans without the consent of the Required Lenders.




     (d) Agent shall promptly notify Borrower and Lenders of the interest rate applicable to
any Interest Period for Eurodollar Rate Loans upon determination of such interest rate. The
determination of the Eurodollar Rate by Agent shall be conclusive in the absence of manifest
error. At any time that Base Rate Loans are outstanding, Agent shall notify Borrower and
Lenders of any change in JPMorgan’s prime rate used in determining the Base Rate promptly
following the public announcement of such change.




     (e) After giving effect to all Committed Borrowings, all conversions of Committed Loans
from one Type to the other, and all continuations of Committed Loans as the same Type, there
shall not be more than ten Interest Periods in effect with respect to Committed Loans.



     2.03 Intentionally Omitted.



     2.04 Intentionally Omitted.



     2.05 Prepayments. Borrower may, upon notice to Agent, at any time or from time to time
voluntarily prepay Committed Loans in whole or in part without premium or penalty; provided
that (i) such notice must be received by Agent not later than (A) 10:00 a.m., Chicago time, three
Business Days prior to any date of prepayment of Eurodollar Rate Loans, and (B) 1:00 p.m., Chicago
time, on 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 $500,000 in excess thereof; and
(iii) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole
multiple of $100,000 in excess thereof, or, in each case, if less, the entire principal amount
thereof then outstanding. Each such notice shall specify the date and amount of such prepayment
and the Type(s) of Committed Loans to be prepaid, and, if Eurodollar Rate Loans are to be prepaid,
the Interest Period(s) of such Loans. Agent will promptly notify each Lender of its receipt of
each such notice, and of the amount of such Lender’s Pro Rata Share of such prepayment. If such
notice is given by Borrower, 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 on the amount prepaid, together
with any additional amounts required pursuant to Section 3.05. Each prepayment of the
outstanding Committed Loans pursuant to this Section 2.05 shall be applied to the principal
repayment installments thereof in inverse order of maturity, and each such prepayment shall be paid
to the Lenders in accordance with their respective Pro Rata Shares.



     2.06 Intentionally Omitted.



     2.07 Repayment of Loans. Borrower shall repay to Lenders the aggregate principal amount of
all Committed Loans outstanding on the following dates in the respective amounts set forth opposite
such dates (which amounts shall be reduced as a result of the application of prepayments in
accordance with the terms of Section 2.05):



	 	 	 	 	 
	Date	 	Amount
	December 31, 2008
	 	$	2,000,000	 
	March 31, 2009
	 	$	2,000,000	 
	June 30, 2009
	 	$	2,000,000	 
	September 30, 2009
	 	$	2,000,000	 






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	Date	 	Amount
	December 31, 2009
	 	$	2,000,000	 
	March 31, 2010
	 	$	2,000,000	 
	June 30, 2010
	 	$	2,000,000	 
	September 30, 2010
	 	$	2,000,000	 
	December 31, 2010
	 	$	2,000,000	 
	March 31, 2011
	 	$	2,000,000	 
	June 30, 2011
	 	$	2,000,000	 
	September 30, 2011
	 	$	2,000,000	 
	December 31, 2011
	 	$	2,000,000	 
	March 31, 2012
	 	$	2,000,000	 
	June 30, 2012
	 	$	2,000,000	 
	September 30, 2012
	 	$	2,000,000	 
	December 31, 2012
	 	$	12,000,000	 
	March 31, 2013
	 	$	12,000,000	 
	June 30, 2013
	 	$	12,000,000	 





provided, however, that the final principal repayment installment of the Loans
shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate
principal amount of Committed Loans outstanding on such date.




     2.08 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
(without regard to any applicable grace periods), whether at stated maturity by acceleration
or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per
annum at all times equal to the Default Rate to the fullest extent permitted by
applicable Laws. Furthermore, while any Event of Default exists (or after acceleration),
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 Laws. Accrued and unpaid interest on past due amounts
(including interest on past due interest) shall be due and payable upon demand.




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



     2.09 Fees. Borrower shall pay to Arranger and Agent for their own respective accounts, in
Dollars, fees in the amounts and at the times specified in the letter agreement, dated September 5,
2008 (the “Fee Letter”), among Borrower, Arranger and Agent. Such fees shall be fully
earned when paid and shall not be refundable for any reason whatsoever.



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     2.10 Computation of Interest and Fees. All computations of interest for Base Rate Loans when
the Base Rate is determined by JPMorgan’s prime rate shall be made on the basis of a year of 365 or
366 days, as the case may be. All other computations of interest and all fees shall be made on the
basis of a year of 360 days and the actual number of days elapsed, (which results in more fees or
interest, as applicable, being paid than if computed on the basis of a 365 day year). Interest
shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or
any portion thereof, for the day on which the Loan or such portion is paid, provided that
any Loan that is repaid on the same day on which it is made shall, subject to Section
2.12(a), bear interest for one day.



     2.11 Evidence of Debt. The Committed Loans made by each Lender shall be evidenced by one or
more accounts or records maintained by such Lender and by Agent in the ordinary course of business.
The accounts or records maintained by Agent and each Lender shall be conclusive absent manifest
error of the amount of the Committed Loans made by Lenders to Borrower and the interest and
payments thereon. Any failure to so record or any error in doing so shall not, however, limit or
otherwise affect the obligation of Borrower hereunder to pay any amount owing with respect to the
Obligations. In the event of any conflict between the accounts and records maintained by any
Lender and the accounts and records of Agent in respect of such matters, the accounts and records
of Agent shall control in the absence of manifest error. Upon the request of any Lender made
through Agent, Borrower shall execute and deliver to such Lender (through Agent) a Note, which
shall evidence, such Lender’s Loans, in addition to such accounts or records. Each Lender may
attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and
maturity of the applicable Loans and payments with respect thereto.



     2.12 Payments Generally.




     (a) All payments to be made by Borrower shall be made without condition or deduction
for any counterclaim, defense, recoupment or set off. Except as otherwise expressly
provided herein, all payments by Borrower hereunder shall be made to Agent, for the account
of the respective Lenders to which such payment is owed, at the Agent’s Office in Dollars
and in Same Day Funds not later than 2:00 p.m., Chicago time, on the date specified herein.
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 Agent after 1:00 p.m., Chicago time shall
be deemed received on the next succeeding Business Day and any applicable interest or fee
shall continue to accrue.




     On each date when the payment of any principal, interest or fees are due hereunder or
under any Note, Borrower agrees to maintain on deposit in an ordinary checking account (or
primary concentration account if so designated by Borrower) maintained by Borrower (as such
account shall be designated by Borrower in a written notice to Agent from time to time, the
“Borrower Account”) an amount sufficient to pay such principal, interest or fees in
full on such date. Borrower hereby authorizes Agent (A) to deduct automatically all
principal, interest or fees when due hereunder or under any Note from Borrower Account, and
(B) if and to the extent any payment of principal, interest or fees under this Agreement or
any Note is not made when due to deduct any such amount from any or all of the accounts of
Borrower maintained at Agent. Agent agrees to provide written notice to Borrower of any
automatic deduction made pursuant to this Section 2.12(a)(ii) showing in reasonable
detail the amounts of such deduction. Lenders agree to reimburse Borrower based on their
Pro Rata Share for any amounts deducted from such accounts in excess of amount due hereunder
and under any other Loan Documents.



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     (b) If any payment to be made by 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) Unless Borrower or any Lender has notified Agent, prior to the date any payment is
required to be made by it to Agent hereunder, that Borrower or such Lender, as the case may
be, will not make such payment, Agent may assume that 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 Agent in Same Day Funds, then:




     (i) if Borrower failed to make such payment, each Lender shall forthwith on
demand repay to Agent the portion of such assumed payment that was made available to
such Lender in Same Day Funds, together with interest thereon in respect of each day
from and including the date such amount was made available by Agent to such Lender
to the date such amount is repaid to Agent in Same Day Funds, at the Overnight 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 Agent the amount thereof in Same Day Funds, together with interest
thereon for the period from the date such amount was made available by Agent to
Borrower to the date such amount is recovered by Agent (the “Compensation
Period”) at a rate per annum equal to the Overnight Rate from time to time in
effect. If such Lender pays such amount to Agent, then such amount shall constitute
such Lender’s Committed Loan included in the applicable Borrowing. If such Lender
does not pay such amount forthwith upon Agent’s demand therefor, Agent may make a
demand therefor upon Borrower, and Borrower shall pay such amount to Agent, together
with interest thereon for the 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 Commitment or to
prejudice any rights which Agent or Borrower may have against any Lender as a result
of any default by such Lender hereunder.



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




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




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




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



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     2.13 Sharing of Payments. If any Lender shall, by exercising any right of set off or
counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of the
Committed Loans made by it resulting in such Lender’s receiving payment of a proportion of the
aggregate amount of such Committed Loans and accrued interest thereon greater than its pro
rata share thereof as provided herein, then the Lender receiving such greater proportion
shall (a) notify the Agent of such fact, and (b) purchase (for cash at face value) participations
in the Committed Loans of the other Lenders, or make such other adjustments as shall be equitable,
so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with
the aggregate amount of principal of and accrued interest on their respective Committed Loans and
other amounts owing them, provided that:




     (i) if any such participations are purchased and all or any portion of the
payment giving rise thereto is recovered, such participations shall be rescinded and
the purchase price restored to the extent of such recovery, without interest; and




     (ii) the provisions of this Section shall not be construed to apply to (x) any
payment made by Borrower pursuant to and in accordance with the express terms of
this Agreement or (y) any payment obtained by a Lender as consideration for the
assignment of or sale of a participation in any of its Committed Loans to any
assignee or participant, other than to Borrower or any Subsidiary thereof (as to
which the provisions of this Section shall apply).



     2.14 Incremental Loans.




     (a) Provided there exists no Default or Event of Default, upon notice to the Agent
(which shall promptly notify the then-existing Lenders and potential new Lenders), Borrower
may from time to time request incremental Loans (“Incremental Loans”) in an
aggregate principal amount of $40,000,000. At the time of sending such notice, Borrower (in
consultation with the Agent) shall specify the time period within which each Lender is
requested to respond (which shall in no event be less than ten Business Days from the date
of delivery of such notice to Lenders).




     (b) Each Lender shall notify the Agent within such time period whether or not it agrees
to fund such requested Incremental Loan. Any Lender not responding within such time period
shall be deemed to have declined such request. The Agent shall notify Borrower and each
Lender of Lenders’ responses to each request made hereunder. In connection with such a
request, Borrower may also invite additional Eligible Assignees to become Lenders pursuant
to a joinder agreement in form and substance satisfactory to the Agent and its counsel.




     (c) If Incremental Loans are to be funded in accordance with this Section 2.14,
Agent and Borrower shall determine the effective date (the “Increase Effective
Date”) and the final allocation of the commitments for such Incremental Loans. Agent
shall promptly notify Borrower and Lenders of the final allocation of such increase and the
Increase Effective Date. All Incremental Loans, when funded in accordance with this
Section 2.14, shall be deemed to be “Committed Loans” under Section 2.01.




     (d) As a condition precedent to such Incremental Loans, Borrower shall deliver to Agent
a certificate of each Loan Party dated as of the Increase Effective Date (in sufficient
copies for each Lender) signed by a Responsible Officer of such Loan Party (i) certifying
and attaching the resolutions adopted by such Loan Party approving or consenting to such
Incremental Loans, and, (ii) in the case of Borrower, including a Compliance Certificate
demonstrating pro forma compliance with Section 7.12 after giving effect to such
Incremental Loans and (iii) certifying



-22-









 






that, before and after giving effect to such Incremental Loans, the representations and
warranties contained in Article V are true and correct on and as of the Increase Effective
Date (except to the extent that such representations and warranties specifically refer to an
earlier date, in which case they are true and correct as of such earlier date, and except
that for purposes of this Section 2.14, the representation and warranties contained
in subsections (a), (b) and (c) of Section 5.05 shall be deemed to refer to the most
recent statement furnished pursuant to clauses (a), (b) and (c), respectively, of
Section 6.01) and no Default or Event of Default exists. Borrower shall deliver new
or amended Committed Loan Notes reflecting the increased outstanding Loans of any Lender
holding or requesting a Note.




     (e) This Section shall supersede any provisions in Section 10.01 to the
contrary. No consent of any Lender (other than the Lenders participating in any Incremental
Loan) shall be required for any Incremental Loans pursuant to this Section 2.14.
The Incremental Loans (a) shall rank pari passu in right of payment with the initial Loans
made on the Closing Date (the “Closing Date Loans”), (b) shall not mature earlier
than the Maturity Date (but may have amortization prior to such date), (c) shall be treated
substantially the same as (and in any event no more favorably than) the Closing Date Loans
and (d) shall not have a weighted average life that is shorter than that of the
then-remaining weighted average life of the Closing Date Loans; provided that (i) the terms
and conditions applicable to any tranche of Incremental Loans maturing after the Maturity
Date may provide for material additional or different financial or other covenants or
prepayment requirements applicable only during periods after the Maturity Date and (ii) the
Incremental Loans may be priced differently than the Closing Date Loans. Incremental Loans
may be made hereunder pursuant to an amendment or restatement (an “Incremental Loan
Amendment”) of this Agreement and, as appropriate, the other Loan Documents, executed by
Borrower, each Lender participating in such tranche, if any, and Agent. The Incremental
Loan Amendment may, without the consent of any other Lenders, effect such technical
amendments to this Agreement and the other Loan Documents as may be necessary or
appropriate, in the reasonable opinion of Agent, to effect the provisions of this
Section 2.14.



ARTICLE III




TAXES, YIELD PROTECTION AND ILLEGALITY




     3.01 Taxes.




     (a) Payments Free of Taxes. Any and all payments by or on account of any
obligation of Borrower hereunder or under any other Loan Document shall be made free and
clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes,
provided that if Borrower shall be required by applicable law to deduct any
Indemnified Taxes (including any Other Taxes) from such payments, then (i) the sum payable
shall be increased as necessary so that after making all required deductions (including
deductions applicable to additional sums payable under this Section) the Agent or Lender, as
the case may be, receives an amount equal to the sum it would have received had no such
deductions been made, (ii) Borrower shall make such deductions and (iii) Borrower shall
timely pay the full amount deducted to the relevant Governmental Authority in accordance
with applicable law.




     (b) Payment of Other Taxes by Borrower. Without limiting the provisions of
subsection (a) above, Borrower shall timely pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.



-23-









 






     (c) Indemnification by Borrower. Borrower shall indemnify the Agent and each
Lender, within 10 days after demand therefor, for the full amount of any Indemnified Taxes
or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or
attributable to amounts payable under this Section) paid by the Agent or such Lender, as the
case may be, and any penalties, interest and reasonable expenses arising therefrom or with
respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or
legally imposed or asserted by the relevant Governmental Authority. A certificate as to the
amount of such payment or liability delivered to Borrower by a Lender (with a copy to the
Agent), or by the Agent on its own behalf or on behalf of a Lender shall be conclusive
absent manifest error.




     (d) Evidence of Payments. As soon as practicable after any payment of
Indemnified Taxes or Other Taxes by Borrower to a Governmental Authority, Borrower shall
deliver to the 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 Agent.




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




Without limiting the generality of the foregoing, any Foreign Lender shall deliver to
Borrower and the 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 Borrower or the 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,




     (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 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



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together with such supplementary documentation as may be prescribed by
applicable law to permit Borrower to determine the withholding or deduction required
to be made.





Without limiting the obligations of the Lenders set forth above regarding delivery of
certain forms and documents to establish each Lender’s status for U.S. withholding tax
purposes, each Lender agrees promptly to deliver to the Agent or Borrower, as the Agent or
Borrower shall reasonably request, on or prior to the Closing Date, and in a timely fashion
thereafter, such other documents and forms required by any relevant taxing authorities under
the Laws of any other jurisdiction, duly executed and completed by such Lender, as are
required under such Laws to confirm such Lender’s entitlement to any available exemption
from, or reduction of, applicable withholding taxes in respect of all payments to be made to
such Lender outside of the U.S. by Borrower pursuant to this Agreement or otherwise to
establish such Lender’s status for withholding tax purposes in such other jurisdiction.
Each Lender shall promptly (i) notify the Agent of any change in circumstances which would
modify or render invalid any such claimed exemption or reduction, and (ii) take such steps
as shall not be materially disadvantageous to it, in the reasonable judgment of such Lender,
and as may be reasonably necessary (including the re-designation of its Lending Office) to
avoid any requirement of applicable Laws of any such jurisdiction that Borrower make any
deduction or withholding for taxes from amounts payable to such Lender. Additionally,
Borrower shall promptly deliver to the Agent or any Lender, as the Agent or such Lender
shall reasonably request, on or prior to the Closing Date, and in a timely fashion
thereafter, such documents and forms required by any relevant taxing authorities under the
Laws of any jurisdiction, duly executed and completed by Borrower, as are required to be
furnished by such Lender or the Agent under such Laws in connection with any payment by the
Agent or any Lender of Taxes or Other Taxes, or otherwise in connection with the Loan
Documents, with respect to such jurisdiction.




     (f) Treatment of Certain Refunds. If the 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 Borrower or with respect to which Borrower has paid additional
amounts pursuant to this Section, it shall pay to Borrower an amount equal to such refund
(but only to the extent of indemnity payments made, or additional amounts paid, by 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 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 Borrower, upon the request of the Agent or such Lender,
agrees to repay the amount paid over to Borrower (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) to the Agent or such Lender in the
event the Agent or such Lender is required to repay such refund to such Governmental
Authority. This subsection shall not be construed to require the Agent or any Lender to
make available its tax returns (or any other information relating to its taxes that it deems
confidential) to Borrower or any other Person.



     3.02 Illegality. If any Lender determines that any Law has made it unlawful, or that any
Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending
Office to make, maintain or fund Eurodollar Rate Loans, or to determine or charge interest rates
based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on
the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London
interbank market, then, on notice thereof by such Lender to Borrower through 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 Agent and Borrower that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice,
Borrower shall, upon demand from such Lender (with a copy to Agent), prepay or, if applicable,
convert all Eurodollar Rate Loans of such Lender



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to Base Rate Loans, either on the last day of the Interest Period therefor, 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, Borrower shall also pay accrued 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 good faith judgment of such
Lender, otherwise be materially disadvantageous to such Lender.




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



     3.04 Increased Costs; Reserves on Eurodollar Rate Loans.




(a) Increased Costs Generally. If any Change in Law shall:




     (i) impose, modify or deem applicable any reserve, special deposit, compulsory
loan, insurance charge or similar requirement against assets of, deposits with or
for the account of, or credit extended or participated in by, any Lender (except any
reserve requirement contemplated by Section 3.04(e)) or the Agent;




     (ii) subject any Lender or the Agent to any tax of any kind whatsoever with
respect to this Agreement or any Eurodollar Rate Loan made by it, or change the
basis of taxation of payments to such Lender or the Agent in respect thereof (except
for Indemnified Taxes or Other Taxes covered by Section 3.01 and the
imposition of, or any change in the rate of, any Excluded Tax payable by such Lender
or the Agent); or




     (iii) impose on any Lender or the Agent or the London interbank market any
other condition, cost or expense affecting this Agreement or Eurodollar Rate Loans
made by such Lender;




and the result of any of the foregoing shall be to increase the cost to such Lender of
making or maintaining any Eurodollar Rate Loan (or of maintaining its obligation to make any
such Loan), or to reduce the amount of any sum received or receivable by such Lender or the
Agent hereunder (whether of principal, interest or any other amount) then, upon request of
such Lender or the Agent, Borrower will pay to such Lender or the Agent, as the case may be,
such additional amount or amounts as will compensate such Lender or the Agent, as the case
may be, for such additional costs incurred or reduction suffered.



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     (b) Capital Requirements. If any Lender or the Agent determines that any
Change in Law affecting such Lender or the Agent or any Lending Office of such Lender or
such Lender’s or the Agent’s holding company, if any, regarding capital requirements has or
would have the effect of reducing the rate of return on such Lender’s or the Agent’s capital
or on the capital of such Lender’s or the Agent’s holding company, if any, as a consequence
of this Agreement, the Commitments of such Lender or the Loans made by such Lender to a
level below that which such Lender or the Agent or such Lender’s or the Agent’s holding
company could have achieved but for such Change in Law (taking into consideration such
Lender’s or the Agent’s policies and the policies of such Lender’s or the Agent’s holding
company with respect to capital adequacy), then from time to time Borrower will pay to such
Lender or the Agent, as the case may be, such additional amount or amounts as will
compensate such Lender or the Agent or such Lender’s or the Agent’s holding company for any
such reduction suffered.




     (c) Certificates for Reimbursement. A certificate of a Lender or the Agent
setting forth the amount or amounts necessary to compensate such Lender or the Agent or its
holding company, as the case may be, as specified in subsection (a) or (b) of this Section
and delivered to Borrower shall be conclusive absent manifest error. Borrower shall pay
such Lender or the Agent, as the case may be, the amount shown as due on any such
certificate within 10 days after receipt thereof.




     (d) Delay in Requests. Failure or delay on the part of any Lender or the Agent
to demand compensation pursuant to the foregoing provisions of this Section shall not
constitute a waiver of such Lender’s or the Agent’s right to demand such compensation,
provided that Borrower shall be required to compensate a Lender or the Agent
pursuant to the foregoing provisions of this Section for any increased costs incurred or
reductions suffered more than nine months prior to the date that such Lender or the Agent,
as the case may be, notifies Borrower of the Change in Law giving rise to such increased
costs or reductions and of such Lender’s or the Agent’s intention to claim compensation
therefor (except that, if the Change in Law giving rise to such increased costs or
reductions is retroactive, then the nine-month period referred to above shall be extended to
include the period of retroactive effect thereof).




     (e) Additional Reserve Requirements. Borrower shall pay to each Lender, (i) as
long as such Lender shall be required to maintain reserves with respect to liabilities or
assets consisting of or including Eurodollar funds or deposits (currently known as
“Eurocurrency liabilities”), additional interest on the unpaid principal amount of each
Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Loan by
such Lender (as determined by such Lender in good faith, which determination shall be
conclusive), and (ii) as long as such Lender shall be required to comply with any reserve
ratio requirement or analogous requirement of any other central banking or financial
regulatory authority imposed in respect of the maintenance of the Commitments or the funding
of the Eurodollar Rate Loans, such additional costs (expressed as a percentage per annum and
rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs
allocated to such Commitment or Loan by such Lender (as determined by such Lender in good
faith, which determination shall be conclusive), which in each case shall be due and payable
on each date on which interest is payable on such Loan, provided Borrower shall have
received at least 10 days’ prior notice (with a copy to the Agent) of such additional
interest or costs from such Lender. If a Lender fails to give notice 10 days prior to the
relevant Interest Payment Date, such additional interest or costs shall be due and payable
10 days from receipt of such notice.



-27-









 





     3.05 Funding Losses. Upon demand of any Lender (with a copy to Agent) from time to time,
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 Loan other than a Base
Rate Loan on a day other than the last day of the Interest Period for such Loan (whether
voluntary, mandatory, automatic, by reason of acceleration, or otherwise); or




     (b) any failure by Borrower (for a reason other than the failure of such Lender to make
a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the
date or in the amount notified by Borrower; or




     (c) any assignment of a Eurodollar Rate Loan on a day other than the last day of the
Interest Period therefor as a result of a request by Borrower pursuant to Section
10.13;


including any loss of anticipated profits, any foreign exchange losses and any loss or expense
arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from
fees payable to terminate the deposits from which such funds were obtained or from the performance
of any foreign exchange contract. Borrower shall also pay any customary administrative fees
charged by such Lender in connection with the foregoing.



For purposes of calculating amounts payable by Borrower to 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 Loan by a matching deposit or other borrowing in the 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 Agent or any
Lender claiming compensation under this Article III and setting forth the calculation of
the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of
manifest error. In determining such amount, Agent or such Lender may use any reasonable averaging
and attribution methods.



     3.07 Survival. All of Borrower’s obligations under this Article III shall survive
termination of the Aggregate Commitments and repayment of all other Obligations hereunder.



ARTICLE IV




CONDITIONS PRECEDENT TO CREDIT EXTENSIONS




     4.01 Conditions of Initial Credit Extension. The obligation of each Lender to make its Credit
Extension on the Closing Date hereunder is subject to satisfaction of the following conditions
precedent:




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




     (i) executed counterparts of this Agreement and the Guaranty, sufficient in
number for distribution to Agent, each Lender and Borrower;



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     (ii) a Note executed by Borrower in favor of each Lender requesting a Note;




     (iii) such certificates of resolutions or other action, incumbency certificates
and/or other certificates of Responsible Officers of each Loan Party as Agent may
require evidencing the identity, authority and capacity of each Responsible Officer
thereof authorized to act as a Responsible Officer in connection with this Agreement
and the other Loan Documents to which such Loan Party is a party;




     (iv) such documents and certificates as Agent may reasonably require to
evidence that each Loan Party is duly organized or formed and that Borrower and each
Guarantor is, validly existing and in good standing in its jurisdiction of
organization;




     (v) a favorable opinion of counsel to the Loan Parties acceptable to Agent,
addressed to Agent and each Lender, as to such matters concerning the Loan Parties
and the Loan Documents in form and substance satisfactory to Agent;




     (vi) a certificate of a Responsible Officer of each Loan Party either (A)
attaching copies of all consents, licenses and approvals required in connection with
the execution, delivery and performance by such Loan Party and the validity against
such Loan Party of the Loan Documents to which it is a party, and such consents,
licenses and approvals shall be in full force and effect, or (B) stating that no
such consents, licenses or approvals are so required;




     (vii) a certificate signed by a Responsible Officer of Borrower certifying (A)
that the conditions specified in Sections 4.02(a) and (b) have been
satisfied, and (B) that there has been no event or circumstance since the date of
the Audited Financial Statements that has had or could reasonably be expected to
have a Material Adverse Effect, and (C) a calculation of the financial covenants set
forth in Section 7.12 as of the last day of the fiscal quarter of Borrower
ended on or about June 28, 2008;




     (viii) evidence that all insurance required to be maintained pursuant to the
Loan Documents has been obtained and is in effect;




     (ix) evidence that the Credit Agreement dated as of July 21, 2006, as amended
or modified, among Borrower, Bank of America, as agent and a syndicate of lenders
(the “Existing Credit Agreement”) has been or concurrently with the Closing
Date is being amended in form and substance satisfactory to the Agent; and




     (x) such other assurances, certificates, documents, consents or opinions as
Agent or the Required Lenders reasonably may require.




     (b) Any fees required to be paid on or before the Closing Date shall have been paid.




     (c) Unless waived by Agent, Borrower shall have paid all Attorney Costs of Agent to the
extent invoiced prior to or on the Closing Date, plus such additional amounts of Attorney
Costs as shall constitute its reasonable estimate of Attorney Costs incurred or to be
incurred by it through the closing proceedings (provided that such estimate shall not
thereafter preclude a final settling of accounts between Borrower and Agent).




     (d) The Closing Date shall have occurred on or before September 30, 2008.



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     Without limiting the generality of the provisions of Section 9.04, for purposes of
determining compliance with the conditions specified in this Section 4.01, each Lender that
has signed this Agreement shall be deemed to have consented to, approved or accepted or to be
satisfied with, each document or other matter required thereunder to be consented to or approved by
or acceptable or satisfactory to a Lender unless the Agent shall have received notice from such
Lender prior to the proposed Closing Date specifying its objection thereto.



     4.02 Conditions to all Credit Extensions and Conversions and Continuations. The obligation of
each Lender to honor any Request for Credit Extension (other than a Committed Loan Notice
requesting only a conversion of Committed Loans to the other Type, or a continuation of Eurodollar
Rate Loans) is subject to the following conditions precedent:




     (a) The representations and warranties of Borrower and each other Loan Party contained
in Article V or any other Loan Document, or which are contained in any document
furnished at any time under or in connection herewith, shall be true and correct on and as
of the date of such Credit Extension, conversion or continuation, except to the extent that
such representations and warranties specifically refer to an earlier date, in which case
they shall be true and correct as of such earlier date, and except that for purposes of this
Section 4.02, the representations and warranties contained in subsections (a), (b)
and (c) of Section 5.05 shall be deemed to refer to the most recent statements
furnished pursuant to clauses (a), (b) and (c), respectively, of Section 6.01.




     (b) No Default shall exist, or would result from such proposed Credit Extension,
conversion or continuation.




     (c) Agent shall have received a Request for Credit Extension in accordance with the
requirements hereof.




     (d) Agent shall have received, in form and substance satisfactory to it, such other
assurances, certificates, documents or consents related to the foregoing as Agent or the
Required Lenders reasonably may require.



     Each Request for Credit Extension (other than a Committed Loan Notice requesting only a
conversion of Committed Loans to the other Type or a continuation of Eurodollar Rate Loans)
submitted by Borrower shall be deemed to be a representation and warranty that the conditions
specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the
applicable Credit Extension.



ARTICLE V




REPRESENTATIONS AND WARRANTIES




     Borrower represents and warrants to Agent and Lenders that:



     5.01 Existence, Qualification and Power; Compliance with Laws. Each Loan Party (a) is 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 requisite
governmental licenses, authorizations, consents and approvals to (i) own its assets and carry on
its business and (ii) execute, deliver, and perform its obligations under the Loan Documents to
which it is a party, and (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



-30-









 




licenses, except in each case referred to in clause (b)(i) or (c), to the extent that failure
to do so could not reasonably be expected to have a Material Adverse Effect.




     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, (i) any Contractual Obligation to which such
Person is a party or (ii) any order, injunction, writ or decree of any Governmental Authority or
any arbitral award to which such Person or its property is subject; or (c) violate any Law.



     5.03 Governmental Authorization. No approval, consent, exemption, authorization, or other
action by, or notice to, or filing with, any Governmental Authority or any other Person is
necessary or required in connection with the execution, delivery or performance by, or enforcement
against, any Loan Party of this Agreement or any other Loan Document.



     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.



     5.05 Financial Statements; No Material Adverse Effect.




     (a) The Audited Financial Statements (i) were prepared in accordance with GAAP
consistently applied throughout the period covered thereby, except as otherwise expressly
noted therein; and (ii) fairly present the financial condition of Borrower and its
Subsidiaries as of the date thereof and their results of operations for the period covered
thereby in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein.




     (b) The Audited Financial Statements and the Borrower’s Form 10K filed with the SEC for
the fiscal year ended December 29, 2007 show all material indebtedness and other
liabilities, direct or contingent, of Borrower and its Subsidiaries as of the date thereof,
including liabilities for taxes, material commitments and Indebtedness as required to be
disclosed under the applicable rules and regulations promulgated or approved by the SEC.




     (c) The unaudited consolidated financial statements of Borrower and its Subsidiaries
dated June 28, 2008, and the related consolidated statements of income or operations,
shareholders’ equity and cash flows for the fiscal quarter ended on that date (i) were
prepared in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein; and (ii) fairly present the financial condition
of Borrower and its Subsidiaries as of the date thereof and their results of operations for
the period covered thereby, subject in the case of clauses (i) and (ii), to the absence of
footnotes and to normal year-end audit adjustments.




     (d) Since the date of the Audited Financial Statements, there has been no event or
circumstance, either individually or in the aggregate, that has had or could reasonably be
expected to have a Material Adverse Effect.



-31-









 






     (e) To the best knowledge of Borrower, no Internal Control Event exists or has occurred
since the date of the Audited Financial Statements that has resulted in or could reasonably
be expected to result in a misstatement in any material respect, in any financial
information delivered or to be delivered to the Agent or the Lenders, of (i) covenant
compliance calculations provided hereunder or (ii) the assets, liabilities, financial
condition or results of operations of Borrower and its Subsidiaries on a consolidated basis.



     5.06 Litigation. Except as specifically disclosed in Schedule 5.06 hereto, there are
no actions, suits, proceedings, claims or disputes pending or, to the knowledge of Borrower after
due and diligent investigation, threatened or contemplated, at law, in equity, in arbitration or
before any Governmental Authority, by or against Borrower or any of its Subsidiaries or against any
of their properties or revenues that (a) purport to affect or pertain to this Agreement or any
other Loan Document, or any of the transactions contemplated hereby, or (b) either individually or
in the aggregate, if determined adversely, could reasonably be expected to have a Material Adverse
Effect and there has been no adverse change in the status, or financial effect on any Loan Party or
any Subsidiary thereof, of the matters described on Schedule 5.06.



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



     5.08 Ownership of Property; Liens. Each of Borrower and each Subsidiary has good record and
marketable title in fee simple to, or valid leasehold interests in, all real property necessary or
used in the ordinary conduct of its business, except for such defects in title as could not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The
property of Borrower and its Subsidiaries is subject to no Liens, other than Liens permitted by
Section 7.01.



     5.09 Environmental Compliance. Borrower and its Subsidiaries conduct in the ordinary course
of business a review of the effect of existing Environmental Laws and claims alleging potential
liability or responsibility for violation of any Environmental Law on their respective businesses,
operations and properties, and as a result thereof Borrower has reasonably concluded that, except
as specifically disclosed in Schedule 5.09 hereto, such Environmental Laws and claims could
not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.



     5.10 Insurance. The properties of Borrower and its Subsidiaries are insured with financially
sound and reputable insurance companies not Affiliates of Borrower, in such amounts, after giving
effect to any self-insurance compatible with the following standards, with such deductibles and
covering such risks as are customarily carried by companies engaged in similar businesses and
owning similar properties in localities where Borrower or the applicable Subsidiary operates.



     5.11 Taxes. Borrower and its Subsidiaries 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 diligently conducted and for which adequate reserves have
been provided in accordance with GAAP. There is no proposed tax assessment against Borrower or any
Subsidiary that would, if made, have a Material Adverse Effect.



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     5.12 ERISA Compliance.




     (a) Each Plan is in compliance in all material respects with the applicable provisions
of ERISA, the Code and other Federal or state Laws. Each Plan that is intended to qualify
under Section 401(a) of the Code has received a favorable determination letter from the IRS
or an application for such a letter is currently being processed by the IRS with respect
thereto and, to the best knowledge of Borrower, nothing has occurred which would prevent, or
cause the loss of, such qualification. 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.




     (b) There are no pending or, to the best knowledge of 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. There has been no
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; (ii) no Pension
Plan has any Unfunded Pension Liability that could reasonably be expected to have a Material
Adverse Effect; (iii) neither Borrower nor any ERISA Affiliate has incurred, or reasonably
expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan
(other than premiums due and not delinquent under Section 4007 of ERISA); (iv) neither
Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability
(and no event has occurred which, with the giving of notice under Section 4219 of ERISA,
would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a
Multiemployer Plan; and (v) neither Borrower nor any ERISA Affiliate has engaged in a
transaction that could be subject to Sections 4069 or 4212(c) of ERISA.



     5.13 Subsidiaries. As of the Closing Date, Borrower has no Subsidiaries other than those
specifically disclosed in Part (a) of Schedule 5.13, and all of the outstanding
Equity Interests in such Subsidiaries have been validly issued, are fully paid and nonassessable
and are owned by a Loan Party in the amounts specified on Part (a) of Schedule 5.13
free and clear of all Liens. Borrower has no equity investments in any other corporation or entity
other than those specifically disclosed in Part (b) of Schedule 5.13.



     5.14 Disclosure. Borrower has disclosed to Agent and Lenders all agreements, instruments and
corporate or other restrictions to which it or any of its Subsidiaries is subject, and all other
matters known to it, that, individually or in the aggregate, could reasonably be expected to result
in a Material Adverse Effect. No report, financial statement, certificate or other information
furnished (whether in writing or orally) by or on behalf of any Loan Party in connection with any
Loan Document to Agent or any Lender in connection with the transactions contemplated hereby and
the negotiation of this Agreement or delivered hereunder (as modified or supplemented by other
information so furnished) contains any material misstatement of fact or omits to state any material
fact required to be stated therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading.



     5.15 Compliance with Laws. Borrower, each Subsidiary and each other Loan Party is in
compliance in all material respects with the requirements of all Laws and all orders, writs,
injunctions and decrees applicable to it or to its properties, except in such instances in which
(a) such requirement of Law or order, writ, injunction or decree is being contested in good faith
by appropriate proceedings diligently



-33-









 




conducted or (b) the failure to comply therewith, either individually or in the aggregate,
could not reasonably be expected to have a Material Adverse Effect.




     5.16 Margin Regulations; Investment Company Act. Borrower is not engaged and will not 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 FRB), or extending credit for the purpose
of purchasing or carrying margin stock. Following the application of the proceeds of each
Borrowing, not more than 25% of the value of the assets (either of Borrower only or of Borrower and
its Subsidiaries on a consolidated basis) subject to the provisions of Section 7.01 or
Section 7.05 or subject to any restriction contained in any agreement or instrument between
Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness and within the
scope of Section 8.01(e) will be margin stock.



     5.17 Taxpayer Identification Number; Other Identifying Information. The true and correct U.S.
taxpayer identification number of (i) Borrower is set forth on Schedule 10.02 and (ii) each
subsidiary that is a Domestic Subsidiary and a Guarantor on the Closing Date is set forth on
Schedule 5.13.



     5.18 Intellectual Property; Licenses, Etc. Borrower and its Subsidiaries own, or possess the
right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent
rights, franchises, licenses and other intellectual property rights (collectively, “IP
Rights”) that are reasonably necessary for the operation of their respective businesses,
without conflict with the rights of any other Person. To the best knowledge of Borrower, no slogan
or other advertising device, product, process, method, substance, part or other material now
employed, or now contemplated to be employed, by Borrower or any Subsidiary infringes upon any
rights held by any other Person. Except as specifically disclosed in Schedule 5.18, no
claim or litigation regarding any of the foregoing is pending or, to the best knowledge of
Borrower, threatened, which, either individually or in the aggregate, could reasonably be expected
to have a Material Adverse Effect.



     5.19 Tax Shelter Regulations. Borrower does not intend to treat the Loans and related
transactions as being a “reportable transaction” (within the meaning of Treasury Regulation Section
1.6011-4). In the event Borrower determines to take any action inconsistent with such intention,
it will promptly notify Agent thereof. If Borrower so notifies Agent, Borrower acknowledges that
one or more of Lenders may treat its Committed Loans as part of a transaction that is subject to
Treasury Regulation Section 301.6112-1, and such Lender or Lenders, as applicable, will maintain
the lists and other records required by such Treasury Regulation.



ARTICLE VI




AFFIRMATIVE COVENANTS




     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation shall
remain unpaid or unsatisfied, Borrower shall, and shall (except in the case of the covenants set
forth in Sections 6.01, 6.02, 6.03 and 6.11) cause each Subsidiary
to:



     6.01 Financial Statements. Deliver to Agent a sufficient number of copies for delivery by
Agent to each Lender, of the following, in form and detail satisfactory to Agent and the Required
Lenders:




     (a) as soon as available, but in any event within 90 days after the end of each fiscal
year of Borrower, a consolidated balance sheet of Borrower and its Subsidiaries as at the
end of such fiscal year, and the related consolidated statements of income or operations,
shareholders’



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equity and cash flows for such fiscal year, setting forth in each case in comparative
form the figures for the previous fiscal year, all in reasonable detail and prepared in
accordance with GAAP, audited and accompanied by (i) a report and opinion of a Registered
Public Accounting Firm of nationally recognized standing reasonably acceptable to the
Required Lenders, which report and opinion shall be prepared in accordance with generally
accepted auditing standards and applicable Securities Laws and shall not be subject to any
“going concern” or like qualification or exception or any qualification or exception as to
the scope of such audit or with respect to the absence of any material misstatement and (ii)
an opinion of such Registered Public Accounting Firm independently assessing Borrower’s
internal controls over financial reporting in accordance with Item 308 of SEC Regulation
S-K, PCAOB Auditing Standard No. 2, and Section 404 of Sarbanes-Oxley expressing a
conclusion that contains no statement that there is a material weakness in such internal
controls, except for such weaknesses that could not reasonably be expected to have a
Material Adverse Effect;




     (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 Borrower, a consolidated balance sheet of
Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related
consolidated statements of income or operations, shareholders’ equity and cash flows for
such fiscal quarter and for the portion of Borrower’s fiscal year then ended, setting forth
in each case in comparative form the figures for the corresponding fiscal quarter of the
previous fiscal year and the corresponding portion of the previous fiscal year, all in
reasonable detail and certified by a Responsible Officer of Borrower as fairly presenting
the financial condition, results of operations, shareholders equity and cash flows of
Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit
adjustments and the absence of footnotes; and




     (c) as soon as available, but in any event not later than the last Business Day in
February of each year, a copy of the plan and forecast (including a projected consolidated
and consolidating balance sheet, income statement and funds flow statement) of Borrower and
its Subsidiaries for such year.



     6.02 Certificates; Other Information. Deliver to Agent a sufficient number of copies for
delivery to each Lender, of the following, in form and detail satisfactory to Agent and the
Required Lenders:




     (a) concurrently with the delivery of the financial statements referred to in
Section 6.01(a), a certificate of the Registered Public Accounting Firm certifying
such financial statements and stating that in making the examination necessary therefor no
knowledge was obtained of any Default or, if any such Default shall exist, stating the
nature and status of such event;




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




     (c) promptly after any request by the Agent or any Lender, copies of any detailed audit
reports, management letters or recommendations submitted to the board of directors (or the
audit committee of the board of directors) of Borrower by independent accountants in
connection with the accounts or books of Borrower or any Subsidiary, or any audit of any of
them;




     (d) promptly after the same are available, copies of each annual report, proxy or
financial statement or other report or communication sent to the stockholders of Borrower,
and




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copies of all annual, regular, periodic and special reports and registration statements
which 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 Agent pursuant hereto;




     (e) promptly after Borrower has notified Agent of any intention by Borrower to treat
the Loans and related transactions as being a “reportable transaction” (within the meaning
of Treasury Regulation Section 1.6011-4), a duly completed copy of IRS Form 8886 or any
successor form; and




     (f) promptly, such additional information regarding the business, financial or
corporate affairs of Borrower or any Subsidiary, or compliance with the terms of the Loan
Documents, as Agent or any Lender may from time to time reasonably request.



     Documents required to be delivered pursuant to Section 6.01(a) or (b) or
Section 6.02(d) (to the extent any such documents are included in materials otherwise filed
with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been
delivered on the date (i) on which Borrower posts such documents, or provides a link thereto on
Borrower’s website on the Internet at the website address listed on Schedule 10.02; or (ii)
on which such documents are posted on Borrower’s behalf on an Internet or intranet website, if any,
to which each Lender and the Agent have access (whether a commercial, third-party website or
whether sponsored by the Agent); provided that: (i) Borrower shall deliver paper copies of
such documents to the Agent or any Lender that requests Borrower to deliver such paper copies until
a written request to cease delivering paper copies is given by the Agent or such Lender and (ii)
Borrower shall notify the Agent and each Lender (by telecopier or electronic mail) of the posting
of any such documents and provide to the Agent by electronic mail electronic versions
(i.e., soft copies) of such documents. Notwithstanding anything contained herein, in every
instance Borrower shall be required to provide paper copies of the Compliance Certificates required
by Section 6.02(b) to the Agent. Except for such Compliance Certificates, the Agent shall
have no obligation to request the delivery or to maintain copies of the documents referred to
above, and in any event shall have no responsibility to monitor compliance by Borrower with any
such request for delivery, and each Lender shall be solely responsible for requesting delivery to
it or maintaining its copies of such documents.



     Borrower hereby acknowledges that (a) the Agent and/or the Arranger will make available to the
Lenders and the Agent materials and/or information provided by or on behalf of Borrower hereunder
(collectively, “Borrower Materials”) by posting Borrower Materials on IntraLinks or another
similar electronic system (the “Platform”) and (b) certain of the Lenders may be
“public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information
with respect to Borrower or its securities) (each, a “Public Lender”). Borrower hereby
agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be
clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC”
shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,”
Borrower shall be deemed to have authorized the Agent, the Arranger, and the Lenders to treat
Borrower Materials as not containing any material non-public information with respect to Borrower
or their respective securities for purposes of United States Federal and state securities laws
(provided, however, that to the extent Borrower Materials constitute Information,
they shall be treated as set forth in Section 10.07); (y) all Borrower Materials marked
“PUBLIC” are permitted to be made available through a portion of the Platform designated “Public
Investor;” and (z) the Agent and the Arranger shall be entitled to treat Borrower Materials that
are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not
designated “Public Investor.” Notwithstanding the foregoing, Borrower shall not be under any
obligation to mark Borrower Materials “PUBLIC.”



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     6.03 Notices. Promptly notify Agent and each Lender:




     (a) of the occurrence of any Default;




     (b) of any matter that has resulted or could reasonably be expected to result in a
Material Adverse Effect, including (i) breach or non-performance of, or any default under, a
Contractual Obligation of Borrower or any Subsidiary; (ii) any dispute, litigation,
investigation, proceeding or suspension between Borrower or any Subsidiary and any
Governmental Authority; or (iii) the commencement of, or any material development in, any
litigation or proceeding affecting Borrower or any Subsidiary, including pursuant to any
applicable Environmental Laws;




     (c) the occurrence of any ERISA Event;




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




     (e) of the determination by the Registered Public Accounting Firm providing the opinion
required under Section 6.01(a)(ii) (in connection with its preparation of such
opinion) or Borrower’s determination at any time of the occurrence or existence of any
Internal Control Event.


Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer
of Borrower setting forth details of the occurrence referred to therein and stating what action
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 and any
other Loan Document that have been breached.




     6.04 Payment of Obligations. Pay and discharge as the same shall become due and payable, all
its obligations and liabilities, including (a) all tax liabilities, assessments and governmental
charges or levies upon it or its properties or assets, unless the same are being contested in good
faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP
are being maintained by Borrower or such Subsidiary; (b) all lawful claims which, if unpaid, would
by law become a Lien upon its property; and (c) all Indebtedness, as and when due and payable, but
subject to any subordination provisions contained in any instrument or agreement evidencing such
Indebtedness.



     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 (i) in a transaction permitted by Section 7.04 or 7.05, and
(ii) in the case of Subsidiaries, where the failure to do so could not reasonably be expected to
have a Material Adverse Effect; (b) take all reasonable action to maintain all rights,
privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its
business, except to the extent that failure to do so could not reasonably be expected to have a
Material Adverse Effect; and (c) preserve or renew all of its registered patents, trademarks, trade
names and service marks, the non-preservation of which could reasonably be expected to have a
Material Adverse Effect.



     6.06 Maintenance of Properties. (a) Maintain, preserve and protect all of its material
properties and equipment necessary in the operation of its business in good working order and
condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and
replacements thereof except where the failure to do so 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.



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     6.07 Maintenance of Insurance. Maintain with financially sound and reputable insurance
companies not Affiliates of Borrower, insurance with respect to its properties and business against
loss or damage of the kinds customarily insured against by Persons engaged in the same or similar
business, of such types and in such amounts (after giving effect to any self-insurance compatible
with the following standards) as are customarily carried under similar circumstances by such other
Persons and providing for not less than 30 days’ prior notice to Agent of termination, lapse or
cancellation of such insurance.



     6.08 Compliance with Laws. Comply in all material respects with the requirements of all Laws,
and all orders, writs, injunctions and decrees applicable to it or to its business or property,
except in such instances in which (a) such requirement of Law or order, writ, injunction or decree
is being contested in good faith by appropriate proceedings diligently conducted; or (b) the
failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.



     6.09 Books and Records.




     (a) Maintain proper books of record and account, in which full, true and correct
entries in conformity with GAAP consistently applied shall be made of all financial
transactions and matters involving the assets and business of Borrower or such Subsidiary,
as the case may be; and (b) maintain such books of record and account in material conformity
with all applicable requirements of any Governmental Authority having regulatory
jurisdiction over Borrower or such Subsidiary, as the case may be.



     6.10 Inspection Rights. Permit representatives and independent contractors of 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 directors, officers, and independent public accountants, all at the
expense of Borrower and at such reasonable times during normal business hours and as often as may
be reasonably desired, upon reasonable advance notice to Borrower; provided,
however, that when a Default exists Agent or any Lender (or any of their respective
representatives or independent contractors) may do any of the foregoing at the expense of Borrower
at any time during normal business hours and without advance notice.



     6.11 Use of Proceeds. Use the proceeds of the Credit Extension (i) to finance Permitted
Acquisitions (including the proposed Acquisition of Startco Engineering Ltd.), (ii) for working
capital, (iii) for capital expenditures, (iv) to refinance certain Indebtedness and (iv) for other
general corporate purposes not in contravention of any Law or of any Loan Document.



     6.12 Guarantors. Notify Agent at the time that any Person becomes a Domestic Subsidiary, and
promptly thereafter (and in any event within 30 days), cause such Person to (a) become a Guarantor
by executing and delivering Agent a counterpart of the Guaranty or such other document as Agent
shall deem appropriate for such purpose, and (b) deliver to Agent documents of the types referred
to in clauses (iii) and (iv) of Section 4.01(a) and favorable opinions of counsel to such
Person (which shall cover, among other things, the legality, validity, binding effect and
enforceability of the documentation referred to in clause (a)), all in form, content and scope
reasonably satisfactory to Agent.



ARTICLE VII




NEGATIVE COVENANTS




     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder shall remain unpaid or unsatisfied, Borrower shall not, nor shall it permit any
Subsidiary to, directly or indirectly:



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     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 date hereof and listed on Schedule 7.01 and any
renewals or extensions thereof, provided that (i) the property covered thereby is
not changed, (ii) the amount secured or benefited thereby is not increased except as
contemplated by Section 7.03(b), (iii) the direct or any contingent obligor with
respect thereto is not changed, and (iv) any renewal or extension of the obligations secured
or benefited thereby is permitted by Section 7.03(b);




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




     (d) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like
Liens arising in the ordinary course of business which are not overdue for a period of more
than 30 days or which are being contested in good faith and by appropriate proceedings
diligently conducted, if adequate reserves with respect thereto are maintained on the books
of the applicable Person in accordance with GAAP;




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




     (f) deposits to secure the performance of bids, trade contracts and leases (other than
Indebtedness), statutory obligations, surety bonds (other than bonds related to judgments or
litigation), performance bonds and other obligations of a like nature incurred in the
ordinary course of business;




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




     (h) Liens securing judgments for the payment of money not constituting an Event of
Default under Section 8.01(h) or securing appeal or other surety bonds relating to
such judgments; and




     (i) liens securing Indebtedness permitted under Section 7.03(e);
provided that (i) such Liens do not at any time encumber any property other than the
property financed by such Indebtedness and (ii) the Indebtedness secured thereby does not
exceed the cost or fair market value, whichever is lower, of the property being acquired on
the date of acquisition.



     7.02 Investments. Make any Investments, except:




     (a) Investments held by Borrower or such Subsidiary in the form of cash equivalents or
short-term marketable debt securities;




     (b) Permitted Acquisitions;



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     (c) Investments of Borrower in any Guarantor which is a wholly-owned Domestic
Subsidiary and Investments of any Guarantor in Borrower or in another Guarantor which is a
wholly-owned Subsidiary;




     (d) Investments of any Foreign Subsidiary in any other Foreign Subsidiary or in
Borrower or any wholly-owned Guarantor;




     (e) Investments of Borrower or any Guarantor in any Foreign Subsidiary;
provided, however, that such Investments to the extent made after the
Closing Date shall not at any time exceed 50% of Consolidated Net Worth at such time;




     (f) Investments consisting of extensions of credit in the nature of accounts receivable
or notes receivable arising from the grant of trade credit in the ordinary course of
business, and Investments received in satisfaction or partial satisfaction thereof from
financially troubled account debtors to the extent reasonably necessary in order to prevent
or limit loss; and




     (g) Guarantees permitted by Section 7.03;


it being understood that the Guarantee by Borrower of obligations of Subsidiaries that are
permitted to be incurred under this Agreement shall not be deemed Investments restricted by this
Section 7.02.




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




     (a) Indebtedness under the Loan Documents;




     (b) Indebtedness under the Existing Credit Agreement and other Indebtedness outstanding
on the date hereof and listed on Schedule 7.03 hereto and any refinancings,
refundings, renewals or extensions thereof; provided that the amount of such
Indebtedness is not increased at the time of such refinancing, refunding, renewal or
extension except by an amount equal to a reasonable premium or other reasonable amount paid,
and fees and expenses reasonably incurred, in connection with such refinancing and by an
amount equal to any existing commitments unutilized thereunder;




     (c) Guarantees of Borrower or any Subsidiary in respect of Indebtedness otherwise
permitted hereunder of Borrower or any Subsidiary;




     (d) obligations (contingent or otherwise) of Borrower or any Subsidiary existing or
arising under any Swap Contract, provided that (i) such obligations are (or were)
entered into by such Person in the ordinary course of business for the purpose of directly
mitigating risks associated with liabilities, commitments, investments, assets, or property
held or reasonably anticipated by such Person, or changes in the value of securities issued
by such Person and not for purposes of speculation or taking a “market view;” and (ii) such
Swap Contract does not contain any provision exonerating the non-defaulting party from its
obligation to make payments on outstanding transactions to the defaulting party;




     (e) Indebtedness in respect of capital leases, Synthetic Lease Obligations and purchase
money obligations for fixed assets within the limitations set forth in Section
7.01(i); provided, however, that the aggregate amount of all such
Indebtedness at any one time outstanding shall not exceed 10% of Consolidated Net Worth at
such time; and



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     (f) such additional unsecured Indebtedness incurred by Borrower or any Subsidiary as
would not cause the Consolidated Leverage Ratio to exceed 3.0 to 1.0 as of the date of
incurrence.



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




     (a) any Subsidiary may merge with (i) Borrower, provided that Borrower shall be
the continuing or surviving Person, or (ii) any one or more other Subsidiaries,
provided that when any wholly-owned Subsidiary is merging with another Subsidiary,
the wholly-owned Subsidiary shall be the continuing or surviving Person, and further
provided that if a Guarantor is merging with another Subsidiary, the Guarantor shall
be the continuing or surviving Person; and




     (b) any Subsidiary may dispose of all or substantially all of its assets (upon
voluntary liquidation or otherwise), to Borrower or to another Subsidiary; provided
that if the transferor in such a transaction is a wholly-owned Subsidiary, then the
transferee must also be a wholly-owned Subsidiary, and further provided that
if the transferor of such assets is a Guarantor, the transferee thereof must either be
Borrower or a Guarantor;



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




     (a) Dispositions of obsolete or worn out property, whether now owned or hereafter
acquired, in the ordinary course of business;




     (b) Dispositions of inventory in the ordinary course of business;




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




     (d) Dispositions of property by any Subsidiary to Borrower or to a wholly-owned
Subsidiary, provided that if the transferor of such property is a Guarantor, the transferee
thereof must either be Borrower or a Guarantor;




     (e) Dispositions permitted by Section 7.04; and




     (f) additional Dispositions provided that (i) such additional Dispositions shall not in
any fiscal year exceed 15% of Borrower’s consolidated assets as of the beginning of such
fiscal year, and (ii) no Default or Event of Default shall exist immediately before or after
giving effect thereto;



     provided, however, that any Disposition pursuant to clauses (a) through (f)
shall be for fair market value.



     7.06 Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment, or
incur any obligation (contingent or otherwise) to do so, except that:



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     (a) each Subsidiary may make Restricted Payments to Borrower and to wholly-owned
Subsidiaries (and, in the case of a Restricted Payment by a non-wholly-owned Subsidiary, to
Borrower and any Subsidiary and to each other owner of capital stock or other equity
interests of such Subsidiary on a pro rata basis based on their relative ownership
interests);




     (b) Borrower and each Subsidiary may declare and make dividend payments or other
distributions payable solely in the common stock or other common equity interests of such
Person; and




     (c) Borrower may declare or pay cash dividends to its stockholders and purchase, redeem
or otherwise acquire shares of its capital stock or warrants, rights or options to acquire
any such shares for cash, provided that immediately after giving effect to such proposed
action, no Default or Event of Default shall exist.


To the extent Borrower shall have purchased or otherwise acquired shares of its capital stock
pursuant to this Section 7.06, nothing herein shall prohibit the cancellation or retirement
by Borrower of such shares.




     7.07 Change in Nature of Business. Engage in any material line of business substantially
different from those lines of business conducted by Borrower and its Subsidiaries on the date
hereof.



     7.08 Transactions with Affiliates. Enter into any transaction of any kind with any Affiliate
of Borrower, whether or not in the ordinary course of business, other than on fair and reasonable
terms substantially as favorable to Borrower or such Subsidiary as would be obtainable by Borrower
or such Subsidiary at the time in a comparable arm’s length transaction with a Person other than an
Affiliate, provided that the foregoing restriction shall not apply to transactions between
or among Borrower and any of its wholly-owned Subsidiaries or between and among any wholly-owned
Subsidiaries.



     7.09 Burdensome Agreements. Enter into any Contractual Obligation (other than this Agreement
or any other Loan Document) that (a) limits the ability (i) of any Subsidiary to make Restricted
Payments to Borrower or any Guarantor or to otherwise transfer property to Borrower or any
Guarantor, (ii) of any Subsidiary to Guarantee the Indebtedness of Borrower or (iii) of Borrower or
any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person;
provided, however, that this clause (iii) shall not prohibit any negative pledge
incurred or provided in favor of any holder of Indebtedness permitted under Section 7.03(e)
so long as such negative pledge is on then-market terms and otherwise customary for such
Indebtedness; or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien
is granted to secure another obligation of such Person. Notwithstanding anything herein to the
contrary, the provisions of this Section 7.09 shall not apply to the Existing Credit Agreement, the
Note Purchase Agreement or the notes issued thereunder or the transactions contemplated thereby.



     7.10 Margin Regulations. Use the proceeds of any Credit Extension, 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 of Governors of the Federal Reserve System of the
United States) or to extend credit to others for the purpose of purchasing or carrying margin stock
or to refund indebtedness originally incurred for such purpose.



     7.11 Capital Expenditures. If a Default or a Event of Default has occurred and is continuing,
expend, or be committed to expend for Consolidated Capital Expenditures (including, without
limitation, for the acquisition of fixed assets) during any fiscal year in excess of the amount of
Consolidated Capital Expenditures estimated to be expended in such fiscal year by Borrower in the
projections delivered to the Lenders pursuant to Section 6.01(c).



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     7.12 Financial Covenants.




     (a) Consolidated Leverage Ratio. Permit its Consolidated Leverage Ratio at the
end of any fiscal quarter to exceed 3.00:1.0.




The Consolidated Leverage Ratio will be calculated at the end of each fiscal quarter for
which this Agreement requires Borrower to deliver financial statements, using the results of
the twelve month period ending with that fiscal quarter, it being understood that to the
extent any Acquisition shall have occurred during such period, the Consolidated Leverage
Ratio shall be calculated as if such Acquisition occurred at the beginning of such period.




     (b) Consolidated Interest Coverage Ratio. Permit its Consolidated Interest
Coverage Ratio at the end of any fiscal quarter to be less than 3.0:1.0. The Consolidated
Interest Coverage Ratio will be calculated at the end of each fiscal quarter for which this
Agreement requires Borrower to deliver financial statements, using the results of the twelve
month period ending with that fiscal quarter.



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. Borrower or any other Loan Party fails to pay (i) when and as
required to be paid herein any amount of principal of any Loan or (ii) within three days
after the same becomes due, any interest on any Loan, or any fee due hereunder, or (iii)
within five days after the same becomes due, any other amount payable hereunder or under any
other Loan Document; or




     (b) Specific Covenants. Borrower fails to perform or observe any term,
covenant or agreement contained in any of Section 6.01, 6.02,
6.03, 6.05, 6.10, 6.11 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 or
any default or event of default occurs under any other Loan Document; or




     (d) Representations and Warranties. Any representation, warranty,
certification or statement of fact made or deemed made by or on behalf of Borrower or any
other Loan Party herein, in any other Loan Document, or in any document delivered in
connection herewith or therewith shall be incorrect or misleading in any material respect
when made or deemed made; or




     (e) Cross-Default. (i) Borrower or any Subsidiary (A) fails to make any
payment when due (whether by scheduled maturity, required prepayment, acceleration, demand,
or otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder
and Indebtedness under Swap Contracts) having an aggregate principal amount (including
undrawn committed or available amounts and including amounts owing to all creditors under
any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B)
fails to observe or perform any other agreement or condition relating to any such
Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing
or relating thereto, or any other event occurs, the effect of which default or other event
is to cause, or to permit the



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holder or holders of such Indebtedness or the beneficiary or beneficiaries of such
Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or
beneficiaries) to cause, with the giving of notice if required, such Indebtedness to be
demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically
or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be
made prior to its stated maturity, or such Guarantee to become payable or cash collateral in
respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early
Termination Date (as defined in such Swap Contract) resulting from (A) any event of default
under such Swap Contract as to which Borrower or any Subsidiary is the Defaulting Party (as
defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap
Contract as to which Borrower or any Subsidiary is an Affected Party (as so defined) and, in
either event, the Swap Termination Value owed by Borrower or such Subsidiary as a result
thereof is greater than the Threshold Amount; or




     (f) Insolvency Proceedings, Etc. Any Loan Party or any of its Subsidiaries
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, trustee, custodian, conservator, liquidator, rehabilitator or
similar officer for it or for all or any material part of its property; or 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 any proceeding under any Debtor Relief Law relating to
any such Person or to all or any material part of its property is instituted without the
consent of such Person and continues undismissed or unstayed for 60 calendar days, or an
order for relief is entered in any such proceeding; or




     (g) Inability to Pay Debts; Attachment. (i) Borrower or any Subsidiary becomes
unable or admits in writing its inability or fails generally to pay its debts as they become
due, or (ii) any writ or warrant of attachment or execution or similar process is issued or
levied against all or any material part of the property of any such Person and is not
released, vacated or fully bonded within 30 days after its issue or levy; or




     (h) Judgments. There is entered against Borrower or any Subsidiary (i) one or
more final judgments or orders for the payment of money in an aggregate amount exceeding the
Threshold Amount (to the extent not covered by independent third-party insurance as to which
the insurer does not dispute coverage), or (ii) any one or more non-monetary final judgments
that have, or could reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by
any creditor upon such judgment or order, or (B) there is a period of 10 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) 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 Borrower under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in
an aggregate amount in excess of the Threshold Amount, or (ii) Borrower or any ERISA
Affiliate fails to pay when due, after the expiration of any applicable grace period, any
installment payment with respect to its withdrawal liability under Section 4201 of ERISA
under a Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or




     (j) Invalidity of Loan Documents. Any Loan Document, at any time after its
execution and delivery and for any reason other than as expressly permitted hereunder or
satisfaction in full of all the Obligations, ceases to be in full force and effect; or any
Loan Party or any other Person contests in any manner the validity or enforceability of any
Loan Document; or



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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; or




     (k) Change of Control. There occurs any Change of Control with respect to
Borrower.



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




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




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


provided, however, that upon the occurrence of an actual or deemed entry of an
order for relief with respect to Borrower under the Bankruptcy Code of the United States, the
unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid
shall automatically become due and payable, in each case without further act of Agent or any
Lender.




     8.03 Application of Funds. After the exercise of remedies provided for in Section
8.02 (or after the Loans have automatically become immediately due and payable), any amounts
received on account of the Obligations shall be applied by Agent in the following order:



     First, to payment of that portion of the Obligations constituting fees, indemnities,
expenses and other amounts (including Attorney Costs and amounts payable under Article III)
payable to Agent in its capacity as such;



     Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal and interest) payable to Lenders (including Attorney Costs
and amounts payable under Article III), ratably among them in proportion to the amounts described
in this clause Second payable to them;



     Third, to payment of that portion of the Obligations constituting accrued and unpaid
interest on the Loans, ratably among Lenders in proportion to the respective amounts described in
this clause Third payable to them;



     Fourth, to payment of that portion of the Obligations constituting unpaid principal of
the Loans, ratably among Lenders in proportion to the respective amounts described in this clause
Fourth held by them; and



     Last, the balance, if any, after all of the Obligations have been indefeasibly paid in
full, to Borrower or as otherwise required by Law.



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ARTICLE IX




AGENT




     9.01 Appointment and Authorization of Agent. Each of the Lenders hereby irrevocably appoints
JPMorgan to act on its behalf as the Agent hereunder and under the other Loan Documents and
authorizes the Agent to take such actions on its behalf and to exercise such powers as are
delegated to the Agent by the terms hereof or thereof, together with such actions and powers as are
reasonably incidental thereto. The provisions of this Article are solely for the benefit of the
Agent and the Lenders and Borrower shall no have rights as a third party beneficiary of any of such
provisions.



     9.02 Rights as a Lender. The Person serving as the Agent hereunder shall have the same rights
and powers in its capacity as a Lender as any other Lender and may exercise the same as though it
were not the Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated
or unless the context otherwise requires, include the Person serving as the Agent hereunder in its
individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act
as the financial advisor or in any other advisory capacity for and generally engage in any kind of
business with Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the
Agent hereunder and without any duty to account therefor to the Lenders.



     9.03 Exculpatory Provisions. The Agent shall not have any duties or obligations except those
expressly set forth herein and in the other Loan Documents. Without limiting the generality of the
foregoing, the Agent:




     (a) shall not be subject to any fiduciary or other implied duties, regardless of
whether a Default has occurred and is continuing;




     (b) shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated hereby
or by the other Loan Documents that the Agent is required to exercise as directed in writing
by the Required Lenders (or such other number or percentage of the Lenders as shall be
expressly provided for herein or in the other Loan Documents), provided that the
Agent shall not be required to take any action that, in its opinion or the opinion of its
counsel, may expose the Agent to liability or that is contrary to any Loan Document or
applicable law; and




     (c) shall not, except as expressly set forth herein and in the other Loan Documents,
have any duty to disclose, and shall not be liable for the failure to disclose, any
information relating to Borrower or any of its Affiliates that is communicated to or
obtained by the Person serving as the Agent or any of its Affiliates in any capacity.



     The Agent shall not be liable for any action taken or not taken by it (i) with the consent or
at the request of the Required Lenders (or such other number or percentage of the Lenders as shall
be necessary, or as the Agent shall believe in good faith shall be necessary, under the
circumstances as provided in Sections 10.01 and 8.02) or (ii) in the absence of its
own gross negligence or willful misconduct. The Agent shall be deemed not to have knowledge of any
Default unless and until notice describing such Default is given to the Agent by Borrower or a
Lender.



     The Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any
statement, warranty or representation made in or in connection with this Agreement or any other
Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder
or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of
the covenants,



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agreements or other terms or conditions set forth herein or therein or the occurrence of any
Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any
other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any
condition set forth in Article IV or elsewhere herein, other than to confirm receipt of
items expressly required to be delivered to the Agent.



     9.04 Reliance by Agent.



     The Agent shall be entitled to rely upon, and shall not incur any liability for relying upon,
any notice, request, certificate, consent, statement, instrument, document or other writing
(including any electronic message, Internet or intranet website posting or other distribution)
believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper
Person. The Agent also may rely upon any statement made to it orally or by telephone and believed
by it to have been made by the proper Person, and shall not incur any liability for relying
thereon. In determining compliance with any condition hereunder to the making of a Loan that by
its terms must be fulfilled to the satisfaction of a Lender, the Agent may presume that such
condition is satisfactory to such Lender unless the Agent shall have received notice to the
contrary from such Lender prior to the making of such Loan. The Agent may consult with legal
counsel (who may be counsel for Borrower), independent accountants and other experts selected by
it, and shall not be liable for any action taken or not taken by it in accordance with the advice
of any such counsel, accountants or experts.



     9.05 Delegation of Duties. The Agent may perform any and all of its duties and exercise its
rights and powers hereunder or under any other Loan Document by or through any one or more sub
agents appointed by the Agent. The Agent and any such sub agent may perform any and all of its
duties and exercise its rights and powers by or through their respective Related Parties. The
exculpatory provisions of this Article shall apply to any such sub agent and to the Related Parties
of the Agent and any such sub agent, and shall apply to their respective activities in connection
with the syndication of the credit facilities provided for herein as well as activities as Agent.



     9.06 Resignation of Agent. The Agent may at any time give notice of its resignation to the
Lenders and Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall
have the right, in consultation with Borrower, to appoint a successor, which shall be a bank with
an office in the United States, or an Affiliate of any such bank with an office in the United
States. If no such successor shall have been so appointed by the Required Lenders and shall have
accepted such appointment within 30 days after the retiring Agent gives notice of its resignation,
then the retiring Agent may on behalf of the Lenders, appoint a successor Agent meeting the
qualifications set forth above; provided that if the Agent shall notify Borrower and the
Lenders that no qualifying Person has accepted such appointment, then such resignation shall
nonetheless become effective in accordance with such notice and (1) the retiring Agent shall be
discharged from its duties and obligations hereunder and under the other Loan Documents, and (2)
all payments, communications and determinations provided to be made by, to or through the Agent
shall instead be made by or to each Lender directly, until such time as the Required Lenders
appoint a successor Agent as provided for above in this Section. Upon the acceptance of a
successor’s appointment as Agent hereunder, such successor shall succeed to and become vested with
all of the rights, powers, privileges and duties of the retiring (or retired) Agent, and the
retiring Agent shall be discharged from all of its duties and obligations hereunder or under the
other Loan Documents (if not already discharged therefrom as provided above in this Section). The
fees payable by Borrower to a successor Agent shall be the same as those payable to its predecessor
unless otherwise agreed between Borrower and such successor. After the retiring Agent’s
resignation hereunder and under the other Loan Documents, the provisions of this Article and
Section 10.04 shall continue in effect for the benefit of such retiring Agent, its sub
agents and their respective Related Parties in respect of any actions taken or omitted to be taken
by any of them while the retiring Agent was acting as Agent.



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     9.07 Non-Reliance on Agent and Other Lenders. Each Lender acknowledges that it has,
independently and without reliance upon the Agent or any other Lender or any of their Related
Parties and based on such documents and information as it has deemed appropriate, made its own
credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it
will, independently and without reliance upon the Agent or any other Lender or any of their Related
Parties and based on such documents and information as it shall from time to time deem appropriate,
continue to make its own decisions in taking or not taking action under or based upon this
Agreement, any other Loan Document or any related agreement or any document furnished hereunder or
thereunder.



     9.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the book
managers, arrangers or syndication agents listed on the cover page hereof shall have any powers,
duties or responsibilities under this Agreement or any of the other Loan Documents, except in its
capacity, as applicable, as the Agent or a Lender.



     9.09 Agent May File Proofs of Claim. In case of the pendency of any proceeding under any
Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Agent
(irrespective of whether the principal of any Loan shall then be due and payable as herein
expressed or by declaration or otherwise and irrespective of whether the Agent shall have made any
demand on Borrower) shall be entitled and empowered, by intervention in such proceeding or
otherwise




     (a) to file and prove a claim for the whole amount of the principal and interest owing
and unpaid in respect of the Loans 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 Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders and the Agent and their respective agents and
counsel and all other amounts due the Lenders and the Agent under Sections
2.09 and 10.04) allowed in such judicial proceeding; and




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



     and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar
official in any such judicial proceeding is hereby authorized by each Lender to make such payments
to the Agent and, in the event that the Agent shall consent to the making of such payments directly
to the Lenders to pay to the Agent any amount due for the reasonable compensation, expenses,
disbursements and advances of the Agent and its agents and counsel, and any other amounts due the
Agent under Sections 2.09 and 10.04.



     Nothing contained herein shall be deemed to authorize the 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 to authorize the Agent to vote in
respect of the claim of any Lender in any such proceeding.



     9.10 Guaranty Matters. The Lenders irrevocably authorize the Agent, at its option and in its
discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases
to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Agent at
any time, the Required Lenders will confirm in writing the Agent’s authority to release any
Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.



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ARTICLE X




MISCELLANEOUS




     10.01 Amendments, Etc. Except as provided in Section 2.14 with respect to an Incremental Loan
Amendment, no amendment or waiver of any provision of this Agreement or any other Loan Document,
and no consent to any departure by Borrower or any other Loan Party therefrom, shall be effective
unless in writing signed by the Required Lenders and Borrower or the applicable Loan Party, as the
case may be, and acknowledged by 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:




     (a) waive any condition set forth in Section 4.01(a) without the written
consent of each Lender; provided, however, in the sole discretion of the
Agent, only a waiver by Agent shall be required with respect to immaterial matters or items
specified in Section 4.01(a) (iii) or (iv) with respect to which
Borrower has given assurances satisfactory to Agent that such items shall be delivered
promptly following the Closing Date;




     (b) extend or increase the Commitment of any Lender (or reinstate any Commitment
terminated pursuant to Section 8.02) without the written consent of such Lender;




     (c) postpone any date fixed by this Agreement or any other Loan Document for any
payment (excluding mandatory prepayments) of principal, interest, fees or other amounts due
to Lenders (or any of them) hereunder or under any other Loan Document without the written
consent of each Lender directly affected thereby;




     (d) reduce the principal of, or the rate of interest specified herein on, any Loan, or
(subject to clause (ii) of the second proviso to this Section 10.01) any fees or
other amounts payable hereunder or under any other Loan Document without the written consent
of each Lender directly affected thereby; provided, however, that only the
consent of the Required Lenders shall be necessary (i) to amend the definition of “Default
Rate” or to waive any obligation of Borrower to pay interest at the Default Rate or (ii) 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 Loan or to reduce any fee
payable hereunder;




     (e) change Section 2.13 or Section 8.03 in a manner that would alter
the pro rata sharing of payments required thereby without the written consent of each
Lender;




     (f) change any provision of this Section or the definition of “Required Lenders” or any
other provision hereof specifying the number or percentage of Lenders required to amend,
waive or otherwise modify any rights hereunder or make any determination or grant any
consent hereunder, without the written consent of each Lender (it being understood that,
solely with the consent of the parties prescribed by Section 2.14 to be parties to
an Incremental Loan Amendment, Incremental Loans may be included in the determination of
Required Lenders on substantially the same basis as the Commitments and the Closing Date
Loans are included on the Effective Date); or




     (g) release any Guarantor from the Guaranty without the written consent of each Lender,
except for (i) releases pursuant to Section 9.10, and (ii) the release of any
Guarantor neither the assets nor revenues of which represent a material portion of the
consolidated assets or revenues of Borrower;



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and, provided further, that (i) no amendment, waiver or consent shall, unless in
writing and signed by Agent in addition to Lenders required above, affect the rights or duties of
Agent under this Agreement or any other Loan Document, as Agent; (ii) Section 10.06(h) may not be
amended, waived or otherwise modified without the consent of each Granting Lender all or any part
of whose Loans are being funded by an SPC at the time of such amendment, waiver or other
modification; (including, without limitation, any reduction in any fee, charge, expense, cost or
other amount payable to Agent for its own account under this Agreement in any such capacity); and
(iii) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing
executed only by the respective parties thereto. Notwithstanding anything to the contrary herein,
No Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent
hereunder, except that the Commitment of such Lender may not be increased or extended without the
consent of such Lender.




     10.02 Notices; Effectiveness; Electronic Communication.




     (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in subsection (b)
below), all notices and other communications provided for herein shall be in writing and
shall be delivered by hand or overnight courier service, mailed by certified or registered
mail or sent by telecopier as follows, and all notices and other communications expressly
permitted hereunder to be given by telephone shall be made to the applicable telephone
number, as follows:




     (i) if to Borrower or the Agent, to the address, telecopier number, electronic
mail address or telephone number specified for such Person on Schedule
10.02; and




     (ii) if to any other Lender, to the address, telecopier number, electronic mail
address or telephone number specified in its Administrative Questionnaire.




     Notices sent by hand or overnight courier service, or mailed by certified or registered
mail, shall be deemed to have been given when received; notices sent by telecopier shall be
deemed to have been given when sent (except that, if not given during normal business hours
for the recipient, shall be deemed to have been given at the opening of business on the next
business day for the recipient). Notices delivered through electronic communications to the
extent provided in subsection (b) below, shall be effective as provided in such subsection
(b).




     (b) Electronic Communications. Notices and other communications to the Lenders
and the Agent hereunder may be delivered or furnished by electronic communication (including
email and Internet or intranet websites) pursuant to procedures approved by the Agent,
provided that the foregoing shall not apply to notices to any Lender pursuant to
Article II if such Lender has notified the Agent that it is incapable of receiving
notices under such Article by electronic communication. The Agent or Borrower may, in its
discretion, agree to accept notices and other communications to it hereunder by electronic
communications pursuant to procedures approved by it, provided that approval of such
procedures may be limited to particular notices or communications.




     Unless the Agent otherwise prescribes, (i) notices and other communications sent to an
e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from
the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgement), provided that if such notice or
other communication is not sent during the normal business hours of the recipient, such
notice or communication shall be deemed to have been sent at the opening of business on the
next business day for the recipient, and (ii) notices or communications posted to an
Internet or intranet website shall be deemed



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received upon the deemed receipt by the intended recipient at its e-mail address as
described in the foregoing clause (i) of notification that such notice or communication is
available and identifying the website address therefor.




     (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE
AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF BORROWER
MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR
OMISSIONS FROM BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY,
INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE,
NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS
MADE BY ANY AGENT PARTY IN CONNECTION WITH BORROWER MATERIALS OR THE PLATFORM. In no event
shall the Agent or any of its Related Parties (collectively, the “Agent Parties”)
have any liability to Borrower, any Lender or any other Person for losses, claims, damages,
liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of
Borrower’s or the Agent’s transmission of Borrower Materials through the Internet, except to
the extent that such losses, claims, damages, liabilities or expenses are determined by a
court of competent jurisdiction by a final and nonappealable judgment to have resulted from
the gross negligence or willful misconduct of such Agent Party; provided,
however, that in no event shall any Agent Party have any liability to Borrower, any
Lender or any other Person for indirect, special, incidental, consequential or punitive
damages (as opposed to direct or actual damages).




     (d) Change of Address, Etc. Each of Borrower and the Agent may change its
address, telecopier or telephone number for notices and other communications hereunder by
notice to the other parties hereto. Each other Lender may change its address, telecopier or
telephone number for notices and other communications hereunder by notice to Borrower and
the Agent. In addition, each Lender agrees to notify the Agent from time to time to ensure
that the Agent has on record (i) an effective address, contact name, telephone number,
telecopier number and electronic mail address to which notices and other communications may
be sent and (ii) accurate wire instructions for such Lender.




     (e) Reliance by Agent and Lenders. The Agent and the Lenders shall be entitled
to rely and act upon any notices (including telephonic Committed Loan Notices) purportedly
given by or on behalf of 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. Borrower shall indemnify the Agent, each Lender and the
Related Parties of each of them from all losses, costs, expenses and liabilities resulting
from the reliance by such Person on each notice purportedly given by or on behalf of
Borrower. All telephonic notices to and other telephonic communications with the Agent may
be recorded by the 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 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 provided are
cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.



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     10.04 Expenses; Indemnity; Damage Waiver.




     (a) Costs and Expenses. Borrower shall pay (i) all reasonable out of pocket
expenses incurred by the Agent and its Affiliates (including the reasonable fees, charges
and disbursements of counsel for the Agent), in connection with the syndication of the
credit facilities provided for herein, the preparation, negotiation, execution, delivery and
administration of this Agreement and the other Loan Documents, or any amendments,
modifications or waivers of the provisions hereof or thereof (whether or not the
transactions contemplated hereby or thereby shall be consummated), and (ii) all out of
pocket expenses incurred by the Agent or any Lender (including the fees, charges and
disbursements of any counsel for the Agent or any Lender), in connection with the
enforcement or protection of its rights (A) in connection with this Agreement and the other
Loan Documents, including its rights under this Section, or (B) in connection with the Loans
made hereunder, including all such out of pocket expenses incurred during any workout,
restructuring or negotiations in respect of such Loans.




     (b) Indemnification by Borrower. Borrower shall indemnify the Agent (and any
sub-agent thereof), each Lender and the Agent, and each Related Party of any of the
foregoing Persons (each such Person being called an “Indemnitee”) against, and hold
each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related
expenses (including the fees, charges and disbursements of any counsel for any Indemnitee),
incurred by any Indemnitee or asserted against any Indemnitee by any third party or by
Borrower or any other Loan Party arising out of, in connection with, or as a result of (i)
the execution or delivery of this Agreement, any other Loan Document or any agreement or
instrument contemplated hereby or thereby, the performance by the parties hereto of their
respective obligations hereunder or thereunder, the consummation of the transactions
contemplated hereby or thereby, or, in the case of the Agent (and any sub-agent thereof) and
its Related Parties only, the administration of this Agreement and the other Loan Documents,
(ii) any Loan or the use or proposed use of the proceeds therefrom, (iii) any actual or
alleged presence or release of Hazardous Materials on or from any property owned or operated
by Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to
Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on contract,
tort or any other theory, whether brought by a third party or by Borrower or any other Loan
Party, and regardless of whether any Indemnitee is a party thereto; provided that
such indemnity shall not, as to any Indemnitee, be available to the extent that such losses,
claims, damages, liabilities or related expenses (x) are determined by a court of competent
jurisdiction by final and nonappealable judgment to have resulted from the gross negligence
or willful misconduct of such Indemnitee or (y) result from a claim brought by Borrower or
any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s
obligations hereunder or under any other Loan Document, if Borrower or such other Loan Party
has obtained a final and nonappealable judgment in its favor on such claim as determined by
a court of competent jurisdiction.




     (c) Reimbursement by Lenders. To the extent that Borrower for any reason fails
to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be
paid by it to the Agent (or any sub-agent thereof) or any Related Party of any of the
foregoing, each Lender severally agrees to pay to the Agent (or any such sub-agent), the
Agent or such Related Party, as the case may be, such Lender’s Pro Rata Share (determined as
of the time that the applicable unreimbursed expense or indemnity payment is sought) of such
unpaid amount, provided that the unreimbursed expense or indemnified loss, claim,
damage, liability or related expense, as the case may be, was incurred by or asserted
against the Agent (or any such sub-agent), or against any Related Party of any of the
foregoing acting for the Agent (or any such sub-agent) in connection



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with such capacity. The obligations of the Lenders under this subsection (c) are
subject to the provisions of Section 2.12(d).




     (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, Borrower shall not assert, and hereby waives, any claim against any
Indemnitee, on any theory of liability, for special, indirect, consequential or punitive
damages (as opposed to direct or actual damages) arising out of, in connection with, or as a
result of, this Agreement, any other Loan Document or any agreement or instrument
contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of
the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for
any damages arising from the use by unintended recipients of any information or other
materials distributed to such unintended recipients by such Indemnitee through
telecommunications, electronic or other information transmission systems in connection with
this Agreement or the other Loan Documents or the transactions contemplated hereby or
thereby other than for direct or actual damages resulting from the gross negligence or
willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of
a court of competent jurisdiction.




     (e) Payments. All amounts due under this Section shall be payable not later
than ten Business Days after demand therefor.




     (f) Survival. The agreements in this Section shall survive the resignation of
the Agent, the replacement of any Lender, the termination of the Aggregate Commitments and
the repayment, satisfaction or discharge of all the other Obligations.



     10.05 Payments Set Aside. To the extent that any payment by or on behalf of Borrower is made
to the Agent or any Lender, or the Agent or any Lender exercises its right of set off, 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 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 set off had not occurred, and (b) each Lender severally agrees to pay to the Agent
upon demand its applicable share (without duplication) of any amount so recovered from or repaid by
the 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 Overnight Rate from time to time in effect. The obligations of the
Lenders under clause (b) of the preceding sentence shall survive the payment in full of the
Obligations and the termination of this Agreement.



     10.06 Successors and Assigns.




     (a) Successors and Assigns Generally. The provisions of this Agreement shall
be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby, except that Borrower may not assign or otherwise
transfer any of its rights or obligations hereunder without the prior written consent of the
Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or
obligations hereunder except (i) to an assignee in accordance with the provisions of
subsection (b) of this Section, (ii) by way of participation in accordance with the
provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a
security interest subject to the restrictions of subsection (f) of this Section, or (iv) to
an SPC in accordance with the provisions of subsection (h) 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



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the parties hereto, their respective successors and assigns permitted hereby,
Participants to the extent provided in subsection (d) of this Section and, to the extent
expressly contemplated hereby, the Related Parties of each of the Agent, the Agent and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.




     (b) Assignments by Lenders. Any Lender may at any time assign to one or more
assignees all or a portion of its rights and obligations under this Agreement (including all
or a portion of its Commitment and the Loans at the time owing to it); provided that any
such assignment shall be subject to the following conditions:




     (i) Minimum Amounts.




     (A) in the case of an assignment of the entire remaining amount of the
assigning Lender’s Commitment and the Loans at the time owing to it or in
the case of an assignment to a Lender, an Affiliate of a Lender or an
Approved Fund, no minimum amount need be assigned; and




     (B) in any case not described in subsection (b)(i)(A) of this Section,
the aggregate amount of the Commitment (which for this purpose includes
Loans outstanding thereunder) or, if the Commitment is not then in effect,
the principal outstanding balance of the Loans 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 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 Agent and,
so long as no Event of Default has occurred and is continuing, Borrower
otherwise consents (each such consent not to be unreasonably withheld or
delayed); provided, however, that concurrent assignments to
members of an Assignee Group and concurrent assignments from members of an
Assignee Group to a single assignee (or to an assignee and members of its
Assignee Group) will be treated as a single assignment for purposes of
determining whether such minimum amount has been met.




     (ii) Proportionate Amounts. Each partial assignment shall be made as
an assignment of a proportionate part of all the assigning Lender’s rights and
obligations under this Agreement with respect to the Loans or the Commitment
assigned;




     (iii) Required Consents. No consent shall be required for any
assignment except to the extent required by subsection (b)(i)(B) of this Section
and, in addition:




     (A) the consent of Borrower (such consent not to be unreasonably
withheld or delayed) shall be required unless (1) an Event of Default has
occurred and is continuing at the time of such assignment or (2) such
assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; and




     (B) the consent of the Agent, in its capacity as administrative agent
(such consent not to be unreasonably withheld or delayed) shall be required
if such assignment is to a Person that is not a Lender, an Affiliate of such
Lender or an Approved Fund with respect to such Lender.




     (iv) Assignment and Assumption. The parties to each assignment shall
execute and deliver to the Agent an Assignment and Assumption, together with a



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processing and recordation fee of $3,500; provided, however,
that the Agent may, in its sole discretion, elect to waive such processing and
recordation fee in the case of any assignment. The assignee, if it is not a Lender,
shall deliver to the Agent an Administrative Questionnaire.




     (v) No Assignment to Borrower. No such assignment shall be made to
Borrower or any of Borrower’s Affiliates or Subsidiaries.




     (vi) No Assignment to Natural Persons. No such assignment shall be
made to a natural person.




     Subject to acceptance and recording thereof by the Agent pursuant to subsection (c) of
this Section, from and after the effective date specified in each Assignment and Assumption,
the 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
3.01, 3.04, 3.05, and 10.04 with respect to facts and
circumstances occurring prior to the effective date of such assignment. Upon request,
Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any
assignment or transfer by a Lender of rights or obligations under this Agreement that does
not comply with this subsection shall be treated for purposes of this Agreement as a sale by
such Lender of a participation in such rights and obligations in accordance with subsection
(d) of this Section.




     (c) Register. The Agent, acting solely for this purpose as an agent of
Borrower, shall maintain at the Agent’s Office a copy of each Assignment and Assumption
delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts of the Loans owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive, and Borrower, the 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 Borrower and any Lender, at any reasonable time and
from time to time upon reasonable prior notice.




     (d) Participations. Any Lender may at any time, without the consent of, or
notice to, Borrower or the Agent, sell participations to any Person (other than a natural
person or Borrower or any of Borrower’s Affiliates or Subsidiaries) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under
this Agreement (including all or a portion of its Commitment and/or the Loans owing to it);
provided that (i) such Lender’s obligations under this Agreement shall remain unchanged,
(ii) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (iii) Borrower, the Agent and the 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, waiver or other modification
described in the first proviso



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to Section 10.01 that affects such Participant. Subject to subsection (e) of
this Section, Borrower agrees that each Participant shall be entitled to the benefits of
Sections 3.01, 3.04 and 3.05 to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to subsection (b) of this
Section. To the extent permitted by law, each Participant also shall be entitled to the
benefits of Section 10.08 as though it were a Lender, provided such Participant
agrees to be subject to Section 2.13 as though it were a Lender.




     (e) Limitations upon Participant Rights. A Participant shall not be entitled
to receive any greater payment under Section 3.01 or 3.04 than the
applicable Lender would have been entitled to receive with respect to the participation sold
to such Participant, unless the sale of the participation to such Participant is made with
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 Borrower is
notified of the participation sold to such Participant and such Participant agrees, for the
benefit of Borrower, to comply with Section 3.01(e) as though it were a Lender.




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




     (g) Electronic Execution of Assignments. The words “execution,” “signed,”
“signature,” and words of like import in any Assignment and Assumption shall be deemed to
include electronic signatures or the keeping of records in electronic form, each of which
shall be of the same legal effect, validity or enforceability as a manually executed
signature or the use of a paper-based recordkeeping system, as the case may be, to the
extent and as provided for in any applicable law, including the Federal Electronic
Signatures in Global and National Commerce Act, the New York State Electronic Signatures and
Records Act, or any other similar state laws based on the Uniform Electronic Transactions
Act.




     (h) Special Purpose Funding Vehicles. Notwithstanding anything to the contrary
contained herein, any Lender (a “Granting Lender”) may grant to a special purpose
funding vehicle identified as such in writing from time to time by the Granting Lender to
the Agent and Borrower (an “SPC”) the option to provide all or any part of any
Committed Loan that such Granting Lender would otherwise be obligated to make pursuant to
this Agreement; provided that (i) nothing herein shall constitute a commitment by
any SPC to fund any Committed Loan, and (ii) if an SPC elects not to exercise such option or
otherwise fails to make all or any part of such Committed Loan, the Granting Lender shall be
obligated to make such Committed Loan pursuant to the terms hereof or, if it fails to do so,
to make such payment to the Agent as is required under Section 2.12(b)(ii). Each
party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by any SPC
of such option shall increase the costs or expenses or otherwise increase or change the
obligations of Borrower under this Agreement (including its obligations under Section
3.04), (ii) no SPC shall be liable for any indemnity or similar payment obligation under
this Agreement for which a Lender would be liable, and (iii) the Granting Lender shall for
all purposes, including the approval of any amendment, waiver or other modification of any
provision of any Loan Document, remain the lender of record hereunder. The making of a
Committed Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to
the same extent, and as if, such Committed Loan were made by such Granting Lender. In
furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive
the termination of this Agreement) that, prior to the date that is one year and one day
after the



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payment in full of all outstanding commercial paper or other senior debt of any SPC, it
will not institute against, or join any other Person in instituting against, such SPC any
bankruptcy, reorganization, arrangement, insolvency, or liquidation proceeding under the
laws of the United States or any State thereof. Notwithstanding anything to the contrary
contained herein, any SPC may (i) with notice to, but without prior consent of Borrower and
the Agent and with the payment of a processing fee in the amount of $3,500, assign all or
any portion of its right to receive payment with respect to any Committed Loan to the
Granting Lender and (ii) disclose on a confidential basis any non-public information
relating to its funding of Committed Loans to any rating agency, commercial paper dealer or
provider of any surety or Guarantee or credit or liquidity enhancement to such SPC.




     (i) Resignation as Agent after Assignment. Notwithstanding anything to the
contrary contained herein, if at any time JPMorgan assigns all of its Commitment and Loans
pursuant to subsection (b) above, JPMorgan may, upon 30 days’ notice to Borrower and the
Lenders, resign as Agent. In the event of any such resignation as Agent, Borrower shall be
entitled to appoint from among the Lenders a successor Agent hereunder; provided,
however, that no failure by Borrower to appoint any such successor shall affect the
resignation of JPMorgan as Agent. Upon the appointment of a successor Agent, such successor
shall succeed to and become vested with all of the rights, powers, privileges and duties of
the retiring Agent.



     10.07 Treatment of Certain Information; Confidentiality. Each of the Agent and the Lenders
agrees to maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective
partners, directors, officers, employees, agents, advisors and representatives (it being understood
that the Persons to whom such disclosure is made will be informed of the confidential nature of
such Information and instructed to keep such Information confidential), (b) to the extent requested
by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory
authority, such as the National Association of Insurance Commissioners), (c) to the extent required
by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other
party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan
Document or any action or proceeding relating to this Agreement or any other Loan Document or the
enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions
substantially the same as those of this Section, to (i) any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations under this Agreement or
(ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction
relating to Borrower and its obligations, (g) with the consent of Borrower or (h) to the extent
such Information (x) becomes publicly available other than as a result of a breach of this Section
or (y) becomes available to the Agent, any Lender or any of their respective Affiliates on a
nonconfidential basis from a source other than Borrower.



     For purposes of this Section, “Information” means all information received from
Borrower or any Subsidiary relating to Borrower or any Subsidiary or any of their respective
businesses, other than any such information that is available to the Agent or any Lender on a
nonconfidential basis prior to disclosure by Borrower or any Subsidiary, provided that, in
the case of information received from Borrower or any Subsidiary after the date hereof, such
information is clearly identified at the time of delivery as confidential. Any Person required to
maintain the confidentiality of Information as provided in this Section shall be considered to have
complied with its obligation to do so if such Person has exercised the same degree of care to
maintain the confidentiality of such Information as such Person would accord to its own
confidential information.



     Each of the Agent and the Lenders acknowledges that (a) the Information may include material
non-public information concerning Borrower or a Subsidiary, as the case may be, (b) it has
developed



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compliance procedures regarding the use of material non-public information and (c) it will
handle such material non-public information in accordance with applicable Law, including Federal
and state securities Laws.



     10.08 Right of Set off. If an Event of Default shall have occurred and be continuing, each
Lender and each of their respective Affiliates is hereby authorized at any time and from time to
time to the fullest extent permitted by applicable law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final, in whatever currency) at any time held
and other obligations (in whatever currency) at any time owing by such Lender, the Agent or any
such Affiliate to or for the credit or the account of Borrower or any other Loan Party against any
and all of the obligations of Borrower or any such other Loan Party now or hereafter existing under
this Agreement or any other Loan Document to such Lender or the Agent, irrespective of whether or
not such Lender or the Agent shall have made any demand under this Agreement or any other Loan
Document and although such obligations of Borrower or such Loan Party may be contingent or
unmatured or are owed to a branch or office of such Lender different from the branch or office
holding such deposit or obligated on such indebtedness. The rights of each Lender and their
respective Affiliates under this Section are in addition to other rights and remedies (including
other rights of set off) that such Lender or their respective Affiliates may have. Each Lender
agrees to notify Borrower and the Agent promptly after any such set off and application,
provided that the failure to give such notice shall not affect the validity of such set off
and application.



     10.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any
Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the
maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If
the Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the
excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid
principal, refunded to Borrower. In determining whether the interest contracted for, charged, or
received by the Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent
permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee,
or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c)
amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest
throughout the contemplated term of the Obligations hereunder.



     10.10 Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract.
This Agreement and the other Loan Documents constitute the entire contract among the parties
relating to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Except as provided in
Section 4.01, this Agreement shall become effective when it shall have been executed by the
Agent and when the Agent shall have received counterparts hereof that, when taken together, bear
the signatures of each of the other parties hereto. Delivery of an executed counterpart of a
signature page of this Agreement by telecopy shall be effective as delivery of a manually executed
counterpart of this Agreement.



     10.11 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 Agent and each Lender,
regardless of any investigation made by the Agent or any Lender or on their behalf and
notwithstanding that the Agent or any Lender may have had notice or knowledge of any Default at the
time of any Credit Extension, and shall continue in full force and effect as long as any Loan or
any other Obligation hereunder shall remain unpaid or unsatisfied.



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     10.12 Severability. If any provision of this Agreement or the other Loan Documents is held to
be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the
remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the
illegal, invalid or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the illegal, invalid or unenforceable provisions. The
invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction.



     10.13 Replacement of Lenders. If any Lender requests compensation under Section 3.04,
or if Borrower is required to pay any additional amount to any Lender or any Governmental Authority
for the account of any Lender pursuant to Section 3.01, or if any Lender is a Defaulting
Lender, then Borrower may, at its sole expense and effort, upon notice to such Lender and the
Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject
to the restrictions contained in, and consents required by, Section 10.06), all of its
interests, rights and obligations under this Agreement and the related Loan Documents to an
assignee that shall assume such obligations (which assignee may be another Lender, if a Lender
accepts such assignment), provided that:




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




     (b) such Lender shall have received payment of an amount equal to the outstanding
principal of its 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 Borrower (in the case of all other amounts);




     (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 Borrower to require
such assignment and delegation cease to apply.



     10.14 Governing Law; Jurisdiction; Etc.




     (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.




     (b) SUBMISSION TO JURISDICTION. BORROWER IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE
SUPREME COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES
DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY
THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE
PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH
ACTION OR PROCEEDING MAY BE



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HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL
JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER
JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN
THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE AGENT OR ANY
LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR
ANY OTHER LOAN DOCUMENT AGAINST BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION.




     (c) WAIVER OF VENUE. BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE
TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS
SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH
ACTION OR PROCEEDING IN ANY SUCH COURT.




     (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF
PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL
AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY
APPLICABLE LAW.



     10.15 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE
OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS
BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.



     10.16 No Advisory or Fiduciary Responsibility. In connection with all aspects of each
transaction contemplated hereby, Borrower acknowledges and agrees that: (i) the credit facilities
provided for hereunder and any related arranging or other services in connection therewith
(including in connection with any amendment, waiver or other modification hereof or of any other
Loan Document) are an arm’s-length commercial transaction between Borrower and its Affiliates, on
the one hand, and the Agent and the Arranger, on the other hand, and Borrower is capable of
evaluating and understanding and understand and accept the terms, risks and conditions of the
transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver
or other modification hereof or thereof); (ii) in connection with the process leading to such
transaction, the Agent and the Arranger each is and has been acting solely as a principal and is
not the financial advisor, agent or fiduciary, for Borrower or any of its Affiliates, stockholders,
creditors or employees or any other Person; (iii) neither the Agent nor the




-60-











 




Arranger has assumed or will assume an advisory, agency or fiduciary responsibility in favor of
Borrower with respect to any of the transactions contemplated hereby or the process leading
thereto, including with respect to any amendment, waiver or other modification hereof or of any
other Loan Document (irrespective of whether the Agent or the Arranger has advised or is currently
advising Borrower or its Affiliates on other matters) and neither the Agent nor the Arranger has
any obligation to Borrower or its Affiliates with respect to the transactions contemplated hereby
except those obligations expressly set forth herein and in the other Loan Documents; (iv) the Agent
and the Arranger and their respective Affiliates may be engaged in a broad range of transactions
that involve interests that differ from those of the Borrower and its Affiliates, and neither the
Agent nor the Arranger has any obligation to disclose any of such interests by virtue of any
advisory, agency or fiduciary relationship; and (v) the Agent and the Arranger have not provided
and will not provide any legal, accounting, regulatory or tax advice with respect to any of the
transactions contemplated hereby (including any amendment, waiver or other modification hereof or
of any other Loan Document) and the Borrower has consulted its own legal, accounting, regulatory
and tax advisors to the extent it has deemed appropriate. The Borrower hereby waives and releases,
to the fullest extent permitted by law, any claims that it may have against the Agent and the
Arranger with respect to any breach or alleged breach of agency or fiduciary duty.




     10.17 USA PATRIOT Act Notice. Each Lender that is subject to the Act (as hereinafter defined)
and the Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that
pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law
October 26, 2001)) (the “Act”), it is required to obtain, verify and record information
that identifies the Borrower, which information includes the name and address of the Borrower and
other information that will allow such Lender or the Agent, as applicable, to identify the Borrower
in accordance with the Act.



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



     10.19 Judgment Currency. If, for the purposes of obtaining judgment in any court, it is
necessary to convert a sum due hereunder or any other Loan Document in one currency into another
currency, the rate of exchange used shall be that at which in accordance with normal banking
procedures the Agent could purchase the first currency with such other currency on the Business Day
preceding that on which final judgment is given. The obligation of the Borrower in respect of any
such sum due from it to the Agent or the Lenders hereunder or under the other Loan Documents shall,
notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in
which such sum is denominated in accordance with the applicable provisions of this Agreement (the
“Agreement Currency”), be discharged only to the extent that on the Business Day following
receipt by the Agent of any sum adjudged to be so due in the Judgment Currency, the Agent may in
accordance with normal banking procedures purchase the Agreement Currency with the Judgment
Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due
to the Agent from the Borrower in the Agreement Currency, the Borrower agrees, as a separate
obligation and notwithstanding any such judgment, to indemnify the Agent or the Person to whom such
obligation was owing against such loss. If the amount of the Agreement Currency so purchased is
greater than the sum originally due to the Agent in such currency, the Agent agrees to return the
amount of any excess to the Borrower (or to any other Person who may be entitled thereto under
applicable law).



[Signature Pages Follow]




-61-









 





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



	 	 	 	 	 	 	 
	 	 	LITTELFUSE, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 





Signature Page to Loan Agreement

Littelfuse, Inc.




 









 








	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A., individually as a Lender and as Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 





Signature Page to Loan Agreement

Littelfuse, Inc.




 









 








	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., individually as a Lender and as Syndication Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 





Signature Page to Loan Agreement

Littelfuse, Inc.





 









 








	 	 	 	 	 	 	 
	 	 	WELLS FARGO BANK, N.A., individually as a Lender and as Documentation Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 





Signature Page to Loan Agreement

Littelfuse, Inc.




 









 








	 	 	 	 	 	 
	 	 	THE NORTHERN TRUST COMPANY, as a Lender	 
	 
	 	 	 	 	 
	 

	 	By:	 	 	 
	 

	 	 	 	 	 
	 

	 	Name:	 	 	 
	 

	 	 	 	 	 
	 

	 	Title:	 	 	 
	 

	 	 	 	 	 





Signature Page to Loan Agreement

Littelfuse, Inc.






 









 








SCHEDULE 2.01




COMMITMENTS

AND PRO RATA SHARES




	 	 	 	 	 	 	 	 	 
	Lender
	 	Commitment	 	Pro Rata Share
	 
	JPMorgan Chase Bank, N.A.
	 	$	25,000,000	 	 	 	31.25	%
	Bank of America, N.A.
	 	$	20,000,000	 	 	 	25.00	%
	Wells Fargo Bank, N.A.
	 	$	20,000,000	 	 	 	25.00	%
	The Northern Trust Company
	 	$	15,000,000	 	 	 	18.75	%
	 
	 	 	 	 	 	 	 	 
	Total
	 	$	80,000,000	 	 	 	100.000000000	%






-1-









 






SCHEDULE 5.06




LITIGATION




NONE







-1-









 








SCHEDULE 5.09




ENVIRONMENTAL MATTERS




NONE







-1-









 








SCHEDULE 5.13




SUBSIDIARIES

AND OTHER EQUITY INVESTMENTS




Part (a). Subsidiaries.



	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	SUBSIDIARIES	 	JURISDICTION OF INCORPORATION	 	% OWNERSHIP	 	US Taxpayer ID #
	Teccor Electronics, Inc.
	 	United States	 	100%	 	31-0963862
	Teccor Delaware, Inc.
	 	United States	 	100%	 	31-1601764
	Littelfuse GP, Inc.
	 	United States	 	100%	 	43-2037451
	Littelfuse I, L.P.
	 	United States	 	100%	 	75-2767895
	Teccor Electronics Mexico Holdings LLC
	 	United States	 	100%	 	N/A

	SurgX Corporation
	 	United States	 	100%	 	94-3256635
	Littelfuse S.A. de C.V.
	 	Mexico	 	100%	 	 
	LF Consorcio S. de R.L. de C.V.
	 	Mexico	 	100%	 	 
	Teccor de Mexico S. de R.L. de C.V.
	 	Mexico	 	100%	 	31-0963862
	Littelfuse do Brasil Ltda
	 	Brazil	 	100%	 	 
	Littelfuse da Amazonia, Ltda.
	 	Brazil	 	100%	 	 
	Littelfuse Ireland Development Co., Ltd.
	 	Ireland	 	100%	 	 
	Littelfuse Ireland Limited
	 	Ireland	 	100%	 	34-0276860
	Littelfuse Ireland Holding Ltd.
	 	Ireland	 	100%	 	 
	Littelfuse U.K. Ltd.
	 	United Kingdom	 	100%	 	 
	Littelfuse, B.V.
	 	Netherlands	 	100%	 	 
	REMPAT Holding B.V.
	 	Netherlands	 	100%	 	98-0218235
	REMPAT Financial B.V.
	 	Netherlands	 	100%	 	 
	Littelfuse Europe Holding, B.V.
	 	Netherlands	 	100%	 	98-0428914
	Littelfuse Holding GMBH
	 	Germany	 	100%	 	98-0428915
	Littelfuse GMBH
	 	Germany	 	100%	 	 
	H.I. Verwaltungs, GmbH
	 	Germany	 	100%	 	 
	H.I. Immobilien Management GmbH
	 	Germany	 	100%	 	 
	Wickmann-Werke GmbH
	 	Germany	 	100%	 	 
	Littelfuse Automotive GmbH
	 	Germany	 	100%	 	 
	Littelfuse Far East Pte Ltd.
	 	Singapore	 	100%	 	 
	Littelfuse HK Limited
	 	Hong Kong	 	100%	 	 
	Suzhou Littelfuse OVS Ltd.
	 	Peoples Republic of China	 	100%	 	 
	Dongguan Wickmann Electrical Products Co.
	 	Peoples Republic of China	 	100%	 	 
	Concord Semiconductor (Wuxi) Company
	 	Peoples Republic of China	 	100%	 	98-0504329
	Littelfuse KK
	 	Japan	 	100%	 	 
	Littelfuse Triad Inc.
	 	South Korea	 	99%
	 	 
	Littelfuse Phils Inc.
	 	Philippines	 	100%	 	 
	Littelfuse S&L, Inc.
	 	Taiwan	 	95%
	 	 
	Littelfuse Concord Semiconductor, Inc.
	 	Taiwan	 	100%	 	 
	Concord Holding (BVI) Co. Ltd.
	 	British Virgin Islands	 	100%	 	 
	Dongguan Littelfuse Electronics Co., Ltd.
	 	Peoples Republic of  China	 	100%	 	 






-1-









 






Part (b). Other Equity Investments.




	 	 	 	 	 
	 	 	JURISDICTION OF 	 	 
	ENTITY	 	INCORPORATION	 	% OWNERSHIP
	Polytronics Technology Corporation
	 	Taiwan	 	8.94%
	Motherson Pudenz Wickmann Ltd.
	 	India	 	43.85%






-2-









 






SCHEDULE 5.18




INTELLECTUAL PROPERTY MATTERS




NONE







-1-









 








SCHEDULE 7.01




EXISTING LIENS



Liens securing indebtedness set forth in Schedule 7.03 other than indebtedness in respect of the
Existing Credit Agreement.





-1-









 









SCHEDULE 7.03




EXISTING INDEBTEDNESS




	 	 	 
	Notes Payable
	 	 
	 
	 	 
	Littelfuse, Inc.
	 	 
	 
	 	 
	Existing Credit Agreement 

Due to:

	 	

Bank of America and other Lenders
	Original Principal Amount:

	 	                            $75,000,000
	Payment Terms and Interest Rate:

	 	Variable depending on type of loan
	 

	 	Open revolver line of credit, no
	 

	 	revolver principal due until line
	 

	 	matures on July 21, 2011
	Final Payment Date:

	 	                          July 21, 2011
	 
	 	 
	Littelfuse KK
	 	 
	 
	Due to:

	 	Bank of America
	Original Principal Amount:

	 	JPY 900,000 (Japanese Yen)
	Outstanding Principal Amount at
September 29, 2008:

	 	JPY 0 (Japanese Yen)
	Interest Rate:

	 	90 day TIBOR + 0.85%
	Final Payment Date:

	 	                     August 26, 2006






-1-









 






SCHEDULE 10.02




ADDRESSES FOR NOTICES




	 	 	 
	LITTELFUSE, INC.
	800 E. Northwest Highway
	Des Plaines, Illinois 60016
	Attn:

	 	Treasury Manager
	 

	 	Telephone: 847-391-0362
	 

	 	Facsimile: 847-512-0340
	 

	 	Electronic Mail: lbartuch@littelfuse.com
	Website Address: www.littelfuse.com
	U.S. Taxpayer Identification Number: 36-3795742






JPMORGAN

Address for Payments and Requests for Loans

JPMorgan Chase Bank, N.A.

Loan & Agency Services

10 South Dearborn Street

Chicago, Illinois 60603

Attention: Susan Thomas

Facsimile: (312) 385-7096

Ref:    Littelfuse, Inc.

ABA: 021-000-021




Other Notices as Agent:




JPMorgan Chase Bank, N.A.

10 South Dearborn Street

Chicago, Illinois 60603

Attention: Suzanne Ergastolo

Fax: (312) 794-7682





-1-











 





EXHIBIT A




FORM OF COMMITTED LOAN NOTICE




Date:                     ,                     





			
	To:	 	JPMorgan Chase Bank, N.A., as Agent





Ladies and Gentlemen:




     Reference is made to that certain Loan Agreement, dated as of September 29, 2008 (as amended,
restated, extended, supplemented or otherwise modified in writing from time to time, the “Loan
Agreement;” the terms defined therein being used herein as therein defined), among Littelfuse,
Inc. (“Borrower”), Lenders from time to time party thereto, and JPMorgan Chase Bank, N.A.,
as Agent.



     The undersigned hereby requests (select one):




	 	o	 	A Borrowing of Committed Loans           o     A conversion or continuation of Committed Loans
	 
	 	1.	 	On                                                              (a Business Day).
	 
	 	2.	 	In the amount of $                                                            .
	 
	 	3.	 	Comprised of                                                                    .




[Type of Committed Loan requested]





	 	4.	 	For Eurodollar Rate Loans: with an Interest Period of ___ months.





     [The Committed Borrowing requested herein complies with the proviso to the first sentence of
Section 2.01 of the Loan Agreement.]



	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	LITTELFUSE, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 






Form of Committed Loan Notice




A-1









 








EXHIBIT B




FORM OF NOTE




$                                        




September 29, 2008




     FOR VALUE RECEIVED, the undersigned (“Borrower”), hereby promises to pay to the order
of                                          or registered assigns (“Lender”), in accordance with the
provisions of the Agreement (as hereinafter defined) the principal amount of the Loan made by
Lender to Borrower under that certain Loan Agreement, dated as of September 29, 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
Borrower, Lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as Agent.



     Borrower promises to pay interest on the unpaid principal amount of each Loan from the date of
such Loan until such principal amount is paid in full, at such interest rates and at such times as
provided in the Agreement. All payments of principal and interest shall be made to Agent for the
account of Lender in the currency in which such Committed Loan was denominated and in Same Day
Funds at Agent’s Office for such currency. 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 Agreement.



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



     Borrower, for itself, its successors and assigns, hereby waives diligence, presentment,
protest and demand and notice of protest, demand, dishonor and non-payment of this Note.



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



	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	LITTELFUSE, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 






Form of Committed Loan Notice





B-1









 








LOANS AND PAYMENTS WITH RESPECT THERETO




	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Amount of	 	 	 	 
	 	 	 	 	 	 	Principal or	 	Outstanding	 	 
	 	 	 	 	End of	 	Interest	 	Principal	 	 
	 	 	Type of	 	Interest	 	Paid This	 	Balance This	 	Notation Made
	Date	 	Loan Made	 	Period	 	Date	 	Date	 	By
	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 	 





Form of Committed Loan Notice




B-2









 








EXHIBIT C




FORM OF COMPLIANCE CERTIFICATE




Financial Statement Date:                     ,





			
	To:	 	JPMorgan Chase Bank, N.A., as Agent





Ladies and Gentlemen:




     Reference is made to that certain Loan Agreement, dated as of September 29, 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
Littelfuse, Inc. (“Borrower”), Lenders from time to time party thereto, and JPMorgan Chase
Bank, N.A., as Agent.



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



[Use following for fiscal year-end financial statements]




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



[Use following for fiscal quarter-end financial statements]




     1. Attached hereto as Schedule 1 are the unaudited financial statements required by
Section 6.01(b) of the Agreement for the fiscal quarter of Borrower ended as of the above
date. Such financial statements fairly present the financial condition, results of operations and
cash flows of 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.



     2. 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 Borrower during the accounting period covered by the attached
financial statements.



     3. A review of the activities of Borrower during such fiscal period has been made under the
supervision of the undersigned with a view to determining whether during such fiscal period
Borrower performed and observed all its Obligations under the Loan Documents, and



[select one:]




     [to the best knowledge of the undersigned during such fiscal period, Borrower performed and
observed each covenant and condition of the Loan Documents applicable to it.]



—or—




     [the following covenants or conditions have not been performed or observed and the following
is a list of each such Default or Event of Default and its nature and status:]



C-1









 





     4. The representations and warranties of the Borrower contained in Article V of the
Agreement, or which are contained in any document furnished at any time under or in connection with
the Loan Documents, are true and correct on and as of the date hereof, except to the extent that
such representations and warranties specifically refer to an earlier date, in which case they are
true and correct as of such earlier date, and except that for purposes of this Compliance
Certificate, the representations and warranties contained in subsections (a), (b) and (c) of
Section 5.05 of the Agreement shall be deemed to refer to the most recent statements
furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Agreement,
including the statements in connection with which this Compliance Certificate is delivered.



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



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



	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	LITTELFUSE, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 






C-2









 






For the Quarter/Year ended                                         (“Statement Date”)




SCHEDULE 2

to the Compliance Certificate




	 	 	 	 	 	 	 	 	 	 	 	 	 
	I.	 	Section 7.12(a) -Consolidated Leverage Ratio.	 	 	 	 
	 	 	A.	 	Consolidated Funded Indebtedness at Statement Date:	 	$	                    	 
	 	 	B.	 	Consolidated EBITDA for four consecutive fiscal quarters ending on above date (“Subject
Period”):	 	$	                    	 
	 

	 	 	 	1.	 	Consolidated Net Income for Subject Period:
	 	$	                    	 
	 

	 	 	 	2.	 	Consolidated Interest Charges for Subject Period:
	 	$	                    	 
	 

	 	 	 	3.	 	Provision for income taxes for Subject Period:
	 	$	                    	 
	 

	 	 	 	4.	 	Depreciation expenses for Subject Period:
	 	$	                    	 
	 

	 	 	 	5.	 	Amortization expenses for Subject Period:
	 	$	                    	 
	 

	 	 	 	6.	 	Plus Non-cash reductions of Consolidated Net Income for
Subject Period:
	 	$	                    	 
	 

	 	 	 	7.	 	Minus Non-cash additions to Consolidated Net Income for
Subject Period:
	 	$	                    	 
	 

	 	 	 	8.	 	Consolidated EBITDA (Lines I.B.1 + 2 + 3 + 4
+5 + 6 – 7):
	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	C.	 	Ratio (Line I.A.  ̧ Line I.B.8.):	 	 	                    	 to 1.0
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Maximum Required Consolidated

Leverage Ratio:
	 	 	3.00:1.0	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	II.	 	 Section 7.12(b) — Consolidated Interest Coverage Ratio.	 	 	 	 
	 	 	A.	 	Consolidated EBITDA for four consecutive fiscal quarters ending on above date (“Subject
Period”) (Line I.B.8):	 	$	                    	 
	 	 	B.	 	Consolidated Interest Charges for Subject Period:	 	$	                    	 
	 	 	C.	 	Ratio (Line II.A  ̧ Line II.B)	 	 	                    	 to 1.0
	 	 	 	 	Minimum Required: 3.00 to 1.0	 	 	 	 






C-3









 






EXHIBIT D




ASSIGNMENT AND ASSUMPTION




     This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the
Effective Date set forth below and is entered into by and between [the][each]1 Assignor
identified in item 1 below ([the][each, an] “Assignor”) and [the][each]2
Assignee identified in item 2 below ([the][each, an] “Assignee”).3 [It is
understood and agreed that the rights and obligations of [the Assignors][the Assignees] hereunder
are several and not joint.]4 Capitalized terms used but not defined herein shall have
the meanings given to them in the Loan Agreement identified below (the “Loan Agreement”),
receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and
Conditions set forth in Annex 1 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][each] Assignor hereby irrevocably sells and assigns to [the
Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and
assumes from [the Assignor][the respective Assignors], subject to and in accordance with the
Standard Terms and Conditions and the Loan Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’]
rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under
the Loan 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][the respective Assignors] 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)][the
respective Assignors (in their respective capacities as Lenders)] against any Person, whether known
or unknown, arising under or in connection with the Loan 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 by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i)
and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”).
Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly
provided in this Assignment and Assumption, without representation or warranty by [the][any]
Assignor.



	 	 	 	 	 	 	 
	1.

	 	Assignor[s]:	 	 	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 

	 	 
	2.

	 	Assignee[s]:	 	 	 	 
	 

	 	 	 	 

	 	 








 




			
	1	 	For bracketed language here and elsewhere in this form
relating to the Assignor(s), if the assignment is from a single Assignor,
choose the first bracketed language. If the assignment is from multiple
Assignors, choose the second bracketed language.
	 
	2	 	For bracketed language here and elsewhere in this form
relating to the Assignee(s), if the assignment is to a single Assignee, choose
the first bracketed language. If the assignment is to multiple Assignees,
choose the second bracketed language.
	 
	3	 	Select as appropriate.
	 
	4	 	Include bracketed language if there are either multiple
Assignors or multiple Assignees.





Form of Assignment and Assumption





D-1









 








	 	 	 	 	 	 	 
	 

	 	 	 	                                                            	 	 
	 	 	[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]
	3.	 	Borrower(s):                                                             
	4.	 	Administrative Agent: JPMorgan Chase Bank, N.A., as the administrative agent under the Loan Agreement
	5.	 	Loan Agreement: Loan Agreement, dated as of September 29, 2008, among Littelfuse, Inc., the Lenders from time to time party thereto, and
JPMorgan Chase Bank, N.A., as Administrative Agent
	6.	 	Assigned Interest[s]:






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Aggregate	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Amount of	 	 	 	 	 	Percentage
	 	 	 	 	 	 	Facility	 	Loans for all	 	Amount of Loans	 	Assigned of
	Assignor[s]5	 	Assignee[s]6	 	Assigned7	 	Lenders8	 	Assigned	 	Loans9
	 
	 	 	 	 	 	 	 	 	 	$	                    	 	 	$	                    	 	 	 	                    	%
	 
	 	 	 	 	 	 	 	 	 	$	                    	 	 	$	                    	 	 	 	                    	%
	 
	 	 	 	 	 	 	 	 	 	$	                    	 	 	$	                    	 	 	 	                    	%






[7 Trade Date:                                         ]10



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: 	 
	 	 	 	 
	 





 




			
	5	 	List each Assignor, as appropriate.
	 
	6	 	List each Assignee, as appropriate.
	 
	7	 	Fill in the appropriate terminology for the type of
facility/loan under the Loan Agreement that are being assigned under this
Agreement (e.g. “Term Loans”).
	 
	8	 	Amounts in this column and in the column immediately to
the right to be adjusted by the counterparties to take into account any
payments or prepayments made between the Trade Date and the Effective Date.
	 
	9	 	Set forth, to at least 9 decimals, as a percentage of
the Commitment of all Lenders thereunder.
	 
	10	 	To be completed if the Assignor and the Assignee
intend that the minimum assignment amount is to be determined as of the Trade
Date.





Form of Assignment and Assumption




D-2









 








	 	 	 	 	 
	 	[Consented to and] Accepted:



JPMORGAN CHASE BANK, N.A., as Agent

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	[Consented to:]11


LITTELFUSE, INC.

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 





 




			
	11	 	To be added only if the consent of Borrower is
required by the terms of the Loan Agreement.





Form of Assignment and Assumption




D-3









 








ANNEX 1 TO ASSIGNMENT AND ASSUMPTION




STANDARD TERMS AND CONDITIONS FOR




ASSIGNMENT AND ASSUMPTION





     1. Representations and Warranties.



     1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the
legal and beneficial owner of [the][[the relevant] Assigned Interest, (ii) [the][such] 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 Loan 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][Each] 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
Loan Agreement, (ii) it meets all the requirements to be an assignee under Section
10.06(b)(iii), (v) and (vi) of the Loan Agreement (subject to such consents, if
any, as may be required under Section 10.06(b)(iii) of the Loan Agreement), (iii) from and
after the Effective Date, it shall be bound by the provisions of the Loan Agreement as a Lender
thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations
of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the
type represented by [the][such] Assigned Interest and either it, or the Person exercising
discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in
acquiring assets of such type, (v) it has received a copy of the Loan Agreement, and has received
or has been accorded the opportunity to receive copies of the most recent financial statements
delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information
as it deems appropriate to make its own credit analysis and decision to enter into this Assignment
and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and
without reliance upon the Administrative Agent or any other Lender and based on such documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into
this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a
Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the
terms of the Loan Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees
that (i) it will, independently and without reliance upon the Administrative Agent, [the][any]
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][each] Assigned Interest (including payments of principal,
interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to
but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued
from and after the Effective Date.



Annex I to Assignment and Assumption Agreement




D-4









 








     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 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.



Annex I to Assignment and Assumption Agreement




D-5









 








EXHIBIT E




FORM OF GUARANTY




     GUARANTY dated as of September 29, 2008 made by the Persons listed on the signature pages
hereof under the caption “Original Guarantors” and the Additional Guarantors (as defined in Section
8(b)) (such Persons so listed and the Additional Guarantors being, collectively, the
“Guarantors” and, individually, each a “Guarantor”) in favor of the Lenders (as
defined in the Loan Agreement referred to below).



     PRELIMINARY STATEMENT. Littelfuse, Inc., a Delaware corporation (the “Borrower”), is
party to a Loan Agreement dated as of September 29, 2008 (as amended, amended and restated,
supplemented or otherwise modified from time to time, the “Loan Agreement”; the capitalized
terms defined therein and not otherwise defined herein being used herein as therein defined) with
certain Lenders party thereto, and JPMorgan Chase Bank, N.A., as Agent for such Lenders. Each
Guarantor will derive substantial direct and indirect benefits from the transactions contemplated
by the Loan Agreement. It is a condition precedent to the making of Loans by the Lenders or the
Agent under the Loan Agreement from time to time that each Guarantor shall have executed and
delivered this Guaranty.



     NOW, THEREFORE, in consideration of the premises and in order to induce the Lenders and the
Agent to make Loans under the Loan Agreement from time to time, each Guarantor, jointly and
severally with each other Guarantor, hereby agrees as follows:



Section 1. Guaranty, Limitation of Liability




          (a) Each Guarantor hereby absolutely, unconditionally and irrevocably guarantees the punctual
payment when due, whether at scheduled maturity or on any date of a required prepayment or by
acceleration, demand or otherwise, of all Obligations of each other Loan Party now or hereafter
existing under or in respect of the Loan Documents (including, without limitation, any extensions,
modifications, substitutions, amendments or renewals of any or all of the foregoing Obligations),
whether direct or indirect, absolute or contingent, and whether for principal, reimbursement
obligations, interest, premiums, fees, penalties, indemnities, contract causes of action, costs,
expenses or otherwise and all Obligations of each other Loan Party now or hereafter existing in
respect of overdraft facilities, cash management services or repurchase agreements (all such
Obligations being collectively called the “Guaranteed Obligations”), and agrees to pay any and all
expenses (including, without limitation, fees and expenses of counsel) incurred by Agent or any
other Lender in enforcing any rights under this Guaranty or any other Loan Document. Without
limiting the generality of the foregoing, each Guarantor’s liability shall extend to all amounts
that constitute part of the Guaranteed Obligations and would be owed by any other Loan Party to any
Lender under or in respect of the Loan Documents but for the fact that they are unenforceable or
not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving
such other Loan Party.




          (b) Each Guarantor, and by its acceptance of this Guaranty, Agent and each other Lender,
hereby confirms that it is the intention of all such Persons that this Guaranty and the Obligations
of each Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of
Bankruptcy Law (as hereinafter defined), the Uniform Fraudulent Conveyance Act, the Uniform
Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to
this Guaranty and the Obligations of each Guarantor hereunder. To effectuate the foregoing
intention, Agent, the other Lenders and the Guarantors hereby irrevocably agree that the
Obligations of each Guarantor under this Guaranty at any time shall be limited to the maximum
amount as will result in the Obligations of such Guarantor under this Guaranty not constituting a
fraudulent transfer or conveyance. For purposes hereof, “Bankruptcy Law” means any proceeding of
the type referred to in Section 8.01(f) of the Loan Agreement or Title 11, U.S. Code, or any
similar foreign, federal or state law for the relief of debtors.




Form of Guaranty




E-1









 








          (c) Each Guarantor hereby unconditionally and irrevocably agrees that in the event any payment
shall be required to be made to any Lender under this Guaranty or any other guaranty, such
Guarantor will contribute, to the maximum extent permitted by law, such amounts to each other
Guarantor and each other guarantor so as to maximize the aggregate amount paid to the Lenders under
or in respect of the Loan Documents.



Section 2. Guaranty Absolute. Each Guarantor guarantees that the Guaranteed Obligations
will be paid strictly in accordance with the terms of the Loan Documents, regardless of any law,
regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or
the rights of any Lender with respect thereto. The Obligations of each Guarantor under or in
respect of this Guaranty are independent of the Guaranteed Obligations or any other Obligations of
any other Loan Party under or in respect of the Loan Documents, and a separate action or actions
may be brought and prosecuted against each Guarantor to enforce this Guaranty, irrespective of
whether any action is brought against Borrower or any other Loan Party or whether Borrower or any
other Loan Party is joined in any such action or actions. The liability of each Guarantor under
this Guaranty shall be irrevocable, absolute and unconditional irrespective of, and each Guarantor
hereby irrevocably waives (to the full extent permitted by law), any defenses it may now have or
hereafter acquire in any way relating to, any or all of the following:




          (a) any lack of validity or enforceability of any Loan Document or any agreement or instrument
relating thereto;




          (b) any change in the time, manner or place of payment of, or in any other term of, all or any
of the Guaranteed Obligations or any other Obligations of any other Loan Party under or in respect
of the Loan Documents, or any other amendment or waiver of or any consent to departure from any
Loan Document, including, without limitation, any increase in the Guaranteed Obligations resulting
from the extension of additional credit to any Loan Party or any of its Subsidiaries or otherwise;




          (c) any change, restructuring or termination of the corporate structure or existence of any
Loan Party or any of its Subsidiaries;




          (d) any failure of any Lender to disclose to any Loan Party any information relating to the
business, condition (financial or otherwise), operations, performance, properties or prospects of
any other Loan Party now or hereafter known to such Lender (each Guarantor waiving any duty on the
part of the Lenders to disclose such information);




          (e) the failure of any other Person to execute or deliver this Guaranty, any Guaranty
Supplement (as hereinafter defined) or any other guaranty or agreement or the release or reduction
of liability of any Guarantor or other guarantor or surety with respect to the Guaranteed
Obligations; or




          (f) any other circumstance (including, without limitation, any statute of limitations) or any
existence of or reliance on any representation by any Lender that might otherwise constitute a
defense available to, or a discharge of, any Loan Party or any other guarantor or surety.




     This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any
time any payment of any of the Guaranteed Obligations is rescinded or must otherwise be returned by
any Lender or any other Person upon the insolvency, bankruptcy or reorganization of Borrower or any
other Loan Party or otherwise, all as though such payment had not been made.


Section 3. Waivers and Acknowledgments.




          (a) Each Guarantor hereby unconditionally and irrevocably waives, to the full extent permitted
by law, promptness, diligence, notice of acceptance, presentment, demand for performance,



E-2









 






notice of nonperformance, default, acceleration, protest or dishonor and any other notice with
respect to any of the Guaranteed Obligations and this Guaranty and any requirement that any Lender
protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or
take any action against any Loan Party or any other Person.




          (b) Each Guarantor hereby unconditionally and irrevocably waives, to the full extent permitted
by law, any right to revoke this Guaranty and acknowledges that this Guaranty is continuing in
nature and applies to all Guaranteed Obligations, whether existing now or in the future.




          (c) Each Guarantor hereby unconditionally and irrevocably waives, to the full extent permitted
by law, (i) any defense arising by reason of any claim or defense based upon an election of
remedies by any Lender that in any manner impairs, reduces, releases or otherwise adversely affects
the subrogation, reimbursement, exoneration, contribution or indemnification rights of such
Guarantor or other rights of such Guarantor to proceed against any of the other Loan Parties, any
other guarantor or any other Person and (ii) any defense based on any right of set-off or
counterclaim against or in respect of the Obligations of such Guarantor hereunder.




          (d) Each Guarantor acknowledges that Agent may, without notice to or demand upon such
Guarantor and without affecting the liability of such Guarantor under this Guaranty, foreclose
under any mortgage by nonjudicial sale, and each Guarantor hereby waives any defense to the
recovery by Agent and the other Lenders against such Guarantor of any deficiency after such
nonjudicial sale and any defense or benefits that may be afforded by applicable law.




          (e) Each Guarantor hereby unconditionally and irrevocably waives, to the fullest extent
permitted by law, any duty on the part of any Lender to disclose to such Guarantor any matter, fact
or thing relating to the business, condition (financial or otherwise), operations, performance,
properties or prospects of any other Loan Party or any of its Subsidiaries now or hereafter known
by such Lender.




          (f) Each Guarantor acknowledges that it will receive substantial direct and indirect benefits
from the financing arrangements contemplated by the Loan Documents and that the waivers set forth
in Section 2 and this Section 3 are knowingly made in contemplation of such benefits.



Section 4. Subrogation. Each Guarantor hereby unconditionally and irrevocably agrees not
to exercise any rights that it may now have or hereafter acquire against Borrower, any other Loan
Party or any other insider guarantor that arise from the existence, payment, performance or
enforcement of such Guarantor’s Obligations under or in respect of this Guaranty or any other Loan
Document, including, without limitation, any right of subrogation, reimbursement, exoneration,
contribution or indemnification and any right to participate in any claim or remedy of any Lender
against Borrower, any other Loan Party or any other insider guarantor, whether or not such claim,
remedy or right arises in equity or under contract, statute or common law, including, without
limitation, the right to take or receive from Borrower, any other Loan Party or any other insider
guarantor, directly or indirectly, in cash or other property or by set-off or in any other manner,
payment or security on account of such claim, remedy or right, unless and until all of the
Guaranteed Obligations and all other amounts payable under this Guaranty shall have been paid in
full in cash and the Commitments shall have expired or been terminated. If any amount shall be
paid to any Guarantor in violation of the immediately preceding sentence at any time prior to the
latest of (a) the payment in full in cash of the Guaranteed Obligations and all other amounts
payable under this Guaranty and (b) the Maturity Date, such amount shall be received and held in
trust for the benefit of the Lenders, shall be segregated from other property and funds of such
Guarantor and shall forthwith be paid or delivered to Agent in the same form as so received (with
any necessary endorsement or assignment) to be credited and applied to the Guaranteed Obligations
and all other amounts payable under this Guaranty, whether matured or unmatured, in accordance with
the terms of the Loan Documents. If (i) any Guarantor shall make payment to any Lender of all or
any part of the Guaranteed Obligations, (ii) all of



E-3









 






the Guaranteed Obligations and all other amounts payable under this Guaranty shall have been paid
in full in cash and (iii) the Maturity Date shall have occurred, the Lenders will, at such
Guarantor’s request and expense, execute and deliver to such Guarantor appropriate documents,
without recourse and without representation or warranty, necessary to evidence the transfer by
subrogation to such Guarantor of an interest in the Guaranteed Obligations resulting from such
payment made by such Guarantor pursuant to this Guaranty.




Section 5. Payments Free and Clear of Taxes, Etc.




          (a) Any and all payments made by any Guarantor under or in respect of this Guaranty or any
other Loan Document shall be made, in accordance with Section 2.11 of the Loan Agreement, free and
clear of and without deduction for any and all present or future Taxes. If any Guarantor shall be
required by law to deduct any Taxes from or in respect of any sum payable under or in respect of
this Guaranty or any other Loan Document to any Lender, (i) the sum payable by such Guarantor shall
be increased as may be necessary so that after such Guarantor and Agent have made all required
deductions (including deductions applicable to additional sums payable under this Section 5), such
Lender receives an amount equal to the sum it would have received had no such deductions been made,
(ii) such Guarantor shall make all such deductions and (iii) such Guarantor shall pay the full
amount deducted to the relevant taxation authority or other authority in accordance with applicable
law.




          (b) In addition, each Guarantor agrees to pay any present or future Other Taxes that arise
from any payment made by or on behalf of such Guarantor under or in respect of this Guaranty or any
other Loan Document or from the execution, delivery or registration of, performance under, or
otherwise with respect to, this Guaranty and the other Loan Documents.




          (c) Each Guarantor will indemnify each Lender for and hold it harmless against the full amount
of Taxes and Other Taxes (but not Excluded Taxes), and for the full amount of taxes of any kind
imposed by any jurisdiction on amounts payable under this Section 5, imposed on or paid by such
Lender and any liability (including penalties, additions to tax, interest and expenses) arising
therefrom or with respect thereto. This indemnification shall be made within 30 days from the date
such Lender makes written demand therefor.




          (d) Within 30 days after the date of any payment of Taxes by or on behalf of any Guarantor,
such Guarantor shall furnish to Agent, at its address referred to in Section 9, the original or a
certified copy of a receipt evidencing such payment. In the case of any payment hereunder by or on
behalf of any Guarantor through an account or branch outside the United States or by or on behalf
of such Guarantor by a payor that is not a United States person, if such Guarantor determines that
no Taxes are payable in respect thereof, such Guarantor shall furnish or shall cause such payor to
furnish, to Agent, at such address, an opinion of counsel acceptable to Agent stating that such
payment is exempt from Taxes. For purposes of subsections (d) and (e) of this Section 5, the terms
“United States” and “United States person” shall have the meanings specified in Section 7701 of the
Internal Revenue Code.



Section 6. Representations and Warranties. Each Guarantor hereby makes each representation
and warranty made in the Loan Documents by Borrower with respect to such Guarantor and each
Guarantor hereby further represents and warrants as follows:




          (a) There are no conditions precedent to the effectiveness of this Guaranty that have not been
satisfied or waived.




          (b) Such Guarantor has, independently and without reliance upon any Lender and based on such
documents and information as it has deemed appropriate, made its own credit analysis and decision
to enter into this Guaranty and each other Loan Document to which it is or is to be a party, and
such Guarantor has established adequate means of obtaining from each other Loan Party on a
continuing



E-4









 






basis information pertaining to, and is now and on a continuing basis will be completely
familiar with, the business, condition (financial or otherwise), operations, performance,
properties and prospects of such other Loan Party.



Section 7. Covenants. Each Guarantor covenants and agrees that, so long as any part of the
Guaranteed Obligations shall remain unpaid or any Lender shall have any Commitment shall be in
effect, such Guarantor will perform and observe, and cause each of its Subsidiaries to perform and
observe, all of the terms, covenants and agreements set forth in the Loan Documents on its or their
part to be performed or observed or that Borrower has agreed to cause such Guarantor or such
Subsidiaries to perform or observe.




Section 8. Amendments, Guaranty Supplements, Etc.




          (a) No amendment or waiver of any provision of this Guaranty and no consent to any departure
by any Guarantor therefrom shall in any event be effective unless the same shall be in writing and
signed by Agent and the Required Lenders, and then such waiver or consent shall be effective only
in the specific instance and for the specific purpose for which given; provided, however, that no
amendment, waiver or consent shall, unless in writing and signed by all of the Lenders (other than
any Lender that is, at such time, a Defaulting Lender), (a) reduce or limit the obligations of any
Guarantor hereunder, release any Guarantor hereunder or otherwise limit any Guarantor’s liability
with respect to the Obligations owing to the Lenders under or in respect of the Loan Documents, (b)
postpone any date fixed for payment hereunder or (c) change the number of Lenders or the percentage
of the Aggregate Commitments or of the unpaid principal amount of the Loans which is required for
the Lenders or any of them to take any action hereunder.




          (b) Upon the execution and delivery by any Person of a guaranty supplement in substantially
the form of Exhibit A hereto (each, a “Guaranty Supplement”), (i) such Person shall be referred to
as an “Additional Guarantor” and shall become and be a Guarantor hereunder, and each reference in
this Guaranty to a “Guarantor” shall also mean and be a reference to such Additional Guarantor, and
each reference in any other Loan Document to an “Original Guarantor” shall also mean and be a
reference to such Additional Guarantor, and (ii) each reference herein to “this Guaranty”,
“hereunder”, “hereof” or words of like import referring to this Guaranty, and each reference in any
other Loan Document to the “Guaranty”, “thereunder”, “thereof” or words of like import referring to
this Guaranty, shall mean and be a reference to this Guaranty as supplemented by such Guaranty
Supplement.



Section 9. Notices, Etc. All notices and other communications provided for hereunder shall
be in writing and mailed, telecopied or delivered to it, if to any Guarantor, addressed to it in
care of Borrower at Borrower’s address specified in Section 10.02 of the Loan Agreement, if to
Agent, at its address specified in Section 10.02 of the Loan Agreement, if to any other Lender, to
the address specified in its Administrative Questionnaire or, as to any party, at such other
address as shall be designated by such party in a written notice to each other party. Notices sent
by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to
have been given when received; notices sent by telecopier shall be deemed to have been given when
sent (except that, if not given during normal business hours for the recipient, shall be deemed to
have been given at the opening of business on the next business day for the recipient). Delivery
by telecopier of an executed counterpart of a signature page to any amendment or waiver of any
provision of this Guaranty or of any Guaranty Supplement to be executed and delivered hereunder
shall be effective as delivery of an original executed counterpart thereof.



Section 10. No Waiver, Remedies. No failure on the part of any Lender to exercise, and no
delay in exercising, any right hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any right hereunder preclude any other or further exercise thereof or the
exercise of any other right. The remedies herein provided are cumulative and not exclusive of any
remedies provided by law.




E-5









 







Section 11. Right of Set-off. Upon (a) the occurrence and during the continuance of any
Event of Default and (b) the making of the request or the granting of the consent specified by
Section 8.02 of the Loan Agreement to authorize Agent to declare the Obligations due and payable
pursuant to the provisions of said Section 8.02, Agent and each Lender and each of their respective
Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted
by law, to set off and apply any and all deposits (general or special, time or demand, provisional
or final) at any time held and other indebtedness at any time owing by Agent, such Lender or such
Affiliate to or for the credit or the account of any Guarantor against any and all of the
Obligations of such Guarantor now or hereafter existing under the Loan Documents, irrespective of
whether Agent or such Lender shall have made any demand under this Guaranty or any other Loan
Document and although such Obligations may be unmatured. Agent and each Lender agrees promptly to
notify such Guarantor after any such set-off and application; provided, however, that the failure
to give such notice shall not affect the validity of such set-off and application. The rights of
Agent and each Lender and their respective Affiliates under this Section are in addition to other
rights and remedies (including, without limitation, other rights of set-off) that Agent, such
Lender and their respective Affiliates may have.



Section 12. Indemnification.




          (a) Without limitation on any other Obligations of any Guarantor or remedies of the Lenders
under this Guaranty, each Guarantor shall, to the fullest extent permitted by law, indemnify,
defend and save and hold harmless each Lender and each of their Affiliates and their respective
officers, directors, employees, agents and advisors (each, an “Indemnified Party”) from and
against, and shall pay on demand, any and all claims, damages, losses, liabilities and expenses
(including, without limitation, reasonable fees and expenses of counsel) that may be incurred by or
asserted or awarded against any Indemnified Party in connection with or as a result of any failure
of any Guaranteed Obligations to be the legal, valid and binding obligations of any Loan Party
enforceable against such Loan Party in accordance with their terms.




          (b) Each Guarantor hereby also agrees that none of the Indemnified Parties shall have any
liability (whether direct or indirect, in contract, tort or otherwise) to any of the Guarantors or
any of their respective Affiliates or any of their respective officers, directors, employees,
agents and advisors, and each Guarantor hereby agrees not to assert any claim against any
Indemnified Party on any theory of liability, for special, indirect, consequential or punitive
damages arising out of or otherwise relating to the Commitments, the actual or proposed use of the
proceeds of the Loans, the Loan Documents or any of the transactions contemplated by the Loan
Documents.




          (c) Without prejudice to the survival of any of the other agreements of any Guarantor under
this Guaranty or any of the other Loan Documents, the agreements and obligations of each Guarantor
contained in Section 1(a) (with respect to enforcement expenses), the last sentence of Section 2,
Section 5 and this Section 12 shall survive the payment in full of the Guaranteed Obligations and
all of the other amounts payable under this Guaranty.



Section 13. Subordination. Each Guarantor hereby subordinates any and all debts,
liabilities and other Obligations owed to such Guarantor by each other Loan Party (the
“Subordinated Obligations”) to the Guaranteed Obligations to the extent and in the manner
hereinafter set forth in this Section 13:




          (a) Prohibited Payments, Etc. Except during the continuance of a Default (including
the commencement and continuation of a, proceeding under any Bankruptcy Law relating to any other
Loan Party), each Guarantor may receive regularly scheduled payments from any other Loan Party on
account of the Subordinated Obligations. After the occurrence and during the continuance of any
Default (including the commencement and continuation of any proceeding under any Bankruptcy Law
relating to



E-6









 






any other Loan Party), however, unless Agent otherwise agrees, no Guarantor shall demand,
accept or take any action to collect any payment on account of the Subordinated Obligations.




          (b) Prior Payment of Guaranteed Obligations. In any proceeding under any Bankruptcy
Law relating to any other Loan Party, each Guarantor agrees that the Lenders shall be entitled to
receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses
accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not
constituting an allowed claim in such proceeding (“Post Petition Interest”)) before such Guarantor
receives payment of any Subordinated Obligations.




          (c) Turn-Over. After the occurrence and during the continuance of any Default
(including the commencement and continuation of any proceeding under any Bankruptcy Law relating to
any other Loan Party), each Guarantor shall, if Agent so requests, collect, enforce and receive
payments on account of the Subordinated Obligations as trustee for the Lenders and deliver such
payments to Agent on account of the Guaranteed Obligations (including all Post Petition Interest),
together with any necessary endorsements or other instruments of transfer, but without reducing or
affecting in any manner the liability of such Guarantor under the other provisions of this
Guaranty.




          (d) Agent Authorization. After the occurrence and during the continuance of any
Default (including the commencement and continuation of any proceeding under any Bankruptcy Law
relating to any other Loan Party), Agent is authorized and empowered (but without any obligation to
so do), in its discretion, (i) in the name of each Guarantor, to collect and enforce, and to submit
claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the
Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to require each
Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations
and (B) to pay any amounts received on such obligations to Agent for application to the Guaranteed
Obligations (including any and all Post Petition Interest).



Section 14. Continuing Guaranty, Assignments under the Loan Agreement. This Guaranty is a
continuing guaranty and shall (a) remain in full force and effect until the latest of (i) the
payment in full in cash of the Guaranteed Obligations and all other amounts payable under this
Guaranty and (ii) the Maturity Date, (b) be binding upon the Guarantor, its successors and assigns
and (c) inure to the benefit of and be enforceable by the Lenders and their successors, transferees
and assigns. Without limiting the generality of clause (c) of the immediately preceding sentence,
any Lender may assign or otherwise transfer all or any portion of its rights and obligations under
the Loan Agreement (including, without limitation, all or any portion of its Commitments, the Loans
owing to it and the Note or Notes held by it) to any other Person, and such other Person shall
thereupon become vested with all the benefits in respect thereof granted to such Lender herein or
otherwise, in each case as and to the extent provided in Section 10.07 of the Loan Agreement. No
Guarantor shall have the right to assign its rights hereunder or any interest herein without the
prior written consent of the Lenders.



Section 15. Execution in Counterparts. This Guaranty and each amendment, waiver and
consent with respect hereto may be executed in any number of counterparts and by different parties
thereto in separate counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement. Delivery of an
executed counterpart of a signature page to this Guaranty by telecopier shall be effective as
delivery of an original executed counterpart of this Guaranty.



Section 16. Severability. If any provision of this Guaranty is held to be illegal, invalid
or unenforceable, the legality, validity and enforceability of the remaining provisions of Guaranty
shall not be affected or impaired thereby. The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.




E-7









 








Section 17. Governing Law, Jurisdiction, Waiver of Jury Trial, Etc.




          (a) This Guaranty shall be governed by, and construed in accordance with, the laws of the
State of New York.




          (b) Each Guarantor hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of any New York State court or federal court of the
United States of America sitting in New York City, and any appellate court from any thereof, in any
action or proceeding arising out of or relating to this Guaranty or any of the other Loan Documents
to which it is or is to be a party, or for recognition or enforcement of any judgment, and each
Guarantor hereby irrevocably and unconditionally agrees that all claims in respect of any such
action or proceeding may be heard and determined in any such New York State court or, to the extent
permitted by law, in such federal court. Each Guarantor agrees that a final judgment in any such
action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. Nothing in this Guaranty or any other Loan
Document shall affect any right that any party may otherwise have to bring any action or proceeding
relating to this Guaranty or any other Loan Document in the courts of any jurisdiction.




          (c) Each Guarantor irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection that it may now or hereafter have to the laying of
venue of any suit, action or proceeding arising out of or relating to this Guaranty or any of the
other Loan Documents to which it is or is to be a party in any New York State or federal court.
Each Guarantor hereby irrevocably waives, to the fullest extent permitted by law, the defense of an
inconvenient forum to the maintenance of such suit, action or proceeding in any such court.




          (d) EACH GUARANTOR HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR
RELATING TO ANY OF THE LOAN DOCUMENTS, THE LOANS OR THE ACTIONS OF ANY LENDER IN THE NEGOTIATION,
ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF.



Section 18. Foreign Currency. If any claim arising under or related to this Guaranty is
reduced to judgment denominated in a currency (the “Judgment Currency”) other than the
currencies in which the Guaranteed Obligations are denominated (collectively the “Obligations
Currency”), the judgment shall be for the equivalent in the Judgment Currency of the amount of
the claim denominated in the Obligations Currency included in the judgment, determined as of the
date of judgment. The equivalent of any Obligations Currency amount in any Judgment Currency shall
be calculated at the spot rate for the purchase of the Obligations Currency with the Judgment
Currency quoted by the Agent in the place of the Agent’s choice at or about 8:00 a.m. on the date
for determination specified above. The Guarantor shall indemnify the Agent and each Lender and
hold the Agent and each Lender harmless from and against all loss or damage resulting from any
change in exchange rates between the date any claim is reduced to judgment and the date of payment
thereof by the Guarantor. If the Agent so notifies the Guarantor in writing, at the Agents sole
and absolute discretion, payments under this Guaranty shall be the U.S. Dollar equivalent of the
Guaranteed Obligations or any portion thereof, determined as of the date payment is made.





E-8









 








     IN WITNESS WHEREOF, each Guarantor has caused this Guaranty to be duly executed and delivered
by its officer thereunto duly authorized as of the date first above written.



	 	 	 	 	 
	 	TECCOR ELECTRONICS, INC.,

a Texas corporation

 	 
	 	By:  	 	 
	 	 	Philip G. Franklin 	 
	 	 	Vice President 	 
	 
	 	TECCOR DELAWARE, INC.,

a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Philip G. Franklin 	 
	 	 	Vice President 	 




	 	 	 	 	 	 	 
	 	 	LITTELFUSE I, L.P.,

a Delaware limited partnership	 	 
	 
	 	 	 	 	 	 
	 	 	By: Littelfuse GP, Inc., its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Philip G. Franklin
	 	 
	 

	 	 	 	Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	TECCOR ELECTRONICS MEXICO HOLDINGS LLC, a Delaware limited
liability company	 	 
	 
	 	 	 	 	 	 
	 	 	By: Littelfuse I L.P., it sole member	 	 
	 
	 	 	 	 	 	 
	 	 	By: Littelfuse GP, Inc., its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Philip G. Franklin
	 	 
	 

	 	 	 	Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	LITTELFUSE GP, INC., a Delaware
corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Philip G. Franklin
	 	 
	 

	 	 	 	President	 	 
	 
	 	 	 	 	 	 
	 	 	SURGX CORPORATION, a Delaware
corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Philip G. Franklin
	 	 
	 

	 	 	 	Chief Financial Officer	 	 






 









 






FORM OF GUARANTY SUPPLEMENT




                                         ,                     




JPMorgan Chase Bank, N.A., as Agent

[                    ]

[                    ]

Attention: [                    ]




Loan Agreement dated as of September 29, 2008 among

Littelfuse, Inc., a Delaware corporation

(the “Borrower”), the Lenders

party to the Loan Agreement, JPMorgan Chase Bank, N.A., as Agent




Ladies and Gentlemen:




     Reference is made to the above-captioned Loan Agreement and to the Guaranty referred to
therein (such Guaranty, as in effect on the date hereof and as it may hereafter be amended,
supplemented or otherwise modified from time to time, together with this Guaranty Supplement, being
the “Guaranty”). The capitalized terms defined in the Guaranty or in the Loan Agreement
and not otherwise defined herein are used herein as therein defined.



Section 1. Guaranty; Limitation of Liability.




     (a) The undersigned hereby absolutely, unconditionally and irrevocably guarantees the punctual
payment when due, whether at scheduled maturity or on any date of a required prepayment or by
acceleration, demand or otherwise, of all Obligations of each other Loan Party now or hereafter
existing under or in respect of the Loan Documents (including, without limitation., any extensions,
modifications, substitutions, amendments or renewals of any or all of the foregoing Obligations),
whether direct or indirect, absolute or contingent, and whether for principal, interest, premium,
fees, indemnities, contract causes of action, costs, expenses or otherwise (such Obligations being
the “Guaranteed Obligations”), and agrees to pay any and all expenses (including, without
limitation, fees and expenses of counsel) incurred by Agent or any other Lender in enforcing any
rights under this Guaranty Supplement, the Guaranty or any other Loan Document. Without limiting
the generality of the foregoing, the undersigned’s liability shall extend to all amounts that
constitute part of the Guaranteed Obligations and would be owed by any other Loan Party to any
Lender under or in respect of the Loan Documents but for the fact that they are unenforceable or
not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving
such other Loan Party.



     (b) The undersigned, and by its acceptance of this Guaranty Supplement, Agent and each other
Lender, hereby confirms that it is the intention of all such Persons that this Guaranty Supplement,
the Guaranty and the Obligations of the undersigned hereunder and thereunder not constitute a
fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance
Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent
applicable to this Guaranty Supplement, the Guaranty and the Obligations of the undersigned
hereunder and thereunder. To effectuate the foregoing intention, Agent, the other Lenders and the
undersigned hereby irrevocably agree that the Obligations of the undersigned under this Guaranty
Supplement and the Guaranty at any time shall be limited to the maximum amount as will result in
the Obligations of the undersigned under this Guaranty Supplement and the Guaranty not constituting
a fraudulent transfer or conveyance.



     (c) The undersigned hereby unconditionally and irrevocably agrees that in the event any
payment shall be required to be made to any Lender under this Guaranty Supplement, the Guaranty or
any



E-Supp-1









 




other guaranty, the undersigned will contribute, to the maximum extent permitted by applicable
law, such amounts to each other Guarantor and each other guarantor so as to maximize the aggregate
amount paid to the Lenders under or in respect of the Loan Documents.



Section 2. Obligations Under the Guaranty. The undersigned hereby agrees, as of the date
first above written, to be bound as a Guarantor by all of the terms and conditions of the Guaranty
to the same extent as each of the other Guarantors thereunder. The undersigned further agrees, as
of the date first above written, that each reference in the Guaranty to an “Additional Guarantor”
or a “Guarantor” shall also mean and be a reference to the undersigned, and each reference in any
other Loan Document to an “Original Guarantor” or a “Loan Party” shall also mean and be a reference
to the undersigned.



Section 3. Representations and Warranties. The undersigned hereby makes each
representation and warranty set forth in Section 6 of the Guaranty to the same extent as each other
Guarantor.



Section 4. Delivery by Telecopier. Delivery of an executed counterpart of a signature page
to this Guaranty Supplement by telecopier shall be effective as delivery of an original executed
counterpart of this Guaranty Supplement.



Section 5. Governing Law; Jurisdiction; Waiver of Jury Trial, Etc.




     (a) This Guaranty Supplement shall be governed by, and construed in accordance with, the laws
of the State of New York.



     (b) The undersigned hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of any New York State court or any federal court of the
United States of America sitting in New York City, and any appellate court from any y thereof, in
any action or proceeding arising out of or relating to this Guaranty Supplement, the Guaranty or
any of the other Loan Documents to which it is or is to be a party, or for recognition or
enforcement of any judgment, and the undersigned hereby irrevocably and unconditionally agrees that
all claims in respect of any such action or proceeding may be heard and determined in any such New
York State court or, to the extent permitted by law, in such federal court. The undersigned agrees
that a final judgment in any such action or proceeding shall be conclusive and may be enforced in
other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in
this Guaranty Supplement or the Guaranty or any other Loan Document shall affect any right that any
party may otherwise have to bring any action or proceeding relating to this Guaranty Supplement,
the Guaranty or any of the other Loan Documents to which it is or is to be a party in the courts of
any other jurisdiction.



     (c) The undersigned irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection that it may now or hereafter have to the laying of
venue of any suit, action or proceeding arising out of or relating to this Guaranty Supplement, the
Guaranty or any of the other Loan Documents to which it is or is to be a party in any New York
State or federal court. The undersigned hereby irrevocably waives, to the fullest extent permitted
by law, the defense of an inconvenient forum to the maintenance of such suit, action or proceeding
in any such court.



     THE UNDERSIGNED HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF
THE LOAN DOCUMENTS, THE LOANS OR THE ACTIONS OF ANY LENDER IN THE NEGOTIATION, ADMINISTRATION,
PERFORMANCE OR ENFORCEMENT THEREOF.



E-Supp-2









 





	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	[NAME OF ADDITIONAL GUARANTOR]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 

	 	 






E-Supp-3









 






EXHIBIT F




FORM OF OPINION




[Attached]




Form of Opinion





F-1









 








ANNEX I




SUBSIDIARIES




	 	 	 
	Name of the Loan Party	 	State of Incorporation or Formation
	Teccor Electronics, Inc.

	 	Texas
	 
	Teccor Delaware, Inc.

	 	Delaware
	 
	Littelfuse I L.P.

	 	Delaware
	 
	Teccor Electronics Mexico Holdings LLC

	 	Delaware
	 
	Littelfuse GP, Inc.

	 	Delaware
	 
	SurgX Corporation

	 	Delaware






Annex I to Form of Opinion





F-2